Max India Limited

NSE: MAXINDFinancial Services

Max India Limited Share Price & Analysis

₹149.90−0.02%Updated 28 Oct 2026, 03:30 pm IST
LTP
₹149.90−0.02%
Open
₹150.58
High
₹151.50
Low
₹146.70
Close
₹149.90
52W High
₹225.00
52W Low
₹120.00
Volume
18K
Lot Size
1
Sector
Financial Services
Market Cap
₹917 Cr
Face Value
₹10
Small Cap

Price Chart

Candle
Range

Fundamentals

P/E
—
Sector P/E
33.10
P/B
—
EPS
−₹28.48
ROE
−32.80%
ROCE
−23.00%
D/E Ratio
0.24
Div Yield
0.00%
Book Value
₹77.70

Strengths

  • Low debt relative to equity (D/E 0.2x)

Concerns

  • Currently loss-making (EPS ₹-28.5)
  • Negative return on equity (ROE -32.8%)
  • Negative return on capital (ROCE -23%)

Peer Comparison

CompanyCMPMkt CapP/EP/BROE %ROCE %D/E
HDFCBANK
HDFC Bank Limited
₹685
₹10.7L Cr13.31.7513.67.02—
ICICIBANK
ICICI Bank Limited
₹1,378
₹10.0L Cr172.5515.97.18—
SBIN
State Bank of India
₹957
₹8.8L Cr10.51.4215.46.13—
BAJFINANCE
Bajaj Finance Limited
₹917
₹5.8L Cr26.44.6318.210.9—
LICI
Life Insurance Corporation Of India
₹391
₹4.8L Cr8.032.837.835.10
KOTAKBANK
Kotak Mahindra Bank Limited
₹440
₹4.3L Cr20.22.2411.46.98—
AXISBANK
Axis Bank Limited
₹1,220
₹3.8L Cr12.71.6513.16.24—

Showing 7 peers in the same sector · Sorted by market cap

Shareholding Pattern

MAXIND · as of Mar 2026

Promoters50.45%0.49pp
FII6.63%0.14pp
DII0.80%0.14pp
Public42.11%0.76pp
CategoryDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters50.94%50.94%50.94%50.94%50.94%50.45%
FII10.32%9.54%9.01%7.41%6.77%6.63%
DII0.69%0.81%0.81%0.81%0.94%0.80%
Public38.04%38.70%39.23%40.83%41.35%42.11%

Corporate Events

To consider and approve the financial results for the period ended March 31, 2026

Results27 May 2026

Rights 19:100 @ Premium Rs 140/-

Rights28 Apr 2025

Annual General Meeting

AGM12 Sept 2024

Annual General Meeting

AGM13 Aug 2023

Latest News

All news

SEBI issues final order to Max Financial Services

*SEBI issues final order to Max Financial Services* following a show-cause notice dated October 24, 2024. The final order could have **significant regulatory and operational implications** for the company. Traders should monitor for potential penalties or compliance directives. 📊 *STOCKS:* $MFSL | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #SEBI

NSE Filing25 Aug
High Impact

Max Financial updates analysts on investor call.

*Max Financial updates analysts on investor call.* The company shared insights during its recent analyst and institutional investor meet. No major announcements or financial updates were disclosed. The event served as a routine update for market participants. 📊 *STOCKS:* $MFSL | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #InvestorCall

NSE Filing8h ago
Low Impact

Max Financial hosts analyst and institutional investor meet.

*Max Financial hosts analyst and institutional investor meet.* The company shared updates during its scheduled analyst and investor interaction event. No major financial announcements or strategic shifts were disclosed. Details focused on operational performance and market outlook. 📊 *STOCKS:* $MFSL | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #AnalystMeet

NSE Filing19 Oct
Low Impact

Max India issues press release with no key details

*Max India issues press release with no key details*. The company filed a generic press release on October 13, 2026, without disclosing any financial or strategic updates. No **revenue**, **profit**, or **corporate action** details were provided. Further clarity expected in subsequent filings. 📊 *STOCKS:* MAXINDIA | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #PressRelease

