Max Estates Limited (MAXESTATES) AI Stock Analysis

• Market Cap: ₹76.86B
• Dividend Yield: N/A
• Average Volume (3M): 6.75K
• Price to Earnings (P/E): 147.5
• Beta (1Y): 1.44
• Revenue Growth: 95.20%
• EPS Growth: N/A
• Country: IN
• Employees: 140
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): 0.70
• Shares Outstanding: 161,046,450
• 10 Day Avg. Volume: 5,282
• 30 Day Avg. Volume: 6,751
• PEG Ratio: -1.34
• Price to Book (P/B): 4.10
• Price to Sales (P/S): 37.39
• P/FCF Ratio: -20.65
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹476.00
• Price Target Upside: 3.34% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 55 Neutral
• Price Target: ₹476.00 ▲(3.34% Upside)

Max Estates Limited's overall score is driven by strong financial performance, particularly in revenue growth and profitability. However, operational volatility and negative free cash flow are concerns. Technical indicators suggest neutral momentum, while a high P/E ratio indicates potential overvaluation. The absence of earnings call and corporate events data limits further insights.

Max Estates Limited Business Overview & Revenue Model

Company Description

Max Estates Limited construction and develops residential and commercial properties. It also offers investment, facility management, managed office, and shared services. In addition, it leases office spaces. The company was incorporated in 2016 and is based in Noida, India.

How the Company Makes Money

Max Estates Limited generates revenue through the sale and lease of its developed real estate properties. The company earns income by selling commercial and residential units directly to customers and investors. Additionally, MAXESTATES generates recurring revenue by leasing office spaces and other properties, securing long-term rental agreements with businesses and individuals. Strategic partnerships and joint ventures with other real estate developers and investors also contribute to the company's revenue by expanding its project portfolio and market reach. The company's focus on sustainability and modern design often allows it to command premium pricing for its projects, further enhancing its revenue potential.

Max Estates Limited Financial Statement Overview

Summary

Max Estates Limited shows strong revenue growth and profitability improvements, with a robust gross profit margin. However, operational volatility and negative free cash flow pose challenges. The balance sheet is balanced but high liabilities suggest caution.

Income Statement

Max Estates Limited showed strong revenue growth with a significant increase in total revenue from the previous year. Gross profit margin remains robust at 98.18%, indicating efficient cost management. The company also turned profitable, with a positive net profit margin of 16.34%, a substantial improvement over the previous year's losses. However, fluctuations in EBIT and EBITDA margins suggest some underlying volatility in operational efficiency.

Balance Sheet

The company maintains a moderate debt-to-equity ratio of 0.73, which indicates a balanced capital structure. The equity ratio stands at 31.45%, showing a reasonable level of financial stability. Return on Equity improved to 1.79%, highlighting increasing shareholder value. However, high total liabilities compared to total assets indicate potential solvency risks.

Cash Flow

Operating cash flow remained positive, but free cash flow was negative, pointing to significant capital expenditures. The operating cash flow to net income ratio of 5.51 signifies a strong cash conversion, but negative free cash flow growth poses concerns for future liquidity and investment capacity.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	2.53B	2.50B	929.44M	1.07B	734.82M	664.30M
Gross Profit	2.47B	2.45B	492.83M	797.28M	532.30M	358.26M
EBITDA	1.53B	1.34B	182.72M	543.08M	347.90M	10.08M
Net Income	506.86M	408.10M	-421.63M	190.15M	49.99M	-940.34M
Balance Sheet
Total Assets	0.00	72.46B	31.01B	22.27B	10.25B	18.95B
Cash, Cash Equivalents and Short-Term Investments	16.65B	16.65B	3.50B	1.47B	611.29M	893.82M
Total Debt	0.00	16.56B	9.62B	8.62B	3.15B	5.43B
Total Liabilities	-26.61B	45.85B	16.51B	9.73B	3.82B	894.01M
Stockholders Equity	26.61B	22.78B	11.71B	12.11B	6.09B	18.95B
Cash Flow
Free Cash Flow	989.91M	-4.52B	-1.02B	-10.09B	-1.09B	-346.03M
Operating Cash Flow	1.43B	2.25B	2.18B	-4.87B	195.68M	922.19M
Investing Cash Flow	-10.71B	-19.93B	-1.45B	-521.44M	-1.21B	-485.86M
Financing Cash Flow	11.22B	17.66B	1.40B	5.21B	779.83M	-457.60M

