Macrotech Developers Ltd.
Snapshot View

847.10 -9.95 ▼-1.2%

23 July 2021, 04:00:00 P.M.
Volume: 125,738

Overview View Details

Sector Realty Compare with Sector peers
Industry Construction - Real Estate Compare with Industry peers
Website http://www.lodhagroup.com
Financial Indicators
Market Cap 37,769.32 Cr.
Earnings per share (EPS) 0.90 Trailing Twelve Months Ending 2021-03
Price-Earning Ratio (PE) 940.56 Trailing Twelve Months Ending 2021-03
Industry PE - Trailing Twelve Months Ending 2021-03
Book Value / Share 149.08 Trailing Twelve Months Ending 2021-03
Price to Book Value 5.66 Calculated using Price: 844.35
Dividend Yield 0.00 Period Ending 2020-03
No. of Shares Subscribed 44.73 Cr. 447,318,328 Shares
FaceValue 10
Company Profile

Macrotech Developers is one of the largest real estate developers in India, by residential Sales value for the financial years 2014 to 2020. Currently, it has residential projects in the MMR and Pune. In 2019, it forayed into the development of logistics and industrial parks and entered into a joint venture with ESR Mumbai 3 Pte. (ESR), a subsidiary of ESR Cayman, an Asia Pacific focused logistics real estate platform. It also develops commercial real estate, including as part of mixed-use developments in and around its core residential projects.

The company’s customer-centric business model focuses on designing and developing its ‘branded products’ to address consumer needs across locations and price points. Its core competency lies in professionally managing the real estate value chain as it has in-house capabilities to deliver a project from conceptualization to completion. It has a strong focus on de-risking projects and improving its return on investment with fast turnaround time from acquisition to launch to completion.

The company’s brands include “Lodha”, “CASA by Lodha” and “Crown - Lodha Quality Homes” for its affordable and mid-income housing projects, the “Lodha” and “Lodha Luxury” brands for its premium and luxury housing projects, and the “iThink”, “Lodha Excelus” and “Lodha Supremus” brands for its office spaces. Its inhouse sales team is supported by a distribution network of multiple channels across India as well as key non-resident Indian (NRI) markets, such as the Gulf Cooperation Council, United Kingdom, Singapore and the United States. The company’s large ongoing portfolio of affordable and mid-income housing projects include Palava (Navi Mumbai, Dombivali Region), Upper Thane (Thane outskirts), Amara (Thane), Lodha Sterling (Thane), Lodha Luxuria (Thane), Crown Thane (Thane), Bel Air (Jogeshwari), Lodha Belmondo (Pune), Lodha Splendora (Thane) and Casa Maxima (Mira Road).

Business area of the company

The company is primarily engaged in affordable residential real estate developments and in 2019, it entered into the development of logistics and industrial parks and also develop commercial real estate.

Awards and Accreditations

  • 2014: The Global Leadership in Real Estate Award’ in the NDTV Property Awards.
  • 2014: The Most Trusted Real Estate Brand in the Country’ by the Brand Trust Report.
  • 2014: Ranked as one of India’s Best Companies to Work for, 2014’ by Great Places to Work.
  • 2014: India’s Most Admired Builders’ by the Construction World Architect & Builder (CWAB).
  • 2015: Special Recognition Award’ in the ET Best Realty Brands (BRB) Awards.
  • 2015: Ranked as one of India’s Best Companies to Work for, 2015 by Great Places to Work.
  • 2016 ‘Best Private Township’ in the BW Business World Smart Cities Awards.
  • 2016: Certificate of recognition for ‘Iconic Upcoming Project- World One Worli’ as the Times Realty Icon 2016 by Optimal Media Solutions.
  • 2017: Best ‘Social Media Integrated Campaign’ for the World Towers at the National Awards for Marketing Excellence by Times Network.
  • 2017: Most Respected Real Estate Brand – India’ by 2017 Grohe Hurun.
  • 2017: Scroll of Honour award for ‘Marketing Firm of the Year – India’ by CREDAI.
  • 2018: Lodha Altamount recognised as one of the ‘Best Residential Project under Ultra-Luxury Segment’ in the West Zone of India by CNBC Awaaz Real Estate Awards 2017-18.
  • 2019: Best Activation Campaign Store Launch for Lodha Xperia Mall by the Activation Venue Forum.
  • 2020: Certificate of recognition for ‘Top Developer of the Year’ as the Times Real Estate Icons, West India 2020 by Optimal Media Solutions.

