Max India Ltd(Merged)

Max India Ltd(Merged)

₹ 63.6 9.74%
11 Sep 2020
About

Max India is primarily engaged in making business investment in its subsidiaries and providing management advisory services to the group companies.(Source : 201903 Annual Report Page No: 158)

  • Market Cap 1,712 Cr.
  • Current Price 63.6
  • High / Low /
  • Stock P/E 4.88
  • Book Value 39.2
  • Dividend Yield 0.00 %
  • ROCE -2.49 %
  • ROE -3.68 %
  • Face Value 2.00

Pros

  • Company has reduced debt.

Cons

  • Company has a low return on equity of -4.43% over last 3 years.
  • Earnings include an other income of Rs.415 Cr.
  • Debtor days have increased from 39.6 to 61.3 days.
  • Working capital days have increased from 723 days to 2,697 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

Sector: Finance Industry: Finance & Investments

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
43 36 35 40 38 39 34
60 99 57 49 129 59 46
Operating Profit -17 -63 -23 -10 -92 -20 -12
OPM % -40% -176% -66% -24% -244% -52% -34%
0 2 1 10 5 13 387
Interest 7 6 6 6 6 6 6
Depreciation 1 1 1 1 1 2 2
Profit before tax -24 -68 -29 -6 -94 -15 367
Tax % -4% -0% -4% -5% -1% -5% 0%
-25 -69 -30 -7 -95 -15 367
EPS in Rs -0.70 -1.51 -0.57 -0.43 -1.87 -0.29 14.10
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
1,220 1,428 242 157 150
1,223 1,393 323 207 283
Operating Profit -3 35 -80 -50 -133
OPM % -0% 2% -33% -32% -89%
11 28 85 -49 415
Interest 41 53 26 24 23
Depreciation 56 53 4 5 7
Profit before tax -88 -43 -26 -128 252
Tax % -12% -8% -28% -2%
-99 -46 -33 -131 250
EPS in Rs -2,691.67 -1.73 -1.58 -3.21 11.51
Dividend Payout % 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: -50%
TTM: -35%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 13%
TTM: 31%
Stock Price CAGR
10 Years: %
5 Years: 2%
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: -4%
Last Year: -4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019
Equity Capital 0 53 54 54
Reserves 1,152 1,214 1,236 1,116
Preference Capital 1 1 0 0
523 653 214 194
774 994 846 971
Total Liabilities 2,449 2,914 2,349 2,335
936 931 170 120
CWIP 248 444 4 6
Investments 738 953 1,631 821
527 587 544 1,388
Total Assets 2,449 2,914 2,349 2,335

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019
31 -3
-54 13
25 -16
Net Cash Flow 2 -5

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019
Debtor Days 34 33 24 61
Inventory Days 22 20 829 2,053
Days Payable 406 458 342 166
Cash Conversion Cycle -351 -404 511 1,948
Working Capital Days -119 -114 -414 2,697
ROCE % 0% -2% -2%

Shareholding Pattern

Numbers in percentages

Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020
41.13% 40.97% 40.97% 40.97% 40.96% 40.96% 40.96% 40.93% 40.93% 40.93% 40.89% 40.89%
19.47% 19.36% 19.66% 24.51% 23.20% 23.64% 23.76% 26.30% 34.40% 36.08% 36.82% 37.58%
26.80% 26.91% 27.01% 21.36% 19.59% 19.88% 20.60% 17.31% 7.66% 4.99% 4.68% 4.57%
12.60% 12.75% 12.36% 13.16% 16.25% 15.51% 14.68% 15.46% 17.02% 18.00% 17.61% 16.96%
No. of Shareholders 38,26335,41633,68935,50837,23636,75036,24136,36535,02733,97133,11432,347

* 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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