Maxheights

Delhi, India Founded: 1981 • Age: 45 yrs Listed
Real estate and infrastructure development services are offered by Maxheights.

About Maxheights

Maxheights is a publicly listed company based in Delhi (India) founded in 1981. Real estate and infrastructure development services are offered by Maxheights. Its Indian entity Max Heights Infrastucture Limited reported revenue of ₹8.49 Cr. Maxheights offers products and services including Real Estate Development and Infrastructure Projects. Its focus areas include Real Estate and Construction, Real Estate & Infrastructure Developers and Diversified. Its competitors include Lodha Group and Godrej Properties.

Company details

Maxheights was founded in 1981 and is headquartered in Delhi, India. Operations are focused on the real estate sector, where development services for residential, commercial, and infrastructural projects are provided. Expertise is applied in land acquisition, construction management, and project execution across urban and regional areas. The company is led by Managing Director Naveen Narang, ensuring oversight in all development activities.

  • Headquarters Delhi, India
  • Stage Public
  • Sectors
    Real Estate & Construction
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website maxheights.com
  • Legal Name Maxheights Infrastructure Ltd.
Key Metrics
  • Market Cap
    ₹15.61 Cr

    MAXHEIGHTS · BSE

  • Share Price
    ₹9.60

    -4.00% today

  • Revenue
    ₹22.42 Cr

    FY 2023-24 · +212.3% YoY

  • EBITDA
    ₹0.48 Cr

    Margin 2.1%

  • Net Profit
    ₹0.36 Cr

    FY 2023-24 · +139.6% YoY

  • P/E (TTM)
    43.5x

    P/B 0.5x

  • ROE
    1.4%

    ROCE 0.9%

  • Debt / Equity
    2.64

    Interest cover 162.5x

Products & Services of Maxheights

Maxheights offers a comprehensive portfolio of products and services, including Real Estate Development and Infrastructure Projects.

Real Estate Development
Construction

Development of residential and commercial properties in Delhi NCR

Infrastructure Projects
Real Estate

Creation of spaces for living and work purposes

Board of directors of Max Heights Infrastucture Limited (Maxheights)

Max Heights Infrastucture Limited is the primary company behind Maxheights. The boards of the 2 registered companies of Maxheights currently have 7 directors; the longest-serving is Naveen Narang, appointed in 2008. 31 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Naveen Narang
DIN 00095708
Managing Director13 Mar 200818 yrs 7 moMax Heights Infrastucture Limited
Mansi Narang
DIN 07089546
Director11 Feb 201511 yrs 8 moMax Heights Infrastucture Limited
Gourav
DIN 09008128
Director24 Dec 20205 yrs 10 moMax Heights Infrastucture Limited
Neeraj Aggarwal
DIN 03109465
Director23 Jun 20242 yrs 4 moMax Heights Township And Projects Private Limited
Pravesh Kumar
DIN 10602147
Director23 Jun 20242 yrs 4 moMax Heights Township And Projects Private Limited
Mandavi
DIN 09289243
Director12 Sep 20242 yrs 1 moMax Heights Infrastucture Limited
Konica Arora
DIN 11800800
Additional Director07 Jul 20263 moMax Heights Infrastucture Limited

People of Maxheights

1 people are tracked at Maxheights (1 in leadership).

NameRoleGroup
Managing DirectorLeadership
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IPO & Listings of Maxheights

Maxheights is a publicly listed company on the BSE with ticker symbol MAXHEIGHTS in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date14 Jun 2012
  • Listed onBSE: 534338
  • Listed entityMaxheights Infrastructure Ltd.
  • Exchange sectorFinance
  • ISININE393F01010
  • Share price₹9.51 (-3.45% on the day) · 2026-10-12
  • Volume (last session)257

Financials of Maxheights

Exchange-reported figures of Max Heights Infrastucture Limited, the listed company behind Maxheights (BSE: MAXHEIGHTS).

Financial Highlights

FY 2023-24 · Consolidated
Revenue
₹22.42 Cr
+212.3% YoY
EBITDA
₹0.48 Cr
-76.0% YoY
Profit After Tax
₹0.36 Cr
+139.6% YoY
Net Worth
₹29.52 Cr
+1.3% YoY
Total Assets
₹99.95 Cr
-10.4% YoY
Total Debt
₹70.28 Cr
-17.2% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Income statement
Revenue22.427.185.4310.3443.4045.4859.70
Revenue growth+212.3%+32.2%-47.5%-76.2%-4.6%-23.8%-
EBITDA0.482.001.122.335.126.466.82
EBITDA margin+2.1%+27.9%+20.6%+22.5%+11.8%+14.2%+11.4%
Profit before tax0.55(1.80)(1.24)1.411.882.322.11
Net profit0.36(0.91)(1.07)(0.99)1.361.711.12
Net profit margin+1.6%-12.7%-19.7%-9.6%+3.1%+3.8%+1.9%
EPS (₹)0.24(0.57)(0.07)0.590.911.100.72
Balance sheet
Total assets99.95112107111143147138
Net worth29.5229.1530.0530.9932.2231.1429.85
Total debt70.2884.8578.4579.46106111104
Cash & bank1.152.650.353.063.613.168.67
Net working capital97.90109106110141145136
Cash flow
Cash from operations10.510.800.08(2.91)8.19(8.95)(13.61)
Cash from investing2.96(1.21)3.484.470.670.41(0.29)
Cash from financing(14.96)2.71(4.24)0.68(8.41)3.0314.58
ParticularsMar 2024Dec 2023Sep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022
Revenue7.470.9210.083.942.531.371.721.56
Revenue growth (YoY)+195.3%-32.9%+486.1%+152.6%+76.9%---
Other income0.660.030.010.000.040.000.010.00
EBITDA0.030.110.85(0.54)1.120.220.310.35
EBITDA margin+0.4%+12.0%+8.4%-13.7%+44.3%+16.1%+18.0%+22.4%
Depreciation0.040.070.070.070.070.030.030.03
Interest0.080.030.150.133.350.010.290.04
Profit before tax0.570.040.64(0.74)(2.26)0.180.000.28
Tax0.110.000.000.000.030.000.000.00
Net profit0.460.040.64(0.74)(2.29)0.180.000.28
EPS (₹)0.00(0.07)0.42(0.05)0.170.110.000.19
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue8.274.5822.216.045.431.983.52
Revenue growth+80.6%-79.4%+267.7%+11.2%+174.2%-43.8%-
EBITDA1.50(0.02)0.361.201.310.540.81
EBITDA margin+18.1%-0.4%+1.6%+19.9%+24.1%+27.3%+23.0%
Profit before tax1.19(0.39)0.440.231.812.460.48
Net profit0.98(0.39)0.300.200.710.060.37
Net profit margin+11.9%-8.5%+1.4%+3.3%+13.1%+3.0%+10.5%
EPS (₹)0.63(0.26)0.200.131.011.320.23
Balance sheet
Total assets-39.5834.3242.1241.0442.5738.68
Net worth-32.6133.0132.7032.4930.9128.81
Total debt-6.971.319.428.5511.569.77
Cash & bank-0.100.860.960.240.940.16
Net working capital-37.2831.8639.4139.5038.5432.81
Cash flow
Cash from operations-(6.89)8.041.92(0.80)(5.21)(4.83)
Cash from investing-0.680.35(1.25)3.484.510.51
Cash from financing-5.45(8.49)0.05(3.37)1.493.22
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.191.350.144.132.641.110.173.12
Revenue growth (YoY)-92.8%+21.6%-17.7%+32.4%+1366.7%---
Other income0.020.030.170.000.020.000.030.01
Total expenses0.191.250.152.632.731.190.143.15
EBITDA0.000.10(0.01)1.50(0.09)(0.08)0.03(0.03)
EBITDA margin0.0%+7.4%-7.1%+36.3%-3.4%-7.2%+17.6%-1.0%
Depreciation0.050.050.050.050.050.050.050.09
Interest0.000.220.030.040.040.150.040.01
Profit before tax(0.03)(0.14)0.081.41(0.16)(0.28)(0.03)(0.12)
Tax0.000.210.000.000.000.000.000.00

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 28 Oct 2026
ParticularsMar 2024Dec 2023Sep 2023Jun 2023Mar 2023Dec 2022Sep 2022Jun 2022
Revenue7.470.9210.083.942.531.371.721.56
Revenue growth (YoY)+195.3%-32.9%+486.1%+152.6%+76.9%---
Other income0.660.030.010.000.040.000.010.00
EBITDA0.030.110.85(0.54)1.120.220.310.35
EBITDA margin+0.4%+12.0%+8.4%-13.7%+44.3%+16.1%+18.0%+22.4%
Depreciation0.040.070.070.070.070.030.030.03
Interest0.080.030.150.133.350.010.290.04
Profit before tax0.570.040.64(0.74)(2.26)0.180.000.28
Tax0.110.000.000.000.030.000.000.00
Net profit0.460.040.64(0.74)(2.29)0.180.000.28
EPS (₹)0.00(0.07)0.42(0.05)0.170.110.000.19
ParticularsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Revenue22.427.185.4310.3443.4045.4859.70
Revenue growth+212.3%+32.2%-47.5%-76.2%-4.6%-23.8%-
Other income0.700.040.992.750.590.380.44
Total expenses21.945.184.318.0138.2839.0252.88
Employee cost0.190.190.260.460.851.981.93
EBITDA0.482.001.122.335.126.466.82
EBITDA margin+2.1%+27.9%+20.6%+22.5%+11.8%+14.2%+11.4%
Depreciation0.240.150.110.130.260.300.31
Interest0.393.693.243.543.574.224.84
Profit before tax0.55(1.80)(1.24)1.411.882.322.11
Tax0.110.030.250.480.470.610.53
Net profit0.36(0.91)(1.07)(0.99)1.361.711.12
Net profit margin+1.6%-12.7%-19.7%-9.6%+3.1%+3.8%+1.9%
EPS (₹)0.24(0.57)(0.07)0.590.911.100.72
ParticularsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Equity & liabilities
Share capital15.6115.6115.6115.6115.6115.6115.61
Reserves & surplus13.9113.5414.4415.3816.6115.5314.24
Shareholders' funds (net worth)29.5229.1530.0530.9932.2231.1429.85
Minority interest0.14(2.51)(1.59)0.954.724.323.89
Secured loans0.610.960.100.170.866.2312.59
Unsecured loans69.6783.8978.3579.2910510591.77
Total debt70.2884.8578.4579.46106111104
Total liabilities99.95112107111143147138
Assets
Gross block2.702.701.381.383.623.793.18
Net block1.301.530.370.471.631.641.33
Capital work in progress0.000.000.000.000.000.000.00
Investments0.560.570.570.500.110.110.11
Inventories122138140136260278286
Sundry debtors0.230.490.210.2112.9824.2416.40
Cash & bank balances1.152.650.353.063.613.168.67
Loans & advances11.265.482.497.3716.0118.5720.49
Total current assets135147143147293324332
Total current liabilities36.8237.5736.9136.46152179196
Net working capital97.90109106110141145136
Total assets99.95112107111143147138
ParticularsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Opening cash2.650.351.030.823.168.678.00
Net cash from operating activities10.510.800.08(2.91)8.19(8.95)(13.61)
Net cash from investing activities2.96(1.21)3.484.470.670.41(0.29)
Net cash from financing activities(14.96)2.71(4.24)0.68(8.41)3.0314.58
Net change in cash(1.50)2.30(0.68)2.240.45(5.51)0.68
Closing cash1.152.650.353.063.613.168.67
ParticularsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Growth
Sales growth+212.3%+32.2%-47.5%-76.2%-4.6%-23.8%-
EBITDA growth-76.0%+78.6%-51.9%-54.5%-20.7%-5.3%-
PBT growth+9998.0%-45.2%--25.0%-19.0%+10.0%+9.3%
Net income growth+139.6%+15.0%-8.1%-172.8%-20.5%+52.7%-
Revenue CAGR (3Y)+29.4%-45.1%-50.8%-44.3%+1.7%-4.9%+134.7%
EBITDA CAGR (3Y)-40.9%-26.9%-44.2%-30.1%+23.5%+40.5%+95.0%
Profitability & leverage
Net income margin+2.0%-25.5%-27.4%+9.0%+3.3%+3.8%+2.7%
Return on capital employed+0.9%+1.7%+0.9%+2.0%+3.9%+4.7%+5.6%
Return on net worth+1.4%-6.2%-8.1%-3.2%+4.5%+5.6%+5.4%
Debt / equity2.642.762.592.943.443.543.23
Long-term debt / equity1.501.622.051.941.401.240.97
Interest cover162.50199.46320.79160.9173.4668.5174.35
Efficiency & per share
Fixed asset turnover8.303.523.934.1411.7113.0520.91
Inventory turnover0.170.050.040.050.160.160.21
Debtors turnover62.2820.5125.861.572.332.244.00
EPS (₹)0.24(0.57)(0.07)0.590.911.100.72
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)18.9118.6819.2519.8520.6419.9519.12
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue0.191.350.144.132.641.110.173.12
Revenue growth (YoY)-92.8%+21.6%-17.7%+32.4%+1366.7%---
Other income0.020.030.170.000.020.000.030.01
Total expenses0.191.250.152.632.731.190.143.15
EBITDA0.000.10(0.01)1.50(0.09)(0.08)0.03(0.03)
EBITDA margin0.0%+7.4%-7.1%+36.3%-3.4%-7.2%+17.6%-1.0%
Depreciation0.050.050.050.050.050.050.050.09
Interest0.000.220.030.040.040.150.040.01
Profit before tax(0.03)(0.14)0.081.41(0.16)(0.28)(0.03)(0.12)
Tax0.000.210.000.000.000.000.000.00
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue8.274.5822.216.045.431.983.52
Revenue growth+80.6%-79.4%+267.7%+11.2%+174.2%-43.8%-
Other income0.220.040.690.000.982.410.00
Total expenses6.774.6021.854.844.121.442.71
Employee cost0.000.150.180.190.180.190.34
EBITDA1.50(0.02)0.361.201.310.540.81
EBITDA margin+18.1%-0.4%+1.6%+19.9%+24.1%+27.3%+23.0%
Depreciation0.200.200.230.150.110.130.13
Interest0.330.210.380.820.370.360.20
Profit before tax1.19(0.39)0.440.231.812.460.48
Tax0.210.000.110.030.250.380.11
Net profit0.98(0.39)0.300.200.710.060.37
Net profit margin+11.9%-8.5%+1.4%+3.3%+13.1%+3.0%+10.5%
EPS (₹)0.63(0.26)0.200.131.011.320.23
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital-15.6115.6115.6115.6115.6115.61
Reserves & surplus-17.0017.4017.0916.8815.3013.20
Shareholders' funds (net worth)-32.6133.0132.7032.4930.9128.81
Secured loans-0.270.610.960.100.170.35
Unsecured loans-6.700.708.468.4511.399.42
Total debt-6.971.319.428.5511.569.77
Total liabilities-39.5834.3242.1241.0442.5738.68
Assets
Gross block-2.642.652.651.331.332.19
Net block-1.081.281.520.350.450.80
Capital work in progress-0.000.000.000.000.000.00
Investments-1.151.101.111.113.495.00
Inventories-23.1518.8836.7039.1234.5926.28
Sundry debtors-0.030.030.030.210.210.21
Cash & bank balances-0.100.860.960.240.940.16
Loans & advances-14.1313.283.831.373.436.42
Total current assets-37.4133.0541.5240.9439.1733.07
Total current liabilities-0.131.192.111.440.630.26
Net working capital-37.2831.8639.4139.5038.5432.81
Total assets-39.5834.3242.1241.0442.5738.68
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash-0.860.960.240.940.161.26
Net cash from operating activities-(6.89)8.041.92(0.80)(5.21)(4.83)
Net cash from investing activities-0.680.35(1.25)3.484.510.51
Net cash from financing activities-5.45(8.49)0.05(3.37)1.493.22
Net change in cash-(0.76)(0.10)0.71(0.70)0.79(1.10)
Closing cash-0.100.860.960.240.940.16
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+80.6%-79.4%+267.7%+11.2%+174.2%-43.8%-
EBITDA growth+7600.0%-105.6%-70.0%-8.4%+142.6%-33.3%-
PBT growth+9998.0%-+91.3%-87.3%-26.4%+412.5%-45.5%
Net income growth+351.3%-230.0%+50.0%-71.8%+1083.3%-83.8%-
Revenue CAGR (3Y)+11.0%-5.5%+123.9%+19.7%-2.7%-14.2%-4.7%
EBITDA CAGR (3Y)+7.7%--12.6%+14.0%+0.8%-14.7%-2.0%
Profitability & leverage
Net income margin+11.9%-8.5%+1.5%+3.3%+28.7%+105.1%+10.5%
Return on capital employed--0.5%+2.1%+2.6%+2.9%+1.0%+1.8%
Return on net worth--1.2%+0.9%+0.6%+2.3%+0.1%+1.3%
Debt / equity-0.130.160.280.320.360.28
Long-term debt / equity-0.120.150.270.320.310.20
Interest cover25.38-95.45292.3178.1030.8387.8029.41
Efficiency & per share
Fixed asset turnover-1.738.383.044.081.131.61
Inventory turnover-0.220.800.160.150.070.15
Debtors turnover-152.67740.3350.3325.869.4318.53
EPS (₹)0.63(0.26)0.200.131.011.320.23
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.0020.8921.1520.9520.8119.8018.46

