Mahindra Lifespace Developers Ltd

₹ 385 -1.78%
05 Dec - close price
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 Offering
Project Management and Development(96%): This segment of the business includes income from the sale of residential units across projects, project management and development in India.
Operating of Commercial Complexes (4%): This segment of the business includes rental income from commercial properties in New Delhi. [1][2]

  • Market Cap 5,955 Cr.
  • Current Price 385
  • High / Low 555 / 218
  • Stock P/E
  • Book Value 98.2
  • Dividend Yield 0.52 %
  • ROCE -4.67 %
  • ROE -4.05 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Debtor days have improved from 125 to 97.7 days.

Cons

  • Stock is trading at 3.92 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -18.0% over past five years.
  • Company has a low return on equity of -2.19% over last 3 years.

* 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

Standalone Figures in Rs. Crores / View Consolidated

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
271 34 51 4 9 36 42 140 6 4 102 11 37
261 61 96 24 28 65 79 165 35 40 137 43 74
Operating Profit 11 -27 -44 -20 -20 -29 -37 -25 -29 -36 -35 -32 -37
OPM % 4% -81% -87% -522% -223% -83% -90% -18% -442% -908% -34% -304% -101%
21 17 -210 7 31 7 1 5 26 7 118 119 15
Interest 0 0 1 2 1 1 0 1 2 1 1 1 2
Depreciation 2 2 2 2 2 2 2 1 1 1 2 2 3
Profit before tax 30 -13 -257 -16 9 -25 -38 -21 -5 -32 80 84 -27
Tax % -0% 4% 1% 25% 27% 27% 24% 27% 17% 25% -7% 8% 27%
Net Profit 30 -12 -253 -12 7 -18 -28 -15 -4 -24 86 77 -20
EPS in Rs 1.94 -0.79 -16.44 -0.78 0.44 -1.20 -1.85 -1.00 -0.28 -1.53 5.59 4.96 -1.29
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
477 469 352 307 624 502 681 475 486 440 90 253 154
354 348 257 278 398 434 646 439 462 504 195 375 294
Operating Profit 123 121 95 29 226 68 34 36 24 -64 -106 -123 -141
OPM % 26% 26% 27% 9% 36% 14% 5% 8% 5% -15% -118% -49% -92%
30 52 71 114 136 99 73 82 69 -156 46 156 260
Interest 1 3 28 39 22 47 32 35 5 2 4 5 6
Depreciation 2 3 2 2 3 4 4 4 3 7 7 6 8
Profit before tax 149 168 136 101 338 117 71 79 85 -230 -70 22 105
Tax % 31% 28% 28% 23% 31% 33% 31% 33% 31% 2% 25% -91%
Net Profit 103 120 97 78 233 78 49 53 59 -226 -52 43 119
EPS in Rs 6.73 7.85 6.37 5.08 15.17 5.09 3.18 3.45 3.80 -14.67 -3.39 2.78 7.73
Dividend Payout % 20% 20% 25% 32% 21% 31% 50% 58% 53% -0% -0% 72%
Compounded Sales Growth
10 Years: -6%
5 Years: -18%
3 Years: -20%
TTM: -31%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 43%
Stock Price CAGR
10 Years: 12%
5 Years: 20%
3 Years: 45%
1 Year: 55%
Return on Equity
10 Years: 4%
5 Years: 0%
3 Years: -2%
Last Year: -4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
41 41 41 41 41 41 41 51 51 51 51 155 155
Reserves 987 1,079 1,149 1,096 1,282 1,431 1,452 1,754 1,700 1,445 1,394 1,337 1,364
100 170 407 696 500 691 564 368 120 124 112 171 239
189 210 244 339 411 432 372 331 555 379 476 656 893
Total Liabilities 1,317 1,500 1,840 2,171 2,234 2,594 2,429 2,504 2,426 2,000 2,033 2,318 2,650
32 29 25 29 30 9 32 28 28 31 24 36 36
CWIP -0 -0 1 -0 -0 1 8 9 10 12 15 3 -0
Investments 362 449 431 750 573 800 804 851 651 467 470 491 650
923 1,023 1,384 1,393 1,631 1,784 1,584 1,616 1,738 1,490 1,525 1,788 1,964
Total Assets 1,317 1,500 1,840 2,171 2,234 2,594 2,429 2,504 2,426 2,000 2,033 2,318 2,650

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
8 8 -154 -132 87 -165 142 106 160 -90 -92 -71
-122 -122 -57 -147 202 146 3 -79 222 102 137 112
32 32 182 222 -284 118 -237 -37 -309 -48 -21 42
Net Cash Flow -83 -83 -28 -57 4 99 -92 -10 73 -36 24 83

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 114 69 25 31 9 37 32 91 85 74 204 98
Inventory Days 516
Days Payable 178
Cash Conversion Cycle 452 69 25 31 9 37 32 91 85 74 204 98
Working Capital Days 407 485 966 958 590 807 517 736 691 795 3,456 1,181
ROCE % 14% 14% 11% 8% 20% 8% 5% 5% 4% 1% -4% -5%

Shareholding Pattern

Numbers in percentages

6 recently
Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
51.52 51.52 51.47 51.47 51.46 51.46 51.45 51.45 51.34 51.33 51.33 51.31
13.57 13.42 13.05 12.66 12.41 13.50 12.59 11.60 10.61 9.77 10.60 11.42
10.60 13.06 13.86 13.99 14.48 14.21 16.02 16.02 17.38 18.81 18.92 18.34
24.31 22.00 21.61 21.88 21.65 20.84 19.95 20.94 20.67 20.08 19.15 18.92

* The XBRL reporting format changed from Sep'2022 onwards. The new format added details about banks and foreign portfolio investors. These were not available earlier.
The sudden increase in FII or DII might be because of these changes.

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

Documents

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