Maha Rashtra Apex Corporation Ltd Live Price Chart
Low: ₹91High: 98.8
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Maha Rashtra Apex Corporation Ltd Technicals
Current Price
₹ 96.892.61 (2.77%)
EMASMA
20 Day
₹ 95.528
50 Day
₹ 96.557
100 Day
₹ 98.666
200 Day
₹ 105.574
20 Day
₹ 95.200
50 Day
₹ 96.078
100 Day
₹ 96.823
200 Day
₹ 104.491
Maha Rashtra Apex Corporation Ltd Performance
Previous Close
₹ 94.28
High
₹ 98.8
Volume
14013
52W Range
₹ - ₹
Open
₹ 94
Low
₹ 91
Market Cap
₹ 120 Cr
Maha Rashtra Apex Corporation Ltd Fundamentals
ROCE
1.425
P/E Ratio
10.690
P/B Ratio
0.310
Industry P/E
0.310
Debt to Equity
25.440
ROE
1.395
EPS
9.120
Dividend Yield
0.000
Book Value
312.845
Face Value
10.000
Maha Rashtra Apex Corporation Ltd Financials
Particulars
Y202503
Y202403
Y202303
Y202203
Y202103
Total Revenue
6.613
8.6205
6.8253
5.8859
6.4647
Total Expenses
1.8139
1.8001
2.6563
1.4875
1.2389
Profit After Tax
11.6914
7.6935
5.2607
5.2264
7.9427
Maha Rashtra Apex Corporation Ltd Shareholding Pattern
Promoter Holdings
62.540 %
FIIs
0.000 %
DIIs
0.006 %
MutualFund
0.000 %
Retail
32.924 %
Others -
4.530 %
About Maha Rashtra Apex Corporation Ltd
History of Maha Rashtra Apex Corporation Ltd
Maha Rashtra Apex Corporation Limited (MACL) was incorporated as a banking company in April, 1943 in the name of Maharashtra Apex Bank Limited. It changed the name to 'Maha Rashtra Apex Corporation Limited', in 1955, following the transfer of its banking branches to Canara Industrial and Banking Syndicate. The Company was converted into a hire-purchase company and was promoted by the late Upendra Anantha Pai. Presently, the Company discontinued the operation and concentrated on recovery of Hire Purchase and Leasing Business.
The company came out with a rights issue of 42.55 shares -- at a premium of Rs 5/- with detachable warrants, to consolidate its capital base and further augment its long-term resources and to broadbase and expand public holdings.
The main activities of the company are lease and hire purchase, automobile financing, bill discounting, corporate finance, etc. The company plans to diversify into merchant banking, OTCEI dealership, stock exchange membership, money changing business, mutual funds, etc. With respect to diversification and expansion, MACL has promoted Manipal Home Finance for housing finance, Manipal Share and Stock Brokers and Manipal Motors. It is also diversifying into telecom and cellular telephone services. In 1971, a company called General Investments Trusts was amalgamated with the company.
In 1995-96, the company issued 32,14,260 warrants to the promoters of the company on preferential basis. These warrants were converted into ... equity shares and allotted in Nov.'95. Its subsidiary Karnataka Consumer Products changed its name to Kurlon, during the year.
During the year 1999-2000, the company diversified its activities and taking up the retail sale of almost all top mutual funds and has a strong network of around 100 branches. The company also took-up the agency of Western Union, a reputed US Company which specialises in offering quick and efficient Money Transfer Service from abroad. It has tied-up with M/s Citicorp Finance (India) Ltd for doing business in Light and Heavy Commercial Vehicles and also with leading Amercian NBFC 'Associates' to canvass business for them on commission basis.
With a move to diversify the company had taken up the Marketing of Mutual Funds of reputed brands and also ventured into retail marketing of gold coins.
During year 2004-05, the Company started repaying the Deposits and Bonds through the Scheme of Arrangement. Accordingly repayment of 1st installment of (15% of the face value) was already made along with the Deposits/Bonds having the face value of Rs.5000/-'and less as directed by the High Court. Besides, the repayment of 4th installment (quarterly payment 5% of face value ) of Deposit/ Bonds having monthly/quarterly interest option has also been carried out as envisaged in the Scheme.
In terms of Scheme of arrangement sanctioned by the Hon'ble High Court of Karnataka, the Company repaid Deposits/ Bonds aggregating to Rs.64.15 Crores. In addition to the above, the Company has paid public deposits amounting to Rs. 11.51 Crores out of Rs. 12.59 Crores to investors having investment of Rs.5,000/- or less as per the directions of the High Court during 2006-07.
During the year 2008-09, the collection of dues under HP/Lease/Loan/Bills etc was to the tune of Rs.494.14 lacs. In terms of Scheme of arrangement sanctioned by the Hon'ble High Court of Karnataka, the Company completed payment of three instalments during 2015-16. It completed the fourth instalments in 2018-19.
FAQs on Maha Rashtra Apex Corporation Ltd
1. Can I buy Maha Rashtra Apex Corporation Ltd from PL Capital? ›
Yes, you can invest in Maha Rashtra Apex Corporation Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Maha Rashtra Apex Corporation Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Maha Rashtra Apex Corporation Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Maha Rashtra Apex Corporation Ltd pay dividends? ›
Maha Rashtra Apex Corporation Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Maha Rashtra Apex Corporation Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Maha Rashtra Apex Corporation Ltd. is ₹ 96.89 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Maha Rashtra Apex Corporation Ltd ? ›
The 52-week high and low of Maha Rashtra Apex Corporation Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
