Mahindra Lifespace Developers

NSE: MAHLIFEBSE: 532313
Compare with peers
₹ 317.00▲ 6.3 (+2.03%)29 Oct, 03:29 pm IST
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.

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 day
    H1 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.

    Filing
  • 27 Oct 2026Press ReleaseMedium impactPositivePrice −2.5% that day
    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.

    Filing
  • 22 Oct 2026Outcome of Board MeetingLow impactNeutralPrice +3.1% that day
    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.

    Filing
  • 6 Oct 2026Press ReleaseHigh impactPositivePrice −0.3% on 7 Oct
    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.

    Filing

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
AA
DefaultRiskyModerateSafeVery safe
  • No warnings from the agency.
AgencyCurrent ratingOutlookAs of
India RatingsIND AA; IND A1+Stable24 Jul 2026
CRISILWithdrawnStable27 Apr 2026
Credit rating actions
RatingDetails
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 2026Financial Results/Other business mattersTo consider and approve the financial results for the period ended September 30, 2026 and other business matters
23 Jul 2026Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2026
28 Apr 2026Financial Results/DividendTo consider and approve the financial results for the period ended March 31, 2026 and dividend
2 Feb 2026Financial ResultsTo consider and approve the financial results for the period ended December 31, 2025
31 Oct 2025Financial ResultsTo consider and approve the financial results for the period ended September 30, 2025
25 Jul 2025Financial ResultsTo consider and approve the financial results for the period ended Jun 30, 2025

Share price

1M change −12.7%
2 of 4 filing days came with a big price moveBiggest +3.1% on 22 Oct 2026AI reading matched the move 0 of 1
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales821418881679321845967096232
Expenses121682305519364877042971486887
Operating Profit−39−54−42−48−25−55−55−5230−4494−55
OPM %−48%−379%−22%−627%−15%−597%−172%−299%6%−7%10%−170%
Other Income8211955452814910711210713724114
Interest036742422325
Depreciation444446676655
Profit before tax39593−14−58742511298411150
Tax %−28%−22%−314%0%336%2%−23%6%16%−7%23%67%
Net Profit507113−14−22855148109908616
EPS in Rs2.353.360.6−0.66−1.053.992.42.255.14.224.010.77

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
7%
5 Years
48%
3 Years
25%
TTM
839%
Compounded Profit Growth
10 Years
12%
5 Years
42%
3 Years
107%
TTM
73%
Stock Price CAGR
10 Years
11%
5 Years
6%
3 Years
−10%
TTM
—
Return on Equity
10 Years
4%
5 Years
5%
3 Years
6%
TTM
—

Shareholding

Latest: Sep 2026.

Promoters
52.4%
−0.02 pts in a year
FIIs
7.35%
−0.77 pts in a year
DIIs
22.81%
+0.36 pts in a year
Public
17.45%
+0.45 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 23.8xEPS (12 months) ₹ 13.08Median P/E 30.3x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
Mahindra Lifespace Developers₹ 317.00₹ 7,202 Cr.23.8x2.1x10%—
DLF₹ 653.55₹ 1,61,774 Cr.39x3.6x10%32%
Lodha Developers₹ 963.00₹ 1,01,441 Cr.33.7x5.1x15.8%20.6%
Indus Towers₹ 380.00₹ 1,00,250 Cr.14.9x2.7x19.8%22%
Oberoi Realty₹ 1,587.20₹ 57,846 Cr.27.3x3.8x—41.6%
Godrej Properties₹ 1,497.90₹ 45,121 Cr.166x3.3x10.2%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.