CMP: 293

Mahindra Lifespace Developers Limited specializes in the construction and operation of commercial and residential property complexes, projects management services and business centers.

Mahindra Lifespace is a decent bet in mid-cap space. Its currently trading at a P/E of little over 11 with decent dividend yields of 1.70% in the last 12 months. Minimal liabilities. Infra and Realty has been under fire generally. But there are few good bets with minimal liabilities and Mahindra Lifespace is one of them. Revenues have grown from 155 Crores to 476 Crores in the last 5 years. Profits have grown more from 14 Crores to 103 Crores backed by NPM growth. NPM has grown impressively from 9% to over 21% over 5 years. Since recession lows of 100 levels, profits have doubled. Buy and accumulate for long term gains.