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Maximus International Limited (540401) Fair Value & Analysis

Consumer Staples · IN · Market cap ₹1.1B (≈ $12.1M)

What is Maximus International Limited really worth?

MI Maximus International Limited 540401 · BSE
Price₹14.75
Fair Value₹18.68
Upside+26.6%
Quality44/100

Below-average quality, trading 21% below our fair value of ₹18.68.

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Risks

!Expensive Growth (revenue 5y +28.6 %/yr)
!Thin margins · 0.0% net margin
!Low debt · negative free cash flow
!Trails peers (3/10)
!Evidence only low, so the estimate is less certain
Evidence: Low Range ₹14.01 – ₹23.36

Fair value as of: Aug 17, 2026

From 15 valuation models · updated 18 days ago

Fair value updated Aug 17, 2026, revised from ₹18.71 to ₹18.68 (−0.2%) since Aug 13, 2026.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual.
  • The price sits in the lower half of our model range, the side with the larger margin of safety.
  • Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.

Price vs Fair Value (5 years)

₹47.57 ₹7.54 Fair Value ₹18.68 Mar 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 17, 2026.

How to read this chart

60‑month range ₹7.54 – ₹47.57 · fair‑value band ₹14.01 – ₹23.36 · the ₹14.75 price screens below the ₹18.68 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 17, 2026.

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Analysis

Maximus International Limited (540401) currently trades at ₹14.75, while our model-based Fair Value estimate is ₹18.68, implying the stock looks roughly 21.0% undervalued today. The Quality Score stands at 44/100 (below-average quality), in the Consumer Staples sector. Bull case: the Growth Earnings group reads highest at a median of ₹54.68 per share, and 11 of the 15 models we run sit above the ₹14.75 price. Bear case: the Asset-Based group reads lowest at ₹7.52, and 4 of the 15 models stay below the price. Evidence for this calculation is low.

Net debt stands at ₹382M. The stock trades on a trailing P/E of 45.7 (as of Jul 5, 2026). Fundamentals as of Aug 17, 2026

Our scenario range runs from ₹14.01 (bear case) to ₹23.36 (bull case); at ₹14.75, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 84% above its 52-week low. For context, the median of 10 Consumer Staples peers we cover trades at −9% fair-value upside, at 27%, 540401 screens cheaper than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly ₹1.35 per share, which is 7.2 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
EPV ₹8.67 ₹9.92 ₹10.97 71
ROIC Compounder ₹8.67 ₹9.92 ₹10.97 70
Owner Earnings ₹11.95 ₹25.36 ₹50.25 69
All 15 models by family
DCF Models
Owner Earnings ₹11.95 ₹25.36 ₹50.25 69
Earnings-Based
Graham-Dodd ₹8.12 ₹56.64 ₹79.48 61
Lynch FV ₹29.26 ₹41.80 ₹54.34 59
PEG = 1.0 ₹29.26 ₹41.80 ₹54.34 55
EPV ₹8.67 ₹9.92 ₹10.97 71
Multiples
P/E Multiple ₹18.81 ₹25.08 ₹31.35 63
P/S Multiple ₹15.23 ₹20.30 ₹25.38 58
P/B Multiple ₹15.23 ₹20.30 ₹25.38 55
EV/EBIT ₹18.04 ₹24.24 ₹30.44 66
EV/EBITDA ₹16.46 ₹22.14 ₹27.81 67
EV/Revenue ₹12.72 ₹18.41 ₹24.10 53
Asset-Based
NCAV (Graham) ₹5.61 ₹7.52 ₹11.22 54
Economic Profit
Residual Income ₹9.43 ₹10.35 ₹13.88 68
ROIC Compounder ₹8.67 ₹9.92 ₹10.97 70
Growth Earnings
Growth-Adj P/E ₹38.27 ₹54.68 ₹71.08 65

Widest divergence: Growth Earnings (₹54.68) versus Asset-Based (₹7.52). Highest evidence: EPV (71).

