Mahindra Lifespace Devltd
NSE: MAHLIFE · Residential, Commercial Projects · sector
₹325.95NSE close 2026-10-26
Key numbers
Market cap₹6,955 cr
Price₹325.95
52w high / low₹427 / ₹287
P/E22.3xSector median 18.7x
P/B1.9xSector median 1.4x
Book value₹171.5
Dividend yield0.86%Sector median 0.54%
ROE8.5%Sector median 5.5%
ROCE4.2%Sector median 6.5%
OPM2.4%Sector median 12.1%
Debt / equity0.17xSector median 0.36x
EV/EBITDA136.3xSector median 17.7x
Interest cover14.0x
Current ratio1.47x
Sales growth 3y+24.8%Sector median +16.6%
Profit growth 3y+43.1%Sector median +28.0%
PEG0.72x
Last 12 months to Sep 2026, Consolidated. "Sector median" = middle value of 141 companies in Residential, Commercial Projects (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹623 cr vs borrowings ₹645 cr (FY26): borrowings are higher by ₹23 cr.
- Operating profit covered interest 14.0x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 5 of the last 5 years (FY26, FY25, FY24, FY23, FY22).
- Net loss in 1 of the last 8 quarters.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 50% of net profit in the last 12 months.
- Debtor days went from 184 (FY24) to 71 (FY26).
- Dividend paid in 4 of the last 5 financial years.
- Price ₹325.95 on 2026-10-26: -23.7% from the 52-week high, +13.7% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹544.80 · low ₹285.00
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 167 | 9 | 32 | 18 | 459 | 670 | 962 | 32 |
| EBITDA | -25 | -55 | -55 | -52 | 56 | -44 | 94 | -55 |
| OPM % | -15.2% | -597.2% | -172.1% | -298.8% | 12.1% | -6.6% | 9.8% | -169.7% |
| Other income | 18 | 46 | 9 | 16 | 10 | 54 | 15 | 72 |
| Net profit | -22 | 85 | 51 | 48 | 109 | 89 | 86 | 16 |
| EPS (₹) | -1.45 | 5.49 | 2.93 | 2.47 | 5.43 | 4.42 | 4.01 | 0.77 |
| Revenue YoY | +174.5% | +7,147.0% | +2,909.5% | +84.6% | ||||
| Profit YoY | – | +5.0% | +66.9% | -65.9% |
Consolidated figures where filed. Latest quarter Sep 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 394 | 607 | 212 | 372 | 1,178 | 2,123 |
| EBITDA | 7 | -42 | -171 | -170 | -96 | 51 |
| Net profit | 155 | 101 | 98 | 61 | 297 | 300 |
| EPS (₹) | 10.48 | 6.56 | 6.34 | 3.95 | 14.64 | 14.63 |
| Revenue growth | +54.1% | -65.0% | +75.5% | +216.5% | +839.3% | |
| Profit growth | -34.5% | -3.1% | -37.6% | +385.1% | +85.5% | |
| Dividend / share (₹) | – | 2.00 | 2.30 | 2.65 | 2.80 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +24.8% | +47.9% | +839.3% |
| Net profit | +43.1% | – | +85.5% |
| EPS | +30.7% | – | – |
| Share price | – | -18.2% (2y) | -13.1% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,806 | 1,873 | 1,896 | 3,627 |
| Borrowings | – | 265 | 873 | 1,432 | 645 |
| Cash & equivalents | – | 274 | 193 | 316 | 623 |
| Total assets | – | 3,611 | 4,963 | 6,421 | 8,295 |
| Fixed assets | – | 14 | 24 | 25 | 26 |
| Capital work in progress | – | 5 | 5 | 5 | 10 |
| Investments | – | 709 | 827 | 844 | 1,181 |
| Receivables | – | 129 | 107 | 139 | 228 |
| Inventory | – | 2,098 | 3,378 | 4,462 | 5,175 |
| Payables | – | 192 | 195 | 233 | 484 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -52 | -148 | -661 | -542 | -545 |
| Cash from investing | 123 | 28 | 214 | 273 | -145 |
| Cash from financing | 12 | -28 | 489 | 416 | 531 |
| Capex | 13 | 14 | 16 | 15 | 18 |
| Free cash flow | -65 | -162 | -677 | -557 | -563 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 5.6% | 5.2% | 3.2% | 8.2% |
| ROCE % | – | -0.1% | -4.3% | -2.9% | -0.7% |
| Debtor days | – | 78 | 184 | 136 | 71 |
| Inventory days | – | 1,490 | 6,494 | 5,436 | 1,876 |
| Payable days | – | 136 | 374 | 284 | 175 |
| Cash conversion cycle (days) | – | 1,432 | 6,304 | 5,288 | 1,772 |
| Working capital days | – | 558 | 2,502 | 1,547 | 613 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 52.40% |
| FIIs | 7.36% |
| DIIs | 22.80% |
| of which Mutual funds | 20.64% |
| of which Insurance | 1.64% |
| Government | 0.00% |
| Public (non-institutions) | 17.45% |
| Quarter | Mar 2025 | Jun 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 51.14% | 52.43% | 52.43% | 52.42% | 52.41% | 52.41% | 52.41% | 52.40% |
| Promoter group | % |
|---|---|
| Mahindra and Mahindra Limited | 52.40% |
| Mahindra Steel Service Centre Limited | 0.00% |
| Mahindra First Choice Wheels Limited | 0.00% |
| Gromax Agri Equipment Limited (Formerly known as Mahindra Gujarat Tractor Limited) | 0.00% |
| Mahindra Agri Solutions Limited (Formerly known as Mahindra Shubhlabh Services Limited) | 0.00% |
| Mahindra Overseas Investment Company (Mauritius) Limited | 0.00% |
| Mahindra Investment Company Mauritius Ltd (Formerly known as Mahindra-BT Investment Company (Mauritius) Limited) | 0.00% |
| Mahindra Accelo Limited (Formerly known as Mahindra Intertrade Limited) | 0.00% |
| Mahindra Holidays & Resorts India Limited | 0.00% |
| Mahindra Hotels and Residences India Limited | 0.00% |
| Mahindra Holdings Limited | 0.00% |
| NBS International Limited | 0.00% |
| Mahindra & Mahindra Financial Services Limited | 0.00% |
| Mahindra Insurance Brokers Limited | 0.00% |
| Mahindra Rural Housing Finance Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| SBI Elss TAX Saver Fund and ITS SUB Accounts | 6.54% |
| Kotak Large CAP Fund and ITS SUB Accounts | 4.92% |
| ICICI Prudential Elss - TAX Saver Fund A/C and ITS SUB Accounts | 3.53% |
| Bandhan Multi CAP Fund and ITS SUB Accounts | 2.92% |
| Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Small CAP Fund | 2.01% |
| Kotak Funds - India Midcap Fund | 1.57% |
| HDFC Life Insurance Company Limited and ITS Shareholders’ Solvency Margin Account | 1.33% |
1,23,693 shareholders. Pledged: 0.00% of promoter shares.
