Max Ventures and Industries (Delisted) share price

BSE: 539940Finance

Max Ventures and Industries Limited · Face value ₹10 · Listed Jun 2016

Last traded ₹216.20 on 10 Aug 2023

Delisted on 2 Mar 2024.

Last announcements

The company's own last announcements before its shares stopped trading, routine notices left out.

Aug 2023
- 4 Aug · Suspension of Trading
  Members of the Exchange are hereby informed that the trading in Equity Shares of Max Ventures and Industries Limited shall be suspended w.e.f. August 11, 2023 (i.e., closing hours of trading on August 10, 2023) on account of Scheme of Amalgamation.
Jul 2023

Results for the quarter to Mar 2023

Consolidated: the company and its subsidiaries together. ₹ crore.

Revenue: ₹23 Cr−19.3% on a year ago · −20.4% on the quarter before
Operating profit: ₹7.59 Cr+67.5% on a year ago · +7.2% on the quarter before
Net profit: ₹3.11 Cr−99.0% on a year ago · −19.7% on the quarter before
Earnings per share: ₹0.42−98.1% on a year ago · +55.6% on the quarter before
Operating margin: 32.6%
Net margin: 13.3%

From revenue to net profit, ₹ crore

Revenue23
Materials and goods−3.1
Employee costs−4.2
Other expenses−8.5
Operating profit7.6
Depreciation−3.7
Other income+5.4
Finance costs−5.1
Profit before tax4.2
Tax−1.1
Net profit3.1

Max Ventures and Industries results by quarter

Consolidated: the company and its subsidiaries together. Latest quarter to Mar 2023. Results for the quarter to Jun 2023 were due by 14 Aug 2023, 45 days after it ends. Every company's dates are on the results calendar.

Revenue and net profit by quarter, ₹ crore

Revenue
Net profit
Loss

A loss in 1 of the 12 quarters shown

Operating and net margin by quarter, per cent

Operating margin
Net margin

₹ crore	Jun 2018Q1	Sep 2018	Dec 2018Q3	Mar 2019	Jun 2019Q1	Sep 2019	Dec 2019Q3	Mar 2020	Jun 2020Q1	Sep 2020	Dec 2020Q3	Mar 2021	Jun 2021Q1	Sep 2021	Dec 2021Q3	Mar 2022	Jun 2022Q1	Sep 2022	Dec 2022Q3	Mar 2023
Revenue from operations	182	268	225	250	426	435	271	253	259	289	296	329	384	376	38	29	27	27	29	23
	178	261	225	240	369	393	236	217	212	237	247	279	296	317	27	24	19	19	22	16
Materials and goods bought	142	218	–	193	321	346	182	157	162	182	188	207	237	248	16	6	4	6	9	3
Employee costs	10	9	–	12	12	12	14	16	14	15	15	15	13	14	3	4	4	5	2	4
Other expenses	26	34	–	34	36	35	40	44	35	40	43	56	46	54	8	14	10	9	11	8
Operating profit before depreciation	4	7	0	10	57	42	35	36	47	52	49	50	88	60	11	5	9	8	7	8
Operating margin	2.1%	2.5%	0.0%	3.9%	13.3%	9.6%	12.8%	14.1%	18.2%	18.1%	16.7%	15.1%	22.8%	15.9%	28.5%	15.7%	31.8%	30.3%	24.2%	32.6%
Depreciation and amortisation	6	8	8	8	10	12	12	12	12	12	12	13	13	13	4	3	4	4	3	4
Other income	3	6	6	7	4	3	3	6	5	5	3	5	5	5	1	6	6	6	6	5
Finance costs	6	10	11	14	14	16	18	22	16	14	15	12	12	11	4	4	4	5	5	5
Profit before one-off items and tax	−6	−6	−14	−5	36	16	7	8	24	31	25	30	68	40	4	2	8	5	5	4
One-off items	0	0	0	0	0	0	0	0	0	−27	0	0	0	0	0	0	0	0	0	0
Profit before tax	−6	−6	−14	−5	36	16	7	8	24	4	25	30	68	40	4	2	8	5	5	4
	2	−2	−3	0	11	7	0	4	11	6	12	−4	22	14	1	−1	1	1	2	1
Current tax	1	0	1	1	9	4	2	2	6	6	8	7	12	7	0	1	0	0	0	22
Deferred tax	1	−2	−4	0	2	3	−2	2	5	0	4	−11	10	7	1	−2	1	1	1	−21
Tax rate	–	–	–	–	31.4%	42.4%	5.9%	55.7%	44.8%	159.7%	48.7%	−12.6%	31.9%	35.7%	30.7%	−54.4%	15.4%	26.2%	28.9%	25.7%
Profit from discontinued businesses	–	–	–	–	–	–	–	–	–	–	–	–	–	–	58	322	–	–	–	–
	−8	−5	−11	−6	25	9	7	3	13	−2	13	34	46	26	61	326	6	4	4	3
Belonging to the company's shareholders	−8	–	−11	−4	24	8	3	2	4	−11	2	13	24	12	33	319	6	3	4	4
Belonging to outside owners of subsidiaries	0	–	–	−2	1	1	4	1	9	9	11	21	22	14	29	6	0	0	0	−1
Other comprehensive income	0	−3	–	0	0	1	0	0	0	−1	−1	1	−1	1	1	0	0	0	0	0
Total comprehensive income	−8	−7	–	−6	25	10	7	3	13	−3	11	35	45	26	62	326	6	4	4	3
Net margin	−4.3%	−1.7%	−5.0%	−2.2%	5.8%	2.1%	2.5%	1.4%	5.0%	−0.8%	4.3%	10.2%	12.0%	6.8%	–	–	23.2%	13.3%	13.2%	13.3%
Earnings per share	−₹1.10	−₹0.45	−₹0.65	−₹0.32	₹1.65	₹0.57	₹0.20	₹0.14	₹0.29	−₹0.78	₹0.14	₹0.88	₹1.61	₹0.82	₹2.23	₹21.75	₹0.43	₹0.34	₹0.27	₹0.42
Diluted earnings per share	−₹1.10	−₹0.45	−₹0.65	−₹0.32	₹1.65	₹0.57	₹0.20	₹0.14	₹0.29	−₹0.78	₹0.14	₹0.87	₹1.60	₹0.82	₹2.21	₹21.64	₹0.43	₹0.33	₹0.27	₹0.42

Earnings per share in rupees, restated for later splits and bonuses. Net margin is left blank for Dec 2021 and Mar 2022: the profit includes the result of a business the company has discontinued, which the revenue does not, so the two make no margin.

The quarters either side of a change of basis do not compare. From the quarter to Dec 2021, the company reports a discontinued business. From the quarter to Mar 2022, the company's revenue for the year to Mar 2022, ₹101 Cr, differs from its quarters added, ₹828 Cr.

7 years at a glance

Consolidated: the company and its subsidiaries together. ₹ crore, years to March.

Revenue, net profit and borrowings, ₹ crore

Revenue
Net profit
Borrowings
Loss

A loss in 2 of the 7 years shown

Operating and net margin, per cent

From Apr 2019 leases sit on the balance sheet: rent is charged as depreciation and interest instead, so operating profit and total assets step up with nothing about the business having changed. Borrowings here leave lease liabilities out. Lease payments were 3.4% of operating profit in the first full year.

The years either side of a change of basis do not compare. From the year to Mar 2022, the company's revenue for that year, ₹101 Cr, differs from its quarters added, ₹828 Cr; the company reports a discontinued business.

Results for the year to Mar 2023

Consolidated: the company and its subsidiaries together. ₹ crore.

From revenue to net profit

Revenue107
Materials and goods−22
Employee costs−15
Other expenses−39
Operating profit32
Depreciation−15
Other income+24
One-off items0.0
Finance costs−19
Profit before tax22
Tax−5.1
Net profit17

What the company owns

Plant, investments and other assets₹1,686 Cr
Inventory₹387 Cr
Current investments₹106 Cr
Cash and bank₹41 Cr
Receivables₹6 Cr

What pays for it: net worth and liabilities

Net worth₹1,252 Cr
Borrowings₹824 Cr
Other liabilities₹122 Cr
Owed to suppliers₹27 Cr

Profit and loss

Consolidated, ₹ crore, years to March.

₹ crore	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Revenue from operations	656	739	924	1,382	1,172	101	107
	625	693	904	1,216	974	75	76
Materials and goods bought	436	523	738	1,006	739	26	22
Employee costs	42	–	43	54	59	13	15
Other expenses	147	–	123	155	175	37	39
Operating profit before depreciation	31	46	20	167	199	26	32
Operating margin	4.8%	6.2%	2.2%	12.1%	16.9%	25.5%	29.5%
Materials, % of revenue	66.5%	–	79.9%	72.8%	63.1%	25.3%	20.1%
Employee costs, % of revenue	6.4%	–	4.6%	3.9%	5.0%	13.0%	14.3%
Other expenses, % of revenue	22.4%	–	13.3%	11.2%	15.0%	36.2%	36.1%
Depreciation and amortisation	21	23	30	46	50	15	15
Operating profit after depreciation	11	23	−10	121	149	11	17
Other income	12	11	22	17	18	10	24
Finance costs	32	23	42	71	58	17	19
Profit before one-off items and tax	−10	11	−31	67	109	4	22
One-off items	0	0	0	0	−27	0	0
Profit before tax	−10	11	−31	67	82	4	22
	−2	8	−1	23	25	0	5
Current tax	–	–	4	17	26	1	22
Deferred tax	–	–	−5	6	−2	−1	−17
Profit from discontinued businesses	–	–	–	–	–	454	–
	−7	3	−29	44	57	459	17
Belonging to the company's shareholders	−7	3	−23	37	8	388	18
Belonging to outside owners of subsidiaries	–	–	−6	7	49	71	−1
Other comprehensive income	–	–	0	0	−2	1	0
Total comprehensive income	–	–	−30	44	56	460	17
Net margin	−1.1%	0.5%	−3.2%	3.2%	4.9%	–	15.8%

Materials, employee costs and other expenses are shown for the years they add up to operating expenses; for the year to Mar 2018 they do not, so they are left blank. Net margin is left blank for the year to Mar 2022: the profit includes the result of a business the company has discontinued, which the revenue does not, so the two make no margin.

Balance sheet

Consolidated, ₹ crore, at 31 March.

₹ crore	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
	953	1,043	1,114	1,237	1,252
	837	875	883	1,193	1,210
Share capital	147	147	147	147	147
Reserves	691	728	736	1,046	1,063
Belonging to outside owners of subsidiaries	116	168	231	44	43
	519	502	470	288	824
Repayable after a year	301	258	391	283	751
Repayable within a year	218	243	79	5	74
	617	512	311	54	130
Trade payables	183	139	139	26	27
Other financial liabilities	66	106	54	11	19
Other liabilities	146	19	30	9	8
Provisions	4	4	5	2	3
Tax owed	0	0	3	0	0
	328	325	470	370	844
Other financial liabilities	0	37	53	66	80
Other liabilities	0	13	13	0	0
Provisions	5	8	9	1	2
Deferred tax	4	9	5	20	11
Trade payables	2	0	0	0	0
Total assets	1,898	1,880	1,895	1,661	2,226
	727	1,401	1,428	1,140	1,618
Plant in use, after depreciation	551	566	544	31	19
Plant being built	5	1	26	0	0
Intangible assets	2	2	1	0	3
Goodwill	2	2	2	0	0
Intangible assets being developed	0	0	0	0	0
Property held to earn rent	43	697	772	897	1,405
Stakes in joint ventures and associates	101	104	49	171	54
Loans given	5	7	8	3	30
Other financial assets	4	6	0	0	10
Deferred tax	8	4	3	4	20
Trade receivables	0	1	2	4	10
Other assets	4	10	22	29	67
	1,172	479	467	521	608
Inventories	856	161	187	14	387
Trade receivables	150	129	131	7	6
Cash and cash equivalents	119	12	10	5	18
Other bank balances	0	91	80	423	24
Current investments	0	28	0	47	106
Loans given	6	1	0	0	0
Other financial assets	0	12	21	15	47
Other assets	40	45	37	11	21
Net debt	400	371	381	−186	677

Borrowings are counted again inside the liabilities due within a year and after a year. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Cash flow

Consolidated, ₹ crore, years to March.

₹ crore	Mar 2021	Mar 2022	Mar 2023
	133	34	−456
	158	42	−424
	−49	14	−469
Receivables	−11	−3	−4
Inventories	−23	17	−373
Payables	−16	−2	15
Other working capital	1	1	−106
Tax paid	−25	−8	−32
Capital spending	127	142	501
Free cash flow	6	−108	−958
	−42	−529	−52
Plant and property sold	0	0	−21
Interest received	7	3	12
	−93	494	521
Borrowings raised	298	107	883
Borrowings repaid	−352	−4	−347
Interest paid	−47	−8	−42
Lease payments	−7	−4	9
Dividends paid	0	0	0
Shares bought back	0	0	0
Shares issued	15	1	0
Net change in cash	−2	0	13

Capital spending is part of cash from investing, and dividends paid, shares bought back and shares issued are part of cash from financing. Each is shown as an amount on a line of its own, and the section's other items are in its total only. No cash flow statement is on record for the years to Mar 2017, Mar 2018, Mar 2019 and Mar 2020.

Consolidated, ₹ per share, years to March.

₹ per share	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings per share	−₹1.33	₹0.51	−₹1.95	₹2.55	₹0.52	₹27.08	–
Diluted earnings per share	−₹1.33	₹0.51	−₹1.95	₹2.55	₹0.52	₹26.29	–
Book value per share	–	–	–	₹59.67	₹60.21	₹81.17	₹82.24
Shareholder yield	–	–	–	–	−1.8%	−0.1%	0.0%
Market cap at the year end (₹ crore)	–	–	–	477	826	1,522	1,952

Earnings per share is left blank for the year to Mar 2023: the earnings per share stated does not match any profit the filing states over the shares in issue, and the share count barely moved during the period.

Ratios

Consolidated, years to March.

Ratio	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Revenue growth	–	12.6%	25.0%	49.6%	−15.2%	–	6.3%
Operating profit growth	–	45.5%	−56.1%	731.6%	19.1%	–	23.1%
Net profit growth	–	–	–	–	29.5%	–	−96.3%
Earnings per share growth	–	–	–	–	−79.6%	–	–
	–	–	−2.8%	4.4%	0.9%	37.4%	1.5%
	–	–	–	7.1 pts	−3.5 pts	36.5 pts	−35.9 pts
From the net margin	–	–	–	5.7 pts	−3.3 pts	–	–
From asset turnover	–	–	–	1.5 pts	−0.2 pts	–	–
From borrowing	–	–	–	−0.1 pts	0.0 pts	–	–
Return on capital employed	–	–	−0.7%	7.8%	9.4%	0.7%	0.8%
Cash conversion	–	–	–	–	232.1%	7.4%	−2,687.6%
Interest cover	0.3	1.0	–	1.7	2.6	0.7	0.9
Debt to equity	–	–	0.54	0.48	0.42	0.23	0.66
Receivable days	–	–	59	34	41	26	20
Inventory days	–	–	423	58	92	199	6,555
Payable days	–	–	91	50	69	376	458
Cash conversion cycle, days	–	–	392	42	64	−151	6,117
Working capital days	–	–	258	21	46	−6	1,374
Asset turnover	–	–	0.49	0.73	0.62	0.06	0.06
Assets per rupee of net worth	–	–	2.27	2.21	2.15	1.71	1.62
Sales per rupee of plant	–	–	1.68	2.44	2.16	3.24	5.65
Capital spending to depreciation	–	–	–	–	2.56	9.58	33.64
Plant being built, % of plant in use	–	–	1.0%	0.2%	4.8%	0.0%	0.0%

Interest cover is left blank for the year to Mar 2019: operating profit after depreciation is a loss, and a loss covers no interest bill. From the net margin, from asset turnover and from borrowing are left blank for the years to Mar 2022 and Mar 2023: the profit of this year or the year before includes a business the company has discontinued while its revenue does not, so the change in return on equity is not split into margin, turnover and borrowing. Revenue growth and operating profit growth are left blank for the year to Mar 2022: between the two periods the company restated its earlier figures and the company began reporting a business as discontinued, so the two are on different bases and the change is not worked out. Net profit growth and earnings per share growth are left blank for the year to Mar 2022: between the two periods the company began reporting a business as discontinued, so the two are on different bases and the change is not worked out. No balance sheet is on record for the years to Mar 2017 and Mar 2018, so its lines and the ratios worked from it are blank there.

Growth and returns over 3, 5 and 10 years

Consolidated: the company and its subsidiaries together. Each window ends with the year to Mar 2023.

Return on assets, latest year: 0.9%
Cash from operations against operating profit: −1,440.8%

Measure	5 years	3 years
Return on equity, average	8.3%	13.2%
Return on capital employed, average	3.6%	3.6%
Operating margin, average	17.2%	24.0%
Net margin, average	5.2%	10.3%
Asset turnover, average	0.39	0.24
Cash conversion cycle, days, average	1,293	2,010
Interest cover, average	1.5	1.4
Debt to equity, average	0.47	0.44

Where the cash came from and went

Consolidated: the company and its subsidiaries together. ₹ crore, added up over each window, which ends with the year to Mar 2023.

₹ crore	3 years	Latest year
Cash from operations	−290	−456
Cash from investing	−623	−52
Cash from financing	923	521
Capital spending	770	501
Dividends paid	0	0
Shares bought back	0	0
Shares issued for cash	16	0
Borrowings raised	1,289	883
Borrowings repaid	703	347

Accounting checks

Consolidated, years to March. Published tests of whether reported profit is backed by cash and the balance sheet.

Check	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Piotroski score, out of 9Published threshold 3 points out of 9	–	–	–	6	6	3
Altman Z-scorePublished threshold 1.1	–	4.20	2.95	3.80	7.05	4.44
Beneish M-scorePublished threshold −1.78	–	–	–	−2.73	−3.97	−2.06
Profit not backed by cash, % of assetsPublished threshold 10 per cent of average total assets	–	–	–	−1.77	53.64	27.04
Cash from operations to profit, 3 yearsPublished threshold 0.7 times	–	–	–	–	–	−0.54
Receivables growth less revenue growthOur threshold 0 percentage points	–	–	−63.19	16.56	−3.04	−27.32
Inventory growth less cost-of-goods growthOur threshold 0 percentage points	–	–	−117.54	42.81	3.99	2,695.41
Other current assets growth less revenue growthOur threshold 5 per cent of revenue	–	–	1.24	0.13	−32.70	39.01
Assets under construction, years of additionsOur threshold 2 years of additions	–	–	0.02	0.95	–	0.00
Effective tax ratePublished threshold 17.16 per cent	69.90	–	34.10	30.26	−9.18	23.11
Tax charged less tax paid, % of profitOur threshold 10 percentage points	–	–	–	–	−188.29	−122.92

A threshold marked as ours has no published figure; it is the line we read the check against.

Business segments

One segment, Real Estate & Others, carries all the revenue in the year to Mar 2023.

Where the return came from

Yearly rates to Mar 2023, per-share figures restated for splits and bonuses.

Over	Return a year	Earnings growth	Change in P/E	Dividend yield
1 year	+28.1%	−95.5%	+2,736.2%	0.0%
3 years	+59.8%	−22.4%	+106.0%	0.0%
5 years	+14.6%	–	–	0.0%

Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1 and 3 years is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count. Earnings growth and the change in P/E over 5 years are left empty: the earnings per share stated for one end does not match that year's profit and share count, and no share count is on record to work it out. Earnings growth over 1 year includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2022.

Who owns Max Ventures and Industries, filing by filing

Per cent of the company's shares. Every filing on record, from Sep 2021; the latest is the filing for Jun 2023.

