Income Statement Maha Rashtra Apex Corporation Limited

Stocks

MAHAPEXLTD

INE843B01013

Consumer Lending

Market Closed - Bombay S.E. Other stock markets 03:30:57 25/06/2026 pm IST			5-day change	1st Jan Change
48.40 ^INR	+1.66%		+0.58%	-54.06%

27/05	Maha Rashtra Apex Corporation Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2026	CI
26/05	Maha Rashtra Apex Corporation Limited Announces Management Changes, Effective May 26, 2026	CI

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Published financial data: MAHA RASHTRA APEX CORPORATION LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Interest and Dividend Income, Total	-	-	-	-	-
Interest Expense, Total	3L	2L	27T	1L	2T
Net Interest Income	-3L	-2L	-27T	-1L	-2T
Gain (Loss) on Sale of Investments, Total (Rev)	-	-	-	-	-
Other Revenues, Total	8.4Cr	8.04Cr	8.7Cr	9.48Cr	7.52Cr
Revenues Before Provison For Loan Losses	8.37Cr	8.02Cr	8.7Cr	9.47Cr	7.52Cr
Total Revenues	8.37Cr	8.02Cr	8.7Cr	9.47Cr	7.52Cr
Salaries And Other Employee Benefits	2.31Cr	2.66Cr	2.36Cr	2.35Cr	1.46Cr
Cost of Services Provided, Total	31.59L	30.37L	36.1L	36.88L	25.88L
Depreciation & Amortization - (IS) - (Collected)	3L	4L	4L	4L	4L
Provision for Bad Debts	-	-	-	-	-
Other Operating Expenses	32.19L	55.77L	1.72Cr	98.31L	70.65L
Total Operating Expenses	2.98Cr	3.55Cr	4.48Cr	3.75Cr	2.46Cr
Operating Income	5.39Cr	4.47Cr	4.22Cr	5.72Cr	5.06Cr
Income (Loss) on Equity Invest.	26Cr	-3.78Cr	-47Cr	338.64Cr	323.74Cr
Other Non Operating Income (Expenses)	-	1T	-	-	-
EBT, Excl. Unusual Items	31Cr	68.89L	-43Cr	344.37Cr	328.8Cr
Gain (Loss) on Sale of Investments	-	-	-15.28L	-	-
Gain (Loss) on Sale of Assets	11T	7T	-16T	1.16Cr	11T
Asset Writedown	-4T	-	-2T	-	-
Other Unusual Items	1.23Cr	1.24Cr	1.2Cr	2.4Cr	11Cr
EBT, Incl. Unusual Items	32Cr	1.93Cr	-42Cr	347.92Cr	339.87Cr
Income Tax Expense	-1.58Cr	58.44L	11.35L	1.52Cr	4.15Cr
Earnings From Continuing Operations	34Cr	1.34Cr	-42Cr	346.41Cr	335.72Cr
Net Income to Company	34Cr	1.34Cr	-42Cr	346.41Cr	335.72Cr
Net Income - (IS)	34Cr	1.34Cr	-42Cr	346.41Cr	335.72Cr
Net Income to Common Incl Extra Items	34Cr	1.34Cr	-42Cr	346.41Cr	335.72Cr
Net Income to Common Excl. Extra Items	34Cr	1.34Cr	-42Cr	346.41Cr	335.72Cr
Per Share Items
Net EPS - Basic	23.93	0.95	-29.72	245.82	238.24
Basic EPS - Continuing Operations	23.93	0.95	-29.72	245.82	238.24
Basic Weighted Average Shares Outstanding	1.41Cr	1.41Cr	1.41Cr	1.41Cr	1.41Cr
Net EPS - Diluted	23.93	0.95	-29.72	245.82	238.24
Diluted EPS - Continuing Operations	23.93	0.95	-29.72	245.82	238.24
Diluted Weighted Average Shares Outstanding	1.41Cr	1.41Cr	1.41Cr	1.41Cr	1.41Cr
Normalized Basic EPS	13.71	0.31	-18.98	152.73	145.83
Normalized Diluted EPS	13.71	0.31	-18.98	152.73	145.83
Supplemental Items
Total Revenues (As Reported)	8.6Cr	8.27Cr	8.97Cr	11Cr	7.91Cr
Effective Tax Rate - (Ratio)	-4.92	30.34	-0.27	0.44	1.22
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	32.62L	51.72L	10.52L	1.52Cr	4.16Cr
Total Deferred Taxes	1T	-	-	-	-
Normalized Net Income	19Cr	43.06L	-27Cr	215.23Cr	205.5Cr
Non-Cash Pension Expense	18T	16T	5T	14T	-37T

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	5.45Cr	4.95Cr	3.25Cr	77.77L	3.22Cr
Long-Term Investments - (FS Template)	235.99Cr	233.1Cr	185.59Cr	519.25Cr	512.61Cr
Trading Asset Securities, Total	2.21Cr	2.49Cr	2.33Cr	-	-
Loans and Lease Receivables - (FS Template)	-	-	-	-	-
Other Receivables	22.72L	19.73L	13.47L	21.01L	-
Gross Property Plant And Equipment	6.73Cr	6.24Cr	5.67Cr	5.68Cr	5.68Cr
Accumulated Depreciation	-6.58Cr	-6.11Cr	-5.55Cr	-5.58Cr	-5.59Cr
Net Property Plant And Equipment	15.24L	13.16L	11.83L	10.19L	9L
Goodwill	-	-	-	-	-
Other Intangibles, Total	15T	9T	4T	2T	1T
Other Current Assets, Total	7.51Cr	10Cr	8.54Cr	16Cr	18Cr
Other Long-Term Assets, Total	9.06Cr	8.9Cr	9.06Cr	12Cr	9.11Cr
Total Assets	260.59Cr	259.91Cr	209.03Cr	548.71Cr	543.12Cr
Liabilities
Interest Bearing Deposits	6.29Cr	6.27Cr	6.11Cr	6.1Cr	48.6L
Deposits	6.29Cr	6.27Cr	6.11Cr	6.1Cr	48.6L
Accounts Payable, Total	23.83L	32.45L	27.69L	28.51L	9L
Accrued Expenses, Total	62.8L	42.43L	44.88L	41.09L	23.7L
Short-Term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	30Cr	28Cr	19Cr	18Cr	18Cr
Long-Term Debt	-	-	8L	18.04L	-
Current Income Taxes Payable	-	-	-	-	-
Unearned Revenue, Current	13Cr	13Cr	13Cr	13Cr	13Cr
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	62Cr	61Cr	57Cr	50Cr	46Cr
Deferred Tax Liability Non-Current	-	1T	-	-	-
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	111.37Cr	109.19Cr	96Cr	88Cr	77Cr
Preferred Stock Redeemable	31.82L	31.82L	31.82L	31.82L	31.82L
Total Preferred Equity	31.82L	31.82L	31.82L	31.82L	31.82L
Common Stock, Total	14Cr	14Cr	14Cr	14Cr	14Cr
Additional Paid In Capital	9.98Cr	9.98Cr	9.98Cr	9.98Cr	9.98Cr
Retained Earnings	27Cr	28Cr	-14Cr	332.84Cr	384.39Cr
Comprehensive Income and Other	98Cr	98Cr	102.44Cr	103.93Cr	57Cr
Total Common Equity	148.89Cr	150.39Cr	112.95Cr	460.84Cr	465.84Cr
Minority Interest	1L	1L	1L	1L	1L
Total Equity	149.22Cr	150.72Cr	113.28Cr	461.17Cr	466.17Cr
Total Liabilities And Equity	260.59Cr	259.91Cr	209.03Cr	548.71Cr	543.12Cr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.41Cr	1.41Cr	1.41Cr	1.41Cr	1.41Cr
ECS Total Common Shares Outstanding	1.41Cr	1.41Cr	1.41Cr	1.41Cr	1.41Cr
Book Value / Share	105.66	106.72	80.15	327.03	330.57
Tangible Book Value	148.89Cr	150.39Cr	112.95Cr	460.84Cr	465.84Cr
Tangible Book Value Per Share	105.66	106.72	80.15	327.03	330.57
Total Debt	30Cr	28Cr	19Cr	18Cr	18Cr
Debt Equivalent of Unfunded Proj. Benefit Obligation	2L	3L	4L	-4L	-7L
Net Debt	22Cr	21Cr	14Cr	17Cr	14Cr
Equity Method Investments, Total	225.32Cr	221.54Cr	174.52Cr	513.16Cr	506.25Cr
Full Time Employees	20	20	19	19	19

