Maxvolt Energy Industries Ltd
Incorporated in 2019, Maxvolt Energy Industries Limited is a manufacturer of lithium-ion batteries.[1]
- Market Cap ₹ 414 Cr.
- Current Price ₹ 379
- High / Low ₹ 509 / 210
- Stock P/E 17.0
- Book Value ₹ 95.6
- Dividend Yield 0.00 %
- ROCE 27.1 %
- ROE 28.2 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.9%
- Debtor days have improved from 67.4 to 48.1 days.
- Company's working capital requirements have reduced from 99.5 days to 71.2 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 39.1%
* 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
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Part of Nifty SME Emerge
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 6 | 14 | 48 | 107 | 297 | |
| 6 | 13 | 42 | 93 | 261 | |
| Operating Profit | 0 | 1 | 7 | 14 | 36 |
| OPM % | 3% | 4% | 14% | 13% | 12% |
| 0 | 0 | 0 | 2 | 2 | |
| Interest | 0 | 0 | 1 | 1 | 3 |
| Depreciation | 0 | 0 | 0 | 1 | 1 |
| Profit before tax | 0 | 0 | 6 | 14 | 33 |
| Tax % | 67% | 10% | 18% | 27% | 26% |
| 0 | 0 | 5 | 10 | 24 | |
| EPS in Rs | 0.31 | 8.75 | 6.71 | 9.28 | 22.36 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 179% |
| TTM: | 176% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 343% |
| TTM: | 141% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 53% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 30% |
| 3 Years: | 30% |
| Last Year: | 28% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.32 | 0.32 | 8 | 11 | 11 |
| Reserves | 0 | 0 | 4 | 58 | 93 |
| 2 | 3 | 6 | 10 | 85 | |
| 1 | 7 | 14 | 17 | 35 | |
| Total Liabilities | 4 | 10 | 32 | 96 | 225 |
| 1 | 1 | 1 | 4 | 19 | |
| CWIP | 0 | 0 | 0 | 0 | 13 |
| Investments | 0 | 0 | 1 | 27 | 23 |
| 3 | 10 | 30 | 65 | 169 | |
| Total Assets | 4 | 10 | 32 | 96 | 225 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| -2 | -0 | -8 | -45 | -29 | |
| -1 | -0 | -1 | -3 | -30 | |
| 2 | 0 | 8 | 49 | 84 | |
| Net Cash Flow | 0 | 0 | 0 | 1 | 25 |
| Free Cash Flow | -2 | -0 | -8 | -48 | -59 |
| CFO/OP | -919% | -57% | -111% | -318% | -73% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 25 | 21 | 50 | 105 | 48 |
| Inventory Days | 169 | 132 | 129 | 85 | 94 |
| Days Payable | 46 | 209 | 99 | 35 | 18 |
| Cash Conversion Cycle | 147 | -56 | 80 | 154 | 124 |
| Working Capital Days | 14 | 19 | 82 | 145 | 71 |
| ROCE % | 19% | 66% | 32% | 27% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Capacity Utilization % |
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| Dealer/Distributor Count count |
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| OEM Partners count |
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| E-Scooter Revenue Share % |
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| Monthly Battery Production Capacity batteries/month |
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| Employee Strength count |
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| Service Network (Pin Codes Covered) pin codes |
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| Warehouses count |
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Extracted by Screener AI
Documents
Announcements
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Analysts/Institutional Investor Meet/Con. Call Updates
10 July 2026 - Maxvolt Energy to meet analysts and investors on 15-16 July 2026.
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Analysts/Institutional Investor Meet/Con. Call Updates
10 July 2026 - Maxvolt Energy will host investor and analyst plant visit at Ghaziabad on 24 June 2026.
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Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
7 July 2026 - Maxvolt Energy says corporate governance reporting is not applicable for quarter ended June 30, 2026.
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Structural Digital Database
25 June 2026 - Maxvolt confirms SDD compliance, migration to Fintrack, and no non-compliance as of June 25, 2026.
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Analysts/Institutional Investor Meet/Con. Call Updates
16 June 2026 - Management to host investors/analysts for a plant visit at Ghaziabad on 24 June 2026.
Concalls
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May 2026Transcript PPT REC
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Nov 2025Transcript PPT
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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.