Mahindra Lifespace Developers Ltd

Mahindra Lifespace Developers Ltd

₹ 618 -0.03%
14 Jun - 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 Segment
Project Management and Development: 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: This segment of the business includes rental income from commercial properties in New Delhi. [1]

  • Market Cap 9,577 Cr.
  • Current Price 618
  • High / Low 679 / 448
  • Stock P/E 97.5
  • Book Value 121
  • Dividend Yield 0.43 %
  • ROCE 2.56 %
  • ROE 5.34 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 32.3%

Cons

  • Stock is trading at 5.11 times its book value
  • The company has delivered a poor sales growth of -18.6% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 3.79% over last 3 years.
  • Earnings include an other income of Rs.247 Cr.
  • Company has high debtors of 184 days.
  • Working capital days have increased from 1,411 days to 2,751 days

* 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

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
56 148 59 24 162 95 70 187 255 98 18 82 14
93 172 50 63 197 127 109 198 283 141 53 121 68
Operating Profit -37 -24 9 -39 -36 -32 -39 -11 -27 -43 -35 -39 -54
OPM % -66% -16% 15% -159% -22% -34% -56% -6% -11% -44% -196% -48% -379%
7 7 18 59 117 119 31 51 38 37 8 82 119
Interest 2 1 2 2 2 2 2 3 3 4 0 0 3
Depreciation 2 2 1 1 2 2 3 3 3 3 3 4 4
Profit before tax -34 -19 24 17 78 83 -14 33 4 -14 -30 39 59
Tax % 17% 28% 45% -47% -77% 9% 47% -4% 86% 69% 36% -28% -22%
-28 -14 13 25 138 76 -8 34 1 -4 -19 50 71
EPS in Rs -1.77 -0.90 0.42 1.62 8.85 4.88 -0.50 2.15 0.03 -0.28 -1.22 3.23 4.61
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
738 705 1,086 593 762 566 593 611 166 394 607 212
425 535 662 508 712 509 567 692 260 481 717 383
Operating Profit 313 171 424 86 50 57 26 -81 -94 -88 -110 -171
OPM % 42% 24% 39% 14% 7% 10% 4% -13% -56% -22% -18% -81%
34 51 61 92 113 123 134 -100 34 200 239 247
Interest 102 50 51 36 20 41 12 8 11 7 11 7
Depreciation 9 10 13 4 5 4 4 8 7 7 12 14
Profit before tax 236 161 421 138 139 135 143 -196 -78 99 106 54
Tax % 34% 32% 33% 31% 24% 23% 17% 1% 8% -63% 3% -81%
156 110 283 95 106 103 119 -195 -71 162 103 98
EPS in Rs 9.23 6.57 17.31 5.96 6.64 6.56 7.77 -12.55 -4.66 10.00 6.56 6.34
Dividend Payout % 17% 24% 18% 27% 24% 30% 26% 0% 0% 20% 35% 42%
Compounded Sales Growth
10 Years: -11%
5 Years: -19%
3 Years: 8%
TTM: -65%
Compounded Profit Growth
10 Years: 0%
5 Years: -4%
3 Years: 50%
TTM: 207%
Stock Price CAGR
10 Years: 14%
5 Years: 35%
3 Years: 46%
1 Year: 32%
Return on Equity
10 Years: 4%
5 Years: 1%
3 Years: 4%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 41 41 41 41 41 51 51 51 51 155 155 155
Reserves 1,252 1,221 1,434 1,589 1,659 2,008 1,878 1,650 1,580 1,634 1,651 1,718
966 1,401 1,238 784 652 459 228 237 245 286 268 877
599 764 896 596 535 481 836 603 697 963 1,537 2,213
Total Liabilities 2,858 3,427 3,609 3,010 2,886 2,998 2,994 2,542 2,573 3,037 3,611 4,963
304 323 354 77 100 95 95 98 91 103 37 24
CWIP 7 15 8 1 8 9 10 12 15 3 5 5
Investments 133 301 222 816 742 926 688 548 558 622 905 914
2,414 2,787 3,026 2,116 2,036 1,967 2,201 1,883 1,909 2,308 2,664 4,020
Total Assets 2,858 3,427 3,609 3,010 2,886 2,998 2,994 2,542 2,573 3,037 3,611 4,963

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-158 -256 300 -174 70 194 168 -63 -68 -52 -148 -661
-27 -195 42 106 141 -180 288 88 110 123 26 214
176 386 -336 139 -255 -40 -370 -67 -20 12 -27 489
Net Cash Flow -10 -65 6 72 -44 -25 85 -42 23 83 -149 42

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 45 56 16 39 36 94 85 68 124 85 78 184
Inventory Days 6,494
Days Payable 374
Cash Conversion Cycle 45 56 16 39 36 94 85 68 124 85 78 6,304
Working Capital Days 798 1,053 722 825 610 743 652 658 2,286 931 550 2,751
ROCE % 15% 8% 17% 7% 7% 7% 6% -3% -3% 1% 2%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
51.45% 51.45% 51.34% 51.33% 51.33% 51.31% 51.30% 51.28% 51.20% 51.19% 51.18% 51.17%
12.59% 11.60% 10.61% 9.77% 10.60% 11.42% 11.07% 11.30% 11.45% 11.87% 8.53% 9.12%
16.02% 16.02% 17.38% 18.81% 18.92% 18.34% 18.96% 19.44% 19.86% 20.18% 23.18% 22.24%
19.95% 20.94% 20.67% 20.08% 19.15% 18.92% 18.66% 17.98% 17.48% 16.77% 17.10% 17.47%
No. of Shareholders 54,84172,60670,85168,39668,92974,05373,01272,86574,13291,84097,9671,06,630

* 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

Concalls