Lodha Developers Ltd.
•2026-08-21
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
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | DLF | 667.10 | 37.14 | 165128.04 | 1.20 | 793.90 | -89.59 | 1280.34 | -52.87 | 6.81 | 49.68 |
| 2. | LODHA | 1206.00 | 29.21 | 120500.93 | 0.35 | 1373.10 | 103.39 | 4996.70 | 43.10 | 16.89 | 38.51 |
| 3. | PHOENIXLTD | 1915.15 | 53.51 | 68497.97 | 0.13 | 394.51 | 22.95 | 1074.94 | 12.80 | 13.70 | 59.77 |
| 4. | PRESTIGE | 1575.00 | 59.57 | 67840.01 | 0.13 | 271.40 | -12.87 | 2675.10 | 15.94 | 11.51 | 31.75 |
| 5. | OBEROIRLTY | 1859.00 | 25.70 | 67593.66 | 0.43 | 543.51 | 29.02 | 1300.89 | 31.73 | 17.69 | 56.75 |
| 6. | GODREJPROP | 1994.95 | 37.55 | 60093.18 | 0.50 | 349.38 | -41.61 | 506.17 | 16.48 | 8.37 | -57.98 |
| 7. | ANANTRAJ | 631.25 | 39.26 | 22717.23 | 0.16 | 149.19 | 18.50 | 631.40 | 6.58 | 12.23 | 29.53 |
| 8. | BRIGADE | 586.05 | 27.51 | 19120.43 | 0.26 | 216.94 | 37.35 | 1115.55 | -12.93 | 11.02 | 32.33 |
| 9. | ABREL | 1395.75 | 0.00 | 15589.92 | 0.18 | -34.59 | -27.73 | 188.85 | 30.95 | -4.54 | -30.02 |
| 10. | SOBHA | 1274.40 | 59.10 | 13630.20 | 0.47 | 50.85 | 273.37 | 1278.15 | 50.03 | 6.96 | 6.07 |
| 11. | SIGNATURE | 785.75 | 10.59 | 11054.40 | 0.00 | -16.53 | -148.00 | 551.99 | -36.24 | 5.56 | -8.10 |
| 12. | EMBDL | 62.35 | 0.00 | 8670.60 | 0.00 | -234.40 | -41.51 | 216.75 | -68.17 | -2.39 | -58.63 |
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 | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 54 | 6 | 28 | 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 |
| 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 |
| 2 | 2 | 5 | 7 | 5 | 4 | 9 | 9 | 7 | 8 | 10 | 10 | 1 | |
| Equity Capital | 964 | 964 | 964 | 994 | 995 | 995 | 997 | 998 | 998 | 998 | 999 | 999 | 999 |
| Reserves | 11,465 | 12,555 | 12,118 | 16,034 | 16,529 | 16,748 | 17,778 | 18,741 | 19,444 | 19,837 | 20,814 | 21,843 | 23,238 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 964 | 964 | 964 | 994 | 995 | 995 | 997 | 998 | 998 | 998 | 999 | 999 | 999 |
| Reserves | 11,465 | 12,555 | 12,118 | 16,034 | 16,529 | 16,748 | 17,778 | 18,741 | 19,444 | 19,837 | 20,814 | 21,843 | 23,238 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
- 1,617
- 1,287
- Operating Profit
- —
- OPM %
- —
- Other Income
- 54
- Interest
- 124
- Depreciation
- 24
- 236
- Tax %
- 23.53%
- Net Profit
- 0
- 2
- Equity Capital
- 964
- Reserves
- 11,465
- Promoter Pledge %
- 0.00%
- Equity Capital
- 964
- Reserves
- 11,465
- Promoter Pledge %
- 0.00%
- 1,750
- 1,334
- Operating Profit
- —
- OPM %
- —
- Other Income
- 6
- Interest
- 123
- Depreciation
- 29
- 269
- Tax %
- 23.18%
- Net Profit
- 0
- 2
- Equity Capital
- 964
- Reserves
- 12,555
- Promoter Pledge %
- 0.00%
- Equity Capital
- 964
- Reserves
- 12,555
- Promoter Pledge %
- 0.00%
- 2,931
- 2,048
- Operating Profit
- —
- OPM %
- —
- Other Income
- 28
- Interest
- 117
- Depreciation
- 33
- 656
- Tax %
- 21.94%
- Net Profit
- 0
- 5
- Equity Capital
- 964
- Reserves
- 12,118
- Promoter Pledge %
- 0.00%
- Equity Capital
- 964
- Reserves
- 12,118
- Promoter Pledge %
- 0.00%
- 4,018
- 2,972
- Operating Profit
- —
- OPM %
- —
- Other Income
- 65
- Interest
- 116
- Depreciation
- 117
- 879
- Tax %
- 24.06%
- Net Profit
- 0
- 7
- Equity Capital
- 994
- Reserves
- 16,034
- Promoter Pledge %
- 0.00%
- Equity Capital
- 994
- Reserves
- 16,034
- Promoter Pledge %
- 0.00%
- 2,846
- 2,090
- Operating Profit
- —
- OPM %
- —
- Other Income
- 72
- Interest
- 117
- Depreciation
- 60
- 651
- Tax %
- 26.84%
- Net Profit
- 476
- 5
- Equity Capital
- 995
- Reserves
- 16,529
- Promoter Pledge %
- 0.00%
- Equity Capital
- 995
- Reserves
- 16,529
- Promoter Pledge %
- 0.00%
- 2,626
- 1,921
- Operating Profit
- —
- OPM %
- —
- Other Income
- 59
- Interest
- 136
- Depreciation
- 66
- 560
- Tax %
- 24.41%
- Net Profit
- 423
- 4
- Equity Capital
- 995
- Reserves
- 16,748
- Promoter Pledge %
- 0.00%
- Equity Capital
- 995
- Reserves
- 16,748
- Promoter Pledge %
- 0.00%
- 4,083
- 2,777
- Operating Profit
- —
- OPM %
- —
- Other Income
- 64
- Interest
- 144
- Depreciation
- 67
- 1,158
- Tax %
- 18.45%
- Net Profit
- 945
- 9
- Equity Capital
- 997
- Reserves
- 17,778
- Promoter Pledge %
- 0.00%
- Equity Capital
- 997
- Reserves
- 17,778
- Promoter Pledge %
- 0.00%
- 4,224
- 3,004
- Operating Profit
- —
- OPM %
- —
- Other Income
- 196
- Interest
- 152
- Depreciation
- 78
- 1,187
- Tax %
- 22.21%
- Net Profit
- 923
- 9
- Equity Capital
- 998
- Reserves
- 18,741
- Promoter Pledge %
- 0.00%
- Equity Capital
- 998
- Reserves
- 18,741
- Promoter Pledge %
- 0.00%
- 3,492
- 2,507
- Operating Profit
- —
- OPM %
- —
- Other Income
- 133
- Interest
- 148
- Depreciation
- 66
- 904
- Tax %
- 25.27%
- Net Profit
- 675
- 7
- Equity Capital
- 998
- Reserves
- 19,444
- Promoter Pledge %
- 0.00%
- Equity Capital
- 998
- Reserves
- 19,444
- Promoter Pledge %
- 0.00%
- 3,798
- 2,690
- Operating Profit
- —
- OPM %
- —
- Other Income
- 80
- Interest
- 156
- Depreciation
- 71
- 961
- Tax %
- 17.79%
- Net Profit
- 790
- 8
- Equity Capital
- 998
- Reserves
- 19,837
- Promoter Pledge %
- 0.00%
- Equity Capital
- 998
- Reserves
- 19,837
- Promoter Pledge %
- 0.00%
- 4,672
- 3,257
- Operating Profit
- —
- OPM %
- —
- Other Income
- 103
- Interest
- 185
- Depreciation
- 98
- 1,236
- Tax %
- 23.10%
- Net Profit
- 958
- 10
- Equity Capital
- 999
- Reserves
- 20,814
- Promoter Pledge %
- 0.00%
- Equity Capital
- 999
- Reserves
- 20,814
- Promoter Pledge %
- 0.00%
- 4,714
- 3,301
- Operating Profit
- —
- OPM %
- —
- Other Income
- 127
- Interest
- 167
- Depreciation
- 111
- 1,262
- Tax %
- 20.28%
- Net Profit
- 1,008
- 10
- Equity Capital
- 999
- Reserves
- 21,843
- Promoter Pledge %
- 0.00%
- Equity Capital
- 999
- Reserves
- 21,843
- Promoter Pledge %
- 0.00%
- 4,997
- 3,323
- Operating Profit
- —
- OPM %
- —
- Other Income
- 100
- Interest
- 179
- Depreciation
- 69
- 1,776
- Tax %
- 22.68%
- Net Profit
- 1,373
- 1
- Equity Capital
- 999
- Reserves
- 23,238
- Promoter Pledge %
- 0.00%
- Equity Capital
- 999
- Reserves
- 23,238
- Promoter Pledge %
- 0.00%
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 | 2,213 | 1,967 | 3,238 | 2,035 | 1,706 | 2,478 | 2,207 | 2,829 | 4,378 | 5,364 | — |
| OPM % | 28 | 20 | 27 | 16 | 31 | 27 | 23 | 27 | 32 | 32 | — |
| Other Income | 600 | 288 | 72 | 263 | 567 | 1,434 | 274 | 1,793 | 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 |
| 1,001 | 1,182 | 2,492 | 1,003 | 33 | 1,716 | 452 | 2,028 | 3,556 | 4,371 | 5,234 | |
| Tax % | 42 | 33 | 34 | 26 | -44 | 30 | -8 | 23 | 22 | 22 | 21 |
| Net Profit | 584 | 794 | 1,647 | 742 | 48 | 1,208 | 490 | 1,554 | 2,767 | 3,431 | 4,119 |
| EPS | 15 | 20 | 41 | 18 | 1 | 25 | 10 | 16 | 28 | 34 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 20 | 14 | 15 | 12 | — |
| Minority Interest | -28 | -3 | -8 | -14 | -8 | -6 | -3 | -5 | -2 | -2 | 1 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11 |
| Adjusted EPS | 7 | 10 | 21 | 9 | 1 | 12 | 5 | 16 | 28 | 34 | — |
| Minority Interest | -28 | -3 | -8 | -14 | -8 | -6 | -3 | -5 | -2 | -2 | 1 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11 |
| Adjusted EPS | 7 | 10 | 21 | 9 | 1 | 12 | 5 | 16 | 28 | 34 | — |
- 7,926
- 6,313
- Operating Profit
- 2,213
- OPM %
- 28
- Other Income
- 600
- Interest
- 736
- Depreciation
- 460
- 1,001
- Tax %
- 42
- Net Profit
- 584
- EPS
- 15
- Dividend Payout %
- 0
- Minority Interest
- -28
- Share of Associates
- 0
- Adjusted EPS
- 7
- Minority Interest
- -28
- Share of Associates
- 0
- Adjusted EPS
- 7
- 9,677
- 7,998
- Operating Profit
- 1,967
- OPM %
- 20
- Other Income
- 288
- Interest
- 390
- Depreciation
- 395
- 1,182
- Tax %
- 33
- Net Profit
- 794
- EPS
- 20
- Dividend Payout %
- 0
- Minority Interest
- -3
- Share of Associates
- 0
- Adjusted EPS
- 10
- Minority Interest
- -3
- Share of Associates
- 0
- Adjusted EPS
- 10
- 11,907
- 8,741
- Operating Profit
- 3,238
- OPM %
- 27
- Other Income
- 72
- Interest
- 566
- Depreciation
- 180
- 2,492
- Tax %
- 34
- Net Profit
- 1,647
- EPS
- 41
- Dividend Payout %
- 0
- Minority Interest
- -8
- Share of Associates
- 0
- Adjusted EPS
- 21
- Minority Interest
- -8
- Share of Associates
- 0
- Adjusted EPS
- 21
- 12,443
- 10,670
- Operating Profit
- 2,035
- OPM %
- 16
- Other Income
- 263
- Interest
- 740
- Depreciation
- 292
- 1,003
- Tax %
- 26
- Net Profit
- 742
- EPS
- 18
- Dividend Payout %
- 0
- Minority Interest
- -14
- Share of Associates
- 0
- Adjusted EPS
- 9
- Minority Interest
- -14
- Share of Associates
- 0
- Adjusted EPS
- 9
- 5,449
- 4,310
- Operating Profit
- 1,706
- OPM %
- 31
- Other Income
- 567
- Interest
- 1,136
- Depreciation
- 73
- 33
- Tax %
- -44
- Net Profit
- 48
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- -8
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- -8
- Share of Associates
- 0
- Adjusted EPS
- 1
- 9,233
- 8,189
- Operating Profit
- 2,478
- OPM %
- 27
- Other Income
- 1,434
- Interest
- 688
- Depreciation
- 75
- 1,716
- Tax %
- 30
- Net Profit
- 1,208
- EPS
- 25
- Dividend Payout %
- 0
- Minority Interest
- -6
- Share of Associates
- 0
- Adjusted EPS
- 12
- Minority Interest
- -6
- Share of Associates
- 0
- Adjusted EPS
- 12
- 9,470
- 7,537
- Operating Profit
- 2,207
- OPM %
- 23
- Other Income
- 274
- Interest
- 479
- Depreciation
- 93
- 452
- Tax %
- -8
- Net Profit
- 490
- EPS
- 10
- Dividend Payout %
- 20
- Minority Interest
- -3
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- -3
- Share of Associates
- 0
- Adjusted EPS
- 5
- 10,316
- 9,280
- Operating Profit
- 2,829
- OPM %
- 27
- Other Income
- 1,793
- Interest
- 480
- Depreciation
- 204
- 2,028
- Tax %
- 23
- Net Profit
- 1,554
- EPS
- 16
- Dividend Payout %
- 14
- Minority Interest
- -5
- Share of Associates
- 0
- Adjusted EPS
- 16
- Minority Interest
- -5
- Share of Associates
- 0
- Adjusted EPS
- 16
- 13,780
- 9,811
- Operating Profit
- 4,378
- OPM %
- 32
- Other Income
- 410
- Interest
- 550
- Depreciation
- 272
- 3,556
- Tax %
- 22
- Net Profit
- 2,767
- EPS
- 28
- Dividend Payout %
- 15
- Minority Interest
- -2
- Share of Associates
- 0
- Adjusted EPS
- 28
- Minority Interest
- -2
- Share of Associates
- 0
- Adjusted EPS
- 28
- 16,676
- 11,757
- Operating Profit
- 5,364
- OPM %
- 32
- Other Income
- 445
- Interest
- 657
- Depreciation
- 345
- 4,371
- Tax %
- 22
- Net Profit
- 3,431
- EPS
- 34
- Dividend Payout %
- 12
- Minority Interest
- -2
- Share of Associates
- 0
- Adjusted EPS
- 34
- Minority Interest
- -2
- Share of Associates
- 0
- Adjusted EPS
- 34
- 18,181
- 12,571
- Operating Profit
- —
- OPM %
- —
- Other Income
- 410
- Interest
- 688
- Depreciation
- 349
- 5,234
- Tax %
- 21
- Net Profit
- 4,119
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 1
- Share of Associates
- 11
- Adjusted EPS
- —
- Minority Interest
- 1
- Share of Associates
- 11
- Adjusted EPS
- —
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:
- 24%
- 3 Years:
- 21%
- 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 113 | 396 | 396 | 396 | 396 | 482 | 482 | 994 | 998 | 999 |
| 3,920 | 4,756 | 3,448 | 4,156 | 4,203 | 11,584 | 12,076 | 16,330 | 19,056 | 22,146 | |
| 14,696 | 20,123 | 22,849 | 16,280 | 13,899 | 8,255 | 6,453 | 5,516 | 5,697 | 4,432 | |
| Trade Payables | 2,348 | 1,925 | 2,057 | 2,050 | 1,533 | 1,386 | 1,966 | 2,531 | 2,936 | 3,403 |
| 12,854 | 13,052 | 20,769 | 17,717 | 19,067 | 16,697 | 17,935 | 21,825 | 20,911 | 27,700 | |
| Total Liabilities | 33,931 | 40,251 | 49,519 | 40,599 | 39,098 | 38,404 | 38,912 | 47,198 | 49,597 | 58,680 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 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 |
| Total Debt | 16,183 | 22,616 | 25,641 | 18,423 | 18,193 | 11,537 | 9,049 | 7,680 | 7,080 | 9,884 |
| Net Working Capital | 769 | 5,792 | 1,988 | 425 | 3,361 | 10,738 | 11,891 | 17,130 | 19,130 | 23,314 |
| Contingent Liabilities | 950 | 1,011 | 579 | 920 | 789 | 432 | 224 | 161 | 152 | 145 |
| Book Value per Share | 178.28 | 119.27 | 86.24 | 104.12 | 105.30 | 241.58 | 251.64 | 169.77 | 196.61 | 227.26 |
| Face Value | 5.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 16,183 | 22,616 | 25,641 | 18,423 | 18,193 | 11,537 | 9,049 | 7,680 | 7,080 | 9,884 |
| Net Working Capital | 769 | 5,792 | 1,988 | 425 | 3,361 | 10,738 | 11,891 | 17,130 | 19,130 | 23,314 |
| Contingent Liabilities | 950 | 1,011 | 579 | 920 | 789 | 432 | 224 | 161 | 152 | 145 |
| Book Value per Share | 178.28 | 119.27 | 86.24 | 104.12 | 105.30 | 241.58 | 251.64 | 169.77 | 196.61 | 227.26 |
| Face Value | 5.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
- Equity Capital
- 113
- 3,920
- 14,696
- Trade Payables
- 2,348
- 12,854
- Total Liabilities
- 33,931
- 1,544
- Capital Work in Progress
- 109
- 1,180
- 22,208
- 0
- Cash & Bank
- 279
- 8,611
- Total Assets
- 33,931
- Total Debt
- 16,183
- Net Working Capital
- 769
- Contingent Liabilities
- 950
- Book Value per Share
- 178.28
- Face Value
- 5.00
- Total Debt
- 16,183
- Net Working Capital
- 769
- Contingent Liabilities
- 950
- Book Value per Share
- 178.28
- Face Value
- 5.00
- Equity Capital
- 396
- 4,756
- 20,123
- Trade Payables
- 1,925
- 13,052
- Total Liabilities
- 40,251
- 1,998
- Capital Work in Progress
- 6
- 1,384
- 31,434
- 0
- Cash & Bank
- 522
- 4,907
- Total Assets
- 40,251
- Total Debt
- 22,616
- Net Working Capital
- 5,792
- Contingent Liabilities
- 1,011
- Book Value per Share
- 119.27
- Face Value
- 10.00
- Total Debt
- 22,616
- Net Working Capital
- 5,792
- Contingent Liabilities
- 1,011
- Book Value per Share
- 119.27
- Face Value
- 10.00
- Equity Capital
- 396
- 3,448
- 22,849
- Trade Payables
- 2,057
- 20,769
- Total Liabilities
- 49,519
- 1,922
- Capital Work in Progress
- 6
- 1,405
- 41,512
- 0
- Cash & Bank
- 658
- 4,017
- Total Assets
- 49,519
- Total Debt
- 25,641
- Net Working Capital
- 1,988
- Contingent Liabilities
- 579
- Book Value per Share
- 86.24
- Face Value
- 10.00
- Total Debt
- 25,641
- Net Working Capital
- 1,988
- Contingent Liabilities
- 579
- Book Value per Share
- 86.24
- Face Value
- 10.00
- Equity Capital
- 396
- 4,156
- 16,280
- Trade Payables
- 2,050
- 17,717
- Total Liabilities
- 40,599
- 1,733
- Capital Work in Progress
- 6
- 1,553
- 29,031
- 794
- Cash & Bank
- 187
- 7,294
- Total Assets
- 40,599
- Total Debt
- 18,423
- Net Working Capital
- 425
- Contingent Liabilities
- 920
- Book Value per Share
- 104.12
- Face Value
- 10.00
- Total Debt
- 18,423
- Net Working Capital
- 425
- Contingent Liabilities
- 920
- Book Value per Share
- 104.12
- Face Value
- 10.00
- Equity Capital
- 396
- 4,203
- 13,899
- Trade Payables
- 1,533
- 19,067
- Total Liabilities
- 39,098
- 1,670
- Capital Work in Progress
- 6
- 1,579
- 28,301
- 655
- Cash & Bank
- 367
- 6,521
- Total Assets
- 39,098
- Total Debt
- 18,193
- Net Working Capital
- 3,361
- Contingent Liabilities
- 789
- Book Value per Share
- 105.30
- Face Value
- 10.00
- Total Debt
- 18,193
- Net Working Capital
- 3,361
- Contingent Liabilities
- 789
- Book Value per Share
- 105.30
- Face Value
- 10.00
- Equity Capital
- 482
- 11,584
- 8,255
- Trade Payables
- 1,386
- 16,697
- Total Liabilities
- 38,404
- 1,658
- Capital Work in Progress
- 0
- 574
- 27,358
- 645
- Cash & Bank
- 1,246
- 6,924
- Total Assets
- 38,404
- Total Debt
- 11,537
- Net Working Capital
- 10,738
- Contingent Liabilities
- 432
- Book Value per Share
- 241.58
- Face Value
- 10.00
- Total Debt
- 11,537
- Net Working Capital
- 10,738
- Contingent Liabilities
- 432
- Book Value per Share
- 241.58
- Face Value
- 10.00
- Equity Capital
- 482
- 12,076
- 6,453
- Trade Payables
- 1,966
- 17,935
- Total Liabilities
- 38,912
- 1,674
- Capital Work in Progress
- 0
- 246
- 30,117
- 739
- Cash & Bank
- 1,824
- 4,312
- Total Assets
- 38,912
- Total Debt
- 9,049
- Net Working Capital
- 11,891
- Contingent Liabilities
- 224
- Book Value per Share
- 251.64
- Face Value
- 10.00
- Total Debt
- 9,049
- Net Working Capital
- 11,891
- Contingent Liabilities
- 224
- Book Value per Share
- 251.64
- Face Value
- 10.00
- Equity Capital
- 994
- 16,330
- 5,516
- Trade Payables
- 2,531
- 21,825
- Total Liabilities
- 47,198
- 1,023
- Capital Work in Progress
- 0
- 2,500
- 33,993
- 800
- Cash & Bank
- 2,635
- 6,246
- Total Assets
- 47,198
- Total Debt
- 7,680
- Net Working Capital
- 17,130
- Contingent Liabilities
- 161
- Book Value per Share
- 169.77
- Face Value
- 10.00
- Total Debt
- 7,680
- Net Working Capital
- 17,130
- Contingent Liabilities
- 161
- Book Value per Share
- 169.77
- Face Value
- 10.00
- Equity Capital
- 998
- 19,056
- 5,697
- Trade Payables
- 2,936
- 20,911
- Total Liabilities
- 49,597
- 966
- Capital Work in Progress
- 0
- 1,250
- 36,476
- 776
- Cash & Bank
- 1,742
- 8,388
- Total Assets
- 49,597
- Total Debt
- 7,080
- Net Working Capital
- 19,130
- Contingent Liabilities
- 152
- Book Value per Share
- 196.61
- Face Value
- 10.00
- Total Debt
- 7,080
- Net Working Capital
- 19,130
- Contingent Liabilities
- 152
- Book Value per Share
- 196.61
- Face Value
- 10.00
- Equity Capital
- 999
- 22,146
- 4,432
- Trade Payables
- 3,403
- 27,700
- Total Liabilities
- 58,680
- 1,188
- Capital Work in Progress
- 0
- 1,454
- 40,254
- 1,472
- Cash & Bank
- 3,586
- 10,726
- Total Assets
- 58,680
- Total Debt
- 9,884
- Net Working Capital
- 23,314
- Contingent Liabilities
- 145
- Book Value per Share
- 227.26
- Face Value
- 10.00
- Total Debt
- 9,884
- Net Working Capital
- 23,314
- Contingent Liabilities
- 145
- Book Value per Share
- 227.26
- Face Value
- 10.00
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1,469 | 696 | -465 | 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 | |
| Free Cash Flow | 1,424 | -17 | -551 | 3,721 | 2,524 | 1,953 | 2,750 | 2,512 | 1,364 | 564 |
| OCF / Net Profit | 2.52 | 0.88 | -0.28 | 5.09 | 52.70 | 1.65 | 5.62 | 1.62 | 0.57 | 0.28 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 7,102 | 7,631 | 10,398 | 13,460 | 11,103 | 9,143 |
| OCF / Net Profit | 2.52 | 0.88 | -0.28 | 5.09 | 52.70 | 1.65 | 5.62 | 1.62 | 0.57 | 0.28 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 7,102 | 7,631 | 10,398 | 13,460 | 11,103 | 9,143 |
- 1,469
- Cash from Investing
- -1,174
- Cash from Financing
- -312
- -16
- Free Cash Flow
- 1,424
- OCF / Net Profit
- 2.52
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 2.52
- Cumulative 5-Year FCF
- 0
- 696
- Cash from Investing
- -655
- Cash from Financing
- 24
- 65
- Free Cash Flow
- -17
- OCF / Net Profit
- 0.88
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.88
- Cumulative 5-Year FCF
- 0
- -465
- Cash from Investing
- -184
- Cash from Financing
- 738
- 88
- Free Cash Flow
- -551
- OCF / Net Profit
- -0.28
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.28
- Cumulative 5-Year FCF
- 0
- 3,772
- Cash from Investing
- 212
- Cash from Financing
- -4,188
- -205
- Free Cash Flow
- 3,721
- OCF / Net Profit
- 5.09
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 5.09
- Cumulative 5-Year FCF
- 0
- 2,524
- Cash from Investing
- 420
- Cash from Financing
- -2,835
- 109
- Free Cash Flow
- 2,524
- OCF / Net Profit
- 52.70
- Cumulative 5-Year FCF
- 7,102
- OCF / Net Profit
- 52.70
- Cumulative 5-Year FCF
- 7,102
- 1,998
- Cash from Investing
- 1,139
- Cash from Financing
- -2,888
- 250
- Free Cash Flow
- 1,953
- OCF / Net Profit
- 1.65
- Cumulative 5-Year FCF
- 7,631
- OCF / Net Profit
- 1.65
- Cumulative 5-Year FCF
- 7,631
- 2,750
- Cash from Investing
- 1,778
- Cash from Financing
- -3,706
- 822
- Free Cash Flow
- 2,750
- OCF / Net Profit
- 5.62
- Cumulative 5-Year FCF
- 10,398
- OCF / Net Profit
- 5.62
- Cumulative 5-Year FCF
- 10,398
- 2,512
- Cash from Investing
- -2,947
- Cash from Financing
- 951
- 516
- Free Cash Flow
- 2,512
- OCF / Net Profit
- 1.62
- Cumulative 5-Year FCF
- 13,460
- OCF / Net Profit
- 1.62
- Cumulative 5-Year FCF
- 13,460
- 1,566
- Cash from Investing
- -90
- Cash from Financing
- -2,506
- -1,030
- Free Cash Flow
- 1,364
- OCF / Net Profit
- 0.57
- Cumulative 5-Year FCF
- 11,103
- OCF / Net Profit
- 0.57
- Cumulative 5-Year FCF
- 11,103
- 959
- Cash from Investing
- -780
- Cash from Financing
- 1,589
- 1,768
- Free Cash Flow
- 564
- OCF / Net Profit
- 0.28
- Cumulative 5-Year FCF
- 9,143
- OCF / Net Profit
- 0.28
- Cumulative 5-Year FCF
- 9,143
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 24.57 | 19.51 | 41.40 | 18.38 | 1.01 | 24.97 | 10.10 | 15.58 | 27.71 | 34.32 |
| Book Value (₹) | 178.28 | 119.27 | 86.24 | 104.12 | 105.30 | 241.58 | 251.64 | 169.77 | 196.61 | 227.26 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.00 | 2.25 | 4.25 | 4.25 |
| Cash EPS (₹) | 13.19 | 15.02 | 23.08 | 13.06 | 1.53 | 13.33 | 6.04 | 17.68 | 30.46 | 37.80 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 27.92% | 20.33% | 27.19% | 16.36% | 31.31% | 26.84% | 23.30% | 10.05% | 28.80% | 29.50% |
