Maximus International (BSE: MAXIMUS) had a P/E of 23.5× on 6 Nov 2026, above the industry P/E of 22.1×. Its ROCE of 14% is the second-lowest among the 7 largest Specialty Chemicals peers, and sales and net profit grew 25% and 10% a year over 3 years. Debt is 0.41× equity. It is a small-cap company with a market cap of ₹211 Cr, ranked 130th of 204 Specialty Chemicals companies by market cap; the shares rose 38% over the past year.
- ₹15.69
- ₹15.69
- ₹15.04
- ₹15.48
- 48.8K
Health check
- ReturnsAhead
+37.8% over a year, better than 6 of 7 peers.
- Price tagIn line
P/E 23.5 vs industry 22.1.
- GrowthSteady
Sales +24.6%, profit +10.0% a year over 3 years.
- ProfitabilityWeak
ROCE 14.1% vs peer median 24.4%.
- Balance sheetStretched
Debt 0.41× equity, interest covered 4.1×, Piotroski 3 of 9.
- Red flags1 to check
Quarterly profit down 12.3% on a year ago.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹211 Cr
- Small cap
- P/E
- 23.5
- Industry 22.1
- Price to book
- 2.46
- Peers 13.33
- Dividend yield
- 0.00%
- ROE
- 11.6%
- Peers 23.0%
- ROCE
- 14.1%
- Peers 24.4%
- Debt to equity
- 0.41
- Debt ₹39 Cr
- EPS (TTM)
- ₹0.66
- OPM (TTM)
- 7.0%
- Net margin 4.4%
- Sales growth
- +51.6%
- Latest quarter vs a year ago
- Profit growth
- −12.3%
- Latest quarter vs a year ago
- Price to sales
- 1.03
- EV/EBITDA 17.7
Strengths and risks
Strengths
- Quarterly sales up 51.6% on a year ago.
Risks to check
- Quarterly profit down 12.3% on a year ago.
About Maximus International
Maximus International Limited engages in the trading of oils and chemicals in India and internationally. It manufactures and markets lubricant oils, various base oils, and other petro-chemical products for use in automotive, metal working, refrigeration, and paint industries. In addition, it markets and trades in specialty, industrial, and automotive lubricants; specialty chemicals; value-added products; advance formulations; and textile, general…
- Headquarters
- Vadodara
- Employees
- 16
- Sector
- Basic Materials
- ISIN
- INE544W01021
- Website
- maximusinternational.in
Price range
- Avg volume (3M)
- 60.8K
- 1-year return
- plus 37.8%
- From 52-week high
- minus 2.9%
Peers · Specialty Chemicals
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ASIANPAINTAsian Paints | 2,546.00 | plus 0.88% | 2,44,025 | 50.5 | 35.0 | 24.4% | 18.9% | 0.21 | 1.1% | plus 1.5% |
| SOLARINDSSolar Industries India | 18,608.00 | plus 0.48% | 1,68,384 | 74.4 | 64.1 | 29.5% | 27.8% | 0.22 | 12.4% | plus 35.9% |
| PIDILITINDPidilite Industries | 1,579.00 | plus 1.63% | 1,60,827 | 60.0 | 44.4 | 28.5% | 23.5% | 0.03 | 7.4% | plus 6.8% |
| LINDEINDIALinde India | 6,859.00 | plus 8.73% | 58,496 | 118.4 | 64.2 | 16.3% | 31.5% | 0.23 | – | plus 5.4% |
| BERGEPAINTBerger Paints India | 478.35 | minus 5.28% | 55,776 | 45.4 | 29.4 | 20.6% | 15.3% | 0.15 | 4.2% | minus 6.0% |
| FLUOROCHEMGujarat Fluorochemicals | 4,665.50 | minus 0.94% | 51,251 | 75.9 | 44.0 | 9.6% | 24.1% | 0.26 | −4.5% | plus 28.0% |
| ACUTAASAcutaas Chemicals | 3,786.60 | plus 0.42% | 31,001 | 70.9 | 64.1 | 27.7% | 39.4% | 0.01 | 29.4% | plus 105.6% |
| MAXIMUSMaximus International | 15.54 | plus 0.39% | 211 | 23.5 | 16.6 | 14.1% | 7.0% | 0.41 | 24.6% | plus 37.8% |
| Median of 7 peers | – | 0.48% | 58,496 | 70.9 | 44.4 | 24.4% | 24.1% | 0.21 | 5.8% | 6.8% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 39.5 | 45.8 | 43.5 | 56 | 59.9 | |
| 35.8 | 42.3 | 40.3 | 53 | 55.4 | |
| 3.7 | 3.6 | 3.2 | 3 | 4.5 | |
| 9.5% | 7.8% | 7.4% | 5.4% | 7.5% | |
| 0.1 | 1.2 | 0.6 | 1.8 | 0.1 | |
| 0.9 | 1 | 1 | 1 | 1.5 | |
| 0.5 | 0.5 | 0.5 | 0.7 | 0.6 | |
| 2.5 | 3.3 | 2.3 | 3.1 | 2.4 | |
| 6.1% | 14.8% | 12.6% | 27.8% | 15.1% | |
| 2.3 | 2.8 | 2 | 2.2 | 2 | |
| 0.17 | 0.20 | 0.15 | 0.16 | 0.15 |
Profit & loss
- Sales CAGR 3Y
- +24.6%
- Profit CAGR 3Y
- +10.0%
- EPS CAGR 3Y
- +7.3%
- ROE
- 11.6%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 95.2 | 109 | 156 | 184 | |
| – | +14.0% | +44.0% | +17.7% | |
| 84.9 | 100 | 142 | 169 | |
| 10.3 | 8.2 | 14.1 | 15 | |
| 10.9% | 7.6% | 9.0% | 8.2% | |
| 0.2 | 3 | 1.3 | 3.2 | |
| 1.4 | 1.5 | 2.8 | 3.6 | |
| 1.3 | 1.4 | 1.7 | 2.2 | |
| −0 | 0.1 | −0.6 | −1.3 | |
| 7.9 | 8.4 | 10.3 | 11.1 | |
| 7.8% | 5.3% | 12.0% | 16.0% | |
| 7 | 7.9 | 9.1 | 9.3 | |
| – | +14.0% | +14.3% | +2.3% | |
| 0.55 | 0.63 | 0.68 | 0.68 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 12.6 | 12.6 | 13.6 | 13.6 | |
| 19.5 | 28.1 | 58.5 | 73.5 | |
| 9.3 | 17.7 | 22.7 | 39.4 | |
| 35.7 | 23.7 | 38.2 | 53 | |
| 77.1 | 82.1 | 133 | 179 | |
| 6.7 | 7.1 | 11 | 13.3 | |
| 0.8 | 0.8 | 4.7 | 0.2 | |
| 0 | 1.6 | – | – | |
| 2.1 | 0.5 | 1.8 | 1.2 | |
| 67.6 | 72 | 116 | 165 | |
| 77.1 | 82.1 | 133 | 179 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2.1 | −8.2 | −14.6 | −8.3 | |
| −1.8 | 0.5 | −7 | −5 | |
| 1.2 | 6.1 | 22.9 | 12.7 | |
| 1.4 | −1.6 | 1.3 | −0.6 | |
| −1.5 | −2 | −5.6 | −3.9 | |
| 0.6 | −10.1 | −20.2 | −12.1 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders. Institutions hold about 1.3% (Yahoo estimate).
Major shareholders
Filings & events
News
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