Maxvolt Energy Industries Ltd
₹ 277
-5.00%
04 Mar
3:24 p.m.
About
Incorporated in 2019, Maxvolt Energy Industries Limited is a manufacturer of lithium-ion batteries.[1]
Key Points
- Market Cap ₹ 302 Cr.
- Current Price ₹ 277
- High / Low ₹ 509 / 145
- Stock P/E 16.5
- 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.
Loading peers table ...
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: | 70% |
| 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% |
Insights
In beta| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Dealer and Distributor Network Count |
|
|||||
| Installed Production Capacity MWh |
||||||
| Capacity Utilization % |
||||||
| OEM Partnerships Count |
||||||
| Production Capacity (Volume) Battery Packs/Month |
||||||
| Employee Strength Count |
||||||
| Geographical Footprint (Pin Codes) Count |
||||||
| Service Turnaround Time (TAT) Hours |
||||||
Requires Premium
Requires Premium
Documents
Announcements
-
Outcome of Board Meeting
3 March 2026 - Registered office moved to Uttar Pradesh; EGM on 02-Apr-2026; material RPTs approved for FY25-26 and FY26-27; scrutinizer appointed.
-
Analysts/Institutional Investor Meet/Con. Call Updates
2 March 2026 - Maxvolt officials to attend Bharat Connect Conference: Rising Stars on 06-Mar-2026.
-
Outcome of Board Meeting
27 February 2026 - Allotment of 9,61,822 warrants at ₹440 each on Feb 27, 2026; ₹10.58 crore received (25%); convertible within 18 months.
-
Action(s) taken or orders passed
25 February 2026 - Divisional Commissioner ordered recovery of ₹6,31,472 stamp duty and ₹58,800 penalty on Feb 25, 2026.
-
General Updates
17 February 2026 - MoU with IIT Roorkee for R&D, top-up fellowships (min 10 students), CoE, workshops.
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.