MAHAPEXLTDFinancial Services

Maha Rashtra Apex Corporation Limited

Other Financial Services · ISIN INE843B01013 · BSE 523384 · NSE EQ · FV ₹10
Last price
₹55
+0.69%today
What this company does

Maha Rashtra Apex Corporation Limited operates in Other Financial Services, part of the Financial Services sector. It booked ₹6 L of revenue in its latest quarter (Q1 FY27). It is the 9th largest of 9 Other Financial Services companies we track, by market value.

In the report:
46out of 100
Equitytale Health Score
Mixed

Healthier than 46% of companies in Financial Services, on the 5 of 6 measures we could read for it. Each measure is ranked against the 54–250 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
53

At close. Not part of the score.

Profitability & returns16

How much profit it earns on the money it employs

Cash quality26

Whether reported profit actually arrives as cash

Growth & consistency40

Whether sales and profit have grown, and how steadily

Valuation75

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: balance sheet. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 12% vs last year
Promoters hold 72%
No promoter shares pledged
Virtually debt-free
Watch-outs
! Profit down 85% vs last year
! Low 3.0% return on equity
! Operating cash flow is negative

What if I invest in MAHAPEXLTD?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹55 +0.69%
latest close · 2026-09-17
1-year return
-45.1%
52-wk low ₹4252-wk high ₹123
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio11.2Low
LowAverageHigh
P/B ratio0.34Below book
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity3.0%Weak
WeakFairStrong ▸15%
Return on capital0.9%Weak
WeakFairStrong
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
More figures
Market cap
₹156 cr
Book value
₹163
EPS
₹1.23
latest quarter
Net debt
Enterprise value
EBITDA
EBIT
Operating margin
Return on assets
2.6%
Earnings yield
8.90%
P/S
654.39
Sales / share
₹0.1
Tax rate
10.2%
Face value
₹10
Shares
2.8 cr
Working capital
₹23 cr
Current assets
₹23 cr
Current liabilities
₹0 cr
Delivery %
65.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹74₹124, midpoint ₹99

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹6 L
Other Income₹2 cr
Total Income₹2 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹14.9 L
Finance Costs₹0 cr
Depreciation & Amortisation₹1.5 L
Other Expenses₹36.5 L
Total Expenses₹52.9 L
Exceptional Items₹15.6 L
Profit before Tax₹1 cr
Tax Expense₹12.3 L
Share of JV / Associates₹2 cr
Net Profit₹3 cr
Net margin on total income220.5%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹14.9 L3.6%
Depreciation & amortisation₹1.5 L0.4%
Other expenses₹36.5 L8.8%
Tax expense₹12.3 L3.0%
Profit for the period₹3 cr84.2%
Total income ₹2 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue2 cr5.8 L6 L
Total income2 cr39 L2 cr
Expenses57.1 L56.3 L52.9 L
Profit before tax2 cr-7.3 L1 cr
Tax32 L39.6 L12.3 L
Net profit (owners' share)5 cr-5 cr3 cr
Net margin (owners' share, on revenue)249.1%
EPS (₹)3.48-3.521.23
YoY (latest quarter): total income -0.8% · net profit -85.4%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹536 cr
Shareholder equity
₹459 cr
parent shareholders
Total debt
₹0 cr
Cash
₹0 cr
Cash flow · H1 FY26
Operating
₹-1 cr
Investing
₹1 cr
Financing
₹0 cr
Peer comparison
Other Financial Services · by market value
CompanyPriceMarket capP/E
Crisil Limited₹4,560₹33,334 cr38.5
OnEMI Technology Solutions Limited₹360₹6,064 cr14.0
Gyftr Limited₹176₹1,353 cr63.8
Centrum Capital Limited₹22₹1,083 cr
Prime Securities Limited₹294₹998 cr105.0
Wealth First Portfolio Managers Limited₹842₹897 cr21.7
The Investment Trust Of India Limited₹96₹499 cr10.1
NDL Ventures Limited₹120₹404 cr
Maha Rashtra Apex Corporation Limitedthis company₹55₹156 cr11.2
Same industry · latest reported numbers · not a recommendation.
Corporate actions
ActionDetailEx-date
Rights issue1:120 Mar 2026
Who owns it · 2026-06-30
No pledge
Promoter
71.6%
FII / Foreign
DII / Domestic
0.0%
Retail / others
28.4%
Promoter stake up 9.0% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtT SUDHAKAR PAI(TRUSTEE) · Promoters3.93 L · ₹331 Mar 18
BoughtMetropolis Builders Pvt. Ltd. · Promoters5.00 L · ₹50.0 L30 Mar 17
SoldJaya S Pai · Promoters5.00 L · ₹50.0 L30 Mar 17
Bulk / block deals
SoldSANJANABEN SUKHABHAI KHANT · NSE1.22 L @ ₹207.319 Aug 24
BoughtSANJANABEN SUKHABHAI KHANT · NSE1.22 L @ ₹207.2219 Aug 24
SoldNK SECURITIES RESEARCH PRIVATE LIMITED · NSE1.39 L @ ₹209.6719 Aug 24
Stake changes
BoughtTrust Foundation · promoter→ 2.78% · 3.93 L31 Mar 18
SoldJaya S. Pai · promoter→ 11.50% · 5.00 L30 Mar 17
BoughtMetropolis Builders Pvt Ltd · promoter→ 13.35% · 5.00 L30 Mar 17
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 24 Aug 2026
See the official result
1
To receive, consider and adopt the Standalone and Consolidated Audited Financial Statement for the year ended 31st March, 2026 together with Reports of Board of Directors and Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
68,191 votes for, 0 against
2
To appoint diector in place of Mr.Yazdin Mistry (DIN-7897995) who retires by rotation and being eligible, offer himself for re-appointment
Backed by 100% of shareholders other than promotersneeded 50%
68,191 votes for, 0 against
3
Appointment of Mr.Cyrus D Khambata (DIN:00553813), as a Director of the Company.
Backed by 100% of shareholders other than promotersneeded 50%
68,191 votes for, 0 against
4
Appointment of Mr.Cyrys D Khambata (DIN:00553813) as a Managing Director of the Company
Backed by 100% of shareholders other than promotersneeded 75%
68,191 votes for, 0 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 13 named members
owning 71.6% between them · as of 2026-06-30
MANIPAL HOLDINGS PRIVATE LIMITED20.38%
METROPOLIS BUILDERS PVT LTD15.48%
JAYA S PAI13.33%
CHITRAKALA INVESTMENT TRADE & BUSINESS FINANCE LIMITED7.42%
MANGALA INVESTMENTS LIMITED5.49%
TONSE SUDHAKAR PAI3.20%
TONSE SUDHAKAR PAI2.79%
SHEELA PAI2.01%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.