Is Maharashtra Scooters a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Maharashtra Scooters Ltd is a below average quality company .

Is Maharashtra Scooters undervalued or overvalued?

The key valuation ratios of Maharashtra Scooters Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is Maharashtra Scooters share price return in the past 10 years?

Maharashtra Scooters Ltd share price has appreciated 27.5% annually (CAGR) over the past ten years.

Is Maharashtra Scooters a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Maharashtra Scooters Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

Maharashtra Scooters Ltd - Stock Valuation and Financial Performance

Name: Maharashtra Scooters
Brand: Maharashtra Scooters

BSE: 500266 | NSE: MAHSCOOTER | Finance - Investment | Small Cap

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Maharashtra Scooters Share Price

₹10,121.90 64.95 0.65%
as on 21-Mar'25 16:59

10 Year X-Ray of Maharashtra Scooters:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

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.)	7	9	8.5	12.3	14.5	15.4	15.3	194	216	223	182
YoY Gr. Rt. %	-	28.9%	-5.2%	45.1%	17.6%	6.1%	-0.7%	1172.6%	11.3%	2.9%	-
Adj EPS (₹ )	47.9	88.4	11.4	53.2	63.7	157.5	7.7	124.9	170.9	174.4	142.5
YoY Gr. Rt. %	-	84.5%	-87.1%	365.1%	19.8%	147.2%	-95.1%	1519.6%	36.8%	2.1%	-
BVPS (₹ )	220.7	273	5,733.4	7,197.1	9,907.8	7,184.4	14,213.1	19,996.3	16,660.4	23,636.7	26,897.3
YoY Gr. Rt. %	-	23.7%	2000.2%	25.5%	37.7%	-27.5%	97.8%	40.7%	-16.7%	41.9%	-
To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ
Net Profit/Total Funds (%)	17.7	30.8	0.4	0.8	0.7	1.8	0.1	0.7	0.9	0.8	0

CAGR ⓘ

CAGR Colour Code Guide ⓘ


	9 Years	5 Years	3 Years	1 Years
Net Interest Income	47%	72.7%	144.3%	2.9%
Adj EPS	15.4%	22.3%	182.8%	2.1%
BVPS	68.1%	19%	18.5%	41.9%
Share Price	27.5%	32.4%	43%	43.3%

Key Financial Ratios


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 (%)	787.2	1125.5	153.8	492.9	502.2	1170.3	57.7	73.4	90.2	89.5	89.5
Performance Ratios	To view Performance Ratios Colour Rating Guide click here ⓘ
Return on Equity (%)	22.3	35.8	0.4	0.8	0.7	1.8	0.1	0.7	0.9	0.9	0.5

Recent Performance Summary

Total Income has increased 144.29 CAGR in last 3 years

Net Profit has increased 182.80 CAGR in last 3 years

Total income growth is good in last 4 quarters

Return on Equity has declined versus last 3 years average to 0.60%

Latest Financials - Maharashtra Scooters Ltd.

	Standalone	Consolidated
TTM EPS (₹)	142.5	-
TTM Sales (₹ Cr.)	182	-
BVPS (₹.) ⓘ	26,897.3	-
Reserves (₹ Cr.) ⓘ	30,728	-
P/BV ⓘ	0.38	-
PE ⓘ	71.05	-

From the Market
52 Week Low / High (₹)	6890.45 / 12847.45
All Time Low / High (₹)	15.50 / 12847.45
Market Cap (₹ Cr.)	11,568
Equity (₹ Cr.)	11.4
Face Value (₹)	10
Industry PE ⓘ	50.2

Quarterly Results

Standalone Basis

Consolidated Basis

	Mar'24	YoY Gr. Rt. %	Jun'24	YoY Gr. Rt. %	Sep'24	YoY Gr. Rt. %	Dec'24	YoY Gr. Rt. %
Sales (₹ Cr.)ⓘ	1,434	-3.8	1,422	2.3	1,298	-15.7	1,192	-3.1
Adj EPS (₹) ⓘ	9.8	-21.3	3.2	-7	-0.2	-103.2	3.1	4
Op. Profit Mgn % ⓘ	24.03	-307 bps	11.69	-5 bps	3.78	-693 bps	10.38	116 bps
Net Profit Mgn % ⓘ	13.76	-305 bps	4.55	-44 bps	-0.27	-717 bps	5.26	36 bps

Management X-Ray of Maharashtra Scooters:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Maharashtra Scooters

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

No data found!

