Macrotech Developers Ltd
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]
- Market Cap ₹ 1,16,451 Cr.
- Current Price ₹ 1,171
- High / Low ₹ 1,278 / 440
- Stock P/E 68.1
- Book Value ₹ 135
- Dividend Yield 0.09 %
- ROCE 8.76 %
- ROE 10.1 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Stock is trading at 8.70 times its book value
- Promoter holding has decreased over last quarter: -2.76%
- The company has delivered a poor sales growth of -0.43% over past five years.
- Tax rate seems low
- Company has a low return on equity of 11.0% 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
2,173 | 2,954 | 6,236 | 8,249 | 7,926 | 9,677 | 11,907 | 12,443 | 5,449 | 9,233 | 9,470 | 9,553 | |
1,663 | 2,229 | 4,769 | 6,123 | 6,313 | 7,995 | 8,728 | 10,526 | 4,066 | 7,047 | 7,406 | 7,168 | |
Operating Profit | 510 | 724 | 1,467 | 2,126 | 1,614 | 1,682 | 3,179 | 1,917 | 1,383 | 2,186 | 2,064 | 2,385 |
OPM % | 23% | 25% | 24% | 26% | 20% | 17% | 27% | 15% | 25% | 24% | 22% | 25% |
145 | 124 | 423 | 510 | 584 | 285 | 72 | 119 | -140 | 293 | -1,037 | -1 | |
Interest | 283 | 254 | 492 | 988 | 736 | 390 | 568 | 740 | 1,136 | 688 | 482 | 481 |
Depreciation | 17 | 37 | 128 | 450 | 460 | 395 | 194 | 292 | 73 | 75 | 93 | 116 |
Profit before tax | 355 | 556 | 1,269 | 1,198 | 1,001 | 1,182 | 2,489 | 1,003 | 33 | 1,716 | 452 | 1,787 |
Tax % | 26% | 32% | 37% | 41% | 42% | 33% | 34% | 26% | -44% | 30% | -8% | |
264 | 381 | 798 | 703 | 584 | 794 | 1,644 | 742 | 48 | 1,208 | 490 | 1,633 | |
EPS in Rs | 5.97 | 8.83 | 18.46 | 16.25 | 12.91 | 10.03 | 20.66 | 9.19 | 0.51 | 12.49 | 5.05 | 16.89 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 20% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 0% |
3 Years: | -9% |
TTM: | -1% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 10% |
3 Years: | 20% |
TTM: | 22% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 67% |
1 Year: | 158% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 15% |
3 Years: | 11% |
Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 108 | 108 | 108 | 108 | 113 | 396 | 396 | 396 | 396 | 482 | 482 | 964 |
Reserves | 636 | 1,018 | 3,186 | 3,865 | 3,920 | 4,756 | 3,445 | 4,156 | 4,203 | 11,624 | 12,181 | 12,024 |
Preference Capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10 | |
5,596 | 4,259 | 11,852 | 13,835 | 16,183 | 22,616 | 25,641 | 18,423 | 18,193 | 11,537 | 9,051 | 8,740 | |
3,138 | 3,883 | 12,752 | 13,173 | 13,715 | 12,483 | 20,382 | 17,717 | 16,516 | 14,763 | 17,408 | 19,293 | |
Total Liabilities | 9,478 | 9,268 | 27,898 | 30,981 | 33,931 | 40,251 | 49,864 | 40,693 | 39,308 | 38,404 | 39,122 | 41,022 |
991 | 971 | 2,290 | 1,899 | 1,753 | 2,197 | 2,139 | 2,021 | 1,946 | 1,923 | 1,828 | 1,864 | |
CWIP | 159 | 112 | 4 | 176 | 109 | 6 | 6 | 6 | 6 | 0 | 0 | 0 |
Investments | 376 | 181 | 595 | 611 | 1,180 | 1,384 | 1,405 | 1,553 | 1,579 | 574 | 246 | 567 |
7,951 | 8,003 | 25,008 | 28,295 | 30,888 | 36,664 | 46,314 | 37,112 | 35,776 | 35,908 | 37,048 | 38,591 | |
Total Assets | 9,478 | 9,268 | 27,898 | 30,981 | 33,931 | 40,251 | 49,864 | 40,693 | 39,308 | 38,404 | 39,122 | 41,022 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|
387 | 1,469 | 696 | -463 | 3,772 | 2,524 | 1,998 | 2,750 | ||||
-854 | -1,174 | -651 | -175 | 182 | 420 | 1,139 | 1,789 | ||||
330 | -312 | 24 | 736 | -4,188 | -2,835 | -2,888 | -3,706 | ||||
Net Cash Flow | -137 | -16 | 69 | 97 | -234 | 109 | 250 | 834 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2011 | Mar 2012 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 40 | 32 | 63 | 30 | 28 | 29 | 15 | 23 | 44 | 26 | 28 |
Inventory Days | |||||||||||
Days Payable | |||||||||||
Cash Conversion Cycle | 40 | 32 | 63 | 30 | 28 | 29 | 15 | 23 | 44 | 26 | 28 |
Working Capital Days | 695 | 522 | 655 | 590 | 654 | 496 | 700 | 447 | 1,046 | 709 | 648 |
ROCE % | 13% | 13% | 9% | 7% | 11% | 6% | 7% | 10% | 9% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
9h - Schedule of Analysts/ Investors Call- audited financial results for the quarter and year ended March 31, 2024
- Board Meeting Intimation for Considering And Approving The Audited Standalone And Consolidated Financial Results For The Quarter And Year Ended March 31, 2024 And Recommendation Of Dividend, If Any, For The Financial Year Ended March 31, 2024 1d
- Compliance Certificate Pursuant To Regulation 40(9) And 40(10) Of SEBI Listing Regulations, 2015 15 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Apr
- Compliance Certificate For The Year Ended March 31, 2024 5 Apr
Annual reports
Concalls
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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Apr 2023Transcript PPT
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Jan 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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Apr 2022Transcript PPT
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Jan 2022Transcript PPT
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Oct 2021Transcript PPT
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Aug 2021Transcript PPT
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May 2021Transcript PPT
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May 2021TranscriptNotesPPT
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]