Mahindra Lifespace Developers Ltd

Mahindra Lifespace Developers Ltd

₹ 341 0.97%
23 May 3:02 p.m.
About

Mahindra Lifespace Developers Ltd was incorporated in 1999, it is engaged in the business of development of the real estate, residential facilities, commercial complexes and through its subsidiary companies is involved in various infrastructure projects including the development of SEZs and Industrial Clusters. [1][2]

Key Points

Business Segments
1) Project Management and Development (99% in H1 FY25 vs 98% in FY22): [1] [2] The company’s development portfolio includes premium residential projects, value homes under the Mahindra Happinest brand, and integrated cities and industrial clusters under the Mahindra World City and *Origins by Mahindra brands.
[3]

  • Market Cap 5,753 Cr.
  • Current Price 341
  • High / Low 595 / 254
  • Stock P/E 112
  • Book Value 73.0
  • Dividend Yield 0.81 %
  • ROCE 3.30 %
  • ROE 3.31 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 35.4% CAGR over last 5 years
  • Debtor days have improved from 516 to 132 days.

Cons

  • Stock is trading at 4.58 times its book value
  • The company has delivered a poor sales growth of -4.51% over past five years.
  • Company has a low return on equity of 0.21% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.283 Cr.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
102 11 37 175 250 7 7 2 3 182 2 162 4
137 43 74 190 276 51 45 45 56 225 53 189 59
Operating Profit -35 -32 -37 -16 -26 -45 -37 -43 -54 -43 -51 -27 -55
OPM % -34% -304% -101% -9% -11% -671% -503% -2,066% -2,105% -24% -2,484% -17% -1,495%
118 119 15 78 69 36 42 8 42 20 61 102 101
Interest 1 1 2 3 3 4 0 0 3 6 7 4 11
Depreciation 2 2 3 3 2 2 3 4 4 4 4 4 5
Profit before tax 80 84 -27 57 38 -15 2 -39 -19 -33 -1 66 29
Tax % -7% 8% -27% -6% 8% -64% 26% -25% -68% -29% -17% 28% 5%
86 77 -20 60 35 -5 2 -29 -6 -24 -1 48 28
EPS in Rs 4.06 3.61 -0.94 2.82 1.63 -0.26 0.07 -1.35 -0.28 -1.11 -0.03 2.24 1.31
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
307 624 502 681 475 486 440 90 253 472 19 349
278 398 434 646 439 462 504 195 375 572 196 526
Operating Profit 29 226 68 34 36 24 -64 -106 -123 -100 -177 -176
OPM % 9% 36% 14% 5% 8% 5% -15% -118% -49% -21% -949% -50%
114 136 99 73 82 69 -156 46 156 269 127 283
Interest 39 22 47 32 35 5 2 4 5 9 7 28
Depreciation 2 3 4 4 4 3 7 7 6 10 13 18
Profit before tax 101 338 117 71 79 85 -230 -70 22 151 -70 61
Tax % 23% 31% 33% 31% 33% 31% -2% -25% -91% -0% -45% 16%
78 233 78 49 53 59 -226 -52 43 151 -39 51
EPS in Rs 3.69 11.03 3.70 2.31 2.51 2.77 -10.67 -2.46 2.02 7.11 -1.82 2.41
Dividend Payout % 32% 21% 31% 50% 58% 53% 0% 0% 72% 24% -106% 85%
Compounded Sales Growth
10 Years: -6%
5 Years: -5%
3 Years: 11%
TTM: 1769%
Compounded Profit Growth
10 Years: -14%
5 Years: 35%
3 Years: 42%
TTM: 169%
Stock Price CAGR
10 Years: 10%
5 Years: 44%
3 Years: -2%
1 Year: -38%
Return on Equity
10 Years: 1%
5 Years: -1%
3 Years: 0%
Last Year: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 41 41 41 41 51 51 51 51 155 155 155 155
Reserves 1,096 1,282 1,431 1,452 1,754 1,700 1,445 1,394 1,337 1,458 1,388 1,401
696 500 691 564 368 120 124 112 171 241 872 1,439
339 411 432 372 331 555 379 476 656 1,302 2,054 2,831
Total Liabilities 2,171 2,234 2,594 2,429 2,504 2,426 2,000 2,033 2,318 3,156 4,469 5,827
29 30 9 32 28 28 31 24 36 35 24 25
CWIP 0 0 1 8 9 10 12 15 3 5 5 5
Investments 750 573 800 804 851 651 467 470 491 763 648 605
1,393 1,631 1,784 1,584 1,616 1,738 1,490 1,525 1,788 2,353 3,793 5,191
Total Assets 2,171 2,234 2,594 2,429 2,504 2,426 2,000 2,033 2,318 3,156 4,469 5,827

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-132 87 -165 142 106 160 -90 -92 -71 -181 -706 -97
-147 202 146 3 -79 222 102 137 112 20 209 -175
222 -284 118 -237 -37 -309 -48 -21 42 23 540 421
Net Cash Flow -57 4 99 -92 -10 73 -36 24 83 -138 43 149

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 31 9 37 32 91 85 74 204 98 76 1,341 132
Inventory Days 4,632
Days Payable 252
Cash Conversion Cycle 31 9 37 32 91 85 74 204 98 76 1,341 4,512
Working Capital Days 958 590 807 517 736 691 795 3,456 1,181 665 28,018 1,440
ROCE % 8% 20% 8% 5% 5% 4% 1% -4% -5% 2% -5% 3%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
51.33% 51.31% 51.30% 51.28% 51.20% 51.19% 51.18% 51.17% 51.16% 51.15% 51.15% 51.14%
10.60% 11.42% 11.07% 11.30% 11.45% 11.87% 8.53% 9.12% 9.74% 9.82% 9.99% 9.55%
18.92% 18.34% 18.96% 19.44% 19.86% 20.18% 23.18% 22.24% 21.26% 20.91% 20.70% 20.11%
19.15% 18.92% 18.66% 17.98% 17.48% 16.77% 17.10% 17.47% 17.84% 18.12% 18.15% 19.20%
No. of Shareholders 68,92974,05373,01272,86574,13291,84097,9671,06,6301,09,4711,11,0371,12,3861,15,855

* 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.

Click on the line-items to see the names of individual entities.

Documents

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