According to reports from Maharashtra Scooters Limited, the company's board of directors approved a ₹160 per equity share interim dividend for FY27 on September 15, 2026. The dividend is calculated on the face value of ₹10 per share, representing a 1600% payout for the financial year ending March 31, 2027. As reported by the company in its BSE filing, this represents a significant payout for the auto ancillary company. The company has also announced plans to rename itself as Bajaj Nivesh Ltd to better reflect its strategic objectives.
The company has set Monday, September 21, 2026 as the record date to determine shareholder eligibility for the dividend payout. According to the BSE filing, eligible shareholders must own the stock before this date to receive the corporate action. As reported by Maharashtra Scooters Limited, the dividend transfer among eligible shareholders is scheduled to be completed on or before Tuesday, October 13, 2026. The company has also approved a new object clause enabling generation and production of renewable energy through solar, wind and other natural resources, while the name change to Bajaj Nivesh Ltd is subject to shareholder and regulatory approvals.
As reported by Maharashtra Scooters Limited, shares were trading 0.53 times its book value in recent trading sessions. The stock has a market capitalisation of ₹14,777 crore and is currently trading at ₹12,940.70, having declined 27.8% over the past year. The company maintains a healthy dividend payout ratio of 84.4% and is expected to deliver good quarterly performance. The company is a subsidiary of Bajaj Holdings, which holds a 51% majority stake in the company. The stock was previously trading at ₹12,778 per share with a market capitalisation of ₹14,603.42 crore.
According to the latest financial results, Maharashtra Scooters standalone net profit plunged 99.91% year-on-year to ₹0.03 crore in the June quarter (Q1 FY27) from ₹35.36 crore in the corresponding period last year. Total income also declined 81.51% YoY to ₹5.41 crore in Q1 FY27. The company's return on equity (ROE) stood at 0.83% over the last three years, indicating a low profitability margin. Despite the challenging financial performance, the board approved the substantial dividend payout, demonstrating confidence in the company's future prospects. The company operates as an unregistered Core Investment Company (CIC), with a minimum of 90% of its assets invested in the Bajaj group and the balance in debt and other instruments. The company had paid a total dividend of ₹220 per share in FY26, including its final dividend, maintaining its significant payout history.
