Maxgrow India Ltd
₹ 79.9
-4.99%
10 Aug
- close price
About
Incorporated in 1994, Maxgrow India Ltd trades ferrous and non-ferrous scrap metals[1]
Key Points
- Market Cap ₹ 319 Cr.
- Current Price ₹ 79.9
- High / Low ₹ 94.0 / 10.0
- Stock P/E
- Book Value ₹ 454
- Dividend Yield 0.00 %
- ROCE -0.49 %
- ROE -0.49 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
- Stock is trading at 0.18 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
Upcoming result date: today
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 | -20.61 | 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 | -25.36 | -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% | 0.00% | |
| 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: | % |
| 5 Years: | 131% |
| 3 Years: | % |
| 1 Year: | 737% |
| 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 | 4.50 | 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 | 27.79 | 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 | 19.39 | 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 | 27.79 | 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% | -0.49% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Number of Employees on Rolls count |
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| Iron Ore Conveyor Belt Project Capacity MTPA (Million Tonnes Per Annum) |
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| Scrap Shredding Facility Capacity MT per 8-hour shift |
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Documents
Announcements
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Board Meeting Intimation for To Consider And Approve The Standalone And Consolidated Audited Financial Results Of The Company For The Quarter And Year Ended March 31, 2026.
- Board meets on August 10, 2026 to approve audited results for quarter and year ended March 31, 2026.
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Intimation Regarding Cancellation Of Board Meeting
- July 31, 2026 board meeting cancelled; results approval to be rescheduled.
- Revised Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
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Disclosure Under Regulation 7(2) Of The SEBI (Prohibition Of Insider Trading) Regulations, 2015
- Promoter transferred 11,25,513 shares off-market, reducing stake to 90% and raising public shareholding to 10%.
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Revised Disclosure With Respect To Off Market Transfer Of Shares Of Maxgrow India Limited From Promoter To Public Shareholder Under 29(2) Of SEBI (Substantial Acquisition Of Shares And Takeovers) Regulations, 2011
- Metal Industrial transferred 11,25,513 shares (2.82%) to Sadhana Chourasia; promoter holding fell to 90%.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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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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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.