BSE:523384

Stock Analysis Report

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Executive Summary

Maha Rashtra Apex Corporation Limited does not have significant operations.


Snowflake Analysis

Excellent balance sheet with solid track record.

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

Stable Share Price: 523384's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-3.9%

523384

2.7%

IN Consumer Finance

2.4%

IN Market


1 Year Return

-20.3%

523384

1.3%

IN Consumer Finance

5.1%

IN Market

Return vs Industry: 523384 underperformed the Indian Consumer Finance industry which returned 1.3% over the past year.

Return vs Market: 523384 underperformed the Indian Market which returned 5.1% over the past year.


Shareholder returns

523384IndustryMarket
7 Day-3.9%2.7%2.4%
30 Day-5.1%2.9%5.2%
90 Day9.3%40.3%21.1%
1 Year-20.3%-20.3%4.1%1.3%7.0%5.1%
3 Year-2.6%-2.6%42.6%34.0%4.8%-0.2%
5 Year465.1%465.1%180.7%156.3%30.4%20.7%

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 compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 523384 (₹59.05) is trading below our estimate of fair value (₹142.12)

Significantly Below Fair Value: 523384 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 523384 is good value based on its PE Ratio (6.1x) compared to the IN Consumer Finance industry average (11.1x).

PE vs Market: 523384 is good value based on its PE Ratio (6.1x) compared to the Indian market (14.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 523384's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 523384 is overvalued based on its PB Ratio (0.7x) compared to the IN Consumer Finance industry average (0.6x).


Next Steps

Future Growth

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

31.9%

Forecasted Diversified Financials 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 Maha Rashtra Apex 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 Maha Rashtra Apex performed over the past 5 years?

18.5%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 523384 has high quality earnings.

Growing Profit Margin: 523384's current net profit margins are higher than last year .


Past Earnings Growth Analysis

Earnings Trend: 523384's earnings have grown by 18.5% per year over the past 5 years.

Accelerating Growth: 523384's earnings growth over the past year (34.7%) exceeds its 5-year average (18.5% per year).

Earnings vs Industry: 523384 earnings growth over the past year (34.7%) exceeded the Consumer Finance industry -3.4%.


Return on Equity

High ROE: 523384's Return on Equity (11.9%) is considered low.


Next Steps

Financial Health

How is Maha Rashtra Apex's financial position?


Financial Position Analysis

Short Term Liabilities: 523384's short term assets (₹47.5M) do not cover its short term liabilities (₹1.1B).

Long Term Liabilities: 523384 has no long term liabilities.


Debt to Equity History and Analysis

Debt Level: 523384 is debt free.

Reducing Debt: 523384 currently has no debt however we can't compare to 5 years ago as we have no data for that period.

Debt Coverage: 523384 has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: 523384 has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


Next Steps

Dividend

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


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 523384's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 523384's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 523384's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 523384's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 523384's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

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

2.7yrs

Average board tenure


CEO

Aspi Katgara (67 yo)

2.67yrs

Tenure

₹319,992

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

Compensation vs Market: Aspi's total compensation ($USD4.29K) is below average for companies of similar size in the Indian market ($USD49.39K).

Compensation vs Earnings: Aspi's compensation has been consistent with company performance over the past year.


Board Members

NamePositionTenureCompensationOwnership
Aspi Katgara
MD & Director2.67yrs₹319.99kno data
Kudigrama Shetty
Independent Chairmanno data₹14.00kno data
Jyothi Bhadravathi
Independent Non Executive Director5.42yrs₹14.00kno data
Manjunath Singh
Non-Executive Director2.08yrs₹6.00kno data

2.7yrs

Average Tenure

57.5yo

Average Age

Experienced Board: 523384's board of directors are not considered experienced ( 2.7 years average tenure), which suggests a new board.


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

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: ₹832.126m
  • Shares outstanding: 14.09m
  • Website: https://www.maharashtraapex.com

Location

  • Maha Rashtra Apex Corporation Limited
  • Syndicate House
  • 3rd Floor
  • 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 Analysis2020/08/12 12:31
End of Day Share Price2020/08/11 00:00
Earnings2020/03/31
Annual Earnings2020/03/31


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.