Maha Rashtra Apex Corporation Limited (MAHAPEXLTD) - Net Assets
Based on the latest financial reports, Maha Rashtra Apex Corporation Limited (MAHAPEXLTD) has net assets worth Rs4.59 Billion INR (≈ $49.63 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs5.36 Billion ≈ $57.98 Million USD) and total liabilities (Rs771.93 Million ≈ $8.35 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how strategically is Maha Rashtra Apex Corporation Limited's equity deployed to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs4.59 Billion |
| % of Total Assets | 85.6% |
| Annual Growth Rate | 21.19% |
| 5-Year Change | 205.15% |
| 10-Year Change | N/A |
| Growth Volatility | 196.77 |
Maha Rashtra Apex Corporation Limited - Net Assets Trend (2008–2026)
This chart illustrates how Maha Rashtra Apex Corporation Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of Maha Rashtra Apex Corporation Limited.
Annual Net Assets for Maha Rashtra Apex Corporation Limited (2008–2026)
The table below shows the annual net assets of Maha Rashtra Apex Corporation Limited from 2008 to 2026. Also explore net asset momentum of Maha Rashtra Apex Corporation Limited to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs4.59 Billion ≈ $49.63 Million |
-1.48% |
| 2025-03-31 | Rs4.66 Billion ≈ $50.38 Million |
+1.08% |
| 2024-03-31 | Rs4.61 Billion ≈ $49.84 Million |
+307.98% |
| 2023-03-31 | Rs1.13 Billion ≈ $12.22 Million |
-24.89% |
| 2022-03-31 | Rs1.50 Billion ≈ $16.26 Million |
+1.01% |
| 2021-03-31 | Rs1.49 Billion ≈ $16.10 Million |
+29.32% |
| 2020-03-31 | Rs1.15 Billion ≈ $12.45 Million |
+13.53% |
| 2019-03-31 | Rs1.01 Billion ≈ $10.97 Million |
+11.49% |
| 2018-03-31 | Rs909.62 Million ≈ $9.84 Million |
+227.50% |
| 2017-03-31 | Rs-713.45 Million ≈ $-7.72 Million |
+1.34% |
| 2016-03-31 | Rs-723.12 Million ≈ $-7.82 Million |
-0.17% |
| 2015-03-31 | Rs-721.91 Million ≈ $-7.81 Million |
+0.04% |
| 2014-03-31 | Rs-722.18 Million ≈ $-7.81 Million |
-3.25% |
| 2013-03-31 | Rs-699.47 Million ≈ $-7.56 Million |
-0.23% |
| 2012-03-31 | Rs-697.84 Million ≈ $-7.55 Million |
-1.05% |
| 2011-03-31 | Rs-690.59 Million ≈ $-7.47 Million |
-578.35% |
| 2010-03-31 | Rs144.37 Million ≈ $1.56 Million |
+0.05% |
| 2009-03-31 | Rs144.30 Million ≈ $1.56 Million |
0.00% |
| 2008-03-31 | Rs144.30 Million ≈ $1.56 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Maha Rashtra Apex Corporation Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 372614700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs3.73 Billion | 81.19% |
| Common Stock | Rs141.18 Million | 3.08% |
| Other Comprehensive Income | Rs624.72 Million | 13.61% |
| Other Components | Rs97.17 Million | 2.12% |
| Total Equity | Rs4.59 Billion | 100.00% |
Maha Rashtra Apex Corporation Limited Competitors by Market Cap
The table below lists competitors of Maha Rashtra Apex Corporation Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hsin-Sin Textile Co Ltd
TWO:4406
|
$16.68 Million |
|
Korea Information Engineering Services Co. Ltd
KQ:039740
|
$16.68 Million |
|
Bharat Gears Limited
NSE:BHARATGEAR
|
$16.69 Million |
|
United Maritime Corporation
NASDAQ:USEA
|
$16.69 Million |
|
Polylite Taiwan Co Ltd
TWO:1813
|
$16.68 Million |
|
Zamet Industry SA
WAR:ZMT
|
$16.67 Million |
|
Procorp S.A.B. de C.V
MX:PROCORPB
|
$16.67 Million |
|
RPCG Public Company Limited
BK:RPC
|
$16.67 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Maha Rashtra Apex Corporation Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 4,658,367,000 to 4,589,218,000, a change of -69,149,000 (-1.5%).
- Net loss of 68,672,000 reduced equity.
- Other comprehensive income increased equity by 624,718,000.
