Maharashtra Scooters Ltd Q1 FY26: Bajaj Ke Shares Pe Scooter Ki Speed?
Date of Publishing -
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1. At a Glance
Maharashtra Scooters Ltd (MSL) is a scooter manufacturer-turned-Bajaj share hoarder with an identity crisis. Q1 FY26 revenue jumped to ₹29 Cr (from ₹8 Cr YoY), net profit at ₹35 Cr — all mostly due to dividends and investment income. The actual business? Making jigs and fixtures. Cute.
2. Introduction with Hook
If Berkshire Hathaway ever bought a toolbox and just stared at it for 20 years, you’d get Maharashtra Scooters.
P/E: 87.6x (because earnings are allergic to growth)
Book Value: ₹27,005… Stock price: ₹14,815… That’s right, a discount!
It’s like buying a ₹100 note for ₹55, and then burning the ₹45 just to keep things fair.
3. Business Model (WTF Do They Even Do?)
MSL manufactures pressure die-cast parts and fixtures, but that’s just for fun. The real show?
90%+ of assets invested in Bajaj Group shares
Registered as an unregistered Core Investment Company (because irony is free)
Basically, an NBFC in denial — dressed up as a factory worker.
“Think of it as a financial mannequin holding spanners.”
