Maharashtra Scooters Ltd logo

Maharashtra Scooters Ltd

MAHSCOOTER NSE

Key Fundamentals

SmallcapInvestment CompanyFinancial Services
Market Cap
₹15,134 Cr
Volatility
Moderate
P/E Ratio
54.27
EBITDA
₹309 Cr
Return on Equity
1.12%
Debt to Equity
0
Book Value
₹24,180.45
52W High
₹18,538
52W Low
₹10,901

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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29 extracted metrics + investor summaries across FY15–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Strengths

4
  • Company is almost debt free.
  • Stock is trading at 0.56 times its book value
  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 84.4%

Weaknesses

2
  • Tax rate seems low
  • Company has a low return on equity of 0.83% over last 3 years.

Growth Rate

Revenue Growth
69.11% ↗
Net Income Growth
44.94% ↗
Cash Flow Change
68.21% ↗
ROE
62.32% ↗
ROCE
61.29% ↗
EBITDA Margin (Avg.)
5.22% ↗

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk medium

Maharashtra Scooters Ltd is a virtually debt-free investment holding company trading at a market cap of ₹15,585 Cr with a P/E of 56x and a P/B of just 0.56x. Despite strong compounded profit growth of 104% over 5 years, the company's return on equity remains persistently low at around 1%, reflecting its nature as a passive holding entity rather than an operating business.

Bull Case 8
  • Company is almost debt-free, significantly reducing financial risk and insolvency concerns
  • Stock trades at 0.56x book value, suggesting the market prices it well below its net asset value
  • Healthy dividend payout ratio of 84.4%, returning the bulk of earnings to shareholders
  • Dividend yield of 1.61% is reasonable for an investment holding company in the current interest rate environment
  • Compounded profit growth of 104% over 5 years indicates significant earnings expansion
  • TTM sales growth of 41% and TTM profit growth of 44% show strong recent momentum
  • Stock CAGR of 33% over 3 years and 25% over 5 years demonstrates sustained long-term wealth creation
  • 10-year compounded sales growth of 43% reflects consistent long-term revenue expansion
Bear Case 7
  • Return on equity is persistently low at just 1% across 3-year, 5-year, and 10-year periods, indicating poor capital efficiency
  • P/E ratio of 56x is elevated, meaning investors pay a steep multiple for each rupee of earnings
  • Stock has declined 13% over the past 1 year, underperforming broader market indices
  • Low tax rate raises questions about the sustainability of reported earnings and potential future tax adjustments
  • As a holding/investment company, earnings are largely driven by mark-to-market or dividend income from holdings rather than operational value creation
  • ROE of just 0.83% over the last 3 years means the company generates negligible returns on shareholders' equity
  • The disconnect between 104% 5-year profit CAGR and a consistent 1% ROE suggests earnings growth may be from non-recurring or non-operational items

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 19h ago
Headwinds 1
  • Q1FY26 profit crashes 91% YoY Jul 29

    Maharashtra Scooters reported Q1FY26 net profit of ₹332 lakh, a steep 91% YoY decline, signaling significant earnings pressure.

Positives 1
  • ₹60 per share final dividend Jul 29

    Shareholders approved a final dividend of ₹60 per share at the 51st AGM held on July 29, 2026, reflecting commitment to capital return.

Neutral 2
  • Proposed name change and MOA amendment Jul 29

    Board proposed amending the MOA to add renewable energy objectives and change the company name, signaling a potential strategic pivot beyond its legacy business.

  • Director Ravikumar Srinivasan reappointed Jul 29

    Shareholders reappointed director Ravikumar Srinivasan at the 51st AGM, ensuring board continuity.

TL;DR: Maharashtra Scooters maintains shareholder returns with a generous ₹60 dividend, but Q1FY26 profit collapsed 91% YoY to just ₹332 lakh, raising serious concerns about earnings sustainability. The proposed name change and addition of renewable energy objectives hint at a strategic transformation. The near-term trend is deteriorating on profitability, and investors should watch whether the pivot into new business areas can offset the core earnings decline.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
5.26
206
6.37
5.18
7.72
163
5.79
6.65
29.27
271
6.44
6.03
5.41
Expenses
4.05
5.61
5.16
4.49
5.74
2.22
1.7
1.9
1.08
1.22
0.88
1.05
0.86
Operating Profit
1.21
200
1.21
0.69
1.98
161
4.09
4.75
28.19
270
5.56
4.98
4.55
OPM %
23%
97.28%
19%
13.32%
25.65%
98.64%
70.64%
71.43%
96.31%
99.55%
86.34%
82.59%
84.1%
Other Income
0
0.11
0.7
0
-13.23
0.22
0.7
57.78
0
0
0
0.48
0
Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation
0.52
0.52
0.51
0.52
0.52
0.48
0.48
0.48
0.01
0
0.01
0
0
PBT
0.69
200
1.4
0.17
-11.77
161
4.31
62.05
28.18
270
5.55
5.46
4.55
Tax %
30.43%
1.09%
28.57%
41.18%
-170.18%
5.93%
23.43%
16.79%
-25.48%
1.01%
25.77%
26.56%
27.03%
Net Profit
0.48
198
1
0.1
8.26
151
3.3
51.63
35.36
267
4.12
4.01
3.32
EPS in Rs
0.42
173
0.87
0.09
7.23
132
2.89
45.18
30.94
234
3.6
3.51
2.9
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
7
9
8
82
95
211
30
194
217
223
184
313
289
Expenses
12
15
14
20
20
20
20
20
23
19
12
4
4
Operating Profit
-5
-6
-6
61
75
191
11
174
194
203
173
309
285
OPM %
-72%
-72%
-69%
75%
79%
90%
35%
90%
90%
91%
94%
99%
99%
Other Income
63
108
21
1
1
3
0
0
1
1
44
0
0
Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
Depreciation
3
1
1
1
2
2
2
2
2
2
2
0
0
PBT
55
101
14
61
74
192
9
172
193
202
215
309
285
Tax %
0%
0%
9%
1%
2%
6%
3%
17%
-1%
1%
0%
-1%
—
Net Profit
55
101
13
61
73
180
9
143
195
199
214
311
279
EPS in Rs
47.91
88.37
11.44
53.16
63.7
157
7.71
125
171
174
188
272
244
Div. Payout %
63%
34%
262%
62%
52%
32%
649%
64%
94%
97%
75%
81%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
11
11
11
11
11
11
11
11
11
11
11
11
Reserves
241
301
6,541
8,214
11,312
8,199
16,232
22,842
19,031
27,005
30,851
27,623
Borrowings
0
0
0
0
0
0
0
0
0
0
0
0
Other Liabilities
66
25
20
18
391
14
1,036
1,846
1,355
2,377
3,725
3,156
Total Liabilities
318
337
6,572
8,243
11,714
8,225
17,280
24,699
20,398
29,394
34,588
30,791
Fixed Assets
4
7
7
13
15
15
14
13
12
10
0
0
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
Investments
271
280
6,511
8,196
11,680
8,080
17,189
24,654
20,364
29,362
34,563
30,759
Other Assets
43
50
54
34
20
130
76
33
22
22
24
32
Total Assets
318
337
6,572
8,243
11,714
8,225
17,280
24,699
20,398
29,394
34,588
30,791
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-10
-8
-33
1
1
-7
-6
119
209
206
159
267
Investing
41
81
35
40
45
195
-68
-62
-3
-12
36
-19
Financing
-33
-80
-2
-41
-45
-113
-1
-58
-205
-194
-193
-250
Net Cash Flow
-2
-6
0
0
0
75
-75
0
0
0
1
-2
Free Cash Flow
-10
-12
-34
-5
-2
-9
-6
119
207
206
224
267
CFO/OP
180
104
530
3
5
-2
-44
86
119
106
100
92
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
137
99
95
15
14
8
82
19
11
3
0
0
Inventory Days
134
42
111
57
72
—
163
—
—
—
—
—
Days Payable
27
37
40
40
8
—
99
—
—
—
—
—
Cash Conversion Cycle
243
104
166
33
78
8
146
19
11
3
0
0
Working Capital Days
-2,141
-203
-43
1
4
4
103
31
10
7
-35
13
ROCE %
20%
35%
0%
1%
1%
2%
0%
1%
1%
1%
1%
1%

