Annual report
Annual Report 2026
Source: Nse
Maks Energy Solutions India Ltd. (MAKS)
SME CapPower stocks · SME cap · NSE
Maks Energy Solutions India Ltd. operates in Power Solutions, within the Power sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals20 Oct 2026 · screener
Latest result01 Jun, 08:25 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags24 Apr 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Power P/E 16.8 (n=92)
Technical timing lens
Trend score and candlestick chart
41NeutralSMA20 -27.4% / mo · MACD + · near 52W low
Stock trend: 41
Sector RS: —
Power FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
MAKSD candles · FIT view-47.9%Latest close ₹13.55 on 2026-10-16
Bar
+0.0%
RSI
35
MACD hist
0.29
52W pos
4%
2026-10-16O ₹13.55H ₹13.55L ₹13.55C ₹13.55Vol 3,000 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
MAKSNifty PowerNifty 500
- MAKS
- -28.5%
- Nifty 500
- -4.6%
- Nifty Power
- -10.7%
- Vs Nifty 500
- -23.9 pp
Chart stats
16 Oct 2026- From 52W high
- -62.4%
- 52W range position
- 4%
- ATR (14)
- 5.5%
- Volume vs 20D
- 0.57x
- Avg traded value
- ₹0 Cr
- 20D price channel
- ₹12.7 - ₹17.4
₹36
₹12.7 - ₹36
₹0.7
Latest completed session
20-session average
73.0% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · FAIR VALUE50
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average50
Revenue -20.9% · PAT +650.0% YoY
Technical
Neutral41
Price trend and sector-relative-strength timing.
Valuation
Legacy model+43.3%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence67
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 31 Mar 2026
Average · 50/100Rev -21% YoY · PAT +650% YoY · margin expansion · +7% QoQ · operating leverage
Filed 31 Mar 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹28 Cr | -20.9% | +7.1% |
| EBITDA | ₹2 Cr | NDF | +108.3% |
| Operating margin | 7.2% | NDF | +347 bps |
| PAT | ₹0.6 Cr | +650.0% | +757.1% |
| PAT margin | 2.1% | NDF | +188 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 12.00
- P/B
- 0.54
- EV/EBITDA
- 8.75
- Market Cap
- 9.40Cr
Profitability
- ROE
- 4.53%
- ROCE
- 9.34%
- ROA
- 1.87%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 21.00%
- EPS 5Y
- 14.00%
- Revenue 3Y
- 7.00%
- EPS 3Y
- 29.00%
Balance Sheet
- Debt/Equity
- 0.94
- Interest Coverage
- 1.38×
- Altman Z
- 2.73
- Book Value
- 25.30
Cash Flow
- FCF Yield
- 24.89%
- FCF Positive Y
- 6/5
- OCF
- 2.20 Cr
- EPS TTM
- 0.95
Shareholding
- Promoter Hold
- 71.19%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 5%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 28.0+7.1% vs prev
Net Profit
₹ CrLatest: 0.6+757.1% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
NeutralTrend is undirectional — long-term trend unclear. RSI 35.
- SMA20 falling (~37.7% over last month) — short-term momentum negative.
- RSI(14) at 35 — sideways, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 61% off 52W high · 7% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
-
RS percentile
Insufficient history
1M return
-3.6%
3M return
-58.9%
6M return
-
1Y return
-
RS 1D
-
RS 20D
-
Sector rank
#12
Industry rank
#32
Stage evidence
- At least 170 daily sessions are required for the trend-stage read.
50-DMA
price below
200-DMA
unavailable
Sector
neutral
Industry
neutral
Relative-strength line vs Nifty 500 (base 100)
61 observations
16 Oct 2026Value 41.93-6.82%
RS vs Nifty 50042
Valuation & peers
U-Score 50 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 50 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
FAIR_VALUE
Fundamental score breakdown
U band · FAIR VALUEValuation21/30
Growth17/25
Quality0/20
Balance Sheet6/15
Cash Flow10/10
Piotroski
6/9 (+3)
Penalties
-7
Raw sum
50
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
50/100 · legacy band FAIR VALUE
Positive drivers
- FCF yield is supportive at 24.9%.
- Fair-value margin of safety is positive at 43.3%.
- Cash flow contributes 10/10 to the score.
Main drags
- Penalty bucket subtracts 7 points.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Balance sheet is weaker at 6/15; verify the latest quarterly trend.
Sector valuation model
Execution business valuation: EV/EBITDA plus order and working-capital risk
Capital-intensive execution stories need cash-flow and balance-sheet checks alongside valuation.
Primary lens
EV/EBITDA and PE against execution quality and margin stability.
Secondary checks
Order book, receivables, working capital, debt, operating cash flow.
Main risk check
Order wins matter only if they convert into cash and margins.
PE
12.0
PB
0.5
EV/EBITDA
8.8
ROE
4.5%
ROCE
9.3%
FCF Yield
24.9%
Debt/Equity
0.9
MoS
+43.3%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
50
Previous: 50
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+43.3%
Previous: +43.3%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
4
4
4
4
4
4
4
4
4
4
50
50
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹23.25
+41.7% MoS
Growth-justified P/E
25.1
Growth-justified Value
₹23.87
+43.3% MoS
PEG
0.60
Comparable companies
Peers
Business-comparable peers in Power — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
LAKSHYA
SME
Lakshya Powertech Ltd.
Electrical Equipment
match 144
21
9.8
9.8%
-29%
OVERVALUED
INDIFRA
SME
Indifra Ltd.
Electrical Equipment
match 132
16
—
-0.9%
-43173%
OVERVALUED
RULKA
SME
Rulka Electricals Ltd.
Electrical Equipment
match 118
47
16.0
9.2%
+45%
FAIR VALUE
CHAMUNDA
SME
Chamunda Electrical Ltd.
Electrical Equipment
match 117
57
14.0
13.1%
+49%
FAIR VALUE
JAINIK
SME
Jainik Power Cables Ltd.
Electrical Equipment
match 117
58
17.5
25.6%
+30%
FAIR VALUE
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Maks Energy Solutions India Ltd. operates in Power Solutions, within the Power sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 31 Mar 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
67Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 52nd percentile of the scored universe and 62nd percentile within Power. Main check: results consistency is weak at 49/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
0 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
52nd percentile
overall median 67 · Power: 62nd pctile, median 65 · SME: 66th pctile, median 64
Evidence depth
Financial-only
0 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
89
strong · profit to cash conversion
Balance sheet
51
watch · leverage and solvency
Discipline
52
watch · capital discipline
Results
49
watch · quarterly consistency
Trust positives
- ▸Promoter holding is 71.2%.
- ▸Promoter pledge is zero.
- ▸FCF yield is 22.3%.
- ▸6 years of positive FCF.
Trust risks
- ▸2 latest quarters had PAT decline worse than 25% YoY.
- ▸Interest coverage is 1.4x.
- ▸ROE is low at 4.5%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Maks Energy Solutions India Ltd.
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual report
Annual Report 2025
Source: Nse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.