This Mahindra Group company delivered over 150% returns in the last two years!

An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 2.65 lakh today. 

Mahindra Lifespaces Ltd, an S&P BSE SmallCap company, has delivered multibagger returns to its shareholders in the last two years. During this period, the company’s share price jumped from Rs 130.79 on 02 February 2021 to Rs 347.90 on 31 January 2023, an increase of 165% in the two-year holding period.

An investment of Rs 1 lakh in the shares of this company two years ago would have turned to Rs 2.65 lakh today.

Mahindra Lifespace Developers Ltd is engaged in the real estate and infrastructure development business of the USD 19.4 billion Mahindra Group, a pioneer of sustainable urbanisation in India.

In the recent quarter Q2FY23, on a consolidated basis, the company’s net revenue grew by 17.81% YoY to Rs 69.79 crore. The PBIDT (ex OI) stood at -Rs 39.36 crore, as against Rs 12.53 crore in the corresponding quarter last year. The company reported a net loss of Rs 34.3 crore against a net profit of Rs 1.4 crore in the corresponding quarter last year.

The company is currently trading at a TTM PE of 45.11x against the industry PE of 77.8x. In FY22, the company delivered an ROE & ROCE of 9.4% and 5.3%, respectively. The company is a constituent of Group A stocks and commands a market capitalisation of Rs 5,428.26 crore.

Today, the scrip of Mahindra Lifespaces Ltd opened at Rs 361.50, which was also the day’s high. Further, the scrip touched an intra-day low of Rs 348.15. So far, 1120 shares have been traded on the bourses.

At 10.30 am, the shares of Mahindra Lifespaces Ltd were trading at Rs 351.10, an increase of 1% from the previous day’s closing price of Rs 347.90 on BSE. The stock has a 52-week high & low of Rs 554.55 and Rs 245.85, respectively on BSE.