Max India Ltd

MAXIND
NSE· Financial Services
₹168.63
+7.03 (+4.35%)
Updated 11:40 am IST
52W Low · ₹126.5052W High · ₹241.57
Mid Range
Market Cap
₹843.20L Cr
Volume
1.50L
Prev Close
₹161.60
ISIN
INE0CG601016

Orion Score

Fundamentals-based quality & risk · not a recommendation

26/100
Avoid

Max India Ltd scores 26/100 (Avoid) on the Orion Score — poor business quality (8), weak growth (49) and weak balance-sheet safety (45). A fundamentals-based quality & risk score, not a buy/sell recommendation.

Quality
8
Growth
49
Safety
45
Value
—

Full Orion analysis

Risk checks

  • Aggressive accruals not backed by cash (Beneish M 1.3, weak CFO/PAT)
  • Very weak fundamentals (Piotroski F 1/9)

Forensic accounting

Piotroski F 1/9Altman Z Grey(2.60)Beneish M Elevated(1.33)

Piotroski F = fundamental health (0–9, higher is better) · Altman Z = bankruptcy / distress risk · Beneish M = earnings-manipulation check

Technical / Momentum

Price Trend

50/100

Neutral

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VestAI Stock Score

VALUATION
Low Debt
D/E 0.24x — lean balance sheet
QUALITY
Low Quality
ROCE -28.7% — poor capital efficiency
MOMENTUM
Bullish
RSI 57.4 — strong momentum

Price Chart

SMA 20
SMA 50
SMA 200

Key Fundamentals

Q3 FY2026

P/E Ratio
—
ROCE
-28.68%
ROE (1Y)
-31.77%
D/E Ratio
0.24x
OPM
-84.20%
TTM EPS
₹-23.86
Dividend Yield
0.00%
Qtrly Sales
₹43.10 Cr
Qtrly Profit
₹-42.85 Cr

Technical Signals

Quarterly Results

Revenue & Profit in ₹ Crores

Revenue Net Profit
QuarterRevenueNet ProfitOPMEPS
Q3 2026₹43.1₹-42.85-84.2%₹-8.17
Q2 2026₹45.16₹-34.07-80.2%₹-6.52
Q1 2026₹36.67₹-25.64-91.7%₹-5.44
Q4 2025₹41.52₹-46.09-100.7%—
Q3 2025₹34.74₹-44.6-91.0%₹-10.03

Annual P&L

Revenue & Profit in ₹ Crores (Yearly)

Revenue Net Profit
YearRevenueNet ProfitEBITDAOPM
FY 2025₹145.49₹-140.39₹-111.87-92.2%
FY 2024₹175.63₹-56.38₹-34.32-35.0%
FY 2023₹201.03₹-10.38₹11.650.2%
FY 2022₹188.13₹-16.14₹-1.69-25.4%

Peer Comparison — Financial Services

Top companies in the same sector by market cap

CompanyMkt CapP/EROCEROED/EOPM
MAXIND ★₹843 Cr—-28.68%-31.77%0.24x-84.20%
ICICIBANK₹9,05,033 Cr16.8916.36%16.36%——
SBIN₹9,02,477 Cr10.7315.48%15.48%——
BAJAJHFL₹73,351 Cr28.593.22%12.06%4.61x31.70%
ANGELONE₹31,612 Cr34.6114.23%15.53%1.29x38.76%
CDSL₹29,927 Cr61.7225.37%23.91%0.00x37.64%

Balance Sheet

All values in ₹ Crores

MetricFY 2025FY 2024FY 2023FY 2022
Total Assets₹632.85₹684.34₹753.4₹858.32
Equity₹358.69₹492.34₹542.11₹641.37
Total Debt₹102.3₹43.57₹45.3₹60.76
Cash₹22.7₹116.03₹88.73₹13.78
Net Debt———₹26.58
Working Capital₹95.27₹204.41₹297.69₹395.98

Shareholding Pattern

Q1 FY2027

Promoter
59.61%
FII
0.04%
DII
0.03%
Public
40.32%

Quarter-over-Quarter Trend

QuarterPromoterFIIDIIPublic
Q1 FY202759.61% ↑0.04% ↓0.03% ↓40.32% ↓
Q3 FY202649.89% ↓7.09%1.58% ↑41.44% ↓
Q2 FY202650.06% ↓7.08% ↓1.43% ↑41.45% ↓
Q1 FY202650.16% ↓7.13% ↑0.98% ↑41.72% ↓
Q4 FY202550.45% ↓6.63% ↓0.8% ↓42.11% ↑
Q3 FY202550.94%6.77% ↓0.94% ↑41.35% ↑
Q2 FY202550.94%7.41% ↓0.81%40.83% ↑
Q1 FY202550.94%9.01%0.81%39.23%

Corporate Actions

No recent corporate actions

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About Max India Ltd (MAXIND) Stock

Max India Ltd is listed on the NSE under the Financial Services sector, Holding Company industry. ISIN: INE0CG601016. Track live share price, technical analysis, RSI, MACD, PE ratio, and smart money holdings on VestAI — India's AI-powered stock analysis platform.