Max Heights Infrastructure Ltd

₹ 11.0 -3.51%

18 Sep - close price

About

Incorporated in 1981, Maxheights
Infrastructure Ltd is in the business
of real estate development^[1]

Key Points

Business Overview:^[1]^[2]
MHIL specializes in developing residential, commercial, and mixed-use properties. The operations of the company span all aspects of real estate development, from the identification
and acquisition of land, to planning, execution, construction, and marketing of projects. The company is also engaged in the business of maintenance services and recreational activities which are related to the overall development of real estate business.

Website BSE

Market Cap ₹ 17.2 Cr.
Current Price ₹ 11.0
High / Low ₹ 16.8 / 9.60
Stock P/E 15.6
Book Value ₹ 21.5
Dividend Yield 0.00 %
ROCE 3.96 %
ROE 2.96 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Stock is trading at 0.51 times its book value

Cons

Company has a low return on equity of 0.87% over last 3 years.

* 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

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	3.94	10.08	0.71	7.47	0.18	3.12	0.17	1.11	2.64	4.13	0.14	1.35	0.19
	4.44	9.22	0.75	7.44	0.14	3.15	0.13	1.19	2.73	2.63	0.14	1.26	0.20
Operating Profit	-0.50	0.86	-0.04	0.03	0.04	-0.03	0.04	-0.08	-0.09	1.50	0.00	0.09	-0.01
OPM %	-12.69%	8.53%	-5.63%	0.40%	22.22%	-0.96%	23.53%	-7.21%	-3.41%	36.32%	0.00%	6.67%	-5.26%
	0.00	0.01	0.03	0.66	0.00	0.01	0.03	0.00	0.02	0.00	0.17	0.03	0.02
Interest	0.13	0.15	0.03	0.08	0.01	0.01	0.04	0.15	0.04	0.04	0.03	0.22	0.00
Depreciation	0.07	0.07	0.07	0.04	0.01	0.09	0.05	0.05	0.05	0.05	0.05	0.05	0.05
Profit before tax	-0.70	0.65	-0.11	0.57	0.02	-0.12	-0.02	-0.28	-0.16	1.41	0.09	-0.15	-0.04
Tax %	0.00%	0.00%	0.00%	19.30%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	140.00%	0.00%
	-0.70	0.66	-0.11	0.46	0.02	-0.12	-0.02	-0.28	-0.16	1.41	0.09	-0.36	-0.04
EPS in Rs	-0.45	0.42	-0.07	0.29	0.01	-0.08	-0.01	-0.18	-0.10	0.90	0.06	-0.23	-0.03
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	4.61	5.18	4.06	3.13	5.90	3.52	1.98	5.43	6.04	22.21	4.58	8.27	5.81
	3.55	4.21	3.21	2.25	4.61	2.72	1.45	4.11	4.83	21.86	4.61	6.77	4.23
Operating Profit	1.06	0.97	0.85	0.88	1.29	0.80	0.53	1.32	1.21	0.35	-0.03	1.50	1.58
OPM %	22.99%	18.73%	20.94%	28.12%	21.86%	22.73%	26.77%	24.31%	20.03%	1.58%	-0.66%	18.14%	27.19%
	0.01	0.00	0.11	0.00	0.00	0.00	2.41	0.98	0.00	0.69	0.04	0.22	0.22
Interest	0.30	0.01	0.10	0.15	0.22	0.20	0.36	0.37	0.82	0.38	0.21	0.33	0.29
Depreciation	0.12	0.14	0.18	0.18	0.18	0.13	0.13	0.11	0.15	0.23	0.20	0.20	0.20
Profit before tax	0.65	0.82	0.68	0.55	0.89	0.47	2.45	1.82	0.24	0.43	-0.40	1.19	1.31
Tax %	26.15%	30.49%	30.88%	20.00%	25.84%	23.40%	15.51%	13.74%	12.50%	25.58%	0.00%	17.65%
	0.48	0.57	0.47	0.44	0.66	0.36	2.06	1.57	0.21	0.31	-0.40	0.98	1.10
EPS in Rs	0.31	0.37	0.30	0.28	0.42	0.23	1.32	1.01	0.13	0.20	-0.26	0.63	0.70
Dividend Payout %	65.04%	13.69%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	5%
5 Years:	33%
3 Years:	11%
TTM:	-17%

Compounded Profit Growth
10 Years:	6%
5 Years:	90%
3 Years:	67%
TTM:	290%

Stock Price CAGR
10 Years:	-15%
5 Years:	-6%
3 Years:	-33%
1 Year:	-19%

Return on Equity
10 Years:	1%
5 Years:	1%
3 Years:	1%
Last Year:	3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-0.62	2.36	-0.86	-0.44	-3.36	-4.83	-5.21	-0.80	1.92	8.04	-6.89	4.42
	0.27	-1.80	0.45	0.71	0.11	0.51	4.51	3.48	-1.25	0.35	0.68	1.73
	0.31	0.77	0.16	-1.39	4.43	3.22	1.49	-3.37	0.05	-8.49	5.45	-3.66
Net Cash Flow	-0.04	1.33	-0.24	-1.11	1.17	-1.10	0.79	-0.70	0.71	-0.10	-0.76	2.50
Free Cash Flow	-0.59	1.86	-0.86	-0.44	-3.97	-4.83	-1.08	2.56	0.60	8.09	-6.94	5.54
CFO/OP	-39%	270%	-75%	-35%	-243%	-590%	-909%	-42%	160%	2,329%	22,967%	308%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	8.71	7.75	10.79	24.49	10.52	21.78	38.71	14.12	1.81	0.49	2.39	0.00
Inventory Days	2,250.41	1,719.17						4,033.56	3,374.18	326.60	2,172.17	1,100.98
Days Payable	0.00	7.56						13.40	6.44	0.00	0.00	0.00
Cash Conversion Cycle	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	1,100.98
Working Capital Days	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	1,478.10
ROCE %	3.40%	2.89%	2.61%	2.35%	3.46%	1.83%	0.99%	2.90%	2.55%	2.01%	-0.51%	3.96%

Insights

In beta

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Finance Segment Revenue Share
%

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xx	x	x	x	x	x	x	x
x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx	x,xxx.xx
xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx
x.xx	x.xx	x.xx	xx.xx	xx.xx	x.xx	x.xx	x.xx

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Number of Permanent Employees
count

Real Estate Inventory (Finished Goods)
INR Lakhs

Real Estate Segment Revenue Share
%

Shares Segment Revenue Share
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

11 Recently

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

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	50.51%	50.27%	48.63%	52.43%	52.78%	52.78%	52.78%	52.78%	52.78%	54.15%	54.26%
	49.49%	49.73%	51.37%	47.57%	47.22%	47.22%	47.21%	47.22%	47.21%	45.85%	45.74%
No. of Shareholders	793	850	648	674	885	885	1,540	1,306	1,572	1,888	1,913

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Max Heights Infrastructure Ltd

Max Heights Infrastructure Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports