Maha Rashtra Apex Corporation
MAHAPEXLTD NSE
Maha Rashtra Apex Corporation
Financial ServicesNSE: MAHAPEXLTD BSE: 523384 Other Financial Services
Key Fundamentals
MicrocapOther Financial ServicesFinancial ServicesMarket Cap
₹154 Cr
Volatility
Moderate
P/E Ratio
-6
EBITDA
₹2.60 Cr
Return on Equity
-1.5%
Debt to Equity
0
Book Value
₹167.82
52W High
₹75.48
52W Low
₹37.25
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
3- Company is almost debt free.
- Stock is trading at 0.34 times its book value
- Promoter holding has increased by 9.03% over last quarter.
Weaknesses
3- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -12.5% over past five years.
- Company has a low return on equity of -3.70% over last 3 years.
Growth Rate
Revenue Growth
-40.51% lower than
3Y
Net Income Growth
-135% lower than
3Y
Cash Flow Change
60.23% lower than
3Y
ROE
-136% lower than
3Y
ROCE
-126% lower than
3Y
EBITDA Margin (Avg.)
-13.34% lower than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.48 | 0.73 | 0.63 | 6.88 | 0.53 | 0.48 | 0.05 | 0.3 | 0.05 | 0.06 | 1.97 | 0.06 | 0.06 |
| Expenses | 0.93 | 0.87 | 90.81 | 1.25 | 1.02 | 9.28 | 13.01 | 0.45 | 0.47 | 31.06 | 0.56 | 5.04 | 0.52 |
| Operating Profit | -0.45 | -0.14 | -90.18 | 5.63 | -0.49 | -8.8 | -12.96 | -0.15 | -0.42 | -31 | 1.41 | -4.98 | -0.46 |
| OPM % | -93.75% | -19.18% | -14314.29% | 81.83% | -92.45% | -1833.33% | -25920% | -50% | -840% | -51666.67% | 71.57% | -8300% | -766.67% |
| Other Income | 0.84 | 3.03 | 0.5 | 414 | 0.79 | 0.84 | 6.31 | 26.56 | 24.3 | 0.32 | 3.83 | 0.43 | 4.07 |
| Interest | 0 | 0 | 0.01 | 0 | 0.01 | 0.01 | 0 | -0.02 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 |
| PBT | 0.38 | 2.88 | -89.7 | 419 | 0.28 | -7.98 | -6.66 | 26.42 | 23.87 | -30.69 | 5.23 | -4.56 | 3.59 |
| Tax % | 0% | 15.62% | 0% | 0.25% | 0% | -0.13% | 2.1% | 15.22% | 0% | 0% | 6.12% | 8.77% | 3.34% |
| Net Profit | 0.38 | 2.42 | -89.7 | 418 | 0.28 | -7.97 | -6.8 | 22.4 | 23.86 | -30.69 | 4.91 | -4.96 | 3.48 |
| EPS in Rs | 0.13 | 0.86 | -31.81 | 148 | 0.1 | -2.83 | -2.41 | 7.94 | 8.46 | -10.88 | 1.74 | -1.76 | 1.23 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2 | 1 | 9 | 10 | 9 | 5 | 8 | 8 | 9 | 9 | 8 | 4 | 2 |
| Expenses | 5 | 3 | 4 | 5 | 5 | 7 | 3 | 9 | 52 | 51 | 3 | 11 | 37 |
| Operating Profit | -3 | -1 | 5 | 5 | 4 | -1 | 5 | -1 | -43 | -41 | 5 | -7 | -35 |
| OPM % | -152% | -97% | 53% | 51% | 45% | -20% | 62% | -8% | -500% | -438% | 63% | -168% | -1629% |
| Other Income | 6 | 3 | 3 | 1 | 7 | 15 | 27 | 3 | 2 | 3 | 19 | 1 | 9 |
| Interest | 3 | 2 | 2 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 0 | 0 | 6 | 5 | 10 | 14 | 32 | 2 | -42 | -39 | 24 | -6 | -26 |
| Tax % | 58% | 60% | 1% | 17% | 0% | 0% | -5% | 30% | 0% | 4% | 17% | 12% | — |
| Net Profit | 0 | 0 | 29 | 54 | 10 | 14 | 34 | 1 | -42 | -40 | 20 | -7 | -27 |
| EPS in Rs | 0.02 | -0.03 | 10.27 | 19.13 | 3.55 | 4.86 | 11.96 | 0.48 | -14.85 | -14.35 | 6.97 | -2.44 | -9.67 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves | -87 | -87 | 23 | 77 | 87 | 101 | 135 | 136 | 99 | 432 | 452 | 445 |
| Borrowings | 10 | 0 | 6 | 6 | 6 | 6 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 143 | 132 | 109 | 105 | 103 | 107 | 111 | 110 | 96 | 87 | 77 | 77 |
| Total Liabilities | 80 | 60 | 152 | 201 | 211 | 228 | 261 | 261 | 209 | 534 | 543 | 536 |
| Fixed Assets | 7 | 7 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 19 | 19 | 139 | 190 | 196 | 209 | 238 | 236 | 188 | 504 | 513 | 503 |
| Other Assets | 54 | 34 | 10 | 8 | 12 | 16 | 19 | 22 | 18 | 27 | 27 | 29 |
| Total Assets | 80 | 60 | 152 | 201 | 211 | 228 | 261 | 261 | 209 | 534 | 543 | 536 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 15 | -1 | 0 | 0 | -2 | 5 | 1 | -2 | -8 | -9 | -4 | -2 |
