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Last Updated on: 23 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Maharashtra Scooters Ltd

About the Company - Maharashtra Scooters Ltd

Maharashtra Scooters Ltd. is a Public Limited Listed company incorporated on 11/06/1975 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L35912MH1975PLC018376 and registration number is 018376. Currently Company is involved in the business activities of Trusts, funds and other financial vehicles. Company’s Total Operating Revenue is Rs. 17.19 Cr. and Equity Capital is Rs. 11.43 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Finance & InvestmentsC/o. Bajaj Auto Ltd, Pune Maharashtra 411035ssubbramaniam@bhil.in
http://www.mahascooters.com
Management
NamePosition Held
Mr. Sanjiv BajajChairman
Mr. Anish P AminDirector
Mrs. Lila PoonawallaDirector
Mr. Naresh PatniDirector
Mr. V RajagopalanDirector
Mr. Yogesh J ShahDirector

Basic Stock Data of Maharashtra Scooters Ltd

Last Updated: June 22, 2024, 10:36 pm

Market Cap 9,499 Cr.
Current Price 8,310
High / Low8,608/5,375
Stock P/E47.7
Book Value 23,640
Dividend Yield2.05 %
ROCE0.88 %
ROE0.87 %
Face Value 10.0
PEG Ratio22.31

Maharashtra Scooters Ltd Quarterly Results

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: June 14, 2024, 6:49 pm

Maharashtra Scooters Ltd Quarterly Chart

Maharashtra Scooters Ltd Profit & Loss

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%

Maharashtra Scooters Ltd Profit & Loss Yearly Chart

Maharashtra Scooters Ltd Growth

Compounded Sales Growth
10 Years:49%
5 Years:19%
3 Years:94%
TTM:3%
Compounded Profit Growth
10 Years:16%
5 Years:23%
3 Years:184%
TTM:2%
Stock Price CAGR
10 Years:29%
5 Years:12%
3 Years:30%
1 Year:49%
Return on Equity
10 Years:1%
5 Years:1%
3 Years:1%
Last Year:1%

Last Updated: June 15, 2024, 4:31 pm

Maharashtra Scooters Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital11111111111111111111111111
Reserves1912132272413016,5418,21411,3128,19916,23222,84219,03124,726
Borrowings-0-0-0-0-0-0-0-0-0-0-0-0-0
Other Liabilities37586266252018391141,0361,8461,3552,216
Total Liabilities2402833003183376,5728,24311,7148,22517,28024,69920,39826,953
Fixed Assets77747713151514131211
CWIP-0-0-0-0-0-0-0-0-0-0-0-0-0
Investments2062232602712806,5118,19611,6808,08017,18924,65420,36426,758
Other Assets2752334350543420130763322184
Total Assets2402833003183376,5728,24311,7148,22517,28024,69920,39826,953

Maharashtra Scooters Ltd Reserves and Borrowings Chart

Maharashtra Scooters Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -45-8-6-10-8-3311-7-6119209
Cash from Investing Activity 6133154181354045195-68-62-3
Cash from Financing Activity -12-1-26-33-80-2-41-45-113-1-58-205
Net Cash Flow424-17-2-600-075-75-00

Maharashtra Scooters Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days87138114137999515148821911
Inventory Days377588134421115772163
Days Payable12110021427374040899
Cash Conversion Cycle2113-13243104166337881461911
Working Capital Days21-1,232-2,797-2,141-203-431441033110
ROCE %24%21%20%20%35%0%1%1%2%0%1%1%

Maharashtra Scooters Ltd Financial Efficiency Indicators Chart

Maharashtra Scooters Ltd 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

Maharashtra Scooters Ltd Shareholding Pattern Chart

No. of Maharashtra Scooters Ltd Shareholders

Maharashtra Scooters Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Parag Parikh ELSS Tax Saver Fund153,5865.19121.1780,1592024-06-2091.6%
Parag Parikh Flexi Cap Fund80,1590.1363.2480,1592024-06-200%

Maharashtra Scooters Ltd ROCE Trend

Maharashtra Scooters Ltd EPS Trend

Maharashtra Scooters Ltd 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) (%)0.00105.3340.040.0052.71
Dividend Payout Ratio (CP) (%)0.00104.2539.490.0052.18
Earning Retention Ratio (%)0.00-5.3359.960.0047.29
Cash Earning Retention Ratio (%)0.00-4.2560.510.0047.82
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 (%)0.00-5.3359.950.0047.28
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

Maharashtra Scooters Ltd Profitability Ratios (%)

Maharashtra Scooters Ltd Liquidity Ratios

Maharashtra Scooters Ltd Liquidity Ratios (%)

Maharashtra Scooters Ltd Interest Coverage Ratios (%)

Maharashtra Scooters Ltd Valuation Ratios

Fair Value

Fair Value: 10,011.48

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: 20.48% compared to the current price 8310

Intrinsic Value: 10,225.56

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: 23.05% compared to the current price ₹8310

Last 5 Year EPS CAGR: 2.14%

*Investments are subject to market risks

Strength and Weakness of Maharashtra Scooters Ltd Stock

StrengthWeakness
  1. The stock has a low average Working Capital Days of -6.42, which is a positive sign.
  2. The company has higher reserves (9,097.69 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 10.50%, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 75.83, which may not be favorable.

FAQ

What is the latest fair value of Maharashtra Scooters Ltd?

The latest fair value of Maharashtra Scooters Ltd is ₹10011.48.

What is the Market Cap of Maharashtra Scooters Ltd?

The Market Cap of Maharashtra Scooters Ltd is 9,499 Cr..

What is the current Stock Price of Maharashtra Scooters Ltd as on 23 June 2024?

The current stock price of Maharashtra Scooters Ltd as on 23 June 2024 is ₹8,310.

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 8,608/5,375.

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

The Stock P/E of Maharashtra Scooters Ltd is 47.7.

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 2.05 %.

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