Macrotech Developers Ltd

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

Macrotech Developers Ltd

₹ 558 -0.28%
02 Jun - close price
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

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]

Website BSE NSE
  • 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
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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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
3,170 500 901 1,514 2,534 1,605 2,124 2,059 3,445 2,676 1,765 1,774 3,255
2,910 554 771 1,042 1,725 1,267 1,668 1,581 2,539 2,210 1,343 1,370 2,487
Operating Profit 259 -54 129 472 808 338 456 479 906 466 422 404 769
OPM % 8% -11% 14% 31% 32% 21% 21% 23% 26% 17% 24% 23% 24%
34 87 -373 83 78 145 14 97 37 0 -1,182 129 16
Interest 152 244 301 266 315 245 156 157 122 119 125 118 117
Depreciation 90 20 18 18 17 19 18 19 19 20 22 22 30
Profit before tax 51 -231 -562 271 554 220 295 399 802 327 -906 393 638
Tax % -363% 42% 36% 15% 44% 27% 24% 28% 33% 17% -3% -3% -17%
Net Profit 238 -133 -363 232 312 161 223 286 538 271 -933 405 746
EPS in Rs 1.66 -1.70 -4.59 2.87 3.92 1.80 2.46 2.97 5.56 2.81 -9.69 4.20 7.72
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
88.50 88.50 82.22 82.22 82.20 82.20 75.00 74.99
8.68 8.73 15.27 14.91 14.54 13.93 19.42 18.98
1.03 1.07 1.18 1.45 1.86 2.54 3.48 3.68
1.79 1.70 1.33 1.43 1.40 1.34 2.10 2.33

* 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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