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Lodha Developers Ltd

₹ 1,112-0.71%
06 Jan – close price
🔗lodhagroup.com•BSE: 543287•NSE: LODHA
Market Cap₹ 1,11,071 Cr.
Current Price₹ 1,112
High / Low₹ 1,534
Stock P/E48.6
Book Value₹ 202
Dividend Yield0.38 %
ROCE14.6 %
ROE13.2 %
Face Value₹ 10.0
Sales₹ 13,708 Cr.
OPM25.8 %
Mar Cap₹ 1,11,071 Cr.

ABOUT

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]

KEY POINTS

About[1]Established in the 1980s, MDL is among India’s largest real estate developers with over 85 million square feet (msf) of developed properties, mostly within the Mumbai Metropolitan Region (MMR). As of FY24, MDL has about 40 operating projects across luxury, premium, mid-income, and affordable segments. Roughly 60% of revenue comes from affordable and mid-income segments.

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsOrder Book PositionLarge Order ReceiptsJv Partnerships AcquisitionsRevenue Guidance Vs ActualsRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.DLF706.3045.30174831.270.851180.09-27.081643.04-16.816.519016.0322.473859.741007.104.077.300.04
2.Lodha Developers1112.1048.59111070.670.38335.60-14.692983.4015.2014.5813708.0025.842286.10335.605.494.960.54
3.Prestige Estates1653.2093.0271208.320.11457.40123.882431.705.527.667921.9036.60765.50430.304.501.150.92
4.Phoenix Mills1950.8065.2169760.280.13384.0939.381115.4321.5110.754059.8957.731069.86303.996.466.110.46
5.Godrej Propert.2127.9041.3664093.700.00402.9920.84740.38-32.286.574265.55-18.341549.83405.083.502.670.89
6.Oberoi Realty1726.3028.1162768.650.46760.2628.981779.0434.7917.735327.8156.592233.06760.263.7510.230.18
7.Brigade Enterpr.891.4027.4021794.580.28170.2836.581383.3729.0313.345588.8426.50795.44162.503.363.390.83
–Median: 96 Co.164.1334.59863.610.04.26.1744.199.847.61164.1316.911.183.32.912.390.44

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
1,6772,7943,4851,4082,8113,3493,1053,5263,8901,7341,7312,5902,983
Expenses
1,3211,9842,5671,1312,0752,3922,4152,6872,8431,3121,3341,9082,366
Operating Profit
3578109192787369586908391,047422397682618
Other Income
166-19287939514668130155-1,170239164
Profit before tax
354445764176627868584729977-913234523429
Tax %
-8%30%26%23%28%26%-24%26%24%3%25%25%22%
Net Profit
383313565135452644726539742-939176393336
EPS in Rs
3.983.255.661.404.546.467.535.427.43-9.751.833.953.36

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
6,7955,8657,4439,5168,1154,3008,3539,2259,46013,30713,708
Expenses
5,1374,7416,0717,1056,2053,3106,3887,2377,1349,57010,166
Operating Profit
1,6581,1241,3722,4111,9099901,9661,9882,3263,7363,542
Other Income
26-1555118-225-31491-92255428452
Interest
201169697414786823402529545664691
Depreciation
3764193851512435756124251266264
Profit before tax
1,1075218411,864655-2041,5994131,5843,2343,038
Net Profit
6883215211,212433-1861,1344561,1642,4182,286
EPS in Rs
15.927.096.5815.315.47-2.3511.774.7311.7024.2422.91
Dividend Payout %
0%0%0%0%0%0%0%21%19%18%–

Compounded Profit Growth

10 Years:%
5 Years:25%
3 Years:29%
TTM:21%

Compounded Sales Growth

10 Years:%
5 Years:10%
3 Years:17%
TTM:17%

Return on Equity

10 Years:%
5 Years:10%
3 Years:10%
Last Year:13%

Stock Price CAGR

10 Years:%
5 Years:%
3 Years:28%
1 Year:-17%

Balance Sheet

Standalone figures in ₹ crores

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
108113396396396396482482994998998
Reserves
2,9123,7294,6263,2253,9413,75811,69512,09015,99918,58819,218
Borrowings
11,83112,55315,86016,99916,89714,81510,83210,5908,8758,03310,937
Other Liabilities
10,51012,1559,28315,00013,20512,99814,55317,19021,75622,20621,768
Total Liabilities
25,36128,55130,16535,62034,43931,96837,56240,35247,62449,82452,922
Fixed Assets
1,2121,1051,8631,7911,6851,6271,7121,9551,1298902,461
Gross Block
1,7132,0503,1212,0973,3773,3743,6273,7313,140––
Accumulated Depreciation
5019451,2583061,6921,7461,9151,7762,011––
CWIP
289100666600000
Investments
1,6792,5879259821,0581,0596123802,3851,3872,797
Other Assets
22,18124,75827,37132,84131,69029,27635,23838,01744,11147,54847,664
Total Assets
25,36128,55130,16535,62034,43931,96837,56240,35247,62449,82452,922

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
––––2,0003,4561,9611,6331,7801,183
Cash from Investing Activity
––––-147496-1,6241,684-1,931-218
Cash from Financing Activity
––––-1,985-3,873-202-2,377667-1,941
Net Cash Flow
––––-13179134941516-976

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
25203516334922292920
Inventory Days
–––––––––1,550
Days Payable
–––––––––160
Cash Conversion Cycle
2520351633492229291,410
Working Capital Days
714-12033-67-43-5337349414444
ROCE %
–4%8%11%9%5%10%9%9%15%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
75.00%74.99%74.96%74.93%74.92%72.16%72.13%72.11%71.98%71.94%71.90%71.87%
FIIs
19.42%18.98%19.83%20.52%21.09%23.79%24.18%24.20%24.45%24.64%24.89%24.11%
DIIs
3.48%3.68%3.81%3.50%3.21%3.32%2.96%2.78%2.63%2.36%2.19%2.73%
Public
2.10%2.33%1.40%1.05%0.78%0.73%0.72%0.91%0.92%1.04%1.00%1.28%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Lodha Board Approves Walker Chandiok & Co. LLP as Statutory Auditor

31st March 2026, 12:41 am

Lodha Developers Approves Allotment of ₹500 Crore in Secured NCDs

30th March 2026, 5:58 pm

Lodha Developers Allots 22,992 Equity Shares Under ESOP Scheme

18th March 2026, 4:06 pm

Lodha Developers Schedules Analyst/Investor Call for March 19, 2026

13th March 2026, 9:39 pm

Lodha Developers Allots 2,414 Equity Shares Under ESOP Scheme

5th March 2026, 7:59 pm

Published by Other Websites

External media mentions & references

Market Plunge: Adani, LIC Lead 107 Stocks to 52-Week Lows

30th March 2026, 2:45 pm

Madhuri Dixit Seals ₹2.81 Crore Mumbai Office Lease

27th March 2026, 12:46 pm

Indian Stocks Plunge ₹15 Lakh Crore as War Fears Spike Volatility

23rd March 2026, 4:05 pm

BSE 500 Plunges: 127 Stocks Hit 52-Week Lows Amid Geopolitical Fears

16th March 2026, 3:00 pm

Indian Markets Plunge Weekly; Financials Lead Losses Amid Geopolitical Fears

6th March 2026, 4:08 pm

News Articles

Editorial & research coverage

Budget Day Sparks India Market Focus Amidst Sector Bets
Budget Day Sparks India Market Focus Amidst Sector Bets

1st February 2026, 6:53 am

Lodha Sales Hit Record High, But Margins Suffer
Lodha Sales Hit Record High, But Margins Suffer

28th January 2026, 8:20 pm

Maharashtra Secures Over $96 Billion in MoUs at WEF Davos, Unveils 'Innovation City' with Tata Sons
Maharashtra Secures Over $96 Billion in MoUs at WEF Davos, Unveils 'Innovation City' with Tata Sons

22nd January 2026, 5:21 pm

Lodha Debt Climbs Rs 800 Cr on Land Buys for Expansion
Lodha Debt Climbs Rs 800 Cr on Land Buys for Expansion

18th January 2026, 3:45 pm

Realty Stocks Rebound on Strong Sales, But IT Layoffs Loom
Realty Stocks Rebound on Strong Sales, But IT Layoffs Loom

16th January 2026, 4:04 pm

Documents

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

9h - Certificate under Reg 74(5) of SEBI (DP) Regulations, 2018 for the quarter ended December 31, 2025 is enclosed

Key Operational Updates For Q3FY26

10h - Q3FY26 pre-sales ₹56.2bn (25% YoY); collections ₹35.6bn; 9M BD ₹588bn; net debt ₹61.7bn.

Announcement Under Regulation 30 (LODR) - Update On G Corp Homes Private Limited

24 Dec - Appellate tribunal ordered Karnataka RERA seek further compliance for G Corp; company to challenge. Acquired June 2022.

Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

24 Dec - Company has informed exchange regarding allotment of 42,630 securities pursuant to ESOP

Closure of Trading Window

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Credit Ratings

Rating update

12 Dec from crisil

Rating update

17 Oct 2025 from crisil

Rating update

17 Oct 2025 from icra

Rating update

15 Oct 2025 from fitch

Rating update

23 Sep 2025 from icra

Rating update

22 Sep 2025 from crisil

Concalls

Nov 2025

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Stock Analysis

Description

  1. Macrotech Developers Limited, formerly Lodha Developers, is a prominent Indian real estate company involved in developing residential and commercial properties.

Key Growth Triggers

  1. Currently no data available for Key Growth Triggers.

Order Book

  1. Currently no data available for Order Book.

Key Red Flags

  1. Currently no data available for Key Red Flags.

Key Dates To Watch

  1. Currently no data available for Key Dates To Watch.

Corporate Announcements

30th Mar 26
Impact Rating: 6
Lodha Developers' Board approved Walker Chandiok & Co. LLP as statutory auditor for a five-year term from FY2026-27. M/s. MSKA & Associates LLP will retire. Shareholder approval is pending.
30th Mar 26
Impact Rating: 7
Lodha Developers (Macrotech Developers) announced the approval for allotment of 50,000 rated, listed, secured NCDs totaling ₹500 crore on March 30, 2026, through private placement.
18th Mar 26
Impact Rating: 6
Lodha Developers Limited announced the allotment of 22,992 equity shares of ₹10 face value each on March 18, 2026. This allotment is pursuant to the company's Employee Stock Option Scheme 2021 - II.
13th Mar 26
Impact Rating: 5
Lodha Developers (Macrotech Developers) announced a schedule for an upcoming analyst and investor meet on March 19, 2026, participating in the Jefferies Asia Forum for one-to-one and group discussions.
5th Mar 26
Impact Rating: 4
In a corporate announcement, Lodha Developers Limited, formerly Macrotech Developers, allotted 2,414 equity shares of ₹10 face value each on March 5, 2026. This allotment is pursuant to the Lodha Developers Limited - Employee Stock Option Scheme 2021 – II.