āagman

Not investment advice. Data and computed figures, for information only.

Maharashtra Scooters Ltd

NSE: MAHSCOOTER
₹12,401.00
−₹7.00 (−0.06%)
NSE · 16 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹14,917 Cr
CMP
₹12,401.00
52-wk High / Low
₹17,733 / 10,901
P/E
53.6
P/B
0.5
Book Value
₹24,180.0
Div Yield
1.69%
ROCE
1.0%
ROE
1.1%
Face Value
₹10
D/E
0.00

Price−30.6% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 16 Oct 2026
How we compute these
Piotroski F-Score
6
/ 9
6 of 9 F-score tests passed
Graham Number
₹12,159
√(22.5 × EPS × book value per share)
ROIC
1.1%
vs 10.0% sector median
Cash flow to profit
0.86
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−1,221
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
0.1%
ROE × earnings retention ratio
ROE stability
0.2
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −0.15DII +0.16
Latest quarter vs the previous one
Cash-accrual divergence
0.1%
of assets
Low = accruals track cash flow
Strengths
+FII holding rose by 2.2pp over the last year
Watch-outs
−Latest ROCE of 1% trails the sector median of 9.4%
−Price trades below its 200-day moving average (1.0x)
−Price is 30.1% below its 52-week high

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Standalone basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales52066581636729271665
Expenses4654622211111
Operating Profit12001121614528270655
OPM %23.0%97.3%19.0%13.3%25.6%98.6%70.6%71.4%96.3%99.5%86.3%82.6%84.1%
Other Income0010−13015800000
Interest0000000000000
Depreciation1111100000000
Profit before tax120010−1216146228270655
Net Profit019810815135235267443
EPS (₹)0.42173.010.870.097.23132.262.8945.1830.94233.693.603.512.90

Profit & Loss

As of 30 Jun 2026
Standalone · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales798829521130194217223184313289
Expenses121514202020202023191244
Operating Profit−5−6−6617519111174194203173309285
OPM %−71.4%−66.7%−75.0%74.4%78.9%90.5%36.7%89.7%89.4%91.0%94.0%98.7%98.6%
Other Income631082111300114400
Interest0000000000000
Depreciation3111222222200
Profit before tax551011461741929172193202215309285
Net Profit551011361731809143195199214311279
EPS (₹)47.9188.3711.4453.1663.70157.457.71124.87170.88174.40187.56271.74243.70

Balance Sheet

As of 30 Jun 2026
Standalone · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 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—

Cash Flows

As of 31 Mar 2026
Standalone · ₹ Cr
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−2−600075−750001−2

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %20.035.00.01.01.02.00.01.01.01.01.01.0
ROE %———————————1.1
EPS (₹)47.9188.3711.4453.1663.70157.457.71124.87170.88174.40187.56271.74
Book Value (₹)———————————24,180.0
Face Value (₹)———————————10
P/E———————————53.6
Div Yield %———————————1.69
NPM %78.686.344.873.576.084.130.073.789.488.893.999.4
OPM %−72.0−72.0−69.075.079.090.035.090.090.091.094.099.0
D/E0.000.000.000.000.000.000.000.000.000.000.000.00
P/B———————————0.5

Growth

As of 27 Sep 2026
Compounded sales growth
10 years+43.0%
5 years+59.0%
3 years+13.0%
TTM+41.0%
Compounded profit growth
10 years+12.0%
5 years+104.0%
3 years+17.0%
TTM+44.0%
Stock price CAGR
10 years+25.0%
5 years+23.0%
3 years+20.0%
Last year−25.0%
Return on equity
10 years1.0%
5 years1.0%
3 years1.0%
Last year1.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 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%
FIIs5.06%5.06%4.71%4.86%5.05%4.52%3.73%3.93%4.42%4.90%6.33%6.18%
DIIs4.09%4.09%4.04%4.16%3.06%3.06%3.67%4.78%5.08%4.52%3.69%3.85%
Government0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.01%0.01%0.01%0.01%0.01%
Public39.85%39.85%40.25%39.98%40.89%41.42%41.60%40.29%39.47%39.56%38.96%38.96%
No. of shareholders11,37511,37512,29912,01713,72318,29122,91420,68120,71524,87823,91924,766
Change since Jun 2023 (pp)
Promoters +0.00FIIs +1.12DIIs −0.24Public −0.89

Documents

As of 27 Sep 2026
Announcements
Communication Sent To Shareholders Regarding Tax Deduction At Source (TDS) On Interim Dividend And Updation Of Bank Account DetailsIntimation Under Regulation 42 Of The SEBI (LODR) Regulations, 2015 - Record DateBoard Meeting Outcome for Intimation Under Regulation 30 And Regulation 42 Of The SEBI Listing Regulations, 2015Announcement under Regulation 30 (LODR)-Dividend UpdatesBoard Meeting Intimation for Considering Declaration Of Interim Dividend For FY2027
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022

Corporate actions

As of 21 Sep 2026
21 Sep 2026DIVIDENDIntdividend - Rs 160 Per Share—
30 Jun 2026DIVIDENDDividend - Rs 60 Per Share—
22 Sep 2025DIVIDENDInterim Dividend - Rs 160 Per Share—
27 Jun 2025DIVIDENDDividend - Rs 30 Per Share/ Special Dividend - Rs 30 Per Share—
25 Sep 2024DIVIDENDInterim Dividend - Rs 110 Per Share—
28 Jun 2024DIVIDENDDividend - Rs 60 Per Share—
28 Sep 2023DIVIDENDInterim Dividend - Rs 110 Per Share—
30 Jun 2023DIVIDENDDividend - Rs 60 Per Share—
22 Sep 2022DIVIDENDInterim Dividend - Rs 100 Per Share—
30 Jun 2022DIVIDENDDividend - Rs 80 Per Share—
8 Jul 2021DIVIDEND Annual General Meeting/Dividend - Rs 50 Per Sh—
3 Mar 2020DIVIDEND Interim Dividend - Rs 50 Per Share—
11 Jul 2019DIVIDEND Annual General Meeting/ Dividend - Rs 33 Per Share—
5 Jul 2018DIVIDEND Annual General Meeting/Dividend- Rs 33 Per Share—
6 Jul 2017DIVIDEND Annual General Meeting/Dividend - Rs 30 Per Share—
22 Mar 2016DIVIDEND Interim Dividend - Rs 30/- Per Share (Purpose Revised)—
9 Jul 2015DIVIDENDAnnual General Meeting And Dividend Rs.30/- Per Share—
3 Jul 2014DIVIDENDAnnual General Meeting/Dividend Rs.25/- Per Share—
4 Jul 2013DIVIDENDAnnual General Meeting/Dividend Rs.20/- Per Share—
5 Jul 2012DIVIDENDAnnual General Meeting/Dividend Re 1 Per Share—
29 Jun 2011DIVIDENDAnnual General Meeting And Dividend Rs.9/- Per Share—
29 Jun 2010DIVIDENDAnnual General Meeting / Dividend Rs 5.5 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman