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On 6 Nov 2026, Mahindra Lifespace Developers was priced at ₹311.65, or 21.3× trailing earnings, against an industry P/E of 22.1×, and the shares are 27% below their 52-week high. It earns ROCE of 8.7% and ROE of 8.5%, and sales and net profit grew 25% and 43% a year over 3 years, though net profit is above operating profit, which points to a one-off gain. Its dividend yield is 1.1%, and debt is 0.17× equity. It is a small-cap company with a market cap of ₹6,657 Cr, ranked 12th of 112 Real Estate (Development) companies by market cap; the shares fell 24% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹311.00
Day high
₹314.80
Day low
₹302.40
Prev. close
₹311.55
Volume
2.7 L

Health check

2 fair · 3 to check
  • ReturnsBehind

    −23.7% over a year, better than 2 of 7 peers.

  • Price tagDistorted

    A one-off gain inflates profit, so P/E isn’t comparable right now.

  • GrowthSteady

    Sales +24.8%, profit +43.2% a year over 3 years.

  • ProfitabilityWeak

    ROCE 8.7% vs peer median 10.4%.

  • Balance sheetFair

    Debt 0.17× equity, interest covered 29.1×, Piotroski 4 of 9.

  • Red flags3 to check

    Quarterly profit down 69.1% on a year ago.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Real Estate - Development

111 listed peers. Screen the industry

Small cap

₹6,657 Cr, #12 of 112 in its industry by size.

Defensive

Beta 0.21 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹2,124 Cr · profit ₹301 Cr
Market cap
₹6,657 Cr
Small cap
P/E
21.3
Industry 22.1
Price to book
1.81
Peers 2.88
Dividend yield
1.12%
ROE
8.5%
Peers 11.1%
ROCE
8.7%
Peers 10.4%
Debt to equity
0.17
Debt ₹639 Cr
EPS (TTM)
₹14.61
Face value ₹10
OPM (TTM)
1.2%
Net margin 14.2%
Sales growth
+84.6%
Latest quarter vs a year ago
Profit growth
−69.1%
Latest quarter vs a year ago
Price to sales
3.13
EV/EBITDA 421.8

Strengths and risks

Strengths

  • Quarterly sales up 84.6% on a year ago.

Risks to check

  • Quarterly profit down 69.1% on a year ago.
  • Net profit is above operating profit, so a one-off gain is likely flattering earnings.
  • Interest coverage of only −11.1×.

Derived automatically from reported figures. Not a recommendation.

About Mahindra Lifespace Developers

Mahindra Lifespace Developers Limited, together with its subsidiaries, engages in the real estate and infrastructure development business in India. It engages in the construction, development, and sale of residential and commercial properties; project management; and rental of properties. The company also sells freshwater and treated sewage to industrial customers. In addition, it is involved in establishing, acquiring, developing, and maintaining…

Headquarters
Mumbai
Employees
764
Sector
Real Estate
ISIN
INE813A01018
Website
mahindralifespaces.com

Price range

52 weeks

₹286.80₹427.05

Today

₹302.40₹314.80
Avg volume (3M)
1.8 L
1-year return
minus 23.7%
From 52-week high
minus 27.0%

Analyst consensus

9 analysts
Strong buyMean target ₹485.44 plus 55.8%

Target range, with today’s price

Low ₹420.00High ₹612.00

Today’s price ₹311.65 is below the lowest analyst target.

Consensus from Yahoo Finance. Not a recommendation.

Peers · Real Estate - Development

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
DLFDLF752.90plus 1.03%1,86,36640.8127.66.3%15.3%0.0111.3%minus 3.8%
LODHALodha Developers1,179.00plus 0.27%1,17,81227.125.218.2%33.1%0.4120.4%minus 3.9%
OBEROIRLTYOberoi Realty1,739.00minus 0.13%63,23024.018.816.7%57.5%0.1412.9%minus 2.2%
GODREJPROPGodrej Properties1,809.30minus 0.31%54,50140.4–11.1%−6.5%1.0232.4%minus 20.9%
BRIGADEBrigade Enterprises558.15minus 0.89%18,20525.115.69.8%29.2%0.8318.5%minus 26.2%
ANANTRAJAnant Raj445.45minus 4.41%16,03126.524.110.4%27.8%0.1337.9%minus 27.8%
SOBHASobha1,275.40minus 1.28%13,64271.446.77.4%6.5%0.3316.3%minus 20.2%
MAHLIFEMahindra Lifespace Developers311.65plus 0.03%6,65721.3–8.7%1.2%0.1724.8%minus 23.7%
Median of 7 peers–−0.31%54,50127.124.710.4%27.8%0.3318.5%−20.2%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Dec 25Mar 26Jun 26Sep 26
3245967096232.4
8742971486887.4
−5529.8−43.994.5−55
−172.1%6.5%−6.6%9.8%−169.7%
10781.313724114
41.83.32.45.4
6.15.75.654.5
–25.8–––
41.612984.211149.5
−23.2%15.9%−7.0%22.9%67.0%
51.210990.185.516.3
2.935.434.414.000.76

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+24.8%
Profit CAGR 3Y
+43.2%
EPS CAGR 3Y
+34.4%
ROE
8.5%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
6072123721,178
–minus 65.0%+75.5%+216.5%
7053835421,300
−98.5−171−170−121
−16.2%−80.6%−45.6%−10.3%
164208219391
10.27.419.410.9
12.213.717.823.9
62.238.458.971
10654.370.5306
2.7%−81.1%13.0%2.6%
10198.261.3298
–minus 3.1%minus 37.6%+386.4%
6.015.813.6314.61

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
155155155213
1,6511,7181,7413,414
2688771,439662
1,5372,1993,0854,006
3,6114,9496,4218,295
21.828.83036.6
5.15.14.810.1
76.660.7105125
249179301584
3,2584,6765,9807,539
3,6114,9496,4218,295

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
−148−661−542−545
27.8214273−145
−27.1489416531
−14841.6147−159
−14.1−16−14.5−18.1
−162−677−557−563
−31.1−35.7−41.2−59.7

Shareholding pattern

Source: NSE filings
52.4%
promoters
  • Promoters52.40%
  • Public47.60%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202652.40%47.60%minus 0.01
30 Jun 202652.41%47.59%0.00
31 Mar 202652.41%47.59%0.00
31 Dec 202552.41%47.59%minus 0.01
30 Sep 202552.42%47.58%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you