Max India Limited share price

Max India Limited provides services related to senior living communities in India. It operates through four segments: Business Investments, Senior Living, Assisted Care, and Others. The company engages in treasury investments and property rental businesses. It also constructs, operates, and/or maintains senior living communities. In addition, the company caters to the seniors by providing care at home services and care homes facilities, as well as offers Antara AGEasy, a new-age holistic direct to consumer platform that helps seniors manage common chronic conditions. Further, it offers daily living/specialized care/memory care services for seniors; and management and consultancy and shared …Read more

Website NSE हिंदी में BSE

HealthcareMedical Care FacilitiesNSE: MAXINDISIN INE0CG601016

16 Oct 2026, 3:29 PM IST₹158.20▲ 2.80 (1.80%)

Market Cap₹ 891 Cr.
Current Price₹ 158.20
High / Low₹ 225 / 120
Stock P/E—
Book Value₹ 78
Dividend Yield0.00 %
ROCE-21.1 %
ROE-31.80 %
Face Value₹ 10.0

More figures (10)

EPS (TTM)₹ -25.27
Price / Book2.04
OPM-68.7 %
Debt / Equity0.24
Sales growth (5Y)17.0 %
Profit growth (5Y)—
Promoter holding58.4 %
EV / EBITDA-11.4
Beta0.40
All-time high₹ 338

Price chart

Price on NSE 50 DMA 200 DMA Volume

Returns	1M	3M	6M	YTD	1Y	3Y CAGR	5Y CAGR
MAXIND	+13.29%	-5.06%	+3.60%	-14.20%	-26.01%	+1.41%	+15.34%
Nifty 50	-0.31%	-3.85%	-4.34%	-11.42%	-9.53%	+5.46%	+4.76%

Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.

Quick take

Max India Limited is in the Medical Care Facilities industry (Healthcare), with a market value of ₹891 crore.
Revenue grew 17.0% a year over the last 5 years.
Return on equity was -31.8% and return on capital employed -21.1% in the latest year.
Debt was 0.24 times shareholders' equity.
The share price is 29.7% below its 52-week high and down 26.0% over one year.
Promoters and insiders hold about 58.4%; institutions about 4.1%.

Pros

Sales have grown 17.0% a year over the last 5 years.
Borrowings are moderate at 0.24 times shareholders' equity.

Cons

Return on equity has been low: -25.2% on average over the last 3 years.
Interest cover is thin: operating earnings are -8.6 times the interest cost.
Promoter holding has fallen by 2.72 points over 3 years, to 48.22%.
The company has not paid a dividend recently.

Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.

AI analysis

Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.

About Max India Limited

Employees: 19
Head office: Gurugram

HealthcareMedical Care Facilities

S.No.	Company	CMP ₹	P/E	Mar Cap ₹ Cr	Div Yld %	NP Qtr ₹ Cr	Qtr Profit Var %	Sales Qtr ₹ Cr	Qtr Sales Var %	ROCE %	ROE %	P/B	OPM %	Debt / Eq	Prom. Hold. %	Sales ₹ Cr	Sales Var 3Yrs %
1.	Max India	158.20	—	891	0.00	-36	—	60	62.91	-21.1	-31.8	2.04	-68.7	0.24	58.43	191	17.0
2.	Apollo Hospitals Enterprise	7,890.00	54.3	1,13,446	0.25	581	49.05	7,044	25.95	19.2	21.9	11.97	11.7	0.90	28.39	24,911	14.8
3.	Max Healthcare Institute	846.00	56.7	82,342	0.23	323	4.87	2,366	16.70	12.6	14.3	7.66	22.8	0.32	28.20	8,225	22.4
4.	Aster DM Quality Care	674.35	109.3	58,781	0.44	29	-68.70	1,311	21.60	9.4	9.7	7.59	14.2	0.49	64.26	4,643	15.7
5.	Fortis Healthcare	736.50	53.1	55,603	0.13	266	2.35	2,545	17.46	11.9	11.1	5.62	17.8	0.35	35.19	9,048	13.3
6.	Narayana Hrudayalaya	1,719.40	42.5	34,921	0.26	207	5.37	2,684	78.05	11.4	19.7	7.70	15.5	1.29	67.23	7,896	20.5
7.	Global Health	1,240.00	60.0	33,322	0.04	159	-0.18	1,304	26.50	15.0	15.1	8.41	16.8	0.30	66.39	4,318	17.2
8.	Krishna Institute of Medical Sciences	685.60	134.4	28,796	0.00	42	-47.20	1,180	35.33	8.1	11.0	12.21	13.8	1.89	41.74	3,872	21.3
9.	Rainbow Children's Medicare	1,248.90	44.4	12,634	0.28	63	16.23	470	33.17	16.8	17.9	7.69	23.7	0.54	52.29	1,703	13.1
10.	Park Medi World	235.70	35.9	10,181	0.00	83	42.30	476	19.27	17.9	16.8	4.64	23.3	0.18	83.94	1,651	9.6
	Median: 15 Co.	791.25	53.7	12,634	0.13	121	4.87	1,307	26.23	12.3	15.1	7.66	15.5	0.42	55.36	4,481	17.0

Companies in the same industry; the median covers every company in it that we hold figures for. Tap a heading to sort. Sorting and comparing are ways to explore data, not recommendations.

Quarterly Results

Consolidated figures in ₹ crore /

₹ Cr	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
	41	49	41	45	26	43	35	42	37	45	43	66	60
YOY Sales Growth %		-15.14%	-5.50%	-20.07%	-34.94%	-13.12%	-14.62%	-7.82%	38.59%	5.59%	24.06%	58.07%	62.91%
	53	54	58	65	54	64	64	81	65	75	78	79	94
Material Cost %	33%	40%	29%	30%	14%	12%	28%	33%	24%	32%	30%	25%	22%
Employee Cost %	45%	36%	48%	49%	89%	53%	69%	64%	68%	56%	59%	29%	43%
Other Expenses %	52%	33%	66%	66%	103%	84%	88%	99%	84%	79%	92%	65%	92%
Operating Profit	-12	-5	-17	-20	-28	-21	-30	-40	-28	-30	-35	-13	-34
OPM %	-31%	-9%	-43%	-45%	-106%	-49%	-85%	-96%	-76%	-67%	-80%	-20%	-57%
	5	6	4	5	6	5	4	4	5	5	7	6	9
Exceptional items				0			-13		8	-0	-3	-0	-0
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	-11	-2	-17	-20	-28	-23	-45	-44	-25	-35	-40	-17	-35
	-12	-5	-18	-22	-27	-23	-45	-46	-26	-34	-43	-19	-36
Profit from associates	1	0	1	-1	1	1	1	-1	-0	-1	-1	-2	-1
Profit to shareholders	-12	-5	-18	-22	-27	-23	-45	-46	-26	-34	-43	-19	-36
EPS in Rs	-2.84	-1.09	-4.15	-5.00	-6.25	-5.27	-10.33	-10.67	-5.44	-6.52	-8.17	-3.67	-6.91
Raw filing

₹ Cr	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
	8	8	8	8	6	5	5	3	3	3	3	2	2
YOY Sales Growth %	2.23%	-6.34%	-3.56%	-8.20%	-29.33%	-29.56%	-39.45%	-57.25%	-51.11%	-41.96%	-31.81%	-46.67%	-47.02%
	7	6	7	8	6	5	5	6	4	6	5	5	5
Employee Cost %	39%	33%	35%	53%	54%	57%	62%	95%	96%	79%	81%	98%	195%
Other Expenses %	42%	43%	53%	50%	41%	39%	46%	86%	51%	99%	71%	212%	136%
Operating Profit	2	2	1	-0	0	0	-0	-3	-1	-2	-2	-4	-3
OPM %	19%	24%	11%	-3%	5%	4%	-9%	-82%	-47%	-79%	-52%	-210%	-231%
	1	0	0	0	1	0	0	0	1	0	0	0	0
Exceptional items			7	-7	0				8	-0	-1	-0	-0
Interest	0	0	0	0	0	0	0	0	1	0	0	0	0
Depreciation	1	1	1	1	1	1	1	0	0	0	0	0	0
Profit before tax	2	1	7	-9	1	-1	-1	-3	6	-3	-3	-4	-4
	21%	36%	-1%		-31%				5%
Current tax	0	0	-0	-0	-0					0	1	-0
Deferred tax	0	0	0	0	-0	0	-0	0	0	-3	-0	-0	-0
	1	1	7	-8	1	-1	-1	-3	6	-0	-3	-4	-4
YOY Profit Growth %	-14.38%	-46.31%	-11.00%	-1,047.13%	-29.01%	-192.50%	-112.91%		513.98%				-166.20%
EPS in Rs	0.31	0.18	1.70	-1.90	0.22	-0.18	-0.22	-0.78	1.21	-0.08	-0.61	-0.70	-0.72
Raw filing

Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Latest quarter on the right.

Profit & Loss

Consolidated figures in ₹ crore /

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	87	230	201	176	145	191	214
YOY Sales Growth %		164.26%	-12.55%	-12.63%	-17.16%	30.98%
	108	231	201	230	264	296	325
Material Cost %	11%	54%	42%	33%	22%	28%	27%
Employee Cost %	76%	25%	27%	45%	66%	50%	45%
Other Expenses %	38%	22%	31%	53%	93%	78%	81%
Operating Profit	-21	-1	1	-55	-119	-106	-112
OPM %	-25%	-1%	0%	-31%	-81%	-56%	-52%
	7	8	12	19	19	23	27
Exceptional items	-7	-5		0	-13	5	-3
Interest	8	10	6	5	8	14	13
Depreciation	20	9	8	10	19	25	27
Profit before tax	-50	-18	-2	-50	-139	-117	-128
	-44	-18	-10	-56	-140	-122	-132
Profit from associates	-1	-2	-1	1	1	-4	-4
Profit to shareholders	-44	-18	-10	-56	-139	-122	-132
EPS in Rs	-8.11	-3.35	-2.18	-13.08	-32.50	-23.85	-25.27

Compounded Sales Growth

5 Years:: 17%
3 Years:: -2%
TTM:: 37%

Stock Price CAGR

5 Years:: 15%
3 Years:: 1%
1 Year:: -26%

Return on Equity

4 Years:: -19%
Last Year:: -32%

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	34	33	33	31	19	11	10
YOY Sales Growth %		-3.12%	-0.21%	-4.03%	-38.74%	-43.13%
	26	24	24	27	22	20	21
Employee Cost %	28%	30%	31%	40%	64%	87%	102%
Other Expenses %	49%	43%	42%	47%	50%	97%	117%
Operating Profit	8	9	9	4	-3	-9	-11
OPM %	23%	27%	27%	13%	-14%	-84%	-118%
	6	1	1	1	2	1	0
Exceptional items	-13		5	-0	0	7	-1
Interest	0	0	0	1	1	1	0
Depreciation	3	2	2	3	3	1	1
Profit before tax	-3	8	11	2	-4	-3	-13
		17%	-8%	25%
Current tax	-14	2	2	0	-0	1
Deferred tax	3	-1	-2	0	-0	-3
	9	6	12	1	-4	-2	-11
YOY Profit Growth %		-27.17%	93.02%	-89.88%	-437.40%
EPS in Rs	1.61	1.17	2.56	0.29	-0.96	-0.31	-2.11

Compounded Sales Growth

5 Years:: -20%
3 Years:: -31%
TTM:: -41%

Compounded Profit Growth

TTM:: -1,859%

Stock Price CAGR

5 Years:: 15%
3 Years:: 1%
1 Year:: -26%

Return on Equity

4 Years:: -19%
Last Year:: -32%

Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.

Balance Sheet

Consolidated figures in ₹ crore, as at 31 March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	43	43	44	53
Reserves	499	449	315	356
	45	44	102	96
Long term borrowings	22	1	1	1
Short term borrowings	0	0	0	1
	166	148	172	165
Trade payables	11	24	31	34
Current liabilities	161	139	165	162
Total Liabilities	753	684	633	669
	91	124	174	183
Gross block	165	198	258	183
Accumulated depreciation	74	74	83
Goodwill & intangibles	0	13	17	14
CWIP	0	12	21	2
	662	549	437	484
Inventories	51	6	17	16
Trade receivables	3	5	22	37
Cash & equivalents	89	116	23	27
Current assets	459	343	261	381
Total Assets	753	684	633	669

Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.

