Maxgrow India Limited

BSE: MAXGROW · Gems, Jewellery And Watches · sector

₹191.45BSE close 2026-10-26

Key numbers

Market cap₹765 cr

Price₹191.45

52w high / low₹208 / ₹24

P/E1.0xSector median 16.4x

P/B0.4xSector median 1.9x

Book value₹518.8

Dividend yield–Sector median 0.46%

ROE39.2%Sector median 14.7%

ROCE33.4%Sector median 15.0%

OPM2.1%Sector median 6.6%

Debt / equity0.00xSector median 0.26x

EV/EBITDA1.1xSector median 15.4x

Interest cover7,184.0x

Current ratio3.24x

Sales growth 3y–Sector median +25.6%

Profit growth 3y–Sector median +26.1%

PEG–

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 82 companies in Gems, Jewellery And Watches (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹9 cr vs borrowings ₹2 cr (FY26): cash is higher (net cash).
Operating profit covered interest 7,184.0x in the last 12 months.
Net loss in 1 of the last 7 quarters.
Other income was 0% of net profit in the last 12 months.
No dividend in the last 5 financial years.
Price ₹191.45 on 2026-10-26: -7.7% from the 52-week high, +698.7% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹203.45 · low ₹10.52

Quarterly results

₹ cr	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	0	2,758	3,550	5,305	6,106	13,571	7,385
EBITDA	-21	51	69	95	112	288	199
OPM %	–	1.8%	1.9%	1.8%	1.8%	2.1%	2.7%
Other income	0	0	0	0	0	0	0
Net profit	-21	51	69	95	111	287	199
EPS (₹)	4.22	9.72	17.20	32.78	27.91	88.64	49.92
Revenue YoY					–	+392.1%	+108.0%
Profit YoY					–	+468.0%	+190.2%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	–	–	–	2,758	22,426	32,367
EBITDA	-0	-0	-0	30	451	694
Net profit	-0	-0	-0	30	450	692
EPS (₹)	-0.06	-0.03	-0.03	8.96	138.63	199.25
Revenue growth		–	–	–	+713.2%	–
Profit growth		–	–	–	+1,416.6%	–
Dividend / share (₹)	–	–	–	–	–

Compounded growth	3 years	5 years	Last 12 months
Sales	–	–	–
Net profit	–	–	–
EPS	–	–	–
Share price	–	– (2y)	+773.0%

Balance sheet

₹ cr	FY25	FY26
Shareholders' equity	1,464	2,072
Borrowings	297	2
Cash & equivalents	8	9
Total assets	2,158	2,966
Fixed assets	5	5
Capital work in progress	0	–
Investments	4	0
Receivables	2,097	2,875
Inventory	0	0
Payables	374	725

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY25	FY26
Cash from operations	41	210
Cash from investing	0	0
Cash from financing	-43	-210
Capex	0	0
Free cash flow	41	210

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY25	FY26
ROE %	2.0%	21.7%
ROCE %	1.7%	21.7%
Debtor days	278	47
Inventory days	0	0
Payable days	51	12
Cash conversion cycle (days)	227	35
Working capital days	209	32

Peers in Gems, Jewellery And Watches

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
TITAN	₹3,83,796 cr	66.9x	24.4x	42.2%	33.3%	10.1%	+29.2%	0.25%
KALYANKJIL	₹52,133 cr	36.3x	8.3x	25.8%	34.4%	6.6%	+36.4%	0.30%
LALITHAA	₹17,374 cr	–	–	–	–	–	–	–
PCJEWELLER	₹16,193 cr	16.0x	1.7x	10.8%	10.3%	24.5%	+10.7%	–
SKYGOLD	₹14,535 cr	43.3x	12.1x	35.6%	26.4%	7.2%	+76.0%	–
THANGAMAYL	₹14,404 cr	36.8x	10.2x	31.1%	26.3%	6.4%	+39.2%	0.27%
BLUESTONE	₹11,583 cr	110.7x	6.3x	6.0%	11.9%	17.0%	–	–
PNGJL	₹7,558 cr	17.0x	3.9x	25.4%	19.9%	5.8%	–	–
ETHOSLTD	₹6,486 cr	62.2x	4.4x	8.4%	12.0%	12.8%	+26.9%	–
MAXGROW	₹765 cr	1.0x	0.4x	39.2%	33.4%	2.1%	–	–

All 82 companies in Gems, Jewellery And Watches →

Documents

Links go to the original files on the exchange website.

About the company


Sector	Consumer Discretionary
Industry	Gems, Jewellery And Watches
Sub-industry	Gems, Jewellery And Watches
Symbol	MAXGROW
BSE code	521167
ISIN	INE485D01043
Face value	₹5.0
Incorporated	–
Website	–
Plants (India / abroad)	–

Data built 2026-10-23 from BSE company filings (inline XBRL: Integrated Filing - Finance) + BSE results summary for earlier years; price = BSE close 2026-10-26.