Maha Rashtra Apx

  • Market Cap: Micro Cap
  • Industry: Non Banking Financial Company (NBFC)
  • ISIN: INE843B01013
  • NSEID: MAHAPEXLTD
  • BSEID: 523384
INR
52.65
-3.81 (-6.75%)
BSENSE

Mar 23

BSE+NSE Vol: 55.99 k

  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

55.99 k (-56.19%) Volume

Shareholding (Dec 2025)

FII

0.00%

Held by 0 FIIs

DII

0.01%

Held by 0 DIIs

Promoter

62.54%

how big is Maha Rashtra Apx?

06-Jun-2025

As of Jun 06, Maha Rashtra Apex Corporation Ltd has a market capitalization of 167.00 Cr, categorizing it as a Micro Cap company, with recent net sales of 1.36 Cr and net profit of 19.66 Cr over the last four quarters. The latest balance sheet shows shareholder's funds at 460.84 Cr and total assets at 548.71 Cr.

Market Cap: As of Jun 06, Maha Rashtra Apex Corporation Ltd has a market capitalization of 167.00 Cr, which categorizes it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters, which includes data from Mar'25, Dec'24, Sep'24, and Jun'24, is 1.36 Cr. The sum of Net Profit for the same period is 19.66 Cr. This data is presented on a Consolidated basis.<BR><BR>Balance Sheet Snapshot: This is also on a Consolidated basis for the latest annual period ending in Mar'24. The Shareholder's Funds are reported at 460.84 Cr, while the Total Assets amount to 548.71 Cr.

View full answer

Who are in the management team of Maha Rashtra Apx?

06-Jun-2025

As of March 2022, the management team of Maha Rashtra Apx includes K B Shetty (Chairman), ASPI NARIMAN KATGARA (Managing Director), and several directors and officers, including J M Pandey (Company Secretary) and independent directors Jyothi V B and Vidya Mananjay More.

As of March 2022, the management team of Maha Rashtra Apx includes the following individuals:<BR><BR>1. K B Shetty - Chairman & Independent Director<BR>2. J M Pandey - Company Secretary & Compliance Officer<BR>3. Jyothi V B - Independent Director<BR>4. ASPI NARIMAN KATGARA - Managing Director<BR>5. Manjunath Manohar Singh - Director<BR>6. Yazdin Jimmy Mistry - Director<BR>7. Vidya Mananjay More - Independent Director<BR><BR>The team consists of a mix of directors and officers, with varying roles and responsibilities within the company.

View full answer

What does Maha Rashtra Apx do?

06-Jun-2025

Maha Rashtra Apex Corporation Ltd is a Non Banking Financial Company (NBFC) focused on the micro-cap market, reporting net sales of 0 Cr and a net profit of 22 Cr for March 2025, with a market cap of Rs 167 Cr. The company has a P/E ratio of 17.00 and a return on equity of 2.17%.

Overview: <BR>Maha Rashtra Apex Corporation Ltd operates as a Non Banking Financial Company (NBFC) within the micro-cap market segment.<BR><BR>History: <BR>The company was incorporated in April 1943 as Maharashtra Apex Bank and later transitioned to a hire-purchase company, adopting its current name. The latest quarterly results reported net sales and net profit for March 2025.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 0 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: 22 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: Rs 167 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: 17.00 <BR>Industry P/E: 23 <BR>Dividend Yield: 0.00% <BR>Debt Equity: 0.00 <BR>Return on Equity: 2.17% <BR>Price to Book: 0.36 <BR><BR>Contact Details: <BR>Address: 3rd Floor Front Wing North Blo, Manipal Centre 47 Dickenson Rd Bangalore Karnataka : 560042 <BR>Tel: 91-820-2571021 <BR>Email: mrachl.ho@manipal.com <BR>Website: http://www.maharashtraapex.com

View full answer

Has Maha Rashtra Apx declared dividend?

06-Jun-2025

No Dividend History Available

Who are the peers of the Maha Rashtra Apx?

03-Jun-2025

Maha Rashtra Apx's peers include Bajaj Finance, Jio Financial, Cholaman.Inv.&Fn, Shriram Finance, Muthoot Finance, PMC Fincorp, Capital Trust, J A Finance, and Optimus Finance. Its 1-year return is -25.02%, higher than PMC Fincorp's -36.59% but lower than J A Finance's 412.35%.

Peers: The peers of Maha Rashtra Apx are Bajaj Finance, Jio Financial, Cholaman.Inv.&Fn, Shriram Finance, Muthoot Finance, PMC Fincorp, Capital Trust, J A Finance, and Optimus Finance.<BR><BR>Quality Snapshot: Excellent management risk is observed at Bajaj Finance, Cholaman.Inv.&Fn, Muthoot Finance, while Average management risk is found at Jio Financial, Maha Rashtra Apx, and Capital Trust. Good management risk is noted at Shriram Finance, while Below Average management risk is present at PMC Fincorp, J A Finance, Optimus Finance, and Times Guaranty. Growth is Excellent at Jio Financial and Optimus Finance, Good at Bajaj Finance, Cholaman.Inv.&Fn, Shriram Finance, and PMC Fincorp, Average at Maha Rashtra Apx and Muthoot Finance, and Below Average at Capital Trust, J A Finance, and the rest. Capital Structure is Excellent for Bajaj Finance, Jio Financial, Shriram Finance, Muthoot Finance, PMC Fincorp, Maha Rashtra Apx, Capital Trust, J A Finance, Optimus Finance, and Times Guaranty, while Good is noted for Cholaman.Inv.&Fn.<BR><BR>Return Snapshot: The peer with the highest 1-year return is J A Finance at 412.35%, while the lowest is PMC Fincorp at -36.59%. Maha Rashtra Apx's 1-year return is -25.02%, which is higher than PMC Fincorp but lower than J A Finance. Additionally, PMC Fincorp and Times Guaranty have negative six-month returns.

View full answer

What is the technical trend for Maha Rashtra Apx?

09-Jun-2025

As of June 6, 2025, Maha Rashtra Apx is in a bearish trend with mixed signals from indicators, including a bearish stance in Bollinger Bands and moving averages, despite some mildly bullish readings in MACD and KST.

As of 6 June 2025, the technical trend for Maha Rashtra Apx has changed from mildly bearish to bearish. The current stance is bearish with moderate strength. The weekly MACD is mildly bullish, but the monthly MACD is bearish, indicating a conflicting signal. The Bollinger Bands are bearish on both weekly and monthly time frames, reinforcing the bearish outlook. Daily moving averages are also bearish, contributing to the overall negative sentiment. The KST shows a mildly bullish weekly trend but is mildly bearish on a monthly basis, adding to the mixed signals. The Dow Theory indicates a mildly bearish weekly trend while being mildly bullish monthly, which suggests some potential for recovery but is overshadowed by the prevailing bearish indicators. Overall, the bearish trend is supported by the current price action and the broader context of underperformance compared to the Sensex over various periods.

View full answer

Who are the top shareholders of the Maha Rashtra Apx?

17-Jul-2025

The top shareholder of Maha Rashtra Apx is Manipal Holdings Private Limited with a 17.66% stake, while individual investors collectively own 33.35%. Gokuldas Hegde is the highest public shareholder at 1.37%.

The top shareholders of Maha Rashtra Apx include Promoters, with Manipal Holdings Private Limited holding the largest stake at 17.66%. There are no pledged promoter holdings, and the company does not have any mutual funds or foreign institutional investors (FIIs) holding shares. The highest public shareholder is Gokuldas Hegde, who owns 1.37%. Additionally, individual investors collectively hold 33.35% of the shares.

View full answer

When is the next results date for Maha Rashtra Apx?

05-Aug-2025

Maha Rashtra Apx will declare its results on 13 August 2025.

Maha Rashtra Apx will declare its results on 13 August 2025.

View full answer

Are Maha Rashtra Apx latest results good or bad?

14-Aug-2025

Maha Rashtra Apex Corporation's latest results show improved profitability with a Profit Before Tax of Rs 22.03 crore and Profit After Tax of Rs 23.57 crore, but a concerning 83.33% decline in net sales and worsened operating margins indicate mixed performance overall. Caution is advised as the company navigates these challenges.

