Max Heights Infrastructure Ltd

Max Heights Infrastructure Ltd

₹ 39.0 -1.96%
29 Sep 11:27 a.m.
About

Incorporated in 1981, Maxheights Infrastructure Ltd is in the business of real estate development.

Key Points

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.

  • Market Cap 60.9 Cr.
  • Current Price 39.0
  • High / Low 100.0 / 13.8
  • Stock P/E
  • Book Value 18.7
  • Dividend Yield 0.00 %
  • ROCE 1.74 %
  • ROE -3.01 %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -34.5% over past five years.
  • Company has a low return on equity of -2.24% over last 3 years.
  • Company might be capitalizing the interest cost

* 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

Sector: Construction Industry: Construction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
6.23 1.35 4.15 2.26 1.04 0.79 2.38 1.43 1.56 1.72 1.37 2.53 3.94
5.54 1.43 3.99 2.38 0.76 0.85 1.62 1.37 1.21 1.41 1.15 1.41 4.48
Operating Profit 0.69 -0.08 0.16 -0.12 0.28 -0.06 0.76 0.06 0.35 0.31 0.22 1.12 -0.54
OPM % 11.08% -5.93% 3.86% -5.31% 26.92% -7.59% 31.93% 4.20% 22.44% 18.02% 16.06% 44.27% -13.71%
0.07 4.54 0.05 0.23 0.05 0.48 0.54 0.01 0.00 0.01 0.00 0.04 0.00
Interest 0.54 0.15 0.10 3.21 0.06 0.02 0.02 3.18 0.04 0.29 0.01 3.35 0.13
Depreciation 0.07 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.07 0.07
Profit before tax 0.15 4.28 0.08 -3.13 0.24 0.37 1.25 -3.14 0.28 0.00 0.18 -2.26 -0.74
Tax % 0.00% 0.00% 0.00% -15.34% 0.00% 0.00% 0.00% -7.96% 0.00% 0.00% -1.33% 0.00%
0.13 2.89 0.01 -2.82 0.24 0.41 1.31 -1.80 0.29 0.00 0.19 -1.19 -0.72
EPS in Rs 0.09 1.55 -0.01 -0.31 0.17 0.28 0.87 -0.31 0.19 0.00 0.12 -0.17 -0.45
Raw PDF

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 TTM
1.71 3.55 4.62 52.86 41.12 59.43 45.47 43.40 10.34 5.39 7.18 9.56
0.71 2.58 3.69 50.53 38.40 52.61 39.01 38.28 8.01 4.29 5.17 8.45
Operating Profit 1.00 0.97 0.93 2.33 2.72 6.82 6.46 5.12 2.33 1.10 2.01 1.11
OPM % 58.48% 27.32% 20.13% 4.41% 6.61% 11.48% 14.21% 11.80% 22.53% 20.41% 27.99% 11.61%
0.21 0.17 0.37 0.65 0.92 0.44 0.38 0.59 2.75 0.99 0.04 0.05
Interest 0.21 0.36 0.38 1.21 1.41 4.84 4.22 3.57 3.54 3.24 3.69 3.78
Depreciation 0.19 0.18 0.22 0.26 0.30 0.31 0.30 0.26 0.13 0.11 0.15 0.20
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 -2.82
Tax % 30.86% 31.67% 28.57% 31.79% 31.61% 25.12% 26.29% 25.00% 34.04% -19.84% -1.68%
0.56 0.41 0.51 1.03 1.33 1.58 1.72 1.42 0.92 -1.50 -1.81 -1.72
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 -0.50
Dividend Payout % 0.00% 0.00% 62.44% 8.97% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 15%
5 Years: -34%
3 Years: -45%
TTM: 55%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -151%
Stock Price CAGR
10 Years: -7%
5 Years: -4%
3 Years: 51%
1 Year: 113%
Return on Equity
10 Years: 2%
5 Years: 1%
3 Years: -2%
Last Year: -3%

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
14.14 14.14 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
3.80 25.37 69.59 75.14 84.83 104.36 111.42 106.26 79.46 78.45 84.85
105.58 171.52 188.12 189.65 210.61 199.81 183.70 156.33 37.50 35.32 35.07
Total Liabilities 125.60 219.66 284.56 292.44 324.16 334.02 326.26 294.81 147.95 143.82 149.07
1.29 1.13 1.01 1.27 0.99 1.33 1.64 1.62 0.48 0.37 1.53
CWIP 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
123.31 218.52 283.54 291.16 323.06 332.58 324.51 293.08 146.97 142.88 146.97
Total Assets 125.60 219.66 284.56 292.44 324.16 334.02 326.26 294.81 147.95 143.82 149.07

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
-30.59 -33.64 -7.80 -13.08 -13.61 -8.95 8.19 -2.91 0.08 0.80
0.97 0.36 0.79 0.39 -0.29 0.41 0.67 4.47 3.48 -1.21
29.23 45.19 5.28 8.40 14.58 3.03 -8.41 0.68 -4.24 2.71
Net Cash Flow -0.39 11.92 -1.73 -4.29 0.68 -5.51 0.45 2.24 -0.68 2.30

Ratios

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
Debtor Days 34.15 13.37 8.69 39.43 119.21 100.72 194.58 109.16 7.41 14.22 24.91
Inventory Days 46,734.12 14,439.73 11,781.48
Days Payable 6,166.69 2,768.00 2,275.28
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
Working Capital Days 3,406.67 4,871.46 6,651.37 635.68 951.11 781.71 1,133.29 1,155.97 3,786.26 7,139.51 5,416.54
ROCE % 2.67% 1.42% 2.65% 3.00% 5.45% 4.59% 3.71% 2.00% 0.92% 1.74%

Shareholding Pattern

Numbers in percentages

Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
52.43% 52.43% 52.78% 52.43% 52.43% 52.76% 52.78% 52.78% 52.78% 52.78% 52.78% 52.78%
47.57% 47.57% 47.22% 47.57% 47.57% 47.24% 47.22% 47.22% 47.22% 47.23% 47.21% 47.21%
No. of Shareholders 7117268857877988418858929031,5211,5401,557

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