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Nifty
Sensex
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:
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85712.37
152.70 (0.59%)
447.05 (0.52%)

Max Estates Ltd.

Construction - Real Estate

Rating :
56/99

BSE: 544008 | NSE: MAXESTATES

NSE BSE
459.65
05-Dec-2025
  • Open
  • High
  • Low
  • Previous Close
  •  465.9
  •  471.6
  •  450.55
  •  465.90
  • Volume
  • Traded Value (lacs)
  • 52 Week High
  • 52 Week Low
  •  48846
  •  22485854.9
  •  630
  •  341.1

Stock Summary

  • Market Cap(Crs)
  • Stock P:E
  • Face Value
  • 7,448.07
  • 133.48
  • 10
  • Enterprise Value(Crs)
  • Dividend Yield
  • Price:Book Value
  • 8,745.42
  • N/A
  • 3.19

Shareholding Pattern

  • Promoter
  • Corporate
  • Public
  • 45.24%
  • 2.23%
  • 14.31%
  • FII
  • DII
  • Others
  • 26.6%
  • 6.68%
  • 4.94%

Chart

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

Revenue CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • -
  • -
  • 14.35

EBITDA CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • -
  • -
  • 6.99

PAT CAGR (%)

  • 10 Years
  • 5 Years
  • 3 Years
  • -
  • -
  • 28.98

P:E (Median)

  • 8 Years
  • 5 Years
  • 3 Years
  • -
  • -
  • -

P:BV (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • -
  • -
  • -

EV:EBITDA (Average)

  • 8 Years
  • 5 Years
  • 3 Years
  • -
  • -
  • -

Earnings Forecasts:

(Updated: 29-11-2025)
Description
2024
2025
2026
2027
Adj EPS
2.63
P/E Ratio
174.77
Revenue
160.49
EBITDA
44.4
Net Income
40.81
ROA
0.79
P/B Ratio
32.48
ROE
2.37
FCFF
-464.03
FCFF Yield
-5.75
Net Debt
-9.2
BVPS
14.15

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone
Description
Sep 25
Sep 24
Var%
Jun 25
Jun 24
Var%
Mar 25
Mar 24
Var%
Dec 24
Dec 23
Var%
Net Sales
48.77
40.18
21.38%
51.47
40.49
27.12%
39.78
30.01
32.56%
40.04
24.17
65.66%
Expenses
38.69
31.64
22.28%
37.56
25.26
48.69%
30.73
22.20
38.42%
28.47
17.91
58.96%
EBITDA
10.09
8.54
18.15%
13.92
15.23
-8.60%
9.06
7.80
16.15%
11.57
6.27
84.53%
EBIDTM
20.68%
21.25%
27.04%
37.62%
22.77%
26.00%
28.89%
25.92%
Other Income
25.86
12.60
105.24%
28.66
7.21
297.50%
37.52
8.55
338.83%
31.85
6.30
405.56%
Interest
16.28
13.94
16.79%
17.32
16.55
4.65%
16.55
14.21
16.47%
14.83
13.88
6.84%
Depreciation
8.04
8.41
-4.40%
8.41
8.77
-4.10%
8.76
8.45
3.67%
8.16
6.89
18.43%
PBT
11.63
-1.21
-
16.84
-2.88
-
21.27
-6.31
-
20.43
-8.20
-
Tax
3.82
0.17
2,147.06%
4.90
-0.88
-
7.28
-1.58
-
4.62
-0.69
-
PAT
7.81
-1.38
-
11.93
-2.00
-
13.99
-4.73
-
15.82
-7.51
-
PATM
16.02%
-3.44%
23.18%
-4.93%
35.17%
-15.77%
39.50%
-31.07%
EPS
0.45
0.13
246.15%
0.71
0.11
545.45%
1.08
-0.10
-
1.23
-0.21
-

Annual Results

Standalone Figures in Rs. Crores /

Consolidated
Description
TTM
Mar 25
Mar 24
Mar 23
Net Sales
180.06
160.49
92.94
107.34
Net Sales Growth
33.53%
72.68%
-13.42%
 
Cost Of Goods Sold
3.83
4.55
0.00
21.55
Gross Profit
176.23
155.94
92.94
85.80
GP Margin
97.87%
97.16%
100%
79.93%
Total Expenditure
135.45
116.09
75.17
75.67
Power & Fuel Cost
-
5.76
3.40
2.51
% Of Sales
-
3.59%
3.66%
2.34%
Employee Cost
-
17.63
12.28
15.38
% Of Sales
-
10.99%
13.21%
14.33%
Manufacturing Exp.
-
8.13
6.65
2.59
% Of Sales
-
5.07%
7.16%
2.41%
General & Admin Exp.
-
37.68
26.93
27.37
% Of Sales
-
23.48%
28.98%
25.50%
Selling & Distn. Exp.
-
38.39
22.59
4.07
% Of Sales
-
23.92%
24.31%
3.79%
Miscellaneous Exp.
-
3.95
3.32
2.21
% Of Sales
-
2.46%
3.57%
2.06%
EBITDA
44.64
44.40
17.77
31.67
EBITDA Margin
24.79%
27.67%
19.12%
29.50%
Other Income
123.89
89.19
27.33
23.94
Interest
64.98
61.87
42.99
18.62
Depreciation
33.37
34.10
25.40
14.91
PBT
70.17
37.62
-23.29
22.08
Tax
20.62
11.19
-12.62
3.62
Tax Rate
29.39%
29.74%
18.63%
16.39%
PAT
49.55
40.81
-42.16
19.02
PAT before Minority Interest
55.79
26.43
-55.12
18.47
Minority Interest
6.24
14.38
12.96
0.55
PAT Margin
27.52%
25.43%
-45.36%
17.72%
PAT Growth
417.22%
-
-
 
EPS
3.08
2.53
-2.62
1.18

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated
Description
Mar 25
Mar 24
Mar 23
Shareholder's Funds
2,278.47
1,170.90
1,211.20
Share Capital
161.00
147.13
0.00
Total Reserves
2,076.10
1,019.88
1,061.93
Non-Current Liabilities
2,389.77
943.46
823.61
Secured Loans
1,239.18
647.52
673.32
Unsecured Loans
230.48
215.16
77.49
Long Term Provisions
3.84
2.80
1.69
Current Liabilities
2,107.16
642.53
129.72
Trade Payables
453.12
33.39
27.04
Other Current Liabilities
1,648.95
605.17
37.58
Short Term Borrowings
0.00
0.00
62.59
Short Term Provisions
5.10
3.97
2.52
Total Liabilities
7,157.87
3,036.52
2,207.20
Net Block
18.38
22.04
22.33
Gross Block
31.59
28.98
25.48
Accumulated Depreciation
13.21
6.93
3.15
Non Current Assets
2,939.72
2,042.63
1,638.24
Capital Work in Progress
0.00
0.27
0.00
Non Current Investment
5.12
2.69
53.63
Long Term Loans & Adv.
556.24
97.75
122.16
Other Non Current Assets
331.55
116.08
35.03
Current Assets
4,218.15
993.90
568.96
Current Investments
582.01
89.96
105.96
Inventories
2,285.00
532.87
386.92
Sundry Debtors
14.50
8.01
5.78
Cash & Bank
1,083.36
263.52
41.37
Other Current Assets
253.27
24.32
8.66
Short Term Loans & Adv.
227.71
75.21
20.27
Net Current Assets
2,110.99
351.37
439.24
Total Assets
7,157.87
3,036.53
2,207.20

Cash Flow

Standalone Figures in Rs. Crores /

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

Financial Ratios

Standalone /

Consolidated
Description
Mar 25
Mar 24
Mar 23
Book Value (Rs.)
138.95
79.32
0.00
ROA
0.52%
-2.10%
0.84%
ROE
1.55%
-4.95%
1.74%
ROCE
3.31%
-1.19%
2.00%
Fixed Asset Turnover
5.30
3.41
4.21
Receivable days
25.61
27.09
19.66
Inventory Days
3204.38
1806.06
1315.66
Payable days
0.00
0.00
458.03
Cash Conversion Cycle
3229.98
1833.15
877.28
Total Debt/Equity
0.72
0.81
0.78
Interest Cover
1.61
-0.58
2.19

Annual Reports:

FY 2025
FY 2024

News Update:


  • Max Estates launches Estate 361 in Gurugram
    3rd Dec 2025, 11:27 AM

    The first phase of Estate 361 will also feature The Hub, the community clubhouse offering over 2,00,000 sq. ft. of amenities

    Read More
  • Max Estates achieves Dual 5-Star Rating in GRESB 2025
    13th Oct 2025, 15:52 PM

    The company has achieved a dual 5-Star Rating in the Development and Standing Investment categories of GRESB

    Read More
  • Max Estates gets nod to acquire BBPL
    6th Sep 2025, 14:47 PM

    The Board of Directors of the company in their meeting held on September 05, 2025, considered and approved the same

    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.