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Max India Limited

Max India Limited

NSE: MAXIND
Medical Care FacilitiesHealthcareSMALL CAPMCap ₹891.0 Cr
₹158.20₹2.80 (+1.80%)

Market Closed • NSE

Market cap₹891.0 Cr
Enterprise value₹805.8 Cr
P/B2.04
EPS TTM₹-25.27
ROCE-23.00%
D/E0.24
Dividend yield0.00%
Face value₹10.00
52W high₹225.01
52W low₹120.00
Price chart(1Y)
1Y Return:+2.48% (+₹3.83)
H: ₹189.13L: ₹135.3
1W+1.63%
1M+12.85%
3M-3.45%
6M+2.46%
1Y-24.51%
Today at a glance

Day range

₹156.25₹161.00

52 week range

₹120.00₹225.01
Volume35.8K0.37x 20D avg
Free float50.00%-63.30% volume

Max India Limited closed at INR158.20 (+1.8%) on volume 0.37x its 20-day average, trading 29.69% below its 52-week high.

Technical analysis
RSI (14)52.4Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹8.22High
SMA 20₹156.30BULLISH
SMA 50₹153.94BULLISH
SMA 100₹159.07BEARISH
SMA 200₹158.90BEARISH
CPR bottom₹158.53
Pivot₹157.48
CPR top₹156.44
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved -89.5% QoQ

2025-04-29

RIGHTS Announced

Rights 19:100 @ Premium Rs 140/-

2024-09-13

AGM Announced

Annual General Meeting

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹96.2 Cr₹891.0 Cr10.80%≤ 33%PASS
Non-halal income ratio–₹190.6 Cr0.00%≤ 5%PASS
Illiquid assets ratio₹642.7 Cr₹669.3 Cr96.03%≥ 20%PASS
Receivables ratio–₹669.3 Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E—37.00
Forward P/E——
P/B2.045.00
EV/EBITDA—18.00
PEG—1.00
Earnings yield—2.70
Growth & profitability
RevenuePAT
FY24PAT margin -29.30%
FY25PAT margin -85.90%
FY26PAT margin -57.80%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+5.30%
Revenue CAGR 5Y+1.60%
PAT CAGR 3Y—
PAT CAGR 5Y—
Operating margin-19.70%
Net margin-55.42%
Financial health & cash flow
Net debt₹69.6 CrModerate
Interest coverage-9.50xEBIT / interest
CFO / PAT—x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹-9472.0 Lakh
Capital expenditure–
Free cash flow₹-14605.0 Lakh
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall60/100
Valuation50/100
Profitability50/100
Financial health80/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Low Debt Profile: Debt-to-Equity is comfortable at 0.24x

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Medical Care Facilities.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · June 2025

Ownership distribution

Jun 2025Latest holding

Category trends

Hover over a period for exact holdings

60%40%20%0%Dec 2024Jun 2025
12.77%Institutional holding
38.90%Public holding
2Periods available
0.00%Promoter pledged
36.65KShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
29 Apr 2025Rights issueRights 19:100 @ Premium Rs 140/-—29 Apr 2025
—Annual General MeetingAnnual General Meeting—13 Sept 2024
—Annual General MeetingAnnual General Meeting—14 Aug 2023
—Annual General MeetingAnnual General Meeting—17 Aug 2022
27 Jul 2022Capital Reduction Pursuant To Nclt OrderCapital Reduction Pursuant To Nclt Order—26 Jul 2022
—Annual General MeetingAnnual General Meeting—15 Sept 2021
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)53.64%-14.91% latest vs average
Highest delivery71.71%on 23 Sept
Average volume (20D)97.5KTrading-session average
Conviction trendWeakening-14.91% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Sun Pharmaceutical Industries Limited
Sun Pharmaceutical Industries LimitedSUNPHARMA
Open analysis
₹4.22L34.900.91%₹15,300.00₹2,901.00+10.46%+26.52%
Divi's Laboratories Limited
Divi's Laboratories LimitedDIVISLAB
Open analysis
₹2.43L82.970.33%₹3,080.00₹902.00+27.80%+65.50%
Torrent Pharmaceuticals Limited
Torrent Pharmaceuticals LimitedTORNTPHARM
Open analysis
₹1.73L72.830.83%₹4,128.00₹389.00+41.90%-21.89%
Apollo Hospitals Enterprise Limited
Apollo Hospitals Enterprise LimitedAPOLLOHOSP
Open analysis
₹1.13L54.320.25%₹7,044.00₹610.00+20.58%+38.32%
Zydus Lifesciences Limited
Zydus Lifesciences LimitedZYDUSLIFE
Open analysis
₹1.12L25.030.09%₹8,017.00₹990.00+21.95%-34.91%
LENSKART SOLUTIONS LTD
LENSKART SOLUTIONS LTDLENSKART
Open analysis
₹1.12L174.730.00%₹2,714.00₹228.00+43.29%+273.77%
Laurus Labs Limited
Laurus Labs LimitedLAURUSLABS
Open analysis
₹1.11L101.830.12%₹2,026.31₹367.60+29.10%+125.49%
Cipla Limited
Cipla LimitedCIPLA
Open analysis
₹1.07L31.780.98%₹7,119.00₹786.00+2.33%-39.16%
About Max India Limited
Max India Limited

Max India is the holding company of Max Group’s Senior Care business Antara, an integrated service provider for all senior care needs. [1]

IndiaHealthcare

Questions investors ask
Is Max India Limited Shariah compliant?

Max India Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (10.8%) complies with AAOIFI threshold (≤ 33%).

What is Max India Limited's current valuation relative to peers?

Max India Limited trades at a P/E of N/A compared to the sector median of 37x, and a Price-to-Book of 2.0x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.24x. Interest coverage is -9.5x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 1.6% while net profit growth averaged consistent levels.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.