MarketFriction

Maharashtra Corporation Ltd

BSE 505523 · Trading & Distributors
₹0.28 -3.45%
BSE close2026-10-01
Market cap₹18.6 Cr.

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales0.000.550.230.650.250.650.000.000.050.000.000.00
Expenses0.050.030.090.110.270.220.630.270.030.010.040.20
Operating Profit-0.050.520.140.54-0.020.43-0.63-0.270.02-0.01-0.04-0.20
OPM %94.55%60.87%83.08%-8.00%66.15%40.00%
Other Income0.000.000.010.000.000.00-0.020.000.000.000.060.00
Interest0.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation0.030.030.120.030.030.030.090.040.030.030.030.02
Profit before tax-0.080.490.030.51-0.050.40-0.74-0.31-0.01-0.04-0.01-0.22
Tax %0.00%0.00%0.00%0.00%0.00%0.00%2.70%0.00%0.00%0.00%100.00%0.00%
Net Profit-0.080.490.030.51-0.050.40-0.76-0.30-0.01-0.04-0.02-0.23
EPS in Rs-0.000.030.000.01-0.000.01-0.01-0.00-0.00-0.00-0.00-0.00
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales12.7920.83-0.040.000.000.400.001.120.781.550.050.05
Expenses12.7820.831.980.110.090.410.660.380.511.240.390.28
Operating Profit0.010.00-2.02-0.11-0.09-0.01-0.660.740.270.31-0.34-0.23
OPM %0.08%0.00%-2.50%66.07%34.62%20.00%-680.00%-460.00%
Other Income0.000.020.040.020.020.020.000.010.010.000.060.06
Interest0.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation0.000.000.000.000.000.000.000.030.120.180.120.11
Profit before tax0.010.02-1.98-0.09-0.070.01-0.660.720.160.13-0.40-0.28
Tax %0.00%50.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%15.38%-7.50%
Net Profit0.000.01-1.98-0.09-0.070.01-0.660.720.150.11-0.37-0.30
EPS in Rs0.000.00-0.03-0.00-0.000.00-0.010.040.000.00-0.010.00
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-43%-34%-65%-94%
Compounded Profit Growth%%%57%
Stock Price CAGR1%-9%-37%-41%
Return on Equity-1%0%0%-1%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital13.5313.5313.5313.5313.5313.5313.5313.5329.2762.3662.0962.09
Reserves1.251.251.27-0.71-0.81-0.88-0.87-1.53-0.81-0.66-0.30-0.67
Borrowings0.000.000.000.020.000.060.530.000.000.00-0.280.28
Other Liabilities0.197.810.851.031.040.190.270.170.110.090.130.02
Total Liabilities14.9722.5915.6513.8713.7612.9013.4612.1728.5761.7961.6461.72
Fixed Assets0.000.000.000.000.000.000.000.000.650.5448.6749.85
CWIP0.000.000.000.000.000.000.000.000.000.000.000.00
Investments4.423.583.580.700.800.800.800.800.800.801.661.91
Other Assets10.5519.0112.0713.1712.9612.1012.6611.3727.1260.4511.319.96
Total Assets14.9722.5915.6513.8713.7612.9013.4612.1728.5761.7961.6461.72
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-0.37-0.840.05-0.05-0.04-0.01-0.010.50-15.40-29.5948.101.34
Cash from Investing Activity0.350.840.000.000.000.000.00-0.12-0.68-0.02-49.09-1.30
Cash from Financing Activity-0.010.000.000.000.000.000.000.0515.7430.530.000.00
Net Cash Flow-0.040.000.05-0.05-0.04-0.01-0.010.43-0.340.92-1.000.04
Free Cash Flow-0.37-0.840.05-0.05-0.04-0.01-0.010.38-16.08-29.61-0.990.04
CFO/OP-925%-8,400%2%36%11%100%-76%-2,081%-10,959%15,510%-394%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days882.94438.63134.58-80,573.757,509.881,606.651,979.42996.1030,222.00
Inventory Days230.5344.3927.10298.641,950.86
Days Payable23.33225.7314.52199.09314.66
Cash Conversion Cycle1,090.14257.29147.15-80,474.209,146.081,606.651,979.42996.1030,222.00
Working Capital Days1,084.72261.41147.3785,410.008,212.507,339.1124,543.911,737.8740,296.00
ROCE %0.27%0.07%0.14%-14.33%-0.70%-0.55%0.08%-5.24%3.56%0.35%0.21%-0.65%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters16.34%16.33%16.33%16.62%16.62%16.62%16.62%16.62%16.62%16.62%16.62%16.62%
Public83.66%83.66%83.67%83.39%83.39%83.38%83.39%83.38%83.39%83.38%83.40%83.40%
No. of Shareholders45,90247,03889,4001,11,4731,16,4571,40,2811,47,0281,47,9651,47,3111,45,5611,42,6331,42,633

