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Maharashtra Scooters Ltd.

Maharashtra Scooters Ltd.

MAHSCOOTER.NS
Maharashtra Scooters Ltd.IN flagNational Stock Exchange of India
13,164.00
INR
+117.00
- -
150.45BMarket Cap
Maharashtra Scooters Ltd.
MAHSCOOTER.NS
(National Stock Exchange of India)

Recent

price

13,164.00

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
5.42
49.66
49.71
48.22
58.64
99.76
23.08
69.3
79.81
184.4
26.5
169.6
189.05
194.69
159.85
273.81
36.46
Revenue per Share
19.01
-5.68
42.74
41.65
47.91
88.37
11.43
53.16
63.7
157.45
7.71
124.87
170.88
174.4
187.56
271.74
37.99
Basic EPS, GAAP
-10.85
-39.72
-7.77
-5.88
-9.03
-10.09
-29.49
-5.2
-2.88
-8.33
-5.81
103.8
181.29
180.14
138.92
233.67
- -
Free Cash Flow per Basic Share
5.38
8.81
1.04
19.51
24.35
57.45
1.45
29.38
32.86
81.74
1.01
50.36
179.51
169.83
169.12
218.74
- -
Dividend per Share
10
10
10
10
10
53.55
63.44
75.27
92.85
150.05
157.87
232.8
223.76
301.19
318.58
10
9.98
Book Value per Share
184.03
177.19
196.52
208.92
220.73
3,706.51
5,733.43
7,197.11
9,907.82
7,184.43
14,213.13
19,996.34
16,662.46
23,639.65
27,005.01
24,180.45
24,138.73
Tangible Book Value per Share
11
11
11
11
11
11
11
11
11
11
11
11
11
11
11
11
11
Basic Weighted Avg Shares
62
568
568
551
670
1,140
264
792
912
2,107
303
1,938
2,161
2,225
1,827
3,129
417
Sales/Revenue/Turnover
341.02
67.6
80.87
82.25
77.6
85.89
43.79
73.97
76.48
89.7
29.12
88.7
88.78
90.66
93.03
98.6
92.74
Operating Margin (%)
11
10
10
9
32
7
6
7
16
18
19
20
20
21
20
- -
- -
Depreciation Expense
217
-65
488
476
548
1,010
131
608
728
1,799
88
1,427
1,953
1,993
2,144
3,106
435
Net Income, GAAP
- -
- -
- -
- -
- -
- -
8.87
0.95
2.15
6.18
2.57
17.14
- -
1.41
0.43
- -
52.32
Effective Tax Rate (%)
350.63
-11.44
85.97
86.38
81.71
88.59
49.53
76.72
79.81
85.39
29.1
73.63
90.39
89.58
117.33
99.24
104.19
Profit Margin (%)
-48
362
95
57
82
473
753
940
1,653
1,845
929
1,307
1,318
1,480
1,324
862
862
Working Capital
- -
289
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
2,103
2,025
2,246
2,388
2,523
42,360
65,525
82,253
113,232
82,108
162,436
228,530
190,428
270,167
308,629
276,348
276,348
Total Equity
- -
- -
20.15
19.56
21.17
4.36
0.2
0.79
0.7
1.82
0.07
0.73
- -
0.86
0.58
- -
- -
Return on Invested Capital (%)
- -
- -
188.89
416.48
479.13
276.15
19.47
76.65
75.78
129.64
5.01
63.93
- -
66.44
60.52
- -
23.16
Return on Capital (%)
190.1
-56.8
427.36
416.48
479.13
278.12
19.55
76.65
75.78
129.64
5.01
63.93
74.86
66.44
60.52
165.4
23.16
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
- -
- -
11
Market Capitalization
196,887
162,665
127,179

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
- -
- -
940
Cash, Cash Equivalents & STI
- -
- -
728
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
78
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
25.79%
13.93%
-10.46%
Free Cash Flow
-154.27%
-353.46%
68.21%
Net Income, GAAP
196.06%
322.17%
44.88%
Sales/Revenue/Turnover
79.18%
121.58%
71.29%
Total Cash Common Dividend
703.45%
1,029.48%
29.34%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
53
2,059
64
50
2,225
2025
77
1,632
58
66
1,827
2026
293
- -
64
60
3,129

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.4
173
0.9
- -
174.4
2025
7.2
132.3
2.9
45.2
187.56
2026
30.9
- -
3.6
3.5
271.74

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
169.83
2025
- -
- -
- -
- -
169.12
2026
- -
- -
- -
- -
218.74
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Business
Maharashtra Scooters Limited, a core investment company listed on BSE and NSE under ticker MAHSCOOTER.NS, primarily invests at least 90% of its assets in Bajaj Group entities including a significant stake in Bajaj Finserv and Bajaj Holdings & Investment Limited, with the balance in debt instruments and treasuries to generate returns while preserving capital; it engages in treasury operations and fund management. The company, founded in 1975 and headquartered in Pune, India, operates solely within India as a subsidiary of Bajaj Holdings & Investment Limited, targeting institutional and retail investors through its equity shares and dividend payouts. In recent developments, Maharashtra Scooters divested its manufacturing assets including property, plant, and machinery in February 2025 for net proceeds of approximately INR 436 million, transitioning to a pure-play investment holding company; it appointed V Rajagopalan and S Ravikumar as Joint Managing Directors subject to shareholder approval, declared interim and special dividends including for FY2026, and reported leadership changes such as the resignation of CEO Sanjay Uttekar and various compliance officers while maintaining strong financial performance with profit growth.