Mahesh Developers share price, P/E, ROE & financials

Mahesh Developers (BSE: MAHESH) had a P/E of 69.2× on 6 Nov 2026, above the industry P/E of 22.1×, and the shares are 52% below their 52-week high. Its ROCE of 1.2% is the lowest among the 7 largest Real Estate (Development) peers, and net profit grew 28% a year over 3 years. Debt is 2.85× equity. It is a small-cap company with a market cap of ₹9.19 Cr, ranked 107th of 112 Real Estate (Development) companies by market cap; the shares rose 80% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹21.04
Day high: ₹22.14
Day low: ₹21.04
Prev. close: ₹22.14
Volume: 101

Health check

1 good · 5 to check

ReturnsAhead
+80.0% over a year, better than 7 of 7 peers.
Price tagPricier
P/E 69.2 vs industry 22.1.
GrowthSlow
Profit +28.3% a year over 3 years.
ProfitabilityWeak
ROCE 1.2% vs peer median 10.4%.
Balance sheetStretched
Debt 2.85× equity, interest covered 311.8×, Piotroski 4 of 9.
Red flags5 to check
Return on equity is low at 3.4%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Real Estate - Development

111 listed peers. Screen the industry

Small cap

₹9.19 Cr, #107 of 112 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹0 Cr · profit ₹0 Cr

Market cap: ₹9.19 Cr; Small cap
P/E: 69.2; Industry 22.1
Price to book: 2.25; Peers 2.88
Dividend yield: 0.00%
ROE: 3.4%; Peers 11.1%
ROCE: 1.2%; Peers 10.4%
Debt to equity: 2.85; Debt ₹12 Cr
EPS (TTM): ₹0.32
OPM (TTM): 0.0%; Net margin 0.0%
Sales growth: n/a; Year-ago quarter not reported
Profit growth: −42.1%; Latest quarter vs a year ago
Price to sales: n/a; EV/EBITDA 112.2

Risks to check

Return on equity is low at 3.4%.
Debt is 2.85× equity.
Quarterly profit down 42.1% on a year ago.
P/E of 69.2 against an industry P/E of 22.1.
52% below its 52-week high.

No standout strengths in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Mahesh Developers

Mahesh Developers Limited engages in the construction business in India. It is involved in the community, recreational, residential, and commercial construction projects. The company was founded in 1970 and is based in Mumbai, India.

Headquarters: Mumbai
Sector: Real Estate
ISIN: INE01MO01013
Website: maheshdevelopers.in

Price range

52 weeks

₹12.00₹46.49

Today

₹21.04₹22.14

Avg volume (3M): 1.7K
1-year return: plus 80.0%
From 52-week high: minus 52.4%

Peers · Real Estate - Development

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
DLFDLF	752.90	plus 1.03%	1,86,366	40.8	127.6	6.3%	15.3%	0.01	11.3%	minus 3.8%
LODHALodha Developers	1,179.00	plus 0.27%	1,17,812	27.1	25.2	18.2%	33.1%	0.41	20.4%	minus 3.9%
OBEROIRLTYOberoi Realty	1,739.00	minus 0.13%	63,230	24.0	18.8	16.7%	57.5%	0.14	12.9%	minus 2.2%
GODREJPROPGodrej Properties	1,809.30	minus 0.31%	54,501	40.4	–	11.1%	−6.5%	1.02	32.4%	minus 20.9%
BRIGADEBrigade Enterprises	558.15	minus 0.89%	18,205	25.1	15.6	9.8%	29.2%	0.83	18.5%	minus 26.2%
ANANTRAJAnant Raj	445.45	minus 4.41%	16,031	26.5	24.1	10.4%	27.8%	0.13	37.9%	minus 27.8%
SOBHASobha	1,275.40	minus 1.28%	13,642	71.4	46.7	7.4%	6.5%	0.33	16.3%	minus 20.2%
MAHESHMahesh Developers	22.14	0.00%	9	69.2	108.4	1.2%	0.0%	2.85	–	plus 80.0%
Median of 7 peers	–	−0.31%	54,501	27.1	24.7	10.4%	27.8%	0.33	18.5%	−20.2%

Quarterly results

Consolidated, ₹ crore

Operating profit (EBITDA)Select a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
0	0	0	0.1	0
0	0	0	0	0
0	0	0	0	–
0	–	–	–	–
0	0	0	0.1	0
−26.2%	25.8%	25.9%	26.0%	−26.4%
0	0	0	0.1	0
0.04	0.05	0.06	0.19	0.02

Profit & loss

Yearly, ₹ crore

Profit CAGR 3Y: +28.3%
EPS CAGR 3Y: +27.3%
ROE: 3.4%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
0.5	0.2	0	0.2
−0	0	0	0
0.4	0.2	0	0
0	0	0	0
–	0	–	–
0.1	0	0	0.2
26.0%	1.2%	25.9%	26.0%
0.1	0	0	0.1
–	minus 61.5%	minus 7.1%	+489.7%
0.16	0.06	0.06	0.33

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
4.2	4.2	4.2	4.2
−0.2	−0.2	−0.2	−0.1
7.6	10.6	10.8	11.6
27.7	29.9	32.6	33.1
39.2	44.4	47.4	48.9
3.2	3.2	3.2	3.2
0.7	0.7	0.7	0.7
35.3	40.5	43.5	44.9
39.2	44.4	47.4	48.9

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
8.3	0.4	0.9	−0.7
0.2	−3.7	−1.2	−0.1
−8.3	3.2	0.3	0.8
0.2	−0	0	0
−0.1	–	–	–
8.2	0.4	0.9	−0.7

Shareholding pattern

This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.

Major shareholders

BSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you