Maharashtra Scooters Analysis

dividend

Pros

• Dividends per share have increased over the past 10 years.
• Dividends paid are well covered by earnings (3.1x coverage).
• Maharashtra Scooters's pays a higher dividend yield than the bottom 25% of dividend payers in India (0.76%).

Cons

• Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
• Maharashtra Scooters's dividend is below the markets top 25% of dividend payers in India (3.08%).

health

Pros

• Maharashtra Scooters is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
• Maharashtra Scooters is profitable, therefore cash runway is not a concern.
• Maharashtra Scooters is profitable, therefore cash runway is not a concern.
• Maharashtra Scooters has no debt, it does not need to be covered by operating cash flow.
• Maharashtra Scooters has no debt, it does not need to be covered by short term assets.
• Maharashtra Scooters's cash and other short term assets cover its long term commitments.
• Maharashtra Scooters has not taken on any debt in the past 5 years.
• Maharashtra Scooters has no debt, therefore coverage of interest payments is not a concern.
• Maharashtra Scooters has no debt.
• Low level of unsold assets.

Cons

management

Pros

• The tenure for the Maharashtra Scooters board of directors is about average.
• Shriniwas's remuneration is lower than average for companies of similar size in India.

Cons

• The average tenure for the Maharashtra Scooters management team is less than 2 years, this suggests a new team.

misc

Pros

Cons

• Maharashtra Scooters is not covered by any analysts.
• Maharashtra Scooters has significant price volatility in the past 3 months.

past

Pros

• Maharashtra Scooters's 1-year earnings growth exceeds its 5-year average (147.2% vs 11.9%)
• Maharashtra Scooters's year on year earnings growth rate has been positive over the past 5 years.
• Maharashtra Scooters has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
• Maharashtra Scooters's earnings growth has exceeded the IN Auto industry average in the past year (147.2% vs 5.5%).

Cons

• Maharashtra Scooters used its assets less efficiently than the IN Auto industry average last year based on Return on Assets.
• Maharashtra Scooters has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).

value

Pros

• Maharashtra Scooters is good value based on assets compared to the IN Auto industry average.
• Maharashtra Scooters is good value based on earnings compared to the IN Auto industry average.
• BSE:500266 is up 16.6% outperforming the Auto industry which returned 10.7% over the past month.
• BSE:500266 is up 16.6% outperforming the market in India which returned 8% over the past month.

Cons

• Maharashtra Scooters's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
• Maharashtra Scooters's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
• Maharashtra Scooters is overvalued based on earnings compared to the India market.
• 500266 underperformed the Auto industry which returned -17.2% over the past year.
• 500266 underperformed the Market in India which returned -14.5% over the past year.