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	34Cr	1.34Cr	-42Cr	346.41Cr	335.72Cr
Depreciation, Depletion & Amortization	3L	4L	4L	4L	4L
Total Depreciation, Depletion & Amortization	3L	4L	4L	4L	4L
Amortization of Deferred Charges, Total	4T	6T	5T	2T	-
(Gain) Loss On Sale of Asset - (CF)	-11T	-7T	-16T	-1.16Cr	11T
(Gain) Loss on Sale of Investments - (CF)	-	-1.13Cr	-	-	-
Total Asset Writedown	2L	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-26Cr	3.78Cr	22.78L	-338.64Cr	-7.67Cr
Change In Inventories	-	-	-	-	-
Change in Accounts Payable	-8L	8L	-5L	82T	-21.33L
Change in Other Net Operating Assets (Collected)	-2.86Cr	-3.54Cr	-12Cr	-18Cr	-11Cr
Other Operating Activities	-4.44Cr	-2.83Cr	46Cr	2.97Cr	-320.85Cr
Cash from Operations	86.52L	-2.27Cr	-7.69Cr	-8.86Cr	-4.3Cr
Capital Expenditure	-67T	-2L	-66T	-	-90.33L
Sale of Property, Plant, and Equipment	-	-	-	4L	64T
Sale (Purchase) of Real Estate Properties (Collected)	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-1T	-2T	-	6.02Cr	-
Other Investing Activities, Total	-	58.28L	5.26Cr	22.77L	2.12Cr
Cash from Investing	-68T	55.99L	5.25Cr	6.29Cr	1.23Cr
Long-Term Debt Issued, Total	-	-	8L	10.3L	-
Total Debt Issued	-	-	8L	10.3L	-
Long-Term Debt Repaid, Total	-	-	-	-	-18.04L
Total Debt Repaid	-	-	-	-	-18.04L
Other Financing Activities, Total	56.82L	1.21Cr	65.76L	6T	5.7Cr
Cash from Financing	56.82L	1.21Cr	73.5L	10.36L	5.51Cr
Miscellaneous Cash Flow Adjustments	-	-	-	-	1T
Net Change in Cash	1.43Cr	-49.95L	-1.7Cr	-2.47Cr	2.44Cr
Supplemental Items
Cash Interest Paid	-	-	-	-	-
Cash Income Tax Paid (Refund)	1.17Cr	2L	25.51L	6L	-95.74L
Net Debt Issued / Repaid	-	-	8L	10.3L	-18.04L

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	13.8	0.52	-17.86	91.43	62.35
Return On Equity %	25.48	0.89	-31.73	120.6	73.59
Return on Common Equity	25.54	0.9	-31.8	120.74	73.64
Margin Analysis
Gross Profit Margin %	98.31	98.39	98.12	98.93	98.46
SG&A Margin	29.69	35.29	29.34	27.68	21.27
Income From Continuing Operations Margin %	403.01	16.74	-481.22	3.66T	4.46T
Net Income Margin %	403.01	16.74	-481.22	3.66T	4.46T
Net Avail. For Common Margin %	403.01	16.74	-481.22	3.66T	4.46T
Normalized Net Income Margin	230.88	5.37	-307.42	2.27T	2.73T
Asset Turnover
Asset Turnover	0.03	0.03	0.04	0.02	0.01
Short Term Liquidity
Current Ratio	0.14	0.16	0.15	0.19	0.28
Quick Ratio	0.07	0.07	0.06	0.01	0.04
Operating Cash Flow to Current Liabilities	0.01	-0.02	-0.08	-0.1	-0.06
Long Term Solvency
Total Debt/Equity	19.98	18.68	17.21	3.9	3.78
Total Debt / Total Capital	16.65	15.74	14.68	3.75	3.64
LT Debt/Equity	-	-	0.07	0.04	-
Long-Term Debt / Total Capital	-	-	0.06	0.04	-
Total Liabilities / Total Assets	42.74	42.01	45.81	15.95	14.17
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	65.38	-4.16	8.53	8.81	-20.59
Gross Profit, 1 Yr. Growth %	71.86	-4.09	8.23	10.63	-20.96
Earnings From Cont. Operations, 1 Yr. Growth %	146.09	-96.02	-3.22T	-927.2	-929.74
Net Income, 1 Yr. Growth %	146.09	-96.02	-3.22T	-927.2	-929.74
Normalized Net Income, 1 Yr. Growth %	133.1	-97.77	-6.31T	-904.51	-896.09
Diluted EPS Before Extra, 1 Yr. Growth %	146.16	-96.03	-3.23T	-927.12	-929.74
Common Equity, 1 Yr. Growth %	29.32	1.01	-24.89	308.01	4.46
Total Assets, 1 Yr. Growth %	14.21	-0.26	-19.58	162.51	1.75
Tangible Book Value, 1 Yr. Growth %	29.32	1.01	-24.89	308.01	4.46
Cash From Operations, 1 Yr. Growth %	-81.49	-362.01	239.23	15.27	-51.48
Capital Expenditures, 1 Yr. Growth %	-93.06	238.81	-70.93	-	-2.22T
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-1.14	25.9	1.99	8.67	-7.04
Gross Profit, 2 Yr. CAGR %	-0.89	28.39	1.88	8.97	-6.49
Earnings From Cont. Operations, 2 Yr. CAGR %	83.4	-68.7	11.44	1.51T	183.14
Net Income, 2 Yr. CAGR %	83.4	-68.7	11.44	1.51T	183.14
Normalized Net Income, 2 Yr. CAGR %	191.48	-77.21	17.69	2.14T	177.15
Diluted EPS Before Extra, 2 Yr. CAGR %	83.4	-68.74	11.45	1.51T	183.13
Common Equity, 2 Yr. CAGR %	21.17	14.29	-12.9	75.05	103.08
Total Assets, 2 Yr. CAGR %	11.26	6.73	-10.44	45.3	61.19
Tangible Book Value, 2 Yr. CAGR %	21.17	14.29	-12.9	75.05	103.08
Cash From Operations, 2 Yr. CAGR %	-37.3	-30.36	198.12	97.74	-25.21
Capital Expenditures, 2 Yr. CAGR %	60.53	-51.52	-0.75	-	1.07T
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-0.67	-2.16	19.82	4.21	-2.12
Gross Profit, 3 Yr. CAGR %	-0.64	-1.97	21.28	4.43	-2.09
Earnings From Cont. Operations, 3 Yr. CAGR %	-14.5	-48.84	45.12	117.39	530.1
Net Income, 3 Yr. CAGR %	-14.5	-48.84	45.12	117.39	530.1
Normalized Net Income, 3 Yr. CAGR %	-16.93	-42.57	47.8	123.35	681.49
Diluted EPS Before Extra, 3 Yr. CAGR %	-14.39	-48.89	45.14	117.39	530.61
Common Equity, 3 Yr. CAGR %	17.86	14.04	-0.64	45.73	45.77
Total Assets, 3 Yr. CAGR %	9.02	7.28	-2.88	28.17	27.85
Tangible Book Value, 3 Yr. CAGR %	17.86	14.04	-0.64	45.74	45.77
Cash From Operations, 3 Yr. CAGR %	90.12	0.99	18.05	117.19	23.8
Capital Expenditures, 3 Yr. CAGR %	-41.11	105.91	-59.12	-	241.4
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	59.63	1.91	0.38	2.04	8.25
Gross Profit, 5 Yr. CAGR %	53.2	2.12	0.36	2.27	9.12
Earnings From Cont. Operations, 5 Yr. CAGR %	238.47	-45.94	-4.94	103.1	89.6
Net Income, 5 Yr. CAGR %	238.47	-45.94	-4.94	103.1	89.6
Normalized Net Income, 5 Yr. CAGR %	68.13	-51.86	-4.51	148.45	90.06
Diluted EPS Before Extra, 5 Yr. CAGR %	238.75	-45.92	-4.86	103.1	89.61
Common Equity, 5 Yr. CAGR %	15.44	32.31	4.43	35.36	32.25
Total Assets, 5 Yr. CAGR %	34.2	11.32	0.77	21.12	18.94
Tangible Book Value, 5 Yr. CAGR %	13.93	32.31	4.43	35.36	32.25
Cash From Operations, 5 Yr. CAGR %	-6.82	127.74	127.6	32.13	-1.65
Capital Expenditures, 5 Yr. CAGR %	-	-	-27.43	-	56.38