Max Ventures and Industries Ltd

Max Ventures and Industries Ltd

₹ 216 4.14%
10 Aug 2023
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]

Key Points

Corporate Overview
The company primarily undertakes business in the real estate industry through its subsidiaries :-

  • Market Cap 3,181 Cr.
  • Current Price 216
  • High / Low /
  • Stock P/E 141
  • Book Value 86.7
  • Dividend Yield 0.00 %
  • ROCE 2.20 %
  • ROE 1.79 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -25.5% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 13.0% over last 3 years.
  • Earnings include an other income of Rs.27.7 Cr.
  • Debtor days have increased from 27.8 to 46.9 days.
  • Working capital days have increased from 941 days to 2,420 days

* 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: Finance Industry: Finance & Investments

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
9 10 9 5 5 5 5 5 4 5 5 6 9
5 4 4 4 4 4 4 5 5 6 6 4 4
Operating Profit 4 6 6 2 1 1 1 0 -0 -1 -1 2 4
OPM % 46% 62% 61% 30% 12% 14% 20% 4% -4% -23% -21% 34% 50%
1 0 0 0 1 0 0 0 488 5 4 5 13
Interest 1 1 1 1 1 1 1 1 1 1 1 1 1
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 4 5 4 0 -1 -1 -0 -1 486 2 1 5 16
Tax % 26% 20% 20% -7% -16% -15% -29% -6% 21% 23% 23% 18% 2%
3 4 3 0 -1 -1 -0 -1 386 2 1 4 16
EPS in Rs 0.18 0.26 0.23 0.02 -0.04 -0.05 -0.02 -0.09 26.26 0.11 0.07 0.28 1.07
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
10 15 104 34 38 31 508 24
7 15 27 22 17 16 18 20
Operating Profit 3 -1 77 12 21 16 490 4
OPM % 34% -3% 74% 36% 56% 50% 96% 18%
0 0 0 0 0 0 -0 28
Interest 0 2 0 1 3 3 3 4
Depreciation 0 0 0 0 3 4 4 4
Profit before tax 3 -3 77 11 15 9 483 25
Tax % 11% 8% 22% 19% 24% 19% 21% 8%
3 -3 60 9 11 7 383 23
EPS in Rs 0.27 -0.21 4.10 0.61 0.78 0.48 26.10 1.54
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -26%
3 Years: -14%
TTM: -95%
Compounded Profit Growth
10 Years: %
5 Years: -18%
3 Years: 26%
TTM: -94%
Stock Price CAGR
10 Years: %
5 Years: 42%
3 Years: 18%
1 Year: %
Return on Equity
10 Years: %
5 Years: 9%
3 Years: 13%
Last Year: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 134 236 319 700 712 720 1,105 1,128
0 56 0 0 27 30 28 37
3 11 7 9 11 11 32 14
Total Liabilities 190 371 399 856 896 907 1,312 1,327
0 0 1 1 31 33 30 17
CWIP 0 0 0 4 0 0 0 0
Investments 167 354 325 606 622 813 854 1,214
22 17 73 245 242 61 428 96
Total Assets 190 371 399 856 896 907 1,312 1,327

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-3 -5 -28 -4 29 15 -80 -19
14 -187 -100 -438 -23 -15 85 24
0 181 128 445 -4 -4 -4 -5
Net Cash Flow 11 -11 0 3 2 -4 1 -1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 122 44 15 80 55 35 1 47
Inventory Days
Days Payable
Cash Conversion Cycle 122 44 15 80 55 35 1 47
Working Capital Days 74 282 210 1,270 1,795 379 24 2,420
ROCE % -0% 20% 2% 2% 1% 45% 2%

Shareholding Pattern

Numbers in percentages

Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
49.68% 49.68% 49.68% 49.66% 49.65% 49.60% 49.57% 49.54% 49.53% 49.52% 49.52% 49.51%
7.79% 7.79% 7.34% 7.41% 7.42% 7.46% 7.63% 7.55% 29.58% 30.03% 30.18% 30.22%
23.24% 23.24% 23.24% 23.08% 22.47% 21.77% 21.31% 21.28% 0.00% 0.00% 0.00% 0.00%
19.30% 19.29% 19.74% 19.85% 20.46% 21.17% 21.48% 21.64% 20.89% 20.46% 20.30% 20.26%
No. of Shareholders 33,67632,64431,84131,87330,85131,63232,60232,04130,32129,32829,08828,511

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Concalls