Max India Ltd
Max India is the holding company of Max Group’s Senior Care business Antara, an integrated service provider for all senior care needs. [1]
- Market Cap ₹ 1,130 Cr.
- Current Price ₹ 218
- High / Low ₹ 312 / 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 3.15 times its book value
- Company has low interest coverage ratio.
- 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.
Peer comparison
Financial Services Financial Services Finance Holding Company
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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: | 45% |
1 Year: | -24% |
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% |
Documents
Announcements
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Intimation Of The Decision Of The National Stock Exchange Of India Limited And BSE Limited ('Stock Exchanges') On The Application For Re-Classification In Relation To Ms. Neelu Analjit Singh From 'Promoter And Promoter Group' To 'Public' Category As Per Regulation 31(A) Of The SEBI (LODR) Regulations, 2015.
16 Jul - Stock exchanges reject Max India's promoter reclassification application due to board representation violation.
- Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 16 Jul
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 11 Jul
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Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
11 Jul - Shareholders approved material related party transaction with 99.96% votes in favor on July 10, 2025.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
10 Jul - Antara AGEasy partners with Anupam Kher for active ageing awareness digital campaign.
Annual reports
Concalls
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Jun 2025Transcript PPT
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Aug 2020TranscriptNotesPPT
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