Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: Household & Personal Products | | Maharaja & Speedex Share Price
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: Household & Personal Products | | Maharaja & Speedex Share Price
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|
| Sales | 64.73 | 61.32 | 93.51 | 122.65 |
| Operating Expenses ⓘ + | 63.04 | 58.47 | 82.88 | 100.05 |
| Operating Profit ⓘ | 1.69 | 2.85 | 10.63 | 22.60 |
| Operating Profit Margin (%) | 2.6% | 4.7% | 11.4% | 18.4% |
| Other Income ⓘ + | 0.04 | 0.09 | 0.10 | 0.09 |
| Interest ⓘ | 0.55 | 1.07 | 2.04 | 1.57 |
| Depreciation ⓘ | 0.21 | 0.43 | 1.20 | 1.93 |
| Profit Before Tax ⓘ | 0.97 | 1.45 | 7.49 | 19.19 |
| Tax ⓘ | 0.25 | 0.37 | 1.92 | 3.85 |
| Profit After Tax | 0.72 | 1.08 | 5.57 | 15.34 |
| PAT Margin (%) | 1.1% | 1.8% | 6.0% | 12.5% |
| Adjusted EPS (₹) | 0.6 | 0.9 | 4.3 | 11.9 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 1.86 | 4.97 | 13.52 | 28.86 | |||||||
| Debt + | 7.83 | 16.01 | 17.89 | 26.66 | |||||||
| Minority Interest | 0 | 0 | 0 | 0 | |||||||
| Trade Payables | 5.46 | 4.69 | 11.07 | 20.39 | |||||||
| Others Liabilities ⓘ | 1.03 | 1.18 | 5.03 | 5.90 | |||||||
| Total Liabilities ⓘ | 16.18 | 26.85 | 47.51 | 81.81 | |||||||
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 1.79 | 1.58 | 6.14 | 15.17 | |||||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | |||||||
| Investments ⓘ | 0 | 2.49 | 0 | 0 | |||||||
| Inventories | 5.64 | 12.44 | 20.36 | 36.17 | |||||||
| Trade Receivables | 7.80 | 6.91 | 12.54 | 19.35 | |||||||
| Cash Equivalents | 0.12 | 0.38 | 1.18 | 0.46 | |||||||
| Others Assets ⓘ | 0.82 | 3.04 | 7.30 | 10.66 | |||||||
| Total Assets ⓘ | 16.18 | 26.85 | 47.51 | 81.81 | |||||||
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 0.54 | 2.13 | 2.05 | 3.66 |
| Cash Flow From Investing Activity ⓘ + | -1.70 | -2.68 | -1.65 | -11.61 |
| Cash Flow From Financing Activity ⓘ + | 1.22 | 0.81 | 0.04 | 7.23 |
| Net Cash Flow ⓘ | 0.06 | 0.26 | 0.44 | -0.72 |
| PARTICULARS | Mar'23 | Mar'24 | Mar'25 | Mar'26 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 38.88 | 31.57 | 60.21 | 72.4 | ||||||
| ROCE (%) | 15.48 | 16.27 | 36.2 | 47.67 | ||||||
| Asset Turnover Ratio | 4 | 2.85 | 2.52 | 1.9 | ||||||
| PAT to CFO Conversion(x) | 0.75 | 1.97 | 0.37 | 0.24 | ||||||
| Working Capital Days | ||||||||||
| Receivable Days | 44 | 43.80 | 38 | 47.40 | ||||||
| Inventory Days | 31.80 | 53.80 | 64 | 84.10 | ||||||
| Payable Days | 33.80 | 34.60 | 47 | 83.60 | ||||||


Established in 2006, Maharaja & Speedex India is a drinkware manufacturing and distribution company focused on stainless-steel bottles and allied drinkware products, catering to both retail consumers and institutional customers across India. It is engaged in the manufacturing, branding, marketing and distribution of stainless-steel bottles and value-added drinkware products, with a diversified portfolio designed to address evolving consumer preferences for durable, hygienic and reusable drinkware solutions.
The company’s product portfolio is broadly classified into Standard Products and Novelty Products. Standard Products include stainless steel bottles catering to routine usage, while Novelty Products comprise tumblers, feeding bottles and gym shakers, designed to meet evolving consumer preferences. These products are offered across multiple price points and consumer segments including mass, premium and lifestyle categories, enabling the company to cater to a broad customer base.
In addition to its branded product offerings, the company undertakes original equipment manufacturing (OEM) and private-label manufacturing, providing customized drinkware solutions for corporate gifting programs, institutional buyers and brand partners. These capabilities enable the company to serve both business-to-consumer (B2C) and business-to-business. The company operates an integrated, asset-backed business model supported by in-house manufacturing capabilities, with its manufacturing operations primarily undertaken through its subsidiary. This structure enables the Company to maintain effective control over product quality, production processes and product development.
Business area of the company
The company is engaged in the manufacturing, branding, marketing, and distribution of stainless-steel bottles and value-added drinkware products.
Products of the company
Awards, accreditations and recognition
Recognized by the Bureau of India Standard for securing the first All India Licence for the stainless Steel Feeding Bottles for Infants (IS 18880:2023).
History and milestones