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MAXIND · Max India Ltd · Insurance (Accident & Health)

MAXIND · Max India Ltd · Insurance (Accident & Health)

₹147.67-1.4%

As of 06 Nov close

52-week range

52wk low ₹12052wk high ₹220

32.9% below 52-week high

52-week range: as of 06 Nov 2026 close.

Price chartDaily closes on the stock page.

Stock Condition:Pro

Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.

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Fundamentals as of 15 Sep 2026 · the company's own latest record is 53 days old

Revenue growth acceleratingOperating margin above its own average

Revenue (latest Q)

₹60 Cr

Revenue YoY

PAT YoY

-41.5%

Operating margin

Revenue, last 8 quarters

P/E (TTM)

P/B

2

P/S (TTM)

3.9

Sector P/E

29.7

Dividend yield

0.0%

CompanyP/EP/BNet marginROED/EDiv. yield
MAXIND (this stock)Not meaningful (earnings negative over the last 12 months)2-62.0%-32.5%0.240.0%
Max Financial Services658.510+0.2%+1.6%35.19Not available from data source

Promoter

falling 1q

FII

falling 1q

MF

Not available from data source

Insider trades

No insider trades in the last 12 months.

Bulk/block deals

No bulk/block deals in the last 12 months.

News timeline

No related news.

Concalls & investor presentations

AI-generated
Concall transcriptMixed19 Aug 2026
View source filing →

Key takeaway: Max India Limited held its Q1 FY27 Earnings Conference Call on August 12, 2026, where management provided updates on various business segments. Rajit Mehta, MD and CEO, highlighted the successful issuance of possession offers to 340 residents in Antara Noida, marking a significant milestone. The company reported a revenue increase to INR 68.6 crores, a 66% year-on-year growth, although EBITDA losses rose to INR 25 crores. Management noted that occupancy rates in Care Homes are improving, with several locations showing increased occupancy. The company is also exploring expansion opportunities in Bangalore and Dehradun, with potential sales values of INR 900 crores each. Management emphasized a commitment to profitability and ongoing efforts to optimize costs despite external challenges. The call concluded with management expressing confidence in their execution strategy and future growth prospects.

The document presented both positive developments and ongoing challenges in financial performance.

Sourced from an exchange-filed transcript, dated 19 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationNeutral11 Aug 2026
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Key takeaway: Max India Limited reported its Q1 FY27 performance in an investor presentation dated August 11, 2026. The company highlighted that its consolidated revenue reached Rs 68.6 Cr, marking a 66% increase year-over-year but a 4.7% decline quarter-over-quarter. The EBITDA loss was reported at Rs 25 Cr, compared to Rs 23.2 Cr in Q1 FY26. Key performance indicators included 100% unit sales for E360 in Gurugram and significant sales collections from other projects. The Assisted Care Services segment saw revenue growth of approximately 1.5 times year-over-year, serving around 2,700 patients in the quarter. The presentation also noted strategic partnerships aimed at enhancing senior wellness and financial literacy. The company emphasized a focus on profitable growth and operational efficiency across its business verticals.

The presentation provided a balanced overview of performance metrics and strategic initiatives without strong positive or negative emphasis.

Sourced from an exchange-filed presentation, dated 11 Aug 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationPositive24 Jun 2026
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Key takeaway: Max India Limited's investor presentation, dated June 24, 2026, outlines the company's diverse business operations, including healthcare, real estate, life insurance, and senior care services. The presentation highlights Max Healthcare's significant market presence with over 6,000 beds and a market cap of INR 1,04,896 crore. It also details the growth of Max Life Insurance, which has an AUM of INR 1,89,795 crore, and the establishment of Antara, a senior care ecosystem aimed at addressing the needs of India's aging population. The presentation emphasizes the potential of the senior living market, projected to reach USD 30 billion, and discusses the company's integrated approach to senior care, including assisted living and home care services. Financially, the company reported a revenue of INR 72 crore for Q4FY26, marking a 58% year-on-year increase, while also noting an improvement in EBITDA loss. The document concludes with an overview of the leadership team and strategic partnerships.

The presentation emphasized growth opportunities and strong financial performance.

Sourced from an exchange-filed presentation, dated 24 Jun 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptPositive04 Jun 2026
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Key takeaway: Max India Limited held its Q4 FY '26 earnings conference call on May 29, 2026, where management discussed the company's performance and strategic initiatives. Rajit Mehta, Managing Director, highlighted a 30% increase in consolidated revenue to INR 213.4 crores for FY '26, with a quarterly revenue of INR 72 crores in Q4, marking a 45% quarter-on-quarter growth. The EBITDA loss improved to INR 83 crores from INR 99 crores the previous year. Management reported a partial occupancy certificate for their Noida project, potentially unlocking INR 150 crores in receivables. The company emphasized its commitment to profitability and strategic expansion in senior care services, with a focus on operational efficiency and customer satisfaction. The call concluded with management expressing gratitude for investor support and outlining future growth priorities.

Management emphasized growth and improvements in financial performance.

Sourced from an exchange-filed transcript, dated 04 Jun 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationPositive28 May 2026
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Key takeaway: Max India Limited reported its financial performance for Q4 and the fiscal year ending March 31, 2026, highlighting significant growth across various business segments. The company achieved consolidated revenues of Rs 72 Cr for Q4FY26, marking a 58% year-over-year increase and a 45% quarter-over-quarter improvement. The EBITDA loss narrowed to Rs 7 Cr from Rs 28 Cr in the previous quarter. Key performance indicators included 100% unit sales at E360, Gurugram, and a notable increase in revenue from assisted care services, which reached Rs 32.66 Cr, up 1.2x QoQ. The AGEasy product line also saw substantial growth, with revenues of Rs 23 Cr, up 1.4x YoY. The company emphasized its focus on cost optimization and efficient treasury management while maintaining a liquidity position of approximately Rs 58 Cr as of March 2026.

Management reported significant revenue growth and improvements in financial performance.

Sourced from an exchange-filed presentation, dated 28 May 2026. Summary is RedixFi-generated and distinct from investment advice.

Concall transcriptPositive16 Feb 2026
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Key takeaway: Max India Limited held its Q3 and 9-month FY '26 earnings conference call on February 10, 2026, where management reported a 19% growth in revenue for the nine months ended December 31, 2025, and a 27% year-on-year growth for the quarter, totaling INR 49.8 crores. The company noted a flat quarter-on-quarter performance but highlighted growth across most verticals, except for AGEasy, which faced a technical issue affecting sales. Management emphasized renewed investor interest in the senior living sector and reported strong collection efficiencies from their residential projects. The company also discussed its commitment to prudent capital deployment and improving profitability, with plans to reach breakeven in various segments by FY '27 and FY '28. Additionally, management mentioned ongoing collaborations to enhance awareness and policy shaping in the senior care sector. The call concluded with management expressing confidence in the long-term growth potential of the senior care market.

Management expressed confidence in growth and sector interest while reporting solid financial results.

Sourced from an exchange-filed transcript, dated 16 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.

Investor presentationNeutral10 Feb 2026
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Key takeaway: Max India Limited's investor presentation for Q3 and 9M FY26 reported a consolidated revenue of Rs 49.8 Cr, reflecting a 27% year-over-year increase but a slight decline of 1% quarter-over-quarter. The presentation highlighted that the EBITDA loss was approximately Rs 29 Cr, compared to Rs 26 Cr in the previous quarter. Key performance indicators included 100% unit sales for the E360 project in Gurugram and significant revenue growth in assisted care services, which saw a 1.2x increase quarter-over-quarter. The company reported a liquidity position of around Rs 105 Cr and a consolidated net worth of Rs 426 Cr as of December 2025. Management emphasized ongoing partnerships aimed at enhancing service offerings and expanding market reach, while also focusing on cost optimization and efficient treasury management.

