Macrotech Developers Limited
Macrotech Developers Limited, formerly known as Lodha Developers Limited, is one of the largest real estate developers in India with a market leader position in Mumbai and Thane. MDL is focused on residential development in the MMR, with some project...
Key Metrics
EPS
15.58
Current ratio
1.62
Debt/Equity
1.69
Debt/EBITDA
17.40
Interest coverage ratio
0.19
Operating Cashflow to total debt
0.09
Financials
Pros & Cons
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Here's what we like about this company and potential risks we have identified.
Pros
Healthy pre-sales backed by diversified portfolio across product segments; expected improvement in operating performance in FY2025 and FY2026
Comfortable leverage position
Leading real estate developer with track record of 40 years, mainly in MMR
Liquidity position: Strong
Cons
Large expansion plans exposing MDL to execution and market risks
Susceptibility to cyclicality and regulatory risks in real estate sector
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About Macrotech Developers Limited bond.
This comprehensive profile covers key factual information about Macrotech Developers Limited. Macrotech Developers Limited, formerly known as Lodha Developers Limited, is one of the largest real estate developers in India with a market leader position in Mumbai and Thane. MDL is focused on residential development in the MMR, with some projects in Pune and Bengaluru. The company was listed on the Bombay Stock Exchange (BSE) on April 16, 2021. As of September 2024, it developed more than 100 msf and had ~33 msf of the ongoing developable area and 83 msf of planned developable area. The company has one of the largest land banks in the country, totalling over 4,200 acres as of September 2024. EPS in Mar-2024 was 15.58. Current ratio in Mar-2024 was 1.62. Debt/Equity in Mar-2024 was 1.69. Debt/EBITDA in Mar-2024 was 17.40. Interest coverage ratio in Mar-2024 was 0.19. Operating Cashflow to total debt in Mar-2024 was 0.09. Total revenue for Mar-2025 (E) was ₹12388.59. Net income for Mar-2025 (E) stood at ₹1772.59. Total assets as of Mar-2024 were ₹47,197.50. Operating cash flow for Mar-2024 was ₹2,512.30. The company’s borrowing relationships include Kotak Mahindra Bank Limited (₹N/A Cr), Standard Chartered Bank (₹N/A Cr), Bajaj Housing Finance Limited (₹N/A Cr), Bajaj Housing Finance Limited (₹N/A Cr), Standard Chartered Bank (₹N/A Cr), (₹N/A Cr). Peers and comparison entities consist of Macrotech Developers Limited, DLF Limited, Godrej Properties Limited, Oberoi Realty Limited. As of Dec 2024, promoters hold N/A% while others hold N/A% of equity. Key strengths include: Healthy pre-sales backed by diversified portfolio across product segments; expected improvement in operating performance in FY2025 and FY2026; Comfortable leverage position; Leading real estate developer with track record of 40 years, mainly in MMR; Liquidity position: Strong. Key risks include: Large expansion plans exposing MDL to execution and market risks; Susceptibility to cyclicality and regulatory risks in real estate sector. Leadership team details include Abhishek Mangal Prabhat Lodha (Managing Director & CEO), Ashwani Kumar (Independent Director), Harita Gupta (Independent Director), Lee Polisano (Independent Director), Mukund Manohar Chitale (Chairman & Ind.Director), Rajeev Bakshi (Independent Director), Rajendra Narpatmal Lodha (Whole Time Director), Rajinder Pal Singh (Non Executive Director), Raunika Malhotra (Whole Time Director), Sanjyot Rangnekar (Company Secretary & Compliance Officer), Shaishav Dharia (Whole Time Director), Sushil Kumar Modi (Chief Financial Officer). This detailed corporate overview is structured to provide a thorough understanding of all available data points, enhance search visibility, and support investor analysis.