Macrotech Developers Ltd

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LODHA •
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Start SIP in Macrotech Developers Ltd
Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
214.36% Gain from 52W Low
30.1
TTM PE Ratio
High in industry
66.2
Price to Book Ratio
High in industry
8.5
Dividend yield 1yr %
Low in industry
0.1
TTM PEG Ratio
PEG TTM is less than 1
0.1
RSI
RSI is mid-range
56
MFI
MFI is mid-range
66.8

Macrotech Developers Ltd Key Financials

*All values are in ₹ Cr.

Macrotech Developers Ltd shareholding Pattern

Promoter
74.9%
Foreign Institutions
21.1%
Mutual Funds
0.6%
Domestic Institutions
3.2%
Public
0.8%

Macrotech Developers Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
16
Bearish Moving Averages
0
5Day EMA
1,091.80
10Day EMA
1,087.30
12Day EMA
1,087.10
20Day EMA
1,085.30
26Day EMA
1,080.50
50Day EMA
1,044.20
100Day EMA
961.00
200Day EMA
841.40
Delivery & Volume
Resistance & Support
1,126.52
Pivot
Resistance
First Resistance
1,148.03
Second Resistance
1,178.52
Third Resistance
1,200.03
Support
First Support
1,096.03
Second support
1,074.52
Third Support
1,044.03
Relative Strength Index
55.98
Money Flow Index
66.84
MACD
6.65
MACD Signal
8.91
Average True Range
53.05
Average Directional Index
17.84
Rate of Change (21)
-1.28
Rate of Change (125)
58.75

Macrotech Developers Ltd Company background

Founded in: 1995
Managing director: Abhishek Mangal Prabhat Lodha
Macrotech Developers Limited (Formerly known Lodha Developers Limited) was incorporated on September 25th, 1995. Lodha Group is among the largest real estate developers in India and has been involved in the real estate business since 1980s. Being as an Indian multinational real estate company headquartered in Mumbai, India, the Company developed residential commercial properties in Mumbai, Thane, Hyderabad, Pune and London.The Company commenced operations in Mumbai, developing affordable housing projects in the suburbs of Mumbai, and later diversified into other segments and regions in the MMR and Pune. Some of the notable projects include Lodha Altamount, The World Towers, Lodha Bellissimo, Trump Tower Mumbai and Lodha Park. Moreover, the Company is presently credited for developing Palava, an integrated smart city near Mumbai. The Company commenced operations in Mumbai, developing affordable housing projects in the suburbs of Mumbai, and later diversified into other segments and regions in the MMR and Pune. Some of the notable projects include Lodha Altamount, The World Towers, Lodha Bellissimo, Trump Tower Mumbai and Lodha Park. Moreover, the Company is presently credited for developing Palava, an integrated smart city near Mumbai. The Company also develop commercial real estate, as part of mixeduse developments in and around our core residential projects to bring vibrancy to our residential developments. The Company created several brands including Lodha, CASA by Lodha and Crown Lodha Quality Homes for its affordable and midincome housing projects, the Lodha and Lodha Luxury brands for premium and luxury housing projects, and the iThink, Lodha Excelus, Lodha Supremus and Lodha Signet brands for office. The Company have over 90 completed projects comprising a staggering 80 million square feet of developable area, of which nearly 60 million square feet is in affordable and mid income housing. Currently, the Company is engaged in developing more than 50 ongoing and planned projects across 75 million square feet of area and recognized for quality, focus on details, and elegant craftsmanship.To bring new ideas, the Company collaborated with globally renowned names from Armani/Casa, Jade Jagger, Buro Happold, Pei Cobb Freed Partners to reimagining personalised service in luxury with Saint Amand. Few of the worlds finest developments include the iconic The World Towers which have transformed the skyline of Mumbai, Lodha Altamount one of the most exclusive addresses, and Palava Indias No.1 Smart City. The Companys large ongoing portfolio of affordable and midincome housing projects include Palava (Navi Mumbai, Dombivali Region), Upper Thane (Thane outskirts), Amara (Thane), Lodha Sterling (Thane), Lodha Luxuria (Thane), Crown Thane (Thane), Bel Air (Jogeshwari), Lodha Belmondo (Pune), Lodha Splendora (Thane) and Casa Maxima (Mira Road). The large townships are located at Palava (Navi Mumbai, Dombivali Region) and Upper Thane (Thane outskirts).The premium and luxury housing projects include Lodha Park (Worli), Lodha World Towers (Lower Parel), Lodha Venezia (Parel) and New Cuffe Parade (Wadala). In addition, the Group have a few projects under the Lodha Luxury brand, which comprises smallscale, highvalue developments such as Lodha Altamount (Altamount Road), Lodha Seamont (Walkeshwar) and Lodha Maison (Worli).As a part of industrial logistics park portfolio, the Lodha Group are developing a logistics and industrial park spread over 800 acres of land near Palava, which is strategically located near the Jawaharlal Nehru Port, the proposed international airport in Navi Mumbai and the industrial hub of Taloja. The Company seeks to utilize more of land parcel in Palava Upper Thane and take it up to 3,500 acres over a period. The Company have monetized nearly 165 acres of land in the Palava Logistics Industrial Park (PLIP) either through JVs with reputed investors such as Morgan Stanley or through outright sales to some of the marquee global players like FM Logistics a French 3PL firm. Thus, so far, the Company already monetized more than 255 acres of the industrial park segment through JV or outright sale.In September 2007, the Deutsche Bank made an investment of Rs 1,640 crore (US218 million) by subscribing to the compulsorily convertible debentures (CCDs) of Lodhas subsidiary, Cowtown Land Development Limited.In May of the year 2010, Macrotech Developers emerged the highest bidder to acquire a 22.5acre plot in Wadala, Mumbai, for Rs 4,053 crore (US538 million) from Mumbai Metropolitan Region Development Authority (MMRDA).In December 2012, the Company acquired Washington House, a residential building owned by the US consulate on Altamont Road, for Rs 341.82 crore (US45 million), which was developed into Lodha Altamount. Further, the Company purchased a 17 acres land in Mumbais prime location from DLF for about Rs 2,700 crore (US359 million), nearly four times higher than the price at which DLF had bought the land in 2005.In September 2013, the Group partnered with Donald Trump for development of Trump Tower Mumbai, an 800fttall, 77storey residential tower in Lower Parel, Mumbai. and with a number of celebrities to be brand ambassadors, including Aishwarya Rai, Amitabh Bachchan,Akshay Kumar and Twinkle Khanna. In the year of May 2016, it received an investment of Rs 425 crore from Piramal Fund Management for one of Companys project. In 2018, the company bagged CNBC Awaaz Real Estate Award for the project, Lodha Altamount by CNBC.In November 2013, Macrotech Developers Group brought Macdonald House, London a sevenstorey building in central London from the Government of Canada for Rs 3,120 crore (US414 million), thru which the company acquired 87 acres of land in Thane from Clariant Chemicals India for Rs 1,102.5 crore (US146 million).The Board of Directors of the Company at its meeting held on 27 March 2019, have approved a Scheme of Arrangement u/s 230232 of the Companies Act, 2013, between the Company and NCP Commercials Pvt. Ltd. (Resulting Company) and their respective shareholders and creditors for demerger of Project Lodha Excelus, New Cuffe Parade (Demerged Undertaking) and its associated assets and liabilities and transfer and vesting thereof to and in the Resulting Company, as a going concern. The National Company Law Tribunal, Mumbai Bench (NCLT) had approved the above scheme on 01st October 2019. Accordingly, all asset and associated liabilities was transferred from the Company to NCP Commercial Private Limited at its carrying value. Upon demerger of the project, the Company sold off its equity shares in NCP Commercial Private Limited to an unrelated buyer. In terms of the Shareholders Agreement dated 25th March 2020 (Effective Date), in view of changes in the management rights of the Company over relevant activities in Lodha Developers UK Limited (LDUK) and the Companys agreement to sell the legal and beneficial interest representing 24% of the entire issued and paid up ordinary share capital of LDUK at par to its fellow subsidiary within 120 days from the Effective Date, LDUK (including its subsidiaries) ceased to be a subsidiary of the Company and has become a Joint Venture with effect from March 25, 2020. Tata Power Company Limited, an Indian electric utility company based in Mumbai entered into a partnership agreement with Macrotech Developers for setting up EV charging stations in housing societies and offices in September 2021.During the financial year 202021, the Company completed an Initial Public Offering (IPO), comprising a fresh issue of 5,14,40,328 equity shares having a face value of Rs. 10, which got listed on BSE Limited and National Stock Exchange of India Limited with effect from April 19, 2021.During year 202021, the Schemes of Arrangement were approved by the National Company Law Tribunal (NCLT) for Demerger of One Lodha Place into One Place Commercials Private Limited effective September 25, 2020 and amalgamation of Copious Developers and Farms Private Limited and Ramshyam Infracon Private Limited effective June 18, 2021. Withdrawal application for demerger of esidential towers from the Belmondo and Splendora projects into two wholly owned subsidiaries viz Luxuria Complex Private Limited and Renovar Green Consultants Private Limited respectively was approved by NCLT, Mumbai Bench vide Order dated December 18, 2020. During the financial year 202122, Company launched 13 new projects or subsequent phases of existing projects with total salable areaof 5.6 million square feet, which included Codename Premier at Palava, Lodha Woods at Kandivali, Casa Supremo at Mira Road, Lodha Bellagio at Powai in MMR and Lodha Bella Vita in Pune etc. In FY22, it introduced 11 new projects located largely in micromarkets of MMR and Pune currently underserved by them, having 8.8 million square feet of salable area under capital light JDA route of which 4 projects having salable area of 2.0 million square feet were launched in the micromarkets of Western Suburbs, Eastern Suburbs and Pune.As on March 31, 2022, the Company had 29 consolidating subsidiaries, of which 18 subsidiaries were considered as joint ventures and 2 associates, including 1 associate was considered as a subsidiary. Digirealty Technologies Private Limited, Bellissimo Digital Infrastructure Development Management Private Limited, Thane Commercial Tower A Management Private Limited, Bellissimo Digital Infrastructure Investment Management Private Limited, Palava Induslogic 4 Private Limited and 1GS Quarters Holdings Limited became subsidiaries of the Company during FY22. Copious Developers and Farms Private Limited, Ramshyam Infracon Private Limited and Palava Dwellers Private Limited ceased to be subsidiaries of the Company during FY22. Apart from these, Anantnath Constructions and Farms Private Limited, Sitaldas Estate Private Limited, MMR Social Housing Private Limited, Bellissimo Estate Private Limited, Renovar Green Consultants Private Limited, Kora Constructions Private Limited, Luxuria Complex Private Limited, Odeon Theatres and Properties Private Limited and Palava Industrial and Logistics Park Private Limited ceased to be subsidiaries of the Company on account of mergers in April 2022.During the financial year 202223, the Company launched 12 new projects and subsequent phases of existing projects. Some of the key launches during the year included Lodha Malabar, Lodha Bellevue, Lodha Divino, Ascenza, Crown Kolshet, Villa Royale Palava in MMR, and Lodha Giardino Lodha Panache in Pune etc.During FY 23, Five wholly owned subsidiaries of the Company viz Bellissimo Constructions and Developers Private Limited, Homescapes Constructions Private Limited, Primebuild Developers and Farms Private Limited, Palava Institute of Advanced Skill Training Private Limited and Center for Urban Innovation Private Limited merged with the Company with effect from May 20, 2023.Bellissimo In city FC Mumbai 1 Private Limited and Bellissimo In city FC NCR 1 Private Limited were incorporated during FY 2023. Anantnath Constructions and Farms Private Limited, Sitaldas Estate Private Limited, MMR Social Housing Private Limited, Bellissimo Estate Private Limited, Renovar Green Consultants Private Limited, Kora Constructions Private Limited, Luxuria Complex Private Limited, Odeon Theatres and Properties Private Limited and Palava Industrial and Logistics Park Private Limited ceased to be subsidiaries of the Company on account of mergers during FY23.
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Macrotech Developers Ltd FAQs

Macrotech Developers Ltd shares are currently priced at 1117.55 on NSE and 1117.55 on BSE as of 2/19/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Macrotech Developers Ltd [LODHA] share was 153.82. The Macrotech Developers Ltd [LODHA] share hit a 1-year low of Rs. 355.5 and a 1-year high of Rs. 1225.95.

The market cap of Macrotech Developers Ltd is Rs. 107788.62 Cr. as of 2/19/2024 12:00:00 AM.

The PE ratios of Macrotech Developers Ltd is 70.2 as of 2/19/2024 12:00:00 AM.

The PB ratios of Macrotech Developers Ltd is 8.69 as of 2/19/2024 12:00:00 AM

The Mutual Fund Shareholding was 0.63% at the end of 2/19/2024 12:00:00 AM.

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