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 ₹ 53,721 Cr.
- Current Price ₹ 558
- High / Low ₹ 596 / 356
- Stock P/E 39.1
- Book Value ₹ 131
- Dividend Yield 0.00 %
- ROCE 9.30 %
- ROE 11.1 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
Cons
- Stock is trading at 4.24 times its book value
- 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 7.19% 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|
6,236 | 8,249 | 7,926 | 9,677 | 11,907 | 12,443 | 5,449 | 9,233 | 9,470 | |
4,769 | 6,123 | 6,313 | 7,995 | 8,728 | 10,526 | 4,066 | 7,101 | 7,409 | |
Operating Profit | 1,467 | 2,126 | 1,614 | 1,682 | 3,179 | 1,917 | 1,383 | 2,132 | 2,061 |
OPM % | 24% | 26% | 20% | 17% | 27% | 15% | 25% | 23% | 22% |
423 | 510 | 584 | 285 | 72 | 119 | -140 | 347 | -1,037 | |
Interest | 492 | 988 | 736 | 390 | 568 | 740 | 1,136 | 688 | 479 |
Depreciation | 128 | 450 | 460 | 395 | 194 | 292 | 73 | 75 | 93 |
Profit before tax | 1,269 | 1,198 | 1,001 | 1,182 | 2,489 | 1,003 | 33 | 1,717 | 452 |
Tax % | 37% | 41% | 42% | 33% | 34% | 26% | -44% | 30% | -8% |
Net Profit | 798 | 703 | 584 | 794 | 1,644 | 742 | 48 | 1,209 | 489 |
EPS in Rs | 18.46 | 16.25 | 12.91 | 10.03 | 20.66 | 9.19 | 0.51 | 12.49 | 5.05 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 20% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 0% |
3 Years: | -9% |
TTM: | 3% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | 24% |
TTM: | 15% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 2% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 12% |
3 Years: | 7% |
Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|
108 | 108 | 113 | 396 | 396 | 396 | 396 | 482 | 482 | |
Reserves | 3,186 | 3,865 | 3,920 | 4,756 | 3,445 | 4,156 | 4,203 | 11,624 | 12,181 |
11,852 | 13,835 | 16,183 | 22,616 | 25,641 | 18,423 | 18,193 | 11,537 | 9,060 | |
12,752 | 13,173 | 13,715 | 12,483 | 20,382 | 17,717 | 16,516 | 14,763 | 17,432 | |
Total Liabilities | 27,898 | 30,981 | 33,931 | 40,251 | 49,864 | 40,693 | 39,308 | 38,405 | 39,155 |
2,290 | 1,899 | 1,753 | 2,197 | 2,139 | 2,021 | 1,946 | 1,923 | 1,827 | |
CWIP | 4 | 176 | 109 | 6 | 6 | 6 | 6 | 0 | 0 |
Investments | 595 | 611 | 1,180 | 1,384 | 1,405 | 1,553 | 1,579 | 574 | 246 |
25,008 | 28,295 | 30,888 | 36,664 | 46,314 | 37,112 | 35,776 | 35,908 | 37,081 | |
Total Assets | 27,898 | 30,981 | 33,931 | 40,251 | 49,864 | 40,693 | 39,308 | 38,405 | 39,155 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
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 | 1,778 | ||
330 | -312 | 24 | 736 | -4,188 | -2,835 | -2,888 | -3,705 | ||
Net Cash Flow | -137 | -16 | 69 | 97 | -234 | 109 | 250 | 822 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|
Debtor Days | 63 | 30 | 28 | 29 | 15 | 23 | 44 | 26 | 28 |
Inventory Days | |||||||||
Days Payable | |||||||||
Cash Conversion Cycle | 63 | 30 | 28 | 29 | 15 | 23 | 44 | 26 | 28 |
Working Capital Days | 655 | 590 | 654 | 496 | 700 | 447 | 1,046 | 709 | 650 |
ROCE % | 13% | 9% | 7% | 11% | 7% | 7% | 10% | 9% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Allotment
1 Jun - Company has allotted 48,18,05,547 equity shares of ?10/- each as fully paid-up bonus equity shares, in the ratio of 1 new fully paid-up equity share …
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Compliances-Reg.24(A)-Annual Secretarial Compliance
29 May - Listing Regulations, we enclose herewith, Secretarial Compliance Report duly issued by Shravan A. Gupta & Associates, Practicing Company Secretary, for the financial year ended March …
- Result Of Postal Ballot By Remote E Voting Process 23 May
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Intimation Under Regulation 30 Of The SEBI (LODR, 2015 ('Listing Regulations')
21 May - Merger of 5 (Five) Wholly owned subsidiaries with Macrotech Developers Limited
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
15 May - In compliance with Regulation 30 of the Regulations, kindly find the details of schedule of Analysts/Investors Conference Call is enclosed herewith
Concalls
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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
Past Record
MDL is one of the largest real estate developers in India. Established since the 1980s, it has developed properties over 85 msf mostly in the MMR market. It has sold more than Rs 64,000 crores in nine years through FY22. [1]