Max India balance sheet

As of Mar 2026

Total assets: ₹669cr+5.8% on Mar 2025
Shareholders' equity: ₹408cr+13.8% on Mar 2025
Total debt: ₹1.8cr+22.4% on Mar 2025
Cash and investments: ₹43.9cr−22.2% on Mar 2025

₹ crore except per share

Tap a line for its trend	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Current assets
Non-current assets					FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	96.7	55.9	71.8	71.0
	2.3	20.7	9.7	0.0
	—	—	67.6	68.2
	0.1	0.1	0.1	0.1
	97.7	114	53.5	20.0
	16.7	19.6	11.7	18.7
	31.8	25.7	23.1	43.3
	36.4	36.3	96.8	8.7
	84.9	81.7	132	70.7
	1.5	—	0.0	0.0
	5.5	5.0	6.8	61.6
	289	277	341	291
	15.5	16.6	6.1	51.0
	17.3	33.7	51.7	64.8
	37.1	22.2	4.9	2.9
	26.6	22.7	116	88.7
	50.5	86.8	93.0	4.2
	176	0.0	0.0	0.0
	16.3	44.5	39.3	232
	324	210	305	392
	40.3	33.8	25.1	9.0
	381	261	343	462
	—	95.1	0.0	0.0
	669	633	684	753
Equity
	52.5	43.6	43.2	43.0
	356	315	449	499
	408	359	492	542
	408	359	492	542
Liabilities
	1.1	0.9	0.8	22.3
	87.0	98.4	41.6	18.7
	88.1	99.3	42.4	41.0
	11.1	8.6	9.6	7.8
	0.0	1.0	1.1	1.0
	99.2	109	53.2	49.8
	0.7	0.5	0.4	0.1
	34.2	31.0	23.5	13.3
	115	117	107	97.3
	150	149	131	111
	3.8	1.9	0.9	0.3
	0.4	0.1	0.2	2.2
	7.8	14.4	7.1	48.3
	162	165	139	161
	261	274	192	211
	669	633	684	753
Assets — additional as-filed lines
	0.5	0.2	7.1	9.5
Trade payables — MSME split
	4.6	2.6	—	—
	29.7	28.4	—	—

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

MAXIND₹150.26

Max India Limited

· Banking & Finance

₹ CrorePeersHEXATRADEX VLSFINANCE BLAL JINDALPHOT AFSL JPOLYINVST VHL STELMcap ₹789 Cr

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In ₹ Crore except Per Share As of	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/06/2026
Non-current Assets
+ Property, Plant & Equipment	71.0	71.8	55.9	96.7	96.7
+ Capital Work-in-Progress	0.0	9.7	20.7	2.3	2.3
+ Investment Property	68.2	67.6	—	—	—
+ Goodwill	0.1	0.1	0.1	0.1	0.1
+ Other Intangibles	20.0	53.5	113.8	97.7	97.7
+ Non-current Investments	18.7	11.7	19.6	16.7	16.7
+ Long-term Loans	43.3	23.1	25.7	31.8	31.8
+ Other Non-current Financial Assets	8.7	96.8	36.3	36.4	36.4
Non-current Financial Assets	70.7	131.6	81.7	84.9	84.9
+ Deferred Tax Assets	0.0	0.0	—	1.5	1.5
+ Other Non-current Assets	61.6	6.8	5.0	5.5	5.5
Total Non-current Assets	291.5	341.1	277.2	288.7	288.7
Current Assets
+ Inventories	51.0	6.1	16.6	15.5	15.5
+ Current Investments	64.8	51.7	33.7	17.3	17.3
+ Trade Receivables	2.9	4.9	22.2	37.1	37.1
+ Cash & Cash Equivalents	88.7	116.0	22.7	26.6	26.6
+ Other Bank Balances	4.2	93.0	86.8	50.5	50.5
+ Short-term Loans	0.0	0.0	0.0	176.4	176.4
+ Other Current Financial Assets	231.9	39.3	44.5	16.3	16.3
Current Financial Assets	392.5	305.0	209.9	324.2	324.2
+ Other Current Assets	9.0	25.1	33.8	40.3	40.3
Total Current Assets	461.9	343.3	260.5	380.6	380.6
+ Assets Held for Sale	0.0	0.0	95.1	—	—
Total Assets	753.4	684.3	632.9	669.3	669.3
Equity
+ Equity Share Capital	43.0	43.2	43.6	52.5	52.5
+ Other Equity / Reserves	499.1	449.2	315.1	355.8	355.8
Equity — Owners of Parent	542.1	492.3	358.7	408.3	408.3
Total Equity	542.1	492.3	358.7	408.3	408.3
Liabilities
+ Borrowings — Non-current	22.3	0.8	0.9	1.1	1.1
+ Other Non-current Financial Liab	18.7	41.6	98.4	87.0	87.0
Non-current Financial Liabilities	41.0	42.4	99.3	88.1	88.1
+ Provisions — Non-current	7.8	9.6	8.6	11.1	11.1
+ Deferred Tax Liabilities	1.0	1.1	1.0	0.0	0.0
Non-current Liabilities	49.8	53.2	108.9	99.2	99.2
+ Borrowings — Current	0.1	0.4	0.5	0.7	0.7
+ Trade Payables	13.3	23.5	31.0	34.2	34.2
+ Other Current Financial Liab	97.3	106.8	117.4	114.8	114.8
Current Financial Liabilities	110.7	130.7	148.9	149.7	149.7
+ Provisions — Current	0.3	0.9	1.9	3.8	3.8
+ Current Tax Liabilities	2.2	0.2	0.1	0.4	0.4
+ Other Current Liabilities	48.3	7.1	14.4	7.8	7.8
Current Liabilities	161.5	138.8	165.3	161.7	161.7
Total Liabilities	211.3	192.0	274.2	261.0	261.0
Total Equity & Liabilities	753.4	684.3	632.9	669.3	669.3
Assets — additional as-filed lines
+ Current Tax Assets	9.5	7.1	0.2	0.5	0.5
Trade Payables — MSME split
+ Dues to Micro & Small — Current	—	—	2.6	4.6	4.6
+ Dues to Other Creditors — Current	—	—	28.4	29.7	29.7

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

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Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.