About
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 industrial park, townships, special economic zones, technology parks, software parks, industrial areas, and industrial estates, for industries and software and other knowledge based units; and provision of infrastructural facilities for parks and zones. Its development portfolio comprises residential projects under the Mahindra Happinest brand name; integrates cities and industrial clusters under the Mahindra World City and Origins by Mahindra brand names. The company was formerly known as Mahindra Gesco Developers Ltd. and changed its name to Mahindra Lifespace Developers Limited in October 2007. Mahindra Lifespace Developers Limited was founded in 1994 and is headquartered in Mumbai, India. Mahindra Lifespace Developers Limited is a subsidiary of Mahindra & Mahindra Limited.
Key Metrics
as of Sep 2026Market Cap7,731 Cr
P/E24.90
Div Yield0.97 %
Book Value₹170.00
52w High₹428.00
52w Low₹287.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 331.00 | 550.00 | 272.00 | 12.00 | 26.00 | 4.00 | 162.00 | 2.00 | 182.00 | 3.00 | 2.00 | 7.00 | 7.00 |
| Expenses | 277.00 | 621.00 | 272.00 | 66.00 | 82.00 | 59.00 | 189.00 | 53.00 | 225.00 | 56.00 | 45.00 | 45.00 | 51.00 |
| Operating Profit | 54.00 | -71.00 | 0.00 | -54.00 | -57.00 | -55.00 | -27.00 | -51.00 | -43.00 | -54.00 | -43.00 | -37.00 | -45.00 |
| OPM % | 16.00 | -13.00 | 0.10 | -449.00 | -223.00 | -1,495.00 | -17.00 | -2,484.00 | -24.00 | -2,105.00 | -2,066.00 | -503.00 | -671.00 |
| Other Income | 66.00 | 111.00 | 125.00 | 45.00 | 33.00 | 101.00 | 102.00 | 61.00 | 20.00 | 42.00 | 8.00 | 42.00 | 36.00 |
| Depreciation | 5.00 | 6.00 | 6.00 | 6.00 | 6.00 | 5.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 3.00 | 2.00 |
| Interest | 2.00 | 3.00 | 2.00 | 4.00 | 13.00 | 11.00 | 4.00 | 7.00 | 6.00 | 3.00 | 0.00 | 0.00 | 4.00 |
| Profit before tax | 113.00 | 32.00 | 118.00 | -19.00 | -43.00 | 29.00 | 66.00 | -1.00 | -33.00 | -19.00 | -39.00 | 2.00 | -15.00 |
| Tax % | 20.00 | 7.00 | 14.00 | 29.00 | -21.00 | 5.00 | 28.00 | -17.00 | -29.00 | -68.00 | -25.00 | 26.00 | -64.00 |
| Net Profit | 90.00 | 30.00 | 101.00 | -25.00 | -34.00 | 28.00 | 48.00 | -1.00 | -24.00 | -6.00 | -29.00 | 2.00 | -5.00 |
| EPS in Rs | 4.22 | 1.39 | 4.73 | -1.15 | -1.59 | 1.31 | 2.24 | -0.03 | -1.11 | -0.28 | -1.35 | 0.07 | -0.26 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 860.00 | 349.00 | 19.00 | 472.00 | 253.00 | 90.00 | 440.00 | 486.00 | 475.00 | 681.00 | 502.00 | 624.00 |
| Expenses | 1,039.00 | 526.00 | 196.00 | 572.00 | 375.00 | 195.00 | 504.00 | 462.00 | 439.00 | 646.00 | 434.00 | 398.00 |
| Operating Profit | -179.00 | -176.00 | -177.00 | -100.00 | -123.00 | -106.00 | -64.00 | 24.00 | 36.00 | 34.00 | 68.00 | 226.00 |
| OPM % | -21.00 | -50.00 | -949.00 | -21.00 | -49.00 | -118.00 | -15.00 | 5.00 | 8.00 | 5.00 | 14.00 | 36.00 |
| Other Income | 311.00 | 283.00 | 127.00 | 269.00 | 156.00 | 46.00 | -156.00 | 69.00 | 82.00 | 73.00 | 99.00 | 136.00 |
| Interest | 21.00 | 28.00 | 7.00 | 9.00 | 5.00 | 4.00 | 2.00 | 5.00 | 35.00 | 32.00 | 47.00 | 22.00 |
| Depreciation | 24.00 | 18.00 | 13.00 | 10.00 | 6.00 | 7.00 | 7.00 | 3.00 | 4.00 | 4.00 | 4.00 | 3.00 |
| Profit before tax | 88.00 | 61.00 | -70.00 | 151.00 | 22.00 | -70.00 | -230.00 | 85.00 | 79.00 | 71.00 | 117.00 | 338.00 |
| Tax % | 18.00 | 16.00 | -45.00 | 0.00 | -91.00 | -25.00 | -2.00 | 31.00 | 33.00 | 31.00 | 33.00 | 31.00 |
| Net Profit | 72.00 | 51.00 | -39.00 | 151.00 | 43.00 | -52.00 | -226.00 | 59.00 | 53.00 | 49.00 | 78.00 | 233.00 |
| EPS in Rs | 3.38 | 2.41 | -1.82 | 7.11 | 2.02 | -2.46 | -10.67 | 2.77 | 2.51 | 2.31 | 3.70 | 11.03 |
| Dividend Payout % | 104.00 | 85.00 | -106.00 | 24.00 | 72.00 | 0.00 | 0.00 | 53.00 | 58.00 | 50.00 | 31.00 | 21.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 213.00 | 155.00 | 155.00 | 155.00 | 155.00 | 51.00 | 51.00 | 51.00 | 51.00 | 41.00 | 41.00 | 41.00 |
| Reserves | 2,848.00 | 1,401.00 | 1,388.00 | 1,458.00 | 1,337.00 | 1,394.00 | 1,445.00 | 1,700.00 | 1,754.00 | 1,452.00 | 1,431.00 | 1,282.00 |
| Borrowings | 642.00 | 1,439.00 | 872.00 | 241.00 | 171.00 | 112.00 | 124.00 | 120.00 | 368.00 | 564.00 | 691.00 | 500.00 |
| Other Liabilities | 3,218.00 | 2,831.00 | 2,040.00 | 1,302.00 | 656.00 | 476.00 | 379.00 | 555.00 | 331.00 | 372.00 | 432.00 | 411.00 |
| Total Liabilities | 6,921.00 | 5,827.00 | 4,455.00 | 3,156.00 | 2,318.00 | 2,033.00 | 2,000.00 | 2,426.00 | 2,504.00 | 2,429.00 | 2,594.00 | 2,234.00 |
| Fixed Assets | 27.00 | 25.00 | 24.00 | 35.00 | 36.00 | 24.00 | 31.00 | 28.00 | 28.00 | 32.00 | 9.00 | 30.00 |
| CWIP | 3.00 | 5.00 | 5.00 | 5.00 | 3.00 | 15.00 | 12.00 | 10.00 | 9.00 | 8.00 | 1.00 | 0.00 |
| Investments | 1,082.00 | 605.00 | 648.00 | 763.00 | 491.00 | 470.00 | 467.00 | 651.00 | 851.00 | 804.00 | 800.00 | 573.00 |
| Other Assets | 5,809.00 | 5,191.00 | 3,779.00 | 2,353.00 | 1,788.00 | 1,525.00 | 1,490.00 | 1,738.00 | 1,616.00 | 1,584.00 | 1,784.00 | 1,631.00 |
| Total Assets | 6,921.00 | 5,827.00 | 4,455.00 | 3,156.00 | 2,318.00 | 2,033.00 | 2,000.00 | 2,426.00 | 2,504.00 | 2,429.00 | 2,594.00 | 2,234.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -257.00 | -97.00 | -706.00 | -181.00 | -71.00 | -92.00 | -90.00 | 160.00 | 106.00 | 142.00 | -165.00 | 87.00 |
| Cash from Investing Activity | -482.00 | -175.00 | 209.00 | 20.00 | 112.00 | 137.00 | 102.00 | 222.00 | -79.00 | 3.00 | 146.00 | 202.00 |
| Cash from Financing Activity | 542.00 | 421.00 | 540.00 | 23.00 | 42.00 | -21.00 | -48.00 | -309.00 | -37.00 | -237.00 | 118.00 | -284.00 |
| Net Cash Flow | -197.00 | 149.00 | 43.00 | -138.00 | 83.00 | 24.00 | -36.00 | 73.00 | -10.00 | -92.00 | 99.00 | 4.00 |
| Free Cash Flow | -268.00 | -111.00 | -721.00 | -189.00 | -71.00 | -95.00 | -93.00 | 157.00 | 105.00 | 130.00 | -169.00 | 82.00 |
| CFO/OP % | 124.00 | 36.00 | 397.00 | 175.00 | 50.00 | 80.00 | 128.00 | 749.00 | 325.00 | 450.00 | -182.00 | 79.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 78.00 | 132.00 | 1,341.00 | 76.00 | 98.00 | 204.00 | 74.00 | 85.00 | 91.00 | 32.00 | 37.00 | 9.00 |
| Cash Conversion Cycle | 78.00 | 132.00 | 1,341.00 | 76.00 | 98.00 | 204.00 | 74.00 | 85.00 | 91.00 | 32.00 | 37.00 | 9.00 |
| Working Capital Days | 158.00 | 849.00 | 24,472.00 | 479.00 | 939.00 | 3,000.00 | 692.00 | 602.00 | 607.00 | 416.00 | 668.00 | 590.00 |
| ROCE % | 3.00 | 3.00 | -5.00 | 2.00 | -5.00 | -4.00 | 1.00 | 4.00 | 5.00 | 5.00 | 8.00 | 20.00 |
Corporate Actions
28 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 03 Jul 2026 | 03 Jul 2026 | — | 3.50 | |
| Dividend | 18 Jul 2025 | 18 Jul 2025 | — | 2.80 | |
| Rights | 23 May 2025 | 23 May 2025 | 3:8 | — | |
| Other | 23 May 2025 | 23 May 2025 | — | — | Right Issue of Equity Shares |
| Dividend | 12 Jul 2024 | — | — | 2.65 | |
| Dividend | 19 Jul 2023 | — | — | 2.30 | |
| Dividend | 19 Jul 2022 | — | — | 2.00 | |
| Bonus | 14 Sep 2021 | 15 Sep 2021 | 2:1 | — | |
| Dividend | 18 Jul 2019 | — | — | 6.00 | |
| Dividend | 19 Jul 2018 | — | — | 6.00 | |
| Dividend | 13 Jul 2017 | — | — | 6.00 | |
| Rights | 30 Mar 2017 | 31 Mar 2017 | 1:4 | — | |
| Other | 30 Mar 2017 | 31 Mar 2017 | — | — | Right Issue of Equity Shares |
| Dividend | 20 Jul 2016 | — | — | 6.00 | |
| Dividend | 22 Jul 2015 | — | — | 6.00 | |
| Dividend | 25 Sep 2014 | 26 Sep 2014 | — | 6.00 | |
| Dividend | 30 Jul 2014 | — | — | 6.00 | |
| Dividend | 11 Jul 2013 | — | — | 6.00 | |
| Other | 11 Jul 2013 | — | — | — | Annual General Meeting / Dividend Rs.6/- Per Equity Share |
| Dividend | 12 Jul 2012 | — | — | 6.00 | |
| Dividend | 12 Jul 2011 | — | — | 5.00 | |
| Dividend | 15 Jul 2010 | — | — | 3.50 | |
| Dividend | 15 Jul 2009 | — | — | 2.50 | |
| Dividend | 17 Jul 2008 | — | — | 2.50 | |
| Dividend | 06 Sep 2007 | — | — | 1.50 | |
| Dividend | 06 Jul 2006 | — | — | 1.00 | |
| Other | 28 Jul 2005 | — | — | — | Agm |
| Dividend | 02 Aug 2001 | — | — | 1.20 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update24 Jul from fitch
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Rating update27 Apr from crisil
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Rating update18 Feb from crisil
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Rating update7 Nov 2025 from fitch
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Rating update27 Dec 2024 from crisil
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Rating update21 Nov 2024 from fitch
Conference Calls
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