Maha Rashtra Apex Corporation Ltd

BSE: MAHAPEXLTD523384ISIN INE843B01013

Financial Services
Other Financial Services

Share price

₹49.40+2.59 (+5.53%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded. Earlier history is omitted pending corporate-action verification.

52W high: —
52W low: —
Off 52W high: —
1M return: -0.30%
3M return: +7.63%
6M return: -7.26%
1Y return: —
20D avg volume: 417
50 DMA: ₹52.39
200 DMA: —

Key ratios Consolidated

Market cap: ₹139.23 Cr
Current price: ₹49.40
52W high / low: — / —
Face value: ₹10.00
P/E: -4.70
P/B: —
EPS (TTM): ₹-10.52
Book value / share: —
ROE: —
ROCE: 0.60%
Operating margin: —
Net margin: —
Debt / equity: 0.00
Net debt: ₹0.00 Cr
Interest cover: —
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 1.7 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	0.06	0.06	1.97	0.06	0.05	0.30	0.05	0.48	0.53	—
	1.52	0.33	0.46	0.27	1.54	0.24	6.01	0.17	0.13	—
	1.58	0.39	2.43	0.33	1.59	0.54	6.06	0.65	0.67	—
	0.53	0.56	0.57	0.52	0.49	0.44	0.41	0.95	1.04	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	0.15	0.23	0.27	0.14	0.19	0.03	0.20	0.55	0.68	—
	0.00	0.00	0.00	0.00	0.00	-0.02	0.00	0.01	0.01	—
	0.02	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	—
	0.37	0.32	0.29	0.37	0.28	0.41	0.21	0.39	0.35	—
	1.05	-0.17	1.86	-0.19	1.10	0.10	5.64	-0.30	-0.38	—
	0.16	0.10	0.20	0.05	0.29	9.87	0.30	0.66	0.23	—
	1.20	-0.07	2.07	-0.14	1.39	9.97	5.95	0.36	-0.15	—
	0.12	0.40	0.32	0.00	0.00	4.02	0.14	0.01	0.00	—
	1.08	-4.96	4.91	-30.69	23.86	22.40	-6.80	-7.97	12.03	—
	1.23	-3.52	3.48	0.81	16.93	15.90	-4.83	-5.65	8.53	—
Key metrics
	1.22	-0.06	2.08	-0.13	1.40	9.96	5.96	0.38	-0.13	—
	2,033.30%	-100.00%	105.60%	-216.70%	2,800.00%	3,320.00%	11,920.00%	79.20%	-24.50%	—
	1,800.00%	-8,266.70%	249.20%	-51,150.00%	47,720.00%	7,466.70%	-13,600.00%	-1,660.40%	2,269.80%	—
	—	0.00%	—	0.00%	—	1.80%	—	—	—	—
	20.00%	-80.00%	3,840.00%	-87.50%	-90.60%	—	—	—	—	—
	-95.50%	-122.10%	172.20%	-285.10%	98.30%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	2.15	2.14	1.36	—
	2.58	2.60	6.55	—
	4.73	4.74	7.91	—
	2.18	2.14	2.85	—
	0.00	0.00	0.00	—
	0.00	0.00	0.00	—
	0.79	0.84	1.46	—
	0.00	0.00	0.00	—
	0.05	0.05	0.04	—
	1.35	1.25	1.35	—
	2.55	2.60	5.06	—
	0.51	0.65	11.07	—
	3.06	3.25	16.13	—
	0.84	0.72	4.15	—
	-29.66	-6.87	19.66	—
	2.00	-4.87	13.95	—
Key metrics
	3.11	3.30	16.17	—
	144.65%	154.20%	1,189.00%	—
	-1,379.53%	-321.00%	1,445.60%	—
	—	0.60%	3.00%	—
	144.32%	57.40%	—	—
	-194.19%	-134.90%	—	—
	—	-1.64	-5.20	—
	—	0.23	-0.22	—
	—	0.00	0.00	—
	—	0.00	-3.22	—
	—	1.7	0.0	—
Balance sheet
	—	536.12	543.12	—
	—	23.50	20.96	—
	—	0.00	3.22	—
	—	0.01	0.00	—
	—	0.00	0.00	—
	—	—	0.00	—
	—	0.13	0.09	—
	—	0.00	0.00	—
	—	0.00	0.03	—
	—	0.00	0.00	—
	—	0.00	0.00	—
	—	0.00	0.00	—
	—	458.93	465.85	—
Cash flow
	—	-1.58	-4.30	—
	—	1.49	6.92	—
	—	0.00	-0.18	—
	—	0.06	0.90	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	0.06	0.06	1.97	0.06	0.05	0.30	0.05	0.05	0.04	—
	1.42	0.24	0.35	0.19	1.44	0.16	5.82	0.11	0.09	—
	1.48	0.30	2.33	0.25	1.49	0.46	5.87	0.16	0.13	—
	0.44	0.43	0.40	0.45	0.41	0.58	0.32	0.44	0.47	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	0.15	0.23	0.20	0.13	0.19	0.27	0.17	0.15	0.19	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	0.02	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	—
	0.28	0.19	0.19	0.30	0.21	0.30	0.14	0.28	0.27	—
	1.04	-0.13	1.92	-0.20	1.08	-0.12	5.54	-0.28	-0.34	—
	0.13	0.09	0.20	0.05	0.29	10.07	0.30	0.40	0.23	—
	1.16	-0.05	2.12	-0.15	1.37	9.95	5.85	0.12	-0.11	—
	0.12	0.51	0.32	0.00	0.00	3.98	0.14	—	—	—
	1.04	-0.56	1.80	-0.15	1.37	5.97	5.71	0.12	-0.11	—
	0.37	-0.40	1.28	-0.10	0.97	4.24	4.05	0.87	-0.08	—
Key metrics
	1.18	-0.04	2.13	-0.14	1.38	9.96	5.86	0.13	-0.10	—
	1,966.70%	-66.70%	108.10%	-233.30%	2,760.00%	3,320.00%	11,720.00%	260.00%	-250.00%	—
	1,733.30%	-933.30%	91.40%	-250.00%	2,740.00%	1,990.00%	11,420.00%	240.00%	-275.00%	—
	—	0.00%	—	0.00%	—	2.10%	—	—	—	—
	20.00%	-80.00%	3,840.00%	20.00%	25.00%	—	—	—	—	—
	-24.10%	-109.40%	-68.50%	-225.00%	1,345.50%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	2.15	2.14	0.44	—
	2.20	2.23	6.17	—
	4.36	4.37	6.61	—
	1.72	1.69	1.81	—
	0.00	0.00	0.00	—
	0.00	0.00	0.00	—
	0.71	0.75	0.78	—
	0.00	0.00	0.00	—
	0.05	0.05	0.04	—
	0.96	0.89	1.00	—
	2.63	2.68	4.80	—
	0.47	0.63	11.01	—
	3.08	3.30	15.81	—
	0.95	0.83	4.12	—
	2.13	2.47	11.69	—
	1.15	1.93	8.30	—
Key metrics
	3.13	3.35	15.85	—
	145.58%	156.50%	3,602.30%	—
	99.07%	115.40%	2,656.80%	—
	—	0.60%	3.30%	—
	377.78%	386.40%	—	—
	-83.83%	-78.90%	—	—
	—	-12.69	-0.78	—
	—	-5.11	0.01	—
	—	0.00	0.00	—
	—	0.00	-0.22	—
	—	0.0	0.0	—
Balance sheet
	—	519.56	528.22	—
	—	20.55	17.94	—
	—	0.00	0.22	—
	—	0.00	0.00	—
	—	0.00	0.00	—
	—	—	0.00	—
	—	0.13	0.09	—
	—	0.00	0.00	—
	—	0.00	45.14	—
	—	0.00	0.00	—
	—	0.00	0.00	—
	—	0.00	0.00	—
	—	441.49	450.08	—
Cash flow
	—	-12.63	0.12	—
	—	12.55	-0.09	—
	—	0.00	0.00	—
	—	0.06	0.90	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +377.78%
Profit YoY (TTM): -83.83%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): +144.32%
Profit YoY (TTM): -194.19%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 71.57%

Quarter	September 2026	30 Jun 2026	June 2026
Promoter %	71.57%	71.57%	71.57%

Holder	Type	Holding	Previous	Change
MANIPAL HOLDINGS PRIVATE LIMITED	Promoter Group	20.38%	20.38%	0.00%
METROPOLIS BUILDERS PVT LTD	Promoter Group	15.48%	15.48%	0.00%
JAYA S PAI	Promoter	13.33%	13.33%	0.00%
CHITRAKALA INVESTMENT TRADE & BUSINESS FINANCE LIMITED	Promoter Group	7.42%	7.42%	0.00%
TONSE SUDHAKAR PAI	Promoter	5.99%	5.99%	0.00%
MANGALA INVESTMENTS LIMITED	Promoter Group	5.49%	5.49%	0.00%
SHEELA PAI	Promoter	2.01%	2.01%	0.00%
GOKULDAS HEGDE	Public	1.37%	1.37%	0.00%
MANIPAL HOME FINANCE LIMITED	Promoter Group	1.16%	1.16%	0.00%
KAILASHBEN ASHOKKUMAR PATEL	Public	1.02%	1.02%	0.00%
GENERAL INVESTMENT AND COMMERCIAL CORPORATIONLTD	Promoter Group	0.31%	0.31%	0.00%
VARADA S PRABHU	Promoter	0.00%	0.00%	0.00%
EFFICIENT MANAGEMENT SERVICES PRIVATE LIMITED	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
CRISIL Ltd.	32,521	4,447.00	36.31	—	+23.83% TTM	+19.56% TTM	-6.93%
RRP SEMICONDUCTOR LIMITED S	10,960	8,044.35	-1,406.35	-48.10%	-125.76% TTM	-220.15% TTM	-2.51%
OnEMI Technology Solutions Limited	5,619	315.45	—	—	—	—	—
ASSET RECONSTRUCTION COMPANY (INDIA) LIMITED	4,035	124.20	11.47 FY26	—	+24.05% FY26	+4.35% FY26	—
COLAB PLATFORMS LIMITED S	2,497	122.40	510.00	22.30%	+99.71% TTM	+34.16% TTM	-35.27%
GYFTR LIMITED S	1,406	183.00	81.09	5.40%	+1,951.89% TTM	+822.34% TTM	-8.70%
Prime Securities Ltd.	1,012	298.00	217.27	—	+14.40% TTM	-87.30% TTM	-1.86%
Centrum Capital Limited	908	18.66	-4.12	14.70%	+0.53% TTM	-141.77% TTM	-43.37%
Wealth First Portfolio Managers Limited	872	818.00	31.61	30.30%	—	—	-26.90%
REGENCY FINCORP LIMITED S	546	63.45	24.54	—	+137.19% TTM	+127.43% TTM	+62.69%
STELLANT SECURITIES (INDIA) LIMITED	521	916.45	—	—	+41.67% TTM	—	+211.45%
THE INVESTMENT TRUST OF INDIA LIMITED	465	89.00	12.60	8.80%	-22.27% TTM	-14.67% TTM	-36.61%
NDL Ventures Limited S	379	112.65	489.78	2.00%	-100.00% TTM	+13.64% TTM	+26.89%
Corporate Merchant Bankers Limited S	304	47.97	228.43	2.20%	-68.94% TTM	-160.85% TTM	-84.12%
GAMCO LIMITED	232	43.00	-7.87	—	—	—	+3.54%
Kartik Investments Trust Ltd. S	195	8,001.00	37.21	67.20%	+9,666.67% TTM	+26,350.00% TTM	—
Jhaveri Credits & Capital Ltd. S	192	173.30	237.82	1.60%	+153.42% TTM	-67.74% TTM	-11.29%
Alacrity Securities Limited S	185	39.68	56.69	10.30%	-5.63% TTM	-71.54% TTM	-32.11%
Shree Salasar Investment Ltd.	181	259.50	8.35	20.10%	+108.98% TTM	+386.52% TTM	+847.08%
LEXORA GLOBAL LIMITED	159	159.40	553.47	3.40%	—	—	-19.37%
Available Finance Ltd.	145	141.85	0.98	—	+7.02% TTM	+38.45% TTM	-8.95%
Maha Rashtra Apex Corporation Ltd	139	49.40	-4.70	0.60%	+144.32% TTM	-194.19% TTM	—
Paul Merchants Ltd.	139	449.50	-14.13	2.20%	-29.47% TTM	-102.91% TTM	-31.74%
DELPHI WORLD MONEY LIMITED S	136	5.55	24.13	3.30%	-18.21% TTM	+620.51% TTM	-59.00%
Reliable Data Services Limited	127	123.05	13.97	13.10%	+37.18% TTM	-17.59% TTM	-9.52%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Attached herewith Monitoring Agency Report for the quarter ended 30th September, 2026.22 Oct 2026 · Company Update / Monitoring Agency Report
Attached Certificate under Regulation 74(5) of SEBI (DP) Regulations,2018 for the quarter ended 30th September, 2026.5 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Attached intimation of closure of Trading Window.22 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
NSE and BSE vide their letter dated 10th September 2026 approved reclassification of Mr. T Satish U Pai from promoter to public category15 Sep 2026 · Company Update / General
Proceedings of 82nd Annual General Meeting held on 24th August 2026 at 11:00 AM and concluded at 11:30 AM24 Aug 2026 · AGM/EGM / AGM
Monitoring Agency Report for Quarter ended June 2026 with regards to Rights Issue14 Aug 2026 · Company Update / Monitoring Agency Report
Announcement for venturing into new business activity13 Aug 2026 · Company Update / General
Un-audited Results for Quarter ended June 202613 Aug 2026 · Result / Financial Results
Maha Rashtra Apex Corporation Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/08/2026 ,inter alia, to consider and approve Attached herewith ....7 Aug 2026 · Board Meeting / Board Meeting
Attached herewith 82nd Annual General Meeting Notice and Annual Report for the year ended 31st March, 2026.1 Aug 2026 · Others / Reg. 34 (1) Annual Report
Outcome of Board Meeting held on 24th July 202624 Jul 2026 · Others / Outcome without intimation
We refer to Outcome of Board Meeting Dated 08th June 2026 wherein due to inadvertent typhographical error date of Board Meeting in the body of letter was mentioned as 08th August 2026. ....9 Jul 2026 · Company Update / General
Attached Compliance Certificate under Regulation 74 (5) of SEBI (DP) Regulations, 2018 for the quarter ended 30th June,2026.3 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Attached intimation letter of closure of trading window.23 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Application submited to the Stock exchange on 11th June 2026 for reclassification of Promoter T Satish U Pai from Promoter to Public category shareholder.11 Jun 2026 · Company Update / General
Approval of Reclassifiation request from Promoter to Public category pursuant to Regulation 30 and Regulation 31 of SEBI (LODR) Regulation ,2015.8 Jun 2026 · Company Update / General
Pursuant to the provisions of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), Regulations 2015, the Board of Directors of the Company at its meeting held on ....8 Jun 2026 · Others / Outcome without intimation
Annual Secretarial Compliance for the Financial Year 2025-2629 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Please find enclosed changes in Directors pursuant to Board Meeting held on May 26th , 202626 May 2026 · Company Update / Change in Management
Outcome of Board Meeting held on 26th May 2026 approving financial results of March 31st, 2026 and other matter26 May 2026 · Board Meeting / Outcome of Board Meeting
Attachment extracts of Newspaper publication of trading approval received from Stock Exchanges.18 May 2026 · Company Update / Newspaper Publication
Maha Rashtra Apex Corporation Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/05/2026 ,inter alia, to consider and approve A Meeting of ....18 May 2026 · Board Meeting / Board Meeting
Attached copies of corrigendum for Advertisement dated 8th May, 202612 May 2026 · Company Update / General
Copy of Newspaper publication for Basis of Allotment of Right shares9 May 2026 · Company Update / Newspaper Publication
Allotment of Equity Shares on Rights basis4 May 2026 · Company Update / General
Attached disclosure of Closure of Rights issue of the Company.30 Apr 2026 · Company Update / General
Attached letter received from Promoter to be Re-Classified under public category.10 Apr 2026 · Company Update / General
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. <table border=''1px''><tr> <td>Sr. No.</td> <td>Particulars</td> <td>Details</td> ....10 Apr 2026 · Others / Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Attached herewith Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31st March, 2026.2 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Attached herewith Letter of Offer dated 11th March, 2026 for the Right issue of the Company.30 Mar 2026 · Corp. Action / Bonds / Right issue
Attached herewith Newspaper Publication of the advertisement published on 29th March, 2026 in compliance with Regulation 84 SEBI ICDR Regulations towards Right Issue of the Company.30 Mar 2026 · Company Update / Newspaper Publication
Attached Intimation of Closure of Trading Window.24 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation of International Securities Identification Number ("ISIN) for the rights entitlements to be credited for the purpose of Rights issue of the Company.13 Mar 2026 · Company Update / General
The Board at its Meeting held on March 11, 2026 has approved record date as on March 20,2026, Issue Price at Rs.10 at par and other terms given in letter attached.11 Mar 2026 · Corp. Action / Bonds / Right issue
Further to in-principal approval received from NSE & BSE vide their letter Dates March 05, 2026 and March 04, 2026 respcetively the Board at its Meeting held today i.e. March 11th, 2026 ....11 Mar 2026 · Corp. Action / Record Date
Further to the in-principal approval received from National Stock Exchange of India Limited and BSE limited vide their letter dated March 05, 2026 and March 04, 2026, respectively, we wish ....11 Mar 2026 · Board Meeting / Outcome of Board Meeting
Attached letter regarding Closure of Trading Window.7 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
Maha Rashtra Apex Corporation Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/03/2026 ,inter alia, to consider and approve Board Meeting ....7 Mar 2026 · Board Meeting / Board Meeting
Enclosed herewith in-principal approval received from Stock Exchange for right issue5 Mar 2026 · Company Update / Raising of Funds
Attached herewith Standalone and Consolidated Un-Audited Financial Results for the quarter ended 31st December, 2025 alongwith Limited Review Report of the Statutory Auditors.12 Feb 2026 · Result / Financial Results

Corporate actions

Purpose	Ex date	Record date	Payment date
Right Issue of Equity Shares	20 Mar 2026	20 Mar 2026	—

Board meetings

13 Aug 2026 Board Meeting - Financial Results