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Last Updated on: 22 February, 2024|Author: Getaka | Social: X Twitter Profile

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.
INDUSTRYADDRESSCONTACT
Finance & Investments3rd Floor, Front Wing, Bengaluru Karnataka 560042mracl.ho@manipal.com
http://www.maharashtraapex.com
Management
NamePosition Held
Mr. K B ShettyChairman
Mr. Aspi Nariman KatgaraManaging Director
Mrs. V B JyothiDirector
Mr. Madhusudan Kudlugi RaghavendraraoDirector
Mr. Yazdin Jimmy MistryDirector
Mrs. Vidya Mananjay MoreDirector

Maha Rashtra Apex Corporation Ltd. Share Price Update

Share PriceValue
Today₹142.55
Previous Day₹149.40

Basic Stock Data of Maha Rashtra Apex Corporation Ltd

Market Cap 203 Cr.
Current Price 143
High / Low184/84.5
Stock P/E
Book Value 82.8
Dividend Yield0.00 %
ROCE32.7 %
ROE32.9 %
Face Value 10.0

Data Source: screener.in

Maha Rashtra Apex Corporation Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales0.530.801.370.382.110.740.660.520.041.080.570.480.73
Expenses0.750.901.020.675.341.041.322.290.131.043.000.930.87
Operating Profit-0.22-0.100.35-0.29-3.23-0.30-0.66-1.77-0.090.04-2.43-0.45-0.14
OPM %-41.51%-12.50%25.55%-76.32%-153.08%-40.54%-100.00%-340.38%-225.00%3.70%-426.32%-93.75%-19.18%
Other Income26.823.461.030.852.702.000.923.391.130.372.520.843.03
Interest0.000.000.030.000.000.000.020.000.000.000.000.000.00
Depreciation0.010.010.010.010.010.010.010.010.010.010.010.010.01
Profit before tax26.593.351.340.55-0.541.690.231.611.030.400.080.382.88
Tax %-7.18%1.19%41.04%0.00%0.00%1.78%243.48%0.00%0.00%2.50%-225.00%0.00%15.62%
Net Profit28.503.320.790.55-0.541.66-0.331.611.030.390.250.382.42
EPS in Rs20.142.350.560.39-0.381.17-0.231.140.730.280.180.271.71

Maha Rashtra Apex Corporation Ltd Quarterly Chart

Maha Rashtra Apex Corporation Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2.342.741.552.031.318.7510.049.495.418.387.958.642.86
Expenses2.131.871.325.122.584.124.895.196.513.158.5556.785.84
Operating Profit0.210.870.23-3.09-1.274.635.154.30-1.105.23-0.60-48.14-2.98
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 Income2.792.771.226.093.432.920.956.8115.2326.972.586.426.76
Interest5.114.162.942.782.151.591.431.080.390.030.020.000.00
Depreciation0.330.290.240.030.060.030.030.050.030.030.040.040.04
Profit before tax-2.44-0.81-1.730.19-0.055.934.649.9813.7132.141.92-41.763.74
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-2.45-0.84-1.780.07-0.0829.0653.9510.0213.7033.721.34-41.883.44
EPS in Rs-1.73-0.59-1.260.05-0.0620.5438.137.089.6823.830.95-29.602.44
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:12%
5 Years:-3%
3 Years:17%
TTM:5%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-5396%
Stock Price CAGR
10 Years:36%
5 Years:8%
3 Years:25%
1 Year:38%
Return on Equity
10 Years:%
5 Years:1%
3 Years:-3%
Last Year:-33%

Maha Rashtra Apex Corporation Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital14141414141414141414141414
Reserves-84-84-87-87-8723778710113513699103
Preference Capital000000000000
Borrowings1239066660000
Other Liabilities1531481451431321091051031071111109694
Total Liabilities8480758060152201211228261261210211
Fixed Assets9777733333333
CWIP0000000000000
Investments1719191919139190196209238236188182
Other Assets5953505434108121619221927
Total Assets8480758060152201211228261261210211

Maha Rashtra Apex Corporation Ltd Reserves and Borrowings Chart

Maha Rashtra Apex Corporation Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 6.2218.6310.5915.13-1.23-0.040.13-2.204.670.87-2.27-7.69
Cash from Investing Activity 8.232.651.280.920.58-0.28-0.216.25-0.10-0.010.565.25
Cash from Financing Activity -14.43-14.57-13.40-10.23-11.06-0.13-1.36-0.96-5.620.571.210.74
Net Cash Flow0.026.71-1.535.82-11.70-0.45-1.453.10-1.041.43-0.50-1.70

Maha Rashtra Apex Corporation Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days1,750.131,309.472,131.131,452.811,512.9415.4316.3626.5418.227.849.185.49
Inventory Days
Days Payable
Cash Conversion Cycle1,750.131,309.472,131.131,452.811,512.9415.4316.3626.5418.227.849.185.49
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

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters62.54%62.54%62.54%62.54%62.54%62.54%62.54%62.54%62.54%62.54%62.54%62.54%
DIIs0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public37.45%37.45%37.45%37.45%37.45%37.45%37.45%37.46%37.46%37.46%37.47%37.46%
No. of Shareholders10,20610,26210,30510,32310,33310,39910,56810,77410,47810,43010,51610,340

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

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-29.720.9523.939.727.11
Diluted EPS (Rs.)-29.720.9523.939.727.11
Cash EPS (Rs.)3.673.655.83-0.567.09
Book Value[Excl.RevalReserv]/Share (Rs.)80.01106.53105.4781.5671.84
Book Value[Incl.RevalReserv]/Share (Rs.)80.01106.53105.4781.5671.84
Revenue From Operations / Share (Rs.)1.512.762.172.862.08
PBDIT / Share (Rs.)2.913.203.86-0.603.33
PBIT / Share (Rs.)2.883.173.84-0.623.30
PBT / Share (Rs.)3.734.044.69-0.577.04
Net Profit / Share (Rs.)3.653.635.81-0.587.06
NP After MI And SOA / Share (Rs.)-29.660.9523.889.707.10
PBDIT Margin (%)192.90116.10177.81-21.11160.31
PBIT Margin (%)191.00115.16176.75-21.84158.78
PBT Margin (%)247.00146.51215.83-20.15338.59
Net Profit Margin (%)241.67131.50267.43-20.45339.77
NP After MI And SOA Margin (%)-1966.0634.471099.83338.94341.65
Return on Networth / Equity (%)-37.070.8922.6411.909.88
Return on Capital Employeed (%)3.592.983.63-0.764.59
Return On Assets (%)-20.030.5112.936.004.76
Asset Turnover Ratio (%)0.000.010.000.000.00
Current Ratio (X)0.140.160.130.100.07
Quick Ratio (X)0.140.160.130.100.07
Interest Coverage Ratio (X)1521.81273.88179.32-2.214.37
Interest Coverage Ratio (Post Tax) (X)1464.81236.26230.29-2.324.36
Enterprise Value (Cr.)122.56126.9987.8494.07164.11
EV / Net Operating Revenue (X)57.5432.6328.6523.2755.93
EV / EBITDA (X)29.8328.1016.11-110.2034.89
MarketCap / Net Operating Revenue (X)59.0233.8930.3224.1957.55
Price / BV (X)1.110.870.620.841.67
Price / Net Operating Revenue (X)59.0533.9030.3324.1957.56
EarningsYield-0.330.010.360.140.05

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 of Maha Rashtra Apex Corporation Ltd Stock

Fair Value: ₹416.79

The stock is undervalued by 191.46% compared to the current price ₹143

*Investments are subject to market risks

Strength and Weakness of Maha Rashtra Apex Corporation Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of -10.75, which is a positive sign.
  2. The company has higher reserves (25.54 cr) compared to borrowings (0.00 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (5.50 cr) and profit (1.96 cr) over the years.
  1. The stock has a low average ROCE of 1.12%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 8.76, which may not be favorable.

About the Author

Author Avatar
Getaka

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