Financials Max Heights Infrastructure Limited

Equities

MAXHEIGHTS6

INE393F01010

Real Estate Development & Operations

Market Closed - Bombay S.E. 06:00:58 2024-07-16 am EDT 5-day change 1st Jan Change
64.8 INR +3.71% Intraday chart for Max Heights Infrastructure Limited -4.62% +20.40%

Valuation

Fiscal Period: Marzo 2019 2020 2021 2022 2023 2024
Capitalization 1 285.6 156.9 173.3 265.4 1,410 933.7
Enterprise Value (EV) 1 1,326 1,183 937.2 1,046 2,232 1,625
P/E ratio 22.1 x 15.3 x 14.3 x -259 x -158 x 252 x
Yield - - - - - -
Capitalization / Revenue 0.62 x 0.36 x 1.33 x 4.14 x 19.5 x 4.04 x
EV / Revenue 2.89 x 2.69 x 7.17 x 16.3 x 30.9 x 7.03 x
EV / EBITDA 19.4 x 21 x 18.5 x 50 x 109 x 140 x
EV / FCF -10.7 x 24.3 x 2.97 x 90.6 x -65.8 x 15.7 x
FCF Yield -9.31% 4.12% 33.7% 1.1% -1.52% 6.39%
Price to Book 0.92 x 0.49 x 0.56 x 0.88 x 4.84 x 3.16 x
Nbr of stocks (in thousands) 15,609 15,609 15,609 15,609 15,609 15,609
Reference price 2 18.30 10.05 11.10 17.00 90.33 59.82
Announcement Date 9/5/19 9/4/20 9/7/21 7/30/22 9/2/23 7/3/24
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Marzo 2019 2020 2021 2022 2023 2024
Net sales 1 458.6 439.2 130.7 64.12 72.26 231.2
EBITDA 1 68.42 56.44 50.59 20.94 20.5 11.63
EBIT 1 65.42 53.87 49.25 19.85 18.98 9.277
Operating Margin 14.27% 12.26% 37.67% 30.96% 26.26% 4.01%
Earnings before Tax (EBT) 1 23.22 18.89 14.03 -12.55 -17.87 5.393
Net income 1 12.9 10.24 12.12 -1.023 -8.942 3.701
Net margin 2.81% 2.33% 9.27% -1.6% -12.37% 1.6%
EPS 2 0.8267 0.6560 0.7763 -0.0655 -0.5729 0.2371
Free Cash Flow 1 -123.4 48.7 315.5 11.55 -33.9 103.8
FCF margin -26.91% 11.09% 241.29% 18.01% -46.92% 44.89%
FCF Conversion (EBITDA) - 86.29% 623.58% 55.13% - 892.54%
FCF Conversion (Net income) - 475.61% 2,603.56% - - 2,804.24%
Dividend per Share - - - - - -
Announcement Date 9/5/19 9/4/20 9/7/21 7/30/22 9/2/23 7/3/24
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: Marzo 2019 2020 2021 2022 2023 2024
Net Debt 1 1,040 1,026 764 781 822 691
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 15.2 x 18.19 x 15.1 x 37.29 x 40.1 x 59.45 x
Free Cash Flow 1 -123 48.7 315 11.5 -33.9 104
ROE (net income / shareholders' equity) 4.96% 3.92% 2.67% -4.97% -6.59% 1.5%
ROA (Net income/ Total Assets) 1.24% 1.08% 1.39% 0.85% 0.81% 0.41%
Assets 1 1,042 944.5 871.5 -120.3 -1,104 912.5
Book Value Per Share 2 20.00 20.60 19.90 19.20 18.70 18.90
Cash Flow per Share 2 2.030 2.310 1.960 0.2200 1.700 0.7400
Capex 1 6.25 2.63 0.03 - 13.2 0.02
Capex / Sales 1.36% 0.6% 0.02% - 18.23% 0.01%
Announcement Date 9/5/19 9/4/20 9/7/21 7/30/22 9/2/23 7/3/24
1INR in Million2INR
Estimates
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