Maximus International Ltd

Maximus International Ltd

₹ 20.0 -1.86%
03 May - close price
About

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]

Key Points

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.

  • Market Cap 252 Cr.
  • Current Price 20.0
  • High / Low 30.4 / 13.4
  • Stock P/E
  • Book Value 1.18
  • Dividend Yield 0.00 %
  • ROCE 5.11 %
  • ROE 3.95 %
  • Face Value 1.00

Pros

  • Company's working capital requirements have reduced from 144 days to 38.4 days

Cons

  • Stock is trading at 17.0 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 1.27% 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.

Peer comparison

Sector: Trading Industry: Trading

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
1.71 0.72 2.50 1.16 0.45 0.19 0.24 10.05 6.75 0.65 0.19 1.90 3.07
1.71 0.84 2.60 1.15 0.66 0.62 0.42 9.85 6.74 0.83 0.51 1.91 2.98
Operating Profit 0.00 -0.12 -0.10 0.01 -0.21 -0.43 -0.18 0.20 0.01 -0.18 -0.32 -0.01 0.09
OPM % 0.00% -16.67% -4.00% 0.86% -46.67% -226.32% -75.00% 1.99% 0.15% -27.69% -168.42% -0.53% 2.93%
0.21 0.20 0.23 0.16 0.21 0.32 0.39 0.40 0.28 0.18 0.25 0.26 0.26
Interest 0.05 0.05 0.05 0.04 0.05 0.02 0.02 0.02 0.05 0.08 0.09 0.12 0.16
Depreciation 0.06 0.06 0.06 0.06 0.07 0.05 0.06 0.06 0.06 0.06 0.07 0.08 0.09
Profit before tax 0.10 -0.03 0.02 0.07 -0.12 -0.18 0.13 0.52 0.18 -0.14 -0.23 0.05 0.10
Tax % 40.00% 0.00% 50.00% 42.86% 25.00% -5.56% 30.77% 25.00% 0.00% 14.29% 4.35% -60.00% 20.00%
0.06 -0.04 0.01 0.04 -0.09 -0.18 0.10 0.39 0.19 -0.12 -0.21 0.08 0.08
EPS in Rs 0.00 -0.00 0.00 0.00 -0.01 -0.01 0.01 0.03 0.02 -0.01 -0.02 0.01 0.01
Raw PDF

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 TTM
0.49 10.29 21.80 45.86 4.99 4.70 4.30 17.69 5.81
0.47 9.53 21.54 45.09 4.78 4.69 5.03 17.82 6.23
Operating Profit 0.02 0.76 0.26 0.77 0.21 0.01 -0.73 -0.13 -0.42
OPM % 4.08% 7.39% 1.19% 1.68% 4.21% 0.21% -16.98% -0.73% -7.23%
0.00 0.04 0.53 0.80 1.04 0.84 0.92 1.21 0.95
Interest 0.00 0.15 0.15 0.44 0.29 0.20 0.16 0.16 0.45
Depreciation 0.00 0.03 0.10 0.16 0.22 0.26 0.24 0.23 0.30
Profit before tax 0.02 0.62 0.54 0.97 0.74 0.39 -0.21 0.69 -0.22
Tax % 50.00% 33.87% 27.78% 25.77% 21.62% 38.46% -4.76% 20.29%
0.01 0.40 0.38 0.72 0.57 0.24 -0.22 0.55 -0.17
EPS in Rs 0.01 0.04 0.03 0.06 0.05 0.02 -0.02 0.04 -0.01
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: -4%
3 Years: 52%
TTM: -66%
Compounded Profit Growth
10 Years: %
5 Years: 9%
3 Years: 1%
TTM: -134%
Stock Price CAGR
10 Years: %
5 Years: 43%
3 Years: 34%
1 Year: 37%
Return on Equity
10 Years: %
5 Years: 3%
3 Years: 1%
Last Year: 4%

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 Sep 2023
Equity Capital 0.50 5.21 6.29 12.57 12.57 12.57 12.57 12.57 12.57
Reserves 0.01 3.98 6.25 1.34 2.11 1.47 1.83 2.38 2.25
0.00 0.11 1.75 1.46 1.17 1.47 0.69 4.79 5.08
0.02 1.08 2.37 3.49 1.32 1.31 1.20 0.49 1.44
Total Liabilities 0.53 10.38 16.66 18.86 17.17 16.82 16.29 20.23 21.34
0.00 0.34 2.80 2.66 3.18 2.92 1.75 2.21 2.64
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.17 0.00
Investments 0.00 0.00 1.11 6.21 6.06 5.22 4.47 4.47 4.47
0.53 10.04 12.75 9.99 7.93 8.68 10.07 13.38 14.23
Total Assets 0.53 10.38 16.66 18.86 17.17 16.82 16.29 20.23 21.34

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
-0.46 -2.53 2.29 0.78 -1.58 1.53 -2.05 -1.50
0.00 -1.79 -9.74 -0.62 1.17 -1.21 2.37 -1.07
0.50 8.22 4.38 -0.52 -0.08 -0.23 -0.33 3.93
Net Cash Flow 0.04 3.90 -3.06 -0.36 -0.49 0.09 -0.02 1.37

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 357.55 84.07 38.34 21.57 2.93 10.10 59.42 39.62
Inventory Days 0.00 16.46 0.00 0.00 0.00 0.00 0.00 0.22
Days Payable 34.98 4.33
Cash Conversion Cycle 357.55 65.55 38.34 21.57 2.93 10.10 59.42 35.50
Working Capital Days 350.10 126.99 32.31 13.93 176.28 361.89 30.56 38.38
ROCE % 15.70% 5.68% 9.51% 6.60% 3.76% -0.65% 5.11%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Apr 2024
63.63% 63.63% 63.63% 63.63% 63.63% 63.63% 63.63% 63.63% 62.65% 62.31% 62.31% 61.45%
36.37% 36.37% 36.37% 36.37% 36.37% 36.37% 36.36% 36.36% 37.35% 37.68% 37.69% 38.55%
No. of Shareholders 79776576471414,30931,56331,04830,98930,11930,57633,71633,358

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