Max India Key Ratios
NSE: MAXIND | BSE: 543223
₹150.79
As on 31-Aug-2026IST
Market cap
₹844 Cr
Revenue (TTM)
₹214 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 | -8.97 | 62.91 | 37.21 | 2.55 | 7.23 |
| EBIT | -100.73 | -22.52 | 0.16 | -269.96 | -219.81 |
| Net Profit | -90.14 | -7.07 | 3.92 | -271.08 | -199.13 |
| EPS | -87.86 | -40.40 | 14.76 | -261.90 | -197.44 |
| 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 | -64.85 | -68.72 | -94.18 |
| Net Margin
| -57.19 | -36.65 | -53.29 | -57.11 | -85.52 |
| Return on equity
| -26.42 | -16.70 | -29.50 | -34.48 | -33.75 |
| Return on Assets
| -15.97 | -10.19 | -19.70 | -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
|
--
|
15.83
|
19.08
|
17.78
|
--
|
ROE
-29.50
Lower than Peers by 42.14
Profit after tax / Average Net worth * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max India
|
-29.50
|
-34.48
|
-33.75
|
-11.03
|
-1.76
|
|
Peer Median
|
12.64
|
13.92
|
14.26
|
17.43
|
--
|
ROA
-19.70
Lower than Peers by 28.24
Profit after tax / Average Total assets * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max India
|
-19.70
|
-18.74
|
-21.32
|
-7.84
|
-1.29
|
|
Peer Median
|
8.54
|
8.91
|
9.57
|
8.31
|
--
|
EBIT Margin
-64.85
Lower than Peers by 81.14
Operating profit (EBIT) / Net Sales * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max India
|
-64.85
|
-68.72
|
-94.18
|
-36.77
|
-3.95
|
|
Peer Median
|
16.30
|
16.13
|
17.87
|
18.12
|
--
|
Net Margin
-53.29
Lower than Peers by 65.58
Net profit / Total Income (Net sales plus other income) * 100
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max India
|
-53.29
|
-57.11
|
-85.52
|
-28.95
|
-4.86
|
|
Peer Median
|
12.30
|
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
37.21
Higher than Peers by 22.62
Year on year growth in net sales
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max India
|
37.21
|
30.98
|
-17.16
|
-12.64
|
-12.55
|
|
Peer Median
|
14.59
|
17.50
|
16.25
|
16.01
|
--
|
EBIT Growth
0.16
Lower than Peers by 17.69
Year on year growth in operating profit (EBIT)
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max India
|
0.16
|
4.42
|
-112.18
|
-713.32
|
4.66
|
|
Peer Median
|
17.85
|
23.53
|
19.31
|
20.43
|
--
|
Net Profit Growth
3.92
Lower than Peers by 14.42
Year on year growth in profit after tax
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max India
|
3.92
|
13.21
|
-149.03
|
-442.97
|
35.65
|
|
Peer Median
|
18.33
|
27.00
|
17.42
|
25.57
|
--
|
EPS Growth
14.76
Lower than Peers by 0.87
Year on year growth in earnings per share
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max India
|
14.76
|
23.75
|
-146.63
|
-441.19
|
19.57
|
|
Peer Median
|
15.63
|
24.10
|
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 0.16
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
|
0.17
|
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
2.35
Higher than Peers by 0.62
Current Assets / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max India
|
2.35
|
2.35
|
1.58
|
2.47
|
2.84
|
|
Peer Median
|
1.74
|
1.60
|
1.37
|
1.58
|
--
|
Quick Ratio
2.26
Higher than Peers by 0.59
(Current Assets - Inventory) / Current Liabilities and Provisions
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max India
|
2.26
|
2.26
|
1.48
|
2.43
|
2.53
|
|
Peer Median
|
1.67
|
1.81
|
2.06
|
1.03
|
--
|
Interest Coverage
-8.83
Lower than Peers by 15.61
Earning before interest and taxes (EBIT) / Interest Expenses
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max India
|
-8.83
|
-7.77
|
-16.19
|
-9.51
|
0.52
|
|
Peer Median
|
6.79
|
5.72
|
7.55
|
5.83
|
--
|
Valuation
Price / Earnings
-6.10
Lower than Peers by 57.45
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
|
-6.10
|
--
|
--
|
--
|
--
|
|
Peer Median
|
51.34
|
51.34
|
52.13
|
48.04
|
--
|
Price / Book Value
2.09
Lower than Peers by 5.61
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
|
7.71
|
6.83
|
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
|
0.11
|
0.07
|
0.13
|
0.21
|
--
|
EV/EBITDA
-9.07
--
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
|
-9.07
|
-6.87
|
-6.98
|
-18.28
|
21.77
|
|
Peer Median
|
--
|
44.34
|
45.21
|
41.01
|
--
|
Market Cap
844
Lower than Peers by 9,542
Current Share price multiplied by latest total number of shares outstanding
|
Company Name
|
TTM
|
Mar-26
|
Mar-25
|
Mar-24
|
Mar-23
|
|---|---|---|---|---|---|
|
Max India
|
844
|
646
|
802
|
853
|
352
|
|
Peer Median
|
10,386
|
10,386
|
10,071
|
5,273
|
--
|