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Mahindra Lifespace Developers Limited (MAHLIFE) Fair Value & Analysis

Real Estate · IN · Market cap ₹79.4B

ML Mahindra Lifespace Developers Limited MAHLIFE · NSE
Price₹386.65
Fair Value₹201.93
Upside-47.8%
Quality30/100
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Expensive Growth
Highly profitable · 25.3% net margin
Low debt · negative free cash flow
0.94% dividend yield
Trails peers (4/12)
Narrow moat 37/100
Evidence: Medium Range ₹151.44 – ₹252.41 Share as image

Fair value as of: Aug 13, 2026

From 6 valuation models · updated 4 days ago

Share price +3.5% over the past month.

Below-average quality, and screening another 48% overvalued on our models.

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What matters now

  • The price sits above even our optimistic bull case (₹252.41). The favourable scenario is already priced in.
  • Weak quality (30/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

₹605.35 ₹138.44 Fair Value ₹201.93 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹138.44 – ₹605.35 · fair‑value band ₹151.44 – ₹252.41 · the ₹386.65 price screens above the ₹201.93 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Mahindra Lifespace Developers Limited (MAHLIFE) currently trades at ₹386.65, while our model-based Fair Value estimate is ₹201.93, implying the stock looks roughly 47.8% overvalued today. The Quality Score stands at 30/100 (below-average quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Mahindra Lifespace Developers Limited generated revenue of ₹11.8B at a net margin of 25.3%. It earns a return on equity of 10.8%. Net debt stands at ₹1.3B. The stock trades on a trailing P/E of 26.5. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹151.44 (bear case) to ₹252.41 (bull case); at ₹386.65, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 9% below its 52-week high and 35% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 15% fair-value upside, at -48%, MAHLIFE screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹142.17 ₹152.98 ₹184.19 76
Gordon GGM ₹25.71 ₹53.45 ₹84.79 70
DDM Multi-Stage ₹25.71 ₹45.07 ₹56.10 61
All 6 models by family
Dividend Discount
Gordon GGM ₹25.71 ₹53.45 ₹84.79 70
DDM Multi-Stage ₹25.71 ₹45.07 ₹56.10 61
Multiples
P/S Multiple ₹178.17 ₹237.56 ₹296.95 58
P/B Multiple ₹178.17 ₹237.56 ₹296.95 55
Asset-Based
NCAV (Graham) ₹85.00 ₹113.90 ₹170.00 50
Economic Profit
Residual Income ₹142.17 ₹152.98 ₹184.19 76

Widest divergence: Multiples (₹237.56) versus Dividend Discount (₹45.07). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) ₹11.8B
Revenue growth (YoY) +7,147%
Net margin 25.3%
Return on equity 10.8%
Free cash flow −₹4.9B FY2026
P/E ratio 26.5
More key figures
Operating margin -7.4%
EPS (TTM) ₹14.61
Dividend yield 0.9%
EPS growth (YoY) -19.5%
Net debt ₹1.3B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 30/100

Of which business quality 33 · Market factors (momentum, volatility) 62

Profitability 35
Margins and returns on capital today
Quality Growth 74
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 58
Balance sheet, leverage, solvency risk
Investment 33
Disciplined investing over empire-building
Low Volatility 82
Calm price path (market factor)
Momentum 52
Price trend over the last 3–12 months (market factor)
52W Momentum 58
Distance to the 52-week high (market factor)
Net Issuance 0
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Mahindra Lifespace Developers Limited, together with its subsidiaries, engages in the real estate and infrastructure development business in India. The company engages in the construction, development, and sale of residential and commercial properties; project management; and rental of properties. It also supplies water; and provides sewage services.

