Max Heights (534338)

Score breakdown: P/E: 2/3 · ROCE: 0/2 · Growth: 2/2 · Dividend: 0/1

Key Financials

Strengths

• Profit growth of 550% has lifted trailing earnings enough to show a P/E of 18.40.
• Piotroski F-score of 5/9 points to moderate financial health rather than outright distress.
• Book value per share of ₹21.53 provides a tangible asset base, even if the price is far above it.
• The share price move from ₹10.26 to ₹57.93 shows market interest in a possible turnaround.

Concerns

• Latest quarter sales and net profit are ₹0 Cr, meaning the business is currently not generating revenue or profit.
• ROCE of -0.51% and ROE of 3.21% indicate poor capital productivity, and debt/equity plus promoter holding data are unavailable.
• Sales growth is -17.65% and dividend yield is 0%, so shareholders get no income while operations shrink.
• At ₹57.93, the stock trades at 2.69 times book value with no margin of safety.

AI Analysis

Max Heights is the kind of stock that makes me reach for the smelling salts, not the checkbook. Yes, the share price has climbed from ₹10.26 to ₹57.93, and a reported 550% profit growth with a PEG of 0.03 looks tempting. But I have learned to ignore the market’s mood swings and focus on what the business actually earns. The latest quarter shows sales of ₹0 Cr and net profit of ₹0 Cr. Zero. You cannot value a company on historical earnings when the current income statement is empty. The trailing P/E of 18.40 is built on a profit burst that has already disappeared, and at ₹57.93 I am being asked to pay 2.69 times book value for a company whose return on equity is just 3.21% and whose return on capital employed is negative at -0.51%. That is value destruction, not compounding. Sales are down 17.65%, there is no dividend, promoter holding is not disclosed, and even debt/equity is unavailable. The Piotroski F-score of 5/9 tells me financial health is mediocre, not exceptional. If this is a turnaround, it is an incomplete one: a recovery needs sustained cash-generative projects, not a single quarter of zero revenue. In Graham’s terms, there is no margin of safety at 2.69 times book. The low PEG is a trap when the 'G' is a low-base artifact. I would need years of consistent earnings, a visible competitive advantage in residential/commercial projects, and honest disclosure before treating this as an investment. Until then, the only thing certain here is price volatility, not intrinsic value.

Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer