Max Estates
421.85
+4.70(+1.13%)
Market Cap₹6,841.90 Cr
PE Ratio202.79
IndustryRealty
Company Performance:
1D+1.13%
1M+5.81%
6M-7.36%
1Y-5.48%
5Y+49.04%
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More news about Max Estates
12Jan 26
Max Estates Limited ESG Rating Upgraded to 68 for FY2024-25 by SES ESG Research
Max Estates Limited has received an upgraded ESG rating of 68.00 for FY2024-25, up from 65.3 in the previous fiscal year, as assessed by SEBI registered provider SES ESG Research Private Limited. The rating improvement of 2.70 points was assigned voluntarily based on publicly available data without company engagement. The development was disclosed to BSE and NSE on January 12, 2026, in compliance with Regulation 30 requirements.
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10Jan 26
Max Estates and NYL Subscribe Additional ₹134.10 Crores in Convertible Debentures for Subsidiary MENPL
Max Estates Limited and New York Life Insurance Company completed additional investments totaling ₹134.10 crores in subsidiary MENPL on January 9, 2026. NYL invested ₹66.00 crores while Max Estates contributed ₹68.10 crores through Series I convertible debentures. This follows their earlier ₹450.30 crore commitment in July 2025, reinforcing their strategic partnership.
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06Jan 26
Max Estates Allots 11.42 Lakh Equity Shares Through Warrant Conversion Worth ₹56.25 Crores
Max Estates Limited allotted 11,41,552 equity shares to promoter Max Ventures Investment Holdings Private Limited through warrant conversion for ₹56.25 crores at ₹657.00 per share on January 6, 2026. The transaction increased the company's paid-up capital from ₹162.29 crores to ₹163.43 crores and raised promoter shareholding from 44.89% to 45.28%. This represents the second tranche of warrant conversions following the original allotment of 22,83,104 convertible warrants in October 2024.
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01Jan 26
Max Estates Subsidiary Max Square Limited Receives ₹35.48 Lakh Tax Penalty for Alleged Income Under-Reporting
Max Estates Limited's subsidiary Max Square Limited has received a penalty of ₹35.48 lakh under Section 270A for alleged under-reporting of ₹63.78 lakh interest income for AY 2021-22. The penalty follows an earlier NFAC order confirming the income addition and tax demand of ₹21.13 lakh. The subsidiary has appealed to the Income Tax Appellate Tribunal with hearing concluded and order pending. The company states the financial impact is not material at consolidated level.
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26Dec 25
Max Estates Limited Completes Acquisition of Base Buildwell Private Limited as Wholly-Owned Subsidiary
Max Estates Limited completed the acquisition of Base Buildwell Private Limited on December 26, 2025, acquiring 10,000 equity shares of ₹10.00 face value and 24,17,256 CCDs of ₹100.00 face value, representing 100% ownership. The acquisition makes BBPL a wholly-owned subsidiary and follows regulatory compliance under SEBI regulations, with the formal completion occurring at 17:00 hours IST.
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13Dec 25
Max Estates Grants 10.05 Lakh Stock Options Under ESOP Plan 2023
Max Estates Limited has approved the grant of 10,04,512 stock options under its Employee Stock Option Plan 2023. The options have an exercise price of ₹230.00 per option, with a face value of ₹10.00 per share. The vesting schedule spans four years, with 25% vesting each year from December 13, 2026, to December 13, 2029. Employees have a 2-year exercise period from each vesting date. The plan complies with SEBI regulations and is administered by the company's Nomination and Remuneration Committee.
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03Dec 25
Max Estates Unveils Forest-Inspired Luxury Living with Estate 361 in Gurugram
Max Estates has launched Estate 361, a new residential project in Sector 36A, Gurugram, spanning 18.23 acres. The development features over 250,000 sq.ft. of forest greens with 1,000 indigenous trees, and offers 3 and 4 bedroom units. It includes a 200,000 sq.ft. community clubhouse called 'The Hub' with various amenities. The project incorporates senior living residences and an Antara Integrated Wellness Centre. Estate 361 is strategically located for connectivity across Delhi NCR and has received IGBC Platinum Pre-certification.
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08Nov 25
Max Estates Reports 24% Revenue Growth, Plans INR 9,500 Crore Project Launches
Max Estates Limited achieved 24% year-on-year growth in consolidated revenue, reaching INR 100 crores for H1 FY26. The company reported 100% occupancy in commercial assets and a 41% increase in lease rental income. Cumulative presales exceeded INR 7,500 crores from Estate 128 and Estate 360 projects. Max Estates plans to launch three new projects with a combined GDV of INR 9,500 crores in H2 FY26, targeting presales of INR 6,000-6,500 crores. The company secured development rights for a 7.25-acre parcel in Gurgaon and received a dual 5-star GRESB rating for ESG practices. With INR 1,900 crores in cash and INR 1,550 crores in borrowings, Max Estates maintains a strong financial position.
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04Nov 25
Max Estates Targets ₹9,500 Crore Project Launches for FY26, Reports Strong Q2 Results
Max Estates Limited reported strong Q2 results with consolidated revenue of ₹487.73 crore and profit after tax of ₹78.14 crore. The company unveiled ambitious growth plans, targeting ₹9,500 crore worth of project launches in FY26. Their expansion strategy includes a residential pre-sales target of ₹6,000-₹6,500 crore for FY26, projected to grow to ₹14,500-₹15,000 crore by FY28. Max Estates secured development rights for a 7.25-acre land parcel in Gurugram with a potential gross development value exceeding ₹3,000 crore. The company continues its strategic partnership with New York Life Insurance Company for key project investments.
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04Nov 25
Max Estates Reports Strong Q2 FY26 Results, Expands Real Estate Portfolio
Max Estates Limited reported robust financial results for Q2 FY26, with consolidated revenue of Rs. 487.73 crore and profit after tax of Rs. 78.14 crore. The company completed key acquisitions, including Boulevard Projects Private Limited and a 7.25-acre land parcel in Gurugram. Max Estates raised funds through a QIP and preferential issue, utilizing them for land acquisitions and development rights. Ongoing projects in Noida and Gurugram are progressing as scheduled.
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03Nov 25
Max Estates Reports Strong Q2 Performance with 238% Surge in Net Profit and Rs 2,046.53 Lakh Half-Year Profit Before Tax
Max Estates Limited has reported strong financial results for Q2 FY2025-26. Net profit soared 238% to ₹72.60 crore, while revenue increased 21.3% to ₹487.70 crore. EBITDA grew 18% to ₹100.80 crore, with a slight margin decline. The company completed strategic acquisitions, including Boulevard Projects Private Limited, and made significant investments in subsidiaries. A new land acquisition in Gurugram was also executed. Total assets stood at Rs 10,78,998.99 lakhs as of September 30, 2025.
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31Oct 25
Max Estates Appoints Dharmender Kumar as Director & Chief Corporate Affairs Officer
Max Estates Limited has appointed Dr. Dharmender Kumar as Director & Chief Corporate Affairs Officer, effective November 1, 2025. The Board of Directors approved this appointment on October 30, 2025. Dr. Kumar, previously Director & Chief Corporate Affairs Officer at Max Group, brings extensive experience in corporate affairs and policy advocacy. He joined Max India in 2007 and has risen through the ranks. Dr. Kumar holds a Post Doctorate and PhD from Ecole Supérieure Robert de Sorbon, France. Max Estates has also scheduled its Q2 FY26 Earnings Conference Call for November 4, 2025.
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08Sept 25
Max Estate Expands Footprint: Acquires 7.25-Acre Land in Gurugram for Housing Project
Max Estates has acquired a 7.25-acre land parcel in Gurugram, NCR, for a new housing project. This strategic move aims to expand the company's presence in the region. While specific project details are yet to be disclosed, the acquisition suggests a significant residential development is planned. The move comes as the NCR real estate market shows signs of post-pandemic recovery and growth.
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11Aug 25
Max Estates Reports 80% Revenue Decline and Swings to Loss in Q1 FY2026
Max Estates, a real estate developer in North India, experienced a substantial financial downturn in Q1 FY2026. Total income dropped 80% to ₹22.75 crore from ₹113.75 crore in Q1 FY2025. The company reported a net loss of ₹25.57 crore, compared to a net profit of ₹28.47 crore in the previous year. EBITDA turned negative at ₹2.65 crore, down from ₹167.07 crore. The unaudited results were approved by the Board of Directors on August 08, 2025.
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08Aug 25
Max Estates Reports Strong Q1 Results, Expands Portfolio with Strategic Acquisitions
Max Estates Limited reported robust Q1 financial results with consolidated revenue up 27% year-on-year to Rs. 51.50 crore. Lease rental income increased 33% to Rs. 34.00 crore. The company completed strategic acquisitions, including Boulevard Projects Private Limited and a mixed-use land parcel in Noida. Commercial properties show 100% occupancy rates. Residential projects are progressing well. Max Estates plans Rs. 9,500.00 crore worth of launches in H2 and aims to acquire Rs. 7,000.00 crore GDV in the next 3 years.
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05Aug 25
Max Estates COO Rishi Raj Steps Down, Effective September 30
Rishi Raj, Chief Operating Officer of Max Estates Limited, has resigned to pursue other professional opportunities. His last working day will be September 30. The company acknowledged Raj's contributions in a regulatory filing. Max Estates' Board of Directors is set to meet on August 8 to consider and approve the unaudited financial results for the quarter ended June 30.
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03Aug 25
Max Estates Appoints Vachan Singh as Chief Operating Officer - Projects
Max Estates Limited has appointed Vachan Singh as Chief Operating Officer - Projects, effective August 4, 2025. Singh brings over 35 years of experience in real estate, including project management, design, operations, and business strategy. He previously served as COO & Business Head for Mumbai Urban Cluster at Adani Realty, managing a 35 million square feet portfolio. Singh has held senior positions at Oberoi Realty, L&T Realty, Mahagun, Tata Housing, and DLF. He holds a B.E. in Civil Engineering from BITS Pilani and has completed an Executive Leadership Program from Ross School of Business, Michigan.
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23May 25
NSE Rejects MAX ESTATES Promoter Reclassification to Public Shareholder
MAX ESTATES' attempt to reclassify promoter Neelu Analjit Singh as a public shareholder has been rejected by the National Stock Exchange (NSE). This decision maintains the company's existing promoter shareholding structure and requires continued adherence to regulatory requirements associated with promoter holdings. The rejection may impact future decisions related to equity dilution, strategic investments, and market perception of the company's governance structure.
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23May 25
Max Estates Projects Robust Growth: FY26 Guidance Unveiled
Max Estates has announced ambitious financial guidance for FY26. The company expects project launches worth ₹9,500 crore, a 66% increase from FY25's projection of ₹5,723 crore. Pre-sales are anticipated to reach ₹6,000-6,500 crore in FY26, up from ₹5,321 crore in FY25, representing a potential growth of 12.8% to 22.2%. These projections suggest a bullish outlook on the real estate market and the company's expansion strategy.
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22May 25
Max Estates Reports Robust Q4 Revenue and Profit Growth
Max Estates announced impressive Q4 results with revenue rising to ₹108.20 crore, up 82.15% year-over-year. Net profit soared to ₹151.70 crore, a 270% increase from the previous year. Despite strong annual growth, there was a slight dip in net profit compared to the previous quarter. The results showcase significant financial improvements, potentially due to successful project deliveries, increased sales, or improved operational efficiencies.
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24Apr 25
Max Estates Acquires Delhi One Project in Noida for Rs 3.4 Lakh, Expanding Portfolio
Max Estates Limited has acquired Boulevard Projects Pvt. Ltd. for Rs 3.40 lakh, reviving the Delhi One project in Noida through the IBC process. The project, spanning 2.5 million square feet on a 10-acre land parcel, represents a total capital commitment of approximately Rs 1,400 crore. It offers a sales potential of over Rs 2,000 crore and an annuity rental income potential exceeding Rs 120 crore. The development will feature ultra-luxury serviced residences, premium office spaces, retail outlets, and an exclusive club. Max Estates received final approvals from NCLT and NCLAT, completing the acquisition by obtaining 100% equity share capital of Boulevard Projects Private Limited.
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05Apr 25
Max Estates Receives Rs 2.15 Crore GST Order from UP Tax Department
Max Estates Limited has received a GST order demanding Rs 2.15 crore from the UP Tax Department for alleged violations in FY 2021-22. The company plans to challenge the order through appropriate legal remedies, stating it has strong grounds to contest the demand. This follows an earlier show cause notice for Rs 2.25 crore related to input tax credit claims spanning 2018-19 to 2022-23.
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Max Estates
421.85
+4.70
(+1.13%)
1 Year Returns:-5.48%
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