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Last Updated on: 21 June, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 543223 | NSE: MAXIND

Fundamental Analysis of Max India Ltd

About the Company - Max India Ltd

Max India Ltd. is a Public Limited Listed company incorporated on 23/01/2019 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L74999MH2019PLC320039 and registration number is 320039. Currently company belongs to the Industry of Hospitals & Medical Services. Company’s Total Operating Revenue is Rs. 32.61 Cr. and Equity Capital is Rs. 53.79 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Holding Company167, Floor 1, Plot- 167A, Ready Money Mansion, Mumbai Maharashtra 400018investorhelpline@maxindia.com
http://www.maxindia.com
Management
NamePosition Held
Mr. Analjit SinghFounder & Chairman
Ms. Tara Singh VachaniVice Chairperson
Mr. Rajit MehtaManaging Director
Mr. Mohit TalwarNon Executive Director
Mr. Pradeep PantIndependent Director
Mr. Ashok KackerIndependent Director
Ms. Sharmila TagoreIndependent Director
Ms. Bhawna AgarwalIndependent Director
Dr. Ajit SinghIndependent Director
Mr. Niten MalhanIndependent Director
Mr. Rohit KapoorIndependent Director

Basic Stock Data of Max India Ltd

Last Updated: June 17, 2024, 8:23 pm

Market Cap 1,285 Cr.
Current Price 298
High / Low304/116
Stock P/E
Book Value 114
Dividend Yield0.00 %
ROCE7.92 %
ROE10.9 %
Face Value 10.0
PEG Ratio0.00

Competitors of Max India Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Bajaj Finserv Ltd 2,53,119 Cr. 1,5851,742/1,41931.1 3780.06 %11.6 %15.3 % 1.00
Abans Holdings Ltd 2,250 Cr. 449463/25527.5 1860.00 %9.20 %9.30 % 2.00
Bajaj Holdings & Investment Ltd 91,357 Cr. 8,2099,355/6,62812.6 4,8741.60 %13.1 %14.8 % 10.0
Choice International Ltd 7,516 Cr. 377380/16658.3 31.70.00 %24.8 %23.2 % 10.0
Industry Average88,560.50 Cr2,655.0032.381,367.430.42%14.68%15.65%5.75

Max India Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales33345583425044584356414941
Expenses39415680445445564655535458
Operating Profit-6-7-13-2-3-12-31-12-5-17
OPM %-18%-22%-1%4%-5%-7%-3%4%-7%2%-31%-9%-43%
Other Income21-33112334665
Interest6543212122111
Depreciation3322222222222
Profit before tax-13-14-10-0-5-5-22-41-10-2-17
Tax %-2%31%-7%-1,767%-16%71%-83%208%93%388%-19%-160%-8%
Net Profit-13-9-10-1-6-2-4-2-0-4-12-5-18
EPS in Rs-2.41-1.76-1.90-0.10-1.06-0.29-0.78-0.41-0.07-0.97-2.84-1.09-4.15

Last Updated: June 5, 2024, 11:02 am

Max India Ltd Quarterly Chart

Max India Ltd Profit & Loss

Last Updated: June 1, 2024, 11:55 pm

MonthMar 2020Mar 2021Mar 2022Mar 2023TTM
Sales211121229200187
Expenses216150232200220
Operating Profit-5-29-3-0-33
OPM %-2%-24%-1%-0%-18%
Other Income277021220
Interest27241065
Depreciation810789
Profit before tax237-64-18-3-27
Tax %2%17%11%-245%
Net Profit232-53-16-10-39
EPS in Rs59,412.00-9.88-3.00-2.41-9.05
Dividend Payout %0%0%0%0%

Max India Ltd Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2020-20212021-20222022-2023
YoY Net Profit Growth (%)-122.84%69.81%37.50%
Change in YoY Net Profit Growth (%)0.00%192.66%-32.31%

Max India Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:13%
TTM:-12%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:-9%
TTM:-427%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:60%
1 Year:149%
Return on Equity
10 Years:%
5 Years:%
3 Years:-4%
Last Year:-11%

Last Updated: June 17, 2024, 2:53 pm

Max India Ltd Balance Sheet

MonthMar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital5454544343
Reserves652599588499486
Borrowings182145614515
Other Liabilities136198156166169
Total Liabilities1,024996858753713
Fixed Assets144156159159156
CWIP10001
Investments4143341788368
Other Assets465506522511489
Total Assets1,024996858753713

Max India Ltd Reserves and Borrowings Chart

Max India Ltd Cash Flow

MonthMar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -19736669
Cash from Investing Activity -5261318124
Cash from Financing Activity 557-73-94-119
Net Cash Flow1212-1075

Max India Ltd Financial Efficiency Indicators

MonthMar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days24229510
Inventory Days1,7366,54438522238
Days Payable1546332858148
Cash Conversion Cycle1,6075,932366170-99
Working Capital Days443517349269-0
ROCE %-4%-0%1%

Max India Ltd Financial Efficiency Indicators Chart

Max India Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters40.89%40.89%40.89%40.89%40.89%40.89%51.11%51.11%51.11%51.11%50.94%50.94%
FIIs10.83%6.14%6.04%6.21%5.83%5.76%7.55%11.38%11.26%10.71%10.59%10.32%
DIIs3.08%3.08%3.08%3.07%3.07%3.07%0.00%0.00%0.00%0.00%0.69%0.69%
Public45.21%49.90%50.00%49.83%50.21%50.28%41.35%37.51%37.63%38.18%37.77%38.04%
No. of Shareholders33,22234,54735,63931,83530,00629,16331,34737,25938,69736,35636,56335,888

Max India Ltd Shareholding Pattern Chart

No. of Max India Ltd Shareholders

This stock is not held by any mutual fund

Max India Ltd ROCE Trend

Max India Ltd EPS Trend

Max India Ltd Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-13.08-2.18-3.35-9.8855.23
Diluted EPS (Rs.)-13.08-2.17-3.35-9.8855.23
Cash EPS (Rs.)-10.96-0.15-1.34-7.8144.61
Book Value[Excl.RevalReserv]/Share (Rs.)114.05125.99118.45121.44131.18
Book Value[Incl.RevalReserv]/Share (Rs.)114.05125.99118.45121.44131.18
Revenue From Operations / Share (Rs.)40.6846.7242.7422.4739.23
PBDIT / Share (Rs.)-8.203.001.17-3.72-0.35
PBIT / Share (Rs.)-10.551.04-0.49-5.65-1.91
PBT / Share (Rs.)-11.61-0.40-3.36-11.72-16.25
Net Profit / Share (Rs.)-13.31-2.12-3.01-9.7343.05
NP After MI And SOA / Share (Rs.)-13.06-2.41-3.35-9.8855.23
PBDIT Margin (%)-20.156.432.74-16.54-0.91
PBIT Margin (%)-25.922.22-1.16-25.12-4.87
PBT Margin (%)-28.53-0.86-7.86-52.13-41.41
Net Profit Margin (%)-32.71-4.53-7.04-43.31109.75
NP After MI And SOA Margin (%)-32.10-5.16-7.84-43.94140.78
Return on Networth / Equity (%)-11.45-1.91-2.83-8.1342.10
Return on Capital Employeed (%)-8.340.75-0.38-3.93-1.19
Return On Assets (%)-8.23-1.37-2.11-5.3229.01
Long Term Debt / Equity (X)0.000.040.060.130.19
Total Debt / Equity (X)0.000.040.060.130.19
Asset Turnover Ratio (%)0.240.030.030.000.00
Current Ratio (X)2.472.863.583.495.07
Quick Ratio (X)2.432.542.732.383.67
Inventory Turnover Ratio (X)0.460.000.000.000.00
Interest Coverage Ratio (X)-7.712.080.61-0.81-0.07
Interest Coverage Ratio (Post Tax) (X)-11.52-0.46-0.07-0.80-0.57
Enterprise Value (Cr.)645.64281.41408.39411.700.00
EV / Net Operating Revenue (X)3.681.401.783.410.00
EV / EBITDA (X)-18.2421.7764.67-20.590.00
MarketCap / Net Operating Revenue (X)4.861.751.732.860.00
Price / BV (X)1.730.640.620.520.00
Price / Net Operating Revenue (X)4.861.751.732.860.00
EarningsYield-0.06-0.02-0.04-0.150.00

Max India Ltd Profitability Ratios (%)

Max India Ltd Liquidity Ratios

Max India Ltd Liquidity Ratios (%)

Max India Ltd Interest Coverage Ratios (X)

Max India Ltd Valuation Ratios

Fair Value

Fair Value: 190.12

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Overvalued: 36.20% compared to the current price 298

Default values used*: Deafault value of 15 for Stock P/E is used

Intrinsic Value: 81.51

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 72.65% compared to the current price ₹298

Default values used*: Deafault value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -57.13%

*Investments are subject to market risks

Strength and Weakness of Max India Ltd

StrengthWeakness
  1. The company has higher reserves (564.80 cr) compared to borrowings (89.60 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (189.60 cr) and profit (25.00 cr) over the years.
  1. The stock has a low average ROCE of -0.60%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 315.60, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 88.60, which may not be favorable.

Should I Buy Max India Ltd Share Now?

  • 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:
    1. Net Profit Margin: -32.71%
      • 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.
    2. ROCE: -8.34% (Industry Average ROCE: %)
      • 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.
    3. ROE%: -11.45% (Industry Average ROE: %)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): -11.52
      • 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.
    5. Quick Ratio: 2.43
      • 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.
    6. ✗ Stock P/E: (Industry average Stock P/E: )
      • 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.
    7. Total Debt / Equity: 0.00
      • 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.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

FAQ

What is the latest fair value of Max India Ltd?

The latest fair value of Max India Ltd is ₹190.12.

What is the Market Cap of Max India Ltd?

The Market Cap of Max India Ltd is 1,285 Cr..

What is the current Stock Price of Max India Ltd as on 21 June 2024?

The current stock price of Max India Ltd as on 21 June 2024 is ₹298.

What is the High / Low of Max India Ltd stocks in FY 2024?

In FY 2024, the High / Low of Max India Ltd stocks is 304/116.

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 114.

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 7.92 %.

What is the ROE of Max India Ltd?

The ROE of Max India Ltd is 10.9 %.

What is the Face Value of Max India Ltd?

The Face Value of Max India Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Max India Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE