Maha Rashtra Apex Corporation Ltd.
•₹ 61.134.34%
2026-08-21
PROS
- Company has a healthy return on capital (ROCE) of 41.0%
- Company has a good return on equity (ROE) track record: 3 Years ROE 40.5%
- Promoters have been increasing their shareholding - up 9.0pp over 2 years
CONS
- Company is loss-making at the operating / net level
- Recent results are weak - TTM profit is down 153.6% versus prior year
- Company's sales have been declining over the last five years
- Operating margins have contracted to 2.3% from 193.0%
- Free cash flow has been persistently negative
- Recurring exceptional / one-off items are inflating headline profit
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | BAJAJFINSV | 2010.00 | 31.74 | 322014.33 | 0.07 | 6296.67 | 18.15 | 42036.90 | 92.22 | 11.88 | 40.79 |
| 2. | AIIL | 549.85 | 22.26 | 46694.66 | 0.00 | 11082.20 | 1075.19 | 14695.40 | 1109.37 | 30.27 | 88.91 |
| 3. | CHOLAHLDNG | 1558.35 | 10.96 | 29262.30 | 0.08 | 1788.99 | 42.04 | 11113.57 | 42.92 | 10.52 | 57.53 |
| 4. | TVSHLTD | 13946.95 | 14.32 | 28217.61 | 0.62 | 1173.58 | 73.77 | 17076.18 | 40.01 | 19.39 | 16.25 |
| 5. | CGCL | 226.40 | 19.32 | 21783.17 | 0.09 | 353.38 | 102.04 | 1576.47 | 62.12 | 11.18 | 68.54 |
| 6. | MAHSCOOTER | 13359.10 | 0.00 | 15267.54 | 1.65 | 3.32 | -90.61 | 5.41 | -81.52 | 1.06 | 84.10 |
| 7. | JSWHL | 11370.60 | 91.87 | 12620.94 | 0.00 | 24.54 | -92.74 | 34.58 | 14.97 | 0.58 | 92.45 |
| 8. | JMFINANCIL | 126.45 | 11.63 | 12100.76 | 2.57 | 368.57 | -19.66 | 1200.53 | 9.69 | 11.91 | 58.30 |
| 9. | TSFINV | 414.70 | 18.92 | 9210.65 | 2.69 | 124.95 | -92.11 | 305.57 | 102.23 | 3.47 | 53.35 |
| 10. | RELIGARE | 230.10 | 144.40 | 7932.32 | 0.00 | -46.98 | -674.86 | 2353.40 | 1051.76 | 11.46 | -2.08 |
| 11. | KAMAHOLD | 2440.10 | 8.41 | 7830.42 | 1.70 | 584.02 | 10.80 | 4657.56 | 7.07 | 20.86 | 22.01 |
| 12. | MAHAPEXLTD | 56.00 | 0.00 | 157.83 | 0.00 | 34.76 | -85.43 | 0.60 | 1100.00 | -1.33 | 3235.00 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 1 | 1 | 7 | 1 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 1 | |
| 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 1 | 1 | 5 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 0 | 1 | 0 | 0 | 0 | 0 | 6 | 0 | 2 | 0 | 0 | 0 | 15 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| -0 | 2 | 0 | 7 | -0 | 0 | 6 | 10 | 1 | -0 | 2 | -0 | 36 | |
| Tax % | -0.00% | 19.48% | 0.00% | 15.66% | -0.00% | -2.78% | 2.35% | 40.32% | 0.00% | -0.00% | 15.46% | -571.43% | 3.42% |
| Net Profit | 0 | 0 | 0 | 0 | 120 | -80 | -68 | 224 | 239 | -307 | 49 | -50 | 35 |
| 0 | 2 | -6 | 297 | 9 | -6 | -5 | 16 | 17 | 1 | 3 | -4 | 1 | |
| Equity Capital | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 282 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 282 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 0
- 1
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- -0
- Tax %
- -0.00%
- Net Profit
- 0
- 0
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 1
- 1
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- 2
- Tax %
- 19.48%
- Net Profit
- 0
- 2
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 1
- 1
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 0
- Tax %
- 0.00%
- Net Profit
- 0
- -6
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 7
- 1
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 7
- Tax %
- 15.66%
- Net Profit
- 0
- 297
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 1
- 1
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- -0
