Mahindra Lifespace Developers Ltd.

•

mahindralifespaces.comBSE: 532313NSE: MAHLIFE

Market Cap₹ 7,536 Cr.

Current Price

High / Low₹ 427 / 287

Stock P/E22.7

Book Value₹ 173

Price to Book1.74

Dividend Yield0.99 %

ROCE8.3 %

ROE10.8 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2024 • Projects, Project Management & Development: 97.9% • Operating of Commercial Complexes: 2.1%

AI Sector View

AI GENERATED

Realty

Buy

Housing and construction indicators remain supportive for real estate. The housing index reached 105 (Mar/26), residential property prices rose 4.21% (Mar/26), construction output was 5.4% (Jul/26), and cement output accelerated to 13.1% YoY (2026-07). Bank lending rates are steady at 8.96% (Aug/26) rather than easing, but FPI flows turned positive with INR 1999 crore net inflow over 3 months to 2026-08-31 from INR -7216 crore previously.

Confidence

75%

View full sector analysis →

PROS

Company has consistently been profitable over the last 5 years
Company has delivered good sales growth of 47.9% CAGR over last 5 years
Working capital cycle has improved - days down from 1547 to 613
Stock looks reasonably valued - P/E of 22.7 is below its historical median
Company comfortably covers its interest (29.1x coverage)
Company has a consistent dividend-paying track record

CONS

Company is loss-making at the operating / net level
Operating cash flow has been negative in recent years
Company has a low return on capital employed of 4.6%
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -3.82x)
A large part of profit comes from other income (28.6% of PBT)
Company has a low return on equity of 6.5% over last 3 years

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

RealtyRealtyConstruction - Real Estate

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	DLF	643.60	35.83	159311.06	1.24	793.90	-89.59	1280.34	-52.87	6.81	49.68
2.	LODHA	1113.00	26.96	111226.00	0.38	1373.10	103.39	4996.70	43.10	16.89	38.51
3.	PHOENIXLTD	1891.15	52.85	67642.25	0.13	394.51	22.95	1074.94	12.80	15.41	59.77
4.	PRESTIGE	1505.00	56.92	64824.90	0.13	271.40	-12.87	2675.10	15.94	11.51	31.75
5.	OBEROIRLTY	1747.40	24.16	63535.85	0.46	543.51	29.02	1300.89	31.73	17.69	56.75
6.	GODREJPROP	1745.00	32.85	52564.02	0.57	349.38	-41.61	506.17	16.48	8.37	-57.98
7.	ANANTRAJ	599.05	37.26	21558.43	0.17	149.19	18.50	631.40	6.58	12.23	29.53
8.	BRIGADE	638.90	30.00	20844.71	0.24	216.94	37.35	1115.55	-12.93	11.02	32.33
9.	ABREL	1284.65	108.49	14348.99	0.19	-34.59	-27.73	188.85	30.95	-4.54	-30.02
10.	SOBHA	1217.35	56.45	13020.02	0.49	50.85	273.37	1278.15	50.03	6.96	6.07
11.	SIGNATURE	762.15	10.27	10722.39	0.00	-16.53	-148.00	551.99	-36.24	34.77	-8.10
12.	MAHLIFE	353.20	22.67	7536.36	0.99	85.55	-83.31	962.13	2909.48	8.34	10.71

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	98	18	82	14	188	8	167	9	32	18	459	670	962
	141	53	121	68	230	55	193	64	87	70	429	714	875
Operating Profit	-43	-35	-39	-54	-42	-48	-25	-55	-55	-52	30	-44	87
OPM %	-43.97%	-196.45%	-47.54%	-378.59%	-22.10%	-626.94%	-15.18%	-597.19%	-172.10%	-298.80%	6.49%	-6.55%	9.05%
	12	8	7	40	19	8	18	46	9	16	36	54	15
Interest	4	0	0	3	6	7	4	2	4	2	2	3	2
Depreciation	3	3	4	4	4	4	4	6	6	7	6	6	5
Profit before Tax	-38	-30	-36	-20	-33	-50	-15	-17	-56	-45	58	1	111
Tax %	24.42%	35.71%	30.07%	63.80%	28.94%	-0.04%	-114.63%	-8.86%	17.12%	-6.24%	35.39%	-773.68%	22.93%
Net Profit	0	0	0	0	127	-140	-22	851	513	479	1,089	901	86
	-0.28	-1.22	3.23	4.62	0.75	-0.83	-1.33	5.04	2.93	2.47	5.43	4.42	4.01

