Lodha Developers Limited LODHA NSE

Real Estate · Real Estate - Development · India

https://www.lodhagroup.com

Lodha Developers Limited, through its subsidiaries, engages in the development of real estate properties in India. The company is involved in the construction and development of residential, office, and retail properties, as well as leasing of retail and office spaces. It also develops warehousing, logistics, light industrial facilities, and digital infrastructure parks. It develops properties under the LODHA, LODHA LUXURY, and PALAVA brand names. The company was formerly known as Macrotech Developers Limited and changed its name to Lodha Developers Limited in June 2025. Lodha Developers Limited was founded in 1980 and is headquartered in Mumbai, India.

Market & Price

Market Cap

₹93,708.23 Cr

Current Price

₹938.10

High / Low (52W)

₹1,511.02 / ₹677.00

Beta

0.60

Valuation

Stock P/E

27.40

Industry PE

20.49

Forward P/E

19.73

PEG Ratio

Book Value

₹233.12

Price to Book

4.02

P/S

5.62

EV/EBITDA

20.25

Dividend Yield

0.45%

Profitability & Returns

ROCE

18.07%

ROE

15.71%

ROA

5.26%

Profit Margin

20.56%

Op Margin

27.62%

EPS (Latest Qtr)

₹10.07

EPS (TTM)

₹34.24

Balance Sheet & Liquidity

Debt/Equity

0.42

Quick Ratio

0.18

Current Ratio

1.75

Debt

₹9,896.00 Cr

Total Assets

₹58,936.60 Cr

Current Assets

₹54,420.20 Cr

Working Capital

₹23,313.50 Cr

Ownership

Promoter Holding

72.27%

Chg in Prom Hold

FII / Inst Holding

17.80%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹99,630.33 Cr

Total Revenue (TTM)

₹16,676.20 Cr

EBITDA

₹4,920.90 Cr

Free Cash Flow

₹-2,345.45 Cr

Operating Cash Flow

₹959.30 Cr

Shares Outstanding

₹99.89 Cr

Gross Margin

41.25%

Payout Ratio

12.41%

Growth (CAGR)

Revenue 5Y

21.34%

Profit 5Y

91.69%

Revenue (YoY)

7.60%

Earnings (YoY)

9.40%

PROS

Excellent profit margin of 20.6%.
Compounding revenue at 21.3% over 5 years.
Profit CAGR of 91.7% over 5 years.

CONS

Trading 37.9% below its 52-week high.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Real Estate).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	LODHA Lodha Developers Limited NSE	938.10	27.40	₹93,708.23 Cr	0.45%	18.07%	15.71%	21.34%	91.69%
2	DLF DLF Limited NSE	590.60	33.11	₹1.46 L Cr	1.02%	6.35%	10.03%	12.98%	29.44%
3	PHOENIXLTD The Phoenix Mills Limited NIFTY_MIDNSE	1,771.20	50.50	₹63,345.28 Cr	0.14%	11.84%	11.06%	19.36%	-2.86%
4	OBEROIRLTY Oberoi Realty Limited NIFTY_MIDNSE	1,707.10	24.75	₹62,070.53 Cr	0.47%	16.74%	14.91%	12.92%	9.60%
5	PRESTIGE Prestige Estates Projects Limited NIFTY_MIDNSE	1,369.20	49.27	₹58,975.58 Cr	0.13%	12.91%	8.00%	15.58%	8.28%
6	GODREJPROP Godrej Properties Limited NIFTY_MIDNSE	1,762.70	28.74	₹53,093.89 Cr	0.57%	12.01%	9.97%	33.30%	47.94%
7	SOBHA Sobha Limited NIFTY_SMALLNSE	1,418.00	106.38	₹15,166.05 Cr	0.42%	5.80%	4.17%	16.27%	-18.23%
8	ABREL Aditya Birla Real Estate Limited NIFTY_SMALLNSE	1,243.80	-	₹13,753.67 Cr	0.16%	-5.19%	-8.91%	-52.60%	-45.99%
9	SIGNATURE Signatureglobal (India) Limited NIFTY_SMALLNSE	852.70	10.95	₹11,981.35 Cr	-	36.34%	84.88%	18.87%	604.67%

Quarterly Results

Figures in INR.

Metric	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Dec 2025	Mar 2026
Revenue	-	4,083.00 Cr	4,224.30 Cr	3,491.70 Cr	4,672.50 Cr	4,713.50 Cr
Cost of Revenue	-	2,399.50 Cr	2,567.20 Cr	2,095.00 Cr	2,742.50 Cr	2,759.80 Cr
Gross Profit	-	1,683.50 Cr	1,657.10 Cr	1,396.70 Cr	1,930.00 Cr	1,953.70 Cr
Operating Expenses	-	444.80 Cr	514.20 Cr	478.20 Cr	612.40 Cr	651.70 Cr
Operating Income	-	1,238.70 Cr	1,142.90 Cr	918.50 Cr	1,317.60 Cr	1,302.00 Cr
EBITDA	-	1,369.80 Cr	1,416.00 Cr	1,117.20 Cr	1,525.60 Cr	1,541.90 Cr
Interest Expense	-	144.10 Cr	151.70 Cr	147.80 Cr	185.00 Cr	167.40 Cr
Pretax Income	-	1,158.50 Cr	1,186.50 Cr	903.50 Cr	1,243.10 Cr	1,263.90 Cr
Tax Provision	-	213.70 Cr	263.70 Cr	228.40 Cr	285.40 Cr	255.80 Cr
Net Income	-	944.40 Cr	921.70 Cr	674.70 Cr	956.90 Cr	1,007.90 Cr
Diluted EPS	-	9.45	9.22	6.74	9.56	10.07

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	-	9,334.80 Cr	10,197.70 Cr	13,779.50 Cr	16,676.20 Cr
Cost of Revenue	-	6,064.00 Cr	6,202.80 Cr	8,249.60 Cr	9,796.40 Cr
Gross Profit	-	3,270.80 Cr	3,994.90 Cr	5,529.90 Cr	6,879.80 Cr
Operating Expenses	-	1,286.00 Cr	-179.20 Cr	1,813.80 Cr	2,304.30 Cr
Operating Income	-	1,984.80 Cr	4,174.10 Cr	3,716.10 Cr	4,575.50 Cr
EBITDA	-	1,865.20 Cr	3,150.20 Cr	4,376.90 Cr	5,373.40 Cr
Interest Expense	-	1,328.40 Cr	997.60 Cr	549.50 Cr	656.70 Cr
Pretax Income	-	452.50 Cr	2,027.60 Cr	3,555.50 Cr	4,371.30 Cr
Tax Provision	-	-37.00 Cr	473.40 Cr	788.90 Cr	940.60 Cr
Net Income	-	486.70 Cr	1,549.10 Cr	2,764.30 Cr	3,428.20 Cr
Diluted EPS	-	5.05	15.99	27.67	34.25

Compounded Sales Growth

5 Years:	21.34%
1 Year:	7.60%

Compounded Profit Growth

5 Years:	91.69%
1 Year:	9.40%

Stock Price Performance

1 Year:	-35.40%
6 Months:	-19.12%
3 Months:	-12.56%
1 Month:	+2.78%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	-	39,154.90 Cr	47,225.20 Cr	49,840.60 Cr	58,936.60 Cr
Current Assets	-	35,749.70 Cr	44,557.60 Cr	46,945.50 Cr	54,420.20 Cr
Cash & Equivalents	-	1,310.80 Cr	1,827.00 Cr	933.60 Cr	2,702.60 Cr
Inventory	-	30,116.70 Cr	33,993.00 Cr	36,475.90 Cr	40,253.80 Cr
Receivables	-	739.30 Cr	799.90 Cr	776.30 Cr	1,472.00 Cr
Total Liabilities	-	26,432.70 Cr	29,691.20 Cr	29,595.80 Cr	35,507.40 Cr
Current Liabilities	-	23,858.80 Cr	27,427.40 Cr	27,815.90 Cr	31,106.70 Cr
Long Term Debt	-	2,256.80 Cr	1,970.10 Cr	1,216.30 Cr	3,716.20 Cr
Total Debt	-	9,060.30 Cr	7,697.60 Cr	7,094.00 Cr	9,896.00 Cr
Total Equity	-	12,662.60 Cr	17,469.30 Cr	20,177.80 Cr	23,286.20 Cr
Shares Outstanding	-	96.36 Cr	99.45 Cr	99.76 Cr	99.89 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-	2,750.00 Cr	2,512.30 Cr	1,565.60 Cr	959.30 Cr
Investing Cash Flow	-	1,777.80 Cr	-2,947.00 Cr	-90.40 Cr	-780.20 Cr
Financing Cash Flow	-	-3,705.50 Cr	950.90 Cr	-2,505.70 Cr	1,589.20 Cr
Capital Expenditure	-	-90.40 Cr	-169.70 Cr	-474.20 Cr	-250.20 Cr
Free Cash Flow	-	2,659.60 Cr	2,342.60 Cr	1,091.40 Cr	709.10 Cr
Net Change in Cash	-	822.30 Cr	516.20 Cr	-1,030.50 Cr	1,768.30 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	-	35.0%	39.2%	40.1%	41.3%
Operating Margin %	-	21.3%	40.9%	27.0%	27.4%
Net Margin %	-	5.2%	15.2%	20.1%	20.6%
ROE %	-	3.8%	8.9%	13.7%	14.7%
ROCE %	-	13.0%	21.1%	16.9%	16.4%

Shareholding Pattern

Insiders

72.27%

Institutions

17.80%

Public Float

64.20%

Analyst View

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LODHA · Real Estate