| Quarterly Financials | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
Revenue  | 34 | 33 | 36 | 29 | 24 | 28 | 31 | 39 | 48 | 53 | 72 | 77 | 80 |
| Expenses | 19 | 19 | 22 | 16 | 60 | 20 | 18 | 22 | 25 | 32 | 29 | 31 | 38 |
| EBITDA | 15 | 14 | 14 | 13 | -36 | 8 | 13 | 16 | 22 | 21 | 43 | 47 | 43 |
| Operating Profit % | 32 % | 30 % | 24 % | 33 % | -226 % | 3 % | 26 % | 26 % | 38 % | 21 % | 29 % | 23 % | 27 % |
| Depreciation | 4 | 4 | 4 | 4 | 4 | 6 | 7 | 8 | 9 | 8 | 8 | 9 | 8 |
| Interest | 4 | 5 | 5 | 5 | 4 | 11 | 14 | 14 | 17 | 14 | 15 | 17 | 17 |
| Profit Before Tax | 8 | 5 | 5 | 4 | -44 | -9 | -8 | -6 | -3 | -1 | 20 | 21 | 17 |
| Tax | 1 | 1 | 2 | -0 | -6 | -5 | -1 | -2 | -1 | 0 | 5 | 7 | 5 |
| Net Profit | 6 | 4 | 4 | 5 | -38 | -5 | -8 | -5 | -2 | -1 | 16 | 14 | 12 |
| EPS in ₹ | 0.80 | 0.34 | 0.27 | 0.36 | -2.61 | -0.31 | -0.21 | -0.32 | -0.14 | 0.13 | 1.04 | 0.90 | 0.74 |
Max Estates
Max Estates
464.45
+0.25
(0.05%)
Market Cap
7,479.80 Cr
EPS
1.70
PE Ratio
147.37
Dividend Yield
0.00 %
Industry
Realty52 Week High
632.00
52 Week Low
341.10
PB Ratio
3.34
Debt to Equity
0.77
Investment Returns
In Long Term
In Short Term
1 Year
0.00%
2 Years
0.00%
3 Years
0.00%
4 Years
0.00%
5 Years
0.00%
Analyst Rating
- By Refinitiv from4 analysts
Company News
View All News
Max Estate has acquired a 7.25-acre land parcel in Gurugram for developing a housing project.
Max Estates Acquires Base Buildwell for INR 534 Crore to Develop 7.25-Acre Gurugram ProjectSep 06, 2025
Max Estates Limited has approved the acquisition of Base Buildwell Private Limited, a project SPV holding development rights for a 7.25-acre land parcel in Gurugram, which will become a wholly-owned subsidiary upon completion of the transaction. The deal involves purchasing 100% shareholding in Base Buildwell for an expected outlay of INR 534 crore through cash consideration. The acquired land is strategically located in Sector 59 on Golf Course Extension Road and has development potential of approximately 1.3 million square feet with projected booking value exceeding INR 3,000 crore. This acquisition expands Max Estates' GDV pipeline from INR 14,000 crore to over INR 17,000 crore, strengthening its position in Gurugram's luxury residential market alongside its existing Noida portfolio of 9 million square feet. The transaction is subject to regulatory approvals and closing conditions, with Base Buildwell being incorporated in December 2012 and having nil turnover in the last three years.
Max Estates Reports 27% Revenue Growth in Q1 FY26, Plans Rs 9,500 Crore Project LaunchesAug 14, 2025
Max Estates Limited reported consolidated revenues of Rs 52 crores in Q1 FY26, marking 27% year-on-year growth. The company achieved consolidated EBITDA of Rs 14 crores, PBT of Rs 17 crores, and PAT of Rs 12 crores. The company has recorded cumulative pre-sales of over Rs 7,300 crores across projects under implementation, with collections of Rs 1,800 crores at 96% efficiency. Max Estates plans to launch Rs 9,500 crores worth of new projects in H2 FY26 across three developments in Gurgaon and Noida, targeting pre-sales of Rs 6,000 crores for FY26. The residential portfolio includes Estate 128 Noida (100% sold with Rs 2,700 crores pre-sales) and Estate 360 Gurgaon (98% sold with Rs 4,600 crores pre-sales). Commercial portfolio maintains 100% occupancy across Max House properties, with rental income growing 33% year-on-year. The company holds net cash of Rs 172 crores with gross debt of Rs 1,406 crores. Max Estates targets cumulative pre-sales of Rs 21,000 crores by FY28 and annuity rental income potential exceeding Rs 700 crores over five years.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
712.50 | #1 1,76,366.20 | 42.21 | 8,995.90 | 29.28 | 2,695 | 18.30 | 30.07 | |
1,140.60 | 1,13,883.60 | 38.88 | #1 14,169.80 | 35.34 | #1 2,767 | 41.86 | 32.21 | |
1,500.50 | 64,631.07 | 124.19 | 7,735.50 | -17.93 | 617 | 1.47 | 35.93 | |
1,987.50 | 59,864.76 | 40.66 | 6,967.00 | 60.74 | 1,389 | 15.34 | 39.55 | |
1,587.40 | 57,718.22 | #1 28.24 | 5,474.20 | 13.60 | 2,226 | -27.92 | 34.48 | |
1,554.50 | 55,587.56 | 56.42 | 3,964.50 | -3.54 | 1,302 | 1.97 | 45.42 | |
694.45 | 23,837.73 | 52.10 | 2,100.30 | 38.11 | 422 | 38.35 | 76.61 | |
895.40 | 21,891.01 | 28.86 | 5,313.50 | 4.92 | 681 | 96.15 | 37.34 | |
1,508.50 | 16,129.53 | 159.16 | 4,162.80 | 29.36 | 95 | 122.95 | 49.80 | |
1,057.70 | 14,861.82 | 118.40 | 2,638.00 | #1 99.15 | 101 | #1 405.88 | 31.80 |
Forecast
Actual
Growth Rate
Revenue Growth
107.56 %
Net Income Growth
-147.91 %
Cash Flow Change
-16.88 %
ROE
-126.05 %
ROCE
-292.08 %
EBITDA Margin (Avg.)
42.67 %
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 1,025 | 2,227 | 3,101 | 7,246 |
| Fixed Assets | 898 | 1,427 | 1,826 | 2,047 |
| Current Assets | 98 | 569 | 994 | 4,218 |
| Capital Work in Progress | 0 | 0 | 0 | 0 |
| Investments | 13 | 160 | 93 | 587 |
| Other Assets | 115 | 640 | 1,183 | 4,612 |
| Total Liabilities | 1,025 | 2,227 | 3,101 | 7,246 |
| Current Liabilities | 57 | 130 | 643 | 2,107 |
| Non Current Liabilities | 325 | 844 | 1,008 | 2,478 |
| Total Equity | 643 | 1,254 | 1,451 | 2,661 |
| Reserve & Surplus | -41 | 1,064 | 1,023 | 2,080 |
| Share Capital | 78 | 0 | 147 | 161 |
Cash Flow
| Cash Flow | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | -2 | 13 | 213 | -2 |
| Investing Activities | -121 | -52 | -292 | -1,993 |
| Operating Activities | 41 | -456 | 271 | 225 |
| Financing Activities | 78 | 521 | 234 | 1,766 |
Share Holding
| % Holding | Oct 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
| Promoter | 49.51 % | 49.51 % | 49.42 % | 45.26 % | 45.25 % | 45.25 % | 45.24 % |
| FIIs | 21.26 % | 27.61 % | 27.54 % | 27.55 % | 27.78 % | 27.43 % | 27.12 % |
| DIIs | 0.00 % | 0.26 % | 0.04 % | 5.78 % | 5.79 % | 6.30 % | 6.27 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 15.24 % | 15.21 % | 15.52 % | 14.15 % | 14.14 % | 14.09 % | 14.36 % |
| Others | 13.99 % | 7.41 % | 7.48 % | 7.26 % | 7.03 % | 6.93 % | 7.00 % |
| No of Share Holders | 24,917 | 25,073 | 26,305 | 26,941 | 28,378 | 30,079 | 31,058 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 22 Dec 2023 |  Annual General Meeting | NA | 22 Dec 2023 | 306.45 | 315.45 |
| 23 Aug 2024 | Annual General Meeting | NA | 23 Aug 2024 | 556.35 | 636.20 |
| 25 Oct 2024 |  Quarterly Result Announcement | NA | 25 Oct 2024 | 609.85 | 567.90 |
| 07 Feb 2025 | Quarterly Result Announcement | NA | 07 Feb 2025 | 508.30 | 527.60 |
| 22 May 2025 | Quarterly Result Announcement | NA | 22 May 2025 | 413.35 | 461.55 |
| 08 Aug 2025 | Quarterly Result Announcement | NA | 08 Aug 2025 | 469.50 | 450.15 |
| 18 Sept 2025 | Annual General Meeting | NA | 18 Sept 2025 | 457.05 | 472.60 |
Announcements
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
6 days ago
6 days agoShareholder Meeting / Postal Ballot-Scrutinizers Report10 days ago
10 days agoShareholder Meeting / Postal Ballot-Outcome of AGMSep 18, 2025
Sep 18, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseSep 06, 2025
Sep 06, 2025Announcement under Regulation 30 (LODR)-AcquisitionSep 06, 2025
Sep 06, 2025Announcement under Regulation 30 (LODR)-Credit RatingAug 29, 2025
Aug 29, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 28, 2025
Aug 28, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 28, 2025
Aug 28, 2025Dispatch Of Letter To Members Whose E-Mail Addresses Are Not Registered With Company/Registrar & Transfer Agent/Depository ParticipantsAug 28, 2025
Aug 28, 2025Business Responsibility and Sustainability Reporting (BRSR)Aug 27, 2025
Aug 27, 2025Reg. 34 (1) Annual Report.Aug 27, 2025
Aug 27, 2025Notice For 9Th AGM And Integrated Annual Report For FY2025Aug 27, 2025
Aug 27, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 27, 2025
Aug 27, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 20, 2025
Aug 20, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptAug 14, 2025
Aug 14, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeAug 11, 2025
