Max Estates Limited

Realty · Realty

NSE: MAXESTATES BSE: 544008
₹587.10
▲ 17.85 (3.14%)
Sept. 30, 2026 · NSE · nse_bhavcopy
Quality
71/100
Strong
Valuation
30/100
Expensive
Momentum
54/100
Neutral

QVM read Quality business Quality Strong, Valuation Expensive, Momentum Neutral

Tradinity's own scoring, not a copy of any third party's -- see the Key Metrics section for the real ratios behind each number.

About

Max Estates Limited is a publicly listed Indian real estate development company headquartered in Noida, Uttar Pradesh. It operates as the real estate arm of the Max Group.

Source: Wikipedia

Key Metrics

Market Capitalization
₹9,599 Cr
PE (TTM)
206.0
Industry median 29.6 (103 companies)
Price to Book
3.0
PEG (TTM)
-2.4
Institutions holding %
34.05%
FII + DII, latest filed period
Piotroski Score
2
Relative return vs Nifty50, qtr %
40.9
Relative return vs Sector, qtr %
45.7
Free Cash Flow
₹-697 Cr
as of March 31, 2026
Industry median ₹-0 Cr (171 companies)
EPS Growth (YoY)
-59.34%
as of June 30, 2026
Industry median 5.87% (157 companies)
Net Profit Growth (TTM)
-84.24%
as of June 30, 2026
Industry median 13.27% (155 companies)
Operating Revenue Growth (TTM)
51.47%
as of June 30, 2026
Industry median 2.46% (152 companies)
Profit Growth (YoY)
-58.52%
as of June 30, 2026
Industry median 4.94% (153 companies)
Revenue Growth (YoY)
37.37%
as of June 30, 2026
Industry median 7.22% (131 companies)
Current Ratio
1.79
as of March 31, 2026
Industry median 1.97 (172 companies)
Debt to Equity
0.75
as of March 31, 2026
Industry median 0.17 (167 companies)
Interest Coverage
11.25
as of June 30, 2026
Industry median 3.20 (155 companies)
Net Margin
64.39%
as of June 30, 2026
Industry median 13.11% (146 companies)
Operating Margin (EBIT)
114.26%
as of June 30, 2026
Industry median 24.31% (151 companies)
Operating Margin (TTM)
137.80%
as of June 30, 2026
Industry median 21.93% (156 companies)
Return on Assets
0.13%
as of March 31, 2026
Industry median 1.96% (156 companies)
Return on Capital Employed
1.16%
as of March 31, 2026
Industry median 6.28% (156 companies)
Return on Equity
0.50%
as of March 31, 2026
Industry median 4.78% (159 companies)

Investment checklist

Tradinity's own yes/no questions with the rule stated beside each. “Items without enough data are left out, never counted as a No, and the totals count only answered questions. A summary of numbers on this page, not advice.

Financials

2 of 7 met
  • Yes Revenue is higher than a year earlier in each of the last 4 quarters
  • Yes Quality score is Strong (70 or more)
  • No Piotroski F-score is 7 or more (score 2)
  • No Debt to equity is below 0.5 (0.75)
  • No Return on equity is 15% or more (0.5%)
  • No Net cash flow for the latest year is positive
  • No Cash from operations is higher than the year before

Ownership

3 of 4 met
  • Yes FII/FPI or DII holding rose in the latest quarter
  • No Promoter holding rose or was unchanged in the latest quarter
  • Yes Promoter pledge is 5% of their holding or less and not rising (0.0% pledged)
  • Yes Insiders have not sold in the past 3 months (no open-market sale filed in the last 3 months)

Peer comparison

2 of 3 met
  • Yes 1-year return beats the industry median
  • Yes Revenue growth beats the industry median
  • No Profit growth beats the industry median

Value and momentum

1 of 6 met
  • No Price sits in the Buy zone of its own historical PE range (Fair Value Zone)
  • No Valuation score is Undervalued (70 or more)
  • No Momentum score is Bullish (70 or more)
  • No Price is above the 5, 10 and 20 day averages
  • Yes Price is above the 50, 100 and 200 day averages
  • No Latest candle has a bullish shape (hammer, dragonfly doji, white marubozu)

Price

Download CSV

PE/EPS use each quarter's real filed EPS only from 45 days after quarter-end (no look-ahead) against the raw close of the day. Price-to-book isn't a mode here: the feed has no dated share count, so there's no real history to chart.

