BSE:523384

Stock Analysis Report

Executive Summary

Maha Rashtra Apex Corporation Limited does not have significant operations.

Snowflake

Fundamentals

Excellent balance sheet and good value.

Risks

  • Maha Rashtra Apex is not covered by any analysts.

Share Price & News

How has Maha Rashtra Apex's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

6.8%

BSE:523384

-3.6%

IN Consumer Finance

-2.1%

IN Market


1 Year Return

-49.6%

BSE:523384

-3.2%

IN Consumer Finance

-14.7%

IN Market

523384 underperformed the Consumer Finance industry which returned -3.1% over the past year.

523384 underperformed the Market in India which returned -14.6% over the past year.


Share holder returns

523384IndustryMarket
7 Day6.8%-3.6%-2.1%
30 Day-1.8%1.9%-3.9%
90 Day-12.1%-10.2%-10.1%
1 Year-49.6%-49.6%-2.5%-3.2%-12.9%-14.7%
3 Year786.6%786.6%59.3%56.0%17.7%11.5%
5 Year620.9%620.9%233.9%218.2%35.4%22.5%

Price Volatility Vs. Market

How volatile is Maha Rashtra Apex's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Maha Rashtra Apex undervalued based on future cash flows and its price relative to the stock market?

45%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Maha Rashtra Apex's share price is below the future cash flow value, and at a moderate discount (> 20%).

Maha Rashtra Apex's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Maha Rashtra Apex is good value based on earnings compared to the IN Consumer Finance industry average.

Maha Rashtra Apex is good value based on earnings compared to the India market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Maha Rashtra Apex, we can't assess if its growth is good value.


Price Based on Value of Assets

Maha Rashtra Apex is overvalued based on assets compared to the IN Consumer Finance industry average.


Next Steps

Future Growth

How is Maha Rashtra Apex expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

-1.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Unable to determine if Maha Rashtra Apex is high growth as no revenue estimate data is available.

Maha Rashtra Apex's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.

Unable to compare Maha Rashtra Apex's revenue growth to the India market average as no estimate data is available.

Maha Rashtra Apex's earnings are expected to decrease over the next 1-3 years, this is below the India market average.

Maha Rashtra Apex's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of 7.6%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Maha Rashtra Apex will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has Maha Rashtra Apex performed over the past 5 years?

45.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Maha Rashtra Apex has delivered over 20% year on year earnings growth in the past 5 years.

Maha Rashtra Apex's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Maha Rashtra Apex's 1-year earnings growth is negative, it can't be compared to the IN Consumer Finance industry average.


Return on Equity

Maha Rashtra Apex has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Maha Rashtra Apex used its assets more efficiently than the IN Consumer Finance industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Maha Rashtra Apex improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Maha Rashtra Apex's financial position?


Financial Position Analysis

Maha Rashtra Apex's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Maha Rashtra Apex has no long term commitments.


Debt to Equity History and Analysis

Maha Rashtra Apex has no debt.

Maha Rashtra Apex currently has no debt however we can't compare to 5 years ago as we have no data for that period.

Maha Rashtra Apex has no debt, it does not need to be covered by operating cash flow.

Maha Rashtra Apex has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Low level of unsold assets.

Maha Rashtra Apex has no debt, it does not need to be covered by short term assets.


Next Steps

Dividend

What is Maha Rashtra Apex's current dividend yield, its reliability and sustainability?


Dividend Yield and Payments Analysis

Unable to evaluate Maha Rashtra Apex's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Maha Rashtra Apex's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Maha Rashtra Apex has not reported any payouts.

Unable to verify if Maha Rashtra Apex's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Maha Rashtra Apex has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of Maha Rashtra Apex's salary, the management and board of directors tenure and is there insider trading?

1.7yrs

Average board tenure


CEO

Aspi Katgara (66yo)

1.7yrs

Tenure

₹341,148

Compensation

Mr. Aspi Nariman Katgara is M.Com, C.A., L.L.B, has been the Managing Director and Director of Maha Rashtra Apex Corp. Ltd since December 22, 2017. Mr. Katgara has over 47 years of experience and previousl ...


CEO Compensation Analysis

Aspi's remuneration is lower than average for companies of similar size in India.

Insufficient data for Aspi to compare compensation growth.


Board Age and Tenure

1.7yrs

Average Tenure

56.5yo

Average Age

The average tenure for the Maha Rashtra Apex board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Jamsheed Panday

    CFO, Compliance Officer & Company Secretary

    • Tenure: 0.0yrs
  • Aspi Katgara (66yo)

    MD & Director

    • Tenure: 1.7yrs
    • Compensation: ₹341.15k

Board Members

  • Kudigrama Shetty (77yo)

    Chairman

    • Tenure: 0.0yrs
    • Compensation: ₹16.00k
  • Jyothi Bhadravathi (47yo)

    Non Executive Director

    • Tenure: 4.4yrs
    • Compensation: ₹16.00k
  • Aspi Katgara (66yo)

    MD & Director

    • Tenure: 1.7yrs
    • Compensation: ₹341.15k
  • Manjunath Singh (46yo)

    Non-Executive Director

    • Tenure: 1.1yrs

Company Information

Maha Rashtra Apex Corporation Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Maha Rashtra Apex Corporation Limited
  • Ticker: 523384
  • Exchange: BSE
  • Founded: 1943
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: ₹1.173b
  • Shares outstanding: 14.15m
  • Website: https://www.maharashtraapex.com

Location

  • Maha Rashtra Apex Corporation Limited
  • Syndicate House
  • Upendra Nagar
  • Manipal
  • Karnataka
  • 576104
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
523384BSE (Mumbai Stock Exchange)YesEquity SharesININRAug 1998
MAHAPEXLTDNSEI (National Stock Exchange of India)YesEquity SharesININRAug 1998

Biography

Maha Rashtra Apex Corporation Limited does not have significant operations. Previously, it was involved in the leasing and hire purchase business. The company was formerly known as Maharashtra Apex Bank Lt ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/24 12:35
End of Day Share Price2019/08/23 00:00
Earnings2019/03/31
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.