Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 20.49 | 24.17 | 30.01 | 40.49 | 40.18 | 40.04 | 39.78 | 51.47 | 48.77 | 49.77 | 49.43 | 51.91 |
| Expenses | 19.92 | 17.90 | 22.20 | 25.26 | 31.64 | 28.47 | 30.72 | 37.56 | 38.68 | 46.84 | 52.63 | 43.79 |
| Operating Profit | 0.57 | 6.27 | 7.81 | 15.23 | 8.54 | 11.57 | 9.06 | 13.91 | 10.09 | 2.93 | -3.20 | 8.12 |
| OPM % | 2.78% | 25.94% | 26.02% | 37.61% | 21.25% | 28.90% | 22.78% | 27.03% | 20.69% | 5.89% | -6.47% | 15.64% |
| Other Income | 7.29 | 6.30 | 8.55 | 7.21 | 12.60 | 31.85 | 37.52 | 28.66 | 25.86 | 21.68 | 21.15 | 28.17 |
| Interest | 10.52 | 13.88 | 14.21 | 16.55 | 13.94 | 14.83 | 16.55 | 17.32 | 16.28 | 15.63 | 16.19 | 16.73 |
| Depreciation | 6.37 | 6.89 | 8.45 | 8.77 | 8.41 | 8.16 | 8.76 | 8.41 | 8.04 | 8.02 | 7.93 | 8.17 |
| Profit before tax | -9.03 | -8.20 | -6.30 | -2.88 | -1.21 | 20.43 | 21.27 | 16.84 | 11.63 | 0.96 | -6.17 | 11.39 |
| Tax % | -49.94% | -8.41% | -24.92% | -30.56% | 14.05% | 22.61% | 34.23% | 29.10% | 32.85% | 96.88% | -33.87% | 26.60% |
| Net Profit | -4.51 | -7.51 | -4.73 | -2.00 | -1.38 | 15.82 | 13.99 | 11.94 | 7.82 | 0.02 | -4.08 | 8.35 |
| EPS in Rs | 0.01 | -0.21 | -0.10 | 0.11 | 0.13 | 1.23 | 1.08 | 0.71 | 0.45 | -0.07 | -0.31 | 0.29 |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|
| Sales | 69 | 107 | 93 | 160 | 199 | 200 |
| Expenses | 39 | 76 | 75 | 116 | 175 | 182 |
| Operating Profit | 31 | 32 | 18 | 44 | 24 | 18 |
| OPM % | 44% | 30% | 19% | 28% | 12% | 9% |
| Other Income | 5 | 24 | -17 | 89 | 97 | 97 |
| Interest | 16 | 19 | 43 | 62 | 65 | 65 |
| Depreciation | 11 | 15 | 25 | 34 | 32 | 32 |
| Profit before tax | 8 | 22 | -68 | 38 | 23 | 18 |
| Tax % | 42% | 16% | -19% | 30% | 33% | |
| Net Profit | 5 | 18 | -55 | 26 | 16 | 12 |
| EPS in Rs | -2.87 | 2.53 | 0.77 | 0.36 | ||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | % | 23% | 17% | ||
| Compounded Profit Growth | % | % | % | -88% | ||
| Stock Price CAGR | % | % | % | 22% | ||
| Return on Equity | % | 0% | -1% | -1% |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 78 | 0.00 | 147 | 161 | 163 |
| Reserves | 531 | 1,211 | 1,024 | 2,117 | 2,256 |
| Borrowings | 315 | 862 | 962 | 1,656 | 2,412 |
| Other Liabilities | 101 | 144 | 961 | 3,295 | 7,582 |
| Total Liabilities | 1,025 | 2,216 | 3,094 | 7,229 | 12,414 |
| Fixed Assets | 898 | 1,427 | 1,826 | 2,047 | 2,523 |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 13 | 160 | 93 | 587 | 385 |
| Other Assets | 114 | 629 | 1,175 | 4,596 | 9,506 |
| Total Assets | 1,025 | 2,216 | 3,094 | 7,229 | 12,414 |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Cash from Operating Activity | 41 | -456 | 271 | 225 | -616 |
| Cash from Investing Activity | -121 | -52 | -292 | -1,993 | -288 |
| Cash from Financing Activity | 78 | 521 | 234 | 1,766 | 879 |
| Net Cash Flow | -2 | 13 | 213 | -2 | -24 |
| Free Cash Flow | -88 | -979 | -50 | -452 | -696 |
| CFO/OP | 147% | -1,339% | 1,559% | 669% | -2,322% |
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 10 | 20 | 31 | 33 | 22 |
| Inventory Days | 271 | 6,553 | |||
| Days Payable | 197 | 458 | |||
| Cash Conversion Cycle | 85 | 6,115 | 31 | 33 | 22 |
| Working Capital Days | -105 | 993 | 6 | 1,013 | 5,036 |
| ROCE % | 2% | 0% | 3% | 1% |
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 49.51% | 49.51% | 49.42% | 45.26% | 45.25% | 45.25% | 45.24% | 45.23% | 44.90% | 45.27% | 45.25% |
| FIIs | 29.53% | 27.61% | 27.54% | 27.55% | 27.78% | 27.43% | 27.13% | 26.60% | 25.67% | 25.88% | 25.84% |
| DIIs | 0.01% | 0.20% | 0.03% | 5.72% | 5.79% | 6.30% | 6.27% | 6.80% | 7.78% | 7.65% | 8.20% |
| Public | 20.96% | 22.69% | 23.02% | 21.47% | 21.18% | 21.01% | 21.36% | 21.37% | 21.65% | 21.19% | 20.69% |
| No. of Shareholders | 24,640 | 25,073 | 26,305 | 28,172 | 28,378 | 30,079 | 31,058 | 32,113 | 31,336 | 30,720 | 29,722 |
Fundamentals
Market Cap₹ 9,312 Cr.
Current Price₹ 569
Stock P/E1,586
Book Value₹ 148
ROCE1.40 %
ROE-1.27 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)17%
Compounded Profit Growth (TTM)-88%
Consolidated figures.
Ownership
Promoter holding45.25% (+0.01 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | MAXESTATES | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -8.2% | -2.8% | -5.4 pts |
| 1 month | +12.6% | -6.8% | +19.4 pts |
| 3 months | +30.9% | -7.6% | +38.5 pts |
| 6 months | +83.4% | +0.4% | +83.0 pts |
| 1 year | +23.3% | -9.9% | +33.2 pts |
| 2 years | -4.1% | -13.6% | +9.5 pts |
13 mutual fund schemes hold about ₹669 Cr.
Over three months 2 bought more and 11 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| Kotak Small Cap Fund | 0.66% | 131 | -8% |
| Nippon India Small Cap Fund | 0.16% | 129 | -13% |
| Bandhan Small Cap Fund | 0.27% | 94 | -19% |
| Invesco India Large & Mid Cap Fund | 0.67% | 78 | -18% |
| Invesco India Midcap Fund | 0.43% | 69 | -21% |
| Invesco India Smallcap Fund | 0.32% | 50 | -22% |
| Bandhan Large & Mid Cap Fund | 0.23% | 48 | -18% |
| Nippon India Multi Asset Allocation Fund | 0.15% | 27 | -19% |
| Invesco India ELSS Tax Saver Fund | 0.75% | 21 | +100% |
| Invesco India Business Cycle Fund | 1.47% | 20 | -21% |
| Summit Equity Long-Short Fund | 1.45% | 4 | +100% |
| Motilal Oswal BSE 1000 Index Fund | 0.01% | 0 | -10% |
| Invesco India Flexi Cap Fund | 0.00% | 0 | -100% |
Red flags
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹52 Cr +0.9% vs Jun 2025.
Net profit ₹8 Cr -30.1%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| DLF Ltd | 161,638 | 37.6 | 6.32 % |
| Lodha Developers Ltd | 110,592 | 26.8 | 16.4 % |
| Phoenix Mills Ltd | 68,996 | 53.2 | 12.4 % |
| Oberoi Realty Ltd | 64,099 | 24.2 | 17.3 % |
| Prestige Estates Projects Ltd | 61,056 | 53.6 | 10.4 % |
| Godrej Properties Ltd | 49,232 | 30.4 | 7.63 % |
| Anant Raj Ltd | 21,675 | 37.5 | 12.1 % |
| Brigade Enterprises Ltd | 18,370 | 27.0 | 10.5 % |
| Horizon Industrial Parks Ltd | 14,709 | 3.18 % | |
| Sobha Ltd | 13,008 | 56.4 | 6.86 % |
| Aditya Birla Real Estate Ltd | 12,963 | -4.48 % | |
| SignatureGlobal India Ltd | 10,614 | 2.38 % | |
| Sri Lotus Developers & Realty Ltd | 10,466 | 40.7 | 21.2 % |
| Embassy Developments Ltd | 7,833 | -2.44 % | |
| Mahindra Lifespace Developers Ltd | 7,703 | 24.8 | 7.64 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2023-12-15 | Annual General Meeting |
| Date | Type | What it says |
|---|---|---|
| 2026-10-01 | Press Release | A press release dated October 01, 2026, titled "Max Estates achieves Dual 5-Star Rating in GRESB 2026 for the second consecutive year; ranks No. 1 amo... |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
High low price variation greater than 100perc in previous 6 monthsScrip PE is greater than 50 (4 trailing quarters)
Quick answers
What is the market cap of Max Estates Ltd?
Max Estates Ltd (MAXESTATES) has a market capitalisation of Rs 9,312 Cr. at the 2026-10-01 close.
What is the P/E ratio of Max Estates Ltd?
Max Estates Ltd trades at a P/E of 1,586 on trailing twelve-month profit, at the 2026-10-01 close.
What were Max Estates Ltd's latest quarterly results?
In the Jun 2026 quarter, Max Estates Ltd sales was Rs 52 Cr (+0.9% vs Jun 2025) and net profit was Rs 8 Cr.
What is the 52-week high and low of Max Estates Ltd?
The 52-week high is Rs 652.80 and the 52-week low is Rs 305.45.