RSI (14) (same adjusted close series as the price chart above)

MACD (12, 26, 9) (same adjusted close series as the price chart above)

Relative Returns (vs NIFTY 50)

Prices adjusted for splits and bonuses. * = a corporate action affecting this date could not be parsed and is not reflected.

Price range

Day return
3.1%
Low 565.5000 · High 594.5000
1W return
-2.7%
Low 559.4000 · High 652.8000
1M return
14.6%
Low 485.1000 · High 652.8000
52W return
25.2%
Low 305.4500 · High 652.8000
Lifetime High ₹684.3500 (Aug. 26, 2024)
Lifetime Low ₹249.8500 (March 13, 2024)

Full price history and technicals →

EMA & SMA

Bullish6
Bearish0
5D
584.3
10D
582.9
20D
567.5
50D
521.1
100D
482.2
200D
432.6

Delivery and volume

Day avg. delivery
52.7%
Week avg. delivery
46.4%
Month avg. delivery
48.0%

Week = 5 sessions, Month = 22 sessions ending the latest trading day — the same combined NSE+BSE delivery data as the table below, just summed.

Resistance and support

582.37
Pivot
First resistance599.23
Second resistance611.37
Third resistance628.23
First support570.23
Second support553.37
Third support541.23
Day RSI61.2
Day MFI86.2
Day MACD23.95
Day MACD signal28.18

Beta

1M0.30
3M0.88
1Y1.15
3Y1.06

Price change analysis

↑ 14.6%
Over 1 Month
LowHigh
485.10652.80
↑ 38.7%
Over 3 Months
LowHigh
378.00652.80
↑ 80.6%
Over 6 Months
LowHigh
313.00652.80
↑ 25.2%
Over 1 Year
LowHigh
305.45652.80
Legend Positive indicator Neutral indicator Negative indicator

Buy/Sell Zone

View Buy/Sell Zone →
Current PE 206.0 (own history: 20.7–353.9)
Fair Value Zone
Revenue (June 30, 2026)
₹19 Cr
Net profit (June 30, 2026)
₹12 Cr
Basic EPS (June 30, 2026)
₹0.7400

Ranks #14 of 164 in Realty by market cap -- full peer table on the Financials page.

Shareholding pattern / Ownership

Shareholding summary

Jun 2026
  • Promoter45.26%
  • Mutual funds8.05%
  • FII/FPI25.85%
  • Other DII0.15%
  • Public20.69%

Largest holders

NameCategoryShares %Shares
MAX VENTURES INVESTMENT HOLDINGS(P) LTD.Promoter21.9000%35810898
SIVA FINVEST PRIVATE LIMITED (formerly known as Siva Enterprises Private Limited)Promoter20.7900%33991966
NEW YORK LIFE INTERNATIONAL HOLDINGS LTDPublic19.1300%31282950
INVESCO INDIA SMALLCAP FUNDPublic3.1100%5089147
NEELU ANALJIT SINGHPromoter2.1900%3576581

As of June 30, 2026. Only holders the filing discloses individually.

Historical promoter holding

Promoters holdings decreased from 45.27% to 45.26% in Jun 2026 qtr

Historical fii holding

FII/FPI holdings decreased from 25.88% to 25.85% in Jun 2026 qtr

Historical mutual fund holding

Mutual funds holdings increased from 7.51% to 8.05% in Jun 2026 qtr

6 mutual fund schemes also hold this stock.

All shareholding details →

Insider trading, SAST & pledges

All 14 insider trades, 0 SAST, 0 pledge events →

Latest insider trades

FiledPersonCategoryTypeQuantityValue
6 Jan 2025 Nitin Kumar Other Sell 0 ₹0
31 Oct 2024 MAX VENTURES INVESTMENT HOLDINGS PRIVATE LIMITED Promoter Buy 0 ₹0
4 Oct 2024 Manish Bhardwaj Other Sell 0 ₹0
4 Oct 2024 Manish Bhardwaj Other Buy 0 ₹0
4 Oct 2024 Manish Bhardwaj Other Sell 0 ₹0
4 Oct 2024 Manish Bhardwaj Other Buy 0 ₹0
5 Jul 2024 Rajendra Singh Other Pledge 0 ₹43.06 L
1 Jul 2024 Rishi Raj Other Buy 0 ₹0
1 Jul 2024 Rishi Raj Other Buy 0 ₹0
1 Jul 2024 Nitin Kumar Key managerial personnel Pledge 0 ₹30.87 L

All insider and SAST disclosures →

Corporate Actions

Full history (1 events) →

Bonuses, splits, buybacks and other events. Dividends are listed separately above.

Ex-dateTypeSubject
15 Dec 2023OTHERAnnual General Meeting

All corporate actions →

Quarterly results, AGMs, buybacks and other board-approved business.

DatePurposeResults
28 Aug 2026 Fund Raising —
14 Aug 2026 Financial Results Yes
22 May 2026 Financial Results Yes
6 Feb 2026 Financial Results Yes
3 Nov 2025 Financial Results Yes

Corporate Announcements

All 371 announcements, with search →

Exchange disclosures (NSE and BSE), most recent first.

DateCategoryAnnouncement
1 Oct 2026 Company Update Max Estates Ltd - 544008 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
1 Oct 2026 Press Release Max Estates Limited has informed the Exchange regarding a press release dated October 01, 2026, titled "Max Estates achieves Dual 5-Star Rating in GRESB 2026 for the second consecutive year; ranks No. 1 among GRESB-defined peer entities in Development Category".
30 Sep 2026 Insider Trading / SAST Max Estates Ltd - 544008 - Closure of Trading Window
30 Sep 2026 Trading Window Max Estates Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
24 Sep 2026 Shareholders meeting Max Estates Limited has submitted the Exchange a copy Srutinizers report of Extraordinary General Meeting held on September 24, 2026. Further, the company has informed the Exchange regarding voting results.
24 Sep 2026 Shareholders meeting Max Estates Limited has informed the Exchange regarding Proceedings of Extraordinary General Meeting held on September 24, 2026
24 Sep 2026 Analysts/Institutional Investor Meet/Con. Call Updates Max Estates Limited has informed the Exchange about Schedule of meet
23 Sep 2026 Press Release Max Estates Limited has informed the Exchange regarding a press release dated September 23, 2026, titled "Max Estates enters into a Binding Memorandum of Understanding for a proposed Joint Development Agreement for approx. 9.76-Acre Land Parcel in Ghaziabad, to unlock approx. INR 2,500-3,000 Crore GDV Opportunity".
11 Sep 2026 Company Update Max Estates Ltd - 544008 - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
11 Sep 2026 Updates Max Estates Limited has informed the Exchange regarding 'Allotment of 14,931 equity shares under the Max Estates Employee Stock Option Plan 2023'.

All announcements →

SWOT

Tradinity's own rule-based read of the real ratios elsewhere on this page -- not a copy of any third party's, and never a forward-looking prediction.

Strengths

  • Strong net profit margin (64.4%)
  • Comfortable interest coverage (11.2x)
  • Healthy liquidity (Current Ratio 1.79)
  • Strong revenue growth YoY (37.4%)

Weaknesses

  • Low Return on Equity (0.5%)
  • Declining profit YoY (-58.5%)

Opportunities

Data unavailable.

Threats

  • PE above 35 (206.0) -- priced for continued strong execution

Data unavailable (no single-stock futures or options activity on record for this company).

Frequently asked questions about Max Estates Limited

Where is the share price?

The price at the top of this page is the last traded price from exchange data; during market hours it refreshes on its own. The Chart & Technicals section has the full price history.

Where are the financial results?

The Financials page has quarterly and annual results, ratios, cash flow and the balance sheet, on a standalone or consolidated basis.

Who owns the company?

The Ownership section shows the latest shareholding pattern from exchange filings, with promoter, FII, DII and public holdings by quarter.

Does Tradinity give buy or sell advice?

No. The scores and checklist on this page are rule-based summaries of published figures, not recommendations. Tradinity is not a registered investment adviser.