Maximus International (BSE 540401)₹17.00+4.29%Trading & Distributors
In the Jun 2026 quarter (consolidated), Maximus International reported sales of ₹59.75 Cr, up 51.7% from Jun 2025, and net profit of ₹2.06 Cr, down 12.0% year on year. For the year to Mar 2026, sales were ₹184 Cr and net profit ₹9.01 Cr.
Company filings, consolidated accounts; latest reported quarter Jun 2026
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 24.69 | 25.80 | 36.85 | 39.12 | 35.77 | 36.81 | 44.75 | 39.39 | 45.70 | 43.34 | 55.83 | 59.75 |
| Expenses | 22.79 | 22.28 | 36.60 | 36.17 | 32.37 | 33.15 | 41.92 | 35.77 | 42.27 | 40.26 | 52.99 | 55.46 |
| Operating Profit | 1.99 | 3.57 | 0.38 | 3.09 | 3.49 | 3.79 | 2.95 | 3.75 | 3.60 | 3.21 | 3.03 | 4.50 |
| OPM % | 8.0% | 13.8% | 1.0% | 7.9% | 9.7% | 10.3% | 6.6% | 9.5% | 7.9% | 7.4% | 5.4% | 7.5% |
| Other Income | 0.14 | 0.24 | 3.79 | 0.38 | 0.39 | 0.74 | 0.44 | 0.14 | 1.25 | 0.60 | 1.78 | 0.11 |
| Interest | 0.54 | 0.54 | 0.86 | 0.62 | 0.88 | 0.85 | 0.85 | 0.93 | 1.03 | 1.00 | 1.06 | 1.54 |
| Depreciation | 0.31 | 0.35 | 0.35 | 0.40 | 0.40 | 0.44 | 0.41 | 0.47 | 0.52 | 0.53 | 0.67 | 0.63 |
| Profit before tax | 1.27 | 2.91 | 2.95 | 2.44 | 2.59 | 3.23 | 2.12 | 2.48 | 3.28 | 2.27 | 3.07 | 2.42 |
| Tax % | −1.6% | 10.7% | 5.8% | 12.7% | 17.0% | 13.0% | 3.3% | 6.1% | 14.6% | 12.8% | 27.4% | 14.9% |
| Net Profit | 1.29 | 2.60 | 2.78 | 2.13 | 2.15 | 2.81 | 2.05 | 2.34 | 2.80 | 1.98 | 2.21 | 2.06 |
| EPS (Rs) | 0.11 | 0.21 | 0.23 | 0.18 | 0.17 | 0.21 | 0.16 | 0.18 | 0.21 | 0.15 | 0.17 | 0.16 |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 32.90 | 56.90 | 30.95 | 51.89 | 68.78 | 99.71 | 109 | 157 | 184 | 205 |
| Expenses | 30.98 | 55.03 | 28.02 | 47.03 | 63.06 | 90.03 | 101 | 144 | 171 | 191 |
| Operating Profit | 2.01 | 3.01 | 3.01 | 6.03 | 6.02 | 9.04 | 8.03 | 13.05 | 14.06 | 14.34 |
| OPM % | 5.0% | 4.8% | 10.1% | 11.1% | 9.0% | 9.1% | 7.1% | 8.1% | 7.1% | 7.0% |
| Other Income | 0.00 | 1.01 | 1.01 | 1.01 | 1.01 | 2.01 | 4.01 | 2.01 | 4.01 | 3.74 |
| Interest | 0.00 | 0.00 | 1.01 | 1.01 | 1.01 | 2.01 | 2.01 | 3.01 | 4.01 | 4.63 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.99 | 0.99 | 0.99 | 0.99 | 1.99 | 1.99 | 2.35 |
| Profit before tax | 2.01 | 3.01 | 3.01 | 4.01 | 5.01 | 8.01 | 8.02 | 10.03 | 11.02 | 11.04 |
| Tax % | 9.0% | 7.0% | 11.9% | 11.0% | 10.0% | 8.0% | 5.0% | 12.0% | 16.0% | — |
| Exceptional items | 0.03 | 0.00 | 0.02 | 0.00 | 0.06 | −0.03 | 0.06 | 0.18 | 0.00 | — |
| Net Profit | 1.01 | 2.01 | 3.01 | 4.01 | 5.01 | 7.01 | 8.02 | 9.01 | 9.01 | 9.05 |
| EPS (Rs) | 0.13 | 0.16 | 0.21 | 0.26 | 0.34 | 0.56 | 0.64 | 0.68 | 0.69 | 0.69 |
| Dividend payout % | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 5.99 | 12.99 | 13.01 | 13.01 | 12.99 | 12.99 | 12.99 | 14.01 | 13.99 |
| Reserves | 6.99 | 3.99 | 6.99 | 8.98 | 13.98 | 18.97 | 27.96 | 57.87 | 72.82 |
| Borrowings | 1.99 | 0.99 | 4.99 | 6.99 | 6.99 | 8.99 | 17.99 | 22.98 | 38.99 |
| Other Liabilities | 3.00 | 4.00 | 17.98 | 17.98 | 21.99 | 35.97 | 24.06 | 38.17 | 53.11 |
| Total Liabilities | 17.97 | 21.97 | 42.97 | 45.96 | 53.95 | 76.92 | 82.00 | 133 | 180 |
| Fixed Assets | 2.99 | 2.99 | 11.99 | 10.98 | 9.98 | 9.98 | 9.98 | 9.99 | 17.98 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 1.01 | 1.01 | 1.01 | 5.01 | 0.00 |
| Investments | 1.99 | 1.99 | 1.99 | 0.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 12.99 | 16.99 | 27.99 | 32.99 | 43.96 | 66.93 | 71.01 | 118 | 162 |
| Inventories | 0.00 | 0.00 | 5.99 | 5.99 | 4.99 | 6.99 | 5.99 | 11.97 | 11.98 |
| Trade receivables | 2.99 | 4.99 | 12.99 | 13.98 | 23.96 | 42.96 | 43.98 | 77.90 | 122 |
| Cash & equivalents | 1.01 | 0.99 | 1.01 | 0.99 | 1.01 | 2.01 | 1.99 | 4.99 | 7.99 |
| Total Assets | 17.97 | 21.97 | 42.97 | 45.96 | 53.95 | 76.92 | 82.00 | 133 | 180 |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operating activity | 2.99 | 1.99 | −7.99 | 6.99 | −1.99 | 1.99 | −7.99 | −14.98 | −7.99 |
| Cash from investing activity | −10.97 | −0.99 | −2.99 | −1.99 | 1.99 | −1.99 | 0.00 | −6.99 | −4.99 |
| Cash from financing activity | 4.01 | −1.01 | 11.02 | −5.02 | 0.00 | 1.01 | 6.01 | 23.07 | 13.03 |
| Net cash flow | −2.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.99 | −1.99 | 0.99 | −0.99 |
| Capex | 0.00 | 0.00 | 10.11 | 0.66 | 0.60 | 1.50 | 1.96 | 5.62 | 3.94 |
| Free cash flow | 2.99 | 1.99 | −17.94 | 5.98 | −2.99 | 0.99 | −9.96 | −19.93 | −11.96 |
| CFO / OP % | 199.1% | 79.1% | −262.0% | 125.1% | −30.0% | 31.1% | −99.9% | −104.0% | −52.9% |
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor days | 29 | 34 | 152 | 97 | 125 | 157 | 147 | 182 | 241 |
| Inventory days | 0 | 0 | 88 | 53 | 30 | 30 | 25 | 34 | 28 |
| Days payable | — | — | 101 | 49 | 71 | 93 | 41 | 71 | 89 |
| Cash conversion cycle | 29 | 34 | 138 | 101 | 84 | 93 | 131 | 146 | 181 |
| Working capital days | 5 | 15 | 167 | 101 | 96 | 106 | 132 | 144 | 142 |
| ROCE % | — | 23.0% | 15.0% | 15.0% | 17.0% | 21.1% | 18.0% | 16.1% | 13.1% |
For the Jun 2026 quarter, Maximus International reported sales of ₹59.75 Cr, up 51.7% year on year and net profit of ₹2.06 Cr, down 12.0% year on year. The operating margin was 7.5%.
Maximus International's sales for the year to Mar 2026 were ₹184 Cr; over the last twelve months they were ₹205 Cr.
Net profit for the year to Mar 2026 was ₹9.01 Cr, and ₹9.05 Cr over the last twelve months. Earnings per share over the same trailing period were ₹0.69.
Maximus International reported borrowings of ₹38.99 Cr at Mar 2026, against cash and equivalents of ₹7.99 Cr.
Cash from operations was −₹7.99 Cr in the year to Mar 2026; after capital spending, free cash flow was −₹11.96 Cr.