Mahindra Lifespace Developers Limited
NSE: MAHLIFEResidential, Commercial Projects
Share price
₹349.10
+2.05% close of 9 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
54
out of 100 · worked out 9 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹7,436 Cr
P/E ratio
23.9
P/B ratio
2.1
ROCE
7.6%
ROE
9.9%
Dividend yield
1.0%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Our sales figures for this company step up at Dec 2025 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.
Whether it grew faster than its sector
Our sales figures for this company step up at Dec 2025 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.
Room to re-rate, or risk of de-rating
At 23.9× earnings against a market that pays 24.1× across 2199 companies we can price. Its own industry sits at 37.3×, across 5 companies. It is against its own five-year median of 77.0×, the 1st percentile of its own range.
Whether growth justifies the valuation
Priced at 0.2 times its growth rate, on earnings growth of 107%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Mahindra Lifespace Developers Limited — this one | 107%/yr | 23.9× | — |
| DLF Limited | 27%/yr | 37.3× | ₹1.4 |
| Lodha Developers Limited | 56%/yr | 25.8× | ₹0.46 |
| The Phoenix Mills Limited | 12%/yr | 50.3× | ₹4.2 |
| Oberoi Realty | 9%/yr | 23.4× | ₹2.6 |
| Prestige Estates Projects | 18%/yr | 53.2× | ₹3.0 |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Residential, Commercial Projects), it ranks 36 of 86 on returns, 56 of 80 on growth, 70 of 86 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
No durable advantage shows in the numbers: it earns 7.6% on capital, ahead of 58% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
No — Over the last five years the business itself consumed ₹1948 crore of cash before any plant spend, funded from lenders and shareholders. And the profit is not backed by cash: it reported a profit over 12 years and consumed cash from the business. Its cash comes back faster than it used to: it went from being waiting 569 days for its cash to waiting 420 days for its cash.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
5 of 10 checks clear · 50%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Announced 23 Jul 2026 · Consolidated · Unaudited
Revenue
₹962 Cr
Net profit
₹86 Cr
EPS
₹4.01
Earnings call transcript · 24 Jul 2026
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹7,436 Cr
- Prev close
- ₹349.10
- 52w High
- ₹427
- 52w Low
- ₹287
- Enterprise value
- ₹7,475 Cr
- Beta
- 0.9
- Price CAGR 1y
- -2.0%
- Price CAGR 3y
- -10.0%
- Price CAGR 5y
- 7.0%
- Price CAGR 10y
- 11.0%
Ratios
- Return on assets
- 3.6%
- PEG ratio
- 0.2
- P/E ratio
- 23.9
- P/B ratio
- 2.1
- EV / EBITDA
- 267.0
- Industry P/E
- 23.0
- ROCE
- 7.6%
- ROCE 5y average
- 3.0%
- ROE
- 9.9%
- Debt / Equity
- 0.2
- Interest coverage
- 28.8
- Dividend yield
- 1.0%
- ROE 3y average
- 6.0%
- ROE last year
- 10.0%
Annual P&L
- Annual revenue
- ₹1,178 Cr
- Annual profit
- ₹298 Cr
- Operating margin
- -10.0%
- Net profit margin
- 25.3%
- EBITDA margin
- -10.3%
- Sales growth 3y
- 24.7%
- Sales growth 5y
- 48.0%
- Profit growth 3y
- 107.0%
- Profit growth 5y
- 42.0%
- EPS
- ₹14.0
- Sales growth TTM
- 876.0%
- Profit growth TTM
- 211.0%
- Dividend payout
- 25.0%
Quarter P&L
- Sales latest quarter
- ₹962 Cr
- Profit latest quarter
- ₹86 Cr
- YoY quarterly sales growth
- 2909.5%
- YoY quarterly profit growth
- 68.6%
- OPM latest quarter
- 9.8%
Balance Sheet
- Book Value
- ₹170
- Face Value
- ₹10.0
- Total debt
- ₹662 Cr
- Total cash
- ₹535 Cr
- Borrowings
- ₹662 Cr
- Reserves / Equity
- 16.0
Cash Flow
- Operating cash flow
- -₹545 Cr
- Free cash flow
- -₹563 Cr
- FCF yield
- -7.7%
- Net cash flow
- -₹159 Cr
Shareholding
- Promoter holding
- 52.4%
- FII holding
- 7.4%
- DII holding
- 22.8%
- Public holding
- 17.4%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| DLF | 643.95 | 37.0 | 1,59,398 | 1.23 | 793.9 | 4.1 | 1,280.3 | -52.9 | 6.3 |
| Lodha Developers | 1,091.70 | 26.4 | 1,09,103 | 0.39 | 1,373.1 | 103.4 | 4,996.7 | 43.1 | 16.4 |
| Phoenix Mills | 1,808.95 | 49.9 | 64,702 | 0.14 | 394.5 | 23.3 | 1,074.9 | 12.8 | 12.4 |
| Oberoi Realty | 1,712.20 | 23.5 | 62,256 | 0.47 | 543.5 | 29.0 | 1,300.9 | 31.7 | 17.3 |
| Prestige Estates | 1,408.80 | 53.3 | 60,681 | 0.14 | 271.4 | -19.4 | 2,675.1 | 15.9 | 10.4 |
| Godrej Propert. | 1,554.70 | 28.9 | 46,832 | 0.64 | 349.4 | -41.7 | 506.2 | 16.5 | 7.6 |
| Anant Raj | 610.80 | 38.0 | 21,981 | 0.16 | 149.2 | 18.9 | 631.4 | 6.6 | 12.1 |
| Mahindra Life. | 350.85 | 24.1 | 7,487 | 1.00 | 85.6 | 66.9 | 962.1 | 2909.5 | 7.6 |
| Median | 134.39 | 24.0 | 819 | 0.00 | 8.4 | 26.1 | 82.2 | 12.8 | 7.6 |
Competes with: Anant Raj Limited, Brigade Enterprises Limited, DLF Limited, Godrej Properties, Lodha Developers Limited, Oberoi Realty, Prestige Estates Projects, The Phoenix Mills Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 98 | 18 | 82 | 14 | 188 | 7.61 | 167 | 9.24 | 32 | 18 | 459 | 670 | 962 |
| Expenses | 141 | 53 | 121 | 68 | 230 | 55 | 193 | 64 | 87 | 70 | 429 | 714 | 868 |
| Material Cost | 594 | 406 | 275 | 841 | 673 | 897 | |||||||
| Change in Inventories | -595 | -378 | -260 | -482 | -67 | -132 | |||||||
| Purchases of Stock-in-Trade | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Employee Cost | 26 | 28 | 30 | 32 | 37 | 34 | |||||||
| Other Expenses | 40 | 31 | 25 | 39 | 71 | 69 | |||||||
| Operating Profit | -43 | -35 | -39 | -54 | -42 | -48 | -25 | -55 | -55 | -52 | 30 | -44 | 94 |
| OPM % | -44 | -196 | -48 | -379 | -22 | -627 | -15 | -597 | -172 | -299 | 6.49 | -6.55 | 9.82 |
| Other Income | 37 | 8 | 82 | 119 | 55 | 45 | 28 | 149 | 107 | 112 | 107 | 137 | 24 |
| Exceptional items (within Other Income) | 0 | 0 | 0 | 26 | 0 | 0 | |||||||
| Interest | 4 | 0 | 0 | 3 | 6 | 7 | 4 | 2 | 4 | 2 | 2 | 3 | 2 |
| Depreciation | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 6 | 6 | 7 | 6 | 6 | 5 |
| Profit before tax | -14 | -30 | 39 | 59 | 3 | -14 | -5 | 87 | 42 | 51 | 129 | 84 | 111 |
| Tax % | -69 | -36 | -28 | -22 | -314 | 0 | 336 | 2 | -23 | 6 | 16 | -7 | 23 |
| Net Profit | -4 | -19 | 50 | 71 | 13 | -14 | -22 | 85 | 51 | 48 | 109 | 90 | 86 |
| EPS in Rs | -0.20 | -0.89 | 2.35 | 3.36 | 0.60 | -0.66 | -1.05 | 3.99 | 2.40 | 2.25 | 5.10 | 4.22 | 4.01 |
| Diluted EPS in Rs | 5.48 | 2.93 | 2.46 | 5.42 | 4.41 | 4 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,086 | 593 | 762 | 566 | 593 | 611 | 166 | 394 | 607 | 212 | 372 | 1,178 | 2,108 |
| Expenses | 662 | 508 | 712 | 509 | 567 | 692 | 260 | 481 | 717 | 383 | 542 | 1,300 | 2,081 |
| Material Cost | 1,365 | 2,195 | |||||||||||
| Change in Inventories | -1,065 | -1,188 | |||||||||||
| Purchases of Stock-in-Trade | 0 | 0 | |||||||||||
| Employee Cost | 112 | 127 | |||||||||||
| Other Expenses | 131 | 166 | |||||||||||
| Operating Profit | 424 | 86 | 50 | 57 | 26 | -81 | -94 | -88 | -110 | -171 | -170 | -121 | 28 |
| OPM % | 39 | 14 | 7 | 10 | 4.40 | -13 | -56 | -22 | -18 | -81 | -46 | -10 | 1.30 |
| Other Income | 61 | 92 | 113 | 123 | 134 | -100 | 34 | 200 | 239 | 246 | 277 | 462 | 380 |
| Exceptional items (within Other Income) | 0 | 26 | |||||||||||
| Interest | 51 | 36 | 20 | 41 | 12 | 8 | 11 | 7 | 11 | 7 | 19 | 11 | 9 |
| Depreciation | 13 | 4 | 5 | 4 | 4 | 8 | 7 | 7 | 12 | 14 | 18 | 24 | 23 |
| Profit before tax | 421 | 138 | 139 | 135 | 143 | -196 | -78 | 99 | 106 | 54 | 71 | 306 | 375 |
| Tax % | 33 | 31 | 24 | 23 | 17 | -1 | -8 | -63 | 3 | -81 | 13 | 3 | |
| Net Profit | 283 | 95 | 106 | 103 | 119 | -195 | -71 | 162 | 103 | 98 | 61 | 298 | 332 |
| EPS in Rs | 13 | 4.34 | 4.83 | 4.77 | 5.65 | -9.13 | -3.38 | 7.27 | 4.77 | 4.61 | 2.87 | 14 | 16 |
| Diluted EPS in Rs | 3.95 | 15 | |||||||||||
| Dividend Payout % | 18 | 27 | 24 | 30 | 26 | 0 | 0 | 20 | 35 | 42 | 71 | 25 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- 7%
- 5 years
- 48%
- 3 years
- 25%
- TTM
- 876%
Compounded profit growth
- 10 years
- 12%
- 5 years
- 42%
- 3 years
- 107%
- TTM
- 211%
Stock price CAGR
- 10 years
- 11%
- 5 years
- 7%
- 3 years
- -10%
- 1 year
- -2%
Return on equity
- 10 years
- 4%
- 5 years
- 5%
- 3 years
- 6%
- Last year
- 10%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 41 | 41 | 41 | 51 | 51 | 51 | 51 | 155 | 155 | 155 | 155 | 213 |
| Reserves | 1,434 | 1,589 | 1,659 | 2,008 | 1,878 | 1,650 | 1,580 | 1,634 | 1,651 | 1,718 | 1,741 | 3,414 |
| Borrowings | 1,238 | 784 | 652 | 459 | 228 | 237 | 245 | 286 | 268 | 877 | 1,439 | 662 |
| Other Liabilities | 896 | 596 | 535 | 481 | 836 | 603 | 697 | 963 | 1,537 | 2,199 | 3,085 | 4,006 |
| Minority Interest | 0.17 | 0.11 | ||||||||||
| Total Liabilities | 3,609 | 3,010 | 2,886 | 2,998 | 2,994 | 2,542 | 2,573 | 3,037 | 3,611 | 4,949 | 6,421 | 8,295 |
| Fixed Assets | 354 | 77 | 100 | 95 | 95 | 98 | 91 | 103 | 37 | 24 | 26 | 27 |
| CWIP | 8 | 1 | 8 | 9 | 10 | 12 | 15 | 3 | 5 | 5 | 5 | 10 |
| Investments | 222 | 816 | 742 | 926 | 688 | 548 | 558 | 622 | 905 | 914 | 904 | 1,269 |
| Other Assets | 3,026 | 2,116 | 2,036 | 1,967 | 2,201 | 1,883 | 1,909 | 2,308 | 2,664 | 4,006 | 5,486 | 6,988 |
| Total Assets | 3,609 | 3,010 | 2,886 | 2,998 | 2,994 | 2,542 | 2,573 | 3,037 | 3,611 | 4,949 | 6,421 | 8,295 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 300 | -174 | 70 | 194 | 168 | -63 | -68 | -52 | -148 | -661 | -542 | -545 |
| Cash from Investing Activity | 42 | 106 | 141 | -180 | 288 | 88 | 110 | 123 | 26 | 214 | 273 | -145 |
| Cash from Financing Activity | -336 | 139 | -255 | -40 | -370 | -67 | -20 | 12 | -27 | 489 | 416 | 531 |
| Net Cash Flow | 6 | 72 | -44 | -25 | 85 | -42 | 23 | 83 | -149 | 42 | 147 | -159 |
| Free Cash Flow | 250 | -177 | 58 | 193 | 164 | -66 | -71 | -53 | -162 | -677 | -556 | -563 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 16 | 39 | 36 | 94 | 85 | 68 | 124 | 85 | 78 | 184 | 136 | 71 |
| Cash Conversion Cycle | 16 | 39 | 36 | 94 | 85 | 68 | 124 | 85 | 78 | 184 | 136 | 71 |
| Working Capital Days | 714 | 696 | 514 | 630 | 547 | 569 | 1,939 | 724 | 394 | 2,238 | 1,237 | 420 |
| ROCE % | 17 | 7 | 7 | 7 | 6 | -3 | -3 | 1 | 2 | 2 | 2 | 8 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash
38.93inr_cr
2026-03-31
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
FY revenue / permanent employees + workers, same basis (calc)
1,54,18,848inr
2026-03-31
News
News and filings about Mahindra Lifespace Developers Limited. Open one to see why it matters.
1 Oct, 20:30 IST · Company event · low impact
Mahindra Lifespace Developers Limited has launched a product
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
Uses as raw material
- Cement / ready-mix concrete
- Paints (low/zero VOC)
- Sand and aggregates
- Structural steel / TMT
Depends on the price of
- cement
- steel
Sells to
- BASF India Limited · Industrial land & infrastructure at Mahindra World City Chennai
- FORCE MOTORS LTD · Industrial land & infrastructure at Mahindra World City Chennai
- Infosys · Industrial land & infrastructure at Mahindra World City
- Mahindra & Mahindra · Industrial land & infrastructure at Mahindra World City Jaipur
- Timken India Limited · Industrial land & infrastructure at Mahindra World City Chennai
- Wipro · Industrial land & infrastructure at Mahindra World City
Buys from
- Beardsell Limited · building insulation / prefab construction panels — List of Customers logo wall (Mahendra-L…
- MAHINDRA INTEGRATED BUSINESS SOLUTIONS PRIVATE LIMITED
- Vertoz Limited · real-estate vertical digital advertising (live client logo wall)
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Realty
- Industry
- Residential, Commercial Projects
- Classification
- Realty › Residential, Commercial Projects
- ISIN
- INE813A01018
Plants
- Mahindra World City, Chennai · Chengalpattu, Tamil Nadu
- Mahindra World City, Jaipur · Jaipur, Rajasthan
- Origins by Mahindra, Ahmedabad · Surendranagar / Ahmedabad-Rajkot NH-47 corridor, Gujarat
- Origins by Mahindra, Chennai · Chennai / near Ponneri-Kavarapettai, Tamil Nadu
News impact
Big market events that reach Mahindra Lifespace Developers Limited, and how the effect spreads.
No recent market events reach this company.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Dividends
| 3 Jul 2026 | unspecified | ₹3.5 |
|---|---|---|
| 18 Jul 2025 | unspecified | ₹2.8 |
| 12 Jul 2024 | unspecified | ₹2.65 |
| 19 Jul 2023 | unspecified | ₹2.3 |
| 19 Jul 2022 | unspecified | ₹2 |
| 14 Sep 2021 | bonus | ₹0 |
| 18 Jul 2019 | unspecified | ₹6 |
| 19 Jul 2018 | unspecified | ₹6 |
Splits, bonuses & buybacks
- daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Earnings call · Q1FY2724 Jul 2026
- Results presentation30 Jun 2026
- Annual report · 2025-2630 Jun 2026
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.