Maks Energy Solutions India Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2025 • Trading: 53.8% • Manufacturing: 46.2%
AI Sector View
AI GENERATEDCapital Goods
Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.
PROS
- Strong cash generation - operating cash flow backs reported profits (CFO/PAT 3.18x)
- Company generates healthy free cash flow
- Company converts assets efficiently - asset turnover of 1.9x
CONS
- Receivables are growing faster than sales - a possible quality concern
- A large part of profit comes from other income (36.3% of PBT)
- Company has a low return on equity of 2.5% over last 3 years
- Company has a low return on capital employed of 8.2%
- Interest coverage is weak at 1.3x - earnings barely cover interest
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ABB | 7439.00 | 52.76 | 157638.64 | 0.53 | 3623.00 | 930.02 | 35588.70 | 1110.31 | 30.18 | 12.56 |
| POWERINDIA | 32200.00 | 124.76 | 143523.01 | 0.02 | 2941.50 | 2135.18 | 24936.90 | 1586.18 | 28.73 | 14.58 |
| SIEMENS | 4025.00 | 43.76 | 143338.50 | 0.45 | 214.31 | -49.38 | 4713.70 | 8.44 | 21.42 | 9.14 |
| CGPOWER | 878.80 | 110.76 | 138450.55 | 0.15 | 308.28 | 15.52 | 3280.81 | 13.99 | 27.94 | 12.11 |
| ENRIN | 3119.50 | 74.66 | 111091.79 | 0.13 | 440.90 | 67.83 | 2485.60 | 39.28 | 40.19 | 23.56 |
| GVT&D | 4230.00 | 579.99 | 108307.68 | 0.24 | 362.99 | 24.65 | 1836.14 | 38.04 | 75.51 | 25.10 |
| HAVELLS | 1195.00 | 45.92 | 74993.62 | 0.84 | 289.71 | -16.64 | 6518.19 | 19.48 | 25.74 | 7.15 |
| WAAREEENER | 2583.00 | 19.47 | 74300.34 | 0.15 | 891.87 | 15.39 | 7931.79 | 79.22 | 39.73 | 18.15 |
| APARINDS | 16805.15 | 59.56 | 70367.09 | 0.36 | 4674.50 | 1677.98 | 65910.60 | 1191.31 | 31.84 | 11.50 |
| SUZLON | 45.50 | 19.89 | 62542.65 | 0.00 | 305.22 | -5.89 | 3829.09 | 22.83 | 35.79 | 15.55 |
| SCHNEIDER | 1167.70 | 151.94 | 27920.18 | 0.00 | 12.44 | -69.84 | 651.36 | 4.78 | 31.01 | 5.23 |
| MAKS | 13.75 | 14.34 | 9.54 | 0.00 | — | — | — | — | 8.83 | — |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
No standalone quarterly results found
We don't have this information yet. Please check back later.
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| 44 | 33 | 42 | 21 | 26 | 44 | 66 | 66 | |
| 40 | 29 | 39 | 18 | 24 | 42 | 64 | 64 | |
| Operating Profit | 4 | 4 | 5 | 3 | 4 | 2 | 3 | 3 |
| OPM % | 10 | 13 | 11 | 13 | 15 | 6 | 4 | 5 |
| Other Income | 0 | 0 | 1 | 0 | 3 | 0 | 0 | 0 |
| Interest | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 3 | 2 | 2 | 0 | -3 | 1 | 0 | 1 | |
| Tax % | 37 | 30 | 26 | 29 | -5 | 32 | 29 | 25 |
| Net Profit | 2 | 1 | 2 | 0 | -4 | 0 | 0 | 1 |
| EPS | 0 | 0 | 0 | 1 | -7 | 1 | 0 | 1 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 6 | 4 | 3 | 1 | -7 | 1 | 0 | 1 |
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 10%
- 3 Years:
- 38%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- -20%
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- -33%
- 1 Year:
- -50%
RETURN ON EQUITY
- 10 Years:
- —
- 5 Years:
- -3%
- 3 Years:
- 3%
- Last Year:
- 3%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - |
| Equity Capital | 0 | 4 | 5 | 5 | 5 | 7 | 7 | 7 |
| 5 | 4 | 10 | 10 | 7 | 9 | 9 | 10 | |
| 14 | 20 | 19 | 18 | 16 | 11 | 15 | 17 | |
| Trade Payables | 2 | 18 | 3 | 6 | 5 | 2 | 1 | 1 |
| 1 | 1 | 8 | 5 | 4 | 3 | 1 | 1 | |
| Total Liabilities | 22 | 47 | 45 | 44 | 36 | 32 | 34 | 36 |
| ASSETS | - | - | - | - | - | - | - | - |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| 0 | 6 | 4 | 4 | 0 | 0 | 0 | 0 | |
| 11 | 14 | 14 | 14 | 11 | 13 | 13 | 9 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 14 | 20 | |
| Cash & Bank | 0 | 0 | 1 | 2 | 1 | 1 | 2 | 3 |
| 10 | 27 | 25 | 24 | 23 | 18 | 5 | 4 | |
| Total Assets | 22 | 47 | 45 | 44 | 36 | 32 | 34 | 36 |
| Total Debt | 14 | 20 | 19 | 22 | 19 | 13 | 15 | 17 |
| Net Working Capital | 4 | 3 | 15 | 13 | 12 | 15 | 15 | 16 |
| Contingent Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book Value per Share | 1081.85 | 21.75 | 30.21 | 30.92 | 23.58 | 23.16 | 23.57 | 24.36 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| -2 | 0 | -3 | 6 | 4 | 3 | 0 | 0 | |
| Cash from Investing | -2 | -5 | 0 | 0 | 0 | -0 | 0 | 0 |
| Cash from Financing | 4 | 5 | 2 | -5 | -5 | -4 | 1 | 0 |
| 0 | 0 | -1 | 1 | -0 | -0 | 2 | 0 | |
| Free Cash Flow | -2 | 0 | -3 | 6 | 4 | 3 | 0 | 0 |
| OCF / Net Profit | -1.00 | 0.10 | -1.95 | 17.65 | -1.23 | 9.16 | 1.07 | 0.41 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | 11 | 11 | 14 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
| PER SHARE | ||||||||
| EPS (₹) | 394.17 | 4.02 | 3.38 | 0.70 | -7.34 | 0.51 | 0.41 | 0.80 |
| Book Value (₹) | 1081.85 | 21.75 | 30.21 | 30.92 | 23.58 | 23.16 | 23.57 | 24.36 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 6.96 | 4.33 | 3.53 | 0.82 | -7.24 | 0.57 | 0.45 | 0.83 |
| PROFITABILITY | ||||||||
| Operating Margin % | 9.95% | 13.22% | 10.76% | 13.11% | 14.75% | 5.54% | 3.63% | 4.37% |
| Net Margin % | 3.82% | 4.30% | 3.95% | 1.66% | -14.19% | 0.80% | 0.43% | 0.83% |
| ROE % | 36.44% | 23.11% | 14.74% | 2.30% | -26.94% | 2.57% | 1.74% | 3.32% |
| ROCE % | 22.69% | 18.40% | 14.46% | 7.34% | -3.29% | 8.14% | 7.63% | 8.83% |
| 7.66% | 4.16% | 3.66% | 0.78% | -9.05% | 1.05% | 0.86% | 1.57% | |
| EFFICIENCY | ||||||||
| Debtor Days | 46 | 152 | 180 | 349 | 299 | 142 | 74 | 93 |
| Inventory Days | 91 | 137 | 122 | 245 | 177 | 99 | 71 | 60 |
| Payable Days | 22 | 144 | 121 | 106 | 95 | 32 | 9 | 7 |
| 114 | 145 | 180 | 488 | 381 | 209 | 136 | 146 | |
| FINANCIAL HEALTH | ||||||||
| Debt to Equity (x) | 3.07x | 2.59x | 1.28x | 1.43x | 1.62x | 0.80x | 0.95x | 1.02x |
| Interest Coverage (x) | 2.70x | 1.91x | 2.01x | 1.23x | -0.48x | 1.28x | 1.21x | 1.34x |
| 1.24x | 1.09x | 1.64x | 1.53x | 1.55x | 2.03x | 1.88x | 1.81x | |
| GROWTH | ||||||||
| Revenue Growth % | 0.00% | -24.73% | 26.68% | -50.49% | 22.21% | 73.59% | 49.47% | 0.33% |
| Operating Profit Growth % | 0.00% | -0.01% | 4.17% | -39.69% | 37.46% | -34.80% | 14.43% | 12.82% |
| Net Profit Growth % | 0.00% | -15.27% | 14.24% | -79.19% | -1143.01% | 109.83% | -20.84% | 95.74% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -20.83% | 95.72% | |
| VALUATION | ||||||||
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 167.32x | 33.95x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 2.89x | 1.11x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 21.41x | 10.47x |
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
No announcements filed.
News
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Maks Energy Solutions India Ltd.
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