Max Estates Ltd

Max Estates Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Max Estates Ltd

₹ 504 0.85%
22 Nov 9:39 a.m.
maxestates.in BSE: 544008 NSE: MAXESTATES
About

This is the real estate development arm of Max Group. Company is a leading Real Estate player in Delhi - NCR.[1]

Key Points

Max Group[1]
The company is a part of Max Group which has nurtured strong companies over the last 40 years like Max Life, Max asset services, Max health Insurance etc.

Website BSE NSE
  • Market Cap ₹ 8,110 Cr.
  • Current Price ₹ 504
  • High / Low ₹ 699 / 245
  • Stock P/E 31.8
  • Book Value ₹ 142
  • Dividend Yield 0.00 %
  • ROCE 1.77 %
  • ROE 1.43 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has delivered good profit growth of 23.9% CAGR over last 5 years

Cons

  • Stock is trading at 3.52 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -4.16%
  • Tax rate seems low
  • Company has a low return on equity of 1.85% over last 3 years.
  • Earnings include an other income of Rs.330 Cr.
  • Debtor days have increased from 60.5 to 137 days.
  • Working capital days have increased from 1,419 days to 2,525 days

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Realty Industry: Construction

Part of BSE Allcap BSE Consumer Discretionary BSE SmallCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
12 14 7 16 7 10 6 6 15 7
14 15 9 11 9 9 9 12 13 11
Operating Profit -1 -1 -2 5 -2 1 -3 -6 2 -3
OPM % -12% -9% -36% 33% -25% 5% -58% -96% 14% -42%
9 12 8 20 12 12 10 14 14 292
Interest 2 3 3 3 3 3 4 4 5 2
Depreciation 1 1 1 1 1 1 1 2 2 2
Profit before tax 5 7 1 20 5 8 2 3 9 285
Tax % 15% 7% 78% -9% -120% 26% -23% -34% 20% 15%
4 6 0 22 11 6 2 4 7 242
EPS in Rs 0.38 0.15 0.28 0.50 15.01
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
37 11 19 39 49 29 34
52 18 29 35 49 39 44
Operating Profit -15 -7 -11 4 0 -10 -10
OPM % -40% -63% -57% 9% 0% -34% -30%
1 2 11 10 50 47 330
Interest 5 8 12 7 11 14 14
Depreciation 0 0 1 1 5 5 7
Profit before tax -19 -12 -12 5 33 18 299
Tax % 0% 0% 0% 0% 2% -32%
-19 -12 -12 5 33 23 255
EPS in Rs 1.58 15.94
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -5%
3 Years: 16%
TTM: -14%
Compounded Profit Growth
10 Years: %
5 Years: 24%
3 Years: 51%
TTM: 545%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 65%
Return on Equity
10 Years: %
5 Years: 1%
3 Years: 2%
Last Year: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 68 78 78 78 0.00 147 161
Reserves 325 331 521 528 1,234 1,112 2,130
98 218 71 65 205 207 45
60 16 18 18 32 63 122
Total Liabilities 552 643 689 688 1,471 1,529 2,458
44 59 75 76 93 90 19
CWIP 0 0 0 0 0 0 0
Investments 320 473 497 500 1,109 1,109 1,286
188 111 116 113 269 330 1,152
Total Assets 552 643 689 688 1,471 1,529 2,458

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
9 -24 6 6 -20 -36
-352 -168 -49 4 -104 60
346 243 45 -13 125 -24
Net Cash Flow 3 51 2 -2 1 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 4 6 10 15 29 137
Inventory Days 469 1,933 754 265 62
Days Payable 363 337 167 62 313
Cash Conversion Cycle 109 1,601 597 219 -221 137
Working Capital Days 1,235 1,388 721 414 1,318 2,525
ROCE % -1% -0% 2% 3% 2%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2023Mar 2024Jun 2024Sep 2024
49.51% 49.51% 49.42% 45.26%
29.53% 27.61% 27.54% 27.55%
0.01% 0.20% 0.03% 5.72%
20.96% 22.69% 23.02% 21.47%
No. of Shareholders 24,64025,07326,30528,172

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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