Maximus International Ltd (MAXIMUS)

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Maximus International Ltd (MAXIMUS) · mywealthgrid

About

Trading & distribution company in industrials sector. Market cap ₹194 Cr; quarterly revenue ₹0.72–₹1.99 Cr. Commercial services distributor.

Face value: ₹1

Market cap

₹202 Cr

P/E

21.9×

P/B

2.3×

Dividend yield

ROE

11.6%

ROCE

15.8%

Debt / equity

0.45

OPM

7.3%

EPS (TTM)

₹0.7

Book value

₹6.4

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Quarterly revenue swings ₹0.62–₹1.99 Cr; verify if seasonal, cyclical, or structural volatility
Profit inconsistency: net loss ₹0.04 Cr (Mar 2021) after profitable quarters, OPM ranged -16.74% to +8.54%; raises consistency questions
PE 21.44 prices in margin recovery despite historically thin, volatile margins; verify if inflection grounded
No institutional participation (0% FII, 0% DII); verify if reflects liquidity, governance, or disclosure concerns

Generated analysis · source review pending

Growth drivers

OPM recovered to 8.47% current from -16.74% in Mar 2021; verify if improvement sustainable or cyclical
D/E 0.32 low provides financial flexibility for working-capital or growth investments; verify capital deployment strategy
ROE 16.08% demonstrates capital efficiency; verify if sustainable as business scales
Market cap ₹194 Cr; consolidation typical in distribution; verify growth strategy (organic or M&A)

Generated analysis · source review pending

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

₹14.9-0.2%1Y

Quick read

rule-based

Pros

+Profit CAGR of 24.4% over the last 5 years
+Revenue CAGR of 28.6% over the last 5 years

Cons

−Thin operating margin of 7.3%

Research score

Structured signal from quality, growth, valuation and momentum.

53/100

Business quality: 33
Growth: 62
Valuation: 65

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

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Financials

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

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	31	52	69	100	109	157	185
COGS	26	38	54	81	91	129	154
Gross profit	5	14	15	19	18	28	31
	2	9	9	9	10	15	18
	3	6	6	9	8	13	14
OPM %	9.7%	10.9%	9.1%	9.3%	7.1%	8.5%	7.3%
Depreciation	0	1	1	1	1	2	2
Interest	1	1	1	2	2	3	4
	1	1	1	2	4	2	4
Profit before tax	3	4	5	8	8	10	11
Tax	0	0	0	1	0	1	2
Tax %	11.7%	10.6%	9.5%	7.9%	5.2%	12.1%	16%
	3	4	5	7	8	9	9
PAT margin %	8.8%	6.7%	6.8%	7.3%	7.3%	5.8%	5%
EPS (₹)	2	2.5	0.3	0.6	0.6	0.7	0.7
EPS adjusted (₹)	0.2	0.3	0.3	0.6	0.6	0.7	0.7
Annual report	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 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	13	13	13	13	13	14	14
Reserves	7	9	14	19	28	58	73
Minority interest	8	8	9	9	9	9	9
	—	6	6	9	18	23	39
	16	11	13	27	15	29	44
Total equity & liabilities	43	46	54	77	82	133	180
	10	10	9	9	9	9	16
CWIP	0	0	1	1	1	5	0
Investments	2	3	1	1	1	1	1
	30	33	44	67	71	118	162
Total assets	43	46	54	77	82	133	180

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Ratios

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

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	16.8%	27.4%	21.7%	18.8%	16.8%	18%	16.9%
EBITDA margin %	9.7%	10.9%	9.1%	9.3%	7.1%	8.5%	7.3%
EBIT margin %	8.2%	8.5%	7.2%	8%	5.9%	7.4%	6.1%
PAT margin %	8.8%	6.7%	6.8%	7.3%	7.3%	5.8%	5%
Working capital
Receivable days	152	97	125	157	147	182	241
Inventory days	84	54	31	31	26	35	29
Payable days	—	50	72	94	42	72	90
NWC days	—	101	84	93	131	146	181
Leverage
Current ratio	—	1.97	2.08	2.1	2.62	2.44	2.05
Debt to EBITDA	—	1.13	1.01	0.99	2.27	1.71	2.91
Debt to equity	—	0.31	0.24	0.29	0.43	0.32	0.45
Interest coverage	5.4	4.4	5	5.8	4.7	4.3	3.8
Asset turnover	0.72	1.13	1.27	1.29	1.33	1.18	1.03
Return ratios
Return on assets %	6.4%	7.6%	8.6%	9.5%	9.7%	6.8%	5.2%
Return on capital employed %	—	16.8%	19.2%	22.3%	20.3%	18.8%	15.8%
Return on equity %	14%	16.6%	17.8%	22.7%	19.7%	12.6%	10.7%

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.

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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
	62.65%	62.31%	62.31%	61.45%	61.45%	57.58%	57.58%	57.58%	57.58%	57.58%	57.58%	57.58%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	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%
	37.35%	37.69%	37.69%	38.55%	38.55%	42.42%	42.42%	42.42%	42.42%	42.42%	42.42%	42.42%
No. of shareholders	—	—	—	—	—	—	—	—	35,455	34,104	32,915	32,036

Promoter holding down 5.07 percentage points since Sep 2023.

29 deals · 2 Aug 2021 – 27 Mar 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
27 Mar 2026	ARNAV FINANCIAL SERVICES PRIVATE LIMITED	Bulk	BSE	Buy	21,82,000	₹9.00	₹1.96 Cr
27 Mar 2026	YOGOMAYA TRADELINK PRIVATE LIMITED	Bulk	BSE	Sell	19,40,000	₹9.00	₹1.75 Cr
27 Mar 2026	COMELY ELECTRICAL PRIVATE LIMITED	Bulk	BSE	Sell	19,40,000	₹9.00	₹1.75 Cr
27 Mar 2026	ARYAMAN BROKING LIMITED	Bulk	BSE	Buy	17,00,000	₹9.00	₹1.53 Cr
11 Dec 2025	ARYAMAN BROKING LIMITED	Bulk	BSE	Buy	18,79,220	₹11.06	₹2.08 Cr
11 Dec 2025	NOPEA CAPITAL SERVICES PRIVATE LIMITED	Bulk	BSE	Sell	10,40,000	₹11.07	₹1.15 Cr
11 Dec 2025	EMRALD COMMERCIAL LIMITED	Bulk	BSE	Sell	8,40,000	₹11.05	₹0.93 Cr
11 Dec 2025	EMRALD COMMERCIAL LIMITED	Bulk	BSE	Buy	2,178	₹11.00	₹0.00 Cr
28 Jul 2025	FRANKLIN LEASING AND FINANCE LIMITED	Bulk	BSE	Buy	8,45,000	₹11.77	₹0.99 Cr
28 Jul 2025	HARSHA RAJESHBHAI JHAVERI	Bulk	BSE	Sell	8,34,442	₹11.77	₹0.98 Cr

1–10 of 29

1 / 3

Mr. DIPAK VRAJLAL RAVALExecutive Director-Chairperson-MD
Mr. VINAY SHRIKRISHNA PANDYANon-Executive - Independent Director
Mr. RAHIL THAKERNon-Executive - Independent Director
Mrs. DIVYA CHIRAYU ZALANINon-Executive - Independent Director
Mr. ANAND SHAHI KANT MULEYNon-Executive - Non Independent Director
Mr. ANIRUDDH RINKI GANDHINon-Executive - Non Independent Director
Mr. Milind JoshiChief Financial Officer
Ms. Sonali PanchalCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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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.

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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 Maximus International Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

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

Announcements

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Events

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

1

Analyst / investor meeting29 Sept 2026 · 3 days agomeeting

1

Board meeting to consider results13 Aug 2026

1

Face value ₹10 → ₹13 Oct 2022 · ex-date

1–3 of 4

1 / 2

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

72 announcementsExport CSV

30 Sept 2026, 8:53 pmCompany Update

Announcement Under Regulation 30 (LODR)

General PDF

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	16.8%	27.4%	21.7%	18.8%	16.8%	18%	16.9%
EBITDA margin %	9.7%	10.9%	9.1%	9.3%	7.1%	8.5%	7.3%
EBIT margin %	8.2%	8.5%	7.2%	8%	5.9%	7.4%	6.1%
PAT margin %	8.8%	6.7%	6.8%	7.3%	7.3%	5.8%	5%
Working capital
Receivable days	152	97	125	157	147	182	241
Inventory days	84	54	31	31	26	35	29
Payable days	—	50	72	94	42	72	90
NWC days	—	101	84	93	131	146	181
Leverage
Current ratio	—	1.97	2.08	2.1	2.62	2.44	2.05
Debt to EBITDA	—	1.13	1.01	0.99	2.27	1.71	2.91
Debt to equity	—	0.31	0.24	0.29	0.43	0.32	0.45
Interest coverage	5.4	4.4	5	5.8	4.7	4.3	3.8
Asset turnover	0.72	1.13	1.27	1.29	1.33	1.18	1.03
Return ratios
Return on assets %	6.4%	7.6%	8.6%	9.5%	9.7%	6.8%	5.2%
Return on capital employed %	—	16.8%	19.2%	22.3%	20.3%	18.8%	15.8%
Return on equity %	14%	16.6%	17.8%	22.7%	19.7%	12.6%	10.7%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Redington LimitedREDINGTONREDINGTON	₹31,112 Cr	₹33,749 Cr	₹1,28,133 Cr	₹2,537 Cr	1.9%	₹1,701 Cr	1.1%	21.7%	15.8%	34
Mmtc LimitedMMTCMMTC	₹8,444 Cr	₹8,444 Cr	₹3 Cr	₹-179 Cr	—	₹447 Cr	—	-0.5%	20.3%	-2,38,864
Mstc LimitedMSTCLTDMSTCLTD	₹4,969 Cr	₹5,114 Cr	₹386 Cr	₹236 Cr	60.6%	₹234 Cr	59.1%	34.9%	26.6%	-92
Bn Agrochem LimitedBNAGROCHEMBNAGROCHEM	₹2,228 Cr	₹2,310 Cr	₹299 Cr	₹-37 Cr	-12.5%	₹20 Cr	6.6%	12%	8.5%	130
Creative Newtech LimitedCNLCNL	₹1,619 Cr	₹1,943 Cr	₹2,783 Cr	₹99 Cr	3.2%	₹74 Cr	2.6%	29.2%	21.4%	75
Pervasive Commodities LtdPERVASIVEPERVASIVE	₹1,090 Cr	₹1,090 Cr	₹43 Cr	₹-0 Cr	-1.1%	₹-0 Cr	-0.1%	0%	-0.1%	548
RRP Defense LtdRRPDEFENSERRPDEFENSE	₹842 Cr	₹844 Cr	₹12 Cr	₹-1 Cr	-8.4%	₹-1 Cr	-8.2%	-13.7%	-13.7%	-15
The Yamuna Syndicate LtdYSLYSL	₹779 Cr	₹779 Cr	₹69 Cr	₹2 Cr	2.2%	₹52 Cr	75.3%	0.3%	4%	60
The State Trading Corporation Of India LimitedSTCINDIASTCINDIA	₹636 Cr	₹1,811 Cr	₹0 Cr	₹-46 Cr	—	₹21 Cr	—	—	—	—
SMT Engineering LtdSMTELSMTEL	₹598 Cr	₹679 Cr	₹162 Cr	₹41 Cr	25%	₹23 Cr	14.2%	33.2%	25.2%	395
Bijoy Hans LtdARVAYAARVAYA	₹576 Cr	₹579 Cr	₹0 Cr	₹-1 Cr	—	₹0 Cr	—	-3.9%	-3.9%	—
Riddhi Siddhi Gluco Biols LtdRIDDHIRIDDHI	₹505 Cr	₹787 Cr	₹236 Cr	₹-12 Cr	-5.2%	₹61 Cr	-5.2%	2.8%	-0.8%	65

Date	Category	Subject	Filing
30 Sept 2026, 8:53 pm	Company Update General	Announcement Under Regulation 30 (LODR)	PDF
30 Sept 2026, 7:08 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
22 Sept 2026, 5:40 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
16 Sept 2026, 12:13 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
11 Sept 2026, 2:26 pm	Insider Trading / SAST Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011	PDF
11 Sept 2026, 12:33 pm	Insider Trading / SAST Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011	PDF
9 Sept 2026, 1:39 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
8 Sept 2026, 9:18 pm	Corp. Action Book Closure	Intimation Of Date Of Annual General Meeting And Record Date.	PDF

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-8	7	-2	2	-8	-15	-8
	-3	-2	2	-2	0	-7	-5
	11	-5	-0	1	6	23	13
Net cash flow	-0	0	-0	1	-2	1	-1
Free cash flow	-16	6	-3	1	-10	-20	-12
CFO / Operating profit %	-272.9%	121.5%	-35.7%	22.3%	-105.3%	-109.6%	-60.9%

Maximus International Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

1

1

1

Announcements

Not in the F&O segment

No fund holdings on record

1

1

1

Announcements

Annual reports

Investor Presentation and earnings call

Compounded sales growth

Compounded profit growth

Return on equity

Maximus International 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

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

Upcoming and recent1

Board meetings1

Stock splits1

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Upcoming and recent1

Board meetings1

Stock splits1

Quarterly record

Bulk & block deals

Board and management

Announcements

Annual reports

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1

1

1

1

1