Flash Finance

Max Estates LimitedMAXESTATESCorporate

Construction Latest results: Jun 2026 14 quarters of data
Consolidated Standalone
₹525.60
MCap ₹8,598 Cr · P/E 185.0
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🏭 Infrastructure sector
AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.
₹19 Cr
Sales · Jun 2026
+37.4% YoY
₹-4 Cr
Operating Profit · Jun 2026
-188.2% YoY
-21.5%
OPM % · Jun 2026
-108.7% YoY
₹12 Cr
Net Profit · Jun 2026
-58.5% YoY
₹0.74
EPS · Jun 2026
-59.3% YoY

📝 Max Estates Limited — results explained

Quarter ended June 2026 (Q1 FY27)

Max Estates Limited reported revenue of ₹19 crore for the quarter ended June 2026 (Q1 FY27), up 37.4% from ₹14 crore in the same quarter last year, and up 32.6% sequentially over the March 2026 quarter.

Net profit fell 58.5% year-on-year to ₹12 crore, from ₹29 crore. Earnings per share (EPS) came in at ₹0.74.

Operating profit stood at ₹-4 crore — an operating margin (OPM) of -21.5%, compared with -10.3% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Max Estates Limited posted revenue of ₹55 crore, a growth of 35.0% over FY25, with a net profit of ₹64 crore (down 77.4% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹61 crore with a net profit of ₹46 crore.

Valuation snapshot

At the current price of ₹525.60, MAXESTATES has a market capitalisation of ₹8,598 crore and a trailing P/E of about 185.0.

Within the Construction industry, it is the 6th-largest of the 137 companies we track by market value.

Shareholding pattern

As of Sep 2026, promoters held 45.23%, foreign institutional investors (FIIs) 26.34%, domestic institutional investors (DIIs) 8.74%, public shareholders 19.69% of Max Estates Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close
Valuation
Market Cap ?
₹8,598 Cr
Current Price ?
₹525.6
P/E ?
185.00above ind
Industry P/E ?
16.40
P/B ?
3.37
P/S ?
141.89
P/FCF ?
-40.56
Enterprise Value ?
₹8,814 Cr
EV/EBITDA ?
-435.08
PEG ?
5.97
Earnings Yield ?
-0.3%
Dividend Yield ?
0.00%
Profitability & Returns
Sales (TTM) ?
₹61 Cr
OPM ?
-33.4%
Profit after tax (TTM) ?
₹46 Cr
EPS (TTM) ?
₹2.84
ROCE ?
4.0%
ROE ?
1.8%
ROA ?
1.7%
Growth
Sales — latest qtr ?
₹19 Cr
PAT — latest qtr ?
₹12 Cr
YoY qtr sales growth ?
37.4%
YoY qtr profit growth ?
-58.5%
Sales growth (3y) ?
4%
Sales growth (5y) ?
24%
Profit growth (3y) ?
31%
Profit growth (5y) ?
48%
Financial Health
Debt ?
₹216 Cr
Debt to Equity ?
0.08
Interest Coverage ?
-4.1
Current Ratio ?
N/A
Ownership
Promoter holding ?
45.23%
Change in promoter holding ?
-0.01%
Pledged percentage ?
N/A
Market
Return 3 months ?
28.3%
Return 6 months ?
35.3%

🗓️ Quarterly results (14 quarters · ₹ Cr)

same fiscal quarter as Jun bestweakest per row · for costs (interest, NPAs) low is best
Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026 YoY % QoQ %
Sales 16710661578111414131419 +37.4% +32.6%
Operating Profit 5-21-3-62-3-6-4-1-5-4-7-4 -188.2% +41.6%
Other Income 20121210141429231294427292727 -37.1% +0.2%
Interest 33344521111123 +107.4% +57.0%
Depreciation 11112222222222 +0.0% -1.8%
Profit Before Tax 205823928522233919221719 -52.2% +11.4%
Net Profit 221162472421715291215812 -58.5% +52.4%
EPS ——0.380.150.280.5016.161.170.981.820.720.920.490.74 -59.3% +51.0%
OPM % 33.3% -25.3% 5.4% -57.8% -96.1% 14.1% -41.9% -78.4% -35.3% -10.3% -35.3% -31.9% -48.8% -21.5% -108.7% +55.9%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹41 Cr ₹55 Cr ₹61 Cr +35.0%
Operating Profit ₹-11 Cr ₹-18 Cr ₹-20 Cr -58.1%
OPM % -27.10% -31.75% -33.43% -17.2%
NPM % 683.48% 114.65% 76.70% -83.2%
Other Income ₹366 Cr ₹127 Cr ₹111 Cr -65.4%
Depreciation ₹7 Cr ₹7 Cr ₹7 Cr -1.0%
Interest ₹9 Cr ₹6 Cr ₹7 Cr -33.2%
EBIT ₹-18 Cr ₹-24 Cr ₹-27 Cr -35.4%
PBT ₹339 Cr ₹96 Cr ₹76 Cr -71.6%
Tax ₹58 Cr ₹24 Cr ₹21 Cr -58.6%
Net Profit ₹281 Cr ₹64 Cr ₹46 Cr -77.4%
EPS ₹18.81 ₹3.95 ₹2.87 -79.0%
Material Cost — — — —
Employee Cost ₹22 Cr ₹25 Cr ₹29 Cr +12.7%
Extraordinary Items — — — —

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 0.00147161163 +1.2%
Reserves 1,2341,1122,2002,390 +8.6%
Borrowings 20520852216 +315.4%
Other Liabilities 32627742 -45.5%
Total Liabilities 1,4711,5292,4902,811 +12.9%
Fixed Assets 93901615 -6.2%
CWIP 0000 —
Investments 1,1091,1511,4902,076 +39.3%
Other Assets 269288984720 -26.8%
Total Assets 1,4711,5292,4902,811 +12.9%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity -20-36-49-208 -324.5%
Cash from Investing Activity -10460-606-62 +89.8%
Cash from Financing Activity 125-24654269 -58.9%
Net Cash Flow 1-0-1-0 +100.0%
Free Cash Flow -23-3875-212 -382.7%
CFO/OP 1,489%314%60%1,040% +1633.3%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 2913718746 -75.4%
Inventory Days 62——— —
Days Payable 313——— —
Cash Conversion Cycle -22113718746 -75.4%
Working Capital Days 7771,5925,1282,233 -56.5%
ROCE % 3%2%3%4% +33.3%

👥 Shareholding (latest 6 periods)

Metric Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026 % Chg
Promoters 45.24%45.23%44.90%45.27%45.26%45.23% -0.1%
FIIs 27.13%26.60%25.67%25.88%25.85%26.34% +1.9%
DIIs 6.27%6.80%7.78%7.65%8.20%8.74% +6.6%
Public 21.36%21.37%21.65%21.19%20.70%19.69% -4.9%
No. of Shareholders 31,05832,11331,33630,72029,72228,906 -2.7%

⚖️ Peer comparison

Industry: Construction · top 25 of 137 companies · full page →
# Company CMP MCap (Cr) P/E Sales TTM NP TTM OPM% NPM% Sales YoY% NP YoY% Qtr Rev Δ% Qtr NP Δ%
1 EMBASSY Embassy Office ₹369.92 35,064 92.7 4,763 378 76.6% 7.9% 13.4% -79.2% 17.1% 25.9%
2 MINDSPACE MINDSPACE.NS 0P0001KHWX ₹345.06 22,843 28.7 3,241 800 80.1% 24.7% 16.4% 35.2% 27.9% 62.8%
3 NXST NXST.NS 0P0001QYGB ₹148.24 22,458 55.7 2,568 404 67.3% 15.7% 12.4% -16.5% 12.3% -89.5%
4 BIRET BIRET.NS 0P0001LR17 ₹263.49 21,867 42.0 3,295 626 71.8% 19.0% 24.2% 217.9% 51.7% 67.7%
5 WELENT Welspun Enterprises ₹789.00 10,700 35.5 3,544 348 20.2% 9.8% 0.9% 11.1% -8.4% -44.2%
6 MAXESTATES Max Estates ₹611.30 10,000 n/m 200 12 9.0% 6.1% -97.5% -98.9% 0.8% -30.0%
7 AFCONS Afcons Infrastructure ₹253.60 9,327 65.0 11,249 143 9.2% 1.3% -4.8% -48.6% -20.8% -77.9%
8 IRBINVIT IRB InvIT ₹66.38 8,507 25.1 1,546 340 80.0% 22.0% 13.4% -23.1% 87.2% 3.2%
9 GRINFRA G R ₹850.40 8,229 8.1 9,194 1,017 18.4% 11.1% 15.7% -1.6% 40.0% 46.6%
10 NCC NCC ₹130.76 8,210 12.7 20,639 682 8.8% 3.3% -9.9% -24.3% 12.2% 11.9%
11 RAYMOND Raymond ₹1,219.50 8,116 187.4 2,293 64 11.1% 2.8% -62.5% -30.2% 446.4% -99.4%
12 MAHLIFE Mahindra Lifespace ₹360.05 7,690 31.5 1,179 80 -10.3% 6.8% 216.9% 535.9% 7344.4% 5.7%
13 NESCO Nesco ₹1,056.00 7,441 17.9 951 417 50.7% 43.8% 27.4% 9.9% 9.7% 4.0%
14 CEIGALL Ceigall India ₹386.80 6,738 20.9 4,155 321 14.9% 7.7% 17.0% 7.7% 15.7% 24.2%
15 DBL Dilip Buildcon ₹406.20 6,599 5.0 8,742 1,255 19.2% 14.4% -20.4% 66.5% -9.2% -52.8%
16 KPIGREEN KPI Green ₹314.95 6,226 13.6 2,787 492 35.8% 17.7% 55.3% 56.5% 13.0% -15.0%
17 HCC Hindustan Construction ₹21.66 5,674 23.3 3,871 244 12.7% 6.3% -29.2% -7.2% -9.0% 0.7%
18 DBREALTY Valor Estate ₹95.20 5,164 n/m 864 12 9.0% 1.4% 61.7% 122.7% -86.8% -109.7%
19 MANINFRA Man Infraconstruction ₹124.44 4,951 21.1 666 216 24.1% 32.4% -43.1% -32.5% 19.3% 8.2%
20 PURVA Puravankara ₹202.61 4,805 27.9 4,064 150 20.0% 3.7% 85.7% 130.6% 62.0% 136.6%
21 RUSTOMJEE Keystone Realtors ₹356.90 4,508 33.8 2,832 131 6.7% 4.6% 31.5% -49.4% 72.2% 220.7%
22 AHLUCONT Ahluwalia Contracts ₹601.50 4,029 17.9 4,686 225 8.5% 4.8% 11.4% 32.3% 12.0% -79.7%
23 SUNTECK Sunteck Realty ₹269.60 3,959 18.6 1,127 211 28.7% 18.7% 31.7% 34.4% 1.7% 25.5%
24 KOLTEPATIL Kolte - ₹428.30 3,798 30.5 1,573 125 9.8% 8.0% -53.4% -147.2% 1017.0% 970.9%
25 ASHIANA Ashiana Housing ₹376.25 3,782 31.8 958 119 13.0% 12.4% 116.3% 548.9% -63.3% 0.8%
❓ Frequently asked questions
What was Max Estates Limited's revenue in Q1 FY27?
Max Estates Limited reported revenue of ₹19 crore for the quarter ended June 2026 (Q1 FY27), up 37.4% from ₹14 crore in the same quarter last year, and up 32.6% sequentially over the March 2026 quarter.
What was Max Estates Limited's net profit in Q1 FY27?
Net profit fell 58.5% year-on-year to ₹12 crore, from ₹29 crore. Earnings per share (EPS) came in at ₹0.74.
What is MAXESTATES's market capitalisation and P/E ratio?
At the current price of ₹525.60, MAXESTATES has a market capitalisation of ₹8,598 crore and a trailing P/E of about 185.0.
Who owns Max Estates Limited? (shareholding pattern)
As of Sep 2026, promoters held 45.23%, foreign institutional investors (FIIs) 26.34%, domestic institutional investors (DIIs) 8.74%, public shareholders 19.69% of Max Estates Limited.
TTM ends 2026-06-30. Amounts are ₹ crore unless stated otherwise. Figures are extracted by AI from public quarterly filings; gaps are filled from public market data. Live price refreshed about twice a day from exchange data. Educational information only — not financial advice.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI