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Motilal Oswal Stays 'Neutral' On Mahindra Lifespace — Here's Why

Motilal Oswal reiterates Neutral rating on the stock with a target price of Rs 345, implying a 2% downside.

<div class="paragraphs"><p>In FY25,&nbsp;Mahindra Lifespace Developers' bookings reached Rs 28 billion, marking a 20% YoY increase and exceeding expectations by 15%. &nbsp;(Photo Source: company website)</p></div>
In FY25, Mahindra Lifespace Developers' bookings reached Rs 28 billion, marking a 20% YoY increase and exceeding expectations by 15%.  (Photo Source: company website)
Mahindra Lifespace Developers has always been a conservative organization. However, the recent boost in business development activity indicates a steady change in strategy, with a clear focus on accelerating growth. Supporting this transition, the company is now in a net cash position and plans to maintain its net D/E comfortably below 0.5x in the long run.
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