Max India Limited
Max India Limited (MAXIND) financial statements and selected valuation metrics from NSE/BSE exchange filings through 30 June 2026.
Financial Services›Financial Services›Finance›Holding Company
maxindia.com(opens the company website in a new tab)Key metrics
Price as of 2026-09-03
Sign in for full ratios and TTM. Learn about these metrics →
Share price
NSE closing price from historical market data.
Loading price history…
Statement tables · Consolidated
Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.
Amounts in ₹ Cr · NSE preferred when both exchanges report the same period · tap + to expand rows
Quarterly results
Quarterly · ₹ Cr · tap + rows to expand
| Metric | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 49 Cr | 41 Cr | 45 Cr | 26 Cr | 43 Cr | 35 Cr | 42 Cr | 37 Cr | 45 Cr | 43 Cr | 66 Cr | 60 Cr |
| Operating expenses (approx.) | 54 Cr | 58 Cr | 65 Cr | 54 Cr | 64 Cr | 64 Cr | 81 Cr | 65 Cr | 75 Cr | 78 Cr | 79 Cr | 94 Cr |
| EBITDA | -5 Cr | -17 Cr | -20 Cr | -28 Cr | -21 Cr | -30 Cr | -40 Cr | -28 Cr | -30 Cr | -35 Cr | -13 Cr | -34 Cr |
| OPM % | -9.2% | -42.6% | -44.7% | -105.6% | -49.5% | -85.3% | -95.9% | -75.9% | -67.0% | -80.1% | -20.1% | -56.6% |
| Other income | 6 Cr | 4 Cr | 5 Cr | 6 Cr | 5 Cr | 4 Cr | 4 Cr | 5 Cr | 5 Cr | 7 Cr | 6 Cr | 9 Cr |
| Interest | 0.97 Cr | 1 Cr | 1 Cr | 1 Cr | 2 Cr | 2 Cr | 3 Cr | 4 Cr | 4 Cr | 3 Cr | 3 Cr | 3 Cr |
| Depreciation | 2 Cr | 2 Cr | 3 Cr | 4 Cr | 5 Cr | 5 Cr | 5 Cr | 6 Cr | 6 Cr | 6 Cr | 7 Cr | 7 Cr |
| Profit before tax | -2 Cr | -17 Cr | -20 Cr | -27 Cr | -22 Cr | -44 Cr | -45 Cr | -25 Cr | -36 Cr | -41 Cr | -19 Cr | -36 Cr |
| Tax % | -159.7% | -7.8% | -6.2% | -0.4% | -3.3% | -0.4% | -1.7% | -4.0% | 5.4% | -3.5% | -2.3% | -1.9% |
| Net profit | -5 Cr | -18 Cr | -22 Cr | -27 Cr | -23 Cr | -45 Cr | -46 Cr | -26 Cr | -34 Cr | -43 Cr | -19 Cr | -36 Cr |
| EPS (₹) | ₹-1.09 | ₹-4.15 | ₹-5.00 | ₹-6.25 | ₹-5.27 | ₹-10.33 | ₹-10.67 | ₹-5.44 | ₹-6.52 | ₹-8.17 | ₹-3.67 | ₹-6.91 |
Profit & loss (annual)
Annual · last column is TTM · ₹ Cr · tap + to expand
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|
| Sales | 87 Cr | 230 Cr | 201 Cr | 176 Cr | 145 Cr | 191 Cr | Sign in for TTM |
| Operating expenses (approx.) | 108 Cr | 231 Cr | 201 Cr | 230 Cr | 264 Cr | 296 Cr | Sign in for TTM |
| EBITDA | -21 Cr | -1 Cr | 0.50 Cr | -54 Cr | -119 Cr | -106 Cr | Sign in for TTM |
| OPM % | -24.6% | -0.5% | 0.2% | -31.0% | -81.5% | -55.6% | Sign in for TTM |
| Other income | 7 Cr | 8 Cr | 12 Cr | 19 Cr | 19 Cr | 23 Cr | Sign in for TTM |
| Interest | 8 Cr | 10 Cr | 6 Cr | 5 Cr | 8 Cr | 14 Cr | Sign in for TTM |
| Depreciation | 20 Cr | 9 Cr | 8 Cr | 10 Cr | 19 Cr | 25 Cr | Sign in for TTM |
| Profit before tax | -50 Cr | -20 Cr | -3 Cr | -49 Cr | -139 Cr | -121 Cr | Sign in for TTM |
| Tax % | 12.9% | 9.5% | -244.4% | -15.0% | -1.3% | -0.7% | Sign in for TTM |
| Net profit | -44 Cr | -18 Cr | -10 Cr | -56 Cr | -140 Cr | -122 Cr | Sign in for TTM |
| EPS (₹) | ₹-8.11 | ₹-3.35 | ₹-2.18 | ₹-13.08 | ₹-32.50 | ₹-23.85 | Sign in for TTM |
| Dividend payout % | — | — | — | — | — | — | Sign in for TTM |
Trailing twelve months totals and margin rows
Balance sheet
Annual · ₹ Cr · tap + rows to expand
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 54 Cr | 54 Cr | 43 Cr | 43 Cr | 44 Cr | 53 Cr |
| Reserves | 599 Cr | 583 Cr | 499 Cr | 449 Cr | 315 Cr | 356 Cr |
| Borrowings | — | — | 22 Cr | 1 Cr | 1 Cr | 2 Cr |
| Other liabilities | 344 Cr | 217 Cr | 189 Cr | 191 Cr | 273 Cr | 259 Cr |
| Total liabilities | 998 Cr | 854 Cr | 753 Cr | 684 Cr | 633 Cr | 669 Cr |
| Fixed assets (net) | — | — | 71 Cr | 72 Cr | 56 Cr | 97 Cr |
| CWIP | — | — | 0 Cr | 10 Cr | 21 Cr | 2 Cr |
| Investments | — | — | 152 Cr | 131 Cr | 53 Cr | 34 Cr |
| Loans & advances | — | — | 0 Cr | 0.03 Cr | 0 Cr | 176 Cr |
| Inventories | — | — | 51 Cr | 6 Cr | 17 Cr | 16 Cr |
| Trade receivables | — | — | 3 Cr | 5 Cr | 22 Cr | 37 Cr |
| Cash & bank | — | — | 89 Cr | 116 Cr | 23 Cr | 27 Cr |
| Other assets | 998 Cr | 854 Cr | 388 Cr | 345 Cr | 441 Cr | 281 Cr |
| Total assets | 998 Cr | 854 Cr | 753 Cr | 684 Cr | 633 Cr | 669 Cr |
Cash flows
Annual · ₹ Cr · tap + rows to expand · last column includes FCF
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operating activity | — | 67 Cr | 69 Cr | -102 Cr | -128 Cr | -95 Cr |
| Cash from investing | — | 32 Cr | 124 Cr | 159 Cr | 47 Cr | -50 Cr |
| Cash from financing | — | -94 Cr | -119 Cr | -29 Cr | -13 Cr | 148 Cr |
| Net cash flow | — | 5 Cr | 75 Cr | 27 Cr | -93 Cr | 4 Cr |
| Free cash flow (OCF − Capex) | — | 63 Cr | 66 Cr | -131 Cr | -163 Cr | -146 Cr |
Ratios
Ratios as reported or derived per annual period.
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| ROCE % | -6.5% | -1.5% | 0.6% | -9.0% | -36.2% | -26.1% |
| ROE % | -6.7% | -2.8% | -1.9% | -11.5% | -38.8% | -29.8% |
| Debtor days | — | — | 5 | 10 | 56 | 71 |
| Inventory days | — | — | 4145 | 170 | 140 | 110 |
| Days payable | — | — | 1082 | 653 | 261 | 243 |
| Cash conversion cycle | — | — | 3067 | -473 | -65 | -62 |
| Debt / equity | 0.00 | 0.00 | 0.04 | 0.0024 | 0.0040 | 0.0043 |
| Current ratio | — | — | 2.86 | 2.47 | 1.58 | 2.35 |
| Net debt / EBITDA | — | — | -132.62 | — | — | — |
Compare with peers
Loading peers…