---
title: "Maxvolt Energy Industries Ltd (MAXVOLT) — Share Price, Financials & Analysis"
symbol: "MAXVOLT"
company: "Maxvolt Energy Industries Ltd"
canonical: "https://tapetide.com/stocks/MAXVOLT"
isin: "INE10A501018"
nse_symbol: "MAXVOLT"
sector: "Automobiles"
industry: "Auto Components"
market_cap_cr: 359.83
generated_at: "2026-09-13T19:02:45.934Z"
---

# Maxvolt Energy Industries Ltd (MAXVOLT)

Canonical page: https://tapetide.com/stocks/MAXVOLT

## Company

- **NSE Symbol:** MAXVOLT
- **ISIN:** INE10A501018
- **Sector:** Automobiles
- **Industry:** Auto Components
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2025-02-19
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** maxvoltenergy.com

## About

Incorporated in 2019, Maxvolt Energy Industries Limited is a manufacturer of lithium-ion batteries.[1]

## Latest Price

- **Price:** ₹349.2
- **Change:** +16.6 (+4.99%)
- **Open:** ₹325
- **Day High:** ₹349.2
- **Day Low:** ₹325
- **Previous Close:** ₹332.6
- **Volume:** 72800
- **As Of:** 2026-09-11T09:19:42+00:00

## Key Fundamentals

Observed at 2026-09-11T04:39:36.479103Z.

- **Market Cap:** ₹359.83 Cr
- **Classification:** SME
- **P/E (reported):** 14.9
- **Book Value:** ₹95.64
- **Price to Book:** 3.48
- **Dividend Yield:** 0%
- **ROE:** 14.74%
- **ROCE:** 20.34%
- **Debt to Equity:** 0.82
- **Revenue (yearly):** ₹296.76 Cr
- **Net Income:** ₹24.5 Cr
- **EBITDA:** ₹35.61 Cr
- **52-Week High:** ₹509
- **52-Week Low:** ₹213
- **RSI (14):** 48.09

## Tapetide Score

- **Score:** 58 / 100
- **Score date:** 2026-09-04
- **Archetype:** Priced for Perfection
- **What it means:** The business scores well but the multiple leaves little room for error. The debate here is about the price, not the company; small disappointments tend to cost more at rich valuations.
- **Pillar profile:** Quality: Good · Valuation: Expensive · Momentum: Rising
- **Percentile:** 81.3 (of 4473 scored stocks)
- **Confidence:** 86%
- **Data coverage:** 71%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 43.26 | 9% |
| growth | 98.9 | 9% |
| momentum | 62.5 | 12% |
| ownership | 53.87 | 24% |
| quality | 74.45 | 22% |
| valuation | 36.81 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company has a good return on equity (ROE) track record: 3 Years ROE 29.9%
- Debtor days have improved from 67.4 to 48.1 days.
- Company's working capital requirements have reduced from 99.5 days to 71.2 days

### Weaknesses

- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding is low: 39.1%

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | -489.54% | — | -853.13% |
| ebitda margin growth | -17.27% | -16.16% | 281.15% |
| net income growth | 142.57% | 343% | — |
| revenue growth | 171.51% | 179% | 116.77% |
| roce | -61.26% | -55.42% | 33.41% |
| roe | -67.31% | 34.36% | -65.92% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Sales | 28 | 40 | 67 | 130 | 167 |
| Expenses | 22 | 35 | 59 | 112 | 150 |
| Operating Profit | 6 | 5 | 9 | 18 | 17 |
| OPM % | 20 | 13 | 13 | 14 | 10 |
| Other Income | 0 | 1 | 1 | 1 | 1 |
| Interest | 0 | 0 | 1 | 1 | 3 |
| Depreciation | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | 6 | 6 | 8 | 18 | 15 |
| Tax % | 27 | 15 | 36 | 28 | 23 |
| Net Profit | 4 | 5 | 5 | 13 | 11 |
| EPS in Rs | 5.14 | 5.62 | 4.9 | 11.85 | 10.51 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Sales | 6 | 14 | 48 | 107 | 297 |
| Expenses | 6 | 13 | 42 | 93 | 261 |
| Operating Profit | 0 | 1 | 7 | 14 | 36 |
| OPM % | 2.6 | 4 | 14 | 13 | 12 |
| Other Income | 0 | 0 | 0 | 2 | 2 |
| Interest | 0 | 0 | 1 | 1 | 3 |
| Depreciation | 0 | 0 | 0 | 1 | 1 |
| Profit before tax | 0 | 0 | 6 | 14 | 33 |
| Tax % | 67 | 10 | 18 | 27 | 26 |
| Net Profit | 0 | 0 | 5 | 10 | 24 |
| EPS in Rs | 0.31 | 8.75 | 6.71 | 9.28 | 22.36 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.32 | 0.32 | 8 | 11 | 11 |
| Reserves | 0 | 0 | 4 | 58 | 93 |
| Borrowings | 2 | 3 | 6 | 10 | 85 |
| Other Liabilities | 1 | 7 | 14 | 17 | 35 |
| Total Liabilities | 4 | 10 | 32 | 96 | 225 |
| Fixed Assets | 1 | 1 | 1 | 4 | 19 |
| CWIP | 0 | 0 | 0 | 0 | 13 |
| Investments | 0 | 0 | 1 | 27 | 23 |
| Other Assets | 3 | 10 | 30 | 65 | 169 |
| Total Assets | 4 | 10 | 32 | 96 | 225 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -2 | 0 | -8 | -45 | -29 |
| Cash from Investing Activity | -1 | 0 | -1 | -3 | -30 |
| Cash from Financing Activity | 2 | 0 | 8 | 49 | 84 |
| Net Cash Flow | 0 | 0 | 0 | 1 | 25 |
| Free Cash Flow | -2 | 0 | -8 | -48 | -59 |
| CFO/OP | -919 | -57 | -111 | -318 | -73 |

### Ratios

| Item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- |
| Debtor Days | 25 | 21 | 50 | 105 | 48 |
| Inventory Days | 169 | 132 | 129 | 85 | 94 |
| Days Payable | 46 | 209 | 99 | 35 | 18 |
| Cash Conversion Cycle | 147 | -56 | 80 | 154 | 124 |
| Working Capital Days | 14 | 19 | 82 | 145 | 71 |
| ROCE % | — | 19 | 66 | 32 | 27 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 39.14% | 39.14% | 39.14% | 39.14% | 39.14% | 39.14% |
| FIIs | 1.54% | 0% | 0% | 0.35% | 0.43% | 0.44% |
| DIIs | 0% | 0% | 0% | 0.7% | 0.76% | 0.95% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 46.3% | 50.23% | 52.13% | 53.43% | 53.05% | 53.3% |
| Others | 13.02% | 10.63% | 8.73% | 6.39% | 6.62% | 6.18% |
| No. of Shareholders | 862 | 852 | 1118 | 1107 | 1550 | 1953 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 9 / 5 / 5

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 332.05 | Buy |
| EMA (10) | 332.73 | Buy |
| SMA (20) | 336.05 | Buy |
| EMA (20) | 334.68 | Buy |
| SMA (50) | 343.69 | Buy |
| EMA (50) | 345.49 | Buy |
| SMA (100) | 376.5 | Sell |
| EMA (100) | 355.11 | Sell |
| SMA (200) | 374.14 | Sell |
| EMA (200) | 344.7 | Buy |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 56.27 | Neutral |
| MACD (12,26,9) | -3.63 | Buy |
| Stochastic (14,3,3) | 44.75 | Neutral |
| ADX (14) | 9.75 | Neutral |
| Williams %R (14) | -14.5 | Sell |
| ATR (14) | 15.05 | High Volatility |
| ROC (12) | 2.4 | Buy |
| Stoch RSI (14) | 100 | Sell |
| UO (7,14,28) | 53.48 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 Sep - Maxvolt signed unsecured loan agreement with subsidiary Maxvolt Reearth for up to Rs. 30 lakh on September 7, 2026. | [General Updates 8 Sep - Maxvolt signed unsecured loan agreement with subsidiary Maxvolt Reearth for up to Rs. 30 lakh on September 7, 2026.](https://nsearchives.nseindia.com/corporate/MAXVOLT2019_08092026152358_Intimation-Loan_to_reearth.pdf) |
| 8 May 2026 - Earnings call on 13 May 2026 at 12 PM to discuss audited Q4 FY26 results. | [Analysts/Institutional Investor Meet/Con. Call Updates 8 May 2026 - Earnings call on 13 May 2026 at 12 PM to discuss audited Q4 FY26 results.](https://nsearchives.nseindia.com/corporate/MAXVOLT2019_08052026220525_MEIL_Coverletter_Earning_Call_Invite_for_H2FY26.pdf) |
| 8 May 2026 - Compliance certificate confirms SDD controls, two UPSI events captured, and migration to Fintrack platform. | [Structural Digital Database 8 May 2026 - Compliance certificate confirms SDD controls, two UPSI events captured, and migration to Fintrack platform.](https://nsearchives.nseindia.com/corporate/MAXVOLT2019_08052026155731_SDD_CERTIFICATE_FROM_PCS.pdf) |
| 8 May 2026 - Compliance certificate confirms SDD compliance for quarter ended 31 March 2026; no non-compliance observed. | [Structural Digital Database 8 May 2026 - Compliance certificate confirms SDD compliance for quarter ended 31 March 2026; no non-compliance observed.](https://nsearchives.nseindia.com/corporate/MAXVOLT2019_08052026160319_SDD.pdf) |
| 7 March 2026 - Published newspaper confirmations of EGM notice dispatch (Financial Express, Jansatta) dated March 7, 2026. | [Copy of Newspaper Publication 7 March 2026 - Published newspaper confirmations of EGM notice dispatch (Financial Express, Jansatta) dated March 7, 2026.](https://nsearchives.nseindia.com/corporate/MAXVOLT2019_07032026113743_NEWSPAPER_PUBLICATION_NSE.pdf) |
| 7 March 2026 - EOGM Apr 2, 2026: shift registered office; ratify and approve related-party transactions up to Rs.400 crore. | [Shareholders meeting 7 March 2026 - EOGM Apr 2, 2026: shift registered office; ratify and approve related-party transactions up to Rs.400 crore.](https://nsearchives.nseindia.com/corporate/MAXVOLT2019_07032026113048_EGM_NOTICE_NSE.pdf) |
| 7 July 2026 - Maxvolt Energy says corporate governance reporting is not applicable for quarter ended June 30, 2026. | [Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter 7 July 2026 - Maxvolt Energy says corporate governance reporting is not applicable for quarter ended June 30, 2026.](https://nsearchives.nseindia.com/corporate/MAXVOLT2019_07072026132903_Intimation-CG.pdf) |
| 7 April 2026 - Regulation 74(5) certificate for quarter ended 31 March 2026; complaints nil, shares fully in demat. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 7 April 2026 - Regulation 74(5) certificate for quarter ended 31 March 2026; complaints nil, shares fully in demat.](https://nsearchives.nseindia.com/corporate/MAXVOLT2019_07042026131731_CERTIFICATE74_5_.pdf) |
| 7 April 2026 - Maxvolt says corporate governance provisions and report are not applicable for quarter ended March 31, 2026. | [Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter 7 April 2026 - Maxvolt says corporate governance provisions and report are not applicable for quarter ended March 31, 2026.](https://nsearchives.nseindia.com/corporate/MAXVOLT2019_07042026130542_Intimation-CORPORATEGOV.pdf) |
| 6 April 2026 - Newspaper publication dated April 4, 2026 confirms registered office change. | [Copy of Newspaper Publication 6 April 2026 - Newspaper publication dated April 4, 2026 confirms registered office change.](https://nsearchives.nseindia.com/corporate/MAXVOLT2019_06042026142026_NEWSPAPERAD.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2025 | [Concall - Nov 2025](https://nsearchives.nseindia.com/corporate/MAXVOLT2019_20112025144506_MEIL_Concall_Call_Cover_Letter_and_Earning_Call_Transcript_H1_FY26.pdf) |
| Jun 2025 | [Concall - Jun 2025](https://nsearchives.nseindia.com/corporate/MAXVOLT2019_02062025231225_MEIL_Cover_letter_AND_Earnings_Call_Transcript__H2_FY25.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28050_MAXVOLT_2024_2025_A_56121757_01092025165654.pdf) |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:02:45.934Z.