MarketFriction

Maharashtra Scooters Ltd

NSE MAHSCOOTER · BSE 500266 · Investment Company
₹12,380.00 -1.56%
NSE close2026-10-01
52 week range10,901.00 - 17,799.00
Market cap₹14,104 Cr.
P/E50.6
Price band 20% Delivery 56.0%

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
Sales205.926.375.187.72163.175.796.6529.27271.026.446.035.41
Expenses5.615.164.495.742.221.701.901.081.220.881.050.86
Operating Profit200.311.210.691.98160.954.094.7528.19269.805.564.984.55
OPM %97.28%19.00%13.32%25.65%98.64%70.64%71.43%96.31%99.55%86.34%82.59%84.10%
Other Income0.110.700.00-13.230.220.7057.780.000.000.000.480.00
Interest0.000.000.000.000.000.000.000.000.000.000.000.00
Depreciation0.520.510.520.520.480.480.480.010.000.010.000.00
Profit before tax199.901.400.17-11.77160.694.3162.0528.18269.805.555.464.55
Tax %1.09%28.57%41.18%-170.18%5.93%23.43%16.79%-25.48%1.01%25.77%26.56%27.03%
Net Profit197.731.000.108.26151.163.3051.6335.36267.074.124.013.32
EPS in Rs173.010.870.097.23132.262.8945.1830.94233.693.603.512.90
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales98829521130194217223184313289
Expenses1514202020202023191244
Operating Profit-6-6617519111174194203173309285
OPM %-72%-69%75%79%90%35%90%90%91%94%99%99%
Other Income1082111300114400
Interest000000000000
Depreciation111222222200
Profit before tax1011461741929172193202215309285
Tax %0%9%1%2%6%3%17%-1%1%0%-1%
Net Profit1011361731809143195199214311279
EPS in Rs88.3711.4453.1663.70157.457.71124.87170.88174.40187.56271.74243.70
Dividend Payout %34%262%62%52%32%649%64%94%97%75%81%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth43%59%13%41%
Compounded Profit Growth12%104%17%44%
Stock Price CAGR24%21%17%-28%
Return on Equity1%1%1%1%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital111111111111111111111111
Reserves2413016,5418,21411,3128,19916,23222,84219,03127,00530,85127,623
Borrowings000000000000
Other Liabilities66252018391141,0361,8461,3552,3773,7253,156
Total Liabilities3183376,5728,24311,7148,22517,28024,69920,39829,39434,58830,791
Fixed Assets4771315151413121000
CWIP000000000000
Investments2712806,5118,19611,6808,08017,18924,65420,36429,36234,56330,759
Other Assets4350543420130763322222432
Total Assets3183376,5728,24311,7148,22517,28024,69920,39829,39434,58830,791
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-10-8-3311-7-6119209206159267
Cash from Investing Activity4181354045195-68-62-3-1236-19
Cash from Financing Activity-33-80-2-41-45-113-1-58-205-194-193-250
Net Cash Flow-2-600-075-75-0001-2
Free Cash Flow-10-12-34-5-2-9-6119207206224267
CFO/OP180%104%530%3%5%-2%-44%86%119%106%100%92%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days137999515148821911300
Inventory Days134421115772163
Days Payable27374040899
Cash Conversion Cycle243104166337881461911300
Working Capital Days-2,141-203-4314410331107-3513
ROCE %20%35%0%1%1%2%0%1%1%1%1%1%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters51.00%51.00%51.00%51.00%51.00%51.00%51.00%51.00%51.00%51.00%51.00%51.00%
FIIs4.16%4.39%4.42%4.54%4.73%4.89%4.90%5.12%6.21%6.24%6.33%6.18%
DIIs5.15%5.10%5.08%5.36%5.34%5.27%4.52%4.26%3.85%3.87%3.69%3.85%
Government0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public39.68%39.50%39.47%39.08%38.94%38.84%39.56%39.60%38.92%38.86%38.96%38.96%
No. of Shareholders20,57320,07320,71521,19521,96425,85124,87825,08925,17224,91923,91924,766

Fundamentals

Market Cap₹ 14,104 Cr.
Current Price₹ 12,341
Stock P/E50.6
Book Value₹ 24,180
ROCE1.06 %
ROE1.06 %
Dividend Yield1.78 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)41%
Compounded Profit Growth (TTM)44%
Standalone figures.
Valuation
Market capRs 14,149 Cr
Enterprise valueRs 14,141 Cr
P/E (TTM)50.80x
Price to book0.51x
Price to sales48.97x
EV / EBITDA49.55x
EV / EBIT49.55x
EV / sales48.95x
Price to cash flow52.98x
Earnings yield1.97%
Dividend yield1.78%
P/E, 3-year average47.28x
P/B, 3-year average0.39x
P/E, 5-year average39.22x
P/B, 5-year average0.32x
Profitability
Operating margin (excl. other income)98.66%
Operating margin (incl. other income)98.80%
EBITDA margin98.78%
Pre-tax margin98.77%
Net profit margin96.41%
Net margin, latest quarter61.37%
ROE1.06%
ROCE1.06%
ROA0.95%
ROE, 3-year average0.89%
ROCE, 3-year average0.89%
ROA, 3-year average0.81%
ROE, 5-year average0.87%
ROCE, 5-year average0.90%
ROA, 5-year average0.79%
ROIC (approx.)1.04%
Tax rate-0.51%
Other income / net worth0.00%
Growth
Sales growth (latest year)69.63%
Profit growth (latest year)44.88%
Sales CAGR, 3 years12.95%
Sales CAGR, 5 years59.38%
Profit CAGR, 3 years16.72%
Profit CAGR, 5 years103.91%
Sales growth QoQ-10.28%
Profit growth QoQ-17.21%
Sales growth YoY (latest quarter)-81.52%
Profit growth YoY (latest quarter)-90.61%
Per share
EPS (TTM)Rs 243.71
EPS (latest year)Rs 271.74
EPS (latest quarter)Rs 2.90
EPS, 3-year averageRs 211.23
EPS, 5-year averageRs 185.89
Book value per shareRs 24,180.45
Sales per shareRs 252.79
Cash flow per shareRs 233.67
Free cash flow per shareRs 233.63
Dividend per share (latest year)Rs 220.03
Dividend per share, 3-year averageRs 176.69
Dividend per share, 5-year averageRs 154.02
Dividends
Dividend payout80.97%
Dividend payout, 3-year average84.37%
Dividend payout, 5-year average82.17%
Efficiency
Asset turnover0.01x
Creditor days99 days
Cash conversion cycle0 days
Working capital days13 days
Leverage
Cash and bankRs 8 Cr
Net debtRs -8 Cr
Net debt / EBITDA-0.03x
Owners' fund to total sources89.75%
Cash flow
Cash from Operating Activity (latest year)Rs 267 Cr
Cash from Investing Activity (latest year)Rs -19 Cr
Cash from Financing Activity (latest year)Rs -250 Cr
Net Cash Flow (latest year)Rs -2 Cr
Free cash flow (latest year)Rs 267 Cr
Cash from ops / profit, 5 years0.90x
Sales to cash flow1.17x
Statement figures
Net sales (TTM)Rs 289 Cr
Net sales (latest year)Rs 313 Cr
Sales (latest quarter)Rs 5 Cr
Operating profit excl. other income (latest year)Rs 309 Cr
Operating profit (latest quarter)Rs 5 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 285 Cr
PBDT (TTM)Rs 285 Cr
Profit before tax (TTM)Rs 285 Cr
Tax (latest year)Rs -2 Cr
Net profit (TTM)Rs 279 Cr
Net profit (latest year)Rs 311 Cr
Net profit (latest quarter)Rs 3 Cr
Depreciation (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 0 Cr
Total expenditure (latest year)Rs 4 Cr
Total income (latest year)Rs 313 Cr
Share capitalRs 11 Cr
ReservesRs 27,623 Cr
Shareholders' fundsRs 27,635 Cr
Total assetsRs 30,791 Cr
InvestmentsRs 30,759 Cr
Other liabilitiesRs 3,156 Cr
Shares outstanding (crore)1.14
Ownership
Promoter holding51.00% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 50.8 is at the 50th percentile of its own 8.4-year range (median 50.8, low 15.9, high 250.0).
P/B 0.51 is at the 83th percentile (median 0.43).
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.
PeriodMAHSCOOTERNifty 50Difference
1 week-6.6%-2.8% -3.8 pts
1 month-9.6%-6.8% -2.8 pts
3 months-4.9%-7.6% +2.7 pts
6 months+11.4%+0.4% +11.0 pts
1 year-29.5%-9.9% -19.6 pts
2 years+4.3%-13.6% +17.9 pts
3 years+62.6%+14.2% +48.4 pts
5 years+164.9%+27.9% +137.1 pts
8 mutual fund schemes hold about ₹494 Cr. Over three months 8 bought more and 0 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Parag Parikh ELSS Tax Saver Fund5.76%323 +15%
Parag Parikh Flexi Cap Fund0.10%151 +23%
Motilal Oswal Nifty Microcap 250 Index Fund0.78%19 +7%
Groww Nifty Total Market Index Fund0.04%0 +11%
Angel One Nifty Total Market Index Fund0.04%0 +11%
Mirae Asset Nifty Total Market Index Fund0.04%0 +5%
Bandhan Nifty Total Market Index Fund0.04%0 +15%
Motilal Oswal BSE 1000 Index Fund0.04%0 +15%

Red flags

F-score 7 of 8
No red flags in the latest statements and filings.
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 ₹5 Cr -81.5% vs Jun 2025. Net profit ₹3 Cr -90.6%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-21Intdividend - Rs 160 Per Share
2026-06-30Dividend - Rs 60 Per Share
2025-09-22Interim Dividend - Rs 160 Per Share
2025-06-27Dividend - Rs 30 Per Share/ Special Dividend - Rs 30 Per Share
2024-09-25Interim Dividend - Rs 110 Per Share
2024-06-28Dividend - Rs 60 Per Share
2023-09-28Interim Dividend - Rs 110 Per Share
2023-06-30Dividend - Rs 60 Per Share
2022-09-22Interim Dividend - Rs 100 Per Share
2022-06-30Dividend - Rs 80 Per Share
2021-07-08 Annual General Meeting/Dividend - Rs 50 Per Sh
2020-03-03 Interim Dividend - Rs 50 Per Share
2019-07-11 Annual General Meeting/ Dividend - Rs 33 Per Share
2018-07-05 Annual General Meeting/Dividend- Rs 33 Per Share
2017-07-06 Annual General Meeting/Dividend - Rs 30 Per Share
2016-03-22 Interim Dividend - Rs 30/- Per Share (Purpose Revised)
2015-07-09Annual General Meeting And Dividend Rs.30/- Per Share
2014-07-03Annual General Meeting/Dividend Rs.25/- Per Share
2013-07-04Annual General Meeting/Dividend Rs.20/- Per Share
2012-07-05Annual General Meeting/Dividend Re 1 Per Share
2011-06-29Annual General Meeting And Dividend Rs.9/- Per Share
2010-06-29Annual General Meeting / Dividend Rs 5.5 Per Share
2009-06-29Agm/Div-Rs.5.50 Per Share
2008-06-27Agm/Dividend-60%
2007-06-28Agm/Dividend-30%
2006-06-29Agm/Div-Rs.4.50/- Per Sh
DateTypeWhat it says
2026-09-28Shareholder meetingMaharashtra Scooters Limited has submitted the Exchange a copy Srutinizer report of Postal Ballot
2026-09-18UpdatesCommunication sent to shareholders regarding Tax Deduction at Source (TDS) on interim dividend and updation of bank account details..
2026-09-15Record DateRecord date for the purpose of Interim Dividend is 21 September 2026.
2026-09-15DividendBoard of Directors at its meeting held on 15 September 2026, declared an Interim Dividend of Rs. 160/- per equity share.
2026-09-01Address ChangeChange in Registered Office of the Company.
2026-08-28Shareholder meetingNotice of Postal Ballot
2026-07-31Shareholder meetingMaharashtra Scooters Limited has submitted the Exchange, a copy of Scrutinizers report and voting results of the Annual General Meeting held on 29 Jul...
2026-07-29Shareholder meetingProceedings of Annual General Meeting held on 29 July 2026
2026-07-29Amendment to AOA/MOAThe Amendment to AOA/MOA of the company.
2026-07-29General UpdatesAmendment to the Object Clause of the Memorandum of Association ( MOA ) of the Company and Change in Name of the Company subject to the approval of Me...
2026-07-29Board meeting outcomeMaharashtra Scooters Limited has submitted to the Exchange, the un-audited financial results for the period ended 30 June 2026.
2026-07-04Shareholder meetingNotice of 51st Annual General Meeting to be held on Wednesday, 29 July 2026.
2026-06-10UpdatesCommunication sent to shareholders regarding Tax Deduction at Source (TDS) on final dividend and updation of bank account details.
2026-04-22Record DateRecord date for the purpose of Final Dividend is 30-Jun-2026.
2026-04-22DividendBoard of Directors at its meeting held on 22 April 2026, considered and recommended Final Dividend of Rs. 60 per equity share, for the financial year ...
2026-04-22Board meeting outcomeMaharashtra Scooters Limited has submitted to the Exchange, the financial results for the period ended 31 March 2026
2026-04-21Disclosure under SEBI TakeovBajaj Holdings & Investment Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of ...
2026-03-27General UpdatesAcquisition of shares in ordinary course of business.
2026-03-26General UpdatesAcquisition of shares in ordinary course of business.
2026-01-12Board meeting outcomeBoard meeting held on 12 January 2026 for consideration of Unaudited Financial results for the quarter and nine months ended 31 December 2025.
2026-01-12Board meeting outcomeBoard meeting held on 12 January 2026 for consideration of Unaudited Financial results for the quarter and nine months ended 31 December 2025.
2025-11-03Board meeting outcomeBoard meeting held on 3 November 2025 for consideration of Unaudited Financial results for the quarter and half year ended 30 September 2025
2025-11-03Board meeting outcomeBoard meeting held on 3 November 2025 for consideration of Unaudited Financial results for the quarter and half year ended 30 September 2025
2025-10-09Shareholder meetingMaharashtra Scooters Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot
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.
Order dateForumCase
2021-04-08NCLATSawai Singhai Yash Jain & Anr VS Maharashtra Scooters & Ltd
2021-02-17NCLATSawai Singhai Yash Jain & Anr VS Maharashtra Scooters & Ltd
2020-12-21NCLATSawai Singhai Yash Jain & Anr VS Maharashtra Scooters & Ltd
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Maharashtra Scooters Ltd?

Maharashtra Scooters Ltd (MAHSCOOTER) has a market capitalisation of Rs 14,104 Cr. at the 2026-10-01 close.

What is the P/E ratio of Maharashtra Scooters Ltd?

Maharashtra Scooters Ltd trades at a P/E of 50.6 on trailing twelve-month profit, at the 2026-10-01 close.

What were Maharashtra Scooters Ltd's latest quarterly results?

In the Jun 2026 quarter, Maharashtra Scooters Ltd sales was Rs 5 Cr (-81.5% vs Jun 2025) and net profit was Rs 3 Cr.

What is the 52-week high and low of Maharashtra Scooters Ltd?

The 52-week high is Rs 17,799.00 and the 52-week low is Rs 10,901.00.

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