Now an Unregistered Core Investment Company (CIC) of the Bajaj group, it has wound down its manufacturing operations and earns essentially all of its revenue from its equity portfolio. In the segment snapshot for the period ending 31 December 2024, the Investment segment made up 97.5% of segment revenue with a 100% EBIT margin, while Manufacturing contributed 1.6% and ran at a loss. FY26 revenue of ₹312.76 crore was driven mainly by dividend income of ₹28,602 lakh on holdings in Bajaj group firms, with net profit of ₹310.56 crore because materials, capex and employee costs are minimal. Total assets stood at ₹30,791 crore with no debt on the balance sheet. The Board has approved removing the old scooter-manufacturing objects from the MOA and adding a renewable-energy clause covering solar and wind, alongside a proposed company name change to reflect its CIC status. Q1 FY27 revenue fell to ₹541 lakh from ₹2,927 lakh a year earlier because no dividend was booked that quarter versus ₹2,277 lakh previously. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Investment (98%), Manufacturing (2%), Unallocable (1%). Bajaj-group core investment company; essentially a financial-asset holding entity with negligible operating cost base.
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 17 | 216 | 223 | 183 | 313 |
| EBITDA (ex other income) | (3) | 194 | 203 | 215 | 309 |
| margin % | (17.8) | 89.5 | 91.3 | 117.5 | 98.6 |
| Owners' profit | 143 | 195 | 199 | 214 | 311 |
| EPS, as reported (₹) | 124.87 | 170.88 | 174.40 | 187.60 | 271.70 |
| ROE % · ROCE % | 0.6 · 0.7 | 1.0 · — | 0.7 · — | 0.7 · — | 1.1 · — |
| Debt / equity (x) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (38) | 209 | 206 | 159 | 267 |
| Capex | (0) | (2) | (0) | 0 | 0 |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 163 | 6 | 7 | 29 | 271 | 6 | 6 | 5 |
| Profit before tax | 161 | 4 | 62 | 28 | 270 | 6 | 5 | 5 |
| Net profit | 151 | 3 | 52 | 35 | 267 | 4 | 4 | 3 |
| EPS (₹) | 132.30 | 2.90 | 45.20 | 30.90 | 233.70 | 3.60 | 3.50 | 2.91 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| JIO FIN SERVICES LTD | 1,51,806 | 71.4 | 1.13 | 64.0 | 1.2 | — | — | 70.7 |
| ADITYA BIRLA CAPITAL LTD. | 1,08,001 | 25.2 | 2.94 | 6.3 | 10.5 | — | 18.8 | 40.8 |
| L&T FINANCE LIMITED | 77,411 | 24.3 | 2.76 | 6.7 | 10.6 | — | 5.5 | 62.3 |
| TATA INVESTMENT CORP LTD | 32,839 | 76.2 | 1.12 | 90.8 | 1.5 | — | 19.5 | 92.6 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 8 Sept 2026 · Board to consider interim dividend on 15 Sep 2026 | corporate actions | high | — | — |
| 1 Sept 2026 · Registered office shifted to Viman Nagar, Pune | general | low | — | — |
| 29 Aug 2026 · Postal Ballot: Name Change and Object Clause Amendment | compliance | minimal | — | — |
| 28 Aug 2026 · Maharashtra Scooters to rename as Bajaj Nivesh; postal ballot for renewable energy pivot | board shareholder meetings | low | — | — |
| 30 Jul 2026 · AGM results: all 3 resolutions passed, Rs 60 dividend declared | board shareholder meetings | low | — | — |
| 29 Jul 2026 · AGM held on 29 Jul 2026; final dividend of Rs 60 per share declared | board shareholder meetings | low | — | — |
| 29 Jul 2026 · Q1 results, MOA amendment for renewable energy, name change proposed | general | medium | — | — |
| 29 Jul 2026 · Board approves Q1 results, MOA amendment and name change proposal | general | medium | — | — |
| 29 Jul 2026 · Maharashtra Scooters Q1 FY27 results; name change and MOA amendment approved | results | high | — | — |
| 13 Jul 2026 · Maharashtra Scooters Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30 June 2026 | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| CHOLAMANDALAM FIN HOL LTD |
| 28,902 |
| 10.8 |
| 0.85 |
| 0.9 |
| 16.2 |
| — |
| 23.0 |
| 58.4 |
| TVS HOLDINGS LIMITED | 26,292 | 13.3 | 2.04 | 2.4 | 26.3 | — | 23.4 | 16.4 |
| MAHARASHTRA SCOOTERS LTD ◆ | 14,802 | 53.1 | 0.54 | — | 1.1 | — | — | 84.1 |
| JSW HOLDINGS LIMITED | 12,763 | 92.9 | 0.39 | 78.3 | 0.4 | — | 14.1 | 84.0 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 53.1 | 23.7 | 41 of 52 | 22% |
| P/B | 0.5 | 0.7 | 25 of 60 | 58% |
| ROE | 1.1 | 1.3 | 38 of 67 | 44% |
| Debt / Equity | 0.0 | 0.0 | 1 of 67 | 15% |
| EBITDA margin | 84.1 | 61.6 | 22 of 62 | 66% |
| Revenue growth | (81.5) | 13.6 | 53 of 56 | 6% |
| Profit growth | (90.6) | 10.7 | 55 of 66 | 17% |
| Market cap | 14802 | 376 | 7 of 65 | 91% |
| A rating (BUY / ADD / REDUCE / SELL) |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
