₹12.5
■ +0 +0.00%
17 Jul 2026
BSE Listed
Max Heights Infrastucture (534338)
Volume: 2Avg Vol 1W: 1,959Avg Vol 1M: 1,65752W Range:₹10.11₹16.83
Key Ratios
Checked just nowMarket Cap₹20 Cr
Current Price₹12.5
Previous Close₹12.5
High / Low (52w)₹16.83 / ₹10.11
Volume2
Avg Vol (1W)1,959
Avg Vol (1M)1,657
Stock P/E56.82
Book Value₹18.91
Dividend Yield0%
ROE104.37%
ROA30.71%
Revenue (TTM)—
Revenue Growth—
Profit Margin138.33%
Total Debt—
Shares Outstanding2 Cr
Face Value—
EPS (TTM)₹0.22
P/B0.66
Debt / Equity2.64
50 DMA₹12.83
200 DMA₹12.89
Day change+0.00%
Price Chart
₹12.5▼ 0.32% · 1Y
2025-07-172026-07-16
20-day avg volume: 2K shares
Pros
- Healthy return on equity of 104.4%.
- Company is almost debt-free.
- Revenue grew 220% YoY.
- Stock trades below its book value.
Cons
- Stock trades at a high P/E of 57.
Quarterly Results
| Metric | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1 Cr | ₹2 Cr | ₹2 Cr | ₹1 Cr | ₹3 Cr | ₹4 Cr | ₹10 Cr | ₹1 Cr |
| EBITDA | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹-1 Cr | ₹1 Cr | ₹0 Cr |
| Net Profit | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹-1 Cr | ₹1 Cr | ₹0 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹42 Cr | ₹60 Cr | ₹46 Cr | ₹44 Cr | ₹13 Cr | ₹6 Cr | ₹7 Cr | ₹23 Cr |
| EBITDA | ₹3 Cr | ₹7 Cr | ₹7 Cr | ₹5 Cr | ₹5 Cr | ₹2 Cr | ₹2 Cr | ₹1 Cr |
| Net Profit | ₹1 Cr | ₹1 Cr | ₹2 Cr | ₹1 Cr | ₹1 Cr | ₹0 Cr | ₹-1 Cr | ₹0 Cr |
| EPS | 0.66 | 0.72 | 1.1 | 0.91 | 0.59 | -0.07 | -0.57 | 0.24 |
Balance Sheet
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹324 Cr | ₹334 Cr | ₹326 Cr | ₹295 Cr | ₹148 Cr | ₹144 Cr | ₹149 Cr | ₹137 Cr |
| Total Liabilities | ₹292 Cr | ₹300 Cr | ₹291 Cr | ₹258 Cr | ₹116 Cr | ₹115 Cr | ₹122 Cr | ₹107 Cr |
| Equity | ₹32 Cr | ₹34 Cr | ₹35 Cr | ₹37 Cr | ₹32 Cr | ₹28 Cr | ₹27 Cr | ₹30 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating | ₹-12 Cr | ₹-13 Cr | ₹-8 Cr | ₹9 Cr | ₹-2 Cr | ₹0 Cr | ₹1 Cr | ₹11 Cr |
| Investing | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹4 Cr | ₹3 Cr | ₹-1 Cr | ₹3 Cr |
| Financing | ₹8 Cr | ₹15 Cr | ₹3 Cr | ₹-8 Cr | ₹1 Cr | ₹-4 Cr | ₹3 Cr | ₹-15 Cr |
| Free Cash Flow | ₹-12 Cr | ₹-13 Cr | ₹-8 Cr | ₹9 Cr | ₹-2 Cr | ₹0 Cr | ₹1 Cr | ₹11 Cr |
Shareholding
Promoter 54.25% Institutions 0% Public 45.75%
Efficiency & Working Capital
ROCE0.9%
Interest Coverage2.4
Dividend Payout—
Debtor Days4 d
Inventory Days1988 d
Payable Days434 d
Cash Conversion Cycle1558 d
Working Capital Days1992 d
Shareholding Details
As of 2026-06-30
Promoter54.3%
FII0%
DII0%
Institutions0%
Public45.7%
Promoter Pledge0%
No. of Shareholders1,913
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 52.8% | 52.8% | 52.8% | 52.8% | 52.8% | 52.8% | 52.8% | 52.8% | 52.8% | 52.8% | 54.1% | 54.3% |
| FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 47.2% | 47.2% | 47.2% | 47.2% | 47.2% | 47.2% | 47.2% | 47.2% | 47.2% | 47.2% | 45.9% | 45.7% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 1,507 | 1,577 | 1,306 | 1,314 | 1,376 | 1,532 | 1,572 | 1,643 | 1,763 | 1,878 | 1,888 | 1,913 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Mansi Narang | Shareholding of Promoter and Promoter Group | 17.8% | 27,84,396 |
| Satish Chander Narang | Shareholding of Promoter and Promoter Group | 11.1% | 17,36,251 |
| Naveen Narang | Shareholding of Promoter and Promoter Group | 9.4% | 14,63,894 |
| Sumitra Narang | Shareholding of Promoter and Promoter Group | 9% | 14,05,964 |
| Ranjitgarh Finance Company Private Limited | Public Shareholding | 5.6% | 8,73,100 |
| Pitampura Leasing And Housing Finance Limited | Shareholding of Promoter and Promoter Group | 4.1% | 6,46,498 |
| J.k. Latelier Limited | Public Shareholding | 2.5% | 3,92,800 |
| Purbanchal Trade And Industries Limited | Public Shareholding | 2.5% | 3,85,142 |
| Pradeep Narendra Vyas | Public Shareholding | 2.4% | 3,66,575 |
| Nau Nidh Finance Limited | Public Shareholding | 1.9% | 3,00,000 |
| Narang Intermediaries Private Limited | Shareholding of Promoter and Promoter Group | 1.5% | 2,32,173 |
| Rajratan Madanlal Kothari | Public Shareholding | 1.1% | 1,77,750 |
| Gaurav Narang | Public Shareholding | 1.1% | 1,77,500 |
| S C Narang And Sons Huf | Shareholding of Promoter and Promoter Group | 0.5% | 76,500 |
| Supriya Narang | Shareholding of Promoter and Promoter Group | 0.4% | 60,000 |
| Parveen Kumar Narang | Shareholding of Promoter and Promoter Group | 0.4% | 60,000 |
| Naveen Narang Huf | Shareholding of Promoter and Promoter Group | 0% | 3,000 |
| Manan Narang | Shareholding of Promoter and Promoter Group | 0% | 0 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Mansi Narang | 0 | 0% | 2026-06-30 |
| Satish Chander Narang | 0 | 0% | 2026-06-30 |
| Naveen Narang | 0 | 0% | 2026-06-30 |
| Sumitra Narang | 0 | 0% | 2026-06-30 |
| S C Narang And Sons Huf | 0 | 0% | 2026-06-30 |
| Supriya Narang | 0 | 0% | 2026-06-30 |
| Parveen Kumar Narang | 0 | 0% | 2026-06-30 |
| Naveen Narang Huf | 0 | 0% | 2026-06-30 |
| Manan Narang | 0 | 0% | 2026-06-30 |
| Pitampura Leasing And Housing Finance Limited | 0 | 0% | 2026-06-30 |
| Narang Intermediaries Private Limited | 0 | 0% | 2026-06-30 |
| Pradeep Narendra Vyas | 0 | 0% | 2026-06-30 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Naveen Narang | ED / MD / CFO / Promoter | 2025 |
| Mansi Narang | Non-Exec & Non-Independent Dir | 2025 |
| Gourav | Independent Non Exe. Director | 2025 |
| Mandavi | Independent Non Exe. Director | 2025 |
| Sonali Mathur | Company Sec. & Compli. Officer | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Real Estate Activities | ₹4 Cr | 76.8% |
| Finance | ₹1 Cr | 15.7% |
| Stock & Shares | ₹0 Cr | 7.4% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2025 | ₹10 | 17 | 16 | 16 |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 0 | 0 | 0 | 0 | 1 | 1 |
| 2025 | 0 | 0 | 0 | 0 | 1 | 1 |
| 2025 | 0 | 0 | 0 | 0 | 0 | 1 |
Substantial Acquisitions (SAST)
13 disclosure(s)
Market11/06/2026 · 13,055
Market10/06/2026 · 1,536
Market25/02/2026 · 51,451
Market24/02/2026 · 40,059
Off Market27/03/2025 · 24,00,000
Off Market27/03/2025 · 24,00,000
Company Information
Incorporated1981
AuditorChitranjan Agarwal & Associates
Investor Email[email protected], [email protected]
📍 SD-65 Tower Apartment, Pitampura, New Delhi, Delhi, 110034
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