Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹17 Cr.
Stock P/E
-41.8
P/B
—
Current Price
₹10.7
Book Value
₹ 0
Face Value
10
52W High
₹16.8
52W Low
₹ 8.8
Dividend Yield
0%

Max Heights Infrast. Overview

Business

Max Heights Infrastructure Ltd. operates in the Construction - Real Estate sector in India. The company's core business involves real estate development, which typically includes the acquisition of land, planning, design, construction, and marketing of residential, commercial, or retail properties. The company generates revenue primarily through the sale of developed properties, and potentially through rental income from commercial assets or fees from construction contracts.

Revenue Mix

Specific details on Max Heights Infrastructure Ltd.'s revenue mix and key business segments are not readily available. However, based on its sector, potential segments could include:

Residential Projects (apartments, villas, townships)

Commercial Projects (office spaces, IT parks)

Retail Projects (shopping malls, high-street retail)

Land Development (plotting, infrastructure development)

Without specific data, it is difficult to ascertain the contribution of each.

Industry

The Indian Construction - Real Estate industry is large, fragmented, and highly competitive, characterized by cyclical demand, capital intensity, and significant regulatory oversight (e.g., RERA). It is influenced by economic growth, interest rates, and government policies. Max Heights Infrastructure Ltd. likely operates as a regional or mid-tier developer within this competitive landscape. Its positioning relative to larger national players would depend on its project scale, geographical focus, brand recognition, and execution track record, which are not explicitly detailed.

MOAT

Without specific information, Max Heights Infrastructure Ltd. is likely to have a limited durable competitive advantage. In the real estate sector, moats are often derived from:

Strategic Land Bank: Owning desirable land parcels acquired at favorable costs.

Brand Reputation: A strong, trusted brand built over years, leading to customer preference.

Execution Capability: Efficient project management, timely delivery, and quality construction.

Local Market Expertise: Deep understanding and network within specific micro-markets.

For most regional developers, competitive advantages are often more operational and project-specific rather than enduring systemic moats.

Growth Drivers

Key factors that could drive Max Heights Infrastructure Ltd.'s growth over the next 3-5 years include:

Urbanization and Demographic Trends: Continued migration to urban centers and a growing middle class in India fuel demand for housing and commercial spaces.

Government Initiatives: Policy support for housing (e.g., affordable housing schemes), infrastructure development, and ease of doing business can stimulate demand.

Favorable Interest Rate Environment: Lower interest rates can make property more affordable, boosting sales.

New Project Launches: Successful development and sale of new residential, commercial, or mixed-use projects.

Expansion into Emerging Micro-Markets: Identifying and capitalizing on growth opportunities in underserved or developing areas.

Risks

Cyclicality of Real Estate: The industry is highly sensitive to economic cycles, interest rate fluctuations, and market sentiment, leading to volatile demand.

Regulatory Risks: Changes in land acquisition policies, environmental regulations, taxation, and RERA compliance can impact project timelines and costs.

Funding and Capital Intensity: Real estate projects require significant capital, making access to funding, high debt levels, and rising financing costs major risks.

Project Execution and Delays: Risks associated with land approvals, construction delays, cost overruns, and supply chain disruptions.

Competition: Intense competition from established national and local developers can put pressure on pricing and margins.

Land Acquisition Challenges: Difficulty in acquiring suitable land parcels at reasonable prices.

Management & Ownership

Specific details regarding the promoters, their background, and the professional experience of the current management team are not available in the provided information. In India, many companies in this sector are promoter-led, with the founding family or individuals holding a significant stake and often occupying key management positions. The ownership structure would typically include promoter holdings, institutional investors, and public shareholding.

Outlook

Max Heights Infrastructure Ltd. operates in a sector with significant long-term potential driven by India's demographic dividend, urbanization, and economic growth. A favorable macro-economic environment, coupled with successful execution of well-located projects, could support its growth trajectory. However, the company faces inherent risks associated with the cyclical nature of real estate, high capital requirements, intense competition, and regulatory complexities. Its ability to manage debt, acquire land strategically, execute projects efficiently, and adapt to evolving market conditions will be crucial for sustained performance. The lack of detailed information on its financial health, project pipeline, and operational efficiencies makes a definitive assessment challenging, but the sector itself presents both substantial opportunities and significant challenges.

Max Heights Infrast. Share Price

Live · BSE · Inception: 1981
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Max Heights Infrast. Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 1 2 1 2 2 1 3 4 10 1
Other Income 0 1 0 0 0 0 0 0 0 0
Total Income 1 3 1 2 2 1 3 4 10 1
Total Expenditure 1 2 1 1 1 1 1 4 9 1
Operating Profit 0 1 0 0 0 0 1 -1 1 0
Interest 0 0 3 0 0 0 3 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 0 1 -3 0 -0 0 -2 -1 1 0
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax 0 1 -3 0 -0 0 -2 -1 1 0
Adjustments 0 0 3 0 0 0 2 0 0 -0
Profit After Adjustments 0 1 -0 0 -0 0 -0 -1 1 -0
Adjusted Earnings Per Share 0.3 0.9 -0.3 0.2 -0 0.1 -0.2 -0.4 0.4 -0.1

Max Heights Infrast. Profit & Loss

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Net Sales 4 5 53 41 60 45 43 10 5 7 22 18
Other Income 0 0 1 1 0 0 1 3 1 0 1 0
Total Income 4 5 54 42 60 46 44 13 6 7 23 18
Total Expenditure 3 4 51 39 53 39 38 8 4 5 22 15
Operating Profit 1 1 3 4 7 7 6 5 2 2 1 1
Interest 0 0 1 1 5 4 4 4 3 4 0 3
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 1 1 2 2 2 2 2 1 -1 -2 1 -2
Provision for Tax 0 0 0 1 1 1 0 0 0 0 0 0
Profit After Tax 0 1 1 1 2 2 1 1 -2 -2 0 -2
Adjustments -0 -0 -0 -0 -0 -0 -0 0 1 1 -0 2
Profit After Adjustments 0 0 1 1 1 1 1 1 -0 -1 0 0
Adjusted Earnings Per Share 0.3 0.3 0.6 0.7 0.7 0.8 0.7 0.8 -0.1 -0.6 0.2 -0.3

Max Heights Infrast. Balance Sheet

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Shareholder's Funds 23 27 28 29 30 31 32 31 30 29 30
Minority's Interest 3 3 3 3 4 4 5 1 -2 -3 0
Borrowings 5 20 21 27 30 45 43 50 46 50 38
Other Non-Current Liabilities 0 -0 -0 -0 -0 0 0 0 -0 -0 -0
Total Current Liabilities 190 234 240 265 270 245 215 66 70 72 69
Total Liabilities 220 285 292 324 334 326 295 148 144 149 137
Fixed Assets 1 1 1 1 1 2 2 0 0 2 1
Other Non-Current Assets 0 0 0 1 1 1 0 1 1 1 1
Total Current Assets 218 283 291 322 332 324 293 147 143 147 135
Total Assets 220 285 292 324 334 326 295 148 144 149 137

Max Heights Infrast. Cash Flow

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Opening Cash & Cash Equivalents 2 2 14 12 8 9 3 1 1 0 3
Cash Flow from Operating Activities -31 -34 -8 -13 -14 -9 8 -3 0 1 11
Cash Flow from Investing Activities 1 0 1 0 -0 0 1 4 3 -1 3
Cash Flow from Financing Activities 29 45 5 8 15 3 -8 1 -4 3 -15
Net Cash Inflow / Outflow -0 12 -2 -4 1 -6 0 2 -1 2 -1
Closing Cash & Cash Equivalent 2 14 12 8 9 3 4 3 0 3 1

Max Heights Infrast. Ratios

# Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Earnings Per Share (Rs) 0.28 0.32 0.56 0.66 0.72 0.83 0.66 0.78 -0.07 -0.57 0.24
CEPS(Rs) 0.42 0.47 0.83 1.04 1.21 1.29 1.07 0.68 -0.89 -1.07 0.42
DPS(Rs) 0 0.2 0.05 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 11.68 17.2 17.71 18.4 19.12 19.95 20.64 19.85 19.25 18.68 18.91
Core EBITDA Margin(%) 27.33 20.27 4.41 6.29 11.42 14.21 11.81 22.51 20.43 27.95 2.05
EBIT Margin(%) 26.98 23.5 5.13 7.78 11.63 14.38 12.57 47.78 36.58 26.42 4.14
Pre Tax Margin(%) 16.95 15.3 2.85 4.68 3.53 5.11 4.35 13.56 -23.13 -24.88 2.41
PAT Margin (%) 11.55 11.03 1.94 3.21 2.64 3.78 3.27 8.89 -27.69 -25.27 1.88
Cash Profit Margin (%) 16.63 15.72 2.44 3.95 3.17 4.44 3.86 10.19 -25.67 -23.16 2.93
ROA(%) 0.24 0.2 0.36 0.43 0.48 0.52 0.46 0.42 -1.03 -1.24 0.3
ROE(%) 2.5 2.35 3.76 4.7 5.39 5.63 4.48 2.91 -4.92 -6.13 1.44
ROCE(%) 2.81 1.5 2.73 2.97 5.6 4.73 3.88 3.97 1.81 1.71 0.87
Receivable days 14.78 9.63 20.09 84.76 91.22 163.1 156.51 232.66 13.94 17.65 5.85
Inventory Days 0 0 1678.89 2384.25 1742.5 2264.61 2263.16 6995.08 9276.06 7057.1 2118.72
Payable days 3710.38 4263.19 278.28 435.12 375.11 466.43 323.92 1417.75 2759.47 2276.73 461.04
PER(x) 91.57 173.39 98.96 76.08 126.88 22.14 15.32 14.3 0 0 252.3
Price/Book(x) 2.21 3.2 3.1 2.72 4.76 0.92 0.49 0.56 0.88 4.84 3.16
Dividend Yield(%) 0 0.36 0.09 0 0 0 0 0 0 0 0
EV/Net Sales(x) 16.83 30.64 2.81 3.76 3.98 3.01 2.73 9.06 19.28 31.07 7.25
EV/Core EBITDA(x) 52.48 108.7 49.9 44.1 32.76 20 20.72 18.46 49.96 108.88 139.75
Net Sales Growth(%) 107.76 30.24 1045.6 -22.09 44.84 -23.82 -4.57 -76.17 -47.54 32.39 212.01
EBIT Growth(%) -6.67 13.44 150.22 18.16 116.38 -5.78 -16.61 -9.41 -59.83 -4.41 -51.11
PAT Growth(%) -26.86 24.38 101.15 29.26 19.2 8.8 -17.33 -35.24 -263.36 -20.86 123.24
EPS Growth(%) -29.01 12.91 75.06 18.24 9.13 15.27 -20.65 18.34 -108.44 -774.66 141.39
Debt/Equity(x) 1.54 2.59 2.72 2.95 3.5 3.58 3.3 2.56 2.61 2.91 2.38
Current Ratio(x) 1.15 1.21 1.21 1.21 1.23 1.32 1.37 2.23 2.05 2.03 1.94
Quick Ratio(x) 0.08 0.22 0.15 0.15 0.17 0.19 0.15 0.16 0.04 0.12 0.18
Interest Cover(x) 2.69 2.87 2.25 2.5 1.44 1.55 1.53 1.4 0.61 0.52 2.39
Total Debt/Mcap(x) 0.7 0.81 0.88 1.09 0.73 3.9 6.77 4.59 2.96 0.6 0.75

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +214% +30% -13% +19%
Operating Profit CAGR -50% -42% -32% 0%
PAT CAGR — -100% -100% —
Share Price CAGR -11% -38% -6% -15%
ROE Average +1% -3% 0% +2%
ROCE Average +1% +1% +2% +3%

Max Heights Infrast. Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 54.81 %
FII 0 %
DII (MF + Insurance) 0 %
Public (retail) 45.19 %
# Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
Promoter 52.7852.7852.7852.7852.7852.7852.7854.1554.2554.81
FII 0000000000
DII 0000000000
Public 47.2247.2247.2247.2247.2247.2247.2245.8545.7545.19
Others 0000000000
Total 100100100100100100100100100100

Max Heights Infrast. Peer Comparison

Construction - Real Estate Edit Columns

Max Heights Infrast. Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Max Heights Infrast. Pros & Cons

Pros

  • Debtor days have improved from 2276.73 to 461.04days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of -3% over the last 3 years.
  • The company has delivered a poor profit growth of -100% over past five years.
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