Max India Limited

BSE: MAXIND543223ISIN INE0CG601016

Financial Services
Holding Company
BSE Financial Services

BSE listing

Share price

₹153.30+12.60 (+8.96%)

as of 18 Sep 2026

52W high: ₹242.40
52W low: ₹121.00
Off 52W high: -36.76%
1M return: +3.30%
3M return: -8.59%
6M return: +6.35%
1Y return: -25.78%
20D avg volume: 5,804
50 DMA: ₹158.97
200 DMA: ₹162.62

Key ratios Consolidated

Market cap: ₹861.58 Cr
Current price: ₹153.30
52W high / low: ₹242.40 / ₹121.00
Face value: ₹10.00
P/E: -6.50
P/B: —
EPS (TTM): ₹-23.57
Book value / share: —
ROE: —
ROCE: -20.40%
Operating margin: —
Net margin: —
Debt / equity: 0.00
Net debt: ₹-24.83 Cr
Interest cover: -7.50
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 35.2 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q4 FY24
Income statement
	59.74	65.63	43.10	45.16	36.67	41.52	—
	8.88	6.41	6.71	5.01	4.67	3.95	—
	103.65	88.91	87.17	85.42	73.81	89.40	—
	13.14	11.24	10.65	13.62	15.81	17.55	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	25.43	19.30	25.27	25.14	25.05	26.39	—
	2.72	2.76	3.45	4.06	3.52	2.83	—
	7.37	7.30	6.09	5.94	5.77	5.25	—
	54.87	42.82	39.53	35.86	30.72	41.12	—
	-35.03	-16.87	-37.36	-35.25	-32.47	-43.93	—
	-0.03	-0.20	-2.87	-0.03	7.88	0.00	—
	-35.06	-17.07	-40.23	-35.28	-24.59	-43.93	—
	0.69	0.43	1.43	-1.96	0.98	0.79	—
	-36.28	-19.29	-42.85	-34.07	-25.64	-46.09	—
	-6.91	-3.67	-8.17	-6.52	-5.44	-10.67	—
Key metrics
	-24.97	-7.01	-30.69	-25.28	-15.30	-35.85	—
	-41.80%	-10.70%	-71.20%	-56.00%	-41.70%	-86.30%	—
	-60.70%	-29.40%	-99.40%	-75.40%	-69.90%	-111.00%	—
	—	-2.80%	—	-5.50%	—	-8.80%	—
	62.90%	58.10%	—	—	—	—	—
	-41.50%	58.10%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	213.63	190.56	145.49	—
	27.01	22.80	18.68	—
	365.15	335.31	290.90	—
	48.65	51.32	43.28	—
	0.00	0.00	0.00	—
	95.14	94.76	96.57	—
	12.99	13.79	8.06	—
	26.70	25.10	18.82	—
	173.08	148.93	134.73	—
	-124.51	-121.95	-126.73	—
	-3.13	4.78	-12.60	—
	-127.64	-117.17	-139.33	—
	0.59	0.88	1.81	—
	-132.49	-121.85	-140.39	—
	-25.27	-23.85	-32.50	—
Key metrics
	-87.95	-78.28	-112.45	—
	-41.17%	-41.10%	-77.30%	—
	-62.02%	-63.90%	-96.50%	—
	—	-20.40%	-28.10%	—
	—	31.00%	—	—
	—	13.20%	—	—
	—	-146.05	-163.48	—
	—	0.78	0.91	—
	—	0.00	0.00	—
	—	-24.83	-21.27	—
	—	35.2	19.7	—
Balance sheet
	—	669.25	632.85	—
	—	380.56	260.54	—
	—	26.58	22.70	—
	—	37.10	22.20	—
	—	15.52	16.64	—
	—	40.27	33.80	—
	—	96.73	55.94	—
	—	34.24	30.99	—
	—	161.71	165.25	—
	—	1.75	1.43	—
	—	0.66	0.49	—
	—	1.09	0.94	—
	—	408.30	358.69	—
Cash flow
	—	-94.72	-127.60	—
	—	-49.72	46.82	—
	—	148.32	-12.55	—
	—	51.33	35.88	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q4 FY24
Income statement
	1.51	1.76	3.13	3.14	2.85	3.30	—
	0.03	0.10	0.01	0.04	0.68	0.15	—
	5.37	5.79	5.18	6.09	5.40	6.57	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	0.00	0.00	0.00	0.00	0.00	0.00	—
	2.95	1.72	2.54	2.49	2.73	3.14	—
	0.12	0.08	0.13	0.13	0.83	0.20	—
	0.25	0.26	0.28	0.35	0.38	0.38	—
	2.05	3.73	2.23	3.12	1.46	2.85	—
	-3.83	-3.93	-2.04	-2.91	-1.87	-3.12	—
	-0.03	-0.03	-0.50	-0.03	7.88	0.00	—
	-3.86	-3.96	-2.54	-2.94	6.01	-3.12	—
	-0.08	-0.28	0.66	-2.52	0.30	0.27	—
	-3.78	-3.68	-3.20	-0.42	5.71	-3.39	—
	-0.72	-0.70	-0.61	-0.08	1.21	-0.78	—
Key metrics
	-3.49	-3.62	-2.13	-2.46	7.22	-2.54	—
	-231.10%	-205.70%	-68.10%	-78.30%	253.30%	-77.00%	—
	-250.30%	-209.10%	-102.20%	-13.40%	200.40%	-102.70%	—
	—	-0.40%	—	-0.30%	—	-0.30%	—
	-47.00%	-46.70%	—	—	—	—	—
	-166.20%	-8.60%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	9.54	10.88	19.13	—
	0.18	0.83	1.66	—
	22.43	22.46	25.30	—
	0.00	0.00	0.00	—
	0.00	0.00	0.00	—
	9.70	9.48	12.23	—
	0.46	1.16	0.80	—
	1.14	1.28	2.78	—
	11.13	10.54	9.49	—
	-12.71	-10.75	-4.51	—
	-0.59	7.32	0.05	—
	-13.30	-3.43	-4.46	—
	-2.22	-1.84	-0.31	—
	-11.08	-1.59	-4.15	—
	-2.11	-0.31	-0.96	—
Key metrics
	-11.70	-0.99	-0.88	—
	-122.64%	-9.10%	-4.60%	—
	-116.14%	-14.60%	-21.70%	—
	—	-0.20%	-0.40%	—
	—	-43.10%	—	—
	—	61.70%	—	—
	—	-24.56	-10.60	—
	—	15.23	2.25	—
	—	0.00	0.00	—
	—	-3.76	-0.21	—
	—	-22.8	-0.8	—
Balance sheet
	—	1,043	885.94	—
	—	81.52	23.66	—
	—	3.76	0.21	—
	—	0.03	0.88	—
	—	0.00	0.00	—
	—	1.34	1.52	—
	—	1.87	2.55	—
	—	0.71	0.92	—
	—	3.28	10.42	—
	—	0.00	0.00	—
	—	0.00	0.00	—
	—	0.00	0.00	—
	—	1,033	864.80	—
Cash flow
	—	-24.21	-9.32	—
	—	-138.36	7.71	—
	—	166.12	1.62	—
	—	0.35	1.28	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Sales CAGR 10Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Profit CAGR 10Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Sales CAGR 10Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Profit CAGR 10Y: —
Sales YoY (TTM): —
Profit YoY (TTM): —

