Key Financials Snapshot

TTM · Standalone · ₹ in Cr
Market Cap
₹19 Cr.
Stock P/E
178.5
P/B
0.3
Current Price
₹0.3
Book Value
₹ 1
Face Value
1
52W High
₹0.5
52W Low
₹ 0.3
Dividend Yield
0%

Maharashtra Corpn. Overview

Business

Maharashtra Corporation Ltd. (MAHA CORP) operates in the Trading sector in India. As a trading company, its core business involves buying and selling goods, commodities, or potentially financial instruments with the aim of profiting from the differential between purchase and sale prices, or through commissions and fees. The company acts as an intermediary, facilitating the movement of products between producers and consumers or other businesses, potentially across various industries and geographies within India and possibly internationally. Its revenue is primarily generated through trading margins and volume.

Revenue Mix

Specific details regarding key business segments or a detailed revenue mix are not available. For a typical trading company, revenue streams could potentially be diversified across different product categories (e.g., industrial goods, consumer products, agricultural commodities), geographical regions, or types of trading activities (e.g., import/export, domestic distribution, principal trading, agency/brokerage services). Without further data, a breakdown of specific contributions cannot be provided.

Industry

The trading industry in India is generally fragmented and highly competitive, characterized by numerous players ranging from large diversified conglomerates to small, specialized traders. Barriers to entry can be relatively low for certain types of trading, though establishing robust supply chains, strong customer relationships, and efficient logistics requires significant effort. Maharashtra Corporation Ltd. likely operates within this competitive landscape, potentially focusing on specific niches, product categories, or regional markets to differentiate itself. Its exact positioning relative to peers (e.g., market share, scale) cannot be determined without specific company data.

MOAT

Trading companies, especially in commoditized segments, often struggle to establish strong, durable competitive advantages. Potential sources of moat for Maharashtra Corporation Ltd. could include:

Strong Supplier and Customer Relationships: Long-standing trust and preferential terms with key suppliers and reliable distribution channels.

Efficient Supply Chain & Logistics: Expertise in sourcing, warehousing, and transportation that leads to cost efficiencies or faster delivery.

Niche Market Expertise: Specialization in a particular type of goods or a specific geographic market where competition is less intense or knowledge is critical.

Working Capital Management: Superior management of inventory and receivables, enabling greater operational flexibility and lower financing costs.

However, these advantages can be difficult to sustain against new entrants or aggressive competitors.

Growth Drivers

Key factors that could drive growth for Maharashtra Corporation Ltd. over the next 3-5 years include:

Economic Growth in India: Overall economic expansion will likely increase demand for various goods and commodities, benefiting trading activities.

Expansion into New Product Categories: Diversifying the product portfolio to capture new market opportunities or reduce reliance on a few goods.

Geographical Expansion: Entering new domestic or international markets to broaden reach and customer base.

Supply Chain Optimization: Improving sourcing, logistics, and inventory management to enhance efficiency and profitability.

Digital Transformation: Leveraging technology for market intelligence, order processing, and supply chain visibility to gain an edge.

Risks

Commodity Price Volatility: Fluctuations in the prices of traded goods can significantly impact margins and inventory value, leading to potential losses.

Intense Competition: The fragmented nature of the trading industry can lead to pressure on margins and difficulty in maintaining market share.

Supply Chain Disruptions: Global or local events (e.g., geopolitical conflicts, natural disasters, pandemics) can disrupt sourcing and distribution.

Credit Risk: Risk of non-payment or delayed payments from customers, especially in high-volume trading.

Regulatory Changes: Changes in import/export policies, tariffs, taxes, or trade agreements in India or partner countries can impact profitability.

Working Capital Management: Effective management of inventory and receivables is crucial; inefficient handling can tie up capital and strain finances.

Management & Ownership

Specific details regarding the promoters, management team's experience, or detailed ownership structure are not available. In many Indian companies, promoters typically hold a significant ownership stake and play a crucial role in strategic decision-making and day-to-day operations. The quality and vision of the management team are critical for navigating the complexities and risks inherent in the trading business.

