Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.73 | 0.63 | 6.88 | 0.53 | 0.48 | 0.05 | 0.30 | 0.05 | 0.06 | 1.97 | 0.06 | 0.06 |
| Expenses | 0.87 | 90.81 | 1.25 | 1.02 | 9.28 | 13.01 | 0.45 | 0.47 | 31.06 | 0.56 | 5.04 | 0.52 |
| Operating Profit | -0.14 | -90.18 | 5.63 | -0.49 | -8.80 | -12.96 | -0.15 | -0.42 | -31.00 | 1.41 | -4.98 | -0.46 |
| OPM % | -19.18% | -14,314.29% | 81.83% | -92.45% | -1,833.33% | -25,920.00% | -50.00% | -840.00% | -51,666.67% | 71.57% | -8,300.00% | -766.67% |
| Other Income | 3.03 | 0.50 | 413.84 | 0.79 | 0.84 | 6.31 | 26.56 | 24.30 | 0.32 | 3.83 | 0.43 | 4.07 |
| Interest | 0.00 | 0.01 | 0.00 | 0.01 | 0.01 | 0.00 | -0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 |
| Profit before tax | 2.88 | -89.70 | 419.46 | 0.28 | -7.98 | -6.66 | 26.42 | 23.87 | -30.69 | 5.23 | -4.56 | 3.59 |
| Tax % | 15.62% | 0.00% | 0.25% | 0.00% | -0.13% | 2.10% | 15.22% | 0.00% | 0.00% | 6.12% | 8.77% | 3.34% |
| Net Profit | 2.42 | -89.70 | 418.39 | 0.28 | -7.97 | -6.80 | 22.40 | 23.86 | -30.69 | 4.91 | -4.96 | 3.48 |
| EPS in Rs | 0.86 | -31.81 | 148.37 | 0.10 | -2.83 | -2.41 | 7.94 | 8.46 | -10.88 | 1.74 | -1.76 | 1.23 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1 | 9 | 10 | 9 | 5 | 8 | 8 | 9 | 9 | 8 | 4 | 2 |
| Expenses | 3 | 4 | 5 | 5 | 7 | 3 | 9 | 52 | 51 | 3 | 11 | 37 |
| Operating Profit | -1 | 5 | 5 | 4 | -1 | 5 | -1 | -43 | -41 | 5 | -7 | -35 |
| OPM % | -97% | 53% | 51% | 45% | -20% | 62% | -8% | -500% | -438% | 63% | -168% | -1,629% |
| Other Income | 3 | 3 | 1 | 7 | 15 | 27 | 3 | 2 | 3 | 19 | 1 | 9 |
| Interest | 2 | 2 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0 | 6 | 5 | 10 | 14 | 32 | 2 | -42 | -39 | 24 | -6 | -26 |
| Tax % | 60% | 1% | 17% | -0% | 0% | -5% | 30% | 0% | 4% | 17% | 12% | |
| Net Profit | -0 | 29 | 54 | 10 | 14 | 34 | 1 | -42 | -40 | 20 | -7 | -27 |
| EPS in Rs | -0.03 | 10.27 | 19.13 | 3.55 | 4.86 | 11.96 | 0.48 | -14.85 | -14.35 | 6.97 | -2.44 | -9.67 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 13% | -13% | -21% | 144% | ||
| Compounded Profit Growth | % | % | 22% | -227% | ||
| Stock Price CAGR | 20% | 1% | -12% | -6% | ||
| Return on Equity | % | -6% | -4% | -2% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 | 14 |
| Reserves | -87 | -87 | 23 | 77 | 87 | 101 | 135 | 136 | 99 | 432 | 452 | 445 |
| Borrowings | 10 | 0 | 6 | 6 | 6 | 6 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 143 | 132 | 109 | 105 | 103 | 107 | 111 | 110 | 96 | 87 | 77 | 77 |
| Total Liabilities | 80 | 60 | 152 | 201 | 211 | 228 | 261 | 261 | 209 | 534 | 543 | 536 |
| Fixed Assets | 7 | 7 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 | 4 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 19 | 19 | 139 | 190 | 196 | 209 | 238 | 236 | 188 | 504 | 513 | 503 |
| Other Assets | 54 | 34 | 10 | 8 | 12 | 16 | 19 | 22 | 18 | 27 | 27 | 29 |
| Total Assets | 80 | 60 | 152 | 201 | 211 | 228 | 261 | 261 | 209 | 534 | 543 | 536 |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 15 | -1 | -0 | 0 | -2 | 5 | 1 | -2 | -8 | -9 | -4 | -2 |
| Cash from Investing Activity | 1 | 1 | -0 | -0 | 6 | -0 | -0 | 1 | 5 | 6 | 1 | -0 |
| Cash from Financing Activity | -10 | -11 | -0 | -1 | -1 | -6 | 1 | 1 | 1 | 0 | 6 | 2 |
| Net Cash Flow | 6 | -12 | -0 | -1 | 3 | -1 | 1 | -0 | -2 | -2 | 2 | -0 |
| Free Cash Flow | 15 | -1 | 1 | 0 | -2 | 5 | 1 | -2 | -8 | -9 | -5 | -2 |
| CFO/OP | -492% | 94% | 1% | 6% | -45% | -444% | 39% | 375% | 17% | 21% | -92% | 24% |
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1,453 | 1,513 | 15 | 16 | 27 | 18 | 8 | 9 | 5 | 8 | 0 | 1 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 1,453 | 1,513 | 15 | 16 | 27 | 18 | 8 | 9 | 5 | 8 | 0 | 1 |
| Working Capital Days | -21,343 | -27,216 | -4,730 | -3,952 | -4,142 | -7,176 | -4,515 | -4,571 | -3,675 | -2,747 | -2,865 | -4,768 |
| ROCE % | 8% | 4% | 12% | 23% | -0% | -33% | -15% | 3% | -2% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 62.54% | 62.54% | 62.54% | 62.54% | 62.54% | 62.54% | 62.54% | 62.54% | 62.54% | 62.54% | 62.54% | 71.57% |
| DIIs | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.00% |
| Public | 37.46% | 37.45% | 37.46% | 37.46% | 37.46% | 37.46% | 37.46% | 37.47% | 37.47% | 37.47% | 37.46% | 28.43% |
| No. of Shareholders | 10,340 | 10,727 | 10,834 | 11,650 | 12,835 | 15,578 | 15,870 | 15,561 | 15,333 | 15,274 | 15,805 | 15,657 |
Fundamentals
Market Cap₹ 143 Cr.
Current Price₹ 50.9
Book Value₹ 163
ROCE-1.51 %
ROE-1.69 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)144%
Compounded Profit Growth (TTM)-227%
Consolidated figures.
Valuation
Market capRs 71 Cr
Enterprise valueRs 68 Cr
Price to book0.15x
Price to sales32.89x
EV / sales31.64x
Earnings yield-38.55%
P/E, 3-year average4.01x
P/B, 3-year average0.18x
P/E, 5-year average28.33x
P/B, 5-year average0.32x
Profitability
Operating margin (excl. other income)-167.83%
Operating margin (incl. other income)-142.19%
EBITDA margin-1226.98%
Pre-tax margin-1229.30%
Net profit margin-1267.91%
Net margin, latest quarter5800.00%
ROE-1.49%
ROCE-1.33%
ROA-1.27%
ROE, 3-year average-3.88%
ROCE, 3-year average-3.34%
ROA, 3-year average-2.84%
ROE, 5-year average-8.51%
ROCE, 5-year average-8.07%
ROA, 5-year average-5.17%
ROIC (approx.)-6.47%
Tax rate-11.71%
Other income / net worth0.24%
Growth
Sales growth (latest year)-42.80%
Profit growth (latest year)-134.94%
Sales CAGR, 3 years-20.81%
Sales CAGR, 5 years-12.53%
Sales growth QoQ0.00%
Sales growth YoY (latest quarter)20.00%
Profit growth YoY (latest quarter)-85.41%
Per share
EPS (TTM)Rs -19.34
EPS (latest year)Rs -4.88
EPS (latest quarter)Rs 2.47
EPS, 3-year averageRs -6.55
EPS, 5-year averageRs -9.68
Book value per shareRs 325.66
Sales per shareRs 1.53
Cash flow per shareRs -1.21
Free cash flow per shareRs -1.42
Efficiency
Asset turnover0.01x
Fixed asset turnover1.18x
Debtor days1 days
Debtors turnover429.00x
Cash conversion cycle1 days
Working capital days-4768 days
Leverage
Total debtRs 0 Cr
Cash and bankRs 3 Cr
Net debtRs -3 Cr
Debt to equity0.00x
Owners' fund to total sources85.60%
Debt to assets0.06%
Cash flow
Cash from Operating Activity (latest year)Rs -2 Cr
Cash from Investing Activity (latest year)Rs -0 Cr
Cash from Financing Activity (latest year)Rs 2 Cr
Net Cash Flow (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -2 Cr
FCFE (approx.: FCF + change in debt)Rs -2 Cr
Statement figures
Net sales (TTM)Rs 2 Cr
Net sales (latest year)Rs 4 Cr
Sales (latest quarter)Rs 0 Cr
Operating profit excl. other income (latest year)Rs -7 Cr
Operating profit (latest quarter)Rs -0 Cr
Other income (TTM)Rs 9 Cr
EBITDA (TTM)Rs -26 Cr
PBDT (TTM)Rs -26 Cr
Profit before tax (TTM)Rs -26 Cr
Tax (latest year)Rs 1 Cr
Net profit (TTM)Rs -27 Cr
Net profit (latest year)Rs -7 Cr
Net profit (latest quarter)Rs 3 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 11 Cr
Total income (latest year)Rs 5 Cr
Share capitalRs 14 Cr
ReservesRs 445 Cr
Shareholders' fundsRs 459 Cr
Total assetsRs 536 Cr
Net blockRs 4 Cr
InvestmentsRs 503 Cr
ReceivablesRs 0 Cr
Other liabilitiesRs 77 Cr
Shares outstanding (crore)1.41
Ownership
Promoter holding71.57% (+9.03 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 0.15 is at the 2th percentile (median 0.98).
