Macrotech Developers Limited (LODHA.NS) Bundle
A Brief History of Macrotech Developers Limited
Macrotech Developers Limited, formerly known as Lodha Developers, was established in 1995 by Mangal Prabhat Lodha. Headquartered in Mumbai, India, the company has grown to become one of the largest real estate developers in the country. Over the years, it has focused on residential, commercial, and retail projects across various cities.
In 2021, Macrotech Developers Limited made its debut on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) through an initial public offering (IPO) that raised approximately ₹2,500 crore. The IPO was subscribed 27 times, indicating substantial investor interest.
As of March 2023, Macrotech Developers has delivered over 35 million square feet of real estate, with a focus on affordable and premium housing segments. The company operates under several prominent brands, including Lodha, which is synonymous with high-quality residential developments.
In the financial year ending March 2023, Macrotech reported revenue of ₹10,160 crore, a notable increase from ₹8,500 crore in the previous fiscal year. The net profit for the same period was ₹1,605 crore, reflecting a robust growth trajectory.
The following table summarizes key financial metrics over recent fiscal years:
| Fiscal Year | Revenue (₹ Crore) | Net Profit (₹ Crore) | EPS (₹) | Debt to Equity Ratio |
|---|---|---|---|---|
| 2023 | 10,160 | 1,605 | 19.90 | 0.42 |
| 2022 | 8,500 | 1,200 | 15.00 | 0.50 |
| 2021 | 6,900 | 800 | 10.50 | 0.60 |
Macrotech Developers has also been recognized for its commitment to sustainability. The company has launched several green building projects, earning certifications from internationally recognized bodies. As of 2023, over 70% of its new projects are being developed with sustainable practices in mind.
In 2023, the company announced a growth strategy aiming to increase its revenue target to ₹15,000 crore by 2025, highlighting continued demand in both residential and commercial sectors. Recent initiatives have included the launch of new projects valued at approximately ₹10,000 crore in various locations across India.
Overall, Macrotech Developers Limited continues to play a significant role in shaping the real estate landscape in India, with plans to expand its footprint and enhance shareholder value.
A Who Owns Macrotech Developers Limited
Macrotech Developers Limited, formerly known as Lodha Developers, is a prominent player in the Indian real estate sector. As a publicly traded company, it is listed on the Bombay Stock Exchange (BSE) under the ticker symbol MACD and on the National Stock Exchange (NSE) under the same symbol.
As of October 2023, the ownership structure of Macrotech Developers is characterized by a mix of institutional and retail investors, with a significant portion held by the promoter group.
- Promoter Holding: Approximately 42.9%
- Foreign Institutional Investors (FIIs): About 8.3%
- Domestic Institutional Investors (DIIs): Roughly 1.3%
- Public Float: Near 47.5%
The promoter group, led by Mr. Abhishek Lodha, has been instrumental in the growth and strategic direction of the company. The Lodha family has a long history in real estate development, and their holdings reflect a robust commitment to the business.
Macrotech Developers has seen fluctuations in shareholding patterns in recent years, influenced by market conditions and investor sentiment. The following table summarizes the latest shareholding pattern as of the second quarter of fiscal year 2023:
| Category | Holdings (%) | No. of Shares (Approx.) |
|---|---|---|
| Promoters | 42.9% | 157,000,000 |
| FIIs | 8.3% | 30,900,000 |
| DIIs | 1.3% | 4,800,000 |
| Public | 47.5% | 176,000,000 |
In terms of financial performance, for the fiscal year ending March 2023, Macrotech Developers reported a total revenue of approximately ₹8,250 crore, with a net profit of around ₹1,200 crore. This shows a robust growth trajectory, which is partially driven by a recovery in the real estate market and strategic project completions.
With a market capitalization estimated at ₹32,000 crore as of October 2023, Macrotech Developers remains a significant entity within the Indian real estate sector, attracting attention from both domestic and international investors.
Macrotech Developers Limited Mission Statement
Macrotech Developers Limited, a prominent player in the real estate sector in India, focuses on creating sustainable and innovative residential and commercial properties. Their mission statement emphasizes commitment to quality, customer satisfaction, and environmental sustainability.
As of the fiscal year 2023, Macrotech Developers reported revenues of ₹6,829 crores, up from ₹5,285 crores in FY 2022, reflecting a growth of 29.2% year-on-year.
The company aims to enhance the quality of life for its clients by providing premium real estate solutions, adhering to global standards of construction, and integrating innovative technology in its projects.
| FY | Total Revenue (₹ crores) | Net Profit (₹ crores) | EBITDA Margin (%) |
|---|---|---|---|
| 2021 | 4,776 | 287 | 12% |
| 2022 | 5,285 | 516 | 14.5% |
| 2023 | 6,829 | 849 | 15.7% |
The company's vision reflects its dedication to creating modern living spaces that meet the evolving needs of urban dwellers. Macrotech Developers aims to set benchmarks in terms of quality while ensuring that its projects adhere to sustainable practices.
Furthermore, Macrotech's commitment to customer satisfaction is evident in their customer-centric approach. During FY 2023, they achieved a customer satisfaction score of 85%, demonstrating their focus on delivering value and building lasting relationships with clients.
As part of their mission, Macrotech Developers also emphasizes community development. The company has invested over ₹100 crores in various CSR initiatives in the past two years, contributing to education, health, and environmental sustainability programs.
Macrotech Developers is listed on the Bombay Stock Exchange (BSE) under the symbol MAcrotech and has consistently shown robust performance in the stock market. The stock price has seen a 15% increase year-to-date in 2023, reflecting investor confidence in the company’s strategic direction.
In summary, the mission statement of Macrotech Developers Limited encapsulates their core philosophy of delivering high-quality real estate solutions while maintaining a focus on sustainability and customer-centric practices.
How Macrotech Developers Limited Works
Macrotech Developers Limited, formerly known as Lodha Developers, operates primarily in the real estate sector in India. It focuses on residential, commercial, and infrastructure development. The company is known for executing large-scale projects with a commitment to quality and sustainability.
As of March 31, 2023, Macrotech Developers reported a consolidated revenue of ₹11,185 crore, showcasing a significant increase from ₹8,161 crore in the previous fiscal year. The EBITDA for the same period was recorded at ₹3,373 crore, translating to an EBITDA margin of approximately 30.2%.
Macrotech's net profit for FY 2023 stood at ₹2,450 crore, a robust growth compared to ₹1,736 crore in FY 2022. This improvement reflects the company's effective cost management and operational efficiency.
| Financial Metric | FY 2023 | FY 2022 | % Change |
|---|---|---|---|
| Revenue | ₹11,185 crore | ₹8,161 crore | 37.5% |
| EBITDA | ₹3,373 crore | ₹2,261 crore | 49.2% |
| Net Profit | ₹2,450 crore | ₹1,736 crore | 41.0% |
The company has a diversified portfolio, with approximately 60% of its revenue coming from Mumbai, Maharashtra, and the remaining from other key locations across India. As part of its strategic growth plan, Macrotech aims to expand its footprint in tier-1 and tier-2 cities where the demand for residential housing is increasing.
In terms of debt management, Macrotech Developers has reduced its net debt to equity ratio to 0.31 as of March 2023, down from 0.53 the previous year. This reduction illustrates the company’s commitment to improving its balance sheet and enhancing shareholder value.
The company's share price has shown resilience amid market fluctuations, with a reported value of approximately ₹1,071 per share as of October 2023. Macrotech has consistently paid dividends, maintaining a dividend payout ratio of around 20%.
The company has also been focusing on sustainable development practices. It has committed to invest around ₹1,000 crore over the next five years towards green building initiatives and renewable energy solutions in its projects.
Macrotech Developers' sales bookings for FY 2023 reached approximately ₹12,150 crore, reflecting an increase compared to ₹9,500 crore in FY 2022, driven by robust demand in the residential sector.
With an ongoing commitment to customer satisfaction and innovative building design, Macrotech is positioned to capitalize on the strong demand for housing in India, especially in urban areas where affordability and quality of life are becoming increasingly important to consumers.
How Macrotech Developers Limited Makes Money
Macrotech Developers Limited, formerly known as Lodha Developers, is one of the largest real estate companies in India, primarily engaged in residential and commercial property development. The company generates revenue through several key business segments:
1. Residential Development
The residential segment is the backbone of Macrotech's revenue generation. In FY 2022, the company reported a total revenue of approximately INR 8,174 crores, with residential sales contributing significantly. The company launched several projects, including:
- Palava City, which has over 1,000 acres of developed space.
- International City in Dombivli, with anticipated revenues of around INR 1,500 crores.
- New projects in Mumbai, which represent a projected sales value of approximately INR 5,000 crores for FY 2023.
2. Commercial Development
Macrotech also diversifies its earnings through commercial property developments. As of March 2023, the company has developed approximately 3 million square feet of commercial space. Notable ventures include:
- Lotus Corporate Park, which contributes an annual rental income of around INR 300 crores.
- Additional commercial spaces expected to yield INR 1,200 crores in revenue over the next five years.
3. Land Monetization
The company strategically monetizes its land parcels. In FY 2022, Macrotech generated approximately INR 1,200 crores from the sale of non-core land assets. This approach allows the company to reinvest in core areas of development.
4. Joint Ventures and Collaborations
Macrotech engages in joint ventures to expand its footprint without incurring extensive costs. For instance:
- Partnership with private equity firms, which raised approximately INR 2,000 crores for projects in Mumbai and Pune.
- Joint ventures for a mega-project in Mumbai expected to yield a gross development value of about INR 10,000 crores.
5. Financial Performance Metrics
Key financial metrics for Macrotech Developers Limited include:
| Metric | FY 2022 | FY 2023 (Projected) |
|---|---|---|
| Total Revenue | INR 8,174 crores | INR 9,500 crores |
| Net Profit | INR 1,280 crores | INR 1,500 crores |
| Debt to Equity Ratio | 0.67 | 0.60 |
| Return on Equity (ROE) | 16.5% | 17.5% |
| Gross Development Value of Projects | INR 35,000 crores | INR 40,000 crores |
6. Future Growth Projections
Macrotech Developers Limited is poised for growth, with ambitious plans to expand its portfolio. The company aims to achieve:
- A projected sales target of INR 12,000 crores in FY 2024.
- Completion of over 30,000 residential units in the next three years.
- Growth in commercial rentals set to increase by 20% annually.
In summary, Macrotech Developers Limited leverages its extensive project pipeline, strategic land monetization, and partnerships to drive revenue across residential and commercial segments, positioning itself for sustained growth in the competitive real estate market.
Macrotech Developers Limited (LODHA.NS) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.