Results Snapshot
Figures in Cr
Consolidated - Balance Sheet Results
Mar'26
Mar'25
Mar'24
Mar'23
Mar'22
EQUITY AND LIABILITIES
No of Months
12
12
12
12
12
Share Capital
163.45
161.00
147.13
0.00
649.55
Share Warrants & Outstandings
Total Reserve
2,243.97
2,076.10
1,019.88
1,061.93
-44.69
Shareholder's Funds
2,419.91
2,278.47
1,170.90
1,211.20
608.87
Minority Interest
741.27
382.47
279.63
42.67
0.00
Long-Term Borrowings
2,346.12
1,614.73
825.87
750.81
283.35
Secured Loans
1,825.15
1,384.24
647.52
673.32
249.04
Unsecured Loans
520.97
230.48
178.35
77.49
34.31
Deferred Tax Assets / Liabilities
-172.28
-71.61
-57.44
-9.15
3.47
Other Long Term Liabilities
131.18
144.12
172.24
80.25
37.43
Long Term Trade Payables
2,028.32
843.76
0.00
0.00
0.00
Long Term Provisions
6.38
3.84
2.80
1.69
0.73
Total Non-Current Liabilities
4,300.14
2,389.77
943.46
823.61
324.99
Current Liabilities
Trade Payables
1,018.40
453.12
37.29
27.04
9.97
Other Current Liabilities
3,683.60
1,504.01
513.20
26.59
13.97
Short Term Borrowings
72.79
145.06
88.32
73.58
31.77
Short Term Provisions
5.63
4.98
3.71
2.52
1.14
Total Current Liabilities
4,780.42
2,107.16
642.53
129.72
56.85
Total Liabilities
12,241.74
7,157.87
3,036.52
2,207.20
1,024.94
ASSETS
Non-Current Assets
0.00
0.00
0.00
0.00
0.00
Gross Block
20.83
14.58
11.97
12.31
1.97
Less: Accumulated Depreciation
7.20
5.63
4.30
3.15
0.77
Less : Impairment of Assets
0.00
0.00
0.00
0.00
0.00
Net Block
13.63
8.95
7.67
9.16
1.20
Lease Adjustment
0.00
0.00
0.00
0.00
0.00
Capital Work in Progress
0.00
0.00
0.00
0.00
0.00
Intangible assets under development
0.00
0.00
0.27
0.00
0.00
Pre-operative Expenses pending
0.00
0.00
0.00
0.00
0.00
Assets in transit
0.00
0.00
0.00
0.00
0.00
Non Current Investments
2,510.87
2,033.55
1,806.49
1,458.72
896.72
Long Term Loans & Advances
196.63
569.28
91.73
113.64
23.43
Other Non Current Assets
989.40
318.51
122.10
43.55
5.60
Total Non-Current Assets
3,714.03
2,939.72
2,042.63
1,638.24
926.95
Current Assets Loans & Advances
Current Investments
380.18
582.01
89.96
105.96
12.74
Inventories
6,888.06
2,285.00
532.87
386.92
13.76
Sundry Debtors
12.27
14.50
8.01
5.78
1.93
Cash and Bank
615.03
1,083.36
259.98
41.37
48.39
Other Current Assets
23.68
20.82
10.29
2.28
12.27
Short Term Loans and Advances
608.49
232.46
92.78
26.65
8.90
Total Current Assets
8,527.71
4,218.15
993.90
568.96
97.99
Net Current Assets (Including Current Investments)
3,747.29
2,110.99
351.37
439.24
41.13
Total Current Assets Excluding Current Investments
8,147.53
3,636.14
903.93
463.00
85.25
Miscellaneous Expenses not written off
0.00
0.00
0.00
0.00
0.00
Total Assets
12,241.74
7,157.87
3,036.52
2,207.20
1,024.94
Contingent Liabilities
0.71
50.71
53.78
53.57
50.21
Total Debt
2,339.72
1,469.66
914.19
824.39
315.12
Book Value per share (adjusted)
148.05
139.19
79.55
0
0
Balance Sheet Analysis Highlights
Borrowings
YoY Growth in year ended Mar 2026 is 47.35% vs 76.63% in Mar 2025
Other Long Term Liabilities
YoY Growth in year ended Mar 2026 is -8.98% vs -16.33% in Mar 2025
Fixed Assets
YoY Growth in year ended Mar 2026 is 52.29% vs 16.69% in Mar 2025
Investments
YoY Growth in year ended Mar 2026 is 23.47% vs 12.57% in Mar 2025
Current Assets
YoY Growth in year ended Mar 2026 is 102.17% vs 324.40% in Mar 2025
Compare Balance Sheet Results of Max Estates
Figures in Cr
Consolidated - Balance Sheet Results
Change(INR)
Change(%)
No of Months
12
12
EQUITY AND LIABILITIES
Share Capital
163.45
244.39
-80.94
-33.12%
Share Warrants & Outstandings
Total Reserve
2,243.97
8,472.01
-6,228.04
-73.51%
Shareholder's Funds
2,419.91
9,321.09
-6,901.18
-74.04%
Minority Interest
741.27
5.56
735.71
13,232.19%
Long-Term Borrowings
2,346.12
2,515.20
-169.08
-6.72%
Secured Loans
1,825.15
1,795.66
29.49
1.64%
Unsecured Loans
520.97
719.54
-198.57
-27.60%
Deferred Tax Assets / Liabilities
-172.28
905.95
-1,078.23
-119.02%
Other Long Term Liabilities
131.18
640.08
-508.90
-79.51%
Long Term Trade Payables
2,028.32
0.00
2,028.32
0.00%
Long Term Provisions
6.38
37.54
-31.16
-83.00%
Total Non-Current Liabilities
4,300.14
4,098.77
201.37
4.91%
Current Liabilities
Trade Payables
1,018.40
905.87
112.53
12.42%
Other Current Liabilities
3,683.60
3,907.67
-224.07
-5.73%
Short Term Borrowings
72.79
2,011.26
-1,938.47
-96.38%
Short Term Provisions
5.63
237.46
-231.83
-97.63%
Total Current Liabilities
4,780.42
7,062.26
-2,281.84
-32.31%
Total Liabilities
12,241.74
20,487.68
-8,245.94
-40.25%
ASSETS
Non-Current Assets
0.00
0.00
0.00
0.00%
Gross Block
20.83
2,677.16
-2,656.33
-99.22%
Less: Accumulated Depreciation
7.20
67.31
-60.11
-89.30%
Less : Impairment of Assets
0.00
0.00
0.00
0.00%
Net Block
13.63
2,609.85
-2,596.22
-99.48%
Lease Adjustment
0.00
0.00
0.00
0.00%
Capital Work in Progress
0.00
9.30
-9.30
-100.00%
Intangible assets under development
0.00
0.00
0.00
0.00%
Pre-operative Expenses pending
0.00
0.00
0.00
0.00%
Assets in transit
0.00
0.00
0.00
0.00%
Non Current Investments
2,510.87
3,508.12
-997.25
-28.43%
Long Term Loans & Advances
196.63
604.06
-407.43
-67.45%
Other Non Current Assets
989.40
628.61
360.79
57.39%
Total Non-Current Assets
3,714.03
7,359.94
-3,645.91
-49.54%
Current Assets Loans & Advances
Current Investments
380.18
69.20
310.98
449.39%
Inventories
6,888.06
12,058.26
-5,170.20
-42.88%
Sundry Debtors
12.27
51.73
-39.46
-76.28%
Cash and Bank
615.03
414.09
200.94
48.53%
Other Current Assets
23.68
31.74
-8.06
-25.39%
Short Term Loans and Advances
608.49
502.71
105.78
21.04%
Total Current Assets
8,527.71
13,127.75
-4,600.04
-35.04%
Net Current Assets (Including Current Investments)
3,747.29
6,065.49
-2,318.20
-38.22%
Total Current Assets Excluding Current Investments
8,147.53
13,058.54
-4,911.01
-37.61%
Miscellaneous Expenses not written off
0.00
0.00
0.00
0.00%
Total Assets
12,241.74
20,487.68
-8,245.94
-40.25%
Contingent Liabilities
0.71
220.82
-220.11
-99.68%
Total Debt
2,339.72
4,526.46
-2,186.74
-48.31%
Book Value per share (adjusted)
148.05
71.36
76.69
107.47%
Annual - Borrowings
Borrowings 2,379.32 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is 47.35% vs 76.63% in Mar 2025
Annual - Other Long Term Liabilities
Other Long Term Liabilities 131.18 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is -8.98% vs -16.33% in Mar 2025
Annual - Fixed Assets
Fixed Assets 13.63 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is 52.29% vs 16.69% in Mar 2025
Annual - Investments
Investments 2,510.87 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is 23.47% vs 12.57% in Mar 2025
Annual - Current Assets
Current Assets 8,527.71 Cr
in Mar 2026Figures in Cr
YoY Growth in year ended Mar 2026 is 102.17% vs 324.40% in Mar 2025






