Max India Ltd

Max India Ltd

₹ 186 -1.62%
23 May 4:01 p.m.
About

Max India is the holding company of Max Group’s Senior Care business Antara, an integrated service provider for all senior care needs. [1]

Key Points

Business Profile[1]
Max India Limited, through its Antara brand and subsidiaries like Max Estates Gurgaon Limited (MEGL), operates in the senior care sector. Their business includes senior living residences, assisted care services such as care homes and at-home care, and a products vertical (AGEasy) catering to senior needs

  • Market Cap 956 Cr.
  • Current Price 186
  • High / Low 319 / 160
  • Stock P/E
  • Book Value 168
  • Dividend Yield 0.00 %
  • ROCE 0.27 %
  • ROE 0.15 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Stock is trading at 1.10 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -0.49%
  • Company has a low return on equity of 0.61% 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: Finance Industry: Finance & Investments

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
8.07 8.56 8.07 8.20 7.86 8.41 8.25 7.68 7.58 7.72 5.83 5.41 4.59
5.48 6.14 5.54 5.89 5.64 6.68 6.70 5.83 6.71 7.99 5.54 5.20 4.99
Operating Profit 2.59 2.42 2.53 2.31 2.22 1.73 1.55 1.85 0.87 -0.27 0.29 0.21 -0.40
OPM % 32.09% 28.27% 31.35% 28.17% 28.24% 20.57% 18.79% 24.09% 11.48% -3.50% 4.97% 3.88% -8.71%
0.12 0.78 0.10 0.11 4.60 0.19 0.79 0.05 7.45 -7.38 1.40 0.09 0.07
Interest 0.04 0.04 0.05 0.04 0.07 0.08 0.07 0.05 0.26 0.21 0.20 0.20 0.20
Depreciation 0.55 0.51 0.54 0.53 0.58 0.59 0.61 0.60 0.75 0.72 0.78 0.82 0.80
Profit before tax 2.12 2.65 2.04 1.85 6.17 1.25 1.66 1.25 7.31 -8.58 0.71 -0.72 -1.33
Tax % 33.96% 28.30% 25.00% 19.46% -34.04% 30.40% 21.08% 36.00% -0.68% -3.96% -30.99% 2.78% -28.57%
1.40 1.90 1.53 1.49 8.27 0.87 1.31 0.80 7.36 -8.24 0.93 -0.74 -0.95
EPS in Rs 0.22 0.30 0.24 0.29 1.62 0.17 0.26 0.16 1.43 -1.60 0.18 -0.14 -0.18
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
73.61 33.66 32.61 32.75 31.29 23.55
78.32 25.95 23.91 23.74 27.22 23.72
Operating Profit -4.71 7.71 8.70 9.01 4.07 -0.17
OPM % -6.40% 22.91% 26.68% 27.51% 13.01% -0.72%
-112.32 -7.49 1.25 4.79 0.85 -5.82
Interest 0.05 0.16 0.16 0.24 0.59 0.81
Depreciation 3.08 2.68 2.17 2.24 2.68 3.12
Profit before tax -120.16 -2.62 7.62 11.32 1.65 -9.92
Tax % 2.57% -430.15% 17.45% -7.51% 24.85%
-123.26 8.65 6.29 12.16 1.24 -9.00
EPS in Rs -12,326.00 1.35 0.98 2.38 0.24 -1.74
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: -2%
TTM: -26%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -58%
TTM: -154%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 41%
1 Year: -29%
Return on Equity
10 Years: %
5 Years: %
3 Years: 1%
Last Year: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 53.79 53.79 53.79 43.03 43.17 43.17
Reserves 865.38 874.23 881.81 814.78 820.82 822.04
0.73 0.65 0.15 0.79 5.50 5.21
11.89 10.15 11.60 9.74 11.63 9.82
Total Liabilities 931.79 938.82 947.35 868.34 881.12 880.24
93.81 97.82 99.19 99.23 102.96 103.26
CWIP 0.00 0.00 0.00 0.00 0.00 0.00
Investments 735.03 675.06 577.09 523.49 622.93 655.95
102.95 165.94 271.07 245.62 155.23 121.03
Total Assets 931.79 938.82 947.35 868.34 881.12 880.24

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3.01 18.84 -7.96 -17.38 -17.02
-4.13 -18.17 7.84 109.16 16.72
1.53 -0.17 -0.45 -91.81 0.17
Net Cash Flow 0.41 0.50 -0.56 -0.03 -0.12

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 23.35 38.39 4.03 6.80 1.98
Inventory Days
Days Payable
Cash Conversion Cycle 23.35 38.39 4.03 6.80 1.98
Working Capital Days 318.39 1,292.68 2,832.70 2,568.93 864.26
ROCE % 1.14% 0.83% 0.78% 0.27%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
40.89% 51.11% 51.11% 51.11% 51.11% 50.94% 50.94% 50.94% 50.94% 50.94% 50.94% 50.45%
5.76% 7.55% 11.38% 11.26% 10.71% 10.59% 10.32% 9.54% 9.01% 7.41% 6.77% 6.63%
3.07% 0.00% 0.00% 0.00% 0.00% 0.69% 0.69% 0.81% 0.81% 0.81% 0.94% 0.80%
50.28% 41.35% 37.51% 37.63% 38.18% 37.77% 38.04% 38.70% 39.23% 40.83% 41.35% 42.11%
No. of Shareholders 29,16331,34737,25938,69736,35636,56335,88840,36738,87639,88640,41739,918

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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