Max Heights Infrastructure Ltd
₹ 15.1
1.96%
14 Nov
9:16 a.m.
About
Incorporated in 1981, Maxheights Infrastructure Ltd is in the business of real estate development.
Key Points
- Market Cap ₹ 23.5 Cr.
- Current Price ₹ 15.1
- High / Low ₹ 31.0 / 11.0
- Stock P/E 24.8
- Book Value ₹ 21.7
- Dividend Yield 0.00 %
- ROCE -0.51 %
- ROE -1.22 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.68 times its book value
Cons
- The company has delivered a poor sales growth of 5.41% over past five years.
- Company has a low return on equity of 0.09% over last 3 years.
- Working capital days have increased from 1,916 days to 2,941 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Realty Realty Residential, Commercial Projects
Loading peers table ...
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 3.55 | 4.61 | 5.18 | 4.06 | 3.13 | 5.90 | 3.52 | 1.98 | 5.43 | 6.04 | 22.21 | 4.58 | 8.05 | |
| 2.52 | 3.55 | 4.21 | 3.21 | 2.25 | 4.61 | 2.72 | 1.45 | 4.11 | 4.83 | 21.86 | 4.61 | 6.68 | |
| Operating Profit | 1.03 | 1.06 | 0.97 | 0.85 | 0.88 | 1.29 | 0.80 | 0.53 | 1.32 | 1.21 | 0.35 | -0.03 | 1.37 |
| OPM % | 29.01% | 22.99% | 18.73% | 20.94% | 28.12% | 21.86% | 22.73% | 26.77% | 24.31% | 20.03% | 1.58% | -0.66% | 17.02% |
| 0.01 | 0.01 | 0.00 | 0.11 | 0.00 | 0.00 | 0.00 | 2.41 | 0.98 | 0.00 | 0.69 | 0.04 | 0.05 | |
| Interest | 0.35 | 0.30 | 0.01 | 0.10 | 0.15 | 0.22 | 0.20 | 0.36 | 0.37 | 0.82 | 0.38 | 0.21 | 0.27 |
| Depreciation | 0.12 | 0.12 | 0.14 | 0.18 | 0.18 | 0.18 | 0.13 | 0.13 | 0.11 | 0.15 | 0.23 | 0.20 | 0.20 |
| Profit before tax | 0.57 | 0.65 | 0.82 | 0.68 | 0.55 | 0.89 | 0.47 | 2.45 | 1.82 | 0.24 | 0.43 | -0.40 | 0.95 |
| Tax % | 31.58% | 26.15% | 30.49% | 30.88% | 20.00% | 25.84% | 23.40% | 15.51% | 13.74% | 12.50% | 25.58% | 0.00% | |
| 0.40 | 0.48 | 0.57 | 0.47 | 0.44 | 0.66 | 0.36 | 2.06 | 1.57 | 0.21 | 0.31 | -0.40 | 0.95 | |
| EPS in Rs | 0.28 | 0.31 | 0.37 | 0.30 | 0.28 | 0.42 | 0.23 | 1.32 | 1.01 | 0.13 | 0.20 | -0.26 | 0.61 |
| Dividend Payout % | 0.00% | 65.04% | 13.69% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | 5% |
| 3 Years: | -6% |
| TTM: | -30% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 280% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -14% |
| 5 Years: | 6% |
| 3 Years: | -8% |
| 1 Year: | -42% |
| Return on Equity | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | 1% |
| 3 Years: | 0% |
| Last Year: | -1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14.14 | 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 | 8.18 | 10.74 | 11.22 | 11.69 | 12.13 | 12.79 | 13.20 | 15.30 | 16.88 | 17.09 | 17.40 | 17.00 | 18.25 |
| 4.88 | 1.69 | 2.66 | 2.92 | 1.65 | 6.33 | 9.77 | 11.56 | 8.55 | 9.42 | 1.31 | 6.97 | 3.29 | |
| 1.31 | 0.99 | 0.67 | 0.64 | 0.39 | 1.24 | 0.36 | 0.73 | 1.44 | 2.12 | 1.19 | 0.13 | 0.03 | |
| Total Liabilities | 28.51 | 29.03 | 30.16 | 30.86 | 29.78 | 35.97 | 38.94 | 43.20 | 42.48 | 44.24 | 35.51 | 39.71 | 37.18 |
| 0.78 | 0.51 | 0.87 | 0.68 | 0.50 | 0.94 | 0.80 | 0.46 | 0.35 | 1.52 | 1.29 | 1.08 | 0.98 | |
| 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 | 0.00 |
