Maks Energy Solutions India share price & results
- Mar 2026
- Mar 2026
Pune-based assembler and seller of diesel generator sets (15 kVA-1250 kVA) under the 'Maks Generators' brand, also distributing Tata commercial-vehicle spare parts across Maharashtra.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 28.0 | −13.8% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 7.2 | +1.8 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | 0.60 | +42.9% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
| Return on equity | −6.3 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. | |
| Free cash flow margin | Fiscal year | FY · period unavailable | Not in the analysed materials. No older figure is substituted. | ||
| Revenue growth (YoY) | +74.2 pts | Trailing twelve months | TTM · period unavailable | Not in the analysed materials. No older figure is substituted. |
Price
Performance −60.9% 1Y
1Y: ₹33 on 30 Sept 2025 → ₹12.9. High ₹34.5 (29 Oct 2025), low ₹12.9 (27 Oct 2026).
- Previous close
- ₹13.55
- Market cap
- ₹10 Cr
- 52-week range
- ₹12.9 – ₹34.5
- One year
- −62.61%
Overview
- Symbol
- NSE:MAKS
- Sector
- Capital Goods
- Industry
- Industrials
- Exchange
- NSE
- Currency
- INR
What Maks Energy Solutions India Limited does
Based on the company's own presentations, annual report and earnings calls.
Maks Energy Solutions procures diesel engines, alternators and ancillary components (control panels, base frames, fuel tanks, canopies, acoustic enclosures) from third-party suppliers and assembles them at its own facility into Diesel Generating (DG) Sets ranging from 15 kVA to 1250 kVA, using engines from TATA, Perkins, Cummins and Volvo Penta, marketed under the 'Maks Generators' brand. It sells DG sets and spares domestically across Maharashtra, Delhi, Karnataka, Telangana, Punjab and Jharkhand, and exports to the Middle East, Southeast Asia and Africa. Since April 2019 it has also distributed Tata Motors commercial-vehicle spare parts to state transport bodies such as MSRTC and PMPML, and separately trades other items including auto spare parts, MS plates and TMT bars.
Segments
- Diesel Generator (DG) Sets - trading & assembly
- Commercial vehicle spare parts distribution
- DG Set capacity range
- 15 kVA to 1250 kVA
- Assembly/factory units
- 1 (Kondhwa-Saswad Road, Pune)
- Business segments
- 2 (DG Sets assembly & trading; CV spare parts distribution)
- Engine brands assembled
- TATA, Perkins, Cummins, Volvo Penta
- Domestic states served
- 6 (Maharashtra, Delhi, Karnataka, Telangana, Punjab, Jharkhand)
- Export regions
- Middle East, Southeast Asia, Africa, SAARC
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 3 fiscal years held (Mar 2020 to Mar 2022).
Financials
What the filings say
Net profit, year on year: +43% (quarter to mar 2026 against mar 2025).
| Line item | Sept 2022 | Mar 2023 | Sept 2023 | Mar 2024 | Sept 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 20 | 24 | 31 | 35 | 34 | 32 | 26 | 28 |
| Expenses | 20 | 22 | 30 | 34 | 33 | 31 | 25 | 26 |
| Operating profit | 1 | 2 | 1 | 1 | 1 | 2 | 1 | 2 |
| Operating margin | 2.5% | 6.5% | 3.4% | 3.9% | 3.4% | 5.4% | 3.7% | 7.2% |
| Other income | 0 | 0 | 0 | -0 | 0 | 0 | 0 | -0 |
| Interest | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0 | 1 | 0 | 0 | 0 | 1 | 0 | 1 |
| Tax rate | 0.0% | 22.1% | 25.9% | 38.5% | 13.3% | 28.8% | 22.2% | 24.7% |
| Net profit | -0 | 1 | 0 | 0 | 0 | 0 | 0 | 1 |
| EPS (₹ per share) | -0.35 | 0.87 | 0.29 | 0.12 | 0.19 | 0.61 | 0.10 | 0.87 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 5 | 7 | 7 | 7 | 7 | 7 |
| Reserves | 7 | 9 | 9 | 10 | 10 | 11 |
| Borrowings | 19 | 13 | 15 | 17 | 17 | 17 |
| Other liabilities | 5 | 3 | 2 | 2 | 3 | 1 |
| Total liabilities | 36 | 32 | 34 | 36 | 37 | 35 |
| Fixed assets | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other assets | 36 | 31 | 34 | 36 | 36 | 35 |
| Total assets | 36 | 32 | 34 | 36 | 37 | 35 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 1 | 4 | 3 | 0 | 0 | 2 |
| Cash from investing | 0 | 0 | -0 | 0 | 0 | 0 |
| Cash from financing | -0 | -5 | -4 | 1 | 0 | -2 |
| Net cash flow | 1 | -0 | -0 | 2 | 0 | 0 |
| Free cash flow | 1 | 4 | 3 | 0 | 0 | 2 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 360 | 303 | 110 | 75 | 111 | 139 |
| Inventory days | 301 | 186 | 122 | 78 | 55 | 66 |
| Days payable | 86 | 82 | 17 | 7 | 8 | 4 |
| Cash conversion cycle | 575 | 407 | 214 | 147 | 158 | 201 |
| Working capital days | 247 | 158 | 120 | 70 | 71 | 92 |
| Return on capital employed | 7.5% | 11.0% | 8.2% | 9.2% | 9.5% | 9.3% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Where revenue comes from
The businesses behind the company’s reported revenue.
Trading contributes 62.8% of reported segment revenue.
Year ended 31 Mar 2026 · Standalone
- Trading 62.8%
₹33.97 crore
- Manufacturing/Assembling 37.2%
₹20.11 crore
| Business segment | Revenue · ₹ crore | Share |
|---|---|---|
| Trading | 33.97 | 62.8% |
| Manufacturing/Assembling | 20.11 | 37.2% |
Share = segment revenue ÷ total segment revenue, before intersegment adjustments.
How these numbers add up
- Total segment revenue
- ₹54.08 crore
- Intersegment adjustment
- ₹0.00 crore
- Net segment revenue
- ₹54.08 crore
Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.
Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.
Ownership
Who owns it
Promoters hold 71.19% as of Mar 2026; institutions added 0.32 pts since Sept 2025.
- Promoters 71.19%
- Domestic institutions 0.99%
- Public 27.82%
Who is on the register
Named in the Mar 2026 filing
Every holder of Maks Energy Solutions India Limited above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| 37.69% | unchanged | |
| 27.00% | unchanged | |
| 7.35% | unchanged | |
| 6.50% | unchanged | |
| 2.14% | unchanged | |
| 1.60% | unchanged | |
| 1.56% | unchanged | |
| 1.06% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
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