About Max Estates Limited
Data last updated: 25 September 2026
Max Estates Limited is a public limited company based in New Delhi, Delhi, India, a subsidiary of Max Ventures And Industries Limited. It specialises in real estate development and construction, a part of the broader real estate and construction sector. Incorporated on 22 March 2016, the company has been in operation for over 10 years.
Registered with ROC Delhi under CIN L70200DL2016PLC438718. Listed.
Capital: an authorised share capital of ₹228 Cr and a paid-up capital of ₹163.51 Cr. It is led by directors including Malini Thadani and Sahil Vachani.
Last AGM: 18 September 2025. Financial statements filed for year ended 31 March 2025. Office: Max House 1 Dr. Jha Marg, Okhla Phase 3 Opposite Okhla Railway Station, New Delhi, Delhi, India – 110020.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹199.45 Cr, a growth of 24.28% compared to the previous year. The net worth stands at ₹2,419.91 Cr (up 6.21% YoY). Total assets are valued at ₹7,710.63 Cr (up 46.19% YoY).
It operates as a subsidiary of Max Ventures And Industries Limited. Its group structure includes 10 subsidiaries.
As per MCA filings, the company has open charges of ₹540.41 Cr and satisfied charges of ₹1,714.17 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website maxestates.in.
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EmailLocked
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TelephoneLocked
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Website
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Social Media
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Registered AddressMax House 1 Dr. Jha Marg, Okhla Phase 3 Opposite Okhla Railway Station, New Delhi, Delhi, India – 110020
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IndustryReal Estate and Construction, Real Estate Builders & Developers
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Max Estates Limited
Max Estates Limited has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L70200DL2016PLC438718, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L70200DL2016PLC438718 | Current |
| L70200PB2016PLC040200 | Previous |
| U70200PB2016PLC040200 | Previous |
Business Activity of Max Estates Limited
Max Estates Limited is engaged in principal business activities including real estate and professional, scientific and technical, with detailed activities including real estate activities with own or leased property, management consultancy activities. The company has 2 registered principal business activity segments, demonstrating its operational diversity and market reach.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property | Locked |
| M | Professional, Scientific and Technical | M3 | Management consultancy activities | Locked |
Business activity turnover details for Max Estates Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Max Estates Limited
Max Estates Limited is audited by S.R. Batliboi & Co. LLP for the financial year 2024. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S.R. Batliboi & Co. LLP | Locked | Locked | Locked |
Complete auditor history for Max Estates Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Max Estates Limited
Max Estates Limited is currently managed by 10 directors, with 21 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Malini Thadani
Also directs:
Max Financial Services Limited, Max Estates Limited, Au Small Finance Bank Limited and 4 more
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Director | 22 May 2024 | 2 Years 4 Months | Current |
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Sahil Vachani
Also directs:
Max Financial Services Limited, Max Estates Limited, Max Ventures Private Limited and 5 more
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Managing Director | 31 Jul 2023 | 3 Years 1 Months | Current |
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Jillian Leigh Moo Young
Also directs:
Max Estates Limited, Pharmax Corporation Ltd, Max Estates Noida Private Limited and 4 more
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Alternate Director | 27 Mar 2024 | 2 Years 5 Months | Current |
| Analjit Singh | Director | 31 Jul 2023 | 3 Years 1 Months | Current |
|
Atul Behari Lall
Also directs:
Max Estates Limited, Happy Forgings Limited, Dixon Technologies (India) Limited and 5 more
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Director | 27 Mar 2024 | 2 Years 5 Months | Current |
| Dinesh Kumar Mittal | Director | 31 Jul 2023 | 3 Years 1 Months | Current |
Financials of Max Estates Limited FY 2025-26 filings available
Max Estates Limited reported revenue of ₹199.45 Cr (up 24.28% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Income statement | |||||
| Revenue | 199 | 160 | 92.94 | 107 | 69.29 |
| Revenue growth | +51.4% | -2.9% | +58.0% | +96.0% | +9997.0% |
| EBITDA | 23.72 | 44.39 | (26.67) | 31.65 | 30.67 |
| EBITDA margin | +11.9% | +27.7% | -28.7% | +29.5% | +44.3% |
| Profit before tax | 23.25 | 37.61 | (67.73) | 22.06 | 8.47 |
| Net profit | (40.52) | 19.73 | (8.65) | 18.15 | 4.99 |
| Net profit margin | -20.3% | +12.3% | -9.3% | +16.9% | +7.2% |
| EPS (₹) | 0.77 | 2.53 | (2.87) | 0.00 | 0.64 |
| Balance sheet | |||||
| Total assets | 7,711 | 5,275 | 2,546 | 2,163 | 996 |
| Net worth | 2,420 | 2,278 | 1,171 | 1,211 | 609 |
| Total debt | 2,412 | 1,656 | 962 | 862 | 315 |
| Cash & bank | 615 | 1,083 | 260 | 41.37 | 48.39 |
| Net working capital | 3,444 | 1,681 | 356 | 409 | 60.17 |
| Cash flow | |||||
| Cash from operations | (616) | 225 | 271 | (456) | 40.71 |
| Cash from investing | (288) | (1,993) | (292) | (52.14) | (121) |
| Cash from financing | 879 | 1,766 | 234 | 521 | 77.98 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 51.91 | 49.43 | 49.77 | 48.77 | 51.47 | 39.78 | 40.04 | 40.18 |
| Revenue growth (YoY) | +0.9% | +24.3% | +24.3% | +21.4% | +27.1% | +32.6% | +65.7% | +96.1% |
| Other income | 28.17 | 21.15 | 21.68 | 25.86 | 28.66 | 37.52 | 31.85 | 12.60 |
| EBITDA | 8.12 | (3.21) | 2.93 | 10.08 | 13.91 | 9.05 | 11.57 | 8.54 |
| EBITDA margin | +15.6% | -6.5% | +5.9% | +20.7% | +27.0% | +22.8% | +28.9% | +21.3% |
| Depreciation | 8.17 | 7.93 | 8.02 | 8.04 | 8.41 | 8.76 | 8.16 | 8.41 |
| Interest | 16.73 | 16.19 | 15.63 | 16.28 | 17.32 | 16.55 | 14.83 | 13.94 |
| Profit before tax | 11.39 | (6.18) | 0.96 | 11.62 | 16.84 | 21.26 | 20.43 | (1.21) |
| Tax | 3.03 | (2.09) | 0.93 | 3.82 | 4.90 | 7.28 | 4.62 | 0.17 |
| Net profit | 8.36 | (4.09) | 0.03 | 7.80 | 11.94 | 13.98 | 15.81 | (1.38) |
| EPS (₹) | 0.51 | (0.26) | 0.01 | 0.48 | 0.74 | 0.90 | 1.04 | (0.09) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 55.47 | 41.10 | 29.37 | 49.29 | 39.01 | 18.72 | 11.05 |
| Revenue growth | +39.9% | +32.8% | -19.9% | +38.3% | +20.9% | +63.4% | -65.4% |
| EBITDA | (17.61) | (11.14) | (9.98) | 0.17 | 3.50 | (10.65) | (6.93) |
| EBITDA margin | -31.8% | -27.1% | -34.0% | +0.3% | +9.0% | -56.9% | -62.7% |
| Profit before tax | 96.38 | 339 | 17.65 | 33.26 | 5.26 | (12.17) | (12.47) |
| Net profit | 44.68 | (52.15) | 17.87 | 28.25 | 5.12 | (12.25) | (12.55) |
| Net profit margin | +80.6% | -126.9% | +60.8% | +57.3% | +13.1% | -65.4% | -113.6% |
| EPS (₹) | 3.89 | 17.45 | 1.58 | 0.00 | 0.68 | (1.56) | (1.60) |
| Balance sheet | |||||||
| Total assets | 2,790 | 2,428 | 1,481 | 1,454 | 680 | 675 | 630 |
| Net worth | 2,553 | 2,361 | 1,259 | 1,234 | 606 | 599 | 409 |
| Total debt | 216 | 52.18 | 208 | 205 | 64.92 | 71.48 | 218 |
| Cash & bank | 15.95 | 327 | 18.61 | 15.45 | 36.00 | 55.79 | 54.09 |
| Net working capital | 471 | 922 | 222 | 193 | 80.20 | 92.75 | 96.28 |
| Cash flow | |||||||
| Cash from operations | (208) | (48.71) | (36.34) | (19.77) | 6.00 | 6.04 | (23.88) |
| Cash from investing | (61.55) | (606) | 60.43 | (104) | 4.24 | (48.92) | (168) |
| Cash from financing | 269 | 654 | (24.15) | 125 | (12.56) | 44.58 | 243 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 18.84 | 14.21 | 13.45 | 14.09 | 13.72 | 10.82 | 7.99 | 7.48 |
| Revenue growth (YoY) | +37.3% | +31.3% | +68.3% | +88.4% | -7.4% | +82.2% | +33.4% | -21.3% |
| Other income | 27.40 | 27.35 | 28.93 | 26.96 | 43.56 | 29.43 | 31.20 | 292 |
| Total expenses | 22.90 | 21.14 | 17.74 | 19.07 | 15.12 | 14.65 | 14.24 | 10.62 |
| EBITDA | (4.06) | (6.93) | (4.29) | (4.98) | (1.40) | (3.83) | (6.25) | (3.14) |
| EBITDA margin | -21.5% | -48.8% | -31.9% | -35.3% | -10.2% | -35.4% | -78.2% | -42.0% |
| Depreciation | 1.82 | 1.85 | 1.62 | 1.61 | 1.82 | 1.63 | 1.65 | 1.80 |
| Interest | 2.92 | 1.86 | 1.28 | 1.36 | 1.41 | 1.43 | 1.26 | 1.51 |
| Profit before tax | 18.60 | 16.71 | 21.74 | 19.01 | 38.93 | 22.54 | 22.04 | 285 |
| Tax | 6.48 | 8.74 | 6.88 | 7.50 | 9.68 | 7.38 | 5.22 | 43.63 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 51.91 | 49.43 | 49.77 | 48.77 | 51.47 | 39.78 | 40.04 | 40.18 |
| Revenue growth (YoY) | +0.9% | +24.3% | +24.3% | +21.4% | +27.1% | +32.6% | +65.7% | +96.1% |
| Other income | 28.17 | 21.15 | 21.68 | 25.86 | 28.66 | 37.52 | 31.85 | 12.60 |
| EBITDA | 8.12 | (3.21) | 2.93 | 10.08 | 13.91 | 9.05 | 11.57 | 8.54 |
| EBITDA margin | +15.6% | -6.5% | +5.9% | +20.7% | +27.0% | +22.8% | +28.9% | +21.3% |
| Depreciation | 8.17 | 7.93 | 8.02 | 8.04 | 8.41 | 8.76 | 8.16 | 8.41 |
| Interest | 16.73 | 16.19 | 15.63 | 16.28 | 17.32 | 16.55 | 14.83 | 13.94 |
| Profit before tax | 11.39 | (6.18) | 0.96 | 11.62 | 16.84 | 21.26 | 20.43 | (1.21) |
| Tax | 3.03 | (2.09) | 0.93 | 3.82 | 4.90 | 7.28 | 4.62 | 0.17 |
| Net profit | 8.36 | (4.09) | 0.03 | 7.80 | 11.94 | 13.98 | 15.81 | (1.38) |
| EPS (₹) | 0.51 | (0.26) | 0.01 | 0.48 | 0.74 | 0.90 | 1.04 | (0.09) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Revenue | 199 | 160 | 92.94 | 107 | 69.29 |
| Revenue growth | +51.4% | -2.9% | +58.0% | +96.0% | +9997.0% |
| Other income | 97.35 | 89.19 | 27.33 | 23.94 | 4.65 |
| Total expenses | 176 | 116 | 120 | 75.69 | 38.62 |
| Employee cost | 33.26 | 17.63 | 12.28 | 15.38 | 3.47 |
| EBITDA | 23.72 | 44.39 | (26.67) | 31.65 | 30.67 |
| EBITDA margin | +11.9% | +27.7% | -28.7% | +29.5% | +44.3% |
| Depreciation | 32.41 | 34.10 | 25.40 | 14.91 | 10.68 |
| Interest | 65.41 | 61.87 | 42.99 | 18.62 | 16.17 |
| Profit before tax | 23.25 | 37.61 | (67.73) | 22.06 | 8.47 |
| Tax | 7.56 | 11.19 | (12.62) | 3.61 | 3.53 |
| Net profit | (40.52) | 19.73 | (8.65) | 18.15 | 4.99 |
| Net profit margin | -20.3% | +12.3% | -9.3% | +16.9% | +7.2% |
| EPS (₹) | 0.77 | 2.53 | (2.87) | 0.00 | 0.64 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Equity & liabilities | |||||
| Share capital | 163 | 161 | 147 | 0.00 | 77.91 |
| Reserves & surplus | 2,256 | 2,080 | 1,023 | 1,064 | (40.68) |
| Shareholders' funds (net worth) | 2,420 | 2,278 | 1,171 | 1,211 | 609 |
| Minority interest | 741 | 382 | 280 | 42.67 | 34.23 |
| Secured loans | 1,898 | 1,529 | 736 | 684 | 254 |
| Unsecured loans | 514 | 127 | 226 | 177 | 60.98 |
| Total debt | 2,412 | 1,656 | 962 | 862 | 315 |
| Total liabilities | 7,711 | 5,275 | 2,546 | 2,163 | 996 |
| Assets | |||||
| Gross block | 2,646 | 2,140 | 1,903 | 1,493 | 926 |
| Net block | 2,523 | 2,047 | 1,826 | 1,427 | 898 |
| Capital work in progress | 0.00 | 0.00 | 0.27 | 0.00 | 0.00 |
| Investments | 385 | 587 | 92.66 | 160 | 12.74 |
| Inventories | 6,888 | 2,285 | 533 | 387 | 13.76 |
| Sundry debtors | 12.27 | 14.50 | 8.01 | 5.78 | 1.93 |
| Cash & bank balances | 615 | 1,083 | 260 | 41.37 | 48.39 |
| Loans & advances | 632 | 253 | 103 | 28.93 | 21.17 |
| Total current assets | 8,148 | 3,636 | 904 | 463 | 85.25 |
| Total current liabilities | 4,703 | 1,955 | 548 | 53.79 | 25.08 |
| Net working capital | 3,444 | 1,681 | 356 | 409 | 60.17 |
| Total assets | 7,711 | 5,275 | 2,546 | 2,163 | 996 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Opening cash | 229 | 231 | 17.63 | 4.83 | 4.98 |
| Net cash from operating activities | (616) | 225 | 271 | (456) | 40.71 |
| Net cash from investing activities | (288) | (1,993) | (292) | (52.14) | (121) |
| Net cash from financing activities | 879 | 1,766 | 234 | 521 | 77.98 |
| Net change in cash | (24.14) | (1.72) | 213 | 12.79 | (2.26) |
| Closing cash | 615 | 1,083 | 260 | 41.37 | 48.39 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Growth | |||||
| Sales growth | +24.3% | +72.7% | -13.4% | +54.9% | +9997.0% |
| EBITDA growth | -46.6% | +9998.0% | - | +3.2% | +9997.0% |
| PBT growth | -38.2% | +9998.0% | - | +160.5% | +9997.0% |
| Net income growth | - | +9998.0% | - | +263.7% | +9997.0% |
| Revenue CAGR (3Y) | +22.9% | +32.3% | - | - | - |
| EBITDA CAGR (3Y) | -9.2% | +13.1% | - | - | - |
| Profitability & leverage | |||||
| Net income margin | +7.9% | +16.5% | -59.3% | +17.2% | +7.1% |
| Return on capital employed | +1.2% | +2.4% | +0.5% | +1.9% | +2.5% |
| Return on net worth | -1.6% | +0.3% | -1.8% | +1.9% | +0.8% |
| Debt / equity | 0.87 | 0.76 | 0.77 | 0.65 | 0.52 |
| Long-term debt / equity | 0.84 | 0.72 | 0.69 | 0.59 | 0.47 |
| Interest cover | -752.70 | 601.26 | -82.56 | 111.23 | 80.89 |
| Efficiency & per share | |||||
| Fixed asset turnover | 0.08 | 0.08 | 0.05 | 0.09 | 0.07 |
| Inventory turnover | 0.04 | 0.11 | 0.20 | 0.54 | 5.04 |
| Debtors turnover | 14.90 | 14.26 | 13.48 | 27.84 | 35.90 |
| EPS (₹) | 0.77 | 2.53 | (2.87) | 0.00 | 0.64 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 148.05 | 139.19 | 79.55 | 0.00 | 4.78 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 18.84 | 14.21 | 13.45 | 14.09 | 13.72 | 10.82 | 7.99 | 7.48 |
| Revenue growth (YoY) | +37.3% | +31.3% | +68.3% | +88.4% | -7.4% | +82.2% | +33.4% | -21.3% |
| Other income | 27.40 | 27.35 | 28.93 | 26.96 | 43.56 | 29.43 | 31.20 | 292 |
| Total expenses | 22.90 | 21.14 | 17.74 | 19.07 | 15.12 | 14.65 | 14.24 | 10.62 |
| EBITDA | (4.06) | (6.93) | (4.29) | (4.98) | (1.40) | (3.83) | (6.25) | (3.14) |
| EBITDA margin | -21.5% | -48.8% | -31.9% | -35.3% | -10.2% | -35.4% | -78.2% | -42.0% |
| Depreciation | 1.82 | 1.85 | 1.62 | 1.61 | 1.82 | 1.63 | 1.65 | 1.80 |
| Interest | 2.92 | 1.86 | 1.28 | 1.36 | 1.41 | 1.43 | 1.26 | 1.51 |
| Profit before tax | 18.60 | 16.71 | 21.74 | 19.01 | 38.93 | 22.54 | 22.04 | 285 |
| Tax | 6.48 | 8.74 | 6.88 | 7.50 | 9.68 | 7.38 | 5.22 | 43.63 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 55.47 | 41.10 | 29.37 | 49.29 | 39.01 | 18.72 | 11.05 |
| Revenue growth | +39.9% | +32.8% | -19.9% | +38.3% | +20.9% | +63.4% | -65.4% |
| Other income | 127 | 366 | 47.00 | 49.56 | 10.46 | 10.71 | 2.48 |
| Total expenses | 73.08 | 52.24 | 39.35 | 49.12 | 35.51 | 29.37 | 17.98 |
| Employee cost | 35.74 | 22.12 | 16.44 | 17.51 | 5.99 | 5.02 | 3.04 |
| EBITDA | (17.61) | (11.14) | (9.98) | 0.17 | 3.50 | (10.65) | (6.93) |
| EBITDA margin | -31.8% | -27.1% | -34.0% | +0.3% | +9.0% | -56.9% | -62.7% |
| Depreciation | 6.89 | 6.96 | 5.26 | 5.14 | 1.44 | 0.66 | 0.15 |
| Interest | 5.91 | 8.85 | 14.11 | 11.33 | 7.26 | 11.57 | 7.87 |
| Profit before tax | 96.38 | 339 | 17.65 | 33.26 | 5.26 | (12.17) | (12.47) |
| Tax | 32.80 | 58.11 | (5.67) | 0.52 | 0.00 | 0.00 | 0.00 |
| Net profit | 44.68 | (52.15) | 17.87 | 28.25 | 5.12 | (12.25) | (12.55) |
| Net profit margin | +80.6% | -126.9% | +60.8% | +57.3% | +13.1% | -65.4% | -113.6% |
| EPS (₹) | 3.89 | 17.45 | 1.58 | 0.00 | 0.68 | (1.56) | (1.60) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 163 | 161 | 147 | 0.00 | 77.91 | 77.91 | 77.91 |
| Reserves & surplus | 2,390 | 2,162 | 1,112 | 1,087 | (45.21) | (51.17) | (38.92) |
| Shareholders' funds (net worth) | 2,553 | 2,361 | 1,259 | 1,234 | 606 | 599 | 409 |
| Secured loans | 1.19 | 0.24 | 98.38 | 103 | 38.25 | 38.88 | 14.80 |
| Unsecured loans | 215 | 51.94 | 110 | 103 | 26.67 | 32.60 | 203 |
| Total debt | 216 | 52.18 | 208 | 205 | 64.92 | 71.48 | 218 |
| Total liabilities | 2,790 | 2,428 | 1,481 | 1,454 | 680 | 675 | 630 |
| Assets | |||||||
| Gross block | 20.49 | 19.80 | 97.00 | 97.71 | 78.05 | 76.48 | 59.36 |
| Net block | 14.95 | 15.63 | 89.78 | 92.59 | 75.70 | 75.36 | 58.85 |
