Macrotech Developers Ltd, a prominent player in India’s real estate landscape, stands as one of the largest developers, notably active in the Mumbai Metropolitan Region (MMR) and Pune markets. Specializing in real estate development, the company has earned a distinguished reputation for its impactful contributions to the sector.
In this comprehensive article, we delve into every aspect of Microtech Developers Ltd, exploring its history, projects, market presence, and the pivotal role it plays in shaping the real estate industry in India.
About Macrotech Developers
Established in the 1980s, Macrotech Developers Ltd (MDL) has evolved into one of India’s largest real estate developers, leaving an indelible mark on the Mumbai Metropolitan Region (MMR) market. With an impressive track record, MDL has successfully developed properties spanning over 85 million square feet (MSF) as of FY23. The company boasts a diverse portfolio, encompassing luxury, premium, mid-income, and affordable segments, with a substantial 60% of its revenue derived from the affordable and mid-income categories.
Geographically, MDL has strategically positioned itself in three key cities: MMR, where it commands a noteworthy 10% market share, Pune, and a pilot phase presence in Bangalore. Currently managing 33 operational projects, MDL is dedicated to its mission of providing quality living spaces. With 40 ongoing and 30 planned residential projects in the pipeline, the company is set to shape the real estate landscape across approximately 95 msf, showcasing its commitment to innovation, quality, and market leadership as it continues to flourish.
Below are the trading platforms that you can use to purchase Macrotech Developers shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| June 2024 | 1,657.80 | 1,441.57 |
| July 2024 | 1,641.22 | 1,427.15 |
| August 2024 | 1,706.87 | 1,484.24 |
| September 2024 | 1,775.15 | 1,543.60 |
| October 2024 | 1,740.34 | 1,513.34 |
| November 2024 | 1,792.55 | 1,558.74 |
| December 2024 | 1,837.36 | 1,597.71 |
Macrotech Developers is projected to see a fluctuating share price in the latter half of 2024, ranging from a minimum of ₹1,427.15 in July to a maximum of ₹1,837.36 in December.
As of June 28, 2024, the company’s market cap stands at ₹1,52,743 Cr with a current price of ₹1,535. Key financial metrics include a high/low of ₹1,650/641, a P/E ratio of 93.8, a book value of ₹176, a dividend yield of 0.06%, an ROCE of 11.1%, an ROE of 10.8%, and a face value of ₹10
| When | Maximum Price | Minimum Price |
| January 2025 | 1,874.11 | 1,441.62 |
| February 2025 | 1,922.16 | 1,478.59 |
| March 2025 | 1,997.13 | 1,536.25 |
| April 2025 | 1,957.97 | 1,506.13 |
| May 2025 | 1,900.94 | 1,462.26 |
| June 2025 | 1,986.48 | 1,528.06 |
| July 2025 | 1,947.53 | 1,498.10 |
| August 2025 | 2,007.77 | 1,544.44 |
| September 2025 | 2,078.04 | 1,598.49 |
| October 2025 | 2,132.07 | 1,640.05 |
| November 2025 | 2,185.37 | 1,681.05 |
| December 2025 | 2,240.00 | 1,723.08 |
Macrotech Developers’ share price is expected to rise in 2025, ranging from ₹1,441.62 in January to ₹2,240.00 in December.
| When | Maximum Price | Minimum Price |
| January 2026 | 2,307.20 | 1,774.77 |
| February 2026 | 2,366.36 | 1,820.28 |
| March 2026 | 2,458.65 | 1,891.27 |
| April 2026 | 2,410.44 | 1,854.19 |
| May 2026 | 2,340.23 | 1,800.18 |
| June 2026 | 2,445.54 | 1,881.19 |
| July 2026 | 2,397.59 | 1,844.30 |
| August 2026 | 2,471.74 | 1,901.34 |
| September 2026 | 2,558.26 | 1,967.89 |
| October 2026 | 2,624.77 | 2,019.05 |
| November 2026 | 2,690.39 | 2,069.53 |
| December 2026 | 2,757.65 | 2,121.27 |
In 2026, Macrotech Developers’ share price is projected to range from ₹1,774.77 in January to ₹2,757.65 in December, indicating significant growth.
| When | Maximum Price | Minimum Price |
| January 2027 | 2,812.80 | 2,163.69 |
| February 2027 | 2,884.93 | 2,219.17 |
| March 2027 | 2,997.44 | 2,305.72 |
| April 2027 | 2,938.66 | 2,260.51 |
| May 2027 | 2,853.07 | 2,194.67 |
| June 2027 | 2,981.46 | 2,293.43 |
| July 2027 | 2,923.00 | 2,248.46 |
| August 2027 | 3,013.40 | 2,318.00 |
| September 2027 | 3,118.87 | 2,399.13 |
| October 2027 | 3,199.96 | 2,461.51 |
| November 2027 | 3,279.96 | 2,523.05 |
| December 2027 | 3,361.96 | 2,586.12 |
In 2027, Macrotech Developers’ share price is expected to range from ₹2,163.69 in January to ₹3,361.96 in December, showing robust growth throughout the year.
| When | Maximum Price | Minimum Price |
| January 2028 | 3,429.20 | 2,637.85 |
| February 2028 | 3,517.13 | 2,705.48 |
| March 2028 | 3,654.30 | 2,811.00 |
| April 2028 | 3,582.64 | 2,755.88 |
| May 2028 | 3,478.29 | 2,675.61 |
| June 2028 | 3,634.82 | 2,796.01 |
| July 2028 | 3,563.55 | 2,741.19 |
| August 2028 | 3,673.76 | 2,825.97 |
| September 2028 | 3,802.34 | 2,924.88 |
| October 2028 | 3,901.20 | 3,000.92 |
| November 2028 | 3,998.73 | 3,075.95 |
| December 2028 | 4,098.70 | 3,152.85 |
| When | Maximum Price | Minimum Price |
| January 2029 | 4,180.67 | 3,215.90 |
| February 2029 | 4,287.87 | 3,298.36 |
| March 2029 | 4,455.10 | 3,427.00 |
| April 2029 | 4,367.74 | 3,359.80 |
| May 2029 | 4,240.53 | 3,261.94 |
| June 2029 | 4,431.35 | 3,408.73 |
| July 2029 | 4,344.46 | 3,341.89 |
| August 2029 | 4,478.83 | 3,445.25 |
| September 2029 | 4,635.59 | 3,565.83 |
| October 2029 | 4,756.11 | 3,658.55 |
| November 2029 | 4,875.01 | 3,750.01 |
| December 2029 | 4,996.89 | 3,843.76 |
| When | Maximum Price | Minimum Price |
| January 2030 | 5,096.83 | 3,920.64 |
| February 2030 | 5,227.51 | 4,021.16 |
| March 2030 | 5,431.39 | 4,177.99 |
| April 2030 | 5,324.89 | 4,096.07 |
| May 2030 | 5,169.80 | 3,976.77 |
| June 2030 | 5,402.44 | 4,155.72 |
| July 2030 | 5,296.51 | 4,074.24 |
| August 2030 | 5,460.32 | 4,200.24 |
| September 2030 | 5,651.43 | 4,347.25 |
| October 2030 | 5,798.36 | 4,460.28 |
| November 2030 | 5,943.32 | 4,571.79 |
| December 2030 | 6,091.91 | 4,686.08 |
Financial Condition Of Macrotech Developers: Last 5 Years
| Financials | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Sales (Rs. Cr.) | 11,907 | 12,443 | 5,449 | 9,233 | 9,470 |
| Expenses (Rs. Cr.) | 8,728 | 10,526 | 4,066 | 7,047 | 7,406 |
| Operating Profit (Rs. Cr.) | 3,179 | 1,917 | 1,383 | 2,186 | 2,064 |
| OPM (%) | 27% | 15% | 25% | 24% | 22% |
| Other Income (Rs. Cr.) | 72 | 119 | -140 | 293 | -1,037 |
| Interest (Rs. Cr.) | 568 | 740 | 1,136 | 688 | 482 |
| Depreciation (Rs. Cr.) | 194 | 292 | 73 | 75 | 93 |
| PBT (Rs. Cr.) | 2,489 | 1,003 | 33 | 1,716 | 452 |
| Tax (%) | 34% | 26% | -44% | 30% | -8% |
| Net Profit (Rs. Cr.) | 1,644 | 742 | 48 | 1,208 | 490 |
| EPS (Rs.) | 20.66 | 9.19 | 0.51 | 12.49 | 5.05 |
- Over the past five years, Macrotech Developers has faced a dynamic financial landscape, witnessing a decline in sales from ₹11,907 crore in 2019 to ₹5,449 crore in 2021, followed by a recovery to ₹9,470 crore in 2023.
- Operating profit margins fluctuated, reaching a peak of 27% in 2019 and stabilizing at 22% in 2023.
- Net profit showed resilience, rebounding to ₹490 crore in 2023 after a challenging period.
- Compounded profit growth over the last five years stood at 10%, highlighting the company’s adaptability.
- The stock price exhibited impressive one-year growth at 109%, indicating renewed investor confidence.
- Return on equity has been consistent, with a last-year figure of 10%, underscoring Macrotech Developers’ commitment to shareholder value.
- Compounded sales growth figures reflect the company’s strategic adjustments to market dynamics: 10 Years: %, 5 Years: 0%, 3 Years: -9%, TTM: -1%.
FAQs
What is Macrotech Developers’ current market cap?
Macrotech Developers presently boasts a market capitalization of ₹1,52,743 crore.
As of now, the share price of Macrotech Developers is valued at ₹1,535.
The anticipated share price target for Macrotech Developers by December 2025 is projected to reach ₹2,240.00.
Looking ahead, the expected share price target for Macrotech Developers by December 2030 is estimated to hit ₹6,091.91.
What is Macrotech Developers’ current P/E ratio?
At present, Macrotech Developers maintains a Price-to-Earnings (P/E) ratio of 93.8.
What is the dividend yield of Macrotech Developers?
Macrotech Developers offers a dividend yield of 0.09%.
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Concluding Remarks: Striking a Balance in Macrotech Developers’ Trajectory
In summary, Macrotech Developers Ltd emerges as a robust force in India’s real estate sector, showcasing substantial growth and financial resilience. With a noteworthy market cap of ₹1,52,743 crore and a rich history dating back to the 1980s, the company has solidified its standing, particularly in the Mumbai Metropolitan Region (MMR) and Pune markets.
While the Q3 FY23-24 results highlight commendable financial achievements, a nuanced perspective reveals potential areas of concern. The stock’s valuation at 7.84 times its book value suggests investor confidence but prompts considerations about its pricing. The -0.43% sales growth over the past five years necessitates strategic recalibration, and the company’s lower return on equity (11.0%) warrants attention.
On a positive note, Macrotech Developers’ prudent debt reduction contributes to enhanced financial stability. However, the company’s tax rate and potential capitalization of interest costs underscore the need for vigilant monitoring. As the company navigates its expansion journey, maintaining equilibrium between innovation and financial prudence will be instrumental for sustained success in the dynamic real estate landscape.
What did we learn?
- 1 About Macrotech Developers
- 2 How to Buy Macrotech Developers Shares?
- 3 Macrotech Developers Share Price Target 2024 – 2030
- 3.1 Macrotech Developers Share Price Target 2024
- 3.2 Macrotech Developers Share Price Target 2025
- 3.3 Macrotech Developers Share Price Target 2026
- 3.4 Macrotech Developers Share Price Target 2027
- 3.5 Macrotech Developers Share Price Target 2028
- 3.6 Macrotech Developers Share Price Target 2029
- 3.7 Macrotech Developers Share Price Target 2030
- 4 Financial Condition Of Macrotech Developers: Last 5 Years
- 5 FAQs
- 5.1 What is Macrotech Developers’ current market cap?
- 5.2 What is the current share price of Macrotech Developers?
- 5.3 What is the share price target for Macrotech Developers in 2025?
- 5.4 What is the projected share price target for Macrotech Developers in 2030?
- 5.5 What is Macrotech Developers’ current P/E ratio?
- 5.6 What is the dividend yield of Macrotech Developers?
- 6 Concluding Remarks: Striking a Balance in Macrotech Developers’ Trajectory