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Jun 2026

Promoter holding: 48.33%

Holder	Type	Holding	Previous	Change
MAX VENTURES INVESTMENT HOLDINGS PRIVATE LIMITED	Promoter	39.98%	—	—
Siva Finvest Private Limited (FKA Siva Enterprises Private Limited)	Promoter Group	6.37%	—	—
SINGULARITY EQUITY FUND I	Public	4.08%	—	—
HABROK INDIA MASTER LP	Public	3.17%	—	—
CASSINI PARTNERS, L.P. MANAGED BY HABROK CAPITAL MANAGEMENT LLP	Public	2.59%	—	—
ANALJIT SINGH	Promoter	1.85%	—	—
MURUGU SELVAN K	Public	1.36%	—	—
P & Y CAPITAL TRUST	Public	1.07%	—	—
NIVEDITA RITESH OSWAL	Public	1.05%	—	—
PIYA SINGH	Promoter	0.05%	—	—
NEELU ANALJIT SINGH	Promoter	0.04%	—	—
TARA SINGH VACHANI	Promoter	0.04%	—	—
Riga Foods LLP	Promoter Group	0.00%	—	—
iCare Health Projects and Research Private Limited	Promoter Group	0.00%	—	—
ANALJIT SINGH HUF	Promoter Group	0.00%	—	—

Public shareholders are disclosed individually only above 1%.

Filings & corporate actions

Recent announcements

As per detailed disclosure enclosed.5 Sep 2026 · Company Update / Analyst / Investor Meet
As per detailed disclosure enclosed.20 Aug 2026 · AGM/EGM / AGM
As per detailed disclosure enclosed.19 Aug 2026 · Company Update / Earnings Call Transcript
As per detailed disclosure enclosed.19 Aug 2026 · AGM/EGM / AGM
As per detailed disclosure enclosed.12 Aug 2026 · Company Update / Analyst / Investor Meet
As per detailed disclosure enclosed.12 Aug 2026 · Company Update / Newspaper Publication
Monitoring Agency Report11 Aug 2026 · Company Update / Monitoring Agency Report
Investor Release Q1 FY 2711 Aug 2026 · Company Update / Investor Presentation
Statement of Deviation & Variation11 Aug 2026 · Company Update / Reg. 32 (1), (3) - Statement of Deviation & Variation
Financial Results Q1 FY 2711 Aug 2026 · Result / Financial Results
Outcome of Board Meeting11 Aug 2026 · Board Meeting / Outcome of Board Meeting
As per detailed disclosure enclosed.7 Aug 2026 · Company Update / Analyst / Investor Meet
Max India Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 11/08/2026 ,inter alia, to consider and approve As per detailed disclosure enclosed.5 Aug 2026 · Board Meeting / Board Meeting
As per detailed disclosure enclosed.5 Aug 2026 · Company Update / Allotment of ESOP / ESPS
As per detailed disclosure enclosed.29 Jul 2026 · Company Update / Newspaper Publication
As per detailed disclosure enclosed.28 Jul 2026 · Company Update / General
As per detailed disclosure enclosed.28 Jul 2026 · Company Update / General
As per detailed disclosure enclosed.28 Jul 2026 · Others / Reg. 34 (1) Annual Report
As per detailed disclosure enclosed.28 Jul 2026 · AGM/EGM / AGM
As per detailed disclosure enclosed.24 Jul 2026 · Company Update / Newspaper Publication
As per detailed disclosure enclosed.23 Jul 2026 · Corp Action / Conversion of Securities
As per detailed disclosure enclosed.23 Jul 2026 · Company Update / Allotment of Equity Shares
As per detailed disclosure enclosed.17 Jul 2026 · Company Update / Press Release / Media Release
As per detailed disclosure enclosed.13 Jul 2026 · AGM/EGM / Postal Ballot
As per detailed disclosure enclosed.13 Jul 2026 · AGM/EGM / Postal Ballot
As per detailed disclosure enclosed.6 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
As per detailed disclosure enclosed.1 Jul 2026 · Company Update / Resignation of Director
As per detailed disclosure enclosed.1 Jul 2026 · Company Update / Change in Directorate
As per detailed disclosure enclosed.1 Jul 2026 · Company Update / Change in Management
As per detailed disclosure enclosed.25 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Investor Presentation24 Jun 2026 · Company Update / Investor Presentation
As per detailed disclosure enclosed.20 Jun 2026 · Company Update / Analyst / Investor Meet
As per detailed disclosure enclosed.13 Jun 2026 · Company Update / Newspaper Publication
As per detailed disclosure enclosed.12 Jun 2026 · AGM/EGM / Postal Ballot
As per detailed disclosure enclosed.9 Jun 2026 · Company Update / General
As per detailed disclosure enclosed.9 Jun 2026 · Company Update / Allotment of ESOP / ESPS
As per detailed disclosure enclosed.4 Jun 2026 · Company Update / Earnings Call Transcript
As per detailed disclosure enclosed.3 Jun 2026 · Company Update / Press Release / Media Release
As per detailed disclosure enclosed.29 May 2026 · Company Update / Analyst / Investor Meet
Newspaper Publication29 May 2026 · Company Update / Newspaper Publication

Corporate actions

Purpose	Ex date	Record date	Payment date
Right Issue of Equity Shares	29 Apr 2025	29 Apr 2025	—

Board meetings

11 Aug 2026 Board Meeting - Financial Results