Max Estates Limited share price

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.Read more

Website NSE हिंदी में BSE

Real EstateReal Estate - DevelopmentNSE: MAXESTATESISIN INE03EI01018

16 Oct 2026, 3:29 PM IST₹525.60▼ 10.20 (1.90%)

Market Cap₹ 8,598 Cr.
Current Price₹ 525.60
High / Low₹ 653 / 305
Stock P/E720.0
Book Value₹ 148
Dividend Yield0.00 %
ROCE1.1 %
ROE0.50 %
Face Value₹ 10.0

More figures (10)

EPS (TTM)₹ 0.73
Price / Book3.55
OPM-4.2 %
Debt / Equity1.00
Sales growth (4Y)22.9 %
Profit growth (4Y)-13.0 %
Promoter holding70.0 %
EV / EBITDA93.7
Beta1.13
All-time high₹ 699

Price chart

Price on NSE 50 DMA 200 DMA Volume

Returns	1M	3M	6M	YTD	1Y	3Y CAGR	5Y CAGR
MAXESTATES	-8.13%	+25.55%	+35.80%	+16.77%	+10.69%	—	—
Nifty 50	-0.31%	-3.85%	-4.34%	-11.42%	-9.53%	+5.46%	+4.76%

Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.

Quick take

Max Estates Limited is in the Real Estate - Development industry (Real Estate), with a market value of ₹8,598 crore.
It trades at 720.0 times its last 12 months' earnings and 3.6 times book value.
Revenue grew 22.9% a year over the last 4 years, profit -13.0% a year.
Return on equity was 0.5% and return on capital employed 1.1% in the latest year.
Debt was 1.00 times shareholders' equity.
The share price is 19.5% below its 52-week high and up 10.7% over one year.
Promoters and insiders hold about 70.0%; institutions about 10.0%.

Pros

Institutional (FII + DII) holding has risen by 5.5 points over 3 years.

Cons

Return on equity has been low: -0.2% on average over the last 3 years.
Interest cover is thin: operating earnings are 1.3 times the interest cost.
Latest quarter (Jun 2026): profit fell 30% from a year ago.
Promoter holding has fallen by 4.28 points over 3 years, to 45.23%.
Other income makes up 544% of profit before tax.

Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.

AI analysis

Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.

About Max Estates Limited

Employees: 309
Head office: Noida

Real EstateReal Estate - Development

S.No.	Company	CMP ₹	P/E	Mar Cap ₹ Cr	Div Yld %	NP Qtr ₹ Cr	Qtr Profit Var %	Sales Qtr ₹ Cr	Qtr Sales Var %	ROCE %	ROE %	P/B	OPM %	Debt / Eq	Prom. Hold. %	Sales ₹ Cr	Sales Var 3Yrs %
1.	Max Estates	525.60	720.0	8,598	0.00	8	-30.00	52	0.85	1.1	0.5	3.55	-4.2	1.00	70.02	199	22.9
2.	DLF	675.00	37.6	1,67,084	1.19	794	-38.08	1,280	-59.06	6.3	10.0	3.67	16.4	0.01	74.14	7,838	11.3
3.	Lodha Developers	1,058.70	25.7	1,05,791	0.40	1,372	48.87	4,997	18.28	18.2	15.8	4.54	28.9	0.42	70.29	16,291	20.4
4.	Oberoi Realty	1,703.00	23.6	61,921	0.47	762	-35.54	1,671	-39.60	16.7	14.9	3.46	53.7	0.16	67.70	6,009	12.9
5.	Godrej Properties	1,603.30	30.2	48,296	0.62	349	-41.61	506	16.48	11.1	10.1	2.52	-10.5	0.83	57.58	5,131	32.4
6.	Brigade Enterprises	575.15	27.0	18,759	0.34	217	37.35	1,116	-12.93	9.8	10.3	27.50	19.9	1.01	46.71	5,697	18.6
7.	Anant Raj	511.75	31.0	18,417	0.19	150	18.88	631	6.58	10.4	11.2	3.18	24.2	0.12	62.30	2,512	37.9
8.	Sobha	1,188.40	55.1	12,710	0.50	51	24.45	1,278	3.03	7.4	4.2	2.69	4.0	0.22	58.48	5,152	16.3
9.	Signatureglobal (India)	729.85	9.8	10,268	0.00	-17	-148.02	552	-36.24	36.2	85.0	5.54	-2.3	1.61	76.81	2,579	18.6
10.	Indiabulls	35.42	18.9	7,938	0.00	141	—	359	—	6.4	9.9	2.67	35.7	0.15	52.99	833	1,863.2
	Median: 28 Co.	702.43	25.7	1,827	0.00	183	-30.00	873	0.85	10.1	5.5	2.52	13.1	0.32	65.00	5,142	20.6

Companies in the same industry; the median covers every company in it that we hold figures for. Tap a heading to sort. Sorting and comparing are ways to explore data, not recommendations.

Quarterly Results

Consolidated figures in ₹ crore /

₹ Cr	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	20	24	30	40	40	40	40	51	49	50	49	52
YOY Sales Growth %					96.12%	65.63%	32.58%	27.14%	21.39%	24.31%	24.26%	0.85%
	20	18	22	25	32	28	31	38	39	47	53	44
Material Cost %				5%	7%			7%
Employee Cost %	15%	12%	12%	9%	10%	10%	14%	14%	15%	16%	22%	21%
Other Expenses %	82%	62%	62%	48%	62%	61%	63%	51%	65%	78%	84%	63%
Operating Profit	1	6	8	15	9	12	9	14	10	3	-3	8
OPM %	3%	26%	26%	38%	21%	29%	23%	27%	21%	6%	-6%	16%
	7	6	9	7	13	32	38	29	26	22	21	28
Exceptional items			0
Interest	11	14	14	17	14	15	17	17	16	16	16	17
Depreciation	6	7	8	9	8	8	9	8	8	8	8	8
Profit before tax	-9	-8	-6	-3	-1	20	21	17	12	1	-6	11
						23%	34%	29%	33%	97%		27%
Current tax	3	1	0	1	10	4	7	11	16	8	8	10
Deferred tax	-7	-2	-2	-2	-10	1	-0	-6	-12	-7	-10	-7
	-5	-8	-5	-2	-1	16	14	12	8	0	-4	8
Minority share	-5	-4	-3	-4	-4	-4	-3	0	1
Profit to shareholders	0	-3	-2	2	2	20	17	11	7
YOY Profit Growth %										-99.84%	-129.16%	-30.00%
EPS in Rs	-0.31	-0.51	-0.32	-0.14	-0.09	1.04	0.90	0.74	0.49	0.00	-0.26	0.51
Raw filing

₹ Cr	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	10	6	6	15	7	8	11	14	14	13	14	19
YOY Sales Growth %					-21.28%	44.79%	82.32%	-7.38%	88.38%	68.44%	31.32%	37.36%
	9	9	12	13	11	14	15	15	19	18	21	23
Material Cost %				13%
Employee Cost %	51%	65%	68%	38%	68%	63%	60%	62%	60%	60%	76%	67%
Other Expenses %	44%	107%	128%	36%	74%	115%	76%	48%	76%	72%	73%	54%
Operating Profit	1	-4	-6	2	-3	-6	-4	-1	-5	-4	-7	-4
OPM %	5%	-71%	-96%	14%	-42%	-78%	-35%	-10%	-35%	-32%	-49%	-22%
Other Income	12	10	14	14	292	31	29	44	27	29	27	27
Interest	3	4	4	5	2	1	1	1	1	1	2	3
Depreciation	1	1	2	2	2	2	2	2	2	2	2	2
Profit before tax	8	2	3	9	285	22	23	39	19	22	17	19
	26%	-23%	-34%	20%	15%	24%	33%	25%	39%	32%	52%	35%
Current tax	3	0	0	0	42	3	7	10	6	6	5	6
Deferred tax	-1	-1	-1	2	2	2	1	-0	1	1	4	0
	6	2	4	7	242	17	15	29	12	15	8	12
YOY Profit Growth %					4,171.67%	681.17%	269.47%	294.83%	-95.23%	-11.55%	-47.49%	-58.52%
EPS in Rs	0.38	0.15	0.28	0.50	16.16	1.17	0.98	1.82	0.72	0.92	0.47	0.74
Raw filing

Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Latest quarter on the right.

Profit & Loss

Consolidated figures in ₹ crore /

₹ Cr	Mar 2024	Mar 2025	Mar 2026	TTM
	93	160	199	200
YOY Sales Growth %		72.67%	24.28%
	75	116	176	182
Material Cost %		3%	2%
Employee Cost %	13%	11%	17%	18%
Other Expenses %	68%	59%	70%	73%
Operating Profit	18	44	24	18
OPM %	19%	28%	12%	9%
	27	89	97	97
Exceptional items	-44
Interest	43	62	65	65
Depreciation	25	34	32	32
Profit before tax	-68	38	23	18
		30%	33%	32%
Current tax	5	22	43
Deferred tax	-17	-11	-35
	-55	26	16	12
Minority share	-13	-14		1
Profit to shareholders	-42	41
YOY Profit Growth %			-40.63%
EPS in Rs	-3.75	1.70	0.97	0.74

