Maxgrow India

  • Market Cap: Micro Cap
  • Industry: BPO/ITeS
  • ISIN: INE485D01043
  • NSEID:
  • BSEID: 521167
INR
42.16
2 (4.98%)
BSENSE

Apr 09

BSE+NSE Vol: 51.69 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

51.69 k (23.98%) 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.

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?

04-Apr-2026

Why is Maxgrow India Ltd falling/rising?

03-Apr-2026

As of 03-Apr, Maxgrow India Ltd's stock price is Rs 42.37, down 4.98%, reflecting significant underperformance with a 14.21% decline over the past week and 26.42% over the past month. Concerns about the company's financial health and lack of trading momentum contribute to the stock's downward trend.

As of 03-Apr, Maxgrow India Ltd's stock price is falling, currently at Rs 42.37, which represents a decrease of Rs 2.22 or 4.98%. The stock has been underperforming significantly, with a decline of 14.21% over the past week and 26.42% over the past month, compared to the Sensex's declines of 2.60% and 8.62%, respectively. <BR><BR>Today, the stock opened with a loss of 4.98% and has not traded above this opening price, indicating a lack of upward momentum. It has also been on a consecutive downward trend for the last three days. The stock's performance today has underperformed its sector by 5.16%. <BR><BR>Despite some positive factors, such as the highest quarterly profit after tax and net sales, the company has not declared results in the last six months, which raises concerns about its long-term fundamental strength. Additionally, the company's weak ability to service its debt, indicated by a poor EBIT to Interest ratio, further contributes to the negative sentiment surrounding the stock. <BR><BR>Overall, the combination of recent poor performance, lack of trading activity, and concerns regarding the company's financial health are key reasons for the decline in Maxgrow India Ltd's stock price.

View full answer

Why is Maxgrow India Ltd falling/rising?

04-Apr-2026

As of 04-Apr, Maxgrow India Ltd's stock price is Rs 42.37, down 4.98% and reflecting a significant decline of 14.21% over the past week. Despite positive recent financial results, the stock is experiencing a downward trend due to weak trading patterns and underlying financial weaknesses.

As of 04-Apr, Maxgrow India Ltd's stock price is falling, currently at Rs 42.37, reflecting a decrease of Rs 2.22 or 4.98%. The stock has been on a downward trend, having lost 14.21% over the past week and 26.42% over the past month. This decline is compounded by the fact that the stock has underperformed its sector by 5.16% today and has experienced three consecutive days of losses.<BR><BR>The stock opened with a gap down of 4.98% today and reached an intraday low of Rs 42.37, indicating a lack of upward momentum. Additionally, the stock has not traded on three days out of the last twenty, suggesting erratic trading behavior. Although there has been a significant increase in delivery volume, rising by 4296.7% against the five-day average, this has not translated into positive price movement.<BR><BR>From a fundamental perspective, the company has declared positive results in the last two quarters, with net sales reaching Rs 6,106.12 crore and a PBDIT of Rs 111.78 crore. However, the company is facing operating losses and has shown weak long-term fundamental strength, with poor growth in net sales and operating profit over the past five years. Furthermore, the company's ability to service its debt is weak, as indicated by a poor EBIT to interest ratio.<BR><BR>Overall, the combination of recent price declines, poor trading patterns, and underlying financial weaknesses contributes to the falling stock price of Maxgrow India Ltd.

View full answer

Why is Maxgrow India Ltd falling/rising?

05-Apr-2026

As of 05-Apr, Maxgrow India Ltd's stock price is Rs 42.37, down 4.98% and on a downward trend, having declined 14.21% over the last three days. Despite strong recent financial results, concerns about operating losses and debt servicing overshadow the stock's performance, which has significantly underperformed compared to market benchmarks.

As of 05-Apr, Maxgrow India Ltd's stock price is falling, currently at Rs 42.37, reflecting a decrease of Rs 2.22 or 4.98%. The stock has been on a downward trend, having underperformed its sector by 5.16% today and experiencing a consecutive fall over the last three days, resulting in a total decline of 14.21% in that period. The stock opened with a gap down of 4.98% today and has not traded above its opening price, indicating a lack of upward momentum.<BR><BR>In terms of performance against benchmarks, the stock has also shown significant declines over various periods, such as a 26.42% drop over the past month compared to an 8.62% decline in the Sensex. This suggests that the stock is not only struggling individually but is also lagging behind broader market trends.<BR><BR>Despite some positive factors, such as the company declaring strong results in the last two quarters with record net sales and a very attractive valuation, the overall sentiment is dampened by the company's operating losses and weak long-term fundamental strength. The company's ability to service its debt is also a concern, as indicated by a poor EBIT to Interest ratio. These factors contribute to the stock's current decline, overshadowing the positive financial results.

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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
stock-summaryMojo Parameters

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

stock-summary
Industry

BPO/ITeS

stock-summary
Market cap

INR 168 Cr (Micro Cap)

stock-summary
P/E

1.00

stock-summary
Industry P/E

22

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

0.00

stock-summary
Return on Equity

2.96%

stock-summary
Price to Book

0.09

Revenue and Profits:
Net Sales:
6,106 Cr
(Quarterly Results - Dec 2025)
Net Profit:
111 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-10.94%
0%
-10.94%
6 Months
103.47%
0%
103.47%
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
2673.68%
0%
2673.68%

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

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 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)
0.34
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
1
Industry P/E
22
Price to Book Value
0.10
EV to EBIT
3.22
EV to EBITDA
3.21
EV to Capital Employed
0.10
EV to Sales
0.06
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
Bearish
Mildly Bullish
Moving Averages
Mildly Bullish (Daily)
KST
Mildly Bearish
Bullish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
Bearish
Bearish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Sep 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

1.13%

stock-summaryFinancial
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          "val2": "-20.88",
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          "val1": "274.72",
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          "chgp": "1,418.23%",
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Quarterly Results Snapshot (Standalone) - Dec'25 - QoQstock-summary

Dec'25
Sep'25
Change(%)
Net Sales
0.00
0.00
Operating Profit (PBDIT) excl Other Income
-0.18
-0.25
28.00%
Interest
0.02
0.02
Exceptional Items
0.00
0.00
Standalone Net Profit
-0.20
-0.27
25.93%
Operating Profit Margin (Excl OI)
0.00%
0.00%
NA
Values in Rs Cr.
Net Sales

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

Direction Arrows
Standalone Net Profit

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

Half Yearly Results Snapshot (Consolidated) - Sep'25stock-summary

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
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.
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

Nine Monthly Results Snapshot (Consolidated) - Dec'25stock-summary

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.
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

Annual Results Snapshot (Standalone) - Mar'25stock-summary

Mar'25
Mar'24
Change(%)
Net Sales
0.00
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%
0.00%
NA
Values in Rs Cr.
Direction Arrows
Net Sales

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

Direction Arrows
Standalone Net Profit

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

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