Income Statement Maharashtra Corporation Limited

Stocks

MAHACORP6

INE272E01027

Textiles & Leather Goods

Delayed Bombay S.E. 00:35:32 2026-10-05 EDT			5-day change	1st Jan Change
0.2900 ^INR	+3.57%		0.00%	-32.56%

08-11	Maharashtra Corporation Limited Reports Earnings Results for the First Quarter Ended June 30, 2026	CI
05-29	Maharashtra Corporation Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2026	CI

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Published financial data: MAHARASHTRA CORPORATION LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Revenues	-	11.23M	7.8M	15.5M	450K
Total Revenues	-	11.23M	7.8M	15.5M	450K
Cost of Goods Sold, Total	-	-	-	-	-
Gross Profit	-	11.23M	7.8M	15.5M	450K
Selling General & Admin Expenses, Total	1.21M	723K	1.47M	2.9M	554K
Depreciation & Amortization - (IS)	817	321K	1.23M	1.83M	1.21M
Other Operating Expenses	5.39M	3.06M	3.7M	9.46M	3.34M
Other Operating Expenses, Total	6.6M	4.11M	6.4M	14.19M	5.1M
Operating Income	-6.6M	7.13M	1.4M	1.31M	-4.65M
Interest Expense, Total	-	-	-	-	-
Interest And Investment Income	12.96K	77K	149K	1K	646K
Net Interest Expenses	12.96K	77K	149K	1K	646K
Other Non Operating Income (Expenses)	-	-	-	-	-1K
EBT, Excl. Unusual Items	-6.59M	7.2M	1.55M	1.31M	-4M
EBT, Incl. Unusual Items	-6.59M	7.2M	1.55M	1.31M	-4M
Income Tax Expense	-	-	-	235K	-342K
Earnings From Continuing Operations	-6.59M	7.2M	1.55M	1.08M	-3.66M
Net Income to Company	-6.59M	7.2M	1.55M	1.08M	-3.66M
Net Income - (IS)	-6.59M	7.2M	1.55M	1.08M	-3.66M
Net Income to Common Incl Extra Items	-6.59M	7.2M	1.55M	1.08M	-3.66M
Net Income to Common Excl. Extra Items	-6.59M	7.2M	1.55M	1.08M	-3.66M
Per Share Items
Net EPS - Basic	-0.05	0.02	0.01	0	-0.01
Basic EPS - Continuing Operations	-0.05	0.02	0.01	0	-0.01
Basic Weighted Average Shares Outstanding	135M	293M	293M	293M	621M
Net EPS - Diluted	-0.05	0.02	0.01	0	-0.01
Diluted EPS - Continuing Operations	-0.05	0.02	0.01	0	-0.01
Diluted Weighted Average Shares Outstanding	135M	293M	293M	293M	621M
Normalized Basic EPS	-0.03	0.02	0	0	-0
Normalized Diluted EPS	-0.03	0.02	0	0	-0
Supplemental Items
EBITDA	-6.6M	7.45M	3.5M	3.14M	-3.44M
EBITA	-6.6M	7.13M	1.4M	1.31M	-4.65M
EBIT	-6.6M	7.13M	1.4M	1.31M	-4.65M
Total Revenues (As Reported)	12.96K	11.31M	7.95M	15.5M	1.1M
Effective Tax Rate - (Ratio)	-	-	-	17.9	8.54
Current Domestic Taxes	-	-	-	-	-342K
Total Current Taxes	-	-	-	235K	-342K
Normalized Net Income	-4.12M	4.5M	968K	821K	-2.5M
Supplemental Operating Expense Items
Advertising Expense	18.9K	48K	24K	510K	24K
Selling and Marketing Expenses	18.9K	48K	24K	510K	24K

