Max Estates Ltd (MAXESTATES) — shareholding pattern, promoter holding, financials and share price
About Max Estates Ltd (MAXESTATES)
Max Estates Ltd operates in the Residential, Commercial Projects industry, within the Realty sector. It trades on the NSE as MAXESTATES and on the BSE under scrip code 544008. Its ISIN is INE03EI01018.
This is the real estate development arm of Max Group. Company is a leading Real Estate player in Delhi - NCR. [1]
Max Estates Limited is the real estate development arm of the Max Group, focused on premium residential, senior-living and Grade-A commercial office spaces across the National Capital Region (Noida, Gurugram and Delhi), developing projects under brands including Estate 128, Estate 360, Estate 361 and multiple Max-branded commercial campuses.
The company shows strong sales momentum and visibility: Estate 361 Phase I launched with GDV ~INR2,500 crores and presales exceeding INR1,900 crores; combined presales for Estate 360 and Estate 128 are multi-thousand crore figures, supporting management’s target of INR4–5k crore launches in Q4 and collections guidance of INR2.8–3.0k crores.
Listed peers in Residential, Commercial Projects: Embassy Developments Ltd, Mahindra Lifespace Developers Ltd, Ganesh Housing Ltd, Sri Lotus Developers & Realty Ltd, Kalpataru Ltd, Keystone Realtors Ltd.
Valuation & Returns
10 Jul 2026At ₹447.2 a share on 10 Jul 2026, Max Estates Ltd (MAXESTATES) was valued at a price-to-earnings ratio of 466.9x against an industry P/E of 33.91x and a price-to-book of 3.21x on a book value of ₹139.36 per share as of Mar 2025. Solomo computes return on equity of 0.69% and return on capital employed of 2.25% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.
- P/E
- 466.9x
- Industry P/E
- 33.91x
- P/B
- 3.21x
- EPS (TTM)
- ₹0.96
- Book value / share
- ₹139.36
- ROE
- 0.69%
- ROCE
- 2.25%
- ROA
- 0.22%
- Debt / equity
- 0.73x
- Dividend yield
- 0%
- EBITDA margin
- 60.71%
- 52-week range
- ₹305.55 – ₹563.7
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2026In the year ended Mar 2026, Max Estates Ltd (MAXESTATES) reported revenue of ₹199 crore, net profit of ₹16 crore and earnings per share of ₹0.77. That compares with revenue of ₹160 crore and net profit of ₹26 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2026, revenue was ₹49.43 crore and net profit ₹-4.08 crore (consolidated).
| Metric | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 69 | 107 | 93 | 160 | 199 |
| Net profit (₹ cr) | 5 | 18 | -55 | 26 | 16 |
| EPS (₹) | - | 1.76 | -2.87 | 2.53 | 0.77 |
| Measure | 5Y | 3Y | 1Y |
|---|---|---|---|
| Sales growth | 30.04% | 1.75% | 72.68% |
| Profit growth | - | 276.47% | 147.95% |
| Stock price CAGR | - | - | -18% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 45.26% of Max Estates Ltd (MAXESTATES) (down 0.01 pp QoQ), foreign institutional investors (FII) hold 25.85% and domestic institutional investors (DII) hold 8.2%. Market capitalisation was ₹7,312 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Dec 2023.
Largest disclosed public shareholders in Jun 2026: NEW YORK LIFE INTERNATIONAL HOLDINGS LTD 19.13%, INVESCO INDIA SMALLCAP FUND 3.11%, NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA MULTI ASSET ALLOCATION FUND 1.85%, INDIA INSIGHT VALUE FUND 1.67%, BANDHAN SMALL CAP FUND 1.62%, ATUL BEHARI LALL 1.58%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 45.26% | - | 25.85% | 8.2% | 54.74% |
| Mar 2026 | 45.27% | - | 25.88% | 7.65% | 54.73% |
| Dec 2025 | 44.91% | - | 25.66% | 7.78% | 55.09% |
| Sep 2025 | 45.24% | - | 26.6% | 6.79% | 54.76% |
| Jun 2025 | 45.24% | - | 27.12% | 6.27% | 54.76% |
| Mar 2025 | 45.25% | - | 27.43% | 6.3% | 54.75% |
| Dec 2024 | 45.25% | - | 27.78% | 5.79% | 54.75% |
| Sep 2024 | 45.26% | - | 27.55% | 5.78% | 54.74% |