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NSE:MAXESTATES

MAX ESTATES LIMITED

Realty › Realty
₹510.00
at close · 28 Oct 2026
▼ 3.00 (-0.58%)

Latest filings

  1. Director and Chief Corporate Affairs Officer resigns · Management Changes
  2. GST show cause notice to Max Estates for Rs 2.59 Cr proposed demand · Regulatory & Legal
  3. Max Estates files demat confirmation certificate for Q2 FY27 · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Develops and sells residential real estate while leasing commercial space across NCR markets including Noida and Gurugram. Residential pre-sales have stayed above Rs 5,000 crore for two consecutive years, driven by launches such as The Terraces Phase 1 (~Rs 500 crore realisation), and Q1FY27 unit sales ran more than five-fold higher year-on-year. Commercial assets run at full occupancy, generating recurring lease income, and New York Life co-invested Rs 584 crore in Noida projects. Reported revenue of Rs 199 crore in FY26 reflects accounting timing against much larger cash collections. The largest cost line is other operating expenses at 69.5% of revenue, followed by depreciation at 16.3% and employee costs at 16.7%, while capex runs at 40.6% of revenue.

Operating scale
Total portfolio
18.4 million sq ftFY26
FY26 pre-sales
Rs 5,305 croreFY26
FY26 cash collections
Rs 1,578 crore (up 61% YoY)FY26
Q1FY27 pre-sales
~Rs 1,100 crore (487 units vs 43 prior year)Q1FY27
GDV pipeline
Exceeds Rs 17,200 croreFY26
Commercial occupancy
100%FY26
Who pays it
Residential unit buyers and commercial tenants; New York Life co-invested Rs 584 crore in Noida projects
Biggest cost
Other operating expenses at 69.5% of revenue
Kind of business
Asset-heavy real estate developer with residential pre-sales and leased commercial assets
Where it sits
GRESB 5-Star rated, ranked No.1 among peers
Market Cap
₹8,338 Cr
P / E (TTM)
689.2×
EV / EBITDA
91.6×
Div Yield
—
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
1.2%·
ROCE (FY26)
ROE 0.5% · margin 60.7%
Leverage
0.75·
Debt / Equity · moderate
Net debt ₹2,174 Cr
Revenue FY24→FY26
2.1×▲
Margin +67.2 pts
₹93 Cr → ₹199 Cr
Moves on a normal day
1.41%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 66 Residential Commercial Projects peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#57/57
P/B#45/64
ROCE#57/66
ROE#57/64
Debt / Equity#52/64
EBITDA margin#2/66
Revenue growth#45/67
Profit growth#48/66

Scorecard

Measured from the filed financials, judged against its Residential Commercial Projects peers · as of FY26 — not investment advice

Strengths
Nothing stands out in the filed numbers.
Concerns
Returns on capital 1.2%
#57 of 66 in Residential Commercial Projects on the latest reported figures
Carries more debt than its peers — 0.75× equity
higher than 81% of its 64 Residential Commercial Projects peers
Heavy working capital — 10764 days of cash tied up

Charts

How has the market priced it — with filings on the timeline?

MAXESTATES · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from MAX ESTATES LIMITED's filed financials and exchange disclosures

What does MAX ESTATES LIMITED do?

MAX ESTATES LIMITED is a Realty company listed on NSE and BSE, trading under the symbol MAXESTATES.

Is MAX ESTATES LIMITED profitable?

Yes. Over the trailing twelve months MAX ESTATES LIMITED reported a net profit of ₹12 Cr on revenue of ₹200 Cr.

Does MAX ESTATES LIMITED pay a dividend?

Not in the latest reported year — MAX ESTATES LIMITED's dividend payout for FY26 was nil.

Is MAX ESTATES LIMITED debt-free?

No. It reported borrowings of ₹2,379 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹2,174 Cr after cash. Debt stands at 0.75× equity. That is higher than 81% of its 64 Residential Commercial Projects peers.

Is MAX ESTATES LIMITED expensive compared with its peers?

On trailing P/E, MAX ESTATES LIMITED ranks 57 of 57 in Residential Commercial Projects — cheaper than 0% of them, against an industry median of 20.5×. This is a position, not a valuation judgement.

How much does the MAX ESTATES LIMITED share price move in a day?

On a typical session MAX ESTATES LIMITED moves 1.41% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track MAX ESTATES LIMITED's announcements?

Every NSE and BSE filing by MAX ESTATES LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.