Price target for Mahindra Lifespace is RS 550: KSEMA

ET Now Fundamental check with Seshadri Bharathan, MD & CEO, KSEMA Fincon Ltd.

Do you track Mahindra Lifespace and do you like the counter?

Yes, definitely Mahindra Lifespace has very healthy balance sheet. Has low leverage and if you look at the consolidated revenue for FY10 was around Rs 420 Crores, consolidated PAT was around 78.5 Crores, if you value this company STOP Chennai SEZ, Jaipur SEZ and other rental assets put together works out to around 552Rs which works out to around 1.7 times their FY12 adjusted book value of around 300. So my price target for this stock would be around RS 550.