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Last Updated on: 04 March, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Mahindra Lifespace Developers Ltd

About the Company - Mahindra Lifespace Developers Ltd

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
Mr. Anuj PuriDirector
Ms. Amrita ChowdhuryDirector
Dr. Anish ShahDirector
Ms. Asha KhargaDirector
Ms. Rucha NanavatiDirector

Mahindra Lifespace Developers Ltd. Share Price Update

Share PriceValue
Today₹586.00
Previous Day₹597.05

Basic Stock Data of Mahindra Lifespace Developers Ltd

Market Cap 9,090 Cr.
Current Price 586
High / Low633/316
Stock P/E333
Book Value 113
Dividend Yield0.40 %
ROCE2.09 %
ROE1.78 %
Face Value 10.0

Data Source: screener.in

Mahindra Lifespace Developers Ltd Quarterly Results

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

Mahindra Lifespace Developers Ltd Quarterly Chart

Mahindra Lifespace Developers Ltd Profit & Loss

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%

Mahindra Lifespace Developers Ltd Profit & Loss Yearly Chart

Mahindra Lifespace Developers Ltd Growth

Compounded Sales Growth
10 Years:-2%
5 Years:1%
3 Years:0%
TTM:-12%
Compounded Profit Growth
10 Years:-13%
5 Years:-20%
3 Years:36%
TTM:-68%
Stock Price CAGR
10 Years:18%
5 Years:37%
3 Years:49%
1 Year:59%
Return on Equity
10 Years:4%
5 Years:1%
3 Years:1%
Last Year:2%

Mahindra Lifespace Developers Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital41414141414151515151155155155
Reserves1,1141,2521,2211,4341,5891,6592,0081,8781,6501,5801,6341,6511,595
Borrowings6679661,4011,238784652459228237245286268297
Other Liabilities4495997648965965354818366036979631,5371,720
Total Liabilities2,2712,8583,4273,6093,0102,8862,9982,9942,5422,5733,0373,6113,767
Fixed Assets22430432335477100959598911033759
CWIP87158189101215359
Investments175133301222816742926688548558622905873
Other Assets1,8642,4142,7873,0262,1162,0361,9672,2011,8831,9092,3082,6642,825
Total Assets2,2712,8583,4273,6093,0102,8862,9982,9942,5422,5733,0373,6113,767

Mahindra Lifespace Developers Ltd Reserves and Borrowings Chart

Mahindra Lifespace Developers Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -52-158-256300-17470194168-63-68-52-148
Cash from Investing Activity -57-27-19542106141-1802888811012326
Cash from Financing Activity 14176386-336139-255-40-370-67-2012-27
Net Cash Flow-96-10-65672-44-2585-422383-149

Mahindra Lifespace Developers Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days10345561639369485681248578
Inventory Days
Days Payable
Cash Conversion Cycle10345561639369485681248578
Working Capital Days6377981,0537228256107436526582,286931550
ROCE %11%15%8%17%7%7%7%6%-3%-3%1%2%

Mahindra Lifespace Developers Ltd Financial Efficiency Indicators Chart

Mahindra Lifespace Developers Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters51.46%51.46%51.45%51.45%51.34%51.33%51.33%51.31%51.30%51.28%51.20%51.19%
FIIs12.41%13.50%12.59%11.60%10.61%9.77%10.60%11.42%11.07%11.30%11.45%11.87%
DIIs14.48%14.21%16.02%16.02%17.38%18.81%18.92%18.34%18.96%19.44%19.86%20.18%
Public21.65%20.84%19.95%20.94%20.67%20.08%19.15%18.92%18.66%17.98%17.48%16.77%
No. of Shareholders55,64953,95154,84172,60670,85168,39668,92974,05373,01272,86574,13291,840

Mahindra Lifespace Developers Ltd Shareholding Pattern Chart

No. of Mahindra Lifespace Developers Ltd Shareholders

Mahindra Lifespace Developers Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Kotak Small Cap Fund - Regular Plan42735191.72209.77
HSBC Small Cap Fund - Regular Plan42422001.8208.23
ICICI Prudential ELSS Tax Saver Fund35614711.58174.81
Nippon India Growth Fund30654890.76161.93
ICICI Prudential Smallcap Fund22498071.84110.43
Canara Robeco Small Cap Fund15254500.9574.88
Kotak Balanced Advantage Fund14968330.573.47
L&T Flexicap Fund - Regular Plan14483002.0258.12
Kotak Multicap Fund10927470.8453.64
Kotak Equity Hybrid Fund - Regular Plan10355741.250.83

Mahindra Lifespace Developers Ltd ROCE Trend

Mahindra Lifespace Developers Ltd EPS Trend

Mahindra Lifespace Developers Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)6.5610.01-13.96-37.6623.32
Diluted EPS (Rs.)6.569.96-13.96-37.5723.27
Cash EPS (Rs.)-0.205.04-14.90-31.619.70
Book Value[Excl.RevalReserv]/Share (Rs.)116.76118.93325.61339.40384.24
Book Value[Incl.RevalReserv]/Share (Rs.)116.76118.93325.61339.40384.24
Revenue From Operations / Share (Rs.)39.2225.4732.35118.95115.45
PBDIT / Share (Rs.)-3.69-4.84-14.00-4.2516.92
PBIT / Share (Rs.)-4.48-5.26-15.36-5.7516.18
PBT / Share (Rs.)-0.800.58-17.49-33.4413.75
Net Profit / Share (Rs.)-0.984.62-16.26-33.118.96
NP After MI And SOA / Share (Rs.)6.5610.00-13.96-37.6623.31
PBDIT Margin (%)-9.42-19.00-43.27-3.5714.65
PBIT Margin (%)-11.43-20.66-47.47-4.8314.01
PBT Margin (%)-2.052.29-54.07-28.1111.91
Net Profit Margin (%)-2.5218.15-50.26-27.837.76
NP After MI And SOA Margin (%)16.7139.25-43.15-31.6520.19
Return on Networth / Equity (%)5.618.63-4.39-11.366.20
Return on Capital Employeed (%)-3.81-4.26-4.49-1.624.09
Return On Assets (%)2.805.08-2.78-7.603.99
Long Term Debt / Equity (X)0.000.030.040.030.01
Total Debt / Equity (X)0.140.150.140.120.10
Asset Turnover Ratio (%)0.150.100.030.170.17
Current Ratio (X)1.521.892.252.502.22
Quick Ratio (X)0.340.610.600.830.83
Dividend Payout Ratio (NP) (%)30.470.000.00-16.0327.21
Dividend Payout Ratio (CP) (%)27.200.000.00-16.7026.38
Earning Retention Ratio (%)69.530.000.00116.0372.79
Cash Earning Retention Ratio (%)72.800.000.00116.7073.62
Interest Coverage Ratio (X)-5.24-11.48-6.56-2.866.96
Interest Coverage Ratio (Post Tax) (X)-6.62-2.90-6.62-3.654.69
Enterprise Value (Cr.)5640.656229.183076.681096.421798.23
EV / Net Operating Revenue (X)9.3015.8318.511.793.03
EV / EBITDA (X)-98.69-83.27-42.77-50.2220.70
MarketCap / Net Operating Revenue (X)8.9915.5617.601.603.11
Retention Ratios (%)69.520.000.00116.0372.78
Price / BV (X)3.023.421.790.570.95
Price / Net Operating Revenue (X)8.9915.5617.611.603.11
EarningsYield0.010.02-0.02-0.190.06

Mahindra Lifespace Developers Ltd Profitability Ratios (%)

Mahindra Lifespace Developers Ltd Liquidity Ratios

Mahindra Lifespace Developers Ltd Liquidity Ratios (%)

Mahindra Lifespace Developers Ltd Interest Coverage Ratios (%)

Mahindra Lifespace Developers Ltd Valuation Ratios

Fair Value of Mahindra Lifespace Developers Ltd Stock

Fair Value: ₹672.48

The stock is undervalued by 14.76% compared to the current price ₹586

*Investments are subject to market risks

Strength and Weakness of Mahindra Lifespace Developers Ltd Stock

StrengthWeakness
  1. The company has higher reserves (1,558.85 cr) compared to borrowings (594.46 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 is trading at a high valuation with an average P/B ratio of -2.93 and average Dividend Yield of -14.08%.
  2. The stock has a low average ROCE of 6.25%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 594.08, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 69.08, which may not be favorable.

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