Max India Key Ratios
NSE: MAXIND | BSE: 543223
₹146.86
As on 04-Nov-2026 15:57IST
Market cap
₹824 Cr
Revenue (TTM)
₹255 Cr
P/E Ratio
--
P/B Ratio
2.1
Div. Yield
0 %
Key Ratios and Highlights
| Growth Score (%) | Quarterly | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | QoQ | YoY | 1-Year | 3-Years | 5-Years |
| Revenue | 45.28 | 92.18 | 61.46 | 10.48 | 4.51 |
| EBIT | 33.21 | 24.01 | 12.97 | -239.73 | -235.60 |
| Net Profit | 38.68 | 34.70 | 19.48 | -251.69 | -218.70 |
| EPS | 42.74 | 39.38 | 27.21 | -241.63 | -213.56 |
| Book Value | -- | -- | -9.64 | -16.74 | -9.87 |
| Key Ratios (%) | Average | Annual (TTM) | |||
|---|---|---|---|---|---|
| Particulars | 3-Years | 5-Years | TTM | Mar-26 | Mar-25 |
| EBIT-Margin
| -66.56 | -41.45 | -50.87 | -68.72 | -94.18 |
| Net Margin
| -57.19 | -36.65 | -41.02 | -57.11 | -85.52 |
| Return on equity
| -26.42 | -16.70 | -29.23 | -34.48 | -33.75 |
| Return on Assets
| -15.97 | -10.19 | -15.40 | -18.74 | -21.32 |
Profitability
ROCE
--
--
Earning before interest and taxes / (Average net worth + Average total Debt) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max India
|
--
|
-27.83
|
-30.58
|
-8.39
|
0.52
|
|
Peer Median
|
--
|
16.14
|
19.08
|
17.78
|
--
|
ROE
-29.23
Lower than Peers by 41.75
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max India
|
-29.23
|
-34.48
|
-33.75
|
-11.03
|
-1.76
|
|
Peer Median
|
12.52
|
13.07
|
14.26
|
17.43
|
--
|
ROA
-15.40
Lower than Peers by 23.92
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max India
|
-15.40
|
-18.74
|
-21.32
|
-7.84
|
-1.29
|
|
Peer Median
|
8.53
|
8.58
|
9.57
|
8.31
|
--
|
EBIT Margin
-50.87
Lower than Peers by 67.17
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max India
|
-50.87
|
-68.72
|
-94.18
|
-36.77
|
-3.95
|
|
Peer Median
|
16.30
|
17.48
|
17.87
|
18.12
|
--
|
Net Margin
-41.02
Lower than Peers by 53.38
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max India
|
-41.02
|
-57.11
|
-85.52
|
-28.95
|
-4.86
|
|
Peer Median
|
12.37
|
11.59
|
9.83
|
9.95
|
--
|
Cash Profit Margin
--
--
(Net profit + Depreciation) / Gross Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max India
|
--
|
-50.77
|
-83.56
|
-26.32
|
-0.96
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Revenue Growth
61.46
Higher than Peers by 46.77
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max India
|
61.46
|
30.98
|
-17.16
|
-12.64
|
-12.55
|
|
Peer Median
|
14.69
|
20.01
|
16.25
|
16.01
|
--
|
EBIT Growth
12.97
Lower than Peers by 4.79
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max India
|
12.97
|
4.42
|
-112.18
|
-713.32
|
4.66
|
|
Peer Median
|
17.76
|
24.78
|
19.31
|
20.43
|
--
|
Net Profit Growth
19.48
Higher than Peers by 1.35
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max India
|
19.48
|
13.21
|
-149.03
|
-442.97
|
35.65
|
|
Peer Median
|
18.13
|
21.47
|
17.42
|
25.57
|
--
|
EPS Growth
27.21
Higher than Peers by 12.33
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max India
|
27.21
|
23.75
|
-146.63
|
-441.19
|
19.57
|
|
Peer Median
|
14.88
|
24.94
|
16.25
|
--
|
--
|
Book Value Growth
--
--
Year on year growth in book value per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max India
|
--
|
2.84
|
-27.91
|
-10.24
|
-15.86
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Solvency
Debt to Equity
0.00
Lower than Peers by 0.17
Total debt / Net worth
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max India
|
0.00
|
0.00
|
0.00
|
0.00
|
0.04
|
|
Peer Median
|
0.18
|
0.28
|
0.31
|
0.39
|
--
|
Short term debt to equity ratio
--
--
(Short term borrowings / Net worth)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max India
|
--
|
--
|
--
|
--
|
0.00
|
|
Peer Median
|
--
|
--
|
--
|
--
|
--
|
Current Ratio
2.07
Higher than Peers by 0.26
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max India
|
2.07
|
2.35
|
1.58
|
2.47
|
2.84
|
|
Peer Median
|
1.81
|
1.65
|
1.37
|
1.58
|
--
|
Quick Ratio
1.96
Higher than Peers by 0.21
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max India
|
1.96
|
2.26
|
1.48
|
2.43
|
2.53
|
|
Peer Median
|
1.74
|
1.90
|
2.06
|
1.03
|
--
|
Interest Coverage
-8.56
Lower than Peers by 15.35
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max India
|
-8.56
|
-7.77
|
-16.19
|
-9.51
|
0.52
|
|
Peer Median
|
6.78
|
6.03
|
7.55
|
5.83
|
--
|
Valuation
Price / Earnings
-6.48
Lower than Peers by 52.79
Current share price divided by earning per share in the last twelve months
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max India
|
-6.48
|
--
|
--
|
--
|
--
|
|
Peer Median
|
46.31
|
49.73
|
52.13
|
48.04
|
--
|
Price / Book Value
2.09
Lower than Peers by 4.62
Current share price divided by book value per share in the latest financial year
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max India
|
2.09
|
1.80
|
2.30
|
1.77
|
0.65
|
|
Peer Median
|
6.71
|
6.71
|
6.84
|
6.39
|
--
|
Dividend Yield
--
--
Dividend per share in the past twelve months divided by current share price
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max India
|
--
|
--
|
--
|
--
|
--
|
|
Peer Median
|
0.16
|
0.08
|
0.13
|
0.21
|
--
|
EV/EBITDA
-10.52
--
Enterprise Value (Current Market Capitalisation + Total Debt - Cash & Equivalents) / Earnings before interest, taxes, depreciation and taxes (EBITDA)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max India
|
-10.52
|
-6.87
|
-6.98
|
-18.28
|
21.77
|
|
Peer Median
|
--
|
37.63
|
45.21
|
41.01
|
--
|
Market Cap
824
Lower than Peers by 8,650
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max India
|
824
|
646
|
802
|
853
|
352
|
|
Peer Median
|
9,474
|
9,039
|
10,071
|
5,273
|
--
|