Max Estates share price, P/E, ROE & financials

On 6 Nov 2026, Max Estates was priced at ₹502.45, or 688.3× trailing earnings, against an industry P/E of 22.1×, and the shares are 23% below their 52-week high. Sales grew 23% a year over 3 years while net profit fell 13%; its ROCE of 1.1% is the lowest among the 7 largest Real Estate (Development) peers. Debt is 0.76× equity. It is a small-cap company with a market cap of ₹8,219 Cr, ranked 10th of 112 Real Estate (Development) companies by market cap; the shares rose 7.3% 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: ₹507.00
Day high: ₹511.20
Day low: ₹495.00
Prev. close: ₹511.65
Volume: 48.7K

Health check

1 good · 1 fair · 4 to check

ReturnsAhead
+7.3% over a year, better than 7 of 7 peers.
Price tagPricier
P/E 688.3 vs industry 22.1.
GrowthSteady
Sales +22.9%, profit −13.0% a year over 3 years.
ProfitabilityWeak
ROCE 1.1% vs peer median 10.4%.
Balance sheetStretched
Debt 0.76× equity, interest covered 1.4×, Piotroski 3 of 9.
Red flags4 to check
Return on equity is low at 0.5%.

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

Real Estate - Development

111 listed peers. Screen the industry

Small cap

₹8,219 Cr, #10 of 112 in its industry by size.

Moves with the market

Beta 1.19 vs the NIFTY 50: tracks the market closely.

Key metrics

Last 12 months to Jun 2026: sales ₹296 Cr · profit ₹9 Cr

Market cap: ₹8,219 Cr; Small cap
P/E: 688.3; Industry 22.1
Price to book: 3.39; Peers 2.88
Dividend yield: 0.00%
ROE: 0.5%; Peers 11.1%
ROCE: 1.1%; Peers 10.4%
Debt to equity: 0.76; Debt ₹2,409 Cr
EPS (TTM): ₹0.73; Face value ₹10
OPM (TTM): 10.7%; Net margin 3.0%
Sales growth: +0.8%; Latest quarter vs a year ago
Profit growth: −30.0%; Latest quarter vs a year ago
Price to sales: 27.74; EV/EBITDA 92.0

Risks to check

Return on equity is low at 0.5%.
Quarterly profit down 30.0% on a year ago.
P/E of 688.3 against an industry P/E of 22.1.
Interest coverage of only 0.4×.

No standout strengths in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Max Estates

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

Headquarters: Noida
Employees: 309
Sector: Real Estate
ISIN: INE03EI01018
Website: maxestates.in

Price range

52 weeks

₹305.45₹652.80

Today

₹495.00₹511.20

Avg volume (3M): 2 L
1-year return: plus 7.3%
From 52-week high: minus 23.0%

Analyst consensus

5 analysts

No consensusMean target ₹649.80 29.3%

Target range, with today’s price

Low ₹545.00High ₹800.00

Today’s price ₹502.45 is below the lowest analyst target.

Consensus from Yahoo Finance. Not a recommendation.

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%
MAXESTATESMax Estates	502.45	minus 1.80%	8,219	688.3	396.2	1.1%	10.7%	0.76	22.9%	plus 7.3%
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

SalesSelect a row below to chart it

Mar 25	Jun 25	Dec 25	Mar 26	Jun 26
39.8	51.5	49.8	49.4	51.9
–	–	–	+24.3%	+0.8%
30.7	37.6	46.8	52.6	43.8
9.1	13.9	2.9	−3.2	8.1
22.8%	27.0%	5.9%	−6.5%	15.6%
15.6	28.7	21.7	21.2	28.2
16.5	17.3	15.6	16.2	16.7
8.8	8.4	8	7.9	8.2
22	–	–	–	–
21.3	16.8	1	−6.2	11.4
34.2%	29.1%	97.4%	33.9%	26.6%
14	11.9	0	−4.1	8.4
–	–	–	minus 129.2%	minus 30.0%
0.90	0.74	–	-0.26	0.51

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +22.9%
Profit CAGR 3Y: −13.0%
EPS CAGR 3Y: −9.1%
ROE: 0.5%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
107	92.9	160	199
–	minus 13.4%	+72.7%	+24.3%
75.7	92.7	116	175
31.7	0.2	44.4	24.1
29.5%	0.3%	27.7%	12.1%
10.7	35.1	65	75.5
17.3	42.6	59.6	64.5
14.9	25.4	34.1	32.4
12	−35.1	22	20.6
22.1	−67.7	37.6	23.3
16.4%	18.6%	29.7%	32.5%
19	−42.2	40.8	12.5
–	minus 321.7%	–	minus 69.3%
1.29	-2.87	1.70	0.97

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
–	147	161	163
–	1,024	2,117	2,256
862	999	1,656	2,412
154	931	3,311	7,605
2,227	3,101	7,246	12,437
19	19	430	34.8
–	–	415	20.2
59.2	27.2	103	683
152	365	1,684	1,090
1,997	2,690	4,615	10,610
2,227	3,101	7,246	12,437

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
−456	271	225	−616
−52.1	−292	−1,993	−291
521	234	1,766	879
12.8	213	−1.7	−27.8
−522	−321	−677	−80.9
−979	−49.8	−452	−697

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 10.5% (Yahoo estimate).

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you