Outlook

Maharashtra Corporation Ltd., as a trading entity in India, operates within a dynamic and competitive environment. The bull case for the company hinges on its ability to effectively leverage India's robust economic growth, expand strategically into profitable niches or product segments, and maintain strong, efficient supply chains supported by sound working capital management. Building and nurturing strong relationships with both suppliers and customers would be paramount to its sustained success.

Conversely, the bear case involves the inherent risks of the trading sector: vulnerability to volatile commodity prices, intense competitive pressures leading to margin erosion, and potential disruptions in global supply chains. Inefficient inventory management, credit defaults, or adverse changes in trade policies could significantly impact its financial health. The company's long-term success will largely depend on its agility in adapting to market changes, its ability to identify and exploit profitable trading opportunities, and its discipline in risk management.

Maharashtra Corpn. Share Price

Live · BSE · Inception: 1982
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Standalone · annual

Maharashtra Corpn. Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 0 1 0 1 0 0 0 0 0 0
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 0 1 0 1 0 0 0 0 0 0
Total Expenditure 0 0 0 0 1 0 0 0 0 0
Operating Profit 0 1 -0 0 -1 -0 0 -0 0 -0
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 -0 0 0 0 0 0
Profit Before Tax 0 1 -0 0 -1 -0 -0 -0 -0 -0
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax 0 1 -0 0 -1 -0 -0 -0 -0 -0
Adjustments 0 0 0 -0 0 0 0 0 0 0
Profit After Adjustments 0 1 -0 0 -1 -0 -0 -0 -0 -0
Adjusted Earnings Per Share 0 0 -0 0 -0 -0 -0 -0 -0 -0

Maharashtra Corpn. Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 3 13 21 -0 0 0 0 0 1 1 2 0
Other Income 0 0 0 0 0 0 0 0 0 0 0 0
Total Income 3 13 21 -0 0 0 0 0 1 1 2 0
Total Expenditure 3 13 21 2 0 0 0 1 0 1 1 0
Operating Profit 0 0 0 -2 -0 -0 0 -1 1 0 0 0
Interest 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 0 0 -2 -0 -0 0 -1 1 0 0 0
Provision for Tax 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Tax 0 0 0 -2 -0 -0 0 -1 1 0 0 0
Adjustments 0 0 0 0 0 0 0 0 0 0 -0 0
Profit After Adjustments 0 0 0 -2 -0 -0 0 -1 1 0 0 0
Adjusted Earnings Per Share 0 0 0 -0.1 -0 -0 0 -0 0 0 0 0

Maharashtra Corpn. Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 15 15 15 13 13 13 13 12 28 62 62
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 0 0 0 0 0 0 0 0 0 0 0
Total Current Liabilities 0 8 1 1 1 0 1 0 0 0 -0
Total Liabilities 15 23 16 14 14 13 13 12 29 62 62
Fixed Assets 0 0 0 0 0 0 0 0 1 1 49
Other Non-Current Assets 6 6 6 3 3 3 4 3 5 8 6
Total Current Assets 9 17 9 10 10 9 10 9 23 54 7
Total Assets 15 23 16 14 14 13 13 12 29 62 62

Maharashtra Corpn. Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 0 0 0 0 0 0 0 0 0 0 1
Cash Flow from Operating Activities -0 -1 0 -0 -0 -0 -0 1 -15 -30 48
Cash Flow from Investing Activities 0 1 0 0 0 0 0 -0 -1 -0 -49
Cash Flow from Financing Activities -0 0 0 0 0 0 0 0 16 31 0
Net Cash Inflow / Outflow -0 0 0 -0 -0 -0 -0 0 -0 1 -1
Closing Cash & Cash Equivalent 0 0 0 0 0 0 0 0 0 1 0

Maharashtra Corpn. Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0 0 0 -0.14 -0.01 -0.01 0 -0.05 0.02 0.01 0
CEPS(Rs) 0 0 0 -0.14 -0.01 -0.01 0 -0.05 0.03 0.01 0.01
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 1.01 1.01 1.02 0.88 0.87 0.87 0.87 0.82 0.97 0.98 0.99
Core EBITDA Margin(%) -2.97 -0.27 -0.01 4610.14 0 0 -3.08 0 66.31 33.77 20.2
EBIT Margin(%) 1.25 0.05 0.08 4522.5 0 0 1.55 0 64.14 19.87 8.48
Pre Tax Margin(%) 1.25 0.05 0.08 4522.5 0 0 1.42 0 64.13 19.86 8.47
PAT Margin (%) 0.77 0.03 0.05 4522.5 0 0 1.42 0 64.13 19.86 6.95
Cash Profit Margin (%) 0.9 0.05 0.06 4521.13 0 0 1.45 0 66.98 35.67 18.75
ROA(%) 0.13 0.02 0.06 -13.41 -0.67 -0.55 0.04 -5.14 3.54 0.34 0.17
ROE(%) 0.14 0.03 0.07 -14.34 -0.72 -0.58 0.04 -5.35 3.56 0.54 0.37
ROCE(%) 0.23 0.05 0.11 -14.33 -0.72 -0.57 0.05 -5.21 3.56 0.34 0.21
Receivable days 996.36 318.57 201.97 0 0 0 7335.27 0 1855.93 2142.83 995.39
Inventory Days 274.25 46.01 26.84 0 0 0 1407.19 0 502.92 724.34 364.51
Payable days 212.59 115.19 76.09 179.23 0 0 262.11 0 0 0 0
PER(x) 210.48 804.76 305.1 0 0 0 1137.5 0 54.88 203.77 165.64
Price/Book(x) 0.31 0.24 0.21 0.31 0.37 0.18 0.52 1.91 1.39 1.1 0.62
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 1.67 0.27 0.14 -88.6 0 0 17.93 0 35.1 39.23 11.33
EV/Core EBITDA(x) 121.13 394.07 179.27 -1.96 -51.24 -32.26 1133.14 -34.21 52.39 109.95 55.86
Net Sales Growth(%) 46.54 367.4 63.43 -100.21 -100 0 0 -100 0 -30.57 98.72
EBIT Growth(%) -50.74 -79.92 130.76 0 95.33 21.02 108.47 0 209.82 -78.49 -15.23
PAT Growth(%) -57.06 -79.04 142.83 0 95.33 20.92 107.74 0 209.28 -78.5 -30.41
EPS Growth(%) -55.88 -80 133.33 0 95.36 20.63 108 0 154.42 -78.46 -30.51
Debt/Equity(x) 0 0 0 0 0 0 0.04 0 0 0 -0
Current Ratio(x) 51.18 2.18 11.06 9.94 10.02 38.8 12.25 53.51 213.78 610.56 -38.59
Quick Ratio(x) 41.26 1.99 9.26 8.49 8.52 32.48 10.31 44.27 199.21 592.91 -30.31
Interest Cover(x) 0 16.47 408.89 0 -731.13 -374.87 11.9 -211.65 7205 1550 1314
Total Debt/Mcap(x) 0 0 0 0 0 0.02 0.08 0 0 0 -0.01

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +100% — — -4%
Operating Profit CAGR — — — —
PAT CAGR — — — —
Share Price CAGR -35% -34% -7% +2%
ROE Average 0% +1% 0% -1%
ROCE Average 0% +1% 0% -1%

Maharashtra Corpn. Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 16.61 %
FII 0 %
DII (MF + Insurance) 0 %
Public (retail) 83.39 %
# Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
Promoter 16.6216.6216.6216.6216.6216.6216.6216.6216.6216.61
FII 0000000000
DII 0000000000
Public 83.3883.3883.3883.3883.3883.3883.3883.3883.3883.39
Others 0000000000
Total 100100100100100100100100100100

Maharashtra Corpn. Peer Comparison

Maharashtra Corpn. Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Maharashtra Corpn. Pros & Cons

Pros

  • Stock is trading at 0.3 times its book value
  • Company is almost debt free.

Cons

  • Promoter holding is low: 16.61%.
  • Company has a low return on equity of 1% over the last 3 years.
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