Maximus International Ltd

Maximus International Ltd

₹ 17.7 -4.98%
22 Nov - close price
About

Maximus International is a manufacturer and distributor of Lubricants, Lube Base Oils, and other petrochemical products used in industries such as automotive, metalworking, refrigeration, electrical, paint & ink industries.[1]

Key Points

Part of Optimus Finance Ltd[1] Maximus International Limited (MIL) is a subsidiary of Optimus Finance Limited (BSE Listed), a Vadodara-based non-banking finance company registered with the Reserve Bank of India.

  • Market Cap 241 Cr.
  • Current Price 17.7
  • High / Low 30.4 / 15.4
  • Stock P/E 25.2
  • Book Value 4.88
  • Dividend Yield 0.00 %
  • ROCE 18.2 %
  • ROE 21.6 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 33.3% CAGR over last 5 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Earnings include an other income of Rs.4.76 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Trading Industry: Trading

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
15.47 15.22 19.04 22.25 28.73 23.79 24.97 21.26 24.76 25.85 36.96 39.22 35.84
13.69 13.69 17.40 20.73 26.17 22.20 21.36 19.41 22.78 22.29 36.59 36.14 32.36
Operating Profit 1.78 1.53 1.64 1.52 2.56 1.59 3.61 1.85 1.98 3.56 0.37 3.08 3.48
OPM % 11.51% 10.05% 8.61% 6.83% 8.91% 6.68% 14.46% 8.70% 8.00% 13.77% 1.00% 7.85% 9.71%
0.27 0.16 0.55 1.62 0.45 0.99 -1.52 0.17 0.13 0.23 3.78 0.37 0.38
Interest 0.40 0.27 0.34 0.37 0.44 0.50 0.33 0.37 0.53 0.53 0.85 0.61 0.87
Depreciation 0.31 0.31 0.31 0.31 0.33 0.33 0.31 0.31 0.32 0.36 0.36 0.41 0.41
Profit before tax 1.34 1.11 1.54 2.46 2.24 1.75 1.45 1.34 1.26 2.90 2.94 2.43 2.58
Tax % 11.94% 8.11% 10.39% 13.41% 8.93% -1.71% 7.59% -0.75% -1.59% 10.69% 5.78% 12.76% 17.05%
1.18 1.03 1.38 2.13 2.04 1.78 1.34 1.35 1.28 2.59 2.77 2.12 2.14
EPS in Rs 0.08 0.07 0.10 0.14 0.16 0.14 0.11 0.11 0.10 0.20 0.22 0.17 0.16
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
33 57 31 52 69 100 109 138
31 55 28 47 63 90 101 127
Operating Profit 2 3 3 6 6 9 8 10
OPM % 5% 5% 10% 11% 9% 9% 7% 8%
0 1 1 1 1 2 4 5
Interest 0 0 1 1 1 2 2 3
Depreciation 0 0 0 1 1 1 1 2
Profit before tax 2 3 3 4 5 8 8 11
Tax % 9% 7% 12% 11% 10% 8% 5%
1 2 3 4 5 7 8 10
EPS in Rs 0.12 0.15 0.20 0.25 0.33 0.55 0.63 0.75
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 14%
3 Years: 28%
TTM: 45%
Compounded Profit Growth
10 Years: %
5 Years: 33%
3 Years: 36%
TTM: 67%
Stock Price CAGR
10 Years: %
5 Years: 33%
3 Years: 23%
1 Year: 1%
Return on Equity
10 Years: %
5 Years: 19%
3 Years: 21%
Last Year: 22%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 6 13 13 13 13 13 13 14
Reserves 7 4 7 9 14 19 28 53
2 1 5 7 7 9 18 15
3 4 18 18 22 36 24 41
Total Liabilities 18 22 43 46 54 77 82 122
3 3 12 11 10 10 10 11
CWIP 0 0 0 0 1 1 1 2
Investments 2 2 2 1 0 0 0 0
13 17 28 33 44 67 71 110
Total Assets 18 22 43 46 54 77 82 122

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3 2 -8 7 -2 2 -8
-11 -1 -3 -2 2 -2 0
4 -1 11 -5 -0 1 6
Net Cash Flow -3 0 -0 0 -0 1 -2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 29 34 152 97 125 157 147
Inventory Days 0 0 89 54 31 31 26
Days Payable 102 50 72 94 42
Cash Conversion Cycle 29 34 138 101 84 93 131
Working Capital Days 19 21 176 142 122 123 173
ROCE % 23% 15% 15% 17% 21% 18%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
63.63% 63.63% 63.63% 63.63% 63.63% 63.63% 63.63% 62.65% 62.31% 62.31% 61.45% 61.45%
36.37% 36.37% 36.37% 36.37% 36.37% 36.36% 36.36% 37.35% 37.68% 37.69% 38.55% 38.55%
No. of Shareholders 76576471414,30931,56331,04830,98930,11930,57633,71632,53531,650

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