Peers in Residential, Commercial Projects
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| DLF | ₹1,63,939 cr | 35.9x | 3.6x | 10.3% | 6.3% | 14.8% | +12.9% | 0.90% |
| LODHA | ₹97,912 cr | 23.7x | 4.2x | 19.0% | 17.9% | 32.2% | +20.8% | 0.43% |
| PHOENIXLTD | ₹67,737 cr | 52.9x | 6.2x | 11.9% | 15.4% | 59.1% | +18.8% | 0.13% |
| PRESTIGE | ₹60,152 cr | 52.8x | 3.7x | 7.2% | 10.5% | 28.1% | +15.1% | 0.12% |
| OBEROIRLTY | ₹57,522 cr | 21.9x | 3.0x | 14.7% | 16.9% | 57.1% | +12.8% | 0.51% |
| GODREJPROP | ₹45,942 cr | 28.7x | 2.4x | 8.8% | 6.9% | -7.7% | +31.6% | – |
| BRIGADE | ₹17,781 cr | 25.6x | 2.6x | 11.2% | 10.9% | 27.0% | +18.3% | 0.35% |
| ANANTRAJ | ₹16,514 cr | 27.8x | 2.9x | 11.6% | 11.1% | 27.0% | +37.9% | 0.15% |
| SOBHA | ₹12,247 cr | 64.1x | 2.6x | 4.1% | 6.5% | 6.5% | +16.2% | 0.26% |
| MAHLIFE | ₹6,955 cr | 22.3x | 1.9x | 8.5% | 4.2% | 2.4% | +24.8% | 0.86% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-03 | Dividend | Dividend - Rs 3.50 Per Share |
| 2025-07-18 | Dividend | Dividend - Rs 2.80 Per Sh |
| 2025-05-23 | Rights | Rights 3:8 @ Premium Rs 247/- |
| 2024-07-12 | Dividend | Dividend - Rs 2.65 Per Share |
| 2023-07-19 | Dividend | Annual General Meeting/Dividend - Rs 2.30 Per Share |
| 2022-07-19 | Dividend | Dividend - Rs 2 Per Share |
| 2021-09-14 | Bonus | Bonus 2:1 |
| 2019-07-18 | Dividend | Annual General Meeting/ Dividend - Rs 6 Per Share |
| 2018-07-19 | Dividend | Annual General Meeting/Dividend Rs 6/- Per Share |
| 2017-07-13 | Dividend | Annual General Meeting/ Dividend - Rs 6/- Per Share |
| 2017-03-30 | Rights | Rights 1:4 @ Premium Rs 282/- |
| 2016-07-20 | Dividend | Annual General Meeting/ Final Dividend - Rs 6/- Per Share |
| 2015-07-22 | Dividend | Annual General Meeting/Dividend Rs 6/- Per Share |
| 2014-09-25 | Dividend | Interim Dividend Rs.6/- Per Share |
| 2014-07-30 | Dividend | Annual General Meeting And Dividend Rs.6/-Per Share |
| 2013-07-11 | Dividend | Annual General Meeting / Dividend Rs.6/- Per Equity Share |
| 2012-07-12 | Dividend | Annual General Meeting And Dividend Rs.6/- Per Share |
| 2011-07-12 | Dividend | Annual General Meeting And Dividend Rs.5/- Per Share |
| 2010-07-15 | Other | Agm/Div-Rs.3.50 Per Share |
| 2009-07-15 | Dividend | Agm/Dividend - 25% |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Construction: Construction of 100% green certified Residential buildings and Operation and maintenance of Integrated Cities and Industrial Clusters
| Sector | Consumer Discretionary |
| Industry | Residential, Commercial Projects |
| Sub-industry | Residential, Commercial Projects |
| Symbol | MAHLIFE |
| BSE code | 532313 |
| ISIN | INE813A01018 |
| Face value | ₹10.0 |
| Incorporated | 1999-03-16 |
| Website | www.mahindralifespaces.com |
| Plants (India / abroad) | 0 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.