Cash Flows

Consolidated figures in ₹ crore, financial years ending March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	69	-102	-128	-95
Profit for the year	-10	-56	-140	-122
Working capital changes	86	-28	2	16
Direct taxes paid	-1	-10	5	-4
	124	159	47	-50
Fixed assets purchased	-4	-29	-36	-51
Fixed assets sold	1	0	0	19
Investments purchased	-122	-87	-49	-44
Investments sold	210	215	112	87
	-119	-29	-13	148
Proceeds from borrowings		0
Repayment of borrowings	-18	-22
Interest paid	-4	-1	-0	-2
Net Cash Flow	75	27	-93	4
Free Cash Flow	66	-131	-163	-146

Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.

Ratios

Ratio	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROE	—	-1.9%	-10.9%	-33.0%	-31.8%
ROCE	—	0.5%	-8.2%	-27.9%	-21.1%
Operating margin	—	0.2%	-35.0%	-94.2%	-68.7%
Net margin	—	-5.2%	-32.1%	-96.5%	-63.9%
Debt / equity	—	0.08	0.09	0.29	0.24
Current ratio	—	2.84	2.47	1.58	2.35
Debtor days	—	5	10	56	71
Inventory days	—	204	35	186	107
Days payable	—	44	135	346	237
Cash conversion cycle	—	165	-90	-104	-59
Working capital days	—	540	425	239	419

Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities). Debtor days = receivables ÷ sales × 365; inventory and payable days use cost of goods sold; cash conversion cycle = debtor + inventory − payable days; working capital days = (current assets − current liabilities) ÷ sales × 365.

Shareholding Pattern

Numbers in percentages · as filed with NSE each quarter

Promoters 48.22%
FIIs 6.89%
DIIs 4.94%
Public 39.95%

%	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	50.94%	50.94%	50.94%	50.94%	50.94%	50.45%	50.16%	50.05%	49.89%	49.82%	49.77%	48.22%
	10.32%	9.54%	9.01%	7.41%	6.77%	6.63%	7.13%	7.08%	7.08%	7.07%	7.06%	6.89%
Foreign portfolio investors (Cat. I)	10.32%	9.54%	9.01%	7.41%	6.76%	6.61%	7.10%	7.08%	7.06%	7.07%	7.06%	6.83%
Foreign portfolio investors (Cat. II)					0.01%	0.02%	0.03%		0.03%			0.05%
	0.70%	0.82%	0.82%	0.82%	0.95%	0.81%	0.98%	1.43%	1.58%	1.63%	1.66%	4.94%
Alternative investment funds	0.69%	0.81%	0.81%	0.81%	0.94%	0.80%	0.98%	1.43%	1.58%	1.62%	1.65%	4.93%
	38.04%	38.71%	39.23%	40.84%	41.34%	42.11%	41.73%	41.43%	41.44%	41.48%	41.51%	39.95%
Retail (up to ₹2 lakh)	19.20%	19.51%	19.10%	20.07%	20.13%	19.74%	18.21%	17.99%	17.77%	17.44%	17.20%	16.45%
HNIs (above ₹2 lakh)	13.33%	13.50%	13.88%	14.35%	14.69%	15.18%	16.32%	16.54%	16.63%	17.04%	17.51%	16.21%
NRIs	2.33%	2.61%	2.72%	2.84%	2.83%	2.86%	2.64%	2.59%	2.60%	2.59%	2.56%	2.27%
Bodies corporate	2.76%	2.09%	2.55%	2.60%	2.75%	2.67%	2.72%	3.10%	3.13%	3.10%	2.92%	2.72%
No. of Shareholders	35,888	40,367	38,876	39,886	40,417	39,918	40,090	39,796	38,508	37,492	36,826	36,788

Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.

Mutual funds & institutions holding Max India

Holder (above 1%)	Stake
Singularity Equity Fund IAIF	4.08%

As named in the shareholding pattern for Sep 2026 filed with NSE. Shareholders below 1% are not named in the filing.

Documents

Announcements

All announcements on NSE →

Annual reports

Credit ratings

None filed recently.

