Mahindra Lifespace Developers Ltd
Mahindra Lifespace Developers Ltd was incorporated in 1999, it is engaged in the business of development of the real estate, residential facilities, commercial complexes and through its subsidiary companies is involved in various infrastructure projects including the development of SEZs and Industrial Clusters. [1][2]
Strengths
- +Company has reduced debt.
- +Company has delivered good profit growth of 28.1% CAGR over last 5 years
- +Company has been maintaining a healthy dividend payout of 27.4%
- +Debtor days have improved from 517 to 78.2 days.
Weaknesses
- −Company has a low return on equity of 0.84% over last 3 years.
- −Earnings include an other income of Rs.314 Cr.
Shareholding Pattern
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 51.16% | 51.15%▼0.0 | 51.15% | 51.14%▼0.0 | 52.43%▲1.3 | 52.42%▼0.0 | 52.41%▼0.0 | 52.41% |
| FIIs | 9.74% | 9.82%▲0.1 | 9.99%▲0.2 | 9.55%▼0.4 | 8.7%▼0.9 | 8.12%▼0.6 | 7.81%▼0.3 | 7.64%▼0.2 |
| DIIs | 21.26% | 20.91%▼0.4 | 20.7%▼0.2 | 20.11%▼0.6 | 21.82%▲1.7 | 22.45%▲0.6 | 22.83%▲0.4 | 22.86%▲0.0 |
| Public | 17.84% | 18.12%▲0.3 | 18.15%▲0.0 | 19.2%▲1.1 | 17.05%▼2.1 | 17%▼0.1 | 16.93%▼0.1 | 17.08%▲0.1 |
Financial Statements
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2 | 3 | 182 | 2 | 162 | 4 | 26 | 12 | 272 | 550 |
| Expenses | 45 | 56 | 225 | 53 | 189 | 59 | 82 | 66 | 272 | 621 |
| Operating Profit | -43 | -54 | -43 | -51 | -27 | -55 | -57 | -54 | 0 | -71 |
| OPM % | -2066% | -2105% | -24% | -2484% | -17% | -1495% | -223% | -449% | 0% | -13% |
| Net Profit | -29 | -6 | -24 | -1 | 48 | 28 | -34 | -25 | 101 | 30 |
| EPS ₹ | -1.35 | -0.28 | -1.11 | -0.03 | 2.24 | 1.31 | -1.59 | -1.15 | 4.73 | 1.39 |
AI Insights
Mar 2026 revenue at ₹860Cr, up 146.4% YoY. OPM at -21%.
Borrowings at ₹642Cr. Debt-to-equity ratio: 0.23x. Healthy balance sheet.
CWIP at ₹3Cr (11% of fixed assets). Moderate ongoing capital expenditure.
DIIs: 22.86% (+3.00pp change). FIIs: 7.64% (-3.81pp change). Promoters hold 52.41%.
ROCE declining from 20% (Mar 2015) to 3% (Mar 2026). Working capital days: 190.
PE 92.6x with 3.36% ROCE. Price is 127% above book value of ₹143. Dividend yield: 1.06%.
Recent Announcements
- Announcement under Regulation 30 (LODR)-Credit Rating 14 May - Ind-Ra assigned IND A1+ rating to ₹2,500 crore commercial paper and ₹1,000 crore proposed paper.
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 6 May - Mahindra Lifespaces launched Mahindra BeaconHill in South Mumbai on 6 May 2026; potential GDV ₹1,650 crore.
- Intimation Of Product Launch 6 May - Mahindra Lifespaces launches Mahindra BeaconHill, a ₹1,650 crore residential project in Mahalaxmi, South Mumbai, on 6 May 2026.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 30 Apr - Q4FY26 earnings call transcript: FY26 PAT rose to ₹298 crore; FY27 pre-sales guidance about ₹4,500-5,000 crore.
- Announcement under Regulation 30 (LODR)-Credit Rating 29 Apr - Crisil reaffirmed AA/Stable for ₹100 crore bank limits; withdrew A1+ rating for ₹300 crore commercial paper.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse