Maharashtra Scooters Ltd
NSE: MAHSCOOTER BSE: 500266Auto
Maharashtra Scooters Ltd. (MSL) is a manufacturing & and an unregistered core investment company. It is engaged in the business of manufacturing dies, Jigs, fixtures and die casting components primarily for the automobiles industry, etc. [1]
₹11,860
52W: ₹10901 — ₹18538
PE 43.7 · Book ₹24180 · -51% vs bookMarket Cap₹13,555 Cr
Stock P/E43.7Price to Earnings
ROCE1.06%Return on Capital
ROE1.06%Return on Equity
Div. Yield1.87%Face Value ₹10
Strengths
- +Company is almost debt free.
- +Stock is trading at 0.49 times its book value
- +Company is expected to give good quarter
- +Company has been maintaining a healthy dividend payout of 84.4%
Weaknesses
- −Tax rate seems low
- −Company has a low return on equity of 0.84% over last 3 years.
Shareholding Pattern
Promoters51%
FIIs6.33%
DIIs3.69%
Public38.96%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 51% | 51% | 51% | 51% | 51% | 51% | 51% | 51% |
| FIIs | 4.54% | 4.73%▲0.2 | 4.89%▲0.2 | 4.9%▲0.0 | 5.12%▲0.2 | 6.21%▲1.1 | 6.24%▲0.0 | 6.33%▲0.1 |
| DIIs | 5.36% | 5.34%▼0.0 | 5.27%▼0.1 | 4.52%▼0.8 | 4.26%▼0.3 | 3.85%▼0.4 | 3.87%▲0.0 | 3.69%▼0.2 |
| Public | 39.08% | 38.94%▼0.1 | 38.84%▼0.1 | 39.56%▲0.7 | 39.6%▲0.0 | 38.92%▼0.7 | 38.86%▼0.1 | 38.96%▲0.1 |
Financial Statements
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6.37 | 5.18 | 7.72 | 163.17 | 5.79 | 6.65 | 29.27 | 271.02 | 6.44 | 6.03 |
| Expenses | 5.16 | 4.49 | 5.74 | 2.22 | 1.7 | 1.9 | 1.08 | 1.22 | 0.88 | 1.05 |
| Operating Profit | 1.21 | 0.69 | 1.98 | 160.95 | 4.09 | 4.75 | 28.19 | 269.8 | 5.56 | 4.98 |
| OPM % | 19% | 13.32% | 25.65% | 98.64% | 70.64% | 71.43% | 96.31% | 99.55% | 86.34% | 82.59% |
| Net Profit | 1 | 0.1 | 8.26 | 151.16 | 3.3 | 51.63 | 35.36 | 267.07 | 4.12 | 4.01 |
| EPS ₹ | 0.87 | 0.09 | 7.23 | 132.26 | 2.89 | 45.18 | 30.94 | 233.69 | 3.6 | 3.51 |
AI Insights
Revenue Trend
Mar 2026 revenue at ₹313Cr, up 70.1% YoY. OPM at 99%.
Debt Position
Borrowings at ₹0Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.
Institutional Flow
DIIs: 3.69% (-1.20pp change). FIIs: 6.33% (+2.27pp change). Promoters hold 51%.
Margin & Efficiency
ROCE declining from 20% (Mar 2015) to 1% (Mar 2026). Working capital days: 13.
Valuation
PE 43.7x with 1.06% ROCE. Price is -51% above book value of ₹24,180. Dividend yield: 1.87%.
Recent Announcements
- Record Date For Determining Members Eligible To Receive The Final Dividend, If Approved By The Shareholders 22 Apr - FY26 audited results approved; Rs 60 final dividend recommended, record date 30 June 2026, AGM 29 July 2026.
- Corporate Action-Board approves Dividend 22 Apr
- Audited Financial Results For The Year Ended 31 March 2026 22 Apr - FY26 audited results approved; final dividend Rs60/share recommended, record date 30 June 2026, AGM 29 July 2026.
- Board Meeting Outcome for Outcome Of Board Meeting Held On 22 April 2026 22 Apr - Board approved FY26 audited results, recommended Rs60 final dividend, set 30 June 2026 record date and 29 July 2026 AGM.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Apr - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse