Max Estates Limited
Max Estates Limited develops and constructs residential and commercial properties. The company also offers investment, facility management, managed office, and shared services. In addition, it engages in the real estate development, letting, and sub-letting; leasing, selling, and distribution of residential or commercial complex, houses, buildings, etc. The company was incorporated in 2016 and is… Read more
Max Estates Limited (MAXESTATES) - Net Assets
Latest net assets as of September 2025: ₹30.18 Billion INR
Based on the latest financial reports, Max Estates Limited (MAXESTATES) has net assets worth ₹30.18 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹101.63 Billion) and total liabilities (₹71.45 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹30.18 Billion |
| % of Total Assets | 29.69% |
| Annual Growth Rate | 32.49% |
| 5-Year Change | 47.37% |
| 10-Year Change | N/A |
| Growth Volatility | 334.22 |
Max Estates Limited - Net Assets Trend (2016–2025)
This chart illustrates how Max Estates Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Max Estates Limited (2016–2025)
The table below shows the annual net assets of Max Estates Limited from 2016 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹26.61 Billion | +83.45% |
| 2024-03-31 | ₹14.51 Billion | +15.68% |
| 2023-03-31 | ₹12.54 Billion | +94.97% |
| 2022-03-31 | ₹6.43 Billion | -64.38% |
| 2021-03-31 | ₹18.06 Billion | +989.32% |
| 2020-03-31 | ₹1.66 Billion | +32.27% |
| 2019-03-31 | ₹1.25 Billion | -69.07% |
| 2018-03-31 | ₹4.05 Billion | +500.69% |
| 2017-03-31 | ₹674.51 Million | -68.11% |
| 2016-03-31 | ₹2.12 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Max Estates Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 3566.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹6.76 Billion | 29.69% |
| Common Stock | ₹1.61 Billion | 7.07% |
| Other Comprehensive Income | ₹1.72 Billion | 7.54% |
| Other Components | ₹12.69 Billion | 55.71% |
| Total Equity | ₹22.78 Billion | 100.00% |
Max Estates Limited Competitors by Market Cap
The table below lists competitors of Max Estates Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Caribbean Utilities Company Ltd
PINK:CUPUF
|
$224.77 Million |
|
BELLUNA CO. LTD
F:73L
|
$224.84 Million |
|
Lungteh Shipbldg Co Ltd
TW:6753
|
$224.84 Million |
|
Larimar Therapeutics Inc
NASDAQ:LRMR
|
$224.89 Million |
|
Borussia Dortmund GmbH & Co KGaA
XETRA:BVB
|
$224.49 Million |
|
Reysas Tasimacilik ve Lojistik Ticaret A.S
PINK:RYSKF
|
$224.45 Million |
|
OVH Groupe S.A
PINK:OVHFF
|
$224.42 Million |
|
Jdd Tech New Mat Co Ltd
SHE:301538
|
$224.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Max Estates Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 11,708,984,000 to 22,784,666,000, a change of 11,075,682,000 (94.6%).
- Net income of 408,100,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 374,847,000.
- Other factors increased equity by 10,292,735,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹408.10 Million | +1.79% |
| Other Comprehensive Income | ₹374.85 Million | +1.65% |
| Other Changes | ₹10.29 Billion | +45.17% |
| Total Change | ₹- | 94.59% |
Book Value vs Market Value Analysis
This analysis compares Max Estates Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 3.85x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 9.72x to 3.85x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-03-31 | ₹37.55 | ₹365.00 | x |
| 2017-03-31 | ₹146.21 | ₹365.00 | x |
| 2018-03-31 | ₹218.50 | ₹365.00 | x |
| 2019-03-31 | ₹119.92 | ₹365.00 | x |
| 2020-03-31 | ₹127.75 | ₹365.00 | x |
| 2021-03-31 | ₹128.79 | ₹365.00 | x |
| 2022-03-31 | ₹41.38 | ₹365.00 | x |
| 2023-03-31 | ₹82.34 | ₹365.00 | x |
| 2024-03-31 | ₹104.14 | ₹365.00 | x |
| 2025-03-31 | ₹94.91 | ₹365.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Max Estates Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 1.79%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.35%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 3.18x
- Recent ROE (1.79%) is above the historical average (0.30%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 7.31% | 2.51% | 1.07x | 2.73x | ₹-56.43 Million |
| 2017 | -1.01% | -1.17% | 5.23x | 0.17x | ₹-908.13 Million |
| 2018 | 0.69% | 1.57% | 1.48x | 0.29x | ₹-1.52 Billion |
| 2019 | -1.62% | -3.38% | 3.35x | 0.14x | ₹-2.21 Billion |
| 2020 | 1.99% | 2.78% | 4.32x | 0.17x | ₹-1.51 Billion |
| 2021 | -4.96% | -141.55% | 0.04x | 1.00x | ₹-2.84 Billion |
| 2022 | 0.82% | 6.80% | 0.07x | 1.68x | ₹-558.88 Million |
| 2023 | 1.57% | 17.71% | 0.05x | 1.84x | ₹-1.02 Billion |
| 2024 | -3.60% | -45.36% | 0.03x | 2.65x | ₹-1.59 Billion |
| 2025 | 1.79% | 16.35% | 0.03x | 3.18x | ₹-1.87 Billion |
Industry Comparison
This section compares Max Estates Limited's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $3,404,866,418
- Average return on equity (ROE) among peers: 18.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Max Estates Limited (MAXESTATES) | ₹30.18 Billion | 7.31% | 2.37x | $224.60 Million |
| AGI Infra Limited (AGIIL) | $2.25 Billion | 23.19% | 3.81x | $32.43K |
| Ajmera Realty & Infra India Limited (AJMERA) | $5.38 Billion | 7.88% | 1.34x | $61.39 Million |
| Alembic Limited (ALEMBICLTD) | $2.31 Billion | 12.80% | 0.54x | $62.26 Million |
| Amj Land Holdings Limited (AMJLAND) | $1.15 Billion | 3.86% | 0.17x | $4.81 Million |
| Anant Raj Limited (ANANTRAJ) | $220.01 Million | 1.30% | 1.07x | $701.37 Million |
| Ansal Properties & Infrastructure Limited (ANSALAPI) | $17.89 Billion | 1.14% | 3.15x | $797.78K |
| Arihant Superstructures Limited (ARIHANTSUP) | $2.46 Billion | 12.78% | 3.20x | $37.69 Million |
| Arkade Developers Ltd (ARKADE) | $2.00 Billion | 25.34% | 1.77x | $39.44 Million |
| Art Nirman Limited (ARTNIRMAN) | $372.86 Million | 5.34% | 0.85x | $2.63 Million |
| Arvind SmartSpaces Limited (ARVSMART) | $28.40 Million | 95.23% | 13.74x | $112.65 Million |