realty
Macrotech Developers
LODHA · Nifty 50
₹914.8
Price 2026-06-17
At a Glance
Fundamental
80/100
STRONG
Trust
95/100
Verification
Coverage
44/100
LIMITED
Quick Take
Macrotech Developers scores 80/100 on fundamentals (strong). Macrotech Developers: BROAD EXPANSION regime.
Fundamental Score: 80/100 · STRONG · 2 signals detected
DuPont Analysis
ROE 15.3% broken into three drivers. Each shows how efficiently the company generates returns.
ROE of 15.29% is moderate margin-driven and stable. Net margin of 20.8% × asset turnover of 0.29x × leverage of 2.5x.
What This Means
Net margin of 20.8% means the company keeps ₹20.8 as profit for every ₹100 of revenue. This is a healthy margin. Asset turnover of 0.29x means the company generates ₹0.29 of revenue for every ₹1 of assets. This is a capital-heavy business. Leverage of 2.5x means the company uses moderate debt. Returns are primarily driven by operations, not borrowing.
Margin Structure
Gross
40.6%
Operating
30.7%
Net
20.8%
Gross margin 40.6% → operating margin 30.7% → net margin 20.8%. Margins are IMPROVING. Strong pricing power with stable gross margins suggests the improvement is from operating leverage — sustainable.
Financial Health
Earnings Quality
WEAKCash flow only covers 0.3x of net income — earnings quality is WEAK. Profit may not be converting to cash. Check receivables and inventory.
Debt Sustainability
COMFORTABLEInterest covered 8.1x — very comfortable. Debt service is not a concern. Debt/EBITDA at 1.8x is low — balance sheet has capacity.
Free Cash Flow
MODERATEFCF margin at 4.2% — moderate. Generating cash after investments.
Peer Comparison
Macrotech Developers is compared against 9 peers in the realty sector.
Key Watchpoints
Breaks above ₹961 (+5%)
Trend reversal confirmation
Breaks below ₹869 (-5%)
Further downside risk
Realty sector entering leadership
Sector rotation signal
Detected Patterns
Risk Flags
Liquidity squeeze. Company may struggle to meet short-term obligations without refinancing.
OCF is only 0.3x net income. Profit not converting to cash — aggressive accounting possible.
High refinancing risk. Company needs to roll over debt frequently. Vulnerable to credit market freezes.
Working capital is consuming significant cash. Operational efficiency declining.
Collection cycle changing. Collection improving — positive for cash flow.
Strong insider alignment. Promoters have significant skin in the game.
🔴 2 CRITICAL flags — significant concerns. Investigate before investing.
Data Quality
News Correlation
50 articles scanned for fundamental themes