Maha Rashtra Apx Share Price & Earnings Call Analysis

Financials of Maha Rashtra Apx

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Maha Rashtra Apx

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +0.570.480.730.636.880.530.480.050.300.050.061.970.06
Expenses +3.000.930.8790.811.251.029.2813.010.450.4731.060.565.04
Operating Profit-2.43-0.45-0.14-90.185.63-0.49-8.80-12.96-0.15-0.42-31.001.41-4.98
OPM %-426.32%-93.75%-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%
Other Income +2.520.843.030.50413.840.790.846.3126.5624.300.323.830.43
Interest-0.00-0.00-0.000.01-0.000.010.01-0.00-0.02-0.00-0.00-0.00-0.00
Depreciation0.010.010.010.010.010.010.010.010.010.010.010.010.01
Profit before tax0.080.382.88-89.70419.460.28-7.98-6.6626.4223.87-30.695.23-4.56
Tax %-225.00%-0.00%15.62%-0.00%0.25%-0.00%-0.13%2.10%15.22%-0.00%-0.00%6.12%8.77%
Net Profit +0.250.382.42-89.70418.390.28-7.97-6.8022.4023.86-30.694.91-4.96
EPS in Rs0.090.130.86-31.81148.370.10-2.83-2.417.948.46-10.881.74-1.76

Financials of Maha Rashtra Apx

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +2.031.318.7510.049.495.418.387.958.649.467.502.14
Expenses +5.122.584.124.895.196.513.158.5551.8850.902.8111.49
Operating Profit-3.09-1.274.635.154.30-1.105.23-0.60-43.24-41.444.69-9.35
OPM %-152.22%-96.95%52.91%51.29%45.31%-20.33%62.41%-7.55%-500.46%-438.05%62.53%-436.92%
Other Income +6.093.432.920.956.8115.2326.972.581.522.56335.213.25
Interest2.782.151.591.431.080.390.030.02-0.000.02-0.00-0.00
Depreciation0.030.060.030.030.050.030.030.040.040.040.040.05
Profit before tax0.19-0.055.934.649.9813.7132.141.92-41.76-38.94339.86-6.15
Tax %57.89%60.00%1.35%16.59%-0.30%0.07%-4.92%30.21%0.26%3.90%1.22%11.71%
Net Profit +0.07-0.0829.0653.9510.0213.7033.721.34-41.88-40.46335.72-6.87
EPS in Rs0.02-0.0310.2719.133.554.8611.960.48-14.85-14.35119.05-2.44
Dividend Payout %-0.00%-0.00%-0.00%-0.00%-0.00%-0.00%-0.00%-0.00%-0.00%-0.00%-0.00%-0.00%

Financials of Maha Rashtra Apx

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital14.1114.1114.1114.1214.1214.1214.1214.1214.1214.1214.1214.12
Reserves-86.63-86.7522.9876.8387.29101.01134.77136.2798.83431.82451.72444.80
Borrowings +9.520.485.945.625.935.930.320.320.390.500.32-0.00
Other Liabilities +142.98132.02109.01104.57103.19107.12111.39109.8895.6887.3676.9677.20
Total Liabilities79.9859.86152.04201.14210.53228.18260.60260.59209.02533.80543.12536.12
Fixed Assets +6.926.863.033.012.902.952.922.882.852.773.633.64
CWIP-0.00-0.00-0.00-0.00-0.00-0.00-0.00-0.00-0.00-0.00-0.00-0.00
Investments18.8118.90139.19190.46196.09209.31238.20235.59187.92504.34512.61503.47
Other Assets +54.2534.109.827.6711.5415.9219.4822.1218.2526.6926.8829.01
Total Assets79.9859.86152.04201.14210.53228.18260.60260.59209.02533.80543.12536.12

Financials of Maha Rashtra Apx

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +15.13-1.23-0.040.13-2.204.670.87-2.27-7.69-8.86-4.30-1.58
Cash from Investing Activity +0.920.58-0.28-0.216.25-0.10-0.010.565.256.291.231.49
Cash from Financing Activity +-10.23-11.06-0.13-1.36-0.96-5.620.571.210.740.105.51-0.00
Net Cash Flow5.82-11.70-0.45-1.453.10-1.041.43-0.50-1.70-2.472.44-0.09
Free Cash Flow15.14-1.230.690.10-2.204.570.86-2.29-7.70-8.82-5.20-1.64
CFO/OP-492%94%1%6%-45%-444%39%375%17%21%-92%21%

Financials of Maha Rashtra Apx

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days1,452.811,512.9415.4316.3626.5418.227.849.185.498.10-0.001.71
Inventory Days
Days Payable
Cash Conversion Cycle1,452.811,512.9415.4316.3626.5418.227.849.185.498.10-0.001.71
Working Capital Days-21,342.61-27,216.18-4,729.98-3,952.11-4,142.31-7,175.86-4,514.59-4,570.53-3,674.92-2,747.15-2,865.49-4,004.77
ROCE %7.55%4.44%11.78%22.77%-0.35%-32.71%-14.80%72.01%-1.47%

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