Jun 2023 filing

Promoters49.51%
Foreign institutions30.22%
Indian institutions0.01%
Individuals and others20.26%

Shareholding pattern, per cent, from Sep 2022

Promoters
Foreign institutions
Indian institutions
Individuals and others

Per cent	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023
	49.65%	49.60%	49.57%	49.54%	49.52%	49.52%	49.52%	49.51%
Indian promoters	49.65%	49.60%	49.57%	49.54%	49.52%	49.52%	49.52%	49.51%
	50.35%	50.40%	50.43%	50.46%	50.48%	50.48%	50.48%	50.49%
	–	–	–	–	29.57%	30.02%	30.17%	30.22%
Foreign portfolio investors, category I	–	–	–	–	8.31%	8.76%	8.91%	8.96%
Foreign direct investment	–	–	–	–	21.27%	21.27%	21.27%	21.26%
	–	–	–	–	0.01%	0.01%	0.01%	0.01%
Mutual funds	0.05%	0.05%	0.02%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Banks	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Alternative investment funds	1.11%	0.42%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Non-bank lenders registered with RBI	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Other financial institutions	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
	–	–	–	–	20.90%	20.45%	20.30%	20.26%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	6.67%	6.43%	6.45%	6.02%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	9.41%	9.07%	8.98%	9.22%
Companies	–	–	–	–	1.76%	1.82%	1.77%	1.84%
Non-resident Indians	–	–	–	–	1.78%	1.92%	1.78%	1.86%
Foreign nationals	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Foreign companies	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Key managers	–	–	–	–	0.04%	0.04%	0.04%	0.06%
	–	–	–	–	1.23%	1.18%	1.28%	1.26%
Clearing Members	–	–	–	–	1.23%	1.17%	1.28%	1.26%
Trusts	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Shares in issue	14,67,19,999	14,68,63,757	14,69,46,648	14,70,57,698	14,70,93,730	14,71,03,626	14,71,03,626	14,71,34,544

Filings before Sep 2022 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.

Number of Max Ventures and Industries shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023
All shareholders	30,851	31,632	32,602	32,041	30,321	29,328	29,088	28,511
	7	7	7	7	7	7	7	7
Indian promoters	7	7	7	7	7	7	7	7
	30,844	31,625	32,595	32,034	30,314	29,321	29,081	28,504
	–	–	–	–	25	25	24	24
Foreign portfolio investors, category I	–	–	–	–	24	24	23	23
Foreign direct investment	–	–	–	–	1	1	1	1
	–	–	–	–	13	13	12	12
Mutual funds	4	4	4	3	3	3	3	3
Banks	–	–	–	–	1	1	1	1
Alternative investment funds	1	1	0	0	0	0	0	0
Non-bank lenders registered with RBI	–	–	–	–	3	3	2	2
Other financial institutions	–	–	–	–	6	6	6	6
	–	–	–	–	30,276	29,283	29,045	28,468
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	29,251	28,291	28,063	27,462
Resident individuals, over ₹2 lakh at face value	–	–	–	–	151	139	137	148
Companies	–	–	–	–	252	249	245	247
Non-resident Indians	–	–	–	–	554	561	566	584
Foreign nationals	–	–	–	–	1	1	1	1
Foreign companies	–	–	–	–	1	1	1	1
Key managers	–	–	–	–	1	1	1	1
	–	–	–	–	65	40	31	24
Clearing Members	–	–	–	–	62	37	28	22
Trusts	–	–	–	–	3	3	3	2

Max Ventures and Industries promoters

Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Jun 2023; the largest is MAX VENTURES INVESTMENT HOLDINGS PRIVATE LIMITED, 23.56%. The filing names 1 more member with no shares.

Holder
MAX VENTURES INVESTMENT HOLDINGS PRIVATE LIMITEDIndian companies, trusts and others	23.56%	3,46,69,346	0.00%
SIVA ENTERPRISES PRIVATE LIMITEDIndian companies, trusts and others	22.98%	3,38,14,573	0.00%
ANALJIT SINGHIndividuals and Hindu undivided families	2.81%	41,41,481	0.00%
RAVI VACHANIIndividuals and Hindu undivided families	0.05%	73,477	0.00%
PIYA SINGHIndividuals and Hindu undivided families	0.04%	52,407	0.00%
TARA SINGH VACHANIIndividuals and Hindu undivided families	0.03%	47,501	0.00%
NEELU ANALJIT SINGHIndividuals and Hindu undivided families	0.03%	47,501	0.00%

Pledged is the share of the holder's own shares pledged to a lender.

Largest public holders of Max Ventures and Industries, filing by filing

Per cent, on the same shares as the split above.

Holder	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023
NEW YORK LIFE INTERNATIONAL HOLDINGS LTDForeign direct investment	21.32%	21.30%	21.29%	21.27%	21.27%	21.27%	21.27%	21.26%
FIRST SENTIER INVESTORS ICVC - FSSA ASIA FOCUS FUNDForeign portfolio investors, category I	2.87%	2.77%	2.77%	2.68%	2.68%	2.68%	2.68%	2.68%
INDIA INSIGHT VALUE FUNDForeign portfolio investors, category I	2.12%	2.17%	2.19%	–	2.19%	2.19%	2.21%	2.14%
ATUL B LALLResident individuals, over ₹2 lakh at face value	–	1.45%	1.55%	1.55%	1.54%	1.54%	–	1.54%
NEW YORK LIFE INSURANCE COMPANYForeign portfolio investors, category I	1.42%	1.41%	1.41%	1.41%	1.41%	1.41%	1.41%	1.41%
FE SECURITIES PVTOther non-institutions	–	1.00%	1.04%	1.04%	1.09%	1.10%	1.05%	1.05%
Atul B LalResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	1.54%	–
INDGROWTH CAPITAL FUND IAlternative investment funds	1.11%	–	–	–	–	–	–	–

A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. A dash is a filing that did not name the holder, which includes holding under one per cent.

Who moved in the Jun 2023 filing

Against the Mar 2023 filing. A filing names a public holder only at 1% or more, so a holder no longer named fell under 1% or sold out.

Foreign institutions: INDIA INSIGHT VALUE FUND 2.14%, −0.07 pts; NEW YORK LIFE INTERNATIONAL HOLDINGS LTD 21.26%, −0.01 pts
Individuals and others: Atul B Lal no longer named, from 1.54%; ATUL B LALL newly named at 1.54%

Max Ventures and Industries share price by year

Each calendar year to 2023.

Year	Close at year end	Change	Highest close	Lowest close
2023	216.20	+44.3%	216.20	122.70
2022	149.85	+16.2%	197.50	88.30
2021	129.00	+200.0%	153.45	44.00
2020	43.00	−26.9%	56.60	26.85
2019	58.80	+10.4%	59.40	35.85
2018	53.25	−43.5%	94.30	46.85
2017	94.25	+52.1%	111.65	63.60
2016	61.95	–	75.10	43.50

₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2016 is from its first session, 22 Jun 2016. The 2023 close is its last trade, on 10 Aug 2023.

Recent sessions

The 10 trading days to 10 Aug 2023, as traded on BSE.

Date	Open	High	Low	Close	Average price	Volume
10 Aug 2023	209.00	222.35	205.15	216.20	215.25	4,13,283
9 Aug 2023	205.90	212.00	204.75	207.60	207.74	1,17,159
8 Aug 2023	207.95	209.00	203.30	207.30	206.65	1,78,716
7 Aug 2023	197.60	206.10	196.55	204.00	201.89	1,61,178
4 Aug 2023	197.15	200.00	194.50	197.55	197.45	88,223
3 Aug 2023	198.00	201.60	194.00	195.75	197.23	74,124
2 Aug 2023	198.50	200.00	193.05	196.95	196.47	49,890
1 Aug 2023	200.45	203.05	196.95	198.20	199.20	57,874
31 Jul 2023	201.00	204.25	196.35	198.45	200.05	93,630
28 Jul 2023	192.80	202.15	189.50	200.45	197.05	1,66,353

Prices in ₹ per share as traded, not adjusted.

Company details

BSE code: 539940
ISIN: INE154U01015
Industry: Finance
Former symbols: MAXVIL
Website: www.maxvil.com
CIN: L85100PB2015PLC039204; Corporate identity number, the registrar of companies' code for it
Incorporated: 2015
Registered office: 419, Village Railmajra, Bhai Mohan Singh Nagar, Tehsil Balachaur, Dist. S.B.S. Nagar(Nawanshahr), Nawan Shahr 144533, Punjab
Share registrar: MAS Services Ltd; Keeps the register of shareholders and handles transfers and dividend payments