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Last Updated on: 11 October, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Maharashtra Scooters Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: October 10, 2024, 11:58 pm

Market Cap 12,926 Cr.
Current Price 11,309
High / Low12,788/6,702
Stock P/E58.4
Book Value 23,640
Dividend Yield1.50 %
ROCE0.88 %
ROE0.87 %
Face Value 10.0
PEG Ratio27.31

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

View Share Price Target for Maharashtra Scooters Ltd

Competitors of Maharashtra Scooters Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
HCKK Ventures Ltd 52.8 Cr. 142154/77.4230 11.30.00 %8.17 %6.44 % 10.0
HB Portfolio Ltd 131 Cr. 121177/49.113.7 2660.82 %3.34 %2.90 % 10.0
Haryana Capfin Ltd 181 Cr. 348448/10963.2 7690.00 %1.30 %0.97 % 10.0
Harmony Capital Services Ltd 12.4 Cr. 41.573.4/36.2 4.470.00 %6.55 %5.09 % 10.0
Gujarat Credit Corporation Ltd 83.8 Cr. 33.537.4/18.2 5.560.00 %0.06 %0.79 % 10.0
Industry Average9,023.59 Cr584.6270.344,706.654.86%15.34%17.19%7.41

All Competitor Stocks of Maharashtra Scooters Ltd

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales4.287.532.70166.5710.4710.377.25192.397.479.245.26205.926.37
Expenses5.287.923.323.465.787.694.726.334.117.494.055.615.16
Operating Profit-1.00-0.39-0.62163.114.692.682.53186.063.361.751.21200.311.21
OPM %-23.36%-5.18%-22.96%97.92%44.79%25.84%34.90%96.71%44.98%18.94%23.00%97.28%19.00%
Other Income3.843.723.990.070.250.040.060.041.240.060.000.110.70
Interest0.000.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation0.480.490.500.490.490.490.490.490.510.530.520.520.51
Profit before tax2.362.842.87162.694.452.232.10185.614.091.280.69199.901.40
Tax %-11.86%1.06%25.44%16.59%25.84%29.60%31.90%-2.38%26.41%35.94%30.43%1.09%28.57%
Net Profit2.642.812.14135.703.301.571.43190.033.010.820.48197.731.00
EPS in Rs2.312.461.87118.742.891.371.25166.282.630.720.42173.010.87

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales774798829521130194216227
Expenses2110912151420202020202322
Operating Profit-14-3-5-5-6-6617519111174194204
OPM %-209%-50%-115%-72%-72%-69%75%79%90%35%90%90%90%
Other Income8535363108211130011
Interest0000000000000
Depreciation1113111222222
Profit before tax-64948551011461741929172193203
Tax %0%0%0%0%0%9%1%2%6%3%17%-1%
Net Profit-64948551011361731809143195200
EPS in Rs-5.6842.7341.6547.9188.3711.4453.1663.70157.457.71124.87170.88175.02
Dividend Payout %-18%47%60%63%34%262%62%52%32%649%64%35%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)916.67%-2.04%14.58%83.64%-87.13%369.23%19.67%146.58%-95.00%1488.89%36.36%
Change in YoY Net Profit Growth (%)0.00%-918.71%16.62%69.05%-170.77%456.36%-349.56%126.90%-241.58%1583.89%-1452.53%

Maharashtra Scooters Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:49%
5 Years:19%
3 Years:94%
TTM:5%
Compounded Profit Growth
10 Years:16%
5 Years:23%
3 Years:184%
TTM:14%
Stock Price CAGR
10 Years:28%
5 Years:20%
3 Years:33%
1 Year:42%
Return on Equity
10 Years:1%
5 Years:1%
3 Years:1%
Last Year:1%

Last Updated: Unknown

Balance Sheet

Last Updated: September 15, 2024, 3:15 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital111111111111111111111111
Reserves2132272413016,5418,21411,3128,19916,23222,84219,03127,005
Borrowings-0-0-0-0-0-0-0-0-0-0-0-0
Other Liabilities586266252018391141,0361,8461,3552,377
Total Liabilities2833003183376,5728,24311,7148,22517,28024,69920,39829,394
Fixed Assets7747713151514131210
CWIP-0-0-0-0-0-0-0-0-0-0-0-0
Investments2232602712806,5118,19611,6808,08017,18924,65420,36429,362
Other Assets5233435054342013076332222
Total Assets2833003183376,5728,24311,7148,22517,28024,69920,39829,394

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity -8-6-10-8-3311-7-6119209206
Cash from Investing Activity 33154181354045195-68-62-3-12
Cash from Financing Activity -1-26-33-80-2-41-45-113-1-58-205-194
Net Cash Flow24-17-2-600-075-75-000

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-14.00-3.00-5.00-5.00-6.00-6.0061.0075.00191.0011.00174.00194.00

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

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days1381141379995151488219113
Inventory Days7588134421115772163
Days Payable10021427374040899
Cash Conversion Cycle113-132431041663378814619113
Working Capital Days-1,232-2,797-2,141-203-4314410331107
ROCE %21%20%20%35%0%1%1%2%0%1%1%1%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters51.00%51.00%51.00%51.00%51.05%51.05%51.00%51.00%51.00%51.00%51.00%51.00%
FIIs4.41%4.30%4.23%3.73%3.61%3.66%3.90%3.93%4.06%4.16%4.39%4.42%
DIIs3.09%3.08%3.10%3.67%4.47%4.53%4.53%4.78%4.89%5.15%5.10%5.08%
Government0.00%0.00%0.00%0.00%0.00%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public41.50%41.62%41.67%41.60%40.87%40.74%40.55%40.29%40.05%39.68%39.50%39.47%
No. of Shareholders18,83419,48920,40122,91422,61621,70121,18720,68119,66220,57320,07320,715

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Parag Parikh ELSS Tax Saver Fund153,5865.19121.17153,5862024-10-090%
Parag Parikh Flexi Cap Fund80,1590.1363.24153,5862024-10-09-47.81%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)174.40170.88124.877.71157.45
Diluted EPS (Rs.)174.40170.88124.877.71157.45
Cash EPS (Rs.)176.19172.65126.599.40159.04
Book Value[Excl.RevalReserv]/Share (Rs.)23636.6816662.4219996.2814213.087184.41
Book Value[Incl.RevalReserv]/Share (Rs.)23636.6816662.4219996.2814213.087184.41
Dividend / Share (Rs.)170.00160.0080.0050.0050.00
Revenue From Operations / Share (Rs.)194.86189.3115.0413.3713.45
PBDIT / Share (Rs.)178.68170.71152.439.61169.41
PBIT / Share (Rs.)176.87168.95150.717.91167.82
PBT / Share (Rs.)176.87168.95150.717.91167.82
Net Profit / Share (Rs.)174.37170.88124.877.71157.45
PBDIT Margin (%)91.6990.171013.4271.851259.24
PBIT Margin (%)90.7689.241001.9859.191247.43
PBT Margin (%)90.7689.241001.9859.191247.43
Net Profit Margin (%)89.4890.26830.2357.671170.32
Return on Networth / Equity (%)0.731.020.620.052.19
Return on Capital Employeed (%)0.680.940.690.052.33
Return On Assets (%)0.670.950.570.052.18
Asset Turnover Ratio (%)0.010.010.000.000.00
Current Ratio (X)4823.893362.4217.239.3116.23
Quick Ratio (X)4823.293361.7916.428.9915.95
Inventory Turnover Ratio (X)1.481.371.882.413.86
Dividend Payout Ratio (NP) (%)97.48105.3340.040.0052.71
Dividend Payout Ratio (CP) (%)96.47104.2539.490.0052.18
Earning Retention Ratio (%)2.52-5.3359.960.0047.29
Cash Earning Retention Ratio (%)3.53-4.2560.510.0047.82
Enterprise Value (Cr.)8167.504810.454200.584026.392265.18
EV / Net Operating Revenue (X)36.6722.23244.37263.52147.32
EV / EBITDA (X)39.9924.6624.11366.7411.70
MarketCap / Net Operating Revenue (X)36.7022.26244.63267.20152.65
Retention Ratios (%)2.51-5.3359.950.0047.28
Price / BV (X)0.300.250.180.250.28
Price / Net Operating Revenue (X)36.7022.26244.64267.21152.66
EarningsYield0.020.040.030.000.07

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Maharashtra Scooters Ltd as of October 11, 2024 is: ₹12,191.18

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 October 11, 2024, Maharashtra Scooters Ltd is Undervalued by 7.80% compared to the current share price ₹11,309.00

Intrinsic Value of Maharashtra Scooters Ltd as of October 11, 2024 is: ₹12,451.87

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 October 11, 2024, Maharashtra Scooters Ltd is Undervalued by 10.11% compared to the current share price ₹11,309.00

Last 5 Year EPS CAGR: 2.14%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Working Capital Days of -7.58, which is a positive sign.
  2. The company has higher reserves (10,029.83 cr) compared to borrowings (0.00 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (84.38 cr) and profit (89.62 cr) over the years.
  1. The stock has a low average ROCE of 8.58%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 75.92, 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 Maharashtra Scooters Ltd:
    1. Net Profit Margin: 89.48%
      • 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: 0.68% (Industry Average ROCE: 15.14%)
      • 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%: 0.73% (Industry Average ROE: 15.85%)
      • 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): 0
      • 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: 4823.29
      • 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: 58.4 (Industry average Stock P/E: 56.18)
      • 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

No data availabale for About the Company
INDUSTRYADDRESSCONTACT
Industry not foundAddress not foundContact not found
Management Data not Available

FAQ

What is the latest fair value of Maharashtra Scooters Ltd?

The latest fair value of Maharashtra Scooters Ltd is ₹12191.18.

What is the Market Cap of Maharashtra Scooters Ltd?

The Market Cap of Maharashtra Scooters Ltd is 12,926 Cr..

What is the current Stock Price of Maharashtra Scooters Ltd as on 11 October 2024?

The current stock price of Maharashtra Scooters Ltd as on 11 October 2024 is ₹11,309.

What is the High / Low of Maharashtra Scooters Ltd stocks in FY 2024?

In FY 2024, the High / Low of Maharashtra Scooters Ltd stocks is 12,788/6,702.

What is the Stock P/E of Maharashtra Scooters Ltd?

The Stock P/E of Maharashtra Scooters Ltd is 58.4.

What is the Book Value of Maharashtra Scooters Ltd?

The Book Value of Maharashtra Scooters Ltd is 23,640.

What is the Dividend Yield of Maharashtra Scooters Ltd?

The Dividend Yield of Maharashtra Scooters Ltd is 1.50 %.

What is the ROCE of Maharashtra Scooters Ltd?

The ROCE of Maharashtra Scooters Ltd is 0.88 %.

What is the ROE of Maharashtra Scooters Ltd?

The ROE of Maharashtra Scooters Ltd is 0.87 %.

What is the Face Value of Maharashtra Scooters Ltd?

The Face Value of Maharashtra Scooters Ltd is 10.0.

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 Maharashtra Scooters 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