Max Estates Ltd, established in 2016 and headquartered in Noida, Uttar Pradesh, is a leading real estate developer specializing in premium commercial and residential properties in the Delhi NCR region. Guided by its philosophy of “Work Well and Live Well,” the company emphasizes holistic well-being across physical, emotional, social, and environmental dimensions. Its notable projects, such as Max Towers and Max House, exemplify sustainable, grade-A developments that are fully leased and widely recognized for their modern design and functionality. Driven by core values of Sevabhav (service culture), Excellence (delivering top-tier solutions), and Credibility (honoring commitments), Max Estates continues to transform urban spaces with innovative and sustainable real estate solutions, creating vibrant environments for living and working.
Latest News on Max Estates
Max Estates has announced significant land acquisition plans to bolster its development portfolio. The company intends to utilize ₹800 crore, raised through a Qualified Institutional Placement (QIP), to acquire prime land parcels in Noida and Gurgaon. With this strategic move, Max Estates aims to expand its presence in the real estate sector by developing one million square feet of commercial space and two million square feet of residential space annually. This ambitious initiative underscores the company’s commitment to meeting the growing demand for premium real estate in key urban markets while strengthening its position as a leader in sustainable and innovative developments.
| Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
| Promoters + | 49.51% | 49.51% | 49.42% | 45.26% |
| FIIs + | 29.53% | 27.61% | 27.54% | 27.55% |
| DIIs + | 0.01% | 0.20% | 0.03% | 5.72% |
| Public + | 20.96% | 22.69% | 23.02% | 21.47% |
| No. of Shareholders | 24,640 | 25,073 | 26,305 | 28,172 |
The shareholding pattern of Max Estates reveals notable trends over the past few months. As of December 2023, Promoters held 49.51% of the company’s shares, a figure that slightly decreased to 49.42% by June 2024 and further dropped to 45.26% by September 2024. FIIs (Foreign Institutional Investors) have maintained a significant stake, holding 29.53% in December 2023, reducing marginally to 27.61% in March 2024, and remaining stable around 27.55% by June and September 2024. Meanwhile, the shareholding of DIIs (Domestic Institutional Investors) remained minimal until March 2024, when it rose to 0.20% and further surged to 5.72% by September 2024. The Public shareholding also increased from 20.96% in December 2023 to 23.02% in June 2024, before slightly dropping to 21.47% in September 2024. Over the period, the number of shareholders has steadily grown from 24,640 in December 2023 to 28,172 in September 2024, indicating an increasing investor interest in Max Estates.
Below are the trading platforms that you can use to purchase Max Estates shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| December 2024 | 598.55 | 520.48 |
In December 2024, the maximum price is anticipated to reach ₹598.55, while the minimum price is projected to be ₹520.48.
| When | Maximum Price | Minimum Price |
| January 2025 | 604.54 | 465.03 |
| February 2025 | 610.65 | 469.73 |
| March 2025 | 623.47 | 479.59 |
| April 2025 | 617.30 | 474.84 |
| May 2025 | 599.32 | 461.01 |
| June 2025 | 626.29 | 481.76 |
| July 2025 | 614.01 | 472.31 |
| August 2025 | 633.00 | 486.92 |
| September 2025 | 640.59 | 492.76 |
| October 2025 | 657.25 | 505.57 |
| November 2025 | 673.68 | 518.21 |
| December 2025 | 703.99 | 541.53 |
As we move through 2025, Max Estates is expected to see its maximum and minimum prices fluctuate. In January 2025, the maximum price is anticipated to reach ₹604.54, while the minimum price is projected to be ₹465.03. By December 2025, the maximum price is expected to rise to ₹703.99, with the minimum price forecasted at ₹541.53.
| When | Maximum Price | Minimum Price |
| January 2026 | 725.11 | 557.78 |
| February 2026 | 706.99 | 543.84 |
| March 2026 | 721.13 | 554.71 |
| April 2026 | 735.84 | 566.03 |
| May 2026 | 728.56 | 560.43 |
| June 2026 | 746.77 | 574.44 |
| July 2026 | 732.13 | 563.18 |
| August 2026 | 754.77 | 580.59 |
| September 2026 | 769.87 | 592.21 |
| October 2026 | 789.88 | 607.60 |
| November 2026 | 809.63 | 622.79 |
| December 2026 | 829.87 | 638.36 |
| When | Maximum Price | Minimum Price |
| January 2027 | 838.17 | 644.75 |
| February 2027 | 859.66 | 661.28 |
| March 2027 | 893.19 | 687.07 |
| April 2027 | 875.68 | 673.60 |
| May 2027 | 850.17 | 653.98 |
| June 2027 | 888.43 | 683.41 |
| July 2027 | 871.01 | 670.01 |
| August 2027 | 897.95 | 690.73 |
| September 2027 | 929.37 | 714.90 |
| October 2027 | 953.54 | 733.49 |
| November 2027 | 977.38 | 751.83 |
| December 2027 | 1,001.81 | 770.62 |
| When | Maximum Price | Minimum Price |
| January 2028 | 1,021.85 | 786.04 |
| February 2028 | 1,048.05 | 806.19 |
| March 2028 | 1,088.92 | 837.63 |
| April 2028 | 1,067.57 | 821.21 |
| May 2028 | 1,036.48 | 797.29 |
| June 2028 | 1,083.12 | 833.17 |
| July 2028 | 1,061.88 | 816.83 |
| August 2028 | 1,094.72 | 842.09 |
| September 2028 | 1,133.04 | 871.57 |
| October 2028 | 1,162.50 | 894.23 |
| November 2028 | 1,191.56 | 916.58 |
| December 2028 | 1,221.35 | 939.50 |
| When | Maximum Price | Minimum Price |
| January 2029 | 1,245.77 | 958.29 |
| February 2029 | 1,277.72 | 982.86 |
| March 2029 | 1,327.55 | 1,021.19 |
| April 2029 | 1,301.52 | 1,001.17 |
| May 2029 | 1,263.61 | 972.01 |
| June 2029 | 1,320.47 | 1,015.75 |
| July 2029 | 1,294.58 | 995.83 |
| August 2029 | 1,334.62 | 1,026.63 |
| September 2029 | 1,381.33 | 1,062.56 |
| October 2029 | 1,417.24 | 1,090.19 |
| November 2029 | 1,452.68 | 1,117.44 |
| December 2029 | 1,488.99 | 1,145.38 |
| When | Maximum Price | Minimum Price |
| January 2030 | 1,518.77 | 1,168.29 |
| February 2030 | 1,557.72 | 1,198.24 |
| March 2030 | 1,618.47 | 1,244.97 |
| April 2030 | 1,586.73 | 1,220.56 |
| May 2030 | 1,540.52 | 1,185.01 |
| June 2030 | 1,609.84 | 1,238.34 |
| July 2030 | 1,578.27 | 1,214.06 |
| August 2030 | 1,627.09 | 1,251.61 |
| September 2030 | 1,684.03 | 1,295.41 |
| October 2030 | 1,727.82 | 1,329.09 |
| November 2030 | 1,771.02 | 1,362.32 |
| December 2030 | 1,815.29 | 1,396.38 |
As we step into 2030, Max Estates is expected to experience significant price movements. In January 2030, the maximum price is forecasted to reach ₹1,518.77, with the minimum price at ₹1,168.29. By December 2030, the maximum price is predicted to rise to ₹1,815.29, while the minimum price is expected to be ₹1,396.38.
Financial Condition of Max Estates: Last 5 years
| Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 69 | 107 | 93 | 135 |
| Expenses + | 39 | 76 | 75 | 97 |
| Operating Profit | 31 | 32 | 18 | 38 |
| OPM % | 44% | 30% | 19% | 28% |
| Other Income + | 5 | 24 | -17 | 35 |
| Interest | 16 | 19 | 43 | 59 |
| Depreciation | 11 | 15 | 25 | 33 |
| Profit before tax | 8 | 22 | -68 | -19 |
| Tax % | 42% | 16% | -19% | |
| Net Profit + | 5 | 18 | -55 | -16 |
| EPS in Rs | -2.87 | -0.07 | ||
| Dividend Payout % | 0% | 0% | 0% |
Max Estates has demonstrated varied financial performance over the past few years, reflecting both challenges and opportunities. In the fiscal year ending March 2022, the company reported sales of ₹69 crore and operating profit of ₹31 crore, with an operating profit margin (OPM) of 44%. However, by March 2023, sales increased to ₹107 crore, but the operating profit slightly improved to ₹32 crore, resulting in a reduced OPM of 30%. In March 2024, sales dropped to ₹93 crore, and the operating profit fell further to ₹18 crore, pushing the OPM down to 19%. Over the trailing twelve months (TTM), sales increased to ₹135 crore, but operating profit showed a modest improvement to ₹38 crore, with an OPM of 28%.
Despite challenges in operational profitability, Max Estates recorded other income of ₹24 crore in March 2023, which shifted to a loss of ₹17 crore in March 2024. This swing significantly impacted its profit before tax (PBT), which went from ₹22 crore in March 2023 to a loss of ₹68 crore in March 2024, with a corresponding net profit decline from ₹18 crore to a loss of ₹55 crore in the same period. This financial downturn continued into the TTM period, with a negative net profit of ₹16 crore and an EPS of ₹-0.07.
The company has maintained a zero dividend payout in recent years, likely due to its focus on reinvestment or financial recovery. The rise in interest and depreciation costs, alongside fluctuating profit margins, indicates that Max Estates faces both the challenges of managing operational costs and the need to optimize income from its portfolio of projects.
FAQS
The projected share price of Max Estates for 2025 is expected to fluctuate within a range, with a maximum price of ₹703.99 and a minimum price of ₹461.01, according to our forecast.
As per our analysis, Max Estates share price may not reach ₹1,000 by 2025, however, Max Estates may reach ₹1,000 somewhere in 2027.
For 2030, Max Estates is expected to reach a maximum of ₹1,815.29.
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Conclusion
In conclusion, Max Estates has shown resilience and growth despite facing some financial challenges in recent years. The company’s strategic move to acquire prime land and expand its portfolio, backed by an ₹800 crore QIP, reflects its commitment to growth and market leadership. With significant land acquisition plans and a focus on developing premium commercial and residential spaces, Max Estates is poised for long-term success. While there have been fluctuations in its financial performance, the company’s focus on sustainability, innovation, and expanding its real estate footprint is set to drive positive future outcomes. The forecasted price targets indicate a promising growth trajectory, with Max Estates expected to continue its transformation of urban spaces and enhance its position in the real estate sector.
What did we learn?
- 1 Latest News on Max Estates
- 2 Shareholdings Patterns of Max Estates
- 3 How to Purchase Max Estates Shares?
- 4 Max Estates Share Price Prediction: 2024 to 2030
- 4.1 Max Estates and Retail Limited Share Price Target 2024
- 4.2 Max Estates Share Price Prediction 2025
- 4.3 Max Estates Share Price Target 2026
- 4.4 Max Estates Share Price Prediction 2027
- 4.5 Max Estates Share Price Target 2028
- 4.6 Max Estates Share Price Prediction 2029
- 4.7 Max Estates Share Price Target 2030
- 5 Financial Condition of Max Estates: Last 5 years
- 6 FAQS
- 7 Conclusion
