Maks Energy Solutions India Ltd.

•

maksgenerators.comBSE: -NSE: MAKS

Market Cap₹ 10 Cr.

Current Price

High / Low₹ 36 / 13

Stock P/E14.3

Book Value₹ 24

Price to Book1.11

Dividend Yield0.00 %

ROCE8.8 %

ROE3.3 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2025 • Trading: 53.8% • Manufacturing: 46.2%

AI Sector View

AI GENERATED

Capital Goods

Buy

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.

Confidence

72%

View full sector analysis →

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

Capital GoodsCapital GoodsElectric Equipment

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	ABB	7439.00	52.76	157638.64	0.53	3623.00	930.02	35588.70	1110.31	30.18	12.56
2.	POWERINDIA	32200.00	124.76	143523.01	0.02	2941.50	2135.18	24936.90	1586.18	28.73	14.58
3.	SIEMENS	4025.00	43.76	143338.50	0.45	214.31	-49.38	4713.70	8.44	21.42	9.14
4.	CGPOWER	878.80	110.76	138450.55	0.15	308.28	15.52	3280.81	13.99	27.94	12.11
5.	ENRIN	3119.50	74.66	111091.79	0.13	440.90	67.83	2485.60	39.28	40.19	23.56
6.	GVT&D	4230.00	579.99	108307.68	0.24	362.99	24.65	1836.14	38.04	75.51	25.10
7.	HAVELLS	1195.00	45.92	74993.62	0.84	289.71	-16.64	6518.19	19.48	25.74	7.15
8.	WAAREEENER	2583.00	19.47	74300.34	0.15	891.87	15.39	7931.79	79.22	39.73	18.15
9.	APARINDS	16805.15	59.56	70367.09	0.36	4674.50	1677.98	65910.60	1191.31	31.84	11.50
10.	SUZLON	45.50	19.89	62542.65	0.00	305.22	-5.89	3829.09	22.83	35.79	15.55
11.	SCHNEIDER	1167.70	151.94	27920.18	0.00	12.44	-69.84	651.36	4.78	31.01	5.23
12.	MAKS	13.75	14.34	9.54	0.00	—	—	—	—	8.83	—

Detailed Comparison with:

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

Shareholding Pattern

Numbers in percentages

	Sep 2022	Mar 2023	Sep 2023	Mar 2024	Sep 2024	Mar 2025	Sep 2025	Mar 2026
	71.19	71.19	71.19	71.19	71.19	71.19	71.19	71.19
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00	0.15	0.67	0.99
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	28.81	28.81	28.81	28.81	28.81	28.66	28.14	27.82

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for MAKS

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AI Stock Analyst

Maks Energy Solutions India Ltd.

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Free 5nance Account

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

—

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Operating Profit

OPM %

Other Income

Interest

Depreciation

-3

Tax %

-5

Net Profit

-4

EPS

-7

Dividend Payout %

Minority Interest

Share of Associates

Adjusted EPS

-7

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

LIABILITIES

Equity Capital

Trade Payables

Total Liabilities

ASSETS

Cash & Bank

Total Assets

Total Debt

Net Working Capital

Contingent Liabilities

Book Value per Share

1081.85

21.75

30.21

30.92

23.58

23.16

23.57

24.36

Face Value

10.00

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-2

-3

Cash from Investing

-2

-5

-0

Cash from Financing

-5

-4

-1

-0

Free Cash Flow

-2

-3

OCF / Net Profit

-1.00

0.10

-1.95

17.65

-1.23

9.16

1.07

0.41

Cumulative 5-Year FCF

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

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

152

180

349

299

142

Inventory Days

137

122

245

177

Payable Days

144

121

106

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%

-20.83%

95.72%

VALUATION

P/E (x)

0.00x

167.32x

33.95x

P/B (x)

0.00x

2.89x

1.11x

Dividend Yield %

0.00%

0.00x

21.41x

10.47x

Sep 2022

Mar 2023

Sep 2023

Mar 2024

Sep 2024

Mar 2025

Sep 2025

Mar 2026

71.19

FIIs

0.00

0.15

0.67

0.99

Government

0.00

28.81

28.66

28.14

27.82

Maks Energy Solutions India Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Maks Energy Solutions India Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI