Max Heights Infrastructure
Realty
534338 BSE
₹10.40
Close ·
- P/E
- 14.86
Close 4 Nov 2026 ₹10.40 −4.08 −28.2% 1Y
Start ₹14.48
Key Fundamentals
MicrocapRealtyConsumer DiscretionaryPrice-based figures at the close · EPS basis: Standalone · TTM
- ROCE
- 3.96%
- Debt to Equity
- 0.11
- EPS (TTM)
- ₹0.70
- Book Value
- ₹21.52
- Market Cap
- —
- P/E (TTM)
- 14.86
- P/B
- 0.48
- ROE
- 2.96%
- Dividend Yield
- 0.00%
- EBITDA
- ₹1.20 Cr
- 52W High
- ₹16.15
- 52W Low
- ₹8.75
Tapetide Score
Data-driven rating, 0–100, as of . How it works →
Overall score
54 Average
Data confidence 100/100
Category scores
- Quality
- 66
- Good
- Returns, margins, earnings quality 22% weight
- Valuation
- 59
- Good
- Cheap vs sector & own history 24% weight
- Growth
- 24
- Poor
- Sales & profit trajectory 9% weight
- Financial Health
- 70
- Strong
- Solvency, leverage, coverage 9% weight
- Momentum
- 34
- Poor
- Trend strength, vol-adjusted 12% weight
- Ownership
- 53
- Average
- FII/DII/promoter flows 24% weight
The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.
Key Insights
Strengths
2- Company has reduced debt.
- Stock is trading at 0.47 times its book value
Weaknesses
1- Company has a low return on equity of 0.87% over last 3 years.
Technical Indicators
| Group | Signal | Bearish | Neutral | Bullish |
|---|---|---|---|---|
| Overall | Neutral | 6 | 7 | 6 |
| Oscillators | Bullish | 0 | 7 | 2 |
| Moving Averages | Strong Bearish | 6 | 0 | 4 |
Oscillators
Bullish
Bearish
0
Neutral
7
Bullish
2
Overall
Neutral
Bearish
6
Neutral
7
Bullish
6
Moving Averages
Strong Bearish
Bearish
6
Neutral
0
Bullish
4
Key readings
- RSI (14)
- 51.79
- Neutral
- MACD (12,26,9)
- −0.07
- Bullish
- SMA (50)
- 10.44
- Bearish
- SMA (200)
- 11.96
- Bearish
As of
Growth Rate
From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.
Revenue
| 10Y | +4.79% |
|---|---|
| 5Y | +33.10% |
| 3Y | +11.04% |
| 1Y | +80.57% |
| TTM | −17.47% |
Net profit
| 10Y | +5.57% |
|---|---|
| 5Y | −13.81% |
| 3Y | +67.11% |
| 1Y | Turned to profit |
| TTM | Turned to profit |
Operating cash flow
| 10Y | +6.48% |
|---|---|
| 5Y | Turned positive |
| 3Y | +32.04% |
| 1Y | Turned positive |
| TTM | — |
TTM: Reported once a year, so there is no trailing-twelve-month figure.
Operating margin· change in pp
| 10Y | −0.59 pp |
|---|---|
| 5Y | −8.63 pp |
| 3Y | −1.89 pp |
| 1Y | +18.80 pp |
| TTM | +29.46 pp |
Revenue by year
| Mar 2017 | ₹4.06 Cr |
|---|---|
| Mar 2018 | ₹3.13 Cr |
| Mar 2019 | ₹5.90 Cr |
| Mar 2020 | ₹3.52 Cr |
| Mar 2021 | ₹1.98 Cr |
| Mar 2022 | ₹5.43 Cr |
| Mar 2023 | ₹6.04 Cr |
| Mar 2024 | ₹22.21 Cr |
| Mar 2025 | ₹4.58 Cr |
| Mar 2026 | ₹8.27 Cr |
Net profit by year
| Mar 2017 | ₹0.47 Cr |
|---|---|
| Mar 2018 | ₹0.44 Cr |
| Mar 2019 | ₹0.66 Cr |
| Mar 2020 | ₹0.36 Cr |
| Mar 2021 | ₹2.06 Cr |
| Mar 2022 | ₹1.57 Cr |
| Mar 2023 | ₹0.21 Cr |
| Mar 2024 | ₹0.31 Cr |
| Mar 2025 | −₹0.40 Cr |
| Mar 2026 | ₹0.98 Cr |
Quarterly Results
₹ Cr| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3.94 | 10.08 | 0.71 | 7.47 | 0.18 | 3.12 | 0.17 | 1.11 | 2.64 | 4.13 | 0.14 | 1.35 | 0.19 |
| Expenses | 4.44 | 9.22 | 0.75 | 7.44 | 0.14 | 3.15 | 0.13 | 1.19 | 2.73 | 2.63 | 0.14 | 1.26 | 0.2 |
| Operating Profit | −0.5 | 0.86 | −0.04 | 0.03 | 0.04 | −0.03 | 0.04 | −0.08 | −0.09 | 1.5 | 0 | 0.09 | −0.01 |
| OPM % | −12.69% | 8.53% | −5.63% | 0.4% | 22.22% | −0.96% | 23.53% | −7.21% | −3.41% | 36.32% | 0% | 6.67% | −5.26% |
| Other Income | 0 | 0.01 | 0.03 | 0.66 | 0 | 0.01 | 0.03 | 0 | 0.02 | 0 | 0.17 | 0.03 | 0.02 |
| Interest | 0.13 | 0.15 | 0.03 | 0.08 | 0.01 | 0.01 | 0.04 | 0.15 | 0.04 | 0.04 | 0.03 | 0.22 | 0 |
| Depreciation | 0.07 | 0.07 | 0.07 | 0.04 | 0.01 | 0.09 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 |
| PBT | −0.7 | 0.65 | −0.11 | 0.57 | 0.02 | −0.12 | −0.02 | −0.28 | −0.16 | 1.41 | 0.09 | −0.15 | −0.04 |
| Tax % | 0% | 0% | 0% | 19.3% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 140% | 0% |
| Net Profit | −0.7 | 0.66 | −0.11 | 0.46 | 0.02 | −0.12 | −0.02 | −0.28 | −0.16 | 1.41 | 0.09 | −0.36 | −0.04 |
| EPS (₹) | −0.45 | 0.42 | −0.07 | 0.29 | 0.01 | −0.08 | −0.01 | −0.18 | −0.1 | 0.9 | 0.06 | −0.23 | −0.03 |
Profit & Loss
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4.61 | 5.18 | 4.06 | 3.13 | 5.9 | 3.52 | 1.98 | 5.43 | 6.04 | 22.21 | 4.58 | 8.27 | 5.81 |
| Expenses | 3.55 | 4.21 | 3.21 | 2.25 | 4.61 | 2.72 | 1.45 | 4.11 | 4.83 | 21.86 | 4.61 | 6.77 | 4.23 |
| Operating Profit | 1.06 | 0.97 | 0.85 | 0.88 | 1.29 | 0.8 | 0.53 | 1.32 | 1.21 | 0.35 | −0.03 | 1.5 | 1.58 |
| OPM % | 22.99% | 18.73% | 20.94% | 28.12% | 21.86% | 22.73% | 26.77% | 24.31% | 20.03% | 1.58% | −0.66% | 18.14% | 27.19% |
| Other Income | 0.01 | 0 | 0.11 | 0 | 0 | 0 | 2.41 | 0.98 | 0 | 0.69 | 0.04 | 0.22 | 0.22 |
| Interest | 0.3 | 0.01 | 0.1 | 0.15 | 0.22 | 0.2 | 0.36 | 0.37 | 0.82 | 0.38 | 0.21 | 0.33 | 0.29 |
| Depreciation | 0.12 | 0.14 | 0.18 | 0.18 | 0.18 | 0.13 | 0.13 | 0.11 | 0.15 | 0.23 | 0.2 | 0.2 | 0.2 |
| PBT | 0.65 | 0.82 | 0.68 | 0.55 | 0.89 | 0.47 | 2.45 | 1.82 | 0.24 | 0.43 | −0.4 | 1.19 | 1.31 |
| Tax % | 26.15% | 30.49% | 30.88% | 20% | 25.84% | 23.4% | 15.51% | 13.74% | 12.5% | 25.58% | 0% | 17.65% | — |
| Net Profit | 0.48 | 0.57 | 0.47 | 0.44 | 0.66 | 0.36 | 2.06 | 1.57 | 0.21 | 0.31 | −0.4 | 0.98 | 1.1 |
| EPS (₹) | 0.31 | 0.37 | 0.3 | 0.28 | 0.42 | 0.23 | 1.32 | 1.01 | 0.13 | 0.2 | −0.26 | 0.63 | 0.7 |
| Div. Payout % | 65.04% | 13.69% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 15.61 | 15.61 | 15.61 | 15.61 | 15.61 | 15.61 | 15.61 | 15.61 | 15.61 | 15.61 | 15.61 | 15.61 |
| Reserves | 10.74 | 11.22 | 11.69 | 12.13 | 12.79 | 13.2 | 15.3 | 16.88 | 17.09 | 17.4 | 17 | 17.98 |
| Borrowings | 1.69 | 2.66 | 2.92 | 1.65 | 6.33 | 9.77 | 11.56 | 8.55 | 9.42 | 1.31 | 6.97 | 3.65 |
| Other Liabilities | 0.99 | 0.67 | 0.64 | 0.39 | 1.24 | 0.36 | 0.73 | 1.44 | 2.12 | 1.19 | 0.13 | 0.24 |
| Total Liabilities | 29.03 | 30.16 | 30.86 | 29.78 | 35.97 | 38.94 | 43.2 | 42.48 | 44.24 | 35.51 | 39.71 | 37.48 |
| Fixed Assets | 0.51 | 0.87 | 0.68 | 0.5 | 0.94 | 0.8 | 0.46 | 0.35 | 1.52 | 1.29 | 1.08 | 0.88 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 2.9 | 4.9 | 5 | 5 | 5 | 5 | 3.49 | 1.11 | 1.11 | 1.1 | 1.15 | 0.21 |
| Other Assets | 25.62 | 24.39 | 25.18 | 24.28 | 30.03 | 33.14 | 39.25 | 41.02 | 41.61 | 33.12 | 37.48 | 36.39 |
| Total Assets | 29.03 | 30.16 | 30.86 | 29.78 | 35.97 | 38.94 | 43.2 | 42.48 | 44.24 | 35.51 | 39.71 | 37.48 |
Cash Flow
₹ Cr| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | −0.62 | 2.36 | −0.86 | −0.44 | −3.36 | −4.83 | −5.21 | −0.8 | 1.92 | 8.04 | −6.89 | 4.42 |
| Investing | 0.27 | −1.8 | 0.45 | 0.71 | 0.11 | 0.51 | 4.51 | 3.48 | −1.25 | 0.35 | 0.68 | 1.73 |
| Financing | 0.31 | 0.77 | 0.16 | −1.39 | 4.43 | 3.22 | 1.49 | −3.37 | 0.05 | −8.49 | 5.45 | −3.66 |
| Net Cash Flow | −0.04 | 1.33 | −0.24 | −1.11 | 1.17 | −1.1 | 0.79 | −0.7 | 0.71 | −0.1 | −0.76 | 2.5 |
| Free Cash Flow | −0.59 | 1.86 | −0.86 | −0.44 | −3.97 | −4.83 | −1.08 | 2.56 | 0.6 | 8.09 | −6.94 | 5.54 |
| CFO/OP | −39 | 270 | −75 | −35 | −243 | −590 | −909 | −42 | 160 | 2,329 | 22,967 | 308 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 8.71 | 7.75 | 10.79 | 24.49 | 10.52 | 21.78 | 38.71 | 14.12 | 1.81 | 0.49 | 2.39 | 0 |
| Inventory Days | 2,250 | 1,719 | — | — | — | — | — | 4,034 | 3,374 | 327 | 2,172 | 1,101 |
| Days Payable | 0 | 7.56 | — | — | — | — | — | 13.4 | 6.44 | 0 | 0 | 0 |
| Cash Conversion Cycle | 2,259 | 1,719 | 10.79 | 24.49 | 10.52 | 21.78 | 38.71 | 4,034 | 3,370 | 327 | 2,175 | 1,101 |
| Working Capital Days | 1,938 | 1,559 | 1,925 | 2,633 | 1,599 | 3,105 | 6,931 | 2,634 | 2,302 | 504 | 2,941 | 1,478 |
| ROCE % | 3.4% | 2.89% | 2.61% | 2.35% | 3.46% | 1.83% | 0.99% | 2.9% | 2.55% | 2.01% | −0.51% | 3.96% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Max Heights Infrastructure insights
59 extracted metrics across FY10–FY27.
Documents
- 12 Aug 2025
- Intimation 29 Oct 2026
- General announcements 5 Oct 2026
Frequently Asked Questions about Max Heights Infrastructure
What does Max Heights Infrastructure Ltd do?
Incorporated in 1981, Maxheights Infrastructure Ltd is in the business of real estate development
Where is Max Heights Infrastructure Ltd (MAXHEIGHTS) listed?
Max Heights Infrastructure Ltd trades under code 534338 on the BSE.
Which sector does Max Heights Infrastructure Ltd belong to?
Max Heights Infrastructure Ltd is classified under the Realty sector, in the Residential Commercial Projects industry.
What is the PE ratio of Max Heights Infrastructure Ltd?
Max Heights Infrastructure Ltd trades at a PE ratio of 14.86 as of 4 Nov 2026, on earnings per share of ₹0.7, against a book value of ₹21.52 per share.
What is the 52-week high and low of Max Heights Infrastructure Ltd?
Over the last 52 weeks Max Heights Infrastructure Ltd has traded between ₹8.75 and ₹16.15 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Max Heights Infrastructure Ltd?
Max Heights Infrastructure Ltd reported a return on equity of 2.96%. Its debt-to-equity ratio is 0.11.
Company Information
Incorporated in 1981, Maxheights Infrastructure Ltd is in the business of real estate development
Website maxheights.com
Face Value ₹10
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