Maha Rashtra Apex Copr. L
NSE: MAHAPEXLTD · Other Financial Services · sector
₹46.43NSE close 2026-10-26
Key numbers
Market cap₹98 cr
Price₹46.43
52w high / low₹140 / ₹42
P/E23.2xSector median 15.7x
P/B0.2xSector median 1.6x
Book value₹216.6
Dividend yield–Sector median 1.27%
ROE-5.9%Sector median 1.3%
ROCE0.7%Sector median 0.7%
OPM24.5%Sector median 6.2%
Debt / equity0.00xSector median 0.03x
EV/EBITDA180.0xSector median 17.7x
Interest cover10,182.3x
Current ratio–
Sales growth 3y-0.9%Sector median +22.5%
Profit growth 3y–Sector median +28.4%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 96 companies in Other Financial Services (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹3 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 10,182.3x in the last 12 months.
- No promoter shares are pledged.
- Promoter holding rose by 9.03 percentage points in a year, to 71.57% (2026-09-30).
- Operating cash flow was below net profit in 4 of the last 5 years (FY25, FY24, FY23, FY22).
- Net loss in 3 of the last 8 quarters.
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- No dividend in the last 5 financial years.
- Price ₹46.43 on 2026-10-26: -66.8% from the 52-week high, +10.5% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹165.54 · low ₹44.22
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 |
| EBITDA | 0 | -0 | 10 | -0 | -0 | 2 | -0 | -0 |
| OPM % | 41.7% | -100.0% | 3,243.3% | -260.0% | -666.7% | 82.2% | -650.0% | -500.0% |
| Other income | 0 | 6 | 0 | 2 | 0 | 0 | 0 | 2 |
| Net profit | 0 | -7 | 22 | 24 | -31 | 5 | -5 | 3 |
| EPS (₹) | -5.65 | -4.83 | 15.90 | 16.93 | 0.81 | 3.48 | -3.52 | 1.23 |
| Revenue YoY | -87.5% | +3,840.0% | -80.0% | +20.0% | ||||
| Profit YoY | -22,021.4% | – | -122.1% | -85.4% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 4 | 2 | 9 | 1 | 2 | 2 |
| EBITDA | 1 | -2 | 7 | 10 | 1 | 1 |
| Net profit | 1 | 3 | 332 | 20 | -7 | -27 |
| EPS (₹) | 0.95 | 2.34 | 235.24 | 13.95 | -4.87 | 2.00 |
| Revenue growth | -43.4% | +295.9% | -84.4% | +57.4% | +143.8% | |
| Profit growth | +145.5% | +9,976.0% | -94.1% | -134.9% | -168.8% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -0.9% | -6.9% | +143.8% |
| Net profit | – | – | -168.8% |
| EPS | – | – | – |
| Share price | – | -42.6% (2y) | -50.9% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 121 | 446 | 466 | 459 |
| Borrowings | – | 0 | 0 | 0 | 0 |
| Cash & equivalents | – | 6 | 1 | 3 | 3 |
| Total assets | – | 218 | 534 | 543 | 536 |
| Fixed assets | – | 0 | 0 | 0 | 0 |
| Capital work in progress | – | 0 | 0 | 0 | 0 |
| Investments | – | 176 | 507 | 513 | 7 |
| Receivables | – | 0 | 0 | 0 | 0 |
| Inventory | – | 0 | 0 | 0 | 0 |
| Payables | – | 1 | 0 | 0 | 0 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -2 | -2 | -9 | -4 | -2 |
| Cash from investing | 2 | 1 | 6 | 7 | 1 |
| Cash from financing | 0 | 0 | 0 | -0 | 0 |
| Capex | 0 | 0 | 0 | 1 | 0 |
| Free cash flow | -2 | -2 | -9 | -5 | -2 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 2.7% | 74.3% | 4.2% | -1.5% |
| ROCE % | – | 3.5% | 2.1% | 3.5% | 0.7% |
| Debtor days | – | 22 | 9 | 0 | 2 |
| Inventory days | – | 0 | 0 | 0 | 0 |
| Payable days | – | 97 | 12 | 0 | 0 |
| Cash conversion cycle (days) | – | -75 | -3 | 0 | 2 |
| Working capital days | – | -8,335 | -1,603 | 5,614 | 4,006 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 71.57% |
| DIIs | 0.00% |
| Public (non-institutions) | 28.43% |
| Quarter | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | May 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 62.54% | 62.54% | 62.54% | 62.54% | 62.54% | 71.57% | 71.57% | 71.57% |
| Promoter group | % |
|---|---|
| Manipal Holdings Private Limited | 20.38% |
| Metropolis Builders PVT Ltd | 15.48% |
| Jaya S PAI | 13.33% |
| Chitrakala Investment Trade & Business Finance Limited | 7.42% |
| Mangala Investments Limited | 5.49% |
| Tonse Sudhakar PAI | 3.20% |
| Tonse Sudhakar PAI | 2.79% |
| Sheela PAI | 2.01% |
| Gokuldas Hegde | 1.37% |
| Manipal Home Finance Limited | 1.16% |
| General Investment and Commercial Corporationltd | 0.31% |
| Varada S Prabhu | 0.00% |
| Efficient Management Services Private Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| Kailashben Ashokkumar Patel | 1.02% |
15,370 shareholders. Pledged: 0.00% of promoter shares.
Peers in Other Financial Services
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| ARCFIN | ₹37,47,491 cr | 43.0x | 37,875.8x | 0.8% | – | – | +66.4% | – |
| CRISIL | ₹34,926 cr | 39.5x | 10.7x | 29.1% | – | 29.8% | – | – |
| RRP | ₹10,960 cr | 1,406.3x | 1,211.9x | -60.1% | -47.5% | 105.2% | – | – |
| ARCIL | ₹3,972 cr | – | – | – | – | – | – | – |
| KISSHT | ₹3,472 cr | 6.5x | 2.6x | 21.0% | – | 29.9% | – | – |
| GYFTR | ₹1,229 cr | – | – | – | – | – | – | – |
| PRIMESECU | ₹929 cr | 35.5x | 4.4x | 13.2% | – | – | +23.5% | 0.54% |
| CENTRUM | ₹860 cr | – | 2.8x | -73.4% | – | – | +42.1% | – |
| REGENCY | ₹565 cr | 23.9x | 3.0x | 14.1% | – | – | +277.6% | – |
| MAHAPEXLTD | ₹98 cr | 23.2x | 0.2x | -5.9% | 0.7% | 24.5% | -0.9% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-03-20 | Rights | Rights 1:1 @ Premium Rs 0/- |
| 2024-09-19 | Other | Annual General Meeting |
| 2023-09-21 | Other | Annual General Meeting |
| 2022-09-20 | Other | Annual General Meeting |
| 2021-09-20 | Other | Annual General Meeting |
| 2020-09-22 | Other | Annual General Meeting |
| 2019-09-20 | Other | Annual General Meeting |
| 2018-09-19 | Other | Annual General Meeting |
| 2017-09-21 | Other | Annual General Meeting |
| 2016-09-21 | Other | Annual General Meeting |
| 2015-09-23 | Other | Annual General Meeting |
| 2014-09-23 | Other | Annual General Meeting |
| 2013-09-23 | Other | Annual General Meeting |
| 2012-09-20 | Other | Annual General Meeting |
| 2011-09-20 | Other | Annual General Meeting |
| 2010-09-23 | Other | Annual General Meeting |
| 2009-09-24 | Other | Annual General Meeting |
| 2008-09-23 | Other | Annual General Meeting |
| 2007-09-20 | Other | Agm |
| 2006-09-21 | Other | Agm |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Financial Services |
| Industry | Other Financial Services |
| Sub-industry | Other Financial Services |
| Symbol | MAHAPEXLTD |
| BSE code | 523384 |
| ISIN | INE843B01013 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.