Maha Rashtra Apex Corporation Ltd
MAHAPEXLTD NSE
Maha Rashtra Apex Corporation Ltd
Financial ServicesNSE: MAHAPEXLTD BSE: 523384 Other Financial Services
Key Fundamentals
MicrocapOther Financial ServicesFinancial ServicesMarket Cap
₹140 Cr
Volatility
Moderate
P/E Ratio
-19.9
EBITDA
₹2.60 Cr
Return on Equity
-1.5%
Debt to Equity
0
Book Value
₹167.82
52W High
₹75.48
52W Low
₹37.25
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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28 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
3- Company is almost debt free.
- Stock is trading at 0.29 times its book value
- Promoter holding has increased by 9.03% over last quarter.
Weaknesses
3- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -12.5% over past five years.
- Company has a low return on equity of -3.70% over last 3 years.
Growth Rate
Revenue Growth
-40.51% ↗
Net Income Growth
-135.03% ↗
Cash Flow Change
60.23% ↗
ROE
-135.55% ↗
ROCE
-126.22% ↗
EBITDA Margin (Avg.)
-13.34% ↗
Quarterly Results
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.57 | 0.48 | 0.73 | 0.63 | 6.88 | 0.53 | 0.48 | 0.05 | 0.3 | 0.05 | 0.06 | 1.97 | 0.06 |
| Expenses | 3 | 0.93 | 0.87 | 90.81 | 1.25 | 1.02 | 9.28 | 13.01 | 0.45 | 0.47 | 31.06 | 0.56 | 5.04 |
| Operating Profit | -2.43 | -0.45 | -0.14 | -90.18 | 5.63 | -0.49 | -8.8 | -12.96 | -0.15 | -0.42 | -31 | 1.41 | -4.98 |
| OPM % | -426.32% | -93.75% | -19.18% | -14314.29% | 81.83% | -92.45% | -1833.33% | -25920% | -50% | -840% | -51666.67% | 71.57% | -8300% |
| Other Income | 2.52 | 0.84 | 3.03 | 0.5 | 414 | 0.79 | 0.84 | 6.31 | 26.56 | 24.3 | 0.32 | 3.83 | 0.43 |
| Interest | 0 | 0 | 0 | 0.01 | 0 | 0.01 | 0.01 | 0 | -0.02 | 0 | 0 | 0 | 0 |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| PBT | 0.08 | 0.38 | 2.88 | -89.7 | 419 | 0.28 | -7.98 | -6.66 | 26.42 | 23.87 | -30.69 | 5.23 | -4.56 |
| Tax % | -225% | 0% | 15.62% | 0% | 0.25% | 0% | -0.13% | 2.1% | 15.22% | 0% | 0% | 6.12% | 8.77% |
| Net Profit | 0.25 | 0.38 | 2.42 | -89.7 | 418 | 0.28 | -7.97 | -6.8 | 22.4 | 23.86 | -30.69 | 4.91 | -4.96 |
| EPS in Rs | 0.09 | 0.13 | 0.86 | -31.81 | 148 | 0.1 | -2.83 | -2.41 | 7.94 | 8.46 | -10.88 | 1.74 | -1.76 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2.03 | 1.31 | 8.75 | 10.04 | 9.49 | 5.41 | 8.38 | 7.95 | 8.64 | 9.46 | 7.5 | 4.29 |
| Expenses | 5.12 | 2.58 | 4.12 | 4.89 | 5.19 | 6.51 | 3.15 | 8.55 | 51.88 | 50.9 | 2.81 | 11.49 |
| Operating Profit | -3.09 | -1.27 | 4.63 | 5.15 | 4.3 | -1.1 | 5.23 | -0.6 | -43.24 | -41.44 | 4.69 | -7.2 |
| OPM % | -152.22% | -96.95% | 52.91% | 51.29% | 45.31% | -20.33% | 62.41% | -7.55% | -500.46% | -438.05% | 62.53% | -167.83% |
| Other Income | 6.09 | 3.43 | 2.92 | 0.95 | 6.81 | 15.23 | 26.97 | 2.58 | 1.52 | 2.56 | 19.15 | 1.1 |
| Interest | 2.78 | 2.15 | 1.59 | 1.43 | 1.08 | 0.39 | 0.03 | 0.02 | 0 | 0.02 | 0 | 0 |
