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 ₹ 1,081 Cr.
- Current Price ₹ 207
- High / Low ₹ 312 / 160
- Stock P/E
- Book Value ₹ 69.1
- Dividend Yield 0.00 %
- ROCE -23.6 %
- ROE -30.0 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 3.00 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 | TTM | |
---|---|---|---|---|---|---|---|
211 | 121 | 229 | 212 | 191 | 145 | 156 | |
216 | 150 | 232 | 202 | 229 | 264 | 275 | |
Operating Profit | -5 | -29 | -3 | 10 | -38 | -118 | -120 |
OPM % | -2% | -24% | -1% | 5% | -20% | -81% | -77% |
277 | 0 | 2 | 1 | 4 | 6 | 14 | |
Interest | 27 | 24 | 10 | 6 | 5 | 8 | 10 |
Depreciation | 8 | 10 | 7 | 8 | 10 | 19 | 21 |
Profit before tax | 237 | -64 | -18 | -3 | -49 | -139 | -136 |
Tax % | 2% | -17% | -11% | 245% | 15% | 1% | |
232 | -53 | -16 | -10 | -56 | -140 | -139 | |
EPS in Rs | 29,706.00 | -8.30 | -2.52 | -2.03 | -10.97 | -27.05 | -26.89 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | -7% |
3 Years: | -14% |
TTM: | -4% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -88% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 41% |
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 | 438 | 500 | 343 | 249 | -99 | -36 |
ROCE % | -4% | -0% | 1% | -8% | -24% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 1d
- Announcement under Regulation 30 (LODR)-Newspaper Publication 1d
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Dispatch Of Letter To Shareholders Whose E-Mail Addresses Are Not Registered With Company/Registrar & Transfer Agent/Depository Participants
2d - Annual Report FY 2024-25 available online; 6th AGM scheduled for Sept 3, 2025 with e-voting details.
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Reg. 34 (1) Annual Report.
2d - Notice of 6th AGM on Sept 3, 2025; Annual Report FY24-25 released with voting details.
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Notice Of AGM Scheduled To Be Held On September 3, 2025
2d - Notice of 6th AGM on Sept 3, 2025, and FY 2024-25 Annual Report circulated with e-voting details.
Annual reports
Concalls
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Aug 2025Transcript PPT
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Jun 2025Transcript PPT
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May 2025TranscriptNotesPPT REC
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Nov 2024Transcript PPT
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Dec 2023TranscriptNotesPPT
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Aug 2023TranscriptNotesPPT REC
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Dec 2022Transcript PPT
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Nov 2021TranscriptPPT
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Feb 2021TranscriptNotesPPT
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Sep 2020TranscriptNotesPPT
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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