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Maharashtra Corpn. Overview

Maharashtra Corporation Limited is an Indian company primarily engaged in the manufacturing and trading of chemicals and industrial products. The company supplies a range of specialty chemicals, intermediates, and related materials to industries such as textiles, pharmaceuticals, agriculture, and manufacturing. Operating on a modest scale, Maharashtra Corporation focuses on quality control, regulatory compliance, and maintaining strong customer relationships. Its performance is influenced by raw material price volatility, demand from downstream...Read More

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Maharashtra Corpn. Key Financials

Market Cap ₹24 Cr.

Stock P/E 218.9

P/B 0.4

Current Price ₹0.4

Book Value ₹ 1

Face Value 1

52W High ₹0.6

Dividend Yield 0%

52W Low ₹ 0.3

Maharashtra Corpn. Share Price

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Volume
Price

Maharashtra Corpn. Quarterly Price

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Maharashtra Corpn. Peer Comparison

Maharashtra Corpn. Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 0 1 0 1 0 1 0 0 0 0
Other Income 0 0 0 0 0 0 0 0 0 0
Total Income 0 1 0 1 0 1 0 0 0 0
Total Expenditure 0 0 0 0 0 0 1 0 0 0
Operating Profit -0 1 0 1 -0 0 -1 -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 0 0 1 -0 0 -1 -0 -0 -0
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax -0 0 0 1 -0 0 -1 -0 -0 -0
Adjustments 0 0 0 0 0 -0 0 0 0 0
Profit After Adjustments -0 0 0 1 -0 0 -1 -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 1
Operating Profit 0 0 0 -2 -0 -0 0 -1 1 0 0 -1
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 -1
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 -1
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 -1
Adjusted Earnings Per Share 0 0 0 -0.1 -0 -0 0 -0 0 0 0 0

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 100% 0% 0% -4%
Operating Profit CAGR 0% 0% 0% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -14% -34% -4% 4%
ROE Average 0% 1% -0% -1%
ROCE Average 0% 1% -0% -1%

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

Maharashtra Corpn. Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 16.33 16.33 16.62 16.62 16.62 16.62 16.62 16.62 16.62 16.62
FII 0 0 0 0 0 0 0 0 0 0
DII 0 0 0 0 0 0 0 0 0 0
Public 83.67 83.67 83.38 83.38 83.38 83.38 83.38 83.38 83.38 83.38
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Maharashtra Corpn. News

Maharashtra Corpn. Pros & Cons

Pros

  • Stock is trading at 0.4 times its book value
  • Company is almost debt free.

Cons

  • Promoter holding is low: 16.62%.
  • Company has a low return on equity of 1% over the last 3 years.
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