Debut Plus

₹418.65

▼ -8.89 -2.08%

17 Jul 2026

NSE Listed

Max Estates Limited (MAXESTATES)

Volume: 50,900Avg Vol 1W: 3,92,480.6Avg Vol 1M: 2,60,241.452W Range:₹305.45₹564.3
NSE BSE www.maxestates.in
Key Ratios
Checked 20h ago
Market Cap₹6,990 Cr
Current Price₹418.65
Previous Close₹427.54
High / Low (52w)₹564.3 / ₹305.45
Volume50,900
Avg Vol (1W)3,92,480.6
Avg Vol (1M)2,60,241.4
Stock P/E153.89
Book Value₹148.05
Dividend Yield0%
ROE0.5%
ROA0.1%
Revenue (TTM)₹250 Cr
Revenue Growth72.7%
Profit Margin6.3%
Total Debt₹1,239 Cr
Shares Outstanding16 Cr
Face Value₹10
EPS (TTM)₹-0.26
P/B2.89
Debt / Equity1
50 DMA₹436.26
200 DMA₹426.39
Day change-2.08%
Price Chart
₹418.65▼ 18.32% · 1Y
₹552₹30910.4L
2025-07-16
2026-07-15

20-day avg volume: 2.6L shares

Pros
  • Company is almost debt-free.
Cons
  • Revenue fell 54% YoY.
  • Company is loss-making at the latest annual result.
  • Stock trades at a high P/E of 154.
Quarterly Results
MetricJun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Revenue₹40 Cr₹40 Cr₹40 Cr₹40 Cr₹51 Cr₹49 Cr₹50 Cr₹49 Cr
EBITDA₹14 Cr₹13 Cr₹35 Cr₹38 Cr₹34 Cr₹28 Cr₹17 Cr₹10 Cr
Net Profit₹2 Cr₹2 Cr₹20 Cr₹17 Cr₹11 Cr₹7 Cr₹-1 Cr₹-5 Cr
EPS————————
Profit & Loss (Annual)
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Revenue₹14 Cr₹29 Cr₹74 Cr₹131 Cr₹120 Cr₹250 Cr
EBITDA₹-5 Cr₹-1 Cr₹25 Cr₹41 Cr₹20 Cr₹99 Cr
Net Profit₹-12 Cr₹-12 Cr₹5 Cr₹19 Cr₹-42 Cr₹41 Cr
EPS-1.79-0.270.641.26-3.751.7
Balance Sheet
MetricMar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Assets₹643 Cr₹689 Cr₹1,025 Cr₹2,227 Cr₹3,101 Cr₹7,246 Cr
Total Liabilities₹234 Cr₹89 Cr₹382 Cr₹973 Cr₹1,651 Cr₹4,585 Cr
Equity₹409 Cr₹599 Cr₹643 Cr₹1,254 Cr₹1,451 Cr₹2,661 Cr
Total Debt₹15 Cr₹38 Cr————
Cash Flow
MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Operating₹7 Cr₹45 Cr₹-424 Cr₹277 Cr₹297 Cr
Investing₹-49 Cr₹-121 Cr₹-52 Cr₹-292 Cr₹-1,993 Cr
Financing₹45 Cr₹78 Cr₹521 Cr₹234 Cr₹1,766 Cr
Free Cash Flow₹7 Cr₹45 Cr₹-424 Cr₹277 Cr₹297 Cr
Shareholding
Promoter 45.27% Institutions 33.53% Public 21.2%
Efficiency & Working Capital
ROCE1.3%
Interest Coverage1.4
Dividend Payout—
Debtor Days33 d
Inventory Days5197 d
Payable Days1031 d
Cash Conversion Cycle4199 d
Working Capital Days5230 d
Shareholding Details

As of 2026-03-31

Promoter45.3%
FII25.9%
DII7.6%
Institutions33.5%
Public21.2%
Promoter Pledge0%
No. of Shareholders30,720
Shareholding Pattern

Quarterly — figures in %. Latest 11 quarters.

