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MAXIND

Max India Limited Share Price

Live price, chart and which mutual funds hold this stock

TopFund Score: 27/100 · Weak See breakdown ↓
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NSE Close — 25 Sep 2026

₹148.45

Change

-0.77 (-0.52%)

Open

₹147.73

Prev. Close

₹149.22

Day High

₹149.95

Day Low

₹146.01

Volume Analysis

Traded

16,908

Delivered

10,505

Delivery %

62.13%

End-of-day NSE price via the official Bhavcopy — updated once daily after market close, not a live tick.

Strengths, Weaknesses, Opportunities & Threats

Strengths (0)

No signal for this stock

Weaknesses (4)

  • •Low return on equity (-32.8%)
  • •Promoter holding is falling
  • •Below-average fundamentals quality score (27/100)
  • •Low operating margin (-54.0%)

Opportunities (0)

No signal for this stock

Threats (1)

  • •FII holding has been falling

Rule-based signals from the fundamentals below — not investment advice.

Pivot Levels

Type R3 R2 R1 Pivot S1 S2 S3
Classic ₹154.21 ₹152.08 ₹150.27 ₹148.14 ₹146.33 ₹144.2 ₹142.39
Fibonacci ₹152.08 ₹150.57 ₹149.65 ₹148.14 ₹146.63 ₹145.71 ₹144.2
Camarilla ₹149.53 ₹149.17 ₹148.81 ₹148.14 ₹148.09 ₹147.73 ₹147.37

Support/resistance levels for today, calculated from the previous trading day's high/low/close.

Absolute Returns

YTD

-19.13%

1 Week

-2.34%

1 Month

-1.3%

3 Months

-6.28%

6 Months

+5.25%

1 Year

-31.14%

2Y/3Y/5Y not shown yet — price history tracking only goes back to mid-2025 so far.

Stock Vitals

Computed from the latest available annual financials.

DuPont ROE Breakdown

-32.37%

Net margin -61.68% × asset turnover 0.32x × equity multiplier 1.64x

Company Overview

Sector

Financial Services

Market Cap

₹836 Cr

ROE

-32.8%

Book Value

₹77.7

Face Value

₹10.0

Source: Screener.in (Consolidated figures) — data as of 26 Sep 2026. Not investment advice.

TopFund Analysis

Max India Limited scores weakly on TopFund's composite fundamentals check within the Financial Services sector, at 27/100. The strongest factor is Valuation (50/100), while Cash Flow (0/100) is the weakest area to weigh before deciding. Notably: Low return on equity (-32.8%); promoter holding is falling. FII holding has been falling.

TopFund Score — Fundamentals Quality

27/100 — Weak

Data confidence: 73/100 (Moderate Confidence) — based on how complete and how fresh the underlying data is.

As of 27 Sep 2026 · How we calculate this →

Growth

26

Valuation

50

Cash Flow

0

Corporate Governance

43

Momentum

26

Institutional Ownership

40

Business Quality

0

Risk & Volatility

45

Liquidity

42

From Screener.in

  • +Company is expected to give good quarter
  • −Company has low interest coverage ratio.
  • −Promoter holding has decreased over last quarter: -1.50%
  • −The company has delivered a poor sales growth of 10.6% over past five years.
  • −Company has a low return on equity of -23.3% over last 3 years.

Not investment advice — an automated read of public fundamentals data, for research context only.

Corporate Actions

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 5 Sep 05 Sep
Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 20 Aug

Max India AGM resolutions passed with requisite majority, including financial statements adoption and Rajit Mehta reappointment.

Announcement under Regulation 30 (LODR)-Earnings Call Transcript 19 Aug 19 Aug
Shareholder Meeting / Postal Ballot-Outcome of AGM 19 Aug

Max India held its 7th AGM on August 19, 2026; shareholders adopted FY26 statements and reappointed a director.

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 12 Aug

Max India uploaded audio of its August 12 earnings call for Q1 FY27.

Source: BSE regulatory filings, via Screener.in.