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.
| Period | MAHAPEXLTD | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -3.0% | -2.8% | -0.2 pts |
| 1 month | -10.7% | -6.8% | -3.9 pts |
| 3 months | +9.9% | -7.6% | +17.5 pts |
| 6 months | +0.6% | +0.4% | +0.2 pts |
| 1 year | -51.5% | -9.9% | -41.6 pts |
| 2 years | -69.7% | -13.6% | -56.1 pts |
| 3 years | -63.8% | +14.2% | -77.9 pts |
| 5 years | -42.5% | +27.9% | -70.3 pts |
Red flags
F-score 2 of 8| look | On NSE surveillance On NSE surveillance: ASM long-term |
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 2026Sales ₹0 Cr +20.0% vs Jun 2025.
Net profit ₹3 Cr -85.4%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| CRISIL Ltd | 32,646 | 36.9 | 32.6 % |
| RRP Semiconductor Ltd | 11,182 | -32.7 % | |
| Onemi Technology Solutions Ltd | 6,359 | 20.1 | 22.7 % |
| Asset Reconstruction Company (India) Ltd | 4,640 | 13.2 | 14.0 % |
| Colab Platforms Ltd | 2,622 | 542 | 22.4 % |
| Algoquant Fintech Ltd | 1,857 | 41.5 | 31.4 % |
| GYFTR Ltd | 1,198 | 54.9 | 6.77 % |
| Prime Securities Ltd | 1,033 | 60.6 | 8.25 % |
| Centrum Capital Ltd | 996 | 7.33 % | |
| Wealth First Portfolio Managers Ltd | 949 | 28.7 | 34.6 % |
| RNFI Services Ltd | 792 | 27.9 | 27.3 % |
| Stellant Securities (India) Ltd | 530 | 14.5 | 71.7 % |
| The Investment Trust of India Ltd | 473 | 14.5 | 8.54 % |
| Akiko Global Services Ltd | 467 | 24.2 | 37.3 % |
| Regency Fincorp Ltd | 415 | 24.0 | 10.5 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2026-03-20 | Rights 1:1 @ Premium Rs 0/- | |
| 2024-09-19 | Annual General Meeting | |
| 2023-09-21 | Annual General Meeting | |
| 2022-09-20 | Annual General Meeting | |
| 2021-09-20 | Annual General Meeting | |
| 2020-09-22 | Annual General Meeting | |
| 2019-09-20 | Annual General Meeting | |
| 2018-09-19 | Annual General Meeting | |
| 2017-09-21 | Annual General Meeting | |
| 2016-09-21 | Annual General Meeting | |
| 2015-09-23 | Annual General Meeting | |
| 2014-09-23 | Annual General Meeting | |
| 2013-09-23 | Annual General Meeting | |
| 2012-09-20 | Annual General Meeting | |
| 2011-09-20 | Annual General Meeting | |
| 2010-09-23 | Annual General Meeting | |
| 2009-09-24 | Annual General Meeting | |
| 2008-09-23 | Annual General Meeting | |
| 2007-09-20 | Agm | |
| 2006-09-21 | Agm |
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.
Less than 100 unique PAN traded in previous 30 daysLong Term Additional Surveillance Measure (Long Term ASM): stage 1Scrip PE is greater than 50 (4 trailing quarters)