Lodha Developers Limited
₹1,038.50-₹1.00 (-0.1%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹1,07,389 Cr
- P/E
- 47.0x
- EV / EBITDA
- 45.1x
- Revenue
- ₹13,307 Cr
- Net margin
- 12.3%
- ROCE
- 9.0%
Price chart
Technical chartScreen technicals →-11.4% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -8.5%
- 3M
- -19.3%
- 6M
- +15.7%
- 1Y
- -11.4%
- 5Y
- +77.6%
52-week range
Day change -₹1.00 (-0.1%) from ₹1,040 to ₹1,039 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in LODHA, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year net profit CAGR of 21.9%
Concerns1
- Low return on equity of 6.8%
Rule-based from financial data. Not advice.
About the company
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.
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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.
- Sector
- Construction & Real Estate
- Shares outstanding
- 100.0 Cr shares
- ISIN
- INE670K01029
- BSE code
- 543287
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹1,07,389 Cr
- P/E
- 47.0x
- P/B
- 5.3x
- EV / EBITDA
- 45.1x
- EV / Sales
- 11.4x
- P/S
- 11.4x
- Earnings yield
- 2.1%
- 52-week high
- ₹1,316.55
- 52-week low
- ₹676.85
Profitability
- Operating margin
- 24.6%
- Net margin
- 12.3%
- EBITDA margin
- 25.2%
- ROE
- 6.8%
- ROCE
- 9.0%
- ROA
- 2.4%
- Dividend payout
- 19.0%
- Tax rate
- 27.0%
- Other income, % of PBT
- 3.5%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹13,307 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 40.7%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 3.1%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹2,381 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 123.4%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 107.7%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 21.9%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,780 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 9.0%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹976 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 18.0%
Solvency and efficiency
- Current ratio
- 2.14
- Debt / Equity
- 0.52
- Debt / Assets
- 0.19
- Debt / EBITDA
- 3.73
- Interest coverage
- 4.27
- Financial leverage
- 2.80
- CFO / Net profit
- 1.53
- Cash / Market cap
- 41.1%
- Cash per share
- ₹441.16
- Asset turnover
- 0.20
- Fixed asset turnover
- 8.38
- Capital intensity
- 0.12
- Debtor days
- 29 days
- Cash conversion cycle
- 29 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹18 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹9,571 Cr |
| Sales | Operating profit | ₹3,736 Cr |
| Operating profit | Interest | ₹664 Cr |
| Operating profit | Depreciation | ₹266 Cr |
| Operating profit | Profit before tax | ₹2,806 Cr |
| Other income | Profit before tax | ₹428 Cr |
| Profit before tax | Tax and other | ₹816 Cr |
| Profit before tax | Net profit | ₹2,418 Cr |
Revenue and net profit
Revenue grew 40.7% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹4,300 Cr | -₹186 Cr |
| FY2022 | ₹8,353 Cr | ₹1,134 Cr |
| FY2023 | ₹9,225 Cr | ₹456 Cr |
| FY2024 | ₹9,460 Cr | ₹1,164 Cr |
| FY2025 | ₹13,307 Cr | ₹2,418 Cr |
Cash flows
FY2025: ₹1,183 Cr from operations, ₹965 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹3,456 Cr | ₹3,952 Cr |
| FY2022 | ₹1,961 Cr | ₹337 Cr |
| FY2023 | ₹1,633 Cr | ₹3,317 Cr |
| FY2024 | ₹1,780 Cr | -₹151 Cr |
| FY2025 | ₹1,183 Cr | ₹965 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹13,307 Cr+40.7%1Y
- Net profit
- ₹2,418 Cr+107.7%1Y
- Cash from operations
- ₹1,183 Cr
- Free cash flow
- ₹965 Cr
- Revenue CAGR, 5Y
- 3.1%
- EBITDA CAGR, 5Y
- 7.2%
- Net profit CAGR, 5Y
- 21.9%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹13,307 Cr | ₹3,736 Cr | — | ₹2,418 Cr | ₹1,183 Cr | ₹965 Cr | 12.3% | +40.7% | +107.7% |
Monthly returns
Month-by-month returns of LODHA across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹49,824 Cr |
| Equity capital | ₹998 Cr |
| Reserves | ₹18,588 Cr |
| Borrowings | ₹8,033 Cr |
| Other liabilities | ₹22,206 Cr |
| Assets | ₹49,824 Cr |
| Fixed assets | ₹890 Cr |
| Capital work in progress | ₹0 Cr |
| Investments | ₹1,387 Cr |
| Other assets | ₹47,548 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
LODHA trades at 47.0x earnings against a peer median of 55.8x (a 16% discount).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Lodha Developers LimitedLODHAthis companyP/E ↓ discount | ₹1.1 L Cr | 47.0x | 5.3x | 6.8% | 45.1x |
| DLF LIMITEDDLF | ₹1.6 L Cr | 71.8x | 5.6x | 4.3% | 85.7x |
| The Phoenix Mills Ltd.PHOENIXLTD | ₹67,725 Cr | 238.0x | 12.5x | 5.5% | 162.7x |
| Prestige Estates Projects LimitedPRESTIGE | ₹65,446 Cr | 639.0x | 5.5x | 3.6% | 63.0x |
| OBEROI REALTY LIMITEDOBEROIRLTY | ₹60,204 Cr | 34.0x | 4.0x | 11.4% | 28.0x |
| Godrej Properties LimitedGODREJPROP | ₹56,592 Cr | 148.0x | 3.2x | 5.4% | 55.5x |
| Garden Reach Shipbuilders & Engineers LimitedGRSE | ₹28,034 Cr | 45.5x | 12.2x | 21.3% | 48.9x |
| Brigade Enterprises LimitedBRIGADE | ₹20,935 Cr | 51.8x | 3.4x | 7.5% | 32.9x |
| Anant Raj LimitedANANTRAJ | ₹20,405 Cr | 76.3x | 5.1x | 3.8% | 102.7x |
| Peer median | — | 55.8x | 3.7x | 6.8% | 32.9x |
Year-to-date ROI
LODHA since 1 January, against earlier years.
Historical volatility
LODHA's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 23.0% |
| FY2022 | 24.0% |
| FY2023 | 22.0% |
| FY2024 | 25.0% |
| FY2025 | 28.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹13,307 Cr |
| Costs | |
| Interest | ₹664 Cr |
| Expenses | ₹9,570 Cr |
| Operating profitOperating Profit | ₹3,736 Cr |
| Other income and charges | |
| Profit before tax | ₹3,234 Cr |
| Tax | |
| Net profitNet Profit | ₹2,418 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹49,824 Cr |
| Equity capitalEquity Capital | ₹998 Cr |
| Reserves | ₹18,588 Cr |
| Borrowings | ₹8,033 Cr |
| Other liabilitiesOther Liabilities | ₹22,206 Cr |
| AssetsTotal Assets | ₹49,824 Cr |
| Fixed assetsFixed Assets | ₹890 Cr |
| Capital work in progressCWIP | ₹0 Cr |
| Investments | ₹1,387 Cr |
| Other assetsOther Assets | ₹47,548 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹1,183 Cr |
| Investing cash flowCash from Investing Activity | -₹218 Cr |
| Financing cash flowCash from Financing Activity | -₹1,941 Cr |
| Change in cashNet Cash Flow | -₹976 Cr |
Learn while you research
Academy chapters picked for Lodha Developers Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 47.0, learn when high multiples are justified.6 min read
- 04 Growth Investing41% revenue growth is in the top tier, learn how to value growth.7 min read
- 05 Sectors & IndustriesHow to classify and compare companies across sectors.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read