Maks Energy Solutions India Ltd
Incorporated in 2010, MAKS Energy Solutions Ltd is engaged in assembly and sale of Diesel Generating (DG) Sets and distribution of auto spare parts.[1]
- Market Cap ₹ 18.0 Cr.
- Current Price ₹ 26.0
- High / Low ₹ 36.0 / 25.2
- Stock P/E 23.1
- Book Value ₹ 25.3
- Dividend Yield 0.00 %
- ROCE 9.34 %
- ROE 4.53 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 1.03 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 4.20% over last 3 years.
- Debtor days have increased from 108 to 139 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
Industrials Capital Goods Industrial Products Compressors, Pumps & Diesel Engines
Part of Nifty SME Emerge
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 42.20 | 20.90 | 25.54 | 44.33 | 66.26 | 66.48 | 54.08 | |
| 38.81 | 18.18 | 24.48 | 42.25 | 63.85 | 63.59 | 51.13 | |
| Operating Profit | 3.39 | 2.72 | 1.06 | 2.08 | 2.41 | 2.89 | 2.95 |
| OPM % | 8.03% | 13.01% | 4.15% | 4.69% | 3.64% | 4.35% | 5.45% |
| 1.15 | -0.06 | -2.12 | 0.38 | -0.07 | 0.04 | 0.10 | |
| Interest | 2.23 | 2.11 | 2.33 | 1.89 | 1.92 | 2.17 | 2.13 |
| Depreciation | 0.07 | 0.06 | 0.05 | 0.04 | 0.03 | 0.03 | 0.02 |
| Profit before tax | 2.24 | 0.49 | -3.44 | 0.53 | 0.39 | 0.73 | 0.90 |
| Tax % | 25.45% | 30.61% | 5.52% | 32.08% | 30.77% | 24.66% | 26.67% |
| 1.67 | 0.35 | -3.62 | 0.36 | 0.28 | 0.55 | 0.66 | |
| EPS in Rs | 3.38 | 0.71 | -7.33 | 0.52 | 0.40 | 0.79 | 0.95 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 21% |
| 3 Years: | 7% |
| TTM: | -19% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 29% |
| TTM: | 8% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -9% |
| 1 Year: | -13% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | 4% |
| Last Year: | 5% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 4.94 | 4.94 | 4.94 | 6.93 | 6.93 | 6.93 | 6.93 |
| Reserves | 9.98 | 10.33 | 6.70 | 9.13 | 9.41 | 9.96 | 10.63 |
| 19.11 | 21.75 | 18.85 | 12.80 | 15.48 | 17.27 | 16.59 | |
| 10.29 | 7.00 | 5.40 | 2.64 | 1.88 | 2.23 | 1.14 | |
| Total Liabilities | 44.32 | 44.02 | 35.89 | 31.50 | 33.70 | 36.39 | 35.29 |
| 0.26 | 0.21 | 0.16 | 0.14 | 0.11 | 0.10 | 0.08 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 4.10 | 4.10 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 39.96 | 39.71 | 35.73 | 31.36 | 33.59 | 36.29 | 35.21 | |
| Total Assets | 44.32 | 44.02 | 35.89 | 31.50 | 33.70 | 36.39 | 35.29 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| -3.25 | 1.05 | 4.45 | 3.26 | 0.30 | 0.23 | 2.20 | |
| 0.04 | 0.03 | 0.07 | -0.02 | 0.09 | 0.10 | 0.14 | |
| 2.28 | -0.10 | -5.00 | -3.60 | 1.13 | 0.02 | -2.22 | |
| Net Cash Flow | -0.93 | 0.98 | -0.47 | -0.36 | 1.52 | 0.34 | 0.12 |
| Free Cash Flow | -3.25 | 1.05 | 4.45 | 3.25 | 0.30 | 0.22 | 2.19 |
| CFO/OP | -79% | 44% | 439% | 164% | 20% | 9% | 82% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 167.54 | 359.76 | 303.26 | 109.92 | 75.14 | 110.80 | 139.37 |
| Inventory Days | 162.70 | 300.85 | 186.04 | 121.60 | 78.23 | 55.18 | 66.38 |
| Days Payable | 37.08 | 86.05 | 81.82 | 17.45 | 6.57 | 7.50 | 4.47 |
| Cash Conversion Cycle | 293.16 | 574.56 | 407.48 | 214.07 | 146.80 | 158.48 | 201.28 |
| Working Capital Days | 126.28 | 247.47 | 158.20 | 119.55 | 70.23 | 71.37 | 91.59 |
| ROCE % | 7.54% | 11.02% | 8.16% | 9.16% | 9.49% | 9.34% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Manufacturing Segment Revenue (Proxy for Volume) INR Lakhs |
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| Product Capacity Range (DG Sets) kVA |
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| Number of Indian States with Market Presence Number |
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| Number of Permanent Employees Number |
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| Global Export Footprint Countries |
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Extracted by Screener AI
Documents
Announcements
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Appointment
27 May 2026 - FY26 audited results approved; profit Rs 66.44 lakh, internal auditor appointed for FY27-FY31.
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Outcome of Board Meeting
27 May 2026 - FY26 audited results approved; internal auditor appointed; auditors issued qualified opinion on receivables and advances.
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Structural Digital Database
14 May 2026 - Submitted SDD compliance certificate for FY ended March 31, 2026; no non-compliance observed.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
6 April 2026 - Regulation 74(5) certificate filed for quarter ended 31 March 2026; no rematerialisation requests.
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Trading Window
27 March 2026 - Trading window closed Apr 1, 2026 until 48 hours after audited results for HY and FY ended Mar 31, 2026.
Business Overview:[1]
MAKSESL is in the business of procurement of Diesel Engines, Alternators, and other components from its suppliers, followed by the assembly of Diesel Generating Sets. These DG Sets, along with their spare parts, are then marketed and sold both domestically and internationally. In addition to the primary business, the company has expanded into the distribution of automotive spare parts within Maharashtra, India.