Concalls & investor meets

Filings made by the company with NSE; documents open on NSE's website.

Key dates

Ex-dividend date: 1 Jan 1970
Latest quarter: 30 Jun 2026
Financial year end: 31 Mar 2026

Trade with our broking desk

Open a trading & demat account through Parshvanath Investments, Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539; NSE AP0153037862, BSE AP01095201177059). Execution and service only: no tips or research.

Open an account How it works

Latest news

In the news

Max India (NSEI:MAXIND) - Stock AnalysisSimply Wall Street · 5 d ago

From the company (NSE)

Headlines from news publishers (via Google News) and the filings of the company with NSE; they open on the source website. Headlines with price targets or buy/sell calls are left out. News is for information only and is not a recommendation.

Questions about Max India Limited

What is the share price of Max India Limited today?

Max India Limited (MAXIND) last traded at ₹158.20 on NSE (16 Oct 2026, 3:29 PM IST). Prices may be delayed.

What is the market cap of Max India Limited?

About ₹891 crore at the latest price.

What is the P/E ratio of Max India Limited?

The P/E is not available (for example when earnings are negative).

Is Max India Limited a good investment?

We do not give views on individual shares. Whether any share suits you depends on your goals, time horizon and risk appetite; for long-term goals, a diversified mutual fund is often a simpler way to own shares. Investments in securities markets are subject to market risks.

How can I buy Max India Limited shares?

You need a trading and demat account with a SEBI-registered stock broker. We can help you open one through Parshvanath Investments, an Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539). We provide execution and account service only, not tips or research.

Important. Prices from NSE via Yahoo Finance. Quarterly and annual results, shareholding and documents are taken from the filings the company made with NSE; balance sheet, cash flow and valuation figures are compiled by Yahoo Finance; ratios are computed by us from them. Figures may be delayed or revised. This page is for information only: it is not research, a recommendation or an offer to buy or sell any security. Investments in securities markets are subject to market risks; read all related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934); share broking is offered through Parshvanath Investments, Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539).

Talk to us

Have a question about this topic?

Tell us a little about your situation and an expert will call you back, usually within 2 hours on business days.

Get in touch

We typically respond within 2 hours on business days.

Call us

CA Amit Kumar Jain+91 93522 44475 Arihant Jain+91 80056 49698 Poornima Jain+91 92525 44475

Email ussupport@plenitude.co.in

WhatsAppChat with an expert

Visit us5C, Laxmi Colony, Near Bohra Ji Ka Bagh, Opp. Laxmi Mandir Cinema, Tonk Road, Jaipur, Rajasthan 302015

Mon–Sat · 10:00 AM – 7:00 PM IST

In your free consultation

A health check of your current investments
A goal-based plan for retirement, education or a home
Ways to save tax that fit your situation
Clear next steps, with zero pressure to invest

2,000+Investors

₹250 Cr+Client assets

15+ yrsExperience

AMFI Registered Mutual Fund Distributor · ARN-130934

Experts are available Mon–Sat, 10 AM – 7 PM

Book your free wealth consultation

100% free
No obligation
Reply within 2 hours

First name *

Last name *

Email *

Phone *

+91

I'm interested in *

Best day for a call

Preferred time

How can we help? (optional)

Upload your portfolio (optional, get a free expert review)Attach your portfolio statement · PDF, Excel or CSV (e.g. CAS), max 10 MB

I consent to being contacted by Plenitude Connect about financial services. My data will be handled as per the Privacy Policy.

Join 2,000+ investors who plan with Plenitude

Your details are private and never shared.

Max India Limited share price

Price chart

Quick take

Pros

Cons

AI analysis

About Max India Limited

Peer comparison

Quarterly Results

Profit & Loss

Projection — your assumptions

Related party transactions

Compounded Sales Growth

Stock Price CAGR

Return on Equity

Compounded Sales Growth

Compounded Profit Growth

Stock Price CAGR

Return on Equity

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Mutual funds & institutions holding Max India

Documents

Announcements

Annual reports

Credit ratings

Concalls & investor meets

Key dates

Trade with our broking desk

Latest news

In the news

From the company (NSE)

Questions about Max India Limited

Have a question about this topic?

Book your free wealth consultation

Request received!

What happens next