Max Estates Limited Net Assets
Max Estates Limited 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. Also explore MAXESTATES net assets growth trend to track the company's year-over-year net asset growth rate.
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 | 318.14% |
| Growth Volatility | 133.75 |
Net Assets of Max Estates Limited (2016–2026)
Net assets of Max Estates Limited from 2016 to 2026. This chart illustrates how Max Estates Limited's net assets have evolved over time, based on quarterly financial data. See net asset quality index of Max Estates Limited to measure how much of total assets are equity-financed.
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. For live market cap and overall valuation, see Max Estates Limited market capitalisation.
| 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 |
+263.62% |
| 2020-03-31 | Rs4.97 Billion ≈ $53.70 Million |
+296.26% |
| 2019-03-31 | Rs1.25 Billion ≈ $13.55 Million |
-69.07% |
| 2018-03-31 | Rs4.05 Billion ≈ $43.82 Million |
-46.41% |
| 2017-03-31 | Rs7.56 Billion ≈ $81.76 Million |
+257.43% |
| 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 3636.5% over the analyzed period, indicating profitable operations and earnings retention.
Max Estates Limited Net Assets Breakdown (March 2026)
Max Estates Limited net assets breakdown by equity component as of March 2026.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs6.89 Billion | 28.48% |
| Common Stock | Rs1.63 Billion | 6.75% |
| Other Components | Rs15.67 Billion | 64.76% |
| 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 |
|---|---|
|
CureVac NV
F:5CV
|
$885.32 Million |
|
Guangdong Shenglu Telecommunication Tech Co Ltd
SHE:002446
|
$885.44 Million |
|
Jiangyin Hengrun Heavy
SHG:603985
|
$885.74 Million |
|
Neurones
PA:NRO
|
$885.97 Million |
|
Cementos Pacasmayo SAA ADR
NYSE:CPAC
|
$884.47 Million |
|
Jiangsu Chengxing Phosph-Chemical Co Ltd
SHG:600078
|
$884.42 Million |
|
Zhejiang Chenfeng Science and Technology Co Ltd Class A
SHG:603685
|
$883.90 Million |
|
Nanjing Panda Electronics Co Ltd
SHG:600775
|
$883.82 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 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: 3.34x
- 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 13.32x to 3.34x 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 | Rs500.10 | x |
| 2017-03-31 | Rs146.21 | Rs500.10 | x |
| 2018-03-31 | Rs218.50 | Rs500.10 | x |
| 2019-03-31 | Rs119.92 | Rs500.10 | x |
| 2020-03-31 | Rs127.75 | Rs500.10 | x |
| 2021-03-31 | Rs60.00 | Rs500.10 | x |
| 2022-03-31 | Rs41.38 | Rs500.10 | x |
| 2023-03-31 | Rs82.34 | Rs500.10 | x |
| 2024-03-31 | Rs104.14 | Rs500.10 | x |
| 2025-03-31 | Rs94.91 | Rs500.10 | x |
| 2026-03-31 | Rs149.58 | Rs500.10 | 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 below the historical average (0.86%), suggesting potential challenges in 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% | 0.86x | 1.00x | 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% | 2.10x | 0.34x | Rs-1.51 Billion |
| 2021 | 0.87% | 11.56% | 0.04x | 2.15x | Rs-806.04 Million |
| 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: $2,144,470,431
- Average return on equity (ROE) among peers: 19.28%
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 | $884.70 Million |
| Ajmera Realty & Infra India Limited (AJMERA) | $5.13 Billion | 5.01% | 1.45x | $281.80 Million |
| Amj Land Holdings Limited (AMJLAND) | $1.18 Billion | 3.19% | 0.90x | $15.32 Million |
| Ansal Properties & Infrastructure Limited (ANSALAPI) | $-763.75 Million | 0.00% | 0.00x | $5.35 Million |
| Arihant Superstructures Limited (ARIHANTSUP) | $154.37 Million | 8.50% | 3.16x | $98.57 Million |
| Arkade Developers Ltd (ARKADE) | $1.49 Billion | 33.81% | 1.48x | $213.26 Million |
| Art Nirman Limited (ARTNIRMAN) | $245.00K | 91.43% | 492.69x | $9.99 Million |
| Arvind SmartSpaces Limited (ARVSMART) | $3.14 Billion | 9.61% | 0.90x | $284.97 Million |
| Ashiana Housing Limited (ASHIANA) | $699.96 Million | 55.22% | 1.48x | $389.36 Million |
| Ashima Limited (ASHIMASYN) | $-1.74 Billion | 0.00% | 0.00x | $29.23 Million |
| Valor Estate Limited (DBREALTY) | $12.16 Billion | -13.96% | 5.04x | $491.80 Million |
About Max Estates Limited
Max Estates Limited engages in Construction and development of 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, and selling and distribution of residential or commercial complex, houses, buildings, etc. The company was incor… Read more