This realty stock almost tripled investors wealth in the last one year! Do you have it in your portfolio?

This realty stock almost tripled investors wealth in the last one year! Do you have it in your portfolio?

by 5paisa Research Team Last Updated: Nov 15, 2021, 03:22 PM IST

An investment of Rs 1 lakh in this stock last year would have turned to Rs 2.82 lakh today. The stock, which was trading at Rs 97.27 on 14 November 2020, closed at Rs 182.11 on Friday, giving returns of 182% YoY.

Mahindra Lifespace Developers Ltd, a company engaged in real estate and infrastructure development business and a part of the USD 19.4 billion Mahindra Group, has turned into a multibagger by giving stellar returns of 182% YoY.

The company is committed to transforming the country’s urban landscape through its residential developments under the ‘Mahindra Lifespaces’ and ‘Mahindra Happinest’ brands and through its integrated cities and industrial clusters under the ‘Mahindra World City’ and ‘Origins by Mahindra World City’ brands. It envisions to grow by more than threefold to achieve sales of Rs 2500 crore by 2025.

Let’s have a look at the company’s strategic approach to growth that helped it turn into a multibagger:

  • Focus on the Mumbai Metropolitan Region (MMR) and Pune as priority markets, with a development potential of 5 to 15 lakh square feet per project. 

  • 3 to 4 land acquisitions annually, in well-developed micro-markets, which have a sales potential of Rs 2000 crore.

On the execution front, to date, the company has achieved the development of 18.45 msft in residential business and has a development footprint of more than 5000 acres via its integrated cities and industrial clusters (IC & IC) business.

Talking about the financial performance in the recent quarter Q2FY22, the company reported excellent YoY performance. However, it should be noted that this performance was mainly an effect of the lower base of last year when the economy was still reeling from the aftereffects of a nationwide lockdown.

During the quarter, on a consolidated basis, the company’s net revenue jumped by 92.46% YoY to Rs 59.24 crore. The PBIDT (ex OI) stood at Rs 12.53 crore, while its corresponding margin stood at 21.15%. The company reported a net profit of Rs 1.49 crore against a net loss of Rs 17.15 crore in the corresponding quarter last year.

At 3 pm, the share price of Mahindra Lifespace Developers Ltd was trading at Rs 271.2, which was a decrease of 1.17% from the previous closing price of Rs 274.4 on Friday.

SENSEX
54,884.66
632.13 (1.17%)
Nifty 50
16,352.45
182.30 (1.13%)
Nifty Bank
35,613.30
518.40 (1.48%)
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SENSEX
54,884.66
632.13 (1.17%)
Nifty 50
16,352.45
182.30 (1.13%)
Nifty Bank
35,613.30
518.40 (1.48%)

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