What is CAGR? What does CAGR table indicate for Maharashtra Scooters Ltd?

Compounded average growth rate (CAGR) measures the average annual growth rate compounded year-on-year over a period of time.

Maharashtra Scooters Ltd Stock Analysis

Small Cap

Evaluated by 744 users | BSE: 500266 | NSE: MAHSCOOTER |
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Maharashtra Scooters (MSL) was incorporated on June 11, 1975. It holds 3.35% stake in Bajaj Auto in addition to 4.88% stake in Bajaj Auto Finance. It is a joint sector enterprise promoted by Western Maharashtra Development Corporation (27%) and Bajaj Auto (24%). The company assembled geared...

10 Year X-Ray

Standalone basis Standalone basis P Consolidated basis

Analysis of Financial Track Record

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

What is a Financial Track Record? How to read this chart in order to understand the data present here?

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 performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20
Return on Capital Employed	10.3%	15.63%	21.88%	20.02%	20.86%	35.19%	0.37%	0.8%	0.74%	1.84%

Growth Parameters	Growth Parameters Colour Code Guide

Net Sales (Rs. Cr.)	6.2	6.7	6.7	4.2	7	9	8.5	12.3	14.5	15.4
Y-o-Y Gr. Rt.	-	7.7%	0.3%	-37.6%	66.5%	28.9%	-5.2%	45.1%	17.6%	6.1%
Adjusted EPS (Rs.)	18.52	28.23	40.89	40.59	44.82	86.86	11.14	51.8	63.18	157.16
Y-o-Y Gr. Rt.	-	52.4%	44.9%	-0.7%	10.4%	93.8%	-87.2%	365%	22%	148.8%
Book Value per Share (Rs.)	184.03	177.18	196.52	208.92	220.73	272.99	5,733.41	7,197.09	9,907.79	7,184.41
Adjusted Net Profit	21.2	32.3	46.7	46.4	51.2	99.3	12.7	59.2	72.2	180
Net Op. Cash Flow (Rs. Cr.)	-12.2	-45.4	-7.6	-5.7	-10.1	-8	-33.3	0.7	0.7	-7
Debt to Cash Flow from Ops	0	0	0	0	0	0	0	0	0	0

Difference between Standalone Basis and Consolidated basis? Which method is preferred for Maharashtra Scooters Ltd. ?

Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.

Maharashtra Scooters Ltd. should be analysed on a Standalone basis

CAGR CAGR Colour Code Guide

	9 yrs	5 yrs	3 yrs	1 yr
Net Sales	10.6%	17.2%	21.9%	6.1%
Adjusted EPS	26.8%	28.5%	141.6%	148.8%
Book Value per Share	50.3	100.7	7.8	-27.5
Share Price	31.2%	23.1%	12.4%	51.6%

Key Financial Parameter	Performance Ratio Colour Code Guide

	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20
Return on Equity (%)	10.3	15.63	21.88	20.02	20.86	35.19	0.37	0.8	0.74	1.84
Operating Profit Margin (%)	-207.33	-168.73	-50.37	-115.26	-72.44	-71.61	-68.8	-62.1	-37.76	-33.22
Net Profit Margin (%)	341.58	483.11	697.55	1110.05	736.42	1106.2	149.82	480.24	498.12	1168.14
Debt to Equity	0	0	0	0	0	0	0	0	0	0
Working Capital Days	656	792	970	1,495	1,129	1,338	1,344	689	442	350
Cash Conversion Cycle	37	58	91	152	114	115	110	105	115	147

Management X-Ray

Shareholding Pattern

Entity	Percentage Holding
Promoters	51.00%
Institutions	7.68%
Non-Institutions	41.32%

Promoter's Holding & Share Pledging

Pledged ^*

0.00

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

FAQs

1. Is Maharashtra Scooters Ltd a good quality company?

MoneyWorks4Me analysed the past 10-year performance of Maharashtra Scooters Ltd and arrived at the following conclusion:

Past 10 year's financial track record indicates that Maharashtra Scooters Ltd is a good quality company. However, for specific investment actions please connect with your investment advisor.

2. Is current market price of Maharashtra Scooters Ltd a good price to buy it?

The 5-year analysis of Maharashtra Scooters Ltd's performance infers:

Maharashtra Scooters Ltd earnings have grown by 28.5%, whereas share price has appreciated 23.1% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

3. What is Maharashtra Scooters Ltd share price return in the past 10 years ?

We analysed the performance of Maharashtra Scooters Ltd share prices over the last 10 years. Here is what we found out:

Maharashtra Scooters Ltd share price has appreciated 26% annually over the past ten years.

About Company

The company assembled geared scooters, but due to non-availability of CKD packs from Bajaj Auto, the company stopped production of geared scooters in April 2006. MSL has managerial and technical agreement with Bajaj Auto for production of scooters. Scooter brands included Chetak, Super and Priya. The company has its plants in Waluj and Akurdi.

The registered office of the company is at Bajaj Auto, Mumbai-Pune Road, Akurdi, Pune-411035, Maharashtra.

Milestones

1975 - The company was incorporated on June 11, at Pune.
1975 - The company entered into two agreements with Bajaj Auto, one for the preparation of the project report and another for technical know-how and assistance.
1975 - The technical know-how agreement was to be in force for a period of 10 years from the date of commencement of operations or till the company achieved a total production of 3,00,000 scooters whichever is later. Under the agreement, Bajaj Auto, agreed to supply to the company components at reasonable prices which was understood to be lower than the dealer prices for the said components in the replacement market.
1985 - The installed capacity was increased from 73,000 to 87,000 motorized two-wheelers up to 350cc engine capacity.
1986 - An application was made for further enhancement of its licensed capacity from 87,000 to 2,00,000 numbers of motorized two-wheelers and three-wheelers up to 350cc engine capacity, under the scheme of re-endorsement of industrial capacity with reference to the minimum economic scales of operation announced by the Government.
1986 - The company renewed its technical agreement with Bajaj Auto, for a further period of ten years from January 1, 1998.
1990 - During the year, commercial manufacture of Bajaj Super Scooters for which a technical know-how agreement was entered into with Bajaj Auto, on terms and conditions similar to the agreement for manufacture of Priya Scooters.
1996 - The company renewed its technical know-how agreement with Bajaj Auto for a further period of 10 years as similar terms. Company also entered into a protocol agreement with both the promoters of the company i.e. Bajaj Auto and Western Maharashtra Development Corporation.
2000 - Bajaj Auto offered to buy out the Maharashtra governmentâ€™s entire 27 per cent holding in this scooter manufacturing joint venture Maharashtra Scooters (MSL).
2000 - The company introduced five-day working week at its plant in Satara due to recession in the scooter segment.
2000 - Maharashtra Scooters, Satara, were presented the R J Rathi Award for Environment Pollution Control.
2001 - Bajaj Auto has evinced interest to purchase the 27 per cent equity stake in Maharashtra Scooters
2002 - Maharashtra government has formed a committee headed by chief secretary Ajit Nibalkar to speed up strategic sale of its stake in Maharashtra Scooters.

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