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Macrotech Developers Ltd Performance

Today's Low
1,180.75
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Today's High
1,253.95
52 Wk Low
440.05
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52 Wk High
1,277.90


Open

1227.15

Traded Value (Cr)

98.27 Cr

Prev. Close

1227.1

VWAP

1217.09

Volume

10,55,016

Face Value

10

Macrotech Developers Ltd Fundamentals

Market Cap
₹ 1,22,705 Cr
P/E Ratio (TTM)
71.78
P/B Ratio
7.75
Debt to Equity
0.67
ROE
11.77 %
EPS (TTM)
17.19
Dividend Yield
0.08%
Book Value
159.26

Click here to know more about Fundamentals

Macrotech Developers Ltd Financials

Macrotech Developers Ltd Financials

Macrotech Developers Ltd Shareholding Pattern

Held By Mar 2024 Dec 2023 Sep 2023 Jun 2023
Promoters 72.67 % 74.92 % 74.93 % 74.96 %
FII 23.26 % 21.09 % 20.52 % 19.83 %
Others 2.92 % 2.76 % 2.84 % 3.47 %
Retail 0.59 % 0.60 % 0.63 % 0.74 %
Mutual Funds 0.57 % 0.63 % 1.08 % 0.99 %

Promoters

72.67%

FII

23.26%

Others

2.92%

Retail

0.59%

Mutual Funds

0.57%

Promoters

74.92%

FII

21.09%

Others

2.76%

Retail

0.60%

Mutual Funds

0.63%

Promoters

74.93%

FII

20.52%

Others

2.84%

Retail

0.63%

Mutual Funds

1.08%

Promoters

74.96%

FII

19.83%

Others

3.47%

Retail

0.74%

Mutual Funds

0.99%

Resistance and Support

₹1,205.13

PIVOT

resistance-arrow
Resistance
First Resistance₹1,213.217
Second Resistance₹1,226.383
Third Resistance₹1,234.467
support-arrow
Support
First Resistance₹1,191.967
Second Resistance₹1,183.883
Third Resistance₹1,170.717
RSI65.461
MACD37.956
ADX5.952
CCI112.656

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day1,055,016445,32854.30
Week1,135,009698,46767.26
1 Month1,462,188789,01267.17
6 Months1,055,016702,05066.54

About Macrotech Developers Ltd

Macrotech Developers Limited (Formerly known Lodha Developers Limited) was incorporated on September 25th, 1995. Lodha Group is among the largest real estate developers in India and has been involved in the real estate business since 1980s. Being as an Indian multinational real estate company headquartered in Mumbai, India, the Company developed residential & commercial properties in Mumbai, Thane, Hyderabad, Pune and London. The Company commenced operations in Mumbai, developing affordable housing projects in the suburbs of Mumbai, and later diversified into other segments and regions in the MMR and Pune. Some of the notable projects include Lodha Altamount, The World Towers, Lodha Bellissimo, Trump Tower Mumbai and Lodha Park. Moreover, the Company is presently credited for developing Palava, an integrated smart city near Mumbai. The Company commenced operations in Mumbai, developing affordable housing projects in the suburbs of Mumbai, and later diversified into other segments and regions in the MMR and Pune. Some of the notable projects include Lodha Altamount, The World Towers, Lodha Bellissimo, Trump Tower Mumbai and Lodha Park. Moreover, the Company is presently credited for developing Palava, an integrated smart city near Mumbai. The Company also develop commercial real estate, as part of mixed-use developments in and around our core residential projects to bring vibrancy to our residential developments. The Company created several brands including 'Lodha', 'CASA by Lodha' and 'Crown - Lodha Quality Homes' for its affordable and mid-income housing projects, the 'Lodha' and 'Lodha Luxury' brands for premium and luxury housing projects, and the 'iThink', 'Lodha Excelus', 'Lodha Supremus' and 'Lodha Signet' brands for office. The Company have over 90 completed projects comprising a staggering 80 million square feet of developable area, of which nearly 60 million square feet is in affordable and mid income housing. Currently, the Company is engaged in developing more than 50 ongoing and planned projects across 75 million square feet of area and recognized for quality, focus on details, and elegant craftsmanship. To bring new ideas, the Company collaborated with globally renowned names from Armani/Casa, Jade Jagger, Buro Happold, Pei Cobb Freed & Partners to reimagining personalised service in luxury with Saint Amand. Few of the world's finest developments include the iconic The World Towers which have transformed the skyline of Mumbai, Lodha Altamount - one of the most exclusive addresses, and Palava - India's No.1 Smart City. The Company's large ongoing portfolio of affordable and mid-income housing projects include Palava (Navi Mumbai, Dombivali Region), Upper Thane (Thane outskirts), Amara (Thane), Lodha Sterling (Thane), Lodha Luxuria (Thane), Crown Thane (Thane), Bel Air (Jogeshwari), Lodha Belmondo (Pune), Lodha Splendora (Thane) and Casa Maxima (Mira Road). The large townships are located at Palava (Navi Mumbai, Dombivali Region) and Upper Thane (Thane outskirts). The premium and luxury housing projects include Lodha Park (Worli), Lodha World Towers (Lower Parel), Lodha Venezia (Parel) and New Cuffe Parade (Wadala). In addition, the Group have a few projects under the 'Lodha Luxury' brand, which comprises small-scale, high-value developments such as Lodha Altamount (Altamount Road), Lodha Seamont (Walkeshwar) and Lodha Maison (Worli). As a part of industrial & logistics park portfolio, the Lodha Group are developing a logistics and industrial park spread over 800 acres of land near Palava, which is strategically located near the Jawaharlal Nehru Port, the proposed international airport in Navi Mumbai and the industrial hub of Taloja. The Company seeks to utilize more of land parcel in Palava & Upper Thane and take it up to 3,500 acres over a period. The Company have monetized nearly 165 acres of land in the Palava Logistics & Industrial Park (PLIP) either through JVs with reputed investors such as Morgan Stanley or through outright sales to some of the marquee global players like FM Logistics- a French 3PL firm. Thus, so far, the Company already monetized more than 255 acres of the industrial park segment through JV or outright sale. In September 2007, the Deutsche Bank made an investment of Rs 1,640 crore (US$218 million) by subscribing to the compulsorily convertible debentures (CCDs) of Lodha's subsidiary, Cowtown Land Development Limited. In May of the year 2010, Macrotech Developers emerged the highest bidder to acquire a 22.5-acre plot in Wadala, Mumbai, for Rs 4,053 crore (US$538 million) from Mumbai Metropolitan Region Development Authority (MMRDA). In December 2012, the Company acquired Washington House, a residential building owned by the US consulate on Altamont Road, for Rs 341.82 crore (US$45 million), which was developed into Lodha Altamount. Further, the Company purchased a 17 acres land in Mumbai's prime location from DLF for about Rs 2,700 crore (US$359 million), nearly four times higher than the price at which DLF had bought the land in 2005. In September 2013, the Group partnered with Donald Trump for development of Trump Tower Mumbai, an 800-ft-tall, 77-storey residential tower in Lower Parel, Mumbai. and with a number of celebrities to be brand ambassadors, including Aishwarya Rai, Amitabh Bachchan,Akshay Kumar and Twinkle Khanna. In the year of May 2016, it received an investment of Rs 425 crore from Piramal Fund Management for one of Company's project. In 2018, the company bagged CNBC Awaaz Real Estate Award for the project, Lodha Altamount by CNBC.In November 2013, Macrotech Developers Group brought Macdonald House, London a seven-storey building in central London from the Government of Canada for Rs 3,120 crore (US$414 million), thru which the company acquired 87 acres of land in Thane from Clariant Chemicals India for Rs 1,102.5 crore (US$146 million). The Board of Directors of the Company at its meeting held on 27 March 2019, have approved a Scheme of Arrangement u/s 230-232 of the Companies Act, 2013, between the Company and NCP Commercials Pvt. Ltd. (Resulting Company) and their respective shareholders and creditors for demerger of Project Lodha Excelus, New Cuffe Parade' (Demerged Undertaking) and its associated assets and liabilities and transfer and vesting thereof to and in the Resulting Company, as a going concern'. The National Company Law Tribunal, Mumbai Bench (NCLT) had approved the above scheme on 01st October 2019. Accordingly, all asset and associated liabilities was transferred from the Company to NCP Commercial Private Limited at its carrying value. Upon demerger of the project, the Company sold off its equity shares in NCP Commercial Private Limited to an unrelated buyer. In terms of the Shareholders Agreement dated 25th March 2020 (Effective Date), in view of changes in the management rights of the Company over relevant activities in Lodha Developers UK Limited (LDUK) and the Company's agreement to sell the legal and beneficial interest representing 24% of the entire issued and paid up ordinary share capital of LDUK at par to its fellow subsidiary within 120 days from the Effective Date, LDUK (including its subsidiaries) ceased to be a subsidiary of the Company and has become a Joint Venture with effect from March 25, 2020. Tata Power Company Limited, an Indian electric utility company based in Mumbai entered into a partnership agreement with Macrotech Developers for setting up EV charging stations in housing societies and offices in September 2021. During the financial year 2020-21, the Company completed an Initial Public Offering (IPO), comprising a fresh issue of 5,14,40,328 equity shares having a face value of Rs. 10, which got listed on BSE Limited and National Stock Exchange of India Limited with effect from April 19, 2021. During year 2020-21, the Schemes of Arrangement were approved by the National Company Law Tribunal (NCLT) for Demerger of One Lodha Place' into One Place Commercials Private Limited effective September 25, 2020 and amalgamation of Copious Developers and Farms Private Limited and Ramshyam Infracon Private Limited effective June 18, 2021. Withdrawal application for demerger of esidential towers from the Belmondo and Splendora projects into two wholly owned subsidiaries viz Luxuria Complex Private Limited and Renovar Green Consultants Private Limited respectively was approved by NCLT, Mumbai Bench vide Order dated December 18, 2020. During the financial year 2021-22, Company launched 13 new projects or subsequent phases of existing projects with total salable area of ~5.6 million square feet, which included Codename Premier at Palava, Lodha Woods at Kandivali, Casa Supremo at Mira Road, Lodha Bellagio at Powai in MMR and Lodha Bella Vita in Pune etc. In FY22, it introduced 11 new projects located largely in micro-markets of MMR and Pune currently underserved by them, having 8.8 million square feet of salable area under capital light JDA route of which 4 projects having salable area of 2.0 million square feet were launched in the micro-markets of Western Suburbs, Eastern Suburbs and Pune. As on March 31, 2022, the Company had 29 consolidating subsidiaries, of which 18 subsidiaries were considered as joint ventures and 2 associates, including 1 associate was considered as a subsidiary. Digirealty Technologies Private Limited, Bellissimo Digital Infrastructure Development Management Private Limited, Thane Commercial Tower A Management Private Limited, Bellissimo Digital Infrastructure Investment Management Private Limited, Palava Induslogic 4 Private Limited and 1GS Quarters Holdings Limited became subsidiaries of the Company during FY22. Copious Developers and Farms Private Limited, Ramshyam Infracon Private Limited and Palava Dwellers Private Limited ceased to be subsidiaries of the Company during FY22. Apart from these, Anantnath Constructions and Farms Private Limited, Sitaldas Estate Private Limited, MMR Social Housing Private Limited, Bellissimo Estate Private Limited, Renovar Green Consultants Private Limited, Kora Constructions Private Limited, Luxuria Complex Private Limited, Odeon Theatres and Properties Private Limited and Palava Industrial and Logistics Park Private Limited ceased to be subsidiaries of the Company on account of mergers in April 2022. During the financial year 2022-23, the Company launched 12 new projects and subsequent phases of existing projects. Some of the key launches during the year included Lodha Malabar, Lodha Bellevue, Lodha Divino, Ascenza, Crown Kolshet, Villa Royale Palava in MMR, and Lodha Giardino & Lodha Panache in Pune etc. During FY' 23, Five wholly owned subsidiaries of the Company viz Bellissimo Constructions and Developers Private Limited, Homescapes Constructions Private Limited, Primebuild Developers and Farms Private Limited, Palava Institute of Advanced Skill Training Private Limited and Center for Urban Innovation Private Limited merged with the Company with effect from May 20, 2023. Bellissimo In city FC Mumbai 1 Private Limited and Bellissimo In city FC NCR 1 Private Limited were incorporated during FY 2023. Anantnath Constructions and Farms Private Limited, Sitaldas Estate Private Limited, MMR Social Housing Private Limited, Bellissimo Estate Private Limited, Renovar Green Consultants Private Limited, Kora Constructions Private Limited, Luxuria Complex Private Limited, Odeon Theatres and Properties Private Limited and Palava Industrial and Logistics Park Private Limited ceased to be subsidiaries of the Company on account of mergers during FY23.

