Maxgrow India Ltd521167Corporate

Gems, Jewellery And Watches Latest results: Dec 2025 12 quarters of data

₹192.45

MCap ₹770 Cr · P/E 2.4

Maxgrow India Ltd — Stock analysis & AI research Maxgrow India Ltd — Live exchange announcements

AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.

₹6,106 Cr

Sales · Dec 2025

₹112 Cr

Operating Profit · Dec 2025

1.8%

OPM % · Dec 2025

₹111 Cr

Net Profit · Dec 2025

+628.6% YoY

₹27.91

EPS · Dec 2025

+636.7% YoY

📝 Maxgrow India Ltd — results explained

Quarter ended December 2025 (Q3 FY26)

Maxgrow India Ltd reported revenue of ₹6,106 crore for the quarter ended December 2025 (Q3 FY26), and up 15.1% sequentially over the September 2025 quarter.

The company swung to a net profit of ₹111 crore from a net loss of ₹21 crore a year earlier. Earnings per share (EPS) came in at ₹27.91.

Operating profit stood at ₹112 crore — an operating margin (OPM) of 1.8%.

Full year and trailing twelve months

For the full year FY26, Maxgrow India Ltd posted revenue of ₹14,961 crore, a growth of 442.5% over FY25, with a net profit of ₹275 crore (up 816.7% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹17,719 crore with a net profit of ₹326 crore.

Valuation snapshot

At the current price of ₹192.45, 521167 has a market capitalisation of ₹770 crore and a trailing P/E of about 2.4.

Within the Gems, Jewellery And Watches industry, it is the 10th-largest of the 64 companies we track by market value.

Shareholding pattern

As of Mar 2026, promoters held 92.82%, public shareholders 7.19% of Maxgrow India Ltd.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close

Valuation

Market Cap ?

₹770 Cr

Current Price ?

₹192.4

P/E ?

2.36below ind

Industry P/E ?

22.00

P/B ?

0.45

P/S ?

0.04

P/FCF ?

18.78

Enterprise Value ?

₹772 Cr

EV/EBITDA ?

2.36

PEG ?

N/A

Earnings Yield ?

42.4%

Dividend Yield ?

0.00%

Profitability & Returns

Sales (TTM) ?

₹17,719 Cr

OPM ?

1.8%

Profit after tax (TTM) ?

₹326 Cr

EPS (TTM) ?

₹81.50

ROCE ?

N/A

ROE ?

19.1%

ROA ?

13.9%

Growth

Sales — latest qtr ?

₹6,106 Cr

PAT — latest qtr ?

₹111 Cr

YoY qtr sales growth ?

N/A

YoY qtr profit growth ?

628.6%

Sales growth (3y) ?

N/A

Sales growth (5y) ?

N/A

Profit growth (3y) ?

N/A

Profit growth (5y) ?

N/A

Financial Health

Debt ?

₹2 Cr

Debt to Equity ?

0.00

Interest Coverage ?

N/A

Current Ratio ?

N/A

Ownership

Promoter holding ?

92.82%

Change in promoter holding ?

0.00%

Pledged percentage ?

N/A

Market

Return 3 months ?

303.0%

Return 6 months ?

270.2%

🗓️ Quarterly results (12 quarters · ₹ Cr)

same fiscal quarter as Dec bestweakest per row · for costs (interest, NPAs) low is best Highlight

Metric	Jun 2013	Sep 2013	Dec 2013	Jun 2014	Sep 2014	Dec 2014	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	YoY %	QoQ %
Sales	4	4	4	4	5	1	0	0	2,758	3,550	5,305	6,106	—	+15.1%
Operating Profit	0	0	0	0	0	0	0	0	51	69	95	112	—	+17.9%
Other Income	0	0	0	0	0	0	0	-21	0	0	0	0	+100.0%	—
Interest	0	0	0	0	0	0	0	0	0	0	0	0	—	—
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	—	—
Profit Before Tax	0	0	-1	0	0	0	0	-21	51	69	95	111	+628.6%	+16.8%
Net Profit	0	0	0	0	0	0	0	-21	51	69	95	111	+628.6%	+16.8%
EPS	0.02	0.02	-0.23	-0.07	0.03	0.01	-0.02	-5.20	12.65	17.20	23.66	27.91	+636.7%	+18.0%
OPM %	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—	—	1.8%	1.9%	1.8%	1.8%	—	+0.0%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric	FY25	FY26	TTM	YoY %
Sales	₹2,758 Cr	₹14,961 Cr	₹17,719 Cr	+442.5%
Operating Profit	₹51 Cr	₹276 Cr	₹327 Cr	+441.2%
OPM %	1.85%	1.84%	1.85%	-0.5%
NPM %	1.09%	1.84%	1.84%	+68.8%
Other Income	₹-21 Cr	₹0 Cr	₹0 Cr	+100.0%
Depreciation	₹0 Cr	₹0 Cr	₹0 Cr	—
Interest	₹0 Cr	₹0 Cr	₹0 Cr	—
EBIT	₹51 Cr	₹276 Cr	₹327 Cr	+441.2%
PBT	₹30 Cr	₹275 Cr	₹326 Cr	+816.7%
Tax	—	—	—	—
Net Profit	₹30 Cr	₹275 Cr	₹326 Cr	+816.7%
EPS	₹7.43	₹68.77	₹81.42	+825.6%
Material Cost	—	—	—	—
Employee Cost	—	—	—	—
Extraordinary Items	—	—	—	—

🏛️ Balance Sheet (latest 2 periods)

Metric	Mar 2025	Sep 2025	% Chg
Equity Capital	20	20	+0.0%
Reserves	1,444	1,686	+16.8%
Borrowings	297	2	-99.3%
Other Liabilities	397	633	+59.4%
Total Liabilities	2,158	2,340	+8.4%
Fixed Assets	5	5	+0.0%
CWIP	0	0	—
Investments	4	1	-75.0%
Other Assets	2,148	2,334	+8.7%
Total Assets	2,158	2,340	+8.4%

💧 Cash Flow (latest 1 periods)

Metric	Mar 2025	% Chg
Cash from Operating Activity	41	—
Cash from Investing Activity	0	—
Cash from Financing Activity	-43	—
Net Cash Flow	-1	—
Free Cash Flow	41	—
CFO/OP	82%	—

➗ Ratios (latest 1 periods)

Metric	Mar 2025	% Chg
Debtor Days	278	—
Inventory Days	0	—
Cash Conversion Cycle	278	—
Working Capital Days	208	—

👥 Shareholding (latest 4 periods)

Metric	Jun 2025	Sep 2025	Dec 2025	Mar 2026	% Chg
Promoters	92.82%	92.82%	92.82%	92.82%	+0.0%
Public	7.18%	7.18%	7.18%	7.19%	+0.1%
No. of Shareholders	2,369	2,333	2,293	2,747	+19.8%

⚖️ Peer comparison

Industry: Gems, Jewellery And Watches · top 25 of 64 companies · full page →

#	Company	CMP	MCap (Cr)	P/E	Sales TTM	NP TTM	OPM%	NPM%	Sales YoY%	NP YoY%	Qtr Rev Δ%	Qtr NP Δ%
1	BLUESTONE BlueStone Jewellery	₹856.00	13,078	224.1	2,681	54	16.4%	2.0%	—	—	49.6%	117.2%
2	500414 Timex Group	₹706.25	7,130	83.5	849	85	15.1%	10.0%	48.5%	141.9%	29.5%	66.8%
3	ETHOSLTD Ethos	₹2,612.50	6,990	67.0	1,728	106	12.8%	6.2%	28.8%	0.8%	33.4%	50.9%
4	KDDL KDDL	₹3,860.60	4,748	47.8	2,323	151	14.4%	6.5%	30.7%	-4.7%	36.3%	49.2%
5	SHANTIGOLD Shanti Gold	₹387.45	2,795	15.0	2,442	186	10.6%	7.6%	82.5%	257.8%	144.5%	101.9%
6	SHRINGARMS Shringar House	₹256.53	2,474	20.3	2,462	121	6.8%	4.9%	—	—	64.7%	17.2%
7	543953 Khazanchi Jewellers	₹455.10	1,842	11.1	2,232	103	6.4%	4.6%	15.7%	100.0%	45.0%	85.5%
8	531847 Asian Star	₹590.00	919	28.5	2,804	33	2.0%	1.2%	-2.5%	-2.5%	-10.9%	-37.6%
9	504398 SJ	₹41.89	828	393.5	16	0	2.8%	2.8%	37.4%	455.0%	-80.2%	-85.7%
10	521167 Maxgrow India	₹1.22	770	—	—	-5	—	—	—	96.3%	—	99.0%
11	543709 PNGS Gargi	₹683.30	599	23.0	152	31	25.8%	20.4%	18.3%	8.7%	10.6%	-4.9%
12	539518 Uday Jewellery	₹138.00	531	14.1	709	34	6.6%	4.7%	120.5%	138.5%	26.8%	33.4%
13	526827 Spice Islands	₹51.19	342	23.7	34	7	8.3%	19.9%	2224.7%	1079.2%	823.8%	324.2%
14	512595 Manbro Industries	₹923.40	306	n/m	0	1	-83.8%	156.8%	-85.0%	1.8%	—	-97.6%
15	523676 Golkunda Diamonds	₹213.10	227	9.5	297	16	8.6%	5.3%	11.5%	15.9%	22.7%	63.7%
16	GOLDKART Goldkart Jewels	₹126.00	211	79.5	117	4	5.8%	3.3%	—	—	47.9%	0.0%
17	AUSOMENT Ausom Enterprise	₹154.50	210	8.5	4,398	25	0.6%	0.6%	-12.9%	-0.4%	491.0%	36.2%
18	542579 Ashapuri Gold	₹7.59	150	12.2	329	21	8.5%	6.3%	0.3%	54.3%	22.4%	64.2%
19	539401 Patdiam Jewellery	₹220.00	140	5.8	172	16	9.1%	9.6%	—	—	16.4%	49.0%
20	540252 Viram Suvarn	₹8.98	116	13.4	24	8	26.4%	32.2%	4.1%	122.3%	-17.7%	2.1%
21	543848 Dev Labtech	₹95.03	107	n/m	59	0	2.8%	0.0%	—	—	-69.5%	-140.7%
22	523373 Mini Diamonds	₹86.72	95	n/m	664	4	0.5%	0.5%	40.0%	-45.8%	95.5%	50.4%
23	531119 Ceenik Exports	₹909.70	94	—	—	-4	—	—	—	-15.9%	—	135.4%
24	MOKSH Moksh Ornaments	₹9.87	83	16.1	796	11	2.0%	1.3%	17.1%	17.0%	77.6%	28.3%
25	526365 Swarnsarita Jewels	₹29.19	79	4.9	922	12	2.3%	1.3%	14.0%	46.6%	35.5%	76.7%

❓ Frequently asked questions

What was Maxgrow India Ltd's revenue in Q3 FY26?