Max India Limited (MAXIND) — Defensive Interval Ratio

Latest as of March 2026: 522 days

Max India Limited (MAXIND) has a Defensive Interval Ratio of 522 days as of March 2026. Defensive assets of Rs2.31 Billion (cash Rs-, short-term investments Rs173.10 Million, receivables Rs2.14 Billion) cover 522 days of daily cash needs of Rs4.43 Million/day.

Defensive Interval Ratio

522 days
Days of operational coverage

Defensive Assets

Rs2.31 Billion
Cash + ST Investments + Receivables

Daily Cash Need

Rs4.43 Million
Current Liabilities ÷ 365

Current Liabilities

Rs1.62 Billion
INR

Max India Limited Defensive Interval Ratio (2016–2026)

This chart shows how Max India Limited's Defensive Interval Ratio has evolved across 11 annual periods from 2016 to 2026. As of March 2026, the ratio stands at 522 days, meaning defensive assets of Rs2.31 Billion can fund 522 days of operations without new revenue. For the complete balance sheet picture, see total assets of Max India Limited.

Annual Defensive Interval Ratio for Max India Limited (2016–2026)

The table below presents the year-by-year Defensive Interval Ratio for Max India Limited from 2016 to 2026, covering 11 annual filings. Each row shows defensive assets, daily cash need, the DIR in days, and the change in days compared to the prior year. See MAXIND net working capital ratio to evaluate short-term liquidity relative to the company's equity base.

Year DIR (days) Defensive Assets (INR) Daily Cash Need Cash ST Investments Change (days)
2026 522 days Rs2.31 Billion Rs4.43 Million/day Rs- Rs173.10 Million ▲ +398 days
2025 124 days Rs560.80 Million Rs4.53 Million/day Rs- Rs337.20 Million ▼ -365 days
2024 489 days Rs1.86 Billion Rs3.80 Million/day Rs- Rs1.81 Billion ▼ -197 days
2023 687 days Rs3.04 Billion Rs4.42 Million/day Rs- Rs2.97 Billion ▼ -250 days
2022 937 days Rs3.93 Billion Rs4.20 Million/day Rs- Rs3.85 Billion ▲ +227 days
2021 710 days Rs4.40 Billion Rs6.19 Million/day Rs- Rs4.23 Billion ▼ -246 days
2020 956 days Rs4.23 Billion Rs4.43 Million/day Rs- Rs4.23 Billion ▲ +926 days
2019 29 days Rs687.29 Million Rs23.51 Million/day Rs- Rs370.56 Million ▼ -224 days
2018 254 days Rs4.87 Billion Rs19.18 Million/day Rs- Rs3.79 Billion ▼ -34 days
2017 288 days Rs6.19 Billion Rs21.49 Million/day Rs- Rs5.57 Billion ▲ +15 days
2016 273 days Rs4.93 Billion Rs18.08 Million/day Rs- Rs3.75 Billion —
DIR = (Cash + Short-term Investments + Net Receivables) / (Daily Cash Expenses)