Max Estates financials

Latest results Q1 FY27 · Apr–Jun 2026
Revenue
₹51.9cr+0.8% on Q1 FY26
Net profit
₹8.4cr−30.0% on Q1 FY26
EBITDA margin
15.7%−11.4 pts on Q1 FY26
EPS
₹0.51−31.1% on Q1 FY26

Quarterly results

Every quarter ›
₹ croreQ1 FY27Q1 FY26Change
Revenue51.951.5+0.8%
EBITDA8.113.9−41.6%
EBITDA margin15.7%27.0%−11.4 pts
Profit before tax11.416.8−32.4%
Net profit8.411.9−30.0%
EPS₹0.51₹0.74−31.1%

Over time

Q1 FY27 · Apr–Jun 2026latest
Revenue₹51.9 crNet profit₹8.4 crNet margin16.1%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024
8,468———
585585811321
741741382280
2,3792,3791,615914
11,004———
20019916092.9
—+24.3%+72.7%—
17.923.744.417.8
9.0%11.9%27.7%19.1%
−14.2−8.710.3−7.6
12.115.726.4−55.1
6.1%7.9%16.5%−59.3%
₹0.74₹0.96₹2.50−₹2.59
—−61.5%+196.5%—
—−616225271
—−80.9−677−321
−697−697−452−49.8
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

MAXESTATES₹518.10

Max Estates Limited

· Real Estate
₹ CrorePeersMAHLIFEGANESHHOUKALPATARUMANINFRARUSTOMJEEKOLTEPATILRAYMONDRELASHIANAMcap ₹8,468 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization———8,468.1
- Cash, Equiv & ST Investments320.7811.0585.1585.1
+ Minority Interest279.6382.5741.3741.3
+ Total Debt914.21,614.72,379.32,379.3
Enterprise Value———11,003.6
Revenue92.9160.5199.5199.9
Growth %, YoY—+72.7+24.3—
EBITDA17.844.423.717.9
Margin %19.1227.6611.908.97
EBIT-7.610.3-8.7-14.2
Net Income-55.126.415.712.1
Margin %-59.3116.477.876.06
EPS, Adj (current shares)-2.592.500.960.74
Growth %, YoY—+196.5-61.5—
Cash from Operations270.7225.0-615.6—
Capital Expenditures-320.5-677.2-80.9—
Free Cash Flow-49.8-452.2-696.5-696.5
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Max Estates financials and key ratios

Prices at the 29 October 2026 close · figures from the company's filings with NSE

Max Estates (NSE: MAXESTATES) had a market capitalisation of ₹8,292 crore at the 29 October 2026 close (₹507.20 a share), a PE ratio of 717.1 on the last four quarters' profit and a price-to-book ratio of 3.43. In FY26 its consolidated net profit was ₹15.7 crore on revenue of ₹199 crore; in Q1 FY27 (April–June 2026) it was ₹8.4 crore, down 27.0% year on year. Its debt-to-equity ratio was 0.75 on 31 March 2026. Promoters held 45.23% of the shares on 30 September 2026.

Max Estates Q1 FY27 results
filed 14 August 2026
Share price used
₹507.20 · 29 October 2026 close
Latest balance sheet
31 March 2026
Shareholding pattern
30 September 2026

Max Estates at a glance · consolidated

Market cap
₹8,292 Crat ₹507.20 · 29 Oct close
PE ratio (last 4 quarters)
717.1528.4 on FY26 profit
Price to book (PB)
3.43book value ₹148.01 a share
ROE (FY26)
0.7%−1.7 pts vs FY25ROCE −0.1%
Debt to equity
0.75net debt ₹1,384 Cr
Promoter holding
45.23%unchanged vs 30 Jun 202630 September 2026
Net worth
₹2,420 Cr+6.2% vs 31 Mar 202531 March 2026
Free cash flow (FY26)
−₹697 Cr
EPS (FY26)
₹0.97

Questions

What is the Max Estates PE ratio today?

Max Estates' PE ratio is 717.1 at the 29 October 2026 close (₹507.20 a share): a market capitalisation of ₹8,292 crore divided by consolidated net profit of ₹11.6 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹15.7 crore) it is 528.4.

What is the Max Estates net worth?

Max Estates' net worth — shareholders' equity in its consolidated balance sheet — was ₹2,420 crore on 31 March 2026, up 6.2% from ₹2,278 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹8,292 crore at the 29 October 2026 close.

What is the Max Estates book value per share?

Max Estates' book value per share was ₹148.01 on 31 March 2026: shareholders' equity of ₹2,420 crore divided by the 16.35 crore shares in issue, up 4.6% from ₹141.52 a year earlier. The share price at the 29 October 2026 close was ₹507.20.

What is the Max Estates PB ratio (price to book value)?

Max Estates' price-to-book (PB) ratio is 3.43 at the 29 October 2026 close: a market capitalisation of ₹8,292 crore divided by shareholders' equity (book value) of ₹2,420 crore on 31 March 2026. That is a book value of ₹148.01 per share against a share price of ₹507.20.

What is the Max Estates ROE and ROCE?

In FY26, Max Estates' return on equity (ROE) was 0.7% and its return on capital employed (ROCE) was −0.1%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 2.4% and ROCE 0.3%.

What is the Max Estates promoter holding?

Promoters held 45.23% of Max Estates on 30 September 2026, down 0.03 percentage points from 45.26% the previous quarter and down 0.01 percentage points from 45.24% a year earlier, according to the shareholding pattern filed with NSE.

What is the Max Estates market cap?

Max Estates' market capitalisation was ₹8,292 crore at the 29 October 2026 close: 16.35 crore shares at ₹507.20 each.

Is Max Estates debt free?

No. Max Estates had borrowings of ₹2,379 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.75. Its cash and current investments were ₹995 crore, so its net debt was ₹1,384 crore.

When are the Max Estates next results?

Max Estates has not yet announced the date of its Q2 FY27 results (July–September 2026); under SEBI's listing rules (Regulation 33) they are due by 14 November 2026.

What is the Max Estates debt to equity ratio?

Max Estates' debt-to-equity ratio was 0.75 on 31 March 2026: borrowings of ₹2,379 crore against total equity of ₹3,161 crore. A year earlier, on 31 March 2025, it was 0.61.

What is the Max Estates free cash flow?

In FY26, Max Estates generated ₹616 crore of cash from operations and spent ₹80.9 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹697 crore. In FY25 it was −₹452 crore.

What is the Max Estates revenue and profit in FY26?

In FY26 (April 2025–March 2026), Max Estates' consolidated net profit was ₹15.7 crore, down 61.5% from ₹40.8 crore in FY25, on revenue from operations of ₹199 crore (up 24.3%).

What is the Max Estates EPS?

Max Estates' basic earnings per share (EPS) were ₹0.97 in FY26.

What is the Max Estates shareholding pattern?

On 30 September 2026, Max Estates' shares were held by promoters 45.23%, foreign portfolio investors (FII/FPI) 26.34%, domestic institutions (DII) 8.74% (including mutual funds at 8.57%) and retail and other non-institutional investors 19.69%. Over the year, FII holding was down 0.26 percentage points from 26.60% and DII holding was up 1.95 percentage points from 6.79%.

What are the Max Estates latest quarterly results?

Max Estates' latest results are for Q1 FY27 (April–June 2026), filed on 14 August 2026: consolidated net profit ₹8.4 crore, down 27.0% from ₹11.4 crore in Q1 FY26; revenue from operations ₹51.9 crore, up 0.8% year on year.

How does Max Estates compare with its peers?

On FY26 consolidated figures, against Mahindra Lifespace Developers, GANESH HOUSING and Kalpataru: Max Estates' operating margin of −4.4% is the third highest of the four (Mahindra Lifespace Developers −12.3%, GANESH HOUSING 81.4%, Kalpataru 2.2%; peer average 23.7%); its return on equity of 0.7% is the lowest of the four (Mahindra Lifespace Developers 10.8%, GANESH HOUSING 14.4%, Kalpataru 2.8%; peer average 9.3%).

How does the Max Estates PE ratio compare with its peers?

At the 29 October 2026 closing prices, on FY26 net profit, Max Estates' PE ratio is 528.4, the highest of the four: Mahindra Lifespace Developers 22.0, GANESH HOUSING 17.6 and Kalpataru 53.6, a peer average of 31.1. Each is the company's market capitalisation at that price divided by its FY26 net profit.

Max Estates vs Mahindra Lifespace Developers: how do they compare?

In FY26, Max Estates earned net profit of ₹15.7 crore on revenue of ₹199 crore, against ₹297 crore on ₹1,178 crore for Mahindra Lifespace Developers. Max Estates' operating margin was −4.4% (Mahindra Lifespace Developers −12.3%) and its return on equity 0.7% (Mahindra Lifespace Developers 10.8%). At the 29 October 2026 close, Max Estates' market capitalisation was ₹8,292 crore against ₹6,543 crore for Mahindra Lifespace Developers, and its PE ratio on FY26 profit 528.4 against 22.0.

Where do these Max Estates figures come from?

From Max Estates' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.