PeriodOct 2023Oct 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026
Promoters49.5%49.5%49.5%49.4%45.3%45.3%45.3%45.2%45.2%44.9%45.3%
FIIs8.9%30.1%27.6%27.5%27.5%27.8%27.4%27.1%26.6%25.7%25.9%
DIIs0%0%0.3%0%5.8%5.8%6.3%6.3%6.8%7.8%7.6%
Public41.6%20.4%22.6%23%21.4%21.2%21%21.4%21.4%21.6%21.2%
Promoter Pledge0%0%0%0%0%0%0%0%0%0%0%
No. of Shareholders24,91724,91725,07326,30528,17228,37830,07931,05832,11331,33630,720
Returns History (ROE / ROCE / ROA)
PeriodROEROCEROAP/E
202503————
Major Shareholders (>1%)
NameCategoryStakeShares
Max Ventures Investment Holdings (p) Ltd.Shareholding of Promoter and Promoter Group21.9%3.58 Cr
Siva Finvest Private Limited (formerly Known As Siva Enterprises Private Limited)Shareholding of Promoter and Promoter Group20.8%3.40 Cr
New York Life International Holdings LtdPublic Shareholding19.1%3.13 Cr
Invesco India Business Cycle FundPublic Shareholding2.9%47,62,650
Neelu Analjit SinghShareholding of Promoter and Promoter Group2.2%35,76,581
Nippon Life India Trustee Ltd-a/c Nippon India Multi Asset Allocation FundPublic Shareholding1.9%30,30,328
India Insight Value FundPublic Shareholding1.7%27,30,000
Atul Behari LallPublic Shareholding1.6%25,77,384
Kotak Small Cap FundPublic Shareholding1.5%23,99,139
Habrok India Master LpPublic Shareholding1.4%22,46,070
New York Life Insurance CompanyPublic Shareholding1.3%20,77,260
Bandhan Nifty Total Market Index FundPublic Shareholding1.3%20,80,325
Sunil VachaniPublic Shareholding1%17,05,075
Analjit SinghShareholding of Promoter and Promoter Group0.3%4,42,401
Ravi VachaniShareholding of Promoter and Promoter Group0%73,477
Piya SinghShareholding of Promoter and Promoter Group0%52,407
Tara Singh VachaniShareholding of Promoter and Promoter Group0%47,501
Veer SinghShareholding of Promoter and Promoter Group0%0
Sahil VachaniShareholding of Promoter and Promoter Group0%0
Veda VachaniShareholding of Promoter and Promoter Group0%0
Avya VachaniShareholding of Promoter and Promoter Group0%0
Tina VachaniShareholding of Promoter and Promoter Group0%0
Analjit Singh HufShareholding of Promoter and Promoter Group0%0
Abk Consultants Private LimitedShareholding of Promoter and Promoter Group0%0
Anchor Management Services Private LimitedShareholding of Promoter and Promoter Group0%0
Promoter Pledges
HolderPledged Shares% of HoldingAs of
Ravi Vachani00%2026-03-31
Neelu Analjit Singh00%2026-03-31
Analjit Singh00%2026-03-31
Piya Singh00%2026-03-31
Tara Singh Vachani00%2026-03-31
Veer Singh00%2026-03-31
Sahil Vachani00%2026-03-31
Veda Vachani00%2026-03-31
Avya Vachani00%2026-03-31
Tina Vachani00%2026-03-31
Analjit Singh Huf00%2026-03-31
Max Ventures Investment Holdings (p) Ltd.00%2026-03-31
Board of Directors
NameDesignationYear
Analjit SinghChairman & Non Executive Dir.2025
Sahil VachaniVice Chairman, MD, CEO & CFO2025
Anthony R. MalloyNon Executive Director2025
Jilian L Moo YoungNon Executive Director / Alternate Director2025
Atul B LallNon Executive Director2025
D K MittalIndependent Non Exe. Director2025
Niten MalhanIndependent Non Exe. Director2025
Gauri PadmanabhanIndependent Non Exe. Director2025
Malini ThadaniIndependent Non Exe. Director2025
IRA GUPTAIndependent Non Exe. Director2025
Segments — Product
SegmentRevenueShare
Real estate development₹0 Cr—
Capital Structure (₹ Cr)
YearFace ValueAuthorisedIssuedPaid-up
2025₹10228161161
Related-Party Transactions (₹ Cr)
YearSubsidiariesAssociatesJVKMPOthersTotal
20252,95500133203,288
20252,8800003053,185
2025900131536
Insider / Designated-Person Trades

13 recent disclosure(s)

Nitin KumarDisposal · 7,000
Manish BhardwajDisposal · 5,000
Manish BhardwajAcquisition · 2,517
Manish BhardwajAcquisition · 7,800
Manish BhardwajDisposal · 500
Rajendra SinghPledge · 9,000
Company Information
Incorporated2016
ChairmanAnaljit Singh
AuditorS R Batliboi & Co LLP
Investor Email[email protected]
🌐 www.maxestates.in ↗

📍 Bhai Mohan Singh Nagarrailmajr, Nawanshahar, Punjab, 144533

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