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Maha Rashtra Apex Corporation Limited
(MAHAPEXLTD)
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Rating:52Neutral
Price Target:
₹57.00
▼(-43.56% Downside)
Action:Reiterated
Date:08/28/26
The score is held back primarily by weak and inconsistent financial performance—especially recurring losses and sustained negative operating/free cash flow—despite a strong, low-debt balance sheet. Technical indicators are relatively supportive with price above key moving averages and positive MACD, but valuation is constrained by negative earnings and no available dividend yield.
Positive Factors
Zero debt and very low leverage
Minimal leverage reduces interest and refinancing pressure, giving the company greater financial flexibility through weak earnings periods and preserving capacity to address operating challenges.
Negative Factors
Recurring losses and unstable profitability
Repeated losses and unusually variable margins weaken confidence in earnings quality, making it difficult to assess sustainable returns and increasing execution risk despite isolated profitable periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Zero debt and very low leverage
Minimal leverage reduces interest and refinancing pressure, giving the company greater financial flexibility through weak earnings periods and preserving capacity to address operating challenges.
Read all positive factors
Maha Rashtra Apex Corporation Limited (MAHAPEXLTD) vs. iShares MSCI India ETF (INDA)
Market Cap
₹1.44B
Dividend YieldN/A
Average Volume (3M)1.29K
Price to Earnings (P/E)―
Beta (1Y)0.52
Revenue Growth-46.49%
EPS Growth-200.76%
CountryIN
Employees18
SectorGeneral
Sector StrengthN/A
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)-20.58
Shares Outstanding28,183,792
10 Day Avg. Volume385
30 Day Avg. Volume1,287
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)0.15
Price to Sales (P/S)14.83
P/FCF Ratio-965.96
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Maha Rashtra Apex Corporation Limited Business Overview & Revenue Model
Company Description
Currently, Maha Rashtra Apex Corporation Limited does not engage in significant business operations. Historically, its activities included hire purchase, leasing, and bill discounting. The company was previously known as Maharashtra Apex Bank Ltd....
Maha Rashtra Apex Corporation Limited Financial Statement Overview
Summary
Income Statement
32
Negative
Balance Sheet
78
Positive
Cash Flow
22
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 44.59M | 47.41M | 13.61M | 87.14M | 21.30M | 38.92M |
| Gross Profit | 35.55M | 33.90M | 1.91M | 67.57M | 2.06M | 17.09M |
| EBITDA | 38.60M | -61.03M | 3.40B | -388.90M | -29.31M | 19.61M |
| Net Income | -272.55M | -68.67M | 3.36B | -404.61M | -418.77M | 13.42M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 5.36B | 5.43B | 5.49B | 2.09B | 2.60B |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 91.05M | 209.56M | 21.05M | 134.68M | 167.95M |
| Total Debt | 0.00 | 183.08M | 3.18M | 62.84M | 3.96M | 3.18M |
| Total Liabilities | -4.59B | 771.93M | 772.72M | 878.53M | 960.67M | 1.10B |
| Stockholders Equity | 4.59B | 4.59B | 4.66B | 4.61B | 1.13B | 1.50B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -728.00K | -52.04M | -88.64M | -76.96M | -22.89M |
| Operating Cash Flow | 0.00 | -136.00K | -43.01M | -88.64M | -76.90M | -22.67M |
| Investing Cash Flow | 0.00 | -768.00K | 69.21M | 62.88M | 52.54M | 5.60M |
| Financing Cash Flow | 0.00 | 0.00 | -1.80M | 1.04M | 7.35M | 12.07M |
Maha Rashtra Apex Corporation Limited Technical Analysis
Negative
101.00
Price Trends
51.93
Negative
49.97
Positive
51.33
Negative
Market Momentum
-0.27
Positive
43.94
Neutral
0.25
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MAHAPEXLTD, the sentiment is Negative. The current price of 101 is above the 20-day moving average (MA) of 54.42, above the 50-day MA of 51.93, and above the 200-day MA of 51.33, indicating a bearish trend. The MACD of -0.27 indicates Positive momentum. The RSI at 43.94 is Neutral, neither overbought nor oversold. The STOCH value of 0.25 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MAHAPEXLTD.
Maha Rashtra Apex Corporation Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ₹3.66B | 6.07 | ― | ― | 115.72% | 391.07% | |
70 Outperform | ₹2.43B | 12.76 | ― | 0.09% | 38.86% | 100.31% | |
57 Neutral | ₹3.14B | 58.49 | ― | 0.26% | 117.76% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
52 Neutral | ₹1.44B | -2.48 | ― | ― | -46.49% | -200.76% | |
49 Neutral | ₹862.93M | -1.40 | ― | 0.35% | -50.16% | -325.01% | |
44 Neutral | ₹489.71M | -0.43 | ― | 0.03% | -64.11% | -38.37% |
* General Sector Average
IN:MAHAPEXLTD
Maha Rashtra Apex Corporation Limited
51.20
-2.41
-4.49%
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IN:UYFINCORP
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33.87%
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402.50%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.