Quarterly Results

Last several quarters

  Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Sales + 41 49 41 45 26 43 35 42 37 45 43 66 60
Expenses + 53 54 58 66 54 64 64 82 65 76 79 81 94
Operating Profit -12 -5 -17 -21 -28 -21 -30 -41 -28 -31 -36 -15 -34
OPM % -31.0% -9.0% -43.0% -46.0% -106.0% -49.0% -85.0% -98.0% -76.0% -69.0% -83.0% -23.0% -58.0%
Other Income + 6 6 5 5 6 5 -8 4 13 5 4 6 9
Interest 1 1 1 1 1 2 2 3 4 4 3 3 3
Depreciation 2 2 2 3 4 5 5 5 6 6 6 7 7
Profit before tax -10 -2 -17 -20 -27 -22 -44 -45 -25 -36 -41 -19 -36
Tax % 19.0% 160.0% 8.0% 6.0% 0.0% 3.0% 0.0% 2.0% 4.0% -5.0% 3.0% 2.0% 2.0%
Net Profit + -12 -5 -18 -22 -27 -23 -45 -46 -26 -34 -43 -19 -36
EPS in Rs -2 -1 -3 -4 -5 -4 -9 -9 -5 -7 -8 -4 -7
Raw PDF — — — — — — — — — — — — —

Source: Screener.in — figures in ₹ Crores unless marked %.

Profit & Loss (Yearly)

  Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Sales + 213 128 233 212 191 163 211 214
Expenses + 266 150 233 202 229 264 299 330
Operating Profit -53 -22 1 10 -38 -101 -88 -116
OPM % -25.0% -17.0% 0.3% 4.8% -20.0% -62.0% -42.0% -54.0%
Other Income + 325 -7 -1 1 4 -11 6 24
Interest 27 24 10 6 5 8 14 13
Depreciation 8 10 7 8 10 19 25 27
Profit before tax 237 -64 -18 -3 -49 -139 -121 -132
Tax % 2.0% -17.0% -11.0% 245.0% 15.0% 1.0% 1.0% —
Net Profit + 232 -53 -16 -10 -56 -140 -122 -132
EPS in Rs 29,706 -8 -3 -2 -11 -27 -23 -25
Dividend Payout % 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% —

Source: Screener.in — figures in ₹ Crores unless marked %.

Balance Sheet

  Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Reserves 652 599 588 499 449 315 356
Borrowings + 182 145 61 45 44 102 96
Other Liabilities + 136 198 156 166 148 172 165
Total Liabilities 1,024 996 858 753 684 633 669
Fixed Assets + 144 156 159 159 193 170 195
CWIP 1 0 0 0 10 21 2
Investments 414 334 178 83 63 53 34
Other Assets + 465 506 522 511 418 389 438
Total Assets 1,024 996 858 753 684 633 669
Equity Capital 54 54 54 43 43 44 53

Source: Screener.in — figures in ₹ Crores unless marked %.

Cash Flow

  Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Cash from Operating Activity + -19 73 66 69 -102 -128 -95
Cash from Investing Activity + -526 13 18 124 159 47 -50
Cash from Financing Activity + 557 -73 -94 -119 -29 -13 148
Net Cash Flow 12 12 -10 75 27 -93 4
CFO/OP -15 -326 7,765 690 241 126 103
Free Cash Flow -209 61 64 66 -131 -163 -127

Source: Screener.in — figures in ₹ Crores unless marked %.

Shareholding Pattern

Quarter-by-quarter — Promoters, FII, DII & public holding trend

Promoter holding: 50.94% → 48.33%
  Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Jul 2026
Public 38.04% 38.7% 39.23% 40.83% 41.35% 42.11% 41.72% 41.45% 41.44% 41.48% 41.5% 38.9%
Promoters 50.94% 50.94% 50.94% 50.94% 50.94% 50.45% 50.16% 50.06% 49.89% 49.83% 49.76% 48.33%
FII 10.32% 9.54% 9.01% 7.41% 6.77% 6.63% 7.13% 7.08% 7.09% 7.07% 7.06% 6.81%
DII 0.69% 0.81% 0.81% 0.81% 0.94% 0.8% 0.98% 1.43% 1.58% 1.62% 1.65% 5.96%

Source: Screener.in — quarterly shareholding disclosures.

Peers Comparison

Financial Services — ranked by market cap

Company Market Cap (Cr) P/E P/B ROE
Max India Limited (this stock) 836 — 1.9 -32.8%
Capital India Finance Ltd 852 — 1.27 -8.63%
Hexa Tradex Limited 883 — 0.19 -0.19%
Wealth Frst Port. Mg. Ltd 890 26.9 5.92 27.7%
Aryaman Financial Serv L 780 26.3 4.66 20.4%
Emkay Global Fin Serv Ltd 756 38.7 1.87 4.52%
Vls Finance Ltd 752 16.1 0.36 0.95%

Which Mutual Funds Hold Max India Limited?

Frequently Asked Questions about Max India Limited

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