Majestic Research Services and Solutions share price

BSE: 539229Diversified

Majestic Research Services and Solutions Limited · Face value ₹10 · Listed Jul 2015

Trading suspended since 28 Feb 2023

Last traded ₹4.38 on 27 Feb 2023

Latest announcements

Routine notices left out.

Share price history

Daily closes since Jul 2015, adjusted for splits and bonuses

Daily close, ₹ per share

Results for the half year to Mar 2026

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

Revenue
₹0.00 Cr
Operating profit
−₹0.09 Cr
Net profit
−₹0.09 Cr
Earnings per share
−₹0.09

From revenue to net profit, ₹ crore

  1. Revenue0.0
  2. Employee costs0.0
  3. Other expenses−0.1
  4. Operating profit−0.1
  5. Depreciation0.0
  6. Other income0.0
  7. Finance costs0.0
  8. Profit before tax−0.1
  9. Tax0.0
  10. Net profit−0.1

Majestic Research Services and Solutions results by half year

Standalone: the listed company alone, without its subsidiaries. Latest half year to Mar 2026. Results for the half year to Sep 2026 are due by 14 Nov 2026, 45 days after it ends. Every company's dates are on the results calendar.

Revenue and net profit by half year, ₹ crore

  • Revenue
  • Net profit
  • Loss
Sep 23Mar 24Sep 24Mar 250−15Sep 250−0.1Mar 26
Peak revenue ₹0.00 Cr, half year to Sep 2025

Operating and net margin by half year, per cent

  • Operating margin
  • Net margin
₹ croreSep 2021Mar 2022Sep 2022Mar 2023Sep 2023Mar 2024Sep 2024Mar 2025Sep 2025Filed 8 JulMar 2026Filed 8 Jul
Revenue from operations0.5–––––––0.00.0
4.8–––––––0.20.1
Materials and goods bought––––––––0.00.0
Employee costs––––––––0.00.0
Other expenses––––––––0.20.1
Operating profit before depreciation−4.2–––––––−0.2−0.1
Operating margin−831.4%–––––––––
Depreciation and amortisation0.7–––––––0.00.0
Other income––––––––0.00.0
Finance costs0.0–––––––0.00.0
Profit before one-off items and tax−5.0–––––––−0.2−0.1
One-off items––––––––−15.20.0
Profit before tax−5.0–––––––−15.4−0.1
Tax––––––––0.00.0
Net profit−5.0–––––––−15.4−0.1
Net margin−976.5%–––––––––
Earnings per share−₹4.97–––––––−₹30.70−₹0.09
Earnings per share in rupees, restated for later splits and bonuses. No results on record for the half years to Mar 2022, Sep 2022, Mar 2023, Sep 2023, Mar 2024, Sep 2024 and Mar 2025.

10 years at a glance

Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March.

Revenue, net profit and borrowings, ₹ crore

  • Revenue
  • Net profit
  • Borrowings
  • Loss
234.6Mar 174611Mar 1856108.4Mar 19Mar 200.6−2313Mar 21Mar 22Mar 23Mar 24Mar 250−158.9Mar 26
Peak revenue ₹56 Cr, year to Mar 2019; lowest ₹0.00 Cr, year to Mar 2026A loss in 2 of the 5 years with results on record

Operating and net margin, per cent

  • Operating margin
  • Net margin
37.2%−3,941.3%32.5%37.2%−3,538.4%20.2%23.7%18.5%−3,941.3%Mar 17Mar 19Mar 21Mar 23Mar 25Mar 26

Results for the year to Mar 2026

Standalone: the listed company alone, without its subsidiaries. ₹ crore.

From revenue to net profit

  1. Revenue0.0
  2. Employee costs0.0
  3. Other expenses−0.3
  4. Operating profit−0.3
  5. Depreciation0.0
  6. Other income0.0
  7. One-off items−15
  8. Finance costs0.0
  9. Profit before tax−15
  10. Tax0.0
  11. Net profit−15

What the company owns

  • Plant, investments and other assets₹6 Cr
  • Cash and bank₹0 Cr

What pays for it: net worth and liabilities

  • Borrowings₹9 Cr
  • Owed to suppliers₹0 Cr

Profit and loss

Standalone, ₹ crore, years to March. No results on record for the years to Mar 2020, Mar 2022, Mar 2023, Mar 2024 and Mar 2025.

₹ croreMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Filed 8 Jul
Revenue from operations22.946.256.3–0.6––––0.0
15.529.0––20.8––––0.3
Materials and goods bought––31.2–0.0––––0.0
Employee costs––––0.1––––0.0
Other expenses––––20.7––––0.3
Operating profit before depreciation7.517.2––−20.3––––−0.3
Operating margin32.5%37.2%––−3,538.4%–––––
Materials, % of revenue––––0.0%–––––
Employee costs, % of revenue––––14.0%–––––
Other expenses, % of revenue––––3,624.4%–––––
Depreciation and amortisation0.20.9––2.3––––0.0
Operating profit after depreciation7.216.3––−22.6––––−0.3
Other income0.00.20.0–0.0––––0.0
Finance costs0.30.91.4–0.0––––0.0
Profit before one-off items and tax7.015.514.7–−22.6––––−0.2
One-off items––––0.0––––−15.2
Profit before tax7.015.514.7–−22.6––––−15.5
2.44.64.3–0.0––––0.0
Net profit4.611.010.4–−22.6––––−15.5
Net margin20.2%23.7%18.5%–−3,941.3%–––––
Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the years to Mar 2017 and Mar 2018 they do not, so they are left blank. Operating expenses, operating profit before depreciation and operating profit after depreciation are left blank for the year to Mar 2019: the statement does not state its depreciation, which operating profit is worked out from, so operating profit is not given.

Balance sheet

Standalone, ₹ crore, at 31 March.

₹ croreMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Filed 8 Jul
41.7–13.2––––−2.5
Share capital10.0–10.0––––10.0
Reserves31.7–3.2––––−12.5
8.4–13.1––––8.9
20.0–22.7––––0.1
6.5–8.4––––8.9
Total assets68.1–44.4––––6.5
17.5–10.4––––6.4
50.7–34.0––––0.1
Net debt5.7–10.6––––8.9
Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Cash flow

Standalone, ₹ crore, years to March.

₹ croreMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Filed 8 Jul
0.1––––11.7
20.3––––26.5
Receivables20.4––––20.3
Payables0.0––––0.1
Other working capital0.0––––6.1
Capital spending0.0––––0.0
Free cash flow0.1––––11.7
Cash from investing0.0––––3.1
−0.1––––−17.1
Dividends paid0.0––––0.0
Shares bought back0.0––––0.0
Shares issued0.0––––0.0
Net change in cash0.0––––−2.3
Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2017, Mar 2018 and Mar 2019.

Per share

Standalone, ₹ per share, years to March.

₹ per shareMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Filed 8 Jul
₹5.27₹10.95₹10.37–−₹22.50––––−₹15.44
As stated that year₹10.54₹10.95₹10.37–−₹22.50––––−₹15.44
₹5.27₹10.95₹10.37–−₹22.50––––−₹15.44
Dividend per share–₹0.50––––––––
Book value per share––₹41.57–₹13.19–––––
Shareholder yield––––0.0%–––––
Market cap at the year end (₹ crore)––36.8–6.7–––––
Every year is restated for later splits and bonuses, so they do not break the line. The figure the company stated that year is under each line it differs from.

Ratios

Standalone, years to March.

RatioMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Filed 8 Jul
Revenue growth106.0%101.5%21.9%–––––––
Operating profit growth–130.1%––––––––
Net profit growth143.7%136.6%−5.1%–––––––
Earnings per share growth–107.8%−5.3%–––––––
Return on equity––24.9%–−170.6%–––––
Return on capital employed––––−85.8%––––−4.3%
Interest cover27.217.8––––––––
Debt to equity––0.20–0.99–––––
Receivable days––266–12,913–––––
Inventory days––0–––––––
Working capital days––195–8,661–––––
Asset turnover––0.83–0.01––––0.00
Assets per rupee of net worth––1.63–3.36––––−2.64
Sales per rupee of plant––4.17–0.09––––0.00
Capital spending to depreciation––––0.00–––––
Plant being built, % of plant in use––––0.0%––––0.0%
Interest cover is left blank for the years to Mar 2021 and Mar 2026: operating profit after depreciation is a loss, and a loss covers no interest bill. Debt to equity is left blank for the year to Mar 2026: net worth is below zero, so there is no shareholders' money to set the borrowings against. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Mar 2026.

Return on assets, latest year
−237.8%

Where the cash came from and went

Standalone: the listed company alone, without its subsidiaries. ₹ crore, added up over each window, which ends with the year to Mar 2026.

₹ croreLatest year
Cash from operations11.7
Cash from investing3.1
Cash from financing−17.1
Capital spending0.0
Dividends paid0.0
Shares bought back0.0
Shares issued for cash0.0
Borrowings raised0.8
Borrowings repaid17.9

Accounting checks

Standalone, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

CheckMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Altman Z-scorePublished threshold 1.1−1.08––––−22.48
A threshold marked as ours has no published figure; it is the line we read the check against.

Business segments

In the year to Mar 2026 the company reports one business segment, Trading, which carries all its revenue.

Majestic Research Services and Solutions dividend calendar

Each payment in the month it went ex, as declared, ₹ a share at the time. Years running counted to the year to Mar 2026.

Dividends by the month each went ex
YearJanFebMarAprMayJunJulAugSepOctNovDecIn the year
2017₹0.50Not added up

Interim or final dividendSpecial dividendNone that month

Dividends by year

The share of each year's profit paid out, for the year it was paid for.

Share of profit paid out, %, where the year's results are on record

Mar 17Mar 18Mar 19Mar 20Mar 21Mar 22Mar 23Mar 24Mar 25Mar 26

Majestic Research Services and Solutions dividend history

Every payment with its ex-date and record date, year by year.

2017

  • Nov21Tue

    ₹0.50Interim

    Ex-date 21 Nov 2017 · record date 22 Nov 2017

    0.14%of the price

Grouped by the calendar year each went ex, so a year's total here can differ from the year it was paid for above. Of the price is the dividend as a share of the close on the session before its ex-date.

Majestic Research Services and Solutions share price by year

Each calendar year to 2023.

YearClose at year endChangeHighest closeLowest close
20234.38−7.2%4.954.38
20224.72−53.6%10.713.78
202110.17+1.5%11.595.10
202010.02−46.6%17.854.77
201918.75−61.2%49.858.45
201848.35−85.3%336.0035.55
2017330.00+344.3%405.0073.30
201674.28+114.0%87.4329.08
201534.70–34.707.35
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2015 is from its first session, 16 Jul 2015. The close is the year's last trade for 2023 (27 Feb 2023) and 2015 (18 Dec 2015).

Recent sessions

The 10 trading days to 27 Feb 2023, as traded on BSE.

DateOpenHighLowCloseAverage priceVolume
27 Feb 20234.824.844.384.384.535,400
20 Feb 20234.704.704.404.614.633,000
13 Feb 20234.484.484.484.484.481,200
6 Feb 20234.274.714.274.714.382,400
30 Jan 20234.724.724.494.494.571,800
23 Jan 20234.314.724.314.724.622,400
16 Jan 20234.494.804.494.504.5235,400
9 Jan 20234.734.744.714.724.736,600
2 Jan 20234.954.954.494.954.799,000
26 Dec 20224.724.724.724.724.723,600
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.

Ex-dateEventPrice factorWhat happened
10 Oct 2017Bonus0.5000Holders received 1 bonus share for every 1 held.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

Company details

BSE code
539229
ISIN
INE196R01012
Industry
Diversified
CIN
L72200KA2012PLC063818
Corporate identity number, the registrar of companies' code for it
Incorporated
2012
Registered office
2nd, Floor, Kalpak Arcade, Number 46/17, Church Street, Bengaluru 560001, Karnataka
Share registrar
Bigshare Services Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments