---
title: "Max Ventures and Industries Ltd(Merged) (MAXVIL) — Share Price, Financials & Analysis"
symbol: "MAXVIL"
company: "Max Ventures and Industries Ltd(Merged)"
canonical: "https://tapetide.com/stocks/MAXVIL"
sector: "Financial Services"
industry: "Finance"
generated_at: "2026-09-13T18:26:23.276Z"
---

# Max Ventures and Industries Ltd(Merged) (MAXVIL)

Canonical page: https://tapetide.com/stocks/MAXVIL

## Company

- **Sector:** Financial Services
- **Industry:** Finance
- **Macro Sector:** Financial Services
- **Stock Type:** DELISTED
- **Listed Since:** 2016-06-22
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** maxvil.com

## About

Max Ventures and Industries Ltd is primarily engaged in construction and development of residential and commercial properties and providing facility management services and managed office services.[1]

## Latest Price

## Key Insights

### Strengths

- Debtor days have improved from 234 to 19.6 days.

### Weaknesses

- Stock is trading at 2.63 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of -32.1% over past five years.
- Company has a low return on equity of 13.4% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.23.9 Cr.
- Working capital days have increased from 800 days to 1,484 days

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -95% | -22% | 37% |
| revenue growth | -2% | -57% | -32% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 258.57 | 289.04 | 16.36 | 16.42 | 384.11 | 15.26 | 38.22 | 28.88 | 27.32 | 27.44 | 29.28 | 23.31 |
| Expenses | 211.6 | 236.71 | 19.18 | 23.14 | 296.47 | 11.19 | 27.31 | 24.35 | 18.64 | 19.12 | 22.2 | 15.71 |
| Operating Profit | 46.97 | 52.33 | -2.82 | -6.72 | 87.64 | 4.07 | 10.91 | 4.53 | 8.68 | 8.32 | 7.08 | 7.6 |
| OPM % | 18.17 | 18.1 | -17.24 | -40.93 | 22.82 | 26.67 | 28.55 | 15.69 | 31.77 | 30.32 | 24.18 | 32.6 |
| Other Income | 4.77 | -22.35 | 23.35 | 44.9 | 4.89 | 28.98 | 59.75 | 327.7 | 6.24 | 5.93 | 6.36 | 5.41 |
| Interest | 16.02 | 14.19 | 5.28 | 4.12 | 11.68 | 4.25 | 4.2 | 4.26 | 3.54 | 5.45 | 4.53 | 5.1 |
| Depreciation | 12.07 | 12.09 | 3.36 | 3.56 | 13.19 | 3.78 | 3.8 | 3.49 | 3.88 | 3.86 | 3.45 | 3.72 |
| Profit before tax | 23.65 | 3.7 | 11.89 | 30.5 | 67.66 | 25.02 | 62.66 | 324.48 | 7.5 | 4.94 | 5.46 | 4.19 |
| Tax % | 44.78 | 159.73 | -6.48 | -10.16 | 31.94 | -2.24 | 2.14 | -0.4 | 15.33 | 26.32 | 28.94 | 25.54 |
| Net Profit | 13.06 | -2.21 | 12.66 | 33.59 | 46.05 | 25.58 | 61.32 | 325.78 | 6.35 | 3.65 | 3.88 | 3.11 |
| EPS in Rs | 0.29 | -0.78 | 0.14 | 0.88 | 1.61 | 0.82 | 2.23 | 21.74 | 0.43 | 0.23 | 0.27 | 0.26 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 700 | 721 | 742 | 932 | 1391 | 73 | 109 | 107 |
| Expenses | 625 | 687 | 693 | 904 | 1215 | 66 | 75 | 76 |
| Operating Profit | 76 | 34 | 49 | 29 | 177 | 7 | 34 | 32 |
| OPM % | 11 | 4.8 | 7 | 3.1 | 13 | 10 | 31 | 30 |
| Other Income | 5 | 10 | 8 | 13 | 7 | 73 | 455 | 24 |
| Interest | 34 | 33 | 23 | 42 | 71 | 17 | 17 | 19 |
| Depreciation | 19 | 20 | 23 | 30 | 46 | 13 | 15 | 15 |
| Profit before tax | 27 | -8 | 11 | -31 | 67 | 50 | 458 | 22 |
| Tax % | 29 | -20 | 70 | -5 | 34 | -15 | 0 | 23 |
| Net Profit | 19 | -7 | 3 | -29 | 44 | 57 | 459 | 17 |
| EPS in Rs | 1.78 | -0.48 | 0.25 | -1.58 | 2.55 | 0.52 | 26.39 | 1.19 |
| Dividend Payout % | 28 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 53 | 69 | 73 | 147 | 147 | 147 | 147 | 147 |
| Reserves | 157 | 262 | 342 | 691 | 728 | 736 | 1046 | 1063 |
| Borrowings | 282 | 325 | 679 | 573 | 596 | 543 | 317 | 862 |
| Other Liabilities | 77 | 136 | 499 | 483 | 405 | 466 | 148 | 154 |
| Total Liabilities | 569 | 792 | 1593 | 1894 | 1875 | 1892 | 1657 | 2226 |
| Fixed Assets | 270 | 323 | 309 | 598 | 1266 | 1318 | 928 | 1427 |
| CWIP | 22 | 16 | 236 | 6 | 1 | 26 | 0 | 0 |
| Investments | 0 | 174 | 148 | 101 | 132 | 49 | 218 | 160 |
| Other Assets | 277 | 279 | 900 | 1189 | 476 | 499 | 511 | 639 |
| Total Assets | 569 | 792 | 1593 | 1894 | 1875 | 1892 | 1657 | 2226 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 82 | 63 | -390 | -162 | 233 | 133 | 34 | -456 |
| Cash from Investing Activity | -51 | -220 | -152 | -131 | -172 | -42 | -131 | -52 |
| Cash from Financing Activity | -31 | 146 | 547 | 293 | -57 | -93 | 92 | 521 |
| Net Cash Flow | 1 | -11 | 4 | 1 | 5 | -2 | -5 | 13 |
| Free Cash Flow | 30 | 14 | -600 | -249 | 92 | 6 | -107 | -979 |
| CFO/OP | 119 | 196 | -755 | -550 | 141 | 2249 | 121 | -1339 |

### Ratios

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 77 | 58 | 54 | 59 | 34 | 658 | 24 | 20 |
| Inventory Days | 45 | 99 | 481 | 423 | 58 | 3905 | 202 | 6553 |
| Days Payable | 43 | 65 | 113 | 91 | 51 | 2910 | 382 | 458 |
| Cash Conversion Cycle | 79 | 91 | 422 | 391 | 41 | 1653 | -156 | 6115 |
| Working Capital Days | 33 | 14 | 24 | 171 | -42 | 918 | -1 | 1484 |
| ROCE % | — | 4 | 4 | 1 | 9 | 6 | 30 | 2 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Jun 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 35.17% | 38.14% | 47.15% | 49.68% | 49.68% | 49.57% | 49.52% | 49.51% |
| FIIs | 4.13% | 3.05% | 8.12% | 7.56% | 7.34% | 7.63% | 30.18% | 30.22% |
| DIIs | 25.01% | 23.11% | 23.42% | 23.32% | 23.24% | 21.31% | 0% | 0% |
| Public | 35.7% | 35.7% | 21.32% | 19.44% | 19.74% | 21.48% | 20.3% | 20.26% |
| No. of Shareholders | 41152 | 38669 | 36550 | 33517 | 31841 | 32602 | 29088 | 28511 |

### Quarterly

| Category | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 49.68% | 49.68% | 49.68% | 49.66% | 49.65% | 49.6% | 49.57% | 49.54% | 49.53% | 49.52% | 49.52% | 49.51% |
| FIIs | 7.79% | 7.79% | 7.34% | 7.41% | 7.42% | 7.46% | 7.63% | 7.55% | 29.58% | 30.03% | 30.18% | 30.22% |
| DIIs | 23.24% | 23.24% | 23.24% | 23.08% | 22.47% | 21.77% | 21.31% | 21.28% | 0% | 0% | 0% | 0% |
| Public | 19.3% | 19.29% | 19.74% | 19.85% | 20.46% | 21.17% | 21.48% | 21.64% | 20.89% | 20.46% | 20.3% | 20.26% |
| No. of Shareholders | 33676 | 32644 | 31841 | 31873 | 30851 | 31632 | 32602 | 32041 | 30321 | 29328 | 29088 | 28511 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 12 / 4 / 3

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 200.46 | Buy |
| EMA (10) | 203.89 | Buy |
| SMA (20) | 201.24 | Buy |
| EMA (20) | 201.99 | Buy |
| SMA (50) | 201.75 | Buy |
| EMA (50) | 196.34 | Buy |
| SMA (100) | 176.38 | Buy |
| EMA (100) | 183.82 | Buy |
| SMA (200) | 161.83 | Buy |
| EMA (200) | 165.86 | Buy |

### Oscillators — summary: **Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 67.09 | Neutral |
| MACD (12,26,9) | 1.89 | Buy |
| Stochastic (14,3,3) | 84.2 | Sell |
| ADX (14) | 21.15 | Neutral |
| Williams %R (14) | -19.27 | Sell |
| ATR (14) | 8.41 | High Volatility |
| ROC (12) | 10.51 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 49.29 | Neutral |

## Filings & Documents

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Sep 2019 | [Concall - Sep 2019](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f70eba91-846d-4774-a4cd-7a298acf01c2.pdf) |
| Sep 2019 | [Concall - Sep 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f70eba91-846d-4774-a4cd-7a298acf01c2.pdf) |
| Oct 2022 | [Concall - Oct 2022](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b60e0378-bf43-4199-a76f-81096963eac6.pdf) |
| Oct 2022 | [Concall - Oct 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b60e0378-bf43-4199-a76f-81096963eac6.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5484c2e3-9b0b-4097-b9de-045446874007.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5484c2e3-9b0b-4097-b9de-045446874007.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=07d76de8-468f-4ef5-9db0-cf2fc35a7f51.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/07d76de8-468f-4ef5-9db0-cf2fc35a7f51.pdf) |
| Nov 2020 | [Concall - Nov 2020](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=dfec3e9f-853b-42d1-82d4-99c78ae21bdc.pdf) |
| Nov 2020 | [Concall - Nov 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/dfec3e9f-853b-42d1-82d4-99c78ae21bdc.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/539940/74022539940.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/539940/70333539940.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/539940/67983539940.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/539940/5399400319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/539940/5399400318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/539940/5399400317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/539940/5399400316.pdf) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR_NA_BSE/2013/5399400313.PDF) |
| from bse | [Annual Report 2012 from bse](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR_NA_BSE/2012/5399400312.PDF) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:26:23.276Z.