Max Estates Limited
PosiFunda Ratios Only on PositoAI
PositoAI's own ratios from Max Estates Limited's yearly results (2023–2026), compared with Real Estate companies in India. Tap ? on any ratio for what it means.
What stands out
- Cash Locked Ratio: For every ₹100 of sales, ₹2,937 is tied up in day-to-day operations (money owed by customers + stock − money owed to suppliers), against ₹321 tied up three years earlier. More money tied up than almost all Real Estate companies in India.
- Profit Cash Ratio: Over the last 3 years, every ₹100 of reported profit came with ₹-1,075 of operating cash. Lower than 98% of Real Estate companies in India.
- Debt Due Cover Ratio: Operating cash was negative last year, while some debt falls due within a year. Lower than 97% of Real Estate companies in India.
Where ₹100 of sales goes
Latest year (Mar 2026). Taxes and other income are not shown, so the parts need not add up to 100.
Cash quality
Profit Cash Ratio
₹-1,075Over the last 3 years, every ₹100 of reported profit came with ₹-1,075 of operating cash.
Lower than 98% of Real Estate companies in India.
Self-Funding Ratio
-0.1×Over the last 3 years operating cash was negative while the company kept spending on investment (capex).
Lower than 62% of Real Estate companies in India.
Cash Locked Ratio
₹2,937For every ₹100 of sales, ₹2,937 is tied up in day-to-day operations (money owed by customers + stock − money owed to suppliers), against ₹321 tied up three years earlier.
More money tied up than almost all Real Estate companies in India.
Growth quality
Steadiness Ratio
2/3 · 1/3Sales grew in 2 of the last 3 years; profit grew in 1 of 3.
Less steady than 73% of Real Estate companies in India.
Growth Efficiency Ratio
−₹7Sales grew 86% in 3 years, but profit fell: ₹7 less profit per ₹100 of extra sales.
Lower than 84% of Real Estate companies in India.
Asset Productivity Ratio
+86% / +458%In 3 years sales changed by +86% while total assets changed by +458%. Assets grew faster than sales.
Balance-sheet strength
Debt Due Cover Ratio
-8.5×Operating cash was negative last year, while some debt falls due within a year.
Lower than 97% of Real Estate companies in India.
Cash Cushion Ratio
−16%Debt, after subtracting cash, equals 16% of its market value (net debt).
Higher than 52% of Real Estate companies in India.
Tangible Assets Ratio
100%Of every ₹100 the company owns, ₹100 is in tangible assets such as plants, cash, stock and receivables; the rest is goodwill and other intangibles.
More tangible than 61% of Real Estate companies in India.
Tangible Net Worth Ratio
100%Of every ₹100 of net worth, ₹100 is tangible; the rest is goodwill and other intangibles, often from buying other companies.
More tangible than 57% of Real Estate companies in India.
Shareholders
Standard fundamentals
P/E, P/B, ROE, debt, growth and more (14)
Max Estates Limited owes ₹0.75 for every ₹1 it owns. Net profit fell 69% in the year to Mar 2026, and shrank 13% a year on average over 3 years.
Compared with Real Estate companies in India · latest annual results Mar 2026.
P/E ratio
678.3Investors pay ₹678.3 for every ₹1 of Max Estates Limited's yearly profit, higher than almost all Real Estate companies in India.
P/B ratio
3.35The share price is 3.35 times Max Estates Limited's book value per share, higher than 72% of Real Estate companies in India.
Market cap
₹8,100 CrThe total market value of all of Max Estates Limited's shares at today's price (share price × number of shares), larger than 84% of Real Estate companies in India. PosiCap size class: Mini Cap.
Net worth (book value)
₹2,420 CrWhat Max Estates Limited would have left on paper if it sold everything it owns and paid everything it owes, from its latest balance sheet (31 Mar 2026).
Book value per share
₹147.93Net worth divided by the number of shares. The share price of ₹495.15 is 3.3 times this, which is the P/B above.
Return on equity (ROE)
0.5%Max Estates Limited earned 0.5% on its shareholders' money over the last year, lower than 80% of Real Estate companies in India.
Owes vs Owns
0.75×Max Estates Limited owes ₹0.75 for every ₹1 it owns (moderate), higher than 67% of Real Estate companies in India.
Dividend yield
NoneMax Estates Limited does not currently pay a dividend.
Revenue growth
+24%Revenue rose 24% in the year to Mar 2026, and grew 23% a year on average over 3 years.
Profit growth
-69%Net profit fell 69% in the year to Mar 2026, and shrank 13% a year on average over 3 years.
Profit margin
6.3%Max Estates Limited keeps ₹6 of every ₹100 of revenue as net profit.
Cash quality
-49.2×Cash from Max Estates Limited's business was -49.2× its reported profit in the year to Mar 2026 — the business used cash even though it reported a profit.
Interest cover
Not coveredMax Estates Limited's operating profit did not cover its interest costs in the year to Mar 2026.
Cash vs debt
Net debtMax Estates Limited had ₹1,322 Cr more debt than cash (net debt) at Mar 2026.
Questions
What is Max Estates Limited's P/E ratio?
Investors pay ₹678.3 for every ₹1 of Max Estates Limited's yearly profit, higher than almost all Real Estate companies in India.
How is P/B calculated on PositoAI?
P/B is market cap divided by net worth from the latest balance sheet. For Max Estates Limited: ₹8,100 Cr ÷ ₹2,420 Cr (31 Mar 2026) = 3.3.
What is Max Estates Limited's return on equity?
Max Estates Limited earned 0.5% on its shareholders' money over the last year, lower than 80% of Real Estate companies in India.
How much does Max Estates Limited owe compared with what it owns?
Max Estates Limited owes ₹0.75 for every ₹1 it owns (moderate), higher than 67% of Real Estate companies in India.
Does Max Estates Limited pay a dividend?
No. Max Estates Limited does not currently pay a dividend.
Is Max Estates Limited's revenue growing?
Revenue rose 24% in the year to Mar 2026, and grew 23% a year on average over 3 years.
Figures from the company's yearly results and PositoAI's own data. Full tables are on the Go Deep tab. What each figure means. PositoAI is for research and education only and is not investment advice.