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Maha Rashtra Apex Corporation Ltd

Company details

6M Return 34.40%
1Y Return 8.59%
Mkt Cap.(Cr) 154.17
Volume 41
Div Yield 0.00%
OI Chg %
Volume 41

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Operating Profit

Profit after Tax


Reserves and Surplus



Operating Profit

Profit after Tax






Equity Capital: 150.39 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 10,846.35 -17,022.91
LAST 3M 25,915.29 -5,903.92
LAST 6M 50,214.07 67,090.14
LAST 12M 182,243.81 -105,158.90


Stock PE (TTM)


Promoter Holding


Book Value







  • 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. T Ramesh U Pai is the Chairman of MACL and T Sudhakar Pai is the Managing Director. The group companies are ICDS, Manipal Finance Corporation, Canara Steel and Karnataka Consumer Products. 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 32,14,260 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.

Registered Address

3rd Floor Front Wing North Blo, Manipal Centre 47 Dickenson Rd, Bangalore, Karnataka, 560042

Tel : 91-820-2571021
Email : mrachl.ho:manipal.com
Website : http://www.maharashtraapex.com


Purva Sharegistry (I) Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 523384
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE843B01013

ICICIdirect Maha Rashtra Apex Corporation Ltd FAQ

You can buy Maha Rashtra Apex Corporation Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Maha Rashtra Apex Corporation Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of Jan 25, 2023 04:01 PM the closing price of Maha Rashtra Apex Corporation Ltd was ₹ 109.40.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Jan 25, 2023 04:01 PM, the market cap of Maha Rashtra Apex Corporation Ltd stood at ₹ 154.17.
The latest PE ratio of Maha Rashtra Apex Corporation Ltd as of Jan 25, 2023 04:01 PM is 42.21
The latest PB ratio of Maha Rashtra Apex Corporation Ltd as of Jan 25, 2023 04:01 PM is 0.96
The 52-week high of Maha Rashtra Apex Corporation Ltd is ₹ 148.40 while the 52-week low is ₹ 71.10

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