Max India Ltd (IN:MAXIND)
:MAXIND
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Max India Ltd
(MAXIND)
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Rating:41Neutral
Price Target:
₹117.00
▼(-37.45% Downside)
Action:UpgradedDate:01/29/26
The score is primarily driven down by weak financial performance (declining revenue, persistent losses, and negative operating/free cash flow). Technicals also weigh on the rating due to a clear downtrend and bearish momentum, while valuation provides limited support because the negative P/E reflects ongoing losses and dividend yield data is unavailable.
Positive Factors
Holding-company investment model
A pure holding/investment model reduces operating complexity and fixed-cost exposure versus operating businesses. Over 2-6 months this structure supports steadier cash inflows from dividends, interest, and capital gains and allows portfolio rebalancing to preserve value.
Negative Factors
Rising leverage and reduced equity
Higher leverage combined with falling equity weakens the balance sheet cushion and raises long-term financing costs. Over months this increases insolvency risk if cash generation does not improve and limits strategic flexibility for portfolio investments or support to subsidiaries.
Read all positive and negative factors
Positive Factors
Negative Factors
Holding-company investment model
A pure holding/investment model reduces operating complexity and fixed-cost exposure versus operating businesses. Over 2-6 months this structure supports steadier cash inflows from dividends, interest, and capital gains and allows portfolio rebalancing to preserve value.
Read all positive factors
Max India Ltd (MAXIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹8.25B
Dividend YieldN/A
Average Volume (3M)27.13K
Price to Earnings (P/E)―
Beta (1Y)1.18
Revenue Growth11.70%
EPS Growth-19.15%
CountryIN
Employees20
SectorHealthcare
Sector Strength45
IndustryMedical - Care Facilities
Share Statistics
EPS (TTM)-32.97
Shares Outstanding52,522,860
10 Day Avg. Volume4,474
30 Day Avg. Volume27,134
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)2.11
Price to Sales (P/S)5.21
P/FCF Ratio-5.14
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Max India Ltd Business Overview & Revenue Model
Company Description
Max India Limited provides services related to senior living communities. It owns, develops, constructs, operates, and establishes residential communities for seniors. The company also offers daily living and memory care, home care, management and...
How the Company Makes Money
Max India Ltd primarily makes money through income generated from its investments and holdings rather than through direct operating sales. Key potential sources of earnings for a holding company include dividends received from investee companies, ...
Max India Ltd Financial Statement Overview
Summary
Income Statement
35
Negative
Balance Sheet
45
Neutral
Cash Flow
30
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.58B | 1.45B | 1.58B | 2.13B | 1.69B | 1.21B |
| Gross Profit | 797.10M | -26.20M | 942.71M | 1.17B | 1.06B | 35.37M |
| EBITDA | -1.15B | -1.12B | -376.40M | 92.77M | 823.00K | -177.47M |
| Net Income | -1.50B | -1.40B | -563.76M | -104.00M | -161.36M | -531.16M |
Balance Sheet | ||||||
| Total Assets | 8.38B | 6.33B | 6.84B | 7.53B | 8.54B | 9.98B |
| Cash, Cash Equivalents and Short-Term Investments | 3.57B | 1.43B | 2.96B | 3.86B | 3.99B | 4.47B |
| Total Debt | 2.04B | 1.02B | 435.65M | 453.00M | 607.63M | 1.45B |
| Total Liabilities | 3.71B | 2.74B | 1.92B | 2.11B | 2.17B | 3.44B |
| Stockholders Equity | 4.67B | 3.59B | 4.92B | 5.42B | 6.37B | 6.53B |
Cash Flow | ||||||
| Free Cash Flow | -655.90M | -1.47B | -1.31B | 657.50M | 597.96M | 609.16M |
| Operating Cash Flow | -457.80M | -1.12B | -1.02B | 694.10M | 664.96M | 726.67M |
| Investing Cash Flow | -249.60M | 306.30M | 1.59B | 1.24B | 322.51M | 125.23M |
| Financing Cash Flow | 2.61B | -124.13M | -289.96M | -1.19B | -939.41M | -733.10M |
Max India Ltd Technical Analysis
Positive
187.05
Price Trends
152.47
Positive
167.76
Negative
188.29
Negative
Market Momentum
0.82
Negative
55.29
Neutral
75.22
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MAXIND, the sentiment is Positive. The current price of 187.05 is above the 20-day moving average (MA) of 144.53, above the 50-day MA of 152.47, and below the 200-day MA of 188.29, indicating a neutral trend. The MACD of 0.82 indicates Negative momentum. The RSI at 55.29 is Neutral, neither overbought nor oversold. The STOCH value of 75.22 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MAXIND.
Max India Ltd Peers Comparison
UnderperformOutperform
Sector (51)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹366.23B | 75.82 | ― | 0.24% | 25.81% | -0.76% | |
66 Neutral | ₹1.11T | 50.39 | ― | 0.27% | 14.52% | 37.54% | |
66 Neutral | ₹984.34B | 84.46 | ― | 0.14% | 24.44% | 40.69% | |
63 Neutral | ₹385.84B | 61.58 | ― | 0.84% | 12.20% | -93.03% | |
61 Neutral | ₹719.29B | 86.12 | ― | 0.11% | 15.99% | 24.81% | |
51 Neutral | $7.86B | -0.30 | -43.30% | 2.27% | 22.53% | -2.21% | |
41 Neutral | ₹8.25B | -5.64 | ― | ― | 11.70% | -19.15% |
* Healthcare Sector Average
IN:MAXIND
Max India Ltd
157.10
-18.45
-10.51%
IN:APOLLOHOSP
Apollo Hospitals Enterprise Limited
7,738.05
751.98
10.76%
IN:ASTERDM
Aster DM Healthcare Ltd.
744.70
226.16
43.61%
IN:FORTIS
Fortis Healthcare Ltd.
952.75
266.71
38.88%
IN:MAXHEALTH
Max Healthcare Institute Ltd
1,011.45
-141.97
-12.31%
IN:NH
Narayana Hrudayalaya Ltd.
1,792.10
0.87
0.05%
Max India Ltd Corporate Events
Max India announces completion of postal ballot notice dispatch and e-voting intimation
Feb 21, 2026
Max India Limited has notified the stock exchanges that it has completed dispatch of the notice of postal ballot dated February 20, 2026 to its shareholders. The company has also published newspaper advertisements in Mint (all English editions) an...
Max India Seeks Shareholder Nod via Digital-Only Postal Ballot
Feb 20, 2026
Max India Limited has initiated a shareholder approval process via a postal ballot conducted exclusively through remote e-voting, in line with provisions of the Companies Act, SEBI listing regulations and a series of Ministry of Corporate Affairs ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.