Mahasagar Travel

  • Market Cap: Micro Cap
  • Industry: Transport Services
  • ISIN: INE007G01014
  • NSEID:
  • BSEID: 526795
INR
6.70
-0.15 (-2.19%)
BSENSE

Feb 12

BSE+NSE Vol: 1.2 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

1.2 k (328.57%) Volume

Shareholding (Dec 2025)

FII

0.00%

Held by 0 FIIs

DII

0.00%

Held by 0 DIIs

Promoter

31.29%

Who are in the management team of Mahasagar Travel?

06-Jun-2025

As of March 2023, the management team of Mahasagar Travel includes Chairman Rajivbhai Nareshchandra Maheta, Managing Director & CEO Bhagchand G Sukhwani, Executive Director & CFO Prakash K Kakkad, and several non-executive and independent directors. Together, they guide the company's governance and strategic direction.

As of March 2023, the management team of Mahasagar Travel includes the following individuals:<BR><BR>1. Rajivbhai Nareshchandra Maheta - Chairman & Independent Director<BR>2. Bhagchand G Sukhwani - Managing Director & CEO<BR>3. Prakash K Kakkad - Executive Director & CFO<BR>4. Ravi S Karia - Non-Executive Director<BR>5. Kavita Bachani - Non-Executive Director<BR>6. K G Narumalani - Independent Non-Executive Director<BR>7. J N Barevadia - Independent Non-Executive Director<BR>8. A J Sukhwani - Non-Executive Director<BR><BR>These members play various roles within the company, contributing to its governance and strategic direction.

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Has Mahasagar Travel declared dividend?

06-Jun-2025

No Dividend History Available

Who are the peers of the Mahasagar Travel?

03-Jun-2025

Mahasagar Travel's peers include Container Corpn., Delhivery, Blue Dart Express, GE Shipping Co, S C I, Transport Corp., Zinka Logistics, TVS Supply, and VRL Logistics. Among these, Transport Corp. has the highest 1-year return at 34.78%, while Mahasagar Travel has the lowest at -43.53%.

Peers: The peers of Mahasagar Travel are Container Corpn., Delhivery, Blue Dart Expres, GE Shipping Co, S C I, Transport Corp., Zinka Logistics, TVS Supply, VRL Logistics.<BR><BR>Quality Snapshot: Excellent management risk is observed at Container Corpn., Blue Dart Expres, GE Shipping Co, and Transport Corp., while Average management risk is found at S C I and the rest. Below Average management risk is noted for Delhivery, Zinka Logistics, and TVS Supply. Growth is classified as Excellent for Zinka Logistics, Good for Delhivery, Blue Dart Expres, GE Shipping Co, and Rajvi Logitrade, while Average growth is seen at Container Corpn., S C I, and Transport Corp., and Below Average growth is noted for the rest. Capital Structure is Excellent for Container Corpn. and GE Shipping Co, Good for Blue Dart Expres, S C I, and Transport Corp., while Below Average is found at Delhivery, Zinka Logistics, TVS Supply, and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Transport Corp. at 34.78%, while the lowest is Mahasagar Travel at -43.53%. Mahasagar Travel's 1-year return is significantly lower than all peers. Additionally, the six-month return is negative for Container Corpn., Blue Dart Expres, GE Shipping Co, S C I, TVS Supply, and Mahasagar Travel.

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Is Mahasagar Travel overvalued or undervalued?

09-Jun-2025

As of April 25, 2023, Mahasagar Travel is classified as risky but appears undervalued with a low PE ratio of 4.46 and an EV to EBITDA ratio of 4.56, despite concerns over its negative book value and a significant underperformance of -29.04% compared to the Sensex's 7.62% return over the past year.

As of 25 April 2023, Mahasagar Travel's valuation grade has moved from does not qualify to risky, indicating a shift in perception regarding its financial health. The company appears to be undervalued, particularly when considering its low PE ratio of 4.46 and an EV to EBITDA ratio of 4.56, which are significantly below industry norms. However, the negative book value reflected in its Price to Book ratio of -4.46 raises concerns about its financial stability.<BR><BR>In comparison to its peers, Mahasagar Travel's valuation metrics stand out starkly. For instance, IRCTC is categorized as very expensive with a PE ratio of 48.77, while Thomas Cook (I) is considered attractive with a PE of 30.89. This stark contrast suggests that Mahasagar Travel may be undervalued relative to its peers, despite its risky classification. Notably, the company has underperformed against the Sensex over the past year, with a stock return of -29.04% compared to the Sensex's 7.62%, which further emphasizes the potential for recovery if market conditions improve.

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What is the technical trend for Mahasagar Travel?

09-Jun-2025

As of June 6, 2025, Mahasagar Travel's technical trend is mildly bearish, supported by bearish weekly and monthly MACD, Bollinger Bands, and moving averages, with no momentum signals from the RSI.

