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Maha Rashtra Apex Corporation Share Price

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133.85-0.45 (-0.34%)

12:00 AM,12th Apr 2024

135.901.70 (1.27%)

12:00 AM,12th Apr 2024

BSE : 523384


Sector : Financials

ISIN Code : INE843B01013

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Last Updated: Apr 12 2024 | 12:00 AM IST

Market Cap (₹ Cr)


Turnover (₹ Cr)


Volume (Shares)


Face Value


52-WK High


52-WK High Date

07 Nov 2023

52-WK Low


52-WK Low Date

20 Apr 2023

All Time High


All Time High Date

26 Apr 2018

All Time Low


All Time Low Date

02 Sep 2002

Maha Rashtra Apex Corporation Ltd

Maha Rashtra Apex Corporation (MACL) was incorporated as a banking company in Apr.'43 in the name of Maharashtra Apex Bank. Later in 1955 the branches were transferred to Canara Industrial and Banking Syndicate. The company was converted into a hire-purchase company and changed its name to the present one. It was promoted by the late Upendra Anantha Pai. The Company is engaged in the business of Hire Purchase and Leasing Business Presently the Company discontinued the operation and conentrated on recovery of Hire Purchase and Leasing Business.The company came out with a rights issue of 42.55 shares -- at a premium of Rs 5/- with detachable warrants to consolidate its capital base and further augment its long-term resources and to broadbase and expand public holdings. The main activities of the company are lease and hire purchase automobile financing bill discounting corporate finance etc. The company plans to diversify into merchant banking OTCEI dealership stock exchange membership money changing business mutual funds etc. With respect to diversification and expansion MACL has promoted Manipal Home Finance for housing finance Manipal Share and Stock Brokers and Manipal Motors. It is also diversifying into telecom and cellular telephone services. In 1971 a company called General Investments Trusts was amalgamated with the company. In 1995-96 the company issued 3214260 warrants to the promoters of the company on preferential basis. These warrants were converted into equity shares and allotted in Nov.'95. Its subsidiary Karnataka Consumer Products changed its name to Kurlon during the year.During the year 1999-2000 the company diversified its activities and taking up the retail sale of almost all top mutual funds and has a strong network of around 100 branches. The company also took-up the agency of Western Union a reputed US Company which specialises in offering quick and efficient Money Transfer Service from abroad. It has tied-up with M/s Citicorp Finance (India) Ltd for doing business in Light and Heavy Commercial Vehicles and also with leading Amercian NBFC Associates to canvass business for them on commission basis.With a move to diversify the company had taken up the Marketing of Mutual Funds of reputed brands and also ventured into retail marketing of gold coins.During year 2004-05 the Company started repaying the Deposits and Bonds through the Scheme of Arrangement. Accordingly repayment of 1st installment of (15% of the face value) was already made along with the Deposits/Bonds having the face value of Rs.5000/-'and less as directed by the High Court. Besides the repayment of 4th installment (quarterly payment 5% of face value ) of Deposit/ Bonds having monthly/quarterly interest option has also been carried out as envisaged in the Scheme.In terms of Scheme of arrangement sanctioned by the Hon'ble High Court of Karnataka the Company repaid Deposits/ Bonds aggregating to Rs.64.15 Crores. In addition to the above the Company has paid public deposits amounting to Rs. 11.51 Crores out of Rs. 12.59 Crores to investors having investment of Rs.5000/- or less as per the directions of the High Court during 2006-07. During the year 2008-09 the collection of dues under HP/Lease/Loan/Bills etc was to the tune of Rs.494.14 lacs. In terms of Scheme of arrangement sanctioned by the Hon'ble High Court of Karnataka the Company completed payment of three instalments during 2015-16. It completed the fourth instalments in 2018-19.

Maha Rashtra Apex Corporation Ltd - Key Fundamentals

Market Cap (₹ Cr)


EPS - TTM (₹) [S]


P/E Ratio (X) [S]


Face Value (₹) 10
Latest Dividend (%)-
Latest Dividend Date -
Dividend Yield (%) -
Book Value Share (₹) [S]74.62
P/B Ratio (₹) [S]1.79
[*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



Week Low/High



Month Low/High



Year Low/High



All time Low/High



Share Price Returns

1 Week-1.76%-1.00%0.000.03%
1 Month7.68%8.56%0.780.82%
3 Month-9.47%-10.11%2.312.85%
6 Month-4.53%-4.90%11.8013.77%
1 Year43.72%44.39%22.9426.43%
3 Year104.04%101.28%55.0557.36%

Company Info

Company Information

Chairman & Independent Directo : K B Shetty

Company Sec. & Compli. Officer : J M Pandey

Independent Director : Jyothi V B

Managing Director : ASPI NARIMAN KATGARA

Non Executive Director : Yazdin Jimmy Mistry

Independent Director : Vidya Mananjay More

Registered Office: 3rd Floor Front Wing North Blo, Manipal Centre 47 Dickenson Rd,Bangalore,Karnataka-560042 Ph: 91-820-2571021