Max Estates Limited (MAXESTATES) - Net Assets
Based on the latest financial reports, Max Estates Limited (MAXESTATES) has net assets worth Rs31.61 Billion INR (≈ $341.87 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs124.37 Billion ≈ $1.35 Billion USD) and total liabilities (Rs92.76 Billion ≈ $1.00 Billion 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. See debt-free asset ratio of Max Estates Limited to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs31.61 Billion |
| % of Total Assets | 25.42% |
| Annual Growth Rate | 31.06% |
| 5-Year Change | 391.55% |
| 10-Year Change | 4586.61% |
| Growth Volatility | 320.22 |
Max Estates Limited - Net Assets Trend (2016–2026)
This chart illustrates how Max Estates Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see MAXESTATES market cap overview.
Annual Net Assets for Max Estates Limited (2016–2026)
The table below shows the annual net assets of Max Estates Limited from 2016 to 2026. Also explore how fast is Max Estates Limited growing its equity to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs31.61 Billion ≈ $341.87 Million |
+18.80% |
| 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 decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs1.63 Billion | 6.75% |
| Other Components | Rs22.56 Billion | 93.25% |
| Total Equity | Rs24.20 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 |
|---|---|
|
Dorian LPG Ltd
NYSE:LPG
|
$1.05 Billion |
|
Beijing Wandong Medical Technology Co Ltd
SHG:600055
|
$1.05 Billion |
|
BP PLC
LSE:BP
|
$1.05 Billion |
|
Jiangsu Gian Technology Co Ltd
SHE:300709
|
$1.05 Billion |
|
Iradimed Co
NASDAQ:IRMD
|
$1.05 Billion |
|
Ningbo Fujia Industrial Co Ltd
SHG:603219
|
$1.05 Billion |
|
Blue Square Real Estate Ltd
TA:BLSR
|
$1.05 Billion |
|
Dharma Satya Nusantara Ptdsn
JK:DSNG
|
$1.05 Billion |
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 2025 to 2026, total equity changed from 22,784,666,000 to 24,199,050,000, a change of 1,414,384,000 (6.2%).
- Net income of 156,926,000 contributed positively to equity growth.
- New share issuances of 1,133,285,000 increased equity.
- Other comprehensive income decreased equity by 1,717,893,000.
- Other factors increased equity by 1,842,066,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs156.93 Million | +0.65% |
| Share Issuances | Rs1.13 Billion | +4.68% |
| Other Comprehensive Income | Rs-1.72 Billion | -7.1% |
| Other Changes | Rs1.84 Billion | +7.61% |
| Total Change | Rs- | 6.21% |
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: 3.97x
- 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 15.82x to 3.97x 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 | Rs594.00 | x |
| 2017-03-31 | Rs146.21 | Rs594.00 | x |
| 2018-03-31 | Rs218.50 | Rs594.00 | x |
| 2019-03-31 | Rs119.92 | Rs594.00 | x |
| 2020-03-31 | Rs127.75 | Rs594.00 | x |
| 2021-03-31 | Rs128.79 | Rs594.00 | x |
| 2022-03-31 | Rs41.38 | Rs594.00 | x |
| 2023-03-31 | Rs82.34 | Rs594.00 | x |
| 2024-03-31 | Rs104.14 | Rs594.00 | x |
| 2025-03-31 | Rs94.91 | Rs594.00 | x |
| 2026-03-31 | Rs149.58 | Rs594.00 | 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): 0.65%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.29%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 5.14x
- Recent ROE (0.65%) is above the historical average (0.33%), 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 |
| 2026 | 0.65% | 5.29% | 0.02x | 5.14x | Rs-2.26 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: $4,084,240,776
- Average return on equity (ROE) among peers: 13.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Max Estates Limited (MAXESTATES) | Rs31.61 Billion | 7.31% | 2.93x | $1.05 Billion |
| Ajmera Realty & Infra India Limited (AJMERA) | $13.23 Billion | 9.52% | 0.70x | $246.03 Million |
| Amj Land Holdings Limited (AMJLAND) | $1.01 Billion | 4.35% | 0.15x | $16.49 Million |
| Ansal Properties & Infrastructure Limited (ANSALAPI) | $-2.51 Billion | 0.00% | 0.00x | $6.11 Million |
| Arihant Superstructures Limited (ARIHANTSUP) | $438.10 Million | 18.32% | 5.34x | $106.27 Million |
| Arkade Developers Ltd (ARKADE) | $1.49 Billion | 33.81% | 1.48x | $238.64 Million |
| Art Nirman Limited (ARTNIRMAN) | $449.80 Million | 1.82% | 2.07x | $10.53 Million |
| Arvind SmartSpaces Limited (ARVSMART) | $8.08 Billion | 13.67% | 2.30x | $272.87 Million |
| Ashiana Housing Limited (ASHIANA) | $2.81 Billion | 7.77% | 1.18x | $385.66 Million |
| Ashima Limited (ASHIMASYN) | $1.60 Billion | 78.92% | 0.60x | $32.44 Million |
| Valor Estate Limited (DBREALTY) | $14.23 Billion | -29.02% | 3.74x | $561.25 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