- Tax %
- -0.00%
- Net Profit
- 120
- 9
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 0
- 1
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 0
- Tax %
- -2.78%
- Net Profit
- -80
- -6
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 0
- 0
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 0
- Depreciation
- 0
- 6
- Tax %
- 2.35%
- Net Profit
- -68
- -5
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 0
- 0
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- -0
- Depreciation
- 0
- 10
- Tax %
- 40.32%
- Net Profit
- 224
- 16
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 0
- 0
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 0
- Depreciation
- 0
- 1
- Tax %
- 0.00%
- Net Profit
- 239
- 17
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 0
- 1
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- -0
- Tax %
- -0.00%
- Net Profit
- -307
- 1
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 2
- 1
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 2
- Tax %
- 15.46%
- Net Profit
- 49
- 3
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 0
- 1
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- -0
- Tax %
- -571.43%
- Net Profit
- -50
- -4
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 1
- 5
- Operating Profit
- —
- OPM %
- —
- Other Income
- 15
- Interest
- 0
- Depreciation
- 0
- 36
- Tax %
- 3.42%
- Net Profit
- 35
- 1
- Equity Capital
- 282
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 282
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2 | 3 | 3 | 4 | 3 | 4 | 2 | 9 | 1 | 2 | 3 | |
| 4 | 5 | 5 | 7 | 3 | 4 | 5 | 4 | 3 | 2 | 7 | |
| Operating Profit | 5 | 5 | 5 | -1 | 5 | 5 | 4 | 7 | 5 | 3 | — |
| OPM % | 225 | 155 | 160 | -21 | 178 | 116 | 193 | 80 | 375 | 124 | — |
| Other Income | 7 | 7 | 7 | 2 | 6 | 4 | 7 | 2 | 7 | 3 | 16 |
| Interest | 2 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 6 | 5 | 10 | 14 | 32 | 2 | -42 | 333 | 24 | -6 | 38 | |
| Tax % | 1 | 17 | -0 | 0 | -5 | 30 | -0 | 0 | 17 | -12 | 5 |
| Net Profit | 6 | 4 | 10 | 14 | 34 | 1 | -42 | 331 | 20 | -7 | 36 |
| EPS | 21 | 38 | 7 | 10 | 24 | 1 | -30 | 235 | 14 | -5 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 23 | 50 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -8 |
| Adjusted EPS | 11 | 21 | 4 | 5 | 13 | 1 | -16 | 127 | 8 | -5 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 23 | 50 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -8 |
| Adjusted EPS | 11 | 21 | 4 | 5 | 13 | 1 | -16 | 127 | 8 | -5 | — |
Mar 2017
- 2
- 4
- Operating Profit
- 5
- OPM %
- 225
- Other Income
- 7
- Interest
- 2
- Depreciation
- 0
- 6
- Tax %
- 1
- Net Profit
- 6
- EPS
- 21
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 23
- Adjusted EPS
- 11
- Minority Interest
- 0
- Share of Associates
- 23
- Adjusted EPS
- 11
Mar 2018
- 3
- 5
- Operating Profit
- 5
- OPM %
- 155
- Other Income
- 7
- Interest
- 1
- Depreciation
- 0
- 5
- Tax %
- 17
- Net Profit
- 4
- EPS
- 38
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 50
- Adjusted EPS
- 21
- Minority Interest
- 0
- Share of Associates
- 50
- Adjusted EPS
- 21
Mar 2019
- 3
- 5
- Operating Profit
- 5
- OPM %
- 160
- Other Income
- 7
- Interest
- 1
- Depreciation
- 0
- 10
- Tax %
- -0
- Net Profit
- 10
- EPS
- 7
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2020
- 4
- 7
- Operating Profit
- -1
- OPM %
- -21
- Other Income
- 2
- Interest
- 0
- Depreciation
- 0
- 14
- Tax %
- 0
- Net Profit
- 14
- EPS
- 10
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
Mar 2021
- 3
- 3
- Operating Profit
- 5
- OPM %
- 178
- Other Income
- 6
- Interest
- 0
- Depreciation
- 0
- 32
- Tax %
- -5
- Net Profit
- 34
- EPS
- 24
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 13
Mar 2022
- 4
- 4
- Operating Profit
- 5
- OPM %
- 116
- Other Income
- 4
- Interest
- 0
- Depreciation
- 0
- 2
- Tax %
- 30
- Net Profit
- 1
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2023
- 2
- 5
- Operating Profit
- 4
- OPM %
- 193
- Other Income
- 7
- Interest
- 0
- Depreciation
- 0
- -42
- Tax %
- -0
- Net Profit
- -42
- EPS
- -30
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -16
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -16
Mar 2024
- 9
- 4
- Operating Profit
- 7
- OPM %
- 80
- Other Income
- 2
- Interest
- 0
- Depreciation
- 0
- 333
- Tax %
- 0
- Net Profit
- 331
- EPS
- 235
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 127
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 127
Mar 2025
- 1
- 3
- Operating Profit
- 5
- OPM %
- 375
- Other Income
- 7
- Interest
- 0
- Depreciation
- 0
- 24
- Tax %
- 17
- Net Profit
- 20
- EPS
- 14
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 8
Mar 2026
- 2
- 2
- Operating Profit
- 3
- OPM %
- 124
- Other Income
- 3
- Interest
- 0
- Depreciation
- 0
- -6
- Tax %
- -12
- Net Profit
- -7
- EPS
- -5
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -5
TTM
- 3
- 7
- Operating Profit
- —
- OPM %
- —
- Other Income
- 16
- Interest
- 0
- Depreciation
- 0
- 38
- Tax %
- 5
- Net Profit
- 36
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- -8
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- -8
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 15%
- 5 Years:
- -7%
- 3 Years:
- 0%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- 17%
- 5 Years:
- 0%
- 3 Years:
- -8%
- 1 Year:
- 3%
RETURN ON EQUITY
- 10 Years:
- 15%
- 5 Years:
- 18%
- 3 Years:
- 40%
- Last Year:
- -1%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| 23 | 77 | 87 | 101 | 135 | 136 | 99 | 432 | 452 | 445 | |
| 115 | 110 | 109 | 113 | 111 | 109 | 96 | 88 | 77 | 77 | |
| Total Liabilities | 152 | 201 | 211 | 228 | 261 | 260 | 209 | 534 | 543 | 536 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 139 | 190 | 196 | 209 | 238 | 236 | 188 | 504 | 513 | 503 | |
| 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cash & Bank | 3 | 2 | 5 | 4 | 5 | 5 | 3 | 1 | 3 | 3 |
| 9 | 8 | 8 | 14 | 17 | 19 | 18 | 28 | 27 | 30 | |
| Total Assets | 152 | 201 | 211 | 228 | 261 | 260 | 209 | 534 | 543 | 536 |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Working Capital | -77 | -70 | -68 | -68 | -96 | -92 | -49 | -38 | -23 | -21 |
| Contingent Liabilities | 3 | 3 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book Value per Share | 26.28 | 64.42 | 71.94 | 81.68 | 105.64 | 106.70 | 80.13 | 316.43 | 330.55 | 325.65 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Working Capital | -77 | -70 | -68 | -68 | -96 | -92 | -49 | -38 | -23 | -21 |
| Contingent Liabilities | 3 | 3 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book Value per Share | 26.28 | 64.42 | 71.94 | 81.68 | 105.64 | 106.70 | 80.13 | 316.43 | 330.55 | 325.65 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2017
- Equity Capital
- 14
- 23
- 115
- Total Liabilities
- 152
- 0
- 139
- 0
- Cash & Bank
- 3
- 9
- Total Assets
- 152
- Total Debt
- 0
- Net Working Capital
- -77
- Contingent Liabilities
- 3
- Book Value per Share
