Maximus International Ltd
Maximus International is a manufacturer and distributor of Lubricants, Lube Base Oils, and other petrochemical products used in industries such as automotive, metalworking, refrigeration, electrical, paint & ink industries.[1]
- Market Cap ₹ 153 Cr.
- Current Price ₹ 11.2
- High / Low ₹ 16.2 / 9.76
- Stock P/E 83.1
- Book Value ₹ 2.80
- Dividend Yield 0.00 %
- ROCE 3.82 %
- ROE 2.17 %
- Face Value ₹ 1.00
Pros
Cons
- Stock is trading at 4.02 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 0.83% over past five years.
- Company has a low return on equity of 2.20% over last 3 years.
- Earnings include an other income of Rs.4.40 Cr.
- Promoter holding has decreased over last 3 years: -6.05%
- Working capital days have increased from 90.3 days to 175 days
* 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.
Peer comparison
Services Services Commercial Services & Supplies Trading & Distributors
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.49 | 10.29 | 21.80 | 45.86 | 4.99 | 4.70 | 4.30 | 17.70 | 8.18 | 5.20 | 6.64 | |
| 0.47 | 9.53 | 21.54 | 45.09 | 4.78 | 4.69 | 5.03 | 17.82 | 8.29 | 6.30 | 7.76 | |
| Operating Profit | 0.02 | 0.76 | 0.26 | 0.77 | 0.21 | 0.01 | -0.73 | -0.12 | -0.11 | -1.10 | -1.12 |
| OPM % | 4.08% | 7.39% | 1.19% | 1.68% | 4.21% | 0.21% | -16.98% | -0.68% | -1.34% | -21.15% | -16.87% |
| 0.00 | 0.04 | 0.53 | 0.80 | 1.04 | 0.84 | 0.92 | 1.20 | 1.10 | 2.69 | 4.40 | |
| Interest | 0.00 | 0.15 | 0.15 | 0.44 | 0.29 | 0.20 | 0.16 | 0.16 | 0.59 | 0.45 | 0.48 |
| Depreciation | 0.00 | 0.03 | 0.10 | 0.16 | 0.22 | 0.26 | 0.24 | 0.23 | 0.32 | 0.37 | 0.37 |
| Profit before tax | 0.02 | 0.62 | 0.54 | 0.97 | 0.74 | 0.39 | -0.21 | 0.69 | 0.08 | 0.77 | 2.43 |
| Tax % | 50.00% | 33.87% | 27.78% | 25.77% | 21.62% | 38.46% | 4.76% | 20.29% | -12.50% | 28.57% | |
| 0.01 | 0.40 | 0.38 | 0.72 | 0.57 | 0.24 | -0.22 | 0.55 | 0.08 | 0.56 | 1.84 | |
| EPS in Rs | 0.01 | 0.04 | 0.03 | 0.06 | 0.05 | 0.02 | -0.02 | 0.04 | 0.01 | 0.04 | 0.14 |
| Dividend Payout % | 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: | 1% |
| 3 Years: | 7% |
| TTM: | -22% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 0% |
| 3 Years: | 60% |
| TTM: | 513% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -2% |
| 3 Years: | -23% |
| 1 Year: | -29% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 1% |
| 3 Years: | 2% |
| Last Year: | 2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.50 | 5.21 | 6.29 | 12.57 | 12.57 | 12.57 | 12.57 | 12.57 | 12.57 | 13.60 | 13.60 |
| Reserves | 0.01 | 3.98 | 6.25 | 1.34 | 2.11 | 1.47 | 1.83 | 2.38 | 2.46 | 23.08 | 24.44 |
| 0.00 | 0.11 | 1.75 | 1.46 | 1.17 | 1.47 | 0.69 | 4.79 | 7.48 | 4.71 | 7.52 | |
| 0.02 | 1.08 | 2.37 | 3.49 | 1.32 | 1.31 | 1.20 | 0.52 | 3.68 | 0.93 | 2.65 | |
| Total Liabilities | 0.53 | 10.38 | 16.66 | 18.86 | 17.17 | 16.82 | 16.29 | 20.26 | 26.19 | 42.32 | 48.21 |
| 0.00 | 0.34 | 2.80 | 2.66 | 3.18 | 2.92 | 1.75 | 2.21 | 2.87 | 2.51 | 2.47 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.17 | 0.10 | 2.96 | 3.22 |
| Investments | 0.00 | 0.00 | 1.11 | 6.21 | 6.06 | 5.22 | 4.47 | 4.47 | 4.47 | 4.47 | 4.47 |
| 0.53 | 10.04 | 12.75 | 9.99 | 7.93 | 8.68 | 10.07 | 13.41 | 18.75 | 32.38 | 38.05 | |
| Total Assets | 0.53 | 10.38 | 16.66 | 18.86 | 17.17 | 16.82 | 16.29 | 20.26 | 26.19 | 42.32 | 48.21 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.46 | -2.53 | 2.29 | 0.78 | -1.58 | 1.53 | -2.05 | -1.50 | -2.09 | -0.14 | |
| 0.00 | -1.79 | -9.74 | -0.62 | 1.17 | -1.21 | 2.37 | -1.07 | -1.37 | -16.82 | |
| 0.50 | 8.22 | 4.38 | -0.52 | -0.08 | -0.23 | -0.33 | 3.93 | 2.10 | 17.87 | |
| Net Cash Flow | 0.04 | 3.90 | -3.06 | -0.36 | -0.49 | 0.09 | -0.02 | 1.37 | -1.36 | 0.92 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 357.55 | 84.07 | 38.34 | 21.57 | 2.93 | 10.10 | 59.42 | 39.59 | 273.53 | 116.52 |
| Inventory Days | 0.00 | 16.46 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.22 | 8.33 | 11.83 |
| Days Payable | 34.98 | 4.33 | 189.44 | 36.33 | ||||||
| Cash Conversion Cycle | 357.55 | 65.55 | 38.34 | 21.57 | 2.93 | 10.10 | 59.42 | 35.48 | 92.42 | 92.02 |
| Working Capital Days | 350.10 | 126.63 | 11.55 | 5.81 | 138.98 | 299.77 | 11.88 | 34.23 | 62.02 | 174.78 |
| ROCE % | 15.70% | 5.68% | 9.51% | 6.60% | 3.76% | -0.65% | 5.11% | 3.17% | 3.82% |
Documents
Announcements
-
Revision In Authorities For Determining Materiality Of Events And Its Disclosures Under Regulation 30(5) Of The SEBI (LODR), Regulation 2015, As Amended From Time To Time.
2d - Sonali Panchal appointed Company Secretary & Compliance Officer effective 05-Dec-2025; materiality authority revised.
-
Appointment of Company Secretary and Compliance Officer
2d - Ms. Sonali Panchal appointed Company Secretary & Compliance Officer, effective 5 December 2025.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
12 Nov - Q2 & H1 FY2025-26 results: Q2 revenue ₹24,584L; H1 revenue ₹28,536L; H1 PAT ₹2,512L.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
10 Nov - Publication of Extract of Unaudited Financial Results for the Second Quarter ended 30th September, 2025 in Newspapers.
- Submission Of Un-Audited Standalone And Consolidated Financial Results Of The Company For The Second Quarter Ended 30Th September, 2025. 8 Nov
Part of Optimus Finance Ltd[1] Maximus International Limited (MIL) is a subsidiary of Optimus Finance Limited (BSE Listed), a Vadodara-based non-banking finance company registered with the Reserve Bank of India.