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 terms of presales and development pipeline in India with a presence in MMR, Pune and entered in Bengaluru market in Nov'23.[1]
- Market Cap ₹ 1,05,998 Cr.
- Current Price ₹ 1,065
- High / Low ₹ 1,650 / 728
- Stock P/E 55.0
- Book Value ₹ 176
- Dividend Yield 0.21 %
- ROCE 11.1 %
- ROE 10.7 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 6.06 times its book value
- Company has a low return on equity of 10.3% over last 3 years.
- Promoter holding has decreased over last 3 years: -16.4%
* 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: Realty 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 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,173 | 2,954 | 6,236 | 8,249 | 7,926 | 9,677 | 11,907 | 12,443 | 5,449 | 9,233 | 9,470 | 10,316 | 11,545 | |
1,663 | 2,229 | 4,769 | 6,123 | 6,313 | 7,995 | 8,728 | 10,526 | 4,066 | 7,047 | 7,406 | 7,651 | 8,454 | |
Operating Profit | 510 | 724 | 1,467 | 2,126 | 1,614 | 1,682 | 3,179 | 1,917 | 1,383 | 2,186 | 2,064 | 2,665 | 3,091 |
OPM % | 23% | 25% | 24% | 26% | 20% | 17% | 27% | 15% | 25% | 24% | 22% | 26% | 27% |
145 | 124 | 423 | 510 | 584 | 285 | 72 | 119 | -140 | 293 | -1,037 | 48 | 66 | |
Interest | 283 | 254 | 492 | 988 | 736 | 390 | 568 | 740 | 1,136 | 688 | 482 | 482 | 473 |
Depreciation | 17 | 37 | 128 | 450 | 460 | 395 | 194 | 292 | 73 | 75 | 93 | 204 | 240 |
Profit before tax | 355 | 556 | 1,269 | 1,198 | 1,001 | 1,182 | 2,489 | 1,003 | 33 | 1,716 | 452 | 2,028 | 2,443 |
Tax % | 26% | 32% | 37% | 41% | 42% | 33% | 34% | 26% | -44% | 30% | -8% | 23% | |
264 | 381 | 798 | 703 | 584 | 794 | 1,644 | 742 | 48 | 1,208 | 490 | 1,554 | 1,851 | |
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 | 15.58 | 18.78 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 20% | 14% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | -3% |
3 Years: | 24% |
TTM: | 37% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 0% |
3 Years: | 69% |
TTM: | 27% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 26% |
1 Year: | 47% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 11% |
3 Years: | 10% |
Last Year: | 11% |
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 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 108 | 108 | 108 | 108 | 113 | 396 | 396 | 396 | 396 | 482 | 482 | 994 |
Reserves | 636 | 1,018 | 3,186 | 3,865 | 3,920 | 4,756 | 3,445 | 4,156 | 4,203 | 11,624 | 12,181 | 16,475 |
5,596 | 4,259 | 11,852 | 13,835 | 16,183 | 22,616 | 25,641 | 18,423 | 18,193 | 11,537 | 9,060 | 7,698 | |
3,138 | 3,883 | 12,752 | 13,173 | 13,715 | 12,483 | 20,382 | 17,717 | 16,516 | 14,763 | 17,399 | 22,031 | |
Total Liabilities | 9,478 | 9,268 | 27,898 | 30,981 | 33,931 | 40,251 | 49,864 | 40,693 | 39,308 | 38,404 | 39,122 | 47,198 |
991 | 971 | 2,290 | 1,899 | 1,753 | 2,197 | 2,139 | 2,021 | 1,946 | 1,923 | 1,828 | 1,169 | |
CWIP | 159 | 112 | 4 | 176 | 109 | 6 | 6 | 6 | 6 | 0 | 0 | 4 |
Investments | 376 | 181 | 595 | 611 | 1,180 | 1,384 | 1,405 | 1,553 | 1,579 | 574 | 246 | 2,500 |
7,951 | 8,003 | 25,008 | 28,295 | 30,888 | 36,664 | 46,314 | 37,112 | 35,776 | 35,908 | 37,048 | 43,524 | |
Total Assets | 9,478 | 9,268 | 27,898 | 30,981 | 33,931 | 40,251 | 49,864 | 40,693 | 39,308 | 38,404 | 39,122 | 47,198 |
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 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
387 | 1,469 | 696 | -463 | 3,772 | 2,524 | 1,998 | 2,750 | 2,512 | ||||
-854 | -1,174 | -651 | -175 | 182 | 420 | 1,139 | 1,789 | -2,947 | ||||
330 | -312 | 24 | 736 | -4,188 | -2,835 | -2,888 | -3,706 | 951 | ||||
Net Cash Flow | -137 | -16 | 69 | 97 | -234 | 109 | 250 | 834 | 516 |
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 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 40 | 32 | 63 | 30 | 28 | 29 | 15 | 23 | 44 | 26 | 28 | 28 |
Inventory Days | ||||||||||||
Days Payable | ||||||||||||
Cash Conversion Cycle | 40 | 32 | 63 | 30 | 28 | 29 | 15 | 23 | 44 | 26 | 28 | 28 |
Working Capital Days | 695 | 522 | 655 | 590 | 654 | 496 | 700 | 447 | 1,046 | 709 | 648 | 644 |
ROCE % | 13% | 13% | 9% | 7% | 11% | 6% | 7% | 10% | 9% | 11% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
10h - Allotment of Equity Shares pursuant to "Employee Stock Option Scheme 2021 & Macrotech Developers Limited- Employee Stock Option Scheme 2021 -II"
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
21 Oct - Analyst/ Investor Call- Results for the quarter and half year ended September 30, 2024
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Board Meeting Intimation for Consideration And Approval Of The Un-Audited Financial Results (Consolidated And Standalone) Of The Company For The Quarter And Half Year Ended September 30, 2024
21 Oct - Board meeting to approve Q2 financial results.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Oct - Certificate under Regulation 74(5) for July to September 2024.
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Announcement Under Regulation 30 (LODR)- Key Operational Updates Q2FY25
4 Oct - Best quarterly pre-sales of INR 42.9bn, 21% YoY growth.
Annual reports
Concalls
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Aug 2024Transcript PPT
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Apr 2024Transcript PPT
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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]