Buy Mahindra Lifespace Developers, target price Rs 473: HDFC Securities

HDFC Securities has buy call on Mahindra Lifespace Developers with a target price of Rs 473. The current market price of Mahindra Lifespace Developers is Rs 295.25. Time period given by analyst is one year when Mahindra Lifespace Developers Ltd. price can reach defined target.

Mahindra Lifespace Developers Ltd., incorporated in the year 1999, is a Small Cap company (having a market cap of Rs 4375.92 Crore) operating in Real Estate sector.

Mahindra Lifespace Developers Ltd. key Products/Revenue Segments include Income from Project Development, Income from Sale of Commercial Flats, Shops & Plots and Project Management Fees for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 33.32 Crore, down -49.28 % from last quarter Total Income of Rs 65.70 Crore and down -52.53 % from last year same quarter Total Income of Rs 70.19 Crore. Company reported net profit after tax of Rs -24.91 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 51.34 per cent stake in the company as of 31-Dec-2021, while FIIs owned 10.61 per cent, DIIs 17.37 per cent.