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Last Updated on: 21 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

Mahindra Lifespace Developers Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:13 am

Market Cap 7,364 Cr.
Current Price 475
High / Low 679/453
Stock P/E61.3
Book Value 118
Dividend Yield0.56 %
ROCE2.01 %
ROE4.66 %
Face Value 10.0
PEG Ratio0.84

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Mahindra Lifespace Developers Ltd

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Hampton Sky Realty Ltd 871 Cr. 31.8 55.5/22.433.9 5.740.00 %15.7 %10.6 % 1.00
Grovy India Ltd 76.0 Cr. 57.0 98.2/22.6 14.00.04 %5.79 %5.27 % 10.0
Gothi Plascon (India) Ltd 39.5 Cr. 38.7 53.9/31.030.2 12.45.16 %17.8 %12.9 % 10.0
Generic Engineering Construction & Projects Ltd 260 Cr. 45.7 71.0/32.623.8 48.50.00 %6.61 %4.33 % 5.00
Garnet Construction Ltd 52.8 Cr. 38.0 57.2/20.57.94 73.30.00 %4.51 %3.13 % 10.0
Industry Average22,150.84 Cr582.2250.95136.720.46%10.29%8.69%6.13

All Competitor Stocks of

Quarterly Result

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales316556148592416295701872559818
Expenses498493172506319712710919828314153
Operating Profit-18-18-37-249-39-36-32-39-11-27-43-35
OPM %-58%-28%-66%-16%15%-159%-22%-34%-56%-6%-11%-44%-196%
Other Income1016771859117119315138378
Interest2321222223340
Depreciation2222112233333
Profit before tax-12-8-34-1924177883-14334-14-30
Tax %-15%-25%17%28%45%-47%-77%9%47%-4%86%69%36%
Net Profit-13-10-28-14132513876-8341-4-19
EPS in Rs-0.87-0.73-1.77-0.900.421.628.854.88-0.502.150.03-0.28-1.22

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales7017387051,086593762566593611166394607453
Expenses510425535662508712509567692260481717598
Operating Profit19131317142486505726-81-94-88-110-144
OPM %27%42%24%39%14%7%10%4%-13%-56%-22%-18%-32%
Other Income2734516192113123134-10034200239165
Interest211025051362041128117118
Depreciation99101345448771213
Profit before tax188236161421138139135143-196-7899106-0
Tax %32%34%32%33%31%24%23%17%1%8%-63%3%
Net Profit12915611028395106103119-195-7116210327
EPS in Rs7.789.236.5717.315.966.646.567.77-12.55-4.6610.006.561.76
Dividend Payout %21%17%24%18%27%24%30%26%0%0%20%35%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)20.93%-29.49%157.27%-66.43%11.58%-2.83%15.53%-263.87%63.59%328.17%-36.42%
Change in YoY Net Profit Growth (%)0.00%-50.42%186.76%-223.70%78.01%-14.41%18.36%-279.40%327.46%264.58%-364.59%

Mahindra Lifespace Developers Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:-11%
5 Years:-19%
3 Years:8%
TTM:-48%
Compounded Profit Growth
10 Years:-1%
5 Years:-6%
3 Years:47%
TTM:661%
Stock Price CAGR
10 Years:12%
5 Years:30%
3 Years:28%
1 Year:-11%
Return on Equity
10 Years:4%
5 Years:1%
3 Years:4%
Last Year:5%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 8:35 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital414141414151515151155155155155
Reserves1,2521,2211,4341,5891,6592,0081,8781,6501,5801,6341,6511,7181,677
Borrowings9661,4011,238784652459228237245286268877933
Other Liabilities5997648965965354818366036979631,5372,2132,759
Total Liabilities2,8583,4273,6093,0102,8862,9982,9942,5422,5733,0373,6114,9635,524
Fixed Assets3043233547710095959891103372423
CWIP71581891012153553
Investments1333012228167429266885485586229059141,072
Other Assets2,4142,7873,0262,1162,0361,9672,2011,8831,9092,3082,6644,0204,426
Total Assets2,8583,4273,6093,0102,8862,9982,9942,5422,5733,0373,6114,9635,524

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +-158-256300-17470194168-63-68-52-148-661
Cash from Investing Activity +-27-19542106141-1802888811012326214
Cash from Financing Activity +176386-336139-255-40-370-67-2012-27489
Net Cash Flow-10-65672-44-2585-422383-14942

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow191.00-653.00170.00423.00-698.00-602.00-402.00-202.00-318.00-339.00-374.00-378.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days45561639369485681248578184
Inventory Days
Days Payable
Cash Conversion Cycle45561639369485681248578184
Working Capital Days7981,0537228256107436526582,2869315502,559
ROCE %15%8%17%7%7%7%6%-3%-3%1%2%2%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters51.45%51.34%51.33%51.33%51.31%51.30%51.28%51.20%51.19%51.18%51.17%51.16%
FIIs11.60%10.61%9.77%10.60%11.42%11.07%11.30%11.45%11.87%8.53%9.12%9.74%
DIIs16.02%17.38%18.81%18.92%18.34%18.96%19.44%19.86%20.18%23.18%22.24%21.26%
Public20.94%20.67%20.08%19.15%18.92%18.66%17.98%17.48%16.77%17.10%17.47%17.84%
No. of Shareholders72,60670,85168,39668,92974,05373,01272,86574,13291,84097,9671,06,6301,09,471

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Kotak Small Cap Fund - Regular Plan4,273,5191.72209.771,035,5742024-12-20312.67%
HSBC Small Cap Fund - Regular Plan4,242,2001.8208.231,035,5742024-12-20309.65%
ICICI Prudential ELSS Tax Saver Fund3,561,4711.58174.811,035,5742024-12-20243.91%
Nippon India Growth Fund3,065,4890.76161.931,035,5742024-12-20196.02%
ICICI Prudential Smallcap Fund2,249,8071.84110.431,035,5742024-12-20117.25%
Canara Robeco Small Cap Fund1,525,4500.9574.881,035,5742024-12-2047.3%
Kotak Balanced Advantage Fund1,496,8330.573.471,035,5742024-12-2044.54%
L&T Flexicap Fund - Regular Plan1,448,3002.0258.121,035,5742024-12-2039.85%
Kotak Multicap Fund1,092,7470.8453.641,035,5742024-12-205.52%
Kotak Equity Hybrid Fund - Regular Plan1,035,5741.250.831,035,5742024-12-200%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)6.346.5610.01-13.96-37.66
Diluted EPS (Rs.)6.336.569.96-13.96-37.57
Cash EPS (Rs.)-4.35-0.205.04-14.90-31.61
Book Value[Excl.RevalReserv]/Share (Rs.)120.83116.76118.93325.61339.40
Book Value[Incl.RevalReserv]/Share (Rs.)120.83116.76118.93325.61339.40
Revenue From Operations / Share (Rs.)13.6839.2225.4732.35118.95
PBDIT / Share (Rs.)-6.71-3.69-4.84-14.00-4.25
PBIT / Share (Rs.)-7.60-4.48-5.26-15.36-5.75
PBT / Share (Rs.)-8.08-0.800.58-17.49-33.44
Net Profit / Share (Rs.)-5.24-0.984.62-16.26-33.11
NP After MI And SOA / Share (Rs.)6.346.5610.00-13.96-37.66
PBDIT Margin (%)-49.06-9.42-19.00-43.27-3.57
PBIT Margin (%)-55.54-11.43-20.66-47.47-4.83
PBT Margin (%)-59.02-2.052.29-54.07-28.11
Net Profit Margin (%)-38.27-2.5218.15-50.26-27.83
NP After MI And SOA Margin (%)46.3216.7139.25-43.15-31.65
Return on Networth / Equity (%)5.245.618.63-4.39-11.36
Return on Capital Employeed (%)-4.65-3.81-4.26-4.49-1.62
Return On Assets (%)1.972.805.08-2.78-7.60
Long Term Debt / Equity (X)0.340.000.030.040.03
Total Debt / Equity (X)0.460.140.150.140.12
Asset Turnover Ratio (%)0.040.180.100.030.17
Current Ratio (X)1.611.521.892.252.50
Quick Ratio (X)0.210.340.610.600.83
Dividend Payout Ratio (NP) (%)36.2730.470.000.00-16.03
Dividend Payout Ratio (CP) (%)31.8227.200.000.00-16.70
Earning Retention Ratio (%)63.7369.530.000.00116.03
Cash Earning Retention Ratio (%)68.1872.800.000.00116.70
Interest Coverage Ratio (X)-14.08-5.24-11.48-6.56-2.86
Interest Coverage Ratio (Post Tax) (X)-9.98-6.62-2.90-6.62-3.65
Enterprise Value (Cr.)9854.455640.656229.183076.681096.42
EV / Net Operating Revenue (X)46.469.3015.8318.511.79
EV / EBITDA (X)-94.69-98.69-83.27-42.77-50.22
MarketCap / Net Operating Revenue (X)42.858.9915.5617.601.60
Retention Ratios (%)63.7269.520.000.00116.03
Price / BV (X)4.853.023.421.790.57
Price / Net Operating Revenue (X)42.858.9915.5617.611.60
EarningsYield0.010.010.02-0.02-0.19