Compounded Sales Growth

TTM:: 17%

Compounded Profit Growth

TTM:: -70%

Stock Price CAGR

1 Year:: 11%

Return on Equity

4 Years:: 0%
Last Year:: 1%

₹ Cr	Mar 2024	Mar 2025	Mar 2026	TTM
	29	41	55	61
YOY Sales Growth %		39.92%	34.97%
	39	52	73	81
Material Cost %		5%
Employee Cost %	56%	54%	64%	66%
Other Expenses %	78%	69%	67%	68%
Operating Profit	-10	-11	-18	-20
OPM %	-34%	-27%	-32%	-33%
Other Income	47	366	127	111
Interest	14	9	6	7
Depreciation	5	7	7	7
Profit before tax	18	339	96	76
	-32%	17%	34%	39%
Current tax	3	52	27
Deferred tax	-9	6	6
	23	281	64	46
YOY Profit Growth %		1,104.54%	-77.36%
EPS in Rs	1.59	18.10	3.93	2.85

Compounded Sales Growth

TTM:: 51%

Compounded Profit Growth

TTM:: -85%

Stock Price CAGR

1 Year:: 11%

Return on Equity

4 Years:: 0%
Last Year:: 1%

Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.

Balance Sheet

Consolidated figures in ₹ crore, as at 31 March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital		147	161	163
Reserves	1,211	1,024	2,117	2,256
	862	999	1,656	2,412
Long term borrowings	751	863	1,470	2,307
Short term borrowings	74	89	145	73
	154	931	3,311	7,605
Trade payables	27	33	453	1,018
Minority interest	43	280	382	741
Current liabilities	130	643	2,107	4,780
Total Liabilities	2,227	3,101	7,246	12,437
	19	19	430	35
Gross block	22	22	434	40
Accumulated depreciation	3	3	4	5
Goodwill & intangibles	3	3	3	3
CWIP			415	20
	2,208	3,082	6,401	12,382
Inventories	387	533	2,285	6,888
Trade receivables	6	8	15	12
Cash & equivalents	18	231	229	205
Current assets	569	994	4,218	8,528
Total Assets	2,227	3,101	7,246	12,437

Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.

Cash Flows

Consolidated figures in ₹ crore, financial years ending March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-456	271	225	-616
Profit for the year	19	-42	41	13
Working capital changes	-465	258	249	-591
Direct taxes paid	-32	-6	-72	-57
	-52	-292	-1,993	-291
Fixed assets purchased	-522	-321	-677	-81
Fixed assets sold			0	0
Investments purchased	-63	-20	-2,708	-2,926
Investments sold	521	35	1,340	2,956
	521	234	1,766	879
Proceeds from borrowings	883	64	1,062	687
Repayment of borrowings	-347	-62	-431	-80
Interest paid	-42	-67	-63	-125
Net Cash Flow	13	213	-2	-28
Free Cash Flow	-979	-50	-452	-697

Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.

Ratios

Ratio	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROE	—	1.6%	-3.5%	2.4%	0.5%
ROCE	—	1.9%	-1.0%	1.9%	1.1%
Operating margin	—	15.6%	-7.4%	6.4%	-4.2%
Net margin	—	17.7%	-45.4%	25.4%	6.3%
Debt / equity	—	0.71	0.85	0.73	1.00
Current ratio	—	4.39	1.55	2.00	1.78
Debtor days	—	20	31	33	22
Inventory days	—	5,431	20,021	50,839	153,573
Days payable	—	379	1,255	10,081	22,706
Cash conversion cycle	—	5,072	18,797	40,791	130,889
Working capital days	—	1,494	1,380	4,801	6,858

Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities). Debtor days = receivables ÷ sales × 365; inventory and payable days use cost of goods sold; cash conversion cycle = debtor + inventory − payable days; working capital days = (current assets − current liabilities) ÷ sales × 365.

