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Maha Rashtra Apex Corporation Limited

Maha Rashtra Apex Corporation Limited

MAHAPEXLTD.BO
Maha Rashtra Apex Corporation LimitedIN flagBombay Stock Exchange
46.08
INR
-0.99
- -
645.11MMarket Cap
Maha Rashtra Apex Corporation Limited
MAHAPEXLTD.BO
(Bombay Stock Exchange)

Recent

price

46.08

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
0.38
0.28
0.26
0.21
0.28
0.21
0.87
1.3
1.12
1.55
1.17
1.49
0.82
3.34
0.52
0.82
0.82
Revenue per Share
-0.67
-0.93
-0.32
-0.68
0.03
-0.03
11.09
20.58
3.84
5.25
12.92
0.51
-16.04
-15.5
7.53
-2.63
-2.63
Basic EPS, GAAP
4.3
2.37
7.11
4.04
5.59
-0.47
-0.01
0.05
-0.84
1.79
0.33
-0.88
-2.95
-3.4
-1.99
-0.63
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
-31.91
-32.85
-32.91
-33.83
-33.82
-39.59
-28.51
-8.29
-4.49
0.94
13.86
14.37
-1.67
143.26
5.41
5.41
5.41
Book Value per Share
-27.77
-28.7
-28.77
-29.43
-29.42
3.04
14.15
34.7
38.85
44.11
57.04
57.62
43.28
170.85
178.47
175.82
175.73
Tangible Book Value per Share
26
26
26
26
26
26
26
26
26
26
26
26
26
26
26
26
26
Basic Weighted Avg Shares
10
7
7
6
7
6
23
34
29
40
31
39
21
87
14
21
21
Sales/Revenue/Turnover
-107.51
-152.73
-155.65
-116.65
-36.43
-589.16
136
-20.52
-77.96
-22.4
50.62
59.55
147.79
55.12
-109.26
- -
- -
Operating Margin (%)
4
3
3
2
- -
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
-18
-24
-8
-18
1
-1
291
540
100
137
337
13
-419
-405
197
-69
-69
Net Income, GAAP
- -
- -
- -
- -
60.58
- -
1.41
16.68
- -
0.09
- -
30.33
- -
0.46
17.41
- -
6.11
Effective Tax Rate (%)
-178.05
-338.45
-125.82
-317.34
9.77
-13.79
1,280.98
1,580.57
341.65
338.94
1,099.8
34.48
-1,966.07
-464.33
1,444.6
-320.76
-320.76
Profit Margin (%)
-1,115
-1,109
-1,028
-1,032
-1,031
-1,123
-1,092
-1,059
-1,010
-1,010
-963
-917
-817
-707
-560
-533
-533
Working Capital
46
46
46
46
- -
2
2
- -
- -
- -
- -
- -
1
2
- -
- -
- -
LT Debt
-673
-698
-699
-722
-722
80
371
910
1,014
1,151
1,489
1,504
1,130
4,459
4,658
4,589
4,589
Total Equity
- -
- -
- -
- -
- -
- -
12.67
-0.86
- -
-0.81
- -
1.05
- -
1.62
-0.27
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
-0.09
- -
-36.69
-129.67
- -
1,049.89
- -
3.14
- -
189.34
9.97
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
174.52
3.64
- -
- -
10.13
-48.64
-48.64
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
26
- -
26
Market Capitalization
1,399
1,486
1,301

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
223
- -
238
Cash, Cash Equivalents & STI
219
- -
235
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
770
- -
772
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
83.85%
54.78%
-1.48%
Free Cash Flow
-300.22%
-44.63%
-68.58%
Net Income, GAAP
-4,180.58%
-720.69%
-134.93%
Sales/Revenue/Turnover
62.59%
52.74%
57.32%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5
7
6
69
87
2025
5
5
1
3
14
2026
1
1
20
1
21

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.15
0.92
-34.37
- -
-15.5
2025
4.66
-3.05
-2.61
8.58
7.53
2026
9.14
-11.76
1.88
-1.9
-2.63

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Maha Rashtra Apex Corporation Limited (MAHAPEXLTD.BO), an India-based non-banking financial company and flagship of the Manipal Group, focuses on the recovery of assets from its prior hire purchase and leasing operations; it engages in financial activities including leasing, hire purchase financing, bill discounting, and providing loans. Incorporated in 1943 as Maharashtra Apex Bank Ltd in Manipal, Karnataka, the company transferred its banking branches to Canara Industrial and Banking Syndicate Ltd (now Syndicate Bank) in 1955 per Reserve Bank of India advice, converted to a hire purchase entity, and later amalgamated with General Investments Trusts Ltd pursuant to a Karnataka High Court order; it operates primarily in India with 19 employees and maintains a nearly debt-free balance sheet. In recent developments, the company reported consolidated net profit of INR 336 crore for fiscal year 2025 driven by other income and investment gains amid minimal revenue of INR 8 crore, delivered strong profit growth of 90.2% CAGR over five years with ROE at 71.2%, issued a compliance certificate under SEBI (DP) Regulations for Q3 2025, held its AGM in September 2025 approving the FY2025 annual report showing PAT of INR 1169.14 lakh and outstanding deposits of INR 1809.03 lakh, and scheduled a board meeting for November 13, 2025 to consider financial results.