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Mahindra Lifespace Developers Ltd as of December 21, 2024 is: 338.96

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 21, 2024, Mahindra Lifespace Developers Ltd is Overvalued by 28.64% compared to the current share price 475.00

Intrinsic Value of Mahindra Lifespace Developers Ltd as of December 21, 2024 is: 584.98

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 21, 2024, Mahindra Lifespace Developers Ltd is Undervalued by 23.15% compared to the current share price 475.00

Last 5 Year EPS CAGR: 72.58%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (1,611.62 cr) compared to borrowings (659.54 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (530.00 cr) and profit (114.77 cr) over the years.
  1. The stock has a low average ROCE of 5.50%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 541.17, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 75.83, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Mahindra Lifespace Developers Ltd:
    1. Net Profit Margin: -38.27%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: -4.65% (Industry Average ROCE: 9.97%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 5.24% (Industry Average ROE: 8.15%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): -9.98
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.21
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 61.3 (Industry average Stock P/E: 42.99)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.46
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Mahindra Lifespace Developers Ltd. is a Public Limited Listed company incorporated on 16/03/1999 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L45200MH1999PLC118949 and registration number is 118949. Currently Company is involved in the business activities of Construction of buildings. Company’s Total Operating Revenue is Rs. 252.81 Cr. and Equity Capital is Rs. 154.52 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Realty5th Floor, Mumbai Maharashtra 400018investor.mldl@mahindra.com
http://www.mahindralifespaces.com
Management
NamePosition Held
Mr. Ameet HarianiChairman
Mr. Amit Kumar SinhaManaging Director & CEO
Ms. Amrita ChowdhuryDirector
Dr. Anish ShahDirector
Ms. Asha KhargaDirector
Ms. Rucha NanavatiDirector
Mr. Anuj PuriDirector

FAQ

What is the latest intrinsic value of Mahindra Lifespace Developers Ltd?

The latest intrinsic value of Mahindra Lifespace Developers Ltd as on 21 December 2024 is ₹338.96, which is 28.64% lower than the current market price of ₹475.00. The stock has a market capitalization of 7,364 Cr. and recorded a high/low of 679/453 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹1,677 Cr and total liabilities of ₹5,524 Cr.

What is the Market Cap of Mahindra Lifespace Developers Ltd?

The Market Cap of Mahindra Lifespace Developers Ltd is 7,364 Cr..

What is the current Stock Price of Mahindra Lifespace Developers Ltd as on 21 December 2024?

The current stock price of Mahindra Lifespace Developers Ltd as on 21 December 2024 is 475.

What is the High / Low of Mahindra Lifespace Developers Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Mahindra Lifespace Developers Ltd stocks is 679/453.

What is the Stock P/E of Mahindra Lifespace Developers Ltd?

The Stock P/E of Mahindra Lifespace Developers Ltd is 61.3.

What is the Book Value of Mahindra Lifespace Developers Ltd?

The Book Value of Mahindra Lifespace Developers Ltd is 118.

What is the Dividend Yield of Mahindra Lifespace Developers Ltd?

The Dividend Yield of Mahindra Lifespace Developers Ltd is 0.56 %.

What is the ROCE of Mahindra Lifespace Developers Ltd?

The ROCE of Mahindra Lifespace Developers Ltd is 2.01 %.

What is the ROE of Mahindra Lifespace Developers Ltd?

The ROE of Mahindra Lifespace Developers Ltd is 4.66 %.

What is the Face Value of Mahindra Lifespace Developers Ltd?

The Face Value of Mahindra Lifespace Developers Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Mahindra Lifespace Developers Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE