CMP: 248

Max India Limited operates in the insurance and health industry. The Company, through its subsidiaries and joint ventures, provides life insurance and health insurance products as well as healthcare services. Max India also manufactures a range of barrier and packaging films. Some of their Popular product names are "Max Life Insurance", "Max Healthcare", "Max Bupa" and so on.

Max India is a wild bet in mid-cap space which is in the rare niche of insurance business with no other listed players in India. Debt levels have been reduced and is now running at a debt of 96 Crores with 138 Crores cash in hand. Revenues have risen from 155 Crores to 747 Crores in the last 5 years. Profits have risen from 14 Crores to 21 Crores and then slipped into losses of 15 Crores. Keep exposure minimal as its a wild bet.