MA
Max Alert Systems
Commodities
534563 BSE
Price unavailable
No trades in 1Y
Key Insights
Strengths
3- Company is almost debt free.
- Stock is trading at 0.37 times its book value
- Company has delivered good profit growth of 43.2% CAGR over last 5 years
Weaknesses
3- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Earnings include an other income of Rs.3.43 Cr.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Strong Bullish | 2 | 5 | 12 |
| Oscillators | Neutral | 2 | 5 | 2 |
| Moving Averages | Strong Bullish | 0 | 0 | 10 |
Oscillators
Neutral
Bearish
2
Neutral
5
Bullish
2
Overall
Strong Bullish
Bearish
2
Neutral
5
Bullish
12
Moving Averages
Strong Bullish
Bearish
0
Neutral
0
Bullish
10
Key readings
- RSI (14)
- 61.18
- Neutral
- MACD (12,26,9)
- 0.22
- Bearish
- SMA (50)
- 3.50
- Bullish
- SMA (200)
- 2.82
- Bullish
As of , the latest day with price data, so these readings are not current.
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025.
Revenue
| 10Y | −1.98% |
|---|---|
| 5Y | +32.51% |
| 3Y | Zero base |
| 1Y | +59.63% |
Net profit
| 10Y | +57.17% |
|---|---|
| 5Y | Turned to profit |
| 3Y | Turned to profit |
| 1Y | +69.85% |
Operating cash flow
| 10Y | Outflow narrowed by ₹0.64 Cr |
|---|---|
| 5Y | Outflow widened by ₹2.36 Cr |
| 3Y | Outflow widened by ₹1.70 Cr |
| 1Y | Outflow widened by ₹0.28 Cr |
Operating margin· change in pp
| 10Y | +7.26 pp |
|---|---|
| 5Y | +29.30 pp |
| 3Y | No sales |
| 1Y | +2.95 pp |
Trailing twelve months: Results are not reported for each of the last eight quarters, so there is no trailing-twelve-month figure.
Revenue by year
| Mar 2017 | ₹13.49 Cr |
|---|---|
| Mar 2018 | ₹13.71 Cr |
| Mar 2019 | ₹18.86 Cr |
| Mar 2020 | ₹11.83 Cr |
| Mar 2021 | ₹5.70 Cr |
| Mar 2022 | ₹4.72 Cr |
| Mar 2023 | ₹0.00 Cr |
| Mar 2024 | ₹0.00 Cr |
| Mar 2025 | ₹14.59 Cr |
| Mar 2026 | ₹23.29 Cr |
Net profit by year
| Mar 2017 | ₹0.16 Cr |
|---|---|
| Mar 2018 | ₹0.07 Cr |
| Mar 2019 | ₹0.03 Cr |
| Mar 2020 | ₹0.02 Cr |
| Mar 2021 | −₹1.37 Cr |
| Mar 2022 | −₹18.96 Cr |
| Mar 2023 | −₹0.41 Cr |
| Mar 2024 | −₹0.82 Cr |
| Mar 2025 | ₹3.25 Cr |
| Mar 2026 | ₹5.52 Cr |
Half-yearly Results
₹ Cr| Particulars | Mar 2020 | Sep 2020 | Mar 2021 | Sep 2021 | Mar 2022 | Sep 2022 | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 9.24 | 1.89 | 3.82 | 2.8 | 2.8 | 0 | 0 | 0 | 0 | 0 | 10.3 | 13.27 | 10.02 |
| Expenses | 8.78 | 1.68 | 5.13 | 6.08 | 6.08 | 0.07 | 0.23 | 0.05 | 0.2 | 0.25 | 9.51 | 12.12 | 8.75 |
| Operating Profit | 0.46 | 0.21 | −1.31 | −3.28 | −3.28 | −0.07 | −0.23 | −0.05 | −0.2 | −0.25 | 0.79 | 1.15 | 1.27 |