Competitors of Maxheights

Maxheights has 2 listed competitors in our database. They include Lodha Group and Godrej Properties.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
lodhagroup.com1980Mumbai, India4,846
Developer of residential and commercial real estate properties
godrejproperties.com1990Mumbai, India408
Residential and commercial properties are developed by Godrej Properties.
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Web traffic of Maxheights

The website of Maxheights (maxheights.com) receives about 2K visits a month.

  • Monthly visits
    2K

    ▲ 63.2% vs previous month

Top companies in Real Estate Developers & Builders

3 companies that operate in the same segment as Maxheights (Real Estate Developers & Builders) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Developer of luxury residential properties
1992Mumbai, Maharashtra, IndiaUSD 158.42 MUSD 55.39 M1,046
Residential and commercial properties are developed by Godrej Properties.
1990Mumbai, Maharashtra, IndiaUSD 546.88 M6,030
Premium residential building development services are provided.
1980Mumbai, Maharashtra, IndiaUSD 152.4 MUSD 658.36 M1,480
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Frequently Asked Questions about Maxheights

Maxheights was founded in 1981.

Maxheights is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.

The primary company behind Maxheights, Max Heights Infrastucture Limited, reported revenue of ₹8.49 Cr for FY 2026, up 81% year on year.

Maxheights was founded in 1981 and is headquartered in Delhi, India. Operations are focused on the real estate sector, where development services for residential, commercial, and infrastructural projects are provided. Expertise is applied in land acquisition, construction management, and project execution across urban and regional areas. The company is led by Managing Director Naveen Narang, ensuring oversight in all development activities.

Maxheights's top competitors include Godrej Properties and Lodha Group.

Maxheights offers Real Estate Development and Infrastructure Projects.

Yes, Maxheights is publicly traded on BSE under the ticker symbol MAXHEIGHTS.

Maxheights is associated with 2 legal entities: Max Heights Infrastucture Limited, Max Heights Township And Projects Private Limited.

The legal entities of Maxheights currently have 8 directors, including Neeraj Aggarwal, Pravesh Kumar, Naveen Narang and others.

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