- 26.28
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- -77
- Contingent Liabilities
- 3
- Book Value per Share
- 26.28
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 14
- 77
- 110
- Total Liabilities
- 201
- 0
- 190
- 0
- Cash & Bank
- 2
- 8
- Total Assets
- 201
- Total Debt
- 0
- Net Working Capital
- -70
- Contingent Liabilities
- 3
- Book Value per Share
- 64.42
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- -70
- Contingent Liabilities
- 3
- Book Value per Share
- 64.42
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 14
- 87
- 109
- Total Liabilities
- 211
- 0
- 196
- 1
- Cash & Bank
- 5
- 8
- Total Assets
- 211
- Total Debt
- 0
- Net Working Capital
- -68
- Contingent Liabilities
- 3
- Book Value per Share
- 71.94
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- -68
- Contingent Liabilities
- 3
- Book Value per Share
- 71.94
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 14
- 101
- 113
- Total Liabilities
- 228
- 0
- 209
- 0
- Cash & Bank
- 4
- 14
- Total Assets
- 228
- Total Debt
- 0
- Net Working Capital
- -68
- Contingent Liabilities
- 0
- Book Value per Share
- 81.68
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- -68
- Contingent Liabilities
- 0
- Book Value per Share
- 81.68
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 14
- 135
- 111
- Total Liabilities
- 261
- 0
- 238
- 0
- Cash & Bank
- 5
- 17
- Total Assets
- 261
- Total Debt
- 0
- Net Working Capital
- -96
- Contingent Liabilities
- 0
- Book Value per Share
- 105.64
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- -96
- Contingent Liabilities
- 0
- Book Value per Share
- 105.64
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 14
- 136
- 109
- Total Liabilities
- 260
- 0
- 236
- 0
- Cash & Bank
- 5
- 19
- Total Assets
- 260
- Total Debt
- 0
- Net Working Capital
- -92
- Contingent Liabilities
- 0
- Book Value per Share
- 106.70
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- -92
- Contingent Liabilities
- 0
- Book Value per Share
- 106.70
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 14
- 99
- 96
- Total Liabilities
- 209
- 0
- 188
- 0
- Cash & Bank
- 3
- 18
- Total Assets
- 209
- Total Debt
- 0
- Net Working Capital
- -49
- Contingent Liabilities
- 0
- Book Value per Share
- 80.13
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- -49
- Contingent Liabilities
- 0
- Book Value per Share
- 80.13
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 14
- 432
- 88
- Total Liabilities
- 534
- 0
- 504
- 0
- Cash & Bank
- 1
- 28
- Total Assets
- 534
- Total Debt
- 0
- Net Working Capital
- -38
- Contingent Liabilities
- 0
- Book Value per Share
- 316.43
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- -38
- Contingent Liabilities
- 0
- Book Value per Share
- 316.43
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 14
- 452
- 77
- Total Liabilities
- 543
- 0
- 513
- 0
- Cash & Bank
- 3
- 27
- Total Assets
- 543
- Total Debt
- 0
- Net Working Capital
- -23
- Contingent Liabilities
- 0
- Book Value per Share
- 330.55
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- -23
- Contingent Liabilities
- 0
- Book Value per Share
- 330.55
- Face Value
- 10.00
Mar 2026
- Equity Capital
- 14
- 445
- 77
- Total Liabilities
- 536
- 0
- 503
- 0
- Cash & Bank
- 3
- 30
- Total Assets
- 536
- Total Debt
- 0
- Net Working Capital
- -21
- Contingent Liabilities
- 0
- Book Value per Share
- 325.65
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- -21
- Contingent Liabilities
