
As of FY25, Max India had total assets of ₹526 crore and borrowings of ₹97.08 crore, against shareholders' equity of ₹484 crore — a debt-to-equity ratio of 0.35.
As at each financial year end, newest first. H1 = half-year.
| Item | FY25 |
|---|---|
| Equity capital | 120 |
| Reserves | 364 |
| Borrowings | 97.08 |
| Other liabilities | 64.72 |
| Total liabilities | 526 |
| Fixed assets | 283 |
| Capital work in progress | 45 |
| Investments | 121 |
| Other assets | 121 |
| Total assets | 526 |
Source: Company filings (consolidated), in ₹ crore. Data as of 9 October 2026. How this data is compiled.
Max India reported borrowings of ₹97.08 crore as of FY25.
Based on the FY25 balance sheet, Max India's debt-to-equity ratio is 0.35 — borrowings of ₹97.08 crore against equity capital and reserves of ₹484 crore.
Max India's total assets were ₹526 crore as of FY25, including fixed assets of ₹283 crore and investments of ₹121 crore.
The book value per share of Max India is ₹54.05, based on the latest reported balance sheet.
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