Mahindra Lifespace Developers Ltd.

Financial

	Mahindra Life. Dev	Puravankara	Ashiana Housing
Operational Metrics
Real Estate Sector
Sales Realization / Sqft - Residential	7741.38 Rs/Sqft	n/a	6774.0 Rs/Sqft
Cost of Borrowing	8.1 %	11.35 %	n/a
Inventory - Residential	7.17 Mn Sqft	8.84 Mn Sqft	0.25 Mn Sqft
Area Under Construction - Residential	13.38 Mn Sqft	35.75 Mn Sqft	n/a
Financials
5 yr Average ROE	3.67 %	3.43 %	1.95 %
5yr average Equity Multiplier	2.22	4.79	2.38
5yr Average Asset Turnover Ratio	0.09	0.16	0.23
5yr Avg Net Profit Margin	15.12 %	5.27 %	0.64 %
Price to Book	3.84	3.94	4.07
P/E	72.89	0.0	86.87
5yr Avg Cash Conversion Cycle	3703.36 Days	4007.86 Days	569.57 Days
Inventory Days	2742.02 Days	1894.45 Days	1047.57 Days
Days Receivable	120.56 Days	85.72 Days	14.85 Days
Days Payable	273.36 Days	134.34 Days	92.52 Days
5yr Average Interest Coverage Ratio	6.76	1.31	1.78
5yr Avg ROCE	-4.25 %	19.93 %	4.29 %
5yr Avg Operating Profit Margin	-44.69 %	22.56 %	4.95 %
5 yr average Debt to Equity	0.34	1.48	0.18
5yr CAGR Net Profit	n/a	-13.8 %	n/a
5yr Average Return on Assets	1.66 %	0.75 %	0.39 %
Shareholdings
Promoter Holding	52.43 %	75.0 %	61.11 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	1.1 %	0.0	-0.11 %
Change in Mutual Fund Holding (3 Yrs)	1.46 %	-1.51 %	0.76 %

Business

	Mahindra Life. Dev	Puravankara	Ashiana Housing
Product Wise Break-Up	Product Wise Break-Up Residential 85.0 Industrial Cities & Clusters 15.0 Real Estate 0 Development of real estate property 0	Product Wise Break-Up Residential 0 Industrial Cities & Clusters 0 Development of real estate property 0 Real Estate 100.0	Product Wise Break-Up Residential 0 Industrial Cities & Clusters 0 Real Estate 100.0 Real Estate 0
Segment Break-Up	Segment Break-Up Others 100	-	-
Location Wise Break-Up	Location Wise Break-Up MMR (Mumbai, Boisar, Palghar, Thane, Kalyan and Alibaug) 34.5 Pune 26.33 Bangalore 22.28 NCR 14.34 Chennai 2.55 Nagpur 0 Mumbai 0 West India 0 Cochin 0 Hydrabad 0 India 0 Gurgaon 0 Jamshedpur 0 Jaipur 0 Jodhpur 0 Bhiwadi 0	Location Wise Break-Up Hydrabad 0 Bhiwadi 0 West India 0 Jaipur 0 India 0 NCR 0 0 Mumbai 12.0 Bangalore 0 Cochin 9.0 Jamshedpur 0 Gurgaon 0 Chennai 17.0 Jodhpur 0 Pune 13.0 Nagpur 0 Others 49.0	Location Wise Break-Up Hydrabad 0 Bhiwadi 12.0 West India 0 Jaipur 24.0 India 0 NCR 0 0 Mumbai 0 Bangalore 0 Cochin 0 Jamshedpur 5.0 Gurgaon 34.0 Chennai 9.0 Jodhpur 2.0 Pune 14.0 Nagpur 0
Operating Profit Break-Up	Operating Profit Break-Up Others 100	-	-
Customer Segment	Customer Segment 25 to 50 Lacs 79.0 100 to 200 Lacs 14.0 > 200 Lacs 12.0 < 25 Lacs 4.0 75 to 100 Lacs 3.0 50 to 75 Lacs 0	-	-
Asset Break-Up	Asset Break-Up Others 100	-	-