MAXESTATES
OVERVALUEDMax Estates Limited
Realty · NSE
↓ 287.2% vs fair value
52W Low
₹305
+41.4% from low
52W High
₹564
-23.4% from high
Valuation Gauge
Current Price
₹432
Fair Value
₹112
Fair Value Analysis
₹112
Based on balance sheet strength analysis and book value multiple for Realty sector companies | CAUTION: ROCE declining (latest 1.1%) — returns on capital are falling; verify this isn't a value trap. | Growth capped at 1.7% (ROE 1.5%×1.15) — historical CAGR exceeds sustainable rate or COVID period unverifiable.
Balance Sheet Value
40% weight
P/B Multiple
60% weight
Price vs Market
Shareholding Pattern
Stock Health Score
Solid Fundamentals
Profitability
ROE of 1.5% is below the Realty sector benchmark of 15%
Debt & Leverage
D/E ratio of 0.7x is well within the Realty sector norm of 1.5x — strong balance sheet
Valuation vs Peers
P/E of 185.9x is 2.1x the Realty sector median of 88x — expensive
Cash Flow
Negative FCF of ₹-452 Cr — company is consuming more cash than it generates
Earnings Growth
5yr EPS CAGR of 101.4% is well above the Realty sector average of 32.9% — strong growth
Dividend
No dividend — typical for growth-stage companies
Company Health Timeline
10-year financial health at a glance
Sentiment Trend — Last 30 Days
Historical Returns
Key Ratios & Growth
FCF Yield
-25.2%
Free cash flow / market cap
Revenue Growth (YoY)
+24.3%
Year-on-year revenue change
Profit Growth (YoY)
-100.0%
Year-on-year PAT change
Operating Cash Flow
₹225 Cr
TTM cash from operations
Key Financials
EPS (TTM)
₹2.2
P/E Ratio
185.9x
P/B Ratio
3.1x
ROE
1.5%
ROCE
1.9%
Debt / Equity
0.7x
Beta
1.08
Div Yield
—
FCF (Cr)
₹-452 Cr
Revenue (Cr)
₹160 Cr
EPS Growth 5Y
101.4%
Mkt Cap (Cr)
₹6,620 Cr
52W High
₹564.3
52W Low
₹305.5
Book Value/Share
₹132.4
Financial History
| Period | Revenue | Op Profit | OPM% | PAT | EPS |
|---|---|---|---|---|---|
| TTM | ₹190 Cr | ₹36 Cr | 19.0% | ₹34 Cr | ₹2.17 |
| 2025-03-31 | ₹160 Cr | ₹44 Cr | 28.0% | ₹26 Cr | ₹2.53 |
| 2024-03-31 | ₹93 Cr | ₹18 Cr | 19.0% | ₹-55 Cr | ₹-2.87 |
| 2023-03-31 | ₹107 Cr | ₹32 Cr | 30.0% | ₹18 Cr | — |
| 2022-03-31 | ₹69 Cr | ₹31 Cr | 44.0% | ₹5 Cr | — |
Compounded Growth Rates
Sales Growth
Profit Growth
EPS Growth
Peer Comparison
Realty| Stock | Price | Fair Value | MoS% | P/E | ROE | Signal |
|---|---|---|---|---|---|---|
Excel Realty N Infra Limited | ₹1 | ₹1,437.4 | +99.9% | 0 | 4.2% | FAIRLY_VALUED |
R.P.P. Infra Projects Limited | ₹72 | ₹163.2 | +55.9% | 17.1 | 12.5% | UNDERVALUED |
Kaushalya Infrastructure Development Corporation Limited | ₹897 | ₹1,909 | +53.0% | 23.2 | 1.8% | UNDERVALUED |
Transindia Real Estate Limited | ₹25 | ₹51.2 | +51.1% | 9.9 | 3.1% | FAIRLY_VALUED |
Akash Infra-Projects Limited | ₹28.5 | ₹45.7 | +37.6% | 18.8 | 2.8% | FAIRLY_VALUED |
Ruchi Infrastructure Limited | ₹6.3 | ₹9.1 | +30.6% | 20.9 | 5.0% | FAIRLY_VALUED |
Generic Engineering Construction and Projects Limited | ₹38.6 | ₹50.4 | +23.4% | 23.3 | 3.8% | UNDERVALUED |
Capacit'e Infraprojects Limited | ₹218 | ₹262.7 | +17.0% | 9.7 | 11.1% | FAIRLY_VALUED |
Institutional Activity
Bulk deals, block deals, short selling & delivery volume — NSE data
Insider Trading
Community Pulse
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