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Swing Capital

Maha Rashtra Apex Corporation Ltd

NSE: MAHAPEXLTD BSE: 523384

Incorporated in 1943, Maha Rashtra Apex Corporation Ltd is engaged in financial activities and other related services[1]

₹48.6
52W: ₹37.2 — ₹78.2
PE 57.5 · Book ₹157 · -69% vs book
Market Cap₹137 Cr
Stock P/E57.5Price to Earnings
ROCE1.04%Return on Capital
ROE0.77%Return on Equity
Div. Yield0%Face Value ₹10

Strengths

  • +Company has reduced debt.
  • +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

  • −Though the company is reporting repeated profits, it is not paying out dividend
  • −Company has a low return on equity of 1.43% over last 3 years.
  • −Earnings include an other income of Rs.10.6 Cr.

Shareholding Pattern

Promoters71.57%
FIIs0%
DIIs0%
Public28.43%
CategorySep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026May 2026
Promoters62.54%62.54%62.54%62.54%62.54%62.54%62.54%71.57%▲9.0
FIIs0%0%0%0%0%0%0%0%
DIIs0.01%0.01%0.01%0.01%0.01%0.01%0.01%0%▼0.0
Public37.46%37.46%37.46%37.47%▲0.037.47%37.47%37.46%▼0.028.43%▼9.0

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales1.680.126.410.130.165.860.461.490.252.32
Expenses0.40.360.520.460.430.30.570.40.430.39
Operating Profit1.28-0.245.89-0.33-0.275.56-0.111.09-0.181.93
OPM %76.19%-200%91.89%-253.85%-168.75%94.88%-23.91%73.15%-72%83.19%
Net Profit1.890.125.77-0.110.125.715.971.37-0.151.8
EPS ₹0.670.042.05-0.040.042.022.120.49-0.050.64

AI Insights

Revenue Trend

TTM revenue at ₹4.52Cr, down 29.3% YoY. OPM at 60.4%.

Debt Position

Borrowings at ₹0Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.

Institutional Flow

DIIs: 0% (-0.01pp change). FIIs: 0% (+0.00pp change). Promoters hold 71.57%.

Margin & Efficiency

ROCE improving from 0% (Mar 2014) to 1.04% (Mar 2025). Working capital days: -3413.52.

Valuation

PE 57.5x with 1.04% ROCE. Price is -69% above book value of ₹157. Dividend yield: 0%.

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