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Mahindra Lifespace Developers Q2 FY27 Share Price & Earnings Call Analysis

₹317.25+2.11% today
Market cap
₹6,774 Cr
P/E
21.80
ROE
9.91%
PEG
0.21
Price to sales
3.23
Debt to equity
0.18
52W high / low
₹422 / ₹294
Sales growth (5Y)
47.94%
EBITDA margin
1.32%
Net profit margin
23.23%
Promoter holding
52.41%
Sales (last year)
₹2,108 Cr

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]

Guidance scorecard · Q2 FY27 call

What Mahindra Lifespace Developers Ltd's management guided
and where it ranks in Realty

#32of 41 in
Realty
Revenue10–20%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookRising

RevenueQ1 FY27 call

10–20%
  • Expecting ₹4,500-₹5,000 crore of pre-sales in FY27, with sustenance mix of 60%.
  • Launch pipeline for FY27 estimated around ₹6,700-₹7,000 crore, including new projects like Rainforest.
  • Business development (BD) deals expected between ₹10,000-₹20,000 crore this year, focusing on the right deals for shareholder returns rather than chasing specific numbers.
  • Volume growth anticipated despite slower pricing growth; residential market growth expected at 4-6% annually versus past highs of 7-8% or 20%.
  • Industrial & commercial (IC) business projected to generate ₹150-₹200 crore PAT annually and ₹200-₹250 crore cash flow per annum from existing parks.

2 more points from Mahindra Lifespace Developers Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Mahindra Lifespace Developers Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Mahindra Lifespace is accelerating land aggregation at Origins, Pune to create a healthy size of industrial park, indicating ongoing capital investment in land acquisition.
  • Origin, Ahmedabad is awaiting a right commercial anchor client, showing strategic patience in client acquisition for land utilization.
  • New project launches are planned, including the Mahalakshmi project with sales starting early August, and a significant greenfield project, K2 Kandivali (₹5,600 crore GDV), in approval and design phases targeted for launch within 12-15 months, implying…

2 more points from Mahindra Lifespace Developers Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what Mahindra Lifespace Developers Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Rising
  • Mahindra Lifespace Developers reported a total project portfolio with a Gross Development Value (GDV) of approximately ₹50,000 crores.
  • Recent major deal includes a Kandivali land parcel acquisition (~15 acres) with GDV of around ₹5,600 crores.
  • Current project portfolio has a cash flow expectation of about ₹15,300 crores (excluding some Jaipur residential and Murud land).
  • New project launches planned for the year include Mahalunge, Lakewoods, Sai Baba, Navaratna, and West Era expected in H2.
  • Residential pre-sales guidance for FY27 is between ₹4,500-₹5,000 crores, with sustenance sales contributing about 60%.

2 more points from Mahindra Lifespace Developers Ltd's call on the order book

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Full Q1 FY27 analysis
Full Realty ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Realty
on management's own guidance

  1. Sobha LtdGood growth
    2
  2. Strong growth
    1
  3. Man Infraconstruction LtdGood growth
    3
See all potential multibaggersWhere does Mahindra Lifespace Developers Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Realty companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Flat₹12,035 Cr41.1
2Sobha Ltd20–40%Up 2%+₹12,548 Cr54.4
3Man Infraconstruction Ltd20–40%Up 2%+₹4,602 Cr21.2
420–40%Up 2%+₹1,157 Cr12.7
520–40%Flat₹1.06L Cr25.6
620–40%Flat₹61,922 Cr23.4

Sign up free to see every company in the sector ranking and track Mahindra Lifespace Developers Ltd.