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Key figures & financial health

P/E ratio 45.7 as of Jul 5, 2026
P/S ratio 2.29 P/E × margin
EPS (TTM) ₹1.99 price ÷ EPS = P/E 45.7
Net margin 5.0% FY2025
Return on assets (EBIT) 8.9% avg 5y
Free cash flow −₹121M FY2025
More key figures
Balance sheet & cash flow
Net debt ₹382M FY2025

Figures from reported company fundamentals · as of Aug 17, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 44/100

Of which business quality 42 · Market factors (momentum, volatility) 83

Profitability 45
Margins and returns on capital today
Quality Growth 42
Are margins and returns improving?
Cashflow 1
Earnings quality: real cash, not paper profit
Fin. Strength 69
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 86
Calm price path (market factor)
Momentum 81
Price trend over the last 3–12 months (market factor)
52W Momentum 82
Distance to the 52-week high (market factor)
Net Issuance 68
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Maximus International Limited reported revenue of ₹1.8B in FY2025 versus ₹690M in FY2021, a compound +27.9%/yr. Reported net income was ₹92.6M in FY2025, compounding +21.9%/yr from FY2021.

Growth Quality 58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
₹1.8B
Latest YoY
+17.8%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+22.8%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+28.6%
Avg. revenue growth/yr (10Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+80.9%
Value creation/yr (5Y, in INR) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+15.3% (15.3 + 0.0)
Revenue +27.9%/yr
FY21 ₹690M
FY22 ₹997M
FY23 ₹1.1B
FY24 ₹1.6B
FY25 ₹1.8B
Net income +21.9%/yr
FY21 ₹41.9M
FY22 ₹69.5M
FY23 ₹79.2M
FY24 ₹90.6M
FY25 ₹92.6M

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Cite: Fair Value Calculator (2026). "Maximus International Limited Fair Value". https://www.fairvalue-calculator.com/stock/540401

Peer Group

Agricultural Products · 16 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 44 · Bottom 25%
Fair Value upside +27% · Top 25%
Return on assets 0% · Below median
Net margin (TTM) 0% · Bottom 25%
Operating margin (TTM) 0% · Below median
Revenue growth 0% · Above median
Debt / equity 0.06× · Higher than median

Valuation Multiples vs Agricultural Products median · lower = cheaper

P/E (TTM) 45.7× · Pricier than 75% of peers
EV/EBITDA 0.5× · Cheaper than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE69 · sector 12
FUTURE0 · sector 0
PAST0 · sector 10
HEALTH97 · sector 97
DIVIDEND0 · sector 0

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Agricultural Products stocks, each showing price versus our Fair Value estimate (as of Aug 17, 2026).

Stock Price Fair Value vs Fair Value
CIANAGRO CIANAGRO ₹1,375 ₹379.08 −72%
RIDDHI RIDDHI ₹765.30 ₹437.09 −43%
NEAGI NEAGI ₹3,119 ₹4,241 +36%
MAXIMUS MAXIMUS ₹14.95 ₹11.33 −24%
FRSHTRP FRSHTRP ₹165.95 ₹544.42 +228%
TERAI TERAI ₹120.00 ₹128.12 +7%
CIAN Agro Industries & Infrastructure Limited 519477 ₹1,350 ₹1,247 −8%
MRCAGRO MRCAGRO ₹32.50 ₹9.32 −71%
Freshtrop Fruits Limited 530077 ₹164.75 ₹149.83 −9%
DIANATEA DIANATEA ₹29.00 ₹19.89 −31%

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Frequently asked questions

Is Maximus International Limited (540401) overvalued or undervalued?
As of Aug 17, 2026, our model estimates a fair value of ₹18.68 versus a price of ₹14.75, about +27% upside (undervalued).
What is the fair value of 540401?
Our model-based fair value for Maximus International Limited is ₹18.68 (as of Aug 17, 2026), built from audited fundamentals. The current price: ₹14.75.
What is the quality score of 540401?
Maximus International Limited has a Quality Score of 44/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the net profit margin of 540401?
The net profit margin of Maximus International Limited is about 0.0%, meaning it keeps roughly 0.0% of revenue as net income. Based on the latest reported figures.
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