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:

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Nifty
Sensex

:
:

24631.30
80597.66

11.95 (0.05%)
57.75 (0.07%)

Max Estates Ltd.

Construction - Real Estate

Rating :

49/99

BSE: 544008 | NSE: MAXESTATES

Watchlist

NSE BSE

449.15

14-Aug-2025

Open
High
Low
Previous Close

459
461
447
461.45

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

66272
29979821.2
698.75
341.1

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

7,221.32
142.47
10

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

7,752.69
N/A
3.21

Chart

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

Revenue CAGR (%)

10 Years
5 Years
3 Years

-
-
-

EBITDA CAGR (%)

10 Years
5 Years
3 Years

-
-
-

PAT CAGR (%)

10 Years
5 Years
3 Years

-
-
-

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: 06-06-2025)

Description 2024 2025 2026 2027
Adj EPS -3.75
P/E Ratio -119.77
Revenue 93
EBITDA 18
Net Income -42
ROA -1.6
P/B Ratio 52.47
ROE -4.48
FCFF -102
FCFF Yield -1.12
Net Debt 612
BVPS 8.56

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var% Sep 24 Sep 23 Var%
Net Sales 13.72 14.81 -7.36% 10.82 5.94 82.15% 7.99 5.51 45.01% 7.48 9.50 -21.26%
Expenses 15.13 12.73 18.85% 14.65 11.64 25.86% 14.24 9.45 50.69% 10.62 8.99 18.13%
EBITDA -1.41 2.08 - -3.83 -5.70 - -6.26 -3.94 - -3.14 0.51 -
EBIDTM -10.26% 14.06% -35.34% -96.06% -78.36% -71.39% -41.95% 5.36%
Other Income 43.56 13.73 217.26% 29.43 14.46 103.53% 31.20 10.42 199.42% 291.60 11.62 2,409.47%
Interest 1.41 4.65 -69.68% 1.43 3.93 -63.61% 1.26 3.51 -64.10% 1.51 3.34 -54.79%
Depreciation 1.82 1.88 -3.19% 1.63 1.76 -7.39% 1.65 1.23 34.15% 1.80 1.14 57.89%
PBT 38.93 9.28 319.50% 22.55 3.07 634.53% 22.03 1.75 1,158.86% 285.14 7.65 3,627.32%
Tax 9.67 1.88 414.36% 7.38 -1.04 - 5.22 -0.40 - 43.63 1.99 2,092.46%
PAT 29.25 7.41 294.74% 15.17 4.10 270.00% 16.81 2.15 681.86% 241.52 5.65 4,174.69%
PATM 213.25% 50.02% 140.13% 69.15% 210.46% 39.00% 3,228.86% 59.50%
EPS 1.82 0.46 295.65% 0.94 0.25 276.00% 1.04 0.13 700.00% 15.00 0.35 4,185.71%

Description Jun 25 Jun 24 Var% Mar 25 Mar 24 Var% Dec 24 Dec 23 Var% Sep 24 Sep 23 Var%
Net Sales 51.47 40.49 27.12% 39.78 30.01 32.56% 40.04 24.17 65.66% 40.18 20.49 96.10%
Expenses 37.56 25.26 48.69% 30.73 22.20 38.42% 28.47 17.91 58.96% 31.64 19.93 58.76%
EBITDA 13.92 15.23 -8.60% 9.06 7.80 16.15% 11.57 6.27 84.53% 8.54 0.56 1,425.00%
EBIDTM 27.04% 37.62% 22.77% 26.00% 28.89% 25.92% 21.25% 2.74%
Other Income 28.66 7.21 297.50% 37.52 8.55 338.83% 31.85 6.30 405.56% 12.60 7.29 72.84%
Interest 17.32 16.55 4.65% 16.55 14.21 16.47% 14.83 13.88 6.84% 13.94 10.52 32.51%
Depreciation 8.41 8.77 -4.10% 8.76 8.45 3.67% 8.16 6.89 18.43% 8.41 6.37 32.03%
PBT 16.84 -2.88 - 21.27 -6.31 - 20.43 -8.20 - -1.21 -9.03 -
Tax 4.90 -0.88 - 7.28 -1.58 - 4.62 -0.69 - 0.17 -4.52 -
PAT 11.93 -2.00 - 13.99 -4.73 - 15.82 -7.51 - -1.38 -4.52 -
PATM 23.18% -4.93% 35.17% -15.77% 39.50% -31.07% -3.44% -22.04%
EPS 0.71 0.11 545.45% 1.08 -0.10 - 1.23 -0.21 - 0.13 0.01 1,200.00%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 24 Mar 23
Net Sales 40.01 29.37 49.29 Net Sales Growth 11.88% -40.41% Cost Of Goods Sold 0.00 0.00 11.39 Gross Profit 40.01 29.37 37.90 GP Margin 99.99% 100% 76.89% Total Expenditure 54.64 39.36 49.11 Power & Fuel Cost - 0.00 0.00 % Of Sales - 0% 0% Employee Cost - 16.44 17.51 % Of Sales - 55.98% 35.52% Manufacturing Exp. - 4.96 2.18 % Of Sales - 16.89% 4.42% General & Admin Exp. - 15.14 15.14 % Of Sales - 51.55% 30.72% Selling & Distn. Exp. - 1.90 1.40 % Of Sales - 6.47% 2.84% Miscellaneous Exp. - 0.92 1.50 % Of Sales - 3.13% 3.04% EBITDA -14.64 -9.99 0.18 EBITDA Margin -36.59% -34.01% 0.37% Other Income 395.79 47.00 49.56 Interest 5.61 14.11 11.33 Depreciation 6.90 5.26 5.14 PBT 368.65 17.64 33.27 Tax 65.90 -5.68 0.52 Tax Rate 17.88% -32.20% 1.56% PAT 302.75 23.32 32.75 PAT before Minority Interest 302.75 23.32 32.75 Minority Interest 0.00 0.00 0.00 PAT Margin 756.69% 79.40% 66.44% PAT Growth 1,467.84% -28.79% EPS 18.80 1.45 2.03

Description TTM Mar 24 Mar 23
Net Sales 171.47 92.94 107.34 Net Sales Growth 48.90% -13.42% Cost Of Goods Sold 6.51 0.00 21.55 Gross Profit 164.96 92.94 85.80 GP Margin 96.20% 100% 79.93% Total Expenditure 128.40 75.17 75.67 Power & Fuel Cost - 3.40 2.51 % Of Sales - 3.66% 2.34% Employee Cost - 12.28 15.38 % Of Sales - 13.21% 14.33% Manufacturing Exp. - 6.65 2.59 % Of Sales - 7.16% 2.41% General & Admin Exp. - 26.93 27.37 % Of Sales - 28.98% 25.50% Selling & Distn. Exp. - 22.59 4.07 % Of Sales - 24.31% 3.79% Miscellaneous Exp. - 3.32 2.21 % Of Sales - 3.57% 2.06% EBITDA 43.09 17.77 31.67 EBITDA Margin 25.13% 19.12% 29.50% Other Income 110.63 27.33 23.94 Interest 62.64 42.99 18.62 Depreciation 33.74 25.40 14.91 PBT 57.33 -23.29 22.08 Tax 16.97 -12.62 3.62 Tax Rate 29.60% 18.63% 16.39% PAT 40.36 -42.16 19.02 PAT before Minority Interest 50.68 -55.12 18.47 Minority Interest 10.32 12.96 0.55 PAT Margin 23.54% -45.36% 17.72% PAT Growth 315.14% - EPS 2.51 -2.62 1.18

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 24 Mar 23
Shareholder's Funds 1,259.14 1,233.61 Share Capital 147.13 0.00 Total Reserves 1,107.67 1,084.22 Non-Current Liabilities 181.33 145.75 Secured Loans 91.62 97.32 Unsecured Loans 0.00 0.00 Long Term Provisions 1.16 1.19 Current Liabilities 88.94 89.47 Trade Payables 7.78 9.77 Other Current Liabilities 17.68 12.35 Short Term Borrowings 62.17 65.37 Short Term Provisions 1.31 1.97 Total Liabilities 1,529.41 1,468.83 Net Block 20.48 22.17 Gross Block 26.31 24.38 Accumulated Depreciation 5.83 2.22 Non Current Assets 1,289.63 1,154.82 Capital Work in Progress 0.27 0.00 Non Current Investment 1,104.86 1,005.09 Long Term Loans & Adv. 12.58 9.44 Other Non Current Assets 82.14 47.70 Current Assets 239.78 314.01 Current Investments 4.12 104.15 Inventories 1.94 1.95 Sundry Debtors 11.02 3.94 Cash & Bank 17.73 15.45 Other Current Assets 204.96 6.67 Short Term Loans & Adv. 192.21 181.85 Net Current Assets 150.84 224.55 Total Assets 1,529.41 1,468.83

Description Mar 24 Mar 23
Shareholder's Funds 1,170.90 1,211.20 Share Capital 147.13 0.00 Total Reserves 1,019.88 1,061.93 Non-Current Liabilities 943.46 823.61 Secured Loans 647.52 673.32 Unsecured Loans 178.35 77.49 Long Term Provisions 2.80 1.69 Current Liabilities 642.53 129.72 Trade Payables 37.29 27.04 Other Current Liabilities 601.27 37.58 Short Term Borrowings 0.00 62.59 Short Term Provisions 3.97 2.52 Total Liabilities 3,036.52 2,207.20 Net Block 22.04 22.33 Gross Block 28.98 25.48 Accumulated Depreciation 6.93 3.15 Non Current Assets 2,042.63 1,638.24 Capital Work in Progress 0.27 0.00 Non Current Investment 2.69 53.63 Long Term Loans & Adv. 97.75 122.16 Other Non Current Assets 116.08 35.03 Current Assets 993.90 568.96 Current Investments 89.96 105.96 Inventories 532.87 386.92 Sundry Debtors 8.01 5.78 Cash & Bank 259.98 41.37 Other Current Assets 103.07 8.66 Short Term Loans & Adv. 75.21 20.27 Net Current Assets 351.37 439.24 Total Assets 3,036.53 2,207.20

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 24 Mar 23
Cash From Operating Activity -36.34 -19.77 PBT 17.64 33.27 Adjustment -27.16 -31.44 Changes in Working Capital -21.72 0.86 Cash after chg. in Working capital -31.24 2.69 Interest Paid 0.00 0.00 Tax Paid -5.11 -22.45 Other Direct Exp. Paid 0.00 0.00 Extra & Other Items 0.00 0.00 Cash From Investing Activity 60.43 -106.03 Net Fixed Assets -2.20 Net Investments 0.26 Others 62.37 Cash from Financing Activity -24.15 125.26 Net Cash Inflow / Outflow -0.05 -0.54 Opening Cash & Equivalents 1.56 0.56 Closing Cash & Equivalent 1.50 1.56

Description Mar 24 Mar 23
Cash From Operating Activity 270.70 -456.35 PBT -67.74 22.08 Adjustment 87.01 19.18 Changes in Working Capital 257.72 -465.37 Cash after chg. in Working capital 276.99 -424.11 Interest Paid 0.00 0.00 Tax Paid -6.29 -32.25 Other Direct Exp. Paid 0.00 0.00 Extra & Other Items 0.00 0.00 Cash From Investing Activity -291.66 -52.14 Net Fixed Assets -2.20 Net Investments 0.26 Others -289.72 Cash from Financing Activity 234.07 521.29 Net Cash Inflow / Outflow 213.11 12.79 Opening Cash & Equivalents 17.63 4.83 Closing Cash & Equivalent 230.74 17.63

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 24 Mar 23
Book Value (Rs.) 85.28 0.00 ROA 1.56% 2.23% ROE 1.99% 3.02% ROCE 2.25% 3.18% Fixed Asset Turnover 1.16 2.02 Receivable days 92.96 29.18 Inventory Days 24.21 14.45 Payable days 0.00 313.20 Cash Conversion Cycle 117.16 -269.57 Total Debt/Equity 0.13 0.16 Interest Cover 2.25 3.94

Description Mar 24 Mar 23
Book Value (Rs.) 79.32 0.00 ROA -2.10% 0.84% ROE -4.95% 1.74% ROCE -1.20% 2.00% Fixed Asset Turnover 3.41 4.21 Receivable days 27.09 19.66 Inventory Days 1806.06 1315.66 Payable days 0.00 458.03 Cash Conversion Cycle 1833.15 877.28 Total Debt/Equity 0.78 0.78 Interest Cover -0.58 2.19

Top Investors:

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india insight value fund

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kotak small cap fund

new york life insurance company

habrok india master lp

Annual Reports:

News Update:

Max Estates gets nod for incorporation of wholly-owned subsidiary
9th Aug 2025, 12:28 PM

The proposed wholly-owned subsidiary shall carry out the same business activities i.e. real estate activities
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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