Shareholding Pattern

Numbers in percentages · as filed with NSE each quarter

Promoters 45.23%
FIIs 26.34%
DIIs 8.74%
Public 19.69%

%	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	49.51%	49.51%	49.42%	45.26%	45.25%	45.25%	45.24%	45.24%	44.91%	45.27%	45.26%	45.23%
	29.53%	27.61%	27.54%	27.55%	27.78%	27.43%	27.12%	26.60%	25.66%	25.88%	25.85%	26.34%
Foreign portfolio investors (Cat. I)	8.27%	6.35%	6.32%	8.01%	8.24%	7.84%	7.51%	7.03%	6.23%	6.59%	6.55%	7.05%
Foreign portfolio investors (Cat. II)				0.10%	0.11%	0.16%	0.19%	0.15%	0.16%	0.15%	0.16%	0.17%
Foreign direct investment	21.26%	21.26%	21.22%	19.44%	19.43%	19.43%	19.43%	19.42%	19.28%	19.14%	19.13%	19.12%
	0.08%	0.26%	0.04%	5.78%	5.79%	6.30%	6.27%	6.79%	7.78%	7.65%	8.20%	8.74%
Mutual funds		0.11%		5.30%	5.35%	5.93%	5.90%	6.69%	7.64%	7.51%	8.05%	8.57%
Alternative investment funds	0.01%	0.09%	0.03%	0.42%	0.42%	0.36%	0.36%	0.10%	0.13%	0.13%	0.14%	0.16%
	20.88%	22.62%	23.00%	21.41%	21.18%	21.01%	21.36%	21.37%	21.65%	21.20%	20.70%	19.69%
Retail (up to ₹2 lakh)	6.14%	6.52%	6.66%	6.29%	6.18%	6.23%	6.29%	6.32%	6.12%	6.09%	5.90%	5.48%
HNIs (above ₹2 lakh)	9.51%	8.69%	8.86%	7.86%	7.97%	7.86%	8.07%	7.99%	8.83%	8.69%	8.54%	8.34%
NRIs	2.08%	2.28%	2.36%	2.33%	2.21%	2.04%	2.08%	2.07%	1.76%	1.73%	1.71%	1.67%
Bodies corporate	1.81%	2.15%	2.15%	2.19%	2.10%	2.16%	2.17%	2.23%	2.20%	1.98%	1.85%	1.78%
No. of Shareholders	24,640	25,073	26,305	28,172	28,378	30,079	31,058	32,113	31,336	30,720	29,722	28,906

Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.

Mutual funds & institutions holding Max Estates

Holder (above 1%)	Stake
Invesco India Small Cap FundMutual fund	2.94%
Nippon India Multi Asset Allocation FundMutual fund	1.85%
BANDHAN Small Cap FundMutual fund	1.68%
Kotak Small Cap FundMutual fund	1.56%

As named in the shareholding pattern for Sep 2026 filed with NSE; mutual funds together hold 8.57% of the company. Shareholders below 1% are not named in the filing.

Documents

Announcements

All announcements on NSE →

Annual reports

Credit ratings

Concalls & investor meets

Filings made by the company with NSE; documents open on NSE's website.

Key dates

Ex-dividend date: 1 Jan 1970
Latest quarter: 30 Jun 2026
Financial year end: 31 Mar 2026

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Latest news

In the news

From the company (NSE)

Headlines from news publishers (via Google News) and the filings of the company with NSE; they open on the source website. Headlines with price targets or buy/sell calls are left out. News is for information only and is not a recommendation.

Questions about Max Estates Limited

What is the share price of Max Estates Limited today?

Max Estates Limited (MAXESTATES) last traded at ₹525.60 on NSE (16 Oct 2026, 3:29 PM IST). Prices may be delayed.

What is the market cap of Max Estates Limited?

About ₹8,598 crore at the latest price.

What is the P/E ratio of Max Estates Limited?

About 720.0 times its earnings over the last 12 months.

Is Max Estates Limited a good investment?

We do not give views on individual shares. Whether any share suits you depends on your goals, time horizon and risk appetite; for long-term goals, a diversified mutual fund is often a simpler way to own shares. Investments in securities markets are subject to market risks.

How can I buy Max Estates Limited shares?

You need a trading and demat account with a SEBI-registered stock broker. We can help you open one through Parshvanath Investments, an Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539). We provide execution and account service only, not tips or research.

Important. Prices from NSE via Yahoo Finance. Quarterly and annual results, shareholding and documents are taken from the filings the company made with NSE; balance sheet, cash flow and valuation figures are compiled by Yahoo Finance; ratios are computed by us from them. Figures may be delayed or revised. This page is for information only: it is not research, a recommendation or an offer to buy or sell any security. Investments in securities markets are subject to market risks; read all related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934); share broking is offered through Parshvanath Investments, Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539).

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Max Estates Limited share price

Price chart

Quick take

Pros

Cons

AI analysis

About Max Estates Limited

Peer comparison

Quarterly Results

Profit & Loss

Projection — your assumptions

Related party transactions

Compounded Sales Growth

Compounded Profit Growth

Stock Price CAGR

Return on Equity

Compounded Sales Growth

Compounded Profit Growth

Stock Price CAGR

Return on Equity

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Mutual funds & institutions holding Max Estates

Documents

Announcements

Annual reports

Credit ratings

Concalls & investor meets

Key dates

Trade with our broking desk

Latest news

In the news

From the company (NSE)

Questions about Max Estates Limited

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