Fundamentals

Market Cap₹ 18.6 Cr.
Current Price₹ 0.30
Book Value₹ 0.99
ROCE-0.65 %
ROE-0.60 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)-94%
Compounded Profit Growth (TTM)57%
Standalone figures.
Valuation
Market capRs 17 Cr
Enterprise valueRs 18 Cr
Price to book0.28x
Price to sales347.69x
EV / sales352.09x
Price to cash flow12.97x
Earnings yield-1.73%
P/E, 3-year average396.65x
P/B, 3-year average0.66x
P/E, 5-year average282.73x
P/B, 5-year average1.03x
Profitability
Operating margin (excl. other income)-680.00%
Operating margin (incl. other income)-560.00%
EBITDA margin-340.00%
Pre-tax margin-560.00%
Net profit margin-600.00%
ROE-0.60%
ROCE-0.65%
ROA-0.60%
ROE, 3-year average-0.03%
ROCE, 3-year average-0.03%
ROA, 3-year average-0.03%
ROE, 5-year average-0.38%
ROCE, 5-year average-0.35%
ROA, 5-year average-0.34%
ROIC (approx.)-0.42%
Tax rate7.50%
Other income / net worth0.10%
Growth
Sales growth (latest year)-96.77%
Profit growth (latest year)-436.36%
Sales CAGR, 3 years-64.53%
Sales CAGR, 5 years-34.02%
Per share
EPS (TTM)Rs -0.00
EPS (latest year)Rs -0.01
EPS (latest quarter)Rs -0.00
EPS, 3-year averageRs -0.00
EPS, 5-year averageRs -0.01
Book value per shareRs 0.99
Sales per shareRs 0.00
Cash flow per shareRs 0.02
Free cash flow per shareRs 0.00
Efficiency
Asset turnover0.00x
Fixed asset turnover0.00x
Inventory turnover0.00x
Debtor days30222 days
Debtors turnover0.01x
Creditor days315 days
Cash conversion cycle30222 days
Working capital days40296 days
Leverage
Total debtRs 0 Cr
Cash and bankRs 0 Cr
Net debtRs 0 Cr
Debt to equity0.00x
Owners' fund to total sources99.51%
Debt to assets0.45%
Cash flow
Cash from Operating Activity (latest year)Rs 1 Cr
Cash from Investing Activity (latest year)Rs -1 Cr
Net Cash Flow (latest year)Rs 0 Cr
Free cash flow (latest year)Rs 0 Cr
FCFE (approx.: FCF + change in debt)Rs 1 Cr
Sales to cash flow0.04x
Statement figures
Net sales (TTM)Rs 0 Cr
Net sales (latest year)Rs 0 Cr
Operating profit excl. other income (latest year)Rs -0 Cr
Operating profit (latest quarter)Rs -0 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs -0 Cr
PBDT (TTM)Rs -0 Cr
Profit before tax (TTM)Rs -0 Cr
Tax (latest year)Rs -0 Cr
Net profit (TTM)Rs -0 Cr
Net profit (latest year)Rs -0 Cr
Net profit (latest quarter)Rs -0 Cr
Depreciation (TTM)Rs 0 Cr
Depreciation (latest quarter)Rs 0 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total expenditure (latest year)Rs 0 Cr
Total income (latest year)Rs 0 Cr
Share capitalRs 62 Cr
ReservesRs -1 Cr
Shareholders' fundsRs 61 Cr
Total assetsRs 62 Cr
Net blockRs 50 Cr
InvestmentsRs 2 Cr
ReceivablesRs 4 Cr
InventoryRs 2 Cr
Other liabilitiesRs 0 Cr
Shares outstanding (crore)62.09
Ownership
Promoter holding16.62% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 0.28 is at the 1th percentile (median 1.13).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
Period505523Nifty 50Difference
1 week-6.7%-2.8% -3.9 pts
1 month-6.7%-6.8% +0.1 pts
3 months-12.5%-7.6% -4.9 pts
3 years-76.1%+14.2% -90.2 pts
5 years-40.4%+27.9% -68.3 pts

Red flags

F-score 3 of 8
explainReceivables outrunning sales Receivables grew -2% vs sales -97% in 2026
explainShare dilution Share count up 0% in a year, 246% in three
lookInventory outrunning sales Inventory grew 0% vs sales -97% in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹0 Cr. Net loss ₹0 Cr.

Activity

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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Maharashtra Corporation Ltd?

Maharashtra Corporation Ltd (505523) has a market capitalisation of Rs 18.6 Cr. at the 2026-10-01 close.

What were Maharashtra Corporation Ltd's latest quarterly results?

In the Jun 2026 quarter, Maharashtra Corporation Ltd sales was Rs 0 Cr with a net loss of Rs 0 Cr.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03