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Macrotech Developers Ltd

(LODHA)

₹1288.40.39%

as on 04:01PM, 18 Sep 2024

Overview
News
Financials
Q1 2024 Results
Technicals

Analyst Rating

based on 17 analysts

BUY

61.11%

Buy

16.67%

Hold

22.22%

Sell

Based on 17 analysts offering long term price targets for Macrotech Developers Ltd. An average target of ₹1353.76

Source: S&P Global Market Intelligence

Macrotech Developers Ltd Share analysis

Macrotech Developers Ltd price forecast by 17 analysts

Upside of5.48%

High

₹1873

Target

₹1353.76

Low

₹880

Macrotech Developers Ltd target price ₹1353.76, a slight upside of 5.48% compared to current price of ₹1288.4. According to 17 analysts rating.

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹1,276.55
    ₹1,306.9
  • 52 Week's Low

    52 Week's High

    ₹701.7
    ₹1,649.95
1 Month Return-0.35 %
3 Month Return-19.39 %
1 Year Return+ 65.3 %
Previous Close₹1,283.40
Open₹1,290.00
Volume6.45L
Upper Circuit-
Lower Circuit-
Market Cap₹1,27,725.68Cr

Key Statistics

P/E Ratio67.8
PEG Ratio4.54
Market Cap₹1,27,725.68 Cr
P/B Ratio6.81
EPS15.63
Dividend Yield0.2
SectorConstruction
ROE8.11

Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
BUY₹1,27,725.68 Cr90.34%0.67₹1,554 Cr₹10,316 Cr
HOLD₹65,961.08 Cr49.24%0.58₹1,926 Cr₹4,495 Cr
HOLD₹62,430.24 Cr75.99%0.57₹1,326 Cr₹3,977 Cr
HOLD₹79,418.63 Cr41.55%0.75₹747 Cr₹3,035 Cr
BUY₹82,588.21 Cr109.84%0.72₹1,628 Cr₹7,877 Cr

Company Information

Macrotech Developers Limited (formerly Lodha Developers) is a renowned real estate developer company in India, which was established in 1980s. Headquartered in Mumbai, it develops residential and commercial properties across cities in India (Mumbai, Thane, Hyderabad, Pune) and London. Notable projects included are Lodha Altamount The World Towers, Trump Tower Mumbai and others, and a smart city Palava. It has developed more than 90 completed projects comprising of 80 million square feet of developable area, more than 55 ongoing projects at 75 million square feet, and many premium and luxury housing projects. It also developed logistics and industrial parks near Mumbai, following partnerships with reputed investors such as Morgan Stanley, and with Donald Trump for development of Trump Tower Mumbai. In 2021, Tata Power partnered with Macrotech to measure EV charging stations in housing societies and offices. In 2021, Macrotech Developers Limited initiated its Initial Public Offering (IPO), with 51440328 equity shares having face value at Rs. 10, getting listed on BSE & NSE. In financial year 202122, it launched 24 projects at 14.4 million square feet under capital light JDA route, with 11 projects in micromarkets of MMR and Pune. It has 29 consolidating subsidiaries, 18 joint ventures and 2 associates.

Share Price: ₹1288.40 per share as on 18 Sep, 2024 04:01 PM
Market Capitalisation: ₹1,27,725.68Cr as of today
Revenue: ₹2,846.50Cr as on June 2024 (Q2 24)
Net Profit: ₹475.90Cr as on June 2024 (Q2 24)
Listing date: 19 Apr, 2021
Chairperson Name: M M Chitale
OrganisationMacrotech Developers Ltd
HeadquartersMumbai
IndustryConstruction
E-voting on sharesClick here to vote

Key events for Macrotech Developers Ltd

  • Macrotech Developers Acquires Stake in Digital Infrastructure - 19 Sep, 2024

    Macrotech Developers has signed Securities Purchase Agreements to acquire shareholdings in three Digital Infrastructure Platform entities for Rs 239.56 crore, increasing its stakes significantly.

  • Macrotech Developers Shares Rise on Buy Rating - 17 Sep, 2024

    Macrotech Developers' shares increased by 3.6% after Nomura initiated coverage with a buy rating, citing strong earnings visibility and growth potential, particularly from the Palava project. However, concerns about a potential slowdown in India's residential market and infrastructure delays remain.

  • Nomura's Buy Rating Boosts Macrotech Developers Stock - 16 Sep, 2024

    Macrotech Developers Ltd. gained attention as Nomura initiated coverage with a Buy rating and a target price of ₹1,600, predicting strong growth and upside potential. The stock surged 5% on increased trading volume, reflecting positive market sentiment and solid earnings visibility.

  • Macrotech Developers Appoints New IT President - 13 Sep, 2024

    Macrotech Developers Limited's Board has approved the appointment of Mr. Umacharan Singh as President-Information Technology, enhancing its senior management team.

  • Trump Brand Expands to Mumbai with Macrotech - 02 Sep, 2024

    The Trump brand has expanded to Mumbai by partnering with Macrotech Developers to create Trump Tower Mumbai, a luxury residential skyscraper in India's financial capital.

  • Macrotech Developers Acquires Opexefi and One Box - 29 Aug, 2024

    Macrotech Developers Ltd has acquired a 100% stake in Opexefi Services and One Box Warehouse for nearly Rs 100 crore, enhancing its industrial and warehousing park development strategy.

  • Macrotech Developers Acquires 100% Stake in Two Companies - 28 Aug, 2024

    Macrotech Developers Ltd plans to acquire 100% stakes in Opexefi Services and One Box Warehouse for ₹95.7 crore. The acquisitions align with its strategy to expand in logistics and digital infrastructure. Both companies have not reported any operations in the past three years. The deals are expected to complete within 45 days.

  • Macrotech Developers Reports Q1FY25 Financials - 26 Aug, 2024

    Macrotech Developers Ltd. reported a consolidated total income of Rs 2918.30 crore for Q1FY25, down 28.54% from the previous quarter, but up 74.56% year-over-year. The company also reported a net profit of Rs 476.30 crore. JM Financial maintains a buy rating with a target price of Rs 1480.

  • Macrotech Developers Reports Profit Surge Amid Stock Decline - 23 Aug, 2024

    Macrotech Developers Ltd announced a significant 2.7-fold increase in net profit to Rs 475.3 crore for the June quarter. However, the stock has declined 14.28% over the past month, with shares trading down 1.7% today to Rs 1201.

  • Macrotech Developers Plans Major Property Launches - 22 Aug, 2024

    Macrotech Developers aims to launch properties worth Rs 11,980 crore by March 2025, following a 20% growth in sale bookings in Q1 FY25. The company has launched projects worth Rs 3,000 crore in the June quarter and anticipates continued strong demand in the Mumbai Metropolitan Region and Pune.

Insights on Macrotech Developers Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 23.79% to 24.18% in Jun 2024 quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 0.47% to 0.52% in Jun 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Prestige Estates Projects Ltd has given 384.3% return, outperforming this stock by 223.1%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Prestige Estates Projects Ltd has given 212.4% return, outperforming this stock by 147.1%

  • imgNO EFFECT

    Retail Holding Unchanged

    img

    Retail Investor holdings remained unchanged at 0.73% of holdings in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 2 quarters, 4.08K Cr → 2.91K Cr (in ₹), with an average decrease of 28.5% per quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 3 months, LODHA stock has moved down by -19.4%

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 72.16% to 72.13% in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 665.5 Cr → 475.3 Cr (in ₹), with an average decrease of 28.6% per quarter

Company Financials

Value in ₹ crore
DetailsQ'2 23Q'3 23Q'4 23Q'1 24Q'2 24
Revenue₹1,617.40Cr (-)₹1,749.60Cr (↑8.17%)₹2,930.60Cr (↑67.50%)₹4,018.50Cr (↑37.12%)₹2,846.50Cr (↓29.17%)
Net Income₹179.20Cr (-)₹202.80Cr (↑13.17%)₹505.20Cr (↑149.11%)₹667.00Cr (↑32.03%)₹475.90Cr (↓28.65%)
Net Profit Margin11.08% (-)11.59% (↑4.60%)17.24% (↑48.75%)16.60% (↓3.71%)16.72% (↑0.72%)
Value in ₹ crore
Details2021202220232024
Total Assets₹32,518.85Cr (-)₹37,917.60Cr (↑16.60%)₹40,858.30Cr (↑7.76%)₹47,924.70Cr (↑17.29%)
Total Liabilities₹28,364.89Cr (-)₹25,741.50Cr (↓9.25%)₹28,286.60Cr (↑9.89%)₹30,931.10Cr (↑9.35%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹2,000.33Cr (-)₹3,456.03Cr (↑72.77%)₹1,960.60Cr (↓43.27%)₹1,633.40Cr (↓16.69%)₹1,779.80Cr (↑8.96%)

Index Inclusions

S&P BSE Realty

₹8,308.68

-0.22 (-18.72%)

Nifty Alpha 50

₹60,352.60

0.08 (50.15%)

S&P BSE 100 LargeCap TMC

₹9,501.48

-0.27 (-25.32%)

Nifty Midcap 100

₹59,752.85

-0.71 (-427.9%)

Nifty LargeMidcap 250

₹16,673.25

-0.45 (-74.8%)

BSE Mid-Cap

₹48,857.07

-0.71 (-349.75%)

Nifty 200

₹14,380.45

-0.28 (-40.1%)

Nifty Realty

₹1,063.75

-0.23 (-2.45%)

BSE 500

₹37,668.29

-0.37 (-138.15%)

S&P BSE AllCap

₹11,026.27

-0.37 (-41.39%)

Nifty Midcap 150

₹22,079.90

-0.7 (-155.45%)

BSE 200

₹11,731.01

-0.34 (-40.29%)

Nifty MidSmallcap 400

₹20,837.05

-0.57 (-119.45%)

S&P BSE 250 LargeMidCap

₹11,133.40

-0.36 (-40.47%)

Nifty 500

₹23,898.65

-0.3 (-71.25%)

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
72.13%
-0.05
Foreign Institutions
24.18%
1.63
Mutual Funds
0.52%
10.88
Retail Investors
0.73%
-0.59
Others
2.45%
-14.04

Key Indicators

Details202220232024
Earning Per Share (₹)12.555.0815.63
Details20202021202220232024
Return On Equity %21.18.5114.666.98.11
Details20202021202220232024
Return On Assets %2.080.123.171.193.23
Details202220232024
Book Value Per Share (₹)121.2126.92171.22

Macrotech Developers Ltd Valuation

Macrotech Developers Ltd in the last 5 years

  • Overview

  • Trends

Lowest (27.05x)

October 25, 2021

Industry (-207.26x)

September 17, 2024

Today (67.80x)

September 17, 2024

Highest (350.92x)

June 15, 2021

LowHigh

Earnings and Dividends

  • Macrotech Developers Ltd Earnings Results

    Macrotech Developers Ltd’s net profit jumped 166.42% since last year same period to ₹475.30Cr in the Q1 2024-2025. On a quarterly growth basis, Macrotech Developers Ltd has generated -28.58% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • Macrotech Developers Ltd Dividends April,2024

    In the quarter ending March 2024, Macrotech Developers Ltd has declared dividend of ₹2.25 - translating a dividend yield of 0.18%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bullish

Macrotech Developers Ltd is currently in a Bullish trading position according to technical analysis indicators.

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Macrotech Developers Ltd (LODHA) share price today is ₹1288.4

Macrotech Developers Ltd is listed on NSE

Macrotech Developers Ltd is listed on BSE

  • Today’s highest price of Macrotech Developers Ltd is ₹1306.9.
  • Today’s lowest price of Macrotech Developers Ltd is ₹1276.55.

PE Ratio of Macrotech Developers Ltd is 67.8

PE ratio = Macrotech Developers Ltd Market price per share / Macrotech Developers Ltd Earnings per share

Today’s traded volume of Macrotech Developers Ltd(LODHA) is 6.45L.

Today’s market capitalisation of Macrotech Developers Ltd(LODHA) is ₹127725.68Cr.

Macrotech Developers Ltd(LODHAPrice
52 Week High
₹1649.95
52 Week Low
₹701.7

Macrotech Developers Ltd(LODHA) share price is ₹1288.4. It is down -21.91% from its 52 Week High price of ₹1649.95

Macrotech Developers Ltd(LODHA) share price is ₹1288.4. It is up 83.61% from its 52 Week Low price of ₹701.7

Macrotech Developers Ltd(LODHAReturns
1 Day Returns
5%
1 Month Returns
-0.35%
3 Month Returns
-19.39%
1 Year Returns
65.3%