Macrotech Developers Ltd

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

Macrotech Developers Ltd

₹ 1,146 -0.04%
15 Jan 10:49 a.m.
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 ₹ 1,14,199 Cr.
  • Current Price ₹ 1,146
  • High / Low ₹ 1,650 / 977
  • Stock P/E 53.2
  • Book Value ₹ 183
  • Dividend Yield 0.19 %
  • ROCE 11.1 %
  • ROE 10.7 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 6.26 times its book value
  • Company has a low return on equity of 10.3% over last 3 years.
  • Company might be capitalizing the interest cost
  • Promoter holding has decreased over last 3 years: -16.4%

* 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 Nifty LargeMidcap 250 Nifty 200 Nifty 500 Nifty 100 Equal Weight Nifty Next 50

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
2,124 2,059 3,445 2,676 1,765 1,774 3,255 1,617 1,750 2,931 4,018 2,846 2,626
1,668 1,581 2,539 2,210 1,343 1,370 2,487 1,289 1,338 2,055 2,972 2,090 1,922
Operating Profit 456 479 906 466 422 404 769 328 412 876 1,046 756 704
OPM % 21% 23% 26% 17% 24% 23% 24% 20% 24% 30% 26% 27% 27%
14 97 37 0 -1,182 129 16 54 6 -77 65 72 59
Interest 156 157 122 119 125 118 117 124 123 117 116 117 136
Depreciation 18 19 19 20 22 22 30 24 29 33 117 60 66
Profit before tax 295 399 802 327 -906 393 638 235 265 649 878 651 560
Tax % 24% 28% 33% 17% 3% -3% -17% 24% 24% 22% 24% 27% 24%
223 286 538 271 -933 405 746 179 203 505 667 476 423
EPS in Rs 2.46 2.97 5.56 2.81 -9.69 4.20 7.73 1.85 2.09 5.22 6.69 4.78 4.25
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
2,173 2,954 6,236 8,249 7,926 9,677 11,907 12,443 5,449 9,233 9,470 10,316 12,421
1,663 2,229 4,769 6,123 6,313 7,995 8,728 10,526 4,066 7,047 7,406 7,651 9,039
Operating Profit 510 724 1,467 2,126 1,614 1,682 3,179 1,917 1,383 2,186 2,064 2,665 3,383
OPM % 23% 25% 24% 26% 20% 17% 27% 15% 25% 24% 22% 26% 27%
145 124 423 510 584 285 72 119 -140 293 -1,037 48 119
Interest 283 254 492 988 736 390 568 740 1,136 688 482 482 486
Depreciation 17 37 128 450 460 395 194 292 73 75 93 204 278
Profit before tax 355 556 1,269 1,198 1,001 1,182 2,489 1,003 33 1,716 452 2,028 2,738
Tax % 26% 32% 37% 41% 42% 33% 34% 26% -44% 30% -8% 23%
264 381 798 703 584 794 1,644 742 48 1,208 490 1,554 2,071
EPS in Rs 5.97 8.83 18.46 16.25 12.91 10.03 20.66 9.19 0.51 12.49 5.05 15.58 20.94
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 20% 14%
Compounded Sales Growth
10 Years: %
5 Years: -3%
3 Years: 24%
TTM: 48%
Compounded Profit Growth
10 Years: %
5 Years: 0%
3 Years: 69%
TTM: 40%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 24%
1 Year: -3%
Return on Equity
10 Years: %
5 Years: 11%
3 Years: 10%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 108 108 108 108 113 396 396 396 396 482 482 994 995
Reserves 636 1,018 3,186 3,865 3,920 4,756 3,445 4,156 4,203 11,624 12,181 16,475 17,189
5,596 4,259 11,852 13,835 16,183 22,616 25,641 18,423 18,193 11,537 9,060 7,698 7,990
3,138 3,883 12,752 13,173 13,715 12,483 20,382 17,717 16,516 14,763 17,399 22,031 21,211
Total Liabilities 9,478 9,268 27,898 30,981 33,931 40,251 49,864 40,693 39,308 38,404 39,122 47,198 47,385
991 971 2,290 1,899 1,753 2,197 2,139 2,021 1,946 1,923 1,828 1,169 1,264
CWIP 159 112 4 176 109 6 6 6 6 0 0 4 0
Investments 376 181 595 611 1,180 1,384 1,405 1,553 1,579 574 246 2,500 1,460
7,951 8,003 25,008 28,295 30,888 36,664 46,314 37,112 35,776 35,908 37,048 43,524 44,661
Total Assets 9,478 9,268 27,898 30,981 33,931 40,251 49,864 40,693 39,308 38,404 39,122 47,198 47,385

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
387 1,469 696 -463 3,772 2,524 1,998 2,750 2,512
-854 -1,174 -651 -175 182 420 1,139 1,789 -2,947
330 -312 24 736 -4,188 -2,835 -2,888 -3,706 951
Net Cash Flow -137 -16 69 97 -234 109 250 834 516

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 40 32 63 30 28 29 15 23 44 26 28 28
Inventory Days
Days Payable
Cash Conversion Cycle 40 32 63 30 28 29 15 23 44 26 28 28
Working Capital Days 695 522 655 590 654 496 700 447 1,046 709 648 644
ROCE % 13% 13% 9% 7% 11% 6% 7% 10% 9% 11%

Shareholding Pattern

Numbers in percentages

5 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
82.22% 82.22% 82.20% 82.20% 75.00% 74.99% 74.96% 74.93% 74.92% 72.16% 72.13% 72.11%
15.27% 14.91% 14.54% 13.93% 19.42% 18.98% 19.83% 20.52% 21.09% 23.79% 24.18% 24.20%
1.18% 1.45% 1.86% 2.54% 3.48% 3.68% 3.81% 3.50% 3.21% 3.32% 2.96% 2.78%
1.33% 1.43% 1.40% 1.34% 2.10% 2.33% 1.40% 1.05% 0.78% 0.73% 0.72% 0.91%
No. of Shareholders 45,84350,65253,30453,34351,05853,43155,20252,59052,80560,81267,69992,933

* 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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