Max India Ltd

  • Market Cap: Micro Cap
  • Industry: Holding Company
  • ISIN: INE0CG601016
  • NSEID: MAXIND
  • BSEID: 543223
INR
158.00
3.25 (2.1%)
BSENSE

Jun 12, 12:53 PM

BSE+NSE Vol: 11.87 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

11.87 k

Shareholding (Dec 2020)

FII

16.34%

Held by 0 FIIs

DII

3.07%

Held by 1 DIIs

Promoter

40.89%

Why is Max India Ltd falling/rising?

12-Jun-2026

As of 11-Jun, Max India Ltd's stock price is declining, currently at 154.75, down 2.4% and significantly underperforming the Sensex. The stock has dropped 11.85% over the past month and is trading below its moving averages, indicating a bearish trend and reduced investor interest.

As of 11-Jun, Max India Ltd's stock price is falling, currently at 154.75, which reflects a decrease of 3.8 points or 2.4%. The stock has underperformed compared to the benchmark Sensex, which has only declined by 0.71% over the past week. Over the last month, Max India Ltd has experienced a significant drop of 11.85%, while the Sensex has decreased by just 2.87%. Year-to-date, the stock is down 15.90%, compared to a 13.36% decline in the Sensex. <BR><BR>Additionally, the stock has been 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 sharply, with delivery volume dropping by 66.02% against the 5-day average, suggesting reduced interest in the stock. Overall, these factors contribute to the ongoing decline in Max India Ltd's stock price.

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Which are the latest news on Max India Ltd?

12-Jun-2026
No latest news for Max India Ltd found.

What does Max India Ltd do?

11-Jun-2026

No Company Information Available

How big is Max India Ltd?

11-Jun-2026

As of 25th March, Max India Ltd does not have a specified market capitalization. The latest quarterly performance shows net sales of 190.56 Cr and a net loss of 121.85 Cr, with shareholder's funds at 358.69 Cr and total assets of 632.85 Cr.

As of 25th March, <BR><BR>Market Cap: Max India Ltd does not have a specified market capitalization value. Therefore, it cannot be classified into any market cap type.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters is 190.56 Cr. The sum of Net Profit for the latest 4 quarters shows a loss of 121.85 Cr.<BR><BR>Balance Sheet Snapshot: The reporting period is the latest annual period ending in March 2025. Shareholder's Funds are valued at 358.69 Cr, while Total Assets amount to 632.85 Cr.

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Who are in the management team of Max India Ltd?

11-Jun-2026

The management team of Max India Ltd includes Chairman Analjit Singh, Managing Director Rajit Mehta, and several independent and non-executive directors, totaling 12 members, including Company Secretary Pankaj Chawla. This diverse team provides strong leadership and expertise to the company.

The management team of Max India Ltd includes the following members:<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 brings a diverse range of expertise and leadership to the company.

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Who are the peers of the Max India Ltd?

11-Jun-2026

Max India Ltd's peers include Bajaj Finance, Bajaj Finserv, SBI Life Insurance, HDFC Life Insurance, SBI Cards, and others. In terms of management risk, growth, and capital structure, Bajaj Finance and Bajaj Finserv perform well, while Tour. Fin. Corp. has the highest 1-year return at 61.84%, and Max India Ltd's return is -19.15%.

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, Health X Platfor, Gloster Ltd, and Oswal Green Tech.<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 present at SBI Life Insuran, HDFC Life Insur., and Gloster Ltd, and the rest have Below Average management risk, including Tour. Fin. Corp., Satin Creditcare, Health X Platfor, and Oswal Green Tech. Growth is rated as Good for Bajaj Finance and Bajaj Finserv, Average for SBI Life Insuran, HDFC Life Insur., and SBI Cards, while Below Average growth is noted for Tour. Fin. Corp., Gloster Ltd, and the rest. Capital Structure is Excellent for Bajaj Finserv, SBI Life Insuran, HDFC Life Insur., SBI Cards, and Oswal Green Tech, while Average is seen at Gloster Ltd, and the rest have Excellent capital structure.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Tour. Fin. Corp. at 61.84%, while the lowest is SBI Cards at -41.99%. Max India Ltd's 1-year return is -19.15%, which is better than SBI Cards but worse than the other peers. Additionally, the six-month return is negative for HDFC Life Insur., SBI Cards, and Oswal Green Tech.

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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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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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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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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

iScoreScore
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Strong Sell
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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:
66 Cr
(Quarterly Results - Mar 2026)
Net Profit:
-19 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
6.76%
0%
6.76%
6 Months
-18.13%
0%
-18.13%
1 Year
-16.91%
0%
-16.91%
2 Years
-41.34%
0%
-41.34%
3 Years
42.45%
0%
42.45%
4 Years
142.09%
0%
142.09%
5 Years
137.51%
0%
137.51%

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

Icon
No Recent News for the Company

Announcements stock-summary

Grant Of Options Under Max India Limited Employee Stock Option Plan 2020

09-Jun-2026 | Source : BSE

As per detailed disclosure enclosed.

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

09-Jun-2026 | Source : BSE

As per detailed disclosure enclosed.

Announcement under Regulation 30 (LODR)-Earnings Call Transcript

04-Jun-2026 | 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)
9.53%
EBIT Growth (5y)
-209.32%
Net Debt to Equity (avg)
0.24
Institutional Holding
8.70%
ROE (avg)
0

Valuation key factors

Factor
Value
P/E Ratio
Industry P/E
Price to Book Value
EV to EBIT
-0.02
EV to EBITDA
-0.02
EV to Capital Employed
0.01
EV to Sales
0.01
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
-31.89%
ROE (Latest)
-31.01%

Technicals key factors

Indicator
Weekly
Monthly
MACD
Mildly Bullish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Mildly Bullish
Bearish
Dow Theory
Mildly Bullish
No Trend
OBV
No Trend
Mildly Bullish
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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Quarterly Results Snapshot (Consolidated) - Mar'26 - QoQstock-summary

Mar'26
Dec'25
Change(%)
Net Sales
65.63
43.10
52.27%
Operating Profit (PBDIT) excl Other Income
-13.22
-34.53
61.71%
Interest
2.76
3.45
-20.00%
Exceptional Items
-0.20
-2.87
93.03%
Consolidate Net Profit
-19.29
-42.85
54.98%
Operating Profit Margin (Excl OI)
-20.14%
-80.12%
59.98%
Values in Rs Cr.
Direction Arrows
Net Sales

QoQ Growth in quarter ended Mar 2026 is 52.27% vs -4.56% in Dec 2025

Direction Arrows
Consolidated Net Profit

QoQ Growth in quarter ended Mar 2026 is 54.98% vs -25.77% in Dec 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'25stock-summary

Dec'25
Dec'24
Change(%)
Net Sales
124.93
103.97
20.16%
Operating Profit (PBDIT) excl Other Income
-92.64
-78.73
-17.67%
Interest
11.03
5.23
110.90%
Exceptional Items
4.98
-12.60
139.52%
Consolidate Net Profit
-102.56
-94.30
-8.76%
Operating Profit Margin (Excl OI)
-74.15%
-75.72%
1.57%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in nine months ended Dec 2025 is 20.16% vs -20.38% in Dec 2024

Direction Arrows
Consolidated Net Profit

YoY Growth in nine months ended Dec 2025 is -8.76% vs -170.90% in Dec 2024

Annual Results Snapshot (Consolidated) - Mar'26stock-summary

Mar'26
Mar'25
Change(%)
Net Sales
190.56
145.49
30.98%
Operating Profit (PBDIT) excl Other Income
-106.02
-118.18
10.29%
Interest
13.63
8.06
69.11%
Exceptional Items
4.78
-12.95
136.91%
Consolidate Net Profit
-121.85
-140.39
13.21%
Operating Profit Margin (Excl OI)
-55.64%
-81.23%
25.59%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2026 is 30.98% vs -17.16% in Mar 2025

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Mar 2026 is 13.21% vs -149.01% in Mar 2025

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