Maxgrow India (BSE 521167)₹175.30+1.71%Gems, Jewellery And Watches
In the Jun 2026 quarter (consolidated), Maxgrow India reported sales of ₹7,406 Cr, up 107.9% from Jun 2025, and net profit of ₹200 Cr, up 188.6% year on year. For the year to Mar 2026, sales were ₹22,478 Cr and net profit ₹452 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales | 0.00 | 0.00 | 2,767 | 3,562 | 5,316 | 6,127 | 7,482 | 7,406 |
| Expenses | 0.00 | 0.00 | 2,713 | 3,491 | 5,220 | 6,012 | 7,310 | 7,203 |
| Operating Profit | 0.00 | 0.00 | 50.89 | 68.94 | 94.89 | 112 | 176 | 199 |
| OPM % | — | — | 1.8% | 1.9% | 1.8% | 1.8% | 2.4% | 2.7% |
| Other Income | 0.00 | −20.92 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.00 | −20.96 | 50.96 | 68.94 | 94.92 | 111 | 176 | 199 |
| Tax % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Exceptional items | 0.00 | −20.95 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 0.00 | −21.08 | 51.18 | 69.21 | 95.37 | 111 | 177 | 200 |
| EPS (Rs) | −0.03 | −5.21 | 12.66 | 17.21 | 23.65 | 27.92 | 44.00 | 49.91 |
| Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|
| Sales | 2,767 | 22,478 | 26,331 |
| Expenses | 2,713 | 22,037 | 25,744 |
| Operating Profit | 49.89 | 452 | 581 |
| OPM % | 1.8% | 2.0% | 2.2% |
| Other Income | −20.93 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 |
| Depreciation | 0.00 | 0.99 | 0.00 |
| Profit before tax | 29.98 | 449 | 580 |
| Tax % | 0.0% | 0.0% | — |
| Exceptional items | −20.96 | 0.00 | 0.00 |
| Net Profit | 30.10 | 452 | 583 |
| EPS (Rs) | 7.44 | 112.81 | 145.48 |
| Dividend payout % | 0.0% | 0.0% | — |
| Mar 2025 | |
|---|---|
| Equity Capital | 19.94 |
| Reserves | 1,444 |
| Borrowings | 298 |
| Other Liabilities | 399 |
| Total Liabilities | 2,161 |
| Fixed Assets | 5.02 |
| CWIP | 0.00 |
| Investments | 4.01 |
| Other Assets | 2,151 |
| Trade receivables | 2,106 |
| Cash & equivalents | 7.99 |
| Total Assets | 2,161 |
| Mar 2025 | |
|---|---|
| Cash from operating activity | 40.89 |
| Cash from investing activity | 0.00 |
| Cash from financing activity | −43.04 |
| Net cash flow | −1.01 |
| Free cash flow | 40.97 |
| CFO / OP % | 82.1% |
| Mar 2025 | |
|---|---|
| Debtor days | 278 |
| Inventory days | 0 |
| Cash conversion cycle | 279 |
| Working capital days | 207 |
For the Jun 2026 quarter, Maxgrow India reported sales of ₹7,406 Cr, up 107.9% year on year and net profit of ₹200 Cr, up 188.6% year on year. The operating margin was 2.7%.
Maxgrow India's sales for the year to Mar 2026 were ₹22,478 Cr; over the last twelve months they were ₹26,331 Cr.
Net profit for the year to Mar 2026 was ₹452 Cr, and ₹583 Cr over the last twelve months. Earnings per share over the same trailing period were ₹145.48.
Maxgrow India reported borrowings of ₹298 Cr at Mar 2025, against cash and equivalents of ₹7.99 Cr.
Cash from operations was ₹40.89 Cr in the year to Mar 2025; after capital spending, free cash flow was ₹40.97 Cr.