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Financials of Mahindra Lifespace Developers Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Mahindra Lifespace Developers Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +51.18%51.17%51.16%51.15%51.15%51.14%52.43%52.42%52.41%52.41%52.41%52.40%
FIIs +8.53%9.12%9.74%9.82%9.99%9.55%8.70%8.12%7.81%7.64%7.38%7.35%
DIIs +23.18%22.24%21.26%20.91%20.70%20.11%21.82%22.45%22.83%22.86%22.77%22.81%
Public +17.10%17.47%17.84%18.12%18.15%19.20%17.05%17.00%16.93%17.08%17.44%17.45%
No. of Shareholders97,9671,06,6301,09,4711,11,0371,12,3861,15,8551,18,2041,20,8081,19,5601,17,6891,27,8211,23,693

Financials of Mahindra Lifespace Developers Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +18821418881679321845967096232
Expenses +53121682305519364877042971486887
Operating Profit-35-39-54-42-48-25-55-55-5230-4494-55
OPM %-196%-48%-379%-22%-627%-15%-597%-172%-299%6%-7%10%-170%
Other Income +88211955452814910711210713724114
Interest0036742422325
Depreciation3444446676655
Profit before tax-3039593-14-58742511298411150
Tax %-36%-28%-22%-314%0%336%2%-23%6%16%-7%23%67%
Net Profit +-19507113-14-22855148109908616
EPS in Rs-0.892.353.360.60-0.66-1.053.992.402.255.104.224.010.77

Financials of Mahindra Lifespace Developers Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +1,0865937625665936111663946072123721,1782,123
Expenses +6625087125095676922604817173835421,3002,098
Operating Profit42486505726-81-94-88-110-171-170-12125
OPM %39%14%7%10%4.4%-13%-56%-22%-18%-81%-46%-10%1.2%
Other Income +6192113123134-10034200239246277462383
Interest51362041128117117191113
Depreciation1345448771214182421
Profit before tax421138139135143-196-78991065470306374
Tax %33%31%24%23%17%-1%-8%-63%3%-81%13%3%
Net Profit +28395106103119-195-711621039861298301
EPS in Rs12.594.344.834.775.65-9.13-3.387.274.774.612.8713.9714.10
Dividend Payout %18%27%24%30%26%0%0%20%35%42%71%25%

Financials of Mahindra Lifespace Developers Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital41414151515151155155155155213213
Reserves1,4341,5891,6592,0081,8781,6501,5801,6341,6511,7181,7413,4143,446
Borrowings +1,2387846524592282372452862688771,439662639
Other Liabilities +8965965354818366036979631,5372,1993,0854,0064,154
Total Liabilities3,6093,0102,8862,9982,9942,5422,5733,0373,6114,9496,4218,2958,452
Fixed Assets +35477100959598911033724262733
CWIP818910121535551020
Investments2228167429266885485586229059149041,2691,170
Other Assets +3,0262,1162,0361,9672,2011,8831,9092,3082,6644,0065,4866,9887,228
Total Assets3,6093,0102,8862,9982,9942,5422,5733,0373,6114,9496,4218,2958,452

Financials of Mahindra Lifespace Developers Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +300-17470194168-63-68-52-148-661-542-545
Cash from Investing Activity +42106141-1802888811012326214273-145
Cash from Financing Activity +-336139-255-40-370-67-2012-27489416531
Net Cash Flow672-44-2585-422383-14942147-159
Free Cash Flow250-17758193164-66-71-53-162-677-556-563
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit101%-145%172%369%753%61%59%39%124%384%298%415%

Financials of Mahindra Lifespace Developers Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days163936948568124857818413671
Inventory Days
Days Payable
Cash Conversion Cycle163936948568124857818413671
Working Capital Days7146965146305475691,9397243942,2381,237420
ROCE %17%7%7%7%6%-3%-3%1%2%2%2%8%

Guidance history

How Mahindra Lifespace Developers Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%FlatPlanned—Rising
Q4 FY26 call →20–40%FlatPlannedPlannedRising
Q3 FY26 call →20–40%FlatPlanned—Rising
Q2 FY26 call →20–40%FlatPlannedPlannedRising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

18out of 100

Momentum score · price trend

18 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−18.1%39%
Last 6 months−6.8%42%
Last 3 months−17.7%22%

The price is 48.1% below its all-time high of ₹611.84 (26 Apr 2024). Stocks more than 20% below their peak have their score halved, so 37 became 18.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Mahindra Lifespace Developers Ltd: 0.4 × 39 + 0.4 × 42 + 0.2 × 22 = 37, halved to 18 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

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