Max India Ltd (MAXIND) — shareholding pattern, promoter holding, financials and share price
About Max India Ltd (MAXIND)
Max India Ltd operates in the Holding Company industry, within the Financial Services sector. It trades on the NSE as MAXIND and on the BSE under scrip code 543223. Its ISIN is INE0CG601016.
Max India is the holding company of Max Group’s Senior Care business Antara, an integrated service provider for all senior care needs. [1]
Max India Limited is the listed holding company for Antara Senior Living, operating an integrated senior care platform that includes Residences for Seniors (develop‑and‑manage senior communities), Assisted Care Services (Care Homes and Care at Home) and AGEasy consumer health and wellness products targeted at older adults.
Operational highlights include Estate 360 fully sold with collections of ~INR343 crore ITD and Estate 361 achieving ~100 bookings within its first month; these large project sales have generated measurable development fees and provide short‑to‑medium term revenue visibility for Max India Limited.
Listed peers in Holding Company: Abans Financial Services Ltd, Consolidated Finvest & Holdings Ltd, Nurture Well Industries Ltd, GFL Ltd, Nisus Finance Services Co Ltd, Tamboli Industries Ltd.
Valuation & Returns
10 Jul 2026At ₹164.95 a share on 10 Jul 2026, Max India Ltd (MAXIND) was valued at a price-to-earnings ratio of -7.12x against an industry P/E of 19.5x and a price-to-book of 2.42x on a book value of ₹68.21 per share as of Mar 2025. Solomo computes return on equity of -33.97% and return on capital employed of -21.21% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- -7.12x
- Industry P/E
- 19.5x
- P/B
- 2.42x
- EPS (TTM)
- ₹-23.17
- Book value / share
- ₹68.21
- ROE
- -33.97%
- ROCE
- -21.21%
- ROA
- -19.25%
- Debt / equity
- 0x
- Dividend yield
- 0%
- EBITDA margin
- -43.07%
- 52-week range
- ₹120 – ₹241.57
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Max India Ltd (MAXIND) reported revenue of ₹191 crore, net profit of ₹-122 crore and earnings per share of ₹-23.2. That compares with revenue of ₹163 crore and net profit of ₹-140 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹66 crore and net profit ₹-19 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 233 | 212 | 191 | 163 | 191 |
| Net profit (₹ cr) | -16 | -10 | -56 | -140 | -122 |
| EPS (₹) | -2.52 | -2.03 | -10.97 | -27.05 | -23.2 |
| Measure | 5Y | 3Y | 1Y |
|---|---|---|---|
| Sales growth | -23.62% | -16.28% | -7.92% |
| Profit growth | - | - | -149.01% |
| Stock price CAGR | 19% | 5% | -15% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 49.77% of Max India Ltd (MAXIND) (down 0.05 pp QoQ), foreign institutional investors (FII) hold 7.06% and domestic institutional investors (DII) hold 1.66%. Market capitalisation was ₹867 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Sep 2020.
Largest disclosed public shareholders in Jun 2026: HABROK INDIA MASTER LP 3.39%, CASSINI PARTNERS, L.P. MANAGED BY HABROK CAPITAL MANAGEMENT LLP 2.77%, MURUGU SELVAN K 1.46%, NIVEDITA RITESH OSWAL 1.13%, VALUE PROLIFIC CONSULTING SERVICES PVT LTD 1.03%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 49.77% | - | 7.06% | 1.66% | 50.23% |
| Mar 2026 | 49.82% | - | 7.07% | 1.63% | 50.18% |
| Dec 2025 | 49.89% | - | 7.08% | 1.58% | 50.11% |
| Sep 2025 | 50.05% | - | 7.08% | 1.43% | 49.95% |
| Jun 2025 | 50.16% | - | 7.13% | 0.98% | 49.84% |
| Mar 2025 | 50.45% | - | 6.63% | 0.81% | 49.55% |
| Dec 2024 | 50.94% | - | 6.77% | 0.95% | 49.06% |
| Sep 2024 | 50.94% | - | 7.41% | 0.82% | 49.06% |