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Max India Limited

Financial Services · Finance

NSE: MAXIND BSE: 543223
₹160.83
▲ 0.59 (0.37%)
Sept. 30, 2026 · NSE · nse_bhavcopy
Quality
37/100
Weak
Valuation
79/100
Undervalued
Momentum
71/100
Bullish

QVM read Cheap and turning up Quality Weak, Valuation Undervalued, Momentum Bullish

Tradinity's own scoring, not a copy of any third party's -- see the Key Metrics section for the real ratios behind each number.

Key Metrics

Market Capitalization
₹846 Cr
PE (TTM)
Data unavailable.
Price to Book
2.1
PEG (TTM)
Data unavailable (needs 8 quarters of EPS).
Institutions holding %
12.77%
FII + DII, latest filed period
Piotroski Score
2
Relative return vs Nifty50, qtr %
6.6
Relative return vs Sector, qtr %
11.7
Free Cash Flow
₹-146 Cr
as of March 31, 2026
Industry median ₹-0 Cr (536 companies)
EPS Growth (YoY)
-159.50%
as of June 30, 2026
Industry median 25.00% (187 companies)
Net Profit Growth (TTM)
-390.48%
as of June 30, 2026
Industry median 0.00% (481 companies)
Operating Revenue Growth (TTM)
-40.93%
as of June 30, 2026
Industry median 0.00% (476 companies)
Profit Growth (YoY)
-236.84%
as of Dec. 31, 2025
Industry median 12.66% (188 companies)
Revenue Growth (YoY)
-47.02%
as of June 30, 2026
Industry median 8.05% (138 companies)
Current Ratio
2.35
as of March 31, 2026
Industry median 5.29 (212 companies)
Debt to Equity
0.00
as of March 31, 2026
Industry median 0.00 (206 companies)
Interest Coverage
-27.91
as of June 30, 2026
Industry median 2.05 (385 companies)
Net Margin
-102.24%
as of Dec. 31, 2025
Industry median 21.71% (183 companies)
Operating Margin (EBIT)
-247.68%
as of June 30, 2026
Industry median 29.93% (192 companies)
Operating Margin (TTM)
-134.59%
as of June 30, 2026
Industry median 31.63% (395 companies)
Return on Assets
-18.21%
as of March 31, 2026
Industry median 0.85% (493 companies)
Return on Capital Employed
-20.37%
as of March 31, 2026
Industry median 1.93% (197 companies)
Return on Equity
-29.84%
as of March 31, 2026
Industry median 1.37% (491 companies)

Investment checklist

Tradinity's own yes/no questions with the rule stated beside each. “Items without enough data are left out, never counted as a No, and the totals count only answered questions. A summary of numbers on this page, not advice.

Financials

2 of 7 met
  • No Revenue is higher than a year earlier in each of the last 4 quarters
  • No Quality score is Strong (70 or more)
  • No Piotroski F-score is 7 or more (score 2)
  • Yes Debt to equity is below 0.5 (0.00)
  • No Return on equity is 15% or more (-29.8%)
  • Yes Net cash flow for the latest year is positive
  • No Cash from operations is higher than the year before

Ownership

2 of 3 met
  • Yes FII/FPI or DII holding rose in the latest quarter
  • No Promoter holding rose or was unchanged in the latest quarter
  • Yes Promoter pledge is 5% of their holding or less and not rising (0.0% pledged)

Peer comparison

0 of 3 met
  • No 1-year return beats the industry median
  • No Revenue growth beats the industry median
  • No Profit growth beats the industry median

Value and momentum

4 of 5 met
  • Yes Valuation score is Undervalued (70 or more)
  • Yes Momentum score is Bullish (70 or more)
  • Yes Price is above the 5, 10 and 20 day averages
  • Yes Price is above the 50, 100 and 200 day averages
  • No Latest candle has a bullish shape (hammer, dragonfly doji, white marubozu)

Price

Download CSV

PE/EPS use each quarter's real filed EPS only from 45 days after quarter-end (no look-ahead) against the raw close of the day. Price-to-book isn't a mode here: the feed has no dated share count, so there's no real history to chart.

RSI (14) (same adjusted close series as the price chart above)

MACD (12, 26, 9) (same adjusted close series as the price chart above)

Relative Returns (vs NIFTY 50)

Prices adjusted for splits and bonuses. * = a corporate action affecting this date could not be parsed and is not reflected.