Key Ratios of Maharashtra Scooters

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Total Income (Cr.)

ROE (%)

BVPS (Rs.)

Peer Comparison

Company Name	CMP(₹)	Change ₹(%)	Market Cap	Net Sales (₹ Cr.)	Latest EPS (₹)	Net Profit Margin %	Latest P/E	Latest P/BV
Paul Merchants	802.6	15 (1.9%)	Small Cap	6,502	26.5	0.4	29.7	0.5
JM Financial	97.8	6.4 (7%)	Small Cap	4,761	4	0.6	22.8	1
IIFL Finance	340.1	13.3 (4.1%)	Small Cap	4,604	-6.7	12.7	-	2.2
Altius Telecom Infra	146.6	0.1 (0.1%)	Small Cap	4,146	-	100.9	-	-
Embassy Office Parks	355.9	-7.8 (-2.1%)	Small Cap	3,816	-	25.3	-	-
INDIGRID	141.4	-0.2 (-0.2%)	Small Cap	2,717	-	38.6	-	-
Authum Inv. & Infra	1,549.5	-47.7 (-3%)	Small Cap	2,412	234.3	121.2	6.8	2
Capri Global Capital	167.1	1.5 (0.9%)	Small Cap	2,313	4.7	12.1	35.7	3.3
Centrum Capital	25.5	-0.5 (-2.1%)	Small Cap	2,207	-4	-3.2	-	3.7
IIFL Capital Service	219.6	7.9 (3.7%)	Small Cap	2,161	24.7	23.8	8.6	2.7

Shows rows:

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Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Income	70	117	29	82	96	214	31	195	218	224
Interest Income	7	9	8	12	14	15	15	194	216	223
Other Income ⓘ	63	108	21	70	81	199	16	0	1	1
Expenditure ⓘ	15	16	15	21	22	22	22	23	25	21
Interest Expense ⓘ	0	0	0	0	0	0	0	0	0	0
Operating Expenses ⓘ	15	16	14	20	20	21	21	22	23	20
Provisions	0	1	1	1	1	1	1	1	1	2
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	55	101	14	61	74	192	9	172	193	202
Taxes ⓘ	0	0	1	1	2	12	0	30	-2	3
Profit After Tax	55	101	13	61	73	180	9	143	195	199
Adjusted EPS (₹)	47.9	88.4	11.4	53.2	63.7	157.5	7.7	124.9	170.9	174.4
Dividend Payout Ratio (%)	63%	34%	262%	62%	52%	32%	648%	64%	94%	97%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

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	252	312	6,552	8,225	11,323	8,211	16,244	22,853	19,043	27,017
Share Capital ⓘ	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
Minority Interest	0	0	0	0	0	0	0	0	0	0
Long Term Borrowings	17	14	11	8	381	-31	1,025	1,838	1,348	2,369
Current Liabilities	49	11	9	10	10	12	11	8	8	8
Trade Payables	0	0	0	1	0	1	2	1	0	0
Short term borrowings	0	0	0	0	0	0	0	0	0	0
Other Liabilities	0	0	0	-1	0	-1	-2	-1	0	0
Total Liabilities ⓘ	318	337	6,572	8,243	11,714	8,192	17,280	24,699	20,398	29,394
Assets
Non Current Asset	261	279	6,488	8,139	11,539	7,995	17,176	24,561	20,360	29,320
Loan Asset	0	0	0	0	0	0	0	0	0	0
Other Non Current Asset ⓘ	261	279	6,488	8,139	11,539	7,995	17,176	24,561	20,360	29,320
Current Asset	58	58	84	104	175	197	104	137	38	74
Current Investment	37	46	49	81	159	100	28	106	17	59
Other Current Asset	21	13	36	24	17	96	76	32	21	15
Total Assets ⓘ	318	337	6,572	8,243	11,714	8,192	17,280	24,699	20,398	29,394

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-10	-8	-33	1	1	-7	-6	119	209	206
Cash Flow From Investing Activity ⓘ	41	81	35	40	45	195	-68	-62	-3	-12
Cash Flow From Financing Activity ⓘ	-33	-80	-2	-41	-45	-113	-1	-58	-205	-194
Net Cash Flow ⓘ	-2	-6	0	0	0	75	-75	0	0	0

