Max Heights Infrastructure Ltd
Incorporated in 1981, Maxheights
Infrastructure Ltd is in the business
of real estate development[1]
- Market Cap ₹ 15.4 Cr.
- Current Price ₹ 9.90
- High / Low ₹ 16.8 / 8.75
- Stock P/E 45.0
- Book Value ₹ 18.9
- Dividend Yield 0.00 %
- ROCE 0.83 %
- ROE 1.17 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.52 times its book value
Cons
- Company has a low return on equity of -0.80% over last 3 years.
- Company might be capitalizing the interest cost
- Earnings include an other income of Rs.0.70 Cr.
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1.71 | 3.55 | 4.62 | 52.86 | 41.12 | 59.43 | 45.47 | 43.40 | 10.34 | 5.39 | 7.18 | 22.42 | |
| 0.71 | 2.58 | 3.69 | 50.53 | 38.40 | 52.61 | 39.01 | 38.28 | 8.01 | 4.29 | 5.17 | 21.96 | |
| Operating Profit | 1.00 | 0.97 | 0.93 | 2.33 | 2.72 | 6.82 | 6.46 | 5.12 | 2.33 | 1.10 | 2.01 | 0.46 |
| OPM % | 58.48% | 27.32% | 20.13% | 4.41% | 6.61% | 11.48% | 14.21% | 11.80% | 22.53% | 20.41% | 27.99% | 2.05% |
| 0.21 | 0.17 | 0.37 | 0.65 | 0.92 | 0.44 | 0.38 | 0.59 | 2.75 | 0.99 | 0.04 | 0.70 | |
| Interest | 0.21 | 0.36 | 0.38 | 1.21 | 1.41 | 4.84 | 4.22 | 3.57 | 3.54 | 3.24 | 3.69 | 0.39 |
| Depreciation | 0.19 | 0.18 | 0.22 | 0.26 | 0.30 | 0.31 | 0.30 | 0.26 | 0.13 | 0.11 | 0.15 | 0.24 |
| Profit before tax | 0.81 | 0.60 | 0.70 | 1.51 | 1.93 | 2.11 | 2.32 | 1.88 | 1.41 | -1.26 | -1.79 | 0.53 |
| Tax % | 30.86% | 31.67% | 28.57% | 31.79% | 31.61% | 25.12% | 26.29% | 25.00% | 34.04% | 19.84% | 1.68% | 20.75% |
| 0.56 | 0.41 | 0.51 | 1.03 | 1.33 | 1.58 | 1.72 | 1.42 | 0.92 | -1.50 | -1.81 | 0.42 | |
| EPS in Rs | 0.40 | 0.28 | 0.32 | 0.56 | 0.66 | 0.72 | 1.10 | 0.91 | 0.59 | -0.06 | -0.57 | 0.24 |
| Dividend Payout % | 0.00% | 0.00% | 62.44% | 8.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 20% |
| 5 Years: | -13% |
| 3 Years: | 29% |
| TTM: | 212% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -2% |
| 5 Years: | -28% |
| 3 Years: | 33% |
| TTM: | 139% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -16% |
| 5 Years: | -8% |
| 3 Years: | -39% |
| 1 Year: | -25% |
| Return on Equity | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 0% |
| 3 Years: | -1% |
| Last Year: | 1% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14.14 | 14.14 | 15.61 | 15.61 | 15.61 | 15.61 | 15.61 | 15.61 | 15.61 | 15.61 | 15.61 | 15.61 |
| Reserves | 2.08 | 8.63 | 11.24 | 12.04 | 13.11 | 14.24 | 15.53 | 16.61 | 15.38 | 14.44 | 13.54 | 13.91 |
| 3.80 | 25.37 | 69.59 | 75.14 | 84.83 | 104.36 | 111.42 | 106.26 | 79.46 | 78.45 | 84.85 | 70.28 | |
| 105.58 | 171.52 | 188.12 | 189.65 | 210.61 | 199.81 | 183.70 | 156.33 | 37.50 | 35.32 | 35.07 | 36.97 | |
| Total Liabilities | 125.60 | 219.66 | 284.56 | 292.44 | 324.16 | 334.02 | 326.26 | 294.81 | 147.95 | 143.82 | 149.07 | 136.77 |
| 1.29 | 1.13 | 1.01 | 1.27 | 0.99 | 1.33 | 1.64 | 1.62 | 0.48 | 0.37 | 1.53 | 1.30 | |
| 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 | 1.00 | 0.01 | 0.01 | 0.01 | 0.11 | 0.11 | 0.11 | 0.11 | 0.50 | 0.57 | 0.57 | 0.56 |
| 123.31 | 218.52 | 283.54 | 291.16 | 323.06 | 332.58 | 324.51 | 293.08 | 146.97 | 142.88 | 146.97 | 134.91 | |
| Total Assets | 125.60 | 219.66 | 284.56 | 292.44 | 324.16 | 334.02 | 326.26 | 294.81 | 147.95 | 143.82 | 149.07 | 136.77 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -30.59 | -33.64 | -7.80 | -13.08 | -13.61 | -8.95 | 8.19 | -2.91 | 0.08 | 0.80 | 10.51 | ||
| 0.97 | 0.36 | 0.79 | 0.39 | -0.29 | 0.41 | 0.67 | 4.47 | 3.48 | -1.21 | 2.96 | ||
| 29.23 | 45.19 | 5.28 | 8.40 | 14.58 | 3.03 | -8.41 | 0.68 | -4.24 | 2.71 | -14.96 | ||
| Net Cash Flow | -0.39 | 11.92 | -1.73 | -4.29 | 0.68 | -5.51 | 0.45 | 2.24 | -0.68 | 2.30 | -1.50 | |
| Free Cash Flow | -30.57 | -33.86 | -8.32 | -13.11 | -14.26 | -9.56 | 8.02 | 1.22 | 3.44 | -0.52 | 10.51 | |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -3,134% | -3,591% | -313% | -458% | -192% | -129% | 169% | -104% | 30% | 41% | 2,309% |
Ratios
Consolidated / View Standalone
| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 34.15 | 13.37 | 8.69 | 39.43 | 119.21 | 100.72 | 194.58 | 109.16 | 7.41 | 14.22 | 24.91 | 3.74 |
| Inventory Days | 46,734.12 | 14,439.73 | 11,781.48 | 2,111.81 | ||||||||
| Days Payable | 6,166.69 | 2,768.00 | 2,275.28 | 460.66 | ||||||||
| Cash Conversion Cycle | 34.15 | 13.37 | 40,576.12 | 39.43 | 119.21 | 100.72 | 194.58 | 109.16 | 7.41 | 11,685.95 | 9,531.11 | 1,654.89 |
| Working Capital Days | 3,317.02 | 2,749.32 | 2,769.89 | 264.39 | 434.50 | 327.97 | 605.42 | 628.41 | 3,786.26 | 4,924.45 | 3,649.49 | 1,044.86 |
| ROCE % | 2.67% | 1.42% | 2.65% | 3.00% | 5.45% | 4.59% | 3.71% | 2.00% | 0.92% | 1.74% | 0.83% |
Insights
In beta| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Finance Segment Revenue Share % ・Standalone data |
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| Number of Permanent Employees count ・Standalone data |
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| Real Estate Inventory (Finished Goods) INR Lakhs ・Standalone data |
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| Real Estate Segment Revenue Share % ・Standalone data |
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| Shares Segment Revenue Share % ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- RTA confirms no physical share certificates received for dematerialization in quarter ended 30 September 2026.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Submission of newspaper publication dated 26th September, 2026 for publishing the voting results for the AGM held on 25th September, 2026.
-
Announcement under Regulation 30 (LODR)-Change in Management
- Shareholders approved AGM resolutions, including Konica Arora’s 5-year independent director appointment on 25 Sep 2026.
-
Announcement under Regulation 30 (LODR)-Change in Directorate
- Shareholders approved financial statements and appointed Mansi Narang and Konica Arora at the 45th AGM.
- Disclosure Of Voting Results For 45Th Annual General Meeting
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
from bse
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Annual Report 2021
from bse
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Annual Report 2020
from bse
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Annual Report 2019
from bse
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Annual Report 2018
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Annual Report 2017
from bse
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Annual Report 2016
from bse
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
from bse
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Annual Report 2012
from bse
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.