Price range

Day return
0.4%
Low 158.2200 · High 164.2000
1W return
7.3%
Low 142.1600 · High 164.2000
1M return
6.7%
Low 135.3000 · High 164.2000
52W return
-26.2%
Low 120.0000 · High 225.0100
Lifetime High ₹329.6000 (July 10, 2024)
Lifetime Low ₹50.5500 (Sept. 9, 2020)

Full price history and technicals →

Technicals

Full technicals, indicators & Volume/Delivery →

EMA & SMA

Bullish6
Bearish0
5D
156.4
10D
153.3
20D
151.8
50D
154.3
100D
157.4
200D
160.6

Delivery and volume

Day avg. delivery
69.4%
Week avg. delivery
66.1%
Month avg. delivery
62.7%

Week = 5 sessions, Month = 22 sessions ending the latest trading day — the same combined NSE+BSE delivery data as the table below, just summed.

Resistance and support

161.08
Pivot
First resistance163.95
Second resistance167.06
Third resistance169.93
First support157.97
Second support155.10
Third support151.99
Day RSI62.5
Day MFI66.9
Day MACD0.57
Day MACD signal-1.52

Beta

1M0.34
3M0.50
1Y1.18
3Y0.76

Price change analysis

↑ 6.7%
Over 1 Month
LowHigh
135.30164.20
↑ 1.3%
Over 3 Months
LowHigh
135.30189.13
↑ 14.0%
Over 6 Months
LowHigh
135.30189.13
↓ -26.2%
Over 1 Year
LowHigh
120.00225.01
Legend Positive indicator Neutral indicator Negative indicator

Buy/Sell Zone

View Buy/Sell Zone →

Data unavailable (needs at least 2 historical quarters with both a filed EPS and a matching trading day).

Financials

View full financials, peers & valuation multiples →
Revenue (June 30, 2026)
₹2 Cr
Net profit (June 30, 2026)
₹-4 Cr
Basic EPS (June 30, 2026)
₹-0.7200

Ranks #102 of 510 in Finance by market cap -- full peer table on the Financials page.

Shareholding pattern / Ownership

Shareholding summary

Jul 2026
  • Promoter48.33%
  • FII/FPI6.81%
  • Other DII5.96%
  • Public38.90%

Largest holders

NameCategoryShares %Shares
MAX VENTURES INVESTMENT HOLDINGS PRIVATE LIMITEDPromoter39.9800%22470289
Siva Finvest Private Limited (FKA Siva Enterprises Private Limited)Promoter6.3700%3578211
SINGULARITY EQUITY FUND IPublic4.0800%2295283
HABROK INDIA MASTER LPPublic3.1700%1783489
CASSINI PARTNERS, L.P. MANAGED BY HABROK CAPITAL MANAGEMENT LLPPublic2.5900%1457705

As of July 23, 2026. Only holders the filing discloses individually.

Historical promoter holding

Promoters holdings decreased from 49.77% to 48.33% in Jul 2026 qtr

Historical fii holding

FII/FPI holdings decreased from 7.06% to 6.81% in Jul 2026 qtr

Historical mutual fund holding

Mutual funds holdings were unchanged at 0.00% in Jul 2026 qtr

All shareholding details →

Insider trading, SAST & pledges

All 39 insider trades, 18 SAST, 17 pledge events →

Latest insider trades

FiledPersonCategoryTypeQuantityValue
10 Jun 2024 Ajay Agrawal Other Sell 0 ₹0
10 Jun 2024 Sandeep Pathak Key managerial personnel Sell 0 ₹0
6 Jun 2024 Ajay Agrawal Other Sell 0 ₹0
3 Jun 2024 Ajay Agrawal Other Sell 0 ₹0
3 Jun 2024 Ajay Agrawal Other Sell 0 ₹0
31 May 2024 Ajay Agrawal Other Sell 0 ₹0
15 Mar 2024 Sandeep Pathak Key managerial personnel Sell 0 ₹0
15 Mar 2024 Ajay Agrawal Other Sell 0 ₹0
13 Mar 2024 Ajay Agrawal Other Sell 0 ₹0
7 Mar 2024 Sandeep Pathak Key managerial personnel Sell 0 ₹0

All insider and SAST disclosures →

Deals (Bulk & Block)

