Share Price and Basic Stock Data
Last Updated: November 7, 2025, 9:29 pm
| PEG Ratio | 0.00 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
Max India Ltd operates as a holding company with a current market capitalization of ₹1,108 Cr, and its share price is ₹212. The company reported sales of ₹212 Cr for the financial year ending March 2023, a decline from ₹229 Cr in March 2022. The sales trajectory has shown volatility, with quarterly sales fluctuating from ₹44 Cr in June 2022 to a low of ₹26 Cr in June 2024, before slightly recovering to ₹45 Cr in March 2025. The trailing twelve months (TTM) sales stood at ₹156 Cr, indicating a downward trend in revenue generation. This inconsistent revenue performance could raise concerns about the company’s operational stability and market positioning. The sales decline is accompanied by an increase in expenses, which rose from ₹202 Cr in March 2023 to ₹264 Cr in March 2025, further squeezing profit margins. The overall revenue decline reflects potential challenges in maximizing operational effectiveness and market competitiveness.
Profitability and Efficiency Metrics
Max India Ltd recorded a net profit of ₹-139 Cr for the financial year ending March 2025, marking a significant drop from ₹-10 Cr in March 2023. The operating profit margin (OPM) deteriorated to -62% in March 2025, down from a positive 5% in March 2023, indicating severe operational inefficiencies. The company’s interest coverage ratio (ICR) stood at -12.39x, reflecting its inability to cover interest expenses with earnings before interest and taxes, which raises red flags about financial health. Additionally, the cash conversion cycle (CCC) was reported at -111 days, suggesting a concerning liquidity position. The return on equity (ROE) was reported at a robust 30%, but this figure is misleading given the negative net profit. Overall, the profitability metrics indicate significant challenges, with the company struggling to manage costs and generate sustainable profits amidst rising expenses and declining sales.
Balance Sheet Strength and Financial Ratios
As of March 2025, Max India Ltd reported total assets of ₹633 Cr, with total liabilities at ₹633 Cr, indicating a balanced sheet with no significant leverage as the long-term debt to equity ratio stood at 0.00. The company’s reserves have decreased from ₹588 Cr in March 2022 to ₹315 Cr in March 2025, highlighting a depletion of retained earnings, which could limit future growth prospects. The price-to-book value (P/BV) ratio was reported at 2.24x, suggesting that the stock is trading at a premium relative to its book value, which stood at ₹82.29 per share. However, the declining net profit margins, which reached -97.01% in March 2025, coupled with a negative return on capital employed (ROCE) of -25.37%, raises concerns about the efficiency of asset utilization. These financial ratios indicate a precarious balance sheet position that may hinder the company’s ability to attract investment and fund future initiatives.
Shareholding Pattern and Investor Confidence
Max India Ltd’s shareholding pattern reveals a stable but cautious investor sentiment. As of March 2025, promoters held 50.45% of the shares, showing a slight decline from 51.11% in previous quarters, indicating some dilution of control. Foreign institutional investors (FIIs) accounted for 6.63%, while domestic institutional investors (DIIs) held a minimal 0.80%, reflecting limited institutional interest. The public shareholding stood at 42.11%, showcasing a diversified base of retail investors. The total number of shareholders reached 40,090, indicating a broad retail interest despite the company’s financial challenges. The relatively low FII and DII participation could suggest hesitation among institutional investors regarding the company’s future prospects. Overall, while the promoter holding remains substantial, the declining institutional interest may signal concerns about the company’s operational and financial performance, affecting overall investor confidence.
