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10 Yrs X-Ray 
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Analyst Note 
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About
Majestic Auto Ltd (MAJESAUT)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500267 NSE: MAJESAUT Business Support | Small Cap | Majestic Auto Share Price
₹361.35 -10.60 (-2.85%)
As on 11-Sep'26 16:59
Majestic Auto Ltd (MAJESAUT)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 500267 NSE: MAJESAUT Business Support | Small Cap | Majestic Auto Share Price
₹361.35 -10.60 (-2.85%)
As on 11-Sep'26 16:59
Key Metrics
Valuation Multiples
Market Cap
₹376 Cr.
Current Price
₹361.4
52-Week Low / High
₹276 / 501
TTM EPS
₹93
TTM Sales
₹20 Cr.
Book Value per Share
₹660.4
P/E Ratio
3.89
Lower than its 5-year historical median
Industry PE
27
Price to Book (P/B)
0.55
Higher than its 5-year historical median
Price to Sales (P/S)
18.79
Higher than its 5-year historical median
EV/EBITDA
5.68
Lower than its 5-year historical median
Dividend Yield
16.6%
Profitability Efficiency
Return on Equity (ROE)
14.51%
Outperforms industry median
Return on Capital Employed (ROCE)
18.89%
Outperforms industry median
Return on Assets (ROA)
11.42%
Operating Profit Margin
16.1%
Net Profit Margin
262.18%
Gross Profit Margin
112%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-16.98%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-83.3%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
955.52%
Asset Quality
Promoter Holding
75.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹676 Cr.
Equity
₹10.4 Cr.
Face Value
₹10
All Time Low / High
₹6.85 / 501.40
Check Before You Invest
Quality
Somewhat GoodValuation
OvervaluedCheck Valuation charts
Price Trend
Weak
Is Majestic Auto Ltd a good quality company?
Majestic Auto Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares 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 Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Majestic Auto Ltd performance compare with that of its Peers?
Revenue growth of Majestic Auto Ltd vs industry peers?
Majestic Auto Ltd revenue CAGR is -9.04%, compared to the industry median CAGR of 0%, indicating slower growth and losing its market share.
Promoter shareholding and pledge status of Majestic Auto Ltd?
Promoters hold 75.00% of the Majestic Auto Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Majestic Auto Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 13.7% 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.
Majestic Auto Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -4.1% | -1.8% | 8% | 4.7% | 3.2% | 2.3% | 2.4% | 10.4% | 0.4% | 23.6% | - |
| Value Creation Index ⓘ | -1.3 | -1.1 | -0.4 | -0.7 | -0.8 | -0.8 | -0.8 | -0.3 | -1.0 | 0.7 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 6.1 | 9 | 81.5 | 32.7 | 20.3 | 17.7 | 20.9 | 48.2 | 24.4 | 20.3 | 14 |
| Sales YoY Gr. | - | 48% | 808.1% | -59.9% | -38% | -12.7% | 18.2% | 130.9% | -49.3% | -17% | - |
| Adj EPS ⓘ | -17.4 | -8.4 | 42.4 | 2.1 | 8.2 | 1.5 | 0.3 | 22.5 | 1.6 | 7.2 | 117.4 |
| YoY Gr. | - | NA | NA | -95% | 285.5% | -82.1% | -83% | 8880% | -92.8% | 344.4% | - |
| BVPS (₹) ⓘ | 376.3 | 396.8 | 364.2 | 295.5 | 401.1 | 388.7 | 386.5 | 568.8 | 554.6 | 632.1 | 648.9 |
| Adj Net Profit ⓘ | -18.1 | -8.7 | 44 | 2.2 | 8.5 | 1.5 | 0.3 | 23.3 | 1.7 | 7.5 | 122 |
| Cash Flow from Ops. ⓘ | 3.8 | 15.1 | 48.6 | 8.2 | 6.1 | -6.1 | 11.7 | 49 | 70.9 | -3.7 | - |
| Debt/CF from Ops. ⓘ | 45 | 7.1 | 1.4 | 5.8 | 6.4 | -6.1 | 2.4 | 0.4 | 0.1 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 14.4% | 0% | -1% | -17% | ||||
| Adj EPS ⓘ | NA | -2.6% | 206.5% | 344.4% | ||||
| BVPSⓘ | 5.9% | 9.5% | 17.8% | 14% | ||||
| Share Price | 13.7% | 24.7% | 24.3% | 4.4% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -6.5 | -2.2 | 11.1 | 0.6 | 2.4 | 0.4 | 0.1 | 4.7 | 0.3 | 1.2 | 18.3 |
| Op. Profit Mgn % ⓘ | -3597 | -1113.5 | 47.2 | 29.9 | 20.9 | 10 | 7.7 | 55.8 | 3.7 | -46.9 | -90.2 |
| Net Profit Mgn % ⓘ | -299.4 | -97.4 | 54.1 | 6.8 | 42.2 | 8.6 | 1.3 | 48.4 | 6.9 | 36.9 | 865.5 |
| Debt to Equity ⓘ | 0.4 | 0.3 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0 | 0 | 0 | - |
| Working Cap Days ⓘ | 3,914 | 2,285 | 202 | 333 | 451 | 569 | 535 | 283 | 642 | 663 | 4,739 |
| Cash Conv. Cycle ⓘ | 1,253 | 455 | 5 | 16 | 55 | 59 | 30 | -1 | 6 | 0 | 4,226 |
Valuation of Majestic Auto - 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 57 | 56 | 117 | 69 | 57 | 49 | 50 | 83 | 64 | 35 |
| Operating Expenses ⓘ + | 240 | 125 | 57 | 26 | 17 | 19 | 25 | 30 | 36 | 31 |
| Operating Profit ⓘ | -184 | -70 | 60 | 43 | 40 | 30 | 25 | 54 | 28 | 5 |
| Operating Profit Margin (%) | -324.0% | -124.0% | 51.3% | 62.2% | 70.4% | 60.9% | 49.8% | 64.5% | 43.7% | 13.2% |
| Other Income ⓘ + | 202 | 94 | 13 | 10 | 13 | 13 | 11 | 34 | 13 | 43 |
| Interest ⓘ | 27 | 23 | 22 | 20 | 17 | 14 | 14 | 14 | 15 | 8 |
| Depreciation ⓘ | 8 | 8 | 7 | 9 | 9 | 9 | 9 | 9 | 9 | 8 |
| Profit Before Tax ⓘ | -17 | -7 | 44 | 24 | 27 | 20 | 14 | 65 | 17 | 125 |
| Tax ⓘ | -7 | -4 | -1 | 45 | 5 | 9 | 9 | 32 | 8 | 32 |
| Profit After Tax | -10 | -3 | 45 | -21 | 22 | 11 | 5 | 33 | 9 | 93 |
| PAT Margin (%) | -18.2% | -4.8% | 38.6% | -30.2% | 38.4% | 21.6% | 9.5% | 39.7% | 13.7% | 262.2% |
| Adjusted EPS (₹) | -10.8 | -3.5 | 41.9 | -15.4 | 19.2 | 8.7 | 3.6 | 30.8 | 6.6 | 88.1 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 39.10% | 0% | 206.10% | 48.70% | 152.80% | 68.10% |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 388 | 416 | 389 | 300 | 421 | 415 | 417 | 615 | 610 | 669 | |
| Debt + | 346 | 276 | 208 | 174 | 157 | 145 | 127 | 125 | 121 | 0 | |
| Minority Interest | 9 | 10 | 12 | 7 | 9 | 10 | 11 | 12 | 14 | 0 | |
| Trade Payables | 34 | 3 | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | |
| Others Liabilities ⓘ | 47 | 53 | 16 | 54 | 77 | 35 | 49 | 101 | 165 | 44 | |
| Total Liabilities ⓘ | 824 | 758 | 628 | 535 | 665 | 607 | 604 | 855 | 912 | 713 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 193 | 360 | 68 | 69 | 67 | 71 | 68 | 71 | 187 | 156 | |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 24 | 7 | |
| Investments ⓘ | 562 | 326 | 530 | 149 | 272 | 211 | 216 | 123 | 330 | 418 | |
| Inventories | 18 | 4 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 0 | |
| Trade Receivables | 32 | 10 | 3 | 3 | 3 | 2 | 0 | 1 | 1 | 0 | |
| Cash Equivalents | 1 | 1 | 4 | 1 | 7 | 1 | 1 | 325 | 49 | 92 | |
| Others Assets ⓘ | 19 | 57 | 20 | 312 | 314 | 319 | 316 | 331 | 320 | 40 | |
| Total Assets ⓘ | 824 | 758 | 628 | 535 | 665 | 607 | 604 | 855 | 912 | 713 | |
| 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 ⓘ + | 24 | 44 | 99 | 40 | 41 | 17 | 32 | 79 | 100 | -7 |
| Cash Flow From Investing Activity ⓘ + | 29 | 58 | -4 | 0 | -2 | 10 | 5 | 282 | -341 | 96 |
| Cash Flow From Financing Activity ⓘ + | -53 | -101 | -91 | -43 | -33 | -33 | -38 | -36 | -34 | -47 |
| Net Cash Flow ⓘ | -1 | -0 | 3 | -3 | 6 | -6 | -0 | 325 | -276 | 42 |
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -3.65 | -0.66 | 11.18 | -6.07 | 6.05 | 2.52 | 1.14 | 6.41 | 1.44 | 14.51 |
| ROCE (%) | 1.51 | 2.22 | 9.94 | 7.89 | 8.07 | 5.82 | 4.77 | 12.03 | 4.21 | 18.89 |
| Asset Turnover Ratio | 0.08 | 0.07 | 0.17 | 0.12 | 0.09 | 0.08 | 0.08 | 0.11 | 0.07 | 0.04 |
| PAT to CFO Conversion(x) | N/A | N/A | 2.2 | N/A | 1.86 | 1.55 | 6.4 | 2.39 | 11.11 | -0.08 |
| Working Capital Days | ||||||||||
| Receivable Days | 185.50 | 137.40 | 20.80 | 16.70 | 18.20 | 17.50 | 7.50 | 1.70 | 3.50 | 0 |
| Inventory Days | 118.70 | 72.80 | 9.30 | 11.30 | 13.90 | 16.70 | 16.50 | 6.40 | 4.40 | 4 |
