External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

Mahindra Lifespace Developers Ltd / Equity Bottom-Up

Mahindra Lifespace Developers Ltd (MLIFE IN)

<ul><li>ICICI Securities research report onMahindra Lifespace Developers After Mahindra Lifespace Developers’ (MLIFE) current MD and CEO, Mr. Amit Kumar Sinha, took over from May’23, the company had unveiled a strategy of reaching INR 80-100bn of annual residential plus industrial cluster sales by CY28 or 5x in 5 years (CY23-28), while near-term focus remained on achieving its guidance of INR 30bn of residential + industrial cluster (IC) sales by FY25.</li><li>The company has taken its first step towards reaching its long-term targets by clocking INR 23.3bn of sales bookings in FY24 driven by Kandivali, Mumbai launch in Q4FY24, which clocked sales bookings of over INR 8bn.</li><li>driven by Kandivali, Mumbai launch in Q4FY24, which clocked sales bookings of over INR 8bn. We expect the company’s residential bookings to scale up further to INR 28.4bn in FY25E and INR 35.5bn in FY26E.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

ICICI Securities research report onMahindra Lifespace Developers After Mahindra Lifespace Developers’ (MLIFE) current MD and CEO, Mr. Amit Kumar Sinha, took over from May’23, the company had unveiled a strategy of reaching INR 80-100bn of annual residential plus industrial cluster sales by CY28 or 5x in 5 years (CY23-28), while near-term focus remained on achieving its guidance of INR 30bn of residential + industrial cluster (IC) sales by FY25.The company has taken its first step towards reaching its long-term targets by clocking INR 23.3bn of sales bookings in FY24 driven by Kandivali, Mumbai launch in Q4FY24, which clocked sales bookings of over INR 8bn.driven by Kandivali, Mumbai launch in Q4FY24, which clocked sales bookings of over INR 8bn. We expect the company’s residential bookings to scale up further to INR 28.4bn in FY25E and INR 35.5bn in FY26E.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Mahindra Lifespace Developers - Growth Story on Track