Outlook, Risks, and Final Insight
The outlook for Max India Ltd appears challenging given the reported financial metrics. The company faces risks associated with declining sales and profitability, which can hinder future growth and operational sustainability. The negative cash conversion cycle and interest coverage ratio point towards potential liquidity issues that could affect day-to-day operations. Additionally, the decreasing reserves raise concerns about financial flexibility and the ability to invest in growth opportunities. However, strengths include a robust ROE of 30% and a zero long-term debt position, which could provide a buffer during financial stress. Should the company successfully implement cost-control measures and improve operational efficiencies, it could stabilize its financial position. Conversely, failure to address these challenges may lead to further declines in profitability and investor confidence, potentially impacting future capital raising efforts.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of Max India Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Choice International Ltd | 16,500 Cr. | 802 | 841/438 | 91.0 | 59.5 | 0.00 % | 20.0 % | 19.6 % | 10.0 |
| Abans Holdings Ltd | 1,019 Cr. | 201 | 415/165 | 9.30 | 212 | 0.00 % | 9.71 % | 10.2 % | 2.00 |
| Max India Ltd | 1,114 Cr. | 212 | 312/160 | 69.1 | 0.00 % | 23.6 % | 30.0 % | 10.0 | |
| IDFC Ltd | 17,275 Cr. | 108 | / | 19.9 | 83.6 | 0.93 % | 8.49 % | 8.37 % | 10.0 |
| BF Investment Ltd | 1,727 Cr. | 459 | 829/398 | 22.1 | 1,832 | 0.00 % | 4.62 % | 3.39 % | 5.00 |
| Industry Average | 73,359.14 Cr | 2,352.00 | 32.95 | 1,191.74 | 0.25% | 12.46% | 13.71% | 6.86 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 44 | 58 | 43 | 56 | 41 | 49 | 41 | 45 | 26 | 43 | 35 | 42 | 37 |
| Expenses | 45 | 56 | 46 | 55 | 53 | 54 | 58 | 66 | 54 | 64 | 64 | 82 | 65 |
| Operating Profit | -1 | 2 | -3 | 1 | -12 | -5 | -17 | -21 | -28 | -21 | -30 | -41 | -28 |
| OPM % | -3% | 4% | -7% | 2% | -31% | -9% | -43% | -46% | -106% | -49% | -85% | -98% | -76% |
| Other Income | 2 | 3 | 3 | 4 | 6 | 6 | 5 | 5 | 6 | 5 | -8 | 4 | 13 |
| Interest | 2 | 1 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 3 | 4 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 4 | 5 | 5 | 5 | 6 |
| Profit before tax | -2 | 2 | -4 | 1 | -10 | -2 | -17 | -20 | -27 | -22 | -44 | -45 | -25 |
| Tax % | 83% | 208% | -93% | 388% | 19% | 160% | 8% | 6% | 0% | 3% | 0% | 2% | 4% |
| Net Profit | -4 | -2 | -0 | -4 | -12 | -5 | -18 | -22 | -27 | -23 | -45 | -46 | -26 |
| EPS in Rs | -0.65 | -0.34 | -0.05 | -0.82 | -2.38 | -0.91 | -3.48 | -4.20 | -5.25 | -4.42 | -8.68 | -8.88 | -4.91 |
Last Updated: August 20, 2025, 7:05 am
Below is a detailed analysis of the quarterly data for Max India Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 37.00 Cr.. The value appears to be declining and may need further review. It has decreased from 42.00 Cr. (Mar 2025) to 37.00 Cr., marking a decrease of 5.00 Cr..
- For Expenses, as of Jun 2025, the value is 65.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 82.00 Cr. (Mar 2025) to 65.00 Cr., marking a decrease of 17.00 Cr..
- For Operating Profit, as of Jun 2025, the value is -28.00 Cr.. The value appears strong and on an upward trend. It has increased from -41.00 Cr. (Mar 2025) to -28.00 Cr., marking an increase of 13.00 Cr..
- For OPM %, as of Jun 2025, the value is -76.00%. The value appears strong and on an upward trend. It has increased from -98.00% (Mar 2025) to -76.00%, marking an increase of 22.00%.
- For Other Income, as of Jun 2025, the value is 13.00 Cr.. The value appears strong and on an upward trend. It has increased from 4.00 Cr. (Mar 2025) to 13.00 Cr., marking an increase of 9.00 Cr..
- For Interest, as of Jun 2025, the value is 4.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 3.00 Cr. (Mar 2025) to 4.00 Cr., marking an increase of 1.00 Cr..
- For Depreciation, as of Jun 2025, the value is 6.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 5.00 Cr. (Mar 2025) to 6.00 Cr., marking an increase of 1.00 Cr..
- For Profit before tax, as of Jun 2025, the value is -25.00 Cr.. The value appears strong and on an upward trend. It has increased from -45.00 Cr. (Mar 2025) to -25.00 Cr., marking an increase of 20.00 Cr..
- For Tax %, as of Jun 2025, the value is 4.00%. The value appears to be increasing, which may not be favorable. It has increased from 2.00% (Mar 2025) to 4.00%, marking an increase of 2.00%.
- For Net Profit, as of Jun 2025, the value is -26.00 Cr.. The value appears strong and on an upward trend. It has increased from -46.00 Cr. (Mar 2025) to -26.00 Cr., marking an increase of 20.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is -4.91. The value appears strong and on an upward trend. It has increased from -8.88 (Mar 2025) to -4.91, marking an increase of 3.97.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: October 15, 2025, 4:51 am
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|
| Sales | 211 | 121 | 229 | 212 | 191 | 163 | 156 |
| Expenses | 216 | 150 | 232 | 202 | 229 | 264 | 275 |
| Operating Profit | -5 | -29 | -3 | 10 | -38 | -101 | -120 |
| OPM % | -2% | -24% | -1% | 5% | -20% | -62% | -77% |
| Other Income | 277 | 0 | 2 | 1 | 4 | -10 | 14 |
| Interest | 27 | 24 | 10 | 6 | 5 | 8 | 10 |
| Depreciation | 8 | 10 | 7 | 8 | 10 | 19 | 21 |
| Profit before tax | 237 | -64 | -18 | -3 | -49 | -139 | -136 |
| Tax % | 2% | -17% | -11% | 245% | 15% | 1% | |
| Net Profit | 232 | -53 | -16 | -10 | -56 | -140 | -139 |
| EPS in Rs | 29,706.00 | -8.30 | -2.52 | -2.03 | -10.97 | -27.05 | -26.89 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
YoY Net Profit Growth
| Year | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | -122.84% | 69.81% | 37.50% | -460.00% | -150.00% |
| Change in YoY Net Profit Growth (%) | 0.00% | 192.66% | -32.31% | -497.50% | 310.00% |
Max India Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 5 years from 2020-2021 to 2024-2025.
Growth
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -5% |
| 3 Years: | -11% |
| TTM: | -4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -88% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 32% |
| 3 Years: | 40% |
| 1 Year: | -10% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -9% |
| 3 Years: | -13% |
| Last Year: | -30% |
Last Updated: Unknown
Balance Sheet
Last Updated: August 11, 2025, 2:20 pm
| Month | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Equity Capital | 54 | 54 | 54 | 43 | 43 | 44 |
| Reserves | 652 | 599 | 588 | 499 | 449 | 315 |
| Borrowings | 182 | 145 | 61 | 45 | 44 | 102 |
| Other Liabilities | 136 | 198 | 156 | 166 | 148 | 172 |
| Total Liabilities | 1,024 | 996 | 858 | 753 | 684 | 633 |
| Fixed Assets | 144 | 156 | 159 | 159 | 193 | 170 |
| CWIP | 1 | 0 | 0 | 0 | 10 | 21 |
| Investments | 414 | 334 | 178 | 83 | 63 | 53 |
| Other Assets | 465 | 506 | 522 | 511 | 418 | 389 |
| Total Assets | 1,024 | 996 | 858 | 753 | 684 | 633 |
Below is a detailed analysis of the balance sheet data for Max India Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:
- For Equity Capital, as of Mar 2025, the value is 44.00 Cr.. The value appears strong and on an upward trend. It has increased from 43.00 Cr. (Mar 2024) to 44.00 Cr., marking an increase of 1.00 Cr..
- For Reserves, as of Mar 2025, the value is 315.00 Cr.. The value appears to be declining and may need further review. It has decreased from 449.00 Cr. (Mar 2024) to 315.00 Cr., marking a decrease of 134.00 Cr..
- For Borrowings, as of Mar 2025, the value is 102.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 44.00 Cr. (Mar 2024) to 102.00 Cr., marking an increase of 58.00 Cr..
- For Other Liabilities, as of Mar 2025, the value is 172.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 148.00 Cr. (Mar 2024) to 172.00 Cr., marking an increase of 24.00 Cr..
- For Total Liabilities, as of Mar 2025, the value is 633.00 Cr.. The value appears to be improving (decreasing). It has decreased from 684.00 Cr. (Mar 2024) to 633.00 Cr., marking a decrease of 51.00 Cr..
- For Fixed Assets, as of Mar 2025, the value is 170.00 Cr.. The value appears to be declining and may need further review. It has decreased from 193.00 Cr. (Mar 2024) to 170.00 Cr., marking a decrease of 23.00 Cr..
- For CWIP, as of Mar 2025, the value is 21.00 Cr.. The value appears strong and on an upward trend. It has increased from 10.00 Cr. (Mar 2024) to 21.00 Cr., marking an increase of 11.00 Cr..
- For Investments, as of Mar 2025, the value is 53.00 Cr.. The value appears to be declining and may need further review. It has decreased from 63.00 Cr. (Mar 2024) to 53.00 Cr., marking a decrease of 10.00 Cr..
- For Other Assets, as of Mar 2025, the value is 389.00 Cr.. The value appears to be declining and may need further review. It has decreased from 418.00 Cr. (Mar 2024) to 389.00 Cr., marking a decrease of 29.00 Cr..
- For Total Assets, as of Mar 2025, the value is 633.00 Cr.. The value appears to be declining and may need further review. It has decreased from 684.00 Cr. (Mar 2024) to 633.00 Cr., marking a decrease of 51.00 Cr..
Notably, the Reserves (315.00 Cr.) exceed the Borrowings (102.00 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow - No data available for this post.
Free Cash Flow
| Month | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -187.00 | -174.00 | -64.00 | -35.00 | -82.00 | -203.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Debtor Days | 24 | 22 | 9 | 5 | 9 | 50 |
| Inventory Days | 1,736 | 6,544 | 385 | 223 | 38 | 186 |
| Days Payable | 154 | 633 | 28 | 48 | 148 | 346 |
| Cash Conversion Cycle | 1,607 | 5,932 | 366 | 180 | -100 | -111 |
| Working Capital Days | 438 | 500 | 343 | 249 | -99 | -93 |
| ROCE % | -4% | -0% | 1% | -8% | -24% |
This stock is not held by any mutual fund.
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Basic EPS (Rs.) | -32.50 | -13.08 | -2.18 | -3.35 | -9.88 |
| Diluted EPS (Rs.) | -32.50 | -13.08 | -2.17 | -3.35 | -9.88 |
| Cash EPS (Rs.) | -28.06 | -10.96 | -0.15 | -1.34 | -7.81 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 82.29 | 114.05 | 125.99 | 118.45 | 121.44 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 82.29 | 114.05 | 125.99 | 118.45 | 121.44 |
| Revenue From Operations / Share (Rs.) | 33.38 | 40.68 | 46.72 | 42.74 | 22.47 |
| PBDIT / Share (Rs.) | -22.91 | -8.20 | 3.00 | 1.17 | -3.72 |
| PBIT / Share (Rs.) | -27.23 | -10.55 | 1.04 | -0.49 | -5.65 |
| PBT / Share (Rs.) | -31.97 | -11.61 | -0.40 | -3.36 | -11.72 |
| Net Profit / Share (Rs.) | -32.38 | -13.31 | -2.12 | -3.01 | -9.73 |
| NP After MI And SOA / Share (Rs.) | -32.21 | -13.06 | -2.41 | -3.35 | -9.88 |
| PBDIT Margin (%) | -68.63 | -20.15 | 6.43 | 2.74 | -16.54 |
| PBIT Margin (%) | -81.57 | -25.93 | 2.22 | -1.16 | -25.12 |
| PBT Margin (%) | -95.77 | -28.53 | -0.86 | -7.86 | -52.13 |
| Net Profit Margin (%) | -97.01 | -32.71 | -4.53 | -7.04 | -43.31 |
| NP After MI And SOA Margin (%) | -96.49 | -32.10 | -5.16 | -7.84 | -43.94 |
| Return on Networth / Equity (%) | -39.14 | -11.45 | -1.91 | -2.83 | -8.13 |
| Return on Capital Employeed (%) | -25.37 | -8.34 | 0.75 | -0.38 | -3.93 |
| Return On Assets (%) | -22.18 | -8.23 | -1.37 | -2.11 | -5.32 |
| Long Term Debt / Equity (X) | 0.00 | 0.00 | 0.04 | 0.06 | 0.13 |
| Total Debt / Equity (X) | 0.00 | 0.00 | 0.04 | 0.06 | 0.13 |
| Asset Turnover Ratio (%) | 0.22 | 0.24 | 0.25 | 0.24 | 0.11 |
| Current Ratio (X) | 2.15 | 2.47 | 2.86 | 3.58 | 3.49 |
| Quick Ratio (X) | 2.05 | 2.43 | 2.54 | 2.73 | 2.38 |
| Inventory Turnover Ratio (X) | 12.78 | 0.46 | 0.04 | 0.02 | 0.01 |
| Interest Coverage Ratio (X) | -12.39 | -7.72 | 2.08 | 0.61 | -0.81 |
| Interest Coverage Ratio (Post Tax) (X) | -14.95 | -11.53 | -0.46 | -0.07 | -0.80 |
| Enterprise Value (Cr.) | 694.17 | 645.65 | 281.41 | 408.39 | 411.70 |
| EV / Net Operating Revenue (X) | 4.77 | 3.68 | 1.40 | 1.78 | 3.41 |
| EV / EBITDA (X) | -6.95 | -18.24 | 21.77 | 64.67 | -20.59 |
| MarketCap / Net Operating Revenue (X) | 5.51 | 4.86 | 1.75 | 1.73 | 2.86 |
| Price / BV (X) | 2.24 | 1.73 | 0.64 | 0.62 | 0.52 |
| Price / Net Operating Revenue (X) | 5.51 | 4.86 | 1.75 | 1.73 | 2.86 |
| EarningsYield | -0.17 | -0.06 | -0.02 | -0.04 | -0.15 |
After reviewing the key financial ratios for Max India Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
- For Basic EPS (Rs.), as of Mar 25, the value is -32.50. This value is below the healthy minimum of 5. It has decreased from -13.08 (Mar 24) to -32.50, marking a decrease of 19.42.
- For Diluted EPS (Rs.), as of Mar 25, the value is -32.50. This value is below the healthy minimum of 5. It has decreased from -13.08 (Mar 24) to -32.50, marking a decrease of 19.42.
- For Cash EPS (Rs.), as of Mar 25, the value is -28.06. This value is below the healthy minimum of 3. It has decreased from -10.96 (Mar 24) to -28.06, marking a decrease of 17.10.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 82.29. It has decreased from 114.05 (Mar 24) to 82.29, marking a decrease of 31.76.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 82.29. It has decreased from 114.05 (Mar 24) to 82.29, marking a decrease of 31.76.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 33.38. It has decreased from 40.68 (Mar 24) to 33.38, marking a decrease of 7.30.
- For PBDIT / Share (Rs.), as of Mar 25, the value is -22.91. This value is below the healthy minimum of 2. It has decreased from -8.20 (Mar 24) to -22.91, marking a decrease of 14.71.
- For PBIT / Share (Rs.), as of Mar 25, the value is -27.23. This value is below the healthy minimum of 0. It has decreased from -10.55 (Mar 24) to -27.23, marking a decrease of 16.68.
- For PBT / Share (Rs.), as of Mar 25, the value is -31.97. This value is below the healthy minimum of 0. It has decreased from -11.61 (Mar 24) to -31.97, marking a decrease of 20.36.
- For Net Profit / Share (Rs.), as of Mar 25, the value is -32.38. This value is below the healthy minimum of 2. It has decreased from -13.31 (Mar 24) to -32.38, marking a decrease of 19.07.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is -32.21. This value is below the healthy minimum of 2. It has decreased from -13.06 (Mar 24) to -32.21, marking a decrease of 19.15.
- For PBDIT Margin (%), as of Mar 25, the value is -68.63. This value is below the healthy minimum of 10. It has decreased from -20.15 (Mar 24) to -68.63, marking a decrease of 48.48.
- For PBIT Margin (%), as of Mar 25, the value is -81.57. This value is below the healthy minimum of 10. It has decreased from -25.93 (Mar 24) to -81.57, marking a decrease of 55.64.
- For PBT Margin (%), as of Mar 25, the value is -95.77. This value is below the healthy minimum of 10. It has decreased from -28.53 (Mar 24) to -95.77, marking a decrease of 67.24.
- For Net Profit Margin (%), as of Mar 25, the value is -97.01. This value is below the healthy minimum of 5. It has decreased from -32.71 (Mar 24) to -97.01, marking a decrease of 64.30.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is -96.49. This value is below the healthy minimum of 8. It has decreased from -32.10 (Mar 24) to -96.49, marking a decrease of 64.39.
- For Return on Networth / Equity (%), as of Mar 25, the value is -39.14. This value is below the healthy minimum of 15. It has decreased from -11.45 (Mar 24) to -39.14, marking a decrease of 27.69.
- For Return on Capital Employeed (%), as of Mar 25, the value is -25.37. This value is below the healthy minimum of 10. It has decreased from -8.34 (Mar 24) to -25.37, marking a decrease of 17.03.
- For Return On Assets (%), as of Mar 25, the value is -22.18. This value is below the healthy minimum of 5. It has decreased from -8.23 (Mar 24) to -22.18, marking a decrease of 13.95.
- For Long Term Debt / Equity (X), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 0.2. There is no change compared to the previous period (Mar 24) which recorded 0.00.
- For Total Debt / Equity (X), as of Mar 25, the value is 0.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 0.00.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 0.22. It has decreased from 0.24 (Mar 24) to 0.22, marking a decrease of 0.02.
- For Current Ratio (X), as of Mar 25, the value is 2.15. This value is within the healthy range. It has decreased from 2.47 (Mar 24) to 2.15, marking a decrease of 0.32.
- For Quick Ratio (X), as of Mar 25, the value is 2.05. This value exceeds the healthy maximum of 2. It has decreased from 2.43 (Mar 24) to 2.05, marking a decrease of 0.38.
- For Inventory Turnover Ratio (X), as of Mar 25, the value is 12.78. This value exceeds the healthy maximum of 8. It has increased from 0.46 (Mar 24) to 12.78, marking an increase of 12.32.
- For Interest Coverage Ratio (X), as of Mar 25, the value is -12.39. This value is below the healthy minimum of 3. It has decreased from -7.72 (Mar 24) to -12.39, marking a decrease of 4.67.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is -14.95. This value is below the healthy minimum of 3. It has decreased from -11.53 (Mar 24) to -14.95, marking a decrease of 3.42.
- For Enterprise Value (Cr.), as of Mar 25, the value is 694.17. It has increased from 645.65 (Mar 24) to 694.17, marking an increase of 48.52.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 4.77. This value exceeds the healthy maximum of 3. It has increased from 3.68 (Mar 24) to 4.77, marking an increase of 1.09.
- For EV / EBITDA (X), as of Mar 25, the value is -6.95. This value is below the healthy minimum of 5. It has increased from -18.24 (Mar 24) to -6.95, marking an increase of 11.29.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 5.51. This value exceeds the healthy maximum of 3. It has increased from 4.86 (Mar 24) to 5.51, marking an increase of 0.65.
- For Price / BV (X), as of Mar 25, the value is 2.24. This value is within the healthy range. It has increased from 1.73 (Mar 24) to 2.24, marking an increase of 0.51.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 5.51. This value exceeds the healthy maximum of 3. It has increased from 4.86 (Mar 24) to 5.51, marking an increase of 0.65.
- For EarningsYield, as of Mar 25, the value is -0.17. This value is below the healthy minimum of 5. It has decreased from -0.06 (Mar 24) to -0.17, marking a decrease of 0.11.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
|
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Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Max India Ltd:
- Net Profit Margin: -97.01%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: -25.37% (Industry Average ROCE: 12.46%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: -39.14% (Industry Average ROE: 13.71%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): -14.95
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 2.05
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 0 (Industry average Stock P/E: 32.95)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 0
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: -97.01%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Holding Company | 167, Floor 1, Plot- 167A, Ready Money Mansion, Mumbai Maharashtra 400018 | investorhelpline@maxindia.com http://www.maxindia.com |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Analjit Singh | Founder & Chairman |
| Ms. Tara Singh Vachani | Vice Chairperson |
| Mr. Rajit Mehta | Managing Director |
| Mr. Mohit Talwar | Non Executive Director |
| Mr. Pradeep Pant | Independent Director |
| Ms. Sharmila Tagore | Independent Director |
| Dr. Ajit Singh | Independent Director |
| Mr. Niten Malhan | Independent Director |
| Mr. Rohit Kapoor | Independent Director |
FAQ
What is the intrinsic value of Max India Ltd?
Max India Ltd's intrinsic value (as of 08 November 2025) is 253.74 which is 19.69% higher the current market price of 212.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 1,114 Cr. market cap, FY2025-2026 high/low of 312/160, reserves of ₹315 Cr, and liabilities of 633 Cr.
What is the Market Cap of Max India Ltd?
The Market Cap of Max India Ltd is 1,114 Cr..
What is the current Stock Price of Max India Ltd as on 08 November 2025?
The current stock price of Max India Ltd as on 08 November 2025 is 212.
What is the High / Low of Max India Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of Max India Ltd stocks is 312/160.
What is the Stock P/E of Max India Ltd?
The Stock P/E of Max India Ltd is .
What is the Book Value of Max India Ltd?
The Book Value of Max India Ltd is 69.1.
What is the Dividend Yield of Max India Ltd?
The Dividend Yield of Max India Ltd is 0.00 %.
What is the ROCE of Max India Ltd?
The ROCE of Max India Ltd is 23.6 %.
What is the ROE of Max India Ltd?
The ROE of Max India Ltd is 30.0 %.
What is the Face Value of Max India Ltd?
The Face Value of Max India Ltd is 10.0.