Maximus International Ltd

Maximus International Ltd

₹ 20.0 -0.89%
19 Apr - 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 251 Cr.
  • Current Price 20.0
  • High / Low 30.4 / 13.4
  • Stock P/E 38.5
  • Book Value 2.72
  • Dividend Yield 0.00 %
  • ROCE 21.0 %
  • ROE 24.0 %
  • Face Value 1.00

Pros

  • Company has delivered good profit growth of 36.9% CAGR over last 5 years

Cons

  • Stock is trading at 7.33 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Company has high debtors of 157 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

Sector: Trading Industry: Trading

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
13.98 12.52 19.24 15.47 15.22 19.04 22.25 28.73 23.79 24.97 21.26 24.76 25.85
12.73 11.28 17.95 13.69 13.69 17.40 20.73 26.17 22.20 21.36 19.41 22.78 22.29
Operating Profit 1.25 1.24 1.29 1.78 1.53 1.64 1.52 2.56 1.59 3.61 1.85 1.98 3.56
OPM % 8.94% 9.90% 6.70% 11.51% 10.05% 8.61% 6.83% 8.91% 6.68% 14.46% 8.70% 8.00% 13.77%
0.19 0.07 0.48 0.27 0.16 0.55 1.62 0.45 0.99 -1.52 0.17 0.13 0.23
Interest 0.32 0.34 0.29 0.40 0.27 0.34 0.37 0.44 0.50 0.33 0.37 0.53 0.53
Depreciation 0.32 0.32 0.32 0.31 0.31 0.31 0.31 0.33 0.33 0.31 0.31 0.32 0.36
Profit before tax 0.80 0.65 1.16 1.34 1.11 1.54 2.46 2.24 1.75 1.45 1.34 1.26 2.90
Tax % 5.00% 9.23% 6.90% 11.94% 8.11% 10.39% 13.41% 8.93% -1.71% 7.59% -0.75% -1.59% 10.69%
0.76 0.59 1.09 1.18 1.03 1.38 2.13 2.04 1.78 1.34 1.35 1.28 2.59
EPS in Rs 0.06 0.04 0.08 0.08 0.07 0.10 0.14 0.16 0.14 0.11 0.11 0.10 0.20
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
33.08 57.25 30.74 52.47 68.97 99.74 96.84
31.34 54.52 27.74 46.75 62.73 90.44 85.84
Operating Profit 1.74 2.73 3.00 5.72 6.24 9.30 11.00
OPM % 5.26% 4.77% 9.76% 10.90% 9.05% 9.32% 11.36%
0.19 1.25 1.25 0.65 1.45 1.52 -0.99
Interest 0.20 0.48 0.70 1.16 1.30 1.65 1.76
Depreciation 0.10 0.16 0.48 1.26 1.24 1.27 1.30
Profit before tax 1.63 3.34 3.07 3.95 5.15 7.90 6.95
Tax % 9.20% 7.49% 11.73% 10.63% 9.51% 7.72%
1.47 1.87 2.71 3.53 4.66 7.29 6.56
EPS in Rs 0.12 0.15 0.20 0.25 0.33 0.55 0.52
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: 25%
3 Years: 48%
TTM: 3%
Compounded Profit Growth
10 Years: %
5 Years: 37%
3 Years: 41%
TTM: -5%
Stock Price CAGR
10 Years: %
5 Years: 43%
3 Years: 36%
1 Year: 38%
Return on Equity
10 Years: %
5 Years: 18%
3 Years: 20%
Last Year: 24%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 6.29 12.57 12.57 12.57 12.57 12.57 12.57
Reserves 7.34 3.89 6.72 8.64 13.54 19.49 21.64
1.76 1.46 5.07 6.69 6.51 9.33 11.75
2.56 4.47 18.16 18.46 21.66 35.72 41.24
Total Liabilities 17.95 22.39 42.52 46.36 54.28 77.11 87.20
2.80 2.66 12.24 11.43 9.68 9.52 9.55
CWIP 0.00 0.00 0.29 0.49 0.65 0.96 0.83
Investments 2.16 2.49 2.11 1.27 0.00 0.00 0.00
12.99 17.24 27.88 33.17 43.95 66.63 76.82
Total Assets 17.95 22.39 42.52 46.36 54.28 77.11 87.20

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
3.46 1.85 -8.16 6.95 -2.23 1.85
-10.90 -0.99 -2.70 -2.18 2.24 -1.84
4.48 -0.76 10.77 -4.72 -0.36 1.38
Net Cash Flow -2.96 0.10 -0.09 0.05 -0.35 1.39

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 29.02 33.54 151.51 96.97 124.95 157.21
Inventory Days 0.00 0.00 88.90 53.95 30.82 30.51
Days Payable 102.38 49.93 71.72 94.43
Cash Conversion Cycle 29.02 33.54 138.03 101.00 84.05 93.30
Working Capital Days 18.65 21.42 176.09 141.77 121.93 129.51
ROCE % 22.94% 15.03% 15.04% 16.61% 21.00%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
63.63% 63.63% 63.63% 63.63% 63.63% 63.63% 63.63% 63.63% 63.63% 62.65% 62.31% 62.31%
36.37% 36.37% 36.37% 36.37% 36.37% 36.37% 36.37% 36.36% 36.36% 37.35% 37.68% 37.69%
No. of Shareholders 82779776576471414,30931,56331,04830,98930,11930,57633,716

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