- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies.
- ₹7,705 Cr698th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit.
- Owners' profit not stated
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. The filing of 22 May 2026
- 3.2
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonein the last 12 months
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet. The filing of 14 Aug 2026
- −0.3%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026. The filing of 22 May 2026
- 0.75
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day.
- 81,92941.3% delivered
Results
Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results
Quarter to Jun 2026, against the quarter beforeFiled 14 Aug
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹52 Crup 5.01%
- Net profitNet profit. Under it, net profit in the quarter before. A change in per cent is not worked out where either period is a loss or nothing.
- ₹8.35 CrQuarter to Mar 2026: −₹4.08 Cr
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
- 16.1%
Revenue by year
Peak revenue ₹199 Cr, year to Mar 2026
Net profit by year, a loss in red
- Net profit
- Loss
A loss in 1 of the 3 years shown
| ₹ crore | Sep 2024Filed 8 Nov | Dec 2024Filed 7 Feb | Mar 2025Filed 17 Nov | Jun 2025Filed 22 Sep | Sep 2025Filed 3 Nov | Dec 2025Filed 6 Feb | Mar 2026Filed 22 May | Jun 2026Filed 14 Aug |
|---|---|---|---|---|---|---|---|---|
| Revenue | 40.2 | 40.0 | 39.8 | 51.5 | 48.8 | 49.8 | 49.4 | 51.9 |
| Net profit | −1.4 | 15.8 | 14.0 | 11.9 | 7.8 | 0.0 | −4.1 | 8.4 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | −3.4% | 39.5% | 35.2% | 23.2% | 16.0% | 0.1% | −8.3% | 16.1% |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
In the year to Mar 2026 the company reports one business segment, REAL ESTATE, which carries all its revenue.
Valuation
Today, against the company's own history. Not shown, P/E: a quarter's profit for shareholders does not agree with its own earnings per share. Dividend yield is not shown: no dividend in the years on record.PE ratio and valuation history
Price to bookPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet.
At or below today's level on 37% of 647 trading days since Jan 2024.
LowestHighest
Its median3.4Industry median1.4
EV to EBITDAEnterprise value to EBITDA. Market cap plus borrowings less cash and bank balances, divided by operating profit before depreciation (revenue less operating expenses, without other income and one-off items) over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly): what the whole business costs against the profit its operations make. Lease liabilities are not counted: the results filings do not state them.527.9
At or below today's level on 91% of 556 trading days since May 2024.
LowestHighest
Its median212.6Industry median16.7
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −20.7% | −62.1% | +109.4% | 0.0% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 1 year is on profit divided by shares in issue at both ends: the earnings per share stated for one end does not match that year's profit and share count.
Mutual funds holding it
13 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 1 of the 1 fund that added or cut is an index fund, an ETF or an arbitrage fund: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 1 more fund filed its first portfolio on record, holding it.Mutual fund holdings
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 1
- AddedAdded. Funds that held more shares than at the end of the month before.
- 1
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 10
| Fund | |||
|---|---|---|---|
 Kotak-Small Cap FundKotak Mahindra Mutual Fund | 25,47,581 | 0.78% | ₹149.6 Cr |
 Nippon India Small Cap FundNippon India Mutual Fund | 25,10,461 | 0.18% | ₹147.4 Cr |
 Bandhan Small Cap FundBandhan Mutual Fund | 18,24,804 | 0.30% | ₹107.1 Cr |
 Invesco India Large & Mid Cap FundInvesco Mutual Fund | 16,09,854 | 0.78% | ₹94.5 Cr |
| Invesco India Mid Cap FundInvesco Mutual Fund | 13,38,912 | 0.50% | ₹78.6 Cr |
| Invesco India Small Cap FundInvesco Mutual Fund | 9,76,325 | 0.36% | ₹57.3 Cr |
| Bandhan Large & Mid Cap FundBandhan Mutual Fund | 9,28,617 | 0.26% | ₹54.5 Cr |
 quant Small Cap Fundquant Mutual Fund | 8,75,756 | 0.14% | ₹51.4 Cr |
| Nippon India Multi Asset Allocation FundNippon India Mutual Fund | 5,19,867 | 0.17% | ₹30.5 Cr |
| Invesco India ELSS Tax Saver FundInvesco Mutual Fund | 4,05,197 | 0.92% | ₹23.8 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Peers and competitors
Residential, Commercial Projects, 172 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Max Estates in market cap.
Max Estates is not on the chart: it has no P/E or return on equity today
| Company | |||||||||
|---|---|---|---|---|---|---|---|---|---|
 Horizon Industrial ParksHORIZONIND | 12,180 | – | – | – | – | – | – | – | 0.00% |
 Aditya Birla Real EstateABREL | 11,643 | – | 3.1 | – | −82.8% | – | – | – | 0.24% |
 Sri Lotus Developers and RealtyLOTUSDEV | 11,021 | 37.6 | 5.4 | 29.5 | – | – | 15.5% | 16.2% | 0.35% |
 Signatureglobal (India)SIGNATURE | 9,999 | 9.6 | 5.4 | – | −23.0% | +710.6% | 81.0% | −3.3% | 0.00% |
 Mahindra Lifespace DevelopersMAHLIFE | 7,152 | 23.8 | 2.0 | 290.6 | +839.3% | +85.5% | 8.5% | 0.1% | 1.04% |
| Embassy DevelopmentsEMBDL | 6,736 | – | 0.7 | – | −39.6% | – | −9.8% | −4.3% | 0.00% |
 Ganesh Housing Ltd-$GANESHHOU | 5,527 | 20.8 | 2.4 | 14.3 | −28.5% | −54.1% | 12.1% | 15.1% | 0.23% |
 KalpataruKALPATARU | 5,053 | 43.3 | 1.2 | 129.3 | – | – | 3.5% | 0.4% | 0.00% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Latest announcements
Routine notices left out.Share news and announcements
Oct 2026
22 Oct · Management
22 Oct · Management
8 Oct · Legal
Max Estates share price by year
Each calendar year to 2025.Max Estates share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 450.10 | −20.7% | 616.65 | 344.70 |
| 2024 | 567.30 | +82.8% | 684.35 | 249.85 |
| 2023 | 310.30 | – | 328.70 | 255.45 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2023 is from its first session, 30 Oct 2023.
Recent sessions
The last 10 trading days to 23 Oct 2026, as traded on NSE.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 23 Oct 2026 | 490.25 | 504.45 | 463.30 | 471.00 | 471.39 | 81,929 | 41.3% |
| 22 Oct 2026 | 495.90 | 507.00 | 486.15 | 495.15 | 495.40 | 50,543 | 49.6% |
| 21 Oct 2026 | 512.00 | 520.95 | 486.40 | 493.85 | 500.17 | 93,598 | 58.6% |
| 19 Oct 2026 | 529.05 | 529.05 | 511.10 | 512.35 | 515.38 | 53,867 | 56.6% |
| 16 Oct 2026 | 535.00 | 540.15 | 521.10 | 525.60 | 529.48 | 34,710 | 60.8% |
| 15 Oct 2026 | 548.35 | 548.35 | 534.00 | 535.80 | 538.01 | 25,657 | 57.0% |
| 14 Oct 2026 | 546.70 | 549.25 | 539.45 | 544.80 | 545.00 | 20,869 | 48.9% |
| 13 Oct 2026 | 525.10 | 547.65 | 525.10 | 546.70 | 541.01 | 39,693 | 52.1% |
| 12 Oct 2026 | 530.00 | 543.20 | 524.65 | 531.60 | 531.48 | 51,916 | 56.4% |
| 9 Oct 2026 | 535.65 | 535.65 | 526.10 | 529.55 | 529.27 | 33,339 | 48.0% |
Prices in ₹ per share as traded, not adjusted.
Company details
- Legal name
- Max Estates Limited
- NSE symbol
- MAXESTATES
- BSE code
- 544008
- ISIN
- INE03EI01018
- Industry
- Realty
- Listed
- Oct 2023
- Face value
- ₹10
- CIN
- L70200DL2016PLC438718
- Corporate identity number, the registrar of companies' code for it