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Macrotech Developers Ltd (LODHA)

₹1463.74.86%

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🔔 Acquisition Alert

Macrotech Developers acquires three land parcels in Mumbai and Pune to develop projects with revenue potential of over Rs 11,000 crore

Overview
News
Financials
Q3 '23 Results
Technicals

Analyst Rating

based on 16 analysts

BUY

62.50%

Buy

25.00%

Hold

12.50%

Sell

Based on 16 analysts offering long term price targets for Macrotech Developers Ltd. An average target of ₹1265.88

Source: S&P Global Market Intelligence

Macrotech Developers Ltd Share analysis

Source: S&P Global Market Intelligence

Performance

  • Day's Low

    Day's High

    ₹1,370
    ₹1,522.75
  • 52 Week's Low

    52 Week's High

    ₹641.05
    ₹1,649.95
1 Month Return-12.34 %
3 Month Return+ 16.87 %
1 Year Return+ 98.08 %
Previous Close₹1,395.80
Open₹1,416.40
Volume35.31L
Upper Circuit-
Lower Circuit-
Market Cap₹1,38,874.34Cr

Key Statistics

P/E Ratio87.24
PEG Ratio7.91
Market Cap₹1,38,874.34 Cr
P/B Ratio6.81
EPS0

Mutual Fund Holdings

Funds HoldingsPrev. 6M
Nippon India ELSS Tax Saver Fund Direct Plan - Growth OptionNippon India ELSS Tax Saver Fund Direct Plan - Growth Option1.51%
Mirae Asset Large Cap Fund Direct Plan GrowthMirae Asset Large Cap Fund Direct Plan Growth0.51%
HDFC Large and Mid Cap Fund Direct GrowthHDFC Large and Mid Cap Fund Direct Growth0.21%
Baroda BNP Paribas Focused Direct GrowthBaroda BNP Paribas Focused Direct Growth6.61%
HDFC Housing Opportunities Fund Direct GrowthHDFC Housing Opportunities Fund Direct Growth1.74%

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: ₹1463.70 per share as on 15 Jul, 2024 04:01 PM
Market Capitalisation: ₹1,38,874.34Cr as of today
Revenue: ₹4,018.50Cr as on March 2024 (Q1 24)
Net Profit: ₹667.00Cr as on March 2024 (Q1 24)
Listing date: 19 Apr, 2021
Chairperson Name: M M Chitale
OrganisationMacrotech Developers Ltd
HeadquartersMumbai
IndustryConstruction
E-voting on sharesClick here to vote

What's happening today

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    Today's Timeline - Invalid Date

    08:41 AM

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    Macrotech Developers acquires three land parcels in Mumbai and Pune to develop projects with revenue potential of over Rs 11,000 crore.

Key events for Macrotech Developers Ltd

  • Macrotech Developers Acquires Land Parcels for Projects Worth Over Rs 11,000 Crore - 15 Jul, 2024

    Macrotech Developers has acquired three land parcels in the Mumbai region and Pune during Q1 FY25 to develop projects worth over Rs 11,000 crore. The company added three projects in MMR and Pune having a gross development value of Rs 11,100 crore, which is more than 50% of full-year guidance.

  • Macrotech Acquires Land Parcels, Posts Strong Sales Growth - 14 Jul, 2024

    Macrotech Developers has acquired three land parcels in Mumbai and Pune worth over Rs 11,000 crore and posted a 20% YoY growth in sales bookings for Q1 FY25. The company aims to achieve 21% annual growth in sales bookings this fiscal year.

  • Macrotech Developers Reports Strong Sales Growth - 13 Jul, 2024

    Macrotech Developers reports a 20% YoY growth in sale bookings to Rs 4,030 crore for Q1 FY25. The company aims to achieve 21% annual growth in sale bookings this fiscal year to reach Rs 17,500 crore by launching 17 housing projects with a revenue potential of Rs 12,000 crore.

  • Macrotech Developers' Stock Falls Amidst Market Dip - 12 Jul, 2024

    Macrotech Developers' stock fell by 1.35% to trade at Rs 1452.7 amidst a dip in the BSE Realty index, which is down 0.35%. The company has lost 0.98% over the last month.

  • Macrotech Developers Falls 2.71% - 11 Jul, 2024

    Macrotech Developers Ltd's stock fell by 2.71% to trade at Rs 1482.95, with the BSE Realty index down 0.11%. However, the index has surged by 107.8% over the past year.

  • Macrotech Developers Reports 20% YoY Increase in Pre-Sales - 08 Jul, 2024

    Macrotech Developers has reported pre-sales of around Rs 4000 crore in the June quarter, up 20% YoY. The company attributes this to a revival in housing demand and its leadership in the Mumbai Metropolitan Region. However, Numvama notes that Macrotech's portfolio is overexposed to MMR and gross debt has risen to around Rs 4300 crore.

  • Macrotech Developers Reports Strong Pre-Sales Growth - 05 Jul, 2024

    Macrotech Developers records a 20% YoY increase in pre-sales to Rs 4,030 crore in Q1 FY25. Collections also rise by 12% YoY but decline sequentially.

  • Macrotech Developers FY2024 Earnings Miss Expectations - 02 Jul, 2024

    Macrotech Developers missed revenue and earnings per share (EPS) estimates for FY2024. However, the company's net income increased by 218% from FY2023, with a profit margin of 15%. Looking ahead, Macrotech forecasts a 20% p.a. growth in revenue over the next three years compared to a 21% industry forecast. The stock is down 1.8% from a week ago.

  • Macrotech Developers Ltd down 2.06% on BSE Realty Index - 25 Jun, 2024

    Macrotech Developers Ltd lost 2.06% to trade at Rs 1516 on the BSE Realty index, which is down 0.1%. The stock has added 13.4% over last one month compared to a 10.22% gain in the index and a 2.75% rise in the SENSEX.

  • Macrotech Developers Stock Increases by 44% in Three Months - 19 Jun, 2024

    Macrotech Developers' stock has increased significantly by 44% over the past three months. The company's financial indicators, specifically ROE, were studied to see if they played a role in the recent price move.

  • Macrotech Records Highest Ever Revenue, Receives Final Order on Stamp Duty - 18 Jun, 2024

    Macrotech Developers Ltd (LODHA) reports its highest-ever annual revenue of Rs 10,316 crore in FY24 and plans to launch several new projects. The company also received the High Court's final order on the stamp duty payable for one of its projects in Wadala. Motilal Oswal recommends a 'Buy' rating for Macrotech with a target price of Rs 1770.

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

    Profit Spike

    img

    Netprofit is up for the last 4 quarters, 178.4 Cr → 665.5 Cr (in ₹), with an average increase of 32.0% per quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

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    Foreign Institutions have increased holdings from 21.09% to 23.79% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 4 quarters, 1.67K Cr → 4.08K Cr (in ₹), with an average increase of 24.3% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Prestige Estates Projects Ltd has given 214.1% return, outperforming this stock by 116.0%

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Prestige Estates Projects Ltd has given 454.5% return, outperforming this stock by 217.9%

  • imgNEGATIVE IMPACT

    Promoter Holding Down

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    Promoters have decreased holdings from 74.92% to 72.16% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 7 days, LODHA stock has moved down by -9.3%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 0.78% to 0.73% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 0.63% to 0.47% in Mar 2024 quarter

Company Financials

Value in ₹ crore
Q'1 24Q/Q Change
Revenue
₹4,018.50Cr
↑37.12%
Net Income
₹667.00Cr
↑32.03%
Net Profit Margin
16.60%
↓3.71%
2024Y/Y Change
Revenue
₹10,316.10Cr
↑8.93%
Net Income
₹1,554.20Cr
↑217.51%
Net Profit Margin
15.07%
↑191.49%
Value in ₹ crore
2024Y/Y Change
Total Assets
₹47,924.70Cr
↑17.29%
Total Liabilities
₹30,931.10Cr
↑9.35%
Value in ₹ crore
2024Y/Y Change
Operating Cash Flow
₹1,779.80Cr
↑8.96%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
72.16%
0.00
Foreign Institutions
23.79%
0.00
Mutual Funds
0.47%
0.00
Retail Investors
0.73%
0.00
Others
2.85%
0.00

Key Indicators

Macrotech Developers Ltd Valuation

Macrotech Developers Ltd in the last 5 years

  • Overview

  • Trends

Lowest (27.05x)

October 25, 2021

Industry (-164.11x)

July 12, 2024

Today (87.24x)

July 12, 2024

Highest (350.92x)

June 15, 2021

LowHigh

Earnings and Dividends

  • Macrotech Developers Ltd Earnings Results

    Macrotech Developers Ltd’s net profit fell -10.6% since last year same period to ₹665.50Cr in the Q4 2023-2024. On a quarterly growth basis, Macrotech Developers Ltd has generated 32.23% jump 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 0.16%.

    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 ₹1463.7

Macrotech Developers Ltd is listed on NSE

Macrotech Developers Ltd is listed on BSE

  • Today’s highest price of Macrotech Developers Ltd is ₹1522.75.
  • Today’s lowest price of Macrotech Developers Ltd is ₹1370.

PE Ratio of Macrotech Developers Ltd is 87.24

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 35.31L.

Today’s market capitalisation of Macrotech Developers Ltd(LODHA) is ₹138874.34Cr.

Macrotech Developers Ltd(LODHAPrice
52 Week High
₹1649.95
52 Week Low
₹641.05

Macrotech Developers Ltd(LODHA) share price is ₹1463.7. It is down -11.29% from its 52 Week High price of ₹1649.95

Macrotech Developers Ltd(LODHA) share price is ₹1463.7. It is up 128.33% from its 52 Week Low price of ₹641.05

Macrotech Developers Ltd(LODHAReturns
1 Day Returns
67.9%
1 Month Returns
-12.34%
3 Month Returns
16.87%
1 Year Returns
98.08%