Aug 11, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 11, 2025
Aug 11, 2025Announcement under Regulation 30 (LODR)-Investor PresentationAug 08, 2025
Aug 08, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSAug 08, 2025
Aug 08, 2025Announcement under Regulation 30 (LODR)-AcquisitionAug 08, 2025
Aug 08, 2025Announcement under Regulation 30 (LODR)-Monitoring Agency ReportAug 08, 2025
Aug 08, 2025Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended June 30 2025Aug 08, 2025
Aug 08, 2025Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended June 30 2025Aug 08, 2025
Aug 08, 2025Board Meeting Outcome for Unaudited Standalone And Consolidated Financial Results Of The Company For The Quarter Ended June 30 2025Aug 08, 2025
Aug 08, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 06, 2025
Aug 06, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAug 06, 2025
Aug 06, 2025Announcement under Regulation 30 (LODR)-Change in ManagementAug 05, 2025
Aug 05, 2025Board Meeting Intimation for Prior Intimation - Board Meeting For Consideration Of Unaudited Financial Results Of The Company For The Quarter Ended June 30 2025.Aug 04, 2025
Aug 04, 2025Announcement under Regulation 30 (LODR)-Change in ManagementAug 03, 2025
Aug 03, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSJul 29, 2025
Jul 29, 2025Max Estates Limited Has Informed The Exchange In Continuation Of Earlier Intimation Dated March 27 2025 Regarding The Execution Of A Binding Memorandum Of Understanding With New York Life Insurance Company That The Company And New York Life Insurance CompJul 18, 2025
Jul 18, 2025Shareholder Meeting / Postal Ballot-Outcome of Postal_BallotJul 11, 2025
Jul 11, 2025 Shareholder Meeting / Postal Ballot-Scrutinizer"s ReportJul 11, 2025
Jul 11, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 04, 2025
Jul 04, 2025Closure of Trading WindowJun 27, 2025
Jun 27, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSJun 17, 2025
Jun 17, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJun 11, 2025
Jun 11, 2025Shareholder Meeting / Postal Ballot-Notice of Postal BallotJun 10, 2025
Jun 10, 2025Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015Jun 05, 2025
Jun 05, 2025Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_OrderJun 05, 2025
Jun 05, 2025Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 29, 2025
May 29, 2025Intimation Of The Decision Of The BSE Limited On The Application For Re-Classification In Relation To Ms. Neelu Analjit Singh From Promoter And Promoter Group To Public Category As Per Regulation 31(A) Of The SEBI (Listing Obligations And Disclosure RequiMay 29, 2025
May 29, 2025Announcement under Regulation 30 (LODR)-Earnings Call TranscriptMay 28, 2025
May 28, 2025 Shareholder Meeting / Postal Ballot-Scrutinizer"s ReportMay 27, 2025
May 27, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 24, 2025
May 24, 2025Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - OutcomeMay 23, 2025
May 23, 2025Intimation Of The Decision Of The National Stock Exchange Of India Limited On The Application For Re-Classification In Relation To Ms. Neelu Analjit Singh From Promoter And Promoter Group To Public Category As Per Regulation 31(A) Of The SEBI (Listing OblMay 23, 2025
May 23, 2025Announcement under Regulation 30 (LODR)-Investor PresentationMay 23, 2025
May 23, 2025Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSMay 22, 2025
May 22, 2025Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseMay 22, 2025
May 22, 2025Technical Indicators
RSI(14)
Neutral 53.09
ATR(14)
Less Volatile 16.61
STOCH(9,6)
Neutral 60.04
STOCH RSI(14)
Neutral 60.09
MACD(12,26)
Bullish 1.76
ADX(14)
Weak Trend 17.16
UO(9)
Bearish 57.52
ROC(12)
Uptrend And Accelerating 5.68
WillR(14)
Neutral -31.54
Mutual Fund Holdings
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PGIM India Small Cap Fund Direct - Growth 
TRUSTMF Flexi Cap Fund Direct - Growth 
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