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Max India Ltd (MAXIND)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543223 NSE: MAXIND Finance - Investment | Small Cap | Max India Share Price
₹163.10 -7.90 (-4.62%)
As on 12-Aug'26 16:01
Max India Ltd (MAXIND)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543223 NSE: MAXIND Finance - Investment | Small Cap | Max India Share Price
₹163.10 -7.90 (-4.62%)
As on 12-Aug'26 16:01
Key Metrics
Valuation Multiples
Market Cap
₹963 Cr.
Current Price
₹163.1
52-Week Low / High
₹121 / 242
TTM EPS
₹-2
Book Value per Share
₹189.6
P/E Ratio
0.00
Lower than its 5-year historical median
Industry PE
53.9
Price to Book (P/B)
0.90
Higher than its 5-year historical median
EV/EBITDA
-83.09
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
-0.17%
Return on Capital Employed (ROCE)
-0.24%
Return on Assets (ROA)
-0.17%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Net Interest Income Growth (1 Year)
Slowing versus 3-year growth rate
-46.97%
Book Value Growth (1 Year)
Improving versus 3-year growth rate
1.11%
Asset Quality
Gross NPA(%)
0.00%
Net NPA(%)
0.00%
TTM Sales
₹9.5 Cr.
Reserves
₹1,012 Cr.
Equity
₹56.3 Cr.
Face Value
₹10
All Time Low / High
₹45.39 / 318.89
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Quality
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Valuation
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Price Trend
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Is Max India Ltd a good quality company?
Max India Ltd is a weak quality company, based on a inconsistent multi-year financial track record.
This assessment is based on the bank’s performance on Total Income growth, Pre-Provision Operating Profit, RoA, RoE, CAR, and Asset Quality, along with how these metrics compare with its long-term averages.
We have analysed the performance of the company on the following:
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How has it performed on generating Profits?
By checking its Total Income growth, NPM, PPOP, RoA and RoE compared to its last 5-year median.
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How efficiently has it grown and managed operations?
By checking its Total Asset growth.
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How strong is its Capital position and Asset Quality?
By checking its Capital Adequacy Ratio (CAR), GNPA and NNPA.
How does Max India Ltd performance compare with that of its Peers?
AUM Growth of Max India Ltd vs Industry Peers?
Max India Ltd AUM CAGR is 2.08%, compared to the 5-year industry median CAGR of 9.71%, indicating slower growth and losing its market share.
Promoter shareholding and pledge status of Max India Ltd?
Promoters hold 49.77% of the Max India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Max India Ltd over the last decade?
Over the last 5 years, the stock has delivered a CAGR of 19.13% based on the current price.
10 Year X-Ray : Login to view analysis.
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Max India Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good
| Mar'12 | Mar'13 | Mar'14 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Income (₹ Cr.) | 0 | 0 | 0 | 73.6 | 33.7 | 32.6 | 32.5 | 31.2 | 19.1 | 10.9 | 10 | |
| YoY Gr. Rt. % | - | NA | NA | NA | -54.3% | -3.1% | -0.2% | -4% | -38.8% | -43.1% | - | |
| Adj EPS (₹ ) | 0 | 0 | 0 | -21.7 | 1.5 | 1.1 | 2.7 | 0.3 | -0.9 | -0.3 | -2 | |
| YoY Gr. Rt. % | - | NA | NA | NA | NA | -27.6% | 142.7% | -89.9% | -433.3% | NA | - | |
| BVPS (₹ ) | 0 | 0 | 0 | 161.4 | 163 | 164.1 | 187.7 | 187.7 | 185.9 | 188 | 189.6 | |
| YoY Gr. Rt. % | - | NA | NA | NA | 1% | 0.7% | 14.4% | -0% | -0.9% | 1.1% | - | |
| To view Net Profit/Total Funds (%) Colour Rating Guide click here ⓘ | ||||||||||||
| Net Profit/Total Funds (%) | 0 | 0 | 0 | -13.2 | 0.9 | 0.7 | 1.3 | 0.1 | -0.5 | -0.2 | 0 | |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Net Interest Income | NA | -20.2% | -30.6% | -43.1% | ||||
| Adj EPS | NA | -172.3% | -148.3% | NA | ||||
| BVPS | NA | 2.9% | 0.1% | 1.1% | ||||
| Share Price | - | 19.3% | 0.2% | -20.6% | ||||
Key Financial Ratios
| RATIOS \ YEARS | Mar'12 | Mar'13 | Mar'14 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Margins | ||||||||||||
| Net Profit Margin (%) | 0 | 0 | 0 | -167.5 | 25.7 | 19.3 | 37.4 | 4 | -21.7 | -14.6 | -116.3 | |
| Performance Ratios | To view Performance Ratios Colour Rating Guide click here ⓘ | |||||||||||
| Return on Equity (%) | 0 | 0 | 0 | -13.4 | 0.9 | 0.7 | 1.4 | 0.1 | -0.5 | -0.2 | -1 | |
Valuation of Max India - Standalone
Analyst's Notes
No data found!
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Financials
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|
| Income + | 74 | 39 | 34 | 33 | 32 | 21 | 12 |
| Exceptional Items ⓘ | 1 | 6 | 1 | 1 | 1 | 2 | 1 |
| Expenditure ⓘ + | 81 | 29 | 26 | 26 | 30 | 25 | 22 |
| Exceptional Items ⓘ | -113 | -13 | 0 | 5 | -0 | -0 | 7 |
| Profit Before Tax ⓘ | -120 | -3 | 8 | 11 | 2 | -4 | -3 |
| Taxes ⓘ | 3 | -11 | 1 | -1 | 0 | -0 | -2 |
| Profit After Tax | -123 | 9 | 6 | 12 | 1 | -4 | -2 |
| Adjusted EPS (₹) | -21.7 | 1.5 | 1.1 | 2.7 | 0.3 | -0.9 | -0.3 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Equity Capital + | 919 | 928 | 936 | 858 | 864 | 865 | 993 | |||
| Short term borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Long Term Borrowings | 6 | 7 | 5 | 3 | 11 | 11 | 5 | |||
| Current Liabilities | 7 | 4 | 7 | 7 | 6 | 10 | 3 | |||
| Trade Payables | 3 | 1 | 3 | 2 | 1 | 1 | 1 | |||
| Other Liabilities | -3 | -1 | -3 | -2 | -1 | -1 | 39 | |||
| Total Liabilities ⓘ | 932 | 939 | 947 | 868 | 881 | 886 | 1,041 | |||
Assets | ||||||||||
| Non Current Asset + | 470 | 525 | 542 | 577 | 689 | 767 | 960 | |||
| Current Asset + | 462 | 414 | 406 | 292 | 192 | 119 | 82 | |||
| Total Assets ⓘ | 932 | 939 | 947 | 868 | 881 | 886 | 1,041 | |||
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 3 | 19 | -8 | -17 | -17 | -9 | -24 |
| Cash Flow From Investing Activity ⓘ | -11 | -18 | 8 | 109 | 17 | 8 | -138 |
| Cash Flow From Financing Activity ⓘ | 2 | -0 | -0 | -92 | 0 | 1 | 166 |
| Net Cash Flow ⓘ | -6 | 1 | -1 | -0 | -0 | 0 | 4 |
| PARTICULARS | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |||
|---|---|---|---|---|---|---|---|---|---|---|
Operational & Financial Ratios | ||||||||||
| EPS (₹) | -22.90 | 1.60 | 1.20 | 2.80 | 0.30 | -1 | -0.30 | |||
| DPS (₹) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| BVPS (₹) | 170.9 | 172.5 | 173.7 | 198.7 | 198.7 | 196.8 | 188 | |||
Performance Ratios | ||||||||||
| ROA (%) | -13.2 | 0.9 | 0.7 | 1.3 | 0.1 | -0.5 | -0.2 | |||
| ROE (%) | -13.4 | 0.9 | 0.7 | 1.4 | 0.1 | -0.5 | -0.2 | |||
| ROCE (%) | -13.1 | -0.3 | 0.8 | 1.3 | 0.3 | -0.4 | -0.2 | |||
Valuation Parameters | ||||||||||
| Price/Book(x) | 0.0 | 0.4 | 0.4 | 0.4 | 1.0 | 0.9 | 0.7 | |||
Top 5 Mutual Funds Holding
Last Visited Stocks
Announcements
Max India Ltd FAQs
The current trading price of Max India on 12-Aug-2026 16:01 is ₹163.1.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 11-Aug-2026 the market cap of Max India stood at ₹963.1 Cr
The latest P/E ratio of Max India as of 11-Aug-2026 is 0.00.
The latest P/B ratio of Max India as of 11-Aug-2026 is 0.90.
The 52-week high of Max India is ₹242.4 and the 52-week low is ₹121.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Max India is ₹9.54 ( Cr.) .
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Max India Ltd is a below average quality company.
The key valuation ratios of Max India Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Max India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
About Max India Ltd
Max India Limited was originally incorporated as “Advaita Allied Health Services Limited” on January 23, 2019 as an unlisted public company under the Companies Act, 2013, within the jurisdiction of the Registrar of Companies, Mumbai, Maharashtra and obtained a fresh certificate of incorporation on July 1, 2020, subsequent to the change of its name, pursuant to the Composite Scheme of Amalgamation and Arrangement amongst Erstwhile Max India Limited, Max Healthcare Institute Limited, Radiant Life Care Private Limited and Max India Limited (formerly known as Advaita Allied Health Services Limited) and their respective shareholders and creditors under sections 230 to 232 read with other applicable provisions of the Companies Act, 2013 (Scheme), approved by the NCLT, Mumbai vide its Order dated January 17, 2020
Prior to the Scheme becoming effective, the Company did not carry out any activity. Upon the Scheme becoming effective and with effect from the Appointed Date (i.e. February 1, 2019), all the present and future assets and liabilities of the Demerged Undertaking 1 (as defined in the Scheme), and the entire business of the Demerged Undertaking 1, together with all its properties, assets, rights, benefits and interest therein, stood transferred to and vested in the Company.
Business area of the company
Max India Limited is now the holding company of Max Group’s Senior Care business ‘Antara’, and a skilling company ‘Max Skill First’.
Antara, Max India’s flagship company operating in the senior care business, is an integrated service provider for all senior care needs. It operates across two lines of businesses - residences for seniors and assisted care services.
Max Skill First is Max India’s arm responsible for providing skilling solutions to professionals in the sales and services domain. Since its inception, the substantial businesses, or revenues of Max Skill First were generated from the various Max group companies.
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