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Macrotech Developers Ltd

LODHA

Macrotech Developers Ltd

LODHA
Real EstateReal Estate
LargecapWith a market cap of ₹1,24,912 cr, stock is ranked 70
High RiskStock is 3.17x as volatile as Nifty
1,296.300.52% (+6.75)
1,296.300.52% (+6.75)

Price Chart

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1D
1W
1M
1Y
5Y
Max
SIP
Real EstateReal Estate
LargecapWith a market cap of ₹1,24,912 cr, stock is ranked 70
High RiskStock is 3.17x as volatile as Nifty

How to use scorecard? Learn more

Real EstateReal Estate
LargecapWith a market cap of ₹1,24,912 cr, stock is ranked 70
High RiskStock is 3.17x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
60.437.120.18%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
64.164.270.70%

Forecast & Ratings

Detailed Forecast 
78%
Analysts have suggested that investors can buy this stock

from 18 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Macrotech Developers is engaged in developing real estate across the residential and commercial sectors in the Mumbai, Pune and London.

Investor Presentation

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Oct 25, 2024

PDF
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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Lower than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of -2.66%, vs industry avg of 3.72%

Decreasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 17.74% to 11.57%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of -1.09%, vs industry avg of 14.37%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue8,761.578,510.439,965.2011,978.8712,561.145,771.659,526.209,611.2010,469.5012,645.50
Raw Materialssubtract0.000.000.000.000.000.000.000.000.009,143.60
Power & Fuel Costsubtract3.924.0912.214.873.810.891.6015.7017.90
Employee Costsubtract674.38701.62837.68389.90390.45286.35354.40423.90471.20
Selling & Administrative Expensessubtract454.00444.73721.58697.80537.25319.84508.80747.60758.60
Operating & Other expensessubtract4,993.805,162.426,426.487,635.459,594.503,921.556,182.207,396.706,508.60
Depreciation/Amortizationsubtract449.85460.08395.05194.45292.4073.4274.8092.80203.90277.50
Interest & Other Itemssubtract987.67736.40390.25567.52739.711,136.44687.90482.00481.70486.30
Taxes & Other Itemssubtract495.15417.05387.90852.73275.47-7.00514.10-34.20478.50671.10
EPS2.321.892.515.172.300.135.825.0515.8220.79
DPS0.000.000.000.000.000.000.001.002.252.25
Payout ratio0.000.000.000.000.000.000.000.200.140.11

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

Apr 26PDF
Jan 25PDF
Oct 21PDF
Jul 30PDF
FY 2023

Annual report

PDF

Investor Presentation

Apr 22PDF
Jan 24PDF
Nov 1PDF
Jul 25PDF
FY 2024

Annual report

PDF

Investor Presentation

Jul 27PDF
FY 2025

Annual Report Pending

Investor Presentation

Oct 25PDF
 

Peers & Comparison

Comparing 3 stocks from 
Real EstateReal Estate

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Macrotech Developers Ltd80.647.120.18%
DLF Ltd74.705.170.61%
Godrej Properties Ltd106.447.49
Oberoi Realty Ltd37.885.270.20%

Price Comparison

Compare LODHA with any stock or ETF
Compare LODHA with any stock or ETF
LODHA
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding72.11%0.53%2.25%24.20%0.91%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep19.83%20.52%21.09%23.79%24.18%24.20%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding Macrotech Developers Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Mirae Asset Large Cap Fund - Growth - Direct Plan

Growth
0.2094%0.67%0.25%60/89 (+10)
Nippon India ELSS Tax Saver Fund - Growth - Direct Plan

Growth
0.0869%0.69%-0.45%56/68 (-9)
HDFC Large and Mid Cap Fund - Growth - Direct Plan

Growth
0.0290%0.15%-0.02%152/208 (-72)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No dividend trend available

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateAug 16, 2024

Final
Final | Div/Share: ₹2.25

Dividend/Share

2.25

Ex DateEx Date

Aug 16, 2024

Cash Dividend

Ex DateEx DateSep 8, 2023

Final
Final | Div/Share: ₹1.00

Dividend/Share

1.00

Ex DateEx Date

Sep 8, 2023

News & Opinions
Spotlight
Macrotech Developers acquires 100% stake Janus Logistics and Industrial Parks

Janus Logistics and Industrial Parks (JLIPPL) engaged in the business of construction and development of warehousing and logistics assets. The total turnover for last 3 years is NIL as JLIPPL has no business operations. The acquisition is in pursuance of the company's planned strategy for calibrated growth in Digital Infrastructure viz industrial and logistics under the LILP (Lodha Industrial and Logistics Park) brand. The company has acquired 100% equity stake in JLIPPL from Phoenix Logistics and Industrial Parks. Macrotech Developers (Lodha Group) is among the largest real estate developer in India that delivers with scale since 1980s. Core business of Lodha Group is residential real estate development with a focus on affordable and mid-income housing. The company's consolidated net profit surged 109.46% to Rs 422.9 crore on 50.07% jump in revenue from operations to Rs 2,625.7 crore in Q2 FY25 over Q2 FY24. The scrip fell 1.66% to close at Rs 1,253.45 on Friday, 29 November 2024.Powered by Capital Market - Live

3 days agoCapital Market - Live
Spotlight
Macrotech Developers gains on acquiring Bain Capital stake in logistics parks for Rs 307 cr

Macrotech Developers, a leading real estate firm, sells properties under Lodha brand. The company informed that it has executed Securities Purchase Agreements ('SPAs') with India Opportunities Fund SSA Scheme 1 and DSS Opportunities Investment 1 ('Bain Capital') for acquisition of their interest in the Digital Infrastructure Platform entities (viz. Bellissimo Digital Infrastructure Development Management Private Limited, Palava Induslogic 4 Private Limited and Bellissimo In City FC Mumbai 1 Private Limited), in entirety at a consideration of Rs 307 crore Bain Capital had a 30% stake in Bellissimo Digital Infrastructure Development Management and a 33.33% stake each in the other two entities. This is in line with the company's objective of gradually growing its annuity income. This is in pursuance of our planned strategy for calibrated growth in our annuity income through digital infrastructure viz. industrial and logistics under the LILP (Lodha Industrial and Logistics Park) brand, the company said. In September 2024, Macrotech Developers acquired the interest of Ivanhoe Warehousing India Inc (Ivanhoe) in the digital infrastructure platform entities. Macrotech Developers (Lodha Group) is among the largest real estate developer in India that delivers with scale since 1980s. Core business of Lodha Group is residential real estate development with a focus on affordable and mid-income housing. Its consolidated net profit surged 109.46% to Rs 422.9 crore on 50.07% jump in revenue from operations to Rs 2,625.7 crore in Q2 FY25 over Q2 FY24. Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Spotlight
Macrotech Developers Ltd Spikes 1.68%

Macrotech Developers Ltd rose 1.68% today to trade at Rs 1238.05. The BSE Realty index is up 0.65% to quote at 7952.89. The index is down 1.13 % over last one month. Among the other constituents of the index, Phoenix Mills Ltd increased 1.5% and Oberoi Realty Ltd added 1.13% on the day. The BSE Realty index went up 53.7 % over last one year compared to the 23.55% surge in benchmark SENSEX. Macrotech Developers Ltd has added 6.04% over last one month compared to 1.13% fall in BSE Realty index and 1.66% drop in the SENSEX. On the BSE, 2911 shares were traded in the counter so far compared with average daily volumes of 38882 shares in the past one month. The stock hit a record high of Rs 1648 on 18 Jun 2024. The stock hit a 52-week low of Rs 822.5 on 07 Nov 2023.Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
Macrotech Developers to acquire balance stake in three digital infra platform entities

Macrotech Developers has executed Securities Purchase Agreements (SPAs) with India Opportunities Fund SSA Scheme 1 and DSS Opportunities Investment 1 (Bain Capital) for acquisition of their interest in the Digital Infrastructure Platform entities (viz. Bellissimo Digital Infrastructure Development Management , Palava Induslogic 4 and Bellissimo In City FC Mumbai 1 ), in entirety at a consideration of Rs 307 crore, subject to fulfilment of certain closing conditions. This is in pursuance of our planned strategy for calibrated growth in our annuity income through Digital Infrastructure viz. Industrial and Logistics under the LILP (Lodha Industrial and Logistics Park) brand, the company said. Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
Macrotech Developers allots Equity shares

Macrotech Developers has allotted 78,328 equity shares of Rs.10/- each on October 29, 2024, pursuant to the Macrotech Developers Limited - Employee Stock Option Scheme 2021 ' II.Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Macrotech Developers PAT zooms YoY to Rs 423 crore in Q2 FY25

The realtor reported pre-sales of Rs 4,290 crore in second quarter of FY25, recording a growth of 21% on a YoY basis. Collections grew by 11% YoY at Rs 3,070 crore during the quarter. The company stated that it reported best ever quarterly pre-sales performance of Rs 4,290 crore despite the inauspicious 'Shradhh' period falling in September this FY (vs October in FY24). The firm sold land for Data Centre at Palava to a global data center major at Rs 120 million per acre, making the emergence of Palava as key data center hub. It also added four more projects in Pune and Bengaluru during the quarter with total GDV of Ra 5,500 crore. Profit before tax stood at Rs 559.9 crore in September 2024 quarter, registering a growth of 111.12% on YoY basis. Total expenses spiked 42.95% YoY to Rs 2,124.1 crore during the quarter. Cost of projects stood at Rs 1,572 crore (up 57.36% YoY) and employee benefits expense came in at Rs 140.3 (up 21.68% YoY). Adjusted EBITDA jumped 36.73% to Rs 1,340 crore in the March quarter as against Rs 980 crore recorded in Q4 FY23. Adjusted EBITDA margin improved to 33% in Q4 FY24 as compared to 30% registered in the same period a year ago. For FY24, the real estate developer reported a consolidated net profit of Rs 1549.1 crore, steeply higher than Rs 486.7 crore reported in FY23. Revenue from operations grew 8.93% YoY to Rs 10316.1 crore in FY24. Abhishek Lodha, MD & CEO, Macrotech Developers, said, ''We achieved our best ever quarterly Pre-sales performance of INR 42.9bn in Q2FY25 which is a seasonally weak quarter due to Monsoons. Additionally, the quarter was impacted by the inauspicious 'Shraddh' period in September this year (vs. October in FY24) as well as excessive rains. Despite this disruption, we achieved our 3 nd consecutive quarter of INR 40bn+ Pre-sales showcasing the consistency and predictability in our business model. What was heartening to note is that these strong Pre-sales have come along side robust embedded EBITDA margins of 34% indicating a continued strong profitability in the underlying business. We have achieved INR 83bn of Pre-sales in H1FY25 and with the festive season well underway, we are on track to achieve our guidance of INR 175bn Pre-sales for FY25. Early signs of festive season suggest robust demand for quality branded housing on the back of strong affordability and consumer optimism. Intense competition among mortgage providers coupled with the expected downward trajectory for rate cycle in the 2HFY25 will provide further tailwind for the sector especially in the mid-income segment where we have a sizeable presence.' Macrotech Developers (Lodha Group) is among the largest real estate developer in India that delivers with scale since 1980s. Core business of Lodha Group is residential real estate development with a focus on affordable and mid-income housing. The scrip rose 1.53% to close at Rs 1,081.50 on Friday, 25 October 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live
Earnings
Macrotech Developers consolidated net profit rises 109.46% in the September 2024 quarter

Net profit of Macrotech Developers rose 109.46% to Rs 422.90 crore in the quarter ended September 2024 as against Rs 201.90 crore during the previous quarter ended September 2023. Sales rose 50.07% to Rs 2625.70 crore in the quarter ended September 2024 as against Rs 1749.60 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales2625.701749.60 50 OPM %26.8123.55 - PBDT626.40294.50 113 PBT559.90265.20 111 NP422.90201.90 109 Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Macrotech Developers to conduct board meeting

Macrotech Developers will hold a meeting of the Board of Directors of the Company on 25 October 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Macrotech Developers pre-sales jumps 21% YoY in Q2 FY25

The company's collections stood at Rs 3,070 crore in Q2 FY25, up 11% as compared with Rs 2,750 crore in Q2 FY24. The company added four projects in Pune and Bengaluru, having Rs 5,500 crore of GDV. Business development for the 1st half of the fiscal stands at Rs 1,660 crore, which is more than 75% of full year guidance of Rs 2,100 crore. Additionally, the company has acquired approximately 45 acres of land for its digital infrastructure (warehousing and industrial) business in Chennai, as well as entered into agreement to increase its stake in the rental income (PropCo) from Digital Infrastructure platform to 66.7% (from earlier around 33%). It continue to see further opportunities to scale Digital Infrastructure portfolio. Net debt is Rs 4,920 crore, well below the ceiling of 0.5x net debt/equity. Macrotech Developers (Lodha Group) is among the largest real estate developer in India that delivers with scale since 1980s. Core business of Lodha Group is residential real estate development with a focus on affordable and mid-income housing. The company's consolidated surged to Rs 475.90 crore in Q1 FY25 as compared with Rs 178.40 crore in Q1 FY24. Net sales jumped 76% YoY to Rs 2,84,650 crore in Q1 FY24. The counter fell 0.33% to end at Rs 1,171.85 on Friday, 4 October 2024. Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Macrotech Developers Ltd leads losers in 'A' group

Sterling & Wilson Renewable Energy Ltd, Kaveri Seed Company Ltd, Shoppers Stop Ltd and Newgen Software Technologies Ltd are among the other losers in the BSE's 'A' group today, 30 September 2024.Macrotech Developers Ltd crashed 5.18% to Rs 1232.55 at 14:48 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 17850 shares were traded on the counter so far as against the average daily volumes of 44757 shares in the past one month.Sterling & Wilson Renewable Energy Ltd lost 5.00% to Rs 617.15. The stock was the second biggest loser in 'A' group.On the BSE, 3.37 lakh shares were traded on the counter so far as against the average daily volumes of 2.76 lakh shares in the past one month.Kaveri Seed Company Ltd tumbled 4.97% to Rs 975.95. The stock was the third biggest loser in 'A' group.On the BSE, 8006 shares were traded on the counter so far as against the average daily volumes of 11815 shares in the past one month.Shoppers Stop Ltd fell 4.85% to Rs 792.85. The stock was the fourth biggest loser in 'A' group.On the BSE, 17702 shares were traded on the counter so far as against the average daily volumes of 10991 shares in the past one month.Newgen Software Technologies Ltd shed 4.79% to Rs 1350.9. The stock was the fifth biggest loser in 'A' group.On the BSE, 32235 shares were traded on the counter so far as against the average daily volumes of 32427 shares in the past one month.Powered by Capital Market - Live

2 months agoCapital Market - Live