| Investing | 1 | 1 | 0 | 0 | 6 | 0 | 0 | 1 | 5 | 6 | 1 | 0 |
| Financing | -10 | -11 | 0 | -1 | -1 | -6 | 1 | 1 | 1 | 0 | 6 | 2 |
| Net Cash Flow | 6 | -12 | 0 | -1 | 3 | -1 | 1 | 0 | -2 | -2 | 2 | 0 |
| Free Cash Flow | 15 | -1 | 1 | 0 | -2 | 5 | 1 | -2 | -8 | -9 | -5 | -2 |
| CFO/OP | -492 | 94 | 1 | 6 | -45 | -444 | 39 | 375 | 17 | 21 | -92 | 24 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1,453 | 1,513 | 15 | 16 | 27 | 18 | 8 | 9 | 5 | 8 | 0 | 1 |
| Cash Conversion Cycle | 1,453 | 1,513 | 15 | 16 | 27 | 18 | 8 | 9 | 5 | 8 | 0 | 1 |
| Working Capital Days | -21,343 | -27,216 | -4,730 | -3,952 | -4,142 | -7,176 | -4,515 | -4,571 | -3,675 | -2,747 | -2,865 | -4,768 |
| ROCE % | — | — | — | 8% | 4% | 12% | 23% | 0% | -33% | -15% | 3% | -2% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Maha Rashtra Apex Corporation insights
58 extracted metrics + investor summaries across FY10–FY26.
Documents
1
Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Copy of Newspaper publication for Basis of Allotment of Right shares 2d - Copy of Newspaper publication for Basis of Allotment of Right shares
2
Allotment Of Rights Issue
4 May - Board allotted 1,40,91,896 rights shares at Rs.10, doubling paid-up equity capital. 4 May - Board allotted 1,40,91,896 rights shares at Rs.10, doubling paid-up equity capital.
3
Allotment Of Rights Issue
4 May - Board allotted 1,40,91,896 rights shares at Rs.10, doubling paid-up equity capital. 4 May - Board allotted 1,40,91,896 rights shares at Rs.10, doubling paid-up equity capital.
4
Intimation Of Closure Of Rights Issue
30 Apr - Rights issue of 1,40,91,896 shares aggregating Rs.1,409.18 lakh closed on April 30, 2026. 30 Apr - Rights issue of 1,40,91,896 shares aggregating Rs.1,409.18 lakh closed on April 30, 2026.
5
Intimation Of Closure Of Rights Issue
30 Apr - Rights issue of 1,40,91,896 shares aggregating Rs.1,409.18 lakh closed on April 30, 2026. 30 Apr - Rights issue of 1,40,91,896 shares aggregating Rs.1,409.18 lakh closed on April 30, 2026.
Frequently Asked Questions about Maha Rashtra Apex Corporation
What does Maha Rashtra Apex Corporation Ltd do?
Incorporated in 1943, Maha Rashtra Apex Corporation Ltd is engaged in financial activities and other related services[1]
Where is Maha Rashtra Apex Corporation Ltd (MAHAPEXLTD) listed?
Maha Rashtra Apex Corporation Ltd trades as MAHAPEXLTD on the NSE and under code 523384 on the BSE.
Which sector does Maha Rashtra Apex Corporation Ltd belong to?
Maha Rashtra Apex Corporation Ltd is classified under the Financial Services sector, in the Other Financial Services industry.
What is the market capitalisation of Maha Rashtra Apex Corporation Ltd?
Maha Rashtra Apex Corporation Ltd has a market capitalisation of ₹154.36 Cr, which places it in the Small Cap band.
What is the PE ratio of Maha Rashtra Apex Corporation Ltd?
Maha Rashtra Apex Corporation Ltd trades at a PE ratio of -6.00, against a book value of ₹167.82 per share.
What is the 52-week high and low of Maha Rashtra Apex Corporation Ltd?
Over the last 52 weeks Maha Rashtra Apex Corporation Ltd has traded between ₹37.25 and ₹75.48.
What is the Return on Equity (ROE) of Maha Rashtra Apex Corporation Ltd?
Maha Rashtra Apex Corporation Ltd reported a return on equity of -1.50%. Its debt-to-equity ratio is 0.00.
Company Information
Incorporated in 1943, Maha Rashtra Apex Corporation Ltd is engaged in financial activities and other related services[1]
Website maharashtraapex.com
CEO Mr. Aspi Nariman Katgara C.A., L.L.B.
Employees 19
Listed 1998-01-21
Face Value ₹ 10
Issued Size 1,41,50,100
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