- Macrotech’s net income for Q1 is 4.75 billion rupees, a significant rise from last year’s 1.78 billion rupees but falls short of the estimated 5.09 billion rupees.
- Revenue has increased by 76% year-over-year to 28.5 billion rupees, though it is still below the anticipated 30.45 billion rupees.
- Total costs have grown by 57% year-over-year, reaching 22.67 billion rupees.
- Other income has seen a 32% increase, amounting to 718 million rupees.
- The company’s board has approved the merger of its three listed units: Roselabs Finance, National Standard India, and Sanathnagar Enterprises.
- Roselabs Finance shareholders will receive 7 Macrotech shares for every 1000 shares they hold.
- National Standard shareholders will receive 92 Macrotech shares for every 1000 shares they hold.
- Sanathnagar shareholders will receive 7 Macrotech shares for every 1000 shares they hold.
- Macrotech shares fell by 2.4% to 1,328 rupees, with 885,589 shares traded.
- Investment ratings: 10 buys, 4 holds, and 3 sells.
Macrotech Developers on Smartkarma
Analyst coverage on Macrotech Developers by Clarence Chu on Smartkarma highlights concerns over the company’s recent large deal through a Qualified Institutional Placement (QIP). In the report titled “Macrotech Developers Placement – Large Deal, and Not Cheap Per Se,” Chu points out that Macrotech Developers, also known as LODHA, aims to raise about US$398 million through the QIP. This significant fundraising effort represents a challenge as it equates to 30 days of the company’s three-month Average Daily Volume (ADV). Despite being just 3% of LODHA’s outstanding shares, the deal’s size raises questions about its digestibility within the market.
A look at Macrotech Developers Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Macrotech Developers, a real estate company with a focus on commercial and industrial properties, presents a mixed outlook based on the Smartkarma Smart Scores. While the company shows strong potential for growth with a high score of 5 in that category, it receives moderate ratings for other factors. With a Value score of 2 and a Dividend score of 2, Macrotech Developers may not be considered a standout in terms of these financial aspects. In terms of Resilience, the company scores a 3, indicating a reasonable level of robustness. Momentum, another key factor, is rated at 4, suggesting a positive trend in performance.
Overall, Macrotech Developers‘ Smartkarma Smart Scores point to a company that is positioned for growth, supported by a decent level of resilience and momentum. While the company may not be deemed undervalued or a significant dividend payer based on the given scores, its strength lies in the potential for expansion and the positive trajectory of its performance. As a player in the real estate sector serving customers worldwide, Macrotech Developers appears to be on a growth trajectory, potentially appealing to investors seeking opportunities in this industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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