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Max Estates Limited (MAXESTATES)

Small Cap

Real Estate stocks · Small cap · NSE

Max Estates Limited operates in Real Estate Development, within the Real Estate sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.

₹542.1
+11.40 · +2.15%
Quote04 Sept, 03:52 pm IST
Fundamentals05 Sept 2026 · screener
Score05 Sept, 10:20 pm IST · v4.3-runtime-valuation
Tags03 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Real Estate P/E 23.9 (n=72)
Data confidence
Fresh enough for analysis
Investor decision lenses

One read, four checks

75+ is strong, 60-74 is usable, 45-59 is mixed, and below 45 needs caution. These are research lenses, not buy/sell instructions.

Weak fundamentals, while price trend supports entry. This looks more like momentum/speculation than a clean fundamental investment setup.

Suggested next step
Verify management risk first
Do not let cheap valuation override weak Trust or governance evidence.
Weak U-Score but strong trend: momentum may be ahead of fundamentals.
U-Score
OVERVALUED
13

Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.

Trust
Low Trust
39

low confidence · 0/0 claims checked

Technical
Strong Bull
85

Timing lens: price trend and sector relative strength.

Result consistency
weak
43

Rolling lens: recent quarterly delivery, not the latest single-result score.

Latest result

Quarter ended 30 Jun 2026

Bad · 0/100

PAT -30% YoY · margin compression · Rev +1% YoY · +5% QoQ

Filed 14 Aug 2026
Open results browser →
MetricThis quarterYoYQoQ
Revenue₹51.9 Cr+0.8%+5.0%
EBITDA₹8.1 Cr-41.6%+353.8%
Operating margin15.6%-1139 bps+2211 bps
PAT₹8.4 Cr-30.1%NDF
PAT margin16.1%-711 bps+2434 bps

NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.

Business & thesis

Growth engines, tailwinds/headwinds, and risk radar from management commentary

Business and thesis

Issuer presentation review pending

Max Estates Limited operates in Real Estate Development, within the Real Estate sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.

Management accountability

What management said, and what results must prove

Technical timing lens

Trend score and candlestick chart

85Strong Bull

full bull SMA stack · SMA20 +23.6% / mo · MACD + · near 52W high

Stock trend: 85
Sector RS:

Technical chart

MAXESTATESdaily · 1Y · AUTO+35.9%
Latest close ₹542.10 on 2026-09-04
Bar
+1.3%
RSI
66
MACD hist
0.31
52W pos
87%
2026-09-04O ₹535.00H ₹546.85L ₹529.00C ₹542.10Vol 1.1L sh
₹291.77₹367.00₹442.23₹517.45₹592.6852H52L542.102026-032026-06VolRSIMACD2026-032026-042026-062026-072026-09
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal

Daily technical trend read

Mixed signals

Signals are conflicting — long-term uptrend intact. RSI 66. Wait for confirmation.

  • Price > SMA20 > SMA50 > SMA200 — full bullish stack.
  • SMA20 rising (~19.1% over last month) — short-term momentum positive.
  • RSI(14) at 66 — falling, no extreme reading.
  • MACD above signal but histogram contracting — bullish momentum cooling.
  • 6% off 52W high · 77% above 52W low.

Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.

Valuation & score drivers

U-Score 13 · OVERVALUED · pillar breakdown, sector model, fair-value anchor

13U-SCORE
Distress Watch

Fundamental score breakdown

OVERVALUED
Valuation0/30
Growth13/25
Quality0/20
Balance Sheet0/15
Cash Flow0/10
Piotroski
4/9 (+1)
Penalties
-1
Raw sum
13

Why this score?

Top U-Score contributors and drags from the latest stored fundamentals.

13/100 · OVERVALUED

Positive drivers

  • Growth contributes 13/25 to the score.
  • Valuation contributes 0/30 to the score.
  • Quality contributes 0/20 to the score.

Main drags

  • Altman Z is 0.9, in distress territory.
  • Penalty bucket subtracts 1 points.
  • Fair-value margin of safety is negative at -4108.6%.
Sector valuation model

Real estate valuation: NAV, pre-sales, debt, and inventory quality

Real estate valuation depends more on project economics and balance sheet than simple PE.

Real Estate NAV
Primary lens
NAV and market cap versus project pipeline and pre-sales.
Secondary checks
Inventory age, net debt, collections, execution record.
Main risk check
Book value can overstate value if inventory is slow or debt is high.
PE
1511.0
PB
3.7
EV/EBITDA
225.6
ROE
-1.3%
ROCE
1.4%
FCF Yield
Debt/Equity
1.0
MoS
-4108.6%
Score movement

Stored run vs live recompute

This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.

Stored run: 05 Sept 2026
v4.3-runtime-valuation
Final score
13
Previous: 13
Verdict
OVERVALUED
Previous: OVERVALUED
Margin of safety
-4108.6%
Previous: -4108.6%

Score history

12 stored score snapshots. Latest stored move: +0 points.

05 Sept 2026
v4.3-runtime-valuation
10
10
14
14
14
14
13
13
13
13
13
13

Factor attribution

No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.

Modelled fair value

Graham Number
₹34.62
-1465.7% MoS
Growth-justified P/E
35.8
Growth-justified Value
₹12.88
-4108.6% MoS
PEG
61.75

Trust score

Does management behaviour match later outcomes? Claim delivery, forensic breakdown, evidence depth

Trust Score
39Low Trust · low confidenceTrust Lite

Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.

Low Trust: Claim history is still being built. It ranks around the 1st percentile of the scored universe and 2nd percentile within Real Estate. Main check: balance sheet trust is weak at 21/100.

Low Trust Lite: Promoter pledge is zero. Key concern: Operating cash flow is negative at ₹-616 Cr.

Computed 05 Sept 2026
management-trust-v1
54 docs text-extracted · 22 concalls text-extracted
Score band
Low Trust

Avoid relying on management narrative unless turnaround evidence is hard and recent.

Relative rank
1st percentile

overall median 67 · Real Estate: 2nd pctile, median 61 · Small: 1st pctile, median 66

Evidence depth
Financial-only

54 documents have extracted text, but claim history is not strong enough yet.

Claim delivery
Outcome history still building

0 claims extracted · No contradicted claim yet

How to read this Trust Score

Low Trust · low confidence
What it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Do not rely on management narrative unless hard turnaround evidence is visible.

Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.

Forensic breakdown

Read low sub-scores as due-diligence warnings, not automatic sell signals.

Promoter
78
strong · holding, pledge, alignment
Cash flow
28
weak · profit to cash conversion
Balance sheet
21
weak · leverage and solvency
Discipline
28
weak · capital discipline
Results
43
weak · quarterly consistency

Trust positives

  • Promoter pledge is zero.
  • 4/4 latest quarters had positive YoY revenue growth.

Trust risks

  • Operating cash flow is negative at ₹-616 Cr.
  • Altman Z is 0.88.
  • 3 latest quarters had PAT decline worse than 25% YoY.
  • Only 0 years of positive FCF.

Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.

Financials

Full fundamentals table and 10-year revenue / profit / ROE history

Fundamentals

Valuation

P/E
1511.00
P/B
3.66
EV/EBITDA
225.58
Market Cap
8867.00Cr

Profitability

ROE
-1.27%
ROCE
1.40%
ROA
0.10%
Dividend Y

Growth (CAGR)

Revenue 5Y
23.72%
EPS 5Y
24.47%
Revenue 3Y
23.00%
EPS 3Y
-1.00%

Balance Sheet

Debt/Equity
1.00
Interest Coverage
0.28×
Altman Z
0.88
Book Value
148.00

Cash Flow

FCF Yield
FCF Positive Y
0/5
OCF
-616.00 Cr
EPS TTM
0.36

Shareholding

Promoter Hold
45.25%
Promoter Pledge
0.00%
Momentum 52W
86%

Financial History

Updated 5/9/2026

Revenue

₹ Cr
Latest: 199+24.4% vs prev
0199.0Mar 2022: 69.0Mar 2023: 107Mar 2024: 93.0Mar 2025: 160Mar 2026: 199FY22FY23FY24FY25FY26

Net Profit

₹ Cr
Latest: 16.0-38.5% vs prev
-55.0026.0Mar 2022: 5.0Mar 2023: 18.0Mar 2024: -55.0Mar 2025: 26.0Mar 2026: 16.0FY22FY23FY24FY25FY26

Return on Equity

%
Latest: 0.7-42.1% vs prev
-4.701.5Mar 2022: 0.8%Mar 2023: 1.5%Mar 2024: -4.7%Mar 2025: 1.1%Mar 2026: 0.7%FY22FY23FY24FY25FY26

Peers

Business-comparable names in Real Estate, ranked by similarity

Verify on:NSE India ↗
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.