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.[1][2]
Business Segments1) Project Management and Development (99% in H1 FY25 vs 98% in FY22):[1][2]The company’s development portfolio includes premium residential projects, value homes under theMahindra Happinestbrand, and integrated cities and industrial clusters under theMahindra World Cityand *Origins by Mahindrabrands.[3]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | DLF | 651.05 | 41.75 | 161155.17 | 0.92 | 1180.09 | -27.08 | 1643.04 | -16.81 | 6.51 | 9016.03 | 22.47 | 3859.74 | 1007.10 | 3.75 | 7.30 | 0.04 |
| 2. | Lodha Developers | 1058.80 | 31.76 | 105750.83 | 0.40 | 789.80 | 86.50 | 3798.50 | 44.67 | 15.62 | 15597.50 | 29.61 | 3329.50 | 788.70 | 4.97 | 5.70 | 0.45 |
| 3. | Phoenix Mills | 1868.40 | 62.45 | 66813.67 | 0.13 | 384.09 | 39.38 | 1115.43 | 21.51 | 10.75 | 4059.89 | 57.73 | 1069.86 | 303.99 | 6.19 | 6.11 | 0.46 |
| 4. | Prestige Estates | 1500.20 | 84.41 | 64618.15 | 0.12 | 457.40 | 123.88 | 2431.70 | 5.52 | 7.66 | 7921.90 | 36.60 | 765.50 | 430.30 | 4.08 | 1.15 | 0.92 |
| 5. | Oberoi Realty | 1648.40 | 26.84 | 59936.19 | 0.49 | 760.26 | 28.98 | 1779.04 | 34.79 | 17.73 | 5327.81 | 56.59 | 2233.06 | 760.26 | 3.58 | 10.23 | 0.18 |
| 6. | Godrej Propert. | 1871.40 | 36.37 | 56367.76 | 0.00 | 402.99 | 20.84 | 740.38 | -32.28 | 6.57 | 4265.55 | -18.34 | 1549.83 | 405.08 | 3.08 | 2.67 | 0.89 |
| 7. | Brigade Enterpr. | 842.40 | 25.89 | 20596.53 | 0.30 | 170.28 | 36.58 | 1383.37 | 29.03 | 13.34 | 5588.84 | 26.50 | 795.44 | 162.50 | 3.18 | 3.39 | 0.83 |
| 8. | Mahindra Life. | 376.25 | 462.32 | 8025.95 | 0.74 | -24.51 | -4054.24 | 11.97 | 481.07 | 3.01 | 202.89 | -95.18 | 17.36 | -24.51 | 2.74 | 0.87 | 0.11 |
| – | Median: 94 Co. | 171.43 | 32.77 | 851.21 | 0.0 | 4.2 | 5.58 | 47.48 | 10.71 | 7.71 | 174.32 | 16.52 | 11.74 | 3.3 | 2.87 | 2.39 | 0.44 |
Standalone figures in ₹ crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 37 | 175 | 250 | 7 | 7 | 2 | 3 | 182 | 2 | 162 | 4 | 26 | 12 |
Expenses | 74 | 190 | 276 | 51 | 45 | 45 | 56 | 225 | 53 | 189 | 59 | 82 | 66 |
Operating Profit | -37 | -16 | -26 | -45 | -37 | -43 | -54 | -43 | -51 | -27 | -55 | -57 | -54 |
Other Income | 15 | 78 | 69 | 36 | 42 | 8 | 42 | 20 | 61 | 102 | 101 | 33 | 45 |
Profit before tax | -27 | 57 | 38 | -15 | 2 | -39 | -19 | -33 | -1 | 66 | 29 | -43 | -19 |
Tax % | -27% | -6% | 8% | -64% | 26% | -25% | -68% | -29% | -17% | 28% | 5% | -21% | 29% |
Net Profit | -20 | 60 | 35 | -5 | 2 | -29 | -6 | -24 | -1 | 48 | 28 | -34 | -25 |
EPS in Rs | -0.94 | 2.82 | 1.63 | -0.26 | 0.07 | -1.35 | -0.28 | -1.11 | -0.03 | 2.24 | 1.31 | -1.59 | -1.15 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 307 | 624 | 502 | 681 | 475 | 486 | 440 | 90 | 253 | 472 | 19 | 349 | 203 |
Expenses | 278 | 398 | 434 | 646 | 439 | 462 | 504 | 195 | 375 | 572 | 196 | 525 | 396 |
Operating Profit | 29 | 226 | 68 | 34 | 36 | 24 | -64 | -106 | -123 | -100 | -177 | -176 | -193 |
Other Income | 114 | 136 | 99 | 73 | 82 | 69 | -156 | 46 | 156 | 269 | 127 | 283 | 280 |
Interest | 39 | 22 | 47 | 32 | 35 | 5 | 2 | 4 | 5 | 9 | 7 | 28 | 32 |
Depreciation | 2 | 3 | 4 | 4 | 4 | 3 | 7 | 7 | 6 | 10 | 13 | 18 | 22 |
Profit before tax | 101 | 338 | 117 | 71 | 79 | 85 | -230 | -70 | 22 | 151 | -70 | 61 | 34 |
Net Profit | 78 | 233 | 78 | 49 | 53 | 59 | -226 | -52 | 43 | 151 | -39 | 51 | 17 |
EPS in Rs | 3.69 | 11.03 | 3.70 | 2.31 | 2.51 | 2.77 | -10.67 | -2.46 | 2.02 | 7.11 | -1.82 | 2.41 | 0.81 |
Dividend Payout % | 32% | 21% | 31% | 50% | 58% | 53% | 0% | 0% | 72% | 24% | -106% | 85% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 41 | 41 | 41 | 41 | 51 | 51 | 51 | 51 | 155 | 155 | 155 | 155 | 213 |
Reserves | 1,096 | 1,282 | 1,431 | 1,452 | 1,754 | 1,700 | 1,445 | 1,394 | 1,337 | 1,458 | 1,388 | 1,401 | 2,713 |
Borrowings | 696 | 500 | 691 | 564 | 368 | 120 | 124 | 112 | 171 | 241 | 872 | 1,439 | 325 |
Other Liabilities | 339 | 411 | 432 | 372 | 331 | 555 | 379 | 476 | 656 | 1,302 | 2,040 | 2,831 | 3,291 |
Total Liabilities | 2,171 | 2,234 | 2,594 | 2,429 | 2,504 | 2,426 | 2,000 | 2,033 | 2,318 | 3,156 | 4,455 | 5,827 | 6,542 |
Fixed Assets | 29 | 30 | 9 | 32 | 28 | 28 | 31 | 24 | 36 | 35 | 24 | 25 | 36 |
Gross Block | 49.02 | 52.82 | 25.18 | 58.63 | 57.68 | 56.88 | 64.55 | 54.96 | 62.78 | 69.42 | 57.99 | 73.28 | – |
Accumulated Depreciation | 20.46 | 23.02 | 15.77 | 26.30 | 29.36 | 29.14 | 33.78 | 31.27 | 27.07 | 34.65 | 34.37 | 48.07 | – |
CWIP | 0 | 0 | 1 | 8 | 9 | 10 | 12 | 15 | 3 | 5 | 5 | 5 | 6 |
Investments | 750 | 573 | 800 | 804 | 851 | 651 | 467 | 470 | 491 | 763 | 648 | 605 | 725 |
Other Assets | 1,393 | 1,631 | 1,784 | 1,584 | 1,616 | 1,738 | 1,490 | 1,525 | 1,788 | 2,353 | 3,779 | 5,191 | 5,775 |
Total Assets | 2,171 | 2,234 | 2,594 | 2,429 | 2,504 | 2,426 | 2,000 | 2,033 | 2,318 | 3,156 | 4,455 | 5,827 | 6,542 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | -132 | 87 | -165 | 142 | 106 | 160 | -90 | -92 | -71 | -181 | -706 | -97 |
Cash from Investing Activity | -147 | 202 | 146 | 3 | -79 | 222 | 102 | 137 | 112 | 20 | 209 | -175 |
Cash from Financing Activity | 222 | -284 | 118 | -237 | -37 | -309 | -48 | -21 | 42 | 23 | 540 | 421 |
Net Cash Flow | -57 | 4 | 99 | -92 | -10 | 73 | -36 | 24 | 83 | -138 | 43 | 149 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 31 | 9 | 37 | 32 | 91 | 85 | 74 | 204 | 98 | 76 | 1,341 | 132 |
Inventory Days | – | – | – | – | – | – | – | – | – | – | – | – |
Days Payable | – | – | – | – | – | – | – | – | – | – | – | – |
Cash Conversion Cycle | 31 | 9 | 37 | 32 | 91 | 85 | 74 | 204 | 98 | 76 | 1,341 | 132 |
Working Capital Days | 903 | 590 | 668 | 416 | 607 | 602 | 692 | 3,000 | 939 | 479 | 24,472 | 849 |
ROCE % | 8% | 20% | 8% | 5% | 5% | 4% | 1% | -4% | -5% | 2% | -5% | 3% |
Direct from BSE filings, auto-summarised
External media mentions & references
Editorial & research coverage
Nov 2025
Oct 2025
Aug 2025
May 2025
Feb 2025
Nov 2024
Jul 2024
Jun 2024
May 2024
Feb 2024
Nov 2023
Aug 2023
May 2023
Feb 2023
Nov 2022
Aug 2022
May 2022
Mar 2022
Feb 2022
Oct 2021
Jul 2021
May 2021
Jan 2021
Nov 2020
Jul 2020
May 2020
Jan 2020
Oct 2019
Oct 2019
Jul 2019
Apr 2019
Apr 2019
Feb 2019
Oct 2018
Jul 2018
Jun 2018
Apr 2018
Jan 2018
Jan 2018
Oct 2017
Feb 2017
Jan 2017
Oct 2016
Jul 2016
Apr 2016
Stock Analysis
Mahindra Lifespace Developers Ltd is engaged in the development of real estate, residential facilities, and commercial complexes, and through its subsidiaries, is involved in infrastructure projects including SEZs and Industrial Clusters.
Currently no data available for Key Growth Triggers.
Currently no data available for Order Book.
Currently no data available for Key Red Flags.
Currently no data available for Key Dates To Watch.
Corporate Announcements
