Maxvolt Energy Industries Ltd
₹ 430
-1.31%
05 Dec
10:31 a.m.
About
Incorporated in 2019, Maxvolt Energy Industries Limited is a manufacturer of lithium-ion batteries.[1]
Key Points
- Market Cap ₹ 469 Cr.
- Current Price ₹ 430
- High / Low ₹ 483 / 145
- Stock P/E 25.7
- Book Value ₹ 74.8
- Dividend Yield 0.00 %
- ROCE 31.9 %
- ROE 25.2 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 33.4%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 39.1%
- Debtor days have increased from 58.5 to 105 days.
- Working capital days have increased from 82.1 days to 145 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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Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| 6 | 14 | 48 | 107 | 197 | |
| 6 | 13 | 42 | 93 | 170 | |
| Operating Profit | 0 | 1 | 7 | 14 | 27 |
| OPM % | 3% | 4% | 14% | 13% | 14% |
| 0 | 0 | 0 | 2 | 2 | |
| Interest | 0 | 0 | 1 | 1 | 2 |
| Depreciation | 0 | 0 | 0 | 1 | 1 |
| Profit before tax | 0 | 0 | 6 | 14 | 26 |
| Tax % | 67% | 10% | 18% | 27% | |
| 0 | 0 | 5 | 10 | 18 | |
| EPS in Rs | 0.31 | 8.75 | 6.71 | 9.28 | 16.75 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 159% |
| TTM: | 191% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 904% |
| TTM: | 108% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 33% |
| Last Year: | 25% |
Balance Sheet
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 0.32 | 0.32 | 8 | 11 | 11 |
| Reserves | 0 | 0 | 4 | 58 | 71 |
| 2 | 3 | 6 | 10 | 41 | |
| 1 | 7 | 14 | 17 | 31 | |
| Total Liabilities | 4 | 10 | 32 | 96 | 153 |
| 1 | 1 | 1 | 4 | 5 | |
| CWIP | 0 | 0 | 0 | 0 | 11 |
| Investments | 0 | 0 | 1 | 27 | 29 |
| 3 | 10 | 30 | 65 | 109 | |
| Total Assets | 4 | 10 | 32 | 96 | 153 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| -2 | -0 | -8 | -45 | |
| -1 | -0 | -1 | -3 | |
| 2 | 0 | 8 | 49 | |
| Net Cash Flow | 0 | 0 | 0 | 1 |
Ratios
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 25 | 21 | 50 | 105 |
| Inventory Days | 169 | 132 | 129 | 85 |
| Days Payable | 46 | 209 | 99 | 35 |
| Cash Conversion Cycle | 147 | -56 | 80 | 154 |
| Working Capital Days | 14 | 19 | 82 | 145 |
| ROCE % | 19% | 66% | 32% |
Documents
Announcements
-
Analysts/Institutional Investor Meet/Con. Call Updates
4 December 2025 - Analyst/institutional investor meeting on 09-Dec-2025 (physical/virtual); no UPSI shared.
-
Analysts/Institutional Investor Meet/Con. Call Updates
20 November 2025 - H1 FY26 transcript: revenue INR130 crore, EBITDA INR18.43 crore, PAT INR12.92 crore; capacity doubled, recycling plant planned.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
20 November 2025 - Regulation 74(5) certificate: 10,903,928 demat shares as of 30/09/2025; NSE SME listed 19/02/2025.
-
Copy of Newspaper Publication
15 November 2025 - MAXVOLT disclosed unaudited H1 results for period ended Sep 30, 2025; Board approved Nov 13; published Nov 14.
-
Analysts/Institutional Investor Meet/Con. Call Updates
14 November 2025 - Audio recording of H1 FY26 earnings call (14 Nov 2025) uploaded on company website.
Concalls
-
Nov 2025Transcript PPT
-
Jun 2025Transcript PPT REC
Business Profile[1]
The company manufactures lithium-ion batteries under the "MaxVolt Energy" brand, catering to electric vehicles (E-Scooters, E-Rickshaws, E-Cycles), energy storage, and electronic gadgets. It also offers custom battery packs, graphene battery packs, and battery chargers.