Share Price | Maxgrow India Ltd Stock Analysis & Recommendation

Q: When is the next results date for Maxgrow India?

Maxgrow India will declare its results on 14 August 2025.

Q: How has been the historical performance of Maxgrow India?

Answer: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%.Breakdown: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%.

Q: Is Maxgrow India overvalued or undervalued?

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%. 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.

Q: Should I buy, sell or hold Maxgrow India Ltd?

Based on the current situation of Maxgrow India Ltd, it would be advisable to consider selling your shares. The company is facing operating losses and has demonstrated weak long-term fundamental strength, with poor growth in net sales and operating profit over the past five years. Additionally, the company's ability to service its debt is concerning, highlighted by a weak EBIT to interest ratio.While it is worth noting that Maxgrow has reported positive results for the last two consecutive quarters, including record net sales and profits before depreciation, interest, and taxes, these short-term gains do not outweigh the long-term challenges the company faces. The return on equity is low at 3, and despite a very attractive valuation indicated by a low price-to-book ratio, the overall financial health and growth prospects suggest that holding or buying more shares may not be prudent at this time.In summary, given the operating losses and weak fundamentals, selling would be the more cautious approach.

Q: Why is Maxgrow India Ltd falling/rising?

As of 12-Apr, Maxgrow India Ltd's stock price is rising, currently at Rs 44.00, reflecting an increase of Rs 1.85 or 4.39%. This upward movement is supported by several factors. The stock has outperformed its sector by 4% today and has been on a positive trend, gaining for the last three consecutive days with a total return of 15.03% during this period. Additionally, the stock opened with a significant gap up of 4.98% today and reached an intraday high of Rs 44.25.Investor participation has also increased, evidenced by a delivery volume of 51.69k on 09 April, which is up by 32.26% compared to the 5-day average. The stock's performance is further bolstered by its trading above the 5-day, 50-day, 100-day, and 200-day moving averages, indicating a strong short-term trend despite being lower than the 20-day moving average. Overall, these factors contribute to the rising stock price of Maxgrow India Ltd.

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

23.12 k (1,304.51%) Volume

Shareholding (Sep 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.

View full answer

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.

View full answer

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%.

View full answer

Should I buy, sell or hold Maxgrow India Ltd?

04-Apr-2026

Why is Maxgrow India Ltd falling/rising?

12-Apr-2026

As of 12-Apr, Maxgrow India Ltd's stock price is rising to Rs 44.00, up 4.39% and has gained 15.03% over the last three days. The stock shows strong investor participation and is trading above key moving averages, indicating a positive trend.

View full answer

Which are the latest news on Maxgrow India?

13-Apr-2026

Maxgrow India Ltd Downgraded to Sell Amid Technical and Fundamental Concerns
Maxgrow India Ltd is Rated Hold by MarketsMOJO

Compare Maxgrow India with Similar Stocks

Firstsour.Solu.Fourth Gen.eClerx Services

Score

Click here to find our call on this stock

Strong Sell

Sell

Hold

Buy

Strong Buy

Dashboard

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

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

Industry

BPO/ITeS

Market cap

INR 176 Cr (Micro Cap)

P/E

1.00

Industry P/E

Dividend Yield

0.00%

Debt Equity

0.00

Return on Equity

2.96%

Price to Book

0.10

Revenue and Profits:

Net Sales:

6,106 Cr

(Quarterly Results - Dec 2025)

Net Profit:

111 Cr

Total Returns

Total Returns (Price + Dividend)

Dividend Yield (0%)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

-7.26%

6 Months

111.91%

1 Year

0.0%

2 Years

0.0%

3 Years

0.0%

4 Years

0.0%

5 Years

2873.55%

Maxgrow India for the last several years.

Risk Adjusted Returns v/s

Returns Beta

Beta has not been calculated since enough price history is not available

News & Corporate Actions

News

Maxgrow India Ltd Downgraded to Sell Amid Technical and Fundamental Concerns

Maxgrow India Ltd has seen its investment rating downgraded from Hold to Sell as of 2 April 2026, reflecting a combination of deteriorating technical indicators, weak long-term fundamentals, and valuation concerns despite recent quarterly financial highs. The micro-cap stock’s current Mojo Score stands at 43.0, signalling caution for investors amid a challenging market backdrop.

Read full news article

Maxgrow India Ltd is Rated Hold by MarketsMOJO

Maxgrow India Ltd is rated 'Hold' by MarketsMOJO, a rating that was last updated on 01 Oct 2025. However, the analysis and financial metrics discussed here reflect the company’s current position as of 24 March 2026, providing investors with an up-to-date view of its fundamentals, valuation, financial trends, and technical outlook.

Read full news article

Maxgrow India Ltd is Rated Hold by MarketsMOJO

Maxgrow India Ltd is rated 'Hold' by MarketsMOJO, with this rating last updated on 01 Oct 2025. However, the analysis and financial metrics discussed here reflect the company’s current position as of 12 March 2026, providing investors with an up-to-date view of the stock’s fundamentals, valuation, financial trends, and technical outlook.

Read full news article

Announcements

Announcement under Regulation 30 (LODR)-Newspaper Publication

06-Apr-2026 | Source : BSE

Newspaper Publication of the un-audited finaicial results (Standalone and Consolidated) for the quarter and nine month ended December 31 2025.

Appointment of Company Secretary and Compliance Officer

03-Apr-2026 | Source : BSE

Appointment of Mr. Akshay Kene as the Company Secretary & Compliance Officer of the Company

Board Meeting Outcome for Outcome Of Board Meeting Of The Company Held On Friday April 03 2026.

03-Apr-2026 | Source : BSE

Outcome of Board Meeting of the Company held on Friday April 03 2026.

Corporate Actions

BOARD MEETING

No Upcoming Board Meetings

DIVIDEND

No Dividend history available

SPLITS

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

BONUS

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

RIGHTS

No Rights history available

Key Factors

Quality key factors

Factor

Value

Sales Growth (5y)

0.00%

EBIT Growth (5y)

0.00%

EBIT to Interest (avg)

Debt to EBITDA (avg)

Negative Net Debt

Net Debt to Equity (avg)

Sales to Capital Employed (avg)

0.34

Tax Ratio

Tax Ratio is Negative%

Dividend Payout Ratio

Pledged Shares

Institutional Holding

ROCE (avg)

-3.43%

ROE (avg)

Valuation key factors

Factor

Value

P/E Ratio

Industry P/E

Price to Book Value

0.10

EV to EBIT

3.37

EV to EBITDA

3.36

EV to Capital Employed

0.10

EV to Sales

0.06

PEG Ratio

Dividend Yield

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 Bearish

Mildly Bullish

Moving Averages

Mildly Bullish (Daily)

KST

Mildly Bearish

Bullish

Dow Theory

Mildly Bearish

OBV

Bearish

Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish Turned

Shareholding

Shareholding Snapshot : Sep 2025

Shareholding Compare (%holding)

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

1.13%

Financial

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Quarterly Results Snapshot (Standalone) - Dec'25 - QoQ

Dec'25

Sep'25

Change(%)

Net Sales

0.00

Operating Profit (PBDIT) excl Other Income

-0.18

-0.25

28.00%

Interest

0.02

Exceptional Items

0.00

Standalone Net Profit

-0.20

-0.27

25.93%

Operating Profit Margin (Excl OI)

0.00%

Values in Rs Cr.

Compare with Peers

Net Sales

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

Standalone Net Profit

QoQ Growth in quarter ended Dec 2025 is 25.93% vs 41.30% in Sep 2025

All Quarterly Results

Half Yearly Results Snapshot (Consolidated) - Sep'25

Sep'25

Sep'24

Change(%)

Net Sales

8,854.93

0.00

Operating Profit (PBDIT) excl Other Income

163.77

-0.07

2,34,057.14%

Interest

0.04

0.00

Exceptional Items

0.00

Consolidate Net Profit

163.24

-0.07

2,33,300.00%

Operating Profit Margin (Excl OI)

1.85%

0.00%

1.85%

Values in Rs Cr.

Compare with Peers

Net Sales

Not Applicable: The company has declared_date for only one period

Consolidated Net Profit

Not Applicable: The company has declared_date for only one period

All Half Yearly Results

Nine Monthly Results Snapshot (Consolidated) - Dec'25

Dec'25

Dec'24

Change(%)

Net Sales

14,961.05

0.00

Operating Profit (PBDIT) excl Other Income

275.55

-0.21

1,31,314.29%

Interest

0.06

0.01

500.00%

Exceptional Items

0.00

-20.88

100.00%

Consolidate Net Profit

274.72

-20.84

1,418.23%

Operating Profit Margin (Excl OI)

1.84%

0.00%

1.84%

Values in Rs Cr.

Compare with Peers

Net Sales

Not Applicable: The company has declared_date for only one period

Consolidated Net Profit

Not Applicable: The company has declared_date for only one period

All Nine Monthly Results

Annual Results Snapshot (Standalone) - Mar'25

Mar'25

Mar'24

Change(%)

Net Sales

0.00

Operating Profit (PBDIT) excl Other Income

-4.73

-0.12

-3,841.67%

Interest

0.02

0.00

Exceptional Items

-20.88

0.00

Standalone Net Profit

-25.36

-0.12

-21,033.33%

Operating Profit Margin (Excl OI)

0.00%

Values in Rs Cr.

Compare with Peers

Net Sales

YoY Growth in year ended Mar 2025 is 0.00% vs -100.00% in Mar 2024

Standalone Net Profit

YoY Growth in year ended Mar 2025 is -21,033.33% vs 7.69% in Mar 2024

All Annual Results

Company CV

About Maxgrow India Ltd

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

Company Details

A/9 Parle Colony Co-operative, Sahakar Road Vile-Parle (East) Mumbai Maharashtra : 400057

Tel: 91-22-26824197

maxgrowindia@gmail.com

Registrar Details

Mondkar Computers Pvt Ltd , 21 Shakil Niwas , Opp. Satya Saibaba Temple, Mahakali Caves Road, Andheri (E), Mumbai