1. Is Macrotech Developers Ltd a good quality company?
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Macrotech Developers Ltd is a below average quality company.
2. Is Macrotech Developers Ltd 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 Undervalued zone.
3. Is Macrotech Developers Ltd a good buy now?
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Macrotech Developers Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
Value Creation ⓘ
Value Creation Index Colour Code Guide ⓘ
|ROCE % ⓘ||8.1%||5.7%||10.7%||8%||5.2%||5.3%||8.3%||6.4%||4.4%||6.7%||-|
|Value Creation Index ⓘ||-0.3||-0.5||-0.1||-0.3||-0.5||-0.5||-0.4||-0.6||-0.7||-0.4||-|
Growth Parameters ⓘ
Growth Parameters Colour Code Guide ⓘ
|YoY Gr. Rt. %||-||1.5%||921.2%||45.7%||-13.7%||26.9%||27.9%||-14.7%||-27%||41.2%||-|
|Adj EPS ⓘ||0||0.1||27.3||32.4||16||12.5||31.4||19.7||8.1||24.2||22|
|YoY Gr. Rt. %||-||1300%||19385.7%||18.7%||-50.7%||-22%||152.1%||-37.3%||-58.7%||197.2%||-|
|BVPS (₹) ⓘ||31.3||30.9||101.8||139.7||169.8||116||80.6||98.7||104.2||243.5||246.3|
|Adj Net Profit ⓘ||0.7||2.9||590||700||361||493||1,244||780||322||1,163||1,059|
|Cash Flow from Ops. ⓘ||-593||-181||-861||657||1,920||835||948||2,000||3,818||2,150||-|
|Debt/CF from Ops. ⓘ||-4.8||-21.1||-11.7||17.3||6.5||19||17.9||8.5||4.1||5||-|
CAGR Colour Code Guide ⓘ
|9 Years||5 Years||3 Years||1 Years|
|Adj EPS ⓘ||137.6%||8.6%||-8.4%||197.2%|
Key Financial Parameters ⓘ
Performance Ratio Colour Code Guide ⓘ
|Return on Equity % ⓘ||0.2||0.4||34.9||22.5||9.8||11.1||28.8||19.6||7.2||13.9||9|
|Op. Profit Mgn % ⓘ||5.4||6.8||22.2||24.5||19.5||18||25.9||22.3||20.3||10.5||21.1|
|Net Profit Mgn % ⓘ||0.2||0.6||12.6||10.3||6.2||6.6||13.1||9.6||5.4||13.9||11.9|
|Debt to Equity ⓘ||4.2||5.6||3.7||3.2||3.3||3.5||5.3||4.3||3.8||0.9||-|
|Working Cap Days ⓘ||2,024||2,444||901||1,126||1,448||1,269||1,142||1,437||1,965||1,450||0|
|Cash Conv. Cycle ⓘ||395||756||579||756||928||894||805||1,126||1,513||1,075||0|
Debt to equity has declined versus last 3 years average to 0.92
Sales growth is good in last 4 quarters at 71.33%
Return on Equity has declined versus last 3 years average to 9.00%
Sales growth has been subdued in last 3 years -4.20%
Net Profit has been subdued in last 3 years -8.38%
|TTM EPS (₹)||22||27.3|
|TTM Sales (₹ Cr.)||8,914||10,304|
|BVPS (₹.) ⓘ||246.3||247.2|
|Reserves (₹ Cr.) ⓘ||11,380||11,423|
|From the Market|
|52 Week Low / High (₹)||814.85 / 1538.65|
|All Time Low / High (₹)||421.15 / 1538.65|
|Market Cap (₹ Cr.)||49,792|
|Equity (₹ Cr.)||481.6|
|Face Value (₹)||10|
|Industry PE ⓘ||41.6|
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
Major events and milestones