Major events and milestones

  • 2005: Launched Lodha Paradise in Thane.
  • 2006: Start of acquisition of land for Palava city.
  • 2006: Macrotec Constructions Private Limited (our erstwhile Subsidiary) won the bid for Apollo Textile Mills in an auction from National Textile Corporation for Bellissimo, Primero & Excelus projects.
  • 2008: Investment of Rs 16,400 million from Deutsche Bank in Cowtown Infotech Services Private Limited.
  • 2008: Investment from ICICI Ventures in Lodha Elevation Buildcon Private Limited in respect of ‘iThink Thane’.
  • 2010: Launch of Phase I of Palava City.
  • 2011: Acquisition of Wadala land parcel through auction process conducted by Mumbai Metropolitan Region Development Authority.
  • 2011: Launch of World One project in Lower Parel, Mumbai.
  • 2012: Exit of Deutsche Bank from Cowtown Infotech Services Private Limited.
  • 2012: Launch of New Cuffe Parade project in Wadala, Mumbai.
  • 2013: Launch of South Mumbai’s largest landscape, ‘The Park’ in Worli.
  • 2013: Acquisition of Washington House for Lodha Altamount project from the US Government.
  • 2014: Expansion into UK with acquisition of two development sites in Central London, including Canadian High Commission.
  • 2015: Successful closure of international bond offering of 12% $200 million due in 2020 by its Subsidiary, Lodha Developers International Limited.
  • 2015: Launched Lodha Luxury collection for super high-end residential.
  • 2015: Acquisition of 87 acre land from Clariant Chemicals in Thane.
  • 2016: Launch of Amara in Thane.
  • 2017: Exit of HDFC Venture Fund and Tramos Limited from Shreeniwas Cotton Mills Limited.
  • 2017: Exit of ICICI Ventures (iThink Thane in Lodha Elevation Buildcon Private Limited).
  • 2017: Launch of Lincoln Square project in London.
  • 2018: Follow-on fund raising of $125 million on 12% USD Bonds due in 2020.
  • 2018: Development finance tied up for both the London properties.
  • 2018: Acquisition of five acres of land parcel in Jogeshwari.
  • 2018: Launch of Seamont project in Walkeshwar, Mumbai.
  • 2018: Launch of Upper Thane project in Thane.
  • 2019: Joint Venture with ESR Mumbai 3 Pte. Limited for developing an industrial park at Palava.
  • 2019: Sale of NCP commercial tower 1 for a total consideration of Rs 10,550 million through sale of shares of subsidiary company to Varde Group, Singapore.
  • 2020: Repaid the bond of $325 million and raised the fresh bond of $225 million due 2023 by subsidiary, Lodha Developers International Limited.
  • 2020: Launch of ‘Lodha Crown’ in Thane.
  • 2021: Launch of ‘Lodha Villa Royale’ in Thane.


Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-1.16%
1 Week
-0.75%
1 Month
+24.20%
3 Month
+59.66%
6 Month
1 Year
2 Year
5 Year
9 years 2007-03 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03
Return on Equity (%) 102.15 34.88 20.15 28.30 20.30 14.99 18.14 40.48 19.68
Return on Capital Employed (%) 10.38 14.12 9.99 13.43 13.48 9.22 6.61 10.84 6.75
Return on Assets (%) 5.41 3.25 2.05 3.15 2.51 1.85 2.14 3.67 1.65

Balance Sheet View Details

Particulars 8 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Shh. Funds 1,937 2,372 3,294 3,973 4,033 5,152 3,844 4,552
Non Curr. Liab. 4,408 3,942 2,497 2,705 2,101 3,236 439 2,464
Curr. Liab. 12,656 16,353 21,972 24,137 27,663 31,820 44,702 33,063
Minority Int. 218 210 135 166 134 43 535 519
Equity & Liab. 19,219 22,878 27,898 30,981 33,931 40,251 49,519 40,599
Non Curr. Assets 1,541 2,746 4,301 5,093 5,500 2,639 2,830 7,070
Curr. Assets 17,679 20,132 23,597 25,888 28,431 37,612 46,689 33,529
Misc. Exp. not W/O
Total Assets 19,219 22,878 27,898 30,981 33,931 40,251 49,519 40,599

Profit Loss View Details

Particulars 8 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Net Sales 3,510 4,711 6,236 8,249 7,926 9,677 11,907 12,443
Other Income 142 143 422 512 600 288 72 263
Total Income 3,651 4,854 6,658 8,761 8,526 9,965 11,979 12,705
Total Expenditure -2,766 -3,791 -4,766 -6,091 -6,313 -7,998 -8,741 -10,670
PBIDT 885 1,062 1,892 2,670 2,213 1,967 3,238 2,035
Interest -386 -289 -492 -988 -736 -390 -566 -740
Depreciation -31 -47 -128 -450 -460 -395 -180 -292
Taxation -107 -293 -471 -495 -417 -388 -845 -262
Exceptional Items 22 0 0 1 0 0
PAT 383 432 800 738 600 794 1,647 742

Cash Flow View Details

Particulars 8 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr.
Cash Fr. Operatn. -1,791 268 -776 387 1,469 696 -465 3,772
Cash Fr. Inv. -876 -650 -685 -854 -1,174 -655 -184 212
Cash Fr. Finan. 2,629 353 1,354 330 -312 24 738 -4,188
Net Change -39 -29 -108 -137 -16 65 88 -205
Cash & Cash Eqvt 36 7 336 199 184 255 353 119

Shareholding Pattern View Details

4 Qtrs 2015-09 (%) 2016-09 (%) 2017-09 (%) 2021-06 (%)
Promoter 94.61 94.61 100.00 88.51
Public 5.39 5.39 0.00 11.49
Depository Receipts 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 32.99

Announcements View Details

Thu, 22 Jul 2021
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018
Dear Sir

Please find enclosed herewith a certificate issued under Regulation 74(5) of Securities and Exchange Board of India (Depositories and Participants) Regulations 2018 by Link Intime India Pvt. Ltd. the Registrar and Transfer Agent of the Company for the period from 1st April 2021 to 30th June 2021

We request you to take the above on record.
Thu, 22 Jul 2021
Board Meeting Intimation for Intimation Of Board Meeting
Macrotech Developers Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/07/2021 inter alia to consider and approve In terms of Regulations 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations 2015 as amended from time to time please note that a meeting of the Board of Directors of the Company is scheduled to be held on Friday July 30 2021 inter alia to consider and approve the unaudited Standalone and Consolidated Financial Results of the Company for the quarter ended June 30 2021.

This intimation is also being uploaded on the Companys website at www.lodhagroup.in.
You are requested to inform your members accordingly.

Tue, 20 Jul 2021
Shareholding for the Period Ended June 30 2021
Macrotech Developers Ltd has submitted to BSE the Shareholding Pattern for the Period Ended June 30 2021. For more details kindly Click here

Technical Scans View Details

Fri, 23 Jul 2021
Strongly Outperforming Benchmark Index Strongly Outperforming Benchmark Index
Stochastic %K Crossing %D from Below Stochastic %K Crossing %D from Below
Stochastic In Overbought Zone Stochastic In Overbought Zone
NR 4 NR 4
NR 7 NR 7

