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Maha Rashtra Apex Corporation Limited

NSE: MAHAPEXLTD · Unclassified

₹48.45+1.85%06 Nov 2026
Check figures: unusual quarterly results in SEP '25 (₹-30.69 cr vs a typical ₹2.42 cr). This may be a filing error (e.g. lakh filed as crore) or a genuine one-off; figures are shown as filed. Trailing-twelve-month figures include it.

Ask the data

Instant answers about Maha Rashtra Apex Corporation Limited — computed from its filings, no language model
Market cap₹137 cr
Current price₹48.45
High / Low₹134 / ₹44
P/E—
P/B0.30
Book value₹162.8
ROE-5.9%
ROCE0.7%
Debt / equity0.00
Dividend yield—
EPS (TTM)₹-9.67
Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin
showing latest 6 of 8 periods
FY19FY20FY21FY22FY23FY24FY25FY26
Revenue2.934.043.073.892.208.711.362.14
EBITDA-2.25-2.48-0.080.14-2.934.82-1.450.05
Operating margin-76.8%-61.4%-2.6%3.6%-133.2%55.3%-106.6%2.3%
Interest1.080.390.030.020.000.010.000.00
Depreciation0.040.030.030.040.040.040.040.05
Profit before tax9.93-0.816.625.704.239.2816.133.25
Tax-0.030.000.560.510.101.524.150.72
Net profit10.0213.7033.721.343.29331.5019.66-6.87
EPS ₹0.009.7223.930.952.34235.2413.95-4.87
Operating cash flow———-2.24-2.21-8.86-4.30-1.58
Capex———0.020.000.000.900.06
Dividend paid———0.000.000.000.000.00
Total assets————218.42533.80543.12536.12
Equity————120.82445.94465.84458.92

Quarterly performance

last 29 quarters · ₹ crore
showing latest 8 of 29 periods
MAR '19SEP '19DEC '19MAR '20JUN '20SEP '20DEC '20MAR '21JUN '21SEP '21DEC '21MAR '22JUN '22SEP '22DEC '22MAR '23JUN '23SEP '23DEC '23MAR '24JUN '24SEP '24DEC '24MAR '25JUN '25SEP '25DEC '25MAR '26JUN '26
Revenue0.000.621.860.760.370.530.801.370.382.110.740.660.520.041.080.570.480.730.636.880.530.480.050.300.050.061.970.060.06
Operating profit0.00-0.350.39-2.07-0.28-0.22-0.090.51-0.291.26-0.31-0.52-1.43-0.090.05-1.46-0.45-0.14-0.235.64-0.49-0.46-0.35-0.15-0.42-0.451.41-0.49-0.45
Operating margin—-56.5%21.0%-272.4%-75.7%-41.5%-11.2%37.2%-76.3%59.7%-41.9%-78.8%-275.0%-225.0%4.6%-256.1%-93.8%-19.2%-36.5%82.0%-92.5%-95.8%-700.0%-50.0%-840.0%-750.0%71.6%-816.7%-750.0%
Other income0.000.480.530.030.921.661.941.010.561.521.470.843.350.71-0.562.530.411.400.130.180.130.186.010.241.540.270.460.331.52
Interest0.000.190.000.000.000.000.000.030.000.000.000.020.000.000.000.000.000.000.010.000.010.010.00-0.020.000.000.000.000.00
Depreciation0.000.010.010.010.010.010.010.010.010.010.010.010.010.010.010.010.010.010.010.010.010.010.010.010.010.010.010.010.02
Profit before tax0.00-0.051.06-1.780.661.413.051.500.263.951.110.381.941.030.201.05-0.052.310.256.77-0.150.365.959.971.39-0.142.07-0.071.20
Tax0.00-0.020.010.00-0.26-1.910.040.530.000.000.030.510.000.000.010.100.000.450.001.060.00-0.010.144.020.000.000.320.400.12
Net profit0.0026.80-15.24-2.051.1128.503.320.790.55-0.541.66-0.331.610.000.390.250.382.42-89.70418.3912.030.14-6.8022.4023.86-30.694.91-4.963.48
EPS ₹0.0019.03-10.18-1.460.7920.222.350.560.39-0.380.02-0.231.150.730.280.180.271.71-6.36296.908.53-5.65-4.8315.9016.930.813.48-3.521.23
Revenue YoY—————-14.5%-57.0%80.3%2.7%298.1%-7.5%-51.8%36.8%-98.1%45.9%-13.6%-7.7%1725.0%-41.7%1107.0%10.4%-34.2%-92.1%-95.6%-90.6%-87.5%3840.0%-80.0%20.0%
Profit YoY—————6.3%——-50.5%-101.9%-50.0%-141.8%192.7%—-76.5%—-76.4%—-23100.0%167256.0%3065.8%-94.2%—-94.6%98.3%-22021.4%—-122.1%-85.4%

Earlier results (standalone, Sep '07 – Dec '18)

₹ crore · from BSE, before the NSE XBRL filings begin

Maha Rashtra Apex Corporation Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 9 periods
FY09†FY10†FY11†FY13†FY14†FY15†FY16†FY17†FY18†
Revenue1.872.140.800.420.310.350.400.460.68
Operating profit-4.59-3.29-7.58-2.44-0.82-0.78-1.04-0.14—
Operating margin-245.5%-153.7%-947.5%-581.0%-264.5%-222.9%-260.0%-30.4%—
Other income6.025.9612.105.681.061.340.780.896.59
Interest3.614.955.074.122.932.772.151.58—
Depreciation0.890.710.420.270.230.240.040.040.04
Profit before tax-3.08-3.00-0.97-2.33-3.61-2.85-7.67-3.05—
Tax0.310.000.00-1.60-2.30-2.50-7.45-2.66—
Net profit-3.39-3.00-0.97-0.73-1.31-0.36-0.22-0.393.78

Quarters

showing latest 8 of 45 periods
SEP '07†DEC '07†MAR '08†JUN '08†SEP '08†DEC '08†MAR '09†JUN '09†SEP '09†DEC '09†MAR '10†JUN '10†SEP '10†DEC '10†MAR '11†JUN '11†SEP '11†DEC '11†JUN '12†SEP '12†DEC '12†MAR '13†JUN '13†SEP '13†DEC '13†MAR '14†JUN '14†SEP '14†DEC '14†MAR '15†JUN '15†SEP '15†DEC '15†MAR '16†JUN '16†SEP '16†DEC '16†MAR '17†JUN '17†SEP '17†DEC '17†MAR '18†JUN '18†SEP '18†DEC '18†
Revenue0.110.820.610.280.130.950.511.140.180.530.290.150.200.180.270.160.220.150.140.070.070.140.090.080.080.060.040.070.200.040.030.170.120.080.040.340.040.040.040.030.580.030.030.230.03
Operating profit-1.01-0.62-1.10-0.35-1.73-2.26-0.25-0.40-0.63-1.25-1.01-0.69-0.98-3.87-2.04-1.85-4.05-2.64-1.52-0.33-0.23-0.36-0.23-0.21-0.20-0.18-0.25-0.17-0.08-0.28-0.33-0.17-0.18-0.36-0.310.02-0.270.42-0.340.430.04—-0.46-0.46-0.62
Operating margin-918.2%-75.6%-180.3%-125.0%-1330.8%-237.9%-49.0%-35.1%-350.0%-235.8%-348.3%-460.0%-490.0%-2150.0%-755.6%-1156.2%-1840.9%-1760.0%-1085.7%-471.4%-328.6%-257.1%-255.6%-262.5%-250.0%-300.0%-625.0%-242.9%-40.0%-700.0%-1100.0%-100.0%-150.0%-450.0%-775.0%5.9%-675.0%1050.0%-850.0%1433.3%6.9%—-1533.3%-200.0%-2066.7%
Other income0.9620.850.770.251.332.052.390.810.982.451.720.903.074.873.263.413.605.752.610.192.330.550.120.330.210.400.110.360.140.730.190.270.180.140.360.140.120.270.990.164.121.322.08—2.13
Interest1.931.700.120.811.291.190.320.971.431.261.291.511.511.410.641.491.301.201.081.030.881.130.840.660.790.640.770.580.810.610.840.300.500.510.320.420.360.480.360.36—1.400.290.300.28
Depreciation0.240.240.230.220.220.250.200.200.200.180.130.110.110.110.090.080.080.080.070.070.070.060.060.060.060.050.050.050.040.100.010.010.010.010.010.010.010.010.010.010.010.010.010.030.01
Profit before tax-2.2218.29-0.67-1.13-1.90-1.651.60-0.77-1.28-0.24-0.71-1.410.47-0.520.49-0.02-1.831.84-0.07-1.300.44-1.40-1.81-0.60-0.64-0.56-1.02-0.54-0.83-0.46-0.99-2.28-1.20-3.20-0.82-0.97-1.03-0.230.270.204.09—1.370.761.26
Tax0.002.600.000.000.000.000.310.000.000.000.000.000.000.000.000.000.000.000.00-0.53-0.43-0.64-0.88-0.59-0.43-0.40-0.43-0.31-0.34-1.42-0.48-1.26-2.65-3.06-0.81-1.02-0.830.000.000.000.00—0.000.000.00
Net profit-2.2215.69-0.67-1.13-1.90-1.651.29-0.77-1.28-0.24-0.71-1.410.47-0.520.49-0.02-1.831.84-0.07-0.770.87-0.76-0.93-0.01-0.21-0.16-0.60-0.23-0.490.96-0.51-1.021.45-0.14-0.010.05-0.20-0.230.270.204.09-0.781.370.761.26
EPS ₹——————————————————-0.05-0.540.61-0.53-0.66-0.01-0.15-0.11-0.42-0.02-0.350.68-0.36-1.611.02-0.10-0.010.04-0.14-0.160.190.142.89-0.550.970.540.90
Revenue YoY————18.2%15.9%-16.4%307.1%38.5%-44.2%-43.1%-86.8%11.1%-66.0%-6.9%6.7%10.0%-16.7%-12.5%-68.2%-53.3%—-35.7%14.3%14.3%-57.1%-55.6%-12.5%150.0%-33.3%-25.0%142.9%-40.0%100.0%33.3%100.0%-66.7%-50.0%0.0%-91.2%1350.0%-25.0%-25.0%666.7%-94.8%
Profit YoY—————-110.5%————-155.0%—————-489.4%———-52.7%———-124.1%————————-114.6%——-113.8%——300.0%——407.4%280.0%-69.2%

Returns & margins

trailing-twelve-month, per quarter
showing latest 8 of 25 periods
JUN '20SEP '20DEC '20MAR '21JUN '21SEP '21DEC '21MAR '22JUN '22SEP '22DEC '22MAR '23JUN '23SEP '23DEC '23MAR '24JUN '24SEP '24DEC '24MAR '25JUN '25SEP '25DEC '25MAR '26JUN '26
ROE—————————1.9%1.1%1.9%0.8%2.9%-74.0%74.3%76.9%75.7%94.1%6.0%8.5%1.9%4.5%-1.5%-5.9%
ROCE—————————2.9%2.3%3.5%1.8%3.0%3.0%2.1%2.1%1.6%2.9%3.5%3.8%3.7%2.9%0.7%0.7%
Net margin294.2%350.0%1255.3%1098.4%1076.6%88.4%53.5%34.4%59.6%150.0%72.6%101.8%47.0%120.3%-3595.4%3801.5%3912.7%4000.7%5337.0%2041.9%4500.0%1906.5%860.5%-321.5%-1267.9%
EBITDA margin-64.0%-61.9%-108.1%-2.6%-2.9%29.8%25.4%3.6%-24.8%-119.9%-86.5%-132.6%-89.9%-69.9%-94.6%55.3%54.5%52.3%54.7%-106.6%-156.8%-297.8%16.4%2.3%0.9%
Debt / equity—————————0.000.000.000.000.000.000.000.000.000.000.000.000.000.000.000.00
Interest coverage0.42——221.67208.33293.00228.33286.00370.00224.00178.50———357.00929.00460.00242.00647.50—-1766.00-857.50-663.50——
Asset turnover—————————0.010.010.010.010.010.010.020.020.020.010.000.000.000.000.000.00

Balance sheet

equity vs borrowings over time · ₹ crore
showing latest 6 of 8 periods
SEP '22MAR '23SEP '23MAR '24SEP '24MAR '25SEP '25MAR '26
Share capital14.1214.1214.1214.1214.1214.1214.1214.12
Other equity / reserves140.82106.70103.04431.82436.01451.72445.09444.80
Total equity154.94120.82117.16445.94450.13465.84459.21458.92
Borrowings0.000.000.130.180.280.000.000.00
Current liabilities77.2964.6061.2954.8554.680.0343.990.00
Non-current liabilities0.000.000.000.000.0044.240.0044.19
Total assets265.24218.42211.46533.80537.81543.12536.20536.12
Property, plant & equipment0.120.120.110.100.090.090.080.13
Capital work-in-progress0.000.000.000.000.000.000.000.00
Investments239.89178.82181.58506.90508.35512.61504.74503.47
Inventories0.130.000.000.000.000.000.000.00
Receivables0.000.130.150.210.010.000.000.01
Cash & equivalents3.563.573.280.783.603.220.000.00

Cash flow

annual · ₹ crore · line = free cash flow
FY22FY23FY24FY25FY26
Cash from operations-2.24-2.21-8.86-4.30-1.58
Cash from investing1.740.836.296.921.49
Cash from financing0.000.000.10-0.180.00
Capex0.020.000.000.900.06
Free cash flow-2.27-2.21-8.86-5.20-1.64
Dividends paid0.000.000.000.000.00

Where the assets sit

Mar '26 · ₹ crore
Fixed assets (PPE)
₹0.13 cr0%
Investments
₹503.47 cr94%
Receivables
₹0.01 cr0%
Other assets
₹32.51 cr6%

Peer comparison

largest in Unclassified · this company in bold
CompanyMarket cap ₹crPriceP/EP/BROE
Avantel Limited36,86,04,549138.69—1059360.680.0%
Ducol Organics And Colours Limited19,55,275120.00—20089.130.0%
Jio Platforms Limited12,57,1811,406.40—3.57—
SBI Funds Management Limited1,01,750499.55———
Tamilnadu Telecommunication Limited91,3149.93———
Manipal Health Enterprises Limited76,294646.70———
INDO-MIM Limited59,0421,219.50———
AvenuesAI Limited45,138129.25153.69.516.2%
Dhoot Transmission Limited32,7611,601.60—8.11—
3M India Limited31,07127,570.0053.817.5732.7%
Maha Rashtra Apex Corporation Limited13748.45—0.30-5.9%

StoxGud checklist: Bearish setup · 3/10

  • Price above 50-day average
  • Price above 200-day average
  • 50-day average above 200-day (uptrend)
  • RSI in healthy 40–70 zone
  • Positive 1-year return
  • Return on equity above 15%
  • Debt to equity below 1
  • Revenue growing year on year
  • Net profit margin above 10%
  • P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-6.2%
6 months-11.6%
1 year-49.9%
3Y CAGR-32.6%
5Y CAGR-11.9%
10Y CAGR—
50-day avg₹51.50
200-day avg₹60.65
RSI (14)49

FAQs

What is the share price of Maha Rashtra Apex Corporation Limited?

Maha Rashtra Apex Corporation Limited (MAHAPEXLTD) closed at ₹48.45 on NSE on 06 Nov 2026.

What is the market cap of Maha Rashtra Apex Corporation Limited?

₹137 crore at the latest close.

How fast is Maha Rashtra Apex Corporation Limited growing?

Maha Rashtra Apex Corporation Limited: revenue has compounded at -0.9% a year over three years. Latest-quarter revenue is up 20.0% year on year, profit down 85.4%.

How profitable is Maha Rashtra Apex Corporation Limited?

On a trailing-twelve-month basis return on equity is -5.9%, return on capital employed 0.7%, operating margin 0.9%, net margin -1,267.9%.

How much debt does Maha Rashtra Apex Corporation Limited have?

Maha Rashtra Apex Corporation Limited is debt-free: debt to equity is 0.00 with borrowings of ₹0 cr against cash of ₹0 cr (balance sheet of 2026-03-31).

Financials parsed from Maha Rashtra Apex Corporation Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '19, annual from FY19, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.