Mahindra Lifespace Developers Ltd. benchmarking: Performance to industry peers

Financial

	Mahindra Life. Dev	Puravankara	Ashiana Housing
Operational Metrics
Real Estate
Sales Realization / Sqft - Residential	9533.33 Rs/Sqft	n/a	7268.0 Rs/Sqft
Cost of Borrowing	6.7 %	11.08 %	n/a
Inventory - Residential	3.38 Mn Sqft	9.31 Mn Sqft	0.19 Mn Sqft
Area Under Construction - Residential	13.35 Mn Sqft	31.18 Mn Sqft	n/a
Financials
5 yr Average ROE	4.55 %	2.55 %	3.42 %
5yr average Equity Multiplier	2.22	5.56	2.97
5yr Average Asset Turnover Ratio	0.09	0.14	0.21
5yr Avg Net Profit Margin	15.12 %	2.61 %	3.32 %
Price to Book	2.05	2.58	3.62
P/E	23.97	0.0	26.13
5yr Avg Cash Conversion Cycle	3703.36 Days	2451.29 Days	3823.43 Days
Inventory Days	2742.02 Days	2021.17 Days	1161.0 Days
Days Receivable	120.56 Days	86.66 Days	27.61 Days
Days Payable	273.36 Days	-31.95 Days	-415.23 Days
5yr Average Interest Coverage Ratio	6.76	1.16	2.34
5yr Avg ROCE	-4.25 %	19.49 %	6.07 %
5yr Avg Operating Profit Margin	-44.69 %	21.21 %	8.4 %
5 yr average Debt to Equity	0.34	1.69	0.21
5yr CAGR Net Profit	n/a	102.49 %	60.36 %
5yr Average Return on Assets	1.66 %	0.27 %	1.01 %
Shareholdings
Promoter Holding	52.41 %	75.0 %	61.11 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	1.11 %	0.0	-0.11 %
Change in Mutual Fund Holding (3 Yrs)	2.22 %	-0.35 %	-0.45 %

	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 Industrial Cities & Clusters 0 Residential 0 Development of real estate property 0 Real Estate 100.0	Product Wise Break-Up Industrial Cities & Clusters 0 Residential 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 Pune 13.0 Jaipur 0 Cochin 9.0 Mumbai 13.0 Hydrabad 0 India 0 Gurgaon 0 Bangalore 0 Jodhpur 0 Chennai 18.0 Nagpur 0 0 Jamshedpur 0 Bhiwadi 0 West India 0 NCR 0 Others 47.0	Location Wise Break-Up Pune 12.0 Jaipur 23.0 Cochin 0 Mumbai 0 Hydrabad 0 India 0 Gurgaon 32.0 Bangalore 0 Jodhpur 0 Chennai 11.0 Nagpur 0 0 Jamshedpur 12.0 Bhiwadi 10.0 West India 0 NCR 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	-	-