As of 6 June 2025, the technical trend for Mahasagar Travel has changed from bearish to mildly bearish. The weekly MACD remains bearish, while the monthly MACD indicates a mildly bearish stance. Both the weekly and monthly Bollinger Bands and KST are also mildly bearish, supporting the overall trend. The daily moving averages are bearish, which adds to the cautious outlook. The Dow Theory shows a mildly bearish trend on the weekly chart, but no trend on the monthly chart. The RSI shows no signals in both time frames, indicating a lack of momentum. Overall, the current stance is mildly bearish, with key indicators such as MACD and moving averages driving this assessment.

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What does Mahasagar Travel do?

17-Jul-2025

Mahasagar Travels Ltd is a micro-cap travel company based in Junagadh, Gujarat, providing transport services to tourists. As of March 2025, it reported net sales of 99 Cr and a net profit of 7 Cr, with a market cap of INR 4 Cr.

Overview:<BR>Mahasagar Travels Ltd is a leading travel company engaged in providing services to tourists in the transport services industry, categorized as a micro-cap company.<BR><BR>History:<BR>Mahasagar Travels was incorporated in September 1993 and was formerly known as Mahasagar Travels in Junagadh, Gujarat. The latest quarterly results reported net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot:<BR>- Net Sales: 99 Cr (Quarterly Results - Mar 2025)<BR>- Net Profit: 7 Cr (Quarterly Results - Mar 2025)<BR>- Market cap: INR 4 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 4.00<BR>- Industry P/E: 47<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: -2.20<BR>- Return on Equity: -18.00%<BR>- Price to Book: -4.36<BR><BR>Contact Details:<BR>Address: Jayshri Talkies Road, Mahasagar House Kalwa Chowk Junagadh Gujarat : 362001<BR>Tel: 91-285-2650427/2627611/2622962<BR>Email: mtlgrd@gmail.com<BR>Website: http://www.mahasagartravels.com

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Who are the top shareholders of the Mahasagar Travel?

17-Jul-2025

The top shareholders of Mahasagar Travel are Bhagchand Gordhandas Sukhwani with 8.48% and Hitesh Ramji Javeri with 6.32%. Individual investors hold a significant 66.98% of the shares, with no mutual funds or foreign institutional investors involved.

The top shareholders of Mahasagar Travel include Bhagchand Gordhandas Sukhwani, who is the promoter with the highest holding at 8.48%. The highest public shareholder is Hitesh Ramji Javeri, holding 6.32%. Additionally, individual investors collectively hold a significant portion of the company, accounting for 66.98% of the shares. There are no mutual funds or foreign institutional investors currently holding shares in the company, and there are no pledged promoter holdings.

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How big is Mahasagar Travel?

24-Jul-2025

As of 24th July, Mahasagar Travels Ltd has a market capitalization of 5.00 Cr, with recent net sales of 36.41 Cr and a net profit of 0.18 Cr. The balance sheet for March 2024 shows shareholder's funds of -0.23 Cr and total assets of 12.79 Cr.

As of 24th July, Mahasagar Travels Ltd has a market capitalization of 5.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Mahasagar Travels reported Net Sales of 36.41 Cr and a Net Profit of 0.18 Cr.<BR><BR>The latest annual period for the balance sheet is March 2024, showing Shareholder's Funds of -0.23 Cr and Total Assets of 12.79 Cr.

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When is the next results date for Mahasagar Travel?

05-Aug-2025

The next results date for Mahasagar Travel is 13 August 2025.

The next results date for Mahasagar Travel is scheduled for 13 August 2025.

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How has been the historical performance of Mahasagar Travel?

13-Nov-2025

Mahasagar Travel's historical performance has been marked by declining net sales and operating income, with a notable recovery in profit metrics since 2021. Despite challenges, the company has shown signs of improvement, particularly in profit after tax and cash flow in recent years.

Answer:<BR>The historical performance of Mahasagar Travel shows a fluctuating trend in its financial metrics over the years.<BR><BR>Breakdown:<BR>Mahasagar Travel's net sales have seen a decline from INR 73.26 crore in March 2019 to INR 36.41 crore in March 2025, with a notable drop in recent years. Total operating income followed a similar trend, decreasing from INR 64.56 crore in March 2020 to INR 36.41 crore in March 2025. The company's total expenditure, excluding depreciation, also decreased from INR 71.04 crore in March 2019 to INR 34.94 crore in March 2025. Operating profit, which was INR 2.93 crore in March 2019, turned negative in March 2021 but has since improved to INR 1.86 crore in March 2025. Profit before tax has fluctuated, reaching a low of -3.86 crore in March 2021 and recovering to INR 0.26 crore in March 2025. Profit after tax has also shown improvement, moving from a loss of -3.86 crore in March 2021 to a profit of INR 0.18 crore in March 2025. The company's total liabilities decreased from INR 18.47 crore in March 2020 to INR 12.66 crore in March 2025, while total assets also declined from INR 18.47 crore to INR 12.66 crore during the same period. Cash flow from operating activities has been inconsistent, with a notable outflow in March 2021, but the company reported a cash inflow of INR 1 crore in March 2024. Overall, Mahasagar Travel has experienced significant challenges but has shown signs of recovery in recent years.

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Are Mahasagar Travels Ltd latest results good or bad?

12-Feb-2026

Mahasagar Travels Ltd's latest results are poor, showing a 16.3% decline in revenue to ₹36.00 crores and a net profit of ₹0.00 crores, alongside a negative book value of -₹0.06 per share, indicating serious financial challenges. Investors should exercise caution due to ongoing revenue contraction and uncertain recovery prospects.

Mahasagar Travels Ltd's latest results indicate a challenging financial situation. For the fiscal year 2025, the company reported an annual revenue of ₹36.00 crores, which represents a significant decline of 16.3% compared to the previous year. This marks the third consecutive year of revenue contraction, highlighting ongoing difficulties in maintaining market share within a competitive transport services sector.<BR><BR>The company managed to break even with a net profit of ₹0.00 crores, which is concerning given its long operational history. Additionally, the operating margin improved slightly to 2.8%, up from 2.3% in the prior year, but this is still indicative of a company struggling to generate substantial profits.<BR><BR>A critical issue is the negative book value of -₹0.06 per share, indicating that the company's liabilities exceed its assets, raising serious questions about its financial health and ability to continue as a going concern without significant changes.<BR><BR>Overall, the financial performance of Mahasagar Travels Ltd can be characterized as poor, with multiple red flags including declining revenues, zero profitability, and negative net worth. Investors should approach this company with caution, as the outlook remains uncertain with limited signs of recovery.

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Why is Mahasagar Travels Ltd falling/rising?

12-Feb-2026

As of 12-Feb, Mahasagar Travels Ltd's stock price is at 6.70, down 2.19%. The stock has significantly underperformed over the past month and year-to-date, with declining investor interest and erratic trading behavior contributing to its current downward trend.

As of 12-Feb, Mahasagar Travels Ltd's stock price is falling, currently at 6.70, which reflects a decrease of 0.15 or 2.19%. This decline can be attributed to several factors. Over the past month, the stock has underperformed significantly, with a decrease of 8.22%, while the benchmark Sensex has only fallen by 0.24%. Year-to-date, the stock has also seen a decline of 10.31%, compared to a smaller drop of 1.81% in the Sensex.<BR><BR>Additionally, the stock's performance today indicates it has underperformed its sector by 0.5%. There has been erratic trading behavior, as the stock did not trade on 4 out of the last 20 days, which suggests a lack of consistent investor interest. Furthermore, there has been a notable decline in investor participation, with delivery volume on January 29 falling by 41.56% against the 5-day average. Although the stock is trading higher than its 50-day and 100-day moving averages, it is lower than its 5-day, 20-day, and 200-day moving averages, indicating a potential downward trend.<BR><BR>Overall, these factors contribute to the stock's current decline, reflecting a challenging environment for Mahasagar Travels Ltd.

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Should I buy, sell or hold Mahasagar Travels Ltd?

13-Feb-2026
iScoreScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy

Dashboard

1

With a Negative Book Value, the company has a Weak Long Term Fundamental Strength

  • Poor long term growth as Net Sales has grown by an annual rate of -4.56% and Operating profit at 0% over the last 5 years
  • High Debt Company with a Debt to Equity ratio (avg) at 0 times
2

Flat results in Dec 25

3

Risky - Negative Book Value

4

Underperformed the market in the last 1 year

stock-summaryMojo Parameters

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

stock-summary
Industry

Transport Services

stock-summary
Market cap

INR 5 Cr (Micro Cap)

stock-summary
P/E

6.00

stock-summary
Industry P/E

41

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Dividend Yield

0.00%

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Debt Equity

-5.57

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Return on Equity

-67.00%

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Price to Book

-5.39

Revenue and Profits:
Net Sales:
9 Cr
(Quarterly Results - Dec 2025)
Net Profit:
0 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
17.13%
0%
17.13%
6 Months
-3.32%
0%
-3.32%
1 Year
-2.19%
0%
-2.19%
2 Years
6.18%
0%
6.18%
3 Years
160.7%
0%
160.7%
4 Years
124.83%
0%
124.83%
5 Years
112.7%
0%
112.7%

Mahasagar Travel 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

News

Announcements stock-summary

Unaudited Standalone Financial Results For The Quarter And Nine Months Ended On December 31 2025

11-Feb-2026 | Source : BSE

Attached herewith Unaudited Standalone Financial Results for the quarter and nine months ended on December 31 2025 together with Limited Review Report issued by M/S B H Advani & Associates Statutory auditor of the company

Board Meeting Outcome for Outcome Of Board Meeting Held On February 11 2026

11-Feb-2026 | Source : BSE

Outcome of Board meeting held today on February 11 2026 to consider and approved unaudited financial results for the quarter and nine months ended on December 31 2025

Board Meeting Intimation for Consideration And Approval Of Unaudited Financial Results For The Quarter Ended December 31 2025 Scheduled On Wednesday February 11 2026

24-Jan-2026 | Source : BSE

Mahasagar Travels Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/02/2026 inter alia to consider and approve Unaudited financial results for the quarter and nine months ended December 31 2025

Corporate Actions stock-summary

stock-summary
BOARD MEETING

No Upcoming Board Meetings

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DIVIDEND

No Dividend history available

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SPLITS

No Splits history available

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BONUS

No Bonus history available

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RIGHTS

No Rights history available

stock-summaryKey Factors

Quality key factors stock-summary

Factor
Value
Sales Growth (5y)
-0.78%
EBIT Growth (5y)
17.11%
EBIT to Interest (avg)
0
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
-5.57
Sales to Capital Employed (avg)
0
Tax Ratio
Tax Ratio is Negative%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0.00%
ROCE (avg)
-10.33%
ROE (avg)
0

Valuation key factors

Factor
Value
P/E Ratio
6
Industry P/E
41
Price to Book Value
-5.27
EV to EBIT
10.32
EV to EBITDA
5.02
EV to Capital Employed
2.01
EV to Sales
0.30
PEG Ratio
0.02
Dividend Yield
NA
ROCE (Latest)
15.40%
ROE (Latest)
Negative BV

Technicals key factors

Indicator
Weekly
Monthly
MACD
Bullish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bullish
Mildly Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Bullish
Mildly Bearish
Dow Theory
No Trend
No Trend
OBV
Mildly Bearish
No Trend
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

Non Institution

Pledged Promoter Holdings

None

Mutual Funds

Held by 0 Schemes

FIIs

Held by 0 FIIs

Promoter with highest holding

Bhagchand Gordhandas Sukhwani (8.48%)

Highest Public shareholder

Hitesh Ramji Javeri (6.32%)

Individual Investors Holdings

66.99%

stock-summaryFinancial
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    "btn_text": "All Quarterly Results",
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        "suffix": "YoY Growth in quarter ended Dec 2025 is 2.31% vs -20.96% in Dec 2024",
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          "val2": "0.13",
          "chgp": "46.15%",
          "chgp_class": "negative"
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          "chgp": "",
          "chgp_class": "neutral"
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          "field": "Standalone Net Profit",
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          "val2": "0.12",
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          "field": "Operating Profit Margin (Excl OI)",
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  {
    "link": "half-yearly",
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    "alert": "No Half Yearly Results declared by Mahasagar Travel"
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "alert": "No Nine Monthly Results declared by Mahasagar Travel"
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  {
    "link": "annual",
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    "alert": "No Annual Results declared by Mahasagar Travel"
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]

Quarterly Results Snapshot (Standalone) - Dec'25 - YoYstock-summary

Dec'25
Dec'24
Change(%)
Net Sales
9.30
9.09
2.31%
Operating Profit (PBDIT) excl Other Income
0.67
0.40
67.50%
Interest
0.19
0.13
46.15%
Exceptional Items
0.00
0.00
Standalone Net Profit
0.26
0.12
116.67%
Operating Profit Margin (Excl OI)
7.20%
4.40%
2.80%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in quarter ended Dec 2025 is 2.31% vs -20.96% in Dec 2024

Direction Arrows
Standalone Net Profit

YoY Growth in quarter ended Dec 2025 is 116.67% vs -63.64% in Dec 2024

stock-summaryCompany CV
About Mahasagar Travels Ltd stock-summary
stock-summary
Mahasagar Travels Ltd
Micro Cap
Transport Services
Mahasagar Travels Limited (Formerly known as Mahasagar Travels in Junagadh (Gujarat) based leading travels company having its head office at Junagadh and wide franchisee network spread across Gujarat. Mahasagar Travels incorporated in September, 1993. Since the Company is engaged in providing service to tourists of the state and thereby in the engagement of service sector industry since the the quality, facilities and safety are the prime concern of the management.
Company Coordinates stock-summary
Company Details
Jayshri Talkies Road, Mahasagar House Kalwa Chowk Junagadh Gujarat : 362001
stock-summary
Tel: 91-285-2650427/2627611/2622962
stock-summary
mtlgrd@gmail.com
Registrar Details