Debut Plus

₹166.63

▼ -2.01 -1.19%

17 Jul 2026

NSE Listed

Max India Limited (MAXIND)

Volume: 25,500Avg Vol 1W: 80,200Avg Vol 1M: 62,450.252W Range:₹120₹241.57
NSE BSE www.maxindia.com
Key Ratios
Checked just now
Market Cap₹876 Cr
Current Price₹166.63
Previous Close₹168.64
High / Low (52w)₹241.57 / ₹120
Volume25,500
Avg Vol (1W)80,200
Avg Vol (1M)62,450.2
Stock P/E—
Book Value₹77.66
Dividend Yield0%
ROE-29.84%
ROA-18.21%
Revenue (TTM)₹164 Cr
Revenue Growth—
Profit Margin-63.94%
Total Debt₹0 Cr
Shares Outstanding5 Cr
Face Value₹10
EPS (TTM)₹0
P/B2.13
Debt / Equity0.17
50 DMA₹160.66
200 DMA₹172.39
Day change-1.19%
Price Chart
₹166.63▼ 17.86% · 1Y
₹224₹12347.5L
2025-07-17
2026-07-16

20-day avg volume: 62K shares

Pros
  • Company is almost debt-free.
  • Revenue grew 65% YoY.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue————————
EBITDA————————
Net Profit₹-27 Cr₹-23 Cr₹-45 Cr₹-46 Cr₹-26 Cr₹-34 Cr₹-43 Cr₹-19 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹214 Cr₹130 Cr₹237 Cr₹213 Cr₹195 Cr₹164 Cr
EBITDA₹-37 Cr₹-55 Cr₹-11 Cr₹-2 Cr₹-50 Cr₹-127 Cr
Net Profit₹297 Cr₹-53 Cr₹-16 Cr₹-10 Cr₹-56 Cr₹-140 Cr
EPS55.23-9.88-3-2.17-13.08-32.5
Balance Sheet
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹1,024 Cr₹998 Cr₹858 Cr₹753 Cr₹684 Cr₹633 Cr
Total Liabilities₹318 Cr₹344 Cr₹217 Cr₹211 Cr₹192 Cr₹274 Cr
Equity₹706 Cr₹653 Cr₹641 Cr₹542 Cr₹492 Cr₹359 Cr
Total Debt——————
Cash Flow
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹8 Cr₹56 Cr₹62 Cr₹71 Cr₹-92 Cr₹-133 Cr
Investing₹-586 Cr₹13 Cr₹18 Cr₹124 Cr₹159 Cr₹47 Cr
Financing₹557 Cr₹-73 Cr₹-94 Cr₹-119 Cr₹-29 Cr₹-13 Cr
Free Cash Flow₹8 Cr₹56 Cr₹62 Cr₹71 Cr₹-92 Cr₹-133 Cr
Shareholding
Promoter 49.82% Institutions 8.7% Public 41.48%
Efficiency & Working Capital
ROCE-21.2%
Interest Coverage-16.2
Dividend Payout—
Debtor Days56 d
Inventory Days42 d
Payable Days78 d
Cash Conversion Cycle20 d
Working Capital Days97 d
Shareholding Details

As of 2026-03-31

Promoter49.8%
FII7.1%
DII1.6%
Institutions8.7%
Public41.5%
Promoter Pledge0%
No. of Shareholders37,492
Shareholding Pattern

Quarterly — figures in %. Latest 12 quarters.

