Max India Financials

NSE: MAXIND | BSE: 543223

₹149.69

₹2.83 (1.93%)

As on 05-Nov-2026IST

Market cap

₹856 Cr

Revenue (TTM)

₹255 Cr

P/E Ratio

P/B Ratio

2.2

Div. Yield

0 %

Income Statement (₹ Cr)	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22
Operating Income	255.26	190.56	145.49	175.63	201.03	229.88
Other Income	30.71	22.80	18.69	19.11	12.42	7.56
Total Income	285.97	213.36	164.17	194.74	213.45	237.44
Interest Expense	11.94	13.79	8.06	4.67	6.23	10.28
Operating Expenses	356.96	296.42	263.68	230.05	200.53	231.12
Exceptional Income/Expenses	-3.12	4.78	-12.95	0.02	--	-5.13
Profit before Tax	-114.19	-120.97	-138.58	-49.03	-3.01	-18.03
Taxes	3.11	0.88	1.81	7.34	7.37	-1.89
Profit after Tax	-117.30	-121.85	-140.39	-56.38	-10.38	-16.14
Minority Interest	--	--	--	--	--	--
Share of Associate	-3.37	--	--	--	--	--
Consolidated Profit	-120.67	-121.85	-140.39	-56.38	-10.38	-16.14

Liabilities (₹ Cr)	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22
Shareholder's Funds	394.66	408.30	358.69	492.34	542.11	641.37
Minority Interest	--	--	--	--	--	--
Non-Current Liabilities	98.07	97.71	108.91	53.16	49.85	62.48
Current Liabilities	193.26	161.70	165.11	138.84	161.44	153.19
Total Liabilities	685.99	669.25	632.71	684.34	753.40	858.32

Assets (₹ Cr)	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22
Non-Current Assets	164.03	287.16	277.24	341.09	294.26	307.87
Current Assets	399.91	380.55	260.38	343.25	459.14	549.17
Total Assets	685.99	669.25	632.71	684.34	753.40	858.32
Contingent Liabilities	--	69.78	50.72	50.89	49.34	49.34

Cashflow (₹ Cr)	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22
Cash From Operating Activities	--	-94.72	-127.60	-102.34	69.42	66.50
Cash Flow from Investing Activities	--	-49.71	46.82	158.64	124.07	17.50
Cash from Financing Activities	--	148.31	-12.55	-29.00	-118.54	-93.94
Net Cash Inflow / Outflow	--	3.89	-93.34	27.30	74.94	-9.94

Financials Ratios	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22
Adjusted EPS (₹)	-22.06	-23.20	-30.42	-12.34	-2.28	-2.83
Cash EPS (₹)	-21.43	-18.42	-26.34	-10.11	-0.43	-1.59
Adjusted Book Value (₹)	70.07	68.23	75.52	105.76	118.21	112.40
Dividend per Share (₹)	--	--	--	--	--	--
Cash Flow per Share (₹)	--	-18.03	-29.27	-23.71	16.13	12.36
Free Cash Flow per Share (₹)	--	-25.14	-33.30	-21.64	18.79	12.74

Profitability Ratios	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22
ROCE (%)	--	-27.83	-30.58	-8.39	0.52	-1.06
ROE (%)	-29.23	-34.48	-33.75	-11.03	-1.76	-2.50
ROA (%)	-15.40	-18.74	-21.32	-7.84	-1.29	-1.74
EBIT Margin (%)	-50.87	-68.72	-94.18	-36.77	-3.95	-3.62
Net Margin (%)	-41.02	-57.11	-85.52	-28.95	-4.86	-6.80
Cash Profit Margin (%)	--	-50.77	-83.56	-26.32	-0.96	-3.94

Growth Ratios	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22
Revenue Growth (%)	61.46	30.98	-17.16	-12.64	-12.55	90.17
EBIT Growth (%)	12.97	4.42	-112.18	-713.32	4.66	78.68
Net Profit Growth (%)	19.48	13.21	-149.03	-442.97	35.65	69.18
EPS Growth (%)	27.21	23.75	-146.63	-441.19	19.57	68.73
Book Value Growth (%)	--	2.84	-27.91	-10.24	-15.86	-2.02

Valuation Ratios	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22
Price / Earnings	-6.66	--	--	--	--	--
Price / Book Value	2.17	1.80	2.30	1.77	0.65	0.62
Dividend Yield (%)	--	--	--	--	--	--
EV/EBITDA	-10.97	-6.87	-6.98	-18.28	21.77	65.56
Close Price (₹)	160.83	122.85	174.27	190.91	76.94	69.62
High Price (₹)	228.80	242.40	319.29	220.98	106.17	79.86
Low Price (₹)	120.00	120.00	159.65	72.73	63.00	58.56
Market Cap (₹ Cr)	855.79	645.76	802.27	853.50	351.93	396.93

Solvency Ratios	TTM	Mar-26	Mar-25	Mar-24	Mar-23	Mar-22
Debt to Equity	0.00	0.00	0.00	0.00	0.04	0.06
Short term debt to equity ratio	--	--	--	--	0.00	0.00
Current Ratio	2.07	2.35	1.58	2.47	2.84	3.59
Quick Ratio	1.96	2.26	1.48	2.43	2.53	2.73
Interest Coverage	-8.56	-7.77	-16.19	-9.51	0.52	-0.75

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.

Income Statement (₹ Cr)