Macrotech Developers Ltd Share Price – NSE /  BSE

Realty, Mid Cap

The agency has reaffirmed the company?s short-term rating at '[ICRA] A1+?.

ICRA stated that the rating upgrade factors in the steady increase in MDL?s pre-sales and collections, which is expected to sustain in the coming years, thereby translating into an improvement in cash flow from operations (CFO) and comfortable leverage metrics.

ICRA notes that over the medium to long term, the share of the warehousing and retail segments in cash flows is likely to improve, providing stability to the overall cash flows from operations.

The ratings positively factor in the management?s guidance to maintain healthy cash surplus/liquidity cushion, which, along with the expected increase in the share of rental inflows from the warehouse and retail segments, will mitigate some impact of the cyclicality in the residential segment.

The ratings note MDL?s strong leadership position in the Mumbai and Thane residential real estate markets as well as the Group?s established track record of over four decades, underpinned by more than 100-plus million square feet of deliveries till March 2025.

The ratings factor in the execution and market risks resulting from the large expansion plans with a pipeline of over 85 million square feet for future project launches including offices, retail and warehousing as of March 2025. The timely launch of these projects, along with healthy sales and collection momentum, would be critical for improving the operational cash flow generation.

Nonetheless, ICRA takes comfort from MDL?s established track record of project execution and strong brand presence, which aid sales velocity.

While the company is making conscious steps towards diversifying its geographical footprint, the share of Mumbai Metropolitan Region (MMR) is likely to remain high (60-70%) in the medium term. The company is also exposed to the cyclicality in the residential real estate market.

Macrotech Developers is one of the largest real estate developers in India with a market leader position in Mumbai and Thane. MDL is focused on residential development in the MMR, with presence in Pune and Bengaluru. As of March 2025, it developed 100-plus million square feet of space with nearly 35 million square feet of ongoing developable area and approximately 85 million square feet of planned launches. The company has one of the largest land banks in the country, totalling over 4,080 acres as of March 2025.

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Macrotech Developers has allotted 14,916 equity shares of Rs 10/- each on 26 May 2025, pursuant to the Macrotech Developers Limited - Employee Stock Option Scheme 2021 ? II.

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Macrotech Developers has allotted 1,74,267 equity shares of Rs 10/- each on 07 May 2025, pursuant to the Macrotech Developers Limited - Employee Stock Option Scheme 2021 & Macrotech Developers Limited - Employee Stock Option Scheme 2021 - II.

Powered by Capital Market - Live News

Macrotech Developers has allotted 14,916 equity shares of Rs 10/- each on 26 May 2025, pursuant to the Macrotech Developers Limited - Employee Stock Option Scheme 2021 ? II.

Powered by Capital Market - Live News

Macrotech Developers has allotted 1,74,267 equity shares of Rs 10/- each on 07 May 2025, pursuant to the Macrotech Developers Limited - Employee Stock Option Scheme 2021 & Macrotech Developers Limited - Employee Stock Option Scheme 2021 - II.

Powered by Capital Market - Live News

Revenue from operations rose 5.12% YoY to Rs 4,224.3 crore in the quarter ended 31 March 2025.

The realtor reported quarterly pre-sales of Rs 4,810 crore in Q4 FY25, reflecting a 14% growth on a YoY basis. Collections grew by 26% YoY to Rs 4,440 crore during the quarter.

The company stated that it has added 10 new projects with a Gross Development Value (GDV) of Rs 23,700 crore in FY25.

Profit before tax stood at Rs 1,186.5 crore in the March 2025 quarter, registering a growth of 35.05% on a YoY basis.

Adjusted EBITDA jumped 8.95% to Rs 1,460 crore in Q4 of FY25 as against Rs 1,340 crore recorded in Q4 FY24. Adjusted EBITDA margin improved to 34.6% in Q4 FY25 as compared to 33.4% registered in the same period a year ago.

On a full-year basis, the company's consolidated net profit jumped by 78.44% to Rs 2,764.3 crore on a 33.57% rise in revenue to Rs 13,779.5 crore in FY25 over FY24.

Abhishek Lodha, MD & CEO, Macrotech Developers, said, ?Our best-ever quarterly and annual performance showcases the buoyancy in demand for high-quality homes in India from a top-notch brand like Lodha. Driven by the strength of our brand, we delivered pre-sales of Rs 176 billion for FY25, thus meeting our guidance of delivering consistent and predictable 20% growth - now for four consecutive years since our IPO. Our focus on profitable growth has resulted in strong margins and Return on Equity (RoE), which provides us with continued strength to grow. Our strong collections are also indicative of our capability to convert sales into cash flow in a timely manner.

We are extremely pleased that this is the fifth consecutive quarter of achieving pre-sales greater than Rs 40 billion thus showcasing our predictable business model. The quarter also saw the strongest ever collections performance of Rs 44.4 billion, which showcases the strong execution capability of the organization.

I would like to highlight that our micro-market-led supermarket strategy enabled us to deliver Rs 25 billion of presales in the Western Suburbs of MMR, registering 140% growth on a YoY basis. Our new business development for FY25 across MMR, Pune, and Bengaluru stands at around Rs 237 billion of GDV (10 projects), thus surpassing our full-year guidance.

During Q4, we added two more projects in Pune with a GDV of Rs 43 billion. With this, we now have nine locations across Pune. Having achieved over Rs 25 billion of pre-sales in Pune in FY25, the larger base of projects sets us on a path to further increase our market share and continue to grow towards becoming the No. 1 developer in Pune. Similarly, we have entered FY26 with five locations in Bengaluru, setting the stage for our growth phase.

Despite investments in business development in this quarter, we further reduced our net debt by Rs 3.1 billion to Rs 39.9 billion (0.2x net debt/equity)?well below our ceiling of 0.5x net debt/equity. This is on the back of strong operating cash flow generation of Rs 23.4 billion during the quarter. On the back of strong operating and financial performance, India Ratings upgraded our credit rating to AA/Stable. Our exit cost of debt continues to go down and stands at 8.7% (down around 10 bps during the quarter)?among the lowest in the industry.?

Meanwhile, the company?s board has recommended a final dividend of Rs 4.25 per equity share. The final dividend will be paid to shareholders holding equity shares as of the record date, which will be determined by the company after approval by the members at the ensuing 30th Annual General Meeting.

Macrotech Developers (Lodha Group) is among the largest real estate developers in India that has delivered with scale since the 1980s. The core business of Lodha Group is residential real estate development with a focus on affordable and mid-income housing.

The counter shed 0.82% to Rs 1,309.50 on the BSE.

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The agency has reaffirmed the company?s short-term rating at '[ICRA] A1+?.

ICRA stated that the rating upgrade factors in the steady increase in MDL?s pre-sales and collections, which is expected to sustain in the coming years, thereby translating into an improvement in cash flow from operations (CFO) and comfortable leverage metrics.

ICRA notes that over the medium to long term, the share of the warehousing and retail segments in cash flows is likely to improve, providing stability to the overall cash flows from operations.

The ratings positively factor in the management?s guidance to maintain healthy cash surplus/liquidity cushion, which, along with the expected increase in the share of rental inflows from the warehouse and retail segments, will mitigate some impact of the cyclicality in the residential segment.

The ratings note MDL?s strong leadership position in the Mumbai and Thane residential real estate markets as well as the Group?s established track record of over four decades, underpinned by more than 100-plus million square feet of deliveries till March 2025.

The ratings factor in the execution and market risks resulting from the large expansion plans with a pipeline of over 85 million square feet for future project launches including offices, retail and warehousing as of March 2025. The timely launch of these projects, along with healthy sales and collection momentum, would be critical for improving the operational cash flow generation.

Nonetheless, ICRA takes comfort from MDL?s established track record of project execution and strong brand presence, which aid sales velocity.

While the company is making conscious steps towards diversifying its geographical footprint, the share of Mumbai Metropolitan Region (MMR) is likely to remain high (60-70%) in the medium term. The company is also exposed to the cyclicality in the residential real estate market.

Macrotech Developers is one of the largest real estate developers in India with a market leader position in Mumbai and Thane. MDL is focused on residential development in the MMR, with presence in Pune and Bengaluru. As of March 2025, it developed 100-plus million square feet of space with nearly 35 million square feet of ongoing developable area and approximately 85 million square feet of planned launches. The company has one of the largest land banks in the country, totalling over 4,080 acres as of March 2025.

Powered by Capital Market - Live News

Macrotech Developers has allotted 14,916 equity shares of Rs 10/- each on 26 May 2025, pursuant to the Macrotech Developers Limited - Employee Stock Option Scheme 2021 ? II.

Powered by Capital Market - Live News

Macrotech Developers has allotted 1,74,267 equity shares of Rs 10/- each on 07 May 2025, pursuant to the Macrotech Developers Limited - Employee Stock Option Scheme 2021 & Macrotech Developers Limited - Employee Stock Option Scheme 2021 - II.

Powered by Capital Market - Live News

Macrotech Developers has allotted 14,916 equity shares of Rs 10/- each on 26 May 2025, pursuant to the Macrotech Developers Limited - Employee Stock Option Scheme 2021 ? II.

Powered by Capital Market - Live News

Macrotech Developers has allotted 1,74,267 equity shares of Rs 10/- each on 07 May 2025, pursuant to the Macrotech Developers Limited - Employee Stock Option Scheme 2021 & Macrotech Developers Limited - Employee Stock Option Scheme 2021 - II.

Powered by Capital Market - Live News

Revenue from operations rose 5.12% YoY to Rs 4,224.3 crore in the quarter ended 31 March 2025.

The realtor reported quarterly pre-sales of Rs 4,810 crore in Q4 FY25, reflecting a 14% growth on a YoY basis. Collections grew by 26% YoY to Rs 4,440 crore during the quarter.

The company stated that it has added 10 new projects with a Gross Development Value (GDV) of Rs 23,700 crore in FY25.

Profit before tax stood at Rs 1,186.5 crore in the March 2025 quarter, registering a growth of 35.05% on a YoY basis.

Adjusted EBITDA jumped 8.95% to Rs 1,460 crore in Q4 of FY25 as against Rs 1,340 crore recorded in Q4 FY24. Adjusted EBITDA margin improved to 34.6% in Q4 FY25 as compared to 33.4% registered in the same period a year ago.

On a full-year basis, the company's consolidated net profit jumped by 78.44% to Rs 2,764.3 crore on a 33.57% rise in revenue to Rs 13,779.5 crore in FY25 over FY24.

Abhishek Lodha, MD & CEO, Macrotech Developers, said, ?Our best-ever quarterly and annual performance showcases the buoyancy in demand for high-quality homes in India from a top-notch brand like Lodha. Driven by the strength of our brand, we delivered pre-sales of Rs 176 billion for FY25, thus meeting our guidance of delivering consistent and predictable 20% growth - now for four consecutive years since our IPO. Our focus on profitable growth has resulted in strong margins and Return on Equity (RoE), which provides us with continued strength to grow. Our strong collections are also indicative of our capability to convert sales into cash flow in a timely manner.

We are extremely pleased that this is the fifth consecutive quarter of achieving pre-sales greater than Rs 40 billion thus showcasing our predictable business model. The quarter also saw the strongest ever collections performance of Rs 44.4 billion, which showcases the strong execution capability of the organization.

I would like to highlight that our micro-market-led supermarket strategy enabled us to deliver Rs 25 billion of presales in the Western Suburbs of MMR, registering 140% growth on a YoY basis. Our new business development for FY25 across MMR, Pune, and Bengaluru stands at around Rs 237 billion of GDV (10 projects), thus surpassing our full-year guidance.

During Q4, we added two more projects in Pune with a GDV of Rs 43 billion. With this, we now have nine locations across Pune. Having achieved over Rs 25 billion of pre-sales in Pune in FY25, the larger base of projects sets us on a path to further increase our market share and continue to grow towards becoming the No. 1 developer in Pune. Similarly, we have entered FY26 with five locations in Bengaluru, setting the stage for our growth phase.

Despite investments in business development in this quarter, we further reduced our net debt by Rs 3.1 billion to Rs 39.9 billion (0.2x net debt/equity)?well below our ceiling of 0.5x net debt/equity. This is on the back of strong operating cash flow generation of Rs 23.4 billion during the quarter. On the back of strong operating and financial performance, India Ratings upgraded our credit rating to AA/Stable. Our exit cost of debt continues to go down and stands at 8.7% (down around 10 bps during the quarter)?among the lowest in the industry.?

Meanwhile, the company?s board has recommended a final dividend of Rs 4.25 per equity share. The final dividend will be paid to shareholders holding equity shares as of the record date, which will be determined by the company after approval by the members at the ensuing 30th Annual General Meeting.

Macrotech Developers (Lodha Group) is among the largest real estate developers in India that has delivered with scale since the 1980s. The core business of Lodha Group is residential real estate development with a focus on affordable and mid-income housing.

The counter shed 0.82% to Rs 1,309.50 on the BSE.

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