Max Estates Limited share price
NSE: MAXESTATES · ISIN INE03EI01018
Key numbers
- Market cap
- ₹ 9,727 Cr
- Current price
- ₹ 594.65
- 52-week high / low
- ₹ 653 / 305
- Stock P/E
- 837.5
- Book value
- ₹ 148.1
- Dividend yield
- 0.00%
- ROCE
- 2.0%
- ROE
- 0.5%
- Debt to equity
- 1.00
- Sales growth (3 yrs)
- 22.9%
- Profit growth (3 yrs)
- -13.0%
- 1-year return
- 25.8%
About Max Estates Limited
Max Estates Limited engages in Construction and development of residential and commercial properties. The company also offers investment, facility management, managed office, and shared services. In addition, it engages in the real estate development, letting, and sub-letting; leasing, and selling and distribution of residential or commercial complex, houses, buildings, etc. The company was incorporated in 2016 and is based in Noida, India.
Quarterly results
Consolidated figures in ₹ crores
| Mar 2025 | Jun 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|
| Sales | 40 | 51 | 50 | 49 | 52 |
| Operating profit | 9 | 14 | 3 | -3 | 8 |
| Net profit | 14 | 12 | 0 | -4 | 8 |
| EPS (₹) | 0.90 | 0.74 | 0.00 | -0.26 | 0.51 |
Concall summary (2026-08-21)
AI summary of the earnings call transcript · tone: Positive · source document
Guidance & outlook
- 12,000 crores approximately represents new project launches planned through the course of FY '27, as we continue to target annual addition of 2 million square feet of residential development.
- 3,500 crores, and we are expected to launch in Q3 of FY '27.
Growth & demand
- Delhi NCR recorded close to 8,800 residential unit launches in Q2, 2026, with Gurgaon continuing to lead the region accounting for approximately a 70% share across the key vectors of Sohna Road and Dwarka Expressway.
- 1,100 crores, registering a 5x year-on-year growth, a clear reflection of the continued strength of our brand and product positioning, even in a more selective demand environment.
Margins & costs
- 9,500 crores as of March 26, and a cash-flow adequacy ratio of about 105%, meaning our contracted receivables cover pending construction costs and residential debt.
- See, I think the underlying aspect of the advertising and marketing cost lies in the accounting principle.
Capex & expansion
- The acquisition and subsequent clearances provided a decade's worth of relief to erstwhile homebuyers who were brought into the Max Estates family, including bookings recognized post-RERA approval from the erstwhile developer.
- Just want to understand what kind of CAPEX is still remaining as I can see, we are expecting the occupancy certificate by Q2 FY '28 for at least Phase-1.
Balance sheet & cash
- 575 crores, consistent with our historical collection range of 20%-25% of the sales value, enabling us to fund construction without incremental debt on any of our residential projects.
- 1,960 crores, including lease rental discounting borrowings of Rs.
Peers in Real Estate - Development
Data for information only, not investment advice. Prices end of day.