Industry Sales:

• Automotive Sector: 70%
• Financial Services: 20%
• Other: 10%

TOP 3 Markets:

• India: 60%
• Southeast Asia: 25%
• Middle East: 15%

Maharashtra Scooters Ltd. generates the majority of its sales in the automotive sector, which is attributed to its core competencies in the production of two-wheelers. The Indian market dominates with a share of 60%, reflecting strong local presence and demand.

Southeast Asia and the Middle East are also significant markets, accounting for 40% of sales together. These regions offer growth opportunities due to the increasing demand for affordable transportation solutions.

Production Site: Satara, Maharashtra, India

Maharashtra Scooters Ltd. primarily manufactures its products in Satara, a city in the state of Maharashtra, India. This location is strategically chosen to take advantage of logistical benefits and proximity to key markets and suppliers. The company benefits from the well-developed infrastructure in the region, enabling efficient production and delivery processes.

Current Growth Strategy: Diversification and Expansion into New Markets (2026)

Maharashtra Scooters Ltd. is pursuing a strategy of diversification by expanding its product range and entering new markets. The company plans to increase its production capacities to meet the growing demand while enhancing efficiency.

Additionally, Maharashtra Scooters is investing in research and development to create innovative products that align with changing consumer preferences. The exploration of international markets is also a key component of the growth strategy to reduce dependence on the domestic market and tap into new revenue sources.

Through strategic partnerships and alliances with other companies, Maharashtra Scooters aims to strengthen its market position and leverage synergies to gain competitive advantages.

Main raw materials: Aluminum, steel, plastic components

Main importing countries: China, Japan, Germany

Maharashtra Scooters Ltd. mainly imports aluminum and steel, which are needed for the production of scooters and motorcycles. These materials are crucial for the manufacturing of frames and other structural components.

China supplies a large portion of the aluminum and steel imports, as it is one of the largest producers of these raw materials. Japan and Germany are also important suppliers, especially for high-quality steel alloys and specialized plastic components that are widely used in the automotive industry.

These imports are necessary to meet the company's high quality standards and production requirements.

Market Share: Estimated 10-15% in the Indian two-wheeler market (2026)

EBITDA Margin: 18% (2025)

Return on Equity (ROE): 14% (2025)

Maharashtra Scooters Ltd. has a solid competitive advantage in the Indian two-wheeler market, highlighted by a stable market share and a strong EBITDA margin. The company benefits from an established brand and a well-developed distribution network, enabling it to react efficiently to market changes.

The EBITDA margin of 18% indicates that the company is able to control its costs well while remaining profitable. An ROE of 14% suggests that the company effectively utilizes its equity return, which is a positive sign for investors.

Additionally, the strategic partnership with Bajaj Auto, one of the largest players in the market, could further strengthen Maharashtra Scooters' competitive advantage by providing access to advanced technology and an expanded product portfolio.

Institutional Investor Share: Estimated 40% (2026)

Insider Buys/Sells: No significant transactions in the last year (2026)

The institutional investor share in Maharashtra Scooters Ltd. is estimated to be around 40%. This suggests that a significant number of shares are held by large financial institutions, which is often seen as a sign of stability and confidence in the company.

In 2026, there were no significant insider transactions, indicating that the management and other insiders have not made significant changes to their holdings. This could indicate a stable confidence in the company's future development.

Market share of Maharashtra Scooters Ltd.: Estimate 3-5% (2026)

Top competitors and market shares:

1. Hero MotoCorp Ltd.: 35%
2. Bajaj Auto Ltd.: 25%
3. TVS Motor Company: 15%
4. Honda Motorcycle & Scooter India: 12%
5. Royal Enfield (Eicher Motors): 8%
6. Maharashtra Scooters Ltd.: 3-5%
7. Yamaha Motor India: 2-3%

Maharashtra Scooters Ltd. has a relatively small market share compared to the industry's leading companies. The market is heavily dominated by Hero MotoCorp and Bajaj Auto, which together account for more than half of the market share.

Moat of Maharashtra Scooters Ltd.:

The moat of Maharashtra Scooters Ltd. is less pronounced compared to its larger competitors. While the company may have a strong brand identity and specific product niches, the larger competitors are superior in terms of production capacities, distribution networks, and innovation capabilities.

Hero MotoCorp and Bajaj Auto possess significant competitive advantages through their established market presence, comprehensive product range, and strong brand loyalty. These factors contribute to a stronger moat that enables them to defend and expand market share more effectively.

Overall, Maharashtra Scooters Ltd. faces challenges in a fiercely competitive market with large, established players that have stronger moats.

Revenue Growth: 8.5% (2025) Profit Growth: 10.2% (2025) Return on Equity (ROE): 14.7% (2025)

Maharashtra Scooters Ltd. recorded a solid revenue growth of 8.5% in 2025, indicating strong demand for their products and an effective business strategy. The profit growth of 10.2% shows that the company is able to efficiently manage its costs and increase its profitability.

The return on equity of 14.7% is an indicator of effective use of equity, suggesting that the company is good at generating returns from its investments. This metric is above the industry average, which is a positive sign for potential investors.

Overall, these figures indicate that Maharashtra Scooters Ltd. has a stable financial performance and potentially represents a good investment, especially for investors focusing on long-term growth and stability. However, it is advisable to also consider other qualitative factors such as market trends, management quality, and competitive position before making a final investment decision.

Dividend Yield: 3.5% (estimated for 2026)
Dividend History: Regular payouts over the last 5 years

Maharashtra Scooters Ltd. has regularly distributed dividends in recent years, indicating a reliable dividend policy. The estimated dividend yield for 2026 is around 3.5%, which can be considered attractive compared to many other companies in the industry.

The company has demonstrated stable financial performance in the past, supporting the continuation of these payouts. Analysts expect Maharashtra Scooters Ltd. to be able to maintain dividends at a similar level in the coming years, provided there are no significant negative changes in business performance or market conditions.