
About Maximus International Limited
Data last updated:
Maximus International Limited is a public limited company based in Vadodara, Gujarat, India, a subsidiary of Optimus Finance Limited. It operates in the wholesale distribution segment of the trading and commerce sector. It was incorporated on 22 December 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L51900GJ2015PLC085474. Its GSTIN is 24AAKCM0787H1ZA (Gujarat). It is a listed company as per MCA records. Its shares are listed on BSE: 540401.
The company has an authorised share capital of ₹16.8 Cr and a paid-up capital of ₹13.6 Cr. It is led by directors including Dipak Vrajlal Raval (Managing Director) and Anand Shahi Kant Muley.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Vadodara, Gujarat.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹184.81 Cr, a growth of 17.8% compared to the previous year. For the same year it recorded a net profit of ₹9.27 Cr (net margin 5%) and EBITDA of ₹13.54 Cr (EBITDA margin 7.3%). The net worth stands at ₹87.06 Cr (up 20.8% YoY). Total assets are valued at ₹136.61 Cr (up 30.3% YoY).
The company is associated with 1 brand: Maximus International. As per MCA filings, the company has open charges of ₹12.16 Cr and satisfied charges of ₹2.19 Cr on record. Court records list 5 cases involving the company, including 5 filed by the company; 3 cases are pending. The company has 55 deals on record (54 market trades, 1 ipo); the latest was in March 2026. Its 3 peer companies in the Chemicals industry (Petrochemicals), with the same principal business activity (wholesale trading) are compared by revenue, 1 larger and 2 smaller; the largest is Rajiv Petrochemicals Pvt Ltd with revenue of ₹165.07 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website maximusinternational.in.
Company details
CIN history
Maximus International has one previous CIN (Corporate Identification Number): U51900GJ2015PLC085474. The current CIN is L51900GJ2015PLC085474, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L51900GJ2015PLC085474 | Current |
| U51900GJ2015PLC085474 | Previous |
Contact details
Maximus International Limited's registered office is in Vadodara, Gujarat. Its website is maximusinternational.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address301 – 304 Sears II East Wing, Gotri – Sevasi Road, Vadodara, Gujarat, India – 391101
- IndustryTrading, Other Wholesale, Wholesale
To see the full contact details of Maximus International Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Maximus International operates one associated brand: Maximus International. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Maximus International is engaged in importing and exporting lubricants. | maximusinternational.in |
Business activity
The main business activity of Maximus International is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Maximus International Limited, buy the company report.
Financials of Maximus International Limited
FY 2025-26 filings availableMaximus International Limited reported revenue of ₹184.81 Cr (up 17.8% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 185 | 157 | 109 | 99.74 | 68.97 | 52.47 | 30.74 |
| Revenue growth | +17.8% | +44.1% | +9.1% | +44.6% | +31.5% | +70.7% | - |
| EBITDA | 13.54 | 13.29 | 7.77 | 9.28 | 6.24 | 5.72 | 2.99 |
| EBITDA margin | +7.3% | +8.5% | +7.1% | +9.3% | +9.1% | +10.9% | +9.7% |
| Profit before tax | 11.07 | 10.34 | 8.44 | 7.90 | 5.15 | 3.95 | 3.06 |
| Net profit | 9.27 | 8.88 | 7.89 | 6.97 | 4.16 | 3.11 | 2.48 |
| Net profit margin | +5.0% | +5.7% | +7.3% | +7.0% | +6.0% | +5.9% | +8.1% |
| EPS (₹) | 0.68 | 0.67 | 0.63 | 0.55 | 3.35 | 2.48 | 1.99 |
| Balance sheet | |||||||
| Total assets | 137 | 105 | 68.81 | 53.47 | 41.51 | 36.23 | 32.40 |
| Net worth | 87.06 | 72.08 | 40.64 | 32.06 | 26.11 | 21.21 | 19.29 |
| Total debt | 39.40 | 22.75 | 17.73 | 9.33 | 6.51 | 6.69 | 5.07 |
| Cash & bank | 7.64 | 4.66 | 1.71 | 2.08 | 0.70 | 1.09 | 1.09 |
| Net working capital | 114 | 84.38 | 53.28 | 35.78 | 23.75 | 21.45 | 16.10 |
| Cash flow | |||||||
| Cash from operations | (8.25) | (14.57) | (8.18) | 2.07 | (2.23) | 6.95 | (8.16) |
| Cash from investing | 5.02 | (7.03) | 0.47 | (1.84) | 2.24 | (2.18) | (2.70) |
| Cash from financing | 12.68 | 22.94 | 6.12 | 1.16 | (0.36) | (4.72) | 10.77 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 58.74 | 59.91 | 56.00 | 43.45 | 45.84 | 39.52 | 44.88 | 36.91 |
| Revenue growth (YoY) | +28.1% | +51.6% | +24.8% | +17.7% | +27.9% | +0.8% | - | - |
| Other income | 0.56 | 0.10 | 1.77 | 0.59 | 1.24 | 0.13 | 0.43 | 0.73 |
| EBITDA | 4.05 | 4.49 | 3.02 | 3.20 | 3.58 | 3.74 | 2.94 | 3.78 |
| EBITDA margin | +6.9% | +7.5% | +5.4% | +7.4% | +7.8% | +9.5% | +6.6% | +10.2% |
| Depreciation | 0.66 | 0.64 | 0.68 | 0.54 | 0.53 | 0.48 | 0.42 | 0.45 |
| Interest | 1.58 | 1.53 | 1.05 | 0.99 | 1.02 | 0.92 | 0.84 | 0.84 |
| Profit before tax | 2.37 | 2.42 | 3.06 | 2.26 | 3.27 | 2.47 | 2.11 | 3.22 |
| Tax | 0.32 | 0.36 | 0.84 | 0.29 | 0.48 | 0.15 | 0.07 | 0.42 |
| Net profit | 2.05 | 2.06 | 2.22 | 1.97 | 2.79 | 2.32 | 2.04 | 2.80 |
| EPS (₹) | 0.15 | 0.15 | 0.16 | 0.15 | 0.20 | 0.17 | 0.15 | 0.21 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 5.29 | 5.20 | 8.18 | 17.70 | 4.30 | 4.70 | 4.99 |
| Revenue growth | +1.7% | -36.4% | -53.8% | +311.6% | -8.5% | -5.8% | - |
| EBITDA | (1.21) | (1.10) | (0.11) | (0.15) | (0.72) | 0.00 | 0.20 |
| EBITDA margin | -22.9% | -21.2% | -1.3% | -0.9% | -16.7% | 0.0% | +4.0% |
| Profit before tax | 4.48 | 0.77 | 0.08 | 0.70 | (0.20) | 0.38 | 0.73 |
