Maxgrow India Ltd (MAXGROW)

Loading page…

Maxgrow India Ltd (MAXGROW) · mywealthgrid

About

Maxgrow India Ltd operates in gems, jewellery, and watches within consumer durables, part of the Consumer Discretionary sector. Market cap is ₹406.94 Cr. Recent quarters show consistent losses with revenue data not disclosed.

Face value: ₹5

Market cap

₹667 Cr

P/E

—

P/B

0.4×

Dividend yield

ROE

-0.1%

ROCE

-0.1%

Debt / equity

OPM

—

EPS (TTM)

₹-6.4

Book value

₹447.6

52-week high

—

52-week low

—

Key insights

Company research notes and source-linked reviews

Key risks

Consecutive losses across 8 quarters (₹20.77 Cr in Dec 2024, ₹4.53 Cr in Mar 2025) with negative ROE (-2.8%)—verify operational viability and path to profitability
Revenue not disclosed for any recent quarter—verify sales trajectory, cost structure, and whether normal operations are occurring
Public shareholders illiquid: 7.18% float with zero FII/DII participation
Stock's 52-week range (₹7.87–₹101.99) indicates extreme volatility—verify sustainability of current valuation

Generated analysis · source review pending

Growth drivers

Zero debt (D/E = 0) removes financial constraint on capex if operations stabilise—verify latest quarterly results for path to profitability
Gems and jewellery sector in India grows with household discretionary spending—verify sector trends and whether company has competitive position to capture share (revenue not disclosed)
Stock price recovered from ₹7.87 to ₹101.99 in 52 weeks—verify whether this reflects operational turnaround or sentiment shift (requires latest quarterly analysis)

Generated analysis · source review pending

138 historical price candles were omitted because the exchange source has not been verified.

₹167.2+4%1Y

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0)
+High promoter holding of 92.8% with no pledge

Cons

−Low return on equity of -1.1% (3-yr avg)
−Weak interest coverage of -12.1×

Research score

Structured signal from quality, growth, valuation and momentum.

62/100

Business quality: 25
Valuation: 100

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Loading peers…

Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	9	—	—	—	—	0	0	0	0	0	0
	9	—	—	—	—	0	0	0	0	4	1
	-0	—	—	—	—	-0	-0	-0	-0	-4	-1
OPM %	-3.2%	—	—	—	—	—	—	—	—	—	—
Depreciation	0	0	—	0	0	0	0	0	0	0	0
Interest	—	—	—	—	—	0	0	0	0	0	0
	—	—	—	—	—	0	0	0	0	-21	0
Profit before tax	-0	-1	-0	0	-0	-0	-0	-0	-0	-25	-1
Tax	—	—	—	—	—	0	0	0	0	0	0
	-0	-1	-0	0	-0	-0	-0	-0	-0	-25	-1
PAT margin %	-3.3%	—	—	—	—	—	—	—	—	—	—
EPS (₹)	—	-1.2	—	-0.1	—	-0	-0.1	-0	-0	-6.4	-0.3
EPS adjusted (₹)	—	—	—	—	—	-0	-0.1	-0	-0	-6.4	-0.3
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	18	18	18	18	20	20
Reserves	5	5	5	5	1,767	1,768
Minority interest	—	—	0	—	0	0
	0	0	0	0	1	2
	4	4	5	4	6	0
Total equity & liabilities	28	28	28	28	1,794	1,790
	0	0	0	0	0	0
CWIP	0	0	0	0	0	0
Investments	8	8	8	8	1,794	1,790
	19	19	19	19	0	0
Total assets	28	28	28	28	1,794	1,790

Loading financials…

Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	—	—
EBITDA margin %	—	—	—	—	—	—	—	—
EBIT margin %	—	—	—	—	—	—	—	—
PAT margin %	—	—	—	—	—	—	—	—
Working capital
Receivable days	—	—	—	—	—	—	—	—
Inventory days	—	—	—	—	—	—	—	—
Payable days	—	—	—	—	—	—	—	—
NWC days	—	—	—	—	—	—	—	—
Leverage
Current ratio	—	—	—	0.4	0.23	0.02	0.14	1.56
Debt to EBITDA	—	—	—	—	—	—	—	—
Debt to equity	—	—	0	0	0	0	0	0
Interest coverage	—	—	—	—	—	—	-223	-12.1
Asset turnover	—	—	0	0	0	0	0	0
Return ratios
Return on assets %	—	—	-0.4%	-0.8%	-0.3%	-0.4%	-1.4%	-0.1%
Return on capital employed %	—	—	-0.4%	-0.9%	-0.3%	-0.4%	-0.5%	-0.1%
Return on equity %	—	—	-0.4%	-1%	-0.4%	-0.5%	-1.4%	-0.1%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

Loading ratios…

Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	16.22%	16.22%	16.22%	16.22%	16.22%	92.82%	92.82%	92.82%	92.82%	92.82%	92.82%	92.82%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	83.78%	83.78%	83.78%	83.78%	83.78%	7.18%	7.18%	7.18%	7.18%	7.18%	7.18%	7.18%
No. of shareholders	—	—	—	—	—	—	—	—	2,333	2,293	2,747	3,174

Loading shareholding…

F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

Loading f&o…

Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Maxgrow India Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

Loading fund holders…

Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

3

Board meeting to consider results14 Aug 2026
Board meeting to consider results10 Aug 2026
Board meeting to consider results31 Jul 2026

