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Bajaj Group holding company whose main value is its stakes in Bajaj Auto and Bajaj Finserv, with minimal own operations.
Bajaj Group holding company whose main value is its stakes in Bajaj Auto and Bajaj Finserv, with minimal own operations.
Earns almost all its income as dividends from its stakes in Bajaj Auto and Bajaj Finserv, so its profits mirror how much those two groups pay out. It began as a scooter maker, which has since shrunk to almost nothing, leaving the holdings as the business.
Moat: none. Value derives from listed group stakes, not from its own now-minimal scooter manufacturing.
Headquarters: Pune, India · Founded: 1975 · Employees: 5
Size Maharashtra Scooters (MAHSCOOTER.NS) is an India Industrials company (Financial Conglomerates) with a market value of $1.46B, the 478th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹12,060 on 6 Nov 2026.
Performance Over six months the shares fell 6.3%, against 0.0% for the median peer and 0.0% for the India market (cap-weighted) — 10th lowest of 20 in its peer set.
Growth Revenue grew 0.7% over the last twelve months (peer median +16.4%); the operating margin is 98.6% (peer median 12.1%).
Valuation It trades at 43.2× enterprise value to sales against a peer median of 3.8× (2nd most expensive of 20).
Capital Return on invested capital runs 12.4 points below its cost of capital (13.1% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹3.16B | ₹3.13B | ₹1.84B | ₹2.21B | ₹2.15B |
| Revenue growth | — | +70% | -17% | +3% | — |
| Gross profit | n/a | n/a | ₹1.79B | ₹2.03B | ₹1.93B |
| EBITDA | ₹3.11B | ₹3.10B | ₹1.74B | ₹2.02B | ₹1.92B |
| Net income | ₹3.05B | ₹3.11B | ₹2.14B | ₹1.99B | ₹1.95B |
| Free cash flow | n/a | n/a | ₹1.59B | ₹1.97B | ₹2.01B |
| Capital expenditure | n/a | ₹0 | ₹0 | ₹1.50M | ₹15.8M |
| Total debt | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Maharashtra Scooters MAHSCOOTER.NS | $1.46B | -6% | +1% | 99% | 43.2× | n/a |
| Bajaj Holdings & Investment BAJAJHLDNG.NS | $13.0B | +4% | -14% | 80% | n/a | n/a |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | MAHSCOOTER.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.1% | -4.8% | 6th highest of 20 |
| 6-month return | -6.3% | 0.0% | 10th lowest of 20 |
| Distance from 52-week high | -27.0% | -25.5% | 9th lowest of 20 |
| Revenue growth (TTM) | +0.7% | +16.4% | lowest of 21 |
| Operating margin | 98.6% | 12.1% | highest of 21 |
| EV / Sales | 43.2× | 3.8× | 2nd most expensive of 20 |
| ROIC minus cost of capital | -12.4 pp | -2.0 pp | 4th lowest of 20 |
| EV / EBITDA | 43.8× | 19.0× | 4th most expensive of 18 |
| Net debt / EBITDA | -0.6× | -0.4× | 6th least indebted of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Maharashtra Scooters MAHSCOOTER.NS | India | $1.46B | -6% | +1% | 99% | 43.2× | n/a | n/a |
| Crompton Greaves Consumer Electricals CROMPTON.NS | India | $1.47B | -26% | +12% | 8% | 1.6× | 20.5% | +11.0% |
| Action Construction Equipment ACE.NS | India | $1.47B | +29% | +5% | 15% | 4.1× | 29.6% | +21.7% |
| DCM Shriram DCMSHRIRAM.NS | India | $1.47B | -29% | +14% | 7% | 1.0× | 16.6% | +10.7% |
| Inox Wind INOXWIND.NS | India | $1.49B | -39% | +17% | 15% | 3.2× | n/a | n/a |
| Century Plyboards (India) CENTURYPLY.NS | India | $1.50B | -20% | +26% | 10% | 2.6× | n/a | n/a |
| Amara Raja Energy & Mobility ARE&M.NS | India | $1.41B | -19% | +16% | 6% | 0.9× | n/a | n/a |
| Shreeji Shipping Global SHREEJISPG.NS | India | $1.53B | +111% | +21% | 24% | 19.1× | n/a | n/a |
| Concord Biotech CONCORDBIO.NS | India | $1.40B | +2% | +4% | 28% | 10.9× | 47.1% | +11.6% |
| Usha Martin USHAMART.NS | India | $1.54B | 0% | +9% | 17% | 3.8× | 23.1% | +12.0% |
| Swan Defence and Heavy Industries SWANDEF.NS | India | $1.54B | +48% | +642% | -109% | 49.9× | 57.1% | +113.9% |
| Aequs AEQUS.NS | India | $1.56B | +8% | +33% | -7% | 10.3× | n/a | n/a |
| Kirloskar Brothers KIRLOSBROS.NS | India | $1.37B | -8% | +11% | 9% | 2.5× | 33.9% | +10.8% |
| V-Guard Industries VGUARD.NS | India | $1.35B | -12% | +22% | 8% | 1.8× | 19.3% | +17.0% |
| eClerx Services ECLERX.NS | India | $1.59B | 0% | +22% | 20% | 3.2× | 17.2% | +21.4% |
| Central Mine Planning & Design Institute CMPDI.NS | India | $1.34B | -15% | +10% | 33% | 4.8× | 4.0% | +18.7% |
| Avalon Technologies AVALON.NS | India | $1.34B | +51% | +44% | 10% | 7.2× | n/a | n/a |
| Ramkrishna Forgings RKFORGE.NS | India | $1.34B | +12% | +25% | 9% | 3.0× | n/a | n/a |
| Bonfiglioli Transmissions BONFIG.NS | India | $1.33B | n/a | +9% | 16% | n/a | n/a | n/a |
| Ingersoll-Rand (India) INGERRAND.NS | India | $1.33B | -13% | +8% | 23% | 8.6× | 34.1% | +17.6% |
| Apollo Micro Systems APOLLO.NS | India | $1.63B | +32% | +77% | 21% | 13.3× | n/a | n/a |