PeriodDec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025May 2025May 2025Jun 2025Sept 2025Dec 2025Mar 2026
Promoters50.9%50.9%50.9%50.9%50.9%50.5%50.5%50.5%50.2%50.1%49.9%49.8%
FIIs10.3%9.5%9%7.4%6.8%6.6%7.1%7.1%7.1%7.1%7.1%7.1%
DIIs0.7%0.8%0.8%0.8%0.9%0.8%1%1%1%1.4%1.6%1.6%
Public38%38.7%39.2%40.8%41.3%42.1%41.5%41.5%41.7%41.4%41.4%41.5%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders35,88840,36738,87639,88640,41739,91840,71140,71140,09039,79638,50837,492
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503————
Major Shareholders (>1%)
NameCategoryStakeShares
Max Ventures Investment Holdings Private LimitedShareholding of Promoter and Promoter Group40.9%2.15 Cr
Siva Finvest Private Limited (fka Siva Enterprises Private Limited)Shareholding of Promoter and Promoter Group6.8%35,78,211
Habrok India Master LpPublic Shareholding3.4%17,83,489
Cassini Partners, L.p. Managed By Habrok Capital Management LlpPublic Shareholding2.8%14,57,705
Analjit SinghShareholding of Promoter and Promoter Group2%10,38,104
Murugu Selvan KPublic Shareholding1.5%7,65,000
Nivedita Ritesh OswalPublic Shareholding1.1%5,92,396
Value Prolific Consulting Services Pvt LtdPublic Shareholding1%5,42,640
Neelu Analjit SinghShareholding of Promoter and Promoter Group0.1%23,800
Piya SinghShareholding of Promoter and Promoter Group0.1%26,258
Tara Singh VachaniShareholding of Promoter and Promoter Group0.1%23,800
Veer SinghShareholding of Promoter and Promoter Group0%0
Sahil VachaniShareholding of Promoter and Promoter Group0%0
Veda VachaniShareholding of Promoter and Promoter Group0%0
Avya VachaniShareholding of Promoter and Promoter Group0%0
Analjit Singh HufShareholding of Promoter and Promoter Group0%0
Abk Consultants Private LimitedShareholding of Promoter and Promoter Group0%0
Anchor Management Services Private LimitedShareholding of Promoter and Promoter Group0%0
Capricorn Health Services Private LimitedShareholding of Promoter and Promoter Group0%0
Capricorn Hospitality Services Private LimitedShareholding of Promoter and Promoter Group0%0
Devavani Lifestyle Private LimitedShareholding of Promoter and Promoter Group0%0
Drugyel Estates Private Limited (bhutan)Shareholding of Promoter and Promoter Group0%0
Gaylord Impex LimitedShareholding of Promoter and Promoter Group0%0
Harmonious Hospitality Private LimitedShareholding of Promoter and Promoter Group0%0
Hometrail Properties Private LimitedShareholding of Promoter and Promoter Group0%0
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Neelu Analjit Singh00%2026-03-31
Analjit Singh00%2026-03-31
Piya Singh00%2026-03-31
Tara Singh Vachani00%2026-03-31
Veer Singh00%2026-03-31
Sahil Vachani00%2026-03-31
Veda Vachani00%2026-03-31
Avya Vachani00%2026-03-31
Analjit Singh Huf00%2026-03-31
Max Ventures Investment Holdings Private Limited00%2026-03-31
Siva Finvest Private Limited (fka Siva Enterprises Private Limited)00%2026-03-31
Abk Consultants Private Limited00%2026-03-31
Board of Directors
NameDesignationYear
Analjit SinghChairman & Independent Directo2025
TARA SINGH VACHANIVice Chairman & Non executive2025
RAJIT MEHTAExecutive Director & MD2025
MOHIT TALWARIndependent Non Exe. Director2025
PRADEEP PANTIndependent Non Exe. Director2025
Niten MalhanIndependent Non Exe. Director2025
Ajit SinghIndependent Non Exe. Director2025
TraptiCompany Sec. & Compli. Officer2025
Mrinalini MirchandaniAdditional Director2025
Segments — Product
SegmentRevenueShare
Growing and nurturing these busines₹0 Cr—
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹10604444
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
2025394001015419
20253910026398
2025000011
Insider / Designated-Person Trades

21 recent disclosure(s)

Mr. Ajay AgrawalDisposal · 24,500
Mr. Sandeep PathakDisposal · 4,700
Mr. Ajay AgrawalDisposal · 8,000
Mr. Ajay AgrawalDisposal · 7,500
Mr. Ajay AgrawalDisposal · 800
Mr. Ajay AgrawalDisposal · 5,200
Substantial Acquisitions (SAST)

3 disclosure(s)

Market04/10/2021 · 1,21,323
Market13/08/2021 · 9,76,083
Market13/08/2021 · 32,60,256
Company Information
Incorporated2019
ChairmanAnaljit Singh
AuditorRavi Rajan & Co LLP
Investor Email[email protected]
🌐 www.maxindia.com ↗

📍 Max House 1 Dr Jha Marg, Okhla, New Delhi, 400018

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