NSE Filing13 Oct
Low Impact

Max Financial discloses ESG rating under SEBI norms

*Max Financial discloses ESG rating under SEBI norms.* The update is part of mandatory disclosure under Regulation 游戏副本 of SEBI Listing Regulations. No financial impact is indicated. 📊 *STOCKS:* $MFSL | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #ESG

NSE Filing18 Sept
Low Impact

Max Financial discloses ESG rating update

*Max Financial discloses ESG rating update* as per SEBI Listing Regulations. The company has shared its latest ESG (Environmental, Social, Governance) rating with the exchange. This is a routine disclosure under Regulation 30 and does not indicate any operational or financial change. Investors may review the ESG score for sustainability assessment. 📊 *STOCKS:* $MFSL | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #ESG

NSE Filing11 Sept
Low Impact

Max Financial to host analyst call this week

*Max Financial to host analyst call this week.* The company will engage with institutional investors and analysts to discuss recent performance and strategic direction. No major announcements expected, but tone may influence sentiment. 📊 *STOCKS:* MAXFM | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #AnalystMeet

NSE Filing9 Sept
Low Impact

Max Financial Services publishes mandatory newspaper notice

*Max Financial Services publishes mandatory newspaper notice.* This is a routine regulatory disclosure as required under listing norms. **No financial or operational updates** were included in the filing. Such publications are standard practice for corporate transparency. 📊 *STOCKS:* MFSL | 🏢 *SECTOR:* Financial Services | #LOWIMPACT #CorporateFiling

NSE Filing25 Aug
Low Impact

Max Financial Services holds annual shareholder meeting.

*Max Financial Services holds annual shareholder meeting.* The company submitted the scrutinizer's report of its Annual General Meeting held on August 19, 2026, to the exchange. Voting results from the AGM were also disclosed. No major corporate actions or surprises were reported. 📊 *STOCKS:* $MFSL | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #ShareholdersMeeting

NSE Filing20 Aug
Low Impact

Max India allots 118,222 shares under ESOP

*Max India allots 118,222 shares under employee stock ownership plans.* The allotment is part of the company's ongoing ESOP/ESOS/ESPS program. No financial details or pricing disclosed in the filing. Impact on shareholding structure expected to be minimal. 📊 *STOCKS:* $MAXINDIA | 🏢 *SECTOR:* CapitalMarkets | #LOWIMPACT #ESOP

NSE Filing5 Aug
Low Impact

Financials

Quarterly Results

MetricDec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024
Revenue
₹43 Cr
4.4%
₹45 Cr
21.6%
₹37 Cr
11.9%
₹42 Cr
20.0%
₹35 Cr
18.6%
₹43 Cr
65.4%
₹26 Cr
42.2%
₹45 Cr
Op. Profit
₹-36 Cr
16.1%
₹-31 Cr
10.7%
₹-28 Cr
31.7%
₹-41 Cr
36.7%
₹-30 Cr
42.9%
₹-21 Cr
25.0%
₹-28 Cr
33.3%
₹-21 Cr
OPM
-83.0%
20.3%
-69.0%
9.2%
-76.0%
22.4%
-98.0%
15.3%
-85.0%
73.5%
-49.0%
53.8%
-106.0%
130.4%
-46.0%
Net Profit
₹-43 Cr
26.5%
₹-34 Cr
30.8%
₹-26 Cr
43.5%
₹-46 Cr
2.2%
₹-45 Cr
95.7%
₹-23 Cr
14.8%
₹-27 Cr
22.7%
₹-22 Cr
EPS (₹)
-8.17
25.3%
-6.52
32.8%
-4.91
44.7%
-8.88
2.3%
-8.68
96.4%
-4.42
15.8%
-5.25
25.0%
-4.2

Values in ₹ Cr · Source: Screener.in

Annual Profit & Loss

MetricMar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020
Revenue
₹191 Cr
17.2%
₹163 Cr
14.7%
₹191 Cr
9.9%
₹212 Cr
9.0%
₹233 Cr
82.0%
₹128 Cr
39.9%
₹213 Cr
Expenses
₹300 Cr
13.6%
₹264 Cr
15.3%
₹229 Cr
13.4%
₹202 Cr
13.3%
₹233 Cr
55.3%
₹150 Cr
43.6%
₹266 Cr
Op. Profit
₹-110 Cr
8.9%
₹-101 Cr
165.8%
₹-38 Cr
480.0%
₹10 Cr
900.0%
₹1 Cr
104.5%
₹-22 Cr
58.5%
₹-53 Cr
OPM
-58.0%
6.5%
-62.0%
210.0%
-20.0%
500.0%
5.0%
0.0%
100.0%
-17.0%
32.0%
-25.0%
Other Income
₹28 Cr
380.0%
₹-10 Cr
350.0%
₹4 Cr
300.0%
₹1 Cr
200.0%
₹-1 Cr
85.7%
₹-7 Cr
102.2%
₹325 Cr
Interest
₹14 Cr
75.0%
₹8 Cr
60.0%
₹5 Cr
16.7%
₹6 Cr
40.0%
₹10 Cr
58.3%
₹24 Cr
11.1%
₹27 Cr
Depreciation
₹25 Cr
31.6%
₹19 Cr
90.0%
₹10 Cr
25.0%
₹8 Cr
14.3%
₹7 Cr
30.0%
₹10 Cr
25.0%
₹8 Cr
PBT
₹-121 Cr
12.9%
₹-139 Cr
183.7%
₹-49 Cr
1533.3%
₹-3 Cr
83.3%
₹-18 Cr
71.9%
₹-64 Cr
127.0%
₹237 Cr
Tax %
1.0%
0.0%
1.0%
93.3%
15.0%
93.9%
245.0%
2327.3%
-11.0%
35.3%
-17.0%
950.0%
2.0%
Net Profit
₹-122 Cr
12.9%
₹-140 Cr
150.0%
₹-56 Cr
460.0%
₹-10 Cr
37.5%
₹-16 Cr
69.8%
₹-53 Cr
122.8%
₹232 Cr
EPS (₹)
-23.2
14.2%
-27.05
146.6%
-10.97
440.4%
-2.03
19.4%
-2.52
69.6%
-8.3
100.0%
29,706
Div Payout
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%

Values in ₹ Cr · Source: Screener.in

Balance Sheet

ItemMar 2026Sep 2025Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020
Liabilities
Equity Capital
₹53 Cr
1.9%
₹52 Cr
18.2%
₹44 Cr
2.3%
₹43 Cr
0.0%
₹43 Cr
20.4%
₹54 Cr
0.0%
₹54 Cr
0.0%
₹54 Cr
Reserves
₹356 Cr
14.2%
₹415 Cr
31.7%
₹315 Cr
29.8%
₹449 Cr
10.0%
₹499 Cr
15.1%
₹588 Cr
1.8%
₹599 Cr
8.1%
₹652 Cr
Borrowings
₹97 Cr
52.5%
₹204 Cr
100.0%
₹102 Cr
131.8%
₹44 Cr
2.2%
₹45 Cr
26.2%
₹61 Cr
57.9%
₹145 Cr
20.3%
₹182 Cr
Other Liabilities
₹164 Cr
1.8%
₹167 Cr
2.9%
₹172 Cr
16.2%
₹148 Cr
10.8%
₹166 Cr
6.4%
₹156 Cr
21.2%
₹198 Cr
45.6%
₹136 Cr
Total Liabilities
₹669 Cr
20.2%
₹838 Cr
32.4%
₹633 Cr
7.5%
₹684 Cr
9.2%
₹753 Cr
12.2%
₹858 Cr
13.9%
₹996 Cr
2.7%
₹1.0K Cr
Assets
Fixed Assets
₹194 Cr
16.9%
₹166 Cr
2.4%
₹170 Cr
11.9%
₹193 Cr
21.4%
₹159 Cr
0.0%
₹159 Cr
1.9%
₹156 Cr
8.3%
₹144 Cr
CWIP
₹2 Cr
93.8%
₹32 Cr
52.4%
₹21 Cr
110.0%
₹10 Cr
₹0 Cr
₹0 Cr
₹0 Cr
100.0%
₹1 Cr
Investments
₹34 Cr
42.4%
₹59 Cr
11.3%
₹53 Cr
15.9%
₹63 Cr
24.1%
₹83 Cr
53.4%
₹178 Cr
46.7%
₹334 Cr
19.3%
₹414 Cr
Other Assets
₹438 Cr
24.6%
₹581 Cr
49.4%
₹389 Cr
6.9%
₹418 Cr
18.2%
₹511 Cr
2.1%
₹522 Cr
3.2%
₹506 Cr
8.8%
₹465 Cr
Total Assets
₹669 Cr
20.2%
₹838 Cr
32.4%
₹633 Cr
7.5%
₹684 Cr
9.2%
₹753 Cr
12.2%
₹858 Cr
13.9%
₹996 Cr
2.7%
₹1.0K Cr

Values in ₹ Cr · Source: Screener.in

Cash Flow Statement

ItemMar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020
Operating CF
—
₹-128 Cr
25.5%
₹-102 Cr
247.8%
₹69 Cr
4.5%
₹66 Cr
9.6%
₹73 Cr
484.2%
₹-19 Cr
Investing CF
—
₹47 Cr
70.4%
₹159 Cr
28.2%
₹124 Cr
588.9%
₹18 Cr
38.5%
₹13 Cr
102.5%
₹-526 Cr
Financing CF
—
₹-13 Cr
55.2%
₹-29 Cr
75.6%
₹-119 Cr
26.6%
₹-94 Cr
28.8%
₹-73 Cr
113.1%
₹557 Cr
Net Cash Flow
—
₹-93 Cr
444.4%
₹27 Cr
64.0%
₹75 Cr
850.0%
₹-10 Cr
183.3%
₹12 Cr
0.0%
₹12 Cr
Free Cash Flow
—
₹-163 Cr
24.4%
₹-131 Cr
298.5%
₹66 Cr
3.1%
₹64 Cr
4.9%
₹61 Cr
129.2%
₹-209 Cr

Values in ₹ Cr · Source: Screener.in

Key Ratios History

MetricMar 2026Mar 2025Mar 2024Mar 2023Mar 2022Mar 2021Mar 2020
Debtor Days
71d
42.0%
50d
455.6%
9d
80.0%
5d
44.4%
9d
57.1%
21d
12.5%
24d
Inventory Days
107d
42.5%
186d
389.5%
38d
83.0%
223d
41.9%
384d
94.1%
6515d
287.3%
1682d
Days Payable
237d
31.5%
346d
133.8%
148d
208.3%
48d
71.4%
28d
95.6%
631d
323.5%
149d
Cash Conv. Cycle
-59d
46.8%
-111d
11.0%
-100d
155.6%
180d
50.7%
365d
93.8%
5906d
279.3%
1557d
Working Capital Days
273d
393.5%
-93d
6.1%
-99d
139.8%
249d
27.2%
342d
41.1%
581d
17.8%
493d
ROCE
-23.0%
4.2%
-24.0%
200.0%
-8.0%
900.0%
1.0%
0.0%
100.0%
-4.0%
—

Source: Screener.in · Lower days = better efficiency

Frequently Asked Questions

What is Max India Limited share price today?
Max India Limited (MAXIND) is currently trading at ₹149.9 on NSE, down 0.02% as of the last market session. Prices update daily after market close on MarketNetra.
Is Max India Limited available in F&O (Futures & Options)?
Yes, Max India Limited (MAXIND) is part of the NSE F&O segment with a lot size of 1 shares. Options are available with monthly expiry contracts. You can track the full option chain and OI analysis on MarketNetra.
What is Max India Limited 52-week high and low?
Max India Limited's 52-week high is ₹225 and the 52-week low is ₹120. The current price of ₹149.9 is 33.4% below the 52W high.
What is Max India Limited P/E ratio?
Max India Limited's P/E ratio and other fundamental metrics including P/B, ROE, and ROCE are available on the overview page. Data is sourced weekly from Screener.in.
How to trade Max India Limited options?
Max India Limited options are traded on NSE with monthly expiry contracts (lot size: 1 shares). To trade MAXIND options: select your expiry on the option chain page, identify key OI strikes, check the PCR and buildup type on OI analysis, and review FII/DII flows for institutional sentiment before taking a position.