| Net profit | 3.31 | 0.55 | 0.09 | 0.59 | (0.26) | 0.23 | 0.57 |
| Net profit margin | +62.6% | +10.6% | +1.1% | +3.3% | -6.1% | +4.9% | +11.4% |
| EPS (₹) | 0.24 | 0.04 | 0.01 | 0.04 | (0.18) | 0.19 | 0.45 |
| Balance sheet | |||||||
| Total assets | 46.01 | 41.48 | 22.52 | 19.74 | 15.09 | 15.51 | 16.05 |
| Net worth | 40.00 | 36.68 | 15.03 | 14.95 | 14.40 | 14.04 | 14.68 |
| Total debt | 5.92 | 4.71 | 7.48 | 4.79 | 0.69 | 1.47 | 1.17 |
| Cash & bank | 0.30 | 1.03 | 0.11 | 1.46 | 0.11 | 0.16 | 0.12 |
| Net working capital | 0.82 | 4.38 | 4.04 | 3.29 | 0.47 | 4.82 | 2.71 |
| Cash flow | |||||||
| Cash from operations | 2.08 | (0.14) | (2.09) | (1.50) | (2.05) | 1.53 | (1.58) |
| Cash from investing | (3.47) | (16.82) | (1.37) | (1.07) | 2.37 | (1.21) | 1.17 |
| Cash from financing | 0.66 | 17.87 | 2.10 | 3.93 | (0.33) | (0.23) | (0.08) |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.31 | 1.49 | 0.35 | 1.11 | 2.77 | 1.06 | 1.72 | 1.09 |
| Revenue growth (YoY) | -88.8% | +40.6% | -79.7% | +1.8% | +185.6% | -25.4% | - | - |
| Other income | 1.44 | 0.85 | 2.65 | 1.29 | 1.98 | 0.68 | 0.62 | 1.12 |
| Total expenses | 0.72 | 1.79 | 0.92 | 1.38 | 2.96 | 1.24 | 2.06 | 1.49 |
| EBITDA | (0.41) | (0.30) | (0.57) | (0.27) | (0.19) | (0.18) | (0.34) | (0.40) |
| EBITDA margin | -132.3% | -20.1% | -162.9% | -24.3% | -6.9% | -17.0% | -19.8% | -36.7% |
| Depreciation | 0.11 | 0.11 | 0.10 | 0.09 | 0.09 | 0.10 | 0.09 | 0.09 |
| Interest | 0.30 | 0.16 | 0.02 | 0.20 | 0.19 | 0.13 | 0.05 | 0.11 |
| Profit before tax | 0.62 | 0.28 | 1.96 | 0.73 | 1.51 | 0.27 | 0.14 | 0.52 |
| Tax | 0.15 | 0.07 | 0.60 | 0.15 | 0.37 | 0.05 | 0.05 | 0.11 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 58.74 | 59.91 | 56.00 | 43.45 | 45.84 | 39.52 | 44.88 | 36.91 |
| Revenue growth (YoY) | +28.1% | +51.6% | +24.8% | +17.7% | +27.9% | +0.8% | - | - |
| Other income | 0.56 | 0.10 | 1.77 | 0.59 | 1.24 | 0.13 | 0.43 | 0.73 |
| EBITDA | 4.05 | 4.49 | 3.02 | 3.20 | 3.58 | 3.74 | 2.94 | 3.78 |
| EBITDA margin | +6.9% | +7.5% | +5.4% | +7.4% | +7.8% | +9.5% | +6.6% | +10.2% |
| Depreciation | 0.66 | 0.64 | 0.68 | 0.54 | 0.53 | 0.48 | 0.42 | 0.45 |
| Interest | 1.58 | 1.53 | 1.05 | 0.99 | 1.02 | 0.92 | 0.84 | 0.84 |
| Profit before tax | 2.37 | 2.42 | 3.06 | 2.26 | 3.27 | 2.47 | 2.11 | 3.22 |
| Tax | 0.32 | 0.36 | 0.84 | 0.29 | 0.48 | 0.15 | 0.07 | 0.42 |
| Net profit | 2.05 | 2.06 | 2.22 | 1.97 | 2.79 | 2.32 | 2.04 | 2.80 |
| EPS (₹) | 0.15 | 0.15 | 0.16 | 0.15 | 0.20 | 0.17 | 0.15 | 0.21 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 185 | 157 | 109 | 99.74 | 68.97 | 52.47 | 30.74 |
| Revenue growth | +17.8% | +44.1% | +9.1% | +44.6% | +31.5% | +70.7% | - |
| Other income | 3.73 | 1.90 | 4.31 | 1.54 | 1.45 | 0.65 | 1.25 |
