Max India Limited (MAXIND) - Net Assets

Latest as of September 2025: Rs4.67 Billion INR ≈ $50.52 Million USD

Based on the latest financial reports, Max India Limited (MAXIND) has net assets worth Rs4.67 Billion INR (≈ $50.52 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs8.38 Billion ≈ $90.61 Million USD) and total liabilities (Rs3.71 Billion ≈ $40.09 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how resilient are Max India Limited's assets to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs4.67 Billion
% of Total Assets	55.75%
Annual Growth Rate	-12.66%
5-Year Change	-45.09%
10-Year Change	N/A
Growth Volatility	16.2

Max India Limited - Net Assets Trend (2016–2025)

This chart illustrates how Max India Limited's net assets have evolved over time, based on quarterly financial data. Also explore how large is Max India Limited's balance sheet for the complete picture of this company's asset base.

Annual Net Assets for Max India Limited (2016–2025)

The table below shows the annual net assets of Max India Limited from 2016 to 2025. For live valuation and market cap data, see MAXIND market cap overview.

Year	Net Assets	Change
2025-03-31	Rs3.59 Billion ≈ $38.79 Million	-27.15%
2024-03-31	Rs4.92 Billion ≈ $53.25 Million	-9.18%
2023-03-31	Rs5.42 Billion ≈ $58.63 Million	-14.91%
2022-03-31	Rs6.37 Billion ≈ $68.90 Million	-2.46%
2021-03-31	Rs6.53 Billion ≈ $70.64 Million	-7.42%
2020-03-31	Rs7.06 Billion ≈ $76.31 Million	-45.00%
2019-03-31	Rs12.83 Billion ≈ $138.74 Million	-9.71%
2018-03-31	Rs14.21 Billion ≈ $153.66 Million	+1.91%
2017-03-31	Rs13.94 Billion ≈ $150.77 Million	+14.92%
2016-03-31	Rs12.13 Billion ≈ $131.20 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Max India Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 143547600000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Common Stock	Rs435.90 Million	12.15%
Other Comprehensive Income	Rs5.29 Billion	147.52%
Other Components	Rs102.59 Million	2.86%
Total Equity	Rs3.59 Billion	100.00%

Max India Limited Competitors by Market Cap

The table below lists competitors of Max India Limited ranked by their market capitalization.

Company	Market Cap
Tambun Indah Land Bhd KLSE:5191	$88.24 Million
GIC Housing Finance Limited NSE:GICHSGFIN	$88.24 Million
CSP Inc NASDAQ:CSPI	$88.33 Million
Taiwan Chelic Corp Ltd TW:4555	$88.34 Million
ULMA Construccion Polska SA WAR:ULM	$88.23 Million
Medipower -M TA:MDPR	$88.21 Million
Imaflex Inc V:IFX	$88.17 Million
Kellton Tech Solutions Limited NSE:KELLTONTEC	$88.13 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Max India Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 4,923,433,000 to 3,586,900,000, a change of -1,336,533,000 (-27.1%).
Net loss of 1,403,900,000 reduced equity.
New share issuances of 27,900,000 increased equity.
Other comprehensive income increased equity by 29,347,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rs-1.40 Billion	-39.14%
Share Issuances	Rs27.90 Million	+0.78%
Other Comprehensive Income	Rs29.35 Million	+0.82%
Other Changes	Rs10.12 Million	+0.28%
Total Change	Rs-	-27.15%

Book Value vs Market Value Analysis

This analysis compares Max India Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 1.87x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has increased from 0.72x to 1.87x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2016-03-31	Rs214.43	Rs155.34	x
2017-03-31	Rs235.77	Rs155.34	x
2018-03-31	Rs239.76	Rs155.34	x
2019-03-31	Rs217.57	Rs155.34	x
2020-03-31	Rs131.18	Rs155.34	x
2021-03-31	Rs121.44	Rs155.34	x
2022-03-31	Rs118.03	Rs155.34	x
2023-03-31	Rs113.53	Rs155.34	x
2024-03-31	Rs114.20	Rs155.34	x
2025-03-31	Rs83.08	Rs155.34	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Max India Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): -39.14%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -96.49%
• Asset Turnover: 0.23x
• Equity Multiplier: 1.76x
Recent ROE (-39.14%) is below the historical average (-4.70%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2016	-5.60%	-6.62%	0.40x	2.12x	Rs-1.80 Billion
2017	-3.64%	-3.21%	0.61x	1.87x	Rs-1.73 Billion
2018	-3.29%	-18.78%	0.10x	1.82x	Rs-1.71 Billion
2019	-7.37%	-57.63%	0.06x	2.00x	Rs-2.03 Billion
2020	36.09%	139.03%	0.18x	1.45x	Rs1.84 Billion
2021	-8.13%	-43.94%	0.12x	1.53x	Rs-1.18 Billion
2022	-2.53%	-9.54%	0.20x	1.34x	Rs-798.46 Million
2023	-1.92%	-4.89%	0.28x	1.39x	Rs-646.10 Million
2024	-11.45%	-35.73%	0.23x	1.39x	Rs-1.06 Billion
2025	-39.14%	-96.49%	0.23x	1.76x	Rs-1.76 Billion

Industry Comparison

This section compares Max India Limited's net assets metrics with peer companies in the Medical Care Facilities industry.

Industry Context

Industry: Medical Care Facilities
Average net assets among peers: $20,093,383,222
Average return on equity (ROE) among peers: 6.73%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Max India Limited (MAXIND)	Rs4.67 Billion	-5.60%	0.79x	$88.24 Million
Apollo Hospitals Enterprise Limited (APOLLOHOSP)	$25.19 Billion	8.42%	0.70x	$11.87 Billion
Aster DM Healthcare Limited (ASTERDM)	$31.90 Billion	8.43%	1.35x	$3.92 Billion
GPT Healthcare Ltd (GPTHEALTH)	$2.48 Billion	20.14%	0.55x	$122.84 Million
Healthcare Global Enterprises Limited (HCG)	$4.90 Billion	4.52%	1.50x	$873.06 Million
Jupiter Life Line Hospitals Limited (JLHL)	$2.88 Billion	17.73%	2.15x	$869.25 Million
Krishna Institute of Medical Sciences Limited (KIMS)	$5.67 Billion	-8.43%	0.98x	$2.89 Billion
Lotus Eye Hospital and Institute Limited (LOTUSEYE)	$509.11 Million	-4.42%	0.10x	$26.73 Million
Max Healthcare Institute Limited (MAXHEALTH)	$93.81 Billion	11.47%	0.62x	$10.45 Billion
Global Health Limited (MEDANTA)	$13.50 Billion	2.69%	0.98x	$3.25 Billion

About Max India Limited

NSE:MAXIND India Medical Care Facilities

Market Cap

$88.24 Million

Rs8.16 Billion INR

Market Cap Rank

#19657 Global

#1065 in India

Share Price

Rs155.34

Change (1 day)

-0.20%

52-Week Range

Rs122.85 - Rs224.11

All Time High

Rs329.60