Max Estates balance sheet

As of Mar 2026

Total assets: ₹12,437cr+71.6% on Mar 2025
Shareholders' equity: ₹3,161cr+18.8% on Mar 2025
Total debt: ₹2,379cr+47.4% on Mar 2025
Cash and investments: ₹585cr−27.9% on Mar 2025

₹ crore except per share

Tap a line for its trend	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024

Non-current assets
	11.1	6.1	19.0
	2,506	2,028	1,804
	2.5	2.8	3.0
	0.0	0.0	0.3
	5.2	5.1	2.7
	2.8	3.7	6.6
	865	249	123
	873	258	132
	195	88.2	64.9
	322	644	84.6
	3,909	3,028	2,108
Current assets
	6,888	2,285	533
	380	582	90.0
	12.3	14.5	8.0
	205	229	231
	410	854	29.2
	359	164	52.7
	1,366	1,844	411
	273	89.6	50.4
	8,528	4,218	994
	12,437	7,246	3,101
Equity
	163	161	148
	2,256	2,117	1,023
	2,420	2,278	1,171
	741	382	280
	3,161	2,661	1,451
Liabilities
	2,307	1,470	826
	149	144	172
	4,483	2,458	998
	6.4	3.8	2.8
	23.2	16.6	7.4
	4,513	2,478	1,008
	72.8	145	88.3
	1,018	453	37.3
	45.9	38.7	45.4
	1,137	637	171
	5.6	5.0	3.7
	2.2	0.1	0.3
	3,618	1,465	468
	4,763	2,107	643
	9,276	4,585	1,651
	12,437	7,246	3,101
Liabilities — additional as-filed lines
	2,028	844	0.0
Trade payables — MSME split
	11.8	3.3	—
	1,007	450	—
	2,028	844	—

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

alphave

MAXESTATES₹518.10

Max Estates Limited

· Real Estate

₹ CrorePeersMAHLIFE GANESHHOU KALPATARU MANINFRA RUSTOMJEE KOLTEPATIL RAYMONDREL ASHIANAMcap ₹8,468 Cr

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In ₹ Crore except Per Share As of	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/06/2026
Non-current Assets
+ Property, Plant & Equipment	19.0	6.1	11.1	11.1
+ Investment Property	1,803.8	2,028.4	2,505.7	2,505.7
+ Other Intangibles	3.0	2.8	2.5	2.5
+ Intangibles under Development	0.3	0.0	0.0	0.0
+ Non-current Investments	2.7	5.1	5.2	5.2
+ Trade Receivables — Non-current	6.6	3.7	2.8	2.8
+ Other Non-current Financial Assets	122.6	249.0	864.8	864.8
Non-current Financial Assets	131.9	257.9	872.7	872.7
+ Deferred Tax Assets	64.9	88.2	195.5	195.5
+ Other Non-current Assets	84.6	644.5	321.9	321.9
Total Non-current Assets	2,107.5	3,027.9	3,909.5	3,909.5
Current Assets
+ Inventories	532.9	2,285.0	6,888.1	6,888.1
+ Current Investments	90.0	582.0	380.2	380.2
+ Trade Receivables	8.0	14.5	12.3	12.3
+ Cash & Cash Equivalents	230.7	229.0	204.9	204.9
+ Other Bank Balances	29.2	854.3	410.1	410.1
+ Other Current Financial Assets	52.7	163.7	358.7	358.7
Current Financial Assets	410.6	1,843.6	1,366.2	1,366.2
+ Other Current Assets	50.4	89.6	273.4	273.4
Total Current Assets	993.9	4,218.1	8,527.7	8,527.7
Total Assets	3,101.4	7,246.1	12,437.2	12,437.2
Equity
+ Equity Share Capital	147.5	161.0	163.4	163.4
+ Other Equity / Reserves	1,023.4	2,117.5	2,256.5	2,256.5
Equity — Owners of Parent	1,170.9	2,278.5	2,419.9	2,419.9
+ Minority Interest	279.6	382.5	741.3	741.3
Total Equity	1,450.5	2,660.9	3,161.2	3,161.2
Liabilities
+ Borrowings — Non-current	825.9	1,469.7	2,306.5	2,306.5
+ Other Non-current Financial Liab	172.2	144.1	148.5	148.5
Non-current Financial Liabilities	998.1	2,457.5	4,483.4	4,483.4
+ Provisions — Non-current	2.8	3.8	6.4	6.4
+ Deferred Tax Liabilities	7.4	16.6	23.2	23.2
Non-current Liabilities	1,008.3	2,478.0	4,513.0	4,513.0
+ Borrowings — Current	88.3	145.1	72.8	72.8
+ Trade Payables	37.3	453.1	1,018.4	1,018.4
+ Other Current Financial Liab	45.4	38.7	45.9	45.9
Current Financial Liabilities	171.0	636.8	1,137.1	1,137.1
+ Provisions — Current	3.7	5.0	5.6	5.6
+ Current Tax Liabilities	0.3	0.1	2.2	2.2
+ Other Current Liabilities	467.5	1,465.2	3,618.1	3,618.1
Current Liabilities	642.5	2,107.2	4,763.1	4,763.1
Total Liabilities	1,650.9	4,585.1	9,276.0	9,276.0
Total Equity & Liabilities	3,101.4	7,246.1	12,437.2	12,437.2
Liabilities — additional as-filed lines
+ Trade Payables — Non-current	0.0	843.8	2,028.3	2,028.3
Trade Payables — MSME split
+ Dues to Micro & Small — Current	—	3.3	11.8	11.8
+ Dues to Other Creditors — Current	—	449.8	1,006.7	1,006.7
+ Dues to Other Creditors — Non-current	—	843.8	2,028.3	2,028.3

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

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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%.