Lodha Developers Ltd
LODHA NSE
Lodha Developers Ltd
Realty F&ONSE: LODHA BSE: 543287 Residential Commercial Projects
Key Fundamentals
LargecapResidential Commercial ProjectsRealtyMarket Cap
1.2L Cr
Volatility
Moderate
P/E Ratio
29.84
EBITDA
₹5,364 Cr
Return on Equity
14.64%
Debt to Equity
0.42
Book Value
₹228.62
EPS
₹19.37
52W High
₹1,344.95
52W Low
₹650.8
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Lodha Developers Ltd insights
49 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
1- Company has delivered good profit growth of 58.4% CAGR over last 5 years
Weaknesses
3- Stock is trading at 5.19 times its book value
- Promoter holding has decreased over last quarter: -1.96%
- Company has a low return on equity of 13.6% over last 3 years.
Growth Rate
Revenue Growth
20.82% ↗
Net Income Growth
24.00% ↘
Cash Flow Change
-38.73% ↘
ROE
7.10% ↘
ROCE
-3.06% ↘
EBITDA Margin (Avg.)
1.39% ↘
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 11h agoAI opinion · based on fundamentals
Risk high
Lodha Developers (Macrotech Developers) is a large-cap real estate company with a market cap of ₹1,20,617 Cr, trading at a PE of 29x and PB of 5.25x. The company has delivered strong profit growth of 58% CAGR over five years and TTM sales growth of 26%, though ROE remains moderate at around 14% on a 3-year basis and promoter holding has declined by 1.96% in the last quarter.
Bull Case 8
- Compounded profit growth of 58% CAGR over 5 years demonstrates strong earnings momentum
- TTM sales growth of 26% indicates robust demand and execution capability
- 3-year compounded sales CAGR of 21% shows sustained top-line expansion beyond a single-year spike
- 3-year stock CAGR of 21% reflects market recognition of fundamental improvement
- 5-year stock CAGR of 23% indicates consistent long-term wealth creation for shareholders
- ROE improved to 15% in the last year from a 3-year average of 14%, suggesting improving capital efficiency
- TTM profit growth of 39% continues to outpace sales growth of 26%, indicating margin expansion
- Market cap of ₹1,20,617 Cr positions the company among India's largest listed developers, providing scale advantages in land acquisition and financing
Bear Case 8
- Stock trades at 5.25x book value, well above historical norms for Indian real estate companies
- Promoter holding decreased by 1.96% in the last quarter, signaling potential dilution or lack of promoter confidence
- 3-year average ROE of only 13.6% is modest for a company trading at 29x earnings
- Dividend yield of just 0.35% offers minimal income support to shareholders at current valuations
- PE of 29x is elevated for a cyclical real estate business that can see sharp earnings volatility
- 10-year compounded sales CAGR of only 7% reveals that recent growth is a departure from a much slower long-term trajectory
- 1-year stock return of -1% suggests the market may already be pricing in near-term growth and momentum has stalled
- 10-year compounded profit CAGR of 17% is significantly lower than the 5-year figure of 58%, highlighting the cyclical and lumpy nature of earnings
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 4h ago Headwinds 1
- Temporary new launch delays Jul 30
Management acknowledged temporary launch delays in Q1FY27, though reaffirmed full-year FY27 guidance despite the pushback.
Positives 4
- Q1 profit doubles to ₹1,370Cr Jul 30
PAT surged 103% YoY to ₹1,370 crore in Q1FY27 with 43% revenue growth, driven by strong collections that also fueled debt reduction.
- 20% profit growth forecast Jul 27
Management confirmed a 20% profit growth forecast for coming years, signaling confidence in sustained earnings momentum.
- 130 acres data centre monetized Jul 27
130 acres of the Data Centre Park have been monetized so far, highlighting annuity income potential from strategic land sales.
- 30-35% revenue from new projects Jul 27
Company targets 30-35% revenue from new project launches and 65-70% from ongoing developments, balancing growth with execution visibility.
Neutral 2
- Investor meets Aug-Sep scheduled Aug 7
Lodha has scheduled analyst and investor conferences from August 12 to September 22, 2026 under SEBI Regulation 30.
- Q1FY27 results board approved Jul 25
Unaudited financial results for quarter ended June 30, 2026 were approved by the Board on July 24, 2026.
TL;DR: Lodha Developers is firing on all cylinders with Q1FY27 PAT doubling to ₹1,370 crore, strong collections reducing debt, and a clear 20% profit growth trajectory supported by data centre park monetization. The only near-term risk is temporary new project launch delays, though management has reaffirmed full-year guidance. The trend is decisively improving with earnings momentum, strategic asset monetization, and a balanced revenue mix between new and ongoing projects.
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,617 | 1,750 | 2,931 | 4,018 | 2,846 | 2,626 | 4,083 | 4,224 | 3,492 | 3,798 | 4,672 | 4,714 | 4,997 |
| Expenses | 1,289 | 1,338 | 2,055 | 2,972 | 2,090 | 1,922 | 2,777 | 3,004 | 2,508 | 2,690 | 3,257 | 3,301 | 3,074 |
| Operating Profit | 328 | 412 | 876 | 1,046 | 756 | 704 | 1,306 | 1,220 | 984 | 1,108 | 1,415 | 1,413 | 1,922 |
| OPM % | 20% | 24% | 30% | 26% | 27% | 27% | 32% | 29% | 28% | 29% | 30% | 30% | 38% |
| Other Income | 54 | 6 | -77 | 65 | 72 | 59 | 64 | 196 | 133 | 80 | 110 | 129 | 102 |
| Interest | 124 | 123 | 117 | 116 | 117 | 136 | 144 | 152 | 148 | 156 | 185 | 167 | 179 |
| Depreciation | 24 | 29 | 33 | 117 | 60 | 66 | 67 | 78 | 66 | 71 | 98 | 111 | 69 |
| PBT | 235 | 265 | 649 | 878 | 651 | 560 | 1,158 | 1,186 | 904 | 961 | 1,243 | 1,264 | 1,776 |
| Tax % | 24% | 24% | 22% | 24% | 27% | 24% | 18% | 22% | 25% | 18% | 23% | 20% | 23% |
| Net Profit | 179 | 203 | 505 | 667 | 476 | 423 | 945 | 923 | 675 | 790 | 958 | 1,008 | 1,373 |
| EPS in Rs | 1.85 | 2.09 | 5.22 | 6.69 | 4.78 | 4.25 | 9.47 | 9.24 | 6.76 | 7.9 | 9.58 | 10.09 | 13.73 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 6,236 | 8,249 | 7,926 | 9,677 | 11,907 | 12,443 | 5,449 | 9,233 | 9,470 | 10,316 | 13,780 | 16,676 | 18,181 |
| Expenses | 4,769 | 6,123 | 6,313 | 7,995 | 8,728 | 10,526 | 4,066 | 7,047 | 7,406 | 7,651 | 9,791 | 11,753 | 12,323 |
| Operating Profit | 1,467 | 2,126 | 1,614 | 1,682 | 3,179 | 1,917 | 1,383 | 2,186 | 2,064 | 2,665 | 3,989 | 4,923 | 5,858 |
| OPM % | 24% | 26% | 20% | 17% | 27% | 15% | 25% | 24% | 22% | 26% | 29% | 30% | 32% |
| Other Income | 423 | 510 | 584 | 285 | 72 | 119 | -140 | 293 | -1,037 | 48 | 390 | 452 | 422 |
| Interest | 492 | 988 | 736 | 390 | 568 | 740 | 1,136 | 688 | 482 | 482 | 552 | 659 | 688 |
| Depreciation | 128 | 450 | 460 | 395 | 194 | 292 | 73 | 75 | 93 | 204 | 272 | 345 | 349 |
| PBT | 1,269 | 1,198 | 1,001 | 1,182 | 2,489 | 1,003 | 33 | 1,716 | 452 | 2,028 | 3,556 | 4,371 | 5,244 |
| Tax % | 37% | 41% | 42% | 33% | 34% | 26% | -44% | 30% | -8% | 23% | 22% | 22% | — |
| Net Profit | 798 | 703 | 584 | 794 | 1,644 | 742 | 48 | 1,208 | 490 | 1,554 | 2,767 | 3,431 | 4,129 |
| EPS in Rs | 18.46 | 16.25 | 12.91 | 10.03 | 20.66 | 9.19 | 0.51 | 12.49 | 5.05 | 15.58 | 27.71 | 34.32 | 41.3 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 20% | 14% | 15% | 12% | — |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 108 | 108 | 113 | 396 | 396 | 396 | 396 | 482 | 482 | 994 | 998 | 999 |
| Reserves | 3,186 | 3,865 | 3,920 | 4,756 | 3,445 | 4,156 | 4,203 | 11,624 | 12,181 | 16,475 | 19,180 | 22,287 |
| Borrowings | 11,852 | 13,835 | 16,183 | 22,616 | 25,641 | 18,423 | 18,193 | 11,537 | 9,060 | 7,698 | 7,094 | 9,896 |
| Other Liabilities | 12,752 | 13,173 | 13,715 | 12,483 | 20,382 | 17,717 | 16,516 | 14,763 | 17,399 | 22,031 | 22,325 | 25,497 |
| Total Liabilities | 27,898 | 30,981 | 33,931 | 40,251 | 49,864 | 40,693 | 39,308 | 38,404 | 39,122 | 47,198 | 49,597 | 58,680 |
| Fixed Assets | 2,290 | 1,899 | 1,753 | 2,197 | 2,139 | 2,021 | 1,946 | 1,923 | 1,828 | 1,169 | 1,368 | 2,641 |
| CWIP | 4 | 176 | 109 | 6 | 6 | 6 | 6 | 0 | 0 | 4 | 4 | 10 |
| Investments | 595 | 611 | 1,180 | 1,384 | 1,405 | 1,553 | 1,579 | 574 | 246 | 2,500 | 1,250 | 1,454 |
| Other Assets | 25,008 | 28,295 | 30,888 | 36,664 | 46,314 | 37,112 | 35,776 | 35,908 | 37,048 | 43,524 | 46,976 | 54,575 |
| Total Assets | 27,898 | 30,981 | 33,931 | 40,251 | 49,864 | 40,693 | 39,308 | 38,404 | 39,122 | 47,198 | 49,597 | 58,680 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | — | 387 | 1,469 | 696 | -463 | 3,772 | 2,524 | 1,998 | 2,750 | 2,512 | 1,566 | 959 |
| Investing | — | -854 | -1,174 | -651 | -175 | 182 | 420 | 1,139 | 1,789 | -2,947 | 47 | -780 |
| Financing | — | 330 | -312 | 24 | 736 | -4,188 | -2,835 | -2,888 | -3,706 | 951 | -2,506 | 1,589 |
| Net Cash Flow | — | -137 | -16 | 69 | 97 | -234 | 109 | 250 | 834 | 516 | -893 | 1,769 |
| Free Cash Flow | — | 289 | 1,405 | 654 | -562 | 3,743 | 2,530 | 1,965 | 2,674 | 2,346 | 1,091 | 709 |
| CFO/OP | — | 34 | 119 | 75 | -5 | 201 | 176 | 100 | 143 | 95 | 55 | 39 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 63 | 30 | 28 | 29 | 15 | 23 | 44 | 26 | 28 | 28 | 21 | 32 |
| Cash Conversion Cycle | 63 | 30 | 28 | 29 | 15 | 23 | 44 | 26 | 28 | 28 | 21 | 32 |
| Working Capital Days | 655 | 590 | -166 | -262 | 0 | -31 | 114 | 360 | 387 | 442 | 441 | 420 |
| ROCE % | — | 13% | 9% | 7% | 11% | 6% | 7% | 10% | 9% | 11% | 15% | 16% |
Documents
3
Announcement under Regulation 30 (LODR)-Newspaper Publication
29 Apr - Lodha Developers Limited has informed about Copy of Newspaper Publication pertaining to the postal ballot notice 29 Apr - Lodha Developers Limited has informed about Copy of Newspaper Publication pertaining to the postal ballot notice
4
Announcement under Regulation 30 (LODR)-Newspaper Publication
25 Apr - Copy of Newspaper Publication regarding the Audited Financial Results of the Company for the quarter and financial year ended March 31, 2026. 25 Apr - Copy of Newspaper Publication regarding the Audited Financial Results of the Company for the quarter and financial year ended March 31, 2026.
5
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
27 Apr - Audio recording of FY26 earnings conference call hosted on website. 27 Apr - Audio recording of FY26 earnings conference call hosted on website.
Frequently Asked Questions about Lodha Developers Ltd
What does Lodha Developers Ltd do?
Lodha Developers Ltd is primarily engaged in the business of real estate development. It is among the largest real estate developers in terms of presales and development pipeline in India with a presence in MMR, Pune and entered in Bengaluru market in Nov'23.[1]
Where is Lodha Developers Ltd (LODHA) listed?
Lodha Developers Ltd is listed on the Indian stock exchanges. It is listed on NSE: LODHA and BSE: 543287. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Lodha Developers Ltd belong to?
Lodha Developers Ltd operates in the Realty sector within the Residential Commercial Projects industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Lodha Developers Ltd?
Lodha Developers Ltd has a market capitalisation of approximately ₹120616.52 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Lodha Developers Ltd?
The Price-to-Earnings (PE) ratio of Lodha Developers Ltd is 29.84. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Lodha Developers Ltd?
Over the past 52 weeks, Lodha Developers Ltd has traded between a low of ₹650.8 and a high of ₹1,344.95. This range helps investors understand the stock's price volatility and recent trading levels.
Does Lodha Developers Ltd pay dividends?
Yes, Lodha Developers Ltd has a dividend yield of 0.35%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Lodha Developers Ltd?
Lodha Developers Ltd has a Return on Equity (ROE) of 14.64%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Lodha Developers Ltd on Tapetide?
On Tapetide, you can view Lodha Developers Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Lodha Developers Ltd is primarily engaged in the business of real estate development. It is among the largest real estate developers in terms of presales and development pipeline in India with a presence in MMR, Pune and entered in Bengaluru market in Nov'23.[1]