Is Macrotech Developers a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Macrotech Developers Ltd is a average quality company .

Is Macrotech Developers undervalued or overvalued?

The key valuation ratios of Macrotech Developers Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone .

What is Macrotech Developers share price return in the past 10 years?

Data is not available for this company

Is Macrotech Developers a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Macrotech Developers Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Macrotech Developers Ltd - Stock Valuation and Financial Performance

Name: Macrotech Developers
Brand: Macrotech Developers

BSE: 543287 | NSE: LODHA | Construction - Real Estate | Large Cap

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Macrotech Developers Share Price

₹1,166.90 -50.30 -4.13%
as on 08-Nov'24 00:00

10 Year X-Ray of Macrotech Developers:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	15.7%	12.2%	7.4%	8.4%	12.5%	7%	5%	9.4%	4.2%	9%	-
Value Creation Index ⓘ	0.4	0.1	-0.3	-0.3	-0.1	-0.5	-0.7	-0.2	-0.6	-0.2	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	4,665	6,795	5,865	7,443	9,516	8,115	5,926	8,353	9,225	9,460	11,666
Sales YoY Gr.	-	45.7%	-13.7%	26.9%	27.9%	-14.7%	-27%	41%	10.4%	2.5%	-
Adj EPS ⓘ	7.8	9.3	4.6	6.2	15.7	9.9	4.1	12.1	13	12.8	17.1
YoY Gr.	-	18.7%	-50.7%	36.6%	152.2%	-37.3%	-58.8%	197.5%	7.8%	-1.6%	-
BVPS (₹) ⓘ	29.1	39.9	48.5	58	40.3	49.3	52.1	121.5	124.9	165	172.8
Adj Net Profit ⓘ	590	700	361	493	1,244	780	322	1,163	1,254	1,273	1,703
Cash Flow from Ops. ⓘ	-861	657	1,920	835	948	2,000	3,818	1,961	1,633	1,780	-
Debt/CF from Ops. ⓘ	-11.7	17.3	6.5	19	17.9	8.5	4.1	5.5	6.3	4.8	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	8.2%	-0.1%	16.9%	2.5%
Adj EPS ⓘ	5.7%	-4%	46.7%	-1.6%
BVPSⓘ	21.3%	32.6%	46.9%	32.1%
Share Price	-	-	23.5%	36.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	34.9	22.5	9.8	11.1	28.8	19.6	7.2	13.9	10.1	8.6	10.1
Op. Profit Mgn % ⓘ	22.2	24.5	19.5	18	25.9	22.3	20.3	10.5	21.4	7.3	26.2
Net Profit Mgn % ⓘ	12.6	10.3	6.2	6.6	13.1	9.6	5.4	13.9	13.6	13.5	14.6
Debt to Equity ⓘ	3.7	3.2	3.3	3.5	5.3	4.3	3.8	0.9	0.9	0.5	0
Working Cap Days ⓘ	901	1,126	1,448	1,269	1,142	1,437	1,965	1,452	1,391	1,499	666
Cash Conv. Cycle ⓘ	581	759	930	894	805	1,126	1,513	1,081	1,012	1,070	234

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 16.87%

Net Profit is growing at healthy rate in last 3 years 46.67%

Debt to equity has declined versus last 3 years average to 0.52

Sales growth is good in last 4 quarters at 56.45%

Return on Equity has declined versus last 3 years average to 10.10%

Latest Financials - Macrotech Developers Ltd.

	Standalone	Consolidated
TTM EPS (₹)	17.1	20.7
TTM Sales (₹ Cr.)	11,666	12,421
BVPS (₹.) ⓘ	172.8	178.1
Reserves (₹ Cr.) ⓘ	16,225	16,748
P/BV ⓘ	6.75	6.55
PE ⓘ	68.27	56.25

From the Market
52 Week Low / High (₹)	831.50 / 1648.00
All Time Low / High (₹)	210.57 / 1648.00
Market Cap (₹ Cr.)	1,16,279
Equity (₹ Cr.)	996.5
Face Value (₹)	10
Industry PE ⓘ	70

Management X-Ray of Macrotech Developers:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Macrotech Developers

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Price to Earnings

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Dividend History

Analyst's Notes

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Key Ratios of Macrotech Developers

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	4,665	6,795	5,865	7,443	9,516	8,115	5,926	8,353	9,225	9,460
Operating Expenses ⓘ	3,685	5,147	4,778	6,106	7,099	6,305	4,722	7,476	7,255	8,772
Manufacturing Costs	4,740	5,955	5,449	4,786	6,038	3,871	2,867	4,669	8,333	10,076
Material Costs	-1,623	-1,309	-1,272	559	232	1,762	1,270	890	-2,237	-4,165
Employee Cost	148	179	216	295	214	280	283	344	411	463
Other Costs ⓘ	420	322	385	466	616	392	303	1,572	747	2,399
Operating Profit ⓘ	980	1,648	1,087	1,337	2,416	1,809	1,204	878	1,970	687
Operating Profit Margin (%)	21.0%	24.3%	18.5%	18.0%	25.4%	22.3%	20.3%	10.5%	21.4%	7.3%
Other Income ⓘ	438	406	493	586	275	435	336	1,179	273	1,957
Interest ⓘ	479	571	640	697	676	786	855	402	529	545
Depreciation ⓘ	69	376	419	385	151	243	69	56	124	251
Exceptional Items ⓘ	0	0	0	0	0	-560	-460	0	-1,177	-264
Profit Before Tax ⓘ	870	1,107	521	841	1,864	655	156	1,599	413	1,584
Tax ⓘ	318	419	200	320	651	222	34	465	-43	420
Profit After Tax	552	688	321	521	1,212	433	122	1,134	456	1,164
PAT Margin (%)	11.8%	10.1%	5.5%	7.0%	12.7%	5.3%	2.1%	13.6%	4.9%	12.3%
Adjusted EPS (₹)	7.3	9.1	4.1	6.6	15.3	5.5	1.5	11.8	4.7	11.7
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	21%	19%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	2,700	3,520	3,842	5,021	3,621	4,337	4,554	12,137	12,466	16,849
Share Capital ⓘ	608	608	113	396	396	396	396	482	482	995
Reserves ⓘ	2,092	2,912	3,729	4,625	3,225	3,941	4,159	11,655	11,985	15,855
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	10,016	11,309	12,539	15,845	16,982	16,888	15,747	10,682	9,951	8,454
Long Term Debt	290	89	169	154	486	451	1,292	2,068	1,574	970
Short Term Debt	9,726	11,220	12,370	15,690	16,496	16,437	14,455	8,614	8,376	7,484
Trade Payables	1,319	1,739	2,011	1,562	1,669	1,673	1,306	1,389	2,271	2,758
Others Liabilities ⓘ	9,613	8,792	10,159	7,737	13,108	11,520	14,255	13,354	15,449	19,563
Total Liabilities ⓘ	23,648	25,361	28,551	30,165	35,379	34,418	35,862	37,562	40,137	47,625
Fixed Assets
Gross Block	1,352	1,563	1,672	2,806	2,876	2,898	3,061	3,148	3,364	2,778
Accumulated Depreciation	124	491	898	1,258	1,385	1,600	1,757	1,797	1,654	1,879
Net Fixed Assetsⓘ	1,228	1,072	773	1,548	1,491	1,297	1,304	1,351	1,710	898
CWIP ⓘ	83	289	100	6	6	6	6	0	0	0
Investmentsⓘ	1,918	1,679	2,587	925	982	1,058	1,682	612	380	2,385
Inventories	14,735	16,059	17,380	21,505	27,155	25,371	26,679	25,909	28,666	32,830
Trade Receivables	740	467	317	711	408	731	628	511	731	763
Cash Equivalents	330	192	203	174	263	116	256	1,021	1,700	2,500
Others Assetsⓘ	4,615	5,603	7,189	5,296	5,075	5,839	5,307	8,157	6,950	8,250
Total Assets ⓘ	23,648	25,361	28,551	30,165	35,379	34,418	35,862	37,562	40,137	47,625

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-861	657	1,920	835	948	2,000	3,818	1,961	1,633	1,780
PBT ⓘ	870	1,107	521	841	1,864	655	156	1,599	413	1,584
Adjustment ⓘ	1,114	1,531	1,727	2,097	2,279	2,602	2,456	1,630	2,578	880
Changes in Working Capital ⓘ	-2691	-1723	-39	-1702	-2973	-1203	1120	-1123	-1153	-663
Tax Paid ⓘ	-154	-259	-288	-401	-221	-53	87	-145	-204	-22
Cash Flow From Investing Activity ⓘ	945	-165	-1,472	330	276	-147	84	-1,624	1,684	-1,931
Capex	-137	-71	-42	-36	-80	-14	2	-44	-75	-152
Net Investments	391	162	-928	-473	-61	965	-44	215	684	-2,407
Others ⓘ	691	-256	-501	839	417	-1,098	125	-1,795	1,075	628
Cash Flow From Financing Activityⓘ	-206	-638	-449	-1,155	-1,145	-1,985	-3,808	-202	-2,377	667
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	6,345	10	3,274
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-1,265	-1,490	-1,643	-2,353	-2,283	-2,213	-2,009	-1,600	-1,148	-834
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	-96
Others ⓘ	1,059	852	1,193	1,199	1,139	228	-1,799	-4,948	-1,239	-1,676
Net Cash Flow ⓘ	-122	-146	-1	10	80	-131	94	134	941	516

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	38.53	26.38	9.35	12.35	31.16	12.2	3.04	14.32	3.84	8.18
ROCE (%)	15.67	12.17	7.43	8.35	12.5	7.03	4.97	9.42	4.19	8.96
Asset Turnover Ratio	0.32	0.28	0.22	0.25	0.29	0.23	0.17	0.23	0.24	0.22
PAT to CFO Conversion(x)	-1.56	0.95	5.98	1.6	0.78	4.62	31.3	1.73	3.58	1.53
Working Capital Days
Receivable Days	35	32	24	25	21	26	42	25	25	29
Inventory Days	618	827	1,040	953	933	1,181	1,603	1,149	1,080	1,186
Payable Days	-158	-426	-538	1,167	2,546	346	428	552	-299	-220

Macrotech Developers Ltd Stock News

Macrotech Developers Ltd FAQs

What is the share price of Macrotech Developers?

Company share prices are keep on changing according to the market conditions. The closing price of Macrotech Developers on 08-Nov-2024 00:00 is ₹1,166.9.

What is the market cap of Macrotech Developers?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 08-Nov-2024 00:00 the market cap of Macrotech Developers stood at ₹1,16,278.7.

What is the P/E ratio of Macrotech Developers?

The latest P/E ratio of Macrotech Developers as of 08-Nov-2024 00:00 is 68.27.

What is the P/B ratio of Macrotech Developers?

The latest P/B ratio of Macrotech Developers as of 08-Nov-2024 00:00 is 6.75.

What is the 52-week high and low of Macrotech Developers?

The 52-week high of Macrotech Developers is ₹1,648 and the 52-week low is ₹831.5.

What is the TTM revenue of Macrotech Developers?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Macrotech Developers is ₹11,666 ( Cr.) .

About Macrotech Developers Ltd

Macrotech Developers is one of the largest real estate developers in India, by residential Sales value for the financial years 2014 to 2020. Currently, it has residential projects in the MMR and Pune. In 2019, it forayed into the development of logistics and industrial parks and entered into a joint venture with ESR Mumbai 3 Pte. (ESR), a subsidiary of ESR Cayman, an Asia Pacific focused logistics real estate platform. It also develops commercial real estate, including as part of mixed-use developments in and around its core residential projects.

The company’s customer-centric business model focuses on designing and developing its ‘branded products’ to address consumer needs across locations and price points. Its core competency lies in professionally managing the real estate value chain as it has in-house capabilities to deliver a project from conceptualization to completion. It has a strong focus on de-risking projects and improving its return on investment with fast turnaround time from acquisition to launch to completion.

The company’s brands include “Lodha”, “CASA by Lodha” and “Crown - Lodha Quality Homes” for its affordable and mid-income housing projects, the “Lodha” and “Lodha Luxury” brands for its premium and luxury housing projects, and the “iThink”, “Lodha Excelus” and “Lodha Supremus” brands for its office spaces. Its inhouse sales team is supported by a distribution network of multiple channels across India as well as key non-resident Indian (NRI) markets, such as the Gulf Cooperation Council, United Kingdom, Singapore and the United States. The company’s large ongoing portfolio of affordable and mid-income housing projects include Palava (Navi Mumbai, Dombivali Region), Upper Thane (Thane outskirts), Amara (Thane), Lodha Sterling (Thane), Lodha Luxuria (Thane), Crown Thane (Thane), Bel Air (Jogeshwari), Lodha Belmondo (Pune), Lodha Splendora (Thane) and Casa Maxima (Mira Road).

Business area of the company

The company is primarily engaged in affordable residential real estate developments and in 2019, it entered into the development of logistics and industrial parks and also develop commercial real estate.

Awards and Accreditations

2014: The Global Leadership in Real Estate Award’ in the NDTV Property Awards.
2014: The Most Trusted Real Estate Brand in the Country’ by the Brand Trust Report.
2014: Ranked as one of India’s Best Companies to Work for, 2014’ by Great Places to Work.
2014: India’s Most Admired Builders’ by the Construction World Architect & Builder (CWAB).
2015: Special Recognition Award’ in the ET Best Realty Brands (BRB) Awards.
2015: Ranked as one of India’s Best Companies to Work for, 2015 by Great Places to Work.
2016 ‘Best Private Township’ in the BW Business World Smart Cities Awards.
2016: Certificate of recognition for ‘Iconic Upcoming Project- World One Worli’ as the Times Realty Icon 2016 by Optimal Media Solutions.
2017: Best ‘Social Media Integrated Campaign’ for the World Towers at the National Awards for Marketing Excellence by Times Network.
2017: Most Respected Real Estate Brand – India’ by 2017 Grohe Hurun.
2017: Scroll of Honour award for ‘Marketing Firm of the Year – India’ by CREDAI.
2018: Lodha Altamount recognised as one of the ‘Best Residential Project under Ultra-Luxury Segment’ in the West Zone of India by CNBC Awaaz Real Estate Awards 2017-18.
2019: Best Activation Campaign Store Launch for Lodha Xperia Mall by the Activation Venue Forum.
2020: Certificate of recognition for ‘Top Developer of the Year’ as the Times Real Estate Icons, West India 2020 by Optimal Media Solutions.

Major events and milestones

2005: Launched Lodha Paradise in Thane.
2006: Start of acquisition of land for Palava city.
2006: Macrotec Constructions Private Limited (our erstwhile Subsidiary) won the bid for Apollo Textile Mills in an auction from National Textile Corporation for Bellissimo, Primero & Excelus projects.
2008: Investment of Rs 16,400 million from Deutsche Bank in Cowtown Infotech Services Private Limited.
2008: Investment from ICICI Ventures in Lodha Elevation Buildcon Private Limited in respect of ‘iThink Thane’.
2010: Launch of Phase I of Palava City.
2011: Acquisition of Wadala land parcel through auction process conducted by Mumbai Metropolitan Region Development Authority.
2011: Launch of World One project in Lower Parel, Mumbai.
2012: Exit of Deutsche Bank from Cowtown Infotech Services Private Limited.
2012: Launch of New Cuffe Parade project in Wadala, Mumbai.
2013: Launch of South Mumbai’s largest landscape, ‘The Park’ in Worli.
2013: Acquisition of Washington House for Lodha Altamount project from the US Government.
2014: Expansion into UK with acquisition of two development sites in Central London, including Canadian High Commission.
2015: Successful closure of international bond offering of 12% $200 million due in 2020 by its Subsidiary, Lodha Developers International Limited.
2015: Launched Lodha Luxury collection for super high-end residential.
2015: Acquisition of 87 acre land from Clariant Chemicals in Thane.
2016: Launch of Amara in Thane.
2017: Exit of HDFC Venture Fund and Tramos Limited from Shreeniwas Cotton Mills Limited.
2017: Exit of ICICI Ventures (iThink Thane in Lodha Elevation Buildcon Private Limited).
2017: Launch of Lincoln Square project in London.
2018: Follow-on fund raising of $125 million on 12% USD Bonds due in 2020.
2018: Development finance tied up for both the London properties.
2018: Acquisition of five acres of land parcel in Jogeshwari.
2018: Launch of Seamont project in Walkeshwar, Mumbai.
2018: Launch of Upper Thane project in Thane.
2019: Joint Venture with ESR Mumbai 3 Pte. Limited for developing an industrial park at Palava.
2019: Sale of NCP commercial tower 1 for a total consideration of Rs 10,550 million through sale of shares of subsidiary company to Varde Group, Singapore.
2020: Repaid the bond of $325 million and raised the fresh bond of $225 million due 2023 by subsidiary, Lodha Developers International Limited.
2020: Launch of ‘Lodha Crown’ in Thane.
2021: Launch of ‘Lodha Villa Royale’ in Thane.