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Maharashtra Scooters Overview

Maharashtra Scooters Ltd is an funding corporation. It is engaged in the manufacturing of pressure die casting dies, jigs and furniture, among others for two and three-wheelers, frequently for the auto industry.

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Maharashtra Scooters Key Financials

Market Cap ₹14990 Cr.

Stock P/E 69.9

P/B 0.5

Current Price ₹13116

Book Value ₹ 28890.3

Face Value 10

52W High ₹18526

Dividend Yield 1.3%

52W Low ₹ 10499.6

Maharashtra Scooters Share Price

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Volume
Price

Maharashtra Scooters Quarterly Price

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Maharashtra Scooters Peer Comparison

Maharashtra Scooters 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 206 6 5 8 163 6 7 29 271 6
Other Income 0 1 0 1 0 1 0 0 0 0
Total Income 206 7 5 9 163 6 7 29 271 6
Total Expenditure 6 5 4 6 2 2 2 1 1 1
Operating Profit 200 2 1 3 161 5 5 28 270 6
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 -14 0 0 58 0 0 0
Profit Before Tax 200 1 0 -12 161 4 62 28 270 6
Provision for Tax 2 0 0 -20 10 1 10 -7 3 1
Profit After Tax 198 1 0 8 151 3 52 35 267 4
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 198 1 0 8 151 3 52 35 267 4
Adjusted Earnings Per Share 173 0.9 0.1 7.2 132.2 2.9 45.2 30.9 233.7 3.6

Maharashtra Scooters 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 7 9 8 12 14 15 15 194 216 223 183 313
Other Income 63 108 21 70 81 199 16 0 1 1 2 0
Total Income 70 117 29 82 96 214 31 195 218 224 185 313
Total Expenditure 12 15 14 20 20 20 20 21 23 19 12 5
Operating Profit 58 102 15 62 76 194 11 174 195 204 174 309
Interest 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
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 44 58
Profit Before Tax 55 101 14 61 74 192 9 172 193 202 215 366
Provision for Tax 0 0 1 1 2 12 0 30 -2 3 1 7
Profit After Tax 55 101 13 61 73 180 9 143 195 199 214 358
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 55 101 13 61 73 180 9 143 195 199 214 358
Adjusted Earnings Per Share 47.9 88.4 11.4 53.2 63.7 157.4 7.7 124.9 170.9 174.4 187.5 313.4

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -18% -2% 65% 39%
Operating Profit CAGR -15% 0% -2% 12%
PAT CAGR 8% 14% 4% 15%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 18% 43% 31% 26%
ROE Average 1% 1% 1% 6%
ROCE Average 1% 1% 1% 6%

Maharashtra Scooters 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 252 312 6552 8225 11323 8211 16244 22853 19043 27017 30863
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 17 14 11 8 381 -31 1025 1838 1348 2370 3703
Total Current Liabilities 49 11 9 10 10 12 11 8 8 7 21
Total Liabilities 318 337 6572 8243 11714 8192 17280 24699 20398 29394 34588
Fixed Assets 4 7 7 13 15 15 14 13 12 10 0
Other Non-Current Assets 256 272 6481 8126 11524 7980 17162 24549 20348 29235 34434
Total Current Assets 58 58 84 104 175 197 104 137 38 149 154
Total Assets 318 337 6572 8243 11714 8192 17280 24699 20398 29394 34588

Maharashtra Scooters 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 15 12 0 0 0 0 75 1 0 0 1
Cash Flow from Operating Activities -10 -8 -33 1 1 -7 -6 119 209 206 159
Cash Flow from Investing Activities 41 81 35 40 45 195 -68 -62 -3 -12 36
Cash Flow from Financing Activities -33 -80 -2 -41 -45 -113 -1 -58 -205 -194 -193
Net Cash Inflow / Outflow -2 -6 0 0 -0 75 -75 -0 0 0 1
Closing Cash & Cash Equivalent 12 6 0 0 0 75 1 0 0 1 2

Maharashtra Scooters 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) 47.91 88.37 11.43 53.16 63.7 157.45 7.71 124.87 170.86 174.37 187.53
CEPS(Rs) 50.73 89.02 11.93 53.84 65.06 159.29 9.72 126.59 172.62 176.19 189.25
DPS(Rs) 30 30 30 33 33 50 50 80 160 170 170
Book NAV/Share(Rs) 220.73 272.99 5733.41 7197.09 9907.79 7184.41 14213.09 19996.28 16660.38 23636.68 27001.63
Core EBITDA Margin(%) -71.75 -71.78 -68.93 -62.63 -37.95 -31.47 -29.17 89.4 89.5 91.33 93.69
EBIT Margin(%) 787.23 1125.45 168.78 497.64 513.26 1247.44 59.2 88.58 89.22 90.76 117.43
Pre Tax Margin(%) 787.23 1125.45 168.78 497.64 513.26 1247.44 59.2 88.58 89.22 90.76 117.43
PAT Margin (%) 787.23 1125.45 153.81 492.89 502.24 1170.32 57.67 73.39 90.24 89.49 116.92
Cash Profit Margin (%) 833.46 1133.64 160.48 499.17 512.94 1183.97 72.68 74.4 91.17 90.41 117.99
ROA(%) 17.7 30.81 0.38 0.82 0.73 1.81 0.07 0.68 0.87 0.8 0.67
ROE(%) 22.3 35.8 0.38 0.82 0.74 1.84 0.07 0.73 0.93 0.87 0.74
ROCE(%) 22.3 35.8 0.42 0.83 0.76 1.96 0.07 0.88 0.92 0.88 0.74
Receivable days 102.18 102.51 99.91 83.72 90.36 100.06 137.75 15.82 13.98 6.82 0
Inventory Days 45.62 36.89 36.88 35.33 34.15 57.76 83.14 9.45 8.65 6.11 0
Payable days 72.08 28.92 41.98 30.1 23.96 29.33 72.98 65.27 13.29 11.01 0
PER(x) 18.44 13.75 164.16 42.9 55.27 13.04 463.29 29.47 24.66 41.01 59.91
Price/Book(x) 4 4.45 0.33 0.32 0.36 0.29 0.25 0.18 0.25 0.3 0.42
Dividend Yield(%) 3.39 2.47 1.6 1.45 0.94 2.43 1.4 2.17 3.8 2.38 1.51
EV/Net Sales(x) 143.41 154.04 249.25 210.35 277.19 147.32 263.52 21.6 22.23 36.67 70
EV/Core EBITDA(x) 17.21 13.59 142.06 41.74 52.9 11.68 355.11 24.11 24.66 39.99 73.9
Net Sales Growth(%) 66.45 29.02 -5.33 45.1 17.59 6.07 -0.63 1172.65 11.3 2.92 -17.69
EBIT Growth(%) 15.04 84.45 -85.8 327.81 21.28 157.8 -95.28 1804.27 12.1 4.7 6.49
PAT Growth(%) 15.04 84.45 -87.06 364.96 19.82 147.17 -95.1 1519.5 36.84 2.06 7.55
EPS Growth(%) 15.04 84.45 -87.06 364.96 19.82 147.17 -95.1 1519.49 36.82 2.06 7.55
Debt/Equity(x) 0 0 0 0 0 0 0 0 0 0 0
Current Ratio(x) 1.17 5.1 9.26 10.23 17.73 16.23 9.31 16.84 5.06 21.72 7.23
Quick Ratio(x) 1.14 5.3 9.13 10.11 17.58 15.95 8.99 16.05 4.56 21.19 7.23
Interest Cover(x) 0 0 0 0 0 0 0 0 0 0 0
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0

Maharashtra Scooters Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 51 51 51 51 51 51 51 51 51 51
FII 4.16 4.39 4.43 4.55 4.72 4.89 4.9 5.12 6.21 6.25
DII 5.16 5.11 5.1 5.38 5.35 5.28 4.53 4.27 3.86 3.89
Public 39.68 39.5 39.47 39.07 38.93 38.83 39.57 39.6 38.93 38.87
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Maharashtra Scooters News

Maharashtra Scooters Pros & Cons

Pros

  • Stock is trading at 0.5 times its book value
  • Debtor days have improved from 11.01 to 0days.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 1% over the last 3 years.
  • The company has delivered a poor profit growth of 3% over past five years.
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