Related Stocks View Details

Stock Name Market Cap(Rs. Cr.) LTP Chg %
DLF Ltd. 82,663.03 333.95 +1.1%
Godrej Properties Ltd. 43,383.32 1,560.70 +0.3%
Oberoi Realty Ltd. 25,395.80 698.45 +3.0%
The Phoenix Mills Ltd. 15,111.57 878.80 +2.2%
Prestige Estates Projects Ltd. 14,000.09 349.25 +1.5%
NBCC (India) Ltd. 9,063.00 50.35 -1.7%
Dilip Buildcon Ltd. 8,264.07 565.20 +0.2%
Stock Name Statement TTM Ending Price Earning Ratio(TTM) LTP Chg %
DLF Ltd. Consolidated 2021-03 75.59 333.95 +1.1%
Godrej Properties Ltd. Consolidated 2021-03 0.00 1,560.70 +0.3%
Oberoi Realty Ltd. Consolidated 2021-03 34.35 698.45 +3.0%
The Phoenix Mills Ltd. Consolidated 2021-03 287.25 878.80 +2.2%
Prestige Estates Projects Ltd. Consolidated 2021-03 9.61 349.25 +1.5%
NBCC (India) Ltd. Consolidated 2021-03 40.86 50.35 -1.7%
Dilip Buildcon Ltd. Consolidated 2021-03 31.00 565.20 +0.2%
Stock Name Statement TTM Ending Price To Book Value(TTM) LTP Chg %
DLF Ltd. Consolidated 2021-03 2.34 333.95 +1.1%
Godrej Properties Ltd. Consolidated 2021-03 5.22 1,560.70 +0.3%
Oberoi Realty Ltd. Consolidated 2021-03 2.71 698.45 +3.0%
The Phoenix Mills Ltd. Consolidated 2021-03 3.09 878.80 +2.2%
Prestige Estates Projects Ltd. Consolidated 2021-03 2.10 349.25 +1.5%
NBCC (India) Ltd. Consolidated 2021-03 5.54 50.35 -1.7%
Dilip Buildcon Ltd. Consolidated 2021-03 2.11 565.20 +0.2%
Stock Name Statement Year Ending Debt Equity Ratio LTP Chg %
DLF Ltd. Consolidated 2020-03 0.24 333.95 +1.1%
Godrej Properties Ltd. Consolidated 2021-03 0.54 1,560.70 +0.3%
Oberoi Realty Ltd. Consolidated 2021-03 0.16 698.45 +3.0%
The Phoenix Mills Ltd. Consolidated 2020-03 1.17 878.80 +2.2%
Prestige Estates Projects Ltd. Consolidated 2020-03 1.73 349.25 +1.5%
NBCC (India) Ltd. Consolidated 2020-03 0.00 50.35 -1.7%
Dilip Buildcon Ltd. Consolidated 2020-03 2.84 565.20 +0.2%
Stock Name Statement Year Ending Return On Equity(%) LTP Chg %
DLF Ltd. Consolidated 2020-03 -4.40 333.95 +1.1%
Godrej Properties Ltd. Consolidated 2021-03 -1.12 1,560.70 +0.3%
Oberoi Realty Ltd. Consolidated 2021-03 8.18 698.45 +3.0%
The Phoenix Mills Ltd. Consolidated 2020-03 9.95 878.80 +2.2%
Prestige Estates Projects Ltd. Consolidated 2020-03 11.35 349.25 +1.5%
NBCC (India) Ltd. Consolidated 2020-03 6.69 50.35 -1.7%
Dilip Buildcon Ltd. Consolidated 2020-03 13.50 565.20 +0.2%
Stock Name Statement Year Ending Return On Capital Employed(%) LTP Chg %
DLF Ltd. Consolidated 2020-03 4.46 333.95 +1.1%
Godrej Properties Ltd. Consolidated 2021-03 2.02 1,560.70 +0.3%
Oberoi Realty Ltd. Consolidated 2021-03 9.47 698.45 +3.0%
The Phoenix Mills Ltd. Consolidated 2020-03 10.48 878.80 +2.2%
Prestige Estates Projects Ltd. Consolidated 2020-03 13.50 349.25 +1.5%
NBCC (India) Ltd. Consolidated 2020-03 36.85 50.35 -1.7%
Dilip Buildcon Ltd. Consolidated 2020-03 15.18 565.20 +0.2%
Stock Name Statement Year Ending Net Sales(Rs. Cr.) LTP Chg %
DLF Ltd. Consolidated 2020-03 6,082.77 333.95 +1.1%
Godrej Properties Ltd. Consolidated 2021-03 764.92 1,560.70 +0.3%
Oberoi Realty Ltd. Consolidated 2021-03 2,052.58 698.45 +3.0%
The Phoenix Mills Ltd. Consolidated 2020-03 1,941.14 878.80 +2.2%
Prestige Estates Projects Ltd. Consolidated 2020-03 8,124.80 349.25 +1.5%
NBCC (India) Ltd. Consolidated 2020-03 8,087.07 50.35 -1.7%
Dilip Buildcon Ltd. Consolidated 2020-03 9,724.89 565.20 +0.2%
Stock Name Statement Year Ending Profit After Tax(Rs. Cr.) LTP Chg %
DLF Ltd. Consolidated 2020-03 -1,479.21 333.95 +1.1%
Godrej Properties Ltd. Consolidated 2021-03 -73.36 1,560.70 +0.3%
Oberoi Realty Ltd. Consolidated 2021-03 736.04 698.45 +3.0%
The Phoenix Mills Ltd. Consolidated 2020-03 355.88 878.80 +2.2%
Prestige Estates Projects Ltd. Consolidated 2020-03 544.20 349.25 +1.5%
NBCC (India) Ltd. Consolidated 2020-03 99.01 50.35 -1.7%
Dilip Buildcon Ltd. Consolidated 2020-03 404.74 565.20 +0.2%