Max Estates Ltd

Max Estates Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Max Estates Ltd

₹ 461 -2.42%
18 Sep 4:01 p.m.
maxestates.in BSE: 544008 NSE: MAXESTATES
About

This is the real estate development arm of Max Group. Company is a leading Real Estate player in Delhi - NCR.[1]

Key Points

Max Group[1]
The company is a part of Max Group which has nurtured strong companies over the last 40 years like Max Life, Max asset services, Max health Insurance etc.

Website BSE NSE
  • Market Cap ₹ 7,424 Cr.
  • Current Price ₹ 461
  • High / Low ₹ 724 / 320
  • Stock P/E 146
  • Book Value ₹ 142
  • Dividend Yield 0.00 %
  • ROCE 2.54 %
  • ROE 2.01 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 3.26 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 0.95% over last 3 years.
  • Earnings include an other income of Rs.111 Cr.
  • Working capital days have increased from 666 days to 1,013 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

Part of BSE SmallCap BSE Allcap BSE Consumer Discretionary Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
27 27 29 23 18 20 24 30 40 40 40 40 51
19 19 22 16 15 20 18 22 25 32 28 31 38
Operating Profit 9 8 7 8 3 1 6 8 15 9 12 9 14
OPM % 32% 30% 24% 33% 17% 3% 26% 26% 38% 21% 29% 23% 27%
6 6 6 5 -39 7 6 9 7 13 32 38 29
Interest 4 5 5 5 4 11 14 14 17 14 15 17 17
Depreciation 4 4 3 4 4 6 7 8 9 8 8 9 8
Profit before tax 8 5 5 4 -44 -9 -8 -6 -3 -1 20 21 17
Tax % 15% 26% 29% -10% -13% -50% -8% -25% -31% 14% 23% 34% 29%
6 4 4 5 -38 -5 -8 -5 -2 -1 16 14 12
EPS in Rs 0.01 -0.21 -0.10 0.11 0.13 1.23 1.08 0.71
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
69 107 93 160 171
39 76 75 116 128
Operating Profit 31 32 18 44 43
OPM % 44% 30% 19% 28% 25%
5 24 -17 89 111
Interest 16 19 43 62 63
Depreciation 11 15 25 34 34
Profit before tax 8 22 -68 38 57
Tax % 42% 16% -19% 30%
5 18 -55 26 40
EPS in Rs -2.87 2.53 3.15
Dividend Payout % 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 32%
TTM: 49%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 91%
TTM: 1904%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -21%
Return on Equity
10 Years: %
5 Years: %
3 Years: 1%
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 78 0.00 147 161
Reserves 531 1,211 1,024 2,117
315 862 999 1,656
101 144 924 3,295
Total Liabilities 1,025 2,216 3,094 7,229
898 1,427 1,826 2,047
CWIP 0 0 0 0
Investments 13 160 93 587
114 629 1,175 4,596
Total Assets 1,025 2,216 3,094 7,229

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025
41 -456 271 225
-121 -52 -292 -1,993
78 521 234 1,766
Net Cash Flow -2 13 213 -2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 10 20 31 33
Inventory Days 271 6,553
Days Payable 197 458
Cash Conversion Cycle 85 6,115 31 33
Working Capital Days -105 993 -8 1,013
ROCE % 2% 0% 3%

Shareholding Pattern

Numbers in percentages

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
49.51% 49.51% 49.42% 45.26% 45.25% 45.25% 45.24%
29.53% 27.61% 27.54% 27.55% 27.78% 27.43% 27.13%
0.01% 0.20% 0.03% 5.72% 5.79% 6.30% 6.27%
20.96% 22.69% 23.02% 21.47% 21.18% 21.01% 21.36%
No. of Shareholders 24,64025,07326,30528,17228,37830,07931,058

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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