Max Heights Infrastructure Ltd

MAXHEIGHTS

Watchlist

AI Mode

‌

Market Cap

₹ 20 Cr

P/E

56.86

‌

‌
‌

‌

‌
‌

Investment Checklist

How to read checklist?

Performance

UNDER PERFORMER

Valuation

OVERVALUED

Growth

STABLE

Profitability

MODERATE MARGIN

Technicals

Bearish

Risk

MODERATE RISK

Investment Checklist

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

‌
‌

‌

Price

PE Ratio

Price

‌

Overview

Detailed Summary

Max Heights Infrastructure Ltd is a real estate company specializing in residential, commercial, and mixed-use properties. It offers integrated turnkey construction services in the industrial, commercial, infrastructure, and residential sectors.

The company underwent a corporate transition in 2008, rebranding from Ruchi Vanijya Company Ltd to its current name, reinforcing its brand in the real estate market.

In 2008-09, Max Heights Infrastructure Ltd expanded its operational capabilities and market reach through the mergers with Indovest Financial Services Ltd, North Delhi Construction and Investment Pvt Ltd, and Shyam Motels Pvt Ltd.

The company operates under the experienced leadership of promoters with extensive expertise in the real estate sector, ensuring strategic growth and market adaptation.

Sector

Realty

Industry

Construction - Factories / Offices / Commercial

Market Cap

20 Cr

Volatility

Low Risk

P/E Ratio

56.9

Industry P/E

35.8

PEG Ratio

0.5

P/B Ratio

0.7

52W High

31.00

52W Low

11.01

Sales CAGR

212.26%

-5.50%

5.43%

10Y

-1.39%

Profit CAGR

123.08%

—

10Y

—

ROE

TTM

1.04%

-0.74%

1.12%

10Y

2.20%

ROCE

TTM

0.93%

2.20%

3.71%

10Y

4.99%

Technicals

‌

Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
TECHIN	15.17	22 Cr	—	2.01	0.00	-4.66	-0.35	-0.60
SHRICON	171.95	20 Cr	33.57	4.42	0.00	13.15	13.18	12.45
MAXHEIGHTS	12.15	20 Cr	56.86	0.66	0.00	1.04	0.93	0.31
STLSTRINF	23.30	19 Cr	10.08	0.22	0.00	2.20	2.20	1.86
SFPIL	9.44	19 Cr	—	0.96	0.00	-1.26	-1.17	-1.19
VISVEN	55.58	18 Cr	—	2.32	0.00	-7.51	3.66	-1.97
ADHBHUTIN	16.57	18 Cr	—	0.00	0.00	13.63	-3.35	-3.24

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

AI Mode

Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Sales	0.79	2.38	1.43	1.56	1.72	1.37	2.53	3.94	10	0.92
Expenses	0.86	1.62	1.36	1.21	1.40	1.15	1.40	4.48	9.22	0.80
Operating Profit	-0.07	0.76	0.07	0.35	0.32	0.22	1.13	-0.54	0.86	0.12
OPM %	-8.86	31.93	4.90	22.44	18.60	16.06	44.66	-13.71	8.53	13.04
Other Income	0.48	0.54	0.01	0.00	0.01	0.00	0.04	0.00	0.01	0.03
Interest	0.02	0.02	3.18	0.04	0.29	0.01	3.35	0.13	0.15	0.03
Depreciation	0.03	0.03	0.03	0.03	0.03	0.03	0.07	0.07	0.07	0.07
Profit Before Tax	0.37	1.25	-3.13	0.29	0.00	0.18	-2.25	-0.74	0.65	0.05
Tax %	0.00	0.00	-7.99	0.00	—	0.00	-1.33	0.00	0.00	0.00
Net Profit	0.37	1.25	-3.38	0.29	0.00	0.18	-2.28	-0.74	0.65	0.05
EPS in Rs	0.28	0.87	-0.32	0.19	0.00	0.11	0.17	-0.05	0.42	-0.07

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	53	41	60	45	43	10	5.43	7.18	22	17
Expenses	51	39	53	39	38	8.02	4.32	5.18	22	16
Operating Profit	2.33	2.59	6.82	6.47	5.13	2.33	1.11	2.01	0.46	1.57
OPM %	4.41	6.29	11.42	14.22	11.81	22.51	20.43	27.95	2.05	8.99
Other Income	0.65	0.92	0.44	0.38	0.59	2.75	0.99	0.04	0.70	0.08
Interest	1.21	1.28	4.84	4.22	3.57	3.54	3.24	3.69	0.39	3.66
Depreciation	0.26	0.30	0.31	0.30	0.26	0.13	0.11	0.15	0.24	0.28
Profit Before Tax	1.51	1.93	2.11	2.32	1.89	1.40	-1.26	-1.79	0.54	-2.29
Tax %	32.06	31.29	25.09	26.03	24.73	34.45	-19.69	-1.58	21.75	-1.31
Net Profit	1.02	1.32	1.58	1.72	1.42	0.92	-1.50	-1.82	0.42	-2.32
EPS in Rs	0.36	0.30	0.22	0.42	0.33	1.31	1.00	0.47	—	0.47
Dividend Payout %	8.93	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	16	16	16	16	16	16	16	16	16	16
Reserves	11	12	13	14	16	17	15	14	14	14
Borrowings	70	75	85	104	111	106	79	78	85	70
Other Liabilities	188	190	211	200	184	157	38	35	35	37
Total Liabilities	285	292	324	334	326	295	148	144	149	137
Fixed Assets	1.01	1.27	0.99	1.33	1.64	1.62	0.48	0.37	1.53	1.30
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.01	0.01	0.11	0.11	0.11	0.11	0.50	0.57	0.57	0.56
Other Assets	284	291	323	333	325	293	147	143	147	135
Total Assets	285	292	324	334	326	295	148	144	149	137

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity	-34	-7.80	-13	-14	-8.95	8.19	-2.91	0.08	0.80	11
Cash from Investing Activity	0.36	0.79	0.39	-0.29	0.41	0.67	4.47	3.48	-1.21	2.96
Cash from Financing Activity	45	5.28	8.40	15	3.03	-8.41	0.68	-4.24	2.71	-15
Net Cash Flow	12	-1.73	-4.29	0.68	-5.51	0.45	2.24	-0.68	2.30	-1.50

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	52.78%	52.78%	52.78%	52.78%	52.78%	52.78%	52.78%	52.78%	52.78%	52.78%	52.78%	52.78%
FIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	47.22%	47.22%	47.22%	47.22%	47.22%	47.22%	47.22%	47.22%	47.22%	47.22%	47.22%	47.22%
Total Shareholders	1,521	1,540	1,557	1,507	1,577	1,306	1,314	1,376	1,532	1,572	1,643	1,763

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Oct 31, 2025	Green peaks enterprises llp	Bulk	Sell	16.82	0.15 Cr	89,298	0.57
Oct 31, 2025	Green peaks enterprises llp	Bulk	Buy	16.63	0.11 Cr	68,334	0.43
Mar 27, 2025	Mansi narang	Insider - Promoter & Director	Acquisition	0.00	0.00 Cr	24,00,000	15.3
Mar 27, 2025	Naveen narang	Insider - Promoter & Director	Disposal	0.00	0.00 Cr	24,00,000	15.3
Mar 11, 2024	Pradeep narendra vyas	Bulk	Buy	63.51	1.29 Cr	2,02,700	1.29
Mar 11, 2024	Adwita finvest private limited	Bulk	Sell	63.56	1.17 Cr	1,84,247	1.18
Feb 02, 2024	Manan narang	Insider - Promoter	Disposal	10.00	0.82 Cr	8,19,001	5.25
Feb 02, 2024	Sumitra narang	Insider - Promoter	Acquisition	10.00	0.82 Cr	8,19,001	5.24
Dec 21, 2022	Tushar rohitbhai pandya	Bulk	Buy	54.15	0.52 Cr	95,877	0.61

Projection

Actions

Action Type

‌
‌

Announcements

Last 7 days

Newest

Sentiment

Sorry, no results found!

Documents

Presentations

Concalls

Reports

Presentations

No documents found!

AI Mode

Get instant AI-powered insights about company performance, financials, and strategy. Ask questions about trends, competition, and developments while receiving responses backed by official documents and market data, with clear attribution to source documents.

AI Mode

Oscillators

BearishNeutralBullish

Neutral

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Financial Statements

AI Powered Summary

Discover detailed, AI-driven financial summaries that break down key metrics, trends, and insights—empowering you to make smarter investment decisions.

AI Mode

Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Sales	0.79	2.38	1.43	1.56	1.72	1.37	2.53	3.94	10	0.92
Expenses	0.86	1.62	1.36	1.21	1.40	1.15	1.40	4.48	9.22	0.80
Operating Profit	-0.07	0.76	0.07	0.35	0.32	0.22	1.13	-0.54	0.86	0.12
OPM %	-8.86	31.93	4.90	22.44	18.60	16.06	44.66	-13.71	8.53	13.04
Other Income	0.48	0.54	0.01	0.00	0.01	0.00	0.04	0.00	0.01	0.03
Interest	0.02	0.02	3.18	0.04	0.29	0.01	3.35	0.13	0.15	0.03
Depreciation	0.03	0.03	0.03	0.03	0.03	0.03	0.07	0.07	0.07	0.07
Profit Before Tax	0.37	1.25	-3.13	0.29	0.00	0.18	-2.25	-0.74	0.65	0.05
Tax %	0.00	0.00	-7.99	0.00	—	0.00	-1.33	0.00	0.00	0.00
Net Profit	0.37	1.25	-3.38	0.29	0.00	0.18	-2.28	-0.74	0.65	0.05
EPS in Rs	0.28	0.87	-0.32	0.19	0.00	0.11	0.17	-0.05	0.42	-0.07

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	53	41	60	45	43	10	5.43	7.18	22	17
Expenses	51	39	53	39	38	8.02	4.32	5.18	22	16
Operating Profit	2.33	2.59	6.82	6.47	5.13	2.33	1.11	2.01	0.46	1.57
OPM %	4.41	6.29	11.42	14.22	11.81	22.51	20.43	27.95	2.05	8.99
Other Income	0.65	0.92	0.44	0.38	0.59	2.75	0.99	0.04	0.70	0.08
Interest	1.21	1.28	4.84	4.22	3.57	3.54	3.24	3.69	0.39	3.66
Depreciation	0.26	0.30	0.31	0.30	0.26	0.13	0.11	0.15	0.24	0.28
Profit Before Tax	1.51	1.93	2.11	2.32	1.89	1.40	-1.26	-1.79	0.54	-2.29
Tax %	32.06	31.29	25.09	26.03	24.73	34.45	-19.69	-1.58	21.75	-1.31
Net Profit	1.02	1.32	1.58	1.72	1.42	0.92	-1.50	-1.82	0.42	-2.32
EPS in Rs	0.36	0.30	0.22	0.42	0.33	1.31	1.00	0.47	—	0.47
Dividend Payout %	8.93	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Equity Capital	16	16	16	16	16	16	16	16	16	16
Reserves	11	12	13	14	16	17	15	14	14	14
Borrowings	70	75	85	104	111	106	79	78	85	70
Other Liabilities	188	190	211	200	184	157	38	35	35	37
Total Liabilities	285	292	324	334	326	295	148	144	149	137
Fixed Assets	1.01	1.27	0.99	1.33	1.64	1.62	0.48	0.37	1.53	1.30
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Investments	0.01	0.01	0.11	0.11	0.11	0.11	0.50	0.57	0.57	0.56
Other Assets	284	291	323	333	325	293	147	143	147	135
Total Assets	285	292	324	334	326	295	148	144	149	137

Consolidated Cash Flows (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity	-34	-7.80	-13	-14	-8.95	8.19	-2.91	0.08	0.80	11
Cash from Investing Activity	0.36	0.79	0.39	-0.29	0.41	0.67	4.47	3.48	-1.21	2.96
Cash from Financing Activity	45	5.28	8.40	15	3.03	-8.41	0.68	-4.24	2.71	-15
Net Cash Flow	12	-1.73	-4.29	0.68	-5.51	0.45	2.24	-0.68	2.30	-1.50

Overview

Detailed Summary

The company underwent a corporate transition in 2008, rebranding from Ruchi Vanijya Company Ltd to its current name, reinforcing its brand in the real estate market.

The company operates under the experienced leadership of promoters with extensive expertise in the real estate sector, ensuring strategic growth and market adaptation.

Sector

Realty

Industry

Construction - Factories / Offices / Commercial

Market Cap

20 Cr

Volatility

Low Risk

P/E Ratio

56.9

Industry P/E

35.8

PEG Ratio

0.5

P/B Ratio

0.7

52W High

31.00

52W Low

11.01

Sales CAGR

212.26%

-5.50%

5.43%

10Y

-1.39%

Profit CAGR

123.08%

—

10Y

—

ROE

TTM

1.04%

-0.74%

1.12%

10Y

2.20%

ROCE

TTM

0.93%

2.20%

3.71%

10Y

4.99%

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
TECHIN	15.17	22 Cr	—	2.01	0.00	-4.66	-0.35	-0.60
SHRICON	171.95	20 Cr	33.57	4.42	0.00	13.15	13.18	12.45
MAXHEIGHTS	12.15	20 Cr	56.86	0.66	0.00	1.04	0.93	0.31
STLSTRINF	23.30	19 Cr	10.08	0.22	0.00	2.20	2.20	1.86
SFPIL	9.44	19 Cr	—	0.96	0.00	-1.26	-1.17	-1.19
VISVEN	55.58	18 Cr	—	2.32	0.00	-7.51	3.66	-1.97
ADHBHUTIN	16.57	18 Cr	—	0.00	0.00	13.63	-3.35	-3.24