Fundamental Analysis of Maha Rashtra Apex Corporation Ltd
About the Company - Maha Rashtra Apex Corporation Ltd
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. 1.64 Cr. and Equity Capital is Rs. 14.12 Cr. for the Year ended 31/03/2022.
Maha Rashtra Apex Corporation Ltd Quarterly Results
Month
Dec 2020
Mar 2021
Jun 2021
Sep 2021
Dec 2021
Mar 2022
Jun 2022
Sep 2022
Dec 2022
Mar 2023
Jun 2023
Sep 2023
Dec 2023
Sales
1
1
0
2
1
1
1
0
1
1
0
1
1
Expenses
1
1
1
5
1
1
2
0
1
3
1
1
91
Operating Profit
-0
0
-0
-3
-0
-1
-2
-0
0
-2
-0
-0
-90
OPM %
-12%
26%
-76%
-153%
-41%
-100%
-340%
-225%
4%
-426%
-94%
-19%
-14,314%
Other Income
3
1
1
3
2
1
3
1
0
3
1
3
0
Interest
0
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
0
Profit before tax
3
1
1
-1
2
0
2
1
0
0
0
3
-90
Tax %
1%
41%
0%
0%
2%
243%
0%
0%
2%
-225%
0%
16%
0%
Net Profit
3
1
1
-1
2
-0
2
1
0
0
0
2
-90
EPS in Rs
2.35
0.56
0.39
-0.38
1.17
-0.23
1.14
0.73
0.28
0.18
0.27
1.71
-63.39
Last Updated: July 10, 2024, 7:24 pm
Maha Rashtra Apex Corporation Ltd Quarterly Chart
Maha Rashtra Apex Corporation Ltd Profit & Loss
Last Updated: July 10, 2024, 7:24 pm
Month
Mar 2012
Mar 2013
Mar 2014
Mar 2015
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
TTM
Sales
2.34
2.74
1.55
2.03
1.31
8.75
10.04
9.49
5.41
8.38
7.95
8.64
2.86
Expenses
2.13
1.87
1.32
5.12
2.58
4.12
4.89
5.19
6.51
3.15
8.55
56.78
5.84
Operating Profit
0.21
0.87
0.23
-3.09
-1.27
4.63
5.15
4.30
-1.10
5.23
-0.60
-48.14
-2.98
OPM %
8.97%
31.75%
14.84%
-152.22%
-96.95%
52.91%
51.29%
45.31%
-20.33%
62.41%
-7.55%
-557.18%
-104.20%
Other Income
2.79
2.77
1.22
6.09
3.43
2.92
0.95
6.81
15.23
26.97
2.58
6.42
6.76
Interest
5.11
4.16
2.94
2.78
2.15
1.59
1.43
1.08
0.39
0.03
0.02
0.00
0.00
Depreciation
0.33
0.29
0.24
0.03
0.06
0.03
0.03
0.05
0.03
0.03
0.04
0.04
0.04
Profit before tax
-2.44
-0.81
-1.73
0.19
-0.05
5.93
4.64
9.98
13.71
32.14
1.92
-41.76
3.74
Tax %
0.00%
-3.70%
-2.31%
57.89%
-60.00%
1.35%
16.59%
-0.30%
0.07%
-4.92%
30.21%
-0.26%
Net Profit
-2.45
-0.84
-1.78
0.07
-0.08
29.06
53.95
10.02
13.70
33.72
1.34
-41.88
3.44
EPS in Rs
-1.73
-0.59
-1.26
0.05
-0.06
20.54
38.13
7.08
9.68
23.83
0.95
-29.60
2.44
Dividend Payout %
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Maha Rashtra Apex Corporation Ltd Profit & Loss Yearly Chart
Maha Rashtra Apex Corporation Ltd Growth
Compounded Sales Growth
10 Years:
19%
5 Years:
-2%
3 Years:
1%
TTM:
1%
Compounded Profit Growth
10 Years:
62%
5 Years:
147%
3 Years:
120%
TTM:
894%
Stock Price CAGR
10 Years:
33%
5 Years:
15%
3 Years:
12%
1 Year:
2%
Return on Equity
10 Years:
%
5 Years:
43%
3 Years:
53%
Last Year:
120%
Last Updated: July 25, 2024, 7:22 am
Maha Rashtra Apex Corporation Ltd Balance Sheet
Last Updated: July 10, 2024, 7:24 pm
Month
Mar 2012
Mar 2013
Mar 2014
Mar 2015
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Sep 2023
Equity Capital
14
14
14
14
14
14
14
14
14
14
14
14
14
Reserves
-84
-84
-87
-87
-87
23
77
87
101
135
136
99
103
Preference Capital
0
0
0
0
0
0
0
0
0
0
0
0
Borrowings
1
2
3
9
0
6
6
6
6
0
0
0
0
Other Liabilities
153
148
145
143
132
109
105
103
107
111
110
96
94
Total Liabilities
84
80
75
80
60
152
201
211
228
261
261
210
211
Fixed Assets
9
7
7
7
7
3
3
3
3
3
3
3
3
CWIP
0
0
0
0
0
0
0
0
0
0
0
0
0
Investments
17
19
19
19
19
139
190
196
209
238
236
188
182
Other Assets
59
53
50
54
34
10
8
12
16
19
22
19
27
Total Assets
84
80
75
80
60
152
201
211
228
261
261
210
211
Maha Rashtra Apex Corporation Ltd Reserves and Borrowings Chart
Maha Rashtra Apex Corporation Ltd 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
Maha Rashtra Apex Corporation Ltd Financial Efficiency Indicators
Month
Mar 2012
Mar 2013
Mar 2014
Mar 2015
Mar 2016
Mar 2017
Mar 2018
Mar 2019
Mar 2020
Mar 2021
Mar 2022
Mar 2023
Debtor Days
1,750.13
1,309.47
2,131.13
1,452.81
1,512.94
15.43
16.36
26.54
18.22
7.84
9.18
5.49
Inventory Days
Days Payable
Cash Conversion Cycle
1,750.13
1,309.47
2,131.13
1,452.81
1,512.94
15.43
16.36
26.54
18.22
7.84
9.18
5.49
Working Capital Days
-17,807.01
-14,885.07
-25,834.94
-19,688.42
-27,216.18
-4,495.55
-3,736.52
-3,914.23
-6,775.78
-4,514.59
-4,570.53
-3,704.07
ROCE %
7.55%
4.44%
11.78%
22.77%
-0.35%
-32.71%
Maha Rashtra Apex Corporation Ltd Financial Efficiency Indicators Chart
Maha Rashtra Apex Corporation Ltd Share Holding Pattern
Month
Jun 2021
Sep 2021
Dec 2021
Mar 2022
Jun 2022
Sep 2022
Dec 2022
Mar 2023
Jun 2023
Sep 2023
Dec 2023
Mar 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%
37.45%
37.45%
37.45%
37.46%
37.46%
37.46%
37.47%
37.46%
37.45%
37.46%
No. of Shareholders
10,305
10,323
10,333
10,399
10,568
10,774
10,478
10,430
10,516
10,340
10,727
10,834
Maha Rashtra Apex Corporation Ltd Shareholding Pattern Chart
No. of Maha Rashtra Apex Corporation Ltd Shareholders
This stock is not held by any mutual fund
Maha Rashtra Apex Corporation Ltd ROCE Trend
Maha Rashtra Apex Corporation Ltd EPS Trend
Maha Rashtra Apex Corporation Ltd 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 (%)
3975.39
-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
Maha Rashtra Apex Corporation Ltd Profitability Ratios (%)
Maha Rashtra Apex Corporation Ltd Liquidity Ratios
Maha Rashtra Apex Corporation Ltd Liquidity Ratios (%)
Maha Rashtra Apex Corporation Ltd Interest Coverage Ratios (%)
Maha Rashtra Apex Corporation Ltd Valuation Ratios
Fair Value
Fair Value: 271.34
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.
Undervalued: 65.45% compared to the current price 164
Intrinsic Value: 205.97
Calculation basis:
Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.
Undervalued: 25.59% compared to the current price 164
Last 5 Year EPS CAGR: -24.09%
*Investments are subject to market risks
Strength and Weakness of Maha Rashtra Apex Corporation Ltd Stock
Strength
Weakness
The stock has a low average Working Capital Days of -10.75, which is a positive sign.
The company has higher reserves (63.33 cr) compared to borrowings (3.42 cr), indicating strong financial stability.
The company has shown consistent growth in sales (5.50 cr) and profit (1.96 cr) over the years.
The stock has a low average ROCE of 1.12%, which may not be favorable.
The stock has a high average Cash Conversion Cycle of 8.76, which may not be favorable.
FAQ
What is the latest fair value of Maha Rashtra Apex Corporation Ltd?
The latest fair value of Maha Rashtra Apex Corporation Ltd is ₹271.34.
What is the Market Cap of Maha Rashtra Apex Corporation Ltd?
The Market Cap of Maha Rashtra Apex Corporation Ltd is 233 Cr..
What is the current Stock Price of Maha Rashtra Apex Corporation Ltd as on 27 July 2024?
The current stock price of Maha Rashtra Apex Corporation Ltd as on 27 July 2024 is 164.
What is the High / Low of Maha Rashtra Apex Corporation Ltd stocks in FY 2024?
In FY 2024, the High / Low of Maha Rashtra Apex Corporation Ltd stocks is 185/105.
What is the Stock P/E of Maha Rashtra Apex Corporation Ltd?
The Stock P/E of Maha Rashtra Apex Corporation Ltd is 0.68.
What is the Book Value of Maha Rashtra Apex Corporation Ltd?
The Book Value of Maha Rashtra Apex Corporation Ltd is 326.
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 120 %.
What is the Face Value of Maha Rashtra Apex Corporation Ltd?
The Face Value of Maha Rashtra Apex Corporation Ltd is 10.0.
Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Maha Rashtra Apex Corporation Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