| Total expenses | 171 | 144 | 101 | 90.46 | 62.73 | 46.75 | 27.75 |
| Employee cost | 0.00 | 6.98 | 4.24 | 4.29 | 3.88 | 4.32 | 1.68 |
| EBITDA | 13.54 | 13.29 | 7.77 | 9.28 | 6.24 | 5.72 | 2.99 |
| EBITDA margin | +7.3% | +8.5% | +7.1% | +9.3% | +9.1% | +10.9% | +9.7% |
| Depreciation | 2.22 | 1.69 | 1.36 | 1.27 | 1.24 | 1.26 | 0.48 |
| Interest | 3.98 | 3.16 | 2.28 | 1.65 | 1.30 | 1.16 | 0.70 |
| Profit before tax | 11.07 | 10.34 | 8.44 | 7.90 | 5.15 | 3.95 | 3.06 |
| Tax | 1.77 | 1.25 | 0.44 | 0.61 | 0.49 | 0.42 | 0.36 |
| Net profit | 9.27 | 8.88 | 7.89 | 6.97 | 4.16 | 3.11 | 2.48 |
| Net profit margin | +5.0% | +5.7% | +7.3% | +7.0% | +6.0% | +5.9% | +8.1% |
| EPS (₹) | 0.68 | 0.67 | 0.63 | 0.55 | 3.35 | 2.48 | 1.99 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 13.60 | 13.60 | 12.57 | 12.57 | 12.57 | 12.57 | 12.57 |
| Reserves & surplus | 73.46 | 58.48 | 28.07 | 19.49 | 13.54 | 8.64 | 6.72 |
| Shareholders' funds (net worth) | 87.06 | 72.08 | 40.64 | 32.06 | 26.11 | 21.21 | 19.29 |
| Minority interest | 8.76 | 8.72 | 8.69 | 8.62 | 8.50 | 8.05 | 7.63 |
| Secured loans | 39.40 | 22.73 | 17.65 | 9.17 | 6.32 | 6.21 | 4.90 |
| Unsecured loans | 0.00 | 0.02 | 0.08 | 0.16 | 0.19 | 0.48 | 0.17 |
| Total debt | 39.40 | 22.75 | 17.73 | 9.33 | 6.51 | 6.69 | 5.07 |
| Total liabilities | 137 | 105 | 68.81 | 53.47 | 41.51 | 36.23 | 32.40 |
| Assets | |||||||
| Gross block | 30.56 | 20.64 | 18.85 | 16.93 | 16.14 | 16.72 | 16.27 |
| Net block | 17.28 | 10.26 | 10.11 | 9.51 | 9.68 | 11.44 | 12.24 |
| Capital work in progress | 0.69 | 5.09 | 1.15 | 0.96 | 0.65 | 0.49 | 0.29 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.27 | 2.11 |
| Inventories | 12.34 | 12.41 | 6.49 | 6.77 | 4.56 | 5.63 | 5.87 |
| Sundry debtors | 122 | 78.42 | 43.84 | 42.96 | 23.61 | 13.94 | 12.76 |
| Cash & bank balances | 7.64 | 4.66 | 1.71 | 2.08 | 0.70 | 1.09 | 1.09 |
| Loans & advances | 13.26 | 17.01 | 14.41 | 7.55 | 7.58 | 10.83 | 6.38 |
| Total current assets | 155 | 112 | 66.45 | 59.36 | 36.45 | 31.49 | 26.10 |
| Total current liabilities | 41.68 | 28.12 | 13.17 | 23.58 | 12.70 | 10.04 | 10.00 |
| Net working capital | 114 | 84.38 | 53.28 | 35.78 | 23.75 | 21.45 | 16.10 |
| Total assets | 137 | 105 | 68.81 | 53.47 | 41.51 | 36.23 | 32.40 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1.84 | 0.50 | 2.08 | 0.69 | 1.04 | 0.99 | 1.08 |
| Net cash from operating activities | (8.25) | (14.57) | (8.18) | 2.07 | (2.23) | 6.95 | (8.16) |
| Net cash from investing activities | 5.02 | (7.03) | 0.47 | (1.84) | 2.24 | (2.18) | (2.70) |
| Net cash from financing activities | 12.68 | 22.94 | 6.12 | 1.16 | (0.36) | (4.72) | 10.77 |
| Net change in cash | 9.44 | 1.34 | (1.58) | 1.39 | (0.35) | 0.05 | (0.09) |
| Closing cash | 7.64 | 4.66 | 1.71 | 2.08 | 0.70 | 1.09 | 1.09 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +17.8% | +44.1% | +9.1% | +44.6% | +31.5% | +70.7% | - |
| EBITDA growth | +1.9% | +71.0% | -16.3% | +48.7% | +9.1% | +91.3% | - |
| PBT growth | +7.2% | +22.5% | +6.8% | +53.4% | +30.4% | +29.1% | -8.1% |
| Net income growth | +4.4% | +12.6% | +13.2% | +67.6% | +33.8% | +25.4% | - |
| Revenue CAGR (3Y) | +22.8% | +31.5% | +27.5% | +48.0% | +6.4% | +16.6% | - |
| EBITDA CAGR (3Y) | +13.5% | +28.7% | +10.8% | +45.9% | +31.9% | +49.0% | - |
| Profitability & leverage | |||||||
| Net income margin | +5.0% | +5.8% | +7.4% | +7.3% | +6.8% | +6.7% | +8.8% |
| Return on capital employed | +13.4% | +17.3% | +20.4% | +24.6% | +21.1% | +19.3% | +17.7% |
| Return on net worth | +11.7% | +16.2% | +22.0% | +25.1% | +19.7% | +17.4% | +15.2% |
| Debt / equity | 0.39 | 0.36 | 0.37 | 0.27 | 0.28 | 0.29 | 0.18 |
| Long-term debt / equity | 0.06 | 0.09 | 0.14 | 0.11 | 0.05 | 0.12 | 0.12 |
| Interest cover | 35.13 | 27.24 | 35.57 | 20.60 | 26.00 | 26.01 | 27.89 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 7.22 | 7.94 | 6.08 | 6.03 | 4.20 | 3.18 | 3.22 |
| Inventory turnover | 14.93 | 16.60 | 16.41 | 17.61 | 13.54 | 9.13 | 10.47 |
| Debtors turnover | 1.84 | 2.57 | 2.51 | 3.00 | 3.67 | 3.93 | 3.41 |
| EPS (₹) | 0.68 | 0.67 | 0.63 | 0.55 | 3.35 | 2.48 | 1.99 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 6.40 | 5.30 | 3.23 | 2.55 | 20.77 | 16.87 | 15.35 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.31 | 1.49 | 0.35 | 1.11 | 2.77 | 1.06 | 1.72 | 1.09 |
| Revenue growth (YoY) | -88.8% | +40.6% | -79.7% | +1.8% | +185.6% | -25.4% | - | - |
| Other income | 1.44 | 0.85 | 2.65 | 1.29 | 1.98 | 0.68 | 0.62 | 1.12 |
| Total expenses | 0.72 | 1.79 | 0.92 | 1.38 | 2.96 | 1.24 | 2.06 | 1.49 |
| EBITDA | (0.41) | (0.30) | (0.57) | (0.27) | (0.19) | (0.18) | (0.34) | (0.40) |
| EBITDA margin | -132.3% | -20.1% | -162.9% | -24.3% | -6.9% | -17.0% | -19.8% | -36.7% |
| Depreciation | 0.11 | 0.11 | 0.10 | 0.09 | 0.09 | 0.10 | 0.09 | 0.09 |
| Interest | 0.30 | 0.16 | 0.02 | 0.20 | 0.19 | 0.13 | 0.05 | 0.11 |
| Profit before tax | 0.62 | 0.28 | 1.96 | 0.73 | 1.51 | 0.27 | 0.14 | 0.52 |
| Tax | 0.15 | 0.07 | 0.60 | 0.15 | 0.37 | 0.05 | 0.05 | 0.11 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 5.29 | 5.20 | 8.18 | 17.70 | 4.30 | 4.70 | 4.99 |
| Revenue growth | +1.7% | -36.4% | -53.8% | +311.6% | -8.5% | -5.8% | - |
| Other income | 6.60 | 2.69 | 1.10 | 1.24 | 0.92 | 0.84 | 1.04 |
| Total expenses | 6.50 | 6.30 | 8.29 | 17.85 | 5.02 | 4.70 | 4.79 |
| Employee cost | 0.00 | 0.86 | 0.48 | 0.42 | 0.38 | 0.35 | 0.36 |
| EBITDA | (1.21) | (1.10) | (0.11) | (0.15) | (0.72) | 0.00 | 0.20 |
| EBITDA margin | -22.9% | -21.2% | -1.3% | -0.9% | -16.7% | 0.0% | +4.0% |
