Arthneeti

Maharashtra Scooters Q2 FY27 Share Price & Earnings Call Analysis

₹12,118.00-0.51% today
Market cap
₹13,849 Cr
P/E
49.73
ROE
1.06%
PEG
2.97
Price to sales
47.94
Debt to equity
0.00
52W high / low
₹15,250 / ₹11,109
Sales growth (5Y)
59.38%
EBITDA margin
98.61%
Net profit margin
99.31%
Promoter holding
51.00%
Sales (last year)
₹289 Cr

Maharashtra Scooters Ltd. (MSL) is a manufacturing & and an unregistered core investment company. It is engaged in the business of manufacturing dies, Jigs, fixtures and die casting components primarily for the automobiles industry, etc. [1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Finance
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Maharashtra Scooters rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Finance companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹2,632 Cr69.0
240%+Up 2%+₹458 Cr23.7
340%+Up 0–2%₹877 Cr29.8
440%+Flat₹40,658 Cr37.4
540%+Flat₹16,070 Cr70.5
640%+Flat₹13,546 Cr—

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Financials of Maharashtra Scooters

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

Shareholder Pattern

Maharashtra Scooters

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +51.00%51.00%51.00%51.00%51.00%51.00%51.00%51.00%51.00%51.00%51.00%51.00%
FIIs +4.39%4.42%4.54%4.73%4.89%4.90%5.12%6.21%6.24%6.33%6.18%6.31%
DIIs +5.10%5.08%5.36%5.34%5.27%4.52%4.26%3.85%3.87%3.69%3.85%3.82%
Government +0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%0.01%
Public +39.50%39.47%39.08%38.94%38.84%39.56%39.60%38.92%38.86%38.96%38.96%38.86%
No. of Shareholders20,07320,71521,19521,96425,85124,87825,08925,17224,91923,91924,76625,060

Financials of Maharashtra Scooters

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +2066581636729271665297
Expenses +6546222111111
Operating Profit2001121614528270655296
OPM %97%19%13%26%99%71%71%96%100%86%83%84%100%
Other Income +010-130158000000
Interest0000000000000
Depreciation1111000000000
Profit before tax20010-1216146228270655296
Tax %1%29%41%-170%6%23%17%-25%1%26%27%27%1%
Net Profit +19810815135235267443293
EPS in Rs173.010.870.097.23132.262.8945.1830.94233.693.603.512.90256.61

Financials of Maharashtra Scooters

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +798829521130194217223184313315
Expenses +121514202020202023191244
Operating Profit-5-6-6617519111174194203173309311
OPM %-72%-72%-69%75%79%90%35%90%90%91%94%99%99%
Other Income +631082111300114400
Interest0000000000000
Depreciation3111222222200
Profit before tax551011461741929172193202215309311
Tax %0%0%9%1%2%6%3%17%-1%1%0%-1%
Net Profit +551011361731809143195199214311305
EPS in Rs47.9188.3711.4453.1663.70157.457.71124.87170.88174.40187.56271.74266.62
Dividend Payout %63%34%262%62%52%32%649%64%94%97%75%81%

Financials of Maharashtra Scooters

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital11111111111111111111111111
Reserves2413016,5418,21411,3128,19916,23222,84219,03127,00530,85127,62332,400
Borrowings +0000000000000
Other Liabilities +66252018391141,0361,8461,3552,3773,7253,1564,129
Total Liabilities3183376,5728,24311,7148,22517,28024,69920,39829,39434,58830,79136,541
Fixed Assets +47713151514131210000
CWIP0000000000000
Investments2712806,5118,19611,6808,08017,18924,65420,36429,36234,56330,75936,308
Other Assets +4350543420130763322222432233
Total Assets3183376,5728,24311,7148,22517,28024,69920,39829,39434,58830,79136,541

Financials of Maharashtra Scooters

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 +-10-8-3311-7-6119209206159267
Cash from Investing Activity +4181354045195-68-62-3-1236-19
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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit180%104%530%3%5%-2%-44%86%119%106%100%92%

Financials of Maharashtra Scooters

Ratios

Working capital efficiency and return ratios

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%
22out of 100

Momentum score · price trend

22 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−19.4%37%
Last 6 months−1.5%52%
Last 3 months−12.6%38%

The price is 32.4% below its all-time high of ₹18,019.3 (12 Sept 2025). Stocks more than 20% below their peak have their score halved, so 43 became 22.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Maharashtra Scooters: 0.4 × 37 + 0.4 × 52 + 0.2 × 38 = 43, halved to 22 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Maharashtra Scooters's management said in earlier quarters

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