Maharashtra Scooters Ltd.
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Prices View details

4250.00 +0.20

30 July 2021, 04:00:00 P.M.
Volume: 1,722

Overview View Details

Sector Automobile & Ancillaries Compare with Sector peers
Industry Auto Ancillary Compare with Industry peers
Website http://www.mahascooters.com
Financial Indicators
Market Cap 4,816.86 Cr.
Earnings per share (EPS) 8.31 Trailing Twelve Months Ending 2021-06
Price-Earning Ratio (PE) 507.04 Trailing Twelve Months Ending 2021-06
Industry PE 88.18 Trailing Twelve Months Ending 2021-06
Book Value / Share 14,215.00 Trailing Twelve Months Ending 2021-06
Price to Book Value 0.30 Calculated using Price: 4,214.75
Dividend Yield 1.19 Period Ending 2021-03
No. of Shares Subscribed 1.14 Cr. 11,428,568 Shares
FaceValue 10
Company Profile

Maharashtra Scooters (MSL) was incorporated on June 11, 1975. It holds 3.35% stake in Bajaj Auto in addition to 4.88% stake in Bajaj Auto Finance. It is a joint sector enterprise promoted by Western Maharashtra Development Corporation (27%) and Bajaj Auto (24%).

The company assembled geared scooters, but due to non-availability of CKD packs from Bajaj Auto, the company stopped production of geared scooters in April 2006. MSL has managerial and technical agreement with Bajaj Auto for production of scooters. Scooter brands included Chetak, Super and Priya. The company has its plants in Waluj and Akurdi.

The registered office of the company is at Bajaj Auto, Mumbai-Pune Road, Akurdi, Pune-411035, Maharashtra.

Milestones

  • 1975 - The company was incorporated on June 11, at Pune.
  • 1975 - The company entered into two agreements with Bajaj Auto, one for the preparation of the project report and another for technical know-how and assistance.
  • 1975 - The technical know-how agreement was to be in force for a period of 10 years from the date of commencement of operations or till the company achieved a total production of 3,00,000 scooters whichever is later. Under the agreement, Bajaj Auto, agreed to supply to the company components at reasonable prices which was understood to be lower than the dealer prices for the said components in the replacement market.
  • 1985 - The installed capacity was increased from 73,000 to 87,000 motorized two-wheelers up to 350cc engine capacity.
  • 1986 - An application was made for further enhancement of its licensed capacity from 87,000 to 2,00,000 numbers of motorized two-wheelers and three-wheelers up to 350cc engine capacity, under the scheme of re-endorsement of industrial capacity with reference to the minimum economic scales of operation announced by the Government.
  • 1986 - The company renewed its technical agreement with Bajaj Auto, for a further period of ten years from January 1, 1998.
  • 1990 - During the year, commercial manufacture of Bajaj Super Scooters for which a technical know-how agreement was entered into with Bajaj Auto, on terms and conditions similar to the agreement for manufacture of Priya Scooters.
  • 1996 - The company renewed its technical know-how agreement with Bajaj Auto for a further period of 10 years as similar terms. Company also entered into a protocol agreement with both the promoters of the company i.e. Bajaj Auto and Western Maharashtra Development Corporation.
  • 2000 - Bajaj Auto offered to buy out the Maharashtra government’s entire 27 per cent holding in this scooter manufacturing joint venture Maharashtra Scooters (MSL).
  • 2000 - The company introduced five-day working week at its plant in Satara due to recession in the scooter segment.
  • 2000 - Maharashtra Scooters, Satara, were presented the R J Rathi Award for Environment Pollution Control.
  • 2001 - Bajaj Auto has evinced interest to purchase the 27 per cent equity stake in Maharashtra Scooters
  • 2002 - Maharashtra government has formed a committee headed by chief secretary Ajit Nibalkar to speed up strategic sale of its stake in Maharashtra Scooters.

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
1 Week
+5.00%
1 Month
+13.77%
3 Month
+17.87%
6 Month
+17.95%
1 Year
+41.76%
2 Year
+7.53%
5 Year
+164.91%

Ratios View Details

9 years 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 22.87 20.54 22.30 35.80 0.38 0.82 0.74 1.84 0.07
Return on Capital Employed (%) 22.87 20.54 22.30 35.80 0.42 0.83 0.76 1.96 0.07
Return on Assets (%) 18.70 16.33 17.70 30.81 0.38 0.82 0.73 1.81 0.07

Balance Sheet View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Shh. Funds 225 239 252 312 6,552 8,225 11,323 8,211 16,244
Non Curr. Liab. 25 21 17 14 11 8 381 -31 1,025
Curr. Liab. 33 41 49 11 9 10 10 12 11
Minority Int.
Equity & Liab. 283 300 318 337 6,572 8,243 11,714 8,192 17,280
Non Curr. Assets 240 254 261 279 6,488 8,139 11,539 7,995 17,176
Curr. Assets 43 47 58 58 84 104 175 197 104
Misc. Exp. not W/O
Total Assets 283 300 318 337 6,572 8,243 11,714 8,192 17,280

Profit Loss View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Net Sales 7 4 7 9 9 12 15 15 15
Other Income 53 53 63 108 21 70 81 199 16
Total Income 60 58 70 117 29 82 96 214 31
Total Expenditure -10 -9 -12 -15 -14 -20 -20 -21 -20
PBIDT 50 49 58 102 15 62 76 194 11
Interest 0 0
Depreciation -1 -1 -3 -1 -1 -1 -2 -2 -2
Taxation -1 -1 -2 -12 0
Exceptional Items
PAT 49 48 55 101 13 61 73 180 9

Cash Flow View Details

Particulars 9 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. -8 -6 -10 -8 -33 1 1 -7 -6
Cash Fr. Inv. 33 15 41 81 35 40 45 195 -68
Cash Fr. Finan. -1 -26 -33 -80 -2 -41 -45 -113 -1
Net Change 24 -17 -2 -6 0 0 0 75 -75
Cash & Cash Eqvt 32 15 12 6 0 0 0 75 1

Shareholding Pattern View Details

9 Qtrs 2019-06 (%) 2019-09 (%) 2019-12 (%) 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%)
Promoter 51.00 51.00 51.00 51.00 51.00 51.00 51.00 51.00 51.00
Public 49.00 49.00 49.00 49.00 49.00 49.00 49.00 49.00 49.00
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Fri, 30 Jul 2021
Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Kindly refer the attached file.
Fri, 23 Jul 2021
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
Submission of Voting Results pursuant to Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015 as amended (SEBI Listing Regulations 2015) along with the Scrutinizers Report.
Fri, 23 Jul 2021
Disclosure of Voting results of AGM (Regulation 44(3) of SEBI (LODR) Regulations 2015)
Maharashtra Scooters Ltd has informed BSE regarding the details of Voting results of AGM under Regulation 44(3) of SEBI (LODR) Regulations 2015. Kindly Click here

Technical Scans View Details

Fri, 30 Jul 2021
Stock Outperforming Benchmark Index in both 1 Week and 3 Month Stock Outperforming Benchmark Index in both 1 Week and 3 Month
Stock Outperforming Sectoral Index in both 1 Week and 3 Month Stock Outperforming Sectoral Index in both 1 Week and 3 Month
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Strongly Outperforming Sectoral Index Strongly Outperforming Sectoral Index
Close Within 2 Year High Zone Close Within 2 Year High Zone

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