Maha Rashtra Apex Corporation's latest results show a mixed performance. While the company has achieved significant improvements in profitability, with a Profit Before Tax (PBT) of Rs 22.03 crore and a Profit After Tax (PAT) of Rs 23.57 crore—both marking substantial increases compared to previous quarters—the overall financial performance appears flat. <BR><BR>Net sales experienced a sharp decline of 83.33% compared to the previous quarter, which is concerning. Additionally, the operating profit margin has also worsened significantly. However, the substantial growth in PBT and PAT indicates a strong turnaround in profitability, suggesting that the company is on a positive trajectory in terms of earnings.<BR><BR>Overall, while there are positive signs in profitability, the drop in net sales and operating metrics raises some caution. It would be prudent to monitor how the company addresses these challenges moving forward.

View full answer

Is Maha Rashtra Apx overvalued or undervalued?

18-Aug-2025

As of August 14, 2025, Maha Rashtra Apx is considered overvalued with a valuation grade of "very expensive," a PE ratio of 7.21, and a year-to-date return of -24.78%, significantly underperforming compared to its peers in the industry.

As of 14 August 2025, the valuation grade for Maha Rashtra Apx has moved from very attractive to very expensive. This indicates a significant shift in the company's perceived value, suggesting it is currently overvalued. The company exhibits a PE ratio of 7.21, a price-to-book value of 0.34, and an EV to EBITDA ratio of -111.89, all of which highlight its financial struggles.<BR><BR>In comparison to its peers, Maha Rashtra Apx's valuation metrics are notably lower than those of Life Insurance, which has a PE ratio of 11.53 and an EV to EBITDA of 8.97, indicating that Maha Rashtra Apx is not only overvalued but also underperforming relative to its industry. Other peers like Bajaj Finance and Bajaj Finserv are also significantly more expensive, with PE ratios of 30.73 and 32.28, respectively. The recent stock performance shows a stark contrast to the Sensex, with a year-to-date return of -24.78% compared to the Sensex's 3.15%, further reinforcing the notion that Maha Rashtra Apx is overvalued.

View full answer

How has been the historical performance of Maha Rashtra Apx?

13-Nov-2025

Maha Rashtra Apx experienced significant financial fluctuations, with net sales and total operating income declining sharply from March 2024 to March 2025, while profit before tax increased. Despite a drop in consolidated net profit and negative cash flow from operations, total assets and liabilities rose slightly.

Answer:<BR>The historical performance of Maha Rashtra Apx shows significant fluctuations in key financial metrics over the years.<BR><BR>Breakdown:<BR>Maha Rashtra Apx experienced a decline in net sales from 8.71 crore in March 2024 to just 1.36 crore in March 2025. Total operating income followed a similar trend, decreasing from 8.71 crore in March 2024 to 1.36 crore in March 2025. The company reported an operating profit (PBDIT) of 5.10 crore in March 2025, down from 6.93 crore in March 2024, while the operating profit margin turned negative at -106.62% in March 2025. Profit before tax increased to 16.14 crore in March 2025 from 9.28 crore in March 2024, leading to a profit after tax of 11.99 crore in March 2025, compared to 7.76 crore in March 2024. The consolidated net profit also saw a significant drop from 331.50 crore in March 2024 to 19.66 crore in March 2025. On the balance sheet, total assets rose slightly from 533.80 crore in March 2024 to 543.12 crore in March 2025, while total liabilities increased from 533.80 crore to 543.12 crore in the same period. Cash flow from operating activities remained negative at -4.00 crore in March 2025, although the company recorded a net cash inflow of 2.00 crore. Overall, the financial performance of Maha Rashtra Apx reflects a challenging year with notable declines in sales and profitability, despite some improvements in cash flow and asset management.

View full answer

Should I buy, sell or hold Maha Rashtra Apex Corporation Ltd?

20-Mar-2026

Why is Maha Rashtra Apex Corporation Ltd falling/rising?

