Maks Energy Solutions India Ltd.

•

₹ 14.05-4.75%

2026-08-21

maksgenerators.comBSE: -NSE: MAKS

Market Cap₹ 11 Cr.

Current Price₹ 15

High / Low₹ 36 / 16

Stock P/E—

Book Value₹ 10

Price to Book1.48

Dividend Yield0.00 %

ROCE10.3 %

ROE4.3 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2021 • Manufacturing: 68.6% • Trading: 31.4%

PROS

Operating margins have improved to 16.9% from 13.1%
Working capital cycle has improved - days down from 216 to 174
Company generates healthy free cash flow

CONS

Company is loss-making at the operating / net level
Company has a high debt-to-equity of 1.64x
A large part of profit comes from other income (269.6% of PBT)
Company has a low return on equity of 6.9% over last 3 years
Company has a low return on capital employed of 10.6%
Interest coverage is weak at 1.4x - earnings barely cover interest

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

Capital GoodsCapital GoodsElectric Equipment

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

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	ABB	7400.00	52.48	156812.20	0.53	3623.00	930.02	35588.70	1110.31	30.18	12.56
2.	POWERINDIA	33550.00	0.00	149540.28	0.02	294.15	123.52	2493.69	74.46	28.73	14.58
3.	SIEMENS	3880.10	42.19	138178.32	0.46	214.31	-49.38	4713.70	8.44	21.42	9.14
4.	CGPOWER	862.90	108.75	135945.59	0.15	308.28	15.52	3280.81	13.99	27.94	12.11
5.	ENRIN	3483.60	0.00	124058.14	0.11	4409.00	1578.34	24856.00	1292.81	40.19	23.56
6.	GVT&D	4119.00	564.77	105465.57	0.24	362.99	24.65	1836.14	38.04	75.51	25.10
7.	HAVELLS	1278.00	49.11	80202.38	0.78	289.71	-16.64	6518.19	19.48	25.74	7.15
8.	WAAREEENER	2688.00	20.26	77320.68	0.15	891.87	15.39	7931.79	79.22	34.71	18.15
9.	APARINDS	16607.65	58.86	69540.11	0.36	4674.50	1677.98	65910.60	1191.31	33.47	11.50
10.	SUZLON	46.78	20.45	64302.09	0.00	305.22	-5.89	3829.09	22.83	35.79	15.55
11.	SCHNEIDER	1254.75	0.00	30001.58	0.00	124.40	201.65	6513.60	947.83	31.01	5.23
12.	MAKS	15.50	0.00	10.75	0.00	—	—	—	—	8.83	—

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

No quarterly results found

We don't have this information yet. Please check back later.

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022
	33	42	21	26
	29	39	19	24
Operating Profit	4	5	2	4
OPM %	13	11	11	17
Other Income	0	1	0	3
Interest	2	2	2	2
Depreciation	0	0	0	0
	2	2	0	1
Tax %	30	26	182	49
Net Profit	1	2	-0	1
EPS	0	0	-1	-2
Dividend Payout %	0	0	0	0
Minority Interest	0	0	0	0
Share of Associates	-1	0	-0	-2
Adjusted EPS	1	3	-1	-2
Minority Interest	0	0	0	0
Share of Associates	-1	0	-0	-2
Adjusted EPS	1	3	-1	-2

Mar 2019

: 33
: 29
Operating Profit: 4
OPM %: 13
Other Income: 0
Interest: 2
Depreciation: 0
: 2
Tax %: 30
Net Profit: 1
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: -1
Adjusted EPS: 1
Minority Interest: 0
Share of Associates: -1
Adjusted EPS: 1

Mar 2020

: 42
: 39
Operating Profit: 5
OPM %: 11
Other Income: 1
Interest: 2
Depreciation: 0
: 2
Tax %: 26
Net Profit: 2
EPS: 0
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 3

Mar 2021

: 21
: 19
Operating Profit: 2
OPM %: 11
Other Income: 0
Interest: 2
Depreciation: 0
: 0
Tax %: 182
Net Profit: -0
EPS: -1
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: -0
Adjusted EPS: -1
Minority Interest: 0
Share of Associates: -0
Adjusted EPS: -1

Mar 2022

: 26
: 24
Operating Profit: 4
OPM %: 17
Other Income: 3
Interest: 2
Depreciation: 0
: 1
Tax %: 49
Net Profit: 1
EPS: -2
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: -2
Adjusted EPS: -2
Minority Interest: 0
Share of Associates: -2
Adjusted EPS: -2

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: -8%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: -30%
1 Year:: -45%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 7%
Last Year:: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022
LIABILITIES	-	-	-	-
Equity Capital	4	5	5	5
	3	9	8	7
	20	19	18	16
Trade Payables	18	3	6	5
	1	8	5	4
Total Liabilities	45	44	41	36
ASSETS	-	-	-	-
	0	0	0	0
	3	3	3	0
	14	14	14	11
	0	0	0	0
Cash & Bank	2	1	2	1
	26	25	23	23
Total Assets	45	44	41	36
Total Debt	20	19	22	19
Net Working Capital	2	15	12	12
Contingent Liabilities	0	0	0	0
Book Value per Share	18.19	27.68	25.39	23.22
Face Value	10.00	10.00	10.00	10.00
Total Debt	20	19	22	19
Net Working Capital	2	15	12	12
Contingent Liabilities	0	0	0	0
Book Value per Share	18.19	27.68	25.39	23.22
Face Value	10.00	10.00	10.00	10.00

Mar 2019

Equity Capital: 4
: 3
: 20
Trade Payables: 18
: 1
Total Liabilities: 45
: 0
: 3
: 14
: 0
Cash & Bank: 2
: 26
Total Assets: 45
Total Debt: 20
Net Working Capital: 2
Contingent Liabilities: 0
Book Value per Share: 18.19
Face Value: 10.00
Total Debt: 20
Net Working Capital: 2
Contingent Liabilities: 0
Book Value per Share: 18.19
Face Value: 10.00

Mar 2020

Equity Capital: 5
: 9
: 19
Trade Payables: 3
: 8
Total Liabilities: 44
: 0
: 3
: 14
: 0
Cash & Bank: 1
: 25
Total Assets: 44
Total Debt: 19
Net Working Capital: 15
Contingent Liabilities: 0
Book Value per Share: 27.68
Face Value: 10.00
Total Debt: 19
Net Working Capital: 15
Contingent Liabilities: 0
Book Value per Share: 27.68
Face Value: 10.00

Mar 2021

Equity Capital: 5
: 8
: 18
Trade Payables: 6
: 5
Total Liabilities: 41
: 0
: 3
: 14
: 0
Cash & Bank: 2
: 23
Total Assets: 41
Total Debt: 22
Net Working Capital: 12
Contingent Liabilities: 0
Book Value per Share: 25.39
Face Value: 10.00
Total Debt: 22
Net Working Capital: 12
Contingent Liabilities: 0
Book Value per Share: 25.39
Face Value: 10.00

Mar 2022

Equity Capital: 5
: 7
: 16
Trade Payables: 5
: 4
Total Liabilities: 36
: 0
: 0
: 11
: 0
Cash & Bank: 1
: 23
Total Assets: 36
Total Debt: 19
Net Working Capital: 12
Contingent Liabilities: 0
Book Value per Share: 23.22
Face Value: 10.00
Total Debt: 19
Net Working Capital: 12
Contingent Liabilities: 0
Book Value per Share: 23.22
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022
	-1	-3	0	5
Cash from Investing	-3	0	0	0
Cash from Financing	5	2	1	-5
	1	-1	1	-0
Free Cash Flow	-1	-3	0	5
OCF / Net Profit	-0.88	-1.95	-54.95	9.18
Cumulative 5-Year FCF	0	0	0	0
OCF / Net Profit	-0.88	-1.95	-54.95	9.18
Cumulative 5-Year FCF	0	0	0	0

Mar 2019

: -1
Cash from Investing: -3
Cash from Financing: 5
: 1
Free Cash Flow: -1
OCF / Net Profit: -0.88
Cumulative 5-Year FCF: 0
OCF / Net Profit: -0.88
Cumulative 5-Year FCF: 0

Mar 2020

: -3
Cash from Investing: 0
Cash from Financing: 2
: -1
Free Cash Flow: -3
OCF / Net Profit: -1.95
Cumulative 5-Year FCF: 0
OCF / Net Profit: -1.95
Cumulative 5-Year FCF: 0

Mar 2021

: 0
Cash from Investing: 0
Cash from Financing: 1
: 1
Free Cash Flow: 0
OCF / Net Profit: -54.95
Cumulative 5-Year FCF: 0
OCF / Net Profit: -54.95
Cumulative 5-Year FCF: 0

Mar 2022

: 5
Cash from Investing: 0
Cash from Financing: -5
: -0
Free Cash Flow: 5
OCF / Net Profit: 9.18
Cumulative 5-Year FCF: 0
OCF / Net Profit: 9.18
Cumulative 5-Year FCF: 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2019	Mar 2020	Mar 2021	Mar 2022
PER SHARE	-	-	-	-
EPS (₹)	0.59	3.39	-0.67	-2.17
Book Value (₹)	18.19	27.68	25.39	23.22
Dividend per Share (₹)	0.00	0.00	0.00	0.00
Cash EPS (₹)	4.38	3.53	0.10	1.14
PROFITABILITY	-	-	-	-
Operating Margin %	13.09%	10.76%	10.56%	16.95%
Net Margin %	4.39%	3.95%	-0.04%	2.01%
ROE %	22.56%	16.57%	-0.06%	4.28%
ROCE %	16.05%	15.07%	6.35%	10.32%
	3.24%	3.76%	-0.02%	1.33%
EFFICIENCY	-	-	-	-
Debtor Days	243	180	352	299
Inventory Days	153	122	247	177
Payable Days	257	121	106	95
	139	180	493	381
FINANCIAL HEALTH	-	-	-	-
Debt to Equity (x)	3.10x	1.40x	1.74x	1.64x
Interest Coverage (x)	1.95x	2.01x	1.00x	1.43x
	1.06x	1.64x	1.49x	1.54x
GROWTH	-	-	-	-
Revenue Growth %	0.00%	26.68%	-50.93%	23.31%
Operating Profit Growth %	0.00%	4.17%	-51.85%	97.91%
Net Profit Growth %	0.00%	14.24%	-100.48%	6517.50%
	0.00%	0.00%	0.00%	0.00%
VALUATION	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x
P/B (x)	0.00x	0.00x	0.00x	0.00x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x

Mar 2019

EPS (₹): 0.59
Book Value (₹): 18.19
Dividend per Share (₹): 0.00
Cash EPS (₹): 4.38
Operating Margin %: 13.09%
Net Margin %: 4.39%
ROE %: 22.56%
ROCE %: 16.05%
: 3.24%
Debtor Days: 243
Inventory Days: 153
Payable Days: 257
: 139
Debt to Equity (x): 3.10x
Interest Coverage (x): 1.95x
: 1.06x
Revenue Growth %: 0.00%
Operating Profit Growth %: 0.00%
Net Profit Growth %: 0.00%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 3.39
Book Value (₹): 27.68
Dividend per Share (₹): 0.00
Cash EPS (₹): 3.53
Operating Margin %: 10.76%
Net Margin %: 3.95%
ROE %: 16.57%
ROCE %: 15.07%
: 3.76%
Debtor Days: 180
Inventory Days: 122
Payable Days: 121
: 180
Debt to Equity (x): 1.40x
Interest Coverage (x): 2.01x
: 1.64x
Revenue Growth %: 26.68%
Operating Profit Growth %: 4.17%
Net Profit Growth %: 14.24%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): -0.67
Book Value (₹): 25.39
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.10
Operating Margin %: 10.56%
Net Margin %: -0.04%
ROE %: -0.06%
ROCE %: 6.35%
: -0.02%
Debtor Days: 352
Inventory Days: 247
Payable Days: 106
: 493
Debt to Equity (x): 1.74x
Interest Coverage (x): 1.00x
: 1.49x
Revenue Growth %: -50.93%
Operating Profit Growth %: -51.85%
Net Profit Growth %: -100.48%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): -2.17
Book Value (₹): 23.22
Dividend per Share (₹): 0.00
Cash EPS (₹): 1.14
Operating Margin %: 16.95%
Net Margin %: 2.01%
ROE %: 4.28%
ROCE %: 10.32%
: 1.33%
Debtor Days: 299
Inventory Days: 177
Payable Days: 95
: 381
Debt to Equity (x): 1.64x
Interest Coverage (x): 1.43x
: 1.54x
Revenue Growth %: 23.31%
Operating Profit Growth %: 97.91%
Net Profit Growth %: 6517.50%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Shareholding Pattern

Numbers in percentages

TRADES

	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

Sep 2022

: 71.19
FIIs: 0.00
: 0.00
Government: 0.00
: 28.81

Mar 2023

: 71.19
FIIs: 0.00
: 0.00
Government: 0.00
: 28.81

Sep 2023

: 71.19
FIIs: 0.00
: 0.00
Government: 0.00
: 28.81

Mar 2024

: 71.19
FIIs: 0.00
: 0.00
Government: 0.00
: 28.81

Sep 2024

: 71.19
FIIs: 0.00
: 0.00
Government: 0.00
: 28.81

Mar 2025

: 71.19
FIIs: 0.00
: 0.15
Government: 0.00
: 28.66

Sep 2025

: 71.19
FIIs: 0.00
: 0.67
Government: 0.00
: 28.14

Mar 2026

: 71.19
FIIs: 0.00
: 0.99
Government: 0.00
: 27.82

Documents

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Credit Ratings

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Concalls

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