| OPM % | 4.98% | 11.11% | −34.29% | −117.14% | −117.14% | — | — | — | — | — | 7.67% | 8.67% | 12.67% |
| Other Income | −0.1 | 0.01 | 0.01 | 0.12 | 0.12 | 0 | 0 | 0 | −0.51 | −0.5 | 2.26 | 3.08 | 0.35 |
| Interest | 0 | 0.03 | −0.03 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.37 | 0.15 | 0.15 | 0.13 | 0.13 | 0.05 | 0.05 | 0.04 | 0.04 | 0.09 | 0.04 | 0.03 | 0.24 |
| PBT | −0.01 | 0.04 | −1.42 | −3.29 | −3.29 | −0.12 | −0.28 | −0.09 | −0.75 | −0.84 | 3.01 | 4.2 | 1.38 |
| Tax % | 200% | 25% | 1.41% | 0% | 0% | 0% | 0% | 0% | −2.67% | 2.38% | 1% | 0% | 4.35% |
| Net Profit | −0.03 | 0.03 | −1.44 | −3.28 | −3.28 | −0.12 | −0.29 | −0.09 | −0.74 | −0.86 | 2.98 | 4.2 | 1.32 |
| EPS (₹) | −0.03 | 0.03 | −1.57 | −3.57 | −3.57 | −0.13 | −0.32 | −0.1 | −0.8 | −0.93 | 3.24 | 4.57 | 1.43 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 37.62 | 28.45 | 13.49 | 13.71 | 18.86 | 11.83 | 5.7 | 4.72 | 0 | 0 | 14.59 | 23.29 |
| Expenses | 35.47 | 27.57 | 12.61 | 14.62 | 18.37 | 11.32 | 6.78 | 23.04 | 0.3 | 0.25 | 13.51 | 20.88 |
| Operating Profit | 2.15 | 0.88 | 0.88 | −0.91 | 0.49 | 0.51 | −1.08 | −18.32 | −0.3 | −0.25 | 1.08 | 2.41 |
| OPM % | 5.72% | 3.09% | 6.52% | −6.64% | 2.6% | 4.31% | −18.95% | −388.14% | — | — | 7.4% | 10.35% |
| Other Income | −0.66 | 0.21 | 0.11 | 1.59 | 0.02 | −0.1 | 0.01 | −0.45 | 0 | −0.5 | 2.27 | 3.43 |
| Interest | 0.27 | 0.08 | 0.02 | 0.01 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1.75 | 1 | 0.74 | 0.58 | 0.46 | 0.37 | 0.31 | 0.19 | 0.11 | 0.09 | 0.07 | 0.27 |
| PBT | −0.53 | 0.01 | 0.23 | 0.09 | 0.05 | 0.04 | −1.38 | −18.96 | −0.41 | −0.84 | 3.28 | 5.57 |
| Tax % | −13.21% | −500% | 26.09% | 33.33% | 20% | 50% | −0.72% | 0% | 0% | −2.38% | 0.91% | 1.08% |
| Net Profit | −0.45 | 0.06 | 0.16 | 0.07 | 0.03 | 0.02 | −1.37 | −18.96 | −0.41 | −0.82 | 3.25 | 5.52 |
| EPS (₹) | −0.49 | 0.07 | 0.17 | 0.08 | 0.03 | 0.02 | −1.49 | −20.61 | −0.45 | −0.89 | 3.53 | 6 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9.2 | 9.2 | 9.2 | 9.2 | 9.2 | 9.2 | 9.2 | 9.2 | 9.2 | 0.92 | 0.92 | 0.92 |
| Reserves | 5.05 | 5.11 | 5.27 | 5.34 | 5.37 | 5.39 | 4.02 | −14.94 | −15.35 | 0.25 | 4.56 | 10.08 |
| Borrowings | 9.78 | 8.49 | 7.89 | 3.46 | 2.05 | 2.05 | 2.05 | 1.88 | 1.88 | 0 | 0 | 0 |
| Other Liabilities | 4.11 | 3.27 | 3.65 | 4.34 | 12.38 | 14.5 | 7.54 | 6.15 | 5.76 | 0.08 | 1.01 | 1.12 |
| Total Liabilities | 28.14 | 26.07 | 26.01 | 22.34 | 29 | 31.14 | 22.81 | 2.29 | 1.49 | 1.25 | 6.49 | 12.12 |
| Fixed Assets | 9.77 | 4.72 | 4 | 2.52 | 2.06 | 1.69 | 1.38 | 0.6 | 0.49 | 0.4 | 0.33 | 2.44 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0.01 | 0.01 | 0.55 | 0.01 | 0.01 | 0.01 | 0.01 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 18.36 | 21.34 | 21.46 | 19.81 | 26.93 | 29.44 | 21.42 | 1.69 | 1 | 0.85 | 6.16 | 9.68 |
| Total Assets | 28.14 | 26.07 | 26.01 | 22.34 | 29 | 31.14 | 22.81 | 2.29 | 1.49 | 1.25 | 6.49 | 12.12 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 3.49 | −3.02 | −0.86 | 3.23 | 1.04 | 0.03 | −0.02 | 0.19 | −0.68 | −6.38 | −2.1 | −2.38 |
| Investing | −2.46 | 4.05 | −0.56 | 0.94 | 0.02 | 0.02 | 0.01 | 0.75 | 0 | 6.51 | 2.27 | 1.06 |
| Financing | −0.3 | −0.52 | −0.6 | −3.76 | −1.41 | −0.01 | 0 | −0.17 | 0 | −0.24 | 1.06 | 0 |
| Net Cash Flow | 0.73 | 0.51 | −2.02 | 0.4 | −0.35 | 0.04 | 0 | 0.78 | −0.68 | −0.11 | 1.22 | −1.31 |
| Free Cash Flow | 1.03 | 1.03 | −0.88 | 4.15 | 1.04 | 0.03 | −0.02 | 0.19 | −0.68 | −6.38 | −2.1 | −4.75 |
| CFO/OP | 142 | −338 | −90 | −358 | 214 | 8 | 2 | −1 | 227 | 2,552 | −194 | −99 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 112 | 100 | 212 | 147 | 300 | 691 | 783 | 1.55 | — | — | 96.82 | 92.46 |
| Inventory Days | 2.9 | 8.65 | 55.54 | 53.25 | 34.02 | 92.02 | 187 | 0 | — | — | 0 | 0 |
| Days Payable | 34.27 | 42.65 | 140 | 79.26 | 252 | 532 | 517 | — | — | — | — | — |
| Cash Conversion Cycle | 80.98 | 66.46 | 128 | 121 | 82.31 | 251 | 452 | 1.55 | — | — | 96.82 | 92.46 |
| Working Capital Days | 39.49 | 198 | 464 | 387 | 271 | 442 | 850 | −452 | — | — | 83.31 | 127 |
| ROCE % | 1.65% | −0.43% | 1.11% | −7.28% | 0.29% | 0.96% | −8.65% | −321.65% | — | — | 98.65% | 67.6% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Max Alert Systems insights
56 extracted metrics across FY11–FY26.
Documents
- General announcements 14 Oct 2026
Frequently Asked Questions about Max Alert Systems
What does Max Alert Systems Ltd do?
Incorporated in 2004, Max Alert Systems Ltd. is in the field of designing & implementing industrial as well as domestic fire fighting systems and is a Turnkey Service Provider in the field of telecom infrastructure.
Where is Max Alert Systems Ltd (MASL) listed?
Max Alert Systems Ltd trades under code 534563 on the BSE.
Which sector does Max Alert Systems Ltd belong to?
Max Alert Systems Ltd is classified under the Commodities sector, in the Other Construction Materials industry.
Company Information
Incorporated in 2004, Max Alert Systems Ltd. is in the field of designing & implementing industrial as well as domestic fire fighting systems and is a Turnkey Service Provider in the field of telecom infrastructure.
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