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 ₹ 1,40,300 Cr.
- Current Price ₹ 1,406
- High / Low ₹ 1,650 / 877
- Stock P/E 65.3
- Book Value ₹ 183
- Dividend Yield 0.16 %
- ROCE 11.1 %
- ROE 10.7 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 7.69 times its book value
- Company has a low return on equity of 10.3% over last 3 years.
- Company might be capitalizing the interest cost
- 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
Part of BSE Consumer Discretionary BSE Dollex 200 Nifty Next 50 Nifty LargeMidcap 250 BSE 250 LargeMidCap Index
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 | 12,421 | |
1,663 | 2,229 | 4,769 | 6,123 | 6,313 | 7,995 | 8,728 | 10,526 | 4,066 | 7,047 | 7,406 | 7,651 | 9,039 | |
Operating Profit | 510 | 724 | 1,467 | 2,126 | 1,614 | 1,682 | 3,179 | 1,917 | 1,383 | 2,186 | 2,064 | 2,665 | 3,383 |
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 | 119 | |
Interest | 283 | 254 | 492 | 988 | 736 | 390 | 568 | 740 | 1,136 | 688 | 482 | 482 | 486 |
Depreciation | 17 | 37 | 128 | 450 | 460 | 395 | 194 | 292 | 73 | 75 | 93 | 204 | 278 |
Profit before tax | 355 | 556 | 1,269 | 1,198 | 1,001 | 1,182 | 2,489 | 1,003 | 33 | 1,716 | 452 | 2,028 | 2,738 |
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 | 2,071 | |
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 | 20.94 |
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: | 48% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 0% |
3 Years: | 69% |
TTM: | 40% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 26% |
1 Year: | 58% |
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 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 108 | 108 | 108 | 108 | 113 | 396 | 396 | 396 | 396 | 482 | 482 | 994 | 995 |
Reserves | 636 | 1,018 | 3,186 | 3,865 | 3,920 | 4,756 | 3,445 | 4,156 | 4,203 | 11,624 | 12,181 | 16,475 | 17,189 |
5,596 | 4,259 | 11,852 | 13,835 | 16,183 | 22,616 | 25,641 | 18,423 | 18,193 | 11,537 | 9,060 | 7,698 | 7,990 | |
3,138 | 3,883 | 12,752 | 13,173 | 13,715 | 12,483 | 20,382 | 17,717 | 16,516 | 14,763 | 17,399 | 22,031 | 21,211 | |
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 | 47,385 |
991 | 971 | 2,290 | 1,899 | 1,753 | 2,197 | 2,139 | 2,021 | 1,946 | 1,923 | 1,828 | 1,169 | 1,264 | |
CWIP | 159 | 112 | 4 | 176 | 109 | 6 | 6 | 6 | 6 | 0 | 0 | 4 | 0 |
Investments | 376 | 181 | 595 | 611 | 1,180 | 1,384 | 1,405 | 1,553 | 1,579 | 574 | 246 | 2,500 | 1,460 |
7,951 | 8,003 | 25,008 | 28,295 | 30,888 | 36,664 | 46,314 | 37,112 | 35,776 | 35,908 | 37,048 | 43,524 | 44,661 | |
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 | 47,385 |
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
1d - Allotment of ESOP pursuant to "Macrotech Developers Limited- Employee Stock Option Scheme 2021- II "
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Announcement under Regulation 30 (LODR)-Acquisition
29 Nov - Acquisition of 100% stake in Janus Logistics.
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
26 Nov - Allotment of Equity Shares pursuant to "Macrotech Developers Limited- Employee Stock option Scheme 2021-II"
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
19 Nov - Allotment of Equity Shares pursuant to "Macrotech Developers Limited - Employee Stock Option Scheme 2021 & Macrotech Developers Limited - Employee Stock Option Scheme 2021 …
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Rumour verification - Regulation 30(11)
12 Nov - Clarification on land acquisition news and project guidance.
Annual reports
Concalls
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Oct 2024Transcript PPT
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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[1]
Established in the 1980s, MDL is among India’s largest real estate developers with over 85 million square feet (msf) of developed properties, mostly within the Mumbai Metropolitan Region (MMR). As of FY24, MDL has about 40 operating projects across luxury, premium, mid-income, and affordable segments. Roughly 60% of revenue comes from affordable and mid-income segments.