17-Mar-2026

As of 17-Mar, Maha Rashtra Apex Corporation Ltd's stock price is declining by 1.15% after four days of gains, indicating a trend reversal and underperformance against its sector. Despite this, the stock has shown strong performance over the past month and remains above its moving averages, although investor participation has decreased.

As of 17-Mar, Maha Rashtra Apex Corporation Ltd's stock price is currently falling, with a change of -1.37, representing a decrease of 1.15%. This decline comes after a period of four consecutive days of gains, indicating a trend reversal. Additionally, the stock has underperformed its sector by 1.95% today. <BR><BR>Despite this recent drop, the stock has shown strong performance over various time frames, including a 1-week increase of 11.90% and a 1-month increase of 26.31%. However, there has been a notable decrease in investor participation, with delivery volume falling by 4.47% compared to the 5-day average. <BR><BR>On a positive note, the stock is trading above its moving averages across multiple time frames, suggesting that it has been performing well relative to its historical price trends. Nevertheless, the combination of a recent trend reversal, underperformance against the sector, and declining investor participation contributes to the current decline in the stock price.

View full answer

Why is Maha Rashtra Apex Corporation Ltd falling/rising?

18-Mar-2026

As of 18-Mar, Maha Rashtra Apex Corporation Ltd's stock price is rising to Rs 133.92, reflecting a 14.0% increase. The stock has significantly outperformed the Sensex over various time frames, indicating strong investor interest and a positive upward trend.

As of 18-Mar, Maha Rashtra Apex Corporation Ltd's stock price is rising, currently at Rs 133.92, reflecting a change of Rs 16.45 or 14.0% increase. This upward movement is supported by several factors. Over the past week, the stock has increased by 24.08%, significantly outperforming the Sensex, which has seen a slight decline of 0.21%. In the last month, the stock has surged by 42.68%, while the Sensex has dropped by 8.40%. Year-to-date, the stock has risen by 27.12%, contrasting with the Sensex's decline of 9.99%.<BR><BR>Today's performance indicates that the stock has outperformed its sector by 12.65%. It reached an intraday high of Rs 139, marking an increase of 18.33%. The stock has also shown high volatility with an intraday volatility of 7.49%. Furthermore, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. <BR><BR>Investor participation has increased, with delivery volume rising by 5.42% compared to the 5-day average, suggesting growing interest in the stock. Additionally, the stock's liquidity is sufficient for trading, further supporting its price rise. Overall, these factors contribute to the positive momentum in Maha Rashtra Apex Corporation Ltd's stock price.

View full answer

Why is Maha Rashtra Apex Corporation Ltd falling/rising?

19-Mar-2026

As of 19-Mar, Maha Rashtra Apex Corporation Ltd's stock price is declining by 6.36% after reaching an intraday high of Rs 138, indicating significant downward pressure. This underperformance against its sector, combined with high volatility, contributes to the current negative sentiment surrounding the stock.

As of 19-Mar, Maha Rashtra Apex Corporation Ltd's stock price is currently falling, with a change of -8.52, representing a decline of 6.36%. Despite opening the day with a gain of 3.05% and reaching an intraday high of Rs 138, the stock has faced significant downward pressure, touching a low of Rs 124.75, which is a decrease of 6.85% from its opening price. <BR><BR>The stock has underperformed its sector by 2.52% today, indicating that it is not keeping pace with the overall market trends within its industry. Additionally, the finance/NBFC sector has seen a decline of 3.83%, which may be contributing to the negative sentiment surrounding the stock. <BR><BR>Although the stock has shown strong performance over the past week, month, and year, with returns of +8.70%, +33.97%, and +10.88% respectively, the current volatility of 5.31% suggests that investor sentiment is fluctuating significantly. The weighted average price indicates that more volume has traded close to the low price, further emphasizing the downward trend. <BR><BR>Overall, the combination of high volatility, sector underperformance, and the stock's current price movement contributes to the observed decline in Maha Rashtra Apex Corporation Ltd's stock price.

View full answer

Why is Maha Rashtra Apex Corporation Ltd falling/rising?

20-Mar-2026

As of 20-Mar, Maha Rashtra Apex Corporation Ltd's stock price has significantly declined to Rs. 56.19, reflecting a drop of -55.19%. The stock has underperformed against the Sensex, with substantial losses over various time frames, indicating a bearish trend and decreased investor interest.

As of 20-Mar, Maha Rashtra Apex Corporation Ltd is experiencing a significant decline in its stock price, currently at Rs. 56.19, which reflects a change of -69.21 (-55.19%). The stock has been underperforming compared to the benchmark Sensex, with a staggering drop of -51.37% over the past week and -39.44% over the past month. Year-to-date, the stock has decreased by -46.66%, while over the past year, it has fallen by -49.56%. <BR><BR>Today, the stock hit a new 52-week low of Rs. 55.76 and has been on a consecutive downward trend for the last two days, resulting in a total decline of -58.04% during this period. It opened significantly lower, with a gap down of -52.94%, and reached an intraday low of Rs. 55.76, indicating a high level of volatility with an intraday fluctuation of 5.34%. <BR><BR>Moreover, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bearish trend. Investor participation has also decreased, with delivery volume falling by -17.16% compared to the 5-day average. This combination of factors, including substantial price drops, poor performance relative to the sector, and declining investor interest, contributes to the ongoing decline in the stock's price.

View full answer
iScoreScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy

Dashboard

1

Weak Long Term Fundamental Strength with a -0.66% CAGR growth in Net Sales

 
2

With ROE of -0.1, it has a Very Expensive valuation with a 0.3 Price to Book Value

3

Below par performance in long term as well as near term

stock-summaryMojo Parameters

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

stock-summary
Industry

Non Banking Financial Company (NBFC)

stock-summary
Market cap

INR 155 Cr (Micro Cap)

stock-summary
P/E

13.00

stock-summary
Industry P/E

20

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

0.00

stock-summary
Return on Equity

-0.05%

stock-summary
Price to Book

0.34

Revenue and Profits:
Net Sales:
2 Cr
(Quarterly Results - Dec 2025)
Net Profit:
5 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-51.41%
0%
-51.41%
6 Months
-49.5%
0%
-49.5%
1 Year
-52.22%
0%
-52.22%
2 Years
-61.4%
0%
-61.4%
3 Years
-45.55%
0%
-45.55%
4 Years
-40.84%
0%
-40.84%
5 Years
-28.46%
0%
-28.46%

Maha Rashtra Apx for the last several years.

Risk Adjusted Returns v/s stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryNews & Corporate Actions

Announcements stock-summary

Intimation Of International Securities Identification Number (ISIN) For The Rights Entitlements To Be Credited For The Purpose Of Rights Issue.

13-Mar-2026 | Source : BSE

Intimation of International Securities Identification Number (ISIN) for the rights entitlements to be credited for the purpose of Rights issue of the Company.

The Record Date For Right Issue As On March 20 2026

11-Mar-2026 | Source : BSE

Further to in-principal approval received from NSE & BSE vide their letter Dates March 05 2026 and March 04 2026 respcetively the Board at its Meeting held today i.e. March 11th 2026 has fixed record date as on March 20 2026.

Board Meeting Outcome for Sub: Outcome Of The Board Meeting Of Maha Rashtra Apex Corporation Limited Held On March 11 2026. Ref: Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015 As Amended (Listing Regulation

11-Mar-2026 | Source : BSE

Further to the in-principal approval received from National Stock Exchange of India Limited and BSE limited vide their letter dated March 05 2026 and March 04 2026 respectively we wish to inform you that the Board of Directors of the Company at its meeting held today i.e. on 11th March 2026 has approved the record date issue price ratio etc.

