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Max Estates Limited (MAXESTATES.NS)

INR427.55 -3.75 (-0.87%)
IN NSE Real Estate Real Estate - Development
Address Max Towers L 15 201301
Noida, IN
CEO Sahil Vachani
IPO 2023-10-30
ISIN INE03EI01018

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Also trades on Bombay Stock Exchange · MAXESTATES.BO (INR) National Stock Exchange of India · MAXESTATES.NS (INR)
Description

Max Estates Limited primarily focuses on the creation and development of both residential and commercial real estate projects. In addition to its core property business, the company provides a variety of supplementary services such as investment management, property facility operations, flexible managed office solutions, and other shared support services. The firm is also engaged in leasing out office spaces. Max Estates Limited was founded in 2016 and is headquartered in Noida, India.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR427.55 -3.75 (-0.87%)
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Volume Profile
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Liquidity & share structure
Average Volume
70.8K
Beta
1.11
Float Shares
86.13M
Free Float %
52.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+2.51% +8.70% +14.24% +11.20% -6.05% -0.26% -14.41% +58.61% +58.61% +58.61% +58.61%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
427.55
Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 4 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
0.59
Distress
Piotroski F-Score
4 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
2 / 5
Medium
ROA Score
2 / 5
Medium
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Real Estate - Development: +9.7%
    +18.9% Q1'26: -8.7% (vs Q1'25)
  • EPS growth Real Estate - Development: +20.5%
    -63.0% Q1'26: -128.9% (vs Q1'25)
  • FCF margin FCF growth · Real Estate - Development: +16.2%
    -193.9% Q1'26: -632.6% (vs Q1'25)
  • EBIT margin Real Estate - Development: +19.8%
    +29.9% Q1'26: +14.2% (vs Q1'25)
  • ROIC Real Estate - Development: +3.2%
    +1.3% Q1'26: +0.6% (vs Q1'25)
  • Share dilution Real Estate - Development: +0.0%
    -32.6% Q1'26: -18.6% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Real Estate - Development: 1.93×
    19.92× Q1'26: 33.59× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (1.08) × ERP
WACC = 75% × Ke + 25% × Kd (4.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 427.55
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
4 Rev. Ana.
2 EPS Ana.
Mar 2027
4 Rev. Ana.
2 EPS Ana.
Mar 2028
4 Rev. Ana.
3 EPS Ana.
Revenue
734.82M
est: 12.38B (-94.1%)
1.07B
est: 1.18B (-9.3%)
929.44M
est: 979.00M (-5.1%)
2.50B
est: 1.90B (+31.7%)
2.15B
2.08B – 2.28B
+13.4% YoY
2.31B
2.17B – 2.60B
+7.5% YoY
21.26B
20.54B – 21.66B
+819.5% YoY
EBITDA
347.90M
est: 4.27B (-91.9%)
543.08M
est: 408.69M (+32.9%)
182.72M
est: 337.99M (-45.9%)
1.34B
est: 803.51M (+66.3%)
911.47M
881.49M – 966.24M
+13.4% YoY
979.95M
918.71M – 1.10B
+7.5% YoY
9.01B
8.71B – 9.18B
+819.5% YoY
EBIT
241.09M
est: 2.07B (-88.3%)
394.00M
est: 197.61M (+99.4%)
-71.30M
est: 163.42M (-143.6%)
994.87M
est: 498.89M (+99.4%)
565.92M
547.30M – 599.93M
+13.4% YoY
608.44M
570.42M – 683.29M
+7.5% YoY
5.59B
5.41B – 5.70B
+819.5% YoY
Net Income
49.99M
est: 916.34M (-94.5%)
190.15M
est: 1.19B (-84.1%)
-421.63M
est: -696.17M (+39.4%)
408.10M
est: 145.60M (+180.3%)
204.92M
136.61M – 273.23M
+40.7% YoY
-32.36M
-161.78M – 97.07M
-115.8% YoY
5.77B
4.87B – 6.89B
+17,925.0% YoY
SGA
105.26M
est: 2.44B (-95.7%)
143.37M
est: 233.12M (-38.5%)
251.07M
est: 192.79M (+30.2%)
825.15M
est: 332.72M (+148.0%)
377.43M
365.01M – 400.11M
+13.4% YoY
405.78M
380.42M – 455.70M
+7.5% YoY
3.73B
3.61B – 3.80B
+819.5% YoY
EPS
0.34
est: 3.82 (-91.1%)
1.29
est: 4.97 (-74.1%)
-3.75
est: -2.90 (-29.3%)
2.63
est: 0.90 (+192.2%)
1.27
0.84 – 1.69
+40.7% YoY
-0.20
-1.00 – 0.60
-115.8% YoY
35.65
30.08 – 42.59
+17,925.0% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-26 C 2/5 1/5 2/5 2/5 2/5 1/5 2/5
2026-05-25 C 2/5 1/5 2/5 2/5 2/5 1/5 2/5
2026-05-22 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-21 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-20 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-19 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-18 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-15 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-14 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-13 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-12 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-11 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-08 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-07 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.68B
OE per share TTM
9.97
Owner's Yield
2.39%
Maintenance CapEx ratio
18.90%
Maint CapEx / Avg PPE
57.3%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 1 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 Vanguard Global ex-U.S. Real Estate ETF VNQI 0.02% 877.3K 0.12%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
6.33M
Shares Outstanding
163.45M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Sahil Vachani Vice Chairman & MD 46M male
Nitin Kumar Kansal Chief Financial Officer 40M male
Abhishek Mishra Company Secretary & Compliance Officer 4M male
Dharmender Kumar Director & Chief Corporate Affairs Officer male
Kumar Alok Shubham General Manager of Human Capital male
Arjun Gandhi Head - Marketing male
Arihant Kothari Chief Investment Officer - Capital Strategy male
Sanjeev Ailawadi Head of Legal
Vachan Singh Chief Operating Officer of Projects male
Vikram Vij Head - Digital & IT male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits