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Max India Overview

Max India Ltd provides services associated with senior living communities. It owns, develops, constructs, operates, and establishes residential groups for seniors. The corporation also gives daily living and memory care, home care, control and consultancy, and shared offerings, as well as medicare merchandise. In addition, it is within the learning and development activities; and leasing of real estate houses. The agency changed into formerly referred to as Advaita Allied Health Services Ltd. Max India Ltd was established in 2019 and is primari...Read More

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Max India Key Financials

Market Cap ₹816 Cr.

Stock P/E -5.8

P/B 1.9

Current Price ₹155.3

Book Value ₹ 81.1

Face Value 10

52W High ₹242.4

Dividend Yield 0%

52W Low ₹ 121

Max India Share Price

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Volume
Price

Max India Quarterly Price

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Max India Peer Comparison

Max India Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 49 41 45 26 43 35 42 37 45 43
Other Income 6 4 5 6 5 4 4 5 5 7
Total Income 55 45 50 32 47 39 45 41 50 50
Total Expenditure 54 58 65 54 64 64 81 65 75 78
Operating Profit 1 -14 -15 -22 -16 -25 -36 -23 -25 -28
Interest 1 1 1 1 2 2 3 4 4 3
Depreciation 2 2 3 4 5 5 5 6 6 6
Exceptional Income / Expenses 0 0 0 0 0 -13 0 8 -0 -3
Profit Before Tax -2 -17 -20 -28 -23 -45 -44 -25 -35 -40
Provision for Tax 3 1 1 0 1 0 1 1 -2 1
Profit After Tax -5 -19 -21 -28 -23 -45 -45 -26 -33 -42
Adjustments 0 1 -1 1 1 1 -1 -0 -1 -1
Profit After Adjustments -5 -18 -22 -27 -23 -45 -46 -26 -34 -43
Adjusted Earnings Per Share -1 -3.9 -4.7 -5.9 -5 -9.8 -10 -4.9 -6.5 -8.2

Max India Profit & Loss

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 211 121 230 201 176 145 167
Other Income 3 9 8 12 19 19 21
Total Income 214 130 237 213 195 164 186
Total Expenditure 216 150 231 201 230 264 299
Operating Profit -2 -20 6 13 -35 -100 -112
Interest 27 24 10 6 5 8 14
Depreciation 8 10 7 8 10 19 23
Exceptional Income / Expenses -50 -8 -5 0 0 -13 5
Profit Before Tax -87 -63 -18 -3 -49 -139 -144
Provision for Tax 5 -11 -2 7 7 2 1
Profit After Tax -93 -52 -16 -10 -56 -140 -146
Adjustments 0 1 0 0 0 0 -3
Profit After Adjustments -93 -52 -16 -10 -56 -140 -149
Adjusted Earnings Per Share -16.3 -9.1 -2.8 -2.3 -12.3 -30.4 -29.6

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -18% -14% -7% 0%
Operating Profit CAGR 0% NAN% 0% 0%
PAT CAGR 0% 0% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -20% 20% 20% NA%
ROE Average -34% -16% -11% -12%
ROCE Average -31% -13% -9% -9%

Max India Balance Sheet

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 706 653 641 542 492 359
Minority's Interest 0 0 0 0 0 0
Borrowings 136 87 39 22 1 1
Other Non-Current Liabilities 19 31 24 28 52 108
Total Current Liabilities 162 226 153 161 139 165
Total Liabilities 1023 996 857 753 684 633
Fixed Assets 144 156 90 91 125 170
Other Non-Current Assets 59 112 218 203 216 107
Total Current Assets 819 728 549 459 343 261
Total Assets 1023 996 857 753 684 633

Max India Cash Flow

#(Fig in Cr.) Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 60 12 24 14 89 116
Cash Flow from Operating Activities -19 73 66 69 -102 -128
Cash Flow from Investing Activities -586 13 18 124 159 47
Cash Flow from Financing Activities 557 -73 -94 -119 -29 -13
Net Cash Inflow / Outflow -48 12 -10 75 27 -93
Closing Cash & Cash Equivalent 12 24 14 89 116 23

Max India Ratios

# Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -16.26 -9.06 -2.83 -2.28 -12.34 -30.42
CEPS(Rs) -14.79 -7.37 -1.59 -0.43 -10.11 -26.34
DPS(Rs) 0 0 0 0 0 0
Book NAV/Share(Rs) 123.91 114.71 112.4 118.21 105.76 75.52
Core EBITDA Margin(%) -2.49 -23.74 -0.54 0.25 -30.99 -81.48
EBIT Margin(%) -28.57 -31.95 -3.37 1.6 -25.26 -89.71
Pre Tax Margin(%) -41.41 -52.14 -7.84 -1.5 -27.92 -95.25
PAT Margin (%) -43.89 -43.32 -7.02 -5.16 -32.1 -96.5
Cash Profit Margin (%) -39.93 -34.74 -3.94 -0.96 -26.32 -83.56
ROA(%) -9.05 -5.19 -1.74 -1.29 -7.84 -21.32
ROE(%) -13.12 -7.71 -2.5 -1.76 -11.03 -33.75
ROCE(%) -6.88 -4.68 -1.06 0.52 -8.39 -30.58
Receivable days 24.36 32.46 10.42 7.78 8.1 34.05
Inventory Days 391.16 717.86 301.46 164.65 59.37 28.56
Payable days 153.81 579.52 49.64 44.5 108.15 304.19
PER(x) 0 0 0 0 0 0
Price/Book(x) 0 0.53 0.62 0.65 1.77 2.3
Dividend Yield(%) 0 0 0 0 0 0
EV/Net Sales(x) 1.01 3.67 1.8 1.4 3.68 4.77
EV/Core EBITDA(x) -109.75 -22.21 65.56 21.77 -18.28 -6.95
Net Sales Growth(%) 0 -42.71 90.17 -12.55 -12.64 -17.16
EBIT Growth(%) 0 35.94 79.94 141.54 -1478.74 -194.18
PAT Growth(%) 0 43.45 69.18 35.65 -442.97 -149.03
EPS Growth(%) 0 44.26 68.73 19.57 -441.19 -146.63
Debt/Equity(x) 0.24 0.19 0.06 0.04 0 0
Current Ratio(x) 5.07 3.22 3.59 2.84 2.47 1.58
Quick Ratio(x) 3.67 2.12 2.73 2.53 2.43 1.48
Interest Cover(x) -2.23 -1.58 -0.75 0.52 -9.51 -16.19
Total Debt/Mcap(x) 0 0.35 0.1 0.06 0 0

Max India Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 50.94 50.94 50.94 50.94 50.94 50.45 50.16 50.05 49.89 49.82
FII 10.32 9.54 9.01 7.41 6.77 6.63 7.13 7.08 7.08 7.07
DII 0.7 0.81 0.81 0.81 0.94 0.81 0.98 1.43 1.58 1.62
Public 38.04 38.71 39.24 40.84 41.35 42.11 41.73 41.44 41.45 41.48
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Max India News

Max India Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Promoter holding is low: 49.82%.
  • Company has a low return on equity of -16% over the last 3 years.
  • Debtor days have increased from 108.15 to 304.19days.
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