Corporate Actions stock-summary

stock-summary
BOARD MEETING

No Upcoming Board Meetings

stock-summary
DIVIDEND

No Dividend history available

stock-summary
SPLITS

No Splits history available

stock-summary
BONUS

No Bonus history available

stock-summary
RIGHTS

Maha Rashtra Apex Corporation Ltd has announced 1:1 rights issue, ex-date: 20 Mar 26

stock-summaryKey Factors

Quality key factors stock-summary

Factor
Value
Sales Growth (5y)
-0.66%
EBIT Growth (5y)
9.03%
Net Debt to Equity (avg)
0
Institutional Holding
0.01%
ROE (avg)
15.17%

Valuation key factors

Factor
Value
P/E Ratio
13
Industry P/E
20
Price to Book Value
0.32
EV to EBIT
145.29
EV to EBITDA
145.29
EV to Capital Employed
0.32
EV to Sales
61.05
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
-0.31%
ROE (Latest)
-0.05%

Technicals key factors

Indicator
Weekly
Monthly
MACD
Bearish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Bearish
Dow Theory
Mildly Bearish
No Trend
OBV
No Trend
Bullish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Dec 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 0 Schemes

FIIs

Held by 0 FIIs

Promoter with highest holding

Manipal Holdings Private Limited (17.66%)

Highest Public shareholder

Gokuldas Hegde (1.37%)

Individual Investors Holdings

32.92%

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Consolidated) - Dec'25 - QoQ",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "QoQ Growth in quarter ended Dec 2025 is 3,183.33% vs 20.00% in Sep 2025",
        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "QoQ Growth in quarter ended Dec 2025 is 116.00% vs -228.63% in Sep 2025",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Dec'25",
        "Sep'25",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "1.97",
          "val2": "0.06",
          "chgp": "3,183.33%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "1.41",
          "val2": "-0.45",
          "chgp": "413.33%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.20",
          "val2": "0.05",
          "chgp": "300.00%",
          "chgp_class": "positive"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "4.91",
          "val2": "-30.69",
          "chgp": "116.00%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "71.57%",
          "val2": "-750.00%",
          "chgp": "821.57%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "header": "Half Yearly Results Snapshot (Consolidated) - Sep'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": " Growth in half year ended Sep 2025 is 90.10% vs -15.83% in Sep 2024",
        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": " Growth in half year ended Sep 2025 is -267.98% vs 44.48% in Sep 2024",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Sep'25",
        "Sep'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "1.92",
          "val2": "1.01",
          "chgp": "90.10%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "0.93",
          "val2": "-0.96",
          "chgp": "196.88%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "0.00",
          "val2": "0.01",
          "chgp": "-100.00%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.34",
          "val2": "0.89",
          "chgp": "-61.80%",
          "chgp_class": "negative"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "-6.82",
          "val2": "4.06",
          "chgp": "-267.98%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "845.45%",
          "val2": "-95.05%",
          "chgp": "940.50%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "header": "Nine Monthly Results Snapshot (Consolidated) - Dec'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in nine months ended Dec 2025 is 266.98% vs -42.08% in Dec 2024",
        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in nine months ended Dec 2025 is 30.29% vs 96.85% in Dec 2024",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Dec'25",
        "Dec'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "3.89",
          "val2": "1.06",
          "chgp": "266.98%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "2.34",
          "val2": "-1.31",
          "chgp": "278.63%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "0.00",
          "val2": "0.01",
          "chgp": "-100.00%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.54",
          "val2": "1.19",
          "chgp": "-54.62%",
          "chgp_class": "negative"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "-1.91",
          "val2": "-2.74",
          "chgp": "30.29%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "60.15%",
          "val2": "-123.58%",
          "chgp": "183.73%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Consolidated) - Mar'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2025 is -84.39% vs 295.91% in Mar 2024",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2025 is -94.07% vs 9,975.99% in Mar 2024",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Mar'25",
        "Mar'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "1.36",
          "val2": "8.71",
          "chgp": "-84.39%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "-1.45",
          "val2": "4.81",
          "chgp": "-130.15%",
          "chgp_class": "negative"
        },
        {
          "field": "Interest",
          "val1": "0.00",
          "val2": "0.01",
          "chgp": "-100.00%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "11.07",
          "val2": "2.40",
          "chgp": "361.25%",
          "chgp_class": "positive"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "19.66",
          "val2": "331.50",
          "chgp": "-94.07%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "-106.62%",
          "val2": "55.22%",
          "chgp": "-161.84%",
          "chgp_class": "negative"
        }
      ]
    }
  }
]

