Monday, September 12, 2022

Mahindra Lifespace Developers Ltd (532313) – Targeting a 2.5-fold jump in its annual sales bookings

Mahindra Lifespace Developers Ltd (532313)  closes   at ₹537.65 with  a   Gain of   +1.20%   on    on    09-September-2022  with formation of  a  Green   Candle    on Daily  Price Chart.

About the Company : Mahindra Lifespace Developers Ltd was incorporated in 1999, it is engaged in the business of development of the real estate, residential facilities, commercial complexes and through its subsidiary companies is involved in various infrastructure projects including the development of SEZs and Industrial Clusters.

Sector Update :  Positive

Refinitiv  Average Score : 06/ 10

Financials : Mahindra Lifespace Developers Ltd  has posted Net Sales / Revenue   of ₹393.60 Cr & Net Profit of   ₹17.30  Cr in FY2022 and expected to post Net Sales / Revenue   of ₹766.30 Cr  & Net Profit of ₹131.80 Cr in FY2023  and Net Sales / Revenue   of ₹1017.10 Cr  & Net Profit of ₹166.00 Cr in FY2023  .

 

Valuations  : The Company is now Trading at X3.50 of its  valuations of  FY2022 (Last 4 Quarters ) earnings with ~350% premium ;  at X4.50 of its FY2023 earnings with ~450%  Premium and at X3.58 of its FY2024 earnings with ~358%  Premium .

EPS  will  improve from 1.10 in FY2022 to 10.7  in FY2023  and RoE from 13.90% to 16.20% during the same period.

Early Trend : Mahindra Lifespace Developers is looking to acquire a few land parcels this fiscal to build housing projects with sales potential of Rs 3,000-4,000 crore and targeting a 2.5-fold jump in its annual sales bookings to Rs 2,500 crore in the next three years.

Margin of Safety (1Yr Bond Yield: Value>1 ) is now  0.30 which  makes is attractive after 70% decline .The  Equity Value Per Share ( Enterprise Value Method ) is  ₹521

If We factor its FY2024 earnings/valuations, its Price arrives at ₹524.

Disclaimer : We are / may going to take exposure shortly.

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Data Source | NSE Website | Screener.In  | Capital Line | Money Control |Refinitiv |

The author tracks economic, behavioural and corporate tends, hoping to gauge good avenues of return based on Fundamental Valuations of Stocks, a follower of EPV method. You can reach me/us at | Twitter # NiftyNext1 |  e-Mail : Mail@NiftyNext.Com  |  Tel +91 8802230836  |  Telegram # TheNiftyNext  Manage your investments the right way With MProfit. Visit https://www.mprofit.inUse Our Referral Link to Get 20% DISCOUNT @ https://www.mprofit.in/buy?referral=R1GD99J496AB1345D

 

 


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