Maha Rashtra Apex Corporation
Financial Services
MAHAPEXLTD NSE
₹49.24 No trade today
- P/E
- Not meaningful: loss-making over the last twelve months
Close 4 Nov 2026 ₹49.24 −19.21 −28.1% since 19 Mar 2026
Start ₹68.45
Key Fundamentals
MicrocapFinanceFinancial ServicesPrice-based figures as of · EPS basis: Consolidated · TTM
- ROCE
- −1.51%
- Debt to Equity
- 0.00
- EPS (TTM)
- −₹9.67
- Book Value
- ₹167.82
- Market Cap
- —
- P/E (TTM)
- Not meaningful: loss-making over the last twelve months
- P/B
- 0.29
- ROE
- −1.69%
- Dividend Yield
- 0.00%
- EBITDA
- ₹2.60 Cr
- 52W High
- ₹139.94
- 52W Low
- ₹42.00
- Volume
- 0
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
56 Good
Data confidence 91/100
surveillance:ASM1
Category scores
- Quality
- 76
- Strong
- Returns, margins, earnings quality 22% weight
- Valuation
- 59
- Good
- Cheap vs sector & own history 24% weight
- Growth
- 96
- Strong
- Sales & profit trajectory 9% weight
- Financial Health
- 73
- Strong
- Solvency, leverage, coverage 9% weight
- Momentum
- 34
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 50
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
3- Company is almost debt free.
- Stock is trading at 0.31 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.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Bullish | 5 | 8 | 6 |
| Oscillators | Bullish | 1 | 6 | 2 |
| Moving Averages | Neutral | 4 | 2 | 4 |
Oscillators
Bullish
Bearish
1
Neutral
6
Bullish
2
Overall
Bullish
Bearish
5
Neutral
8
Bullish
6
Moving Averages
Neutral
Bearish
4
Neutral
2
Bullish
4
Key readings
- RSI (14)
- 49.75
- Neutral
- MACD (12,26,9)
- −0.97
- Bullish
- SMA (50)
- 51.95
- Bearish
- SMA (200)
- —
- Neutral
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | +14.87% |
|---|---|
| 5Y | −12.94% |
| 3Y | −23.69% |
| 1Y | −50.00% |
| TTM | +144.32% |
Net profit
| 10Y | Turned to loss |
|---|---|
| 5Y | Turned to loss |
| 3Y | Loss narrowed by ₹35 Cr |
| 1Y | Turned to loss |
| TTM | Turned to loss |
Operating cash flow
| 10Y | Outflow widened by ₹1 Cr |
|---|---|
| 5Y | Turned negative |
| 3Y | Outflow narrowed by ₹6 Cr |
| 1Y | Outflow narrowed by ₹2 Cr |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | −75.00 pp |
|---|---|
| 5Y | −237.50 pp |
| 3Y | +302.78 pp |
| 1Y | −237.50 pp |
| TTM | Tiny sales |
Revenue by year
| Mar 2017 | ₹9.00 Cr |
|---|---|
| Mar 2018 | ₹10.00 Cr |
| Mar 2019 | ₹9.00 Cr |
| Mar 2020 | ₹5.00 Cr |
| Mar 2021 | ₹8.00 Cr |
| Mar 2022 | ₹8.00 Cr |
| Mar 2023 | ₹9.00 Cr |
| Mar 2024 | ₹9.00 Cr |
| Mar 2025 | ₹8.00 Cr |
| Mar 2026 | ₹4.00 Cr |
Net profit by year
| Mar 2017 | ₹29.00 Cr |
|---|---|
| Mar 2018 | ₹54.00 Cr |
| Mar 2019 | ₹10.00 Cr |
| Mar 2020 | ₹14.00 Cr |
| Mar 2021 | ₹34.00 Cr |
| Mar 2022 | ₹1.00 Cr |
| Mar 2023 | −₹42.00 Cr |
| Mar 2024 | −₹40.00 Cr |
| Mar 2025 | ₹20.00 Cr |
| Mar 2026 | −₹7.00 Cr |
Quarterly Results
₹ Cr| 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% | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | 81.83% | −92.45% | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | −50% | −840% | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | 71.57% | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | −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 (₹) | 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
₹ Cr| 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% | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. |
| 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 (₹) | 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
₹ Cr| 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
₹ Cr| 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 | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number. | −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 across FY10–FY27.
Documents
- 13 Aug 2026
- General announcements 5 Oct 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
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 52-week high and low of Maha Rashtra Apex Corporation Ltd?
Over the last 52 weeks Maha Rashtra Apex Corporation Ltd has traded between ₹42 and ₹139.94 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Maha Rashtra Apex Corporation Ltd?
Maha Rashtra Apex Corporation Ltd reported a return on equity of -1.69%. 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
Website maharashtraapex.com
CEO Mr. Aspi Nariman Katgara C.A., L.L.B.
Employees 19
Listed 21 Jan 1998
Face Value ₹10
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