# Maharashtra Scooters share price today (Maharashtra Scooters Ltd, NSE: MAHSCOOTER)

> Maharashtra Scooters share price today: ₹12,118.00 at the NSE close on 3 November 2026, down 19.8% in a year. Maharashtra Scooters (NSE: MAHSCOOTER) is worth ₹13,849 crore, trades at a P/BV of 0.4 and has closed between ₹11,387.00 and ₹14,705.00 over the past 52 weeks. > Maharashtra Scooters Ltd's earnings have grown faster than its share price. Earnings per share grew +44.9% in a year while the price moved −19.8%. MAHSCOOTER · Finance - Holding Company · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/maharashtra-scooters-ltd

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: ₹12,118.00 (−19.8% in a year)
- P/BV: 0.4× (higher than 74% of the last 10 years)
- Revenue (Sep 2026): ₹297 Cr (+9.6% on a year ago)
- Profit (Sep 2026): ₹293 Cr (+9.7% on a year ago)
- Net margin: 98.7% (+0.2 points on a year ago)
- ROE: 1%, FY26
- ROA: 0.53%, latest

The main question: yearly earnings per share moved +44.9% while the share price moved −19.8%. ## What is the Maharashtra Scooters share price today? Maharashtra Scooters Ltd's share price was ₹12,118.00 at the close on 3 November 2026. It has been falling for 2 weeks. That is 6.7% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹11,387 and ₹14,705, and at that close it sat 22% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 2 weeks running. Over the last 11 years the share price moved +898% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 23 October 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Maharashtra Scooters this quarter? Three changes stood out: revenue grew again in the September 2026 quarter, profit grew again in the September 2026 quarter and highest quarterly profit in 16 quarters. 1. Revenue grew again in the September 2026 quarter Revenue was ₹297 crore, +9.6% on a year earlier (₹271 crore), after 2 quarters of decline. 2. Profit grew again in the September 2026 quarter Profit was ₹293 crore, +9.7% on a year earlier (₹267 crore), after 2 quarters of decline. 3. Highest quarterly profit in 16 quarters Profit of ₹293 crore in the September 2026 quarter is the highest of the last 16 quarters. ## What are Maharashtra Scooters' latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), Maharashtra Scooters reported total income of ₹297 crore, up 9.6% from ₹271 crore a year earlier, and a profit of ₹293 crore, up 9.7% from ₹267 crore. ### Maharashtra Scooters results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Total income | ₹297 crore | ₹271 crore | +9.6% |
| Profit | ₹293 crore | ₹267 crore | +9.7% |
| Earnings per share | ₹256.61 | ₹233.69 | +9.8% |
| Net margin | 98.7% | 98.5% | +0.2 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). (From the company's reported quarterly results (quarter ended 30 September 2026). Income and profit in ₹ crore.)

## What is the Maharashtra Scooters share price history? Maharashtra Scooters closed at ₹12,118.00 on 3 November 2026, down 19.8% from ₹15,108.00 a year earlier (31 October 2025) and up 177.2% over five years. Its highest weekly close since March 2016 was ₹17,979.00 on 12 September 2025. ### Maharashtra Scooters share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 29 Oct 2026 | ₹11,615.00 | +4.3% |
| 1 month ago · 1 Oct 2026 | ₹12,380.00 | −2.1% |
| 6 months ago · 30 Apr 2026 | ₹12,244.00 | −1.0% |
| 1 year ago · 31 Oct 2025 | ₹15,108.00 | −19.8% |
| 3 years ago · 3 Nov 2023 | ₹7,697.25 | +57.4% |
| 5 years ago · 4 Nov 2021 | ₹4,372.20 | +177.2% |
| 10 years ago · 4 Nov 2016 | ₹1,815.40 | +567.5% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹1,214.80 | +897.5% |
| Highest weekly close since March 2016 · 12 Sep 2025 | ₹17,979.00 | −32.6% |
| Lowest weekly close since March 2016 · 8 Apr 2016 | ₹1,209.45 | +901.9% |
| 52-week high (weekly close) · 28 Nov 2025 | ₹14,705.00 | −17.6% |
| 52-week low (weekly close) · 2 Apr 2026 | ₹11,387.00 | +6.4% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (560 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Maharashtra Scooters? 3 Nov 2026: Maharashtra Scooters closed at ₹12,118.00, up 4.3% on the week and down 2.1% on the month. Results for July to September 2026: Total income up 9.6% and profit up 9.7% on a year earlier. ### Earlier

- 21 Sep 2026: ex-date for a dividend of ₹160 a share. - 30 Jun 2026: ex-date for a dividend of ₹60 a share. ## What dividend does Maharashtra Scooters pay? Maharashtra Scooters paid ₹220 a share in regular dividends in the 12 months to 4 November 2026 (2 payments), a yield of 1.82% at the ₹12,118.00 close on 3 November 2026. The last was a dividend of ₹160 a share, ex-date 21 September 2026. ### Maharashtra Scooters dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 21 Sep 2026 | ₹160 | Dividend | same day |
| 30 Jun 2026 | ₹60 | Dividend | same day |
| 22 Sep 2025 | ₹160 | Interim | same day |
| 27 Jun 2025 | ₹60 | Dividend + Special | same day |
| 25 Sep 2024 | ₹110 | Interim | same day |
| 28 Jun 2024 | ₹60 | Dividend | same day |
| 28 Sep 2023 | ₹110 | Interim | 29 Sep 2023 |
| 30 Jun 2023 | ₹60 | Dividend | same day |
| 22 Sep 2022 | ₹100 | Interim | 23 Sep 2022 |
| 30 Jun 2022 | ₹80 | Dividend | 1 Jul 2022 |
| 8 Jul 2021 | ₹50 | Dividend | n/a |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Maharashtra Scooters Ltd paid out 81% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## Which stock lists is Maharashtra Scooters on? Maharashtra Scooters is on 2 of our India lists: Dividend stocks and Small & mid cap stocks. - [Dividend stocks Regular dividend yield (%): 1.81](https://www.sectoralpha.in/dividend-stocks-india)
- [Small & mid cap stocks Size rank in India: 477](https://www.sectoralpha.in/small-cap-stocks-india)

