NSEI:MAHAPEXLTD

Stock Analysis Report

Executive Summary

Maha Rashtra Apex Corporation Limited does not have significant operations.

Snowflake

Fundamentals

Good value with questionable 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


Market Performance


7 Day Return

0.8%

MAHAPEXLTD

-0.6%

IN Consumer Finance

1.6%

IN Market


1 Year Return

-40.8%

MAHAPEXLTD

34.5%

IN Consumer Finance

0.8%

IN Market

Return vs Industry: MAHAPEXLTD underperformed the Indian Consumer Finance industry which returned 34.5% over the past year.

Return vs Market: MAHAPEXLTD underperformed the Indian Market which returned 0.8% over the past year.


Shareholder returns

MAHAPEXLTDIndustryMarket
7 Day0.8%-0.6%1.6%
30 Day9.6%7.9%1.5%
90 Day-5.2%4.5%-3.3%
1 Year-40.8%-40.8%35.4%34.5%2.7%0.8%
3 Yearn/a80.4%76.7%22.0%16.0%
5 Yearn/a262.8%246.1%42.3%29.3%

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

Valuation

Is Maha Rashtra Apex undervalued compared to its fair value and its price relative to the market?

43.2%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: MAHAPEXLTD (₹84.4) is trading below our estimate of fair value (₹148.47)

Significantly Undervalued: MAHAPEXLTD is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: MAHAPEXLTD is good value based on its PE Ratio (11.1x) compared to the Consumer Finance industry average (14.5x).

PE vs Market: MAHAPEXLTD is good value based on its PE Ratio (11.1x) compared to the Indian market (13.1x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: MAHAPEXLTD is overvalued based on its PB Ratio (1.1x) compared to the IN Consumer Finance industry average (0.7x).


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?

0.01%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: MAHAPEXLTD's forecast earnings growth (0.01% per year) is below the savings rate (7.6%).

Earnings vs Market: MAHAPEXLTD's earnings (0.01% per year) are forecast to grow slower than the Indian market (18.3% per year).

High Growth Earnings: MAHAPEXLTD's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if MAHAPEXLTD's revenue is forecast to grow faster than the Indian market.

High Growth Revenue: Insufficient data to determine if MAHAPEXLTD's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if MAHAPEXLTD's Return on Equity is forecast to be high in 3 years time


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

Earnings Trend: MAHAPEXLTD has become profitable over the past 5 years, growing earnings by 45.1% per year.

Accelerating Growth: MAHAPEXLTD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: MAHAPEXLTD had negative earnings growth (-81.4%) over the past year, making it difficult to compare to the Consumer Finance industry average (14.7%).


Return on Equity

High ROE: MAHAPEXLTD's Return on Equity (9.9%) is considered low.


Return on Assets

ROA vs Industry: MAHAPEXLTD has a higher Return on Assets than the Consumer Finance industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate MAHAPEXLTD's Return on Capital Employed to determine if it has improved over the past 3 years.


Next Steps

Financial Health

How is Maha Rashtra Apex's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: MAHAPEXLTD has a low level of unsold assets or inventory.

Debt Coverage by Assets: MAHAPEXLTD's debt is not covered by short term assets (assets are 0.2x debt).


Financial Institutions Analysis

Asset Level: MAHAPEXLTD's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if MAHAPEXLTD has a sufficient allowance for bad loans.

Low Risk Liabilities: MAHAPEXLTD reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if MAHAPEXLTD has an acceptable proportion of non-loan assets held.

Low Risk Deposits: MAHAPEXLTD has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if MAHAPEXLTD has an appropriate level of bad loans.


Next Steps

Dividend

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


Dividend Yield vs Market

companyn/amarketbottom25%0.6%markettop25%2.5%industryaverage0.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

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

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

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

Growing Dividend: Insufficient data to determine if MAHAPEXLTD'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 MAHAPEXLTD's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


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?

1.8yrs

Average board tenure


CEO

Aspi Katgara (66yo)

1.8yrs

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: Insufficient data to establish whether Aspi's total compensation is reasonable compared to companies of similar size in the Indian market.

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


Board Age and Tenure

1.8yrs

Average Tenure

56.5yo

Average Age

Experienced Board: MAHAPEXLTD's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.


Insider Trading

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


Ownership Breakdown


Management Team

  • Jamsheed Panday

    CFO, Compliance Officer & Company Secretary

    • Tenure: 0yrs
  • Aspi Katgara (66yo)

    MD & Director

    • Tenure: 1.8yrs
    • Compensation: ₹319.99k

Board Members

  • Kudi Shetty (77yo)

    Chairman

    • Tenure: 0yrs
    • Compensation: ₹14.00k
  • Jyothi Bhadravathi (47yo)

    Non Executive Director

    • Tenure: 4.6yrs
    • Compensation: ₹14.00k
  • Aspi Katgara (66yo)

    MD & Director

    • Tenure: 1.8yrs
    • Compensation: ₹319.99k
  • Manjunath Singh (45yo)

    Non-Executive Director

    • Tenure: 1.3yrs
    • Compensation: ₹6.00k

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: MAHAPEXLTD
  • Exchange: NSEI
  • Founded: 1943
  • Industry: Consumer Finance
  • Sector: Diversified Financials
  • Market Cap: ₹1.174b
  • 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 Analysis2019/10/15 12:58
End of Day Share Price2019/10/14 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.