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Maharashtra Scooters Ltd (MAHSCOOTER)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500266 NSE: MAHSCOOTER Finance - Investment | Small Cap | Maharashtra Scooters Share Price

₹12,445.55 -3.85 (-0.03%)

As on 05-Jun'26 16:59

Maharashtra Scooters Ltd (MAHSCOOTER)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500266 NSE: MAHSCOOTER Finance - Investment | Small Cap | Maharashtra Scooters Share Price

₹12,445.55 -3.85 (-0.03%)

As on 05-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹14,228 Cr.
Current Price
₹12,445.6
52-Week Low / High
₹10,921 / 18,526
TTM EPS
₹271.7
Book Value per Share
₹24,180.5
P/E Ratio
45.81
Higher than its 5-year historical median
Industry PE
52.9
Price to Book (P/B)
0.51
Higher than its 5-year historical median
EV/EBITDA
46.02
Higher than its 5-year historical median
Dividend Yield
1.51%
Profitability Efficiency
Return on Equity (ROE)
0.74%
Return on Capital Employed (ROCE)
0.74%
Return on Assets (ROA)
0.67%
Growth Momentum
1-yr vs 3-yr growth
Net Interest Income Growth (1 Year)
Slowing versus 3-year growth rate
-17.69%
Book Value Growth (1 Year)
Improving versus 3-year growth rate
14.24%
Asset Quality
Gross NPA(%)
0.00%
Net NPA(%)
0.00%
TTM Sales
₹313 Cr.
Reserves
₹27,623 Cr.
Equity
₹11.4 Cr.
Face Value
₹10
All Time Low / High
₹15.50 / 18526.00

Maharashtra Scooters stock performance

Key Ratios
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Quality

Not Good
Check detailed performance

Valuation

Fair

Check Valuation charts

Price Trend

Semi Strong
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Q.1 Is Maharashtra Scooters Ltd a good quality company?
Maharashtra Scooters Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on the bank’s performance on Total Income growth, Pre-Provision Operating Profit, RoA, RoE, CAR, and Asset Quality, along with how these metrics compare with its long-term averages.

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We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Total Income growth, NPM, PPOP, RoA and RoE compared to its last 5-year median.

  • How efficiently has it grown and managed operations?

    By checking its Total Asset growth.

  • How strong is its Capital position and Asset Quality?

    By checking its Capital Adequacy Ratio (CAR), GNPA and NNPA.

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How does Maharashtra Scooters Ltd performance compare with that of its Peers?
Q.1 AUM Growth of Maharashtra Scooters Ltd vs Industry Peers?
Maharashtra Scooters Ltd AUM CAGR is %, compared to the 0-year industry median CAGR of %, indicating stable growth and maintaining its market share.
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Q.1 Promoter shareholding and pledge status of Maharashtra Scooters Ltd?
Promoters hold 51.00% of the Maharashtra Scooters Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Maharashtra Scooters Ltd over the last decade?
Over the last 9 years, the stock has delivered a CAGR of 24.7% based on the current price.
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10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Maharashtra Scooters Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Operating Income (₹ Cr.)98.512.314.515.415.3194216223183313
YoY Gr. Rt. %--5.3%45.1%17.6%6.1%-0.6%1172.7%11.3%2.9%-17.7%-
Adj EPS (₹ ) 88.411.453.263.7157.57.7124.9170.9174.4187.5271.7
YoY Gr. Rt. %--87.1%365.1%19.8%147.2%-95.1%1519.6%36.8%2.1%7.6%-
BVPS (₹ )2735,733.47,197.19,907.87,184.414,213.119,996.316,660.423,636.727,001.624,180.5
YoY Gr. Rt. %-2000.2%25.5%37.7%-27.5%97.8%40.7%-16.7%41.9%14.2%-
To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ
Net Profit/Total Funds (%)30.80.40.80.71.80.10.70.90.80.70

CAGR ⓘ

9 Years 5 Years 3 Years 1 Years
Net Interest Income39.8%64.2%-1.9%-17.7%
Adj EPS8.7%3.6%14.5%7.6%
BVPS66.6%30.3%10.5%14.2%
Share Price 25.1% 26.4% 32.6% -13.1%

Key Financial Ratios

RATIOS \ YEARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Margins
Net Profit Margin (%)1125.5153.8492.9502.21170.357.773.490.289.5116.999.3
Performance Ratios To view Performance Ratios Colour Rating Guide click here ⓘ
Return on Equity (%)35.80.40.80.71.80.10.70.90.90.71.1

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Income + 11729829621431195218224185
Interest Income9812141515194216223183
Other Income ⓘ 1111111122
Exceptional Items ⓘ 108217081199160112
Expenditure ⓘ + 16152122222223252114
Interest Expense ⓘ 0000000000
Operating Expenses ⓘ 16142020212121232012
Provisions 1111111122
Exceptional Items ⓘ 00000000044
Profit Before Tax ⓘ 1011461741929172193202215
Taxes ⓘ 011212030-231
Profit After Tax 1011361731809143195199214
Adjusted EPS (₹)88.411.453.263.7157.57.7124.9170.9174.4187.5
Dividend Payout Ratio (%)34%262.40%62.10%51.80%31.80%648.50%64.10%93.70%97.50%90.70%

Valuation of Maharashtra Scooters - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Equity Capital +3126,5528,22511,3238,21116,24422,85319,04327,01730,863
Share Capital ⓘ 11111111111111111111
Reserves ⓘ 3016,5418,21411,3128,19916,23222,84219,03127,00530,851
Short term borrowings0000000000
Long Term Borrowings14118381-311,0251,8381,3482,3703,703
Current Liabilities 1191010121188721
Trade Payables0010121000
Other Liabilities-0-0-1-0-1-2-1-0-00
Total Liabilities ⓘ 3376,5728,24311,7148,19217,28024,69920,39829,39434,588

Assets

Non Current Asset +2796,4888,13911,5397,99517,17624,56120,36029,24534,434
Loan Asset 0000000000
Other Non Current Asset ⓘ 2796,4888,13911,5397,99517,17624,56120,36029,24534,434
Current Asset +588410417519710413738149154
Current Investment4649811591002810617134130
Other Current Asset13362417967632211524
Total Assets ⓘ 3376,5728,24311,7148,19217,28024,69920,39829,39434,588

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity ⓘ -8-3311-7-6119209206159
Cash Flow From Investing Activity ⓘ 81354045195-68-62-3-1236
Cash Flow From Financing Activity ⓘ -80-2-41-45-113-1-58-205-194-193
Net Cash Flow ⓘ -600-075-75-0001

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Operational & Financial Ratios
EPS (₹)88.4011.4053.2063.70157.507.70124.90170.90174.40187.50
DPS (₹)30303333505080160170170
BVPS (₹)2735733.47197.19907.87184.414213.119996.316660.423636.727001.6

Performance Ratios

ROA (%)30.80.40.80.71.80.10.70.90.80.7
ROE (%)35.80.40.80.71.80.10.70.90.90.7
ROCE (%)35.80.40.80.82.00.10.90.90.90.7

Valuation Parameters

Price/Book(x)4.50.30.30.40.30.30.20.30.30.4

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Maharashtra Scooters Ltd FAQs

The current trading price of Maharashtra Scooters on 05-Jun-2026 16:59 is ₹12,445.6.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Jun-2026 the market cap of Maharashtra Scooters stood at ₹14,227.9 Cr

The latest P/E ratio of Maharashtra Scooters as of 04-Jun-2026 is 45.81.

The latest P/B ratio of Maharashtra Scooters as of 04-Jun-2026 is 0.51.

The 52-week high of Maharashtra Scooters is ₹18,526 and the 52-week low is ₹10,921.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Maharashtra Scooters is ₹313 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Maharashtra Scooters Ltd is a below average quality company.

The key valuation ratios of Maharashtra Scooters Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Maharashtra Scooters Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

About Maharashtra Scooters Ltd

Maharashtra Scooters (MSL) was incorporated on June 11, 1975. The company was facing pricing pressure with respect to manufacture of pressure dies, fixtures and die casting components for the past many years and consequent losses being incurred each year, the Board at its meeting held on July 22, 2024 had decided not to continue the tool room operations of the company at its factory. Further, considering the continuing unviability of manufacturing operations, the company decided to permanently shut manufacturing operations keeping with the company’s main objective of being a Core Investment Company (CIC). Accordingly, after due process, the lease-hold rights in factory land at Satara together with Plant and Machinery were transferred with the approval of the Board on February 21, 2025 for a reasonable consideration.

The company is an Unregistered CIC. As a CIC, a minimum of 90% of its assets stand invested in the Bajaj Group and the balance representing accumulated surpluses, is invested in debt and other instruments with the sole objective of earning a reasonable rate of return whilst protecting the principal. The company is also a subsidiary of Bajaj Holdings and Investment. 

Business area of the company

Maharashtra Scooters operates as a Core Investment Company (CIC) and it is a subsidiary of Bajaj Holdings and Investment. The company's 90% assets stand invested in the Bajaj group.

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