BSE: 523384 | NSE: MAHAPEXLTD | Finance - Investment | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Maha Rashtra Apex Corporation Ltd is a below average quality company.
The key valuation ratios of Maha Rashtra Apex Corporation Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Maha Rashtra Apex Corporation Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Income (₹ Cr.) | 0.4 | 0.4 | 0.5 | 0.7 | 0.2 | 1 | 1.1 | 1.6 | 0.2 | 6.7 | 6 | |
| YoY Gr. Rt. % | - | 14.3% | 15% | 50% | -75.4% | 476.5% | 10.2% | 51.9% | -90.2% | 4081.3% | - | |
| Adj EPS (₹ ) | -0.3 | -0.2 | 3.2 | 2.8 | 4.5 | -0.5 | 5.6 | 3.7 | 3.7 | 5.5 | 4.2 | |
| YoY Gr. Rt. % | - | NA | NA | -11.6% | 58.4% | -111.9% | NA | -34.2% | 0.5% | 46.4% | - | |
| BVPS (₹ ) | -52.8 | -53 | 23.6 | 60.3 | 64.9 | 74.9 | 98.7 | 99.2 | 72.7 | 318.4 | 309.2 | |
| YoY Gr. Rt. % | - | NA | NA | 156.2% | 7.6% | 15.4% | 31.7% | 0.5% | -26.7% | 337.8% | - | |
| To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ | ||||||||||||
| Net Profit/Total Funds (%) | -0.5 | -0.3 | 4.3 | 2.3 | 3.2 | -0.4 | 3.4 | 2.1 | 2.3 | 2.1 | 0 | |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Interest Income | 38.8% | 108.5% | 83.7% | 4081.3% | ||||||||
| Adj EPS | NA | 4.2% | -1.1% | 46.4% | ||||||||
| BVPS | NA | 37.4% | 47.8% | 337.8% | ||||||||
| Share Price | 30.8% | 9.9% | 18.8% | 13.3% | ||||||||
| RATIOS \ YEARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||||||
| Net Profit Margin (%) | -100.9 | -58.4 | 974.6 | 578.9 | 3802.2 | -76 | 736.8 | 318.9 | 3294.1 | 115.1 | 92.2 | |
| Performance Ratios | To view Performance Ratios Colour Rating Guide click here ⓘ | |||||||||||
| Return on Equity (%) | 0 | 0 | 0 | 6.7 | 7.1 | -0.8 | 6.5 | 3.8 | 4.3 | 2.8 | 1.3 | |
Total Income has increased 83.65 CAGR in last 3 years
Return on Equity has declined versus last 3 years average to 1.30%
Net Profit has declined -1.08 CAGR in last 3 years
Total income growth is poor in last 4 quarters
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 4.2 | 236.1 |
| TTM Sales (₹ Cr.) | 6.4 | 8.5 |
| BVPS (₹.) ⓘ | 309.2 | 319.4 |
| Reserves (₹ Cr.) ⓘ | 435 | 436 |
| P/BV ⓘ | 0.51 | 0.50 |
| PE ⓘ | 37.86 | 0.67 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 104.70 / 218.20 |
| All Time Low / High (₹) | 0.34 / 269.50 |
| Market Cap (₹ Cr.) | 224 |
| Equity (₹ Cr.) | 14.1 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 45.3 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income | 2 | 1 | 6 | 7 | 6 | 2 | 6 | 6 | 7 | 9 |
| Interest Income | 0 | 0 | 0 | 1 | 0 | 1 | 1 | 2 | 0 | 7 |
| Other Income ⓘ | 1 | 1 | 5 | 7 | 6 | 1 | 5 | 4 | 7 | 2 |
| Expenditure ⓘ | 4 | 4 | 3 | 3 | 3 | 4 | 1 | 1 | 3 | 2 |
| Interest Expense ⓘ | 3 | 2 | 2 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Operating Expenses ⓘ | 1 | 1 | 1 | 2 | 2 | 2 | 1 | 1 | 2 | 2 |
| Provisions | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 0 |
| Exceptional Items ⓘ | 2 | 2 | 2 | 1 | 4 | 1 | 1 | 1 | 1 | 2 |
| Profit Before Tax ⓘ | 0 | 0 | 4 | 5 | 6 | -1 | 7 | 6 | 5 | 9 |
| Taxes ⓘ | 0 | 0 | 0 | 1 | 0 | 0 | -1 | 1 | 0 | 2 |
| Profit After Tax | 0 | 0 | 4 | 4 | 6 | -1 | 8 | 5 | 5 | 8 |
| Adjusted EPS (₹) | -0.3 | -0.2 | 3.2 | 2.8 | 4.5 | -0.5 | 5.6 | 3.7 | 3.7 | 5.5 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Equity Capital | -74 | -74 | 33 | 85 | 92 | 106 | 139 | 140 | 103 | 449 |
| Share Capital ⓘ | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves ⓘ | -89 | -89 | 19 | 71 | 77 | 92 | 125 | 126 | 88 | 435 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long Term Borrowings | 19 | 19 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Liabilities | 134 | 114 | 117 | 111 | 109 | 114 | 112 | 110 | 64 | 55 |
| Trade Payables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Short term borrowings | 9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | -9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 33 | 33 |
| Total Liabilities ⓘ | 79 | 59 | 150 | 196 | 201 | 219 | 251 | 250 | 199 | 537 |
Assets | ||||||||||
| Non Current Asset | 50 | 40 | 145 | 193 | 195 | 210 | 239 | 235 | 188 | 521 |
| Loan Asset | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non Current Asset ⓘ | 50 | 40 | 145 | 193 | 195 | 210 | 239 | 235 | 188 | 521 |
| Current Asset | 30 | 19 | 5 | 3 | 5 | 9 | 13 | 15 | 11 | 16 |
| Current Investment | 0 | 0 | 1 | 1 | 2 | 1 | 2 | 2 | 2 | 0 |
| Other Current Asset | 30 | 19 | 4 | 2 | 4 | 8 | 10 | 12 | 9 | 16 |
| Total Assets ⓘ | 79 | 59 | 150 | 196 | 201 | 219 | 251 | 250 | 199 | 537 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Operational & Financial Ratios |
||||||||||
| EPS (₹) | 0 | 0 | 3 | 3 | 4 | -1 | 6 | 4 | 4 | 5 |
| DPS (₹) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| BVPS (₹) | -53 | -53 | 24 | 60 | 65 | 75 | 99 | 99 | 73 | 318 |
Performance Ratios | ||||||||||
| ROA (%) | -0.5 | -0.3 | 4.3 | 2.3 | 3.2 | -0.4 | 3.4 | 2.1 | 2.3 | 2.1 |
| ROE (%) | 0.0 | 0.0 | 0.0 | 6.7 | 7.1 | -0.8 | 6.5 | 3.8 | 4.3 | 2.8 |
| ROCE (%) | 0.0 | 0.0 | 0.0 | 10.4 | 8.0 | -0.4 | 5.4 | 4.2 | 4.4 | 3.3 |
Valuation Parameters | ||||||||||
| Price/Book(x) | -0.1 | -0.3 | 3.6 | 2.5 | 1.8 | 0.9 | 0.7 | 0.9 | 1.2 | 0.4 |
Maha Rashtra Apex Corporation, a non-banking finance company was incorporated in April 1943 as Maharashtra Apex Bank. In 1955, all its branches were transferred to Canara Industrial and Banking Syndicate. Post which the company was changed to a hire-purchase company and accordingly its name was changed to the present one.
The main activities of the company are lease and hire purchase, automobile financing, bill discounting, corporate finance, etc. ICDS, Manipal Finance Corporation, Canara Steel and Karnataka Consumer Products are its group companies.
It plans to diversify into merchant banking, OTCEI dealership, stock exchange membership, money changing business, mutual funds, etc.
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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