| Net Margin % | 7.37% | 8.21% | 13.83% | 5.96% | 0.88% | 13.09% | 5.17% | 15.07% | 20.08% | 20.57% |
| ROE % | 15.56% | 18.14% | 40.48% | 19.68% | 1.16% | 15.30% | 4.12% | 10.72% | 15.16% | 16.21% |
| ROCE % | 9.14% | 6.61% | 10.84% | 6.75% | 5.21% | 10.55% | 4.19% | 10.91% | 15.93% | 16.89% |
| 1.80% | 2.14% | 3.67% | 1.65% | 0.12% | 3.12% | 1.27% | 3.61% | 5.72% | 6.34% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 30 | 26 | 19 | 19 | 49 | 26 | 27 | 27 | 21 | 25 |
| Inventory Days | 995 | 1012 | 1118 | 1035 | 1920 | 1100 | 1108 | 1134 | 933 | 840 |
| Payable Days | -727 | -243 | -310 | 60 | 933 | 561 | -221 | -212 | -404 | -309 |
| 1752 | 1280 | 1448 | 993 | 1036 | 565 | 1355 | 1373 | 1358 | 1173 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 4.01x | 4.79x | 7.51x | 4.47x | 4.36x | 0.99x | 0.75x | 0.45x | 0.36x | 0.44x |
| Interest Coverage (x) | 2.36x | 4.03x | 5.40x | 2.36x | 1.03x | 3.50x | 1.94x | 5.23x | 7.47x | 7.66x |
| 1.03x | 1.18x | 1.04x | 1.01x | 1.11x | 1.47x | 1.50x | 1.62x | 1.69x | 1.75x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -3.91% | 22.09% | 23.04% | 4.50% | -56.21% | 69.46% | 2.57% | 8.93% | 33.57% | 21.02% |
| Operating Profit Growth % | -17.10% | -11.11% | 64.59% | -37.15% | -16.18% | 45.29% | -10.95% | 28.19% | 54.76% | 22.52% |
| Net Profit Growth % | -16.90% | 35.96% | 107.38% | -54.97% | -93.54% | 2423.49% | -59.50% | 217.51% | 78.01% | 24.00% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 54.20% | 77.89% | 23.86% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 72.78x | 43.19x | 19.72x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 6.68x | 6.09x | 2.98x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.20% | 0.36% | 0.63% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 41.64x | 28.49x | 13.78x |
- EPS (₹)
- 24.57
- Book Value (₹)
- 178.28
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 13.19
- Operating Margin %
- 27.92%
- Net Margin %
- 7.37%
- ROE %
- 15.56%
- ROCE %
- 9.14%
- 1.80%
- Debtor Days
- 30
- Inventory Days
- 995
- Payable Days
- -727
- 1752
- Debt to Equity (x)
- 4.01x
- Interest Coverage (x)
- 2.36x
- 1.03x
- Revenue Growth %
- -3.91%
- Operating Profit Growth %
- -17.10%
- Net Profit Growth %
- -16.90%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 19.51
- Book Value (₹)
- 119.27
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 15.02
- Operating Margin %
- 20.33%
- Net Margin %
- 8.21%
- ROE %
- 18.14%
- ROCE %
- 6.61%
- 2.14%
- Debtor Days
- 26
- Inventory Days
- 1012
- Payable Days
- -243
- 1280
- Debt to Equity (x)
- 4.79x
- Interest Coverage (x)
- 4.03x
- 1.18x
- Revenue Growth %
- 22.09%
- Operating Profit Growth %
- -11.11%
- Net Profit Growth %
- 35.96%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 41.40
- Book Value (₹)
- 86.24
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 23.08
- Operating Margin %
- 27.19%
- Net Margin %
- 13.83%
- ROE %
- 40.48%
- ROCE %
- 10.84%
- 3.67%
- Debtor Days
- 19
- Inventory Days
- 1118
- Payable Days
- -310
- 1448
- Debt to Equity (x)
- 7.51x
- Interest Coverage (x)
- 5.40x
- 1.04x
- Revenue Growth %
- 23.04%
- Operating Profit Growth %
- 64.59%
- Net Profit Growth %
- 107.38%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 18.38
- Book Value (₹)
- 104.12
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 13.06
- Operating Margin %
- 16.36%
- Net Margin %
- 5.96%
- ROE %
- 19.68%
- ROCE %
- 6.75%
- 1.65%
- Debtor Days
- 19
- Inventory Days
- 1035
- Payable Days
- 60
- 993
- Debt to Equity (x)
- 4.47x
- Interest Coverage (x)
- 2.36x
- 1.01x
- Revenue Growth %
- 4.50%
- Operating Profit Growth %
- -37.15%
- Net Profit Growth %
- -54.97%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 1.01
- Book Value (₹)
- 105.30
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.53
- Operating Margin %
- 31.31%
- Net Margin %
- 0.88%
- ROE %
- 1.16%
- ROCE %
- 5.21%
- 0.12%
- Debtor Days
- 49
- Inventory Days
- 1920
- Payable Days
- 933
- 1036
- Debt to Equity (x)
- 4.36x
- Interest Coverage (x)
- 1.03x
- 1.11x
- Revenue Growth %
- -56.21%
- Operating Profit Growth %
- -16.18%
- Net Profit Growth %
- -93.54%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 24.97
- Book Value (₹)
- 241.58
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 13.33
- Operating Margin %
- 26.84%
- Net Margin %
- 13.09%
- ROE %
- 15.30%
- ROCE %
- 10.55%
- 3.12%
- Debtor Days
- 26
- Inventory Days
- 1100
- Payable Days
- 561
- 565
- Debt to Equity (x)
- 0.99x
- Interest Coverage (x)
- 3.50x
- 1.47x
- Revenue Growth %
- 69.46%
- Operating Profit Growth %
- 45.29%
- Net Profit Growth %
- 2423.49%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 10.10
- Book Value (₹)
- 251.64
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 6.04
- Operating Margin %
- 23.30%
- Net Margin %
- 5.17%
- ROE %
- 4.12%
- ROCE %
- 4.19%
- 1.27%
- Debtor Days
- 27
- Inventory Days
- 1108
- Payable Days
- -221
- 1355
- Debt to Equity (x)
- 0.75x
- Interest Coverage (x)
- 1.94x
- 1.50x
- Revenue Growth %
- 2.57%
- Operating Profit Growth %
- -10.95%
- Net Profit Growth %
- -59.50%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 15.58
- Book Value (₹)
- 169.77
- Dividend per Share (₹)
- 2.25
- Cash EPS (₹)
- 17.68
- Operating Margin %
- 10.05%
- Net Margin %
- 15.07%
- ROE %
- 10.72%
- ROCE %
- 10.91%
- 3.61%
- Debtor Days
- 27
- Inventory Days
- 1134
- Payable Days
- -212
- 1373
- Debt to Equity (x)
- 0.45x
- Interest Coverage (x)
- 5.23x
- 1.62x
- Revenue Growth %
- 8.93%
- Operating Profit Growth %
- 28.19%
- Net Profit Growth %
- 217.51%
- 54.20%
- P/E (x)
- 72.78x
- P/B (x)
- 6.68x
- Dividend Yield %
- 0.20%
- 41.64x
- EPS (₹)
- 27.71
- Book Value (₹)
- 196.61
- Dividend per Share (₹)
- 4.25
- Cash EPS (₹)
- 30.46
- Operating Margin %
- 28.80%
- Net Margin %
- 20.08%
- ROE %
- 15.16%
- ROCE %
- 15.93%
- 5.72%
- Debtor Days
- 21
- Inventory Days
- 933
- Payable Days
- -404
- 1358
- Debt to Equity (x)
- 0.36x
- Interest Coverage (x)
- 7.47x
- 1.69x
- Revenue Growth %
- 33.57%
- Operating Profit Growth %
- 54.76%
- Net Profit Growth %
- 78.01%
- 77.89%
- P/E (x)
- 43.19x
- P/B (x)
- 6.09x
- Dividend Yield %
- 0.36%
- 28.49x
- EPS (₹)
- 34.32
- Book Value (₹)
- 227.26
- Dividend per Share (₹)
- 4.25
- Cash EPS (₹)
- 37.80
- Operating Margin %
- 29.50%
- Net Margin %
- 20.57%
- ROE %
- 16.21%
- ROCE %
- 16.89%
- 6.34%
- Debtor Days
- 25
- Inventory Days
- 840
- Payable Days
- -309
- 1173
- Debt to Equity (x)
- 0.44x
- Interest Coverage (x)
- 7.66x
- 1.75x
- Revenue Growth %
- 21.02%
- Operating Profit Growth %
- 22.52%
- Net Profit Growth %
- 24.00%
- 23.86%
- P/E (x)
- 19.72x
- P/B (x)
- 2.98x
- Dividend Yield %
- 0.63%
- 13.78x
Documents
Announcements
- 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.
- 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
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Jul 2026
Apr 2026
Feb 2026

