Mac Charles (india) Limited
Mac Charles (India) Limited (MCIL) is in the business of real estate development and wind power generation. The company is incorporated in 1979 and based out of Bangalore and is promoted by Embassy Group which holds 73.41 percent of the shares of MCI...
Key Metrics
EPS
-50.53
Current ratio
21.26
Debt/Equity
4.80
Debt/EBITDA
153.80
Interest coverage ratio
0.05
Operating Cashflow to total debt
-0.02
Financials
Pros & Cons
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Here's what we like about this company and potential risks we have identified.
Pros
Established presence of Embassy group in the commercial real estate segment
Premium location and amenities of both the projects
Moderate financial risk profile
Liquidity : Adequate
Cons
Susceptibility to cyclicality and regulatory risks impacting real estate industry
High Project Risk
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About Mac Charles (india) Limited bond.
This comprehensive profile covers key factual information about Mac Charles (india) Limited. Mac Charles (India) Limited (MCIL) is in the business of real estate development and wind power generation. The company is incorporated in 1979 and based out of Bangalore and is promoted by Embassy Group which holds 73.41 percent of the shares of MCIL through Embassy Property Developments Private Limited. The company owns commercial real estate assets in Bangalore, Kerala and 5 wind power generation units in Bellary. Currently, the Company is redeveloping the erstwhile Le Meriden Hotel site in CBD Bangalore into a landmark A-Grade commercial office building under the project named – Embassy Zenith. MCIL, has recently initiated another project under its 100 percent wholly owned subsidiary named ‘Embassy Hub projects Private Limited’ to acquire land parcels (a mix of outright acquisition and JDA) followed by construction of commercial space for leasing. The Company has divested its stake in one of its 100 percent wholly owned subsidiary - Airport Golfview Hotels & Suites Private Limited which operated Airport Golf View Hotel in Cochin. Embassy Group was incorporated in 1993 by Mr. Jitendra Virwani. The group is one of the leading real estate developers. The group has developed 55+ Million Sq. Ft. In its legacy of expertise spanning 25 years, Embassy Group has covered the entire value chain of real estate from land acquisition to the development, marketing and operation of assets. In addition, the Embassy group owns properties in the hospitality segment as well. It also has an extensive land bank of 1000+ acres across India. The operation spread across Indian and international markets that include Bangalore, Chennai, Pune, Coimbatore, Trivandrum, Serbia and Malaysia. The group from time to time partners with several established market players like, Blackstone,Warburg Pincus, Taurus Investments as well as different financial institutions to execute projects. EPS in Mar-2024 was -50.53. Current ratio in Mar-2024 was 21.26. Debt/Equity in Mar-2024 was 4.80. Debt/EBITDA in Mar-2024 was 153.80. Interest coverage ratio in Mar-2024 was 0.05. Operating Cashflow to total debt in Mar-2024 was -0.02. Total revenue for Mar-2025(E) was ₹64.33. Net income for Mar-2025(E) stood at ₹-21.73. Total assets as of Mar-2024 were ₹1,021.08. Operating cash flow for Mar-2024 was ₹-20.65. Peers and comparison entities consist of Mac Charles (india) Limited, Indian Hotels Company Limited, EIH Limited, Chalet Hotels Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Established presence of Embassy group in the commercial real estate segment; Premium location and amenities of both the projects; Moderate financial risk profile; Liquidity : Adequate . Key risks include: Susceptibility to cyclicality and regulatory risks impacting real estate industry; High Project Risk. Leadership team details include Mr.Ankit Shah (Chief Financial Officer), Chandana Naidu (Company secretary and compliance officer), Richa Saxena (Company secretary and compliance officer), Mr.P R Ramakrishnan (Director), Mr.Aditya Virwani (Director), Mr.P B Appiah (Independent Director), Ms.Tanya John (Independent Director), Mr.Bijoy Das (Independent Director), Mr.Harish Anand (Whole Time Director). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.