Max Estates Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 460.60
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MAXESTATES, the sentiment is Negative. The current price of 460.6 is below the 20-day moving average (MA) of 464.91, above the 50-day MA of 459.61, and below the 200-day MA of 474.26, indicating a neutral trend. The MACD of 3.51 indicates Negative momentum. The RSI at 47.75 is Neutral, neither overbought nor oversold. The STOCH value of 39.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MAXESTATES.

Max Estates Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GANESHHOUC	72 Outperform	₹70.82B	12.27	―	0.60%	7.27%	39.71%
SUNTECK	69 Neutral	₹64.69B	40.19	―	0.35%	-8.97%	61.83%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
RUSTOMJEE	58 Neutral	₹77.35B	48.12	―	0.24%	-21.81%	61.60%
MAXESTATES	55 Neutral	₹76.86B	147.52	―	―	95.20%	―
MAHLIFE	47 Neutral	₹76.51B	67.97	―	0.78%	-28.49%	-22.69%
PURVA	47 Neutral	₹62.95B	80.66	―	2.19%	-24.76%	-449.05%

Max Estates Limited Corporate Events

Max Estates Limited Announces Virtual AGM and Releases FY2025 Annual Report

Max Estates Limited has announced its 9th Annual General Meeting (AGM) scheduled for September 18, 2025, to be held via video conference in compliance with regulatory guidelines. The company has distributed its Integrated Annual Report for FY2025 and AGM notice electronically to registered members, with provisions for electronic voting on resolutions, reflecting its commitment to digital engagement and regulatory compliance.

Max Estates Releases FY2025 Annual Report and AGM Details

Max Estates Limited has announced the release of its Integrated Annual Report for FY2025 and details regarding its 9th Annual General Meeting (AGM) scheduled for September 18, 2025. The AGM will be conducted via video conference, and shareholders have been provided with electronic voting options. The company has ensured that all relevant documents are accessible online, reflecting its commitment to transparency and stakeholder engagement.

Max Estates Ensures Access to Annual Report for All Shareholders

Max Estates Limited has dispatched letters to shareholders whose email addresses are not registered with the company or its Registrar and Transfer Agent. The communication provides a link to access the company’s Integrated Annual Report for the financial year 2024-25. This initiative ensures that all shareholders, regardless of their email registration status, have access to the company’s financial disclosures and AGM details, thereby promoting transparency and engagement with stakeholders.

Max Estates to Engage Investors in Singapore Roadshow

Max Estates Limited has announced its participation in a Non-Deal Roadshow in Singapore on August 25th and 26th, 2025, where company officials will meet with investors. The meetings will be based on publicly available information, ensuring no unpublished price-sensitive information is discussed, highlighting the company’s commitment to transparency and regulatory compliance.

Max Estates Limited Releases Q1 FY26 Earnings Call Transcript

Max Estates Limited has released the transcript of its Q1 FY26 Earnings Conference Call, which took place on August 11, 2025. The call discussed the company’s financial performance for the first quarter of the fiscal year 2026. This release is part of the company’s ongoing efforts to maintain transparency and keep stakeholders informed about its financial health and strategic direction.

Max Estates to Engage with Investors at Mumbai Conference

Max Estates Limited has announced its participation in an upcoming investor conference organized by Emkay Confluence in Mumbai on August 14, 2025. The company plans to engage in one-on-one and group meetings with analysts and institutional investors, discussing publicly available information without sharing any unpublished price-sensitive details. This engagement is part of Max Estates’ ongoing efforts to maintain transparency and strengthen its relationships with stakeholders.

Max Estates Limited Appoints New COO – Projects

Max Estates Limited has announced the appointment of Mr. Vachan Singh as the Chief Operating Officer – Projects, effective August 4, 2025. Mr. Singh brings over 35 years of experience in project management and has previously held senior positions at notable companies such as Adani Realty, Oberoi Realty, and Tata Housing. This strategic appointment is expected to enhance Max Estates’ operational capabilities and strengthen its market positioning.