Maxvolt Energy Industries Q4 FY26 Share Price & Earnings Call Analysis
- Market cap
- ₹386 Cr
- P/E
- 15.83
- ROE
- 27.61%
- PEG
- 0.05
- Price to sales
- 1.30
- Debt to equity
- 0.79
- 52W high / low
- ₹494 / ₹250
- EBITDA margin
- 12.17%
- Net profit margin
- 8.22%
- Promoter holding
- 39.19%
- Sales (last year)
- ₹297 Cr
Incorporated in 2019, Maxvolt Energy Industries Limited is a manufacturer of lithium-ion batteries.[1]
Guidance scorecard · Q4 FY26 call
What Maxvolt Energy Industries Ltd's management guided
and where it ranks in Auto Components
Auto Components
RevenueQ4 FY26 call
40%+- MaxVolt is on a hyper-growth trajectory with substantial revenue growth expected in FY27, targeting a 50% to 70% increase in revenues compared to previous years.
- Monthly production capacity has doubled from around 6,500 batteries in December to approximately 14,000 units from January onwards, and plans to expand capacity to 35,000 to 40,000 units per month.
- Current orders exceed 150% of existing capacity, indicating strong demand and ability to scale sales accordingly.
- Post completion of capex phases, capacity will reach approximately 2.2 to 2.5 gigawatt-hours, supporting large-scale volume growth.
2 more points from Maxvolt Energy Industries Ltd's call on revenue
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MarginsQ4 FY26 call
FlatSee what Maxvolt Energy Industries Ltd said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- MaxVolt is executing a large capex project totaling approximately INR 282 crores over 36-42 months for their Aligarh plant focused on crushing, black mass generation, repurposing line, pilot line, and laboratory setup.
- Phase 1 of this project involves building 1,25,000 sq ft covered area with an estimated cost of INR 74-75 crores, including crushing plant (7,600 MT capacity) and pilot hydrometallurgy line.
- For battery manufacturing, capex of around INR 75-80 crores is planned to build infrastructure and machinery for a plant with 35,000 battery capacity/month (approx. 2.2-2.5 GWh capacity).
- Phase 1 machinery commissioned already, adding around 14,000 batteries/month capacity since January 2026.
- Full commercial production from new projects expected by December 2026-January 2027.
2 more points from Maxvolt Energy Industries Ltd's call on capex
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FundraisingQ4 FY26 call
PlannedSee what Maxvolt Energy Industries Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
Rising- As of May 2026, MaxVolt Energy Industries Limited has an order book exceeding 150% of its current production capacity.
- The company is managing production to prioritize existing customers before onboarding new ones due to capacity constraints.
- Production capacity reached around 14,000 units per month, expected to increase to 35,000-40,000 units per month in the next phase.
- OEM partnerships are increasing gradually in alignment with capacity expansion, with ongoing discussions for white-label and customized solutions involving Tier 2 and Tier 3 OEMs.
2 more points from Maxvolt Energy Industries Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Auto Components
on management's own guidance
- Strong growth2
- Strong growth1
- 3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Auto Components companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹3,020 Cr | 47.8 | |
| 2 | 40%+ | Flat | ₹1,998 Cr | 63.5 | |
| 3 | Maxvolt EnergyThis stock | 40%+ | Flat | ₹428 Cr | 17.5 |
| 4 | 20–40% | Up 2%+ | ₹25,721 Cr | 73.8 | |
| 5 | 20–40% | Up 2%+ | ₹13,417 Cr | 40.5 | |
| 6 | 20–40% | Up 0–2% | ₹23,344 Cr | 37.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Auto Components rankingFinancials of Maxvolt Energy Industries Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Maxvolt Energy Industries Ltd
Quarterly Results
Quarter-by-quarter operating performance
Financials of Maxvolt Energy Industries Ltd
Profit & Loss
Annual income statement trend
| 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 % | 3% | 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% |
Financials of Maxvolt Energy Industries Ltd
Balance Sheet
Capital structure and asset base
| 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 |
Financials of Maxvolt Energy Industries Ltd
Cash Flows
Operating, investing and financing cash movement
| 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% |
Financials of Maxvolt Energy Industries Ltd
Ratios
Working capital efficiency and return ratios
| 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% |
Guidance history
How Maxvolt Energy Industries Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 40%+ | Flat | Planned | Planned | Rising |
| Q2 FY26 call → | 40%+ | Flat | Planned | Planned | — |
| Q4 FY25 call → | 40%+ | Flat | Planned | Planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Continue your research
What Maxvolt Energy Industries Ltd's management said in earlier quarters
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