Mahindra Lifespace Developers Ltd

Mahindra Lifespace Developers Ltd

₹ 587 3.89%
28 Mar - close price
About

Mahindra Lifespace Developers Ltd was incorporated in 1999, it is engaged in the business of development of the real estate, residential facilities, commercial complexes and through its subsidiary companies is involved in various infrastructure projects including the development of SEZs and Industrial Clusters. [1][2]

Key Points

Business Segment
Project Management and Development: This segment of the business includes income from the sale of residential units across projects, project management, and development in India.
Operating of Commercial Complexes: This segment of the business includes rental income from commercial properties in New Delhi. [1]

  • Market Cap 9,096 Cr.
  • Current Price 587
  • High / Low 633 / 332
  • Stock P/E
  • Book Value 102
  • Dividend Yield 0.39 %
  • ROCE 1.70 %
  • ROE 1.42 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 31.9%
  • Debtor days have improved from 126 to 75.6 days.

Cons

  • Stock is trading at 5.77 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -0.13% over past five years.
  • Company has a low return on equity of -1.99% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Construction Industry: Construction

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
36 42 140 6 4 102 11 37 175 250 7 7 2
65 79 165 35 40 137 43 74 190 276 51 45 45
Operating Profit -29 -37 -25 -29 -36 -35 -32 -37 -16 -26 -45 -37 -43
OPM % -83% -90% -18% -442% -908% -34% -304% -101% -9% -11% -671% -503% -2,066%
7 1 5 26 7 118 119 15 78 69 36 42 8
Interest 1 0 1 2 1 1 1 2 3 3 4 0 0
Depreciation 2 2 1 1 1 2 2 3 3 2 2 3 4
Profit before tax -25 -38 -21 -5 -32 80 84 -27 57 38 -15 2 -39
Tax % 27% 24% 27% 17% 25% -7% 8% 27% -6% 8% 64% 26% 25%
-18 -28 -15 -4 -24 86 77 -20 60 35 -5 2 -29
EPS in Rs -1.20 -1.85 -1.00 -0.28 -1.53 5.59 4.96 -1.29 3.88 2.24 -0.35 0.10 -1.86
Raw PDF
Upcoming result date: 26 April 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
469 352 307 624 502 681 475 486 440 90 253 472 266
348 257 278 398 434 646 439 462 504 195 375 584 417
Operating Profit 121 95 29 226 68 34 36 24 -64 -106 -123 -112 -151
OPM % 26% 27% 9% 36% 14% 5% 8% 5% -15% -118% -49% -24% -57%
52 71 114 136 99 73 82 69 -156 46 156 281 155
Interest 3 28 39 22 47 32 35 5 2 4 5 9 7
Depreciation 3 2 2 3 4 4 4 3 7 7 6 10 11
Profit before tax 168 136 101 338 117 71 79 85 -230 -70 22 151 -14
Tax % 28% 28% 23% 31% 33% 31% 33% 31% 2% 25% -91% -0%
120 97 78 233 78 49 53 59 -226 -52 43 151 2
EPS in Rs 7.85 6.37 5.08 15.17 5.09 3.18 3.45 3.80 -14.67 -3.39 2.78 9.78 0.13
Dividend Payout % 20% 25% 32% 21% 31% 50% 58% 53% 0% 0% 72% 24%
Compounded Sales Growth
10 Years: 3%
5 Years: 0%
3 Years: 2%
TTM: -18%
Compounded Profit Growth
10 Years: -13%
5 Years: -15%
3 Years: 25%
TTM: -1%
Stock Price CAGR
10 Years: 18%
5 Years: 37%
3 Years: 46%
1 Year: 75%
Return on Equity
10 Years: 3%
5 Years: 0%
3 Years: -2%
Last Year: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 41 41 41 41 41 41 51 51 51 51 155 155 155
Reserves 1,079 1,149 1,096 1,282 1,431 1,452 1,754 1,700 1,445 1,394 1,337 1,458 1,421
170 407 696 500 691 564 368 120 124 112 171 241 294
210 244 339 411 432 372 331 555 379 476 656 1,302 1,538
Total Liabilities 1,500 1,840 2,171 2,234 2,594 2,429 2,504 2,426 2,000 2,033 2,318 3,156 3,408
29 25 29 30 9 32 28 28 31 24 36 35 58
CWIP 0 1 0 0 1 8 9 10 12 15 3 5 9
Investments 449 431 750 573 800 804 851 651 467 470 491 763 761
1,023 1,384 1,393 1,631 1,784 1,584 1,616 1,738 1,490 1,525 1,788 2,353 2,579
Total Assets 1,500 1,840 2,171 2,234 2,594 2,429 2,504 2,426 2,000 2,033 2,318 3,156 3,408

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
8 -154 -132 87 -165 142 106 160 -90 -92 -71 -181
-122 -57 -147 202 146 3 -79 222 102 137 112 20
32 182 222 -284 118 -237 -37 -309 -48 -21 42 23
Net Cash Flow -83 -28 -57 4 99 -92 -10 73 -36 24 83 -138

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 69 25 31 9 37 32 91 85 74 204 98 76
Inventory Days
Days Payable
Cash Conversion Cycle 69 25 31 9 37 32 91 85 74 204 98 76
Working Capital Days 485 966 958 590 807 517 736 691 795 3,456 1,181 665
ROCE % 14% 11% 8% 20% 8% 5% 5% 4% 1% -4% -5% 2%

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
51.46% 51.45% 51.45% 51.34% 51.33% 51.33% 51.31% 51.30% 51.28% 51.20% 51.19% 51.18%
13.50% 12.59% 11.60% 10.61% 9.77% 10.60% 11.42% 11.07% 11.30% 11.45% 11.87% 8.53%
14.21% 16.02% 16.02% 17.38% 18.81% 18.92% 18.34% 18.96% 19.44% 19.86% 20.18% 23.18%
20.84% 19.95% 20.94% 20.67% 20.08% 19.15% 18.92% 18.66% 17.98% 17.48% 16.77% 17.10%
No. of Shareholders 53,95154,84172,60670,85168,39668,92974,05373,01272,86574,13291,84097,967

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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