| Payable Days | 982.40 | 630.70 | 36.80 | 61.30 | 66.10 | 60.20 | 36.80 | 24.90 | 24.70 | 27.10 |
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Majestic Auto Ltd FAQs
The current trading price of Majestic Auto on 11-Sep-2026 16:59 is ₹361.4.
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 10-Sep-2026 the market cap of Majestic Auto stood at ₹375.7 Cr
The latest P/E ratio of Majestic Auto as of 10-Sep-2026 is 3.08.
The latest P/B ratio of Majestic Auto as of 10-Sep-2026 is 0.56.
The 52-week high of Majestic Auto is ₹501.4 and the 52-week low is ₹276.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Majestic Auto is ₹14.11 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Majestic Auto Ltd is a average quality company.
The key valuation ratios of Majestic Auto Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Majestic Auto Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
About Majestic Auto Ltd
Majestic Auto Ltd, a Hero Group company was incorporated in 1972 by O P Munjal. The answer to the rapidly escalating fuel prices in the country came in the form of the Hero Majestic range of mopeds in the year 1978. Within a few years, Hero Majestic was a household name in the country, and by 1983, Majestic Auto was the country's leading manufacturer of mopeds.
Majestic Auto is one of the largest producers of mopeds in the country. Since its inception in 1978, Majestic Auto has grown from catering to home consumers to the ones abroad. Majestic Auto now exports the moped to countries like Africa, North and South America, Europe and the far Middle East.
Hero Majestic mopeds have found great acceptance in the overseas markets, including countries in Africa, North & South America, Europe and the far & Middle East and are homologated in Europe & USA.
To the existing range of five different mopeds viz. Hero Panther, Hero Panther 4S, Hero Gizmo, Hero Stallion 4S and Hero Ankur, Majestic Auto is continuously working to upgrade their performances and to make them absolute environment friendly. The company also manufactures and exports Hero Allegro exerbikes, steppers and joggers, the well accepted market leaders in fitness equipment.
They have diversified their activities in the field of fine blanking, a revolutionary technology, now being accepted all over the world. They have put up a fine blanking unit in 1998. They have started catering services to the leaders in automobile, switchgear, electronics, weapon etc.
Product range of the company includes:
Health Equipments -The company is a leading manufacturers of health equipments, having a wide range of health equipments -- joggers, steppers and twistepro to suit the requirement of people of all ages
Fine Blanked Components- Majestic Auto Limited has put up a fine blanking unit with technical know-how from Feintool, Switzerland. Simultaneously, tremendous stress has been laid on developing latest standard tool room through indigenous development and upgradation of technology through our research and development division.
Mopeds
- Hero Effy
- Hero Panther super 60
- Hero Power
- Hero Student
- Hero Panther
- Hero Gizmo
- Hero Stallion
- Hero Panther 4s dlx
Group Companies:
- Hero Honda Motors Limited
- Hero Cycles Limited
- Hero Cycles Limited (Unit II)
- Hero Cold Rolling Division
- Fastener World
- Hero Motors Limited (Hero Puch)
- Highway Industries Limited
- Munjal Auto Components
- Munjal Showa Limited
- Majestic Auto Limited
- Hero Exports
- Munjal Castings
- Rockman Cycle Industries Limited
- Hero Global Design
- Hero Corporate Service Limited
- Hero Mindmine
- Satyam Auto Components Limited
- Hero ITES
- Munjal eSystems
- Easy Bill Limited
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