MAHSCOOTERFinancial Services

Maharashtra Scooters Limited

Investment Company · ISIN INE288A01013 · BSE 500266 · NSE BE · FV ₹10
Last price
₹11,775
-2.83%today
What this company does

Maharashtra Scooters Limited operates in Investment Company, part of the Financial Services sector. It booked ₹297 cr of revenue in its latest quarter (Q2 FY27) and kept 98.6% of sales as profit. It is the 6th largest of 9 Investment Company companies we track, by market value.

In the report:
65out of 100
Equitytale Health Score
Solid

Healthier than 65% of companies in Financial Services, on the 5 of 6 measures we could read for it. Each measure is ranked against the 105–253 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)
46

At close. Not part of the score.

Profitability & returns51

How much profit it earns on the money it employs

Cash quality72

Whether reported profit actually arrives as cash

Growth & consistency55

Whether sales and profit have grown, and how steadily

Valuation69

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
✓ Strong 99% net margin
✓ Sales up 10% vs last year
✓ Profit up 10% vs last year
✓ Promoters hold 51%
✓ No promoter shares pledged
✓ Virtually debt-free
✓ Turns profit into real cash
Watch-outs
! Low 3.6% return on equity

What if I invest in MAHSCOOTER?

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 We do not publish price targets or predict returns.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
₹11,775▼ -2.83%
latest close · 2026-11-04
1-year return
+150.0%
52-wk low ₹3,31152-wk high ₹14,125
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 ratio11.5Low
LowAverageHigh
P/B ratio0.42Below book
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity3.6%Weak
WeakFairStrong ▸15%
Net margin98.6%Strong
ThinDecentStrong
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
₹13,459 cr
Book value
₹28,356
EPS
₹256.61
latest quarter
Net debt
—
Enterprise value
—
EBITDA
—
EBIT
—
Operating margin
—
Return on assets
3.2%
Earnings yield
8.72%
P/S
11.32
Sales / share
₹1,040.6
Tax rate
0.9%
Face value
₹10
Shares
1.1 cr
Working capital
—
Current assets
—
Current liabilities
—
Delivery %
50.7%
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 2026-11-04.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹1,368–₹2,203, midpoint ₹1,786

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 · Q2 FY27 (consolidated)
Revenue from Operations₹297 cr
Other Income₹1 L
Total Income₹297 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹17 L
Finance Costs₹0 cr
Depreciation & Amortisation₹0 cr
Other Expenses₹1 cr
Total Expenses₹1 cr
Profit before Tax₹296 cr
Tax Expense₹3 cr
Net Profit₹293 cr
Net margin on total income98.6%
Where the money goes · Q2 FY27
% of total income
Employee benefit expense₹17 L0.1%
Other expenses₹1 cr0.4%
Tax expense₹3 cr0.9%
Profit for the period₹293 cr98.6%
Total income ₹297 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue6 cr5 cr297 cr
Total income7 cr5 cr297 cr
Expenses1 cr86 L1 cr
Profit before tax5 cr5 cr296 cr
Tax1 cr1 cr3 cr
Net profit (owners' share)4 cr3 cr293 cr
Net margin (owners' share, on revenue)66.5%61.4%98.6%
EPS (₹)3.502.91256.61
YoY (latest quarter): total income +9.7% · net profit +9.8%
Balance sheet & cash flow · as of Sep 2026
Debt-free
Total assets
₹36,541 cr
Shareholder equity
₹32,411 cr
parent shareholders
Total debt
₹0 cr
Cash
₹12 L
Cash flow · H1 FY27
Operating
₹296 cr
Investing
₹-44 cr
Financing
₹-251 cr
Peer comparison
Investment Company · by market value
CompanyPriceMarket capP/E
Jio Financial Services Limited₹214₹1.41 L cr105.0
Aditya Birla Capital Limited₹381₹1.04 L cr20.2
Cholamandalam Financial Holdings Limited₹1,400₹58,367 cr8.2
Tata Investment Corporation Limited₹553₹27,977 cr60.4
TVS Holdings Limited₹12,389₹25,075 cr10.3
Maharashtra Scooters Limitedthis company₹12,118₹13,851 cr11.8
Religare Enterprises Limited₹220₹13,248 cr—
JSW Holdings Limited₹10,863₹12,057 cr23.0
Pilani Investment and Industries Corporation Limited₹3,868₹4,283 cr—
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.87%
trailing 12 months
Dividend / share (TTM)
₹220
Last dividend
₹160
ex 21 Sep 2026
ActionDetailEx-date
Dividend₹160 / share21 Sep 2026
Dividend₹60 / share30 Jun 2026
Dividend₹160 / share22 Sep 2025
Dividend₹30 / share27 Jun 2025
Dividend₹110 / share25 Sep 2024
Dividend₹60 / share28 Jun 2024
Who owns it · 2026-09-30
No pledge
Promoter
51.0%
FII / Foreign
6.3%
DII / Domestic
3.8%
Retail / others
38.9%
Smart-money activity
Insider trades
SoldBachhraj Factories Private Limited · Promoter Group493 · ₹23.9 L13 Dec 22
SoldBachhraj Factories Private Limited · Promoter Group1,836 · ₹88.7 L12 Dec 22
SoldBachhraj Factories Private Limited · Promoter Group1,198 · ₹57.4 L9 Dec 22
Bulk / block deals
short— · NSE429 Sep 25
short— · NSE2022 Aug 25
short— · NSE420 Aug 25
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.

Postal ballot · 27 Sep 2026
See the official result
1
Approval for change of name of the Company and consequential alterations to the Memorandum of Association (‘MOA’) and Articles of Association (‘AOA’) of the Company
Backed by 100% of shareholders other than promotersneeded 75%
12.33 L votes for, 902 against · 0% of mutual funds and other big investors said no
2
Approval for change of object clause and consequential alterations to the Memorandum of Association (‘MOA’) of the Company
Backed by 100% of shareholders other than promotersneeded 75%
12.33 L votes for, 902 against · 0% of mutual funds and other big investors said no

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 — 90 named members
owning 51.0% between them · as of 2026-09-30
BAJAJ HOLDINGS & INVESTMENT LIMITED51.00%
Aarav Swamyno shares
Aryaman Family Trustno shares
Aryaman Trustno shares
Aryan Bajajno shares
Aryan Nayan Realty LLPno shares
BACHHRAJ AND COMPANY PRIVATE LIMITEDno shares
BACHHRAJ FACTORIES PRIVATE LIMITEDno shares

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.