Max India Ltd

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

₹ 161 0.12%
30 Sep 12:17 p.m.
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 ₹ 905 Cr.
  • Current Price ₹ 161
  • High / Low ₹ 229 / 120
  • Stock P/E
  • Book Value ₹ 77.7
  • Dividend Yield 0.00 %
  • ROCE -23.0 %
  • ROE -32.8 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -1.50%
  • The company has delivered a poor sales growth of 10.6% over past five years.
  • Company has a low return on equity of -23.3% over last 3 years.
  • Debtor days have increased from 41.0 to 64.0 days.
  • Working capital days have increased from 12.6 days to 231 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

Part of BSE Financial Services

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
41 49 41 45 26 43 35 42 37 45 43 66 60
53 54 58 66 54 64 64 82 65 76 79 81 94
Operating Profit -12 -5 -17 -21 -28 -21 -30 -41 -28 -31 -36 -15 -34
OPM % -31% -9% -43% -46% -106% -49% -85% -98% -76% -69% -83% -23% -58%
6 6 5 5 6 5 -8 4 13 5 4 6 9
Interest 1 1 1 1 1 2 2 3 4 4 3 3 3
Depreciation 2 2 2 3 4 5 5 5 6 6 6 7 7
Profit before tax -10 -2 -17 -20 -27 -22 -44 -45 -25 -36 -41 -19 -36
Tax % 19% 160% 8% 6% 0% 3% 0% 2% 4% -5% 3% 2% 2%
-12 -5 -18 -22 -27 -23 -45 -46 -26 -34 -43 -19 -36
EPS in Rs -2.38 -0.91 -3.48 -4.20 -5.25 -4.42 -8.68 -8.88 -4.91 -6.52 -8.17 -3.67 -6.91
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
213 128 233 212 191 163 211 214
266 150 233 202 229 264 299 330
Operating Profit -53 -22 1 10 -38 -101 -88 -116
OPM % -25% -17% 0.3% 4.8% -20% -62% -42% -54%
325 -7 -1 1 4 -11 6 24
Interest 27 24 10 6 5 8 14 13
Depreciation 8 10 7 8 10 19 25 27
Profit before tax 237 -64 -18 -3 -49 -139 -121 -132
Tax % 2% -17% -11% 245% 15% 1% 1%
232 -53 -16 -10 -56 -140 -122 -132
EPS in Rs 29,706.00 -8.30 -2.52 -2.03 -10.97 -27.05 -23.20 -25.27
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 11%
3 Years: 0%
TTM: 37%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 3%
Stock Price CAGR
10 Years: %
5 Years: 18%
3 Years: 6%
1 Year: -25%
Return on Equity
10 Years: %
5 Years: -13%
3 Years: -23%
Last Year: -33%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 54 54 54 43 43 44 53
Reserves 652 599 588 499 449 315 356
182 145 61 45 44 102 96
136 198 156 166 148 172 165
Total Liabilities 1,024 996 858 753 684 633 669
144 156 159 159 193 170 195
CWIP 1 0 0 0 10 21 2
Investments 414 334 178 83 63 53 34
465 506 522 511 418 389 438
Total Assets 1,024 996 858 753 684 633 669

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-19 73 66 69 -102 -128 -95
-526 13 18 124 159 47 -50
557 -73 -94 -119 -29 -13 148
Net Cash Flow 12 12 -10 75 27 -93 4
Free Cash Flow -209 61 64 66 -131 -163 -127
CFO/OP -15% -326% 7,765% 690% 241% 126% 103%

Ratios

Consolidated / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 24 21 9 5 9 50 64
Inventory Days 1,682 6,515 384 223 38 186 107
Days Payable 149 631 28 48 148 346 236
Cash Conversion Cycle 1,557 5,906 365 180 -100 -111 -65
Working Capital Days 493 581 342 249 -99 -93 231
ROCE % -4% -0% 1% -8% -24% -23%

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

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Jul 2026
50.94% 50.94% 50.94% 50.94% 50.94% 50.45% 50.16% 50.06% 49.89% 49.83% 49.76% 48.33%
10.32% 9.54% 9.01% 7.41% 6.77% 6.63% 7.13% 7.08% 7.09% 7.07% 7.06% 6.81%
0.69% 0.81% 0.81% 0.81% 0.94% 0.80% 0.98% 1.43% 1.58% 1.62% 1.65% 5.96%
38.04% 38.70% 39.23% 40.83% 41.35% 42.11% 41.72% 41.45% 41.44% 41.48% 41.50% 38.90%
No. of Shareholders 35,88840,36738,87639,88640,41739,91840,09039,79638,50837,49236,82636,645

* 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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