Buy Macrotech Developers, target price Rs 1415: Motilal Oswal

Motilal Oswal has buy call on Macrotech Developers Ltd. with a target price of Rs 1415. The current market price of Macrotech Developers is Rs 1199.55.

Macrotech Developers Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 124477.35 Crore) operating in Real Estate sector.

Macrotech Developers Ltd. key Products/Revenue Segments include Property Development, Land Development Rights, Other Operating Revenue, Rental Income and Building Materials for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 4083.90 Crore, up 38.03 % from last quarter Total Income of Rs 2958.70 Crore and up 24.82 % from last year same quarter Total Income of Rs 3271.71 Crore. Company reported net profit after tax of Rs 667.70 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 72.16 per cent stake in the company as of 31-Mar-2024, while FIIs owned 23.79 per cent, DIIs 3.3 per cent.