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Lodha Developers Overview

Macrotech Developers Limited, through its subsidiaries, engages in the construction and development of residential and business real estate properties in India and the UK. Its residential portfolio consists of affordable, mid-income, and premium and luxury housing tasks; and industrial portfolio incorporates office and retail projects. The organization additionally develops business and logistics parks. It develops and markets its low cost and mid-profits housing projects under the CASA via Lodha and Crown, Lodha Quality Homes brands; premium a...Read More

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Lodha Developers Key Financials

Market Cap ₹86539 Cr.

Stock P/E 31.3

P/B 4

Current Price ₹866.4

Book Value ₹ 218.1

Face Value 10

52W High ₹1534.3

Dividend Yield 0.49%

52W Low ₹ 851

Lodha Developers Share Price

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Volume
Price

Lodha Developers Quarterly Price

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Lodha Developers Peer Comparison

Lodha Developers Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 1750 2931 4019 2847 2626 4083 4224 3492 3799 4673
Other Income 6 28 65 72 59 64 196 133 80 103
Total Income 1755 2959 4084 2918 2685 4147 4420 3625 3879 4775
Total Expenditure 1334 2048 2972 2090 1921 2777 3004 2507 2690 3257
Operating Profit 422 911 1112 829 764 1370 1417 1117 1189 1518
Interest 123 117 116 117 137 144 152 148 157 185
Depreciation 29 33 117 60 67 67 78 66 71 98
Exceptional Income / Expenses 0 -105 0 0 0 0 0 0 0 0
Profit Before Tax 269 656 879 651 561 1158 1187 904 961 1236
Provision for Tax 62 144 212 175 137 214 264 228 171 285
Profit After Tax 207 512 668 476 424 945 924 675 790 950
Adjustments -5 -9 -2 -1 -1 -0 -2 -1 -2 7
Profit After Adjustments 202 503 666 475 423 944 922 675 789 957
Adjusted Earnings Per Share 2.1 5.2 6.7 4.8 4.2 9.5 9.2 6.8 7.9 9.6

Lodha Developers Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 6236 8249 7926 9677 11907 12443 5449 9233 9470 10316 13780 16188
Other Income 422 512 600 288 72 263 567 1434 274 1793 410 512
Total Income 6658 8761 8526 9965 11979 12705 6016 10668 9744 12109 14189 16699
Total Expenditure 4766 6091 6313 7998 8741 10670 4310 8189 7537 9280 9811 11458
Operating Profit 1892 2670 2213 1967 3238 2035 1706 2478 2207 2829 4378 5241
Interest 492 988 736 390 566 740 1136 688 479 480 550 642
Depreciation 128 450 460 395 180 292 73 75 93 204 272 313
Exceptional Income / Expenses 0 1 0 0 0 0 -463 0 -1177 -105 0 0
Profit Before Tax 1269 1198 1001 1182 2492 1003 33 1717 453 2028 3556 4288
Provision for Tax 471 495 417 388 845 261 -15 508 -37 473 789 948
Profit After Tax 798 703 584 794 1647 742 48 1209 490 1554 2767 3339
Adjustments -31 -31 -28 -22 -8 -14 -8 -6 -3 -5 -2 2
Profit After Adjustments 767 672 556 773 1639 728 40 1202 487 1549 2764 3343
Adjusted Earnings Per Share 10.1 8.9 7 9.8 20.7 9.2 0.5 12.5 5.1 15.6 27.7 33.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 34% 14% 2% 8%
Operating Profit CAGR 55% 21% 17% 9%
PAT CAGR 78% 32% 30% 13%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -18% 25% NA% NA%
ROE Average 15% 10% 9% 18%
ROCE Average 16% 10% 9% 10%

Lodha Developers Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 3294 3973 4033 5152 3844 4552 4599 12105 12663 17469 20178
Minority's Interest 135 166 134 43 535 519 527 57 60 65 67
Borrowings 1840 1921 1467 2494 514 2134 4268 2716 2257 1970 1216
Other Non-Current Liabilities 657 784 634 743 -75 330 230 502 74 266 320
Total Current Liabilities 21972 24137 27663 31820 44702 33063 29475 23025 23859 27427 27816
Total Liabilities 27898 30981 33931 40251 49519 40599 39098 38405 38912 47198 49597
Fixed Assets 2270 1883 1544 1998 1922 1733 1670 1658 1674 1023 966
Other Non-Current Assets 2031 3209 3955 641 908 5378 4593 2984 1488 1617 1686
Total Current Assets 23597 25888 28431 37612 46689 33488 32836 33763 35750 44558 46946
Total Assets 27898 30981 33931 40251 49519 40599 39098 38405 38912 47198 49597

Lodha Developers Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 444 336 199 186 255 353 119 228 477 1311 1827
Cash Flow from Operating Activities -776 387 1469 696 -465 3772 2524 1998 2750 2512 1566
Cash Flow from Investing Activities -685 -854 -1174 -655 -184 212 420 1139 1778 -2947 -90
Cash Flow from Financing Activities 1354 330 -312 24 738 -4188 -2835 -2888 -3706 951 -2506
Net Cash Inflow / Outflow -108 -137 -16 65 88 -205 109 250 822 516 -1031
Closing Cash & Cash Equivalent 336 199 184 255 353 119 228 477 1311 1827 934

Lodha Developers Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 10.14 8.88 7.02 9.76 20.7 9.19 0.51 12.49 5.05 15.58 27.71
CEPS(Rs) 12.24 15.23 13.19 15.02 23.08 13.06 1.53 13.33 6.04 17.68 30.46
DPS(Rs) 0 0 0 0 0 0 0 0 1 2.25 4.25
Book NAV/Share(Rs) 36.92 45.89 50.94 59.64 43.12 52.06 52.65 120.79 125.82 169.77 196.61
Core EBITDA Margin(%) 23.57 26.15 20.36 17.35 26.59 14.24 20.9 11.31 20.41 10.05 28.8
EBIT Margin(%) 28.25 26.5 21.92 16.25 25.68 14.01 21.47 26.04 9.84 24.31 29.79
Pre Tax Margin(%) 20.36 14.52 12.63 12.21 20.93 8.06 0.61 18.59 4.78 19.65 25.8
PAT Margin (%) 12.8 8.52 7.37 8.21 13.83 5.96 0.88 13.09 5.17 15.07 20.08
Cash Profit Margin (%) 14.85 13.97 13.17 12.29 15.35 8.31 2.23 13.9 6.15 17.04 22.05
ROA(%) 3.14 2.39 1.8 2.14 3.67 1.65 0.12 3.12 1.27 3.61 5.72
ROE(%) 30.95 22.43 15.56 18.14 40.48 19.68 1.16 15.3 4.12 10.72 15.16
ROCE(%) 13.41 13.26 9.14 6.61 10.84 6.75 5.21 10.55 4.19 10.91 15.93
Receivable days 48.86 38.78 29.67 25.7 19.05 18.75 48.53 25.69 26.68 27.23 20.88
Inventory Days 1046.87 889.27 995.37 1011.63 1118.07 1034.69 1920.34 1100.14 1107.58 1134.15 933.31
Payable days -158.77 -390.21 -727.28 -242.93 -310.42 60.19 932.81 561.06 -221.08 -211.67 -403.55
PER(x) 0 0 0 0 0 0 0 45.06 92.12 72.79 43.19
Price/Book(x) 0 0 0 0 0 0 0 4.66 3.7 6.68 6.09
Dividend Yield(%) 0 0 0 0 0 0 0 0 0.21 0.2 0.36
EV/Net Sales(x) 1.93 1.71 2.02 2.32 2.13 1.5 3.34 6.98 5.5 11.42 9.05
EV/Core EBITDA(x) 6.36 5.3 7.24 11.43 7.84 9.16 10.68 26.02 23.59 41.64 28.49
Net Sales Growth(%) 32.37 32.28 -3.91 22.09 23.04 4.5 -56.21 69.46 2.57 8.93 33.57
EBIT Growth(%) 73.58 24.08 -20.5 -9.51 94.46 -43 -32.89 105.57 -61.25 169.15 63.72
PAT Growth(%) 84.66 -11.93 -16.9 35.96 107.38 -54.97 -93.54 2423.49 -59.5 217.51 78.01
EPS Growth(%) 76.43 -12.42 -20.96 39 112.14 -55.61 -94.48 2361.75 -59.55 208.4 77.89
Debt/Equity(x) 3.6 3.48 4.01 4.79 7.51 4.47 4.36 0.99 0.75 0.45 0.36
Current Ratio(x) 1.07 1.07 1.03 1.18 1.04 1.01 1.11 1.47 1.5 1.62 1.69
Quick Ratio(x) 0.2 0.2 0.23 0.19 0.12 0.13 0.15 0.28 0.24 0.39 0.38
Interest Cover(x) 3.58 2.21 2.36 4.03 5.4 2.36 1.03 3.5 1.94 5.23 7.47
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0.21 0.2 0.07 0.06

Lodha Developers Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 74.93 74.92 72.16 72.13 72.11 71.98 71.94 71.9 71.87 71.85
FII 20.52 21.09 23.79 24.18 24.2 24.45 24.65 24.89 24.11 23.49
DII 3.5 3.2 3.32 2.97 2.78 2.64 2.36 2.2 2.73 3.17
Public 1.05 0.78 0.73 0.73 0.91 0.93 1.05 1.01 1.28 1.48
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Lodha Developers News

Lodha Developers Pros & Cons

Pros

  • Company has delivered good profit growth of 30% CAGR over last 5 years
  • Debtor days have improved from -211.67 to -403.55days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 10% over the last 3 years.
  • Stock is trading at 4 times its book value.
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