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Max Estates Limited

Max Estates Limited

MAXESTATES.BO
Max Estates LimitedIN flagBombay Stock Exchange
480.20
INR
+47.75
- -
78.54BMarket Cap
Max Estates Limited
MAXESTATES.BO
(Bombay Stock Exchange)

Recent

price

480.20

P/E

ratio

- -

div

yld

- -

ROIC.AI

2020
2021
2022
2023
2024
2025
2026
TTM
FRC
0.75
1.27
4.71
7.3
6.32
10.32
12.33
11.01
Revenue per Share
-0.85
-0.83
0.34
1.29
-2.87
1.7
0.97
2.79
Basic EPS, GAAP
-1.66
0.38
-5.99
-66.54
-3.39
-29.09
-43.05
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
2.65
1.82
2.26
29.37
36.51
53.86
10.1
- -
Book Value per Share
27.79
40.73
43.71
85.01
98.41
170.97
195.24
- -
Tangible Book Value per Share
147
147
147
147
147
155
162
156
Basic Weighted Avg Shares
111
187
693
1,073
929
1,605
1,995
1,715
Sales/Revenue/Turnover
-62.22
-59.97
29.27
15.62
-7.4
6.42
-4.35
5.45
Operating Margin (%)
2
7
107
149
254
341
324
337
Depreciation Expense
-125
-122
50
190
-422
264
157
434
Net Income, GAAP
- -
- -
41.76
16.37
- -
29.74
32.51
29.61
Effective Tax Rate (%)
-112.88
-64.94
7.21
17.71
-45.36
16.47
7.87
25.31
Profit Margin (%)
-1,071
593
411
4,392
3,514
21,110
37,473
- -
Working Capital
146
381
2,834
7,857
9,041
15,040
23,348
- -
LT Debt
4,089
5,993
6,431
12,539
14,505
26,609
31,612
- -
Total Equity
- -
- -
1.45
0.91
- -
0.21
-0.12
- -
Return on Invested Capital (%)
- -
- -
5.91
3.96
- -
3.59
1.93
3.95
Return on Capital (%)
- -
-36.99
16.68
8.17
-8.7
3.85
3.14
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
ST Debt
- -
1,522
- -
LT Borrowings
- -
14,697
- -
LT Finance Leases
- -
343
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
161
- -
Market Capitalization
80,518
56,532
78,008

Working Capital

FRC

•

in mil. unless spec.
Dec'25
Mar'25
Jun'26
Total Current Assets
- -
42,181
- -
Cash, Cash Equivalents & STI
- -
16,836
- -
Accounts Receivable, Net
- -
145
- -
Inventories
- -
22,850
- -
Total Current Liabilities
- -
21,072
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
1,522
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
44.04%
18.8%
Free Cash Flow
- -
24.07%
54.03%
Net Income, GAAP
- -
-77.16%
-40.63%
Sales/Revenue/Turnover
- -
81.71%
24.28%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
183
205
242
300
929
2025
405
402
400
398
1,605
2026
515
498
494
- -
1,995

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-2.57
0.01
-0.21
- -
-2.87
2025
0.14
0.13
1.04
0.9
1.7
2026
0.74
- -
-0.26
- -
0.97

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Max Estates Limited (MAXESTATES.BO), the real estate development arm of Max Group, develops and constructs premium residential and commercial properties in India's Delhi National Capital Region (NCR), with a focus on sustainable, grade-A developments emphasizing holistic well-being across physical, emotional, social, and environmental dimensions; core offerings include luxury residential projects such as high-end group housing on Noida Expressway and Dwarka Expressway, commercial office spaces like Max Towers featuring clean air quality and collaborative amenities, managed office solutions, facility management services, investment properties, retail spaces, and mixed-use developments integrating biophilic design, energy-efficient systems, organic food access, and community engagement features. Founded in 2016 and headquartered at Max Towers, Plot No. C-001/A/1, Sector 16B, Noida, Uttar Pradesh, the company operates primarily in key NCR growth corridors including Gurugram's Golf Course Extension Road and Sector 59, Noida, and Dehradun, targeting affluent homebuyers, corporate tenants, and investors seeking wellness-oriented lifestyles under its WorkWell and LiveWell philosophies. Recent developments include the September 2025 acquisition of 7.25-acre land in Gurugram Sector 59 for Rs 534 crore through 100% purchase of Base Buildwell Private Limited, expanding its gross development value pipeline from Rs 14,000 crore to over Rs 17,000 crore with 1.3 million square feet of group housing potential; a Rs 711 crore purchase of 10.33 acres in Noida for residential projects; securing Rs 391 crore investment from New York Life Insurance Company; allotment of 1,141,552 equity shares to promoter Sunil Vachani for Rs 56.25 crore in October 2025; achievement of dual GRESB 5-Star ratings in October 2025 for global leadership in sustainable development; and appointment of Vachan Singh as COO, Projects, alongside board approvals for potential amalgamation with parent Max Ventures and Industries Ltd.