Mahindra Lifespace Developers

  • Mahindra Group created significant value in the last two decades; MLDL a key priority for the Group
    • Mahindra Lifespaces is identified as a Growth Gem by Mahindra Group 
    • Mahindra Group fully committed to support MLDL’s growth aspirations 
    • MLDL planning to scale its business 5X (Rs 8-10K Cr) over the next 5 years
  • MLDL Residential
    • 50+ projects since 1996 (47.56 msft); 20k+ satisfied customers
    • GDV additions of Rs 18,100 Cr for FY25
    • MLDL is pioneering development of green homes and thoughtfully designed living spaces
    • Pipeline projects to be launched: 33850 crore
  • Strategy plan:
  • Bold ambition Drive profitable growth to 8K - 10K Cr sales (GDV addition of Rs 45K Cr) 
  • Project execution excellence “First time right” approach to quality On-time delivery 
  • Standardization in design and specs
  • Robust BD engine Robust financial discipline 
  • Rigorous IRR tracking Prudent capital allocation Strategic funding to support growth 
  • Systematic BD process, supersized deals Strong approvals engine 
  • Strict adherence to financial guardrails
  • Superior customer experience Superior designs (highest PSI) Sustainability-led themes Customer centric innovation (usable space, large decks)
  • Sales mix is changing; Focus on Premium Residential
    • Affordable: 12% in value terms in FY25 (27% in volume terms)
    • Premium pre FY23: 17% in value terms in FY25 (5% in volume terms)
    • Premium post FY23: 71% in value terms in FY25 (68% in volume terms). Expected to contribute 97% by FY30), of which 80% is expected from land already acquired
    • New launches: ~65% in FY25, expected to go down to 25% by FY30
    • Projects like Bhandup and Thane provide a multi-year stream of sales over the next 7-10 years
  • 70-80% of required land secured
    • Total GDV Potential: 45,000 crore
  • Aggressive scale-up planned (Resi 14x in 10 years)
    • Plan to achieve Rs 10K Cr of sales by FY30
    • Operating plans will be calibrated based on market conditions
  • Strong track record (past 5 years)

  • High visibility in sales plan

  • Focused efforts to strengthen Balance Sheet
    • Net debt to Equity maintained under 0.5x over the last 5 years
    • Rights issue proceeds (Rs 1500 Cr) to be used for – Long term debt repayment – Future acquisitions
    • Post the rights issue, net-worth expected to be Rs ~3,400 Cr
    • Enhanced equity base will enable MLDL to raise debt for future acquisitions as required

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