MAXESTATES
Max Estates Limited (MAXESTATES) Stock Analysis
Max Estates Limited is an Indian commercial and residential real estate developer within the Max group, building offices and housing in Delhi NCR and other cities. It monetizes land through premium developments and leasing. Cash flows are project-based with long gestation. It is listed on Indian stock exchanges.
Real Estate › Real Estate - Development
₹535.80
+0.76% 1W | +15.10% 52W
Market Cap
8.8k CR
P/E Ratio
734
52W High
₹652.8
52W Low
₹305.4
Div. Yield
0%
Beta
1.1
50 DMA
₹522.7
200 DMA
₹434.8
Profit Margin
3%
Inst. Own.
10%
⚠️ BREAKDOWN
⚠️ BREAKDOWN
Fundamentals
Profit & Loss
| Metric | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 18.28 | 20.49 | 24.17 | 30.01 | 40.49 | 40.18 | 40.04 | 39.78 | 51.47 | 48.77 | 49.77 | 49.43 | 51.91 |
| Expenses | 15.13 | 19.92 | 17.90 | 22.20 | 25.26 | 31.64 | 28.47 | 30.72 | 37.56 | 38.68 | 46.84 | 52.63 | 43.79 |
| Operating Profit | 3.15 | 0.57 | 6.27 | 7.81 | 15.23 | 8.54 | 11.57 | 9.06 | 13.91 | 10.09 | 2.93 | -3.20 | 8.12 |
| OPM % | 17.23% | 2.78% | 25.94% | 26.02% | 37.61% | 21.25% | 28.90% | 22.78% | 27.03% | 20.69% | 5.89% | -6.47% | 15.64% |
| Other Income | -39.28 | 7.29 | 6.30 | 8.55 | 7.21 | 12.60 | 31.85 | 37.52 | 28.66 | 25.86 | 21.68 | 21.15 | 28.17 |
| Interest | 4.38 | 10.52 | 13.88 | 14.21 | 16.55 | 13.94 | 14.83 | 16.55 | 17.32 | 16.28 | 15.63 | 16.19 | 16.73 |
| Depreciation | 3.69 | 6.37 | 6.89 | 8.45 | 8.77 | 8.41 | 8.16 | 8.76 | 8.41 | 8.04 | 8.02 | 7.93 | 8.17 |
| Profit before tax | -44.20 | -9.03 | -8.20 | -6.30 | -2.88 | -1.21 | 20.43 | 21.27 | 16.84 | 11.63 | 0.96 | -6.17 | 11.39 |
| Tax % | -13.19% | -49.94% | -8.41% | -24.92% | -30.56% | 14.05% | 22.61% | 34.23% | 29.10% | 32.85% | 96.88% | -33.87% | 26.60% |
| Net Profit | -38.37 | -4.51 | -7.51 | -4.73 | -2.00 | -1.38 | 15.82 | 13.99 | 11.94 | 7.82 | 0.02 | -4.08 | 8.35 |
| EPS in Rs | 0.01 | -0.21 | -0.10 | 0.11 | 0.13 | 1.23 | 1.08 | 0.71 | 0.45 | -0.07 | -0.31 | 0.29 |
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|
| Sales | 69 | 107 | 93 | 160 | 199 | 200 |
| Expenses | 39 | 76 | 75 | 116 | 175 | 182 |
| Operating Profit | 31 | 32 | 18 | 44 | 24 | 18 |
| OPM % | 44% | 30% | 19% | 28% | 12% | 9% |
| Other Income | 5 | 24 | -17 | 89 | 97 | 97 |
| Interest | 16 | 19 | 43 | 62 | 65 | 65 |
| Depreciation | 11 | 15 | 25 | 34 | 32 | 32 |
| Profit before tax | 8 | 22 | -68 | 38 | 23 | 18 |
| Tax % | 42% | 16% | -19% | 30% | 33% | |
| Net Profit | 5 | 18 | -55 | 26 | 16 | 12 |
| EPS in Rs | -2.87 | 2.53 | 0.77 | 0.36 | ||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | 23.0% | – | – |
Shareholding Pattern
Promoters45.23%
FIIs26.60%
DIIs6.80%
Public21.37%
Promoters44.90%
FIIs25.67%
DIIs7.78%
Public21.65%
Promoters45.27%
FIIs25.88%
DIIs7.65%
Public21.19%
Promoters45.25%
FIIs25.84%
DIIs8.20%
Public20.69%
Promoters45.23%
FIIs26.34%
DIIs8.73%
Public19.69%
Promoters49.51%
FIIs27.61%
DIIs0.20%
Public22.69%
Promoters45.25%
FIIs27.43%
DIIs6.30%
Public21.01%
Promoters45.27%
FIIs25.88%
DIIs7.65%
Public21.19%
Promoters45.23%
FIIs26.34%
DIIs8.73%
Public19.69%
MAXESTATES
Holdings Analysis
Key strengths & risk signals
65
Overall
51
Fundamental
79
Technical
Risks (1)
Cannot calculate PEG - insufficient growth data.
Strengths (4)
GOOD STABILITY! Only 1 revenue dip in history. Strong business fundamentals.
BULLISH TREND! 50-day average (522.7) is above 200-day average (434.8) - positive signal.
BULLISH SENTIMENT! In last 30 days: 18 up days, 12 down days. Avg volume on up days: 199,174 vs down days: 74,157. Ratio: 2.69x
STRONG POSITION! Current price (535.8) is above both moving averages.
Fundamental & Technical Analysis
65Overall
51Fundamental
79Technical
Fundamental Breakdown
Growth Quality
17/30
Revenue CAGR: 22.9% (EXCELLENT, 15/15). Profit CAGR: -13.0% (DECLINING, 2/15).
Profit Margin
2/10
LOW MARGIN! 3.0% profit margin - thin profits.
PEG Valuation
1/10
Cannot calculate PEG - insufficient growth data.
Dividend Yield
3/10
NEGLIGIBLE DIVIDEND! 0% yield - little to no income.
Debt to Equity
6/10
MODERATE DEBT! D/E of 0.62 - acceptable leverage.
Public Holding
14/20
MODERATE PUBLIC HOLDING! 20.96% public ownership - balanced ownership structure.
Stability Index
8/10
GOOD STABILITY! Only 1 revenue dip in history. Strong business fundamentals.
Technical Breakdown
Moving Averages
12/10
BULLISH TREND! 50-day average (522.7) is above 200-day average (434.8) - positive signal.
Price Position
8/10
STRONG POSITION! Current price (535.8) is above both moving averages.
Trend Pattern
10/20
BREAKDOWN! Stock has broken below support levels - weakness present.
52W Performance
6/10
POSITIVE YEAR! Stock gained 15.1% in the last year.
Volume Sentiment
30/30
BULLISH SENTIMENT! In last 30 days: 18 up days, 12 down days. Avg volume on up days: 199,174 vs down days: 74,157. Ratio: 2.69x
RSI
3/5
NEUTRAL! RSI at 45.4 - balanced momentum.
52W Range
4/5
UPPER HALF! Trading at 66.3% of 52W range - positive territory.
Momentum
3/5
MIXED MOMENTUM! Price growth is inconsistent - 0.8% (1 week), -5.8% (1 month), 30.8% (3 months).
Beta
3/5
MARKET ALIGNED! Beta of 1.10 - moves with the market.
MAXESTATES
Concall / Investor Presentation
Earnings call transcripts & AI summaries
| Quarter | Concall | Summary |
|---|---|---|
| Q4FY262026-06-01 | Concall PDF | |
| Q3FY262026-02-16 | Concall PDF | |
| Q2FY262025-11-07 | Concall PDF |
Peer Comparison
Real Estate · Real Estate - Development · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MAXESTATES | ₹535.80 | 734 | 3.0% | 22.9% | -13.0% | +15.1% | 65 | BREAKDOWN | -29.4% | -304.9% | +0.8% | +5.1% |
| IBULLSLTD | ₹35.80 | 19.2 | 36.1% | 1,863.2% | 42.4% | +102.6% | 83 | BREAKOUT | -6,600.0% | -27.0% | +308.1% | -52.4% |
| SIGNATURE | ₹728.30 | 9.8 | 45.7% | 18.6% | – | -33.9% | 51 | APPROACHING RESISTANCE | -148.0% | -101.4% | -36.2% | -50.1% |
| MAHLIFE | ₹353.90 | 22.6 | 15.8% | 24.8% | 43.3% | -3.7% | 73 | BOUNCE FROM SUPPORT | +67.0% | -5.1% | +2,906.6% | +43.7% |
| GANESHHOU | ₹680.60 | 21.4 | 41.4% | -5.8% | 46.7% | -20.3% | 59 | BREAKDOWN | -54.9% | -31.6% | +85.6% | +194.3% |
| KALPATARU | ₹262.60 | 43.1 | 3.4% | -3.2% | – | -29.2% | 50 | APPROACHING RESISTANCE | -46.4% | -113.2% | +6.5% | -72.1% |
| SOBHA | ₹1,190.80 | 55.2 | 4.1% | 16.3% | 22.9% | -22.1% | 60 | BREAKOUT | +273.5% | -44.7% | +50.0% | -35.7% |
| ANANTRAJ | ₹524.00 | 31.8 | 22.8% | 37.9% | 54.5% | -15.8% | 77 | BREAKDOWN | +18.8% | +2.0% | +6.6% | -2.4% |
Data from TradeAlone · Updated daily
MAXESTATES News
Max Estates Limited (maxestates) Q2 FY27: Pre-sales Surge to ₹3,200 Crore2026-10-06Max Estates Limited (maxestates) Enters into Binding MOU for Ghaziabad Joint Development2026-09-23Max Estates Limited Acquires 84.71-acre Land Parcel in Delhi Via Non-cash Share Swap2026-08-29Max Estates Limited (maxestates) Q1 FY27: Pre-sales Surge to INR ~1,100 Crore2026-07-03Max Estates Limited (maxestates) FY26 Collections Increased 61% Yoy to INR 1,578 Crore2026-05-23Max Estates Limited (maxestates) Launches the Terraces at Estate 361, Gurugram2026-05-13
