Max heights Infrastucture Ltd

About

Max Heights Infrastructure Limited, together with its subsidiaries, engages in real estate development and financing activities in India. The company operates through three segments: Financing of Vehicles and Other Finance; Real Estate Business; and Dealing in Stock and Shares. It also engages in identification, acquisition, planning, execution construction, and marketing of residential, commercial, industrial, and mixed-use properties; malls; and township projects. In addition, it is involved in the leasing, maintenance, and recreational activities related to real estate. Max Heights Infrastructure Limited was incorporated in 1981 and is based in New Delhi, India.

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	0.19	1.35	0.14	4.13	2.64	1.11	0.17	3.12	0.18	7.47	0.71	10.08	3.94
Expenses	0.20	1.26	0.14	2.63	2.73	1.19	0.13	3.15	0.14	7.44	0.75	9.22	4.44
Operating Profit	-0.01	0.09	0.00	1.50	-0.09	-0.08	0.04	-0.03	0.04	0.03	-0.04	0.86	-0.50
OPM %	-5.26	6.67	0.00	36.32	-3.41	-7.21	23.53	-0.96	22.22	0.40	-5.63	8.53	-12.69
Other Income	0.02	0.03	0.17	0.00	0.02	0.00	0.03	0.01	0.00	0.66	0.03	0.01	0.00
Depreciation	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.09	0.01	0.04	0.07	0.07	0.07
Interest	0.00	0.22	0.03	0.04	0.04	0.15	0.04	0.01	0.01	0.08	0.03	0.15	0.13
Profit before tax	-0.04	-0.15	0.09	1.41	-0.16	-0.28	-0.02	-0.12	0.02	0.57	-0.11	0.65	-0.70
Tax %	0.00	140.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	19.30	0.00	0.00	0.00
Net Profit	-0.04	-0.36	0.09	1.41	-0.16	-0.28	-0.02	-0.12	0.02	0.46	-0.11	0.66	-0.70
EPS in Rs	-0.03	-0.23	0.06	0.90	-0.10	-0.18	-0.01	-0.08	0.01	0.29	-0.07	0.42	-0.45

Profit & Loss

Annual · Rs. Crores

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Sales	8.27	4.58	22.21	6.04	5.43	1.98	3.52	5.90	3.13	4.06	5.18	4.61
Expenses	6.77	4.61	21.86	4.83	4.11	1.45	2.72	4.61	2.25	3.21	4.21	3.55
Operating Profit	1.50	-0.03	0.35	1.21	1.32	0.53	0.80	1.29	0.88	0.85	0.97	1.06
OPM %	18.14	-0.66	1.58	20.03	24.31	26.77	22.73	21.86	28.12	20.94	18.73	22.99
Other Income	0.22	0.04	0.69	0.00	0.98	2.41	0.00	0.00	0.00	0.11	0.00	0.01
Interest	0.33	0.21	0.38	0.82	0.37	0.36	0.20	0.22	0.15	0.10	0.01	0.30
Depreciation	0.20	0.20	0.23	0.15	0.11	0.13	0.13	0.18	0.18	0.18	0.14	0.12
Profit before tax	1.19	-0.40	0.43	0.24	1.82	2.45	0.47	0.89	0.55	0.68	0.82	0.65
Tax %	17.65	0.00	25.58	12.50	13.74	15.51	23.40	25.84	20.00	30.88	30.49	26.15
Net Profit	0.98	-0.40	0.31	0.21	1.57	2.06	0.36	0.66	0.44	0.47	0.57	0.48
EPS in Rs	0.63	-0.26	0.20	0.13	1.01	1.32	0.23	0.42	0.28	0.30	0.37	0.31
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	13.69	65.04

Balance Sheet

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Equity Capital	15.61	15.61	15.61	15.61	15.61	15.61	15.61	15.61	15.61	15.61	15.61	15.61
Reserves	17.98	17.00	17.40	17.09	16.88	15.30	13.20	12.79	12.13	11.69	11.22	10.74
Borrowings	3.65	6.97	1.31	9.42	8.55	11.56	9.77	6.33	1.65	2.92	2.66	1.69
Other Liabilities	0.24	0.13	1.19	2.12	1.44	0.73	0.36	1.24	0.39	0.64	0.67	0.99
Total Liabilities	37.48	39.71	35.51	44.24	42.48	43.20	38.94	35.97	29.78	30.86	30.16	29.03
Fixed Assets	0.88	1.08	1.29	1.52	0.35	0.46	0.80	0.94	0.50	0.68	0.87	0.51
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.21	1.15	1.10	1.11	1.11	3.49	5.00	5.00	5.00	5.00	4.90	2.90
Other Assets	36.39	37.48	33.12	41.61	41.02	39.25	33.14	30.03	24.28	25.18	24.39	25.62
Total Assets	37.48	39.71	35.51	44.24	42.48	43.20	38.94	35.97	29.78	30.86	30.16	29.03

Cash Flows

Annual · Rs. Crores — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Cash from Operating Activity	4.42	-6.89	8.04	1.92	-0.80	-5.21	-4.83	-3.36	-0.44	-0.86	2.36	-0.62
Cash from Investing Activity	1.73	0.68	0.35	-1.25	3.48	4.51	0.51	0.11	0.71	0.45	-1.80	0.27
Cash from Financing Activity	-3.66	5.45	-8.49	0.05	-3.37	1.49	3.22	4.43	-1.39	0.16	0.77	0.31
Net Cash Flow	2.50	-0.76	-0.10	0.71	-0.70	0.79	-1.10	1.17	-1.11	-0.24	1.33	-0.04
Free Cash Flow	5.54	-6.94	8.09	0.60	2.56	-1.08	-4.83	-3.97	-0.44	-0.86	1.86	-0.59
CFO/OP %	308.00	22,967.00	2,329.00	160.00	-42.00	-909.00	-590.00	-243.00	-35.00	-75.00	270.00	-39.00

Ratios

Annual · Days / % — latest first

Metric	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021	Mar 2020	Mar 2019	Mar 2018	Mar 2017	Mar 2016	Mar 2015
Debtor Days	0.00	2.39	0.49	1.81	14.12	38.71	21.78	10.52	24.49	10.79	7.75	8.71
Inventory Days	1,100.98	2,172.17	326.60	3,374.18	4,033.56	—	—	—	—	—	1,719.17	2,250.41
Days Payable	0.00	0.00	0.00	6.44	13.40	—	—	—	—	—	7.56	0.00
Cash Conversion Cycle	1,100.98	2,174.56	327.09	3,369.56	4,034.27	38.71	21.78	10.52	24.49	10.79	1,719.36	2,259.12
Working Capital Days	1,478.10	2,940.72	503.87	2,302.40	2,634.32	6,931.31	3,104.57	1,598.58	2,633.13	1,924.79	1,559.35	1,938.22
ROCE %	3.96	-0.51	2.01	2.55	2.90	0.99	1.83	3.46	2.35	2.61	2.89	3.40

Shareholding Pattern

% holding — latest first

Holder	Jun 2026	Mar 2026	Dec 2025	Sep 2025	Jun 2025	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024	Dec 2023	Sep 2023
Promoters	54.26	54.15	52.78	52.78	52.78	52.78	52.78	52.78	52.78	52.78	52.78	52.78
Public	45.74	45.85	47.22	47.23	47.22	47.21	47.23	47.23	47.23	47.22	47.23	47.22
No. of Shareholders	1,913	1,888	1,878	1,763	1,643	1,572	1,532	1,376	1,314	1,306	1,577	1,507