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24287.65

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77728.16

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Nifty
Sensex

:
:

24287.65
77728.16

-78.35 (-0.32%)
-281.09 (-0.36%)

Max Estates Ltd.

Construction - Real Estate

Rating :

57/99

BSE: 544008 | NSE: MAXESTATES

Watchlist

NSE BSE

474.35

17-Aug-2026

Open
High
Low
Previous Close

444.25
482
444.25
441.95

Volume
Traded Value (lacs)
52 Week High
52 Week Low

777179
366207491.2
502.15
305.45

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

7,704.73
666.33
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

9,465.93
N/A
3.19

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

-
-
28.99

EBITDA CAGR (%)

10 Years
5 Years
3 Years

-
-
5.96

PAT CAGR (%)

10 Years
5 Years
3 Years

-
-
39.71

P:E (Median)

8 Years
5 Years
3 Years

-
-
178.94

P:BV (Average)

8 Years
5 Years
3 Years

-
-
3.74

EV:EBITDA (Average)

8 Years
5 Years
3 Years

-
-
89.52

Earnings Forecasts:

(Updated: 15-08-2026)

Description 2026 2027 2028 2029
Adj EPS 44 -7 318.2 1.57
P/E Ratio 10.78 -67.76 1.49 302.13
Revenue - 15.36 - 215.26
EBITDA 231.2 2128 3671.05 48.38
Net Income 0.08 603.22 1522.2 26.67
ROA -25.3 480.82 904.2 -0.88
P/B Ratio 0.35 0.20 -0.44 3.34
ROE 2.81 2.43 1.78 -0.2
FCFF -1.29 15.09 33.16 -667.97
FCFF Yield -691.91 648.05 5281.64 -7.39
Net Debt -7.65 7.17 58.42 663.85
BVPS 1351.8 2327.17 -1072.9 141.85

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Jun 26 Jun 25 Var% Mar 26 Mar 25 Var% Dec 25 Dec 24 Var% Sep 25 Sep 24 Var%
Net Sales 18.84 13.72 37.32% 14.21 10.82 31.33% 13.45 7.99 68.34% 14.09 7.48 88.37%
Expenses 22.90 15.13 51.35% 21.14 14.65 44.30% 17.74 14.24 24.58% 19.07 10.62 79.57%
EBITDA -4.06 -1.41 - -6.93 -3.83 - -4.29 -6.26 - -4.98 -3.14 -
EBIDTM -21.53% -10.26% -48.78% -35.34% -31.87% -78.36% -35.32% -41.95%
Other Income 27.40 43.56 -37.10% 27.35 29.43 -7.07% 28.93 31.20 -7.28% 26.96 291.60 -90.75%
Interest 2.92 1.41 107.09% 1.86 1.43 30.07% 1.28 1.26 1.59% 1.36 1.51 -9.93%
Depreciation 1.82 1.82 0.00% 1.85 1.63 13.50% 1.62 1.65 -1.82% 1.61 1.80 -10.56%
PBT 18.61 38.93 -52.20% 16.70 22.55 -25.94% 21.74 22.03 -1.32% 19.02 285.14 -93.33%
Tax 6.48 9.67 -32.99% 8.74 7.38 18.43% 6.88 5.22 31.80% 7.50 43.63 -82.81%
PAT 12.13 29.25 -58.53% 7.96 15.17 -47.53% 14.87 16.81 -11.54% 11.52 241.52 -95.23%
PATM 64.39% 213.25% 56.03% 140.13% 110.52% 210.46% 81.73% 3,228.86%
EPS 0.74 1.79 -58.66% 0.49 0.93 -47.31% 0.91 1.03 -11.65% 0.70 14.77 -95.26%

