MAHLIFE

Mahindra Lifespace Developers Limited

Integrated cities and premium residential communities developer under Mahindra Group

Consumer Discretionary›Realty›Realty›Residential, Commercial Projects

mahindralifespaces.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹350.00
Market cap
7,465 Cr
Stock P/E
22.5
P/B
2.06
Dividend yield
0.8%
ROE (FY26)
8.2%
ROCE (FY26)
7.4%
Operating margin (FY26)
-12.3%
Debt / equity (FY26)
0.18

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Mahindra Lifespaces (Mahindra Lifespace Developers) builds and sells residential apartments in Indian cities, and it is part of the Mahindra Group.

Company snapshot

16thBy market cap

Ranked among 79 companies in Residential, Commercial Projects.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 99.0% of revenue

SegmentRevenue shareRevenuePBTAssets
Operating of commercial complexes
1.0%
3 Cr20 Cr—
Projects, project management and development
99.0%
360 Cr108 Cr—

What we see

Positives
  • ✓Net margin of 25.3% — the business keeps a healthy share of every rupee it earns.
Concerns
  • ✗Interest coverage of -13.3x — earnings barely cover interest payments, which is a warning sign.
1 more signal from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales18 Cr82 Cr14 Cr188 Cr8 Cr167 Cr9 Cr32 Cr18 Cr459 Cr670 Cr962 Cr
Operating expenses (approx.)53 Cr121 Cr68 Cr230 Cr55 Cr193 Cr64 Cr87 Cr70 Cr429 Cr714 Cr868 Cr
EBITDA-35 Cr-39 Cr-54 Cr-42 Cr-48 Cr-25 Cr-55 Cr-55 Cr-52 Cr30 Cr-44 Cr94 Cr
OPM %-196.5%-47.5%-378.6%-22.1%-626.9%-15.2%-597.2%-172.1%-298.8%6.5%-6.6%9.8%
Other income8 Cr7 Cr40 Cr19 Cr8 Cr18 Cr46 Cr9 Cr16 Cr10 Cr54 Cr15 Cr
Interest0.24 Cr0.33 Cr3 Cr6 Cr7 Cr4 Cr2 Cr4 Cr2 Cr2 Cr3 Cr2 Cr
Depreciation3 Cr4 Cr4 Cr4 Cr4 Cr4 Cr6 Cr6 Cr7 Cr6 Cr6 Cr5 Cr
Profit before tax-30 Cr39 Cr59 Cr3 Cr-14 Cr-5 Cr87 Cr42 Cr51 Cr129 Cr84 Cr111 Cr
Tax %36.4%-28.0%-22.0%-313.6%-0.1%-336.3%1.7%-23.2%5.6%15.9%-7.0%22.9%
Net profit-19 Cr50 Cr71 Cr13 Cr-14 Cr-22 Cr85 Cr51 Cr48 Cr109 Cr90 Cr86 Cr
EPS (₹)₹-1.22₹3.23₹4.62₹0.82₹-0.90₹-1.45₹5.49₹2.93₹2.47₹5.43₹4.42₹4.01

