MAHAPEXLTD

Maha Rashtra Apex Corporation Limited

Financial services and investment holding company

Financial Services›Financial Services›Finance›Other Financial Services

maharashtraapex.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹48.77
Market cap
137 Cr
Stock P/E
Loss (TTM EPS ₹-9.67)
P/B
0.15
ROE (FY26)
-1.5%
ROCE (FY26)
-1.3%
Operating margin (FY26)
0.0%
Debt / equity (FY26)
0.00

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Maha Rashtra Apex Corporation (MRACL) is a Bengaluru-based company that holds stakes in associate companies, including Manipal Home Finance and Kanara Consumer Products, and whose results depend largely on those holdings and on sales of investments and property.

Company snapshot

12thBy market cap

Ranked among 15 companies in Other Financial Services.

What we see

Positives
  • ✓Debt-to-equity of 0.00x — the company is largely funded by its own money, not borrowed funds.
Concerns
  • ✗Net margin is negative — the company is spending more than it earns right now.
2 more signals from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales0.73 Cr0.63 Cr7 Cr0.53 Cr0.48 Cr0.05 Cr0.30 Cr0.05 Cr0.06 Cr2 Cr0.06 Cr0.06 Cr
Operating expenses (approx.)0.87 Cr0.86 Cr1 Cr1 Cr0.94 Cr0.40 Cr0.45 Cr0.47 Cr0.51 Cr0.56 Cr0.55 Cr0.51 Cr
EBITDA-0.14 Cr-0.23 Cr6 Cr-0.49 Cr-0.46 Cr-0.35 Cr-0.15 Cr-0.42 Cr-0.45 Cr1 Cr-0.49 Cr-0.45 Cr
OPM %-19.0%-36.4%81.9%-92.4%-95.5%-692.1%-49.8%-793.2%-782.6%71.6%-855.0%-764.2%
Other income1 Cr0.13 Cr0.18 Cr0.13 Cr0.18 Cr6 Cr0.24 Cr2 Cr0.27 Cr0.46 Cr0.33 Cr2 Cr
Interest0.0047 Cr0.0050 Cr0.0049 Cr0.0062 Cr0.0077 Cr0.0026 Cr-0.02 Cr0 Cr0.0001 Cr0.0002 Cr0 Cr0 Cr
Depreciation0.01 Cr0.01 Cr0.0099 Cr0.01 Cr0.0096 Cr0.0085 Cr0.0083 Cr0.01 Cr0.01 Cr0.01 Cr0.01 Cr0.02 Cr
Profit before tax3 Cr-90 Cr419 Cr12 Cr-8 Cr-7 Cr26 Cr24 Cr-31 Cr5 Cr-5 Cr1 Cr
Tax %15.7%-0.0%0.3%0.0%0.2%-2.1%15.2%0.0%0.0%6.1%-8.7%10.2%
Net profit2 Cr-90 Cr418 Cr12 Cr-8 Cr-7 Cr22 Cr24 Cr-31 Cr5 Cr-5 Cr3 Cr
EPS (₹)₹1.71₹-6.36₹296.90₹8.53₹-5.65₹-4.83₹15.90₹16.93₹0.81₹3.48₹-3.52₹1.23

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales——3 Cr4 Cr3 Cr4 Cr2 Cr9 Cr1 Cr2 CrSign in free for the trailing twelve months
Operating expenses (approx.)——5 Cr7 Cr3 Cr4 Cr5 Cr4 Cr3 Cr2 CrSign in free for the trailing twelve months
EBITDA——-2 Cr-2 Cr-0.08 Cr0.14 Cr-3 Cr5 Cr-1 Cr0.05 CrSign in free for the trailing twelve months
OPM %——-76.6%-61.2%-2.7%3.6%-133.2%55.3%-106.6%2.3%Sign in free for the trailing twelve months
Other income——7 Cr2 Cr6 Cr4 Cr6 Cr2 Cr7 Cr3 CrSign in free for the trailing twelve months
Interest——1 Cr0.39 Cr0.03 Cr0.02 Cr0.0027 Cr0.01 Cr0.0002 Cr0.0003 CrSign in free for the trailing twelve months
Depreciation——0.04 Cr0.03 Cr0.03 Cr0.04 Cr0.04 Cr0.04 Cr0.04 Cr0.05 CrSign in free for the trailing twelve months
Profit before tax——10 Cr14 Cr34 Cr2 Cr3 Cr333 Cr24 Cr-6 CrSign in free for the trailing twelve months
Tax %——-0.3%0.0%1.6%27.4%2.8%0.5%17.4%-11.6%Sign in free for the trailing twelve months
Net profit——10 Cr14 Cr34 Cr1 Cr3 Cr331 Cr20 Cr-7 CrSign in free for the trailing twelve months
EPS (₹)——₹7.11₹9.72₹23.93₹0.95₹2.34₹235.24₹13.95₹-4.87Sign in free for the trailing twelve months
Dividend payout %————0.0%0.0%0.0%0.0%0.0%—Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital14 Cr14 Cr14 Cr14 Cr14 Cr14 Cr14 Cr14 Cr14 Cr14 Cr
Reserves23 Cr77 Cr87 Cr101 Cr135 Cr136 Cr107 Cr432 Cr452 Cr445 Cr
Borrowings———————0.18 Cr——
Other liabilities115 Cr110 Cr109 Cr113 Cr112 Cr110 Cr98 Cr88 Cr77 Cr77 Cr
Total liabilities152 Cr201 Cr211 Cr228 Cr261 Cr260 Cr218 Cr534 Cr543 Cr536 Cr
Fixed assets (net)0.10 Cr0.10 Cr0.09 Cr0 Cr0.15 Cr0.13 Cr0.12 Cr0.10 Cr0.09 Cr0.13 Cr
CWIP——0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr0 Cr
Investments139 Cr190 Cr199 Cr212 Cr241 Cr238 Cr183 Cr510 Cr516 Cr507 Cr
Inventories0.13 Cr0.13 Cr0.13 Cr0.13 Cr0.13 Cr0.13 Cr0 Cr0 Cr0 Cr0 Cr
Trade receivables0.37 Cr0.45 Cr0.69 Cr0.27 Cr0.23 Cr0.20 Cr0.13 Cr0.21 Cr0 Cr0.01 Cr
Cash & bank3 Cr2 Cr5 Cr4 Cr5 Cr5 Cr4 Cr0.78 Cr3 Cr0 Cr
Other assets9 Cr8 Cr6 Cr12 Cr14 Cr16 Cr31 Cr23 Cr24 Cr29 Cr
Total assets152 Cr201 Cr211 Cr228 Cr261 Cr260 Cr218 Cr534 Cr543 Cr536 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity-0.04 Cr0.13 Cr-2 Cr17 Cr2 Cr-2 Cr-2 Cr-9 Cr-4 Cr-2 Cr
Cash from investing-0.28 Cr-0.21 Cr6 Cr-12 Cr-1 Cr2 Cr0.83 Cr6 Cr7 Cr1 Cr
Cash from financing-0.13 Cr-1 Cr-0.96 Cr-6 Cr0.53 Cr0 Cr0 Cr0.10 Cr-0.18 Cr0 Cr
Net cash flow-0.45 Cr-1 Cr3 Cr-1 Cr1 Cr-0.50 Cr-1 Cr-2 Cr2 Cr-0.09 Cr
Free cash flow (OCF − Capex)-0.77 Cr0.09 Cr-2 Cr17 Cr2 Cr-2 Cr-2 Cr-9 Cr-5 Cr-2 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %——10.9%12.2%23.0%1.2%2.8%74.6%5.1%-1.3%
ROE %——9.9%11.9%22.6%0.9%2.7%74.3%4.2%-1.5%
Debtor days——8624271822902
Inventory days——171216120000
Days payable——50303130971200
Cash conversion cycle——526121-75-302
Debt / equity——0.000.00—0.00—0.00040.00160.00
Current ratio0.050.040.120.170.230.230.220.30735.44—
Net debt / EBITDA—————-35.11—-0.12—0.00