Max India Limited (NSE:MAXIND)

Max India Balance Sheet

Financials in millions INR. Fiscal year is April - March.

Assets

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Cash & Equivalents	265.83	226.95	1,160	887.27	137.82
Short-Term Investments	626.98	868.25	1,284	2,313	2,270
Trading Asset Securities	173.07	337.16	517.34	647.96	1,576
Cash & Short-Term Investments	1,066	1,432	2,961	3,848	3,984
Cash Growth	-25.59%	-51.63%	-23.04%	-3.42%	-10.69%
Accounts Receivable	372.24	224.14	53.15	36.39	64.93
Other Receivables	24.32	19.4	22.43	31.79	18.87
Receivables	2,161	243.54	75.86	68.19	83.8
Inventory	155.18	166.41	61.26	510.11	1,304
Prepaid Expenses	10.64	16.8	10.57	11.82	6.8
Other Current Assets	412.99	1,696	323.32	153.17	113.25
Total Current Assets	3,806	3,555	3,432	4,591	5,492
Property, Plant & Equipment	1,828	1,738	1,218	906.63	895.4
Long-Term Investments	166.67	196.13	117.25	259.19	199.33
Goodwill	1.21	1.21	1.21	1.21	1.21
Other Intangible Assets	138.3	165.59	131.54	2.48	2.53
Long-Term Deferred Tax Assets	15.36	-	-	-	12.77
Other Long-Term Assets	418.81	413.85	1,713	1,340	1,403
Total Assets	6,693	6,327	6,843	7,534	8,583

Liabilities

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Accounts Payable	342.37	309.79	235.42	109.02	95.12
Accrued Expenses	176.68	243.47	160.28	72.23	37.77
Short-Term Debt	-	-	3.66	0.76	13.82
Current Portion of Long-Term Debt	6.56	4.89	-	-	-
Current Portion of Leases	84.51	59.21	40.9	43.52	24.46
Current Income Taxes Payable	4.38	1.04	1.55	22.05	0.21
Current Unearned Revenue	-	52.54	-	-	-
Other Current Liabilities	1,003	980.14	946.58	1,367	1,360
Total Current Liabilities	1,617	1,651	1,388	1,614	1,532
Long-Term Debt	10.91	9.38	8.19	223.37	389.81
Long-Term Leases	860.11	949.52	382.9	185.3	179.53
Pension & Post-Retirement Benefits	74.04	59.25	66.95	51.05	43.07
Long-Term Deferred Tax Liabilities	-	10.31	11.42	10.03	-
Other Long-Term Liabilities	47.39	60.63	62.14	28.79	25.2
Total Liabilities	2,610	2,740	1,920	2,113	2,169

Shareholders' Equity

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Common Stock	525.23	435.89	431.71	430.29	537.86
Additional Paid-In Capital	1,324	102.61	63.9	51.14	51.14
Retained Earnings	-3,461	-2,243	-839.01	-270.25	-166.45
Comprehensive Income & Other	5,695	5,291	5,267	5,210	5,991
Total Common Equity	4,083	3,587	4,923	5,421	6,414
Shareholders' Equity	4,083	3,587	4,923	5,421	6,414
Total Liabilities & Equity	6,693	6,327	6,843	7,534	8,583

Additional Metrics

Fiscal Year	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Mar 31, 2026	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022
Total Debt	962.08	1,023	435.65	452.95	607.63
Net Cash (Debt)	103.79	409.37	2,526	3,395	3,377
Net Cash Growth	-74.64%	-83.79%	-25.60%	0.55%	12.08%
Net Cash Per Share	2.01	9.05	58.59	71.37	62.78
Filing Date Shares Outstanding	52.52	52.2	43.17	43.03	53.79
Total Common Shares Outstanding	52.52	43.59	43.17	43.03	53.79
Working Capital	2,188	1,904	2,044	2,977	3,960
Book Value Per Share	77.74	82.29	114.05	125.99	119.24
Tangible Book Value	3,944	3,420	4,791	5,417	6,410
Tangible Book Value Per Share	75.08	78.46	110.97	125.90	119.17
Land	192.38	192.38	192.38	192.38	192.38
Buildings	515.28	515.28	821.17	821.17	821.17
Machinery	518.04	387.58	357.72	316.82	293.34
Construction In Progress	22.76	206.9	96.82	-	-
Leasehold Improvements	483.75	151.11	33.19	40.16	39.25

Data Source: S&P Global Market Intelligence Last updated: Mar 31, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Jul 29, 2026

Data Sources Report a data error