Maha Rashtra Apex Corporation Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 4, 2025, 11:21 am

Market Cap	160 Cr.
Current Price	113
High / Low	218/97.8
Stock P/E	0.37
Book Value	318
Dividend Yield	0.00 %
ROCE	120 %
ROE	119 %
Face Value	10.0
PEG Ratio	0.01

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Maha Rashtra Apex Corporation Ltd

Competitors of Maha Rashtra Apex Corporation Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
MKVentures Capital Ltd	550 Cr.	1,431	2,800/1,212	26.7	267	0.07 %	20.6 %	33.6 %	10.0
Modern Shares & Stockbrokers Ltd	14.6 Cr.	49.8	69.4/36.0	41.7	43.9	0.00 %	4.33 %	3.24 %	10.0
Monarch Networth Capital Ltd	2,577 Cr.	328	501/226	16.6	93.0	0.15 %	51.8 %	43.4 %	10.0
Monotype India Ltd	52.0 Cr.	0.74	2.42/0.63	6.51	0.13	0.00 %	438 %	%	1.00
Multipurpose Trading & Agencies Ltd	4.85 Cr.	9.79	13.3/7.93	25.5	10.2	0.00 %	4.44 %	3.91 %	10.0
Industry Average	6,715.03 Cr	1,388.24		84.40	5,208.09	0.37%	18.65%	17.36%	7.36

All Competitor Stocks of Maha Rashtra Apex Corporation Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	0.74	0.66	0.52	0.04	1.08	0.57	0.48	0.73	0.63	6.88	0.53	0.48	0.05
Expenses	1.04	1.32	2.29	0.13	1.04	3.00	0.93	0.87	90.81	1.25	1.01	9.28	13.01
Operating Profit	-0.30	-0.66	-1.77	-0.09	0.04	-2.43	-0.45	-0.14	-90.18	5.63	-0.48	-8.80	-12.96
OPM %	-40.54%	-100.00%	-340.38%	-225.00%	3.70%	-426.32%	-93.75%	-19.18%	-14,314.29%	81.83%	-90.57%	-1,833.33%	-25,920.00%
Other Income	2.00	0.92	3.39	1.13	0.37	2.52	0.84	3.03	0.50	428.75	12.53	0.84	6.31
Interest	0.00	0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.01	0.01	0.00
Depreciation	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Profit before tax	1.69	0.23	1.61	1.03	0.40	0.08	0.38	2.88	-89.70	434.37	12.03	-7.98	-6.66
Tax %	1.78%	243.48%	0.00%	0.00%	2.50%	-225.00%	0.00%	15.62%	0.00%	0.24%	0.00%	-0.13%	2.10%
Net Profit	1.66	-0.33	1.61	1.03	0.39	0.25	0.38	2.42	-89.70	433.30	12.03	-7.97	-6.80
EPS in Rs	1.17	-0.23	1.14	0.73	0.28	0.18	0.27	1.71	-63.39	306.22	8.50	-5.63	-4.81

Last Updated: February 28, 2025, 6:37 pm

Below is a detailed analysis of the quarterly data for Maha Rashtra Apex Corporation Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is ₹0.05 Cr.. The value appears to be declining and may need further review. It has decreased from 0.48 Cr. (Sep 2024) to ₹0.05 Cr., marking a decrease of 0.43 Cr..
For Expenses, as of Dec 2024, the value is ₹13.01 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 9.28 Cr. (Sep 2024) to ₹13.01 Cr., marking an increase of 3.73 Cr..
For Operating Profit, as of Dec 2024, the value is ₹-12.96 Cr.. The value appears to be declining and may need further review. It has decreased from -8.80 Cr. (Sep 2024) to ₹-12.96 Cr., marking a decrease of 4.16 Cr..
For OPM %, as of Dec 2024, the value is -25,920.00%. The value appears to be declining and may need further review. It has decreased from -1,833.33% (Sep 2024) to -25,920.00%, marking a decrease of 24,086.67%.
For Other Income, as of Dec 2024, the value is ₹6.31 Cr.. The value appears strong and on an upward trend. It has increased from 0.84 Cr. (Sep 2024) to ₹6.31 Cr., marking an increase of 5.47 Cr..
For Interest, as of Dec 2024, the value is ₹0.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 0.01 Cr. (Sep 2024) to ₹0.00 Cr., marking a decrease of 0.01 Cr..
For Depreciation, as of Dec 2024, the value is ₹0.01 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 0.01 Cr..
For Profit before tax, as of Dec 2024, the value is ₹-6.66 Cr.. The value appears strong and on an upward trend. It has increased from -7.98 Cr. (Sep 2024) to ₹-6.66 Cr., marking an increase of 1.32 Cr..
For Tax %, as of Dec 2024, the value is 2.10%. The value appears to be increasing, which may not be favorable. It has increased from -0.13% (Sep 2024) to 2.10%, marking an increase of 2.23%.
For Net Profit, as of Dec 2024, the value is ₹-6.80 Cr.. The value appears strong and on an upward trend. It has increased from -7.97 Cr. (Sep 2024) to ₹-6.80 Cr., marking an increase of 1.17 Cr..
For EPS in Rs, as of Dec 2024, the value is -4.81. The value appears strong and on an upward trend. It has increased from -5.63 (Sep 2024) to -4.81, marking an increase of 0.82.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 3:36 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	3	2	2	1	9	10	9	5	8	8	9	9	8
Expenses	2	1	5	3	4	5	5	7	3	9	52	4	25
Operating Profit	1	0	-3	-1	5	5	4	-1	5	-1	-43	6	-17
OPM %	32%	15%	-152%	-97%	53%	51%	45%	-20%	62%	-8%	-500%	59%	-209%
Other Income	3	1	6	3	3	1	7	15	27	3	2	342	448
Interest	4	3	3	2	2	1	1	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	-1	-2	0	-0	6	5	10	14	32	2	-42	348	432
Tax %	4%	2%	58%	60%	1%	17%	-0%	0%	-5%	30%	0%	0%
Net Profit	-1	-2	0	-0	29	54	10	14	34	1	-42	346	431
EPS in Rs	-0.59	-1.26	0.05	-0.06	20.54	38.13	7.08	9.68	23.83	0.95	-29.60	244.81	304.28
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-100.00%	100.00%	86.21%	-81.48%	40.00%	142.86%	-97.06%	-4300.00%	923.81%
Change in YoY Net Profit Growth (%)	0.00%	200.00%	-13.79%	-167.69%	121.48%	102.86%	-239.92%	-4202.94%	5223.81%

Maha Rashtra Apex Corporation Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	20%
5 Years:	0%
3 Years:	4%
TTM:	229%

Compounded Profit Growth
10 Years:	62%
5 Years:	146%
3 Years:	120%
TTM:	587%

Stock Price CAGR
10 Years:	37%
5 Years:	18%
3 Years:	4%
1 Year:	-15%

Return on Equity
10 Years:	%
5 Years:	43%
3 Years:	53%
Last Year:	119%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 8:35 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	14	14	14	14	14	14	14	14	14	14	14	14	14
Reserves	-84	-87	-87	-87	23	77	87	101	135	136	99	447	436
Borrowings	3	4	10	0	6	6	6	6	0	0	0	0	0
Other Liabilities	147	144	143	132	109	105	103	107	111	110	96	87	87
Total Liabilities	80	75	80	60	152	201	211	228	261	261	209	549	538
Fixed Assets	7	7	7	7	3	3	3	3	3	3	3	3	4
CWIP	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments	19	19	19	19	139	190	196	209	238	236	188	519	508
Other Assets	53	50	54	34	10	8	12	16	19	22	18	27	26
Total Assets	80	75	80	60	152	201	211	228	261	261	209	549	538

Below is a detailed analysis of the balance sheet data for Maha Rashtra Apex Corporation Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹14.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 14.00 Cr..
For Reserves, as of Sep 2024, the value is ₹436.00 Cr.. The value appears to be declining and may need further review. It has decreased from 447.00 Cr. (Mar 2024) to ₹436.00 Cr., marking a decrease of 11.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹0.00 Cr.. The value remains steady. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹87.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 87.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹538.00 Cr.. The value appears to be improving (decreasing). It has decreased from 549.00 Cr. (Mar 2024) to ₹538.00 Cr., marking a decrease of 11.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹4.00 Cr.. The value appears strong and on an upward trend. It has increased from 3.00 Cr. (Mar 2024) to ₹4.00 Cr., marking an increase of 1.00 Cr..
For CWIP, as of Sep 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
For Investments, as of Sep 2024, the value is ₹508.00 Cr.. The value appears to be declining and may need further review. It has decreased from 519.00 Cr. (Mar 2024) to ₹508.00 Cr., marking a decrease of 11.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹26.00 Cr.. The value appears to be declining and may need further review. It has decreased from 27.00 Cr. (Mar 2024) to ₹26.00 Cr., marking a decrease of 1.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹538.00 Cr.. The value appears to be declining and may need further review. It has decreased from 549.00 Cr. (Mar 2024) to ₹538.00 Cr., marking a decrease of 11.00 Cr..

Notably, the Reserves (436.00 Cr.) exceed the Borrowings (0.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	19	11	15	-1	-0	0	-2	5	1	-2	-8	-9
Cash from Investing Activity +	3	1	1	1	-0	-0	6	-0	-0	1	5	6
Cash from Financing Activity +	-15	-13	-10	-11	-0	-1	-1	-6	1	1	1	0
Net Cash Flow	7	-2	6	-12	-0	-1	3	-1	1	-0	-2	-2

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-2.00	-4.00	-13.00	-1.00	-1.00	-1.00	-2.00	-7.00	5.00	-1.00	-43.00	6.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	1,309	2,131	1,453	1,513	15	16	27	18	8	9	5	8
Inventory Days
Days Payable
Cash Conversion Cycle	1,309	2,131	1,453	1,513	15	16	27	18	8	9	5	8
Working Capital Days	-14,885	-25,835	-19,688	-27,216	-4,496	-3,737	-3,914	-6,776	-4,515	-4,571	-3,675	-2,748
ROCE %						8%	4%	12%	23%	-0%	-33%	120%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%	62.54%
DIIs	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Public	37.45%	37.45%	37.46%	37.46%	37.46%	37.47%	37.46%	37.45%	37.46%	37.46%	37.46%	37.46%
No. of Shareholders	10,399	10,568	10,774	10,478	10,430	10,516	10,340	10,727	10,834	11,650	12,835	15,578

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	245.82	-29.72	0.95	23.93	9.72
Diluted EPS (Rs.)	245.82	-29.72	0.95	23.93	9.72
Cash EPS (Rs.)	5.53	3.67	3.65	5.83	-0.56
Book Value[Excl.RevalReserv]/Share (Rs.)	326.43	80.01	106.53	105.47	81.56
Book Value[Incl.RevalReserv]/Share (Rs.)	326.43	80.01	106.53	105.47	81.56
Revenue From Operations / Share (Rs.)	6.17	1.51	2.76	2.17	2.86
PBDIT / Share (Rs.)	4.92	2.91	3.20	3.86	-0.60
PBIT / Share (Rs.)	4.89	2.88	3.17	3.84	-0.62
PBT / Share (Rs.)	6.57	3.73	4.04	4.69	-0.57
Net Profit / Share (Rs.)	5.50	3.65	3.63	5.81	-0.58
NP After MI And SOA / Share (Rs.)	245.37	-29.66	0.95	23.88	9.70
PBDIT Margin (%)	79.63	192.90	116.10	177.81	-21.11
PBIT Margin (%)	79.17	191.00	115.16	176.75	-21.84
PBT Margin (%)	106.48	247.00	146.51	215.83	-20.15
Net Profit Margin (%)	89.09	241.67	131.50	267.43	-20.45
NP After MI And SOA Margin (%)	3975.34	-1966.06	34.47	1099.83	338.94
Return on Networth / Equity (%)	75.16	-37.07	0.89	22.64	11.90
Return on Capital Employeed (%)	1.49	3.59	2.98	3.63	-0.76
Return On Assets (%)	63.13	-20.03	0.51	12.93	6.00
Asset Turnover Ratio (%)	0.02	0.00	0.01	0.00	0.00
Current Ratio (X)	0.19	0.14	0.16	0.13	0.10
Quick Ratio (X)	0.19	0.14	0.16	0.13	0.10
Interest Coverage Ratio (X)	475.29	1521.81	273.88	179.32	-2.21
Interest Coverage Ratio (Post Tax) (X)	368.69	1464.81	236.26	230.29	-2.32
Enterprise Value (Cr.)	185.77	122.56	126.99	87.84	94.07
EV / Net Operating Revenue (X)	21.32	57.54	32.63	28.65	23.27
EV / EBITDA (X)	26.77	29.83	28.10	16.11	-110.20
MarketCap / Net Operating Revenue (X)	21.39	59.02	33.89	30.32	24.19
Price / BV (X)	0.40	1.11	0.87	0.62	0.84
Price / Net Operating Revenue (X)	21.39	59.05	33.90	30.33	24.19
EarningsYield	1.86	-0.33	0.01	0.36	0.14

After reviewing the key financial ratios for Maha Rashtra Apex Corporation Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is 245.82. This value is within the healthy range. It has increased from -29.72 (Mar 23) to 245.82, marking an increase of 275.54.
For Diluted EPS (Rs.), as of Mar 24, the value is 245.82. This value is within the healthy range. It has increased from -29.72 (Mar 23) to 245.82, marking an increase of 275.54.
For Cash EPS (Rs.), as of Mar 24, the value is 5.53. This value is within the healthy range. It has increased from 3.67 (Mar 23) to 5.53, marking an increase of 1.86.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 326.43. It has increased from 80.01 (Mar 23) to 326.43, marking an increase of 246.42.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 326.43. It has increased from 80.01 (Mar 23) to 326.43, marking an increase of 246.42.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 6.17. It has increased from 1.51 (Mar 23) to 6.17, marking an increase of 4.66.
For PBDIT / Share (Rs.), as of Mar 24, the value is 4.92. This value is within the healthy range. It has increased from 2.91 (Mar 23) to 4.92, marking an increase of 2.01.
For PBIT / Share (Rs.), as of Mar 24, the value is 4.89. This value is within the healthy range. It has increased from 2.88 (Mar 23) to 4.89, marking an increase of 2.01.
For PBT / Share (Rs.), as of Mar 24, the value is 6.57. This value is within the healthy range. It has increased from 3.73 (Mar 23) to 6.57, marking an increase of 2.84.
For Net Profit / Share (Rs.), as of Mar 24, the value is 5.50. This value is within the healthy range. It has increased from 3.65 (Mar 23) to 5.50, marking an increase of 1.85.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 245.37. This value is within the healthy range. It has increased from -29.66 (Mar 23) to 245.37, marking an increase of 275.03.
For PBDIT Margin (%), as of Mar 24, the value is 79.63. This value is within the healthy range. It has decreased from 192.90 (Mar 23) to 79.63, marking a decrease of 113.27.
For PBIT Margin (%), as of Mar 24, the value is 79.17. This value exceeds the healthy maximum of 20. It has decreased from 191.00 (Mar 23) to 79.17, marking a decrease of 111.83.
For PBT Margin (%), as of Mar 24, the value is 106.48. This value is within the healthy range. It has decreased from 247.00 (Mar 23) to 106.48, marking a decrease of 140.52.
For Net Profit Margin (%), as of Mar 24, the value is 89.09. This value exceeds the healthy maximum of 10. It has decreased from 241.67 (Mar 23) to 89.09, marking a decrease of 152.58.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 3,975.34. This value exceeds the healthy maximum of 20. It has increased from -1,966.06 (Mar 23) to 3,975.34, marking an increase of 5,941.40.
For Return on Networth / Equity (%), as of Mar 24, the value is 75.16. This value is within the healthy range. It has increased from -37.07 (Mar 23) to 75.16, marking an increase of 112.23.
For Return on Capital Employeed (%), as of Mar 24, the value is 1.49. This value is below the healthy minimum of 10. It has decreased from 3.59 (Mar 23) to 1.49, marking a decrease of 2.10.
For Return On Assets (%), as of Mar 24, the value is 63.13. This value is within the healthy range. It has increased from -20.03 (Mar 23) to 63.13, marking an increase of 83.16.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.02. It has increased from 0.00 (Mar 23) to 0.02, marking an increase of 0.02.
For Current Ratio (X), as of Mar 24, the value is 0.19. This value is below the healthy minimum of 1.5. It has increased from 0.14 (Mar 23) to 0.19, marking an increase of 0.05.
For Quick Ratio (X), as of Mar 24, the value is 0.19. This value is below the healthy minimum of 1. It has increased from 0.14 (Mar 23) to 0.19, marking an increase of 0.05.
For Interest Coverage Ratio (X), as of Mar 24, the value is 475.29. This value is within the healthy range. It has decreased from 1,521.81 (Mar 23) to 475.29, marking a decrease of 1,046.52.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 368.69. This value is within the healthy range. It has decreased from 1,464.81 (Mar 23) to 368.69, marking a decrease of 1,096.12.
For Enterprise Value (Cr.), as of Mar 24, the value is 185.77. It has increased from 122.56 (Mar 23) to 185.77, marking an increase of 63.21.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 21.32. This value exceeds the healthy maximum of 3. It has decreased from 57.54 (Mar 23) to 21.32, marking a decrease of 36.22.
For EV / EBITDA (X), as of Mar 24, the value is 26.77. This value exceeds the healthy maximum of 15. It has decreased from 29.83 (Mar 23) to 26.77, marking a decrease of 3.06.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 21.39. This value exceeds the healthy maximum of 3. It has decreased from 59.02 (Mar 23) to 21.39, marking a decrease of 37.63.
For Price / BV (X), as of Mar 24, the value is 0.40. This value is below the healthy minimum of 1. It has decreased from 1.11 (Mar 23) to 0.40, marking a decrease of 0.71.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 21.39. This value exceeds the healthy maximum of 3. It has decreased from 59.05 (Mar 23) to 21.39, marking a decrease of 37.66.
For EarningsYield, as of Mar 24, the value is 1.86. This value is below the healthy minimum of 5. It has increased from -0.33 (Mar 23) to 1.86, marking an increase of 2.19.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Maha Rashtra Apex Corporation Ltd as of April 4, 2025 is: 114.25

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of April 4, 2025, Maha Rashtra Apex Corporation Ltd is Undervalued by 1.11% compared to the current share price 113.00

Intrinsic Value of Maha Rashtra Apex Corporation Ltd as of April 4, 2025 is: 190.15

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 4, 2025, Maha Rashtra Apex Corporation Ltd is Undervalued by 68.27% compared to the current share price 113.00

Last 5 Year EPS CAGR: 66.43%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of -9.50, which is a positive sign. The company has higher reserves (92.00 cr) compared to borrowings (3.15 cr), indicating strong financial stability. The company has shown consistent growth in sales (6.38 cr) and profit (61.85 cr) over the years.	The stock has a low average ROCE of 11.17%, which may not be favorable. The stock has a high average Cash Conversion Cycle of 9.25, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Maha Rashtra Apex Corporation Ltd:
1. Net Profit Margin: 89.09%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 1.49% (Industry Average ROCE: 18.4%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 75.16% (Industry Average ROE: 15.87%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 368.69
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.19
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 0.37 (Industry average Stock P/E: 63.72)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Maha Rashtra Apex Corporation Ltd. is a Public Limited Listed company incorporated on 26/03/1943 and has its registered office in the State of Karnataka, India. Company's Corporate Identification Number(CIN) is L85110KA1943PLC001177 and registration number is 001177. Currently company belongs to the Industry of Finance & Investments. Company's Total Operating Revenue is Rs. 6.69 Cr. and Equity Capital is Rs. 14.12 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Finance & Investments	3rd Floor, Front Wing, North Block, Manipal Centre, Bengaluru Karnataka 560042	mracl.ho@manipal.com http://www.maharashtraapex.com

Management
Name	Position Held
Mr. K B Shetty	Chairman
Mr. Aspi Nariman Katgara	Managing Director
Mrs. V B Jyothi	Director
Mr. Nagarajan Sivarmakrishnan	Director
Mr. Yazdin Jimmy Mistry	Director
Mrs. Vidya Mananjay More	Director

FAQ

What is the intrinsic value of Maha Rashtra Apex Corporation Ltd?

Maha Rashtra Apex Corporation Ltd's intrinsic value (as of 04 April 2025) is ₹114.25 — 1.11% higher the current market price of 113.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 160 Cr. market cap, FY2025-2026 high/low of ₹218/97.8, reserves of 436 Cr, and liabilities of 538 Cr.

What is the Market Cap of Maha Rashtra Apex Corporation Ltd?

The Market Cap of Maha Rashtra Apex Corporation Ltd is 160 Cr..

What is the current Stock Price of Maha Rashtra Apex Corporation Ltd as on 04 April 2025?

The current stock price of Maha Rashtra Apex Corporation Ltd as on 04 April 2025 is 113.

What is the High / Low of Maha Rashtra Apex Corporation Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Maha Rashtra Apex Corporation Ltd stocks is ₹218/97.8.

What is the Stock P/E of Maha Rashtra Apex Corporation Ltd?

The Stock P/E of Maha Rashtra Apex Corporation Ltd is 0.37.

What is the Book Value of Maha Rashtra Apex Corporation Ltd?

The Book Value of Maha Rashtra Apex Corporation Ltd is 318.

What is the Dividend Yield of Maha Rashtra Apex Corporation Ltd?

The Dividend Yield of Maha Rashtra Apex Corporation Ltd is 0.00 %.

What is the ROCE of Maha Rashtra Apex Corporation Ltd?

The ROCE of Maha Rashtra Apex Corporation Ltd is 120 %.

What is the ROE of Maha Rashtra Apex Corporation Ltd?

The ROE of Maha Rashtra Apex Corporation Ltd is 119 %.

What is the Face Value of Maha Rashtra Apex Corporation Ltd?

The Face Value of Maha Rashtra Apex Corporation Ltd is 10.0.