| Capital work in progress | 0.00 | 0.00 | 0.27 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 2,076 | 1,490 | 1,151 | 1,109 | 500 | 497 | 473 |
| Inventories | 0.00 | 0.00 | 1.94 | 1.95 | 13.45 | 32.17 | 47.44 |
| Sundry debtors | 6.98 | 21.07 | 11.02 | 3.94 | 1.63 | 0.51 | 0.17 |
| Cash & bank balances | 15.95 | 327 | 18.61 | 15.45 | 36.00 | 55.79 | 54.09 |
| Loans & advances | 470 | 591 | 204 | 189 | 37.59 | 17.98 | 7.84 |
| Total current assets | 493 | 940 | 236 | 210 | 88.67 | 106 | 110 |
| Total current liabilities | 21.79 | 17.22 | 13.87 | 16.38 | 8.47 | 13.70 | 13.26 |
| Net working capital | 471 | 922 | 222 | 193 | 80.20 | 92.75 | 96.28 |
| Total assets | 2,790 | 2,428 | 1,481 | 1,454 | 680 | 675 | 630 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.96 | 1.50 | 1.56 | 0.56 | 2.88 | 54.09 | 3.21 |
| Net cash from operating activities | (208) | (48.71) | (36.34) | (19.77) | 6.00 | 6.04 | (23.88) |
| Net cash from investing activities | (61.55) | (606) | 60.43 | (104) | 4.24 | (48.92) | (168) |
| Net cash from financing activities | 269 | 654 | (24.15) | 125 | (12.56) | 44.58 | 243 |
| Net change in cash | (0.13) | (0.55) | (0.05) | 1.00 | (2.32) | 1.70 | 50.88 |
| Closing cash | 15.95 | 327 | 18.61 | 15.45 | 36.00 | 55.79 | 54.09 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +35.0% | +39.9% | -40.4% | +26.4% | +108.4% | +69.4% | -70.3% |
| EBITDA growth | -58.1% | -11.6% | - | -95.1% | +9998.0% | -53.7% | +53.1% |
| PBT growth | -71.6% | +1820.7% | -46.9% | +532.3% | +9998.0% | +2.4% | +35.5% |
| Net income growth | +9998.0% | - | -36.7% | +451.8% | +9998.0% | +2.4% | +35.1% |
| Revenue CAGR (3Y) | +4.0% | +1.8% | +16.2% | +64.6% | +1.6% | - | - |
| EBITDA CAGR (3Y) | - | - | -2.1% | - | - | - | - |
| Profitability & leverage | |||||||
| Net income margin | +114.6% | +683.4% | +79.4% | +66.4% | +13.5% | -65.0% | -112.9% |
| Return on capital employed | +3.4% | +3.2% | +1.8% | +3.0% | +1.8% | 0.0% | 0.0% |
| Return on net worth | +1.8% | -2.9% | +1.4% | +3.0% | +0.8% | 0.0% | 0.0% |
| Debt / equity | 0.05 | 0.07 | 0.17 | 0.15 | 0.11 | 0.29 | 0.39 |
| Long-term debt / equity | 0.01 | 0.05 | 0.11 | 0.09 | 0.06 | 0.05 | 0.02 |
| Interest cover | -24.12 | -48.90 | -92.59 | -227.97 | 352.43 | -102.30 | -111.16 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.75 | 0.70 | 0.30 | 0.56 | 0.50 | 0.28 | 0.21 |
| Inventory turnover | 0.00 | 42.37 | 15.10 | 6.40 | 1.71 | 0.47 | 0.21 |
| Debtors turnover | 3.96 | 2.56 | 3.93 | 17.70 | 36.46 | 55.06 | 40.93 |
| EPS (₹) | 3.89 | 17.45 | 1.58 | 0.00 | 0.68 | (1.56) | (1.60) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 156.22 | 144.31 | 85.55 | 0.00 | 4.20 | 3.43 | 5.01 |
Shareholding Pattern of Max Estates Limited
As per the shareholding pattern for the quarter ended Jun 2026, promoters hold 45.30%, foreign institutional investors hold 25.80%, domestic institutional investors hold 8.20%, retail and other public shareholders hold 20.70% of Max Estates Limited.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | |
|---|---|---|---|---|
| Promoters | 45.30% | 45.30% | 44.90% | 45.20% |
| Public | 54.70% | 54.70% | 55.10% | 54.80% |
Group Structure of Max Estates Limited
Max Estates Limited has 10 subsidiary companies. This group structure data is as of FY 2024. The corporate group structure reflects Max Estates Limited's business expansion strategy and organizational complexity.
| Company Name | CIN | Shares Held |
|---|---|---|
| Pharmax Corporation Ltd | U24232PB1989PLC009741 | - |
| Max Estates 128 Private Limited | U55101DL2006PTC151422 | - |
| Max Estates Gurgaon Two Limited | U68100DL2024PLC424818 | - |
| Astiki Realty Private Limited | U68200DL2023PTC416407 | - |
| Acreage Builders Private Limited | U70101HR2010PTC047012 | - |
| Max Towers Private Limited | U70109UP2016PTC087374 | - |
Showing major subsidiaries. Total: 10.
Charges & Borrowings of Max Estates Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Mar 2026 | Others | ₹37 Lakh | Open |
| 12 Mar 2026 | Yes Bank Limited | ₹7 Lakh | Open |
| 26 Nov 2025 | Hdfc Bank Limited | ₹30.82 Lakh | Open |
| 19 Nov 2025 | Hdfc Bank Limited | ₹45.23 Lakh | Open |
| 19 Sep 2025 | Others | ₹387 Cr | Open |
Total charge records: 38 View all charges
Employees and EPFO Compliance at Max Estates Limited
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Employee and EPFO history for Max Estates Limited
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GST Compliance of Max Estates Limited
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Credit Ratings, Litigation & Regulatory Alerts for Max Estates Limited
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MSME Payment Delays by Max Estates Limited
MSME payment history for Max Estates Limited
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Subsidiaries & Group Companies of Max Estates Limited
Corporate group structure for Max Estates Limited
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MCA Filings & Documents of Max Estates Limited
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Recent Activity on Max Estates Limited
Recent News on Max Estates Limited
Frequently Asked Questions about Max Estates Limited
Max Estates Limited is an active public limited company in the real estate and construction sector based in New Delhi, Delhi, India. It was incorporated on 22 March 2016 (10+ years old) and is registered under CIN L70200DL2016PLC438718.
Max Estates Limited reported revenue of ₹199.45 Cr for FY 2025-26 (up 24.28% YoY) based on consolidated financials.
The current directors of Max Estates Limited are:
- Malini Thadani - Director
- Sahil Vachani - Managing Director
- Jillian Leigh Moo Young - Alternate Director
- Analjit Singh - Director
- Atul Behari Lall - Director
- Dinesh Kumar Mittal - Director
- Ira Gupta - Director
- Niten Malhan - Director
- Gauri Padmanabhan - Director
- Benjamin Scott Greene - Alternate Director
The primary industry of Max Estates Limited is real estate and construction. The company specifically operates in real estate builders and developers. The company is currently active in this sector.
Yes, Max Estates Limited is a listed company.
Max Estates Limited can be reached at the registered office: Max House 1 Dr. Jha Marg, Okhla Phase 3 Opposite Okhla Railway Station, New Delhi, Delhi, India – 110020, or through the website maxestates.in.