All 47 deals, with filters and CSV →
DateClientDealActionQuantityPriceExchange
1 Jan 2024 GRAVITON RESEARCH CAPITAL LLP Bulk Sell 311,391 183.7200 NSE
1 Jan 2024 GRAVITON RESEARCH CAPITAL LLP Bulk Buy 311,391 183.0100 NSE
6 Sep 2023 SIVA ENTERPRISES PRIVATE LIMITED Bulk Buy 323,000 154.3200 NSE
6 Sep 2023 SINGH ANALJIT Bulk Sell 323,000 154.3000 NSE
14 Aug 2023 AIONIOS ALPHA FUND I Bulk Buy 236,000 157.2900 NSE
15 Dec 2022 PORINJU VELIYATH Bulk Buy 230,000 100.3100 NSE
24 Oct 2022 RAJASTHAN GLOBAL SECURITIES PVT LTD Bulk Sell 475,841 95.2000 NSE
3 Oct 2022 RAJASTHAN GLOBAL SECURITIES PVT LTD Bulk Sell 1,476,991 82.0100 NSE
3 Oct 2022 CASSINI PARTNERS L.P. Bulk Buy 966,000 82.0000 NSE
3 Oct 2022 238 PLAN ASSOCIATES LLC Bulk Buy 234,000 82.0000 NSE

All bulk and block deals →

Corporate Actions

Full history (6 events) →

Bonuses, splits, buybacks and other events. Dividends are listed separately above.

Ex-dateTypeSubject
29 Apr 2025RIGHTSRights 19:100 @ Premium Rs 140/-
13 Sep 2024OTHERAnnual General Meeting
14 Aug 2023OTHERAnnual General Meeting
17 Aug 2022OTHERAnnual General Meeting
26 Jul 2022OTHERCapital Reduction Pursuant To Nclt Order

All corporate actions →

Board Meetings

View board meeting history →

Quarterly results, AGMs, buybacks and other board-approved business.

DatePurposeResults
11 Aug 2026 Financial Results Yes
28 May 2026 Financial Results Yes
10 Feb 2026 Financial Results Yes
13 Nov 2025 Financial Results Yes
5 Aug 2025 Financial Results/Fund Raising Yes

Corporate Announcements

All 528 announcements, with search →

Exchange disclosures (NSE and BSE), most recent first.

DateCategoryAnnouncement
28 Sep 2026 Insider Trading / SAST Max India Ltd - 543223 - Closure of Trading Window
28 Sep 2026 Trading Window Max India Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
5 Sep 2026 Company Update Max India Ltd - 543223 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
5 Sep 2026 Analysts/Institutional Investor Meet/Con. Call Updates Max India Limited has informed the Exchange about Schedule of meet
20 Aug 2026 Shareholders meeting Max India Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on August 19, 2026. Further, the company has informed the Exchange regarding voting results.
19 Aug 2026 Analysts/Institutional Investor Meet/Con. Call Updates Max India Limited has informed the Exchange about Transcript of Investor Call held on August 12, 2026.
19 Aug 2026 Shareholders meeting Max India Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 19, 2026
12 Aug 2026 Analysts/Institutional Investor Meet/Con. Call Updates Max India Limited has informed the Exchange about Link of Recording
12 Aug 2026 Copy of Newspaper Publication Max India Limited has informed the Exchange about Copy of Newspaper Publication
11 Aug 2026 Monitoring Agency Report Monitoring Agency Report Q1 FY 27

All announcements →

SWOT

Tradinity's own rule-based read of the real ratios elsewhere on this page -- not a copy of any third party's, and never a forward-looking prediction.

Strengths

  • Low financial leverage (Debt/Equity 0.00)
  • Healthy liquidity (Current Ratio 2.35)

Weaknesses

  • Low Return on Equity (-29.8%)
  • Thin net profit margin (-102.2%)
  • Declining revenue YoY (-47.0%)
  • Declining profit YoY (-236.8%)

Opportunities

Data unavailable.

Threats

  • Down 26.2% over the past year
  • Weak interest coverage (-27.9x) -- limited cushion against rising rates

Board of directors and corporate information →

F&O

View F&O, Options & Backtest →

Data unavailable (no single-stock futures or options activity on record for this company).

Frequently asked questions about Max India Limited

Where is the share price?

The price at the top of this page is the last traded price from exchange data; during market hours it refreshes on its own. The Chart & Technicals section has the full price history.

Where are the financial results?

The Financials page has quarterly and annual results, ratios, cash flow and the balance sheet, on a standalone or consolidated basis.

Who owns the company?

The Ownership section shows the latest shareholding pattern from exchange filings, with promoter, FII, DII and public holdings by quarter.

Does Tradinity give buy or sell advice?

No. The scores and checklist on this page are rule-based summaries of published figures, not recommendations. Tradinity is not a registered investment adviser.