| Depreciation | 0.03 | 0.06 | 0.03 | 0.03 | 0.05 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 | 0.04 | 0.05 |
| PBT | 0.19 | -0.05 | 5.93 | 4.64 | 9.98 | 13.71 | 32.14 | 1.92 | -41.76 | -38.94 | 23.8 | -6.15 |
| Tax % | 57.89% | 60% | 1.35% | 16.59% | -0.3% | 0.07% | -4.92% | 30.21% | 0.26% | 3.9% | 17.44% | 11.71% |
| Net Profit | 0.07 | -0.08 | 29.06 | 53.95 | 10.02 | 13.7 | 33.72 | 1.34 | -41.88 | -40.46 | 19.66 | -6.87 |
| EPS in Rs | 0.02 | -0.03 | 10.27 | 19.13 | 3.55 | 4.86 | 11.96 | 0.48 | -14.85 | -14.35 | 6.97 | -2.44 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14.11 | 14.11 | 14.11 | 14.12 | 14.12 | 14.12 | 14.12 | 14.12 | 14.12 | 14.12 | 14.12 | 14.12 |
| Reserves | -86.63 | -86.75 | 22.98 | 76.83 | 87.29 | 101 | 135 | 136 | 98.83 | 432 | 452 | 445 |
| Borrowings | 9.52 | 0.48 | 5.94 | 5.62 | 5.93 | 5.93 | 0.32 | 0.32 | 0.39 | 0.5 | 0.32 | 0.32 |
| Other Liabilities | 143 | 132 | 109 | 105 | 103 | 107 | 111 | 110 | 95.68 | 87.36 | 76.96 | 76.89 |
| Total Liabilities | 79.98 | 59.86 | 152 | 201 | 211 | 228 | 261 | 261 | 209 | 534 | 543 | 536 |
| Fixed Assets | 6.92 | 6.86 | 3.03 | 3.01 | 2.9 | 2.95 | 2.92 | 2.88 | 2.85 | 2.77 | 3.63 | 3.64 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 18.81 | 18.9 | 139 | 190 | 196 | 209 | 238 | 236 | 188 | 504 | 513 | 503 |
| Other Assets | 54.25 | 34.1 | 9.82 | 7.67 | 11.54 | 15.92 | 19.48 | 22.12 | 18.25 | 26.69 | 26.88 | 29.02 |
| Total Assets | 79.98 | 59.86 | 152 | 201 | 211 | 228 | 261 | 261 | 209 | 534 | 543 | 536 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 15.13 | -1.23 | -0.04 | 0.13 | -2.2 | 4.67 | 0.87 | -2.27 | -7.69 | -8.86 | -4.3 | -1.71 |
| Investing | 0.92 | 0.58 | -0.28 | -0.21 | 6.25 | -0.1 | -0.01 | 0.56 | 5.25 | 6.29 | 1.23 | -0.02 |
| Financing | -10.23 | -11.06 | -0.13 | -1.36 | -0.96 | -5.62 | 0.57 | 1.21 | 0.74 | 0.1 | 5.51 | 1.51 |
| Net Cash Flow | 5.82 | -11.7 | -0.45 | -1.45 | 3.1 | -1.04 | 1.43 | -0.5 | -1.7 | -2.47 | 2.44 | -0.22 |
| Free Cash Flow | 15.14 | -1.23 | 0.69 | 0.1 | -2.2 | 4.57 | 0.86 | -2.29 | -7.7 | -8.82 | -5.2 | -1.77 |
| CFO/OP | -492 | 94 | 1 | 6 | -45 | -444 | 39 | 375 | 17 | 21 | -92 | 24 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1,453 | 1,513 | 15.43 | 16.36 | 26.54 | 18.22 | 7.84 | 9.18 | 5.49 | 8.1 | 0 | 0.85 |
| Cash Conversion Cycle | 1,453 | 1,513 | 15.43 | 16.36 | 26.54 | 18.22 | 7.84 | 9.18 | 5.49 | 8.1 | 0 | 0.85 |
| Working Capital Days | -21,343 | -27,216 | -4,730 | -3,952 | -4,142 | -7,176 | -4,515 | -4,571 | -3,675 | -2,747 | -2,865 | -4,768 |
| ROCE % | — | — | — | 7.55% | 4.44% | 11.78% | 22.77% | -0.35% | -32.71% | -14.8% | 2.74% | -1.51% |
Documents
1
Allotment Of Rights Issue
4 May - Board allotted 1,40,91,896 rights shares at Rs.10, doubling paid-up equity capital. 4 May - Board allotted 1,40,91,896 rights shares at Rs.10, doubling paid-up equity capital.
