Price
Financials
Consolidated, Rs crore| Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 258.57 | 289.04 | 16.36 | 16.42 | 384.11 | 15.26 | 38.22 | 28.88 | 27.32 | 27.44 | 29.28 | 23.31 |
| Expenses | 211.60 | 236.71 | 19.18 | 23.14 | 296.47 | 11.19 | 27.31 | 24.35 | 18.64 | 19.12 | 22.20 | 15.71 |
| Operating Profit | 46.97 | 52.33 | -2.82 | -6.72 | 87.64 | 4.07 | 10.91 | 4.53 | 8.68 | 8.32 | 7.08 | 7.60 |
| OPM % | 18.17% | 18.10% | -17.24% | -40.93% | 22.82% | 26.67% | 28.55% | 15.69% | 31.77% | 30.32% | 24.18% | 32.60% |
| Other Income | 4.77 | -22.35 | 23.35 | 44.90 | 4.89 | 28.98 | 59.75 | 327.70 | 6.24 | 5.93 | 6.36 | 5.41 |
| Interest | 16.02 | 14.19 | 5.28 | 4.12 | 11.68 | 4.25 | 4.20 | 4.26 | 3.54 | 5.45 | 4.53 | 5.10 |
| Depreciation | 12.07 | 12.09 | 3.36 | 3.56 | 13.19 | 3.78 | 3.80 | 3.49 | 3.88 | 3.86 | 3.45 | 3.72 |
| Profit before tax | 23.65 | 3.70 | 11.89 | 30.50 | 67.66 | 25.02 | 62.66 | 324.48 | 7.50 | 4.94 | 5.46 | 4.19 |
| Tax % | 44.78% | 159.73% | -6.48% | -10.16% | 31.94% | -2.24% | 2.14% | -0.40% | 15.33% | 26.32% | 28.94% | 25.54% |
| Net Profit | 13.06 | -2.21 | 12.66 | 33.59 | 46.05 | 25.58 | 61.32 | 325.78 | 6.35 | 3.65 | 3.88 | 3.11 |
| EPS in Rs | 0.29 | -0.78 | 0.14 | 0.88 | 1.61 | 0.82 | 2.23 | 21.74 | 0.43 | 0.23 | 0.27 | 0.26 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 700 | 721 | 742 | 932 | 1,391 | 73 | 109 | 107 |
| Expenses | 625 | 687 | 693 | 904 | 1,215 | 66 | 75 | 76 |
| Operating Profit | 76 | 34 | 49 | 29 | 177 | 7 | 34 | 32 |
| OPM % | 11% | 4.8% | 7% | 3.1% | 13% | 10% | 31% | 30% |
| Other Income | 5 | 10 | 8 | 13 | 7 | 73 | 455 | 24 |
| Interest | 34 | 33 | 23 | 42 | 71 | 17 | 17 | 19 |
| Depreciation | 19 | 20 | 23 | 30 | 46 | 13 | 15 | 15 |
| Profit before tax | 27 | -8 | 11 | -31 | 67 | 50 | 458 | 22 |
| Tax % | 29% | -20% | 70% | -5% | 34% | -15% | -0% | 23% |
| Net Profit | 19 | -7 | 3 | -29 | 44 | 57 | 459 | 17 |
| EPS in Rs | 1.78 | -0.48 | 0.25 | -1.58 | 2.55 | 0.52 | 26.39 | 1.19 |
| Dividend Payout % | 28% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | -32% | -57% | -2% | ||
| Compounded Profit Growth | % | 37% | -22% | -95% | ||
| Stock Price CAGR | 16% | 13% | 0% | % | ||
| Return on Equity | % | 9% | 13% | 1% |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 53 | 69 | 73 | 147 | 147 | 147 | 147 | 147 |
| Reserves | 157 | 262 | 342 | 691 | 728 | 736 | 1,046 | 1,063 |
| Borrowings | 282 | 325 | 679 | 573 | 596 | 543 | 317 | 862 |
| Other Liabilities | 77 | 136 | 499 | 483 | 405 | 466 | 148 | 154 |
| Total Liabilities | 569 | 792 | 1,593 | 1,894 | 1,875 | 1,892 | 1,657 | 2,226 |
| Fixed Assets | 270 | 323 | 309 | 598 | 1,266 | 1,318 | 928 | 1,427 |
| CWIP | 22 | 16 | 236 | 6 | 1 | 26 | 0 | 0 |
| Investments | 0 | 174 | 148 | 101 | 132 | 49 | 218 | 160 |
| Other Assets | 277 | 279 | 900 | 1,189 | 476 | 499 | 511 | 639 |
| Total Assets | 569 | 792 | 1,593 | 1,894 | 1,875 | 1,892 | 1,657 | 2,226 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 82 | 63 | -390 | -162 | 233 | 133 | 34 | -456 |
| Cash from Investing Activity | -51 | -220 | -152 | -131 | -172 | -42 | -131 | -52 |
| Cash from Financing Activity | -31 | 146 | 547 | 293 | -57 | -93 | 92 | 521 |
| Net Cash Flow | 1 | -11 | 4 | 1 | 5 | -2 | -5 | 13 |
| Free Cash Flow | 30 | 14 | -600 | -249 | 92 | 6 | -107 | -979 |
| CFO/OP | 119% | 196% | -755% | -550% | 141% | 2,249% | 121% | -1,339% |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 77 | 58 | 54 | 59 | 34 | 658 | 24 | 20 |
| Inventory Days | 45 | 99 | 481 | 423 | 58 | 3,905 | 202 | 6,553 |
| Days Payable | 43 | 65 | 113 | 91 | 51 | 2,910 | 382 | 458 |
| Cash Conversion Cycle | 79 | 91 | 422 | 391 | 41 | 1,653 | -156 | 6,115 |
| Working Capital Days | 33 | 14 | 24 | 171 | -42 | 918 | -1 | 1,484 |
| ROCE % | 4% | 4% | 1% | 9% | 6% | 30% | 2% |
| Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 49.68% | 49.68% | 49.68% | 49.66% | 49.65% | 49.60% | 49.57% | 49.54% | 49.53% | 49.52% | 49.52% | 49.51% |
| FIIs | 7.79% | 7.79% | 7.34% | 7.41% | 7.42% | 7.46% | 7.63% | 7.55% | 29.58% | 30.03% | 30.18% | 30.22% |
| DIIs | 23.24% | 23.24% | 23.24% | 23.08% | 22.47% | 21.77% | 21.31% | 21.28% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public | 19.30% | 19.29% | 19.74% | 19.85% | 20.46% | 21.17% | 21.48% | 21.64% | 20.89% | 20.46% | 20.30% | 20.26% |
| No. of Shareholders | 33,676 | 32,644 | 31,841 | 31,873 | 30,851 | 31,632 | 32,602 | 32,041 | 30,321 | 29,328 | 29,088 | 28,511 |
Fundamentals
Market Cap₹ 3,181 Cr.
Current Price₹ 216
Stock P/E181
Book Value₹ 82.2
ROCE2.22 %
ROE1.46 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-2%
Compounded Profit Growth (TTM)-95%
Consolidated figures.
Valuation
Market capRs 3,170 Cr
Enterprise valueRs 3,624 Cr
P/E (TTM)180.73x
Price to book3.59x
Price to sales29.53x
EV / EBITDA65.15x
EV / EBIT89.02x
EV / sales33.76x
Price to cash flow23.92x
Earnings yield0.55%
P/E, 3-year average60.16x
P/B, 3-year average0.76x
P/E, 5-year average82.42x
P/B, 5-year average1.04x
Profitability
Operating margin (excl. other income)9.64%
Operating margin (incl. other income)109.65%
EBITDA margin51.81%
Pre-tax margin20.58%
Net profit margin16.34%
Net margin, latest quarter16.30%
ROE0.87%
ROCE4.61%
ROA0.41%
ROE, 3-year average0.52%
ROCE, 3-year average5.02%
ROA, 3-year average0.36%
ROE, 5-year average0.01%
ROCE, 5-year average4.65%
ROA, 5-year average0.08%
ROIC (approx.)3.51%
Tax rate-15.24%
Other income / net worth8.25%
Growth
Sales growth (latest year)-94.77%
Profit growth (latest year)-79.48%
Sales CAGR, 3 years-53.87%
Sales CAGR, 5 years-36.41%
Profit CAGR, 3 years27.56%
Profit CAGR, 5 years-16.74%
Sales growth QoQ-20.39%
Profit growth QoQ-5.47%
Sales growth YoY (latest quarter)-19.29%
Profit growth YoY (latest quarter)-98.81%
Per share
EPS (TTM)Rs 1.20
EPS (latest year)Rs 0.52
EPS (latest quarter)Rs 0.26
EPS, 3-year averageRs 0.50
EPS, 5-year averageRs 0.21
Book value per shareRs 60.21
Sales per shareRs 7.32
Cash flow per shareRs 9.04
Free cash flow per shareRs -66.77
Efficiency
Asset turnover0.04x
Fixed asset turnover0.06x
Inventory turnover0.15x
Inventory days2480 days
Debtor days658 days
Debtors turnover0.55x
Creditor days458 days
Cash conversion cycle6115 days
Working capital days1484 days
Leverage
Total debtRs 543 Cr
Cash and bankRs 89 Cr
Net debtRs 454 Cr
Debt to equity0.62x
Net debt / EBITDA8.16x
Interest coverage2.19x
Owners' fund to total sources46.67%
Debt to assets28.72%
Cash flow
Cash from Operating Activity (latest year)Rs 133 Cr
Cash from Investing Activity (latest year)Rs -42 Cr
Cash from Financing Activity (latest year)Rs -93 Cr
Net Cash Flow (latest year)Rs -2 Cr
Free cash flow (latest year)Rs -979 Cr
FCFE (approx.: FCF + change in debt)Rs -1,031 Cr
Cash from ops / profit, 5 years-0.40x
Sales to cash flow0.55x
Statement figures
Net sales (TTM)Rs 107 Cr
Net sales (latest year)Rs 73 Cr
Sales (latest quarter)Rs 23 Cr
Operating profit excl. other income (latest year)Rs 7 Cr
Operating profit (latest quarter)Rs 8 Cr
Other income (TTM)Rs 24 Cr
EBITDA (TTM)Rs 56 Cr
PBDT (TTM)Rs 37 Cr
Profit before tax (TTM)Rs 22 Cr
Tax (latest year)Rs -8 Cr
Net profit (TTM)Rs 18 Cr
Net profit (latest year)Rs 8 Cr
Net profit (latest quarter)Rs 4 Cr
Depreciation (TTM)Rs 15 Cr
Depreciation (latest quarter)Rs 4 Cr
Interest (TTM)Rs 19 Cr
Cost of goods sold (latest year)Rs 28 Cr
Total expenditure (latest year)Rs 66 Cr
Total income (latest year)Rs 146 Cr
Share capitalRs 147 Cr
ReservesRs 736 Cr
Shareholders' fundsRs 883 Cr
Total assetsRs 1,892 Cr
Net blockRs 1,318 Cr
Capital work in progressRs 26 Cr
InvestmentsRs 49 Cr
ReceivablesRs 131 Cr
InventoryRs 187 Cr
Other liabilitiesRs 466 Cr
Shares outstanding (crore)14.66
Ownership
Promoter holding49.51% (-0.03 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 180.7 is at the 87th percentile of its own 3.8-year range
(median 37.4, low 3.3, high 285.1).
P/B 3.59 is at the 90th percentile (median 2.04).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | MAXVIL | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +10.4% | -2.8% | +13.2 pts |
| 1 month | +2.1% | -6.8% | +8.8 pts |
| 3 months | +15.9% | -7.6% | +23.5 pts |
| 6 months | +58.0% | +0.4% | +57.6 pts |
| 1 year | +109.5% | -9.9% | +119.4 pts |
| 2 years | +137.3% | -13.6% | +150.9 pts |
| 3 years | +455.1% | +14.2% | +440.9 pts |
| 5 years | +253.0% | +27.9% | +225.1 pts |
Red flags
F-score 5 of 8| explain | Receivables outrunning sales Receivables grew 1% vs sales -95% in 2023 |
| look | Inventory outrunning sales Inventory grew 16% vs sales -95% in 2023 |
| look | Profit leans on other income Other income was 147% of pre-tax profit in 2023 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Mar 2023Sales ₹23 Cr -19.3% vs Mar 2022.
Net profit ₹3 Cr -99.0%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Bajaj Finserv Ltd | 279,143 | 27.2 | 10.6 % |
| Bajaj Holdings & Investment Ltd | 117,967 | 13.3 | 11.0 % |
| Choice International Ltd | 16,511 | 72.4 | 17.9 % |
| Edelweiss Financial Services Ltd | 13,040 | 20.7 | 14.1 % |
| JM Financial Ltd | 12,037 | 11.4 | 11.6 % |
| Kama Holdings Ltd | 7,192 | 6.34 | 14.0 % |
| Rane Holdings Ltd | 2,207 | 28.0 | 9.52 % |
| BF Investment Ltd | 1,640 | 4.21 | 4.86 % |
| Balmer Lawrie Investment Ltd | 1,439 | 8.03 | 16.9 % |
| Abans Financial Services Ltd | 1,030 | 8.02 | 7.90 % |
| Max India Ltd | 906 | -23.0 % | |
| GFL Ltd | 606 | 10.0 | 2.07 % |
| Nisus Finance Services Co Ltd | 394 | 5.84 | 37.7 % |
| Tamboli Industries Ltd | 292 | 26.4 | 12.0 % |
| BIL Vyapar Ltd | 14 | 84.9 | % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2022-08-17 | Annual General Meeting | |
| 2021-09-15 | Annual General Meeting | |
| 2020-12-22 | Annual General Meeting | |
| 2019-09-16 | Annual General Meeting | |
| 2018-09-17 | Annual General Meeting | |
| 2018-06-21 | Rights 67:66 @ Premium Rs 51/- | |
| 2017-09-18 | Annual General Meeting | |
| 2016-09-19 | Annual General Meeting |
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Max Ventures and Industries Ltd(Merged)?
Max Ventures and Industries Ltd(Merged) (MAXVIL) has a market capitalisation of Rs 3,181 Cr. at the 2023-08-10 close.
What is the P/E ratio of Max Ventures and Industries Ltd(Merged)?
Max Ventures and Industries Ltd(Merged) trades at a P/E of 181 on trailing twelve-month profit, at the 2023-08-10 close.
What were Max Ventures and Industries Ltd(Merged)'s latest quarterly results?
In the Mar 2023 quarter, Max Ventures and Industries Ltd(Merged) sales was Rs 23 Cr (-19.3% vs Mar 2022) and net profit was Rs 3 Cr.