- Other factors decreased equity by 625,195,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs-68.67 Million | -1.5% |
| Other Comprehensive Income | Rs624.72 Million | +13.61% |
| Other Changes | Rs-625.20 Million | -13.62% |
| Total Change | Rs- | -1.48% |
Book Value vs Market Value Analysis
This analysis compares Maha Rashtra Apex Corporation Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.17x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 5.34x to 0.17x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-03-31 | Rs10.24 | Rs54.72 | x |
| 2009-03-31 | Rs10.20 | Rs54.72 | x |
| 2010-03-31 | Rs10.20 | Rs54.72 | x |
| 2011-03-31 | Rs-47.59 | Rs54.72 | x |
| 2012-03-31 | Rs-49.32 | Rs54.72 | x |
| 2013-03-31 | Rs-49.44 | Rs54.72 | x |
| 2014-03-31 | Rs-51.04 | Rs54.72 | x |
| 2015-03-31 | Rs-51.02 | Rs54.72 | x |
| 2016-03-31 | Rs-51.11 | Rs54.72 | x |
| 2017-03-31 | Rs-50.43 | Rs54.72 | x |
| 2018-03-31 | Rs64.28 | Rs54.72 | x |
| 2019-03-31 | Rs71.96 | Rs54.72 | x |
| 2020-03-31 | Rs81.70 | Rs54.72 | x |
| 2021-03-31 | Rs105.66 | Rs54.72 | x |
| 2022-03-31 | Rs106.72 | Rs54.72 | x |
| 2023-03-31 | Rs80.15 | Rs54.72 | x |
| 2024-03-31 | Rs327.03 | Rs54.72 | x |
| 2025-03-31 | Rs330.54 | Rs54.72 | x |
| 2026-03-31 | Rs325.45 | Rs54.72 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Maha Rashtra Apex Corporation Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -1.50%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -144.84%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.17x
- Recent ROE (-1.50%) is below the historical average (15.76%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 93.45% | 740.83% | 0.01x | 15.48x | Rs120.40 Million |
| 2009 | -23.03% | -164.97% | 0.01x | 14.33x | Rs-47.66 Million |
| 2010 | 99.70% | 662.60% | 0.01x | 13.44x | Rs129.41 Million |
| 2011 | 0.00% | -178.05% | 0.01x | 0.00x | Rs49.69 Million |
| 2012 | 0.00% | -338.45% | 0.01x | 0.00x | Rs45.31 Million |
| 2013 | 0.00% | -125.82% | 0.01x | 0.00x | Rs61.52 Million |
| 2014 | 0.00% | -298.68% | 0.01x | 0.00x | Rs54.64 Million |
| 2015 | 0.00% | 9.77% | 0.01x | 0.00x | Rs72.93 Million |
| 2016 | 0.00% | -13.79% | 0.01x | 0.00x | Rs71.56 Million |
| 2017 | 0.00% | 1280.98% | 0.04x | 0.00x | Rs361.97 Million |
| 2018 | 59.32% | 1580.57% | 0.02x | 2.21x | Rs448.56 Million |
| 2019 | 9.89% | 341.65% | 0.01x | 2.08x | Rs-1.16 Million |
| 2020 | 11.90% | 338.94% | 0.02x | 1.98x | Rs21.88 Million |
| 2021 | 22.65% | 1099.80% | 0.01x | 1.75x | Rs188.29 Million |
| 2022 | 0.89% | 34.48% | 0.01x | 1.73x | Rs-136.97 Million |
| 2023 | -37.08% | -1966.07% | 0.01x | 1.85x | Rs-531.72 Million |
| 2024 | -8.78% | -464.33% | 0.02x | 1.19x | Rs-865.46 Million |
| 2025 | 72.07% | 24669.03% | 0.00x | 1.17x | Rs2.89 Billion |
| 2026 | -1.50% | -144.84% | 0.01x | 1.17x | Rs-527.59 Million |
Industry Comparison
This section compares Maha Rashtra Apex Corporation Limited's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $21,722,941,149
- Average return on equity (ROE) among peers: 12.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Maha Rashtra Apex Corporation Limited (MAHAPEXLTD) | Rs4.59 Billion | 93.45% | 0.17x | $16.68 Million |
| Akme Fintrade India Ltd (AFIL) | $2.05 Billion | 7.72% | 0.91x | $39.74 Million |
| Arman Financial Services Limited (ARMANFIN) | $196.82 Million | 15.55% | 2.31x | $222.99 Million |
| Baid Finserv Limited (BAIDFIN) | $108.03 Million | 5.96% | 2.17x | $18.24 Million |
| Bajaj Finance Limited (BAJFINANCE) | $96.00 Billion | 19.13% | 5.64x | $69.99 Billion |
| Capri Global Capital Limited (CGCL) | $13.83 Billion | 9.81% | 2.09x | $2.82 Billion |
| Cholamandalam Investment and Finance Company Limited (CHOLAFIN) | $31.74 Billion | 13.99% | 6.52x | $16.42 Billion |
| Cholamandalam Financial Holdings Limited (CHOLAHLDNG) | $7.27 Billion | 23.60% | 2.56x | $3.06 Billion |
| CREDITACCESS GRAMEEN LIMITED (CREDITACC) | $65.70 Billion | 22.01% | 3.39x | $2.40 Billion |
| CSL Finance Limited (CSLFINANCE) | $773.42 Million | 9.31% | 0.08x | $53.07 Million |
| DCM Financial Services Limited (DCMFINSERV) | $-434.17 Million | 0.00% | 0.00x | $1.24 Million |
About Maha Rashtra Apex Corporation Limited
Maha Rashtra Apex Corporation Limited does not have significant operations. Previously, the company was engaged in the hire purchase and leasing business. Maha Rashtra Apex Corporation Limited was formerly known as Maharashtra Apex Bank Ltd. The company was incorporated in 1943 and is based in Manipal, India.