Mahindra Lifespace Developers
- Market cap
- ₹ 7,202 Cr.
- P/E
- 23.8x
- P/B
- 2.07x
- 52-week range
- 286.8 – 427.05
- ROE
- 10%
- ROCE
- 8%
- Dividend yield
- 1%
- Debt / equity
- 0.18
- Sector
- Realty
- Industry
- Residential, Commercial Projects
- Listed on
- NSE, BSE
About
Mahindra Lifespace Developers Limited is an India-based real estate development company engaged in residential and industrial projects. The Company operates across three segments: Projects, Project Management and Development, and Operating of Commercial Complexes. The Projects, Project Management, and Development segment includes the sale of residential units across various projects, as well as project management and development activities in India. The Operating of Commercial Complexes segment involves the rental of commercial properties in New Delhi. Its operations span residential developments, integrated city projects, and industrial cluster developments. Its development portfolio includes residential projects, value homes under the Mahindra Happinest brand, and integrated cities and industrial clusters under the Mahindra World City and Origins by Mahindra brands. Its subsidiaries are Mahindra Infrastructure Developers Limited, Mahindra Water Utilities Limited, and others.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Residential, Commercial Projects: 174 companies →Mahindra Lifespace Developers against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)23.8 against a typical 23.8: in line than most peers (1st = cheapest).86th of 173
- Sales growth+77.8% against a typical +6.6% from a year earlier.30th of 134
- Profit growth−66.7% against a typical +2.9% from a year earlier.84th of 108
- Share price, 3 months−17.7% against a typical −9.2%.112th of 149
- Size₹ 7,202.2 Cr. market value against a typical ₹ 129.6 Cr. (1st = largest).15th of 163
Latest announcements
Exchange filings and their impact on the company.
- 28 Oct 2026Analysts/Institutional Investor Meet/Con. Call UpdatesHigh impactPositivePrice −2.3% that dayH1 bookings Rs 1,988 cr (+66%) keep Rs 4,500-5,000 cr FY27 target and Rs 50,000 cr GDV on track.
Mahindra Lifespaces held its Q2/H1 FY27 earnings call on 22 October 2026. H1 residential pre-sales were Rs 1,988 crore, up 66% year-on-year, with collections of Rs 1,152 crore and H1 PAT of Rs 102 crore; net debt to equity was -0.28 at 7.55% cost of debt. Management guided to Rs 4,500-5,000 crore FY27 pre-sales on four H2 launches including Mahalunge Rivenza, Sai Baba, Navrat and Westerra, kept total GDV at Rs 50,000 crore after Rs 7,100 crore added, and flagged Rs 15,300 crore of future net project cash flows.
- Mahindra Lifespaces adds 1 mn sq ft North Bengaluru JV project with Rs 1,250 cr GDV launching in 9 months.
Mahindra Lifespaces will jointly develop a 10.05-acre land parcel in North Bengaluru offering about 1 million sq ft of saleable premium residential area with a gross development value of around Rs 1,250 crore. The site is about 8 km from Kempegowda International Airport off the Bengaluru-Hyderabad Highway, taking the company's North Bengaluru portfolio to three projects totalling about 3 million sq ft. The company expects to launch the project within the next nine months, strengthening its Bengaluru residential pipeline.
- Board approved Q2/H1 FY27 results with clean review; numbers not extractable so no forecast change.
Mahindra Lifespace Developers board on 22 October 2026 approved unaudited standalone and consolidated results for the quarter and half year ended 30 September 2026. The results were subject to limited review by Deloitte Haskins & Sells LLP, which issued an unmodified review report. The extract did not include the detailed profit and loss figures, so no revenue or profit surprise can be quantified from this filing.
- Mahindra Lifespaces launched a 13.46-acre Pune project with Rs 3,500 cr GDV, starting with 1,236 units.
Mahindra Lifespaces launched Mahindra Rivenza, a 13.46-acre residential project in Baner Annex, Mahalunge, Pune with a total gross development value of about Rs 3,500 crore. Phase 1 offers 1,236 units of 2, 3 and 4 BHK homes with over 2.65 lakh sq ft of amenities. The launch adds a large new sales pipeline in the Hinjawadi-Baner corridor that should support presales and revenue over the next year as sales and construction ramp up.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA by India Ratings- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| India Ratings | IND AA; IND A1+ | Stable | 24 Jul 2026 |
| CRISIL | Withdrawn | Stable | 27 Apr 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 24 Jul 2026 | Reaffirmed | IND AA | — | India Ratings | ₹ 675 Cr. | |
| 27 Apr 2026 | Withdrawn | was Crisil AA | — | CRISIL | ₹ 400 Cr. | |
| 18 Feb 2026 | New rating | Crisil AA | — | CRISIL | ₹ 400 Cr. | |
| 7 Nov 2025 | Reaffirmed | IND AA | — | India Ratings | ₹ 575 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 22 Oct 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended September 30, 2026 and other business matters |
| 23 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 28 Apr 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 2 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 31 Oct 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
| 25 Jul 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 82 | 14 | 188 | 8 | 167 | 9 | 32 | 18 | 459 | 670 | 962 | 32 |
| Expenses | 121 | 68 | 230 | 55 | 193 | 64 | 87 | 70 | 429 | 714 | 868 | 87 |
| Operating Profit | −39 | −54 | −42 | −48 | −25 | −55 | −55 | −52 | 30 | −44 | 94 | −55 |
| OPM % | −48% | −379% | −22% | −627% | −15% | −597% | −172% | −299% | 6% | −7% | 10% | −170% |
| Other Income | 82 | 119 | 55 | 45 | 28 | 149 | 107 | 112 | 107 | 137 | 24 | 114 |
| Interest | 0 | 3 | 6 | 7 | 4 | 2 | 4 | 2 | 2 | 3 | 2 | 5 |
| Depreciation | 4 | 4 | 4 | 4 | 4 | 6 | 6 | 7 | 6 | 6 | 5 | 5 |
| Profit before tax | 39 | 59 | 3 | −14 | −5 | 87 | 42 | 51 | 129 | 84 | 111 | 50 |
| Tax % | −28% | −22% | −314% | 0% | 336% | 2% | −23% | 6% | 16% | −7% | 23% | 67% |
| Net Profit | 50 | 71 | 13 | −14 | −22 | 85 | 51 | 48 | 109 | 90 | 86 | 16 |
| EPS in Rs | 2.35 | 3.36 | 0.6 | −0.66 | −1.05 | 3.99 | 2.4 | 2.25 | 5.1 | 4.22 | 4.01 | 0.77 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 7%
- 5 Years
- 48%
- 3 Years
- 25%
- TTM
- 839%
- 10 Years
- 12%
- 5 Years
- 42%
- 3 Years
- 107%
- TTM
- 73%
- 10 Years
- 11%
- 5 Years
- 6%
- 3 Years
- −10%
- TTM
- —
- 10 Years
- 4%
- 5 Years
- 5%
- 3 Years
- 6%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Mahindra Lifespace Developers | ₹ 317.00 | ₹ 7,202 Cr. | 23.8x | 2.1x | 10% | — |
| DLF | ₹ 653.55 | ₹ 1,61,774 Cr. | 39x | 3.6x | 10% | 32% |
| Lodha Developers | ₹ 963.00 | ₹ 1,01,441 Cr. | 33.7x | 5.1x | 15.8% | 20.6% |
| Indus Towers | ₹ 380.00 | ₹ 1,00,250 Cr. | 14.9x | 2.7x | 19.8% | 22% |
| Oberoi Realty | ₹ 1,587.20 | ₹ 57,846 Cr. | 27.3x | 3.8x | — | 41.6% |
| Godrej Properties | ₹ 1,497.90 | ₹ 45,121 Cr. | 166x | 3.3x | 10.2% | 35.9% |
Management
- Amit Kumar Sinha
- Chief Executive Officer, Managing Director, Executive Director
- Sriram Kumar
- Chief Financial Officer
- Tanmoy Roy
- Chief Human Resources Officer
- Abhimanyu Mathur
- Chief Marketing Officer
- Snehal Patil
- Chief Compliance Officer, Company Secretary
- Vikram Goel
- Chief Business Officer - Industrial
- Parveen Prakash Mahtani
- Chief Legal Officer
- Vimalendra Dashrath Singh
- Chief Business Officer - Residential
Prices are delayed and for information only. Nothing on this page is investment advice.