- 0
- Book Value per Share
- 325.65
- Face Value
- 10.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0 | 0 | -2 | 5 | 1 | -2 | -8 | -9 | -4 | -2 | |
| Cash from Investing | -0 | -0 | 6 | -0 | -0 | 1 | 5 | 6 | 1 | -0 |
| Cash from Financing | -0 | -1 | -1 | -6 | 1 | 1 | 1 | 0 | 6 | 2 |
| -0 | -1 | 3 | -1 | 1 | -0 | -2 | -2 | 2 | -0 | |
| Free Cash Flow | -0 | -7 | -2 | 5 | 1 | -2 | -8 | -9 | -4 | -2 |
| OCF / Net Profit | -0.01 | 0.03 | -0.22 | 0.34 | 0.03 | -1.69 | 0.18 | -0.03 | -0.22 | 0.25 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -3 | -5 | -7 | -13 | -22 | -25 |
| OCF / Net Profit | -0.01 | 0.03 | -0.22 | 0.34 | 0.03 | -1.69 | 0.18 | -0.03 | -0.22 | 0.25 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -3 | -5 | -7 | -13 | -22 | -25 |
Mar 2017
- -0
- Cash from Investing
- -0
- Cash from Financing
- -0
- -0
- Free Cash Flow
- -0
- OCF / Net Profit
- -0.01
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.01
- Cumulative 5-Year FCF
- 0
Mar 2018
- 0
- Cash from Investing
- -0
- Cash from Financing
- -1
- -1
- Free Cash Flow
- -7
- OCF / Net Profit
- 0.03
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.03
- Cumulative 5-Year FCF
- 0
Mar 2019
- -2
- Cash from Investing
- 6
- Cash from Financing
- -1
- 3
- Free Cash Flow
- -2
- OCF / Net Profit
- -0.22
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.22
- Cumulative 5-Year FCF
- 0
Mar 2020
- 5
- Cash from Investing
- -0
- Cash from Financing
- -6
- -1
- Free Cash Flow
- 5
- OCF / Net Profit
- 0.34
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.34
- Cumulative 5-Year FCF
- 0
Mar 2021
- 1
- Cash from Investing
- -0
- Cash from Financing
- 1
- 1
- Free Cash Flow
- 1
- OCF / Net Profit
- 0.03
- Cumulative 5-Year FCF
- -3
- OCF / Net Profit
- 0.03
- Cumulative 5-Year FCF
- -3
Mar 2022
- -2
- Cash from Investing
- 1
- Cash from Financing
- 1
- -0
- Free Cash Flow
- -2
- OCF / Net Profit
- -1.69
- Cumulative 5-Year FCF
- -5
- OCF / Net Profit
- -1.69
- Cumulative 5-Year FCF
- -5
Mar 2023
- -8
- Cash from Investing
- 5
- Cash from Financing
- 1
- -2
- Free Cash Flow
- -8
- OCF / Net Profit
- 0.18
- Cumulative 5-Year FCF
- -7
- OCF / Net Profit
- 0.18
- Cumulative 5-Year FCF
- -7
Mar 2024
- -9
- Cash from Investing
- 6
- Cash from Financing
- 0
- -2
- Free Cash Flow
- -9
- OCF / Net Profit
- -0.03
- Cumulative 5-Year FCF
- -13
- OCF / Net Profit
- -0.03
- Cumulative 5-Year FCF
- -13
Mar 2025
- -4
- Cash from Investing
- 1
- Cash from Financing
- 6
- 2
- Free Cash Flow
- -4
- OCF / Net Profit
- -0.22
- Cumulative 5-Year FCF
- -22
- OCF / Net Profit
- -0.22
- Cumulative 5-Year FCF
- -22
Mar 2026
- -2
- Cash from Investing
- -0
- Cash from Financing
- 2
- -0
- Free Cash Flow
- -2
- OCF / Net Profit
- 0.25
- Cumulative 5-Year FCF
- -25
- OCF / Net Profit
- 0.25
- Cumulative 5-Year FCF
- -25
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 20.59 | 38.21 | 7.11 | 9.72 | 23.93 | 0.95 | -29.72 | 235.24 | 13.95 | -4.87 |
| Book Value (₹) | 26.28 | 64.42 | 71.94 | 81.68 | 105.64 | 106.70 | 80.13 | 316.43 | 330.55 | 325.65 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 2.25 | 1.49 | 3.86 | 5.26 | 12.93 | 0.53 | -16.03 | 127.02 | 7.55 | -4.84 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | -78.61% | -43.95% | -76.45% | -61.19% | 177.86% | 116.18% | 193.00% | 55.37% | -106.53% | 2.27% |
| Net Margin % | 257.74% | 113.36% | 341.65% | 338.94% | 1099.83% | 34.48% | -1966.07% | 3804.26% | 1444.60% | -320.76% |
| ROE % | 0.00% | 6.04% | 10.42% | 12.66% | 25.55% | 0.90% | -31.81% | 118.64% | 4.31% | -1.49% |
| ROCE % | 0.00% | 9.48% | 11.51% | 13.02% | 24.37% | 1.30% | -31.71% | 119.12% | 5.22% | -1.33% |
| 5.52% | 2.19% | 4.87% | 6.25% | 13.80% | 0.52% | -17.86% | 89.25% | 3.65% | -1.27% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 467 | 44 | 71 | 43 | 27 | 18 | 28 | 7 | 0 | 2 |
| Inventory Days | 21 | 14 | 17 | 12 | 16 | 12 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 488 | 58 | 87 | 55 | 43 | 30 | 28 | 7 | 0 | 2 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Interest Coverage (x) | 4.73x | 4.26x | 10.23x | 36.42x | 1011.55x | 99.78x | -8884.89x | 0.00x | 0.00x | 0.00x |
| 0.07x | 0.05x | 0.10x | 0.15x | 0.14x | 0.16x | 0.22x | 0.30x | 0.47x | 0.53x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 312.12% | 50.46% | -14.04% | 37.77% | -24.16% | 26.97% | -45.28% | 309.10% | -84.38% | 57.31% |
| Operating Profit Growth % | 584.47% | 3.60% | -10.92% | -118.09% | 740.00% | -17.07% | -9.09% | 68.91% | -26.55% | -48.06% |
| Net Profit Growth % | 7803.95% | -33.82% | 159.06% | 36.68% | 4178.58% | -96.02% | -3220.51% | 891.60% | -94.07% | -134.93% |
| 0.00% | 85.56% | -81.39% | 36.68% | 0.00% | 0.00% | 0.00% | 891.60% | -94.07% | -134.93% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 2.23x | 2.13x | 9.08x | 3.85x | 0.00x | 0.00x | 0.00x | 0.56x | 4.02x | 0.00x |
| P/B (x) | 3.23x | 2.34x | 1.66x | 0.85x | 0.00x | 0.00x | 0.00x | 0.42x | 0.31x | 0.15x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 22.81x | 39.89x | 34.72x | -109.82x | 0.00x | 0.00x | 0.00x | 26.70x | 28.10x | 25.36x |
Mar 2017
- EPS (₹)
- 20.59
- Book Value (₹)
- 26.28
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.25
- Operating Margin %
- -78.61%
- Net Margin %
- 257.74%
- ROE %
- 0.00%
- ROCE %
- 0.00%
- 5.52%
- Debtor Days
- 467
- Inventory Days
- 21
- Payable Days
- 0
- 488
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 4.73x
- 0.07x
- Revenue Growth %
- 312.12%
- Operating Profit Growth %
- 584.47%
- Net Profit Growth %
- 7803.95%
- 0.00%
- P/E (x)
- 2.23x
- P/B (x)
- 3.23x
- Dividend Yield %
- 0.00%
- 22.81x
Mar 2018
- EPS (₹)
- 38.21
- Book Value (₹)
- 64.42
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.49
- Operating Margin %
- -43.95%
- Net Margin %
- 113.36%
- ROE %
- 6.04%
- ROCE %
- 9.48%
- 2.19%
- Debtor Days
- 44
- Inventory Days
- 14
- Payable Days
- 0
- 58
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 4.26x
- 0.05x
- Revenue Growth %
- 50.46%
- Operating Profit Growth %
- 3.60%
- Net Profit Growth %
- -33.82%
- 85.56%
- P/E (x)
- 2.13x
- P/B (x)
- 2.34x
- Dividend Yield %
- 0.00%
- 39.89x
Mar 2019
- EPS (₹)
- 7.11
- Book Value (₹)
- 71.94
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 3.86
- Operating Margin %
- -76.45%
- Net Margin %
- 341.65%
- ROE %
- 10.42%
- ROCE %
- 11.51%
- 4.87%
- Debtor Days
- 71
- Inventory Days
- 17
- Payable Days
- 0
- 87
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 10.23x
- 0.10x
- Revenue Growth %
- -14.04%
- Operating Profit Growth %
- -10.92%
- Net Profit Growth %
- 159.06%
- -81.39%
- P/E (x)
- 9.08x
- P/B (x)
- 1.66x
- Dividend Yield %
- 0.00%
- 34.72x
Mar 2020
- EPS (₹)
- 9.72
- Book Value (₹)
- 81.68
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 5.26
- Operating Margin %
- -61.19%
- Net Margin %
- 338.94%
- ROE %
- 12.66%
- ROCE %
- 13.02%
- 6.25%
- Debtor Days
- 43
- Inventory Days
- 12
- Payable Days
- 0
- 55
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 36.42x
- 0.15x
- Revenue Growth %
- 37.77%
- Operating Profit Growth %
- -118.09%
- Net Profit Growth %
- 36.68%
- 36.68%
- P/E (x)
- 3.85x
- P/B (x)
- 0.85x
- Dividend Yield %
- 0.00%
- -109.82x
Mar 2021
- EPS (₹)
- 23.93
- Book Value (₹)
- 105.64
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 12.93
- Operating Margin %
- 177.86%
- Net Margin %
- 1099.83%
- ROE %
- 25.55%
- ROCE %
- 24.37%
- 13.80%
- Debtor Days
- 27
- Inventory Days
- 16
- Payable Days
- 0
- 43
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 1011.55x
- 0.14x
- Revenue Growth %
- -24.16%
- Operating Profit Growth %
- 740.00%
- Net Profit Growth %
- 4178.58%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 0.95
- Book Value (₹)
- 106.70
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.53
- Operating Margin %
- 116.18%
- Net Margin %
- 34.48%
- ROE %
- 0.90%
- ROCE %
- 1.30%
- 0.52%
- Debtor Days
- 18
- Inventory Days
- 12
- Payable Days
- 0
- 30
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 99.78x
- 0.16x
- Revenue Growth %
- 26.97%
- Operating Profit Growth %
- -17.07%
- Net Profit Growth %
- -96.02%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- -29.72
- Book Value (₹)
- 80.13
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -16.03
- Operating Margin %
- 193.00%
- Net Margin %
- -1966.07%
- ROE %
- -31.81%
- ROCE %
- -31.71%
- -17.86%
- Debtor Days
- 28
- Inventory Days
- 0
- Payable Days
- 0
- 28
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- -8884.89x
- 0.22x
- Revenue Growth %
- -45.28%
- Operating Profit Growth %
- -9.09%
- Net Profit Growth %
- -3220.51%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 235.24
- Book Value (₹)
- 316.43
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 127.02
- Operating Margin %
- 55.37%
- Net Margin %
- 3804.26%
- ROE %
- 118.64%
- ROCE %
- 119.12%
- 89.25%
- Debtor Days
- 7
- Inventory Days
- 0
- Payable Days
- 0
- 7
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 0.00x
- 0.30x
- Revenue Growth %
- 309.10%
- Operating Profit Growth %
- 68.91%
- Net Profit Growth %
- 891.60%
- 891.60%
- P/E (x)
- 0.56x
- P/B (x)
- 0.42x
- Dividend Yield %
- 0.00%
- 26.70x
Mar 2025
- EPS (₹)
- 13.95
- Book Value (₹)
- 330.55
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 7.55
- Operating Margin %
- -106.53%
- Net Margin %
- 1444.60%
- ROE %
- 4.31%
- ROCE %
- 5.22%
- 3.65%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 0.00x
- 0.47x
- Revenue Growth %
- -84.38%
- Operating Profit Growth %
- -26.55%
- Net Profit Growth %
- -94.07%
- -94.07%
- P/E (x)
- 4.02x
- P/B (x)
- 0.31x
- Dividend Yield %
- 0.00%
- 28.10x
Mar 2026
- EPS (₹)
- -4.87
- Book Value (₹)
- 325.65
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -4.84
- Operating Margin %
- 2.27%
- Net Margin %
- -320.76%
- ROE %
- -1.49%
- ROCE %
- -1.33%
- -1.27%
- Debtor Days
- 2
- Inventory Days
- 0
- Payable Days
- 0
- 2
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 0.00x
- 0.53x
- Revenue Growth %
- 57.31%
- Operating Profit Growth %
- -48.06%
- Net Profit Growth %
- -134.93%
- -134.93%
- P/E (x)
- 0.00x
- P/B (x)
- 0.15x
- Dividend Yield %
- 0.00%
- 25.36x
Documents
Announcements
- General Updates
2026-08-14 - Maha Rashtra Apex Corporation Limited has informed the Exchange about General Updates
- General Updates
2026-08-13 - Maha Rashtra Apex Corporation Limited has informed the Exchange about General Updates
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Nothing filed yet.