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	762	566	593	611	166	394	607	212	372	1,178	2,108
	712	509	567	668	260	483	717	383	542	1,300	2,088
Operating Profit	50	57	26	-57	-94	-89	-110	-171	-170	-122	20
OPM %	6.60%	10.14%	4.36%	-9.30%	-56.25%	-22.74%	-18.15%	-80.67%	-45.63%	-10.32%	0.97%
	69	78	61	-100	22	112	121	67	92	113	120
Interest	20	41	12	8	11	7	11	7	19	11	9
Depreciation	5	4	4	8	7	7	12	14	18	24	23
Profit before Tax	139	135	143	-196	-78	99	106	54	71	306	125
Tax %	23.77%	23.17%	17.16%	0.86%	8.14%	-62.88%	2.68%	-81.07%	12.97%	2.57%	34.50%
Net Profit	106	103	119	-195	-71	162	103	98	61	298	82
EPS	23.03	19.88	23.27	-37.57	-13.96	9.96	6.55	6.34	3.95	13.97	—
Dividend Payout %	24.09%	30.49%	25.74%	0.00%	0.00%	20.00%	35.08%	41.81%	70.85%	25.05%	—

COMPOUNDED SALES GROWTH

10 Years:: 7%
5 Years:: 48%
3 Years:: 25%

COMPOUNDED PROFIT GROWTH

10 Years:: 13%
5 Years:: —
3 Years:: 43%

STOCK PRICE CAGR

10 Years:: 11%
5 Years:: 6%
3 Years:: -12%
1 Year:: -3%

RETURN ON EQUITY

10 Years:: 4%
5 Years:: 7%
3 Years:: 6%
Last Year:: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	41	51	51	51	51	155	155	155	155	213
Minority Interest	43	45	44	42	42	49	0	0	0	0
	1,654	2,002	1,874	1,645	1,574	1,630	1,648	1,714	1,736	3,404
	532	241	208	210	246	285	267	878	1,414	653
Trade Payables	203	194	188	128	135	173	192	195	233	484
	412	465	629	466	521	667	1,290	1,902	2,783	3,427
Total Liabilities	2,886	2,998	2,994	2,542	2,570	2,959	3,552	4,843	6,321	8,181
	76	73	74	77	70	83	17	24	26	27
Capital Work in Progress	8	9	10	12	15	3	5	5	5	10
	742	926	688	548	558	622	905	914	904	1,269
	1,171	912	1,345	1,204	1,345	1,442	2,098	3,378	4,462	5,175
	0	0	0	0	0	0	0	107	139	228
Cash & Bank	84	130	294	132	135	225	77	107	256	535
	804	946	583	567	447	582	449	309	530	937
Total Assets	2,886	2,998	2,994	2,542	2,570	2,959	3,552	4,843	6,321	8,181

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	87	212	195	-50	-55	-34	-137	-661	-542	-545
Cash from Investing	141	-180	288	88	110	123	28	214	273	-145
Cash from Financing	-255	-40	-370	-67	-20	12	-27	489	416	531
	-44	-25	85	-42	23	83	-148	42	147	-159

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	51.16	51.15	51.15	51.14	52.43	52.42	52.41	52.41	52.41
	9.74	9.82	9.99	9.55	8.70	8.12	7.81	7.64	7.38
	21.26	20.91	20.70	20.09	21.82	22.45	22.83	22.86	22.77
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	17.84	18.12	18.15	19.22	17.05	17.00	16.94	17.09	17.45

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-08

Addendum

2026-09-08 - Mahindra Lifespace Developers Limited has informed the Exchange about Addendum to the Integrated Annual Report FY 2025-26 in relation to certain sustainability metrics

2026-09-07

Copy of Newspaper Publication

2026-09-07 - Mahindra Lifespace Developers Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-27

Diversification/Disinvestment

2026-08-27 - Mahindra Lifespace Developers Limited has informed the Exchange about Disinvestment

2026-08-21

Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

2026-08-21 - Mahindra Lifespace Developers Limited has informed the Exchange about Pendency of Litigation(s)/dispute(s) or the outcome impacting the Company

2026-08-10

Press Release

2026-08-10 - Mahindra Lifespace Developers Limited has informed the Exchange regarding a press release dated August 10, 2026, titled "Mahindra Group Announces Dedicated Strategic Focus on Holidays and Lifespaces Sector to Accelerate Growth".

2026-08-05

Credit Rating

2026-08-05 - Mahindra Lifespace Developers Limited has informed the Exchange about Credit Rating

2026-07-30

Analysts/Institutional Investor Meet/Con. Call Updates

2026-07-30 - Mahindra Lifespace Developers Limited has informed the Exchange about Transcript

2026-07-25

Credit Rating

2026-07-25 - Mahindra Lifespace Developers Limited has informed the Exchange about Credit Rating

2026-07-24

Analysts/Institutional Investor Meet/Con. Call Updates

2026-07-24 - Mahindra Lifespace Developers Limited has informed the Exchange about Link of Recording

News

Recent coverage and analyst commentary for MAHLIFE

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Mahindra Lifespace Developers Ltd.

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Free 5nance Account

Name

DLF

643.60

35.83

159311.06

1.24

793.90

-89.59

1280.34

-52.87

6.81

49.68

LODHA

1113.00

26.96

111226.00

0.38

1373.10

103.39

4996.70

43.10

16.89

38.51

PHOENIXLTD

1891.15

52.85

67642.25

0.13

394.51

22.95

1074.94

12.80

15.41

59.77

PRESTIGE

1505.00

56.92

64824.90

0.13

271.40

-12.87

2675.10

15.94

11.51

31.75

OBEROIRLTY

1747.40

24.16

63535.85

0.46

543.51

29.02

1300.89

31.73

17.69

56.75

GODREJPROP

1745.00

32.85

52564.02

0.57

349.38

-41.61

506.17

16.48

8.37

-57.98

ANANTRAJ

599.05

37.26

21558.43

0.17

149.19

18.50

631.40

6.58

12.23

29.53

BRIGADE

638.90

30.00

20844.71

0.24

216.94

37.35

1115.55

-12.93

11.02

32.33

ABREL

1284.65

108.49

14348.99

0.19

-34.59

-27.73

188.85

30.95

-4.54

-30.02

SOBHA

1217.35

56.45

13020.02

0.49

50.85

273.37

1278.15

50.03

6.96

6.07

SIGNATURE

762.15

10.27

10722.39

0.00

-16.53

-148.00

551.99

-36.24

34.77

-8.10

MAHLIFE

353.20

22.67

7536.36

0.99

85.55

-83.31

962.13

2909.48

8.34

10.71

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

188

167

459

670

962

141

121

230

193

429

714

875

Operating Profit

-43

-35

-39

-54

-42

-48

-25

-55

-52

-44

OPM %

-43.97%

-196.45%

-47.54%

-378.59%

-22.10%

-626.94%

-15.18%

-597.19%

-172.10%

-298.80%

6.49%

-6.55%

9.05%

Interest

Depreciation

Profit before Tax

-38

-30

-36

-20

-33

-50

-15

-17

-56

-45

111

Tax %

24.42%

35.71%

30.07%

63.80%

28.94%

-0.04%

-114.63%

-8.86%

17.12%

-6.24%

35.39%

-773.68%

22.93%

Net Profit

127

-140

-22

851

513

479

1,089

901

-0.28

-1.22

3.23

4.62

0.75

-0.83

-1.33

5.04

2.93

2.47

5.43

4.42

4.01

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

762

566

593

611

166

394

607

212

372

1,178

2,108

712

509

567

668

260

483

717

383

542

1,300

2,088

Operating Profit

-57

-94

-89

-110

-171

-170

-122

OPM %

6.60%

10.14%

4.36%

-9.30%

-56.25%

-22.74%

-18.15%

-80.67%

-45.63%

-10.32%

0.97%

-100

112

121

113

120

Interest

Depreciation

Profit before Tax

139

135

143

-196

-78

106

306

125

Tax %

23.77%

23.17%

17.16%

0.86%

8.14%

-62.88%

2.68%

-81.07%

12.97%

2.57%

34.50%

Net Profit

106

103

119

-195

-71

162

103

298

EPS

23.03

19.88

23.27

-37.57

-13.96

9.96

6.55

6.34

3.95

13.97

—

Dividend Payout %

24.09%

30.49%

25.74%

0.00%

20.00%

35.08%

41.81%

70.85%

25.05%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

155

213

Minority Interest

1,654

2,002

1,874

1,645

1,574

1,630

1,648

1,714

1,736

3,404

532

241

208

210

246

285

267

878

1,414

653

Trade Payables

203

194

188

128

135

173

192

195

233

484

412

465

629

466

521

667

1,290

1,902

2,783

3,427

Total Liabilities

2,886

2,998

2,994

2,542

2,570

2,959

3,552

4,843

6,321

8,181

Capital Work in Progress

742

926

688

548

558

622

905

914

904

1,269

1,171

912

1,345

1,204

1,345

1,442

2,098

3,378

4,462

5,175

107

139

228

Cash & Bank

130

294

132

135

225

107

256

535

804

946

583

567

447

582

449

309

530

937

Total Assets

2,886

2,998

2,994

2,542

2,570

2,959

3,552

4,843

6,321

8,181

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

212

195

-50

-55

-34

-137

-661

-542

-545

Cash from Investing

141

-180

288

110

123

214

273

-145

Cash from Financing

-255

-40

-370

-67

-20

-27

489

416

531

-44

-25

-42

-148

147

-159

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

51.16

51.15

51.14

52.43

52.42

52.41

9.74

9.82

9.99

9.55

8.70

8.12

7.81

7.64

7.38

21.26

20.91

20.70

20.09

21.82

22.45

22.83

22.86

22.77

Government

0.00

17.84

18.12

18.15

19.22

17.05

17.00

16.94

17.09

17.45

Mahindra Lifespace Developers Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Mahindra Lifespace Developers Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI