Maha Rashtra Apex Corporation Ltd.
•₹ 61.134.34%
2026-08-21
PROS
- Promoters have been increasing their shareholding - up 9.0pp over 2 years
- Latest quarter profit grew 659.9% YoY, showing strong momentum
CONS
- Recent results are weak - TTM profit is down 63.0% versus prior year
- A large part of profit comes from other income (67.3% of PBT)
- Company has a low return on capital employed of 2.6%
- Company has a low return on equity of 2.0% over last 3 years
- Operating margins have contracted to 23.3% from 2636.4%
- Company has delivered a poor profit growth of -19.3% over past five years
* 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 | 2016.50 | 31.85 | 323055.67 | 0.07 | 6296.67 | 18.15 | 42036.90 | 92.22 | 11.88 | 40.79 |
| 2. | AIIL | 531.75 | 21.52 | 45157.57 | 0.00 | 11082.20 | 1075.19 | 14695.40 | 1109.37 | 30.27 | 88.91 |
| 3. | CHOLAHLDNG | 1574.30 | 11.08 | 29561.81 | 0.08 | 1788.99 | 42.04 | 11113.57 | 42.92 | 10.52 | 57.53 |
| 4. | TVSHLTD | 13962.45 | 14.34 | 28248.97 | 0.62 | 1173.58 | 73.77 | 17076.18 | 40.01 | 19.39 | 16.25 |
| 5. | CGCL | 225.40 | 19.23 | 21686.95 | 0.09 | 353.38 | 102.04 | 1576.47 | 62.12 | 11.18 | 68.54 |
| 6. | MAHSCOOTER | 13117.20 | 0.00 | 14991.08 | 1.68 | 3.32 | -90.61 | 5.41 | -81.52 | 1.06 | 84.10 |
| 7. | JSWHL | 11490.30 | 92.84 | 12753.80 | 0.00 | 24.54 | -92.74 | 34.58 | 14.97 | 0.58 | 92.45 |
| 8. | JMFINANCIL | 129.15 | 11.88 | 12359.14 | 2.52 | 368.57 | -19.66 | 1200.53 | 9.69 | 11.91 | 58.30 |
| 9. | TSFINV | 424.70 | 19.38 | 9432.75 | 2.63 | 124.95 | -92.11 | 305.57 | 102.23 | 3.47 | 53.35 |
| 10. | RELIGARE | 231.95 | 145.56 | 7996.10 | 0.00 | -46.98 | -674.86 | 2353.40 | 1051.76 | 11.46 | -2.08 |
| 11. | KAMAHOLD | 2422.00 | 8.35 | 7772.34 | 1.71 | 584.02 | 10.80 | 4657.56 | 7.07 | 20.86 | 22.01 |
| 12. | MAHAPEXLTD | 58.56 | 0.00 | 165.04 | 0.00 | 34.76 | -85.43 | 0.60 | 1100.00 | -1.33 | 3235.00 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 0 | 0 | 6 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 15 | |
| 0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 4 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 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 | 12 | |
| Tax % | -0.00% | 19.23% | 0.00% | 15.40% | -0.00% | 0.00% | 2.39% | 40.00% | 0.00% | -0.00% | 15.09% | -1020.00% | 10.57% |
| Net Profit | -0 | 2 | 0 | 6 | -0 | 0 | 6 | 6 | 1 | -0 | 2 | -1 | 10 |
| -0 | 1 | 0 | 4 | -0 | 1 | 4 | 4 | 1 | -0 | 1 | -0 | 0 | |
| 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
- 0
- 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
- 0
- 0
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 2
- Tax %
- 19.23%
- Net Profit
- 2
- 1
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 0
- 0
- 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%
Mar 2024
- 6
- 1
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 7
- Tax %
- 15.40%
- Net Profit
- 6
- 4
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 0
- 0
- 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 2024
- 0
- 0
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 0
- Tax %
- 0.00%
- Net Profit
- 0
- 1
- 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
- 0
- Interest
- 0
- Depreciation
- 0
- 6
- Tax %
- 2.39%
- Net Profit
- 6
- 4
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 0
- 1
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 10
- Tax %
- 40.00%
- Net Profit
- 6
- 4
- 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
- 0
- Interest
- 0
- Depreciation
- 0
- 1
- Tax %
- 0.00%
- Net Profit
- 1
- 1
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 0
- 0
- 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%
Dec 2025
- 2
- 0
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 2
- Tax %
- 15.09%
- Net Profit
- 2
- 1
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 0
- 0
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- -0
- Tax %
- -1020.00%
- Net Profit
- -1
- -0
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 14
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 15
- 4
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 12
- Tax %
- 10.57%
- Net Profit
- 10
- 0
- Equity Capital
- 282
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 282
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 1 | 0 | 1 | 1 | 2 | 0 | 7 | 0 | 2 | 17 | |
| 1 | 2 | 2 | 3 | 1 | 1 | 3 | 2 | 2 | 2 | 6 | |
| Operating Profit | 4 | 5 | 4 | -1 | 5 | 4 | 4 | 7 | 5 | 3 | — |
| OPM % | 914 | 782 | 2,143 | -89 | 491 | 272 | 2,636 | 103 | 1,098 | 127 | — |
| Other Income | 5 | 7 | 6 | 1 | 5 | 4 | 7 | 2 | 6 | 2 | 0 |
| Interest | 2 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 4 | 5 | 6 | -1 | 7 | 6 | 5 | 9 | 16 | 3 | 14 | |
| Tax % | 0 | 16 | -5 | 0 | -21 | 9 | 2 | 16 | 26 | 18 | 15 |
| Net Profit | 4 | 4 | 6 | -1 | 8 | 5 | 5 | 8 | 12 | 3 | 12 |
| EPS | 3 | 3 | 4 | -1 | 6 | 4 | 4 | 5 | 8 | 2 | — |
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 2 | 2 | 2 | -0 | 3 | 2 | 2 | 3 | 4 | 2 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 2 | 2 | 2 | -0 | 3 | 2 | 2 | 3 | 4 | 2 | — |
Mar 2017
- 0
- 1
- Operating Profit
- 4
- OPM %
- 914
- Other Income
- 5
- Interest
- 2
- Depreciation
- 0
- 4
- Tax %
- 0
- Net Profit
- 4
- EPS
- 3
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2018
- 1
- 2
- Operating Profit
- 5
- OPM %
- 782
- Other Income
- 7
- Interest
- 1
- Depreciation
- 0
- 5
- Tax %
- 16
- Net Profit
- 4
- EPS
- 3
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2019
- 0
- 2
- Operating Profit
- 4
- OPM %
- 2,143
- Other Income
- 6
- Interest
- 1
- Depreciation
- 0
- 6
- Tax %
- -5
- Net Profit
- 6
- EPS
- 4
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2020
- 1
- 3
- Operating Profit
- -1
- OPM %
- -89
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- -1
- Tax %
- 0
- Net Profit
- -1
- EPS
- -1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
Mar 2021
- 1
- 1
- Operating Profit
- 5
- OPM %
- 491
- Other Income
- 5
- Interest
- 0
- Depreciation
- 0
- 7
- Tax %
- -21
- Net Profit
- 8
- EPS
- 6
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2022
- 2
- 1
- Operating Profit
- 4
- OPM %
- 272
- Other Income
- 4
- Interest
- 0
- Depreciation
- 0
- 6
- Tax %
- 9
- Net Profit
- 5
- EPS
- 4
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2023
- 0
- 3
- Operating Profit
- 4
- OPM %
- 2,636
- Other Income
- 7
- Interest
- 0
- Depreciation
- 0
- 5
- Tax %
- 2
- Net Profit
- 5
- EPS
- 4
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2024
- 7
- 2
- Operating Profit
- 7
- OPM %
- 103
- Other Income
- 2
- Interest
- 0
- Depreciation
- 0
- 9
- Tax %
- 16
- Net Profit
- 8
- EPS
- 5
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 3
Mar 2025
- 0
- 2
- Operating Profit
- 5
- OPM %
- 1,098
- Other Income
- 6
- Interest
- 0
- Depreciation
- 0
- 16
- Tax %
- 26
- Net Profit
- 12
- EPS
- 8
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
Mar 2026
- 2
- 2
- Operating Profit
- 3
- OPM %
- 127
- Other Income
- 2
- Interest
- 0
- Depreciation
- 0
- 3
- Tax %
- 18
- Net Profit
- 3
- EPS
- 2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
TTM
- 17
- 6
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 14
- Tax %
- 15
- Net Profit
- 12
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 18%
- 5 Years:
- 15%
- 3 Years:
- 138%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- -19%
- 3 Years:
- -20%
STOCK PRICE CAGR
- 10 Years:
- 18%
- 5 Years:
- 1%
- 3 Years:
- -8%
- 1 Year:
- 7%
RETURN ON EQUITY
- 10 Years:
- 3%
- 5 Years:
- 3%
- 3 Years:
- 2%
- Last Year:
- 1%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 |
| 19 | 71 | 77 | 92 | 125 | 126 | 88 | 420 | 436 | 427 | |
| 117 | 111 | 109 | 114 | 112 | 110 | 97 | 88 | 78 | 78 | |
| Total Liabilities | 150 | 196 | 201 | 219 | 251 | 250 | 199 | 522 | 528 | 520 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 141 | 190 | 193 | 206 | 235 | 232 | 184 | 499 | 504 | 493 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cash & Bank | 3 | 2 | 3 | 2 | 3 | 2 | 0 | 0 | 0 | 0 |
| 5 | 4 | 5 | 11 | 13 | 15 | 14 | 23 | 24 | 26 | |
| Total Assets | 150 | 196 | 201 | 219 | 251 | 250 | 199 | 522 | 528 | 520 |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Working Capital | -79 | -73 | -71 | -72 | -100 | -95 | -53 | -39 | -27 | -25 |
| Contingent Liabilities | 3 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book Value per Share | 23.55 | 60.34 | 64.93 | 74.93 | 98.65 | 99.16 | 72.72 | 307.77 | 319.37 | 313.27 |
| 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 | -79 | -73 | -71 | -72 | -100 | -95 | -53 | -39 | -27 | -25 |
| Contingent Liabilities | 3 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book Value per Share | 23.55 | 60.34 | 64.93 | 74.93 | 98.65 | 99.16 | 72.72 | 307.77 | 319.37 | 313.27 |
| 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
- 19
- 117
- Total Liabilities
- 150
- 0
- 141
- 0
- Cash & Bank
- 3
- 5
- Total Assets
- 150
- Total Debt
- 0
- Net Working Capital
- -79
- Contingent Liabilities
- 3
- Book Value per Share
- 23.55
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- -79
- Contingent Liabilities
- 3
- Book Value per Share
- 23.55
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 14
- 71
- 111
- Total Liabilities
- 196
- 0
- 190
- 0
- Cash & Bank
- 2
- 4
- Total Assets
- 196
- Total Debt
- 0
- Net Working Capital
- -73
- Contingent Liabilities
- 3
- Book Value per Share
- 60.34
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- -73
- Contingent Liabilities
- 3
- Book Value per Share
- 60.34
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 14
- 77
- 109
- Total Liabilities
- 201
- 0
- 193
- 0
- Cash & Bank
- 3
- 5
- Total Assets
- 201
- Total Debt
- 0
- Net Working Capital
- -71
- Contingent Liabilities
- 0
- Book Value per Share
- 64.93
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- -71
- Contingent Liabilities
- 0
- Book Value per Share
- 64.93
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 14
- 92
- 114
- Total Liabilities
- 219
- 0
- 206
- 0
- Cash & Bank
- 2
- 11
- Total Assets
- 219
- Total Debt
- 0
- Net Working Capital
- -72
- Contingent Liabilities
- 0
- Book Value per Share
- 74.93
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- -72
- Contingent Liabilities
- 0
- Book Value per Share
- 74.93
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 14
- 125
- 112
- Total Liabilities
- 251
- 0
- 235
- 0
- Cash & Bank
- 3
- 13
- Total Assets
- 251
- Total Debt
- 0
- Net Working Capital
- -100
- Contingent Liabilities
- 0
- Book Value per Share
- 98.65
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- -100
- Contingent Liabilities
- 0
- Book Value per Share
- 98.65
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 14
- 126
- 110
- Total Liabilities
- 250
- 0
- 232
- 0
- Cash & Bank
- 2
- 15
- Total Assets
- 250
- Total Debt
- 0
- Net Working Capital
- -95
- Contingent Liabilities
- 0
- Book Value per Share
- 99.16
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- -95
- Contingent Liabilities
- 0
- Book Value per Share
- 99.16
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 14
- 88
- 97
- Total Liabilities
- 199
- 0
- 184
- 0
- Cash & Bank
- 0
- 14
- Total Assets
- 199
- Total Debt
- 0
- Net Working Capital
- -53
- Contingent Liabilities
- 0
- Book Value per Share
- 72.72
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- -53
- Contingent Liabilities
- 0
- Book Value per Share
- 72.72
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 14
- 420
- 88
- Total Liabilities
- 522
- 0
- 499
- 0
- Cash & Bank
- 0
- 23
- Total Assets
- 522
- Total Debt
- 0
- Net Working Capital
- -39
- Contingent Liabilities
- 0
- Book Value per Share
- 307.77
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- -39
- Contingent Liabilities
- 0
- Book Value per Share
- 307.77
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 14
- 436
- 78
- Total Liabilities
- 528
- 0
- 504
- 0
- Cash & Bank
- 0
- 24
- Total Assets
- 528
- Total Debt
- 0
- Net Working Capital
- -27
- Contingent Liabilities
- 0
- Book Value per Share
- 319.37
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- -27
- Contingent Liabilities
- 0
- Book Value per Share
- 319.37
- Face Value
- 10.00
Mar 2026
- Equity Capital
- 14
- 427
- 78
- Total Liabilities
- 520
- 0
- 493
- 0
- Cash & Bank
- 0
- 26
- Total Assets
- 520
- Total Debt
- 0
- Net Working Capital
- -25
- Contingent Liabilities
- 0
- Book Value per Share
- 313.27
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- -25
- Contingent Liabilities
- 0
- Book Value per Share
- 313.27
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 22 | 48 | -5 | -3 | -0 | -2 | -8 | -8 | 0 | -13 | |
| Cash from Investing | -20 | -48 | 8 | 1 | 1 | 2 | 6 | 8 | -0 | 13 |
| Cash from Financing | -2 | -1 | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| -0 | -2 | 2 | -1 | 1 | -1 | -2 | -0 | 0 | -0 | |
| Free Cash Flow | 22 | 48 | -5 | -3 | -0 | -2 | -8 | -8 | 0 | -13 |
| OCF / Net Profit | 4.80 | 12.10 | -0.79 | 3.39 | -0.02 | -0.46 | -1.49 | -1.04 | 0.01 | -4.68 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 62 | 38 | -18 | -21 | -18 | -31 |
| OCF / Net Profit | 4.80 | 12.10 | -0.79 | 3.39 | -0.02 | -0.46 | -1.49 | -1.04 | 0.01 | -4.68 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 62 | 38 | -18 | -21 | -18 | -31 |
Mar 2017
- 22
- Cash from Investing
- -20
- Cash from Financing
- -2
- -0
- Free Cash Flow
- 22
- OCF / Net Profit
- 4.80
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 4.80
- Cumulative 5-Year FCF
- 0
Mar 2018
- 48
- Cash from Investing
- -48
- Cash from Financing
- -1
- -2
- Free Cash Flow
- 48
- OCF / Net Profit
- 12.10
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 12.10
- Cumulative 5-Year FCF
- 0
Mar 2019
- -5
- Cash from Investing
- 8
- Cash from Financing
- -1
- 2
- Free Cash Flow
- -5
- OCF / Net Profit
- -0.79
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.79
- Cumulative 5-Year FCF
- 0
Mar 2020
- -3
- Cash from Investing
- 1
- Cash from Financing
- 0
- -1
- Free Cash Flow
- -3
- OCF / Net Profit
- 3.39
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 3.39
- Cumulative 5-Year FCF
- 0
Mar 2021
- -0
- Cash from Investing
- 1
- Cash from Financing
- 0
- 1
- Free Cash Flow
- -0
- OCF / Net Profit
- -0.02
- Cumulative 5-Year FCF
- 62
- OCF / Net Profit
- -0.02
- Cumulative 5-Year FCF
- 62
Mar 2022
- -2
- Cash from Investing
- 2
- Cash from Financing
- 0
- -1
- Free Cash Flow
- -2
- OCF / Net Profit
- -0.46
- Cumulative 5-Year FCF
- 38
- OCF / Net Profit
- -0.46
- Cumulative 5-Year FCF
- 38
Mar 2023
- -8
- Cash from Investing
- 6
- Cash from Financing
- 0
- -2
- Free Cash Flow
- -8
- OCF / Net Profit
- -1.49
- Cumulative 5-Year FCF
- -18
- OCF / Net Profit
- -1.49
- Cumulative 5-Year FCF
- -18
Mar 2024
- -8
- Cash from Investing
- 8
- Cash from Financing
- 0
- -0
- Free Cash Flow
- -8
- OCF / Net Profit
- -1.04
- Cumulative 5-Year FCF
- -21
- OCF / Net Profit
- -1.04
- Cumulative 5-Year FCF
- -21
Mar 2025
- 0
- Cash from Investing
- -0
- Cash from Financing
- 0
- 0
- Free Cash Flow
- 0
- OCF / Net Profit
- 0.01
- Cumulative 5-Year FCF
- -18
- OCF / Net Profit
- 0.01
- Cumulative 5-Year FCF
- -18
Mar 2026
- -13
- Cash from Investing
- 13
- Cash from Financing
- 0
- -0
- Free Cash Flow
- -13
- OCF / Net Profit
- -4.68
- Cumulative 5-Year FCF
- -31
- OCF / Net Profit
- -4.68
- Cumulative 5-Year FCF
- -31
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 3.18 | 2.81 | 4.45 | -0.53 | 5.64 | 3.71 | 3.73 | 5.46 | 8.30 | 1.93 |
| Book Value (₹) | 23.55 | 60.34 | 64.93 | 74.93 | 98.65 | 99.16 | 72.72 | 307.77 | 319.37 | 313.27 |
| 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 (₹) | 1.73 | 1.53 | 2.42 | -0.27 | 3.06 | 2.02 | 2.03 | 2.96 | 4.49 | 1.96 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | -191.28% | -181.82% | -1217.88% | -238.77% | -9.05% | 271.77% | 2636.38% | 73.74% | -303.36% | 23.32% |
| Net Margin % | 974.59% | 578.94% | 3802.24% | -75.99% | 736.80% | 318.92% | 3294.11% | 115.08% | 2654.12% | 126.77% |
| ROE % | 0.00% | 6.70% | 7.10% | -0.75% | 6.49% | 3.75% | 4.34% | 2.87% | 2.65% | 0.61% |
| ROCE % | 0.00% | 10.38% | 7.96% | -0.36% | 5.41% | 4.15% | 4.41% | 3.43% | 3.58% | 0.74% |
| 4.30% | 2.29% | 3.16% | -0.35% | 3.38% | 2.09% | 2.34% | 2.13% | 2.23% | 0.52% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 2286 | 120 | 230 | 24 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2286 | 120 | 230 | 24 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 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) | 3.83x | 4.39x | 6.50x | -0.92x | 212.00x | 298.39x | 3564.13x | 2190.57x | 0.00x | 0.00x |
| 0.05x | 0.04x | 0.07x | 0.11x | 0.11x | 0.13x | 0.17x | 0.29x | 0.40x | 0.46x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 15.11% | 48.69% | -75.92% | 492.61% | 10.25% | 52.02% | -90.26% | 4086.10% | -93.41% | 386.02% |
| Operating Profit Growth % | 1732.70% | 27.24% | -34.05% | -124.63% | 707.31% | -15.79% | -5.47% | 63.05% | -29.55% | -43.67% |
| Net Profit Growth % | 2020.44% | -11.67% | 58.13% | -111.84% | 1169.00% | -34.20% | 0.66% | 46.24% | 51.96% | -76.79% |
| 2020.37% | -11.71% | 58.42% | -111.84% | 1168.92% | 0.00% | 0.00% | 46.25% | 51.97% | -76.79% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 14.40x | 28.96x | 14.50x | 0.00x | 11.68x | 0.00x | 0.00x | 24.18x | 6.77x | 25.86x |
| P/B (x) | 3.61x | 2.50x | 1.84x | 0.92x | 0.67x | 0.00x | 0.00x | 0.43x | 0.33x | 0.16x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 27.69x | 39.40x | 46.79x | -110.01x | 16.98x | 0.00x | 0.00x | 27.07x | 30.26x | 25.73x |
Mar 2017
- EPS (₹)
- 3.18
- Book Value (₹)
- 23.55
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.73
- Operating Margin %
- -191.28%
- Net Margin %
- 974.59%
- ROE %
- 0.00%
- ROCE %
- 0.00%
- 4.30%
- Debtor Days
- 2286
- Inventory Days
- 0
- Payable Days
- 0
- 2286
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 3.83x
- 0.05x
- Revenue Growth %
- 15.11%
- Operating Profit Growth %
- 1732.70%
- Net Profit Growth %
- 2020.44%
- 2020.37%
- P/E (x)
- 14.40x
- P/B (x)
- 3.61x
- Dividend Yield %
- 0.00%
- 27.69x
Mar 2018
- EPS (₹)
- 2.81
- Book Value (₹)
- 60.34
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.53
- Operating Margin %
- -181.82%
- Net Margin %
- 578.94%
- ROE %
- 6.70%
- ROCE %
- 10.38%
- 2.29%
- Debtor Days
- 120
- Inventory Days
- 0
- Payable Days
- 0
- 120
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 4.39x
- 0.04x
- Revenue Growth %
- 48.69%
- Operating Profit Growth %
- 27.24%
- Net Profit Growth %
- -11.67%
- -11.71%
- P/E (x)
- 28.96x
- P/B (x)
- 2.50x
- Dividend Yield %
- 0.00%
- 39.40x
Mar 2019
- EPS (₹)
- 4.45
- Book Value (₹)
- 64.93
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.42
- Operating Margin %
- -1217.88%
- Net Margin %
- 3802.24%
- ROE %
- 7.10%
- ROCE %
- 7.96%
- 3.16%
- Debtor Days
- 230
- Inventory Days
- 0
- Payable Days
- 0
- 230
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 6.50x
- 0.07x
- Revenue Growth %
- -75.92%
- Operating Profit Growth %
- -34.05%
- Net Profit Growth %
- 58.13%
- 58.42%
- P/E (x)
- 14.50x
- P/B (x)
- 1.84x
- Dividend Yield %
- 0.00%
- 46.79x
Mar 2020
- EPS (₹)
- -0.53
- Book Value (₹)
- 74.93
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.27
- Operating Margin %
- -238.77%
- Net Margin %
- -75.99%
- ROE %
- -0.75%
- ROCE %
- -0.36%
- -0.35%
- Debtor Days
- 24
- Inventory Days
- 0
- Payable Days
- 0
- 24
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- -0.92x
- 0.11x
- Revenue Growth %
- 492.61%
- Operating Profit Growth %
- -124.63%
- Net Profit Growth %
- -111.84%
- -111.84%
- P/E (x)
- 0.00x
- P/B (x)
- 0.92x
- Dividend Yield %
- 0.00%
- -110.01x
Mar 2021
- EPS (₹)
- 5.64
- Book Value (₹)
- 98.65
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 3.06
- Operating Margin %
- -9.05%
- Net Margin %
- 736.80%
- ROE %
- 6.49%
- ROCE %
- 5.41%
- 3.38%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 212.00x
- 0.11x
- Revenue Growth %
- 10.25%
- Operating Profit Growth %
- 707.31%
- Net Profit Growth %
- 1169.00%
- 1168.92%
- P/E (x)
- 11.68x
- P/B (x)
- 0.67x
- Dividend Yield %
- 0.00%
- 16.98x
Mar 2022
- EPS (₹)
- 3.71
- Book Value (₹)
- 99.16
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.02
- Operating Margin %
- 271.77%
- Net Margin %
- 318.92%
- ROE %
- 3.75%
- ROCE %
- 4.15%
- 2.09%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 298.39x
- 0.13x
- Revenue Growth %
- 52.02%
- Operating Profit Growth %
- -15.79%
- Net Profit Growth %
- -34.20%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 3.73
- Book Value (₹)
- 72.72
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.03
- Operating Margin %
- 2636.38%
- Net Margin %
- 3294.11%
- ROE %
- 4.34%
- ROCE %
- 4.41%
- 2.34%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 3564.13x
- 0.17x
- Revenue Growth %
- -90.26%
- Operating Profit Growth %
- -5.47%
- Net Profit Growth %
- 0.66%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 5.46
- Book Value (₹)
- 307.77
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.96
- Operating Margin %
- 73.74%
- Net Margin %
- 115.08%
- ROE %
- 2.87%
- ROCE %
- 3.43%
- 2.13%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 2190.57x
- 0.29x
- Revenue Growth %
- 4086.10%
- Operating Profit Growth %
- 63.05%
- Net Profit Growth %
- 46.24%
- 46.25%
- P/E (x)
- 24.18x
- P/B (x)
- 0.43x
- Dividend Yield %
- 0.00%
- 27.07x
Mar 2025
- EPS (₹)
- 8.30
- Book Value (₹)
- 319.37
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 4.49
- Operating Margin %
- -303.36%
- Net Margin %
- 2654.12%
- ROE %
- 2.65%
- ROCE %
- 3.58%
- 2.23%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 0.00x
- 0.40x
- Revenue Growth %
- -93.41%
- Operating Profit Growth %
- -29.55%
- Net Profit Growth %
- 51.96%
- 51.97%
- P/E (x)
- 6.77x
- P/B (x)
- 0.33x
- Dividend Yield %
- 0.00%
- 30.26x
Mar 2026
- EPS (₹)
- 1.93
- Book Value (₹)
- 313.27
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.96
- Operating Margin %
- 23.32%
- Net Margin %
- 126.77%
- ROE %
- 0.61%
- ROCE %
- 0.74%
- 0.52%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 0.00x
- 0.46x
- Revenue Growth %
- 386.02%
- Operating Profit Growth %
- -43.67%
- Net Profit Growth %
- -76.79%
- -76.79%
- P/E (x)
- 25.86x
- P/B (x)
- 0.16x
- Dividend Yield %
- 0.00%
- 25.73x
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.

