Macrotech Developers Ltd

Macrotech Devel. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Macrotech Developers Ltd

₹ 1,216 -2.72%
25 Apr 10:59 a.m.
lodhagroup.com BSE: 543287 NSE : LODHA
About

Macrotech Developers Ltd is primarily engaged in the business of real estate development. It is among the largest real estate developers in India with a presence in MMR (Mumbai Metropolitan Region) and Pune markets.[1]

Key Points

About
MDL is one of the largest real estate developers in India. Established in 1980s, it has developed properties over 85 msf mostly in the MMR market. As of FY23, MDL has 33 operating projects and has a presence across luxury, premium, mid income & affordable segment with ~60% revenue is from affordable & mid-income segment.[1]

Website BSE NSE
  • Market Cap ₹ 1,20,971 Cr.
  • Current Price ₹ 1,216
  • High / Low ₹ 1,294 / 446
  • Stock P/E 89.1
  • Book Value ₹ 171
  • Dividend Yield 0.08 %
  • ROCE 9.75 %
  • ROE 9.19 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 7.32 times its book value
  • Promoter holding has decreased over last quarter: -2.76%
  • Company has a low return on equity of 6.76% 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

Sector: Construction Industry: Construction

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
3,061 1,575 2,060 1,398 3,320 2,709 1,734 1,677 3,105 1,408 1,731 2,794 3,526
2,107 1,243 1,623 1,067 2,462 2,192 1,312 1,321 2,415 1,131 1,334 1,984 2,687
Operating Profit 953 332 437 330 858 517 422 357 690 278 397 810 839
OPM % 31% 21% 21% 24% 26% 19% 24% 21% 22% 20% 23% 29% 24%
17 86 -43 38 10 14 -1,170 166 68 93 23 -192 130
Interest 237 157 67 70 101 123 133 135 136 154 140 130 119
Depreciation 17 14 14 14 14 21 32 34 38 41 46 42 122
Profit before tax 716 247 314 284 754 387 -913 354 584 176 234 445 729
Tax % 43% 26% 24% 27% 33% 26% -3% -8% -24% 23% 25% 30% 26%
412 182 238 209 504 286 -939 383 726 135 176 313 539
EPS in Rs 5.20 2.04 2.67 2.17 5.24 2.97 -9.75 3.98 7.53 1.40 1.83 3.25 5.42
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
6,795 5,865 7,443 9,516 8,115 4,300 8,353 8,735 9,460
5,137 4,741 6,071 7,105 6,205 3,310 6,388 6,893 7,136
Operating Profit 1,658 1,124 1,372 2,411 1,909 990 1,966 1,842 2,324
OPM % 24% 19% 18% 25% 24% 23% 24% 21% 25%
26 -15 551 18 -225 -314 91 -922 55
Interest 201 169 697 414 786 823 402 601 543
Depreciation 376 419 385 151 243 57 56 124 251
Profit before tax 1,107 521 841 1,864 655 -204 1,599 194 1,584
Tax % 38% 38% 38% 35% 34% 9% 29% -57% 27%
688 321 521 1,212 433 -186 1,134 305 1,164
EPS in Rs 15.92 7.09 6.58 15.31 5.47 -2.35 11.77 3.17 11.70
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 32% 19%
Compounded Sales Growth
10 Years: %
5 Years: 0%
3 Years: 30%
TTM: 8%
Compounded Profit Growth
10 Years: %
5 Years: 2%
3 Years: 61%
TTM: 1427%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 63%
1 Year: 176%
Return on Equity
10 Years: %
5 Years: 8%
3 Years: 7%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 108 113 396 396 396 396 482 482 994
Reserves 2,912 3,729 4,626 3,225 3,941 3,758 11,695 12,087 15,999
Preference Capital 500 0 0 0 0 0 0 0
11,331 12,553 15,860 16,999 16,897 14,815 10,832 10,590 8,875
11,010 12,155 9,283 15,000 13,205 12,998 14,553 17,181 21,756
Total Liabilities 25,361 28,551 30,165 35,620 34,439 31,968 37,562 40,340 47,624
1,212 1,105 1,863 1,491 1,685 1,627 1,712 1,955 1,129
CWIP 289 100 6 6 6 6 0 0 0
Investments 1,679 2,587 925 982 1,058 1,059 612 380 2,385
22,181 24,758 27,371 33,141 31,690 29,276 35,238 38,005 44,111
Total Assets 25,361 28,551 30,165 35,620 34,439 31,968 37,562 40,340 47,624

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2,000 3,456 1,961 1,108
-147 496 -1,624 1,690
-1,985 -3,873 -202 -1,857
Net Cash Flow -131 79 134 940

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 25 20 35 16 33 49 22 30 29
Inventory Days
Days Payable
Cash Conversion Cycle 25 20 35 16 33 49 22 30 29
Working Capital Days 1,041 663 803 566 697 1,180 720 731 789
ROCE % 4% 8% 11% 9% 5% 10% 8%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
88.50% 88.50% 82.22% 82.22% 82.20% 82.20% 75.00% 74.99% 74.96% 74.93% 74.92% 72.16%
8.68% 8.73% 15.27% 14.91% 14.54% 13.93% 19.42% 18.98% 19.83% 20.52% 21.09% 23.79%
1.03% 1.07% 1.18% 1.45% 1.86% 2.54% 3.48% 3.68% 3.81% 3.50% 3.21% 3.32%
1.79% 1.70% 1.33% 1.43% 1.40% 1.34% 2.10% 2.33% 1.40% 1.05% 0.78% 0.73%
No. of Shareholders 38,91038,89645,84350,65253,30453,34351,05853,43155,20252,59052,80560,812

* 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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