Macrotech Developers Ltd

Macrotech Devel. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Macrotech Developers Ltd

₹ 1,216 1.93%
21 Feb - close price
lodhagroup.com BSE: 543287 NSE: LODHA
About

Macrotech Developers Ltd is primarily engaged in the business of real estate development. It is among the largest real estate developers in terms of presales and development pipeline in India with a presence in MMR, Pune and entered in Bengaluru market in Nov'23.[1]

Key Points

About[1]
Established in the 1980s, MDL is among India’s largest real estate developers with over 85 million square feet (msf) of developed properties, mostly within the Mumbai Metropolitan Region (MMR). As of FY24, MDL has about 40 operating projects across luxury, premium, mid-income, and affordable segments. Roughly 60% of revenue comes from affordable and mid-income segments.

Website BSE NSE
  • Market Cap ₹ 1,21,233 Cr.
  • Current Price ₹ 1,216
  • High / Low ₹ 1,650 / 977
  • Stock P/E 62.0
  • Book Value ₹ 177
  • Dividend Yield 0.19 %
  • ROCE 9.32 %
  • ROE 8.64 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is expected to give good quarter

Cons

  • Stock is trading at 6.86 times its book value
  • Company has a low return on equity of 9.15% over last 3 years.
  • Company might be capitalizing the interest cost
  • Promoter holding has decreased over last 3 years: -10.2%

* 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: Realty Industry: Construction

Part of BSE 100 LargeCap TMC Index Nifty Realty BSE 250 LargeMidCap Index Nifty Total Market BSE Consumer Discretionary

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024
1,398 3,320 2,709 1,734 1,677 3,105 1,408 1,731 2,794 3,526 2,785 2,560 3,485
1,067 2,462 2,192 1,312 1,321 2,415 1,131 1,334 1,984 2,687 2,045 1,894 2,567
Operating Profit 330 858 517 422 357 690 278 397 810 839 740 666 919
OPM % 24% 26% 19% 24% 21% 22% 20% 23% 29% 24% 27% 26% 26%
38 10 14 -1,170 166 68 93 23 -192 130 95 92 87
Interest 70 101 123 133 135 136 154 140 130 119 132 156 170
Depreciation 14 14 21 32 34 38 41 46 42 122 66 88 72
Profit before tax 284 754 387 -913 354 584 176 234 445 729 637 514 764
Tax % 27% 33% 26% 3% -8% -24% 23% 25% 30% 26% 27% 25% 26%
209 504 286 -939 383 726 135 176 313 539 466 385 565
EPS in Rs 2.17 5.24 2.97 -9.75 3.98 7.53 1.40 1.83 3.25 5.42 4.68 3.87 5.66
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
6,795 5,865 7,443 9,516 8,115 4,300 8,353 9,225 9,460 12,357
5,137 4,741 6,071 7,105 6,205 3,310 6,388 7,237 7,134 9,193
Operating Profit 1,658 1,124 1,372 2,411 1,909 990 1,966 1,988 2,326 3,164
OPM % 24% 19% 18% 25% 24% 23% 24% 22% 25% 26%
26 -15 551 18 -225 -314 91 -922 55 404
Interest 201 169 697 414 786 823 402 529 545 577
Depreciation 376 419 385 151 243 57 56 124 251 348
Profit before tax 1,107 521 841 1,864 655 -204 1,599 413 1,584 2,644
Tax % 38% 38% 38% 35% 34% -9% 29% -11% 27%
688 321 521 1,212 433 -186 1,134 456 1,164 1,955
EPS in Rs 15.92 7.09 6.58 15.31 5.47 -2.35 11.77 4.73 11.70 19.63
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 21% 19%
Compounded Sales Growth
10 Years: %
5 Years: 0%
3 Years: 30%
TTM: 37%
Compounded Profit Growth
10 Years: %
5 Years: 1%
3 Years: 58%
TTM: 27%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 27%
1 Year: 9%
Return on Equity
10 Years: %
5 Years: 10%
3 Years: 9%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 108 113 396 396 396 396 482 482 994 995
Reserves 2,912 3,729 4,626 3,225 3,941 3,758 11,695 12,090 15,999 16,666
11,831 12,553 15,860 16,999 16,897 14,815 10,832 10,590 8,875 8,042
10,510 12,155 9,283 15,000 13,205 12,998 14,553 17,190 21,756 20,913
Total Liabilities 25,361 28,551 30,165 35,620 34,439 31,968 37,562 40,352 47,624 46,616
1,212 1,105 1,863 1,791 1,685 1,627 1,712 1,955 1,129 1,036
CWIP 289 100 6 6 6 6 0 0 0 0
Investments 1,679 2,587 925 982 1,058 1,059 612 380 2,385 1,442
22,181 24,758 27,371 32,841 31,690 29,276 35,238 38,017 44,111 44,138
Total Assets 25,361 28,551 30,165 35,620 34,439 31,968 37,562 40,352 47,624 46,616

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
2,000 3,456 1,961 1,633 1,780
-147 496 -1,624 1,684 -1,931
-1,985 -3,873 -202 -2,377 667
Net Cash Flow -131 79 134 941 516

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 25 20 35 16 33 49 22 29 29
Inventory Days
Days Payable
Cash Conversion Cycle 25 20 35 16 33 49 22 29 29
Working Capital Days 1,041 663 803 566 697 1,180 720 692 711
ROCE % 4% 8% 11% 9% 5% 10% 9% 9%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
82.22% 82.20% 82.20% 75.00% 74.99% 74.96% 74.93% 74.92% 72.16% 72.13% 72.11% 71.98%
14.91% 14.54% 13.93% 19.42% 18.98% 19.83% 20.52% 21.09% 23.79% 24.18% 24.20% 24.45%
1.45% 1.86% 2.54% 3.48% 3.68% 3.81% 3.50% 3.21% 3.32% 2.96% 2.78% 2.63%
1.43% 1.40% 1.34% 2.10% 2.33% 1.40% 1.05% 0.78% 0.73% 0.72% 0.91% 0.92%
No. of Shareholders 50,65253,30453,34351,05853,43155,20252,59052,80560,81267,69992,93394,623

* 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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