Max Estates Limited (MAXESTATES) - Net Assets
Based on the latest financial reports, Max Estates Limited (MAXESTATES) has net assets worth Rs30.18 Billion INR (≈ $326.36 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs101.63 Billion ≈ $1.10 Billion USD) and total liabilities (Rs71.45 Billion ≈ $772.73 Million USD). 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. Check how resilient are Max Estates Limited's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs30.18 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. Also explore Max Estates Limited (MAXESTATES) total assets for the complete picture of this company's asset base.
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. For live valuation and market cap data, see market value of Max Estates Limited.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs26.61 Billion ≈ $287.77 Million |
+83.45% |
| 2024-03-31 | Rs14.51 Billion ≈ $156.87 Million |
+15.68% |
| 2023-03-31 | Rs12.54 Billion ≈ $135.60 Million |
+94.97% |
| 2022-03-31 | Rs6.43 Billion ≈ $69.55 Million |
-64.38% |
| 2021-03-31 | Rs18.06 Billion ≈ $195.26 Million |
+989.32% |
| 2020-03-31 | Rs1.66 Billion ≈ $17.93 Million |
+32.27% |
| 2019-03-31 | Rs1.25 Billion ≈ $13.55 Million |
-69.07% |
| 2018-03-31 | Rs4.05 Billion ≈ $43.82 Million |
+500.69% |
| 2017-03-31 | Rs674.51 Million ≈ $7.29 Million |
-68.11% |
| 2016-03-31 | Rs2.12 Billion ≈ $22.87 Million |
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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 | Rs6.76 Billion | 29.69% |
| Common Stock | Rs1.61 Billion | 7.07% |
| Other Comprehensive Income | Rs1.72 Billion | 7.54% |
| Other Components | Rs12.69 Billion | 55.71% |
| Total Equity | Rs22.78 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 |
|---|---|
|
ShaoYang Victor Hydraulics Co.Ltd
SHE:301079
|
$691.96 Million |
|
Paras Defence and Space Technologies Limited
NSE:PARAS
|
$692.21 Million |
|
Thunder Tiger Corp
TW:8033
|
$692.45 Million |
|
Xiamen Hexing Packaging Printing Co Ltd
SHE:002228
|
$692.47 Million |
|
Cannae Holdings Inc
NYSE:CNNE
|
$691.40 Million |
|
Jinxiandai Information Industry Co
SHE:300830
|
$691.29 Million |
|
Shandong Binzhou Bohai Piston Co Ltd
SHG:600960
|
$691.28 Million |
|
Guangzhou Haoyang Electronic Co Ltd
SHE:300833
|
$690.78 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.
- New share issuances of 8,384,425,000 increased equity.
- Other comprehensive income increased equity by 374,847,000.
- Other factors increased equity by 1,908,310,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs408.10 Million | +1.79% |
| Share Issuances | Rs8.38 Billion | +36.8% |
| Other Comprehensive Income | Rs374.85 Million | +1.65% |
| Other Changes | Rs1.91 Billion | +8.38% |
| Total Change | Rs- | 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: 4.12x
- 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 10.42x to 4.12x 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 | Rs37.55 | Rs391.30 | x |
| 2017-03-31 | Rs146.21 | Rs391.30 | x |
| 2018-03-31 | Rs218.50 | Rs391.30 | x |
| 2019-03-31 | Rs119.92 | Rs391.30 | x |
| 2020-03-31 | Rs127.75 | Rs391.30 | x |
| 2021-03-31 | Rs128.79 | Rs391.30 | x |
| 2022-03-31 | Rs41.38 | Rs391.30 | x |
| 2023-03-31 | Rs82.34 | Rs391.30 | x |
| 2024-03-31 | Rs104.14 | Rs391.30 | x |
| 2025-03-31 | Rs94.91 | Rs391.30 | 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 | Rs-56.43 Million |
| 2017 | -1.01% | -1.17% | 5.23x | 0.17x | Rs-908.13 Million |
| 2018 | 0.69% | 1.57% | 1.48x | 0.29x | Rs-1.52 Billion |
| 2019 | -1.62% | -3.38% | 3.35x | 0.14x | Rs-2.21 Billion |
| 2020 | 1.99% | 2.78% | 4.32x | 0.17x | Rs-1.51 Billion |
| 2021 | -4.96% | -141.55% | 0.04x | 1.00x | Rs-2.84 Billion |
| 2022 | 0.82% | 6.80% | 0.07x | 1.68x | Rs-558.88 Million |
| 2023 | 1.57% | 17.71% | 0.05x | 1.84x | Rs-1.02 Billion |
| 2024 | -3.60% | -45.36% | 0.03x | 2.65x | Rs-1.59 Billion |
| 2025 | 1.79% | 16.35% | 0.03x | 3.18x | Rs-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: $6,311,605,979
- Average return on equity (ROE) among peers: 3.74%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Max Estates Limited (MAXESTATES) | Rs30.18 Billion | 7.31% | 2.37x | $691.68 Million |
| Ajmera Realty & Infra India Limited (AJMERA) | $13.23 Billion | 9.52% | 0.70x | $264.54 Million |
| Amj Land Holdings Limited (AMJLAND) | $1.15 Billion | 6.52% | 1.03x | $17.89 Million |
| Ansal Properties & Infrastructure Limited (ANSALAPI) | $2.63 Billion | -53.33% | 31.00x | $6.43 Million |
| Arihant Superstructures Limited (ARIHANTSUP) | $3.18 Billion | 23.52% | 2.76x | $129.05 Million |
| Arkade Developers Ltd (ARKADE) | $3.24 Billion | 37.99% | 0.78x | $236.65 Million |
| Art Nirman Limited (ARTNIRMAN) | $449.80 Million | 1.82% | 2.07x | $12.02 Million |
| Arvind SmartSpaces Limited (ARVSMART) | $2.65 Billion | 11.57% | 1.93x | $306.52 Million |
| Ashiana Housing Limited (ASHIANA) | $7.60 Billion | 3.67% | 1.90x | $372.51 Million |
| Ashima Limited (ASHIMASYN) | $2.21 Billion | -1.53% | 0.34x | $33.08 Million |
| Valor Estate Limited (DBREALTY) | $26.78 Billion | -2.31% | 1.43x | $607.53 Million |
About 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