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Mahindra Lifespace Developers

MAHLIFE NSE
₹314.15 No trade today
P/E
20.16
View as Markdown
MCP
Close 4 Nov 2026 ₹314.15 −87.40 −21.8% 1Y
Start ₹401.55

Key Fundamentals

MicrocapRealtyConsumer Discretionary

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
7.64%
Debt to Equity
0.18
EPS (TTM)
₹15.58
Book Value
₹171.46
Market Cap
—
P/E (TTM)
20.16
P/B
1.83
ROE
9.91%
Dividend Yield
1.14%
EBITDA
−₹33.90 Cr
52W High
₹427.05
52W Low
₹286.80
Volume
0

Peer Comparison

Consumer Discretionary › Realty › Residential Commercial Projects › Residential, Commercial Projects

Mahindra Lifespace Developers peer comparison
DLF
₹720.0039.02₹1,76,861 Cr3.911.13%9.50%6.32%₹6,375 Cr₹4,567 Cr
Lodha Developers
₹1,122.0027.17₹1,09,477 Cr4.510.40%15.50%16.40%₹18,181 Cr₹4,129 Cr
Phoenix Mills
₹2,079.5058.10₹73,757 Cr8.170.12%11.00%12.40%₹4,545 Cr₹1,629 Cr
Prestige Estates Projects
₹1,580.0059.74₹67,457 Cr4.180.13%7.53%10.40%₹13,053 Cr₹1,265 Cr
Oberoi Realty
₹1,710.9023.64₹61,958 Cr3.260.24%14.60%17.30%₹6,214 Cr₹2,632 Cr
Godrej Properties
₹1,739.0032.73₹51,392 Cr2.710.60%8.82%7.63%₹5,203 Cr₹1,591 Cr
Brigade Enterprises
₹541.1025.40₹17,553 Cr2.470.38%10.50%10.50%₹5,532 Cr₹784 Cr
Mahindra Lifespace Developers (this company)
₹314.1520.16₹6,609 Cr1.831.14%9.91%7.64%₹2,108 Cr₹333 Cr
Median 8 companies₹1,351.0029.95₹64,707 Cr3.590.39%10.21%10.45%₹5,873 Cr₹1,610 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

49 Average

Data confidence 100/100

Category scores

Quality
16
Poor
Returns, margins, earnings quality 22% weight
Valuation
64
Good
Cheap vs sector & own history 24% weight
Growth
99
Strong
Sales & profit trajectory 9% weight
Financial Health
65
Good
Solvency, leverage, coverage 9% weight
Momentum
24
Poor
Trend strength, vol-adjusted 12% weight
Ownership
51
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

4
  • Company has reduced debt.
  • Company has delivered good profit growth of 42.2% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 45.9%
  • Debtor days have improved from 130 to 70.7 days.

Weaknesses

3
  • Tax rate seems low
  • Company has a low return on equity of 6.18% over last 3 years.
  • Earnings include an other income of Rs.380 Cr.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1252
OscillatorsNeutral252
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
36.91
Neutral
MACD (12,26,9)
−12.51
Bearish
SMA (50)
349.72
Bearish
SMA (200)
353.12
Bearish

As of

Analyst Rating

Based on 8 analysts
BUY100%

8 of 8 analysts rate Buy, 0 Hold, 0 Sell.

As of

BUY
8
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+7.10%
5Y+47.98%
3Y+24.73%
1Y+216.67%
TTM+876.39%

Net profit

Net profit growth by window
10Y+12.11%
5YTurned to profit
3Y+42.49%
1Y+388.52%
TTM+233.00%

Operating cash flow

Operating cash flow growth by window
10YOutflow widened by ₹371 Cr
5YOutflow widened by ₹477 Cr
3YOutflow widened by ₹397 Cr
1YOutflow widened by ₹3 Cr
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−24.77 pp
5Y+46.36 pp
3Y+7.85 pp
1Y+35.43 pp
TTM+86.05 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹762 Cr
Mar 2018₹566 Cr
Mar 2019₹593 Cr
Mar 2020₹611 Cr
Mar 2021₹166 Cr
Mar 2022₹394 Cr
Mar 2023₹607 Cr
Mar 2024₹212 Cr
Mar 2025₹372 Cr
Mar 2026₹1,178 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹106 Cr
Mar 2018₹103 Cr
Mar 2019₹119 Cr
Mar 2020−₹195 Cr
Mar 2021−₹71.00 Cr
Mar 2022₹162 Cr
Mar 2023₹103 Cr
Mar 2024₹98.00 Cr
Mar 2025₹61.00 Cr
Mar 2026₹298 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹44.78 Cr +232.1% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 31 Jul 2026
AI opinion · based on fundamentals
Risk high

