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 15.4
- Book Value ₹ 5.83
- Dividend Yield 0.00 %
- ROCE 15.6 %
- ROE 15.8 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 29.0% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has high debtors of 182 days.
- Promoter holding has decreased over last 3 years: -6.05%
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| 33 | 57 | 31 | 52 | 69 | 100 | 109 | 157 | 167 | |
| 31 | 55 | 28 | 47 | 63 | 90 | 101 | 144 | 153 | |
| Operating Profit | 2 | 3 | 3 | 6 | 6 | 9 | 8 | 13 | 14 |
| OPM % | 5% | 5% | 10% | 11% | 9% | 9% | 7% | 8% | 8% |
| 0 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 3 | |
| Interest | 0 | 0 | 1 | 1 | 1 | 2 | 2 | 3 | 4 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 2 | 2 |
| Profit before tax | 2 | 3 | 3 | 4 | 5 | 8 | 8 | 10 | 11 |
| Tax % | 9% | 7% | 12% | 11% | 10% | 8% | 5% | 12% | |
| 1 | 2 | 3 | 4 | 5 | 7 | 8 | 9 | 10 | |
| EPS in Rs | 0.12 | 0.15 | 0.20 | 0.25 | 0.33 | 0.55 | 0.63 | 0.67 | 0.72 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 39% |
| 3 Years: | 32% |
| TTM: | 21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | 29% |
| TTM: | 4% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -2% |
| 3 Years: | -23% |
| 1 Year: | -29% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 19% |
| 3 Years: | 19% |
| Last Year: | 16% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 6 | 13 | 13 | 13 | 13 | 13 | 13 | 14 | 14 |
| Reserves | 7 | 4 | 7 | 9 | 14 | 19 | 28 | 58 | 66 |
| 2 | 1 | 5 | 7 | 7 | 9 | 18 | 23 | 28 | |
| 3 | 4 | 18 | 18 | 22 | 36 | 24 | 38 | 40 | |
| Total Liabilities | 18 | 22 | 43 | 46 | 54 | 77 | 82 | 133 | 148 |
| 3 | 3 | 12 | 11 | 10 | 10 | 10 | 10 | 12 | |
| CWIP | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 5 | 4 |
| Investments | 2 | 2 | 2 | 1 | 0 | 0 | 0 | 0 | 0 |
| 13 | 17 | 28 | 33 | 44 | 67 | 71 | 118 | 131 | |
| Total Assets | 18 | 22 | 43 | 46 | 54 | 77 | 82 | 133 | 148 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 3 | 2 | -8 | 7 | -2 | 2 | -8 | -15 | |
| -11 | -1 | -3 | -2 | 2 | -2 | 0 | -7 | |
| 4 | -1 | 11 | -5 | -0 | 1 | 6 | 23 | |
| Net Cash Flow | -3 | 0 | -0 | 0 | -0 | 1 | -2 | 1 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 29 | 34 | 152 | 97 | 125 | 157 | 147 | 182 |
| Inventory Days | 0 | 0 | 89 | 54 | 31 | 31 | 26 | 35 |
| Days Payable | 102 | 50 | 72 | 94 | 42 | 72 | ||
| Cash Conversion Cycle | 29 | 34 | 138 | 101 | 84 | 93 | 131 | 146 |
| Working Capital Days | 5 | 15 | 167 | 101 | 96 | 106 | 132 | 144 |
| ROCE % | 23% | 15% | 15% | 17% | 21% | 18% | 16% |
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.