Mahindra Lifespace Developers Ltd

Mahindra Lifespace Developers Ltd

₹ 322 -1.09%
14 May 10:59 a.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 6,872 Cr.
  • Current Price 322
  • High / Low 428 / 287
  • Stock P/E 91.9
  • Book Value 143
  • Dividend Yield 1.08 %
  • ROCE 3.36 %
  • ROE 3.24 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 28.1% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 27.4%
  • Debtor days have improved from 517 to 78.2 days.

Cons

  • Company has a low return on equity of 0.84% over last 3 years.
  • Earnings include an other income of Rs.314 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 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
250 7 7 2 3 182 2 162 4 26 12 272 550
276 51 45 45 56 225 53 189 59 82 66 272 621
Operating Profit -26 -45 -37 -43 -54 -43 -51 -27 -55 -57 -54 0 -71
OPM % -11% -671% -503% -2,066% -2,105% -24% -2,484% -17% -1,495% -223% -449% 0% -13%
69 36 42 8 42 20 61 102 101 33 45 125 111
Interest 3 4 0 0 3 6 7 4 11 13 4 2 3
Depreciation 2 2 3 4 4 4 4 4 5 6 6 6 6
Profit before tax 38 -15 2 -39 -19 -33 -1 66 29 -43 -19 118 32
Tax % 8% -64% 26% -25% -68% -29% -17% 28% 5% -21% 29% 14% 7%
35 -5 2 -29 -6 -24 -1 48 28 -34 -25 101 30
EPS in Rs 1.63 -0.26 0.07 -1.35 -0.28 -1.11 -0.03 2.24 1.31 -1.59 -1.15 4.73 1.39
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
624 502 681 475 486 440 90 253 472 19 349 860
398 434 646 439 462 504 195 375 572 196 525 1,041
Operating Profit 226 68 34 36 24 -64 -106 -123 -100 -177 -176 -181
OPM % 36% 14% 5% 8% 5% -15% -118% -49% -21% -949% -50% -21%
136 99 73 82 69 -156 46 156 269 127 283 314
Interest 22 47 32 35 5 2 4 5 9 7 28 21
Depreciation 3 4 4 4 3 7 7 6 10 13 18 24
Profit before tax 338 117 71 79 85 -230 -70 22 151 -70 61 88
Tax % 31% 33% 31% 33% 31% -2% -25% -91% -0% -45% 16% 18%
233 78 49 53 59 -226 -52 43 151 -39 51 72
EPS in Rs 11.03 3.70 2.31 2.51 2.77 -10.67 -2.46 2.02 7.11 -1.82 2.41 3.38
Dividend Payout % 21% 31% 50% 58% 53% 0% 0% 72% 24% -106% 85% 104%
Compounded Sales Growth
10 Years: 6%
5 Years: 57%
3 Years: 22%
TTM: 146%
Compounded Profit Growth
10 Years: 0%
5 Years: 28%
3 Years: 32%
TTM: 67%
Stock Price CAGR
10 Years: 10%
5 Years: 17%
3 Years: -4%
1 Year: 9%
Return on Equity
10 Years: 1%
5 Years: 0%
3 Years: 1%
Last Year: 3%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 41 41 41 51 51 51 51 155 155 155 155 213
Reserves 1,282 1,431 1,452 1,754 1,700 1,445 1,394 1,337 1,458 1,388 1,401 2,848
500 691 564 368 120 124 112 171 241 872 1,439 642
411 432 372 331 555 379 476 656 1,302 2,040 2,831 3,218
Total Liabilities 2,234 2,594 2,429 2,504 2,426 2,000 2,033 2,318 3,156 4,455 5,827 6,921
30 9 32 28 28 31 24 36 35 24 25 27
CWIP 0 1 8 9 10 12 15 3 5 5 5 3
Investments 573 800 804 851 651 467 470 491 763 648 605 1,082
1,631 1,784 1,584 1,616 1,738 1,490 1,525 1,788 2,353 3,779 5,191 5,809
Total Assets 2,234 2,594 2,429 2,504 2,426 2,000 2,033 2,318 3,156 4,455 5,827 6,921

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
87 -165 142 106 160 -90 -92 -71 -181 -706 -97 -257
202 146 3 -79 222 102 137 112 20 209 -175 -482
-284 118 -237 -37 -309 -48 -21 42 23 540 421 542
Net Cash Flow 4 99 -92 -10 73 -36 24 83 -138 43 149 -197
Free Cash Flow 82 -169 130 105 157 -93 -95 -71 -189 -721 -111 -268
CFO/OP 79% -182% 450% 325% 749% 128% 80% 50% 175% 397% 36% 122%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 9 37 32 91 85 74 204 98 76 1,341 132 78
Inventory Days 1,650
Days Payable 178
Cash Conversion Cycle 9 37 32 91 85 74 204 98 76 1,341 132 1,549
Working Capital Days 590 668 416 607 602 692 3,000 939 479 24,472 849 190
ROCE % 20% 8% 5% 5% 4% 1% -4% -5% 2% -5% 3% 3%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Dec 2025
IC&IC Land Leasing Volume
acres

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Residential Pre-sales Volume
msft
Residential Project Completion Volume
msft
Residential Units Handover
units
Number of IC&IC Operational Customers
number
IC&IC Available Inventory
acres

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
51.20% 51.19% 51.18% 51.17% 51.16% 51.15% 51.15% 51.14% 52.43% 52.42% 52.41% 52.41%
11.45% 11.87% 8.53% 9.12% 9.74% 9.82% 9.99% 9.55% 8.70% 8.12% 7.81% 7.64%
19.86% 20.18% 23.18% 22.24% 21.26% 20.91% 20.70% 20.11% 21.82% 22.45% 22.83% 22.86%
17.48% 16.77% 17.10% 17.47% 17.84% 18.12% 18.15% 19.20% 17.05% 17.00% 16.93% 17.08%
No. of Shareholders 74,13291,84097,9671,06,6301,09,4711,11,0371,12,3861,15,8551,18,2041,20,8081,19,5601,17,689

* 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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