The presentation provided a balanced overview of performance metrics and strategic initiatives without strong emphasis on growth or challenges.

Sourced from an exchange-filed presentation, dated 10 Feb 2026. Summary is RedixFi-generated and distinct from investment advice.

AI Summary of Annual Report

AI-generated
FY2025-26285 pages

Max India Limited's FY2025-26 annual report highlights key governance and financial aspects. The company reappointed Mr. Rajit Mehta as Managing Director with approved remuneration, and all directors affirmed compliance with the Code of Conduct. The Audit Committee, composed of independent directors, oversees financial governance. The report mentions significant investments in subsidiaries, with impairment evaluations being a key audit matter. The company has no outstanding loans to related parties and has addressed statutory dues. However, there are pending service tax demands from prior years and ongoing legal matters related to a joint venture's occupancy certificate.

  • Mr. Rajit Mehta reappointed as Managing Director with approved remuneration.
  • Audit Committee includes independent directors overseeing financial governance.
  • Significant investments in subsidiaries with impairment evaluations as key audit matter.
  • No outstanding loans to related parties.
  • Pending service tax demands from FY 2015-16 to 2017-18.

Key takeaway: Max India Limited maintains governance compliance and has addressed key financial matters, but faces risks from pending tax demands and legal issues related to a joint venture project.

The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.

Filed with NSE · 28 Jul 2026View source filing →

Governance disclosures

AI-generated

Needs attention

Default / Covenant Breach (1 item)

Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.

Default / Covenant Breach

1 occurrence

Earlier (1-3 years ago)

Annual Report11 Aug 2025 (FY2024-25)
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The company has disputes pending with tax authorities for the years 2015-16, 2016-17, 2017-18, 2014-15, and 2021-22, with demands totaling Rs. 3,638.65 lakhs. These disputes are being handled by the Commissioner of Central CGST, Delhi South Commissionerate, Delhi, and the Punjab & Haryana High Court.

Routine disclosures

Contingent Liability

2 occurrences

Recent (last 12 months)

Annual Report28 Jul 2026 (FY2025-26)· 3 passages
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The company has contingent liabilities related to service tax demands for FY 2015-16 to 2017-18 and an income tax demand of Rs. 2,932.74 lakhs following a rectification order. The company is contesting these demands and does not expect any payment.

Earlier (1-3 years ago)

Annual Report11 Aug 2025 (FY2024-25)· 4 passages
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The Company has contingent liabilities related to service tax demands for FY 2015-16 to 2017-18 and an income tax demand of ~Rs. 2,716.00 lakhs from FY 2014-15, which are being contested and not accrued in financial statements.

Related-Party Transaction

2 occurrences

Recent (last 12 months)

Annual Report28 Jul 2026 (FY2025-26)· 15 passages
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Antara Senior Living Limited and Max Estates Gurgaon Two Limited have a material related party transaction for FY 2026-27, which was approved by an ordinary resolution.

Earlier (1-3 years ago)

Annual Report11 Aug 2025 (FY2024-25)· 14 passages
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The company entered into several transactions with related parties during FY 2024-25, which constitute a significant part of its operating revenue, including income from functional support services, rental income, and interest on loans to related parties.

Statutory dues in dispute

1 occurrence

Recent (last 12 months)

Annual Report28 Jul 2026 (FY2025-26)Disputed tax/statutory dues under appeal, not a loan default
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The company has disputes pending with authorities regarding Service Tax and Income Tax for the financial years 2015-16 to 2017-18 and 2014-15 to 2021-22, with amounts in dispute listed in lakhs of rupees and cases pending before the Commissioner of Central CGST, Delhi, and Punjab & Haryana High Court.

Promoter Share Pledge

1 occurrence

Recent (last 12 months)

Structured Filing Data (NSE Pledge Disclosure)18 Jul 2026

3.8% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).

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