Company Overview

Maks Energy Solutions India Limited is an India-based company engaged in the trading, assembly, and sale of diesel generator sets and ancillary products, as well as the distribution of commercial vehicle spare parts. The company trades in various products including diesel engines, diesel generating set spare parts, Tata spare parts, ancillary products, alternators, MS plates, and TMT bars. It serves diverse industries such as manufacturing, realty, education, automotive, dairy, hospitality, and information technology.

Maks Energy Solutions India Private Limited was incorporated on July 27, 2010, under the Companies Act, 1956. It was converted into a Public Limited Company on October 23, 2019, and its name was changed to 'Maks Energy Solutions India Limited' on November 21, 2019. Founded by Promoter Mr. Sourabh Mahendra Shaw, the company is primarily engaged in manufacturing, assembling, marketing, selling, installing, testing, and commissioning diesel generator sets for both domestic and international markets.

Business Operations and Manufacturing Process

Incorporated in 2010, MAKS Energy Solutions Ltd deals in the manufacturing, supply, installation, sales, servicing, hiring, and commissioning of DG sets and earthmoving equipment. The company is a manufacturing and export house in the Silent Generator Sets segment. It procures Diesel Engines, Alternators, and other parts from suppliers, then assembles and sells these Diesel Generating Sets and spare parts to domestic and export markets. Additionally, the company has ventured into the distribution of auto spare parts in Maharashtra.

The company sources engines from OEM partners and assembles the sets with other required peripherals from various suppliers. These include control panels, customized synchronized panels, base frames, fuel tanks, canopies, acoustic enclosures, and room acoustic materials, which are then sold as DG Sets.

The company operates through a robust distribution network, with 5 self-owned sales and service offices located in Pune, Delhi, Kolkata, Chennai, and Ranchi, enabling it to serve customers effectively across different geographical regions.

Key Financial Metrics and Market Position

Maks Energy Solutions India Ltd, incorporated in 2010, has its registered office in Pune, Maharashtra. The main industry in which Maks Energy Solutions India Ltd operates is Electric Equipment.

As of recent market data, the company maintains a modest market presence in the Indian stock markets. The market capitalization of Maks Energy Solutions India Ltd (MAKS) was ₹19.29 Cr as of May 2, 2025. The stock has shown volatility, with a 52-week high of ₹79.85 and a 52-week low of ₹25.50.

Key financial ratios include:

• P/E Ratio: 71.45

• ROCE: 9.49 %

• ROE: 4.33 %

• Face Value: ₹10.0

The company operates in the essential power generation sector, serving diverse industries that require reliable diesel generator sets for backup power solutions. With its established manufacturing capabilities and distribution network, Maks Energy Solutions continues to serve the growing demand for power generation equipment in India's expanding industrial landscape.

Management and Leadership

The company is led by an experienced management team. Mahendra Madhairam Shaw serves as the Chairman, and Shreyas Mokashi is the Company Secretary. The leadership team includes Chairman: Mahendra Madhairam Shaw and Managing Director: Sourabh Mahendra Shaw, ensuring strategic direction and operational oversight.

Recent Financial Performance and Compliance

Audited FY25 results were issued with a qualified opinion due to ₹470.67 Lakhs in doubtful receivables and ₹80.62 Lakhs in vendor advances, indicating challenges in receivables management that the company has been addressing.

The company maintains regulatory compliance, with an SDD Compliance Certificate filed for the financial year ended March 31, 2025, showing no observed non-compliances. However, the Exchange has sought clarification from Maks Energy Solutions India Limited for the quarter ended March 31, 2025, concerning Regulation 33 of the SEBI (LODR) Regulations, indicating ongoing regulatory engagement.

For the year ended March 31, 2022, the company reported:

• Total Operating Revenue: ₹25.54 Cr

• Equity Capital: ₹4.94 Cr

Market Classification and Trading Characteristics

Please note that this is a thinly traded stock. Maks Energy Solutions belongs to the Electric Equipment - Gensets/Turbines industry. This classification reflects the company's core business focus on power generation equipment, which serves as critical infrastructure support across multiple industries.

Investment Considerations

Investors should note that the Company has a low interest coverage ratio and a low return on equity of 3.60% over the last 3 years. Additionally, Promoter holding has decreased significantly over the last 3 years (-28.8%), which represents a considerable change in ownership structure that potential investors should consider.