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Maha Rashtra Apex Corporation Limited (MAHAPEXLTD) fair value: what the stock is really worth

As of Oct 1, 2026: fair value of Maha Rashtra Apex Corporation Limited ₹103, price ₹50.18, upside +105.6%, quality 37 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
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Financial Services · IN · ISIN INE843B01013

MR Thin data Sep 27, 2026

Maha Rashtra Apex Corporation Limited

MAHAPEXLTD · NSE

Cheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.

✓Fair value ₹103.16 · Strongly undervalued (+105.6%)
!Quality 37/100
!Mixed Growth (revenue 5y +9.1 %/yr)
!Loss-making · -144.9% net margin (TTM)
!Low debt · negative free cash flow
!Mixed vs. peers (4/9)
!Narrow moat 15/100
!Evidence only low, so the estimate is less certain
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What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

₹208.32 ₹43.53 Fair Value ₹103.16 Jun 2021 Oct 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.

How to read this chart

60‑month range ₹43.53 – ₹208.32 · fair‑value band ₹76.99 – ₹153.96 · the ₹50.18 price screens below the ₹103.16 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 27, 2026.

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Company profile

Maha Rashtra Apex Corporation Limited does not have significant operations. Previously, the company was engaged in the hire purchase and leasing business. The company was formerly known as Maharashtra Apex Bank Ltd. Maha Rashtra Apex Corporation Limited was incorporated in 1943 and is based in Manipal, India.

Stock analysis

Maha Rashtra Apex Corporation Limited (MAHAPEXLTD) currently trades at ₹50.18, while our model-based Fair Value estimate is ₹103.16, implying the stock looks roughly 51.4% undervalued today.

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Valuation

How firm this estimate is: it rests on 1 models at a data quality of 96/100, which puts the evidence level at low.

Scenario range: ₹76.99 (bear) to ₹153.96 (bull), the price of ₹50.18 sits below it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.

Quality & growth

The Quality Score stands at 37/100 (below-average quality), in the Financial Services sector.

Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.

Maha Rashtra Apex Corporation Limited reported revenue of ₹47.4M in FY2026 versus ₹38.9M in FY2022, a compound +5.1%/yr. Reported net income was −₹68.7M in FY2026.

Key figures

Market cap ₹1.3B (≈ $13.3M) · P/S ratio 27.1 · EPS (TTM) ₹−4.87 · Net margin −145% · Return on equity −1.5% · Return on assets (EBIT) 0.7% · Operating margin −44.4% · Revenue (TTM) ₹47.4M.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).

What moves the price

The share trades about 57% below its 52-week high and 15% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at 10% fair-value upside, at 106%, MAHAPEXLTD screens cheaper than that median.

Fair Value models

Bear ₹76.99 Fair Value ₹103.16 Bull ₹153.96
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds. Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
NCAV (Graham) ₹81.42 ₹109.10 ₹162.83 54
All 1 models by family
Asset-Based
NCAV (Graham) ₹81.42 ₹109.10 ₹162.83 54

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Quality Score breakdown

Overall quality 37/100

Of which business quality 40 · Market factors (momentum, volatility) 33

Profitability 6
Margins and returns on capital today
Quality Growth 51
Are margins and returns improving?
Cashflow 8
Earnings quality: real cash, not paper profit
Fin. Strength 76
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 37
Price trend over the last 3–12 months (market factor)
52W Momentum 5
Distance to the 52-week high (market factor)
Net Issuance 81
Share count: buybacks or dilution?

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Revenue & earnings trend

Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card. 25/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+30.6%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+9.1%
Start year 2021 (pandemic). Over 10 years: +24.0% a year
Revenue growth 18 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.5%
Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
−22.4% (2020) → −109.2% (2025)
What shareholders gained per year ⓘWe only publish this rate when it is defensible. Reason: fiscal 2026 is a loss year, no rate is defined from a loss
not computed

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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Credit Services · 331 stocks

Beats the industry median on 3/7 measures
A mixed picture versus its industry peers.
Valuation
Quality Score 40 · Bottom 25%
Fair Value upside +105.6% · Top 25%
Profitability
Return on assets −1.3% · Bottom 25%
Net margin (TTM) −144.9% · Bottom 25%
Operating margin (TTM) −44.4% · Bottom 25%
Growth and dividend
Revenue growth 143.8% · Top 25%

Valuation Multiplesvs Credit Services median · lower = cheaper

P/S (TTM) 0.28× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 51
FUTURE (revenue growth)100 · sector 47
PAST (return on equity)0 · sector 32
HEALTH (low debt)100 · sector 59
DIVIDEND (yield)0 · sector 65

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Credit Services stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Visa Inc V $359.33 $221.29 −38%
Mastercard Incorporated MA $551.47 $359.54 −35%
American Express Company AXP $304.10 $208.54 −31%
Capital One Financial Corporation COF $193.07 $125.94 −35%
Bajaj Finance Limited BAJFINANCE ₹996.90 ₹1,100 +10%
PayPal Holdings PYPL $55.04 $104.12 +89%
Shriram Finance Limited SHRIRAMFIN ₹994.10 ₹1,364 +37%
Affirm Holdings AFRM $67.21 $73.93 +10%
Synchrony Financial, SYF $71.52 $141.92 +98%
SoFi Technologies, Inc SOFI $15.72 $5.53 −65%

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Cite: Fair Value Calculator (2026). "Maha Rashtra Apex Corporation Limited Fair Value". https://www.fairvalue-calculator.com/stock/MAHAPEXLTD