Quarterly Results Snapshot (Consolidated) - Dec'25 - QoQstock-summary

Dec'25
Sep'25
Change(%)
Net Sales
1.97
0.06
3,183.33%
Operating Profit (PBDIT) excl Other Income
1.41
-0.45
413.33%
Interest
0.00
0.00
Exceptional Items
0.20
0.05
300.00%
Consolidate Net Profit
4.91
-30.69
116.00%
Operating Profit Margin (Excl OI)
71.57%
-750.00%
821.57%
Values in Rs Cr.
Direction Arrows
Net Sales

QoQ Growth in quarter ended Dec 2025 is 3,183.33% vs 20.00% in Sep 2025

Direction Arrows
Consolidated Net Profit

QoQ Growth in quarter ended Dec 2025 is 116.00% vs -228.63% in Sep 2025

Half Yearly Results Snapshot (Consolidated) - Sep'25stock-summary

Sep'25
Sep'24
Change(%)
Net Sales
1.92
1.01
90.10%
Operating Profit (PBDIT) excl Other Income
0.93
-0.96
196.88%
Interest
0.00
0.01
-100.00%
Exceptional Items
0.34
0.89
-61.80%
Consolidate Net Profit
-6.82
4.06
-267.98%
Operating Profit Margin (Excl OI)
845.45%
-95.05%
940.50%
Values in Rs Cr.
Direction Arrows
Net Sales

Growth in half year ended Sep 2025 is 90.10% vs -15.83% in Sep 2024

Direction Arrows
Consolidated Net Profit

Growth in half year ended Sep 2025 is -267.98% vs 44.48% in Sep 2024

Nine Monthly Results Snapshot (Consolidated) - Dec'25stock-summary

Dec'25
Dec'24
Change(%)
Net Sales
3.89
1.06
266.98%
Operating Profit (PBDIT) excl Other Income
2.34
-1.31
278.63%
Interest
0.00
0.01
-100.00%
Exceptional Items
0.54
1.19
-54.62%
Consolidate Net Profit
-1.91
-2.74
30.29%
Operating Profit Margin (Excl OI)
60.15%
-123.58%
183.73%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in nine months ended Dec 2025 is 266.98% vs -42.08% in Dec 2024

Direction Arrows
Consolidated Net Profit

YoY Growth in nine months ended Dec 2025 is 30.29% vs 96.85% in Dec 2024

Annual Results Snapshot (Consolidated) - Mar'25stock-summary

Mar'25
Mar'24
Change(%)
Net Sales
1.36
8.71
-84.39%
Operating Profit (PBDIT) excl Other Income
-1.45
4.81
-130.15%
Interest
0.00
0.01
-100.00%
Exceptional Items
11.07
2.40
361.25%
Consolidate Net Profit
19.66
331.50
-94.07%
Operating Profit Margin (Excl OI)
-106.62%
55.22%
-161.84%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2025 is -84.39% vs 295.91% in Mar 2024

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Mar 2025 is -94.07% vs 9,975.99% in Mar 2024

stock-summaryCompany CV
About Maha Rashtra Apex Corporation Ltd stock-summary
stock-summary
Maha Rashtra Apex Corporation Ltd
Micro Cap
Non Banking Financial Company (NBFC)
Maha Rashtra Apex Corporation Limited (MACL) was incorporated as a banking company in April, 1943 in the name of Maharashtra Apex Bank Limited. It changed the name to 'Maha Rashtra Apex Corporation Limited', in 1955, following the transfer of its banking branches to Canara Industrial and Banking Syndicate. The Company was converted into a hire-purchase company and was promoted by the late Upendra Anantha Pai.
Company Coordinates stock-summary
Company Details
3rd Floor Front Wing North Blo, Manipal Centre 47 Dickenson Rd Bangalore Karnataka : 560042
stock-summary
Tel: 91-820-2571021
stock-summary
mrachl.ho@manipal.com
Registrar Details
Purva Shareregistry (India) Pvt Ltd , Gala No 9, Shiv Shakti, Industrial Estate,Sitaram Mill Comp., J R Boricha Marg, Lower Parel [E], Mumbai