Max India Ltd

Max India Ltd Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Max India Ltd

₹ 164 4.08%
10 Jul - close price
maxindia.com BSE: 543223 NSE: MAXIND
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

Website BSE NSE
  • Market Cap ₹ 863 Cr.
  • Current Price ₹ 164
  • High / Low ₹ 242 / 120
  • Stock P/E
  • Book Value ₹ 197
  • Dividend Yield 0.00 %
  • ROCE -0.43 %
  • ROE -0.49 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Stock is trading at 0.83 times its book value

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -22.5% over past five years.
  • Company has a low return on equity of 0.22% over last 3 years.
  • Company's cost of borrowing seems high

* 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

Financial Services Financial Services Finance Holding Company

Part of BSE Financial Services

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
8.41 8.25 7.68 7.58 7.72 5.83 5.41 4.59 3.30 2.85 3.14 3.13 1.76
6.68 6.70 5.83 6.71 7.99 5.54 5.20 4.99 5.64 4.19 5.61 4.77 5.45
Operating Profit 1.73 1.55 1.85 0.87 -0.27 0.29 0.21 -0.40 -2.34 -1.34 -2.47 -1.64 -3.69
OPM % 20.57% 18.79% 24.09% 11.48% -3.50% 4.97% 3.88% -8.71% -70.91% -47.02% -78.66% -52.40% -209.66%
0.19 0.79 0.05 7.45 -7.38 1.40 0.09 0.07 -0.20 8.56 0.01 -0.49 0.07
Interest 0.08 0.07 0.05 0.26 0.21 0.20 0.20 0.20 0.20 0.83 0.13 0.13 0.08
Depreciation 0.59 0.61 0.60 0.75 0.72 0.78 0.82 0.80 0.38 0.38 0.35 0.28 0.26
Profit before tax 1.25 1.66 1.25 7.31 -8.58 0.71 -0.72 -1.33 -3.12 6.01 -2.94 -2.54 -3.96
Tax % 30.40% 21.08% 36.00% -0.68% -3.96% -30.99% 2.78% -28.57% 8.65% 4.99% -85.71% 25.98% -7.07%
0.87 1.31 0.80 7.36 -8.24 0.93 -0.74 -0.95 -3.39 5.71 -0.42 -3.20 -3.68
EPS in Rs 0.17 0.26 0.16 1.43 -1.60 0.18 -0.14 -0.18 -0.65 1.09 -0.08 -0.61 -0.70
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
73.61 38.96 33.71 32.75 31.29 20.54 10.88
78.32 25.96 23.90 23.74 27.22 21.73 20.02
Operating Profit -4.71 13.00 9.81 9.01 4.07 -1.19 -9.14
OPM % -6.40% 33.37% 29.10% 27.51% 13.01% -5.79% -84.01%
-112.32 -12.78 0.14 4.79 0.85 0.30 8.15
Interest 0.05 0.16 0.16 0.24 0.59 0.80 1.17
Depreciation 3.08 2.68 2.17 2.24 2.68 2.78 1.27
Profit before tax -120.16 -2.62 7.62 11.32 1.65 -4.47 -3.43
Tax % 2.57% -430.15% 17.45% -7.51% 24.85% -6.94%
-123.26 8.65 6.29 12.16 1.24 -4.16 -1.59
EPS in Rs -12,326.00 1.35 0.98 2.38 0.24 -0.80 -0.30
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: %
5 Years: -23%
3 Years: -15%
TTM: -43%
Compounded Profit Growth
10 Years: %
5 Years: 11%
3 Years: %
TTM: -125%
Stock Price CAGR
10 Years: %
5 Years: 20%
3 Years: 5%
1 Year: -12%
Return on Equity
10 Years: %
5 Years: 1%
3 Years: 0%
Last Year: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 53.79 53.79 53.79 43.03 43.17 43.59 52.28
Reserves 865.38 874.23 881.81 814.78 820.82 821.21 985.70
0.73 0.65 0.15 0.79 5.50 4.90 4.61
11.88 10.15 11.60 9.74 11.63 16.25 6.54
Total Liabilities 931.78 938.82 947.35 868.34 881.12 885.95 1,049.13
93.81 97.82 99.19 99.23 102.96 6.98 6.11
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 735.03 675.06 577.09 523.49 622.93 779.11 853.94
102.94 165.94 271.07 245.62 155.23 99.86 189.08
Total Assets 931.78 938.82 947.35 868.34 881.12 885.95 1,049.13

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-0.05 18.84 -7.96 -17.38 -17.02 -9.33
0.00 -18.17 7.84 109.16 16.72 7.71
0.05 -0.17 -0.45 -91.81 0.17 1.62
Net Cash Flow 0.00 0.50 -0.56 -0.03 -0.12 0.01
Free Cash Flow -0.05 12.15 -7.91 -18.59 -18.16 -10.60
CFO/OP 1% 145% -132% -158% -375% 784%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 23.35 33.16 3.90 6.80 1.98 15.64
Inventory Days
Days Payable
Cash Conversion Cycle 23.35 33.16 3.90 6.80 1.98 15.64
Working Capital Days 313.48 1,116.83 2,740.37 2,568.93 864.26 -124.75
ROCE % 1.14% 0.83% 0.78% 0.27% -0.43%

Insights

In beta
Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Resident Satisfaction Score (Dehradun)
percent

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Senior Living Units Sold (Cumulative)
units
Care Home Occupied Bed Days
bed days
Care Home Operational Bed Capacity
beds
AGEasy Lives Touched (Cumulative)
lives
AGEasy SKUs
SKUs
AGEasy Marketplace RoAS
ratio
Care Home ARPOB (Average Revenue per Occupied Bed)
Rs per bed per day

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
51.11% 50.94% 50.94% 50.94% 50.94% 50.94% 50.94% 50.45% 50.16% 50.06% 49.89% 49.83%
10.71% 10.59% 10.32% 9.54% 9.01% 7.41% 6.77% 6.63% 7.13% 7.08% 7.09% 7.07%
0.00% 0.69% 0.69% 0.81% 0.81% 0.81% 0.94% 0.80% 0.98% 1.43% 1.58% 1.62%
38.18% 37.77% 38.04% 38.70% 39.23% 40.83% 41.35% 42.11% 41.72% 41.45% 41.44% 41.48%
No. of Shareholders 36,35636,56335,88840,36738,87639,88640,41739,91840,09039,79638,50837,492

* 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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