Max Estates

Quick check

The five things to look at first. Open one for more.

• DebtAdequate safetyRated A+ by ICRA.
• ResultsProfit fallingIn the Jun 2026 quarter, sales rose 0.9% and profit fell 30% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 45% of the company, about the same as in Jun 2025.
• ValuationExpensive vs its pastThe share trades at 1,312.5 times its yearly earnings (P/E), pricier than 91% of the time in the last 3 years. Its usual P/E is about 236.

Max Estates against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)1,312.5 against a typical 23.3: pricier than most peers (1st = cheapest).169th of 173
• Sales growth+0.9% against a typical +6.6% from a year earlier.76th of 134
• Profit growth−30.1% against a typical +2.9% from a year earlier.64th of 108
• Share price, 3 months+31.5% against a typical −9.9%.9th of 147
• Size₹ 7,887.3 Cr. market value against a typical ₹ 129.6 Cr. (1st = largest).14th of 163

Exchange filings and their impact on the company.

• 8 Oct 2026Pendency of Litigation(s)/dispute(s) or the outcome impacting the CompanyLow impactNegativePrice −3.4% that day
  Max Estates received a Rs 2.59 crore GST show-cause notice for FY23 with no final order and no impact on operations.

  Max Estates disclosed it received a GST show-cause notice in Form DRC-01 dated September 26, 2026 from the Uttar Pradesh State Tax Department for FY23, relating to Max Ventures and Industries which merged into the company in 2023. The notice proposes tax of Rs 1.35 crore plus interest of Rs 0.97 crore and penalty of Rs 0.27 crore, totalling Rs 2.59 crore, mainly on GST return and reconciliation matters. The matter is only at notice stage with no final demand, the company will file a reply, and it says there is no impact on operations at this stage.

  Full analysisFiling
• 6 Oct 2026Press ReleaseHigh impactVery positivePrice +0.3% that day
  Max Estates pre-sold Rs 3,200 cr in H1FY27, up 12x in Q2, supercharging future revenue and cash flows.

  Max Estates reported pre-sales of about Rs 3,200 crore in H1FY2027, including about Rs 2,100 crore in Q2FY2027 versus Rs 156 crore a year ago, selling 274 units across Noida and Gurugram. Collections were about Rs 560 crore in Q2, with 20-25% of sales value collected annually to fund construction without extra residential debt. The commercial portfolio is fully leased at over Rs 160 crore annual rent with potential of over Rs 700 crore in five years, supporting strong growth visibility.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Sahil Vachani

Executive Vice Chairman of the Board, Managing Director, Chief Executive Officer

Nitin Kumar Kansal

Chief Financial Officer

Abhishek Mishra

Company Secretary, Compliance Officer

Rishi Raj

Whole Time Director