Max Heights Infrastructure (BSE: MAXHEIGHTS) had a P/E of 12.2× on 6 Nov 2026, below the industry P/E of 21.3×, and the shares are 32% below their 52-week high. Its ROCE of 4.1% is the second-lowest among the 7 largest Real Estate Services peers, and sales grew 4.8% a year over 3 years. Debt is 0.11× equity. It is a small-cap company with a market cap of ₹17 Cr, ranked 51st of 64 Real Estate Services companies by market cap; the shares fell 24% over the past year.
- ₹12.25
- ₹12.25
- ₹11.00
- ₹11.57
- 4.4K
Health check
- ReturnsBehind
−24.1% over a year, better than 2 of 7 peers.
- Price tagCheaper
P/E 12.2 vs industry 21.3.
- GrowthSlow
Sales +4.8% a year over 3 years.
- ProfitabilityWeak
ROCE 4.1% vs peer median 7.6%.
- Balance sheetFair
Debt 0.11× equity, interest covered 4.6×, Piotroski 9 of 9.
- Red flags3 to check
Return on equity is low at 3.0%.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹17 Cr
- Small cap
- P/E
- 12.2
- Industry 21.3
- Price to book
- 0.51
- Peers 7.92
- Dividend yield
- 0.00%
- ROE
- 3.0%
- Peers 10.5%
- ROCE
- 4.1%
- Peers 7.6%
- Debt to equity
- 0.11
- Debt ₹3.65 Cr
- EPS (TTM)
- ₹0.90
- OPM (TTM)
- 27.2%
- Net margin 18.2%
- Sales growth
- −93.0%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 2.85
- EV/EBITDA 10.1
Strengths and risks
Strengths
- P/E of 12.2 against an industry P/E of 21.3.
Risks to check
- Return on equity is low at 3.0%.
- Quarterly sales down 93.0% on a year ago.
- 32% below its 52-week high.
About Max Heights Infrastructure
Max Heights Infrastructure Limited, together with its subsidiaries, engages in real estate development and financing activities in India. The company operates through three segments: Financing of Vehicles and Other Finance; Real Estate Business; and Dealing in Stock and Shares. It also engages in identification, acquisition, planning, execution, construction, and marketing of residential, commercial, industrial, and mixed-use properties; retail, office…
- Headquarters
- New Delhi
- Employees
- 4
- Sector
- Real Estate
- ISIN
- INE393F01010
- Website
- maxheights.com
Price range
- Avg volume (3M)
- 4.6K
- 1-year return
- minus 24.1%
- From 52-week high
- minus 31.8%
Peers · Real Estate Services
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ABRELAditya Birla Real Estate | 1,068.40 | minus 1.99% | 11,853 | – | – | −5.2% | −3.6% | 0.79 | −52.6% | minus 41.3% |
| WEWORKWeWork India Management | 681.65 | plus 1.04% | 9,466 | 95.7 | 9.4 | 12.3% | 64.2% | 16.44 | – | plus 6.7% |
| SMARTWORKSSmartworks Coworking Spaces | 515.85 | plus 4.91% | 5,900 | 52.4 | 9.2 | 7.4% | 65.3% | 10.29 | 36.2% | minus 18.9% |
| NIRLONNirlon | 635.00 | minus 0.57% | 5,722 | 20.4 | 12.6 | 23.3% | 77.4% | 2.42 | 5.4% | plus 16.4% |
| INDIQUBEIndiqube Spaces | 184.32 | plus 2.39% | 3,908 | – | 9.9 | 5.5% | 60.8% | 10.12 | 35.8% | minus 15.3% |
| ELPROINTLElpro International | 169.55 | plus 0.26% | 2,874 | 22.3 | 50.5 | 7.6% | 36.2% | 0.60 | 58.2% | plus 60.9% |
| EFCILEFC (I) | 165.12 | plus 0.22% | 2,443 | 8.3 | 8.1 | 16.0% | 44.5% | 1.73 | 115.7% | minus 43.6% |
| MAXHEIGHTSMax Heights Infrastructure | 11.02 | minus 4.75% | 17 | 12.2 | 10.5 | 4.1% | 27.2% | 0.11 | 4.8% | minus 24.1% |
| Median of 7 peers | – | 0.26% | 5,722 | 22.3 | 9.6 | 7.6% | 60.8% | 2.42 | 36.0% | −15.3% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 2.6 | 4.1 | 0.1 | 1.4 | 0.2 | |
| 2.7 | 2.6 | 0.2 | 1.3 | 0.2 | |
| −0.1 | 1.5 | −0 | 0.1 | −0 | |
| −3.4% | 36.3% | −3.5% | 7.2% | −4.3% | |
| 0 | 0 | 0.2 | 0 | 0 | |
| 0 | 0 | 0 | 0.2 | 0 | |
| 0.1 | 0.1 | 0.1 | 0 | 0.1 | |
| −0.2 | 1.4 | 0.1 | −0.1 | −0 | |
| – | – | – | −140.0% | – | |
| −0.2 | 1.4 | 0.1 | −0.4 | −0 | |
| – | 0.90 | – | – | – |
Profit & loss
- Sales CAGR 3Y
- +4.8%
- ROE
- 3.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 7.2 | 22.2 | 4.6 | 8.3 | |
| – | +209.1% | minus 79.4% | +80.5% | |
| 5 | 21.9 | 4.6 | 6.8 | |
| 2.2 | 0.4 | −0 | 1.5 | |
| 30.4% | 1.6% | −0.5% | 18.1% | |
| 0 | 0.7 | 0 | 0 | |
| 3.7 | 0.4 | 0.2 | 0.3 | |
| 0.2 | 0.2 | 0.2 | 0.2 | |
| −0.2 | 0 | −0 | 0.2 | |
| −1.8 | 0.4 | −0.4 | 1.2 | |
| −1.6% | 27.6% | −0.8% | 17.6% | |
| −0.9 | 0.3 | −0.4 | 1 | |
| -0.57 | 0.20 | – | 0.63 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 15.6 | 15.6 | 15.6 | 15.6 | |
| 13.5 | 17.4 | 17 | 18 | |
| 84.9 | 1.3 | 7 | 3.6 | |
| 35.1 | 1.2 | 0.1 | 0.3 | |
| 149 | 35.5 | 39.7 | 37.5 | |
| 1.5 | 1.3 | 1.1 | 0.9 | |
| 0.6 | 1.1 | 1.1 | 0.2 | |
| 5.2 | 4.6 | 2.6 | 5.1 | |
| 142 | 28.6 | 34.9 | 31.3 | |
| 149 | 35.5 | 39.7 | 37.5 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.8 | 8 | −6.9 | 4.4 | |
| −1.2 | 0.3 | 0.7 | 1.7 | |
| 2.7 | −8.5 | 5.4 | −3.7 | |
| 2.3 | −0.1 | −0.8 | 2.5 | |
| −1.3 | −0 | −0 | – | |
| −0.5 | 8 | −6.9 | 4.4 |
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
Filings & events
News
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