BSE:500266

Stock Analysis Report

Maharashtra Scooters

Executive Summary

Maharashtra Scooters Ltd. manufactures and sells pressure die casting dies, jigs, fixtures, and components primarily for the two and three wheeler industry in India.


Snowflake Analysis

Excellent balance sheet second-rate dividend payer.

Share Price & News

How has Maharashtra Scooters's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 500266's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

6.2%

500266

-3.5%

IN Auto

-1.1%

IN Market


1 Year Return

-39.0%

500266

-45.3%

IN Auto

-31.7%

IN Market

Return vs Industry: 500266 exceeded the Indian Auto industry which returned -45.5% over the past year.

Return vs Market: 500266 underperformed the Indian Market which returned -32.1% over the past year.


Shareholder returns

500266IndustryMarket
7 Day6.2%-3.5%-1.1%
30 Day-46.0%-34.3%-25.1%
90 Day-49.8%-43.1%-30.6%
1 Year-37.8%-39.0%-44.1%-45.3%-30.3%-31.7%
3 Year16.8%11.5%-50.6%-52.4%-20.1%-24.4%
5 Year174.2%149.0%-38.4%-41.3%-11.0%-15.7%

Price Volatility Vs. Market

How volatile is Maharashtra Scooters's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Maharashtra Scooters undervalued compared to its fair value and its price relative to the market?

33.93x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 500266 (₹2090.5) is trading above our estimate of fair value (₹395.91)

Significantly Below Fair Value: 500266 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 500266 is poor value based on its PE Ratio (32.5x) compared to the Auto industry average (12.8x).

PE vs Market: 500266 is poor value based on its PE Ratio (32.5x) compared to the Indian market (9.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 500266's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 500266 is good value based on its PB Ratio (0.2x) compared to the IN Auto industry average (1.6x).


Next Steps

Future Growth

How is Maharashtra Scooters forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

10.9%

Forecasted Automobiles industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Maharashtra Scooters has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Maharashtra Scooters performed over the past 5 years?

4.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 500266 has high quality earnings.

Growing Profit Margin: 500266's current net profit margins (77.7%) are lower than last year (78.1%).


Past Earnings Growth Analysis

Earnings Trend: 500266's earnings have grown by 4% per year over the past 5 years.

Accelerating Growth: 500266's earnings growth over the past year (0%) is below its 5-year average (4% per year).

Earnings vs Industry: 500266 earnings growth over the past year (0%) underperformed the Auto industry 0%.


Return on Equity

High ROE: 500266's Return on Equity (0.5%) is considered low.


Next Steps

Financial Health

How is Maharashtra Scooters's financial position?


Financial Position Analysis

Short Term Liabilities: 500266's short term assets (₹2.1B) exceed its short term liabilities (₹124.2M).

Long Term Liabilities: 500266's short term assets (₹2.1B) do not cover its long term liabilities (₹6.8B).


Debt to Equity History and Analysis

Debt Level: 500266 is debt free.

Reducing Debt: 500266 has not had any debt for past 5 years.

Debt Coverage: 500266 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 500266 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

What is Maharashtra Scooters's current dividend yield, its reliability and sustainability?

2.29%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 500266's dividend (2.39%) is higher than the bottom 25% of dividend payers in the Indian market (0.96%).

High Dividend: 500266's dividend (2.39%) is low compared to the top 25% of dividend payers in the Indian market (4.06%).


Stability and Growth of Payments

Stable Dividend: 500266's dividend payments have been volatile in the past 10 years.

Growing Dividend: 500266's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (51.3%), 500266's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.8yrs

Average management tenure


CEO

Shriniwas Pathak (45yo)

1.75s

Tenure

₹3,799,391

Compensation

Mr. Shriniwas Pathak has been Chief Executive Officer of Maharashtra Scooters Ltd since July 1, 2018. Mr. Pathak served as Deputy General Manager of Tool Room at Maharashtra Scooters Ltd until July 1, 2018 ...


CEO Compensation Analysis

Compensation vs Market: Shriniwas's total compensation ($USD49.80K) is below average for companies of similar size in the Indian market ($USD348.25K).

Compensation vs Earnings: Insufficient data to compare Shriniwas's compensation with company performance.


Leadership Team

NamePositionTenureCompensationOwnership
Shriniwas Pathak
CEO & Manager1.75yrs₹3.80mno data
Anant Marathe
Chief Financial Officer0.75yrno datano data
N. Kulkarni
Company Secretary & Compliance Officer10yrsno data0.000010% 2.4k

1.8yrs

Average Tenure

Experienced Management: 500266's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Sanjivnayan Bajaj
Chairman0.75yr₹120.00kno data
Lila Poonawalla
Independent Director0.75yrno datano data
Naresh Patni
Non-Executive Independent Director8.25yrs₹220.00kno data
Yogesh Shah
Non-Executive Independent Director8.5yrs₹260.00k0.025% 6.1m

4.5yrs

Average Tenure

68.5yo

Average Age

Experienced Board: 500266's board of directors are considered experienced (4.5 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Maharashtra Scooters Ltd.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Maharashtra Scooters Ltd.
  • Ticker: 500266
  • Exchange: BSE
  • Founded: 1975
  • Industry: Motorcycle Manufacturers
  • Sector: Automobiles
  • Market Cap: ₹23.891b
  • Shares outstanding: 11.43m
  • Website: https://www.mahascooters.com

Number of Employees


Location

  • Maharashtra Scooters Ltd.
  • Mumbai-Pune Road
  • Akurdi
  • Pune
  • Maharashtra
  • 411035
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
500266BSE (Mumbai Stock Exchange)YesEquity SharesININRFeb 1995
MAHSCOOTERNSEI (National Stock Exchange of India)YesEquity SharesININRFeb 1995

Biography

Maharashtra Scooters Ltd. manufactures and sells pressure die casting dies, jigs, fixtures, and components primarily for the two and three wheeler industry in India. It operates through two segments, Manufacturing and Investments. The company also engages in treasury operation business, which involves management of surplus funds invested by the company. Maharashtra Scooters Ltd. was incorporated in 1975 and is based in Pune, India. Maharashtra Scooters Ltd. is a subsidiary of Bajaj Holdings & Investment Limited. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/07 12:48
End of Day Share Price2020/04/07 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.