Finance Ratio

Standalone Basis Consolidated Basis

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 (₹)	48	88	11	53	64	157	8	125	171	174
DPS (₹)	30	30	30	33	33	50	50	80	160	170
BVPS (₹)	221	273	5733	7197	9908	7184	14213	19996	16660	23637
Performance Ratios
ROA (%)	17.7	30.8	0.4	0.8	0.7	1.8	0.1	0.7	0.9	0.8
ROE (%)	22.3	35.8	0.4	0.8	0.7	1.8	0.1	0.7	0.9	0.9
ROCE (%)	22.3	35.8	0.4	0.8	0.8	2.0	0.1	0.9	0.9	0.9
Valuation Parameters
Price/Book(x)	4.0	4.5	0.3	0.3	0.4	0.3	0.3	0.2	0.3	0.3

Maharashtra Scooters Ltd Stock News

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Maharashtra Scooters Ltd FAQs

What is the share price of Maharashtra Scooters?

Company share prices are keep on changing according to the market conditions. The closing price of Maharashtra Scooters on 21-Mar-2025 16:59 is ₹10,121.9.

What is the market cap of Maharashtra Scooters?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Mar-2025 16:59 the market cap of Maharashtra Scooters stood at ₹11,567.9.

What is the P/E ratio of Maharashtra Scooters?

The latest P/E ratio of Maharashtra Scooters as of 21-Mar-2025 16:59 is 71.05.

What is the P/B ratio of Maharashtra Scooters?

The latest P/B ratio of Maharashtra Scooters as of 21-Mar-2025 16:59 is 0.38.

What is the 52-week high and low of Maharashtra Scooters?

The 52-week high of Maharashtra Scooters is ₹12,847.5 and the 52-week low is ₹6,890.5.

What is the TTM revenue of Maharashtra Scooters?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Maharashtra Scooters is ₹181.9 ( Cr.) .

About Maharashtra Scooters Ltd

Maharashtra Scooters (MSL) was incorporated on June 11, 1975. It holds 3.35% stake in Bajaj Auto in addition to 4.88% stake in Bajaj Auto Finance. It is a joint sector enterprise promoted by Western Maharashtra Development Corporation (27%) and Bajaj Auto (24%).

The company assembled geared scooters, but due to non-availability of CKD packs from Bajaj Auto, the company stopped production of geared scooters in April 2006. MSL has managerial and technical agreement with Bajaj Auto for production of scooters. Scooter brands included Chetak, Super and Priya. The company has its plants in Waluj and Akurdi.

The registered office of the company is at Bajaj Auto, Mumbai-Pune Road, Akurdi, Pune-411035, Maharashtra.

Milestones

1975 - The company was incorporated on June 11, at Pune.
1975 - The company entered into two agreements with Bajaj Auto, one for the preparation of the project report and another for technical know-how and assistance.
1975 - The technical know-how agreement was to be in force for a period of 10 years from the date of commencement of operations or till the company achieved a total production of 3,00,000 scooters whichever is later. Under the agreement, Bajaj Auto, agreed to supply to the company components at reasonable prices which was understood to be lower than the dealer prices for the said components in the replacement market.
1985 - The installed capacity was increased from 73,000 to 87,000 motorized two-wheelers up to 350cc engine capacity.
1986 - An application was made for further enhancement of its licensed capacity from 87,000 to 2,00,000 numbers of motorized two-wheelers and three-wheelers up to 350cc engine capacity, under the scheme of re-endorsement of industrial capacity with reference to the minimum economic scales of operation announced by the Government.
1986 - The company renewed its technical agreement with Bajaj Auto, for a further period of ten years from January 1, 1998.
1990 - During the year, commercial manufacture of Bajaj Super Scooters for which a technical know-how agreement was entered into with Bajaj Auto, on terms and conditions similar to the agreement for manufacture of Priya Scooters.
1996 - The company renewed its technical know-how agreement with Bajaj Auto for a further period of 10 years as similar terms. Company also entered into a protocol agreement with both the promoters of the company i.e. Bajaj Auto and Western Maharashtra Development Corporation.
2000 - Bajaj Auto offered to buy out the Maharashtra governmentâ€™s entire 27 per cent holding in this scooter manufacturing joint venture Maharashtra Scooters (MSL).
2000 - The company introduced five-day working week at its plant in Satara due to recession in the scooter segment.
2000 - Maharashtra Scooters, Satara, were presented the R J Rathi Award for Environment Pollution Control.
2001 - Bajaj Auto has evinced interest to purchase the 27 per cent equity stake in Maharashtra Scooters
2002 - Maharashtra government has formed a committee headed by chief secretary Ajit Nibalkar to speed up strategic sale of its stake in Maharashtra Scooters.