Full company description

Mahindra Lifespace Developers Limited, together with its subsidiaries, engages in the real estate and infrastructure development business in India. The company engages in the construction, development, and sale of residential and commercial properties; project management; and rental of properties. It also supplies water; and provides sewage services. The company's development portfolio comprises residential projects under the Mahindra Happinest brand; integrates cities under the Mahindra World City brand; and industrial clusters under the Origins by Mahindra brand. The company was formerly known as Mahindra Gesco Developers Ltd. and changed its name to Mahindra Lifespace Developers Limited in October 2007. Mahindra Lifespace Developers Limited was founded in 1994 and is headquartered in Mumbai, India. Mahindra Lifespace Developers Limited operates as a subsidiary of Mahindra & Mahindra Limited.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Mahindra Lifespace Developers Limited reported revenue of ₹11.8B in FY2026 versus ₹3.9B in FY2022, a compound +31.6%/yr. Reported net income was ₹3.0B in FY2026, compounding +17.9%/yr from FY2022.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹11.8B
Latest YoY
+216.5%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+24.8%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+48.0%
Avg. growth/yr (21Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.3%
Revenue +31.6%/yr
FY22 ₹3.9B
FY23 ₹6.1B
FY24 ₹2.1B
FY25 ₹3.7B
FY26 ₹11.8B
Net income +17.9%/yr
FY22 ₹1.5B
FY23 ₹1.0B
FY24 ₹982M
FY25 ₹613M
FY26 ₹3.0B

MAHLIFE screens 48% overvalued. Compare with DLF Limited →

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Cite: Fair Value Calculator (2026). "Mahindra Lifespace Developers Limited Fair Value". https://www.fairvalue-calculator.com/stock/MAHLIFE

Peer Group

Real Estate - Development · 590 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 32 · Bottom 25%
Fair Value upside −48% · Bottom 25%
Return on equity (TTM) 11% · Top 25%
Return on assets -1% · Bottom 25%
Net margin (TTM) 25% · Top 25%
Operating margin (TTM) -7% · Bottom 25%
Revenue growth 7147% · Top 25%
Dividend yield (TTM) 0.9% · Bottom 25%

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/E (TTM) 26.5× · Pricier than 75% of peers
P/B 2.19× · Pricier than 75% of peers
P/S (TTM) 6.74× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 48
FUTURE 100 · sector 0
PAST 43 · sector 9
HEALTH 100 · sector 85
DIVIDEND 19 · sector 58

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
DLF Limited DLF ₹661.75 ₹146.13 -78%
Lodha Developers Limited LODHA ₹1,209 ₹583.43 -52%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,050 IDR 1,330 IDR -78%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 595.00 IDR 1,488 IDR +150%
PT Sentul City Tbk, BKSL 73.00 IDR 84.16 IDR +15%
PT Ciputra Development Tbk, CTRA 610.00 IDR 1,525 IDR +150%
PT Duta Pertiwi Tbk DUTI 4,300 IDR 6,239 IDR +45%
PT Puradelta Lestari Tbk DMAS 147.00 IDR 164.33 IDR +12%
Phat Dat Real Estate Development Corporation PDR 12,100 VND 4,943 VND -59%

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Frequently asked questions

Is Mahindra Lifespace Developers Limited (MAHLIFE) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹201.93 versus a price of ₹386.65, about −48% (overvalued).
What is the fair value of MAHLIFE?
Our model-based fair value for Mahindra Lifespace Developers Limited is ₹201.93 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹386.65.
What is the quality score of MAHLIFE?
Mahindra Lifespace Developers Limited has a Quality Score of 30/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Mahindra Lifespace Developers Limited (MAHLIFE)?
Mahindra Lifespace Developers Limited reported trailing-twelve-month revenue of about ₹11.8B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of MAHLIFE?
The net profit margin of Mahindra Lifespace Developers Limited is about 25.3%, meaning it keeps roughly 25.3% of revenue as net income. Based on the latest reported figures.
Does Mahindra Lifespace Developers Limited pay a dividend?
Mahindra Lifespace Developers Limited currently shows a dividend yield of about 0.94% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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