Shareholding Pattern

As of Jun 2026
Promoters 51.00%
Public 24.16%
Others 14.81%
FIIs 6.17%
DIIs 3.85%
Government 0.01%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
51.00%
51.00%
51.00%
51.00%
51.00%
51.05%
51.05%
51.00%
51.00%
51.00%
51.00%
51.00%
51.00%
51.00%
51.00%
51.00%
51.00%
51.00%
51.00%
51.00%
51.00%
51.00%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
4.16%
0.00%
4.43%
4.55%
4.73%
4.89%
4.91%
5.12%
6.21%
6.25%
6.34%
6.17%
DIIs
3.06%
3.06%
3.03%
3.03%
3.64%
4.44%
4.54%
4.53%
4.78%
4.90%
5.15%
5.08%
5.09%
5.37%
5.34%
5.27%
4.52%
4.27%
3.85%
3.88%
3.69%
3.85%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
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%
0.01%
0.01%
0.01%
Public
29.48%
29.59%
29.48%
29.55%
29.47%
28.95%
27.10%
26.97%
26.78%
26.35%
26.06%
25.91%
25.84%
25.46%
25.08%
24.88%
25.32%
24.63%
24.11%
24.03%
23.95%
24.16%
Others
16.46%
16.35%
16.49%
16.42%
15.90%
15.56%
17.31%
17.50%
17.42%
17.75%
13.62%
18.00%
13.64%
13.61%
13.85%
13.95%
14.24%
14.97%
14.81%
14.83%
15.01%
14.81%
No. of Shareholders
0
18,291
18,834
19,489
20,401
22,914
22,616
21,701
20,681
19,662
20,573
20,073
20,715
21,195
21,964
25,851
24,878
25,089
25,172
24,919
23,919
24,766

Documents

Frequently Asked Questions about Maharashtra Scooters Ltd

What does Maharashtra Scooters Ltd do?
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]
Where is Maharashtra Scooters Ltd (MAHSCOOTER) listed?
Maharashtra Scooters Ltd is listed on the Indian stock exchanges. It is listed on NSE: MAHSCOOTER and BSE: 500266. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Maharashtra Scooters Ltd belong to?
Maharashtra Scooters Ltd operates in the Financial Services sector within the Investment Company industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Maharashtra Scooters Ltd?
Maharashtra Scooters Ltd has a market capitalisation of approximately ₹15133.71 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Maharashtra Scooters Ltd?
The Price-to-Earnings (PE) ratio of Maharashtra Scooters Ltd is 54.27. 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 Maharashtra Scooters Ltd?
Over the past 52 weeks, Maharashtra Scooters Ltd has traded between a low of ₹10,901 and a high of ₹18,538. This range helps investors understand the stock's price volatility and recent trading levels.
Does Maharashtra Scooters Ltd pay dividends?
Yes, Maharashtra Scooters Ltd has a dividend yield of 1.64%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Maharashtra Scooters Ltd?
Maharashtra Scooters Ltd has a Return on Equity (ROE) of 1.12%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Maharashtra Scooters Ltd on Tapetide?
On Tapetide, you can view Maharashtra Scooters 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

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]

Website mahascooters.com
CEO Mr. Anant Gopal Marathe
Employees 4
Listed 1995-02-08
Face Value ₹ 10
Issued Size 1,14,28,568

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