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Assets
Cash And Equivalents	4.28M	896K	10.14M	193K	600K
Total Cash And Short Term Investments	4.28M	896K	10.14M	193K	600K
Accounts Receivable, Total	64.93M	49.31M	42.27M	42.27M	41.37M
Total Receivables	64.93M	49.31M	42.27M	42.27M	41.37M
Inventory	15.48M	28.46M	29.5M	28.46M	15.48M
Deferred Tax Assets Current	8.86K	9K	9K	116K	116K
Other Current Assets, Total	4.94M	149M	454M	1.08M	1.2M
Total Current Assets	89.64M	227M	535M	72.12M	58.76M
Gross Property Plant And Equipment	590K	7.37M	7.52M	490M	503M
Accumulated Depreciation	-582K	-903K	-2.14M	-3.51M	-4.72M
Net Property Plant And Equipment	7.91K	6.46M	5.38M	487M	498M
Long-term Investments	7.96M	7.96M	7.96M	16.58M	19.08M
Loans Receivable Long-Term	21.75M	36.07M	61.34M	33.22M	33.8M
Deferred Tax Assets Long-Term	-	-	-	115K	-
Other Long-Term Assets, Total	2.33M	7.92M	7.78M	7.62M	7.12M
Total Assets	122M	286M	618M	616M	617M
Liabilities
Accounts Payable, Total	1.53M	867K	40K	125K	462K
Accrued Expenses, Total	-	-	50K	945K	64K
Short-term Borrowings	-	-	-	-2.8M	2.79M
Current Income Taxes Payable	125K	112K	-	-	-
Other Current Liabilities	21K	84K	787K	-139K	-358K
Total Current Liabilities	1.68M	1.06M	877K	-1.87M	2.96M
Deferred Tax Liability Non Current	-	-	-	-	59K
Other Non Current Liabilities	-	-2K	-6.58M	342K	-
Total Liabilities	1.68M	1.06M	-5.7M	-1.53M	3.02M
Common Stock, Total	135M	293M	624M	621M	621M
Retained Earnings	-15.34M	-8.13M	-	-3.04M	-6.7M
Comprehensive Income and Other	-	-	-	-1K	-
Total Common Equity	120M	285M	624M	618M	614M
Total Equity	120M	285M	624M	618M	614M
Total Liabilities And Equity	122M	286M	618M	616M	617M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	135M	632M	621M	621M	621M
ECS Total Common Shares Outstanding	135M	632M	621M	621M	621M
Book Value / Share	0.89	0.45	1	1	0.99
Tangible Book Value	120M	285M	624M	618M	614M
Tangible Book Value Per Share	0.89	0.45	1	1	0.99
Total Debt	0	0	0	-2.8M	2.79M
Net Debt	-4.28M	-896K	-10.14M	-2.99M	2.19M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Work In Process, Total	-	12.98M	14.03M	12.98M	-
Inventories - Finished Goods, Total	-	-	15.48M	15.48M	15.48M
Inventories - Others	-	15.48M	-	-	-
Land - (BS)	-	-	-	483M	496M
Machinery, Total	590K	7.37M	7.52M	7.06M	7.06M

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Net Income	-6.59M	7.2M	1.55M	1.08M	-3.66M
Depreciation & Amortization - CF	817	321K	2.1M	1.83M	1.21M
Depreciation & Amortization, Total	817	321K	2.1M	1.83M	1.21M
Other Operating Activities, Total	-4M	-	838K	264K	1K
Change In Accounts Receivable	17.33M	15.62M	7.04M	-	900K
Change In Inventories	-	-	-	-	500K
Change In Accounts Payable	-962K	-662K	-827K	85K	336K
Change In Deferred Taxes	-18.45K	-	-112K	-107K	175K
Change in Other Net Operating Assets	-736K	-176M	-306M	478M	13.93M
Cash from Operations	5.02M	-154M	-296M	481M	13.38M
Capital Expenditure	-	-6.78M	-152K	-491M	-12.98M
Other Investing Activities, Total	-1.24M	-	-	-	-
Cash from Investing	-1.24M	-6.78M	-152K	-491M	-12.98M
Long-Term Debt Repaid, Total	-	-	-25.59M	-	-
Total Debt Repaid	-	-	-25.59M	-	-
Issuance of Common Stock	475K	157M	331M	-	-
Cash from Financing	475K	157M	305M	-	-
Net Change in Cash	4.26M	-3.38M	9.24M	-9.94M	407K
Supplemental Items
Cash Income Tax Paid (Refund)	-	-	-	-235K	-
Levered Free Cash Flow	7.5M	-144M	-296M	-34.8M	-1.68M
Unlevered Free Cash Flow	7.5M	-144M	-296M	-34.8M	-1.68M
Change In Net Working Capital	-11.63M	142M	299M	-453M	-13M
Net Debt Issued / Repaid	-	-	-25.59M	-	-

Fiscal Period: March	2022 (INR)	2023 (INR)	2024 (INR)	2025 (INR)	2026 (INR)
Profitability
Return on Assets	-3.22	2.19	0.19	0.13	-0.47
Return on Total Capital	-3.28	2.2	0.19	0.17	-0.47
Return On Equity %	-5.35	3.56	0.34	0.23	-0.59
Return on Common Equity	-5.35	3.56	0.34	0.23	-0.59
Margin Analysis
Gross Profit Margin %	-	100	100	100	100
SG&A Margin	-	6.44	18.87	18.71	123.11
EBITDA Margin %	-	66.3	44.85	20.26	-764.89
EBITA Margin %	-	63.44	17.95	8.46	-1.03K
EBIT Margin %	-	63.44	17.95	8.46	-1.03K
Income From Continuing Operations Margin %	-	64.13	19.86	6.95	-813.78
Net Income Margin %	-	64.13	19.86	6.95	-813.78
Net Avail. For Common Margin %	-	64.13	19.86	6.95	-813.78
Normalized Net Income Margin	-	40.08	12.41	5.29	-556.11
Levered Free Cash Flow Margin	-	-1.28K	-3.8K	-224.53	-372.58
Unlevered Free Cash Flow Margin	-	-1.28K	-3.8K	-224.53	-372.58
Asset Turnover
Asset Turnover	-	0.06	0.02	0.03	0
Fixed Assets Turnover	-	3.47	1.32	0.06	0
Receivables Turnover (Average Receivables)	-	0.2	0.17	0.37	0.01
Inventory Turnover (Average Inventory)	-	-	-	-	-
Short Term Liquidity
Current Ratio	53.51	213.78	610.56	-38.59	19.87
Quick Ratio	41.32	47.23	59.75	-22.72	14.19
Operating Cash Flow to Current Liabilities	3	-144.86	-337.4	-257.34	4.53
Days Sales Outstanding (Average Receivables)	-	1.86K	2.15K	995.39	33.92K
Days Outstanding Inventory (Average Inventory)	-	-	-	-	-
Average Days Payable Outstanding	-	-	-	-	-
Cash Conversion Cycle (Average Days)	-	-	-	-	-
Long Term Solvency
Total Debt/Equity	-	-	-	-0.45	0.45
Total Debt / Total Capital	-	-	-	-0.46	0.45
Total Liabilities / Total Assets	1.38	0.37	-0.92	-0.25	0.49
EBIT / Interest Expense	-	-	-	-	-
EBITDA / Interest Expense	-	-	-	-	-
(EBITDA - Capex) / Interest Expense	-	-	-	-	-
Total Debt / EBITDA	-	-	-	-0.89	-0.81
Net Debt / EBITDA	0.65	-0.12	-2.9	-0.95	-0.64
Total Debt / (EBITDA - Capex)	-	-	-	0.01	-0.17
Net Debt / (EBITDA - Capex)	0.65	-1.34	-3.03	0.01	-0.13
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	-	-30.57	98.72	-97.1
Gross Profit, 1 Yr. Growth %	-	-	-30.57	98.72	-97.1
EBITDA, 1 Yr. Growth %	5.28K	-212.78	-53.03	-10.21	-209.58
EBITA, 1 Yr. Growth %	5.22K	-207.9	-80.35	-6.29	-454.34
EBIT, 1 Yr. Growth %	5.22K	-207.9	-80.35	-6.29	-454.34
Earnings From Cont. Operations, 1 Yr. Growth %	-11.74K	-209.28	-78.5	-30.41	-439.39
Net Income, 1 Yr. Growth %	-11.74K	-209.28	-78.5	-30.41	-439.39
Normalized Net Income, 1 Yr. Growth %	-11.74K	-209.28	-78.5	-15.24	-404.72
Diluted EPS Before Extra, 1 Yr. Growth %	-11.75K	-150.52	-78.5	-30.41	-439.49
Accounts Receivable, 1 Yr. Growth %	-21.06	-24.05	-14.28	0	-2.13
Inventory, 1 Yr. Growth %	0	83.83	3.69	-3.56	-45.6
Net Property, Plant and Equip., 1 Yr. Growth %	-9.36	80.7K	-16.72	8.94K	2.42
Total Assets, 1 Yr. Growth %	-9.62	134.77	116.32	-0.25	0.14
Tangible Book Value, 1 Yr. Growth %	-5.21	137.16	119.13	90.58	-0.59
Common Equity, 1 Yr. Growth %	-5.21	137.16	119.13	90.58	-0.59
Cash From Operations, 1 Yr. Growth %	-7.15K	-3.17K	92.16	-262.54	-97.22
Capital Expenditures, 1 Yr. Growth %	-	-	-97.76	323K	-97.36
Levered Free Cash Flow, 1 Yr. Growth %	-326.33	-2.01K	106.37	-88.26	-95.18
Unlevered Free Cash Flow, 1 Yr. Growth %	-326.56	-2.01K	106.37	-88.26	-95.18
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	67.72	-	17.46	-75.98
Gross Profit, 2 Yr. CAGR %	-	218.53	-	17.46	-75.98
EBITDA, 2 Yr. CAGR %	167.82	678.73	-27.22	-35.06	-0.8
EBITA, 2 Yr. CAGR %	167.52	657.64	-53.96	-57.09	82.23
EBIT, 2 Yr. CAGR %	167.52	657.64	-53.96	-57.09	82.23
Earnings From Cont. Operations, 2 Yr. CAGR %	200.12	1.03K	-51.53	-61.32	53.76
Net Income, 2 Yr. CAGR %	200.12	1.03K	-51.53	-61.32	53.76
Normalized Net Income, 2 Yr. CAGR %	200.12	1.03K	-51.53	-57.31	60.78
Diluted EPS Before Extra, 2 Yr. CAGR %	200.13	667.3	-67.04	-61.32	5.57
Accounts Receivable, 2 Yr. CAGR %	-8.92	-22.57	-19.31	-7.42	-1.07
Inventory, 2 Yr. CAGR %	0.54	35.58	38.06	0	-27.57
Net Property, Plant and Equip., 2 Yr. CAGR %	-11.36	2.62K	2.49K	767.74	862.41
Total Assets, 2 Yr. CAGR %	-2.88	45.67	125.36	46.9	-0.05
Tangible Book Value, 2 Yr. CAGR %	-2.62	49.94	127.97	47.35	37.64
Common Equity, 2 Yr. CAGR %	-2.62	49.94	127.97	47.35	37.64
Cash From Operations, 2 Yr. CAGR %	572.9	4.55K	667.83	76.73	-78.73
Capital Expenditures, 2 Yr. CAGR %	-	-	-	751.1	823.95
Levered Free Cash Flow, 2 Yr. CAGR %	376.95	558.23	528.51	-50.77	-92.48
Unlevered Free Cash Flow, 2 Yr. CAGR %	376.95	558.55	528.51	-50.77	-92.48
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	25	-	-65.78
Gross Profit, 3 Yr. CAGR %	-	-	91.7	-	-65.78
EBITDA, 3 Yr. CAGR %	82	100.75	205.39	-21.94	-22.68
EBITA, 3 Yr. CAGR %	81.8	97.66	124.24	-41.65	-13.27
EBIT, 3 Yr. CAGR %	81.8	97.66	124.24	-41.65	-13.27
Earnings From Cont. Operations, 3 Yr. CAGR %	92.41	114.32	201.27	-45.32	-20.19
Net Income, 3 Yr. CAGR %	92.41	114.32	201.27	-45.32	-20.19
Normalized Net Income, 3 Yr. CAGR %	92.41	114.32	201.27	-41.6	-17.78
Diluted EPS Before Extra, 3 Yr. CAGR %	92.42	65.72	133.05	-57.72	-37.89
Accounts Receivable, 3 Yr. CAGR %	-9.23	-14.27	-19.9	-13.33	-5.69
Inventory, 3 Yr. CAGR %	0.36	22.94	23.99	22.5	-18.37
Net Property, Plant and Equip., 3 Yr. CAGR %	-13.63	762.6	751.14	3.83K	325.65
Total Assets, 3 Yr. CAGR %	-4.01	30.35	66.19	71.75	29.28
Tangible Book Value, 3 Yr. CAGR %	-1.94	31.02	70.15	72.68	29.23
Common Equity, 3 Yr. CAGR %	-1.94	31.02	70.15	72.68	29.23
Cash From Operations, 3 Yr. CAGR %	130.54	1.02K	1.51K	357.61	-55.71
Capital Expenditures, 3 Yr. CAGR %	-	-	-	-	24.18
Levered Free Cash Flow, 3 Yr. CAGR %	118.69	657.96	347.16	66.78	-77.31
Unlevered Free Cash Flow, 3 Yr. CAGR %	118.67	657.96	347.31	66.78	-77.31
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	-	91.36	-	-	-35.38
Gross Profit, 5 Yr. CAGR %	-	-10.13	-	-	-16.48
EBITDA, 5 Yr. CAGR %	192.75	-18.07	26.14	27.82	94.76
EBITA, 5 Yr. CAGR %	176.88	-18.8	4.96	7.29	106.38
EBIT, 5 Yr. CAGR %	176.88	-18.8	4.96	7.29	106.38
Earnings From Cont. Operations, 5 Yr. CAGR %	127.98	-18.31	10.85	8.05	130.2
Net Income, 5 Yr. CAGR %	127.98	-18.31	10.85	8.05	130.2
Normalized Net Income, 5 Yr. CAGR %	111.15	-18.31	10.85	12.4	134.35
Diluted EPS Before Extra, 5 Yr. CAGR %	128.03	-29.99	-5	-7.4	69.78
Accounts Receivable, 5 Yr. CAGR %	-3.29	-10.99	-13.41	-11.59	-12.84
Inventory, 5 Yr. CAGR %	0.21	13.19	14.01	13.19	-0
Net Property, Plant and Equip., 5 Yr. CAGR %	-18.44	232.43	237.57	764.65	793.98
Total Assets, 5 Yr. CAGR %	-4.91	15.54	35.05	36.73	35.6
Tangible Book Value, 5 Yr. CAGR %	-4.11	17.29	37.42	37.32	37.15
Common Equity, 5 Yr. CAGR %	-4.11	17.29	37.42	37.32	37.15
Cash From Operations, 5 Yr. CAGR %	55.76	211.92	273.04	433.91	185
Levered Free Cash Flow, 5 Yr. CAGR %	0.18	45.27	233.6	153.91	-12.74
Unlevered Free Cash Flow, 5 Yr. CAGR %	0.18	45.27	233.58	153.91	-12.72