Lodha Developers logo

Lodha Developers

LODHA NSE

Key Fundamentals

LargecapResidential Commercial ProjectsRealty
Market Cap
1.1L Cr
Volatility
Moderate
P/E Ratio
27.04
EBITDA
₹5,364 Cr
Return on Equity
14.64%
Debt to Equity
0.42
Book Value
₹228.57
EPS
₹19.37
52W High
₹1,344.95
52W Low
₹650.8

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

1
  • Company has delivered good profit growth of 58.4% CAGR over last 5 years

Weaknesses

3
  • Stock is trading at 4.79 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% lower than 3Y
Net Income Growth
24% lower than 3Y
Cash Flow Change
-38.73% higher than 3Y
ROE
7.1% lower than 3Y
ROCE
-3.06% lower than 3Y
EBITDA Margin (Avg.)
1.39% lower than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
AI opinion · based on fundamentals
Risk high

Lodha Developers (Macrotech Developers) commands a market cap of ₹108,967 Cr at a PE of 28.4x and PB of 5.13x. The company has delivered strong compounded profit growth of 58% CAGR over five years and TTM sales growth of 26%, though ROE at 13.6% over three years remains modest relative to the premium valuation.

Bull Case 7
  • Exceptional profit growth with 58% CAGR over 5 years and 56% CAGR over 3 years, indicating strong operating leverage and execution
  • TTM sales growth of 26% and 3-year compounded sales CAGR of 21% reflect sustained top-line momentum in a cyclical sector
  • 5-year compounded sales CAGR of 25% demonstrates consistent demand capture across real estate cycles
  • ROE has improved from 13% (5-year average) to 15% in the last year, showing a positive trajectory in capital efficiency
  • TTM profit growth of 39% outpaces TTM sales growth of 26%, suggesting margin expansion and improving cost discipline
  • 3-year stock CAGR of 14% and 5-year stock CAGR of 18% indicate the market has rewarded the company's growth execution over time
  • 10-year ROE of 14% shows the company has maintained reasonable returns through multiple real estate cycles including downturns
Bear Case 8
  • Stock trades at 5.13x book value, well above typical realty sector multiples, leaving limited margin of safety
  • Promoter holding decreased by 1.96% in the last quarter, which may signal dilution or reduced insider confidence
  • 3-year average ROE of 13.6% is modest given the premium PB of 5.13x — investors are paying a high price per unit of equity return
  • PE of 28.4x is elevated for a cyclical real estate business where earnings can be lumpy and project-dependent
  • 1-year stock CAGR of -1% indicates recent price stagnation despite strong underlying profit growth of 39% TTM
  • 10-year compounded sales CAGR of only 7% reveals that the recent high growth is a departure from a much slower long-term trend
  • Dividend yield of just 0.37% provides negligible income cushion for investors in a high-valuation stock
  • 10-year compounded profit CAGR of 17% is significantly lower than the 5-year figure of 58%, suggesting recent growth may be partly recovery-driven rather than structural

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 2h ago
Positives 2
  • Full ownership of Bellissimo Infratech Aug 31

    Lodha acquired the remaining 20% stake in Bellissimo Infratech for ₹73.52 crore, making it a wholly owned subsidiary and strengthening its Pune expansion strategy.

  • 21 launches targeting ₹24,000 crore Aug 17

    Lodha plans to launch 21 housing projects by March 2027 with a combined revenue potential of approximately ₹24,000 crore, signaling an aggressive residential scale-up.

Neutral 2
  • EGM for merger scheme approval Sep 4

    Lodha has scheduled an EGM on October 9, 2026, to approve the merger by absorption of Roselabs Finance and National Standard (India), per NCLT order dated August 6, 2026.

  • Kunal Gandhi appointed as SMP Aug 31

    Kunal Gandhi has been appointed Senior Management Personnel effective September 1, 2026, replacing Tikam Jain who ceased to be SMP due to organizational restructuring.

TL;DR: Lodha is in active growth mode, pursuing full subsidiary ownership in Pune and planning 21 project launches worth ₹24,000 crore by March 2027. No material headwinds emerged in the recent news cycle. Corporate actions like the merger scheme and leadership changes are routine housekeeping. The trend is constructive, with the key monitorable being execution on the ambitious launch pipeline.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 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%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Lodha Developers insights

62 extracted metrics + investor summaries across FY15–FY27.

Log in — free

Shareholding Pattern

Others0.67%Promot.70.31%Public1.80%DIIs3.57%FIIs23.65%As ofJun 2026

Documents

Frequently Asked Questions about Lodha Developers

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 trades as LODHA on the NSE and under code 543287 on the BSE.
Which sector does Lodha Developers Ltd belong to?
Lodha Developers Ltd is classified under the Realty sector, in the Residential Commercial Projects industry.
What is the market capitalisation of Lodha Developers Ltd?
Lodha Developers Ltd has a market capitalisation of ₹1,08,967 Cr, which places it in the Large Cap band.
What is the PE ratio of Lodha Developers Ltd?
Lodha Developers Ltd trades at a PE ratio of 27.04, on earnings per share of ₹19.37, against a book value of ₹228.57 per share.
What is the 52-week high and low of Lodha Developers Ltd?
Over the last 52 weeks Lodha Developers Ltd has traded between ₹650.8 and ₹1,344.95.
Does Lodha Developers Ltd pay dividends?
Lodha Developers Ltd has a dividend yield of 0.37%.
What is the Return on Equity (ROE) of Lodha Developers Ltd?
Lodha Developers Ltd reported a return on equity of 14.64%. Its debt-to-equity ratio is 0.42.

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]

Website lodhagroup.com
Listed 2021-04-19
Face Value ₹ 10
Issued Size 99,87,47,143

For AI agents and developers

Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/LODHA.md for Lodha Developers Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.

Append .md to any Tapetide URL for the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live, structured queries instead of documents, use our MCP server.

Explore More

More in Realty → FII DII Data Stock Screener Nifty 50 Heatmap F&O Ban List