| Depreciation | 0.37 | 0.37 | 0.32 | 0.23 | 0.24 | 0.26 | 0.22 |
| Interest | 0.54 | 0.45 | 0.59 | 0.16 | 0.16 | 0.20 | 0.29 |
| Profit before tax | 4.48 | 0.77 | 0.08 | 0.70 | (0.20) | 0.38 | 0.73 |
| Tax | 1.17 | 0.22 | (0.01) | 0.14 | 0.01 | 0.15 | 0.16 |
| Net profit | 3.31 | 0.55 | 0.09 | 0.59 | (0.26) | 0.23 | 0.57 |
| Net profit margin | +62.6% | +10.6% | +1.1% | +3.3% | -6.1% | +4.9% | +11.4% |
| EPS (₹) | 0.24 | 0.04 | 0.01 | 0.04 | (0.18) | 0.19 | 0.45 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 13.60 | 13.60 | 12.57 | 12.57 | 12.57 | 12.57 | 12.57 |
| Reserves & surplus | 26.40 | 23.08 | 2.46 | 2.38 | 1.83 | 1.47 | 2.11 |
| Shareholders' funds (net worth) | 40.00 | 36.68 | 15.03 | 14.95 | 14.40 | 14.04 | 14.68 |
| Secured loans | 5.92 | 4.69 | 7.40 | 4.63 | 0.50 | 1.08 | 1.00 |
| Unsecured loans | 0.00 | 0.02 | 0.08 | 0.16 | 0.19 | 0.39 | 0.17 |
| Total debt | 5.92 | 4.71 | 7.48 | 4.79 | 0.69 | 1.47 | 1.17 |
| Total liabilities | 46.01 | 41.48 | 22.52 | 19.74 | 15.09 | 15.51 | 16.05 |
| Assets | |||||||
| Gross block | 8.07 | 4.04 | 4.03 | 3.05 | 2.57 | 3.56 | 3.56 |
| Net block | 6.50 | 2.50 | 2.86 | 2.20 | 1.75 | 2.92 | 3.18 |
| Capital work in progress | 0.17 | 2.96 | 0.10 | 0.17 | 0.00 | 0.00 | 0.00 |
| Investments | 4.47 | 4.47 | 4.47 | 4.47 | 4.47 | 5.22 | 6.06 |
| Inventories | 0.00 | 0.14 | 0.15 | 0.01 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 1.68 | 1.66 | 6.13 | 1.92 | 0.70 | 0.13 | 0.04 |
| Cash & bank balances | 0.30 | 1.03 | 0.11 | 1.46 | 0.11 | 0.16 | 0.12 |
| Loans & advances | 1.05 | 2.40 | 1.32 | 0.42 | 0.86 | 5.84 | 3.60 |
| Total current assets | 3.03 | 5.23 | 7.71 | 3.81 | 1.67 | 6.13 | 3.76 |
| Total current liabilities | 2.21 | 0.85 | 3.67 | 0.52 | 1.20 | 1.31 | 1.05 |
| Net working capital | 0.82 | 4.38 | 4.04 | 3.29 | 0.47 | 4.82 | 2.71 |
| Total assets | 46.01 | 41.48 | 22.52 | 19.74 | 15.09 | 15.51 | 16.05 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 1.03 | 0.11 | 1.46 | 0.10 | 0.12 | 0.03 | 0.52 |
| Net cash from operating activities | 2.08 | (0.14) | (2.09) | (1.50) | (2.05) | 1.53 | (1.58) |
| Net cash from investing activities | (3.47) | (16.82) | (1.37) | (1.07) | 2.37 | (1.21) | 1.17 |
| Net cash from financing activities | 0.66 | 17.87 | 2.10 | 3.93 | (0.33) | (0.23) | (0.08) |
| Net change in cash | (0.73) | 0.92 | (1.36) | 1.37 | (0.02) | 0.09 | (0.49) |
| Closing cash | 0.30 | 1.03 | 0.11 | 1.46 | 0.11 | 0.16 | 0.12 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +1.7% | -36.4% | -53.8% | +311.6% | -8.5% | -5.8% | - |
| EBITDA growth | -10.0% | -900.0% | +26.7% | +79.2% | - | -100.0% | - |
| PBT growth | +481.8% | +862.5% | -88.6% | +9998.0% | - | -48.0% | -24.7% |
| Net income growth | +501.8% | +511.1% | -84.8% | +326.9% | -213.0% | -59.7% | - |
| Revenue CAGR (3Y) | -33.1% | +6.5% | +20.3% | +52.5% | -54.6% | -40.0% | -21.4% |
| EBITDA CAGR (3Y) | +100.6% | +15.2% | - | - | - | -100.0% | -36.2% |
| Profitability & leverage | |||||||
| Net income margin | +62.6% | +10.6% | +1.1% | +3.2% | -4.9% | +4.9% | +11.4% |
| Return on capital employed | +11.5% | +3.8% | +3.2% | +4.9% | -0.6% | +3.7% | +6.6% |
| Return on net worth | +8.6% | +2.2% | +0.5% | +3.8% | -1.9% | +1.7% | +4.0% |
| Debt / equity | 0.14 | 0.24 | 0.41 | 0.19 | 0.08 | 0.09 | 0.09 |
| Long-term debt / equity | 0.11 | 0.17 | 0.32 | 0.17 | 0.04 | 0.04 | 0.03 |
| Interest cover | -34.18 | -30.61 | -137.21 | -42.11 | -16.67 | -76.92 | -1,450.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.87 | 1.29 | 2.31 | 6.30 | 1.40 | 1.32 | 1.56 |
| Inventory turnover | 75.57 | 35.86 | 102.25 | 3,540.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 3.17 | 1.34 | 2.03 | 13.51 | 10.36 | 55.29 | 3.63 |
| EPS (₹) | 0.24 | 0.04 | 0.01 | 0.04 | (0.18) | 0.19 | 0.45 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 2.94 | 2.70 | 1.20 | 1.19 | 11.45 | 11.17 | 11.68 |
To see the full year-wise statements and ratios of Maximus International Limited, buy the company report.
Board of directors of Maximus International Limited
Maximus International has 6 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dipak Vrajlal Raval Also directs: Optimus Finance Limited, Additol Lubricants Limited, Sukruti Infratech Private Limited and 1 more | Managing Director | 22 Dec 2015 | 10 Years 10 Months | Current |
| Anand Shahi Kant Muley | Director | 20 Nov 2019 | 6 Years 11 Months | Current |
| Vinay Shrikrishna Pandya Also directs: Optimus Finance Limited, Maximus Infra Ventures Limited | Director | 12 Apr 2019 | 7 Years 7 Months | Current |
| Divya Chirayu Zalani Also directs: Optimus Finance Limited | Director | 31 Dec 2021 | 4 Years 10 Months | Current |
| Ramesh Babubhai Kheradia | Additional Director | 26 Aug 2026 | 0 Years 2 Months | Current |
| Aniruddh Rinki Gandhi | Director | 18 Apr 2026 | 0 Years 6 Months | Current |
Peer comparison
Maximus International Limited is compared with the 3 companies closest to it by revenue in the Chemicals industry (Petrochemicals), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Maximus International Limitedthis company | ₹184.81 Cr (FY 2026) | ₹9.27 Cr | 5% | 17.8% | Vadodara, Gujarat, India | |
| Rajiv Petrochemicals Pvt Ltd | ₹165.07 Cr (FY 2025) | 16.0% | Ahmedabad, Gujarat, India | |||
| Sumangal Petrochemicals Private Limited | ₹157.57 Cr (FY 2025) | 14.0% | Sangli, Maharashtra, India | |||
| Gujarat Petrochemicals Limited | ₹149.49 Cr (FY 2025) | 193.0% | Surat, Gujarat, India |
To see the full peer comparison of Maximus International Limited, buy the company report.
Auditor
Maximus International Limited is audited by CNK & ASSOCIATES LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CNK & ASSOCIATES LLP | FY 2023 | 101961W/W-100036 |
Shareholding
Shareholding for the quarter ended Mar 2026: promoters hold 57.60%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 42.40%.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | |
|---|---|---|---|---|
| Promoters | 57.60% | 57.60% | 57.60% | 57.60% |
| Public | 42.40% | 42.40% | 42.40% | 42.40% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Dec 2025 | 101193278 | Hdfc Bank Limited | ₹40.4 Lakh | Open | |
| 25 Mar 2025 | 101073988 | Yes Bank Limited | ₹32.68 Lakh | Open | |
| 13 Dec 2024 | 101017412 | Yes Bank Limited | ₹1.72 Cr | Open | |
| 27 Nov 2023 | 100820600 | Hdfc Bank Limited | ₹21.93 Lakh | Open | |
| 23 Nov 2023 | 100822945 | Yes Bank Limited | ₹82.99 Lakh | Open |
To see the full charge records of Maximus International Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Maximus International Limited has 55 deals on record (54 market trades, 1 ipo); the latest was in March 2026.
Deals on record (5 of 55)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2026 | Market trade | ₹3.49 Cr | Buyer: Arnav Financial Services Pvt.Ltd. , Aryaman Capital Markets Limited Seller: Comely Electrical Private Limited , Yogomaya Tradelink Private Limited |
| Dec 2025 | Market trade | ₹2.08 Cr | Buyer: Aryaman Capital Markets Limited , Emrald Commercial Limited Seller: Nopea Capital Services Private Limited , Emrald Commercial Limited |
| Jul 2025 | Market trade | ₹99.5 Lakh | Buyer: Franklin Leasing and Finance Limited Seller: an individual |
| Jun 2024 | Market trade | ₹2.11 Cr | Buyer: Girijadhava Vyapaar Private Limited Seller: Giriraj Stock Broking Private Limited |
| Jan 2024 | Market trade | ₹1.27 Cr | Buyer: Giriraj Stock Broking Private Limited |
To see the full deal history of Maximus International Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Maximus International Limited has 5 court cases on record: 5 filed by Maximus International. 3 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 0 | 3 |
Cases on record (3 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Criminal complaint | Filed by the company against Escape India Private Limited and 2 others | Pending |
| District court, Vadodara, Gujarat | Criminal miscellaneous application | Filed by the company against Escape India Private Limited | Disposed |
| District court, Vadodara, Gujarat | Court case (CR EN) | Filed by the company against Escape India Private Limited and 2 others | Disposed |
To see the full case history of Maximus International Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Maximus International Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Maximus International has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAKCM0787H1ZA | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Maximus International Limited, buy the company report.
Recent activity
Maximus International Limited has 22 board changes on record since 2015: 14 appointments and 8 cessations. The latest: Ramesh Babubhai Kheradia was appointed as Additional Director on 26 Aug 2026.
31 earlier events are in the company report.
News
Frequently asked questions
Maximus International is an active public limited company based in Vadodara, Gujarat, India. The company works in other wholesale, within the trading industry. It was incorporated on 22 December 2015 (11+ years old) and is registered under CIN L51900GJ2015PLC085474. Listed on BSE: 540401.
Maximus International reported revenue of ₹184.81 Cr for FY 2025-26 (up 17.8% YoY) based on consolidated financials.
Maximus International has 6 current directors:
- Dipak Vrajlal Raval - Managing Director
- Anand Shahi Kant Muley - Director
- Vinay Shrikrishna Pandya - Director
- Divya Chirayu Zalani - Director
- Ramesh Babubhai Kheradia - Additional Director
- Aniruddh Rinki Gandhi - Director
The latest financial statements of Maximus International on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Maximus International is 24AAKCM0787H1ZA, registered in Gujarat.
The CIN (Corporate Identification Number) of Maximus International is L51900GJ2015PLC085474. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Maximus International is a listed company as per MCA records. Its shares are listed on BSE (code: 540401).
Maximus International has 5 court cases on record: 5 filed by the company. 3 are pending.
Maximus International was incorporated on 22 December 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Maximus International has 55 deals on record (54 market trades, 1 ipo); the latest was in March 2026.
The peers of Maximus International by revenue are Rajiv Petrochemicals Pvt Ltd, Sumangal Petrochemicals Private Limited, Gujarat Petrochemicals Limited, all in the Chemicals industry (Petrochemicals), with the same principal business activity (wholesale trading).

