



Realty | Small Cap
Max Estates Ltd, operating in the real estate sector, shows a mixed financial performance. The company demonstrates strong growth in revenue and operating profit, coupled with a high asset growth rate, indicating aggressive expansion. However, this growth is contrasted by negative trends in EPS and net income growth, suggesting potential challenges in translating revenue into profits. The company's solvency is reasonably managed, reflected in its debt and equity ratios. Profitability metrics present a varied picture, with good gross and operating margins but concerning returns on equity and assets. Overall, Max Estates exhibits high-growth characteristics tempered by some profitability and earnings-related concerns. The real estate industry is subject to cyclical trends and regulatory changes, so while the company currently demonstrates growth and strong solvency, potential risks could arise from market fluctuations impacting project valuations and sales.
Max Estates Ltd, operating in the real estate sector, shows a mixed financial performance. The company demonstrates strong growth in revenue and operating profit, coupled with a high asset growth rate, indicating aggressive expansion. However, this growth is contrasted by negative trends in EPS and net income growth, suggesting potential challenges in translating revenue into profits. The company's solvency is reasonably managed, reflected in its debt and equity ratios. Profitability metrics present a varied picture, with good gross and operating margins but concerning returns on equity and assets. Overall, Max Estates exhibits high-growth characteristics tempered by some profitability and earnings-related concerns. The real estate industry is subject to cyclical trends and regulatory changes, so while the company currently demonstrates growth and strong solvency, potential risks could arise from market fluctuations impacting project valuations and sales.
Overall Valuation Score
Markets Depth NSE
Buy Orders
Bid
Quantity
Orders
No buy depth
Total
0
0
Sell Orders
Ask
Quantity
Orders
No sell depth
Total
0
0
Markets Today NSE
High
0.00
Low
0.00
Open
0.00
Close
0.00
Prev Close
0.00
Avg Price
0.00
Volume
0
Last Traded Quantity
0
Last Traded Time
N/A
Price Movement Indicator
Today's Low: 0.00
Today's High: 0.00
P/E RATIO (TTM)
127.21
Industry Median
25.72
Small Cap Median
21.98
P/E RATIO
642.66
P/B RATIO
3.34
Industry Median
2.32
Small Cap Median
2.06
P/S RATIO
41.43
Industry Median
3.77
Small Cap Median
3.32
Others
PEG RATIO
19.04
EV/EBITDA RATIO
83.07
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹494.85 as on Aug 23, 2026.
The company shows strong growth. High revenue and operating profit growth rates demonstrate successful expansion and market penetration. The significant asset growth rate further suggests aggressive investment and development activities. However, negative EPS and net income growth rates raise concerns about profitability. This could be due to increased costs, higher interest expenses, or other factors affecting the bottom line. Therefore, while the company is growing rapidly, it needs to focus on improving profitability.
| Growth Ratios | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue Growth Rate | 55.07 | -13.08 | 72.04 | 24.38 | |
| Operating Profit Growth Rate | 3.23 | -43.75 | 144.44 | -45.45 | |
| Earnings Per Share (EPS) Growth | -188.15 | -69.57 | |||
| Asset Growth Rate | 116.2 | 39.62 | 133.65 | 72.04 | |
| Net Income Growth Rate | 260 | -405.56 | -147.27 | -38.46 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | NESCO Ltd | 8.55 | 17.68 | Neutral | 490.00 | 58.59 | 413.00 |
| 2 | Ganesh Housing Corporation Ltd | 8.48 | 11.29 | Overvalued | 779.00 | 4.28 | 598.00 |
| 3 | Marathon Nextgen Realty Ltd | 7.65 | 11.71 | Highly Undervalued | 121.00 | 25.45 | 206.00 |
| 4 | Keystone Realtors Ltd | 7.55 | 59.43 | Neutral | 122.00 | 3.23 | 95.00 |
| 5 | AGI Infra Ltd | 7.54 | 38.37 | Highly Overvalued | 123.00 | 7.59 | 95.00 |
| 6 | Raymond Ltd | 7.47 | 0.80 | Neutral | 231.00 | -1.98 | 5361.00 |
| 7 | Sunteck Realty Ltd | 7.14 | 21.29 | Neutral | 305.00 | -1.34 | 202.00 |
| 8 | Ajmera Realty & Infra India Ltd | 7.13 | 15.50 | Undervalued | 298.00 | 6.46 | 157.00 |
| 9 | Hubtown Ltd | 6.29 | 18.62 | Undervalued | 153.00 | 7.69 | 164.00 |
| 10 | Mahindra Lifespace Developers Ltd | 6.20 | 27.19 | Neutral | -122.00 | 3.38 | 298.00 |
| 11 | Hemisphere Properties India Ltd | 6.09 | -334.82 | Neutral | -9.00 | -0.39 | -11.00 |
| 12 | Kolte Patil Developers Ltd | 5.79 | -106.73 | Neutral | -61.00 | -0.22 | -38.00 |
| 13 | Valor Estate Ltd | 5.05 | 225.70 | Neutral | 25.00 | 1.61 | 27.00 |
| 14 | Max Estates Ltd | 4.93 | 642.66 | Highly Overvalued | 24.00 | 3.89 | 16.00 |
| 15 | Embassy Developments Ltd | 4.50 | -10.33 | Neutral | -474.00 | -2.04 | -872.00 |
| 16 | Puravankara Ltd | 4.49 | 81.55 | Neutral | 691.00 | 2.97 | 57.00 |
| 17 | TARC Ltd | 3.84 | 190.88 | Neutral | -264.00 | -5.61 | 19.00 |
0 Credits RemainingUnlock Deep Technical Insights in Seconds Only with Dhanarthi AI
Overall Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Market Sentiment
Analysis Driven By 26 Technical Indicators From The 1 Hour Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bearish
Momentum Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
Volatility Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Bullish
Volume Score
Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
Neutral
No Stock Reports Available at This Moment.
No Stock News Available at This Moment.
Max Estates Ltd. is the real estate arm of Max Group, focusing on premium residential and commercial developments primarily in the Delhi-NCR region. The company designs, develops, and manages high-quality assets with an emphasis on design, wellness, and sustainability, catering to both sale and lease markets for a discerning clientele.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Max Estates Ltd's P/E ratio (TTM) is 127.21, compared to the industry median of 25.72 and large cap median of 21.98.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Max Estates Ltd's P/B ratio is 3.34, compared to the industry median of 2.32 and large cap median of 2.06.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Max Estates Ltd's P/S ratio is 41.43, compared to the industry median of 3.77 and large cap median of 3.32.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Max Estates Ltd's PEG ratio is 19.04.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Max Estates Ltd's EV/EBITDA ratio is 83.07.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Max Estates Ltd's ROE is 0.66%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Max Estates Ltd's ROA is 0.19%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Max Estates Ltd's ROCE is 2%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Max Estates Ltd's operating margin is 12.06%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. Max Estates Ltd's net margin is 8.04%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Max Estates Ltd's current ratio is 1.24.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Max Estates Ltd's debt-to-equity ratio is 0.96.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Max Estates Ltd's interest coverage ratio is 1.35.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Max Estates Ltd's DPS is ₹0.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Max Estates Ltd's EPS is -69.57.
(Source line: "Ratios as of 23 Aug 2026, based on last traded price of ₹494.85. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded: 2016
Headquarters: New Delhi, Delhi
Core Offerings: Commercial Real Estate Development, Residential Development, Managed Office Solutions, Retail Spaces
Stock Listing: NSE (MAXESTATES), BSE (544008)
Promoter: Max Group
Max Estates Limited was incorporated in 2016 to consolidate the real estate businesses of Max Group. Initially operating as the real estate arm within Max Ventures & Industries Ltd. (MVIL), it focused on developing premium commercial and residential projects in Delhi-NCR. In 2023, the real estate business was demerged from Max Financial Services Ltd. and Max Ventures & Industries Ltd., leading to Max Estates Ltd. becoming an independent, publicly listed entity on the NSE and BSE. Today, it continues to expand its portfolio with a focus on high-quality, design-led developments.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Residential Development | N/A (project-dependent) | Operating Profit |
| Commercial Development & Leasing | N/A (project-dependent, rental income growing) | Operating Profit |
| Managed Office Solutions | N/A (growing business line) | Operating Profit |
Commercial Real Estate: Focuses on developing and leasing premium office and retail spaces, characterized by modern design, sustainability, and comprehensive amenities, primarily in the Delhi-NCR market (e.g., Max Towers, Max House, Max Square).
Residential Development: Creates luxury residential projects designed for discerning buyers, emphasizing wellness, design excellence, and integrated community living (e.g., Estate 128, Max Estates at 360).
Managed Office Solutions: Provides integrated co-working and flexible office solutions, enhancing tenant experience and maximizing asset utilization within their commercial properties.
Sahil Vachani (Managing Director & CEO): Leads the company's strategic growth and operational excellence, instrumental in building a portfolio of high-quality commercial and residential assets for Max Estates.
Max Estates One Private Limited
Max Estates 360 Private Limited
Max Square Limited
Max Ventures Investment Holdings Private Limited
Demerger from Max Financial Services and Max Ventures and Industries in 2023, leading to its independent listing on NSE and BSE.
The Max Estates Ltd share price today is ₹494.85 on NSE (MAXESTATES), as of 24 Aug 2026.
As of 23 Aug 2026, Max Estates Ltd share price is ₹494.85, with previous close ₹N/A. Today's range is ₹N/A to ₹N/A. The 52-week range is ₹N/A to ₹N/A.
As of today, Max Estates Ltd's market cap is ₹8,244.2 crore (Mid Cap).
Max Estates Ltd's current P/E ratio is 127.21, compared to the REALTY sector average of 66.86.
Max Estates Ltd's current P/B ratio is 3.34.
Max Estates Ltd's current dividend yield is N/A. Last dividend of ₹0.00 per share was declared on N/A.
Max Estates Ltd's EPS (TTM) is ₹-69.57.
Max Estates Ltd. is the real estate arm of Max Group, focusing on premium residential and commercial developments primarily in the Delhi-NCR region. The company designs, develops, and manages high-quality assets with an emphasis on design, wellness, and sustainability, catering to both sale and lease markets for a discerning clientele.
Max Estates Ltd is promoted by Max Group, holding 45.27% as of 23 Aug 2026.
Max Estates Ltd is listed on NSE (MAXESTATES) and BSE (544008). Its next quarterly results are expected on July/August 2024 (Q1 FY25).