Macrotech Developers Ltd Share Price (LODHA)

Macrotech Developers Reports Strong Sales Growth and Debt Reduction - 12 Apr, 2024

Macrotech Developers reported strong sales growth, achieving a 20% increase in sales bookings for FY24 and adding new projects worth ₹20,300 crore. The company also successfully reduced its net debt to ₹3,010 crore. Additionally, insiders own a significant amount of shares and the company's earnings per share are soaring.

Macrotech Developers Achieves Strong Sales Bookings in Q4FY24 - 08 Apr, 2024

Macrotech Developers achieved strong Q4FY24 sales bookings of INR 42.3bn and is targeting a 20% sales booking CAGR over FY24-26E. ICICI Securities has revised its TP to INR 1,109 based on 50% premium to FY24E NAV of INR 739/share.

Macrotech Developers Reduces Net Debt, Raises Funds Through QIP - 07 Apr, 2024

Macrotech Developers successfully reduced its net debt by 55% to Rs 3,010 crore through internal accruals and equity fundraising. The company's qualified institutional placement (QIP) was oversubscribed nearly three times, raising Rs 3,300 crore from a diverse set of investors. Additionally, the company registered a 20% growth in sales bookings to a record Rs 14,520 crore in FY24.

Macrotech Developers Reports Strong Sales Growth - 05 Apr, 2024

Macrotech Developers records its best ever quarterly pre-sales performance with sales bookings of Rs 4,230 crore in Q4 FY24, a growth of 40% YoY. The company's net debt has reduced to Rs 3,010 crore at the end of Q4 FY24 from Rs 7,070 crore at the end of Q4 FY23.

Macrotech Acquires Stake in Siddhivinayak Realties, Raises Funds Through NCDs - 29 Mar, 2024

Macrotech Developers acquires a 50% stake in Siddhivinayak Realties for Rs 250 crore and raises Rs 125 crore through the issue of non-convertible debentures. The acquisition will be done through a wholly-owned subsidiary and is expected to be completed within a week.

Macrotech Developers to Raise Funds and Acquire Stake in Siddhivinayak Realties - 28 Mar, 2024

Macrotech Developers is set to raise Rs 125 crore through the issuance of non-convertible debentures and has acquired a 50% stake in Siddhivinayak Realties Pvt Ltd. The company's executive committee approved the allotment of 12,500 debentures of Rs 1 lakh each.

Macrotech Developers Ltd falls 2.73% amid broader market decline - 26 Mar, 2024

Macrotech Developers Ltd lost 2.73% to trade at Rs 1126.8, underperforming the S&P BSE Realty Index which is down 0.5%. The stock has added 1.58% over last one month compared to a 5.28% fall in the index and a 0.71% drop in the benchmark SENSEX.

Jefferies Lists Macrotech Developers as One of 11 Stocks Expected to Deliver Strong Returns - 24 Mar, 2024

Global brokerage firm Jefferies has listed Macrotech Developers as one of 11 stocks expected to deliver strong CAGR returns of 15% to 25% over the next five years. The company is likely to experience a strong housing cycle, with pre-sales growth possibly reaching 17.5% CAGR. Macrotech Developers has delivered positive returns in the last six months and nearly 181.3% multibagger returns in the last year.

Jefferies Predicts Multi-Bagger Returns for Macrotech Developers - 19 Mar, 2024

Global investment banking firm Jefferies predicts that the shares of real estate firm Macrotech Developers are likely to give triple returns in the next five years, with a stock price target of Rs 3,000 by FY2029. The company's total township landbank of 600 million square feet and expansion into new areas could lead to pre-sales growing at a CAGR of 15% – 20%. Macrotech Developers has already given multi-bagger returns to its investors from last year.

Macrotech Developers Among Top Gainers After Jefferies Maintains Buy Rating - 18 Mar, 2024

Brokerage firm Jefferies has maintained its buy recommendation on Macrotech Developers and set a price target of Rs 3,000 by FY2029. The company is expected to benefit from the ongoing housing upcycle and has a large township landbank in Mumbai suburbs. Additionally, strong housing cycle will drive 17.5% CAGR pre-sales growth.