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 hold your position in the stock. The company has recently reported positive quarterly results, achieving its highest PAT and net sales figures, which indicates some short-term strength. The return on equity is exceptionally high at 400.1, suggesting an attractive valuation.However, it's important to consider the long-term fundamentals. The company has been experiencing operating losses and has shown weak growth over the past five years, with net sales and operating profit stagnating. Additionally, the company's ability to service its debt is concerning, given the poor EBIT to interest ratio.In summary, while the recent quarterly performance is promising, the long-term outlook raises red flags. Holding the stock allows you to monitor how it navigates these challenges while benefiting from its current positive momentum.

Q: Why is Maxgrow India Ltd falling/rising?

As of 10-Feb, Maxgrow India Ltd's stock price is currently stable at Rs. 67.14, showing no change from the previous trading session. However, the stock has experienced a significant rise in the past week and month, with increases of 5.92% and 41.83%, respectively. Year-to-date, the stock has risen by 48.90%, contrasting with a decline of 1.11% in the benchmark Sensex.Today, the stock reached a new 52-week high of Rs. 73.36, reflecting a strong upward trend, although it has recently shown signs of a trend reversal after 20 consecutive days of gains. The stock opened with a notable gain of 4.99% today but also experienced a decline, touching an intraday low of Rs. 66.38. This wide trading range of Rs. 6.98 indicates volatility in the stock's price.Maxgrow India Ltd is trading above its moving averages across various periods, which typically suggests a bullish trend. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 1212.04% compared to the 5-day average. This heightened interest may contribute to the stock's upward momentum.In summary, while the stock is currently stable, its recent performance, including a new high and strong investor interest, suggests a rising trend overall, despite today's fluctuations.

52-Week High: Rs.73.36 hit today

Price Point

High/Low

1Day

52 Week

Valuation

Technical

Day's Volume

CASH

2.01 lacs (125.35%) 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.

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?

30-Dec-2025

Why is Maxgrow India Ltd falling/rising?

10-Feb-2026

As of 10-Feb, Maxgrow India Ltd's stock price is stable at Rs. 67.14, with significant increases of 5.92% and 41.83% over the past week and month, respectively. Despite recent fluctuations, the stock shows a bullish trend supported by strong investor interest and trading above its moving averages.

View full answer

Which are the latest news on Maxgrow India?

11-Feb-2026

Maxgrow India Ltd Hits New 52-Week High at Rs.73.36
Maxgrow India Ltd Hits New 52-Week High of Rs.69.87 on 5 Feb 2026

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

Positive results in Sep 25

With ROE of 3, it has a Very Attractive valuation with a 0.2 Price to Book Value

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

Industry

BPO/ITeS

Market cap

INR 293 Cr (Micro Cap)

P/E

5.00

Industry P/E

Dividend Yield

0.00%

Debt Equity

0.00

Return on Equity

2.96%

Price to Book

0.16

Revenue and Profits:

Net Sales:

5,305 Cr

(Quarterly Results - Sep 2025)

Net Profit:

95 Cr

Total Returns

Total Returns (Price + Dividend)

Dividend Yield (0%)

TimePeriod

Price Return

Dividend Return

Total Return

3 Months

0.0%

6 Months

570.06%

1 Year

0.0%

2 Years

0.0%

3 Years

0.0%

4 Years

0.0%

5 Years

4203.85%

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 Hits New 52-Week High at Rs.73.36

Maxgrow India Ltd has surged to a fresh 52-week high of Rs.73.36, marking a significant milestone in its recent trading performance. The stock’s sustained momentum over the past week has propelled it well above key moving averages, reflecting robust buying interest and a notable outperformance relative to its sector peers.

Read full news article

Maxgrow India Ltd Hits New 52-Week High of Rs.69.87 on 5 Feb 2026

Maxgrow India Ltd surged to a fresh 52-week high of Rs.69.87 on 5 Feb 2026, marking a significant milestone in the stock’s recent rally. The stock’s strong momentum was underscored by a 4.99% gain on the day, outperforming its sector by 6% and extending a five-day winning streak that has delivered a remarkable 27.55% return over this period.

Read full news article

Maxgrow India Ltd Hits New 52-Week High at Rs.66.55

Maxgrow India Ltd reached a significant milestone today by hitting a new 52-week high of Rs.66.55, marking a notable surge in its stock price and reflecting strong momentum over recent sessions.

Read full news article

Announcements

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

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)

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

0.16

EV to EBIT

5.20

EV to EBITDA

5.19

EV to Capital Employed

0.15

EV to Sales

0.10

PEG Ratio

Dividend Yield

ROCE (Latest)

2.96%

ROE (Latest)

2.96%

Technicals key factors

Indicator

Weekly

Monthly

MACD

Bullish

RSI

Bearish

Bollinger Bands

Bullish

Moving Averages

Bullish (Daily)

KST

Bullish

Dow Theory

Mildly Bullish

OBV

Bullish

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

Shareholding

Shareholding Snapshot : Jun 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

1.16%

Financial

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

Sep'25

Jun'25

Change(%)

Net Sales

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

Standalone Net Profit

-0.25

-0.46

45.65%

Operating Profit Margin (Excl OI)

0.00%

Values in Rs Cr.

Compare with Peers

Net Sales

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

Standalone Net Profit

QoQ Growth in quarter ended Sep 2025 is 45.65% vs 89.82% in Jun 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'24

Dec'24

Change(%)

Net Sales

0.00

Operating Profit (PBDIT) excl Other Income

-0.21

Interest

0.01

Exceptional Items

-20.88

Consolidate Net Profit

-20.84

Operating Profit Margin (Excl OI)

0.00%

NA%

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