About
Max Estates Limited engages in Construction and development of residential and commercial properties. The company also offers investment, facility management, managed office, and shared services. In addition, it engages in the real estate development, letting, and sub-letting; leasing, and selling and distribution of residential or commercial complex, houses, buildings, etc. The company was incorporated in 2016 and is based in Noida, India.
Key Metrics
as of Sep 2026Market Cap8,886 Cr
P/E1,514.00
Div Yield0.00 %
Book Value₹148.00
52w High₹579.00
52w Low₹305.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 19.00 | 14.00 | 13.00 | 14.00 | 14.00 | 11.00 | 8.00 | 7.00 | 15.00 | 6.00 | 6.00 | 10.00 | 7.00 |
| Expenses | 23.00 | 21.00 | 18.00 | 19.00 | 15.00 | 15.00 | 14.00 | 11.00 | 13.00 | 12.00 | 9.00 | 9.00 | 9.00 |
| Operating Profit | -4.00 | -7.00 | -4.00 | -5.00 | -1.00 | -4.00 | -6.00 | -3.00 | 2.00 | -6.00 | -3.00 | 1.00 | -2.00 |
| OPM % | -22.00 | -49.00 | -32.00 | -35.00 | -10.00 | -35.00 | -78.00 | -42.00 | 14.00 | -96.00 | -58.00 | 5.00 | -25.00 |
| Other Income | 27.00 | 27.00 | 29.00 | 27.00 | 44.00 | 29.00 | 31.00 | 292.00 | 14.00 | 14.00 | 10.00 | 12.00 | 12.00 |
| Depreciation | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 1.00 | 1.00 | 1.00 |
| Interest | 3.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 2.00 | 5.00 | 4.00 | 4.00 | 3.00 | 3.00 |
| Profit before tax | 19.00 | 17.00 | 22.00 | 19.00 | 39.00 | 23.00 | 22.00 | 285.00 | 9.00 | 3.00 | 2.00 | 8.00 | 5.00 |
| Tax % | 35.00 | 52.00 | 32.00 | 39.00 | 25.00 | 33.00 | 24.00 | 15.00 | 20.00 | -34.00 | -23.00 | 26.00 | -120.00 |
| Net Profit | 12.00 | 8.00 | 15.00 | 12.00 | 29.00 | 15.00 | 17.00 | 242.00 | 7.00 | 4.00 | 2.00 | 6.00 | 11.00 |
| EPS in Rs | 0.74 | 0.49 | 0.92 | 0.72 | 1.82 | 0.94 | 1.04 | 15.01 | 0.50 | 0.28 | 0.15 | 0.38 | — |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Sales | 55.00 | 41.00 | 29.00 | 49.00 | 39.00 | 19.00 | 11.00 | 37.00 |
| Expenses | 73.00 | 52.00 | 39.00 | 49.00 | 35.00 | 29.00 | 18.00 | 52.00 |
| Operating Profit | -17.00 | -11.00 | -10.00 | 0.00 | 4.00 | -11.00 | -7.00 | -15.00 |
| OPM % | -31.00 | -27.00 | -34.00 | 0.40 | 9.00 | -57.00 | -63.00 | -40.00 |
| Other Income | 126.00 | 366.00 | 47.00 | 50.00 | 10.00 | 11.00 | 2.00 | 1.00 |
| Interest | 6.00 | 9.00 | 14.00 | 11.00 | 7.00 | 12.00 | 8.00 | 5.00 |
| Depreciation | 7.00 | 7.00 | 5.00 | 5.00 | 1.00 | 1.00 | 0.00 | 0.00 |
| Profit before tax | 96.00 | 339.00 | 18.00 | 33.00 | 5.00 | -12.00 | -12.00 | -19.00 |
| Tax % | 34.00 | 17.00 | -32.00 | 2.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | 64.00 | 281.00 | 23.00 | 33.00 | 5.00 | -12.00 | -12.00 | -19.00 |
| EPS in Rs | 3.89 | 17.45 | 1.58 | — | — | — | — | — |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 163.00 | 161.00 | 147.00 | 0.00 | 78.00 | 78.00 | 78.00 | 68.00 |
| Reserves | 2,390.00 | 2,200.00 | 1,112.00 | 1,234.00 | 528.00 | 521.00 | 331.00 | 325.00 |
| Borrowings | 216.00 | 52.00 | 208.00 | 205.00 | 65.00 | 71.00 | 218.00 | 98.00 |
| Other Liabilities | 42.00 | 77.00 | 62.00 | 32.00 | 18.00 | 18.00 | 16.00 | 60.00 |
| Total Liabilities | 2,811.00 | 2,490.00 | 1,529.00 | 1,471.00 | 688.00 | 689.00 | 643.00 | 552.00 |
| Fixed Assets | 15.00 | 16.00 | 90.00 | 93.00 | 76.00 | 75.00 | 59.00 | 44.00 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 2,076.00 | 1,490.00 | 1,151.00 | 1,109.00 | 500.00 | 497.00 | 473.00 | 320.00 |
| Other Assets | 720.00 | 984.00 | 288.00 | 269.00 | 113.00 | 116.00 | 111.00 | 188.00 |
| Total Assets | 2,811.00 | 2,490.00 | 1,529.00 | 1,471.00 | 688.00 | 689.00 | 643.00 | 552.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -208.00 | -49.00 | -36.00 | -20.00 | 6.00 | 6.00 | -24.00 | 9.00 |
| Cash from Investing Activity | -62.00 | -606.00 | 60.00 | -104.00 | 4.00 | -49.00 | -168.00 | -352.00 |
| Cash from Financing Activity | 269.00 | 654.00 | -24.00 | 125.00 | -13.00 | 45.00 | 243.00 | 346.00 |
| Net Cash Flow | 0.00 | -1.00 | 0.00 | 1.00 | -2.00 | 2.00 | 51.00 | 3.00 |
| Free Cash Flow | -212.00 | 75.00 | -38.00 | -23.00 | 5.00 | 6.00 | -24.00 | 8.00 |
| CFO/OP % | 1,061.00 | 60.00 | 314.00 | 1,489.00 | 211.00 | -64.00 | 345.00 | -63.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 46.00 | 187.00 | 137.00 | 29.00 | 15.00 | 10.00 | 6.00 | 4.00 |
| Inventory Days | — | — | — | 62.00 | 265.00 | 754.00 | 1,933.00 | 469.00 |
| Days Payable | — | — | — | 313.00 | 62.00 | 167.00 | 337.00 | 363.00 |
| Cash Conversion Cycle | 46.00 | 187.00 | 137.00 | -221.00 | 219.00 | 597.00 | 1,601.00 | 109.00 |
| Working Capital Days | 1,770.00 | 5,128.00 | 1,592.00 | 777.00 | 149.00 | 69.00 | -5,325.00 | 273.00 |
| ROCE % | 3.00 | 3.00 | 2.00 | 3.00 | 2.00 | 0.00 | -1.00 | — |
Corporate Actions
1 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Other | 15 Dec 2023 | — | — | — | Annual General Meeting |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update13 Aug from icra
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Rating update4 Sep 2025 from care
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Rating update4 Oct 2024 from care
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Rating update5 Apr 2024 from care
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Rating update3 May 2023 from care