1

Face value ₹10 → ₹531 Jan 2013 · ex-date

1

Bonus 1:15 Dec 2008 · ex-date

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

31 announcementsExport CSV

29 Sept 2026, 7:31 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

28 Sept 2026, 7:01 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

7 Sept 2026, 5:46 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

5 Sept 2026, 2:33 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

5 Sept 2026, 2:26 pmAGM/EGM

Annual Report For The Financial Year 2025-26 And Notice Of 33Rd Annual General Meeting Of The Company

AGM PDF

29 Aug 2026, 5:35 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

27 Aug 2026, 7:08 pmCompany Update

Announcement under Regulation 30 (LODR)-Change in Management

Change in Management PDF

27 Aug 2026, 7:01 pmCompany Update

Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s

Appointment of Statutory Auditor/s PDF

Date	Category	Subject	Filing
29 Sept 2026, 7:31 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
28 Sept 2026, 7:01 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF

Loading announcements…

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—	—	—	—
EBITDA margin %	—	—	—	—	—	—	—	—
EBIT margin %	—	—	—	—	—	—	—	—
PAT margin %	—	—	—	—	—	—	—	—
Working capital
Receivable days	—	—	—	—	—	—	—	—
Inventory days	—	—	—	—	—	—	—	—
Payable days	—	—	—	—	—	—	—	—
NWC days	—	—	—	—	—	—	—	—
Leverage
Current ratio	—	—	—	0.4	0.23	0.02	0.14	1.56
Debt to EBITDA	—	—	—	—	—	—	—	—
Debt to equity	—	—	0	0	0	0	0	0
Interest coverage	—	—	—	—	—	—	-223	-12.1
Asset turnover	—	—	0	0	0	0	0	0
Return ratios
Return on assets %	—	—	-0.4%	-0.8%	-0.3%	-0.4%	-1.4%	-0.1%
Return on capital employed %	—	—	-0.4%	-0.9%	-0.3%	-0.4%	-0.5%	-0.1%
Return on equity %	—	—	-0.4%	-1%	-0.4%	-0.5%	-1.4%	-0.1%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Kalyan Jewellers India LimitedKALYANKJILKALYANKJIL	₹54,578 Cr	₹55,102 Cr	₹39,063 Cr	₹2,616 Cr	7%	₹1,435 Cr	3.8%	31.5%	24.3%	136
Lalithaa Jewellery Mart LimitedLALITHAALALITHAA	₹21,708 Cr	₹23,312 Cr	₹25,024 Cr	₹1,674 Cr	6.7%	₹1,010 Cr	4%	54.3%	41.6%	—
Thangamayil Jewellery LimitedTHANGAMAYLTHANGAMAYL	₹15,118 Cr	₹15,943 Cr	₹9,606 Cr	₹621 Cr	6.6%	₹391 Cr	4.1%	39.1%	27.9%	142
Sky Gold And Diamonds LimitedSKYGOLDSKYGOLD	₹12,557 Cr	₹13,426 Cr	₹7,176 Cr	₹520 Cr	6.9%	₹343 Cr	4.5%	45.9%	29.3%	77
Pc Jeweller LimitedPCJEWELLERPCJEWELLER	₹12,449 Cr	₹13,522 Cr	₹3,505 Cr	₹785 Cr	20%	₹775 Cr	21.3%	11.7%	9.9%	1,082
Bluestone Jewellery And Lifestyle LimitedBLUESTONEBLUESTONE	₹12,008 Cr	₹12,753 Cr	₹2,681 Cr	₹442 Cr	16%	₹56 Cr	0.5%	9.8%	1.1%	659
P N Gadgil Jewellers LimitedPNGJLPNGJL	₹7,897 Cr	₹9,477 Cr	₹11,438 Cr	₹669 Cr	5.7%	₹446 Cr	3.8%	34.3%	23.3%	121
Timex Group India LimitedTIMEXTIMEX	₹7,368 Cr	₹7,370 Cr	₹419 Cr	₹32 Cr	7.7%	₹21 Cr	5%	32.7%	29.4%	—
Ethos LimitedETHOSLTDETHOSLTD	₹6,785 Cr	₹6,786 Cr	₹1,728 Cr	₹223 Cr	12.9%	₹106 Cr	6%	10.4%	7.7%	180
Senco Gold LimitedSENCOSENCO	₹5,199 Cr	₹6,769 Cr	₹9,660 Cr	₹999 Cr	11.5%	₹571 Cr	6.8%	38%	25.6%	259
Kddl LimitedKDDLKDDL	₹4,811 Cr	₹4,967 Cr	₹2,322 Cr	₹335 Cr	14.3%	₹97 Cr	6.3%	11.9%	8.8%	192
D. P. Abhushan LimitedDPABHUSHANDPABHUSHAN	₹4,273 Cr	₹4,433 Cr	₹2,340 Cr	₹100 Cr	4.3%	₹62 Cr	2.6%	40.8%	29.4%	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-0	-0	-0	-0	0	0
	0	0	0	0	0	-1
	0	0	0	0	-1	1
Net cash flow	-0	0	0	-0	-1	0
Free cash flow	-0	-0	-0	-0	0	0
CFO / Operating profit %	—	—	—	—	—	—

Maxgrow India Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Board meetings3

Stock splits1

Bonus issues1

Announcements

Board meetings3

Stock splits1

Bonus issues1

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Quarterly record

Annual reports

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Return on equity

3

1

1

3

1

1