Max Estates vs Suraj Estate vs Elpro International: Which Stock Should You Track
- September 28, 2026
- Posted by: Lakshit Sharma
- Category: Market
Max Estates PE 805.61, mkt cap Rs 9,752 crore. Suraj Estate Developers PE 11.52, mkt cap Rs 1,058 crore. Elpro International PE 22.55, mkt cap Rs 2,913 crore.
Quick Answer
Max Estates vs Suraj Estate Developers vs Elpro International is a side-by-side comparison of three companies from the Real Estate space. On this comparison, Max Estates carries a market capitalisation of about Rs 9,752 crore against Rs 1,058 crore for Suraj Estate Developers and Rs 2,913 crore for Elpro International, with return on equity of 0.52%, 9.09% and 4.30% respectively. Each company’s numbers are presented here without a declared better pick, since the right stock depends on an investor’s own criteria.
Max Estates vs Suraj Estate Developers vs Elpro International starts with the core numbers most investors compare within the Real Estate segment: market capitalisation, valuation multiples, profitability and dividend yield. Figures below are sourced as of September 2026 and will shift with daily price moves.
All three names sit in the Real Estate bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses.
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Max Estates, Suraj Estate Developers and Elpro International: Company Overview
Max Estates is a listed Indian company in the Real Estate space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Suraj Estate Developers is a listed Indian company in the Real Estate space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Elpro International is a listed Indian company in the Real Estate space, tracked here on book value, return ratios and valuation alongside its peers in this comparison.
Max Estates vs Suraj Estate Developers vs Elpro International: Valuation and Profitability Snapshot
| Metric | Max Estates | Suraj Estate Developers | Elpro International |
|---|---|---|---|
| Market Cap (approx.) | Rs 9,752 crore | Rs 1,058 crore | Rs 2,913 crore |
| PE Ratio (TTM) | 805.61 | 11.52 | 22.55 |
| PB Ratio | 4.03 | 1.07 | 1.43 |
| Return on Equity (ROE) | 0.52% | 9.09% | 4.30% |
| EPS (TTM, Rs) | 0.74 | 19.23 | 7.62 |
| Dividend Yield | 0.00% | 0.00% | 0.00% |
| Debt to Equity | 1.00 | 0.65 | 0.60 |
| Book Value per Share (Rs) | 147.94 | 208.02 | 119.81 |
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On valuation, Max Estates trades at a PE of 805.61 and a PB of 4.03, Suraj Estate Developers at a PE of 11.52 and a PB of 1.07, while Elpro International trades at a PE of 22.55 and a PB of 1.43. On return on equity, the three post 0.52%, 9.09% and 4.30% respectively, and on dividend yield they stand at 0.00%, 0.00% and 0.00%.
Max Estates vs Suraj Estate Developers vs Elpro International: Latest Quarterly Results
| Company | Latest Quarter Revenue | Latest Quarter Net Profit | YoY Change (Revenue) | QoQ Change (Revenue) |
|---|---|---|---|---|
| Max Estates | Rs 80.08 crore | Rs 8.35 crore | -0.1% | +13.5% |
| Suraj Estate Developers | Rs 146.23 crore | Rs 22.85 crore | +9.8% | +44.8% |
| Elpro International | Rs 210.05 crore | Rs 116.14 crore | +47.5% | +25.9% |
Quarterly figures above are the most recent reported quarter for each company (Q1 FY27, quarter ended June 2026), compared with the year-ago and preceding quarter.
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What Should Investors Look at Beyond These Numbers?
Beyond the metrics above, investors comparing these three real estate names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and any sector-specific regulatory developments, since a single-quarter snapshot can shift quickly.
Conclusion
Max Estates vs Suraj Estate Developers vs Elpro International highlights how differently three companies in the same real estate segment can score across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information as of September 2026 and may not reflect real-time prices. Please verify all data independently before making any investment decision. This comparison does not recommend or endorse any single stock over another; investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
FAQs on Max Estates vs Suraj Estate Developers vs Elpro International
What is the market cap difference between Max Estates, Suraj Estate Developers and Elpro International?
Ans. As of September 2026, Max Estates has a market cap of approximately Rs 9,752 crore, Suraj Estate Developers is at approximately Rs 1,058 crore, and Elpro International is at approximately Rs 2,913 crore.
Which of the three has the highest PE ratio?
Ans. Among Max Estates, Suraj Estate Developers and Elpro International, the PE ratios stand at 805.61, 11.52 and 22.55 respectively as of September 2026.
Which of the three has the highest ROE?
Ans. Max Estates, Suraj Estate Developers and Elpro International post ROE of 0.52%, 9.09% and 4.30% respectively as of September 2026.
Which of these three stocks pays the highest dividend yield?
Ans. Max Estates, Suraj Estate Developers and Elpro International carry dividend yields of 0.00%, 0.00% and 0.00% respectively.
What is the debt to equity ratio for Max Estates, Suraj Estate Developers and Elpro International?
Ans. Max Estates carries a debt to equity of 1.00, Suraj Estate Developers of 0.65, and Elpro International of 0.60.
Which of the three trades at the highest price to book value?
Ans. Max Estates, Suraj Estate Developers and Elpro International trade at price to book ratios of 4.03, 1.07 and 1.43 respectively.
Is one of Max Estates, Suraj Estate Developers or Elpro International better than the others?
Ans. This comparison does not declare one stock better than another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor’s own criteria and research.