Market Cap ₹113641 Cr.
Stock P/E 72.1
P/B 6.7
Current Price ₹1142.6
Book Value ₹ 171.2
Face Value 10
52W High ₹1309
Dividend Yield 0.2%
52W Low ₹ 473.2
Macrotech Developers Limited, through its subsidiaries, engages in the construction and development of residential and business real estate properties in India and the UK. Its residential portfolio consists of affordable, mid-income, and premium and luxury housing tasks; and industrial portfolio incorporates office and retail projects. The organization additionally develops business and logistics parks. It develops and markets its low cost and mid-profits housing projects under the CASA via Lodha and Crown, Lodha Quality Homes brands; premium and luxury initiatives beneath the Lodha and Lodha Luxury brands; and workplace spaces under the iThink, Lodha Excelus, Lodha Supremus, and Lodha Signet brands. The corporation has about 50 ongoing and planned tasks protecting a place of approximately 75 million square feet. It is also concerned within the project and facility control, advertising and sales, and assist activities. The organisation was previously called Lodha Developers Limited and changed its name to Macrotech Developers Limited in May 2019. Macrotech Developers Limited was based in 1980 and is centered in Mumbai, India.
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 2059 | 3445 | 2676 | 1765 | 1774 | 3255 | 1617 | 1750 | 2931 | 4019 |
| Other Income | 96 | 37 | 0 | -4 | 129 | 16 | 54 | 6 | 28 | 65 |
| Total Income | 2156 | 3482 | 2676 | 1761 | 1902 | 3272 | 1672 | 1755 | 2959 | 4084 |
| Total Expenditure | 1581 | 2539 | 2209 | 1342 | 1370 | 2484 | 1287 | 1334 | 2048 | 2972 |
| Operating Profit | 575 | 943 | 467 | 420 | 532 | 788 | 384 | 422 | 911 | 1112 |
| Interest | 157 | 122 | 119 | 125 | 118 | 117 | 124 | 123 | 117 | 116 |
| Depreciation | 19 | 19 | 20 | 22 | 22 | 30 | 24 | 29 | 33 | 117 |
| Exceptional Income / Expenses | 0 | 0 | 0 | -1177 | 0 | 0 | 0 | 0 | -105 | 0 |
| Profit Before Tax | 399 | 802 | 328 | -904 | 393 | 641 | 236 | 269 | 656 | 879 |
| Provision for Tax | 113 | 264 | 56 | 27 | -12 | -108 | 56 | 62 | 144 | 212 |
| Profit After Tax | 286 | 538 | 272 | -931 | 405 | 749 | 181 | 207 | 512 | 668 |
| Adjustments | -0 | -3 | -1 | -2 | -0 | -5 | -2 | -5 | -9 | -2 |
| Profit After Adjustments | 286 | 535 | 271 | -933 | 405 | 744 | 178 | 202 | 503 | 666 |
| Adjusted Earnings Per Share | 3 | 5.6 | 2.8 | -9.7 | 4.2 | 7.7 | 1.9 | 2.1 | 5.2 | 6.7 |
| #(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 3510 | 4711 | 6236 | 8249 | 7926 | 9677 | 11907 | 12443 | 5449 | 9233 | 9470 | 10317 |
| Other Income | 142 | 143 | 422 | 512 | 600 | 288 | 72 | 10367 | 567 | 1379 | -139 | 153 |
| Total Income | 3651 | 4854 | 6658 | 8761 | 8526 | 9965 | 11979 | 22809 | 6016 | 10612 | 9332 | 10470 |
| Total Expenditure | 2766 | 3791 | 4766 | 6091 | 6313 | 7998 | 8741 | 20774 | 4310 | 8134 | 7122 | 7641 |
| Operating Profit | 885 | 1062 | 1892 | 2670 | 2213 | 1967 | 3238 | 2035 | 1706 | 2478 | 2210 | 2829 |
| Interest | 386 | 289 | 492 | 988 | 736 | 390 | 566 | 740 | 1136 | 688 | 482 | 480 |
| Depreciation | 31 | 47 | 128 | 450 | 460 | 395 | 180 | 292 | 73 | 75 | 93 | 203 |
| Exceptional Income / Expenses | 22 | -0 | 0 | 1 | 0 | 0 | 0 | 0 | -463 | 0 | -1177 | -105 |
| Profit Before Tax | 490 | 725 | 1269 | 1198 | 1001 | 1182 | 2492 | 1003 | 33 | 1717 | 453 | 2040 |
| Provision for Tax | 107 | 293 | 471 | 495 | 417 | 388 | 845 | 261 | -15 | 508 | -37 | 474 |
| Profit After Tax | 383 | 432 | 798 | 703 | 584 | 794 | 1647 | 742 | 48 | 1209 | 490 | 1568 |
| Adjustments | -12 | 3 | -31 | -31 | -28 | -22 | -8 | -14 | -8 | -6 | -3 | -18 |
| Profit After Adjustments | 371 | 435 | 767 | 672 | 556 | 773 | 1639 | 728 | 40 | 1202 | 487 | 1549 |
| Adjusted Earnings Per Share | 4.9 | 5.7 | 10.1 | 8.9 | 7 | 9.8 | 20.7 | 9.2 | 0.5 | 12.5 | 5.1 | 15.9 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 3% | -9% | -0% | 10% |
| Operating Profit CAGR | -11% | 3% | 2% | 10% |
| PAT CAGR | -59% | -13% | -9% | 2% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 127% | 52% | NA% | NA% |
| ROE Average | 4% | 7% | 16% | 20% |
| ROCE Average | 4% | 7% | 8% | 9% |
| #(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 1937 | 2372 | 3294 | 3973 | 4033 | 5152 | 3844 | 4552 | 4599 | 12105 | 12663 |
| Minority's Interest | 218 | 210 | 135 | 166 | 134 | 43 | 535 | 519 | 527 | 57 | 60 |
| Borrowings | 912 | 798 | 1840 | 1921 | 1467 | 2494 | 514 | 2134 | 4268 | 2716 | 2257 |
| Other Non-Current Liabilities | 3496 | 3144 | 657 | 784 | 634 | 743 | -75 | 330 | 230 | 502 | 74 |
| Total Current Liabilities | 12656 | 16353 | 21972 | 24137 | 27663 | 31820 | 44702 | 33063 | 29475 | 23025 | 23859 |
| Total Liabilities | 19219 | 22878 | 27898 | 30981 | 33931 | 40251 | 49519 | 40599 | 39098 | 38405 | 38912 |
| Fixed Assets | 968 | 1075 | 2270 | 1883 | 1544 | 1998 | 1922 | 1733 | 1946 | 1658 | 1674 |
| Other Non-Current Assets | 572 | 1670 | 2031 | 3209 | 3955 | 641 | 908 | 5378 | 4316 | 2984 | 1488 |
| Total Current Assets | 17679 | 20132 | 23597 | 25888 | 28431 | 37612 | 46689 | 33488 | 32836 | 33763 | 35750 |
| Total Assets | 19219 | 22878 | 27898 | 30981 | 33931 | 40251 | 49519 | 40599 | 39098 | 38405 | 38912 |
| #(Fig in Cr.) | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 74 | 36 | 444 | 336 | 199 | 186 | 255 | 353 | 119 | 228 | 477 |
| Cash Flow from Operating Activities | -1791 | 268 | -776 | 387 | 1469 | 696 | -465 | 3772 | 2524 | 1998 | 2750 |
| Cash Flow from Investing Activities | -876 | -650 | -685 | -854 | -1174 | -655 | -184 | 212 | 420 | 1139 | 1778 |
| Cash Flow from Financing Activities | 2629 | 353 | 1354 | 330 | -312 | 24 | 738 | -4188 | -2835 | -2888 | -3706 |
| Net Cash Inflow / Outflow | -39 | -29 | -108 | -137 | -16 | 65 | 88 | -205 | 109 | 250 | 822 |
| Closing Cash & Cash Equivalent | 36 | 7 | 336 | 199 | 184 | 255 | 353 | 119 | 228 | 477 | 1311 |
| # | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 4.9 | 5.75 | 10.14 | 8.88 | 7.02 | 9.76 | 20.7 | 9.19 | 0.51 | 12.49 | 5.05 |
| CEPS(Rs) | 5.47 | 6.34 | 12.24 | 15.23 | 13.19 | 15.02 | 23.08 | 13.06 | 1.53 | 13.33 | 6.04 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 |
| Book NAV/Share(Rs) | 25.47 | 31.21 | 36.92 | 45.89 | 50.94 | 59.64 | 43.12 | 52.06 | 52.65 | 120.79 | 125.82 |
| Core EBITDA Margin(%) | 21.18 | 19.51 | 23.57 | 26.15 | 20.36 | 17.35 | 26.59 | -66.96 | 20.9 | 11.9 | 24.8 |
| EBIT Margin(%) | 24.96 | 21.54 | 28.25 | 26.5 | 21.92 | 16.25 | 25.68 | 14.01 | 21.47 | 26.04 | 9.87 |
| Pre Tax Margin(%) | 13.95 | 15.4 | 20.36 | 14.52 | 12.63 | 12.21 | 20.93 | 8.06 | 0.61 | 18.59 | 4.78 |
| PAT Margin (%) | 10.9 | 9.17 | 12.8 | 8.52 | 7.37 | 8.21 | 13.83 | 5.96 | 0.88 | 13.09 | 5.17 |
| Cash Profit Margin (%) | 11.79 | 10.18 | 14.85 | 13.97 | 13.17 | 12.29 | 15.35 | 8.31 | 2.23 | 13.9 | 6.15 |
| ROA(%) | 3.25 | 2.05 | 3.14 | 2.39 | 1.8 | 2.14 | 3.67 | 1.65 | 0.12 | 3.12 | 1.27 |
| ROE(%) | 34.88 | 20.15 | 30.95 | 22.43 | 15.56 | 18.14 | 40.48 | 19.68 | 1.16 | 15.3 | 4.12 |
| ROCE(%) | 14.12 | 9.99 | 13.41 | 13.26 | 9.14 | 6.61 | 10.84 | 6.75 | 5.21 | 10.55 | 4.2 |
| Receivable days | 35.92 | 44.13 | 48.86 | 38.78 | 29.67 | 25.7 | 19.05 | 18.75 | 48.53 | 25.69 | 26.68 |
| Inventory Days | 870.95 | 1200.55 | 1046.87 | 889.27 | 995.37 | 1011.63 | 1118.07 | 1034.69 | 1920.34 | 1100.14 | 1107.58 |
| Payable days | -38.09 | -1926.58 | 218.04 | 191.33 | 214.34 | -242.93 | -310.42 | 60.19 | 932.81 | 561.06 | -221.08 |
| PER(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 45.06 | 92.12 |
| Price/Book(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4.66 | 3.7 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.21 |
| EV/Net Sales(x) | 1.91 | 1.77 | 1.93 | 1.71 | 2.02 | 2.32 | 2.13 | 1.5 | 3.34 | 6.98 | 5.5 |
| EV/Core EBITDA(x) | 7.56 | 7.85 | 6.36 | 5.3 | 7.24 | 11.43 | 7.84 | 9.16 | 10.68 | 26.02 | 23.56 |
| Net Sales Growth(%) | 269.28 | 34.22 | 32.37 | 32.28 | -3.91 | 22.09 | 23.04 | 4.5 | -56.21 | 69.46 | 2.57 |
| EBIT Growth(%) | 512.5 | 15.84 | 73.58 | 24.08 | -20.5 | -9.51 | 94.46 | -43 | -32.89 | 105.57 | -61.13 |
| PAT Growth(%) | 297.52 | 12.98 | 84.66 | -11.93 | -16.9 | 35.96 | 107.38 | -54.97 | -93.54 | 2423.49 | -59.5 |
| EPS Growth(%) | 392.37 | 17.39 | 76.43 | -12.42 | -20.96 | 39 | 112.14 | -55.6 | -94.48 | 2361.75 | -59.55 |
| Debt/Equity(x) | 3.74 | 3.69 | 3.6 | 3.48 | 4.01 | 4.79 | 7.51 | 4.47 | 4.36 | 0.99 | 0.75 |
| Current Ratio(x) | 1.4 | 1.23 | 1.07 | 1.07 | 1.03 | 1.18 | 1.04 | 1.01 | 1.11 | 1.47 | 1.5 |
| Quick Ratio(x) | 0.26 | 0.22 | 0.2 | 0.2 | 0.22 | 0.19 | 0.12 | 0.13 | 0.15 | 0.28 | 0.24 |
| Interest Cover(x) | 2.27 | 3.51 | 3.58 | 2.21 | 2.36 | 4.03 | 5.4 | 2.36 | 1.03 | 3.5 | 1.94 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.21 | 0.2 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 82.22 | 82.22 | 82.2 | 82.2 | 75 | 74.99 | 74.96 | 74.93 | 74.92 | 72.16 |
| FII | 15.27 | 14.91 | 14.54 | 13.93 | 19.42 | 18.98 | 19.83 | 20.52 | 21.09 | 23.79 |
| DII | 1.19 | 1.44 | 1.85 | 2.54 | 3.48 | 3.67 | 3.81 | 3.5 | 3.2 | 3.32 |
| Public | 1.33 | 1.43 | 1.4 | 1.33 | 2.1 | 2.35 | 1.4 | 1.05 | 0.78 | 0.73 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 39.59 | 39.59 | 39.59 | 39.59 | 36.13 | 36.13 | 72.26 | 72.26 | 72.26 | 71.76 |
| FII | 7.35 | 7.18 | 7 | 6.71 | 9.35 | 9.14 | 19.11 | 19.79 | 20.34 | 23.66 |
| DII | 0.57 | 0.69 | 0.89 | 1.22 | 1.68 | 1.77 | 3.67 | 3.38 | 3.09 | 3.3 |
| Public | 0.64 | 0.69 | 0.68 | 0.64 | 1.01 | 1.13 | 1.35 | 1.01 | 0.75 | 0.73 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 48.15 | 48.15 | 48.16 | 48.16 | 48.17 | 48.18 | 96.4 | 96.44 | 96.45 | 99.45 |
Pros
Cons
* 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.
| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
|---|
| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
|---|
| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
|---|
| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
|---|
| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
|---|
You May Also Know About
