Equinox India Development Indiabulls Real Estate Limited (NSE: EMBDL) and Max Estates Ltd (NSE: MAXESTATES) are both listed in the Real Estate Development industry. Equinox India Development Indiabulls Real Estate has a market capitalisation of ₹7,307 Cr and Max Estates ₹8,368 Cr, as of 9 Nov 2026. Return on equity is -9.05% for Equinox India Development Indiabulls Real Estate and 0.54% for Max Estates. Over one year, Equinox India Development Indiabulls Real Estate's share price is down 44.3% and Max Estates's is up 10.4%.
| Metric | Equinox India Development Indiabulls Real Estate | Max Estates |
|---|---|---|
| NSE Symbol | EMBDL | MAXESTATES |
| BSE Code | 532832 | 544008 |
| Share Price | ₹52.24 | ₹531.55 |
| Market Cap | ₹7,307 Cr | ₹8,368 Cr |
| P/E Ratio | Not meaningful (loss) | 662.6 |
| Return on Equity | -9.05% | 0.54% |
| Return on Assets | -1.31% | 0.56% |
| Dividend Yield | 0.00% | — |
| Beta (1Y) | 1.68 | 0.88 |
| 1-Year Price Change | -44.3% | +10.4% |
| 3-Month Price Change | -20.0% | +26.1% |
| 52-Week Range | ₹39.46 – ₹87.96 | ₹305.45 – ₹652.80 |
| Latest Quarter | Q2 FY27 | Q2 FY27 |
| Quarterly Revenue | ₹292 Cr | ₹53 Cr |
| Quarterly Net Profit | ₹-271 Cr | ₹5 Cr |
| Net Margin | -92.8% | 8.9% |
| EPS (Basic, Quarter) | ₹-1.95 | ₹0.29 |
| Results Basis | consolidated | consolidated |
| Headquarters | Mumbai, Maharashtra | Noida, Uttar Pradesh |
The figures sit side by side and are not ranked. Quarterly figures are in ₹ crore, parsed from each company's exchange filing (XBRL); the two companies' latest quarters can differ.
Embassy Developments Limited operates as a real estate company in India. The company project portfolio is real estate developers, specializing in the construction and development of residential, commercial, and Special Economic Zone (SEZ) projects. The company was formerly known as Equinox India Developments Limited and changed its name to Embassy Developments Limited in February 2025. Equinox India Developments Limited was incorporated in 2006 and is based in Mumbai, India.
Max Estates Limited develops and constructs residential and commercial properties. The company also offers investment, facility management, managed office, and shared services. In addition, it engages in the real estate development, letting, and sub-letting; leasing, selling, and distribution of residential or commercial complex, houses, buildings, etc. The company was incorporated in 2016 and is based in Noida, India.
Max Estates has a market capitalisation of ₹8,368 Cr, against ₹7,307 Cr for Equinox India Development Indiabulls Real Estate as of 9 Nov 2026, about 1.1 times the size by market cap.
Equinox India Development Indiabulls Real Estate has a return on equity of -9.05% and Max Estates 0.54%.
Equinox India Development Indiabulls Real Estate's share price is down 44.3% over one year and Max Estates's is up 10.4%.
Equinox India Development Indiabulls Real Estate reported revenue of ₹292 Cr and net profit of ₹-271 Cr for Q2 FY27. Max Estates reported revenue of ₹53 Cr and net profit of ₹5 Cr for Q2 FY27. Figures are parsed from each company's exchange filing.
Both are classified under Real Estate Management and Development > Real Estate Development on FinBizNet.
No. The page lays the two companies' published figures side by side and draws no conclusion from them. It is descriptive market data, not investment advice.
Data as of 9 Nov 2026. Descriptive market data only — not investment advice.