Mahesh Developers Ltd

₹ 12.3 4.95%

02 Dec 2024

About

Incorporated in 2008, Mahesh Developers Ltd is in the business of Civil Construction and Real Estate Development^[1]

Key Points

Business Overview:^[1]^[2]
Company is in the construction business. It started as a contractor for a residential project and has built 125+ residential and commercial buildings as contractor in prime areas of Khar, Bandra, BKC, Santacruz, Parle, Juhu Scheme, Andheri and Goregoan

Website BSE

Market Cap ₹ 5.11 Cr.
Current Price ₹ 12.3
High / Low ₹ /
Stock P/E 46.4
Book Value ₹ 9.61
Dividend Yield 0.00 %
ROCE 0.20 %
ROE 0.51 %
Face Value ₹ 10.0

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Pros

Cons

Company has a low return on equity of 0.95% over last 3 years.
Company might be capitalizing the interest cost

* 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

Consumer Discretionary Realty Realty Residential, Commercial Projects

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Detailed Comparison with:

Quarterly Results

Figures in Rs. Crores

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	-0.28	0.35	0.80	0.18	0.02	-0.16	0.04	-0.01	-0.01	-0.06	-0.02	-0.03	-0.03
Operating Profit	0.28	-0.35	-0.80	-0.18	-0.02	0.16	-0.04	0.01	0.01	0.06	0.02	0.03	0.03
OPM %
	0.00	-0.24	0.85	0.22	0.00	0.02	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest	0.00	0.40	0.00	0.00	0.00	0.22	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	0.28	-0.99	0.05	0.04	-0.02	-0.04	-0.04	0.01	0.01	0.06	0.02	0.03	0.03
Tax %	25.00%	-20.20%	20.00%	25.00%	0.00%	-25.00%	0.00%	0.00%	0.00%	16.67%	50.00%	33.33%	33.33%
	0.20	-0.80	0.04	0.03	-0.01	-0.04	-0.04	0.01	0.00	0.05	0.02	0.02	0.02
EPS in Rs	0.48	-1.93	0.10	0.07	-0.02	-0.10	-0.10	0.02	0.00	0.12	0.05	0.05	0.05
Raw PDF

Profit & Loss

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	-0.01	0.00	0.00	24.70	17.08	0.31	0.96	0.00	0.00	0.00	0.00	0.00	0.00
	1.69	0.14	-2.51	23.31	15.29	0.00	0.41	0.15	-0.47	-0.49	-0.23	-0.03	-0.14
Operating Profit	-1.70	-0.14	2.51	1.39	1.79	0.31	0.55	-0.15	0.47	0.49	0.23	0.03	0.14
OPM %				5.63%	10.48%	100.00%	57.29%
	0.00	0.21	0.04	0.47	0.86	0.23	0.05	0.01	0.01	0.00	0.02	0.00	0.00
Interest	0.15	0.00	2.48	1.89	1.35	0.51	0.44	0.00	0.39	0.40	0.22	0.00	0.00
Depreciation	0.00	0.03	0.03	0.02	0.02	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit before tax	-1.85	0.04	0.04	-0.05	1.28	0.02	0.16	-0.14	0.09	0.09	0.03	0.03	0.14
Tax %	0.00%	50.00%	50.00%	0.00%	31.25%	0.00%	31.25%	0.00%	22.22%	22.22%	0.00%	33.33%
	-1.85	0.03	0.02	-0.04	0.88	0.01	0.11	-0.14	0.07	0.07	0.03	0.02	0.11
EPS in Rs	-154.17	2.50	1.67	-0.13	2.93	0.02	0.26	-0.34	0.17	0.17	0.07	0.05	0.27
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Compounded Sales Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	%

Compounded Profit Growth
10 Years:	-4%
5 Years:	-29%
3 Years:	-34%
TTM:	257%

Stock Price CAGR
10 Years:	%
5 Years:	22%
3 Years:	-3%
1 Year:	%

Return on Equity
10 Years:	1%
5 Years:	0%
3 Years:	1%
Last Year:	1%

Balance Sheet

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	0.12	0.12	0.12	3.00	3.00	4.15	4.15	4.15	4.15	4.15	4.15	4.15	4.15
Reserves	0.24	0.23	0.26	0.21	1.10	1.11	1.22	1.09	1.53	-0.25	-0.22	-0.20	-0.16
	8.29	16.44	42.15	33.11	18.80	17.01	16.80	17.18	15.67	7.34	10.58	10.85	11.10
	0.03	2.85	6.49	3.14	1.85	1.65	1.73	4.15	11.44	27.96	29.86	32.58	33.03
Total Liabilities	8.68	19.64	49.02	39.46	24.75	23.92	23.90	26.57	32.79	39.20	44.37	47.38	48.12
	0.16	2.17	2.21	2.19	0.04	3.90	4.03	4.03	3.08	3.20	3.19	3.19	3.19
CWIP	0.00	0.00	0.00	0.00	0.00	0.00	13.49	15.59	0.00	0.00	0.00	0.00	0.00
Investments	0.00	0.00	4.29	4.54	5.94	3.89	0.00	0.00	0.00	0.00	6.52	7.70	0.00
	8.52	17.47	42.52	32.73	18.77	16.13	6.38	6.95	29.71	36.00	34.66	36.49	44.93
Total Assets	8.68	19.64	49.02	39.46	24.75	23.92	23.90	26.57	32.79	39.20	44.37	47.38	48.12

Cash Flows

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	0.00	0.00	-25.79	6.28	11.98	1.15	-0.32	0.36	1.28	8.28	0.40	0.94
	0.00	0.00	-0.07	0.00	2.13	0.03	0.60	-0.41	0.23	0.23	-3.67	-1.18
	0.00	0.00	25.71	-6.17	-14.30	-1.01	-0.22	0.39	-1.51	-8.33	3.24	0.27
Net Cash Flow	0.00	0.00	-0.14	0.11	-0.19	0.17	0.06	0.34	0.00	0.18	-0.03	0.02
Free Cash Flow	0.00	0.00	-25.86	6.28	14.11	-0.87	-0.44	0.36	1.17	8.16	0.40	0.94
CFO/OP	0%	0%	-1,027%	452%	692%	371%	-51%	-240%	268%	1,694%	174%	3,167%

Ratios

Figures in Rs. Crores

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	0.00			51.72	8.33	600.48	178.70
Inventory Days				365.48	238.49		0.00					0.00
Days Payable				0.00	0.00
Cash Conversion Cycle	0.00			417.20	246.82	600.48	178.70
Working Capital Days	30,295.00			121.32	-47.44	16,436.77	422.03
ROCE %	-28.96%	0.31%	8.50%	4.67%	5.98%	2.35%	2.70%	-0.63%	2.19%	3.01%	1.94%	0.20%

Insights

In beta

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Value of Work-in-Progress (Inventory)
INR Lakhs

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Advance Against Flat Bookings
INR Lakhs

Major Active Projects Under Development
Number

Revenue Contribution from Construction Segment
Percentage

Project Completion Status - Ramkrishna (Khar West)
Percentage

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	72.29%	72.29%	72.29%	72.29%	72.29%	72.29%	72.29%	72.29%	72.29%	72.29%	72.29%	72.29%
	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%
	27.66%	27.66%	27.66%	27.65%	27.66%	27.66%	27.66%	27.66%	27.67%	27.67%	27.66%	27.66%
No. of Shareholders	9,804	9,866	9,897	9,946	9,944	9,947	9,931	9,928	9,921	9,921	9,919	9,916

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	72.25%	72.29%	72.29%	72.29%	72.29%	72.29%	72.29%
	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%	0.05%
	27.70%	27.66%	27.66%	27.67%	27.65%	27.66%	27.66%
No. of Shareholders	9,686	9,709	9,719	9,762	9,946	9,928	9,916

* 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.

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Mahesh Developers Ltd

Mahesh Developers Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports