Pulse
NIFTY 5024,980.40+0.35%
SENSEX81,720.10+0.28%
NIFTY SHARIAH 254,850.15+0.42%
GOLD 24K (10g)₹75,420+0.38%
SILVER (1kg)₹88,400-0.12%
ACTIVE IPOS8 Open+38% GMP
TCS₹4,124.50+1.18%
INFY₹1,892.40+1.22%
USD/INR₹83.92-0.04%
NIFTY 5024,980.40+0.35%
SENSEX81,720.10+0.28%
NIFTY SHARIAH 254,850.15+0.42%
GOLD 24K (10g)₹75,420+0.38%
SILVER (1kg)₹88,400-0.12%
ACTIVE IPOS8 Open+38% GMP
TCS₹4,124.50+1.18%
INFY₹1,892.40+1.22%
USD/INR₹83.92-0.04%
MAX ESTATES LIMITED

MAX ESTATES LIMITED

NSE: MAXESTATES
Real Estate - DevelopmentReal EstateMID CAPMCap ₹8.60k Cr
₹525.60₹-10.20 (-1.90%)

Market Closed • NSE

Market cap₹8.60k Cr
Enterprise value₹10.83k Cr
P/E TTM720.00
Forward P/E16.69
P/B3.55
EPS TTM₹0.73
Forward EPS₹31.50
D/E0.76
Dividend yield0.00%
52W high₹652.80
52W low₹305.45
Price chart(1Y)
1Y Return:+22.43% (+₹96.30)
H: ₹652.8L: ₹378
1W-1.13%
1M-9.00%
3M+30.65%
6M+34.89%
1Y+11.30%
Today at a glance

Day range

₹521.10₹540.15

52 week range

₹305.45₹652.80
Volume34.7K0.22x 20D avg
Free float50.00%-77.70% volume

MAX ESTATES LIMITED closed at INR525.60 (-1.9%) on volume 0.22x its 20-day average, trading 19.49% below its 52-week high.

Technical analysis
RSI (14)41.3Neutral (30–70)
MACDBEARISHBearish (Below signal)
ATR (14)₹21.75High
SMA 20₹566.03BEARISH
SMA 50₹531.01BEARISH
SMA 100₹479.69BULLISH
SMA 200₹438.00BULLISH
CPR bottom₹541.17
Pivot₹539.38
CPR top₹537.59
What changed recently?

2026-Q1

Q1 FY2026 Financial Results

PAT moved -16226.5% QoQ

2023-12-15

AGM Announced

Annual General Meeting

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹2.41k Cr₹8.60k Cr28.05%≤ 33%PASS
Non-halal income ratio–₹199.5 Cr0.00%≤ 5%PASS
Illiquid assets ratio₹12.23k Cr₹12.44k Cr98.35%≥ 20%PASS
Receivables ratio–₹12.44k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E720.0023.00
Forward P/E16.69—
P/B3.552.50
EV/EBITDA—18.00
PEG—0.10
Earnings yield0.104.30
Growth & profitability
RevenuePAT
FY23PAT margin 17.70%
FY24PAT margin -45.40%
FY25PAT margin 16.50%
FY26PAT margin 7.90%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+22.90%
Revenue CAGR 5Y—
PAT CAGR 3Y-6.20%
PAT CAGR 5Y—
Operating margin35.11%
Net margin3.02%
Financial health & cash flow
Net debt₹2.21k CrModerate
Interest coverage-0.10xEBIT / interest
CFO / PAT-9.27x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹-61564.8 Lakh
Capital expenditure–
Free cash flow₹-69652.9 Lakh
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall50/100
Valuation35/100
Profitability50/100
Financial health65/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Established operational history in the sector

Active institutional participation

Risks

Stretched Valuation: Trading at a high P/E multiple of 720.0x

Bull case

Market Leadership: Established operational scale in Real Estate - Development.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
—Annual General MeetingAnnual General Meeting—15 Dec 2023
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)50.67%+10.08% latest vs average
Highest delivery83.55%on 18 Sept
Average volume (20D)155.8KTrading-session average
Conviction trendStrengthening+10.08% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
DLF Limited
DLF LimitedDLF
Open analysis
₹1.67L37.581.19%₹1,280.00₹794.00-52.89%+4.06%
Lodha Developers Limited
Lodha Developers LimitedLODHA
Open analysis
₹1.06L25.700.40%₹4,997.00₹1,373.00+43.10%+103.41%
The Phoenix Mills Limited
The Phoenix Mills LimitedPHOENIXLTD
Open analysis
₹67,847.9152.840.13%₹1,233.20₹403.35+21.34%+50.04%
Prestige Estates Projects Limited
Prestige Estates Projects LimitedPRESTIGE
Open analysis
₹64,264.9556.410.13%₹2,675.00₹271.00+15.95%-13.14%
Oberoi Realty Limited
Oberoi Realty LimitedOBEROIRLTY
Open analysis
₹61,921.4623.550.47%₹1,038.00₹508.00+33.94%+64.40%
Godrej Properties Limited
Godrej Properties LimitedGODREJPROP
Open analysis
₹48,295.6430.180.62%₹121.00₹61.00+14.15%+8.93%
Brigade Enterprises Limited
Brigade Enterprises LimitedBRIGADE
Open analysis
₹18,759.2327.020.34%₹1,116.00₹217.00-12.88%+37.34%
Anant Raj Limited
Anant Raj LimitedANANTRAJ
Open analysis
₹18,416.7031.020.19%₹631.00₹149.00+6.59%+18.25%
About MAX ESTATES LIMITED
MAX ESTATES LIMITED

Max Estates Limited develops and constructs 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, selling, and distribution of residential or commercial complex, houses, buildings, etc. The company was incorporated in 2016 and is based in Noida, India.

IndiaReal Estate

Questions investors ask
Is MAX ESTATES LIMITED Shariah compliant?

MAX ESTATES LIMITED is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (28.05%) complies with AAOIFI threshold (≤ 33%).

What is MAX ESTATES LIMITED's current valuation relative to peers?

MAX ESTATES LIMITED trades at a P/E of 720.0x compared to the sector median of 23x, and a Price-to-Book of 3.5x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.76x. Interest coverage is -0.1x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at steady rates while net profit growth averaged consistent levels.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.