Max Estates Limited (MAXESTATES) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of Max Estates Limited stock ₹73.49, price ₹507, upside -85.5%, quality 23 out of 100. Rating: strongly overvalued. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Oct 30, 2026.
How to read this chart
36‑month range ₹249.85 – ₹684.35 · the ₹507.20 price screens above the ₹73.49 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 2 fiscal years are left out: there the valuation rested on only a fraction of the usual models. As of Oct 30, 2026.
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Max Estates Limited develops and constructs residential and commercial properties. The company also offers investment, facility management, managed office, and shared services.
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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 based in Noida, India.
Stock analysis
Max Estates Limited (MAXESTATES) currently trades at ₹507.20, while our model-based Fair Value estimate is ₹73.49, 85.5% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of ₹99.01 per share, and 0 of the 6 models we run sit above the ₹507.20 price.
Bear case: the Multiples group reads lowest at ₹15.99, and 6 of the 6 models stay below the price. Data coverage for this calculation is low.
Quality & growth
The Quality Score stands at 23/100 (below-average quality), in the Real Estate sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Max Estates Limited reported revenue of ₹3.0B in FY2026 versus ₹735M in FY2022, a compound +41.8%/yr. Reported net income was ₹157M in FY2026, compounding +33.1%/yr from FY2022. FY2022 was a trough year, so the rate overstates the trend.
Key figures
Market cap ₹82.1B (≈ $864M) Small · P/E ratio 694.8 · P/S ratio 27.7 · EPS (TTM) ₹0.7300 · Net margin 3.0% · Return on equity 0.5% · Return on assets (EBIT) 1.6% · Operating margin 35.1%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 41 out of 100 (low confidence).
What moves the price
The share trades about 18% below its 52-week high and 64% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −11% fair-value upside, at −86%, MAXESTATES screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (₹9.40 to ₹295.56). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear₹73.49Fair Value ₹73.49Bull₹73.49
Price ₹507.20 · Upside -85.5%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2026 figures (about 7 months old). Earnings retained since then (₹0.4280 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.52/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+18.9%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+40.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+34.9%
Start year 2021 (pandemic). Over 10 years: −7.0% a year
Revenue growth 10 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−7.0%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+12.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+12.7%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−7.6% vs −9.9%, steady
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−18% → 30%
Pace: the 5-year rate starts in 2021 (pandemic)
⚠ Revenue per share shrinking 25.5%/yr over ~8Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Real Estate - Development · 565 stocks
Beats the industry median on 2/12 measures
Overall it trails its industry peers.
Valuation
Quality Score23 · Bottom 25%
Fair Value upside−85.5% · Bottom 25%
Profitability
Return on equity (12 months)0.5% · Below median
Return on assets0.1% · Below median
Net margin (12 months)3.0% · Below median
Operating margin (12 months)35.1% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−0.1% · Above median
Balance sheet
Debt / equity0.95× · Highest 25%
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
P/E (12 months)694.8× · Priciest 25%
P/B3.39× · Priciest 25%
P/S (12 months)27.69× · Priciest 25%
EV/EBITDA87.0× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 69
FUTURE (revenue growth)0· sector 0
PAST (return on equity)2· sector 12
HEALTH (low debt)52· sector 83
DIVIDEND (yield)0· sector 60
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Max Estates Limited (MAXESTATES) overvalued or undervalued?
As of Oct 30, 2026, our model estimates a fair value of ₹73.49 versus a price of ₹507.20, about −86% upside (overvalued).
What is the fair value of MAXESTATES?
Our model-based fair value for Max Estates Limited is ₹73.49 (as of Oct 30, 2026), built from audited fundamentals. The current price: ₹507.20.
What is the quality score of MAXESTATES?
Max Estates Limited has a Quality Score of 23/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Max Estates Limited (MAXESTATES)?
Our model-based price target is the fair value of ₹73.49 (as of Oct 30, 2026) from 6 valuation models. It is a calculation from audited fundamentals, not an analyst target.
What is the Max Estates Limited stock forecast for 2026?
Our models put fair value at ₹73.49, about −86% upside versus a price of ₹507.20 (overvalued). The calculation is refreshed regularly with new filings.
What is the revenue of Max Estates Limited (MAXESTATES)?
Max Estates Limited reported trailing-twelve-month revenue of about ₹3.0B (latest available figure, as of Oct 30, 2026).
What is the intrinsic value of Max Estates Limited (MAXESTATES)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Max Estates Limited it is ₹73.49 per share (as of Oct 30, 2026), against a price of ₹507.20. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Max Estates Limited stock overvalued or undervalued in 2026?
As of Oct 30, 2026, MAXESTATES trades above its calculated fair value: price ₹507.20, fair value ₹73.49, a gap of about −86% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of MAXESTATES?
No. The price is what the market pays today (₹507.20); the fair value is what the company's own numbers justify (₹73.49). For Max Estates Limited the two are ₹433.71 per share apart. That gap is exactly why we show both numbers side by side.
How much is Max Estates Limited worth?
The market values Max Estates Limited at about ₹82.1B (market capitalisation, as of Oct 30, 2026). Per share that is ₹507.20; our models calculate a fair value of ₹73.49 per share.
How solid is the balance sheet of Max Estates Limited (MAXESTATES)?
Balance-sheet figures for Max Estates Limited (as of Oct 30, 2026): return on equity 0.5%, debt of 0.95 per unit of equity. They feed the Quality Score of 23/100, which measures business quality independently of the share price.
How far is MAXESTATES from its 52-week high?
Max Estates Limited trades at ₹507.20, about 18% below its 52-week high of ₹616.80 and 64% above the low of ₹308.75 (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of ₹73.49 is for.
Which stocks are comparable to Max Estates Limited?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, Vinhomes Joint Stock Company, CK Asset Holdings, DLF Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Max Estates Limited stock attractive at the current price?
The data as of Oct 30, 2026: price ₹507.20, calculated fair value ₹73.49 (−86%), Quality Score 23/100, from 6 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of MAXESTATES calculated?
We run Max Estates Limited through 6 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹73.49, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.4 % above its aggregate fair value. Max Estates Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Max Estates Limited (MAXESTATES)?
The closing price on Oct 30, 2026 was ₹507.20. Our model-based fair value is ₹73.49, about −86% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Max Estates Limited right now?
The price sits above even our optimistic bull case (₹73.49). The favourable scenario is already priced in. Weak quality (23/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Max Estates Limited
How large is the market capitalisation of Max Estates Limited (MAXESTATES)?
The market capitalisation of Max Estates Limited is ₹82.1B (≈ $864M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/E ratio of Max Estates Limited (MAXESTATES)?
The price-to-earnings ratio of Max Estates Limited is 694.8. Price to earnings: how many years of current profit you pay for the stock. A P/E of 10 means ten years of profit.
What is the P/S ratio of Max Estates Limited (MAXESTATES)?
The price-to-sales ratio of Max Estates Limited is 27.7 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Max Estates Limited (MAXESTATES)?
Earnings per share at Max Estates Limited are ₹0.7300 (price ÷ EPS = P/E 694.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Max Estates Limited (MAXESTATES)?
The net margin of Max Estates Limited is 3.0% (last twelve months). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Max Estates Limited (MAXESTATES)?
The return on equity (ROE) of Max Estates Limited is 0.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Max Estates Limited (MAXESTATES)?
On an EBIT basis the return on assets of Max Estates Limited is 1.6% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Max Estates Limited (MAXESTATES)?
The operating margin of Max Estates Limited is 35.1% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Max Estates Limited (MAXESTATES)?
Revenue at Max Estates Limited is growing −0.1% versus a year earlier (3y avg +40.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Max Estates Limited (MAXESTATES)?
Earnings per share at Max Estates Limited are growing −31.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Max Estates Limited (MAXESTATES) generate?
The free cash flow of Max Estates Limited is −₹7.4B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Max Estates Limited (MAXESTATES) carry?
The net debt of Max Estates Limited is ₹18.0B (fiscal year 2026). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Oct 30, 2026