Maharashtra Scooters share price
NSE: MAHSCOOTERBSE: 500266FinanceSmall Cap
Maharashtra Scooters Limited · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Apr 1978 on BSE, Feb 1995 on NSE
Last close ₹11,701.00down ₹4.00 (0.03%)BSE ₹11,684.80
Share price at the NSE close on 28 Oct 2026. Previous close ₹11,705.00.
28 Oct: open ₹11,705.00, high ₹11,773.00, low ₹11,634.00
52-week range of traded prices to 28 Oct 2026
₹10,901.00Low, 2 Apr 2026₹16,520.00High, 28 Oct 2025
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹13,373 Cr433rd largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 43.88
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 0.41
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 1.88%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 0.9%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 1.0%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Sep 2026.
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 1,08755.6% delivered
About Maharashtra Scooters
Maharashtra Scooters Limited is a Bajaj Group investment company based in Pune.12 It is an unregistered core investment company (a holding company that keeps most of its assets in shares of its own group and need not register with the Reserve Bank of India), earning its income from dividends, interest and gains on the investments it holds.23 It has no plants and keeps a single office for administration.45
A minimum of 90% of its assets is invested in the Bajaj Group, and the balance, its accumulated surpluses, in debt and other instruments.2 It reports a single business segment, investments, and has no subsidiary, associate or joint venture.36 It has fewer than 10 employees.1
The company was incorporated on 11 June 1975.2 It stopped making geared scooters in 2006 and closed its tool room operations in the year to Mar 2025.7 Bajaj Holdings & Investment Ltd, its holding company, owns 51% of its shares, and Sanjiv Bajaj is its chairman.89
Maharashtra Scooters key points
Results
- In the year to Mar 2026, the company's total income was ₹31,324 lakh and its profit after tax ₹31,056 lakh.1011
- In the quarter to Jun 2026, the company's profit after tax was ₹332 lakh, against ₹3,536 lakh a year earlier.11
- Profit for the year to Mar 2026 includes ₹769 lakh of the previous year's tax provision written back (reversed), under section 80M of the Income Tax Act, 1961 (which lets a company deduct dividends it passes on to its shareholders).12
Dividends
- For the year to Mar 2026, the board of Maharashtra Scooters declared an interim dividend of ₹160 per share on 15 September 2025 and recommended a final dividend of ₹60 per share on 22 April 2026.1516
- Maharashtra Scooters' total dividend pay-out for the year to Mar 2026, including the interim dividend, would be ₹25,142 lakh.16
Recent events
- On 29 July 2026, the board approved deleting the scooter manufacturing clauses from the company's objects and adding the generation of renewable energy from solar, wind and other natural resources, subject to members' approval.1718
- On 29 July 2026, the board of Maharashtra Scooters also approved a proposal to change the company's name, subject to the approval of members and of statutory and regulatory authorities.18
- On 27 March 2026, the company bought shares of Bajaj Finance and Bajaj Auto; its filings give the cumulative shareholding acquired up to that date as 3.0576% of Bajaj Finance and 2.4787% of Bajaj Auto.192021
- V Rajagopalan and Ravikumar Srinivasan became joint managing directors of Maharashtra Scooters on 1 August 2025, for 5 consecutive years.22
Last updated
All 22 sources, each with its page
- 1. Annual report, 4 Jul 2026, page 84
- 2. Annual report, 4 Jul 2026, page 20
- 3. Annual report, 4 Jul 2026, page 39
- 4. Annual report, 4 Jul 2026, page 66
- 5. Annual report, 4 Jul 2026, page 69
- 6. Annual report, 4 Jul 2026, page 21
- 7. Exchange filing, 29 Jul 2026, page 1
- 8. Annual report, 4 Jul 2026, page 70
- 9. Annual report, 4 Jul 2026, page 111
- 10. Annual report, 4 Jul 2026, page 20
- 11. Exchange filing, 29 Jul 2026, page 5
- 12. Exchange filing, 29 Jul 2026, page 6
- 13. Annual report, 4 Jul 2026, page 39
- 14. Annual report, 4 Jul 2026, page 66
- 15. Annual report, 4 Jul 2026, page 20
- 16. Annual report, 4 Jul 2026, page 21
- 17. Exchange filing, 29 Jul 2026, page 1
- 18. Exchange filing, 29 Jul 2026, page 2
- 19. Exchange filing, 27 Mar 2026, page 2
- 20. Exchange filing, 27 Mar 2026, page 2
- 21. Exchange filing, 27 Mar 2026, page 3
- 22. Annual report, 4 Jul 2026, page 21
Results
Standalone; ₹ crore.Maharashtra Scooters quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +0.8%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- −14.7%
Quarter to Sep 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹297 Crup 5,396.49%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹293 Crup 8,733.43%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 98.6%
Revenue by quarter
Peak revenue ₹297 Cr, quarter to Sep 2026; lowest ₹5.41 Cr, quarter to Jun 2026
Net profit by quarter, a loss in red
| ₹ crore | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 6 | 7 | 29 | 271 | 6 | 6 | 5 | 297 |
| Net profit | 3 | 52 | 35 | 267 | 4 | 4 | 3 | 293 |
| Net margin | 57.0% | 776.4% | 120.8% | 98.5% | 64.0% | 66.5% | 61.4% | 98.6% |
Standalone. The last eight quarters. The latest is shaded.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹313 Crup 70.60%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹311 Crup 44.88%
- Net margin
- 99.3%
Revenue by year
Peak revenue ₹313 Cr, year to Mar 2026; lowest ₹8.50 Cr, year to Mar 2017
Net profit by year, a loss in red
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 9 | 13what Revenue, Mar 2018, includes. This period's revenue includes excise duty of ₹0.31 crore, a tax on the goods the company makes that it collects and pays to the government. | 15 | 15 | 15 | 17 | 216 | 223 | 183 | 313 |
| Net profit | 13 | 61 | 73 | 180 | 9 | 143 | 195 | 199 | 214 | 311 |
| Net margin | 147.8% | 480.7% | 502.1% | 1,170.0% | 57.7% | 830.2% | 90.3% | 89.5% | 116.9% | 99.3% |
Standalone. Years to March. The latest is shaded.
Business segments
In the year to Mar 2026 the company reports one business segment, Investment, which carries all its revenue.
Valuation
Today, against the company's own history.Maharashtra Scooters PE ratio and valuation
Price to earnings
At or below today's level on 43% of 2,475 trading days over the last 10 years.
LowestHighest
Its median46.61Industry median20.21
Price to book
At or below today's level on 69% of 1,983 trading days since Oct 2018.
LowestHighest
Its median0.37Industry median0.70
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 75% of 2,471 trading days over the last 10 years.
LowestHighest
Its median1.46%Industry median0.64%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | +2.4% | +44.8% | −31.7% | 3.4% |
| 3 years | +40.4% | +16.7% | +18.2% | 2.4% |
| 5 years | +28.2% | +103.9% | −38.4% | 2.7% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1 year includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2025.
Mutual fund holdings
3 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before.
- AddedAdded. Funds that held more shares than at the end of the month before.
- 1
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 2
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 6
| Fund | |||
|---|---|---|---|
 Parag Parikh ELSS Tax Saver FundPPFAS Mutual Fund | 2,36,313 | 5.50% | ₹297.2 Cr |
| Parag Parikh Flexi Cap FundPPFAS Mutual Fund | 1,12,626 | 0.10% | ₹141.6 Cr |
 Motilal Oswal BSE 1000 Index FundMotilal Oswal Mutual Fund | 16 | 0.03% | ₹0.02 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Promoter and insider buying and selling
Trades made since 29 Oct 2025.Maharashtra Scooters insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade · 1 pledge filing of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
Maharashtra Scooters competitors and peers
Investment Company, 73 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Maharashtra Scooters in market cap.Finance companies
Where the company sits among the companies nearest its size
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
 L&T FinanceLTF | 61,782 | 18.05 | 2.11 | +20.1% | +26.8% | 12.3% | – | 2.27% | 8.46% | 1.12% |
 Tata Investment CorporationTATAINVEST | 28,412 | 65.94 | 0.97 | +31.0% | +31.6% | 1.4% | 1.2% | – | – | 0.61% |
 Cholamandalam Financial HoldingsCHOLAHLDNG | 24,488 | 9.18 | 1.58 | +17.8% | +21.1% | 19.1% | – | 2.23% | 6.78% | 0.10% |
 TVS HoldingsTVSHLTD | 23,973 | 11.09 | 3.58 | +34.8% | +49.4% | 35.4% | 15.5% | – | – | 0.73% |
 JSW HoldingsJSWHL | 12,445 | 90.59 | 0.38 | −26.7% | – | 0.4% | – | 0.40% | 0.33% | 0.00% |
 TSF INVESTMENTSTSFINV | 9,044 | 18.58 | 1.50 | +282.6% | +6.1% | 8.4% | 3.3% | – | – | 2.74% |
 Religare EnterprisesRELIGARE | 7,385 | 149.02 | 2.54 | +19.1% | −57.8% | 1.8% | 0.2% | – | – | 0.00% |
 Pilani Investment and Industries CorporationPILANIINVS | 4,336 | – | 0.27 | −14.6% | −119.7% | −0.1% | – | 0.16% | 0.20% | 0.23% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record; for ROCE and EV/EBITDA, where the company is a lender or an insurer; for NIM and ROA, where the company does not file a lender's accounts or has no recent year with a balance sheet at its start and its end. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page. ROA is the year's profit over average total assets. NIM is net interest income over average loans and investments.
Dividends
Per share, by the year it was paid for, and the latest payments.Maharashtra Scooters dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossaryHighest ₹380.00 a share, year to Mar 2026.
| Ex-date | Type | Per share |
|---|---|---|
| 21 Sep 2026 | Dividend | ₹160.00 |
| 30 Jun 2026 | Dividend | ₹60.00 |
| 22 Sep 2025 | Interim | ₹160.00 |
| 27 Jun 2025 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹30.00 |
| 27 Jun 2025 | Special | ₹30.00 |
| 25 Sep 2024 | Interim | ₹110.00 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Maharashtra Scooters announcements
Oct 2026
19 Oct · Amendment to AOA/MOA
5 Oct · Board meeting
Sep 2026
28 Sep · Meeting
Maharashtra Scooters share price by year
Each calendar year to 2025.Maharashtra Scooters share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 14,223.00 | +47.8% | 18,018.00 | 9,057.05 |
| 2024 | 9,620.95 | +29.7% | 12,533.15 | 6,804.35 |
| 2023 | 7,419.30 | +61.0% | 8,362.10 | 4,102.25 |
| 2022 | 4,607.10 | +21.4% | 5,502.85 | 3,377.35 |
| 2021 | 3,794.75 | 0.0% | 4,814.65 | 3,349.80 |
| 2020 | 3,794.25 | −14.7% | 4,806.65 | 1,840.90 |
| 2019 | 4,449.15 | +40.1% | 4,913.95 | 3,074.20 |
| 2018 | 3,175.55 | +15.0% | 3,228.95 | 2,129.30 |
| 2017 | 2,760.70 | +71.2% | 3,253.25 | 1,573.20 |
| 2016 | 1,612.15 | +14.6% | 2,047.80 | 1,106.55 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 11,861.00 | 11,984.00 | 11,565.00 | 11,705.00 | 11,740.95 | 3,518 | 45.1% |
| 26 Oct 2026 | 11,861.00 | 11,984.00 | 11,661.00 | 11,836.00 | 11,862.15 | 5,431 | 60.8% |
| 23 Oct 2026 | 12,027.00 | 12,246.00 | 11,693.00 | 11,862.00 | 11,838.28 | 5,734 | 53.3% |
| 22 Oct 2026 | 12,041.00 | 12,715.00 | 11,915.00 | 12,282.00 | 12,262.51 | 12,439 | 13.6% |
| 21 Oct 2026 | 12,306.00 | 12,365.00 | 11,927.00 | 11,999.00 | 12,069.47 | 2,570 | 44.4% |
| 19 Oct 2026 | 12,488.00 | 12,488.00 | 12,200.00 | 12,286.00 | 12,334.77 | 1,028 | 48.6% |
| 16 Oct 2026 | 12,408.00 | 12,609.00 | 12,150.00 | 12,401.00 | 12,497.38 | 3,233 | 50.8% |
| 15 Oct 2026 | 12,433.00 | 12,488.00 | 12,328.00 | 12,408.00 | 12,409.23 | 4,294 | 77.1% |
| 14 Oct 2026 | 12,470.00 | 12,485.00 | 12,348.00 | 12,436.00 | 12,437.96 | 2,319 | 40.3% |
Prices in ₹ per share as traded, not adjusted.
Company details
- NSE symbol
- MAHSCOOTER
- BSE code
- 500266
- ISIN
- INE288A01013
- Industry
- Finance
- Website
- www.mahascooters.com
- CIN
- L35912MH1975PLC018376
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1975
- Registered office
- 6th Floor, Bajaj Finserv House, Off Pune - Ahmednagar Road, Viman Nagar, 411014, Maharashtra
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments