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    Finance/Rental/Leasing
Maha Rashtra Apex Corporation Limited

Maha Rashtra Apex Corporation Limited

46.80
INR
-1.24
(-2.58%)
-10.23EPS
1.31BMarket Cap
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
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
0.81
Basic EPS, GAAP
-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
-10.23
Free Cash Flow per Basic Share
4.04
5.59
-0.47
-0.01
0.05
-0.84
1.79
0.33
-0.88
-2.95
-3.4
-1.99
-0.68
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-27.56
-27.55
3.04
14.15
34.7
38.85
44.11
57.04
57.61
43.27
170.84
178.47
175.82
- -
Tangible Book Value per Share
-29.43
-29.42
3.04
14.15
34.7
38.85
44.11
57.04
57.61
43.27
170.84
178.47
175.82
- -
Basic Weighted Avg Shares
26
26
26
26
26
26
26
26
26
26
26
26
26
27
Sales/Revenue/Turnover
6
7
6
23
34
29
40
31
39
21
87
14
21
21
Operating Margin (%)
-116.65
-36.43
-589.16
-44.15
-44.54
-77.96
-32.17
-4.32
2.76
-83.67
55.12
-109.19
0.02
-1.72
Depreciation Expense
2
- -
1
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
Net Income, GAAP
-18
1
-1
291
540
100
137
337
13
-419
-405
197
-69
-273
Effective Tax Rate (%)
- -
60.58
- -
1.41
16.68
- -
0.09
- -
30.33
- -
- -
17.41
- -
- -
Profit Margin (%)
-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
-320.77
-1,269.28
Working Capital
-1,032
-1,031
-1,123
-1,092
-1,059
-1,010
-1,010
-963
-917
-817
-707
-560
-533
- -
LT Debt
46
- -
2
2
- -
- -
- -
- -
- -
1
2
- -
- -
- -
Total Equity
-722
-722
80
371
910
1,014
1,151
1,489
1,504
1,130
4,459
4,658
4,589
- -
Return on Invested Capital (%)
- -
- -
- -
4.31
-0.88
- -
-0.66
- -
0.61
- -
- -
1.72
- -
- -
Return on Capital (%)
- -
-0.11
- -
108.16
79.07
- -
12.33
- -
0.87
- -
- -
4.28
- -
- -
Return on Common Equity (%)
- -
- -
- -
129.01
84.27
10.42
12.65
25.54
0.9
-31.81
-14.48
4.31
-1.49
- -

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
5
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
26
26
28
Market Capitalization
1,492
1,302
1,307

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
238
- -
Cash, Cash Equivalents & STI
- -
91
- -
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
772
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
5
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

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
-299.97%
-44.13%
-66.08%
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

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
5
5
1
3
14
2026
1
1
20
1
21
2027
1
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
4.66
-3.05
-2.61
8.58
7.53
2026
9.14
-11.76
1.88
-1.9
-2.63
2027
1.23
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
2027
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Khambta Cyrus
Full Time Employees
18
Sector
Finance
Industry
Finance/Rental/Leasing
Address
Kanara House Manipal KA India 576 104
IPO Date
Apr 17, 2002
Website
maharashtraapex.com
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Business
Maha Rashtra Apex Corporation Limited engages in financial activities including leasing, hire purchase, bill discounting, and providing loans; it holds substantial investments generating other income. Incorporated in 1943 as Maharashtra Apex Bank Ltd by Upendra Ananth Pai and headquartered in Manipal, India, the company previously operated as a bank before converting to a hire purchase entity following branch transfers to Canara Industrial and Banking Syndicate Ltd in 1955 and subsequent amalgamation with General Investments Trusts Ltd per Karnataka High Court order. It operates primarily in India with a focus on non-banking financial services targeting businesses for asset acquisition and liquidity management. In recent developments, the company issued revised audited financial results for the year ended March 31, 2024, alongside un-audited results for quarters ending September 30, 2024, December 31, 2024, and September 30, 2025; it held its annual general meeting on September 24, 2025, approved financials showing profit after tax of INR 1169.14 lakh for FY2024-25 with outstanding deposits of INR 1809.03 lakh, and reduced debt to near-zero levels while delivering ROE of 71.2% and ROCE of 72.0% as of March 2025.