Majestic Auto Ltd

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NSEBSE
Stock not tradded

360.65-18.95 (-4.99%)

04:01 PM,22nd Feb 2024

BSE : 500267

NSE : MAJESAUTO

Sector : Infrastructure

ISIN Code : INE201B01022

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Last Updated: Feb 22 2024 | 04:01 PM IST

Market Cap (₹ Cr)

0

Turnover (₹ Cr)

0.00

Volume (Shares)

Face Value

10

52-WK High

0.00

52-WK High Date

Invalid date

52-WK Low

0.00

52-WK Low Date

Invalid date

All Time High

185.00

All Time High Date

21 Feb 1995

All Time Low

6.65

All Time Low Date

05 Oct 2001

Majestic Auto Ltd

Majestic Auto Ltd (MAL) established in April 1973 was earlier engaged in manufacture of Silencers Auto Components Fine Blanking Components Bicycle Spokes and Electrical Motors. It had facilities for tool design and tool making which enables the Company to meet-up the expectations of the automobile manufacturers in the country by supplying high quality Fine Blanking components on schedule. It was running its Plants in Ludhiana and Greater Noida. But due to diversification in business it got engaged into providing facilitymanagement and rental services.MAL came into existence with a plant at Ludhiana to manufacture 50 cc mopeds marketed under the Pacer Panther and Ankur brands. The company went public in 1986. But in a market which exhibited a CAGR of 30% between 1978 and 1988 it was unable to make a definitive dent. Realising the need to make its presence felt it upgraded its capacity in Oct.'88 by setting up a plant in Ghaziabad Uttar Pradesh to manufacture 65-cc Hero Puch mopeds. But the moment the new product hit the road it hit something else too -- MAL's bottom line. In the period from 1989 to 1991 when it came under the purview of the BIFR after having completely wiped off its net worth MAL started focussing increasingly on the export market. Luckily for MAL the turnaround was quick to come. With exports shooting up 75% to Rs 6.58 cr and the sales realisation improving over 50% the company's bottom line for 1991-92 turned black again.A new launch the Hero Allegro fit-kit exerciser paid off. In 1994-95 its plant at Tehsil Dadri Uttar Pradesh was awarded the ISO 9002 certification. In the same year it launched two more models - three-gear 65- and 75-cc mopeds During 1995-96 MAL launched new products such as BMW 650 Funduro and 74cc Scooter `Hero Winner'. In 1997-98 the company increased the installed capacity of its motorised two wheelers upto 350cc to 230000 Nos.During the year 2003-04 through the Scheme of Arrangement between the Company and Hero Auto Limited (now called Hero Motors Limited) all the assets and liabilities of erstwhile Ghaziabad Unit of the Company were transferred to Hero Motors Limited effective 01.04.2003. In accordance with the Scheme the shareholdings of the existing Equity Shareholders of the Company was reduced proportionately by 440000 Equity Shares of Rs. 10/- each. Thus the paid up Equity Shares Capital of the Company was reduced by Rs. 4400000/-. Hero Global Design Private Limited ceased to be a subsidiary of the Company w.e.f. 29.9.2003.The Company floated Majestic IT Services Limited as Wholly Owned Subsidiary (WOS) of the Company for setting-up business of providing a broad range of information and technology related services during the year 2010. Consequent to the inter-se transfer of shareholding amongst the Promoters Anadi Investments Private Limited became the holding company of the Company with effect from 31st March 2012. The Company acquired Emirates Technologies Private Limited during 2014-15.The Company discontinued their manufacturing operations (Fine Blanking Electric & Winding) in the second half of the year 2017-18 due to unviable business operations; lack of viable orders profitability the losses incurred external environmental challenges & technology moving forward and diversified into the business of Facility Management Services Office space leasing construction of property in the last quarter of the year 2017-18.

Majestic Auto Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

375

EPS - TTM (₹) [S]

23.87

P/E Ratio (X) [S]

0.77

Face Value (₹) 10
Latest Dividend (%)150.00
Latest Dividend Date 20 Feb 2024
Dividend Yield (%) 2.08
Book Value Share (₹) [S]465.41
P/B Ratio (₹) [S]0.77
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)

Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

360.65

379.45

Week Low/High

360.65

419.00

Month Low/High

258.60

419.00

Year Low/High

125.10

419.00

All time Low/High

6.85

419.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-7.14%%1.541.40%
1 Month37.52%%2.432.99%
3 Month49.55%%10.8112.14%
6 Month99.53%%12.1714.54%
1 Year125.55%%22.4526.56%
3 Year230.72%%47.0751.39%

Company Info

Company Information

Chairman & Managing Director : Mahesh Chander Munjal

Joint Managing Director : Aayush Munjal

Independent Director : Anil Kumar Sharma

Independent Director : Rajesh Yaduvanshi

Company Sec. & Compli. Officer : Parul Chadha

Director : Ayushi Jain

Non Executive Director : Prateek Garg

Additional Director : Tripurari Pandey

Registered Office: 10 Southern Avenue, Maharani Bagh,New Delhi,New Delhi-110065 Ph:

Email:grievance@heromajestic.com

URL:http://www.majesticauto.in