2
Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Copy of Newspaper publication for Basis of Allotment of Right shares 2d - Copy of Newspaper publication for Basis of Allotment of Right shares
3
Intimation Of Closure Of Rights Issue
30 Apr - Rights issue of 1,40,91,896 shares aggregating Rs.1,409.18 lakh closed on April 30, 2026. 30 Apr - Rights issue of 1,40,91,896 shares aggregating Rs.1,409.18 lakh closed on April 30, 2026.
4
Allotment Of Rights Issue
4 May - Board allotted 1,40,91,896 rights shares at Rs.10, doubling paid-up equity capital. 4 May - Board allotted 1,40,91,896 rights shares at Rs.10, doubling paid-up equity capital.
5
Intimation Of Closure Of Rights Issue
30 Apr - Rights issue of 1,40,91,896 shares aggregating Rs.1,409.18 lakh closed on April 30, 2026. 30 Apr - Rights issue of 1,40,91,896 shares aggregating Rs.1,409.18 lakh closed on April 30, 2026.
Frequently Asked Questions about Maha Rashtra Apex Corporation Ltd
What does Maha Rashtra Apex Corporation Ltd do?
Incorporated in 1943, Maha Rashtra Apex Corporation Ltd is engaged in financial activities and other related services[1]
Where is Maha Rashtra Apex Corporation Ltd (MAHAPEXLTD) listed?
Maha Rashtra Apex Corporation Ltd is listed on the Indian stock exchanges. It is listed on NSE: MAHAPEXLTD and BSE: 523384. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Maha Rashtra Apex Corporation Ltd belong to?
Maha Rashtra Apex Corporation Ltd operates in the Financial Services sector within the Other Financial Services industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Maha Rashtra Apex Corporation Ltd?
Maha Rashtra Apex Corporation Ltd has a market capitalisation of approximately ₹139.51 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Maha Rashtra Apex Corporation Ltd?
The Price-to-Earnings (PE) ratio of Maha Rashtra Apex Corporation Ltd is -19.90. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Maha Rashtra Apex Corporation Ltd?
Over the past 52 weeks, Maha Rashtra Apex Corporation Ltd has traded between a low of ₹37.25 and a high of ₹75.48. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Maha Rashtra Apex Corporation Ltd?
Maha Rashtra Apex Corporation Ltd has a Return on Equity (ROE) of -1.50%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Maha Rashtra Apex Corporation Ltd on Tapetide?
On Tapetide, you can view Maha Rashtra Apex Corporation Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Incorporated in 1943, Maha Rashtra Apex Corporation Ltd is engaged in financial activities and other related services[1]
Website maharashtraapex.com
CEO Mr. Aspi Nariman Katgara C.A., L.L.B.
Employees 19
Listed 1998-01-21
Face Value ₹ 10
Issued Size 1,41,50,100