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Maha Rashtra Apex Corporation Ltd (MAHAPEXLTD)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523384 NSE: MAHAPEXLTD Finance - Investment | Small Cap | Maha Rashtra Apex Share Price
₹56 0.52 (0.94%)
As on 22-Sep'26 12:36
Maha Rashtra Apex Corporation Ltd (MAHAPEXLTD)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523384 NSE: MAHAPEXLTD Finance - Investment | Small Cap | Maha Rashtra Apex Share Price
₹56 0.52 (0.94%)
As on 22-Sep'26 12:36
Key Metrics
Valuation Multiples
Market Cap
₹156 Cr.
Current Price
₹56
52-Week Low / High
₹38 / 75
TTM EPS
₹-9.7
Book Value per Share
₹168.2
P/E Ratio
0.00
Lower than its 5-year historical median
Industry PE
56.7
Price to Book (P/B)
0.33
Lower than its 5-year historical median
EV/EBITDA
59.08
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
-1.49%
Underperforms industry median
Return on Capital Employed (ROCE)
-1.33%
Underperforms industry median
Return on Assets (ROA)
-1.27%
Underperforms industry median
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Net Interest Income Growth (1 Year)
Improving versus 3-year growth rate
386.36%
Book Value Growth (1 Year)
Slowing versus 3-year growth rate
81.69%
Asset Quality
Gross NPA(%)
0.00%
Net NPA(%)
0.00%
TTM Sales
₹2.2 Cr.
Reserves
₹446 Cr.
Equity
₹28.2 Cr.
Face Value
₹10
All Time Low / High
₹0.18 / 145.50
Check Before You Invest
Quality
Not GoodValuation
UndervaluedCheck Valuation charts
Price Trend
Semi Strong
Is Maha Rashtra Apex Corporation Ltd a good quality company?
Maha Rashtra Apex Corporation 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.
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.
How does Maha Rashtra Apex Corporation Ltd performance compare with that of its Peers?
AUM Growth of Maha Rashtra Apex Corporation Ltd vs Industry Peers?
Maha Rashtra Apex Corporation Ltd AUM CAGR is 15.48%, compared to the 5-year industry median CAGR of 9.58%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Maha Rashtra Apex Corporation Ltd?
Promoters hold 71.57% of the Maha Rashtra Apex Corporation Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Maha Rashtra Apex Corporation Ltd over the last decade?
Over the last 9 years, the stock has delivered a CAGR of 19% based on the current price.
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 endData 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.
Maha Rashtra Apex Corporation Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Income (₹ Cr.) | 0.5 | 0.7 | 0.2 | 1 | 1.1 | 1.6 | 0.2 | 6.7 | 0.4 | 2.1 | 2 | |
| YoY Gr. Rt. % | - | 48.6% | -75.9% | 492.7% | 10.2% | 52% | -90.2% | 4078.1% | -93.4% | 385.5% | - | |
| Adj EPS (₹ ) | 1.7 | 1.5 | 2.4 | -0.3 | 3 | 2 | 2 | 3 | 4.5 | 1.9 | 0.8 | |
| YoY Gr. Rt. % | - | -11.6% | 57.9% | -111.7% | NA | -34.2% | 1% | 46% | 51.9% | -56.9% | - | |
| BVPS (₹ ) | 12.7 | 32.6 | 35.1 | 40.5 | 53.3 | 53.5 | 39.3 | 166.2 | 172.4 | 313.3 | 162 | |
| YoY Gr. Rt. % | - | 156.3% | 7.6% | 15.4% | 31.7% | 0.5% | -26.7% | 323.2% | 3.8% | 81.7% | - | |
| To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ | ||||||||||||
| Net Profit/Total Funds (%) | 4.3 | 2.3 | 3.2 | -0.4 | 3.4 | 2.1 | 2.3 | 2.1 | 2.2 | 0.5 | 0 | |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 18.6% | 14.7% | 137.4% | 385.5% | ||||
| Adj EPS | 1.3% | -8.7% | -1.5% | -56.9% | ||||
| BVPS | 42.8% | 42.5% | 99.8% | 81.7% | ||||
| Share Price | 19.8% | 3.5% | -8.2% | -1.2% | ||||
Key Financial Ratios
| RATIOS \ YEARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||||||
| Net Profit Margin (%) | 974.6 | 578.9 | 3802.2 | -76 | 736.8 | 318.9 | 3294.1 | 115.1 | 2654.1 | 126.8 | 99.6 | |
| Performance Ratios | To view Performance Ratios Colour Rating Guide click here ⓘ | |||||||||||
| Return on Equity (%) | 0 | 6.7 | 7.1 | -0.8 | 6.5 | 3.8 | 4.3 | 2.9 | 2.7 | 0.6 | 0.5 | |
Valuation of Maha Rashtra Apex - Consolidated
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income + | 9 | 10 | 10 | 20 | 34 | 4 | -38 | 335 | 16 | -5 |
| Exceptional Items ⓘ | 7 | 7 | 7 | 16 | 31 | 1 | -40 | 326 | 14 | -7 |
| Expenditure ⓘ + | 6 | 6 | 6 | 7 | 3 | 4 | 5 | 4 | 3 | 2 |
| Exceptional Items ⓘ | 2 | 1 | 6 | 0 | 1 | 1 | 1 | 2 | 11 | 1 |
| Profit Before Tax ⓘ | 6 | 5 | 10 | 14 | 32 | 2 | -42 | 333 | 24 | -6 |
| Taxes ⓘ | 0 | 1 | -0 | 0 | -2 | 1 | 0 | 2 | 4 | 1 |
| Profit After Tax | 6 | 4 | 10 | 14 | 34 | 1 | -42 | 331 | 20 | -7 |
| Adjusted EPS (₹) | 11.1 | 20.6 | 3.8 | 5.3 | 12.9 | 0.5 | -16.0 | 127.0 | 7.5 | -4.9 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Equity Capital + | 37 | 91 | 101 | 115 | 149 | 150 | 113 | 446 | 466 | 459 |
| Short term borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Liabilities | 82 | 74 | 76 | 80 | 112 | 110 | 63 | 55 | 44 | 44 |
| Trade Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 33 | 35 | 33 | 33 | -0 | -0 | 33 | 33 | 33 | 33 |
| Total Liabilities ⓘ | 152 | 201 | 211 | 228 | 261 | 260 | 209 | 534 | 543 | 536 |
Assets | ||||||||||
| Non Current Asset + | 146 | 197 | 202 | 216 | 245 | 242 | 195 | 517 | 522 | 512 |
| Current Asset + | 6 | 4 | 8 | 12 | 15 | 18 | 14 | 17 | 21 | 24 |
| Total Assets ⓘ | 152 | 201 | 211 | 228 | 261 | 260 | 209 | 534 | 543 | 536 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | -0 | 0 | -2 | 5 | 1 | -2 | -8 | -9 | -4 | -2 |
| Cash Flow From Investing Activity ⓘ | -0 | -0 | 6 | -0 | -0 | 1 | 5 | 6 | 1 | -0 |
| Cash Flow From Financing Activity ⓘ | -0 | -1 | -1 | -6 | 1 | 1 | 1 | 0 | 6 | 2 |
| Net Cash Flow ⓘ | -0 | -1 | 3 | -1 | 1 | -0 | -2 | -2 | 2 | -0 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
Operational & Financial Ratios | ||||||||||
| EPS (₹) | 20.60 | 38.20 | 7.10 | 9.70 | 23.90 | 1 | -29.70 | 235.20 | 14 | -4.90 |
| DPS (₹) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| BVPS (₹) | 26.3 | 64.4 | 71.9 | 81.7 | 105.6 | 106.7 | 80.1 | 316.4 | 330.6 | 325.7 |
Performance Ratios | ||||||||||
| ROA (%) | 5.5 | 2.2 | 4.9 | 6.3 | 13.8 | 0.5 | -17.9 | 89.3 | 3.7 | -1.3 |
| ROE (%) | 0.0 | 6.0 | 10.4 | 12.7 | 25.6 | 0.9 | -31.8 | 118.6 | 4.3 | -1.5 |
| ROCE (%) | 0.0 | 9.5 | 11.5 | 13.0 | 24.4 | 1.3 | -31.7 | 119.1 | 5.2 | -1.3 |
Valuation Parameters | ||||||||||
| Price/Book(x) | 3.2 | 2.3 | 1.7 | 0.9 | 0.6 | 0.9 | 1.1 | 0.4 | 0.3 | 0.2 |
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Maha Rashtra Apex Corporation Ltd FAQs
The current trading price of Maha Rashtra Apex on 22-Sep-2026 12:36 is ₹56.00.
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 21-Sep-2026 the market cap of Maha Rashtra Apex stood at ₹156.4 Cr
The latest P/E ratio of Maha Rashtra Apex as of 21-Sep-2026 is 73.07.
The latest P/B ratio of Maha Rashtra Apex as of 21-Sep-2026 is 0.34.
The 52-week high of Maha Rashtra Apex is ₹75.04 and the 52-week low is ₹37.79.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Maha Rashtra Apex is ₹2.15 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Maha Rashtra Apex Corporation Ltd is a below average quality company.
The key valuation ratios of Maha Rashtra Apex Corporation Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Maha Rashtra Apex Corporation Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
About Maha Rashtra Apex Corporation Ltd
Maha Rashtra Apex Corporation, a non-banking finance company was incorporated in April 1943 as Maharashtra Apex Bank. In 1955, all its branches were transferred to Canara Industrial and Banking Syndicate. Post which the company was changed to a hire-purchase company and accordingly its name was changed to the present one.
The main activities of the company are lease and hire purchase, automobile financing, bill discounting, corporate finance, etc. ICDS, Manipal Finance Corporation, Canara Steel and Karnataka Consumer Products are its group companies.
It plans to diversify into merchant banking, OTCEI dealership, stock exchange membership, money changing business, mutual funds, etc.
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