## Is Maharashtra Scooters profitable? Maharashtra Scooters Ltd earned ₹293 Cr of net profit in the Sep 2026 quarter, +9.7% on the same quarter a year earlier. Full-year FY26 profit was ₹311 Cr. Over 10 years profit has grown 11.9% a year on average. That is 98.7% of the quarter's revenue. The same quarter a year earlier earned ₹267 Cr. For the full year, FY26 profit was ₹311 Cr (+45.3% on the year before). Why profit moved: revenue changed +9.6% on a year earlier and the margin moved +0.2 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed −35.2% and revenue −21.9%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Maharashtra Scooters make, and is it growing? Maharashtra Scooters Ltd reported ₹297 Cr of income in the Sep 2026 quarter, +9.6% on the same quarter a year earlier. Over 10 years it has grown 42.6% a year on average. The last full year, FY26, came in at ₹313 Cr. The last four reported quarters add to ₹314 Cr. FY26 revenue was ₹313 Cr, +70.1% on the year before. Recent pace: the last four quarters grew −21.9% on average, against 42.6% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +0.3%, against +31.3% a year over the last 8 quarters (rolling over); profit over the last 12 months grew −14.8%, against +37.8% a year (rolling over). ## How much does Maharashtra Scooters keep from what it earns? Maharashtra Scooters Ltd's net margin was 98.7% in the Sep 2026 quarter, 0.2 percentage points higher than the same quarter a year ago. Across 13 years it has been between 30.0% and 1,200.0%. The latest quarter is within that range. Why: the net margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason. ## How many of Maharashtra Scooters' loans have gone bad? Maharashtra Scooters Ltd does not report loan-quality figures this page can read, so this section says so rather than guess. No bad-loan figures are filed in a form this page can read, and none are guessed from the profit line. The income, margin and return sections carry what this business does report. Why: loan quality drives a lender, but its details (new bad loans, recoveries, money set aside) are not in our data for this company. The sections around this one carry what we can back up. ## How fast is Maharashtra Scooters' loan book growing? Maharashtra Scooters Ltd's revenue was ₹313 Cr in FY26, +70.1% on the year before, so the loan book is growing. The latest quarter was +9.6% on a year earlier. The net margin on that income is 98.7%, +0.2 percentage points on a year ago. Interest income stands in for the size of the loan book; changes in interest rates can move it a few points in any year. In short: a lender grows well when its loan book grows, its margin stays steady and its loans stay clean. Gross NPA is the loan-quality figure this page uses. ## What is Maharashtra Scooters' P/BV ratio, and how does it compare with its own history? Maharashtra Scooters Ltd's P/BV is 0.4×, near the high end of its own history: higher than 74% of past readings. Its usual P/BV (the middle reading) is 0.4×, over 10 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is low: this lender earns about 1% a year on its equity. A lender that earns less on its net worth is valued lower for each rupee of it, and that gap usually closes only if returns improve. Why the multiple is where it is: over the past year book value grew while the price moved −19.8%. The price ran ahead of book value, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +22.6% a year; about +5.6% a year came from book-value growth and about +17.0 percentage points from the multiple (the market paying more); over 10 years the price moved +20.9% a year; about +19.3% a year came from book-value growth and about +1.6 percentage points from the multiple (the market paying more). The split is approximate (price return minus book-value growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the book value trend underneath matters more than the multiple. ## Is the Maharashtra Scooters business getting better or worse? Maharashtra Scooters Ltd's business is giving mixed signals. There is no clear direction across the growth lines, with ROE steady at 0.9%; each line tells part of the story. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does Maharashtra Scooters earn on its equity and assets? We do not have a clean yearly return-on-equity history for Maharashtra Scooters Ltd. For an insurer in particular, the usual bank ratios do not fit, so this page does not force them or estimate a series. The revenue, margin and ownership sections show what this company does report. ## Does Maharashtra Scooters have too much debt? For a bank, borrowing is the raw material of the business, not a warning sign: it borrows money in order to lend it out. Its safety is read through its returns and its loans. Its safety is read from the bad-loan figures and the return on equity instead. For a manufacturer, debt is a claim on its profits. For a lender it is the stock it trades in, so the usual debt-to-equity test would mislead and is not used here. ## What is the Maharashtra Scooters shareholding pattern? Foreign institutions raised their stake in Maharashtra Scooters Ltd by 1.6 percentage points over 8 quarters, the biggest change among its owners. Foreign institutions now own 6.3% of the company. Domestic institutions moved −1.5 points over the same period, to 3.8%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Foreign institutions: +1.6 points over 8 quarters, to 6.3%; Domestic institutions: −1.5 points over 8 quarters, to 3.8%; Promoters: +0.0 points over 8 quarters, to 51.0%. Why the owners changed: foreign institutions moved +1.6 points and domestic institutions −1.5 points over 8 quarters, while promoters stayed about the same. One group of institutions took over shares from the other; it is not a change of mind by the people running the company. ## How far is Maharashtra Scooters from balance-sheet trouble? For Maharashtra Scooters Ltd, the Z-score is not used, because it was built for manufacturers, not lenders. For a lender, safety is read from its capital and bad-loan figures instead. ## How does Maharashtra Scooters rank in its industry? 31.5 out of 100, rank 17 of 18 in Finance - Holding Company, with 73% of the evidence available. Maharashtra Scooters Ltd scores 31.5 out of 100 against the 18 companies it is compared with in Finance - Holding Company, ranking 17. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 7.1 + 9.7 + 4.7 + 10 = 31.5. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector. ## Which companies is Maharashtra Scooters compared with? Maharashtra Scooters ranks 17 of 18 Finance - Holding Company companies on the 4-Factor Sector Score, with 31.5 out of 100. 1. [Jindal Poly Investment & Finance Company Ltd](https://www.sectoralpha.in/stocks/jindal-poly-investment-finance-company-ltd) JPOLYINVST · quiet · Most evidence points up · 69% evidence 69.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.1/35 · Income 100% · Profit 100% · 75% evidence Capital efficiency 20.7/25 · ROA 47.9% · ROE 54.8% · GNPA n/a · 72% evidence Valuation 14.0/20 · P/BV 0.58× · P/BV÷ROE 0.01 · 100% evidence Relative strength 8.1/20 · Lead over its industry n/a · Lead over NIFTY 500 -11.2% · 1 year -10.3% · 25% evidence · 0 of 12 weeks ahead Exact sum: 27.1 + 20.7 + 14 + 8.1 = 69.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Kama Holdings Ltd](https://www.sectoralpha.in/stocks/kama-holdings-ltd) KAMAHOLD · basing · Most evidence points up · 69% evidence 69.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.3/35 · Income 12.9% · Profit 50.8% · 75% evidence Capital efficiency 18.1/25 · ROA 7.3% · ROE 12.6% · GNPA n/a · 72% evidence Valuation 18.2/20 · P/BV 0.86× · P/BV÷ROE 0.07 · 100% evidence Relative strength 8.6/20 · Lead over its industry n/a · Lead over NIFTY 500 -10.2% · 1 year -29.4% · 25% evidence · 0 of 12 weeks ahead Exact sum: 24.3 + 18.1 + 18.2 + 8.6 = 69.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Alembic Ltd](https://www.sectoralpha.in/stocks/alembic-ltd) ALEMBICLTD · losing its lead · Evidence leans up · 84% evidence 62.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.1/35 · Income 8.1% · Profit 1.3% · 75% evidence Capital efficiency 18.3/25 · ROA 12.2% · ROE 13% · GNPA n/a · 72% evidence Valuation 16.3/20 · P/BV 0.92× · P/BV÷ROE 0.07 · 100% evidence Relative strength 17.5/20 · Lead over its industry 4.1% · Lead over NIFTY 500 -2% · 1 year -12.3% · 100% evidence · 9 of 12 weeks ahead Exact sum: 10.1 + 18.3 + 16.3 + 17.5 = 62.2 · What this means: Relative strength against the index is -2%, and revenue and profit growth are weak. 4. [Cholamandalam Financial Holdings Ltd](https://www.sectoralpha.in/stocks/cholamandalam-financial-holdings-ltd) CHOLAHLDNG · basing · Evidence leans up · 76% evidence 61.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.8/35 · Income 17.5% · Profit 24.3% · 55% evidence Capital efficiency 18.6/25 · ROA 2.2% · ROE 17.5% · GNPA n/a · 68% evidence Valuation 17.0/20 · P/BV 1.64× · P/BV÷ROE 0.09 · 100% evidence Relative strength 5.9/20 · Lead over its industry -6.3% · Lead over NIFTY 500 -12.1% · 1 year -29.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 19.8 + 18.6 + 17 + 5.9 = 61.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [TVS Holdings Ltd](https://www.sectoralpha.in/stocks/tvs-holdings-ltd) TVSHLTD · quiet · Evidence leans up · 75% evidence 56.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.2/35 · Income 35% · Profit 48.9% · 52% evidence Capital efficiency 13.9/25 · ROA 0.4% · ROE 30.6% · GNPA n/a · 68% evidence Valuation 10.8/20 · P/BV 3.68× · P/BV÷ROE 0.12 · 100% evidence Relative strength 7.3/20 · Lead over its industry -2.1% · Lead over NIFTY 500 -5.9% · 1 year -19.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 24.2 + 13.9 + 10.8 + 7.3 = 56.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Bajaj Finserv Ltd](https://www.sectoralpha.in/stocks/bajaj-finserv-ltd) BAJAJFINSV · quiet · Evidence leans up · 73% evidence 52.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.2/35 · Income 14.7% · Profit 10.5% · 45% evidence Capital efficiency 18.1/25 · ROA 4.9% · ROE 13.2% · GNPA n/a · 68% evidence Valuation 8.7/20 · P/BV 3.43× · P/BV÷ROE 0.26 · 100% evidence Relative strength 8.5/20 · Lead over its industry -1.3% · Lead over NIFTY 500 -7.1% · 1 year -20.1% · 100% evidence · 7 of 12 weeks ahead Exact sum: 17.2 + 18.1 + 8.7 + 8.5 = 52.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Bajaj Holdings & Investment Ltd](https://www.sectoralpha.in/stocks/bajaj-holdings-investment-ltd) BAJAJHLDNG · quiet · Too little evidence to rank firmly · 58% evidence 51.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.4/35 · Income 30.3% · Profit 5.6% · 45% evidence Capital efficiency 12.3/25 · ROA 0.6% · ROE 11.9% · GNPA n/a · 68% evidence Valuation 10.9/20 · P/BV 1.55× · P/BV÷ROE 0.13 · 100% evidence Relative strength 11.1/20 · Lead over its industry n/a · Lead over NIFTY 500 -0.6% · 1 year -17% · 25% evidence · 9 of 12 weeks ahead Exact sum: 17.4 + 12.3 + 10.9 + 11.1 = 51.7 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 8. [Rane Holdings Ltd](https://www.sectoralpha.in/stocks/rane-holdings-ltd) RANEHOLDIN · quiet · Too little evidence to rank firmly · 58% evidence 48.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.7/35 · Income 25.8% · Profit -50.8% · 45% evidence Capital efficiency 14.3/25 · ROA 4% · ROE 7% · GNPA n/a · 68% evidence Valuation 6.7/20 · P/BV 1.78× · P/BV÷ROE 0.25 · 100% evidence Relative strength 12.5/20 · Lead over its industry n/a · Lead over NIFTY 500 6.1% · 1 year -6.9% · 25% evidence · 5 of 12 weeks ahead Exact sum: 14.7 + 14.3 + 6.7 + 12.5 = 48.2 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 9. [Tata Investment Corporation Ltd](https://www.sectoralpha.in/stocks/tata-investment-corporation-ltd) TATAINVEST · quiet · Evidence leans down · 84% evidence 47.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.8/35 · Income 31.6% · Profit 31.4% · 75% evidence Capital efficiency 12.2/25 · ROA 1.3% · ROE 1.4% · GNPA n/a · 72% evidence Valuation 4.0/20 · P/BV 0.97× · P/BV÷ROE 0.67 · 100% evidence Relative strength 5.3/20 · Lead over its industry -5.6% · Lead over NIFTY 500 -11.2% · 1 year -29.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 25.8 + 12.2 + 4 + 5.3 = 47.3 · What this means: Earnings are strong; relative strength in its sector is -5.6% and the one-year return is -29.6%. 10. [JSW Holdings Ltd](https://www.sectoralpha.in/stocks/jsw-holdings-ltd) JSWHL · turning · Evidence leans down · 82% evidence 47.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.6/35 · Income 55.8% · Profit 61.6% · 86% evidence Capital efficiency 8.4/25 · ROA 0.5% · ROE 0.5% · GNPA n/a · 72% evidence Valuation 4.4/20 · P/BV 0.34× · P/BV÷ROE 0.74 · 70% evidence Relative strength 6.8/20 · Lead over its industry -14.6% · Lead over NIFTY 500 -19.7% · 1 year -33.5% · 100% evidence · 3 of 12 weeks ahead Exact sum: 27.6 + 8.4 + 4.4 + 6.8 = 47.2 · What this means: Earnings are strong; relative strength in its sector is -14.6% and the one-year return is -33.5%. 11. [Max India Ltd](https://www.sectoralpha.in/stocks/max-india-ltd) MAXIND · quiet · Too little evidence to rank firmly · 52% evidence 44.9 out of 100 Growth Capital Valuation Relative
12. [Godrej Industries Ltd](https://www.sectoralpha.in/stocks/godrej-industries-ltd) GODREJIND · quiet · Evidence leans down · 73% evidence 44.0 out of 100 Growth Capital Valuation Relative
13. [Vardhman Holdings Ltd](https://www.sectoralpha.in/stocks/vardhman-holdings-ltd) VHL · breaking out · Too little evidence to rank firmly · 58% evidence 41.9 out of 100 Growth Capital Valuation Relative
14. [Elcid Investments Ltd](https://www.sectoralpha.in/stocks/elcid-investments-ltd) ELCIDIN · basing · Evidence leans down · 78% evidence 38.0 out of 100 Growth Capital Valuation Relative
15. [Kalyani Investment Company Ltd](https://www.sectoralpha.in/stocks/kalyani-investment-company-ltd) KICL · quiet · Too little evidence to rank firmly · 54% evidence 32.1 out of 100 Growth Capital Valuation Relative
16. [Max Financial Services Ltd](https://www.sectoralpha.in/stocks/max-financial-services-ltd) MFSL · quiet · Most evidence points down · 88% evidence 31.7 out of 100 Growth Capital Valuation Relative
17. Maharashtra Scooters Ltd this page MAHSCOOTER · quiet · Most evidence points down · 73% evidence 31.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 7.1/35 · Income 0.3% · Profit -14.8% · 86% evidence Capital efficiency 9.7/25 · ROA 0.8% · ROE 1.1% · GNPA n/a · 72% evidence Valuation 4.7/20 · P/BV 0.41× · P/BV÷ROE 0.39 · 100% evidence Relative strength 10.0/20 · Lead over its industry n/a · Lead over NIFTY 500 -4.9% · 1 year -23.1% · 25% evidence · 6 of 12 weeks ahead Exact sum: 7.1 + 9.7 + 4.7 + 10 = 31.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 18. [Pilani Investment & Industries Corporation Ltd](https://www.sectoralpha.in/stocks/pilani-investment-industries-corporation-ltd) PILANIINVS · basing · Most evidence points down · 69% evidence 29.6 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Finance - Holding Company](https://www.sectoralpha.in/sectors/finance-holding-company), all 18 compared on one page. ## Which companies are close to Maharashtra Scooters in size? Maharashtra Scooters is the 8th largest of 18 Finance - Holding Company companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Tata Investment Corporation, Cholamandalam Financial Holdings and TVS Holdings. Just below it: JSW Holdings, Kama Holdings and Pilani Investment & Industries Corporation. ### Finance - Holding Company companies close in size

1. [Tata Investment Corporation Ltd](https://www.sectoralpha.in/stocks/tata-investment-corporation-ltd) ₹28,475 crore
2. [Cholamandalam Financial Holdings Ltd](https://www.sectoralpha.in/stocks/cholamandalam-financial-holdings-ltd) ₹25,374 crore
3. [TVS Holdings Ltd](https://www.sectoralpha.in/stocks/tvs-holdings-ltd) ₹24,671 crore
4. Maharashtra Scooters Ltd ₹13,274 crore
5. [JSW Holdings Ltd](https://www.sectoralpha.in/stocks/jsw-holdings-ltd) ₹12,100 crore
6. [Kama Holdings Ltd](https://www.sectoralpha.in/stocks/kama-holdings-ltd) ₹6,858 crore
7. [Pilani Investment & Industries Corporation Ltd](https://www.sectoralpha.in/stocks/pilani-investment-industries-corporation-ltd) ₹4,287 crore

[All 18 Finance - Holding Company companies, largest first](https://www.sectoralpha.in/sectors/finance-holding-company#all-companies)

### Companies close in size in other industries

1. [CIE Automotive India Ltd](https://www.sectoralpha.in/stocks/cie-automotive-india-ltd) ₹13,384 crore · Castings, Forgings & Fastners
2. [Arvind Ltd](https://www.sectoralpha.in/stocks/arvind-ltd) ₹13,346 crore · Textiles
3. Maharashtra Scooters Ltd ₹13,274 crore
4. [Punjab & Sind Bank](https://www.sectoralpha.in/stocks/punjab-sind-bank) ₹13,240 crore · Banks - PSU
5. [BASF India Ltd](https://www.sectoralpha.in/stocks/basf-india-ltd) ₹13,198 crore · Chemicals - Organic

## What else do people ask about Maharashtra Scooters? ### What is Maharashtra Scooters's share price today? Maharashtra Scooters Ltd's share price is ₹12,118.00, −19.8% over the past year. The whole company is worth ₹13,849 Cr on the market. In the last 52 weeks it traded between ₹11,387 to ₹14,705; today it is 22% of the way up from the low, 6.7% below its 200-day average (as of 3 November 2026). ### What were Maharashtra Scooters's latest quarterly results? Maharashtra Scooters Ltd reported total income of ₹297 Cr and net profit of ₹293 Cr for the Sep 2026 quarter. Income rose 9.6% and profit rose 9.7% compared with a year earlier. Earnings per share were ₹256.61. The net margin was 98.7%, 0.2 percentage points higher than a year earlier (as of 3 November 2026). ### What is Maharashtra Scooters's market cap? Maharashtra Scooters Ltd's market capitalisation is ₹13,849 Cr at a share price of ₹12,118.00. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Maharashtra Scooters performing? Maharashtra Scooters Ltd's share price has been falling for 2 weeks. In its latest quarter, income rose 9.6% and profit rose 9.7% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 2 weeks running (as of 3 November 2026). ### Will Maharashtra Scooters's share price go up? This page does not forecast Maharashtra Scooters Ltd's share price. What it shows instead: the share price is ₹12,118.00, and it has been falling for 2 weeks. Its P/BV of 0.4× is higher than 74% of its own last 10 years (as of 3 November 2026). ### Who owns Maharashtra Scooters? Promoters own 51.0% of Maharashtra Scooters Ltd, foreign institutions 6.3%, domestic institutions 3.8% and the public 38.9% (latest quarter). The biggest change over the last two years: Foreign institutions raised their stake by 1.6 percentage points over 8 quarters (as of 3 November 2026). ### Where is Maharashtra Scooters in its business cycle? Maharashtra Scooters Ltd's FY26 net margin was 99.4%, against a 13-year range of 30.0% to 1,200.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 98.7%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Maharashtra Scooters story? The main question: yearly earnings per share moved +44.9% while the share price moved −19.8%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Maharashtra Scooters a stock worth studying right now? What the numbers show: Maharashtra Scooters Ltd's earnings have grown faster than its share price. Earnings per share grew +44.9% in a year while the price moved −19.8%. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

- Dividend stocks: https://www.sectoralpha.in/dividend-stocks-india
- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india

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