| Investments | 2.65 | 2.90 | 4.90 | 5.00 | 5.00 | 5.00 | 5.00 | 3.49 | 1.11 | 1.11 | 1.10 | 1.15 | 0.60 |
| 25.08 | 25.62 | 24.39 | 25.18 | 24.28 | 30.03 | 33.14 | 39.25 | 41.02 | 41.61 | 33.12 | 37.48 | 35.60 | |
| Total Assets | 28.51 | 29.03 | 30.16 | 30.86 | 29.78 | 35.97 | 38.94 | 43.20 | 42.48 | 44.24 | 35.51 | 39.71 | 37.18 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -8.35 | -0.62 | 2.36 | -0.86 | -0.44 | -3.36 | -4.83 | -5.21 | -0.80 | 1.92 | 8.04 | -6.89 | |
| -1.01 | 0.27 | -1.80 | 0.45 | 0.71 | 0.11 | 0.51 | 4.51 | 3.48 | -1.25 | 0.35 | 0.68 | |
| 8.51 | 0.31 | 0.77 | 0.16 | -1.39 | 4.43 | 3.22 | 1.49 | -3.37 | 0.05 | -8.49 | 5.45 | |
| Net Cash Flow | -0.85 | -0.04 | 1.33 | -0.24 | -1.11 | 1.17 | -1.10 | 0.79 | -0.70 | 0.71 | -0.10 | -0.76 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 13.37 | 8.71 | 7.75 | 10.79 | 24.49 | 10.52 | 21.78 | 38.71 | 14.12 | 1.81 | 0.49 | 2.39 |
| Inventory Days | 3,999.55 | 2,250.41 | 1,719.17 | 4,033.56 | 3,374.18 | 326.60 | 2,172.17 | |||||
| Days Payable | 0.00 | 0.00 | 7.56 | 13.40 | 6.44 | 0.00 | 0.00 | |||||
| Cash Conversion Cycle | 4,012.92 | 2,259.12 | 1,719.36 | 10.79 | 24.49 | 10.52 | 21.78 | 38.71 | 4,034.27 | 3,369.56 | 327.09 | 2,174.56 |
| Working Capital Days | 1,968.94 | 1,938.22 | 1,559.35 | 1,924.79 | 2,633.13 | 1,598.58 | 3,104.57 | 6,931.31 | 2,634.32 | 2,302.40 | 503.87 | 2,940.72 |
| ROCE % | 4.08% | 3.40% | 2.89% | 2.61% | 2.35% | 3.46% | 1.83% | 0.99% | 2.90% | 2.55% | 2.01% | -0.51% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
29 Oct - Submission of newspaper publication dated 29th October, 2025 for publishing the un-audited financial results of the company for the quarter and half year ended on …
-
Results For The Quarter And Half Year Ended On 30Th September, 2025
28 Oct - Board approved unaudited Q2/H1 results ended 30 Sep 2025; H1 net profit Rs125.25 lakh.
-
Submission Of Half Yearly Related Party Disclosure
28 Oct - Related-party transactions disclosure for half-year ended 30 Sep 2025, showing loans, remuneration and investments.
-
Board Meeting Outcome for Outcome Of Board Meeting
28 Oct - Approved unaudited Q2/H1 results ended 30 Sep 2025: Q revenue Rs413.45L, H1 revenue Rs679.23L, H1 profit Rs125.25L
-
Board Meeting Intimation for Considering The Un-Audited Financial Results For The Quarter And Half Year Ended On 30Th September, 2025
22 Oct - Board meeting 28 Oct 2025 to approve Q2/H1 unaudited results (30 Sep 2025); trading window closed until 30 Oct.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
Business Overview:[1][2]
Company's main area of operation is in real estate development which entails identification and acquisition of land, to planning, execution, construction and marketing of projects. Company also provides maintenance services
and recreational activities which are related to overall development of real estate business. Company does business as developers, owners, builders, promoters of residential, commercial, industrial buildings, mall and multiplexes, township projects and factory sheds and also deals in immovable properties whether belonging to company or not.