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales762 Cr566 Cr593 Cr611 Cr166 Cr394 Cr607 Cr212 Cr372 Cr1,178 CrSign in free for the trailing twelve months
Operating expenses (approx.)712 Cr509 Cr567 Cr668 Cr260 Cr483 Cr717 Cr383 Cr542 Cr1,300 CrSign in free for the trailing twelve months
EBITDA50 Cr57 Cr26 Cr-57 Cr-93 Cr-89 Cr-110 Cr-171 Cr-170 Cr-122 CrSign in free for the trailing twelve months
OPM %6.6%10.1%4.4%-9.3%-56.2%-22.7%-18.2%-80.7%-45.6%-10.3%Sign in free for the trailing twelve months
Other income69 Cr78 Cr61 Cr35 Cr22 Cr15 Cr53 Cr67 Cr92 Cr88 CrSign in free for the trailing twelve months
Interest20 Cr41 Cr12 Cr8 Cr11 Cr7 Cr11 Cr7 Cr19 Cr11 CrSign in free for the trailing twelve months
Depreciation5 Cr4 Cr4 Cr8 Cr7 Cr7 Cr12 Cr14 Cr18 Cr24 CrSign in free for the trailing twelve months
Profit before tax139 Cr135 Cr143 Cr-196 Cr-78 Cr99 Cr106 Cr54 Cr71 Cr306 CrSign in free for the trailing twelve months
Tax %23.8%23.2%17.2%0.9%8.1%-62.9%2.7%-81.1%13.0%2.6%Sign in free for the trailing twelve months
Net profit106 Cr103 Cr119 Cr-195 Cr-71 Cr162 Cr103 Cr98 Cr61 Cr298 CrSign in free for the trailing twelve months
EPS (₹)₹23.08₹19.93₹23.32₹-37.66₹-13.96₹10.48₹6.56₹6.34₹3.95₹14.64Sign in free for the trailing twelve months
Dividend payout %—————0.2%30.2%36.3%67.1%20.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital41 Cr51 Cr51 Cr51 Cr51 Cr155 Cr155 Cr155 Cr155 Cr213 Cr
Reserves1,659 Cr2,008 Cr1,878 Cr1,650 Cr1,580 Cr1,634 Cr1,651 Cr1,718 Cr1,741 Cr3,414 Cr
Borrowings477 Cr234 Cr203 Cr207 Cr243 Cr280 Cr265 Cr873 Cr1,432 Cr645 Cr
Other liabilities667 Cr661 Cr817 Cr592 Cr656 Cr919 Cr1,540 Cr2,217 Cr3,093 Cr4,023 Cr
Total liabilities2,886 Cr2,998 Cr2,994 Cr2,542 Cr2,573 Cr3,037 Cr3,611 Cr4,963 Cr6,421 Cr8,295 Cr
Fixed assets (net)9 Cr7 Cr8 Cr11 Cr4 Cr17 Cr14 Cr24 Cr25 Cr26 Cr
CWIP8 Cr9 Cr10 Cr12 Cr15 Cr3 Cr5 Cr5 Cr5 Cr10 Cr
Investments742 Cr926 Cr709 Cr569 Cr579 Cr642 Cr925 Cr914 Cr904 Cr1,269 Cr
Loans & advances——20 Cr63 Cr85 Cr77 Cr18 Cr31 Cr0 Cr0 Cr
Inventories1,171 Cr912 Cr1,345 Cr1,204 Cr1,345 Cr1,442 Cr2,098 Cr3,378 Cr4,462 Cr5,175 Cr
Trade receivables76 Cr145 Cr137 Cr114 Cr56 Cr92 Cr129 Cr107 Cr139 Cr228 Cr
Cash & bank75 Cr50 Cr135 Cr92 Cr115 Cr198 Cr49 Cr91 Cr238 Cr79 Cr
Other assets803 Cr948 Cr630 Cr475 Cr374 Cr565 Cr373 Cr413 Cr648 Cr1,506 Cr
Total assets2,886 Cr2,998 Cr2,994 Cr2,542 Cr2,573 Cr3,037 Cr3,611 Cr4,963 Cr6,421 Cr8,295 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity70 Cr194 Cr168 Cr-63 Cr-68 Cr-52 Cr-148 Cr-661 Cr-542 Cr-545 Cr
Cash from investing141 Cr-180 Cr288 Cr88 Cr110 Cr123 Cr28 Cr214 Cr273 Cr-145 Cr
Cash from financing-255 Cr-40 Cr-370 Cr-67 Cr-20 Cr12 Cr-28 Cr489 Cr416 Cr531 Cr
Net cash flow-44 Cr-25 Cr85 Cr-42 Cr23 Cr83 Cr-149 Cr42 Cr147 Cr-159 Cr
Free cash flow (OCF − Capex)58 Cr190 Cr162 Cr-66 Cr-72 Cr-65 Cr-162 Cr-677 Cr-557 Cr-563 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %7.2%7.5%7.2%-9.7%-3.5%5.0%5.6%2.2%2.7%7.4%
ROE %5.9%4.9%6.1%-11.2%-4.3%8.4%5.6%5.2%3.2%8.2%
Debtor days36938468124857718413670
Inventory days5598448267192944133414868421190858
Days payable9718011576295160136496280
Cash conversion cycle4997577957122772125814289781263849
OCF / EBITDA %138.3%338.6%648.3%———————
OCF / EBITDA % (3 years)——323.0%n.m.——————
Debt / equity0.280.110.110.120.150.160.150.470.760.18
Current ratio2.682.682.222.502.251.891.521.601.441.43
Net debt / EBITDA7.98—2.66———————