Maxgrow India Ltd
₹ 43.7
4.97%
22 Apr
- close price
About
Incorporated in 1994, Maxgrow India Ltd trades ferrous and non-ferrous scrap metals[1]
Key Points
- Market Cap ₹ 174 Cr.
- Current Price ₹ 43.7
- High / Low ₹ 73.4 / 7.50
- Stock P/E
- Book Value ₹ 454
- Dividend Yield 0.00 %
- ROCE -0.52 %
- ROE -0.49 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
- Stock is trading at 0.10 times its book value
Cons
- Company has low interest coverage ratio.
- Company has a low return on equity of -0.49% over last 3 years.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 11.77 | 17.80 | 8.59 | 1.25 | 8.40 | 0.00 | 0.15 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 11.68 | 17.33 | 8.87 | 2.76 | 8.51 | 0.21 | 0.26 | 0.09 | 0.23 | 0.10 | 0.13 | 4.73 | 5.40 | |
| Operating Profit | 0.09 | 0.47 | -0.28 | -1.51 | -0.11 | -0.21 | -0.11 | -0.09 | -0.23 | -0.10 | -0.13 | -4.73 | -5.40 |
| OPM % | 0.76% | 2.64% | -3.26% | -120.80% | -1.31% | -73.33% | |||||||
| 0.00 | 0.00 | 0.00 | 0.23 | 0.02 | 0.24 | 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | -20.88 | 0.01 | |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.06 |
| Depreciation | 0.07 | 0.07 | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.02 | 0.40 | -0.30 | -1.30 | -0.11 | 0.01 | -0.12 | -0.10 | -0.23 | -0.09 | -0.12 | -25.63 | -5.45 |
| Tax % | -50.00% | 17.50% | 0.00% | 0.00% | 0.00% | 100.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -1.05% | |
| 0.03 | 0.34 | -0.30 | -1.30 | -0.11 | 0.01 | -0.13 | -0.10 | -0.23 | -0.09 | -0.12 | -25.36 | -5.45 | |
| EPS in Rs | 0.01 | 0.16 | -0.14 | -0.61 | -0.05 | 0.00 | -0.04 | -0.03 | -0.06 | -0.02 | -0.03 | -6.35 | -1.37 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | % |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -54600% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 95% |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | -1% |
| 5 Years: | -1% |
| 3 Years: | 0% |
| Last Year: | 0% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10.66 | 10.66 | 10.66 | 10.66 | 10.66 | 10.66 | 18.16 | 18.16 | 18.16 | 18.16 | 18.16 | 19.97 | 19.97 |
| Reserves | 2.53 | 2.80 | 2.50 | 1.20 | 1.10 | 1.10 | 5.47 | 5.38 | 5.15 | 5.05 | 4.94 | 1,767.32 | 1,793.17 |
| 0.54 | 0.54 | 0.59 | 0.73 | 0.63 | 3.80 | 0.01 | 0.01 | 0.08 | 0.08 | 0.01 | 0.56 | 1.74 | |
| 3.61 | 3.49 | 1.98 | 1.83 | 9.82 | 7.00 | 3.97 | 3.97 | 4.40 | 4.51 | 4.41 | 6.04 | 0.22 | |
| Total Liabilities | 17.34 | 17.49 | 15.73 | 14.42 | 22.21 | 22.56 | 27.61 | 27.52 | 27.79 | 27.80 | 27.52 | 1,793.89 | 1,815.10 |
| 0.17 | 0.11 | 0.09 | 0.07 | 0.06 | 0.04 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 1.42 | 5.57 | 5.57 | 5.56 | 5.56 | 5.56 | 8.40 | 8.40 | 8.40 | 8.40 | 8.40 | 1,793.62 | 1,789.95 |
| 15.75 | 11.81 | 10.07 | 8.79 | 16.59 | 16.96 | 19.18 | 19.12 | 19.39 | 19.40 | 19.12 | 0.27 | 25.15 | |
| Total Assets | 17.34 | 17.49 | 15.73 | 14.42 | 22.21 | 22.56 | 27.61 | 27.52 | 27.79 | 27.80 | 27.52 | 1,793.89 | 1,815.10 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.35 | 7.60 | -1.18 | -1.34 | -0.32 | -2.69 | -6.09 | -0.01 | -0.01 | -0.01 | -0.08 | -0.55 | |
| -1.39 | -4.16 | 0.01 | -0.15 | 0.32 | 0.24 | -2.84 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | |
| 0.00 | 0.00 | 0.05 | 0.13 | -0.10 | 6.17 | 5.20 | 0.00 | 0.08 | 0.00 | 0.00 | 0.55 | |
| Net Cash Flow | -1.74 | 3.44 | -1.11 | -1.35 | -0.09 | 3.72 | -3.72 | -0.01 | 0.07 | 0.00 | -0.08 | 0.00 |
| Free Cash Flow | -0.35 | 7.59 | -1.18 | -1.34 | -0.32 | -2.69 | -6.09 | -0.01 | -0.01 | -0.01 | -0.08 | -0.55 |
| CFO/OP | -389% | 1,647% | 421% | 89% | 291% | 1,281% | 5,536% | 11% | 4% | 10% | 62% | 12% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 174.28 | 54.13 | 40.37 | 0.00 | 382.38 | 0.00 | ||||||
| Inventory Days | 0.00 | 0.00 | ||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 174.28 | 54.13 | 40.37 | 0.00 | 382.38 | 0.00 | ||||||
| Working Capital Days | 66.67 | -17.02 | 28.89 | 557.72 | 92.55 | -9,563.00 | ||||||
| ROCE % | 0.14% | 2.88% | -2.16% | -9.87% | -0.88% | 0.07% | -0.61% | -0.42% | -0.98% | -0.39% | -0.52% | -0.52% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
|---|---|---|---|---|---|---|---|
| Revenue Contribution from Human Resources Segment Percentage |
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| Revenue Contribution from Trading Segment (Textiles/Clothes) Percentage |
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| Total Permanent Employees Number |
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Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
2d - Regulation 74(5) compliance certificate for quarter ended March 31, 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
6 Apr - Newspaper Publication of the un-audited finaicial results (Standalone and Consolidated) for the quarter and nine month ended December 31, 2025.
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Appointment Of M/S. Abhay Kumar Pal & Co., PCS As Secretarial Auditors Of The Company
3 Apr - Board approved Q3 and nine-month results, appointed CS Akshay Kene and secretarial auditor on April 3, 2026.
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Appointment of Company Secretary and Compliance Officer
3 Apr - Board approved Q3 FY26 results on April 3, 2026, and appointed a Company Secretary and secretarial auditor.
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Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter And Nine Month Ended December 31, 2025
3 Apr - Board approved Q3 FY26 standalone and consolidated results, appointed a company secretary and secretarial auditor.
Annual reports
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Financial Year 2009
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Financial Year 2008
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Financial Year 2007
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Financial Year 2006
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Business Overview:[1][2]
MIL, formerly known as Frontline Business Solutions Ltd, began as one of India's largest and oldest garment manufacturers and exporters. After a change in ownership, the company shifted to the Business Process Outsourcing (BPO) sector, offering integrated solutions in staffing, HR management, telecom, and financial product sales, KPO/BPO services, call centre support, and event management. At present, its core operations revolve around trading in ferrous and non-ferrous scrap metals and providing industrial solutions.