# Max Estates share price today (Max Estates Ltd, NSE: MAXESTATES)

> Max Estates share price today: ₹500.10 at the NSE close on 3 November 2026, up 6.8% in a year. Max Estates (NSE: MAXESTATES) is worth ₹8,184 crore, trades at a P/E of 1,393.8 and has closed between ₹330.65 and ₹594.65 over the past 52 weeks. > Max Estates Ltd's share price has risen faster than its earnings: +6.8% in a year, against −69.6% for earnings per share. MAXESTATES · Realty - Regional · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/max-estates-ltd

Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms

## Key numbers

- Price: ₹500.10 (+6.8% in a year)
- P/E: 1,393.8× (higher than 92% of the last 3 years)
- Revenue (Jun 2026): ₹51.9 Cr (+0.9% on a year ago)
- Profit (Jun 2026): ₹8.3 Cr (−30.1% on a year ago)
- Operating margin: 15.6% (−11.4 points on a year ago)
- ROCE: 1%, FY26

The main question: the share price moved +6.8% in a year while yearly earnings per share moved −69.6%. The difference came from the market paying a higher multiple. ## What is the Max Estates share price today? Max Estates Ltd's share price was ₹500.10 at the close on 3 November 2026. It has been rising for 10 weeks. That is 6.2% above its average price over the last 200 trading days. In the last 52 weeks it traded between ₹331 and ₹595, and at that close it sat 64% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 13 weeks in a row. Over the last 3 years the share price moved +86% while the NIFTY 500 moved +27%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Max Estates this quarter? 4 points on a year earlier and highest quarterly revenue in 15 quarters. 1. Revenue up on a year earlier for 10 quarters in a row In the June 2026 quarter revenue was ₹52 crore, +0.9% on a year earlier. 2. Operating margin down 11.4 points on a year earlier 15.6% in the June 2026 quarter, from 27%. Why: Margins fell because advertising and marketing costs were higher this quarter, since it had project launches while the same quarter last year had none. Accounting rules also put selling costs in the accounts before the home sale revenue is booked. Next results: check whether marketing costs ease in a quarter with fewer launches, since management ties these costs to launch timing. From the earnings call on 17 Aug 2026. 3. Highest quarterly revenue in 15 quarters Revenue of ₹52 crore in the June 2026 quarter is the highest of the last 15 quarters. ## What are Max Estates' latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Max Estates reported revenue of ₹51.9 crore, up 0.9% from ₹51.5 crore a year earlier, and a profit of ₹8.35 crore, down 30.1% from ₹11.9 crore. ### Max Estates results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹51.9 crore | ₹51.5 crore | +0.9% |
| Profit | ₹8.35 crore | ₹11.9 crore | −30.1% |
| Earnings per share | ₹0.29 | ₹0.71 | −59.2% |
| Operating margin | 15.6% | 27.0% | −11.4 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Max Estates' management discussed these results on a call held on 17 August 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the Max Estates share price history? Max Estates closed at ₹500.10 on 3 November 2026, up 6.8% from ₹468.40 a year earlier (31 October 2025) and up 86.1% over three years. Its highest weekly close since November 2023 was ₹675.15 on 30 August 2024. ### Max Estates share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹471.00 | +6.2% |
| 1 month ago · 1 Oct 2026 | ₹566.25 | −11.7% |
| 6 months ago · 30 Apr 2026 | ₹391.30 | +27.8% |
| 1 year ago · 31 Oct 2025 | ₹468.40 | +6.8% |
| 3 years ago · 3 Nov 2023 | ₹268.75 | +86.1% |
| Earliest weekly close in our records · 3 Nov 2023 | ₹268.75 | +86.1% |
| Highest weekly close since November 2023 · 30 Aug 2024 | ₹675.15 | −25.9% |
| Lowest weekly close since November 2023 · 15 Mar 2024 | ₹253.65 | +97.2% |
| 52-week high (weekly close) · 25 Sep 2026 | ₹594.65 | −15.9% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹330.65 | +51.2% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (162 weekly closes from 3 November 2023 to 3 November 2026.)

## What is the latest news on Max Estates? 3 Nov 2026: Max Estates closed at ₹500.10, up 6.2% on the week and down 11.7% on the month. 17 Aug 2026: Max Estates held its results call for April to June 2026. Management guided: FY27 collections ₹2,500-2,700 crore and surplus operating cash flow ₹750-1,000 crore for business development. ### Earlier

- Results for April to June 2026: Revenue up 0.9% and profit down 30.1% on a year earlier. ## What dividend does Max Estates pay? Max Estates has paid no dividend on the NSE since its first NSE close in our records (3 November 2023), the start of the period we checked. No. Max Estates Ltd paid out 0% of its profit as dividends in each of its last 5 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Max Estates management say on the latest results call? On the call for April to June 2026, held on 17 August 2026, Max Estates' management guided: FY27 collections ₹2,500-2,700 crore and surplus operating cash flow ₹750-1,000 crore for business development. > “We expect our collections to be in the range of 2,500-2,700 crores in the current year.”
> Nitin Pansari, on the call for April to June 2026

### What management guided

- Residential pipeline approximately ₹16,100 crore, including ₹4,000 crore launched inventory and approximately ₹12,000 crore new projects; annual additions goal 2 million square feet. - Second-half FY27 new residential launches ₹5,000-5,500 crore plus ₹3,000-4,000 crore sustenance inventory. - Sector 59 launch with GDV above ₹3,500 crore. - Max Square 2 OC July to September 2027 and Max District OCs across October to December 2027-October to December 2028; annuity additions ₹125 crore and ₹200 crore. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/57689/Conference Call/CC-Aug26.pdf). (From the call for April to June 2026, 17 August 2026.)

## What to watch in Max Estates' next results? When Max Estates reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Q2 residential pre-sales and collections - check launch execution and customer payment conversion against the FY27 frameworks. - What to check (from the call)
- Q2 residential pre-sales and collections - check launch execution and customer payment conversion against the FY27 frameworks. - Sector 59 launch readiness - check timing, launch format and early absorption. - Max Square 2 and Max District construction and pre-leasing - check LOI conversion, occupancy progress and rental premiums. - Net debt trajectory during commercial construction - check funding drawdown against collections and operating cash flow. ## Which stock lists is Max Estates on? Max Estates is on one of our India lists: Real estate, REIT & cement. [Real estate, REIT & cement Group on the list: Home and office developers](https://www.sectoralpha.in/sectors/real-estate-stocks-india)

## Is Max Estates profitable? Max Estates Ltd earned ₹8.3 Cr of net profit in the Jun 2026 quarter, −30.1% on the same quarter a year earlier. Full-year FY26 profit was ₹16.0 Cr. Over 4 years profit has grown 33.7% a year on average. That is 16.1% of the quarter's revenue. The same quarter a year earlier earned ₹11.9 Cr. 6 of the last 12 reported quarters were loss-making. For the full year, FY26 profit was ₹16.0 Cr (−38.5% on the year before). Why profit moved: revenue changed +0.9% on a year earlier and the margin moved −11.4 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed −86.4% and revenue +17.7%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Max Estates make, and is it growing? Max Estates Ltd reported ₹51.9 Cr of revenue in the Jun 2026 quarter, +0.9% on the same quarter a year earlier. That is the 10th quarter in a row with growth on the year before. Over 4 years it has grown 30.3% a year on average. The last full year, FY26, came in at ₹199 Cr. The last four reported quarters add to ₹200 Cr. FY26 revenue was ₹199 Cr, +24.4% on the year before. Recent pace: the last four quarters grew +17.7% on average, against 30.3% a year over the longer run, so this year is growing slower than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +16.6%, against +31.7% a year over the last 8 quarters (rolling over). ## How much of every ₹100 of sales does Max Estates keep? Max Estates Ltd's operating margin was 15.6% in the Jun 2026 quarter, 11.4 percentage points lower than the same quarter a year ago. Across 5 years it has been between 12.0% and 44.0%. The latest quarter is within that range. Why the margin moved: operating margin changed −11.4 percentage points on the year while gross margin changed +7.5 points. So the drop came mostly from the gross margin, which means input costs and prices charged. ## Is Max Estates' profit turning into cash? Over the last 3 years Max Estates Ltd's operations used more cash than they brought in, so cash conversion was −1,412%, a gap worth watching. In FY26 its operations used ₹616 Cr of cash, against ₹16.0 Cr of profit. After ₹508 Cr of spending on assets, free cash was −₹1,124 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Max Estates' cash go? Max Estates Ltd's customer, stock and supplier day counts come out in the thousands of days on sales this small (₹199 Cr in FY26), so no cash-cycle chart is drawn and this section looks at its spending on assets instead. It spent ₹1,187 Cr on assets over the last 3 years. Averaged over those years that is 198.8% of FY26 revenue a year. Spending on assets: ₹1,187 Cr over the last 3 years, against ₹91.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹0.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Max Estates' P/E ratio, and how does it compare with its own history? Max Estates Ltd's P/E is 1,393.8×, near the high end of its own history: higher than 92% of past readings. Its usual P/E (the middle reading) is 233.2×, over 3 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved −69.6% while the price moved +6.8%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 3 years the price moved +23.0% a year; about −33.6% a year came from earnings growth and about +56.6 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. The PEG ratio and its quarterly curve, which only the second data source has, are not shown on this page: its two data sources disagree by up to 220% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Is the Max Estates business getting better or worse? Max Estates Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 8 quarters of 2 measures, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## How much does Max Estates earn on its capital? Max Estates Ltd earned a ROCE of 1% in FY26. That is up from a low of 0% in FY24. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 8.0% net margin and 0.02× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 8.0% net margin × 0.02× asset turnover × 5.13× leverage (assets divided by equity) ≈ 0.8% on equity. The margin does its share; borrowing is a big part of it. The quarterly return lines and the return-on-capital-used (ROIC) line, which only the second data source has, are not shown on this page: its two data sources disagree by up to 220% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Does Max Estates have too much debt? Max Estates Ltd had ₹2,412 Cr of borrowings against ₹2,419 Cr of equity in FY26, so its debt is 1.00× its equity. Its operating profit is 0 times its interest bill. Over 4 years borrowings went from ₹315 Cr to ₹2,412 Cr. Over the last 3 of those years it spent ₹1,187 Cr on assets. Part of the spending on assets is being paid for with borrowed money. The total-debt and debt-to-equity series, which only the second data source has, are not shown on this page: its two data sources disagree by up to 220% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## What is the Max Estates shareholding pattern? Domestic institutions raised their stake in Max Estates Ltd by 3.0 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 8.7% of the company. Foreign institutions moved −1.2 points over the same period, to 26.3%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: +3.0 points over 8 quarters, to 8.7%; Foreign institutions: −1.2 points over 8 quarters, to 26.3%; Promoters: +0.0 points over 8 quarters, to 45.2%. Why the owners changed: domestic institutions drove it (+3.0 points), with the other side taken by foreign institutions (−1.2 points). They raised their stake step by step. ## How far is Max Estates from balance-sheet trouble? For Max Estates Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Max Estates rank in its industry? 34.3 out of 100, rank 8 of 8 in Realty - Regional, with 56% of the evidence available. Max Estates Ltd scores 34.3 out of 100 against the 8 companies it is compared with in Realty - Regional, ranking 8. Some evidence is missing, so the score is pulled toward the middle on purpose. The four parts add up to the total exactly: 8.6 + 5.2 + 8.5 + 12 = 34.3. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Max Estates compared with? Max Estates ranks 8 of 8 Realty - Regional companies on the 4-Factor Sector Score, with 34.3 out of 100. 1. [Raymond Realty Ltd](https://www.sectoralpha.in/stocks/raymond-realty-ltd) RAYMONDREL · quiet · Most evidence points up · 68% evidence 68.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.3/35 · Revenue 100% · Profit 100% · Operating margin change 1 points · 100% evidence Capital efficiency 16.9/25 · ROCE 29.6% · Operating margin 14% · 100% evidence Valuation 11.5/20 · P/E 11.5× · PEG n/a · 15% evidence Relative strength 10.1/20 · Lead over its industry n/a · Lead over NIFTY 500 -0.6% · 1 year -17.5% · 25% evidence · 1 of 12 weeks ahead Exact sum: 30.3 + 16.9 + 11.5 + 10.1 = 68.8 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [India Homes Ltd](https://www.sectoralpha.in/stocks/india-homes-ltd) ISIBARS · breaking out · Too little evidence to rank firmly · 60% evidence 65.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.3/35 · Revenue 100% · Profit 100% · Operating margin change 11094.8 points · 62% evidence Capital efficiency 12.9/25 · ROCE 17.5% · Operating margin n/a · 61% evidence Valuation 9.0/20 · P/E 61× · PEG n/a · 15% evidence Relative strength 18.7/20 · Lead over its industry 37.7% · Lead over NIFTY 500 41.6% · 1 year 105.9% · 100% evidence · 12 of 12 weeks ahead Exact sum: 25.3 + 12.9 + 9 + 18.7 = 65.9 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 3. [Oberoi Realty Ltd](https://www.sectoralpha.in/stocks/oberoi-realty-ltd) OBEROIRLTY · quiet · Evidence leans up · 100% evidence 57.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.1/35 · Revenue 16.6% · Profit 17.9% · Operating margin change 4 points · 100% evidence Capital efficiency 18.8/25 · ROCE 17.3% · Operating margin 61% · 100% evidence Valuation 7.9/20 · P/E 22.6× · PEG 2.58 · 100% evidence Relative strength 6.6/20 · Lead over its industry -1.7% · Lead over NIFTY 500 2.6% · 1 year -7.4% · 100% evidence · 7 of 12 weeks ahead Exact sum: 24.1 + 18.8 + 7.9 + 6.6 = 57.4 · What this means: Earnings are strong; relative strength in its sector is -1.7% and the one-year return is -7.4%. 4. [TARC Ltd](https://www.sectoralpha.in/stocks/tarc-ltd) TARC · quiet · Evidence leans up · 61% evidence 50.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.1/35 · Revenue 100% · Profit 91.8% · Operating margin change 178 points · 88% evidence Capital efficiency 6.1/25 · ROCE 5.8% · Operating margin 19% · 100% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 8.0/20 · Lead over its industry n/a · Lead over NIFTY 500 -14.9% · 1 year -31.1% · 25% evidence · 5 of 12 weeks ahead Exact sum: 26.1 + 6.1 + 10 + 8 = 50.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Marathon Nextgen Realty Ltd](https://www.sectoralpha.in/stocks/marathon-nextgen-realty-ltd) MARATHON · turning · Evidence leans down · 100% evidence 44.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.1/35 · Revenue 6.8% · Profit -24.1% · Operating margin change -1 points · 100% evidence Capital efficiency 9.8/25 · ROCE 7.6% · Operating margin 35% · 100% evidence Valuation 15.9/20 · P/E 14.6× · PEG 0.73 · 100% evidence Relative strength 6.9/20 · Lead over its industry -17.8% · Lead over NIFTY 500 -13.4% · 1 year -38.5% · 100% evidence · 4 of 12 weeks ahead Exact sum: 12.1 + 9.8 + 15.9 + 6.9 = 44.7 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 6. [Arkade Developers Ltd](https://www.sectoralpha.in/stocks/arkade-developers-ltd) ARKADE · quiet · Evidence leans down · 68% evidence 42.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 4.7/35 · Revenue -11.9% · Profit -80% · Operating margin change 0 points · 100% evidence Capital efficiency 17.8/25 · ROCE 18.9% · Operating margin 24% · 100% evidence Valuation 11.0/20 · P/E 12.7× · PEG n/a · 15% evidence Relative strength 8.9/20 · Lead over its industry n/a · Lead over NIFTY 500 -10.3% · 1 year -38.6% · 25% evidence · 7 of 12 weeks ahead Exact sum: 4.7 + 17.8 + 11 + 8.9 = 42.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Arihant Superstructures Ltd](https://www.sectoralpha.in/stocks/arihant-superstructures-ltd) ARIHANTSUP · quiet · Evidence leans down · 63% evidence 39.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.0/35 · Revenue 4.7% · Profit -41.8% · Operating margin change -9.6 points · 83% evidence Capital efficiency 12.1/25 · ROCE 10.6% · Operating margin 20.9% · 76% evidence Valuation 8.4/20 · P/E 22.4× · PEG n/a · 50% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -19.4% · 1 year -50.6% · 25% evidence · 0 of 12 weeks ahead Exact sum: 11 + 12.1 + 8.4 + 7.5 = 39 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 8. Max Estates Ltd this page MAXESTATES · breaking out · Too little evidence to rank firmly · 56% evidence 34.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 8.6/35 · Revenue 16.6% · Profit -70% · Operating margin change -11.4 points · 83% evidence Capital efficiency 5.2/25 · ROCE 1.4% · Operating margin 15.6% · 76% evidence Valuation 8.5/20 · P/E 1413× · PEG n/a · 15% evidence Relative strength 12.0/20 · Lead over its industry n/a · Lead over NIFTY 500 20.3% · 1 year 8.3% · 25% evidence · 12 of 12 weeks ahead Exact sum: 8.6 + 5.2 + 8.5 + 12 = 34.3 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Realty - Regional](https://www.sectoralpha.in/sectors/realty-regional), all 8 compared on one page. ## Which companies are close to Max Estates in size? Max Estates is the 2nd largest of 8 Realty - Regional companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Oberoi Realty. Just below it: Raymond Realty, TARC, Marathon Nextgen Realty, Arkade Developers and India Homes. ### Realty - Regional companies close in size

1. [Oberoi Realty Ltd](https://www.sectoralpha.in/stocks/oberoi-realty-ltd) ₹59,867 crore
2. Max Estates Ltd ₹8,297 crore
3. [Raymond Realty Ltd](https://www.sectoralpha.in/stocks/raymond-realty-ltd) ₹3,394 crore
4. [TARC Ltd](https://www.sectoralpha.in/stocks/tarc-ltd) ₹3,238 crore
5. [Marathon Nextgen Realty Ltd](https://www.sectoralpha.in/stocks/marathon-nextgen-realty-ltd) ₹2,517 crore
6. [Arkade Developers Ltd](https://www.sectoralpha.in/stocks/arkade-developers-ltd) ₹1,988 crore
7. [India Homes Ltd](https://www.sectoralpha.in/stocks/india-homes-ltd) ₹1,032 crore

[All 8 Realty - Regional companies, largest first](https://www.sectoralpha.in/sectors/realty-regional#all-companies)

### Companies close in size in other industries

1. [Genus Power Infrastructures Ltd](https://www.sectoralpha.in/stocks/genus-power-infrastructures-ltd) ₹8,321 crore · Electronics - Equipment/Components
2. [Tanla Platforms Ltd](https://www.sectoralpha.in/stocks/tanla-platforms-ltd) ₹8,318 crore · IT - Software
3. Max Estates Ltd ₹8,297 crore
4. [Omnitech Engineering Ltd](https://www.sectoralpha.in/stocks/omnitech-engineering-ltd) ₹8,255 crore · Engineering - Light - General
5. [Brainbees Solutions Ltd](https://www.sectoralpha.in/stocks/brainbees-solutions-ltd) ₹8,236 crore · New age - Platform - E-Retail

## What else do people ask about Max Estates? ### What is Max Estates's share price today? Max Estates Ltd's share price is ₹500.10, +6.8% over the past year. The whole company is worth ₹8,184 Cr on the market. In the last 52 weeks it traded between ₹331 to ₹595; today it is 64% of the way up from the low, 6.2% above its 200-day average (as of 3 November 2026). ### What were Max Estates's latest quarterly results? Max Estates Ltd reported revenue of ₹51.9 Cr and net profit of ₹8.3 Cr for the Jun 2026 quarter. Revenue rose 0.9% and profit fell 30.1% compared with a year earlier. Earnings per share were ₹0.29. The operating margin was 15.6%, 11.4 percentage points lower than a year earlier (as of 3 November 2026). ### What is Max Estates's market cap? Max Estates Ltd's market capitalisation is ₹8,184 Cr at a share price of ₹500.10. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Max Estates performing? Max Estates Ltd's share price has been rising for 10 weeks. In its latest quarter, revenue rose 0.9% and profit fell 30.1% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 13 weeks running (as of 3 November 2026). ### Will Max Estates's share price go up? This page does not forecast Max Estates Ltd's share price. What it shows instead: the share price is ₹500.10, and it has been rising for 10 weeks. Its P/E of 1,393.8× is higher than 92% of its own last 3 years (as of 3 November 2026). ### Who owns Max Estates? Promoters own 45.2% of Max Estates Ltd, foreign institutions 26.3%, domestic institutions 8.7% and the public 19.7% (latest quarter). The biggest change over the last two years: Domestic institutions raised their stake by 3.0 percentage points over 8 quarters (as of 3 November 2026). ### Where is Max Estates in its business cycle? Max Estates Ltd's FY26 operating margin was 12.0%, against a 5-year range of 12.0% to 44.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 15.6%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Max Estates story? The main question: the share price moved +6.8% in a year while yearly earnings per share moved −69.6%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Max Estates a stock worth studying right now? What the numbers show: Max Estates Ltd's share price has risen faster than its earnings: +6.8% in a year, against −69.6% for earnings per share. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Max Estates share price forecast for 2026? What management itself guided: FY27 collections ₹2,500-2,700 crore and surplus operating cash flow ₹750-1,000 crore for business development. ## Lists

- Real estate, REIT & cement: https://www.sectoralpha.in/sectors/real-estate-stocks-india

This is research, not advice. We’re not SEBI-registered.