Description Jun 26 Jun 25 Var% Mar 26 Mar 25 Var% Dec 25 Dec 24 Var% Sep 25 Sep 24 Var%
Net Sales 51.91 51.47 0.85% 49.43 39.78 24.26% 49.77 40.04 24.30% 48.77 40.18 21.38%
Expenses 43.79 37.56 16.59% 52.64 30.73 71.30% 46.84 28.47 64.52% 38.69 31.64 22.28%
EBITDA 8.12 13.92 -41.67% -3.20 9.06 - 2.93 11.57 -74.68% 10.09 8.54 18.15%
EBIDTM 15.65% 27.04% -6.48% 22.77% 5.88% 28.89% 20.68% 21.25%
Other Income 28.16 28.66 -1.74% 21.15 37.52 -43.63% 21.68 31.85 -31.93% 25.86 12.60 105.24%
Interest 16.73 17.32 -3.41% 16.19 16.55 -2.18% 15.63 14.83 5.39% 16.28 13.94 16.79%
Depreciation 8.17 8.41 -2.85% 7.93 8.76 -9.47% 8.02 8.16 -1.72% 8.04 8.41 -4.40%
PBT 11.39 16.84 -32.36% -6.17 21.27 - 0.96 20.43 -95.30% 11.63 -1.21 -
Tax 3.04 4.90 -37.96% -2.09 7.28 - 0.93 4.62 -79.87% 3.82 0.17 2,147.06%
PAT 8.35 11.93 -30.01% -4.08 13.99 - 0.02 15.81 -99.87% 7.81 -1.38 -
PATM 16.09% 23.18% -8.25% 35.17% 0.05% 39.50% 16.02% -3.44%
EPS 0.51 0.74 -31.08% -0.25 0.87 - 0.00 0.98 -100.00% 0.45 0.13 246.15%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 26 Mar 25 Mar 24 Mar 23
Net Sales 60.59 55.47 41.10 29.37 49.29 Net Sales Growth 51.44% 34.96% 39.94% -40.41% Cost Of Goods Sold -0.01 0.00 1.87 0.00 11.39 Gross Profit 60.60 55.47 39.23 29.37 37.90 GP Margin 100.01% 100% 95.45% 100% 76.89% Total Expenditure 80.85 73.07 52.24 39.36 49.11 Power & Fuel Cost - 0.00 0.00 0.00 0.00 % Of Sales - 0% 0% 0% 0% Employee Cost - 35.74 22.12 16.44 17.51 % Of Sales - 64.43% 53.82% 55.98% 35.52% Manufacturing Exp. - 9.12 9.11 6.23 2.18 % Of Sales - 16.44% 22.17% 21.21% 4.42% General & Admin Exp. - 20.00 16.78 13.70 15.14 % Of Sales - 36.06% 40.83% 46.65% 30.72% Selling & Distn. Exp. - 6.27 1.04 1.90 1.40 % Of Sales - 11.30% 2.53% 6.47% 2.84% Miscellaneous Exp. - 1.94 1.32 1.08 1.50 % Of Sales - 3.50% 3.21% 3.68% 3.04% EBITDA -20.26 -17.60 -11.14 -9.99 0.18 EBITDA Margin -33.44% -31.73% -27.10% -34.01% 0.37% Other Income 110.64 126.79 365.95 47.00 49.56 Interest 7.42 5.91 8.85 14.11 11.33 Depreciation 6.90 6.89 6.96 5.26 5.14 PBT 76.07 96.39 339.01 17.64 33.27 Tax 29.60 32.80 58.11 -5.68 0.52 Tax Rate 38.91% 34.03% 17.14% -32.20% 1.56% PAT 46.48 63.60 280.90 23.32 32.75 PAT before Minority Interest 46.48 63.60 280.90 23.32 32.75 Minority Interest 0.00 0.00 0.00 0.00 0.00 PAT Margin 76.71% 114.66% 683.45% 79.40% 66.44% PAT Growth -84.65% -77.36% 1,104.55% -28.79% EPS 2.84 3.89 17.18 1.43 2.00

Description TTM Mar 26 Mar 25 Mar 24 Mar 23
Net Sales 199.88 199.45 160.49 92.94 107.34 Net Sales Growth 16.57% 24.28% 72.68% -13.42% Cost Of Goods Sold -0.01 3.84 4.55 0.00 21.55 Gross Profit 199.89 195.61 155.94 92.94 85.80 GP Margin 100.00% 98.07% 97.16% 100% 79.93% Total Expenditure 181.96 175.72 116.09 75.17 75.67 Power & Fuel Cost - 6.12 5.76 3.40 2.51 % Of Sales - 3.07% 3.59% 3.66% 2.34% Employee Cost - 33.26 17.63 12.28 15.38 % Of Sales - 16.68% 10.99% 13.21% 14.33% Manufacturing Exp. - 8.27 8.13 6.65 2.59 % Of Sales - 4.15% 5.07% 7.16% 2.41% General & Admin Exp. - 46.35 36.95 26.93 27.37 % Of Sales - 23.24% 23.02% 28.98% 25.50% Selling & Distn. Exp. - 69.36 38.39 22.59 4.07 % Of Sales - 34.78% 23.92% 24.31% 3.79% Miscellaneous Exp. - 8.53 4.68 3.32 2.21 % Of Sales - 4.28% 2.92% 3.57% 2.06% EBITDA 17.94 23.73 44.40 17.77 31.67 EBITDA Margin 8.98% 11.90% 27.67% 19.12% 29.50% Other Income 96.85 97.35 89.19 27.33 23.94 Interest 64.83 65.41 61.87 42.99 18.62 Depreciation 32.16 32.41 34.10 25.40 14.91 PBT 17.81 23.25 37.62 -23.29 22.08 Tax 5.70 7.56 11.19 -12.62 3.62 Tax Rate 32.00% 32.52% 29.74% 18.63% 16.39% PAT 12.10 12.51 40.81 -42.16 19.02 PAT before Minority Interest 11.55 15.69 26.43 -55.12 18.47 Minority Interest -0.55 -3.18 14.38 12.96 0.55 PAT Margin 6.05% 6.27% 25.43% -45.36% 17.72% PAT Growth -70.01% -69.35% - - EPS 0.74 0.77 2.50 -2.58 1.16

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 26 Mar 25 Mar 24 Mar 23
Shareholder's Funds 2,553.46 2,360.94 1,259.14 1,233.61 Share Capital 163.45 161.00 147.13 0.00 Total Reserves 2,377.07 2,158.13 1,107.67 1,084.22 Non-Current Liabilities 47.16 94.51 181.33 145.75 Secured Loans 0.90 0.10 91.62 97.32 Unsecured Loans 0.00 0.00 0.00 0.00 Long Term Provisions 2.12 1.48 1.16 1.19 Current Liabilities 207.71 34.99 88.94 89.47 Trade Payables 10.42 6.86 3.88 9.77 Other Current Liabilities 17.96 15.87 21.59 12.35 Short Term Borrowings 177.50 10.50 62.17 65.37 Short Term Provisions 1.83 1.76 1.31 1.97 Total Liabilities 2,808.33 2,490.44 1,529.41 1,468.83 Net Block 14.96 15.64 20.48 22.17 Gross Block 33.13 27.38 26.31 24.38 Accumulated Depreciation 18.18 11.74 5.83 2.22 Non Current Assets 2,245.38 1,195.13 1,289.63 1,154.82 Capital Work in Progress 0.00 0.00 0.27 0.00 Non Current Investment 2,006.02 1,134.64 1,146.81 1,005.09 Long Term Loans & Adv. 7.62 7.65 12.58 9.44 Other Non Current Assets 216.79 37.20 40.18 47.70 Current Assets 562.94 1,295.30 239.78 314.01 Current Investments 70.35 355.78 4.12 104.15 Inventories 0.00 0.00 1.94 1.95 Sundry Debtors 6.98 21.07 11.02 3.94 Cash & Bank 15.95 327.13 18.61 15.45 Other Current Assets 469.68 19.12 11.87 6.67 Short Term Loans & Adv. 463.50 572.18 192.21 181.85 Net Current Assets 355.23 1,260.31 150.84 224.55 Total Assets 2,808.32 2,490.43 1,529.41 1,468.83

Description Mar 26 Mar 25 Mar 24 Mar 23
Shareholder's Funds 2,419.91 2,278.47 1,170.90 1,211.20 Share Capital 163.45 161.00 147.13 0.00 Total Reserves 2,243.97 2,076.10 1,019.88 1,061.93 Non-Current Liabilities 4,300.14 2,389.77 943.46 823.61 Secured Loans 1,785.56 1,239.18 647.52 673.32 Unsecured Loans 520.97 230.48 215.16 77.49 Long Term Provisions 6.38 3.84 2.80 1.69 Current Liabilities 4,780.42 2,107.16 642.53 129.72 Trade Payables 1,018.40 453.12 33.39 27.04 Other Current Liabilities 3,720.95 1,648.95 605.17 37.58 Short Term Borrowings 33.20 0.00 0.00 62.59 Short Term Provisions 7.87 5.10 3.97 2.52 Total Liabilities 12,241.74 7,157.87 3,036.52 2,207.20 Net Block 17.12 18.38 22.04 22.33 Gross Block 32.86 31.59 28.98 25.48 Accumulated Depreciation 15.74 13.21 6.93 3.15 Non Current Assets 3,714.03 2,939.72 2,042.63 1,638.24 Capital Work in Progress 0.00 0.00 0.27 0.00 Non Current Investment 5.18 5.12 2.69 53.63 Long Term Loans & Adv. 217.70 556.24 97.75 122.16 Other Non Current Assets 968.33 331.55 116.08 35.03 Current Assets 8,527.71 4,218.15 993.90 568.96 Current Investments 380.18 582.01 89.96 105.96 Inventories 6,888.06 2,285.00 532.87 386.92 Sundry Debtors 12.27 14.50 8.01 5.78 Cash & Bank 615.03 1,083.36 263.52 41.37 Other Current Assets 632.17 25.56 24.32 8.66 Short Term Loans & Adv. 595.43 227.71 75.21 20.27 Net Current Assets 3,747.29 2,110.99 351.37 439.24 Total Assets 12,241.74 7,157.87 3,036.53 2,207.20

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 26 Mar 25 Mar 24 Mar 23
Cash From Operating Activity -207.59 -48.71 -36.34 -19.77 PBT 96.39 339.01 17.64 33.27 Adjustment -90.19 -346.99 -27.16 -31.44 Changes in Working Capital -189.24 1.36 -21.72 0.86 Cash after chg. in Working capital -183.03 -6.62 -31.24 2.69 Interest Paid 0.00 0.00 0.00 0.00 Tax Paid -24.56 -42.08 -5.11 -22.45 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 Cash From Investing Activity -61.55 -606.13 60.43 -106.03 Net Fixed Assets -5.75 -0.80 -2.20 Net Investments -585.95 -339.49 -41.69 Others 530.15 -265.84 104.32 Cash from Financing Activity 269.01 654.29 -24.15 125.26 Net Cash Inflow / Outflow -0.13 -0.55 -0.05 -0.54 Opening Cash & Equivalents 0.96 1.50 1.56 0.56 Closing Cash & Equivalent 0.83 0.96 1.50 1.56

Description Mar 26 Mar 25 Mar 24 Mar 23
Cash From Operating Activity -615.65 225.00 270.70 -456.35 PBT 23.25 37.62 -67.74 22.08 Adjustment 9.03 10.46 87.01 19.18 Changes in Working Capital -591.10 248.85 257.72 -465.37 Cash after chg. in Working capital -558.83 296.94 276.99 -424.11 Interest Paid 0.00 0.00 0.00 0.00 Tax Paid -56.82 -71.93 -6.29 -32.25 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 Cash From Investing Activity -291.19 -1,993.08 -291.66 -52.14 Net Fixed Assets -5.75 -0.80 -2.20 Net Investments -585.95 -339.49 -41.69 Others 300.51 -1,652.79 -247.77 Cash from Financing Activity 879.03 1,766.36 234.07 521.29 Net Cash Inflow / Outflow -27.81 -1.72 213.11 12.79 Opening Cash & Equivalents 229.02 230.74 17.63 4.83 Closing Cash & Equivalent 204.88 229.02 230.74 17.63

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 26 Mar 25 Mar 24 Mar 23
Book Value (Rs.) 155.44 144.04 85.28 0.00 ROA 2.40% 13.98% 1.56% 2.23% ROE 2.62% 15.72% 1.99% 3.02% ROCE 4.01% 18.35% 2.25% 3.18% Fixed Asset Turnover 1.83 1.53 1.16 2.02 Receivable days 92.28 142.52 92.96 29.18 Inventory Days 0.00 0.00 24.21 14.45 Payable days 0.00 1049.54 0.00 313.20 Cash Conversion Cycle 92.28 -907.02 117.16 -269.57 Total Debt/Equity 0.07 0.00 0.13 0.16 Interest Cover 17.30 39.32 2.25 3.94

Description Mar 26 Mar 25 Mar 24 Mar 23
Book Value (Rs.) 147.29 138.95 79.32 0.00 ROA 0.16% 0.52% -2.10% 0.84% ROE 0.68% 1.55% -4.95% 1.74% ROCE 2.05% 3.33% -1.19% 2.00% Fixed Asset Turnover 6.19 5.30 3.41 4.21 Receivable days 24.49 25.61 27.09 19.66 Inventory Days 8393.38 3204.38 1806.06 1315.66 Payable days 0.00 0.00 0.00 458.03 Cash Conversion Cycle 8417.88 3229.98 1833.15 877.28 Total Debt/Equity 0.99 0.71 0.81 0.78 Interest Cover 1.36 1.61 -0.58 2.19

Top Investors:

new york life international holdings ltd

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nippon life india trustee ltd-a/c nippon india multi asset allocation fund

india insight value fund

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atul behari lall

kotak small cap fund

habrok india master lp

new york life insurance company

Annual Reports:

News Update:

Max Estates launches ‘The Terraces’ residential project in Gurugram
13th May 2026, 17:50 PM

The Terraces offers 1.5 & 2-bedroom smart homes and duplex loft residences
Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

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