Raamdeo Agrawal-Backed Multibagger Maharashtra Scooters Share Price Rallies 500% In Five Years

Raamdeo Agrawal-backed Maharashtra Scooters Ltd. has seen a dramatic rally of nearly 500% in the last five years, with an over 1000% increase in share price over a span of 10 years. Ace investor Agrawal currently holds a 1.60% stake in the 1995-listed stock with 1.82 lakh equity shares, while promoter Bajaj Holdings & Investments holds 51% of the total equity.

The scrip has delivered a return of 44% on a year-to-date basis in 2025, while the return in the last five years has been 461.25%. In the year so far, the stock has recorded a high of Rs 15,450 on June 17 and a low of Rs 12,864 on May 22.

Maharashtra Scooters Financials 

Maharashtra Scooters' earnings in the past fiscal saw a turnaround, with the company reporting an increase of 7.5% in net profit at Rs 214.35 crore compared to Rs 199.31 in the preceding financial year, aided by a one-time gain of Rs 43.60 crore. Revenue saw a dip of 17.7% in the same time period, to Rs 183.33 crore, down from Rs 5.2 crore.

The board had recommended a final dividend of Rs 30 per share and a special dividend of Rs 30 per share. It also approved the continuation of Sanjiv Bajaj as Non-Executive Director.

Earlier this year, the company announced the closure of its Satara factory, citing non-viability of manufacturing operations, and agreed to transfer leasehold rights and machinery at the facility for Rs 72.9 crore.

Shares of the Bajaj Group-owned automobile company closed 1.30% higher at Rs 13,980 apiece, on par with the 1.29% advance at the benchmark NSE Nifty 50.