Mahindra Lifespace Developers Ltd.
•Add ratio to table
ABOUT
KEY POINTS
Revenue Breakup Mar 2024 • Projects, Project Management & Development: 76.2% • Operating of Commercial Complexes: 23.8%
AI Sector View
AI GENERATEDRealty
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.
PROS
- Latest quarter profit grew 366.5% YoY, showing strong momentum
- Company has delivered good sales growth of 57.2% CAGR over last 5 years
- Working capital cycle has improved - days down from 1161 to 327
- Company has a consistent dividend-paying track record
- Company maintains a comfortable, low leverage position
CONS
- Company is loss-making at the operating / net level
- Operating cash flow has been negative in recent years
- A large part of profit comes from other income (360.6% of PBT)
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -12.53x)
- Company has a low return on capital employed of 1.2%
- Company has a low return on equity of 1.3% over last 3 years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| DLF | 681.20 | 37.93 | 168618.23 | 1.17 | 793.90 | -89.59 | 1280.34 | -52.87 | 6.81 | 49.68 |
| LODHA | 1214.40 | 29.41 | 121345.67 | 0.35 | 1373.10 | 103.39 | 4996.70 | 43.10 | 16.89 | 38.51 |
| PHOENIXLTD | 1940.40 | 54.22 | 69403.81 | 0.13 | 394.51 | 22.95 | 1074.94 | 12.80 | 15.41 | 59.77 |
| PRESTIGE | 1608.00 | 60.81 | 69261.42 | 0.12 | 271.40 | -12.87 | 2675.10 | 15.94 | 11.51 | 31.75 |
| OBEROIRLTY | 1875.00 | 25.93 | 68175.42 | 0.43 | 543.51 | 29.02 | 1300.89 | 31.73 | 17.69 | 56.75 |
| GODREJPROP | 1990.00 | 37.46 | 59944.07 | 0.50 | 349.38 | -41.61 | 506.17 | 16.48 | 8.37 | -57.98 |
| BRIGADE | 696.00 | 32.68 | 22707.65 | 0.22 | 216.94 | 37.35 | 1115.55 | -12.93 | 11.02 | 32.33 |
| ANANTRAJ | 624.80 | 38.86 | 22485.11 | 0.16 | 149.19 | 18.50 | 631.40 | 6.58 | 12.23 | 29.53 |
| ABREL | 1372.05 | 115.87 | 15325.21 | 0.18 | -34.59 | -27.73 | 188.85 | 30.95 | -4.54 | -30.02 |
| SOBHA | 1259.40 | 58.40 | 13469.77 | 0.48 | 50.85 | 273.37 | 1278.15 | 50.03 | 6.96 | 6.07 |
| SIGNATURE | 796.95 | 10.74 | 11211.97 | 0.00 | -16.53 | -148.00 | 551.99 | -36.24 | 34.77 | -8.10 |
| MAHLIFE | 363.75 | 23.35 | 7761.47 | 0.96 | 85.55 | -83.31 | 962.13 | 2909.48 | 8.34 | 10.71 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7 | 7 | 2 | 3 | 182 | 2 | 162 | 4 | 26 | 12 | 272 | 550 | 331 | |
| 51 | 45 | 45 | 56 | 225 | 53 | 189 | 59 | 82 | 66 | 272 | 621 | 284 | |
| Operating Profit | -45 | -37 | -43 | -54 | -43 | -51 | -27 | -55 | -57 | -54 | 0 | -71 | 47 |
| OPM % | -670.83% | -502.69% | -2066.02% | -2105.10% | -23.54% | -2483.98% | -16.83% | -1495.12% | -223.07% | -449.21% | 0.07% | -12.82% | 14.26% |
| 36 | 42 | 8 | 42 | 20 | 61 | 102 | 101 | 33 | 45 | 125 | 111 | 66 | |
| Interest | 4 | 0 | 0 | 3 | 6 | 7 | 4 | 11 | 13 | 4 | 2 | 3 | 2 |
| Depreciation | 2 | 3 | 4 | 4 | 4 | 4 | 4 | 5 | 6 | 6 | 6 | 6 | 5 |
| Profit before Tax | -15 | 2 | -39 | -19 | -33 | -1 | 66 | 29 | -43 | -19 | 118 | 32 | 113 |
| Tax % | 63.55% | 25.85% | 25.18% | 67.58% | 29.02% | 16.90% | 27.92% | 4.96% | 21.20% | -29.20% | 14.48% | 7.48% | 20.21% |
| Net Profit | -5 | 2 | -29 | -6 | -24 | -1 | 48 | 28 | -34 | -25 | 101 | 30 | 90 |
| -0.35 | 0.10 | -1.86 | -0.39 | -1.41 | -0.03 | 2.83 | 1.66 | -1.94 | -1.26 | 5.03 | 1.45 | 4.22 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 681 | 475 | 486 | 440 | 90 | 253 | 472 | 19 | 349 | 860 | 1,166 | |
| 646 | 439 | 462 | 504 | 196 | 377 | 584 | 197 | 526 | 1,041 | 1,243 | |
| Operating Profit | 34 | 36 | 24 | -64 | -106 | -124 | -112 | -178 | -176 | -181 | -77 |
| OPM % | 5.03% | 7.60% | 5.00% | -14.60% | -118.38% | -49.21% | -23.70% | -953.66% | -50.49% | -21.05% | -6.60% |
| 73 | 82 | 69 | -157 | 47 | 158 | 281 | 128 | 283 | 314 | 346 | |
| Interest | 32 | 35 | 5 | 2 | 4 | 5 | 9 | 7 | 28 | 21 | 10 |
| Depreciation | 4 | 4 | 3 | 7 | 7 | 6 | 10 | 13 | 18 | 24 | 22 |
| Profit before Tax | 71 | 79 | 85 | -230 | -70 | 23 | 151 | -70 | 61 | 88 | 244 |
| Tax % | 30.64% | 32.70% | 30.72% | 1.66% | 25.01% | -90.64% | -0.46% | 44.63% | 16.47% | 18.08% | 19.62% |
| Net Profit | 49 | 53 | 59 | -226 | -52 | 43 | 151 | -39 | 51 | 72 | 196 |
| EPS | 10.96 | 10.46 | 11.39 | -43.90 | -10.17 | 2.77 | 9.77 | -2.50 | 3.31 | 3.38 | — |
| Dividend Payout % | 50.34% | 57.97% | 52.58% | 0.00% | 0.00% | 72.05% | 23.52% | -105.82% | 84.57% | 103.57% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 6%
- 5 Years:
- 57%
- 3 Years:
- 22%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- -1%
- 5 Years:
- —
- 3 Years:
- -22%
STOCK PRICE CAGR
- 10 Years:
- 11%
- 5 Years:
- 8%
- 3 Years:
- -11%
- 1 Year:
- 2%
RETURN ON EQUITY
- 10 Years:
- 1%
- 5 Years:
- 3%
- 3 Years:
- 1%
- Last Year:
- 3%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 |
| 1,447 | 1,749 | 1,696 | 1,445 | 1,389 | 1,332 | 1,455 | 1,384 | 1,396 | 2,838 | |
| 440 | 168 | 120 | 120 | 111 | 168 | 238 | 871 | 1,412 | 631 | |
| Trade Payables | 170 | 167 | 123 | 92 | 94 | 116 | 168 | 168 | 206 | 379 |
| 331 | 368 | 421 | 273 | 351 | 490 | 1,084 | 1,789 | 2,579 | 2,775 | |
| Total Liabilities | 2,429 | 2,504 | 2,411 | 1,981 | 1,997 | 2,261 | 3,098 | 4,366 | 5,748 | 6,836 |
| 9 | 6 | 6 | 10 | 3 | 16 | 15 | 24 | 25 | 27 | |
| Capital Work in Progress | 8 | 9 | 10 | 12 | 15 | 3 | 5 | 5 | 5 | 3 |
| 804 | 851 | 651 | 467 | 470 | 491 | 763 | 648 | 605 | 1,082 | |
| 879 | 739 | 998 | 913 | 1,032 | 1,057 | 1,815 | 3,178 | 3,795 | 3,500 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 69 | 126 | 184 | |
| Cash & Bank | 53 | 85 | 217 | 95 | 108 | 191 | 64 | 98 | 249 | 322 |
| 676 | 814 | 529 | 484 | 369 | 503 | 436 | 346 | 942 | 1,717 | |
| Total Assets | 2,429 | 2,504 | 2,411 | 1,981 | 1,997 | 2,261 | 3,098 | 4,366 | 5,748 | 6,836 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 154 | 117 | 182 | -82 | -85 | -62 | -176 | -706 | -97 | -257 | |
| Cash from Investing | 3 | -79 | 222 | 102 | 137 | 112 | 20 | 209 | -175 | -482 |
| Cash from Financing | -237 | -37 | -309 | -48 | -21 | 42 | 23 | 540 | 421 | 542 |
| -92 | -10 | 73 | -36 | 24 | 83 | -138 | 43 | 149 | -197 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | ||||||||||
| EPS (₹) | 11.92 | 10.35 | 11.41 | -44.00 | -10.17 | 2.78 | 9.78 | -2.50 | 3.31 | 3.38 |
| Book Value (₹) | 362.56 | 350.76 | 340.22 | 291.32 | 280.26 | 96.23 | 104.04 | 99.27 | 100.00 | 143.03 |
| Dividend per Share (₹) | 6.00 | 6.00 | 6.00 | 0.00 | 0.00 | 2.00 | 2.30 | 2.65 | 2.80 | 3.50 |
| Cash EPS (₹) | 3.97 | 3.40 | 3.67 | -13.03 | -2.72 | 2.92 | 9.55 | -1.56 | 4.08 | 4.49 |
| PROFITABILITY | ||||||||||
| Operating Margin % | 15.70% | 24.90% | 19.16% | 3.77% | -66.22% | -27.97% | 9.40% | -953.66% | -50.49% | -21.05% |
| Net Margin % | 7.19% | 11.18% | 12.06% | -51.38% | -58.29% | 16.97% | 32.05% | -207.74% | 14.70% | 8.38% |
| ROE % | 3.31% | 3.23% | 3.30% | -13.94% | -3.56% | 2.93% | 9.77% | -2.47% | 3.32% | 3.13% |
| ROCE % | 4.86% | 5.41% | 4.45% | -13.08% | -4.16% | 1.70% | 9.07% | -2.96% | 3.31% | 3.27% |
| 1.95% | 2.15% | 2.38% | -10.29% | -2.63% | 2.01% | 5.64% | -1.04% | 1.02% | 1.15% | |
| EFFICIENCY | ||||||||||
| Debtor Days | 30 | 68 | 87 | 84 | 285 | 85 | 64 | 1626 | 102 | 66 |
| Inventory Days | 530 | 622 | 652 | 793 | 3959 | 1508 | 1111 | 0 | 3643 | 1547 |
| Payable Days | 133 | 190 | 159 | 112 | 422 | 172 | 128 | 2472 | 229 | 138 |
| 427 | 500 | 580 | 765 | 3821 | 1421 | 1047 | -847 | 3516 | 1476 | |
| FINANCIAL HEALTH | ||||||||||
| Debt to Equity (x) | 0.38x | 0.20x | 0.07x | 0.08x | 0.08x | 0.11x | 0.15x | 0.56x | 0.92x | 0.20x |
| Interest Coverage (x) | 3.21x | 3.23x | 16.42x | -124.10x | -18.00x | 5.75x | 18.69x | -8.98x | 3.21x | 5.19x |
| 2.43x | 2.57x | 2.52x | 2.86x | 2.45x | 2.03x | 1.57x | 1.63x | 1.33x | 1.20x | |
| GROWTH | ||||||||||
| Revenue Growth % | 35.54% | -30.20% | 2.32% | -9.49% | -79.62% | 182.04% | 86.67% | -96.04% | 1769.35% | 146.29% |
| Operating Profit Growth % | -36.20% | 10.70% | -21.28% | -82.20% | -457.97% | -19.13% | 162.74% | -265.59% | 245.51% | 27.44% |
| Net Profit Growth % | -37.49% | 8.56% | 10.30% | -485.71% | 76.88% | 182.10% | 252.62% | -125.67% | 232.27% | 40.42% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -125.61% | 232.20% | 2.08% | |
| VALUATION | ||||||||||
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 82.94x | 87.08x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 5.91x | 2.99x | 2.06x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.45% | 0.94% | 1.19% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | -134.19x | 54.46x | 48.31x |
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-08-27 - Mahindra Lifespace Developers Limited has informed the Exchange about Disinvestment
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 - 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 - Mahindra Lifespace Developers Limited has informed the Exchange about Credit Rating
2026-07-30 - Mahindra Lifespace Developers Limited has informed the Exchange about Transcript
2026-07-25 - Mahindra Lifespace Developers Limited has informed the Exchange about Credit Rating
2026-07-24 - Mahindra Lifespace Developers Limited has informed the Exchange about Link of Recording
2026-07-24 - Mahindra Lifespace Developers Limited has informed the Exchange about Copy of Newspaper Publication
2026-07-23 - Mahindra Lifespace Developers Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on July 23, 2026. Further, the company has informed the Exchange regarding voting results.
News
Recent coverage and analyst commentary for MAHLIFE
Loading news…
AI Stock Analyst
Mahindra Lifespace Developers Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account