Real estate stock jumps 3% after acquiring 100% stake in Janus logistics

Real estate stock jumps 3% after acquiring 100% stake in Janus logistics
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Real estate stock jumps 3% after acquiring 100% stake in Janus logistics

One of the large-cap stocks engaged in the business of real estate development and is the largest real estate developer in terms of presales and development pipeline in India with a presence in MMR, Pune, and Bangalore. The stock has surged by 3 percent after the acquisition of a 100% stake in Janus Logistics and Industrial Parks Private Limited 

Stock price movement: 

In Monday’s trading session, Macrotech Developers Limited’s share jumped by 3 percent from the previous close of Rs. 1,253.45. The stock opened at Rs. 1,255 and is currently trading at Rs. 1,291, with a high of Rs. 1,300 and a low of Rs. 1,245.70. The market capitalization now stands at approximately Rs. 1,28,620.80 crore. 

What Happened 

Macrotech Developers Limited has acquired a 100% stake in Janus Logistics and Industrial Parks Private Limited (JLIPPL) through a share purchase agreement. The acquisition will be completed on November 29, 2024, valued at Rs. 47.94 crore. 

This acquisition aligns with Macrotech’s strategy for expanding its annuity income through digital infrastructure, specifically in the industrial and logistics sector under the Lodha Industrial and Logistics Park (LILP) brand. 

New Projects 

The company has added several new projects to its portfolio, including 4 projects with INR 55bn of GDV in Pune and Bangalore, representing over 75% of its full-year guidance of Rs. 210 billion. 

The company has also entered the growth phase in Bengaluru with a locally empowered team, doubled its stake in the digital infrastructure platform to 66.7%, and acquired 45 acres of land in Chennai for warehousing. 

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Recent quarter results and ratios: 

Macrotech Developers Limited’s revenue has increased from Rs. 1,750 crore in Q2 FY24 to Rs. 2,626 crore in Q2 FY25, which has grown by 50.06 percent. The net profit of Macrotech Developers Limited has also grown by 108.37 percent, from Rs. 203 crore in Q2 FY24 to Rs. 423 crore in Q2 FY25. 

Macrotech Developers Limited’s revenue and net profit have grown at a CAGR of 23.71 percent and 218.72 percent, respectively, over the last three years. 

In terms of return ratios, the company’s ROCE and ROE should be 11.1 percent and 10.7 percent, respectively. The debt-to-equity ratio of the company is to be 0.44x. Macrotech Developers Limited’s EPS is to be Rs. 20.9.

Company Overview: 

Macrotech Developers Limited is one of India’s largest real estate developers, and specializing in residential, premium, luxury housing, and industrial projects. With a significant presence in Mumbai Metropolitan Region (MMR), Pune, and recently entering Bengaluru in November 2023, the company has a robust portfolio, including prominent projects like Palava, Upper Thane, Lodha Park, and Lodha World Towers. 

It also focuses on luxury developments such as Lodha Altamount and Lodha Seamont, alongside townships in Palava and Upper Thane. Additionally, Macrotech operates in the UK market, expanding its global footprint. 

Written By – Nikhil Naik 

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