AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Dividend Updates 15 Sep - Board declared Rs.160 interim dividend per share; record date 21 September 2026, payout by 13 October 2026.
Source: Bse
Maharashtra Scooters Limited (MAHSCOOTER)
Micro CapFinancial Services stocks · Micro cap · NSE
Maharashtra Scooters Limited operates in Holding, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
₹12,286
-115.00 · -0.93%
Market cap ₹14,041 Cr
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals20 Oct 2026 · screener
Latest result29 Jul, 04:16 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Financial Services P/E 17.0 (n=243)
Technical timing lens
Trend score and candlestick chart
39BearishSMA20 -5.8% / mo · MACD +
Stock trend: 35
Sector RS: 44
Sector 3M: -5.8% vs Nifty 500 -5.6%
Financial Services FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
MAHSCOOTERD candles · FIT view-0.7%Latest close ₹12286.00 on 2026-10-19
Bar
-1.6%
RSI
39
MACD hist
10.90
52W pos
21%
2026-10-19O ₹12488.00H ₹12488.00L ₹12200.00C ₹12286.00Vol 1,028 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
MAHSCOOTERNifty Financial ServicesNifty 500
- MAHSCOOTER
- -5.5%
- Nifty 500
- -5.6%
- Nifty Financial Services
- -6.0%
- Vs Nifty 500
- +0.1 pp
Chart stats
19 Oct 2026- From 52W high
- -30.7%
- 52W range position
- 20%
- ATR (14)
- 2.6%
- Volume vs 20D
- 0.18x
- Avg traded value
- ₹6.7 Cr
- 20D price channel
- ₹11,951 - ₹13,771
₹17,733
₹10,901 - ₹17,733
₹313.9
Latest completed session
20-session average
21.6% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · FAIR VALUE48
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue -81.5% · PAT -90.6% YoY
Technical
Bearish39
Price trend and sector-relative-strength timing.
Valuation
Legacy model-97.7%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence67
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100Rev -82% YoY · PAT -91% YoY · margin compression
Filed 29 Jul 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹5.4 Cr | -81.5% | -10.3% |
| EBITDA | ₹4.6 Cr | -83.9% | -8.6% |
| Operating margin | 84.1% | -1221 bps | +151 bps |
| PAT | ₹3.3 Cr | -90.6% | -17.2% |
| PAT margin | 61.4% | -5944 bps | -513 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 50.40
- P/B
- 0.51
- EV/EBITDA
- 49.27
- Market Cap
- 14041.00Cr
Profitability
- ROE
- 1.06%
- ROCE
- 1.06%
- ROA
- 0.91%
- Dividend Y
- 1.81%
Growth (CAGR)
- Revenue 5Y
- 59.00%
- EPS 5Y
- 104.00%
- Revenue 3Y
- 13.00%
- EPS 3Y
- 17.00%
Balance Sheet
- Debt/Equity
- 0.00
- Interest Coverage
- —
- Altman Z
- 4.29
- Book Value
- 24180.00
Cash Flow
- FCF Yield
- 1.77%
- FCF Positive Y
- 11/5
- OCF
- 267.00 Cr
- EPS TTM
- 243.70
Shareholding
- Promoter Hold
- 51.00%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 21%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 313+70.1% vs prev
Net Profit
₹ CrLatest: 311+45.3% vs prev
Return on Equity
%Latest: 1.1+63.8% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 39.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~6.1% over last month) — short-term momentum negative.
- RSI(14) at 39 — sideways, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 29% off 52W high · 13% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
38
RS percentile
Stage 1 Base / Transition
1M return
-10.5%
3M return
-5.5%
6M return
-5.9%
1Y return
-25.2%
RS 1D
+1
RS 20D
-5
Sector rank
#10
Industry rank
#34
Stage evidence
- Price is within 3.6% of the 30-week proxy.
- The 30-week proxy changed -0.4% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
weakening
Industry
weakening
Relative-strength line vs Nifty 500 (base 100)
260 observations
19 Oct 2026Value 72.47+0.10%
RS vs Nifty 50072
Valuation & peers
U-Score 48 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 48 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Financial Turnaround
Fundamental score breakdown
U band · FAIR VALUEValuation3/30
Growth22/25
Quality0/20
Balance Sheet11/15
Cash Flow7/10
Piotroski
8/9 (+5)
Penalties
0
Raw sum
48
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
48/100 · legacy band FAIR VALUE
Positive drivers
- Piotroski is strong at 8/9.
- Growth contributes 22/25 to the score.
- Balance sheet contributes 11/15 to the score.
Main drags
- Fair-value margin of safety is negative at -97.7%.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Valuation is weaker at 3/30; verify the latest quarterly trend.
Sector valuation model
Blended valuation: PE, EV/EBITDA, FCF yield, and balance-sheet checks
For this sector, IndiaPulse uses a blended lens rather than relying on a single valuation ratio.
Primary lens
PE, EV/EBITDA, margin of safety, and FCF yield together.
Secondary checks
ROE/ROCE, growth, cash conversion, leverage, promoter risk.
Main risk check
One cheap metric is not enough if quality or cash flow is weak.
PE
50.4
PB
0.5
EV/EBITDA
49.3
ROE
1.1%
ROCE
1.1%
FCF Yield
1.8%
Debt/Equity
0.0
MoS
-97.7%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
48
Previous: 48
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
-97.7%
Previous: -97.7%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
49
49
49
49
49
49
49
49
49
49
48
48
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹11,514.56
-6.7% MoS
Growth-justified P/E
25.5
Growth-justified Value
₹6,214.35
-97.7% MoS
PEG
0.73
Comparable companies
Peers
Business-comparable peers in Financial Services — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
TSFINV
Micro
TSF INVESTMENTS LIMITED
Holding Company
match 86
54
18.4
8.2%
+29%
FAIR VALUE
JSWHL
Small
JSW Holdings Limited
Holding Company
match 82
36
90.5
0.5%
-257%
WATCHLIST
BENGALASM
Small
Bengal & Assam Company Limited
Holding Company
match 78
58
8.7
8.1%
+71%
FAIR VALUE
KAMAHOLD
Small
Kama Holdings Limited
Holding Company
match 77
75
6.3
12.6%
+78%
DEEP VALUE
CHOLAHLDNG
Small
Cholamandalam Financial Holdings Limited
Holding Company
match 76
51
9.6
17.5%
+62%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Maharashtra Scooters Limited operates in Holding, within the Financial Services sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
67Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 52nd percentile of the scored universe and 66th percentile within Financial Services. Main check: results consistency is weak at 31/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
2 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
52nd percentile
overall median 67 · Financial Services: 66th pctile, median 62 · Micro: 32nd pctile, median 73
Evidence depth
Financial-only
2 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
88
strong · leverage and solvency
Discipline
48
watch · capital discipline
Results
31
weak · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 1.7%.
- ▸11 years of positive FCF.
- ▸Debt/equity is 0.00.
Trust risks
- ▸2 latest quarters had PAT decline worse than 25% YoY.
- ▸ROCE is low at 1.1%.
- ▸ROE is low at 1.1%.
- ▸OPM spread across recent quarters is 28.9%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Maharashtra Scooters Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Change in Registered Office Address 1 Sep - Registered office shifted to 6th Floor, Bajaj Finserv House, Pune, effective 1 September 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 29 Aug
Source: Bse
Annual report
Reg. 34 (1) Annual Report. 4 Jul
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 23 Jun - Maharashtra Scooters Ltd. has informed about copy of Newspaper Publication w.r.t 51st Annual General Meeting of the Company to be held through Video Conferencing/Other Audio-Visual …
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.