Macrotech Developers (BSE:543287) - Share price, News & Analysis

543287 fundamental analysis
Snowflake Score
Valuation	0/6
Future Growth	3/6
Past Performance	4/6
Financial Health	4/6
Dividends	0/6

543287 Stock Overview

Macrotech Developers Limited, through its subsidiaries, engages in the construction and development of residential and commercial real estate properties in India and the United Kingdom.

Rewards

Earnings are forecast to grow 23.5% per year

Earnings grew by 2894.2% over the past year

Risk Analysis

Debt is not well covered by operating cash flow

Shareholders have been diluted in the past year

Macrotech Developers Competitors

Godrej Properties

NSEI:GODREJPROP

₹393.9b

Oberoi Realty

NSEI:OBEROIRLTY

₹303.1b

Prestige Estates Projects

BSE:533274

₹179.4b

Sobha

BSE:532784

₹52.4b

Price History & Performance

Summary of all time highs, changes and price drops for Macrotech Developers
Historical stock prices
Current Share Price	₹909.25
52 Week High	₹1,538.65
52 Week Low	₹605.05
Beta	0
1 Month Change	-17.05%
3 Month Change	-28.09%
1 Year Change	43.14%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	96.32%

Shareholder Returns

	543287	IN Real Estate	IN Market
7D	1.5%	3.4%	0.7%
1Y	43.1%	40.2%	10.6%

Return vs Industry: 543287 exceeded the Indian Real Estate industry which returned 40.2% over the past year.

Return vs Market: 543287 exceeded the Indian Market which returned 10.6% over the past year.

Price Volatility

Is 543287's price volatile compared to industry and market?
543287 volatility
543287 Average Weekly Movement	8.3%
Real Estate Industry Average Movement	7.9%
Market Average Movement	7.2%
10% most volatile stocks in IN Market	10.0%
10% least volatile stocks in IN Market	4.8%

Stable Share Price: 543287 is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 8% a week.

Volatility Over Time: 543287's weekly volatility (8%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1980	2,717	Abhishek Mangal Lodha	https://www.lodhagroup.in

Macrotech Developers Limited, through its subsidiaries, engages in the construction and development of residential and commercial real estate properties in India and the United Kingdom. Its residential portfolio includes affordable, mid-income, and premium and luxury housing projects; and commercial portfolio comprises office and retail projects. The company also develops industrial and logistics parks.

Macrotech Developers Fundamentals Summary

How do Macrotech Developers's earnings and revenue compare to its market cap?
543287 fundamental statistics
Market Cap	₹444.69b
Earnings (TTM)	₹12.02b
Revenue (TTM)	₹92.33b

36.4x

P/E Ratio

4.7x

P/S Ratio

Is 543287 overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
543287 income statement (TTM)
Revenue	₹92.33b
Cost of Revenue	₹60.63b
Gross Profit	₹31.71b
Other Expenses	₹19.68b
Earnings	₹12.02b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	24.97
Gross Margin	34.34%
Net Profit Margin	13.02%
Debt/Equity Ratio	94.9%

How did 543287 perform over the long term?

See historical performance and comparison

Valuation

Is Macrotech Developers undervalued compared to its fair value and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

Below Fair Value
Significantly Below Fair Value
PE vs Industry
PE vs Market
PEG Ratio
PB vs Industry

36.42x

Price to Earnings (PE) ratio

Share Price vs. Fair Value

Below Fair Value: 543287 (₹909.25) is trading above our estimate of fair value (₹516.97)

Significantly Below Fair Value: 543287 is trading above our estimate of fair value.

Price To Earnings Ratio

PE vs Industry: 543287 is poor value based on its PE Ratio (36.4x) compared to the Indian Real Estate industry average (27.5x).

PE vs Market: 543287 is poor value based on its PE Ratio (36.4x) compared to the Indian market (20.6x).

Price to Earnings Growth Ratio

PEG Ratio: 543287 is poor value based on its PEG Ratio (1.5x)

Price to Book Ratio

PB vs Industry: 543287 is overvalued based on its PB Ratio (3.6x) compared to the IN Real Estate industry average (1.2x).

Future Growth

How is Macrotech Developers forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

Future Growth Score

3/6

Future Growth Score 3/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

23.5%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings vs Savings Rate: 543287's forecast earnings growth (23.5% per year) is above the savings rate (6.7%).

Earnings vs Market: 543287's earnings (23.5% per year) are forecast to grow faster than the Indian market (18.6% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 543287's revenue (7.9% per year) is forecast to grow slower than the Indian market (11.9% per year).

High Growth Revenue: 543287's revenue (7.9% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: 543287's Return on Equity is forecast to be low in 3 years time (13.6%).

Past Performance

How has Macrotech Developers performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

-10.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 543287 has high quality earnings.

Growing Profit Margin: 543287's current net profit margins (13%) are higher than last year (0.7%).

Past Earnings Growth Analysis

Earnings Trend: 543287's earnings have declined by 10.3% per year over the past 5 years.

Accelerating Growth: 543287's earnings growth over the past year (2894.2%) exceeds its 5-year average (-10.3% per year).

Earnings vs Industry: 543287 earnings growth over the past year (2894.2%) exceeded the Real Estate industry 19.8%.

Return on Equity

High ROE: 543287's Return on Equity (9.9%) is considered low.

Financial Health

How is Macrotech Developers's financial position?

Financial Health Score

4/6

Financial Health Score 4/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: 543287's short term assets (₹337.6B) exceed its short term liabilities (₹230.2B).

Long Term Liabilities: 543287's short term assets (₹337.6B) exceed its long term liabilities (₹32.9B).

Debt to Equity History and Analysis

Debt Level: 543287's net debt to equity ratio (81.4%) is considered high.

Reducing Debt: 543287's debt to equity ratio has reduced from 388% to 94.9% over the past 5 years.

Debt Coverage: 543287's debt is not well covered by operating cash flow (17.3%).

Interest Coverage: 543287's interest payments on its debt are well covered by EBIT (3x coverage).

Balance Sheet

Dividend

What is Macrotech Developers's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Future Dividend Coverage

0.37%

Forecast Dividend Yield

Dividend Yield vs Market

Notable Dividend: Unable to evaluate 543287's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 543287's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 543287's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 543287's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 543287 has not reported any payouts.

Next Steps

Explore strong dividend paying companies in the Real Estate industry.

Management

How experienced are the management team and are they aligned to shareholders interests?

2.1yrs

Average management tenure

CEO

Abhishek Mangal Lodha (42 yo)

6.17yrs

Tenure

₹24,000,000

Compensation

Mr. Abhishek Mangal Prabhat Lodha serves as Managing Director of Lodha Group. Mr. Lodha has been Managing Director of Macrotech Developers Limited since March 9, 2016 and also has been its Chief Executive...

CEO Compensation Analysis

Compensation vs Market: Abhishek Mangal's total compensation ($USD309.82K) is below average for companies of similar size in the Indian market ($USD804.27K).

Compensation vs Earnings: Abhishek Mangal's compensation has increased by more than 20% in the past year.

Leadership Team

Experienced Management: 543287's management team is considered experienced (2.1 years average tenure).

Board Members

Experienced Board: 543287's board of directors are considered experienced (5.5 years average tenure).

Ownership

Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.7%.

Data	Last Updated (UTC time)
Company Analysis	2022/05/18 00:00
End of Day Share Price	2022/05/18 00:00
Earnings	2022/03/31
Annual Earnings	2022/03/31