MarketFriction

Mahindra Lifespace Developers Ltd

NSE MAHLIFE · BSE 532313 · Residential, Commercial Projects
₹351.15 -2.54%
NSE close2026-10-01
52 week range286.80 - 427.05
Market cap₹7,703 Cr.
P/E24.8
Results 22-10 Price band 20% Delivery 37.5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales188214188816793218459670962
Expenses531216823055193648770429714868
Operating Profit-35-39-54-42-48-25-55-55-5230-4494
OPM %-196%-48%-379%-22%-627%-15%-597%-172%-299%6%-7%10%
Other Income88211955452814910711210713724
Interest003674242232
Depreciation344444667665
Profit before tax-3039593-14-587425112984111
Tax %-36%-28%-22%-314%0%336%2%-23%6%16%-7%23%
Net Profit-19507113-14-228551481099086
EPS in Rs-0.892.353.360.60-0.66-1.053.992.402.255.104.224.01
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5937625665936111663946072123721,1782,108
Expenses5087125095676922604817173835421,3002,081
Operating Profit86505726-81-94-88-110-171-170-12128
OPM %14%7%10%4.4%-13%-56%-22%-18%-81%-46%-10%1.3%
Other Income92113123134-10034200239246277462380
Interest36204112811711719119
Depreciation45448771214182423
Profit before tax138139135143-196-78991065470306375
Tax %31%24%23%17%-1%-8%-63%3%-81%13%3%
Net Profit95106103119-195-711621039861298332
EPS in Rs4.344.834.775.65-9.13-3.387.274.774.612.8713.9715.58
Dividend Payout %27%24%30%26%0%0%20%35%42%71%25%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth7%48%25%876%
Compounded Profit Growth12%42%107%211%
Stock Price CAGR11%8%-11%2%
Return on Equity4%5%6%10%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital41414151515151155155155155213
Reserves1,4341,5891,6592,0081,8781,6501,5801,6341,6511,7181,7413,414
Borrowings1,2387846524592282372452862688771,439662
Other Liabilities8965965354818366036979631,5372,1993,0854,006
Total Liabilities3,6093,0102,8862,9982,9942,5422,5733,0373,6114,9496,4218,295
Fixed Assets354771009595989110337242627
CWIP8189101215355510
Investments2228167429266885485586229059149041,269
Other Assets3,0262,1162,0361,9672,2011,8831,9092,3082,6644,0065,4866,988
Total Assets3,6093,0102,8862,9982,9942,5422,5733,0373,6114,9496,4218,295
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity300-17470194168-63-68-52-148-661-542-545
Cash from Investing Activity42106141-1802888811012326214273-145
Cash from Financing Activity-336139-255-40-370-67-2012-27489416531
Net Cash Flow672-44-2585-422383-14942147-159
Free Cash Flow250-17758193164-66-71-53-162-677-556-563
CFO/OP101%-145%172%369%753%61%59%39%124%384%298%415%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days163936948568124857818413671
Inventory Days
Days Payable
Cash Conversion Cycle163936948568124857818413671
Working Capital Days7146965146305475691,9397243942,2381,237420
ROCE %17%7%7%7%6%-3%-3%1%2%2%2%8%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters51.19%51.18%51.17%51.16%51.15%51.15%51.14%52.43%52.42%52.41%52.41%52.41%
FIIs11.87%8.53%9.12%9.74%9.82%9.99%9.55%8.70%8.12%7.81%7.64%7.38%
DIIs20.18%23.18%22.24%21.26%20.91%20.70%20.11%21.82%22.45%22.83%22.86%22.77%
Public16.77%17.10%17.47%17.84%18.12%18.15%19.20%17.05%17.00%16.93%17.08%17.44%
No. of Shareholders91,84097,9671,06,6301,09,4711,11,0371,12,3861,15,8551,18,2041,20,8081,19,5601,17,6891,27,821

Fundamentals

Market Cap₹ 7,703 Cr.
Current Price₹ 361
Stock P/E24.8
Book Value₹ 170
ROCE7.64 %
ROE9.91 %
Dividend Yield0.97 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)876%
Compounded Profit Growth (TTM)211%
Consolidated figures.
Valuation
Market capRs 7,492 Cr
Enterprise valueRs 7,619 Cr
P/E (TTM)22.54x
Price to book2.07x
Price to sales3.55x
EV / EBITDA18.69x
EV / EBIT19.80x
EV / sales3.61x
Earnings yield4.44%
Dividend yield1.00%
P/E, 3-year average58.55x
P/B, 3-year average2.81x
P/E, 5-year average52.26x
P/B, 5-year average2.87x
Profitability
Operating margin (excl. other income)-10.30%
Operating margin (incl. other income)28.92%
EBITDA margin19.33%
Pre-tax margin17.81%
Net profit margin15.77%
Net margin, latest quarter8.89%
ROE10.80%
ROCE8.31%
ROA4.05%
ROE, 3-year average6.46%
ROCE, 3-year average4.61%
ROA, 3-year average2.48%
ROE, 5-year average6.81%
ROCE, 5-year average4.96%
ROA, 5-year average3.20%
ROIC (approx.)9.99%
Tax rate2.57%
Other income / net worth12.74%
Growth
Sales growth (latest year)216.52%
Profit growth (latest year)386.43%
Sales CAGR, 3 years24.77%
Sales CAGR, 5 years47.94%
Profit CAGR, 3 years43.25%
Sales growth QoQ43.68%
Profit growth QoQ-5.08%
Sales growth YoY (latest quarter)2909.48%
Profit growth YoY (latest quarter)66.92%
Per share
EPS (TTM)Rs 15.58
EPS (latest year)Rs 13.97
EPS (latest quarter)Rs 4.01
EPS, 3-year averageRs 8.09
EPS, 5-year averageRs 8.16
Book value per shareRs 170.00
Sales per shareRs 98.83
Cash flow per shareRs -25.54
Free cash flow per shareRs -26.39
Dividend per share (latest year)Rs 3.50
Dividend per share, 3-year averageRs 2.98
Dividend per share, 5-year averageRs 2.65
Dividends
Dividend payout25.05%
Dividend payout, 3-year average45.91%
Dividend payout, 5-year average38.56%
Efficiency
Asset turnover0.14x
Fixed asset turnover43.04x
Inventory turnover0.20x
Inventory days1784 days
Debtor days71 days
Debtors turnover5.17x
Cash conversion cycle71 days
Working capital days420 days
Leverage
Total debtRs 662 Cr
Cash and bankRs 535 Cr
Net debtRs 128 Cr
Debt to equity0.18x
Net debt / EBITDA0.31x
Interest coverage41.11x
Current ratio (filing 2026-03-31)1.43x
Quick ratio (filing 2026-03-31)0.31x
Trade payables (filing 2026-03-31)Rs 484 Cr
Owners' fund to total sources43.72%
Debt to assets7.98%
Cash flow
Cash from Operating Activity (latest year)Rs -545 Cr
Cash from Investing Activity (latest year)Rs -145 Cr
Cash from Financing Activity (latest year)Rs 531 Cr
Net Cash Flow (latest year)Rs -159 Cr
Free cash flow (latest year)Rs -563 Cr
FCFE (approx.: FCF + change in debt)Rs -1,340 Cr
Cash from ops / profit, 5 years-2.70x
Statement figures
Net sales (TTM)Rs 2,108 Cr
Net sales (latest year)Rs 1,178 Cr
Sales (latest quarter)Rs 962 Cr
Operating profit excl. other income (latest year)Rs -121 Cr
Operating profit (latest quarter)Rs 94 Cr
Other income (TTM)Rs 380 Cr
EBITDA (TTM)Rs 408 Cr
PBDT (TTM)Rs 398 Cr
Profit before tax (TTM)Rs 375 Cr
Tax (latest year)Rs 8 Cr
Net profit (TTM)Rs 332 Cr
Net profit (latest year)Rs 298 Cr
Net profit (latest quarter)Rs 86 Cr
Depreciation (TTM)Rs 23 Cr
Depreciation (latest quarter)Rs 5 Cr
Interest (TTM)Rs 9 Cr
Cost of goods sold (latest year)Rs 1,059 Cr
Total expenditure (latest year)Rs 1,300 Cr
Total income (latest year)Rs 1,640 Cr
Share capitalRs 213 Cr
ReservesRs 3,414 Cr
Shareholders' fundsRs 3,627 Cr
Total assetsRs 8,295 Cr
Net blockRs 27 Cr
Capital work in progressRs 10 Cr
InvestmentsRs 1,269 Cr
ReceivablesRs 228 Cr
InventoryRs 5,175 Cr
Other liabilitiesRs 4,006 Cr
Shares outstanding (crore)21.33
Ownership
Promoter holding52.41% (-0.02 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 22.5 is at the 8th percentile of its own 7.4-year range (median 39.4, low 10.6, high 152.7).
P/B 2.07 is at the 37th percentile (median 3.31).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodMAHLIFENifty 50Difference
1 week-0.8%-2.8% +2.0 pts
1 month-1.6%-6.8% +5.2 pts
3 months-5.1%-7.6% +2.5 pts
6 months+19.3%+0.4% +18.9 pts
1 year-5.9%-9.9% +4.0 pts
2 years-35.5%-13.6% -22.0 pts
3 years-36.2%+14.2% -50.3 pts
5 years+28.3%+27.9% +0.4 pts
26 mutual fund schemes hold about ₹1,643 Cr. Over three months 8 bought more and 7 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
SBI ELSS Tax Saver Fund1.03%328 +5%
Kotak Small Cap Fund1.09%215 -0%
ICICI Pru ELSS-Tax Saver Fund1.14%163 +4%
Axis Small Cap Fund0.50%156 +30%
SBI Multi Asset Allocation Fund(A0.75%156 +10%
Bandhan ELSS-Tax Saver Fund1.40%98 +4%
Bandhan Small Cap Fund0.27%92 -13%
ICICI Pru Aggressive Hybrid Fund(A0.16%85 -17%
Kotak Balanced Advantage Fund0.43%76 +5%
Kotak Large Cap Fund0.30%33 +4%
Kotak Infra & Eco Reform Fund1.25%31 +3%
Kotak Infra & Eco Reform Fund1.25%30 +3%
Kotak Pioneer Fund0.70%30 -5%
ICICI Pru Housing Opp Fund1.01%27 +2%
SBI Infrastructure Fund0.54%26 +6%
Bandhan Multi Cap Fund0.83%26 +3%
LIC MF Infra Fund2.03%24 +2%
LIC MF Manufacturing Fund1.57%12 +5%
Helios Small Cap Fund0.79%11 +5%
Bandhan Multi Asset Allocation Fund0.24%9 -2%
LIC MF Focused Fund2.42%4 -5%
LIC MF Focused Fund2.42%4 -5%
LIC MF Value Fund0.96%3 -49%
LIC MF Value Fund0.96%3 -49%
Motilal Oswal BSE 1000 Index Fund0.02%0 +5%

Red flags

F-score 6 of 8
explainWeak cash conversion Cash from operations was -382% of net profit over the last 3 years
explainHigh accruals Profit exceeded operating cash by 10% of total assets in 2026
lookProfit leans on other income Other income was 151% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹962 Cr +2906.2% vs Jun 2025. Net profit ₹86 Cr +68.6%.

Activity

Compare
CompanyMcap (Cr)P/EROCE
DLF Ltd161,63837.66.32 %
Lodha Developers Ltd110,59226.816.4 %
Phoenix Mills Ltd68,99653.212.4 %
Oberoi Realty Ltd64,09924.217.3 %
Prestige Estates Projects Ltd61,05653.610.4 %
Godrej Properties Ltd49,23230.47.63 %
Anant Raj Ltd21,67537.512.1 %
Brigade Enterprises Ltd18,37027.010.5 %
Horizon Industrial Parks Ltd14,7093.18 %
Sobha Ltd13,00856.46.86 %
Aditya Birla Real Estate Ltd12,963-4.48 %
SignatureGlobal India Ltd10,6142.38 %
Sri Lotus Developers & Realty Ltd10,46640.721.2 %
Max Estates Ltd9,3121,5861.40 %
Embassy Developments Ltd7,833-2.44 %
No bulk or block deals on record.
Ex-dateActionFactor
2026-07-03Dividend - Rs 3.50 Per Share
2025-07-18Dividend - Rs 2.80 Per Sh
2025-05-23Rights 3:8 @ Premium Rs 247/-
2024-07-12Dividend - Rs 2.65 Per Share
2023-07-19Annual General Meeting/Dividend - Rs 2.30 Per Share
2022-07-19Dividend - Rs 2 Per Share
2021-09-14 Bonus 2:10.3333
2019-07-18 Annual General Meeting/ Dividend - Rs 6 Per Share
2018-07-19 Annual General Meeting/Dividend Rs 6/- Per Share
2017-07-13 Annual General Meeting/ Dividend - Rs 6/- Per Share
2017-03-30 Rights 1:4 @ Premium Rs 282/-
2016-07-20 Annual General Meeting/ Final Dividend - Rs 6/- Per Share
2015-07-22Annual General Meeting/Dividend Rs 6/- Per Share
2014-09-25Interim Dividend Rs.6/- Per Share
2014-07-30Annual General Meeting And Dividend Rs.6/-Per Share
2013-07-11Annual General Meeting / Dividend Rs.6/- Per Equity Share
2012-07-12Annual General Meeting And Dividend Rs.6/- Per Share
2011-07-12Annual General Meeting And Dividend Rs.5/- Per Share
2010-07-15Agm/Div-Rs.3.50 Per Share
2009-07-15Agm/Dividend - 25%
2008-07-17Dividend - 25%
2007-09-06Agm/Dividend-15% Purpose Revised
2006-07-06Agm/Dividend-10%
DateTypeWhat it says
2026-10-01Product launchProduct launch
2026-10-01AllotmentAllotment of 32685 securities pursuant to ESOP/ESPS
2026-09-30Press ReleaseA press release dated September 30, 2026, titled "Mahindra Lifespaces adds Rs 1,500 crore GDV in MMR".
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03