Mahesh Developers Ltd (MAHESH)

About

Mahesh Developers Ltd operates in Residential, Commercial Projects within the Consumer Discretionary sector.

Face value: ₹10

Market cap

₹7 Cr

P/E

—

P/B

1.6×

Dividend yield

0%

ROE

3.5%

ROCE

1.2%

Debt / equity

2.85

OPM

—

EPS (TTM)

₹-0.2

Book value

₹9.9

52-week high

—

52-week low

—

921 historical price candles were omitted because the exchange source has not been verified.

₹15.8-5%1Y

Quick read

rule-based

Pros

+Profit CAGR of 26% over the last 3 years
+High promoter holding of 72.3% with no pledge

Cons

−Low return on equity of 1.8% (3-yr avg)
−Heavily leveraged (debt/equity 2.8)

Research score

Structured signal from quality, growth, valuation and momentum.

60/100

Business quality: 0
Growth: 87
Valuation: 95

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Lodha Developers LimitedLODHALODHA	₹1,10,460 Cr	₹1,20,344 Cr	₹18,181 Cr	₹5,859 Cr	29.5%	₹4,126 Cr	20.6%	20.1%	15.8%	1,405
The Phoenix Mills LimitedPHOENIXLTDPHOENIXLTD	₹69,017 Cr	₹74,313 Cr	₹4,545 Cr	₹2,714 Cr	59.6%	₹1,280 Cr	35.2%	12.4%	11.4%	734
Prestige Estates Projects LimitedPRESTIGEPRESTIGE	₹64,006 Cr	₹78,992 Cr	₹13,053 Cr	₹3,675 Cr	29.2%	₹1,139 Cr	10.3%	13.6%	7.5%	2,755
Oberoi Realty LimitedOBEROIRLTYOBEROIRLTY	₹63,797 Cr	₹66,613 Cr	₹6,322 Cr	₹3,572 Cr	55.9%	₹2,630 Cr	41.7%	17.5%	14.9%	1,581
Godrej Properties LimitedGODREJPROPGODREJPROP	₹48,065 Cr	₹63,680 Cr	₹5,203 Cr	₹-458 Cr	-8.1%	₹1,600 Cr	35.9%	12.5%	10.1%	6,464
Anant Raj LimitedANANTRAJANANTRAJ	₹20,797 Cr	₹21,403 Cr	₹2,551 Cr	₹688 Cr	26.1%	₹579 Cr	22.2%	12%	11.2%	236
Brigade Enterprises LimitedBRIGADEBRIGADE	₹18,579 Cr	₹24,688 Cr	₹5,532 Cr	₹1,465 Cr	25.1%	₹695 Cr	12.7%	11.1%	10.3%	938
Horizon Industrial Parks LimitedHORIZONINDHORIZONIND	₹14,025 Cr	₹20,910 Cr	₹691 Cr	₹531 Cr	76.9%	₹-198 Cr	-29.5%	3.3%	-5.9%	-46
Sobha LimitedSOBHASOBHA	₹12,968 Cr	₹13,970 Cr	₹5,617 Cr	₹364 Cr	6%	₹231 Cr	3.7%	7.4%	4.2%	17,827
Aditya Birla Real Estate LimitedABRELABREL	₹12,293 Cr	₹17,929 Cr	₹450 Cr	₹-375 Cr	-88.2%	₹-116 Cr	-83%	-4.4%	-2.7%	22,467
Sri Lotus Developers And Realty LimitedLOTUSDEVLOTUSDEV	₹11,244 Cr	₹11,374 Cr	₹840 Cr	₹299 Cr	36.5%	₹257 Cr	31.6%	22.3%	16.7%	840
Signatureglobal (India) LimitedSIGNATURESIGNATURE	₹10,376 Cr	₹13,317 Cr	₹2,282 Cr	₹-126 Cr	-1.9%	₹1,044 Cr	42.2%	3.4%	85%	1,407

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2025	Mar 2026
Revenue	0	0	0	0	0
COGS	0	-1	6	-0	-0
	0	0	0	0	0
	-0	0	-6	0	0
OPM %	—	—	—	—	—
Depreciation	0	0	0	0	0
Interest	0	0	0	0	0
	0	0	7	0	0
Profit before tax	-0	0	0	0	0
Tax	0	0	0	0	0
Tax %	0%	22.2%	22.2%	33.3%	26.3%
	-0	0	0	0	0
PAT margin %	—	—	—	—	—
EPS (₹)	-0.3	0.2	0.2	0.1	0.3
EPS adjusted (₹)	-0.3	0.2	0.2	0.1	0.3
Annual report	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2025	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	4	4	4	4	4	4
Reserves	1	2	-0	-0	-0	-0
Minority interest	—	—	0	—	—	—
	17	16	7	11	11	12
	4	11	28	30	33	33
Total equity & liabilities	27	33	39	44	47	49
	4	3	3	3	3	3
CWIP	16	21	—	—	—	0
Investments	0	0	0	—	0	0
	7	9	36	41	44	46
Total assets	27	33	39	44	47	49

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	0	1	8	0	1	-1
	-0	0	0	-4	-1	-0
	0	-2	-8	3	0	1
Net cash flow	0	0	0	—	0	0
Free cash flow	0	1	8	—	1	-1
CFO / Operating profit %	—	272.3%	—	—	—	-372.2%

Compounded profit growth

7 years: —
5 years: —
3 years: 26%
1 year: 600%

Return on equity

7 years: —
5 years: 1%
3 years: 2%
Last year: 3%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2021	Mar 2022	Mar 2023	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	—	—
EBITDA margin %	—	—	—	—	—
EBIT margin %	—	—	—	—	—
PAT margin %	—	—	—	—	—
Working capital
Receivable days	—	—	—	—	—
Inventory days	—	—	—	—	—
Payable days	—	—	—	—	—
NWC days	—	—	—	—	—
Leverage
Current ratio	0.78	0.33	1.18	1.12	1.14
Debt to EBITDA	—	33.34	—	361.67	64.72
Debt to equity	3.28	2.76	1.88	2.75	2.85
Interest coverage	—	1.2	1.2	—	—
Asset turnover	0	0	0	0	0
Return ratios
Return on assets %	-0.5%	0.2%	0.2%	0%	0.3%
Return on capital employed %	-0.6%	2.2%	2.9%	0.2%	1.2%
Return on equity %	-2.7%	1.2%	1.8%	0.5%	3.4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	72.29%	72.29%	72.29%	72.29%
FII	0%	0%	0%	0%
	0.05%	0.05%	0.05%	0.05%
Government	0%	0%	0%	0%
	27.66%	27.66%	27.66%	27.66%
No. of shareholders	9,921	9,919	9,916	9,914

Promoter holding up 0 percentage points since Sep 2025.

3 deals · 7 Jan 2022 – 30 Nov 2023

Date	Client	Type	Venue	Side	Quantity	Price	Value
30 Nov 2023	VIVEKANAND NARAINDAS GANGARAMANI	Bulk	BSE	Sell	20,800	₹8.35	₹0.02 Cr
12 Jan 2022	LAXMIPAT DUDHERIA	Bulk	BSE	Buy	24,281	₹16.98	₹0.04 Cr
7 Jan 2022	LAXMIPAT DUDHERIA	Bulk	BSE	Buy	25,000	₹16.25	₹0.04 Cr

1–3 of 3

1 / 1

Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mahesh Ratilal SapariyaManaging Director
Ratilal Ambabhai SapariyaExecutive Director & Chief Financial Officer
Mr. Nikunj ShahExecutive Director
Ms. Jalpa Mahesh SapariyaNon-Executive Woman Director
Jayram Sunderdas MulchandaniNon Executive Independent Director
Mrs. Mittal Vipul MehtaNon-Executive - Independent Director
Ms. BarshaCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Mahesh Developers Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

10

Annual reports

7

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results14 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

6 announcementsExport CSV

30 Sept 2026, 3:56 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

28 Sept 2026, 1:23 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

22 Sept 2026, 12:53 pmCompany Update

General Update

General PDF

4 Sept 2026, 9:08 pmAGM/EGM

Shareholder Meeting- AGM On 30Th September, 2026

AGM PDF

4 Sept 2026, 8:54 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

2 Sept 2026, 6:56 pmOthers

Board Meeting Outcome for Outcome Of The Board Meeting Held On 2Nd September, 2026.

Outcome without intimation PDF

Date	Category	Subject	Filing
30 Sept 2026, 3:56 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
28 Sept 2026, 1:23 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window

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Mahesh Developers Ltd

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded profit growth

Return on equity

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Board meetings1

Announcements

Announcements

Annual reports

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Not in the F&O segment

Board meetings1

No fund holdings on record

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded profit growth

Return on equity

1

1