Frequently asked questions

Is Maha Rashtra Apex Corporation Limited (MAHAPEXLTD) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹103.16 versus a price of ₹50.18, about +106% upside (undervalued).
What is the fair value of MAHAPEXLTD?
Our model-based fair value for Maha Rashtra Apex Corporation Limited is ₹103.16 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹50.18.
What is the quality score of MAHAPEXLTD?
Maha Rashtra Apex Corporation Limited has a Quality Score of 37/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Maha Rashtra Apex Corporation Limited (MAHAPEXLTD)?
Our model-based price target is the fair value of ₹103.16 (as of Sep 27, 2026) from 1 valuation models. Cautious scenario ₹76.99, optimistic scenario ₹153.96. It is a calculation from audited fundamentals, not an analyst target.
What is the Maha Rashtra Apex Corporation Limited stock forecast for 2026?
Our models put fair value at ₹103.16, about +106% upside versus a price of ₹50.18 (undervalued). Cautious scenario ₹76.99, optimistic scenario ₹153.96. The calculation is refreshed regularly with new filings.
What is the revenue of Maha Rashtra Apex Corporation Limited (MAHAPEXLTD)?
Maha Rashtra Apex Corporation Limited reported trailing-twelve-month revenue of about ₹47.4M (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of Maha Rashtra Apex Corporation Limited (MAHAPEXLTD)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Maha Rashtra Apex Corporation Limited it is ₹103.16 per share (as of Sep 27, 2026), against a price of ₹50.18. It is the blended result of 1 valuation models (cash flow, earnings, asset, dividend).
Is Maha Rashtra Apex Corporation Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, MAHAPEXLTD trades below its calculated fair value: price ₹50.18, fair value ₹103.16, a gap of about +106% (undervalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of MAHAPEXLTD?
No. The price is what the market pays today (₹50.18); the fair value is what the company's own numbers justify (₹103.16). For Maha Rashtra Apex Corporation Limited the two are ₹52.98 per share apart. That gap is exactly why we show both numbers side by side.
How much is Maha Rashtra Apex Corporation Limited worth?
The market values Maha Rashtra Apex Corporation Limited at about ₹1.3B (market capitalisation, as of Sep 27, 2026). Per share that is ₹50.18; our models calculate a fair value of ₹103.16 per share.
What do the bullish and bearish scenarios say about MAHAPEXLTD?
Our models span a range for Maha Rashtra Apex Corporation Limited: cautious scenario ₹76.99, base ₹103.16, optimistic ₹153.96 per share (as of Sep 27, 2026, price ₹50.18). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Maha Rashtra Apex Corporation Limited (MAHAPEXLTD)?
Balance-sheet figures for Maha Rashtra Apex Corporation Limited (as of Sep 27, 2026): return on equity −1.5%. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is MAHAPEXLTD from its 52-week high?
Maha Rashtra Apex Corporation Limited trades at ₹50.18, about 57% below its 52-week high of ₹115.66 and 15% above the low of ₹43.53 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹103.16 is for.
Which stocks are comparable to Maha Rashtra Apex Corporation Limited?
From the same area (Financial Services) we also value Visa Inc, Mastercard Incorporated, American Express Company, Capital One Financial Corporation, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Maha Rashtra Apex Corporation Limited stock attractive at the current price?
The data as of Sep 27, 2026: price ₹50.18, calculated fair value ₹103.16 (+106%), Quality Score 37/100, from 1 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of MAHAPEXLTD calculated?
We run Maha Rashtra Apex Corporation Limited through 1 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹103.16, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Maha Rashtra Apex Corporation Limited currently trades 51 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Maha Rashtra Apex Corporation Limited (MAHAPEXLTD)?
The closing price on Oct 1, 2026 was ₹50.18. Our model-based fair value is ₹103.16, about +106% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Maha Rashtra Apex Corporation Limited right now?
The large discount to fair value meets weak quality (37/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (₹76.99). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (₹76.99 to ₹153.96) leaves room in how you read the outcome.

Key figures of Maha Rashtra Apex Corporation Limited

How large is the market capitalisation of Maha Rashtra Apex Corporation Limited (MAHAPEXLTD)?
The market capitalisation of Maha Rashtra Apex Corporation Limited is ₹1.3B (≈ $13.3M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Maha Rashtra Apex Corporation Limited (MAHAPEXLTD)?
The price-to-sales ratio of Maha Rashtra Apex Corporation Limited is 27.1 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Maha Rashtra Apex Corporation Limited (MAHAPEXLTD)?
Earnings per share at Maha Rashtra Apex Corporation Limited are ₹−4.87. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Maha Rashtra Apex Corporation Limited (MAHAPEXLTD)?
The net margin of Maha Rashtra Apex Corporation Limited is −145% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Maha Rashtra Apex Corporation Limited (MAHAPEXLTD)?
The return on equity (ROE) of Maha Rashtra Apex Corporation Limited is −1.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Maha Rashtra Apex Corporation Limited (MAHAPEXLTD)?
On an EBIT basis the return on assets of Maha Rashtra Apex Corporation Limited is 0.7% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Maha Rashtra Apex Corporation Limited (MAHAPEXLTD)?
The operating margin of Maha Rashtra Apex Corporation Limited is −44.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Maha Rashtra Apex Corporation Limited (MAHAPEXLTD)?
Revenue at Maha Rashtra Apex Corporation Limited is growing +144% versus a year earlier (3y avg +30.6%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Maha Rashtra Apex Corporation Limited (MAHAPEXLTD)?
Earnings per share at Maha Rashtra Apex Corporation Limited are growing +98.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Maha Rashtra Apex Corporation Limited (MAHAPEXLTD) generate?
The free cash flow of Maha Rashtra Apex Corporation Limited is −₹728K (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Maha Rashtra Apex Corporation Limited (MAHAPEXLTD) hold?
Maha Rashtra Apex Corporation Limited holds more cash than debt, ₹31.3M net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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