Managing Director

Abhishek Mangal Prabhat Lodha

Founded

1995

NSE Symbol

LODHA

Macrotech Developers Ltd Management

NameDesignation
M M ChitaleChairman & Independent Directo
Abhishek Mangal Prabhat LodhaManaging Director & CEO
Rajendra Narpatmal LodhaWhole-time Director
R P SinghNon-Exec & Non-Independent Dir
Ashwani KumarIndependent Director
Raunika MalhotraWhole-time Director
Sanjyot Rangnekar.Company Sec. & Compli. Officer
Lee PolisanoIndependent Director
Rajeev BakshiIndependent Director
Harita GuptaIndependent Director

Macrotech Developers Ltd News

Macrotech Developers rises on strong Q4 business update
Macrotech Developers added 1.28% to Rs 1,152.05 after the company said that it has recorded pre-sales of Rs 4,230 crore in Q4 FY24, recording a growth of 40% on a YoY basis.
Macrotech Developers Ltd leads losers in 'A' group
Godrej Properties Ltd, DLF Ltd, Sapphire Foods India Ltd and Torrent Pharmaceuticals Ltd are among the other losers in the BSE's 'A' group today, 03 April 2024.
Macrotech Developers to acquire 50% stake in SRPL
Macrotech Developers announced that it has signed a share purchase agreement (SPA) with Siddhivinayak Realties to acquire a 50% of the paid-up equity capital in the company for Rs 250.70 crore.
Macrotech Developers allots NCDs aggregating to Rs 125 cr
On private placement basis
Macrotech Developers Ltd Slides 2.73%
Macrotech Developers Ltd has added 1.58% over last one month compared to 5.28% fall in S&P BSE Realty Index index and 0.71% drop in the SENSEX
Macrotech Developers Ltd Spikes 7.97%
Macrotech Developers Ltd has added 16.2% over last one month compared to 5.58% gain in S&P BSE Realty Index index and 3.52% rise in the SENSEX
Macrotech Developers raises Rs 3,300 cr via QIP issue
Macrotech Developers allots 2.98 cr equity shares under QIP issue
Macrotech Developers announces closure of QIP issue
Issue price fixed at Rs 1098 per equity share
Macrotech Developers gains on launching QIP; floor price at Rs 1,129.48/share
Macrotech Developers added 1.92% to Rs 1203.95 after the company’s board has approved the opening of qualified institutional placement (QIP) of equity shares with the floor price of Rs 1,129.48 per share.

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Macrotech Developers Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Macrotech Developers Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. Macrotech Developers Ltd's share price is ₹1,198.30 as of April 12, 2024

Macrotech Developers Ltd's P/E ratio is 71.78 times as of April 12, 2024.

Macrotech Developers Ltd's most recent financial reports indicate a price-to-book ratio of 7.75, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Macrotech Developers Ltd's market is 122,706 Cr as on April 12, 2024.

The current financial records of Macrotech Developers Ltd show a 11.77% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

The 52-week high/low price of a Macrotech Developers Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Macrotech Developers Ltd's 52-week high and low as of April 12, 2024 are ₹1253.95 and ₹1180.75 respectively.

As of the Mar 2024 quarter, the promoter shareholding in Macrotech Developers Ltd stands at 72.67%. During the same period, Institutional Investors have shown a slight increase in their holdings, rising from 21.09% to 23.26%.