Mahindra Lifespace Developers, with a market cap of ~₹8,298 Cr, is in a high-growth phase — FY26 consolidated PAT jumped to ₹298 Cr from ₹61 Cr in FY25, and residential pre-sales grew 21% YoY to ₹3,405 Cr. However, the stock trades at a P/E of 24.8x despite a modest 3-year ROE of ~6%, and a significant portion of earnings includes other income of ₹380 Cr, raising questions about core operating profitability.

Bull Case 8
  • FY26 consolidated PAT surged nearly 5x to ₹298 Cr from ₹61 Cr in FY25, showing a sharp earnings recovery
  • Residential pre-sales grew 21% YoY to ₹3,405 Cr in FY26, with IC&IC segment sales up 44% YoY to ₹713 Cr
  • Company has moved to a net cash position with net debt-to-equity improving to -0.27 in FY26 from 0.39 in FY25
  • 5-year compounded profit CAGR of 42% demonstrates a sustained earnings growth trajectory
  • Debtor days improved from 130 to 70.7 days, signalling better working capital efficiency
  • Aggressive land bank with projects worth ₹50,000 Cr GDV secured as of June 2026, targeting ₹9,500-10,000 Cr annual pre-sales by FY30
  • Q1 FY27 pre-sales more than doubled YoY to ₹925 Cr with PAT up 67% YoY to ₹86 Cr, maintaining momentum
  • Healthy dividend payout ratio of 45.9% provides income to shareholders, with current yield at 0.91%
Bear Case 8
  • 3-year average ROE remains low at ~6.18%, well below the realty sector median, indicating weak capital efficiency
  • Earnings include other income of ₹380 Cr, which is larger than the core operating profit in some periods, questioning sustainability
  • TTM revenue growth of 876% is distorted by the project completion accounting method (Ind AS 115), making revenue recognition lumpy and unpredictable
  • P/B ratio of 2.27x is elevated for a company with sub-10% ROE, implying the market is pricing in future growth that may not materialise
  • Stock CAGR of -6% over 3 years shows the market has not rewarded shareholders despite the profit growth narrative
  • Tax rate appears low, suggesting profits may be inflated by non-recurring items or deductions that may not persist
  • 10-year compounded sales CAGR of only 7% highlights historically sluggish top-line growth despite aggressive targets
  • Execution risk is high as ₹50,000 Cr GDV pipeline requires significant capital deployment, regulatory approvals, and sustained housing demand across multiple cities

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

94d ago

TL;DR: Mahindra Lifespace delivered a standout Q1FY27 with profit up 67% and pre-sales doubling, backed by aggressive GDV targets and a healthy inventory pipeline. The Sumitomo partnership extension and dividend declaration reinforce confidence. No material headwinds emerged, though management itself guided for moderating price growth at 4%–6%. The trend is clearly improving, with execution on the Kandivali project and Q2 pipeline being key near-term catalysts to watch.

Positives 5
  • Q1 profit surges 67% YoY Jul 24

    Consolidated net profit rose 67% YoY to ₹856 crore in Q1FY27, with residential pre-sales doubling (+106%) to ₹925 crore and EBITDA turning positive at ₹95 crore.

  • Ambitious GDV target set Jul 27

    Company targets GDV of ₹10,000–20,000 crore this year with ₹5,600 crore already locked in from the Kandivali deal, and FY27 pre-sales guidance of ₹4,500–5,000 crore supported by ~₹10,000 crore inventory.

  • ₹3.50 dividend declared at AGM Jul 23

    Shareholders approved a ₹3.50 per share dividend at the 27th AGM held July 23, 2026.

Neutral 3
  • Cost auditor appointed for FY27 Jul 23

    Board approved CMA Vaibhav Prabhakar Joshi as Cost Auditor for FY 2026-27 on July 23, 2026.

  • Q1 FY27 earnings call hosted Jul 15

    Earnings conference call scheduled and held on July 24 at 3:30 PM IST to discuss Q1 FY27 results.

  • Residential price growth moderating Jul 27

    Management expects residential price growth to moderate to 4%–6%, down from earlier cycles, though volume targets remain elevated.

Quarterly Results

₹ Cr
MAHLIFE quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
98
18
82
14
188
8
167
9
32
18
459
670
962
32
Expenses
141
53
121
68
230
55
193
64
87
70
429
714
868
87
Operating Profit
−43
−35
−39
−54
−42
−48
−25
−55
−55
−52
30
−44
94
−55
OPM %
−44%
−196%
−48%
−379%
−22%
−627%
−15%
−597%
−172%
−299%
6%
−7%
10%
−170%
Other Income
37
8
82
119
55
45
28
149
107
112
107
137
24
114
Interest
4
0
0
3
6
7
4
2
4
2
2
3
2
5
Depreciation
3
3
4
4
4
4
4
6
6
7
6
6
5
5
PBT
−14
−30
39
59
3
−14
−5
87
42
51
129
84
111
50
Tax %
−69%
−36%
−28%
−22%
−314%
0%
336%
2%
−23%
6%
16%
−7%
23%
67%
Net Profit
−4
−19
50
71
13
−14
−22
85
51
48
109
90
86
16
EPS (₹)
−0.2
−0.89
2.35
3.36
0.6
−0.66
−1.05
3.99
2.4
2.25
5.1
4.22
4.01
—

Sep 2026: from the results filed on 22 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
MAHLIFE profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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
Operating Profit
424
86
50
57
26
−81
−94
−88
−110
−171
−170
−121
28
OPM %
39%
14%
7%
10%
4.4%
−13%
−56%
−22%
−18%
−81%
−46%
−10%
1.3%
Other Income
61
92
113
123
134
−100
34
200
239
246
277
462
380
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
PBT
421
138
139
135
143
−196
−78
99
106
54
70
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 (₹)
12.59
4.34
4.83
4.77
5.65
−9.13
−3.38
7.27
4.77
4.61
2.87
13.97
15.58
Div. Payout %
18%
27%
24%
30%
26%
0%
0%
20%
35%
42%
71%
25%
—

Balance Sheet

₹ Cr
MAHLIFE balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
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 Flow

₹ Cr
MAHLIFE cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
300
−174
70
194
168
−63
−68
−52
−148
−661
−542
−545
Investing
42
106
141
−180
288
88
110
123
26
214
273
−145
Financing
−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
CFO/OP
101
−145
172
369
753
61
59
39
124
384
298
415

Ratios

MAHLIFE financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Mahindra Lifespace Developers insights

62 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 52.40%
  • DIIs 22.80%
  • Public 13.76%
  • FIIs 7.36%
  • Others 3.69%

No promoter shares pledged as of Sep 2026

Change since Jun 2026

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Mahindra Lifespace Developers

What does Mahindra Lifespace Developers Ltd do?
Mahindra Lifespace Developers Ltd was incorporated in 1999, it is engaged in the business of development of the real estate, residential facilities, commercial complexes and through its subsidiary companies is involved in various infrastructure projects including the development of SEZs and…
Where is Mahindra Lifespace Developers Ltd (MAHLIFE) listed?
Mahindra Lifespace Developers Ltd trades as MAHLIFE on the NSE and under code 532313 on the BSE.
Which sector does Mahindra Lifespace Developers Ltd belong to?
Mahindra Lifespace Developers Ltd is classified under the Realty sector, in the Residential Commercial Projects industry.
What is the PE ratio of Mahindra Lifespace Developers Ltd?
Mahindra Lifespace Developers Ltd trades at a PE ratio of 20.16 as of 4 Nov 2026, on earnings per share of ₹15.58, against a book value of ₹171.46 per share.
What is the 52-week high and low of Mahindra Lifespace Developers Ltd?
Over the last 52 weeks Mahindra Lifespace Developers Ltd has traded between ₹286.8 and ₹427.05 as of 4 Nov 2026.
Does Mahindra Lifespace Developers Ltd pay dividends?
Mahindra Lifespace Developers Ltd has a dividend yield of 1.14%.
What is the Return on Equity (ROE) of Mahindra Lifespace Developers Ltd?
Mahindra Lifespace Developers Ltd reported a return on equity of 9.91%. Its debt-to-equity ratio is 0.18.

Company Information

Mahindra Lifespace Developers Ltd was incorporated in 1999, it is engaged in the business of development of the real estate, residential facilities, commercial complexes and through its subsidiary companies is involved in various infrastructure projects including the development of SEZs and Industrial Clusters.

Website mahindralifespaces.com
CEO Mr. Amit Kumar Sinha
Listed 10 May 2000
Face Value ₹10

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