Inve India ▾

Maxvolt Ene. share price & results

Maxvolt Ene.· Automobile and Auto Components· Consumer Discretionary

Results to
Mar 2026
Latest analysed call
Q4 FY26
Ownership as of
Sept 2026

Ghaziabad-based manufacturer of lithium-ion battery packs for e-scooters, e-rickshaws, e-cycles and energy storage systems, expanding into battery recycling.

Company research is public. Sign in to keep your own companies, notes and cases.

Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue167 ₹ crore+149.3% YoYQuarterly, as filedQuarter to Mar 2026Revenue from operations as filed.
Operating margin10.0 %−3.0 pts YoYOperating profit / revenueQuarter to Mar 2026For the quarter; a change is in percentage points.
Net profit11.0 ₹ crore+120.0% YoYQuarterly, as filedQuarter to Mar 2026Profit after tax as filed.
Return on equityUnavailable+17.1 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM · period unavailableNot in the analysed materials. No older figure is substituted.
Free cash flow margin-15.29 %+30.0 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)Unavailable—Trailing twelve monthsTTM · period unavailableNot in the analysed materials. No older figure is substituted.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Mar 2026

Guidance

What management said, and what became of it

2 of 5 judged targets kept · 6 open · verdicts reflect calls analysed to Q4 FY26.

Maxvolt Ene. management guidance track record on Inve: 11 targets tracked across analysed earnings calls (2 achieved, 3 missed, 6 open).

TargetOriginal wordingSaidLatest callVerdict
RevenueINR 170 to 180 crores for FY26
Call transcript, Q4 FY25 · 27 May 2025		Q4 FY25Q4 FY26:FY26 revenue reported at INR 296.7 crores, significantly exceeding the original target of INR 170-180 crores.
Call transcript, Q4 FY26 · 13 May 2026		Achieved
PAT Margin9% to 10% profitability margin
Call transcript, Q4 FY25 · 27 May 2025		Q4 FY25Q4 FY26:Full year FY26 PAT margin was 8.22%, falling short of the 9-10% target. H2 margin compression to 6.9% was attributed to external factors.
Call transcript, Q4 FY26 · 13 May 2026		Missed
Capacity15-18 months for recycling plant (approx mid-late FY26)
Call transcript, Q4 FY25 · 27 May 2025		Q4 FY25Q4 FY26:Construction start delayed from March 2026 to a new target of August 2026 due to approval processes.
Call transcript, Q4 FY26 · 13 May 2026		Delayed

Source: Inve Guidance Tracker for Maxvolt Ene. · to Q4 FY26

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

3 of Maxvolt Ene.'s 11 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 8 more targets are in the full ledger.

Free account: 5 full ledgers a month and one Inve Case. Pro opens 100 a month, ₹499.
See the full record

Price

₹349.55 −1.28% · −₹4.55

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance +24.2% 1Y

₹250₹300₹350₹400₹450₹500Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 14 Nov 2025Q4 FY26 — 13 May 2026

1Y: ₹281.4 on 24 Oct 2025 → ₹349.55. High ₹493.75 (31 Dec 2025), low ₹250 (19 Mar 2026).

Previous close
₹354.1
Market cap
₹389 Cr
52-week range
₹250 – ₹493.75
One year
+16.15%
Price to earnings (FY ending Mar 2026)
13.89×
Return on equity (FY ending Mar 2026)
31.64%

Overview

Symbol
NSE:MAXVOLT
Industry
Consumer Discretionary
Exchange
NSE
Currency
INR

What Maxvolt Ene. does

Based on the company's own presentations, annual report and earnings calls.

MaxVolt Energy Industries designs and manufactures customized lithium-ion battery packs (not cells) under its flagship "MaxVolt Energy" brand for electric two- and three-wheelers, e-cycles, energy storage systems, and telecom, medical, industrial and defence applications, and also makes battery chargers and inverters. It sells through a nationwide network of authorized dealers, distributors and OEM partnerships, backed by dedicated service centres offering rapid battery replacement. Through its wholly-owned subsidiary MaxVolt ReEarth, the company is building an integrated circular-lithium ecosystem, developing a battery-recycling and black-mass recovery plant at Aligarh alongside battery repurposing/second-life and buyback programmes.

Segments

  • E-Scooter / E-Bike batteries
  • E-Rickshaw batteries
  • E-Cycle batteries
  • Energy Storage Systems (ESS)
  • Battery chargers & inverters
  • Battery recycling (MaxVolt ReEarth)
Manufacturing facilities
2 (Ghaziabad — 25,000 sq.ft. existing + 55,000 sq.ft. new plant)
Installed production capacity
600-750 MWh (depending on product)
Monthly battery production
14,000+ units (up from 6,300-6,500 in Dec FY26)
Dealer/distributor network
875+
OEM partners
31+
Warehouses
12
Founded 2019Headquarters Ghaziabad, Uttar Pradesh, IndiaEmployees 380 (FY26) Company website

How the price took the results

close before → close after

Q4 FY26
−5.0%
13 May
Q2 FY26
+2.0%
14 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

Your own record

Start an Inve Case for Maxvolt Ene.

Free account: one company. Everything above stays public.

Write why you follow Maxvolt Ene. and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.

What an account adds

Keep reading

Other Automobile and Auto Components companies

All Automobile and Auto Components companies → · Automobile and Auto Components earnings growth →

Learn to analyse Maxvolt Ene.

Guides on how to read this kind of business and the numbers that matter.