
About Max Heights Infrastucture Limited
Data last updated:
Max Heights Infrastucture Limited is a public limited company based in New Delhi, Delhi, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 28 July 1981 and has been in existence for over 45 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L67120DL1981PLC179487. Its GSTIN is 07AABCR2634K1ZD (Delhi). It is a listed company as per MCA records. Its shares are listed on BSE: 534338.
The company has an authorised share capital of ₹17 Cr and a paid-up capital of ₹15.61 Cr. It was formerly known as Ruchi Vanijya Co Ltd. It is led by directors including Naveen Narang (Managing Director) and Mansi Narang.
Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Sd – 65 Pitampura, New Delhi, Delhi, India – 110034.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹8.27 Cr, a growth of 80.6% compared to the previous year. For the same year it recorded a net profit of ₹98 Lakh (net margin 11.9%) and EBITDA of ₹1.5 Cr (EBITDA margin 18.1%).
Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Maxheights. As per MCA filings, the company has open charges of ₹1.5 Lakh on record. Court records list 5 cases involving the company, including 3 filed by the company and 2 filed against it. The company has 11 deals on record (11 market trades); the latest was in October 2025.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website maxheights.com.
Company details
CIN history
Max Heights Infrastucture has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L67120DL1981PLC179487, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L67120DL1981PLC179487 | Current |
| U67120WB1981PLC033920 | Previous |
| L67120WB1981PLC033920 | Previous |
Contact details
Max Heights Infrastucture Limited's registered office is in New Delhi, Delhi. Its website is maxheights.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSd – 65 Pitampura, New Delhi, Delhi, India – 110034
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Max Heights Infrastucture Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Max Heights Infrastucture operates one associated brand: Maxheights. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Real estate and infrastructure development services are offered by Maxheights. | maxheights.com |
Business activity
The main business activity of Max Heights Infrastucture is real estate. In detail, this covers real estate activities on fee or contract basis.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L2 | Real estate activities on fee or contract basis |
To see the full business activity and turnover split of Max Heights Infrastucture Limited, buy the company report.
Financials of Max Heights Infrastucture Limited
FY 2025-26 filings availableMax Heights Infrastucture Limited reported revenue of ₹8.27 Cr (up 80.6% YoY) for FY 2025-26.
Financial Highlights
FY 2023-24 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 22.42 | 7.18 | 5.43 | 10.34 | 43.40 | 45.48 | 59.70 |
| Revenue growth | +212.3% | +32.2% | -47.5% | -76.2% | -4.6% | -23.8% | - |
| EBITDA | 0.48 | 2.00 | 1.12 | 2.33 | 5.12 | 6.46 | 6.82 |
| EBITDA margin | +2.1% | +27.9% | +20.6% | +22.5% | +11.8% | +14.2% | +11.4% |
| Profit before tax | 0.55 | (1.80) | (1.24) | 1.41 | 1.88 | 2.32 | 2.11 |
| Net profit | 0.36 | (0.91) | (1.07) | (0.99) | 1.36 | 1.71 | 1.12 |
| Net profit margin | +1.6% | -12.7% | -19.7% | -9.6% | +3.1% | +3.8% | +1.9% |
| EPS (₹) | 0.24 | (0.57) | (0.07) | 0.59 | 0.91 | 1.10 | 0.72 |
| Balance sheet | |||||||
| Total assets | 99.95 | 112 | 107 | 111 | 143 | 147 | 138 |
| Net worth | 29.52 | 29.15 | 30.05 | 30.99 | 32.22 | 31.14 | 29.85 |
| Total debt | 70.28 | 84.85 | 78.45 | 79.46 | 106 | 111 | 104 |
| Cash & bank | 1.15 | 2.65 | 0.35 | 3.06 | 3.61 | 3.16 | 8.67 |
| Net working capital | 97.90 | 109 | 106 | 110 | 141 | 145 | 136 |
| Cash flow | |||||||
| Cash from operations | 10.51 | 0.80 | 0.08 | (2.91) | 8.19 | (8.95) | (13.61) |
| Cash from investing | 2.96 | (1.21) | 3.48 | 4.47 | 0.67 | 0.41 | (0.29) |
| Cash from financing | (14.96) | 2.71 | (4.24) | 0.68 | (8.41) | 3.03 | 14.58 |
| Particulars | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7.47 | 0.92 | 10.08 | 3.94 | 2.53 | 1.37 | 1.72 | 1.56 |
| Revenue growth (YoY) | +195.3% | -32.9% | +486.1% | +152.6% | +76.9% | - | - | - |
| Other income | 0.66 | 0.03 | 0.01 | 0.00 | 0.04 | 0.00 | 0.01 | 0.00 |
| EBITDA | 0.03 | 0.11 | 0.85 | (0.54) | 1.12 | 0.22 | 0.31 | 0.35 |
| EBITDA margin | +0.4% | +12.0% | +8.4% | -13.7% | +44.3% | +16.1% | +18.0% | +22.4% |
| Depreciation | 0.04 | 0.07 | 0.07 | 0.07 | 0.07 | 0.03 | 0.03 | 0.03 |
| Interest | 0.08 | 0.03 | 0.15 | 0.13 | 3.35 | 0.01 | 0.29 | 0.04 |
| Profit before tax | 0.57 | 0.04 | 0.64 | (0.74) | (2.26) | 0.18 | 0.00 | 0.28 |
| Tax | 0.11 | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 | 0.00 | 0.00 |
| Net profit | 0.46 | 0.04 | 0.64 | (0.74) | (2.29) | 0.18 | 0.00 | 0.28 |
| EPS (₹) | 0.00 | (0.07) | 0.42 | (0.05) | 0.17 | 0.11 | 0.00 | 0.19 |
| 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 | 8.27 | 4.58 | 22.21 | 6.04 | 5.43 | 1.98 | 3.52 |
| Revenue growth | +80.6% | -79.4% | +267.7% | +11.2% | +174.2% | -43.8% | - |
| EBITDA | 1.50 | (0.02) | 0.36 | 1.20 | 1.31 | 0.54 | 0.81 |
| EBITDA margin | +18.1% | -0.4% | +1.6% | +19.9% | +24.1% | +27.3% | +23.0% |
| Profit before tax | 1.19 | (0.39) | 0.44 | 0.23 | 1.81 | 2.46 | 0.48 |
| Net profit | 0.98 | (0.39) | 0.30 | 0.20 | 0.71 | 0.06 | 0.37 |
| Net profit margin | +11.9% | -8.5% | +1.4% | +3.3% | +13.1% | +3.0% | +10.5% |
| EPS (₹) | 0.63 | (0.26) | 0.20 | 0.13 | 1.01 | 1.32 | 0.23 |
| Balance sheet | |||||||
| Total assets | - | 39.58 | 34.32 | 42.12 | 41.04 | 42.57 | 38.68 |
| Net worth | - | 32.61 | 33.01 | 32.70 | 32.49 | 30.91 | 28.81 |
| Total debt | - | 6.97 | 1.31 | 9.42 | 8.55 | 11.56 | 9.77 |
| Cash & bank | - | 0.10 | 0.86 | 0.96 | 0.24 | 0.94 | 0.16 |
| Net working capital | - | 37.28 | 31.86 | 39.41 | 39.50 | 38.54 | 32.81 |
| Cash flow | |||||||
| Cash from operations | - | (6.89) | 8.04 | 1.92 | (0.80) | (5.21) | (4.83) |
| Cash from investing | - | 0.68 | 0.35 | (1.25) | 3.48 | 4.51 | 0.51 |
| Cash from financing | - | 5.45 | (8.49) | 0.05 | (3.37) | 1.49 | 3.22 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.19 | 1.35 | 0.14 | 4.13 | 2.64 | 1.11 | 0.17 | 3.12 |
| Revenue growth (YoY) | -92.8% | +21.6% | -17.7% | +32.4% | +1366.7% | - | - | - |
| Other income | 0.02 | 0.03 | 0.17 | 0.00 | 0.02 | 0.00 | 0.03 | 0.01 |
| Total expenses | 0.19 | 1.25 | 0.15 | 2.63 | 2.73 | 1.19 | 0.14 | 3.15 |
| EBITDA | 0.00 | 0.10 | (0.01) | 1.50 | (0.09) | (0.08) | 0.03 | (0.03) |
| EBITDA margin | 0.0% | +7.4% | -7.1% | +36.3% | -3.4% | -7.2% | +17.6% | -1.0% |
| Depreciation | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.09 |
| Interest | 0.00 | 0.22 | 0.03 | 0.04 | 0.04 | 0.15 | 0.04 | 0.01 |
| Profit before tax | (0.03) | (0.14) | 0.08 | 1.41 | (0.16) | (0.28) | (0.03) | (0.12) |
| Tax | 0.00 | 0.21 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Financial Statements
| Particulars | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7.47 | 0.92 | 10.08 | 3.94 | 2.53 | 1.37 | 1.72 | 1.56 |
| Revenue growth (YoY) | +195.3% | -32.9% | +486.1% | +152.6% | +76.9% | - | - | - |
| Other income | 0.66 | 0.03 | 0.01 | 0.00 | 0.04 | 0.00 | 0.01 | 0.00 |
| EBITDA | 0.03 | 0.11 | 0.85 | (0.54) | 1.12 | 0.22 | 0.31 | 0.35 |
| EBITDA margin | +0.4% | +12.0% | +8.4% | -13.7% | +44.3% | +16.1% | +18.0% | +22.4% |
| Depreciation | 0.04 | 0.07 | 0.07 | 0.07 | 0.07 | 0.03 | 0.03 | 0.03 |
| Interest | 0.08 | 0.03 | 0.15 | 0.13 | 3.35 | 0.01 | 0.29 | 0.04 |
| Profit before tax | 0.57 | 0.04 | 0.64 | (0.74) | (2.26) | 0.18 | 0.00 | 0.28 |
| Tax | 0.11 | 0.00 | 0.00 | 0.00 | 0.03 | 0.00 | 0.00 | 0.00 |
| Net profit | 0.46 | 0.04 | 0.64 | (0.74) | (2.29) | 0.18 | 0.00 | 0.28 |
| EPS (₹) | 0.00 | (0.07) | 0.42 | (0.05) | 0.17 | 0.11 | 0.00 | 0.19 |
| Particulars | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Revenue | 22.42 | 7.18 | 5.43 | 10.34 | 43.40 | 45.48 | 59.70 |
| Revenue growth | +212.3% | +32.2% | -47.5% | -76.2% | -4.6% | -23.8% | - |
| Other income | 0.70 | 0.04 | 0.99 | 2.75 | 0.59 | 0.38 | 0.44 |
| Total expenses | 21.94 | 5.18 | 4.31 | 8.01 | 38.28 | 39.02 | 52.88 |
| Employee cost | 0.19 | 0.19 | 0.26 | 0.46 | 0.85 | 1.98 | 1.93 |
| EBITDA | 0.48 | 2.00 | 1.12 | 2.33 | 5.12 | 6.46 | 6.82 |
| EBITDA margin | +2.1% | +27.9% | +20.6% | +22.5% | +11.8% | +14.2% | +11.4% |
| Depreciation | 0.24 | 0.15 | 0.11 | 0.13 | 0.26 | 0.30 | 0.31 |
| Interest | 0.39 | 3.69 | 3.24 | 3.54 | 3.57 | 4.22 | 4.84 |
| Profit before tax | 0.55 | (1.80) | (1.24) | 1.41 | 1.88 | 2.32 | 2.11 |
| Tax | 0.11 | 0.03 | 0.25 | 0.48 | 0.47 | 0.61 | 0.53 |
| Net profit | 0.36 | (0.91) | (1.07) | (0.99) | 1.36 | 1.71 | 1.12 |
| Net profit margin | +1.6% | -12.7% | -19.7% | -9.6% | +3.1% | +3.8% | +1.9% |
| EPS (₹) | 0.24 | (0.57) | (0.07) | 0.59 | 0.91 | 1.10 | 0.72 |
| Particulars | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 15.61 | 15.61 | 15.61 | 15.61 | 15.61 | 15.61 | 15.61 |
| Reserves & surplus | 13.91 | 13.54 | 14.44 | 15.38 | 16.61 | 15.53 | 14.24 |
| Shareholders' funds (net worth) | 29.52 | 29.15 | 30.05 | 30.99 | 32.22 | 31.14 | 29.85 |
| Minority interest | 0.14 | (2.51) | (1.59) | 0.95 | 4.72 | 4.32 | 3.89 |
| Secured loans | 0.61 | 0.96 | 0.10 | 0.17 | 0.86 | 6.23 | 12.59 |
| Unsecured loans | 69.67 | 83.89 | 78.35 | 79.29 | 105 | 105 | 91.77 |
| Total debt | 70.28 | 84.85 | 78.45 | 79.46 | 106 | 111 | 104 |
| Total liabilities | 99.95 | 112 | 107 | 111 | 143 | 147 | 138 |
| Assets | |||||||
| Gross block | 2.70 | 2.70 | 1.38 | 1.38 | 3.62 | 3.79 | 3.18 |
| Net block | 1.30 | 1.53 | 0.37 | 0.47 | 1.63 | 1.64 | 1.33 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.56 | 0.57 | 0.57 | 0.50 | 0.11 | 0.11 | 0.11 |
| Inventories | 122 | 138 | 140 | 136 | 260 | 278 | 286 |
| Sundry debtors | 0.23 | 0.49 | 0.21 | 0.21 | 12.98 | 24.24 | 16.40 |
| Cash & bank balances | 1.15 | 2.65 | 0.35 | 3.06 | 3.61 | 3.16 | 8.67 |
| Loans & advances | 11.26 | 5.48 | 2.49 | 7.37 | 16.01 | 18.57 | 20.49 |
| Total current assets | 135 | 147 | 143 | 147 | 293 | 324 | 332 |
| Total current liabilities | 36.82 | 37.57 | 36.91 | 36.46 | 152 | 179 | 196 |
| Net working capital | 97.90 | 109 | 106 | 110 | 141 | 145 | 136 |
| Total assets | 99.95 | 112 | 107 | 111 | 143 | 147 | 138 |
| Particulars | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|---|---|
| Opening cash | 2.65 | 0.35 | 1.03 | 0.82 | 3.16 | 8.67 | 8.00 |
| Net cash from operating activities | 10.51 | 0.80 | 0.08 | (2.91) | 8.19 | (8.95) | (13.61) |
| Net cash from investing activities | 2.96 | (1.21) | 3.48 | 4.47 | 0.67 | 0.41 | (0.29) |
| Net cash from financing activities | (14.96) | 2.71 | (4.24) | 0.68 | (8.41) | 3.03 | 14.58 |
| Net change in cash | (1.50) | 2.30 | (0.68) | 2.24 | 0.45 | (5.51) | 0.68 |
| Closing cash | 1.15 | 2.65 | 0.35 | 3.06 | 3.61 | 3.16 | 8.67 |
| Particulars | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 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 / equity | 2.64 | 2.76 | 2.59 | 2.94 | 3.44 | 3.54 | 3.23 |
| Long-term debt / equity | 1.50 | 1.62 | 2.05 | 1.94 | 1.40 | 1.24 | 0.97 |
| Interest cover | 162.50 | 199.46 | 320.79 | 160.91 | 73.46 | 68.51 | 74.35 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 8.30 | 3.52 | 3.93 | 4.14 | 11.71 | 13.05 | 20.91 |
| Inventory turnover | 0.17 | 0.05 | 0.04 | 0.05 | 0.16 | 0.16 | 0.21 |
| Debtors turnover | 62.28 | 20.51 | 25.86 | 1.57 | 2.33 | 2.24 | 4.00 |
| EPS (₹) | 0.24 | (0.57) | (0.07) | 0.59 | 0.91 | 1.10 | 0.72 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 18.91 | 18.68 | 19.25 | 19.85 | 20.64 | 19.95 | 19.12 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.19 | 1.35 | 0.14 | 4.13 | 2.64 | 1.11 | 0.17 | 3.12 |
| Revenue growth (YoY) | -92.8% | +21.6% | -17.7% | +32.4% | +1366.7% | - | - | - |
| Other income | 0.02 | 0.03 | 0.17 | 0.00 | 0.02 | 0.00 | 0.03 | 0.01 |
| Total expenses | 0.19 | 1.25 | 0.15 | 2.63 | 2.73 | 1.19 | 0.14 | 3.15 |
| EBITDA | 0.00 | 0.10 | (0.01) | 1.50 | (0.09) | (0.08) | 0.03 | (0.03) |
| EBITDA margin | 0.0% | +7.4% | -7.1% | +36.3% | -3.4% | -7.2% | +17.6% | -1.0% |
| Depreciation | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.09 |
| Interest | 0.00 | 0.22 | 0.03 | 0.04 | 0.04 | 0.15 | 0.04 | 0.01 |
| Profit before tax | (0.03) | (0.14) | 0.08 | 1.41 | (0.16) | (0.28) | (0.03) | (0.12) |
| Tax | 0.00 | 0.21 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 8.27 | 4.58 | 22.21 | 6.04 | 5.43 | 1.98 | 3.52 |
| Revenue growth | +80.6% | -79.4% | +267.7% | +11.2% | +174.2% | -43.8% | - |
| Other income | 0.22 | 0.04 | 0.69 | 0.00 | 0.98 | 2.41 | 0.00 |
| Total expenses | 6.77 | 4.60 | 21.85 | 4.84 | 4.12 | 1.44 | 2.71 |
| Employee cost | 0.00 | 0.15 | 0.18 | 0.19 | 0.18 | 0.19 | 0.34 |
| EBITDA | 1.50 | (0.02) | 0.36 | 1.20 | 1.31 | 0.54 | 0.81 |
| EBITDA margin | +18.1% | -0.4% | +1.6% | +19.9% | +24.1% | +27.3% | +23.0% |
| Depreciation | 0.20 | 0.20 | 0.23 | 0.15 | 0.11 | 0.13 | 0.13 |
| Interest | 0.33 | 0.21 | 0.38 | 0.82 | 0.37 | 0.36 | 0.20 |
| Profit before tax | 1.19 | (0.39) | 0.44 | 0.23 | 1.81 | 2.46 | 0.48 |
| Tax | 0.21 | 0.00 | 0.11 | 0.03 | 0.25 | 0.38 | 0.11 |
| Net profit | 0.98 | (0.39) | 0.30 | 0.20 | 0.71 | 0.06 | 0.37 |
| Net profit margin | +11.9% | -8.5% | +1.4% | +3.3% | +13.1% | +3.0% | +10.5% |
| EPS (₹) | 0.63 | (0.26) | 0.20 | 0.13 | 1.01 | 1.32 | 0.23 |
| 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 | - | 15.61 | 15.61 | 15.61 | 15.61 | 15.61 | 15.61 |
| Reserves & surplus | - | 17.00 | 17.40 | 17.09 | 16.88 | 15.30 | 13.20 |
| Shareholders' funds (net worth) | - | 32.61 | 33.01 | 32.70 | 32.49 | 30.91 | 28.81 |
| Secured loans | - | 0.27 | 0.61 | 0.96 | 0.10 | 0.17 | 0.35 |
| Unsecured loans | - | 6.70 | 0.70 | 8.46 | 8.45 | 11.39 | 9.42 |
| Total debt | - | 6.97 | 1.31 | 9.42 | 8.55 | 11.56 | 9.77 |
| Total liabilities | - | 39.58 | 34.32 | 42.12 | 41.04 | 42.57 | 38.68 |
| Assets | |||||||
| Gross block | - | 2.64 | 2.65 | 2.65 | 1.33 | 1.33 | 2.19 |
| Net block | - | 1.08 | 1.28 | 1.52 | 0.35 | 0.45 | 0.80 |
| Capital work in progress | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | - | 1.15 | 1.10 | 1.11 | 1.11 | 3.49 | 5.00 |
| Inventories | - | 23.15 | 18.88 | 36.70 | 39.12 | 34.59 | 26.28 |
| Sundry debtors | - | 0.03 | 0.03 | 0.03 | 0.21 | 0.21 | 0.21 |
| Cash & bank balances | - | 0.10 | 0.86 | 0.96 | 0.24 | 0.94 | 0.16 |
| Loans & advances | - | 14.13 | 13.28 | 3.83 | 1.37 | 3.43 | 6.42 |
| Total current assets | - | 37.41 | 33.05 | 41.52 | 40.94 | 39.17 | 33.07 |
| Total current liabilities | - | 0.13 | 1.19 | 2.11 | 1.44 | 0.63 | 0.26 |
| Net working capital | - | 37.28 | 31.86 | 39.41 | 39.50 | 38.54 | 32.81 |
| Total assets | - | 39.58 | 34.32 | 42.12 | 41.04 | 42.57 | 38.68 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | - | 0.86 | 0.96 | 0.24 | 0.94 | 0.16 | 1.26 |
| Net cash from operating activities | - | (6.89) | 8.04 | 1.92 | (0.80) | (5.21) | (4.83) |
| Net cash from investing activities | - | 0.68 | 0.35 | (1.25) | 3.48 | 4.51 | 0.51 |
| Net cash from financing activities | - | 5.45 | (8.49) | 0.05 | (3.37) | 1.49 | 3.22 |
| Net change in cash | - | (0.76) | (0.10) | 0.71 | (0.70) | 0.79 | (1.10) |
| Closing cash | - | 0.10 | 0.86 | 0.96 | 0.24 | 0.94 | 0.16 |
| 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 | +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 | - | 0.13 | 0.16 | 0.28 | 0.32 | 0.36 | 0.28 |
| Long-term debt / equity | - | 0.12 | 0.15 | 0.27 | 0.32 | 0.31 | 0.20 |
| Interest cover | 25.38 | -95.45 | 292.31 | 78.10 | 30.83 | 87.80 | 29.41 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 1.73 | 8.38 | 3.04 | 4.08 | 1.13 | 1.61 |
| Inventory turnover | - | 0.22 | 0.80 | 0.16 | 0.15 | 0.07 | 0.15 |
| Debtors turnover | - | 152.67 | 740.33 | 50.33 | 25.86 | 9.43 | 18.53 |
| EPS (₹) | 0.63 | (0.26) | 0.20 | 0.13 | 1.01 | 1.32 | 0.23 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 20.89 | 21.15 | 20.95 | 20.81 | 19.80 | 18.46 |
To see the full year-wise statements and ratios of Max Heights Infrastucture Limited, buy the company report.
Board of directors of Max Heights Infrastucture Limited
Max Heights Infrastucture has 5 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Naveen Narang Also directs: Max Heights Developers Private Limited, Narang Intermediaries Private Limited, Maxheights Awas Private Limited and 2 more | Managing Director | 13 Mar 2008 | 18 Years 7 Months | Current |
| Mansi Narang Also directs: Deligent Buildmart LLP | Director | 11 Feb 2015 | 11 Years 8 Months | Current |
| Gourav | Director | 24 Dec 2020 | 5 Years 10 Months | Current |
| Mandavi Also directs: Sharp Commercial Enterprises Limited | Director | 12 Sep 2024 | 2 Years 1 Months | Current |
| Konica Arora | Additional Director | 07 Jul 2026 | 0 Years 3 Months | Current |
Auditor
Max Heights Infrastucture Limited is audited by CHITRANJAN AGARWAL AND ASSOCIATES for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHITRANJAN AGARWAL AND ASSOCIATES | FY 2024 | 029812N |
Shareholding
Shareholding for the quarter ended Mar 2026: promoters hold 54.20%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 45.80%.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | |
|---|---|---|---|---|
| Promoters | 54.20% | 52.80% | 52.80% | 52.80% |
| Public | 45.80% | 47.20% | 47.20% | 47.20% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Jun 2000 | 90062017 | Punjab National Bank | ₹1.5 Lakh | Open |
Total charge records: 1 View all charges
Deals & funding
Max Heights Infrastucture Limited has 11 deals on record (11 market trades); the latest was in October 2025.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2025 | Market trade | ₹15 Lakh | Buyer: Green Peaks Enterprises LLP Seller: Green Peaks Enterprises LLP |
| Mar 2024 | Market trade | ₹1.29 Cr | Buyer: an individual Seller: Adwita Finvest Private Limited |
| Nov 2022 | Market trade | ₹44.3 Lakh | Seller: Vani Commercials Limited |
| Feb 2014 | Market trade | ₹55 Lakh | Buyer: Maxvel Awas Private Limited |
| Feb 2014 | Market trade | ₹40.4 Lakh | Buyer: Maxvel Awas Private Limited Seller: an individual |
To see the full deal history of Max Heights Infrastucture Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Max Heights Infrastucture Limited has 5 court cases on record: 3 filed by Max Heights Infrastucture, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 0 |
| District courts | 2 | 2 | 0 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South Twenty Four Parganas, West Bengal | Criminal complaint | Filed against the company by an individual | Disposed |
| Calcutta High Court | Court case (SAT) | Filed by the company against an individual | Disposed |
| Calcutta High Court | Appeal | Filed by the company against Arihant Barters P.Ltd. | Disposed |
| Calcutta High Court | Civil suit | Filed by the company against Amrita Bazar Patrika Ltd. | Disposed |
To see the full case history of Max Heights Infrastucture Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Max Heights Infrastucture Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Max Heights Infrastucture has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Icon Realcon Private Limited | U70109DL2007PTC171994 |
To see the full group structure of Max Heights Infrastucture Limited, buy the company report.
GST
Max Heights Infrastucture has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AABCR2634K1ZD | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Max Heights Infrastucture Limited, buy the company report.
Recent activity
Max Heights Infrastucture Limited has 40 board changes on record since 1981: 23 appointments and 17 cessations. The latest: Konica Arora was appointed as Additional Director on 07 Jul 2026.
32 earlier events are in the company report.
News
Frequently asked questions
Max Heights Infrastucture is an active public limited company based in New Delhi, Delhi, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 28 July 1981 (45+ years old) and is registered under CIN L67120DL1981PLC179487. Listed on BSE: 534338.
Max Heights Infrastucture reported revenue of ₹8.27 Cr for FY 2025-26 (up 80.6% YoY) based on standalone financials.
Max Heights Infrastucture has 5 current directors:
- Naveen Narang - Managing Director
- Mansi Narang - Director
- Gourav - Director
- Mandavi - Director
- Konica Arora - Additional Director
The latest financial statements of Max Heights Infrastucture on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 19 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Max Heights Infrastucture is 07AABCR2634K1ZD, registered in Delhi.
The CIN (Corporate Identification Number) of Max Heights Infrastucture is L67120DL1981PLC179487. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Max Heights Infrastucture is a listed company as per MCA records. Its shares are listed on BSE (code: 534338).
Max Heights Infrastucture has 5 court cases on record: 3 filed by the company and 2 filed against it. Most are in the high courts.
Max Heights Infrastucture was incorporated on 28 July 1981, making it 45+ years old. It is registered with the Registrar of Companies, Delhi.
Max Heights Infrastucture has 11 deals on record (11 market trades); the latest was in October 2025.

