Max India Ltd

  • Market Cap: Micro Cap
  • Industry: Holding Company
  • ISIN: INE0CG601016
  • NSEID: MAXIND
  • BSEID: 543223
INR
185.65
-1.65 (-0.88%)
BSENSE

Dec 17

BSE+NSE Vol: 33.75 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

33.75 k

Shareholding (Dec 2020)

FII

16.34%

Held by 0 FIIs

DII

3.07%

Held by 1 DIIs

Promoter

40.89%

Who are in the management team of Max India Ltd?

06-Jun-2025

As of March 2022, the management team of Max India Ltd includes Chairman Analjit Singh, Managing Director Rajit Mehta, and several independent and non-executive directors, totaling 12 key members responsible for the company's governance and strategic direction.

As of March 2022, the management team of Max India Ltd includes the following individuals:<BR><BR>1. Analjit Singh - Chairman & Non Executive Director<BR>2. Rajit Mehta - Managing Director<BR>3. Ashok Brijmohan Kacker - Independent Director<BR>4. Mohit Talwar - Non Executive Director<BR>5. Sharmila Mansur Ali Tagore - Independent Director<BR>6. Pradeep Pant - Independent Director<BR>7. Tara Singh Vachani - Non Executive Director<BR>8. Bhawna Agarwaal - Independent Director<BR>9. Niten Malhan - Independent Director<BR>10. Rohit Kapoor - Independent Director<BR>11. Ajit Singh - Independent Director<BR>12. Pankaj Chawla - Company Secretary & Compliance Officer<BR><BR>This team comprises a mix of executive and independent directors, contributing to the governance and strategic direction of the company.

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What does Max India Ltd do?

06-Jun-2025

No Company Information Available

When is the next results date for Max India Ltd?

06-Jun-2025

No Upcoming Board Meetings

Has Max India Ltd declared dividend?

06-Jun-2025

No Dividend History Available

Who are the peers of the Max India Ltd?

03-Jun-2025

Max India Ltd's peers include Bajaj Finance, Bajaj Finserv, SBI Life Insurance, HDFC Life Insurance, and others. HDFC Life Insurance leads in 1-year returns at 37.71%, while Max India Ltd has a return of -26.26%.

Peers: The peers of Max India Ltd are Bajaj Finance, Bajaj Finserv, SBI Life Insuran, HDFC Life Insur., SBI Cards, Tour. Fin. Corp., Satin Creditcare, Oswal Green Tech, Sastasundar Ven., Gloster Ltd.<BR><BR>Quality Snapshot: Excellent management risk is observed at Bajaj Finance and SBI Cards, while Good management risk is found at Bajaj Finserv. Average management risk is noted at SBI Life Insuran, HDFC Life Insur., and Gloster Ltd, and the rest have Below Average management risk. Growth is rated as Good for Bajaj Finance, Average for Bajaj Finserv, SBI Life Insuran, HDFC Life Insur., and SBI Cards, while the rest exhibit Below Average growth. All peers maintain an Excellent capital structure.<BR><BR>Return Snapshot: HDFC Life Insur. has the highest 1-year return at 37.71%, while Satin Creditcare has the lowest at -28.52%. Max India Ltd's 1-year return is -26.26%, which is higher than Satin Creditcare's but significantly lower than HDFC Life Insur.'s. Additionally, Satin Creditcare, Oswal Green Tech, Sastasundar Ven., and Gloster Ltd have negative six-month returns.

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What is the technical trend for Max India Ltd?

09-Jun-2025

As of June 6, 2025, Max India Ltd is in a bearish trend, supported by daily moving averages and Bollinger Bands, despite mixed signals from the MACD and mild bearishness indicated by KST and OBV.

As of 6 June 2025, the technical trend for Max India Ltd has changed from mildly bearish to bearish. The current stance is bearish, with moderate strength indicated by the daily moving averages showing bearish signals. The weekly MACD is mildly bullish, but the monthly MACD is mildly bearish, suggesting mixed signals across different time frames. Bollinger Bands are bearish on both weekly and monthly charts, reinforcing the bearish outlook. The KST and OBV indicate mild bearishness on the weekly, with no trend on the monthly. Overall, the combination of these indicators points to a bearish trend for Max India Ltd.

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Who are the top shareholders of the Max India Ltd?

17-Jul-2025

The top shareholders of Max India Ltd include Max Ventures Investment Holdings Private Limited with 38.55%, followed by 29 Foreign Institutional Investors holding 16.34%, and individual investors with 30.97%. Ashish Dhawan is the largest public shareholder with a 6.062% stake.

The top shareholders of Max India Ltd include several key players. The majority of the shares are held by promoters, with Max Ventures Investment Holdings Private Limited being the largest shareholder, holding 38.55%. Additionally, there are 29 Foreign Institutional Investors (FIIs) who collectively hold 16.34% of the shares. The highest public shareholder is Ashish Dhawan, with a stake of 6.062%. Individual investors collectively hold 30.97% of the company. It's worth noting that there is a pledged promoter holding of 6.2431%.

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How big is Max India Ltd?

24-Jul-2025

As of 31st March, Max India Ltd does not have a specified market capitalization. The latest quarterly performance shows net sales of 145.49 Cr and a net loss of 140.39 Cr, with shareholder's funds at 492.34 Cr and total assets of 684.34 Cr.

As of 31st March, <BR><BR>Market Cap: Max India Ltd does not have a specified market capitalization value.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 145.49 Cr, while the sum of Net Profit for the same period shows a loss of 140.39 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period is the latest annual period ending in March 2024. Shareholder's Funds are valued at 492.34 Cr, and Total Assets amount to 684.34 Cr.

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How has been the historical performance of Max India Ltd?

15-Nov-2025

Max India Ltd has experienced a declining trend in net sales and profitability, with net sales dropping from 201.03 Cr in March 2023 to 145.49 Cr in March 2025, resulting in significant losses and negative cash flow. Total assets also decreased from 753.40 Cr to 632.85 Cr during the same period.

Answer:<BR>The historical performance of Max India Ltd shows a declining trend in net sales and profitability over the past several years, culminating in significant losses in the most recent fiscal year.<BR><BR>Breakdown:<BR>Max India Ltd's net sales have decreased from 201.03 Cr in March 2023 to 145.49 Cr in March 2025, reflecting a downward trend over the years. The total operating income followed a similar pattern, dropping from 229.88 Cr in March 2022 to 145.49 Cr in March 2025. The company's total expenditure, excluding depreciation, has increased significantly, reaching 263.67 Cr in March 2025, up from 194.30 Cr in March 2023. This rise in expenditure has contributed to an operating profit (PBDIT) of -99.50 Cr in March 2025, a stark contrast to the positive operating profit of 19.15 Cr in March 2023. Consequently, the profit before tax has worsened to -139.33 Cr in March 2025 from -1.76 Cr in March 2023, leading to a profit after tax of -141.14 Cr in March 2025. The company's total assets have also declined from 753.40 Cr in March 2023 to 632.85 Cr in March 2025, while total liabilities decreased slightly from 684.34 Cr to 632.85 Cr in the same period. Cash flow from operating activities has remained negative, with a cash outflow of -127.00 Cr in March 2025, indicating ongoing financial challenges for the company.

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Which are the latest news on Max India Ltd?

17-Dec-2025

Why is Max India Ltd falling/rising?

17-Dec-2025

As of 17-Dec, Max India Ltd's stock price is at 185.65, reflecting a significant decline of 27.80% year-to-date and underperforming against the Sensex. The stock is in a bearish trend, trading below its moving averages, with decreased investor participation indicating a lack of confidence.

As of 17-Dec, Max India Ltd's stock price is falling, currently at 185.65, which reflects a decrease of 1.65 or 0.88%. The stock has underperformed significantly compared to the benchmark Sensex, with a one-week decline of 4.18% while the Sensex has increased by 0.20%. Over the past month, the stock has dropped by 9.24%, contrasting with a slight decline of 0.46% in the Sensex. Year-to-date, Max India Ltd has experienced a substantial decline of 27.80%, while the Sensex has gained 8.22%. The one-year performance shows a decrease of 35.81% for Max India Ltd compared to a 4.80% increase in the Sensex.<BR><BR>Additionally, the stock is trading below its moving averages across various time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. Investor participation has also fallen, with a delivery volume of 52.63k on February 23, which is down by 66.02% against the 5-day average delivery volume. This decline in trading activity suggests a lack of confidence among investors, contributing to the stock's downward movement. Overall, these factors indicate a persistent decline in Max India Ltd's stock price.

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iScoreScore
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Strong Sell
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Strong Buy

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stock-summaryMojo Parameters
Mojo Parameters
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Stock DNA
stock-summary
Industry

Holding Company

stock-summary
Market cap

INR Cr (Micro Cap)

stock-summary
P/E

0

stock-summary
Industry P/E

NA

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

0.00

stock-summary
Return on Equity

0.00%

stock-summary
Price to Book

0.00

Revenue and Profits:
Net Sales:
45 Cr
(Quarterly Results - Sep 2025)
Net Profit:
-34 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-12.66%
0%
-12.66%
6 Months
-4.3%
0%
-4.3%
1 Year
-35.81%
0%
-35.81%
2 Years
34.73%
0%
34.73%
3 Years
88.96%
0%
88.96%
4 Years
161.5%
0%
161.5%
5 Years
222.95%
0%
222.95%

Max India Ltd for the last several years.

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

Why is Max India Ltd falling/rising?

Persistent Underperformance Against Benchmarks

Max India Ltd has been struggling to keep pace with the broader market indices, as evidenced by its recent returns compared to the Sensex. Over the past week, the stock has fallen by 4.16%, while the Sensex remained virtually flat, gaining a marginal 0.02%. This negative divergence has extended over longer periods as well. In the last month, Max India Ltd’s share price declined by 8.81%, contrasting with the Sensex’s modest 0.14% gain. Year-to-date figures reveal a stark contrast, with the stock down 26.95% against the Sensex’s 8.37% rise. Over the past year, the stock has fallen 34.25%, while the Sensex has advanced 3.59%. These figures highlight a sustained period of underperformance that has weighed heavily on investor confide...

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Announcements stock-summary

Receipt Of RD Order For Change In Registered Office

16-Dec-2025 | Source : BSE

As per detailed disclosure enclosed.

Announcement under Regulation 30 (LODR)-Press Release / Media Release

15-Dec-2025 | Source : BSE

As per detailed disclosure enclosed.

Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

12-Dec-2025 | Source : BSE

As per detailed disclosure enclosed.

Corporate Actions stock-summary
stock-summary
BOARD MEETING

No Upcoming Board Meetings

stock-summary
DIVIDEND

No Dividend history available

stock-summary
SPLITS

No Splits history available

stock-summary
BONUS

No Bonus history available

stock-summary
RIGHTS

No Rights history available

stock-summaryKey Factors
Quality key factors stock-summary
Factor
Value
Sales Growth (5y)
0.27%
EBIT Growth (5y)
-281.88%
Net Debt to Equity (avg)
0.44
Institutional Holding
8.51%
ROE (avg)
0
Valuation key factors
Factor
Value
P/E Ratio
Industry P/E
Price to Book Value
EV to EBIT
0.90
EV to EBITDA
1.06
EV to Capital Employed
-0.41
EV to Sales
-0.85
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
Negative Capital Employed
ROE (Latest)
-31.10%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Mildly Bullish (Daily)
KST
Bearish
Mildly Bearish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
Mildly Bearish
Mildly Bearish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Dec 2020stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

6.2431

Mutual Funds

Held by 2 Schemes (0.0%)

FIIs

Held by 29 FIIs (16.34%)

Promoter with highest holding

Max Ventures Investment Holdings Private Limited (38.55%)

Highest Public shareholder

Ashish Dhawan (6.062%)

Individual Investors Holdings

30.97%

stock-summaryFinancial
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          "chgp": "57.06%",
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          "field": "Exceptional Items",
          "val1": "-12.60",
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          "chgp_class": "neutral"
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          "field": "Consolidate Net Profit",
          "val1": "-94.30",
          "val2": "-34.81",
          "chgp": "-170.90%",
          "chgp_class": "negative"
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          "field": "Operating Profit Margin (Excl OI)",
          "val1": "-75.72%",
          "val2": "-25.26%",
          "chgp": "-50.46%",
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Quarterly Results Snapshot (Consolidated) - Sep'25 - QoQstock-summary
Sep'25
Jun'25
Change(%)
Net Sales
45.16
36.67
23.15%
Operating Profit (PBDIT) excl Other Income
-30.26
-27.85
-8.65%
Interest
4.06
3.52
15.34%
Exceptional Items
-0.03
7.88
-100.38%
Consolidate Net Profit
-34.07
-25.64
-32.88%
Operating Profit Margin (Excl OI)
-67.01%
-75.95%
8.94%
Values in Rs Cr.
Direction Arrows
Net Sales

QoQ Growth in quarter ended Sep 2025 is 23.15% vs -11.68% in Jun 2025

Direction Arrows
Consolidated Net Profit

QoQ Growth in quarter ended Sep 2025 is -32.88% vs 44.37% in Jun 2025

Half Yearly Results Snapshot (Consolidated) - Sep'25stock-summary
Sep'25
Sep'24
Change(%)
Net Sales
81.83
69.23
18.20%
Operating Profit (PBDIT) excl Other Income
-58.11
-49.09
-18.37%
Interest
7.58
3.19
137.62%
Exceptional Items
7.85
0.00
Consolidate Net Profit
-59.71
-49.70
-20.14%
Operating Profit Margin (Excl OI)
-71.01%
-70.91%
-0.10%
Values in Rs Cr.
Direction Arrows
Net Sales

Growth in half year ended Sep 2025 is 18.20% vs -22.99% in Sep 2024

Direction Arrows
Consolidated Net Profit

Growth in half year ended Sep 2025 is -20.14% vs -193.91% in Sep 2024

Nine Monthly Results Snapshot (Consolidated) - Dec'24stock-summary
Dec'24
Dec'23
Change(%)
Net Sales
103.97
130.59
-20.38%
Operating Profit (PBDIT) excl Other Income
-78.73
-32.99
-138.65%
Interest
5.23
3.33
57.06%
Exceptional Items
-12.60
0.00
Consolidate Net Profit
-94.30
-34.81
-170.90%
Operating Profit Margin (Excl OI)
-75.72%
-25.26%
-50.46%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in nine months ended Dec 2024 is -20.38% vs -9.74% in Dec 2023

Direction Arrows
Consolidated Net Profit

YoY Growth in nine months ended Dec 2024 is -170.90% vs -355.03% in Dec 2023

Annual Results Snapshot (Consolidated) - Mar'25stock-summary
Mar'25
Mar'24
Change(%)
Net Sales
145.49
175.63
-17.16%
Operating Profit (PBDIT) excl Other Income
-118.18
-54.50
-116.84%
Interest
8.06
4.59
75.60%
Exceptional Items
-12.95
0.02
-64,850.00%
Consolidate Net Profit
-140.39
-56.38
-149.01%
Operating Profit Margin (Excl OI)
-81.23%
-31.03%
-50.20%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2025 is -17.16% vs -12.63% in Mar 2024

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Mar 2025 is -149.01% vs -442.12% in Mar 2024

stock-summaryCompany CV
About Max India Ltd stock-summary
stock-summary
Max India Ltd
Micro Cap
Holding Company
New Max India Limited (MIL) was formed in June, 2020 after Max India - the erstwhile arm of the $4-billion Max Group - merged its healthcare assets into Max Healthcare and demerged its senior care and other allied businesses in June, 2020 into a new wholly owned subsidiary called Advaita Allied Health Services Limited which was later renamed as Max India Limited.
Company Coordinates stock-summary
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No Company Details Available