Max India Ltd

Max India Ltd

₹ 193 1.39%
13 Jun - close price
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 1,001 Cr.
  • Current Price 193
  • High / Low 319 / 160
  • Stock P/E
  • Book Value 69.1
  • Dividend Yield 0.00 %
  • ROCE -23.7 %
  • ROE -30.1 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 2.79 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -0.49%
  • The company has delivered a poor sales growth of -7.17% over past five years.
  • Company has a low return on equity of -12.6% over last 3 years.
  • Debtor days have increased from 23.4 to 55.7 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
50 44 58 43 56 41 49 41 45 26 43 35 42
54 45 56 46 55 53 54 58 66 54 64 64 83
Operating Profit -3 -1 2 -3 1 -12 -5 -17 -21 -28 -21 -30 -41
OPM % -7% -3% 4% -7% 2% -31% -9% -43% -46% -106% -49% -85% -99%
1 2 3 3 4 6 6 5 5 6 5 -8 4
Interest 1 2 1 2 2 1 1 1 1 1 2 2 3
Depreciation 2 2 2 2 2 2 2 2 3 4 5 5 5
Profit before tax -5 -2 2 -4 1 -10 -2 -17 -20 -27 -22 -44 -45
Tax % -71% 83% 208% -93% 388% 19% 160% 8% 6% 0% 3% 0% 2%
-2 -4 -2 -0 -4 -12 -5 -18 -22 -27 -23 -45 -46
EPS in Rs -0.24 -0.65 -0.34 -0.05 -0.82 -2.38 -0.91 -3.48 -4.20 -5.25 -4.42 -8.68 -8.88
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
211 121 229 212 191 145
216 150 232 202 229 264
Operating Profit -5 -29 -3 10 -38 -119
OPM % -2% -24% -1% 5% -20% -81%
277 0 2 1 4 7
Interest 27 24 10 6 5 8
Depreciation 8 10 7 8 10 19
Profit before tax 237 -64 -18 -3 -49 -139
Tax % 2% -17% -11% 245% 15% 1%
232 -53 -16 -10 -56 -140
EPS in Rs 29,706.00 -8.30 -2.52 -2.03 -10.97 -27.05
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -7%
3 Years: -14%
TTM: -24%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -131%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 44%
1 Year: -31%
Return on Equity
10 Years: %
5 Years: -9%
3 Years: -13%
Last Year: -30%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 54 54 54 43 43 44
Reserves 652 599 588 499 449 315
182 145 61 45 44 102
136 198 156 166 148 172
Total Liabilities 1,024 996 858 753 684 633
144 156 159 159 193 170
CWIP 1 0 0 0 10 21
Investments 414 334 178 83 63 53
465 506 522 511 418 389
Total Assets 1,024 996 858 753 684 633

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-19 73 66 69 -102 -128
-526 13 18 124 159 47
557 -73 -94 -119 -29 -13
Net Cash Flow 12 12 -10 75 27 -93

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 24 22 9 5 9 56
Inventory Days 1,736 6,544 385 223 38 186
Days Payable 154 633 28 48 148 346
Cash Conversion Cycle 1,607 5,932 366 180 -100 -104
Working Capital Days 443 517 349 249 -99 -20
ROCE % -4% -0% 1% -8% -24%

Shareholding Pattern

Numbers in percentages

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025May 2025
51.11% 51.11% 51.11% 51.11% 50.94% 50.94% 50.94% 50.94% 50.94% 50.94% 50.45% 50.45%
7.55% 11.38% 11.26% 10.71% 10.59% 10.32% 9.54% 9.01% 7.41% 6.77% 6.63% 7.14%
0.00% 0.00% 0.00% 0.00% 0.69% 0.69% 0.81% 0.81% 0.81% 0.94% 0.80% 0.95%
41.35% 37.51% 37.63% 38.18% 37.77% 38.04% 38.70% 39.23% 40.83% 41.35% 42.11% 41.45%
No. of Shareholders 31,34737,25938,69736,35636,56335,88840,36738,87639,88640,41739,91840,711

* 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.

Click on the line-items to see the names of individual entities.

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