Maxgrow India

  • Market Cap: Micro Cap
  • Industry: BPO/ITeS
  • ISIN: INE485D01043
  • NSEID:
  • BSEID: 521167
INR
49.39
0.00 (0.00%)
BSENSE

Mar 23

BSE+NSE Vol: 1.63 k

  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

1.63 k (400.00%) Volume

Shareholding (Jun 2025)

FII

0.00%

Held by 0 FIIs

DII

0.00%

Held by 0 DIIs

Promoter

92.82%

When is the next results date for Maxgrow India?

08-Aug-2025

Maxgrow India will announce its results on 14 August 2025.

Maxgrow India will declare its results on 14 August 2025.

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How has been the historical performance of Maxgrow India?

01-Oct-2025

Maxgrow India reported a net profit of 29.69 crore and total operating income of 2,757.72 crore for the year ending March 2025, with an operating profit margin of 1.83% and earnings per share of 7.43.

Answer:<BR>Maxgrow India has shown a consolidated net profit of 29.69 crore for the year ending March 2025, with total operating income recorded at 2,757.72 crore. The company's total expenditure, excluding depreciation, was 2,707.25 crore, leading to an operating profit (PBDIT) of 50.47 crore. The profit before tax stood at 29.42 crore, and after accounting for tax, the profit after tax was 29.69 crore. The earnings per share (EPS) for the same period was reported at 7.43, with a diluted EPS of 8.96. The operating profit margin was 1.83%, while the profit after tax margin was 1.08%.<BR><BR>Breakdown:<BR>In the fiscal year ending March 2025, Maxgrow India achieved a total operating income of 2,757.72 crore, with no raw material costs or finished goods purchases reported. The total expenditure, excluding depreciation, amounted to 2,707.25 crore, resulting in an operating profit of 50.47 crore. After accounting for interest and exceptional items, the profit before tax was 29.42 crore, leading to a profit after tax of 29.69 crore. The company reported an EPS of 7.43 and a diluted EPS of 8.96, reflecting a modest operating profit margin of 1.83% and a PAT margin of 1.08%.

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Is Maxgrow India overvalued or undervalued?

04-Dec-2025

As of December 3, 2025, Maxgrow India is considered undervalued with a valuation grade of very attractive, featuring a PE ratio of 2.66, an EV to EBIT of 2.68, and a remarkable ROCE of 390.82%, significantly outperforming peers like Firstsource Solutions and eClerx Services, while achieving a 2340.58% return over the past five years compared to the Sensex's 90.68%.

As of 3 December 2025, the valuation grade for Maxgrow India has moved from risky to very attractive, indicating a significant improvement in its perceived value. The company is currently considered undervalued. Key ratios include a PE ratio of 2.66, an EV to EBIT of 2.68, and an impressive ROCE of 390.82%. <BR><BR>In comparison to its peers, Maxgrow India's valuation stands out, especially against Firstsource Solutions with a PE of 37.13 and eClerx Services at 38.22, both of which are categorized as attractive or very expensive. Notably, Maxgrow's PEG ratio is 0.00, suggesting strong growth potential relative to its price. Additionally, while the stock has shown a remarkable return of 2340.58% over the past five years, the Sensex has returned only 90.68% in the same period, reinforcing the notion that Maxgrow India is currently undervalued.

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Should I buy, sell or hold Maxgrow India Ltd?

30-Dec-2025

Why is Maxgrow India Ltd falling/rising?

17-Mar-2026

As of 17-Mar, Maxgrow India Ltd's stock price is Rs 51.98, unchanged from the previous day, with a significant decline of 4.99% over the past week and 18.51% over the past month. The stock's poor performance, reduced trading activity, and sector challenges are contributing to its downward trend.

As of 17-Mar, Maxgrow India Ltd's stock price is currently at Rs 51.98, showing no change from the previous day. The stock has experienced a decline of 4.99% over the past week and 18.51% over the past month, indicating a significant downward trend in the short term. Today's performance reflects an underperformance against its sector by 2.34%, and the stock opened with a loss of 4.99%, touching an intraday low of Rs 51.98.<BR><BR>The stock's erratic trading pattern is evident, as it did not trade on 4 out of the last 20 days, which may contribute to investor uncertainty. Additionally, there has been a notable decrease in investor participation, with delivery volume dropping by 99.21% against the 5-day average, suggesting reduced interest from investors. <BR><BR>While the company reported strong quarterly results with net sales growing at 236.4% and achieving its highest PAT and PBDIT, the stock has generated a return of 0.00% over the past year, and profits have fallen by 0%. This stagnation in profit growth, combined with the broader sector's decline of 2.67%, may be influencing the stock's current price movement. Overall, the combination of negative short-term performance, reduced trading activity, and sector challenges appears to be driving the stock price of Maxgrow India Ltd down.

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Why is Maxgrow India Ltd falling/rising?

18-Mar-2026

As of 18-Mar, Maxgrow India Ltd's stock price is currently at 51.98, showing no change from the previous trading session. The stock has declined 4.99% over the past week and 18.51% over the past month, indicating a downward trend and reduced investor participation.

As of 18-Mar, Maxgrow India Ltd's stock price is currently at 51.98, showing no change from the previous trading session. However, the stock has experienced a significant decline of 4.99% over the past week and 18.51% over the past month, indicating a downward trend. Today, the stock opened with a loss of 4.99%, reaching an intraday low of Rs 51.98, and has since remained at this price without any range of movement.<BR><BR>The stock has underperformed its sector by 2.34% today, and there has been erratic trading, as it did not trade on 4 out of the last 20 days. Additionally, there is a notable decline in investor participation, with delivery volume dropping by 99.21% against the 5-day average. This lack of trading activity and falling investor interest contribute to the stock's current price stagnation and decline.<BR><BR>While the stock has shown a year-to-date increase of 15.28%, the recent performance indicates a struggle against both the sector and broader market trends, as the BPO/ITeS sector has also fallen by 2.67%. Overall, these factors suggest that Maxgrow India Ltd is currently facing downward pressure on its stock price.

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Why is Maxgrow India Ltd falling/rising?

19-Mar-2026

As of 19-Mar, Maxgrow India Ltd's stock price is Rs 51.98, unchanged from the previous day, but has seen a significant decline of 4.99% today and 18.51% over the past month. This underperformance, coupled with low investor participation and broader sector challenges, indicates a lack of confidence and potential short-term weakness in the stock.

As of 19-Mar, Maxgrow India Ltd's stock price is currently at Rs 51.98, showing no change from the previous day. The stock has experienced a significant decline recently, with a 4.99% drop today alone, which is indicative of a broader trend as it has underperformed the sector by 2.34%. Over the past week, the stock has decreased by 4.99%, and over the past month, it has fallen by 18.51%, compared to a 10.05% decline in the Sensex.<BR><BR>The stock's performance today reflects erratic trading patterns, as it did not trade on 4 out of the last 20 days. It opened with a gap down, indicating a loss of investor confidence. Furthermore, the stock's intraday low matched its opening price, suggesting a lack of upward momentum. The moving averages indicate that while the stock is higher than the 50-day, 100-day, and 200-day moving averages, it is lower than the 5-day and 20-day moving averages, which could signal short-term weakness.<BR><BR>Additionally, there has been a notable decline in investor participation, with delivery volume dropping by 99.21% against the 5-day average, further contributing to the stock's downward pressure. The BPO/ITeS sector, in which Maxgrow operates, has also experienced a decline of 2.67%, reflecting broader market challenges that may be impacting the stock negatively. Overall, these factors collectively explain the current falling trend of Maxgrow India Ltd's stock price.

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Why is Maxgrow India Ltd falling/rising?

20-Mar-2026

As of 20-Mar, Maxgrow India Ltd's stock price is at 51.98, unchanged from the previous day, but has declined 4.99% over the past week and 18.51% over the past month. The stock shows weak investor interest and underperformance compared to its sector, contributing to its downward trend.

As of 20-Mar, Maxgrow India Ltd's stock price is currently at 51.98, showing no change from the previous day. However, the stock has experienced a decline of 4.99% over the past week and 18.51% over the past month, indicating a significant downward trend. Today, the stock opened with a loss of 4.99% and touched an intraday low of Rs 51.98, which reflects a lack of upward momentum.<BR><BR>The stock has underperformed its sector by 2.34% today, and there has been erratic trading, as it did not trade on 4 out of the last 20 days. Additionally, investor participation has fallen sharply, with delivery volume dropping by 99.21% against the 5-day average. This decline in trading activity suggests a lack of interest from investors, contributing to the stock's downward pressure.<BR><BR>While the stock is trading above its 50-day, 100-day, and 200-day moving averages, it is below its 5-day and 20-day moving averages, indicating short-term weakness. The broader sector, BPO/ITeS, has also seen a decline of 2.67%, which may further impact investor sentiment towards Maxgrow India Ltd.<BR><BR>Overall, the combination of poor recent performance, reduced trading activity, and sector-wide declines are contributing to the stock's falling price.

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iScoreScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy

Dashboard

1

With a Operating Losses, the company has a Weak Long Term Fundamental Strength

  • Poor long term growth as Net Sales has grown by an annual rate of % and Operating profit at 0% over the last 5 years
  • Company's ability to service its debt is weak with a poor EBIT to Interest (avg) ratio of 0
2

Positive results in Sep 25

3

With ROE of 3, it has a Very Attractive valuation with a 0.1 Price to Book Value

stock-summaryMojo Parameters

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

stock-summary
Industry

BPO/ITeS

stock-summary
Market cap

INR 197 Cr (Micro Cap)

stock-summary
P/E

4.00

stock-summary
Industry P/E

21

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

0.00

stock-summary
Return on Equity

2.96%

stock-summary
Price to Book

0.12

Revenue and Profits:
Net Sales:
5,305 Cr
(Quarterly Results - Sep 2025)
Net Profit:
95 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
0%
0%
0.0%
6 Months
0%
0%
0.0%
1 Year
0%
0%
0.0%
2 Years
0%
0%
0.0%
3 Years
0%
0%
0.0%
4 Years
0%
0%
0.0%
5 Years
3066.03%
0%
3066.03%

Maxgrow India for the last several years.

Risk Adjusted Returns v/s stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryNews & Corporate Actions

Announcements stock-summary

Shifting Of Registered Office Of The Company

23-Jan-2026 | Source : BSE

As per attachment

Board Meeting Outcome for Unaudited Financial Results For The Quarter Ended September 30 2025

29-Dec-2025 | Source : BSE

We enclose herewith Statement of Un-Audited Standalone and Consolidated financial results for the quarter ended September 30 2025 and also the Limited Review Report furnished by the Statutory Auditors of the Company.

Shifting Of Registered Office Of The Company

29-Dec-2025 | Source : BSE

This is to intimate that the Board of Directors of the Company has decided to shift the registered office of the Company

Corporate Actions stock-summary

stock-summary
BOARD MEETING

No Upcoming Board Meetings

stock-summary
DIVIDEND

No Dividend history available

stock-summary
SPLITS

Maxgrow India Ltd has announced 5:10 stock split, ex-date: 31 Jan 13

stock-summary
BONUS

Maxgrow India Ltd has announced 1:1 bonus issue, ex-date: 05 Dec 08

stock-summary
RIGHTS

No Rights history available

stock-summaryKey Factors

Quality key factors stock-summary

Factor
Value
Sales Growth (5y)
0.00%
EBIT Growth (5y)
0.00%
EBIT to Interest (avg)
0
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
0
Sales to Capital Employed (avg)
0
Tax Ratio
Tax Ratio is Negative%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
-3.43%
ROE (avg)
0

Valuation key factors

Factor
Value
P/E Ratio
4
Industry P/E
21
Price to Book Value
0.12
EV to EBIT
3.80
EV to EBITDA
3.79
EV to Capital Employed
0.11
EV to Sales
0.07
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
2.96%
ROE (Latest)
2.96%

Technicals key factors

Indicator
Weekly
Monthly
MACD
Mildly Bearish
Bullish
RSI
No Signal
Bearish
Bollinger Bands
Mildly Bullish
Mildly Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
Mildly Bearish
Mildly Bullish
OBV
No Trend
No Trend
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Jun 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 0 Schemes

FIIs

Held by 0 FIIs

Promoter with highest holding

Metal Industriail Pte Ltd (92.82%)

Highest Public shareholder

Montex Trading Private Limited (5%)

Individual Investors Holdings

1.16%

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Standalone) - Sep'25 - QoQ",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "QoQ Growth in quarter ended Sep 2025 is 0.00% vs 0.00% in Jun 2025",
        "dir": 0
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "QoQ Growth in quarter ended Sep 2025 is 45.65% vs 89.82% in Jun 2025",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Sep'25",
        "Jun'25",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "-0.23",
          "val2": "-0.45",
          "chgp": "48.89%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "0.02",
          "val2": "0.01",
          "chgp": "100.00%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "-0.25",
          "val2": "-0.46",
          "chgp": "45.65%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "0.00%",
          "val2": "0.00%",
          "chgp": "NA",
          "chgp_class": "neutral"
        }
      ]
    }
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "alert": "No Half Yearly Results declared by Maxgrow India"
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "alert": "No Nine Monthly Results declared by Maxgrow India"
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "alert": "No Annual Results declared by Maxgrow India"
  }
]

Quarterly Results Snapshot (Standalone) - Sep'25 - QoQstock-summary

Sep'25
Jun'25
Change(%)
Net Sales
0.00
0.00
Operating Profit (PBDIT) excl Other Income
-0.23
-0.45
48.89%
Interest
0.02
0.01
100.00%
Exceptional Items
0.00
0.00
Standalone Net Profit
-0.25
-0.46
45.65%
Operating Profit Margin (Excl OI)
0.00%
0.00%
NA
Values in Rs Cr.
Net Sales

QoQ Growth in quarter ended Sep 2025 is 0.00% vs 0.00% in Jun 2025

Direction Arrows
Standalone Net Profit

QoQ Growth in quarter ended Sep 2025 is 45.65% vs 89.82% in Jun 2025

stock-summaryCompany CV
About Maxgrow India Ltd stock-summary
stock-summary
Maxgrow India Ltd
Micro Cap
BPO/ITeS
Frontline Business Solutions Ltd provides value added solutions and services in the areas of staffing, sales and marketing of telecom, financial products, human resource management and solutions, KPO and BPO solutions, call centre, back office process, and event management. The company operates primarily in India.
Company Coordinates stock-summary
Company Details
A/9 Parle Colony Co-operative, Sahakar Road Vile-Parle (East) Mumbai Maharashtra : 400057
stock-summary
Tel: 91-22-26824197
stock-summary
stock-summary
maxgrowindia@gmail.com
Registrar Details
Mondkar Computers Pvt Ltd , 21 Shakil Niwas , Opp. Satya Saibaba Temple, Mahakali Caves Road, Andheri (E), Mumbai