Lodha Developers Ltd.

•

lodhagroup.comBSE: 543287NSE: LODHA

Market Cap₹ 1,17,122 Cr.

Current Price

High / Low₹ 1,345 / 651

Stock P/E28.4

Book Value₹ 241

Price to Book2.98

Dividend Yield0.36 %

ROCE16.9 %

ROE16.2 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Realty

Buy

Housing and construction indicators remain supportive for real estate. The housing index reached 105 (Mar/26), residential property prices rose 4.21% (Mar/26), construction output was 5.4% (Jul/26), and cement output accelerated to 13.1% YoY (2026-07). Bank lending rates are steady at 8.96% (Aug/26) rather than easing, but FPI flows turned positive with INR 1999 crore net inflow over 3 months to 2026-08-31 from INR -7216 crore previously.

Confidence

75%

View full sector analysis →

PROS

Company has delivered good profit growth of 135.0% CAGR over last 5 years
Company has consistently been profitable over the last 5 years
Latest quarter profit grew 103.4% YoY, showing strong momentum
Company has delivered good sales growth of 25.1% CAGR over last 5 years
Operating margins have improved to 29.5% from 23.3%

CONS

Receivables are growing faster than sales - a possible quality concern
Total debt has risen sharply - up 39.6% year on year
Growth is decelerating - 3Y profit CAGR (91.4%) trails the 5Y trend (135.0%)
Though reporting repeated profits, the company pays out little dividend (12.4%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

RealtyRealtyConstruction - Real Estate

Part ofNIFTY NEXT 50 NIFTYLARGEMIDCAP250 NIFTY100 EQL WGT NIFTY TOTAL MKT NIFTY REALTY

S.No.	Name
1.	DLF	655.00	36.47	162132.92	1.22	793.90	-89.59	1280.34	-52.87	6.81	49.68
2.	LODHA	1172.00	28.39	117122.07	0.36	1373.10	103.39	4996.70	43.10	16.89	38.51
3.	PHOENIXLTD	1890.00	52.81	67601.12	0.13	394.51	22.95	1074.94	12.80	15.41	59.77
4.	PRESTIGE	1543.95	58.39	66502.59	0.13	271.40	-12.87	2675.10	15.94	11.51	31.75
5.	OBEROIRLTY	1785.00	24.68	64903.00	0.45	543.51	29.02	1300.89	31.73	17.69	56.75
6.	GODREJPROP	1869.00	35.18	56299.23	0.54	349.38	-41.61	506.17	16.48	8.37	-57.98
7.	ANANTRAJ	608.70	37.86	21905.71	0.16	149.19	18.50	631.40	6.58	12.23	29.53
8.	BRIGADE	651.35	30.58	21250.90	0.23	216.94	37.35	1115.55	-12.93	11.02	32.33
9.	ABREL	1336.50	112.87	14928.13	0.19	-34.59	-27.73	188.85	30.95	-4.54	-30.02
10.	SOBHA	1237.20	57.37	13232.33	0.48	50.85	273.37	1278.15	50.03	6.96	6.07
11.	SIGNATURE	772.75	10.42	10871.51	0.00	-16.53	-148.00	551.99	-36.24	34.77	-8.10
12.	MAXESTATES	557.20	788.19	9113.84	0.00	8.35	-30.00	51.91	0.86	2.05	15.65

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	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
	1,287	1,334	2,048	2,972	2,090	1,921	2,777	3,004	2,507	2,690	3,257	3,301	3,323
Operating Profit	330	416	883	1,047	757	705	1,306	1,221	984	1,109	1,415	1,413	1,674
OPM %	20.40%	23.78%	30.12%	26.05%	26.59%	26.83%	31.98%	28.90%	28.19%	29.19%	30.29%	29.97%	33.50%
	54	6	-77	65	72	59	64	196	133	80	103	127	100
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
Profit before Tax	236	269	656	879	651	560	1,158	1,187	904	961	1,236	1,262	1,776
Tax %	23.53%	23.18%	21.94%	24.06%	26.84%	24.41%	18.45%	22.21%	25.27%	17.79%	23.10%	20.28%	22.68%
Net Profit	0	0	0	0	476	423	945	923	675	790	958	1,008	1,373
	1.85	2.09	5.22	6.84	4.78	4.25	9.48	9.26	6.76	7.90	9.59	10.09	13.73

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	7,926	9,677	11,907	12,443	5,449	9,233	9,470	10,316	13,780	16,676	18,181
	6,313	7,998	8,741	10,670	4,310	8,189	7,537	9,280	9,811	11,757	12,571
Operating Profit	1,613	1,679	3,166	1,772	1,139	1,044	1,933	1,036	3,969	4,919	5,611
OPM %	20.36%	17.35%	26.59%	14.24%	20.90%	11.31%	20.41%	10.05%	28.80%	29.50%	30.86%
	600	288	72	263	104	1,434	-903	1,688	410	445	410
Interest	736	390	566	740	1,136	688	479	480	550	657	688
Depreciation	460	395	180	292	73	75	93	204	272	345	349
Profit before Tax	1,001	1,182	2,492	1,003	33	1,716	452	2,028	3,556	4,371	5,234
Tax %	41.66%	32.82%	33.91%	26.07%	-44.42%	29.60%	-8.18%	23.35%	22.19%	21.52%	21.30%
Net Profit	584	794	1,647	742	48	1,208	490	1,554	2,767	3,431	4,119
EPS	15.26	19.79	41.40	18.38	1.01	24.97	10.10	15.58	27.71	34.32	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	19.80%	14.44%	15.34%	12.38%	—

COMPOUNDED SALES GROWTH

10 Years:: 7%
5 Years:: 25%
3 Years:: 21%

COMPOUNDED PROFIT GROWTH

10 Years:: 18%
5 Years:: 143%
3 Years:: 92%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 17%
3 Years:: 12%
1 Year:: -5%

RETURN ON EQUITY

10 Years:: 16%
5 Years:: 12%
3 Years:: 14%
Last Year:: 16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	113	396	396	396	396	482	482	994	998	999
Minority Interest	134	43	535	519	527	57	60	65	67	143
	3,920	4,756	3,448	4,156	4,203	11,584	12,076	16,330	19,056	22,146
	16,324	22,856	23,582	18,821	18,591	11,339	8,972	7,592	7,116	8,504
Trade Payables	2,348	1,925	2,057	2,050	1,533	1,386	1,966	2,531	2,936	3,403
	11,092	10,276	19,501	14,657	13,849	13,556	15,357	19,685	19,424	23,484
Total Liabilities	33,931	40,251	49,519	40,599	39,098	38,404	38,912	47,198	49,597	58,680
	1,544	1,998	1,922	1,733	1,670	1,658	1,674	1,023	966	1,188
Capital Work in Progress	109	6	6	6	6	0	0	0	0	0
	1,180	1,384	1,405	1,553	1,579	574	246	2,500	1,250	1,454
	22,208	31,434	41,512	29,031	28,301	27,358	30,117	33,993	36,476	40,254
	0	0	0	794	655	645	739	800	776	1,472
Cash & Bank	279	522	658	187	367	1,246	1,824	2,635	1,742	3,586
	8,611	4,907	4,017	7,294	6,521	6,924	4,312	6,246	8,388	10,726
Total Assets	33,931	40,251	49,519	40,599	39,098	38,404	38,912	47,198	49,597	58,680

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,913	1,260	-153	3,772	2,524	1,998	2,750	2,512	1,566	959
Cash from Investing	-1,174	-655	-184	212	420	1,139	1,778	-2,947	-90	-780
Cash from Financing	-312	24	738	-4,188	-2,835	-2,888	-3,706	951	-2,506	1,589
	-16	65	88	-205	109	250	822	516	-1,030	1,768

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	72.13	72.11	71.98	71.94	71.90	71.87	71.85	72.27	70.31
	24.18	24.20	24.45	24.64	24.89	24.11	23.49	21.24	23.62
	2.96	2.78	2.63	2.36	2.19	2.73	3.17	4.62	3.56
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.73	0.91	0.93	1.05	1.01	1.28	1.48	1.86	2.47

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-09

Allotment of Securities

2026-09-09 - Lodha Developers Limited has informed the Exchange regarding allotment of 111859 securities pursuant to ESOP/ESPS at its meeting held on September 09, 2026

2026-09-07

Copy of Newspaper Publication

2026-09-07 - Lodha Developers Limited has informed the Exchange about Copy of Newspaper Advertisement regarding NCLT Convened Meeting of Equity Shareholders and Secured Creditors (including Secured Debenture Holders) of the Company

2026-09-04

Shareholders meeting

2026-09-04 - Lodha Developers Limited has informed the Exchange regarding Notice of Court Convened General Meeting of Secured Creditors (including Secured Debenture Holders) to be held on October 09, 2026

2026-09-04

Shareholders meeting

2026-09-04 - Lodha Developers Limited has informed the Exchange regarding Notice of Court Convened General Meeting of Equity Shareholders to be held on October 09, 2026

2026-08-31

Acquisition

2026-08-31 - Lodha Developers Limited has informed the Exchange about Acquisition of balance stake in Bellissimo Infratech Private Limited (Formerly known as Solidrise Realty Private Limited)

2026-08-31

Change in Management

2026-08-31 - Lodha Developers Limited has informed the Exchange about change in Management

2026-08-21

ESOP/ESOS/ESPS

2026-08-21 - Lodha Developers Limited has informed the Exchange regarding Allotment of 44715 Shares.

2026-08-14

Shareholders meeting

2026-08-14 - Lodha Developers Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 14, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report along with voting results.

2026-08-12

Allotment of Securities

2026-08-12 - Lodha Developers Limited has informed the Exchange regarding allotment of 49395 securities pursuant to ESOP/ESPS at its meeting held on August 12, 2026

News

Recent coverage and analyst commentary for LODHA

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Lodha Developers Ltd.

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Free 5nance Account

Name

DLF

655.00

36.47

162132.92

1.22

793.90

-89.59

1280.34

-52.87

6.81

49.68

LODHA

1172.00

28.39

117122.07

0.36

1373.10

103.39

4996.70

43.10

16.89

38.51

PHOENIXLTD

1890.00

52.81

67601.12

0.13

394.51

22.95

1074.94

12.80

15.41

59.77

PRESTIGE

1543.95

58.39

66502.59

0.13

271.40

-12.87

2675.10

15.94

11.51

31.75

OBEROIRLTY

1785.00

24.68

64903.00

0.45

543.51

29.02

1300.89

31.73

17.69

56.75

GODREJPROP

1869.00

35.18

56299.23

0.54

349.38

-41.61

506.17

16.48

8.37

-57.98

ANANTRAJ

608.70

37.86

21905.71

0.16

149.19

18.50

631.40

6.58

12.23

29.53

BRIGADE

651.35

30.58

21250.90

0.23

216.94

37.35

1115.55

-12.93

11.02

32.33

ABREL

1336.50

112.87

14928.13

0.19

-34.59

-27.73

188.85

30.95

-4.54

-30.02

SOBHA

1237.20

57.37

13232.33

0.48

50.85

273.37

1278.15

50.03

6.96

6.07

SIGNATURE

772.75

10.42

10871.51

0.00

-16.53

-148.00

551.99

-36.24

34.77

-8.10

MAXESTATES

557.20

788.19

9113.84

0.00

8.35

-30.00

51.91

0.86

2.05

15.65

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

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

1,287

1,334

2,048

2,972

2,090

1,921

2,777

3,004

2,507

2,690

3,257

3,301

3,323

Operating Profit

330

416

883

1,047

757

705

1,306

1,221

984

1,109

1,415

1,413

1,674

OPM %

20.40%

23.78%

30.12%

26.05%

26.59%

26.83%

31.98%

28.90%

28.19%

29.19%

30.29%

29.97%

33.50%

-77

196

133

103

127

100

Interest

124

123

117

116

117

136

144

152

148

156

185

167

179

Depreciation

117

111

Profit before Tax

236

269

656

879

651

560

1,158

1,187

904

961

1,236

1,262

1,776

Tax %

23.53%

23.18%

21.94%

24.06%

26.84%

24.41%

18.45%

22.21%

25.27%

17.79%

23.10%

20.28%

22.68%

Net Profit

476

423

945

923

675

790

958

1,008

1,373

1.85

2.09

5.22

6.84

4.78

4.25

9.48

9.26

6.76

7.90

9.59

10.09

13.73

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

7,926

9,677

11,907

12,443

5,449

9,233

9,470

10,316

13,780

16,676

18,181

6,313

7,998

8,741

10,670

4,310

8,189

7,537

9,280

9,811

11,757

12,571

Operating Profit

1,613

1,679

3,166

1,772

1,139

1,044

1,933

1,036

3,969

4,919

5,611

OPM %

20.36%

17.35%

26.59%

14.24%

20.90%

11.31%

20.41%

10.05%

28.80%

29.50%

30.86%

600

288

263

104

1,434

-903

1,688

410

445

410

Interest

736

390

566

740

1,136

688

479

480

550

657

688

Depreciation

460

395

180

292

204

272

345

349

Profit before Tax

1,001

1,182

2,492

1,003

1,716

452

2,028

3,556

4,371

5,234

Tax %

41.66%

32.82%

33.91%

26.07%

-44.42%

29.60%

-8.18%

23.35%

22.19%

21.52%

21.30%

Net Profit

584

794

1,647

742

1,208

490

1,554

2,767

3,431

4,119

EPS

15.26

19.79

41.40

18.38

1.01

24.97

10.10

15.58

27.71

34.32

—

Dividend Payout %

0.00%

19.80%

14.44%

15.34%

12.38%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

113

396

482

994

998

999

Minority Interest

134

535

519

527

143

3,920

4,756

3,448

4,156

4,203

11,584

12,076

16,330

19,056

22,146

16,324

22,856

23,582

18,821

18,591

11,339

8,972

7,592

7,116

8,504

Trade Payables

2,348

1,925

2,057

2,050

1,533

1,386

1,966

2,531

2,936

3,403

11,092

10,276

19,501

14,657

13,849

13,556

15,357

19,685

19,424

23,484

Total Liabilities

33,931

40,251

49,519

40,599

39,098

38,404

38,912

47,198

49,597

58,680

1,544

1,998

1,922

1,733

1,670

1,658

1,674

1,023

966

1,188

Capital Work in Progress

109

1,180

1,384

1,405

1,553

1,579

574

246

2,500

1,250

1,454

22,208

31,434

41,512

29,031

28,301

27,358

30,117

33,993

36,476

40,254

794

655

645

739

800

776

1,472

Cash & Bank

279

522

658

187

367

1,246

1,824

2,635

1,742

3,586

8,611

4,907

4,017

7,294

6,521

6,924

4,312

6,246

8,388

10,726

Total Assets

33,931

40,251

49,519

40,599

39,098

38,404

38,912

47,198

49,597

58,680

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

1,913

1,260

-153

3,772

2,524

1,998

2,750

2,512

1,566

959

Cash from Investing

-1,174

-655

-184

212

420

1,139

1,778

-2,947

-90

-780

Cash from Financing

-312

738

-4,188

-2,835

-2,888

-3,706

951

-2,506

1,589

-16

-205

109

250

822

516

-1,030

1,768

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

72.13

72.11

71.98

71.94

71.90

71.87

71.85

72.27

70.31

24.18

24.20

24.45

24.64

24.89

24.11

23.49

21.24

23.62

2.96

2.78

2.63

2.36

2.19

2.73

3.17

4.62

3.56

Government

0.00

0.73

0.91

0.93

1.05

1.01

1.28

1.48

1.86

2.47

Lodha Developers Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Lodha Developers Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI