Lodha Developers Ltd.
•2026-08-21
PROS
- Company has delivered good profit growth of 88.7% CAGR over last 5 years
- Latest quarter profit grew 62.9% YoY, showing strong momentum
- Company has delivered good sales growth of 19.7% CAGR over last 5 years
- Stock looks reasonably valued - P/E of 23.2 is below its historical median
- Attractively priced for its growth - PEG of 0.3
- Company maintains a comfortable, low leverage position
CONS
- Total debt has risen sharply - up 33.5% year on year
- Though reporting repeated profits, the company pays out little dividend (14.5%)
* 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 | 677.00 | 37.69 | 167578.60 | 1.18 | 793.90 | -89.59 | 1280.34 | -52.87 | 6.81 | 49.68 |
| 2. | LODHA | 1244.00 | 30.13 | 124297.81 | 0.34 | 1373.10 | 103.39 | 4996.70 | 43.10 | 16.89 | 38.51 |
| 3. | OBEROIRLTY | 1906.00 | 26.35 | 69302.59 | 0.42 | 543.51 | 29.02 | 1300.89 | 31.73 | 17.69 | 56.75 |
| 4. | PHOENIXLTD | 1921.15 | 53.68 | 68712.57 | 0.13 | 394.51 | 22.95 | 1074.94 | 12.80 | 13.70 | 59.77 |
| 5. | PRESTIGE | 1584.45 | 59.92 | 68247.05 | 0.13 | 271.40 | -12.87 | 2675.10 | 15.94 | 11.51 | 31.75 |
| 6. | GODREJPROP | 2025.00 | 38.12 | 60998.37 | 0.49 | 349.38 | -41.61 | 506.17 | 16.48 | 8.37 | -57.98 |
| 7. | ANANTRAJ | 634.00 | 39.43 | 22816.20 | 0.16 | 149.19 | 18.50 | 631.40 | 6.58 | 12.23 | 29.53 |
| 8. | BRIGADE | 626.60 | 29.42 | 20443.41 | 0.24 | 216.94 | 37.35 | 1115.55 | -12.93 | 11.02 | 32.33 |
| 9. | ABREL | 1446.20 | 0.00 | 16153.43 | 0.17 | -34.59 | -27.73 | 188.85 | 30.95 | -4.54 | -30.02 |
| 10. | SOBHA | 1304.85 | 60.51 | 13955.87 | 0.46 | 50.85 | 273.37 | 1278.15 | 50.03 | 6.96 | 6.07 |
| 11. | SIGNATURE | 800.95 | 10.80 | 11268.25 | 0.00 | -16.53 | -148.00 | 551.99 | -36.24 | 5.56 | -8.10 |
| 12. | EMBDL | 63.16 | 0.00 | 8783.24 | 0.00 | -234.40 | -41.51 | 216.75 | -68.17 | -2.39 | -58.63 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,408 | 1,731 | 2,794 | 3,526 | 2,811 | 2,590 | 4,016 | 3,890 | 3,349 | 2,983 | 4,307 | 3,902 | 4,378 | |
| 1,131 | 1,334 | 1,984 | 2,687 | 2,075 | 1,908 | 2,744 | 2,843 | 2,392 | 2,366 | 2,979 | 2,938 | 3,116 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 93 | 23 | 72 | 130 | 95 | 91 | 87 | 155 | 146 | 64 | 399 | 268 | 116 |
| Interest | 154 | 140 | 130 | 119 | 147 | 171 | 186 | 161 | 173 | 187 | 212 | 179 | 199 |
| Depreciation | 41 | 46 | 42 | 122 | 57 | 79 | 66 | 65 | 63 | 65 | 99 | 93 | 65 |
| 176 | 234 | 445 | 729 | 627 | 523 | 1,107 | 977 | 868 | 429 | 1,416 | 960 | 1,377 | |
| Tax % | 23.08% | 24.68% | 29.65% | 26.06% | 27.99% | 24.79% | 24.86% | 24.09% | 25.77% | 21.83% | 19.07% | 17.28% | 23.78% |
| Net Profit | 135 | 176 | 313 | 539 | 452 | 393 | 832 | 742 | 644 | 336 | 1,146 | 794 | 1,050 |
| 1 | 2 | 3 | 6 | 5 | 4 | 8 | 7 | 6 | 3 | 11 | 8 | 1 | |
| Equity Capital | 964 | 964 | 964 | 994 | 995 | 995 | 997 | 998 | 998 | 998 | 999 | 999 | 999 |
| Reserves | 12,292 | 12,292 | 11,766 | 15,558 | 16,282 | 16,563 | 17,375 | 18,147 | 18,838 | 18,779 | 19,951 | 20,769 | 21,843 |
| 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 | 12,292 | 12,292 | 11,766 | 15,558 | 16,282 | 16,563 | 17,375 | 18,147 | 18,838 | 18,779 | 19,951 | 20,769 | 21,843 |
| 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% |
- 1,408
- 1,131
- Operating Profit
- —
- OPM %
- —
- Other Income
- 93
- Interest
- 154
- Depreciation
- 41
- 176
- Tax %
- 23.08%
- Net Profit
- 135
- 1
- Equity Capital
- 964
- Reserves
- 12,292
- Promoter Pledge %
- 0.00%
- Equity Capital
- 964
- Reserves
- 12,292
- Promoter Pledge %
- 0.00%
- 1,731
- 1,334
- Operating Profit
- —
- OPM %
- —
- Other Income
- 23
- Interest
- 140
- Depreciation
- 46
- 234
- Tax %
- 24.68%
- Net Profit
- 176
- 2
- Equity Capital
- 964
- Reserves
- 12,292
- Promoter Pledge %
- 0.00%
- Equity Capital
- 964
- Reserves
- 12,292
- Promoter Pledge %
- 0.00%
- 2,794
- 1,984
- Operating Profit
- —
- OPM %
- —
- Other Income
- 72
- Interest
- 130
- Depreciation
- 42
- 445
- Tax %
- 29.65%
- Net Profit
- 313
- 3
- Equity Capital
- 964
- Reserves
- 11,766
- Promoter Pledge %
- 0.00%
- Equity Capital
- 964
- Reserves
- 11,766
- Promoter Pledge %
- 0.00%
- 3,526
- 2,687
- Operating Profit
- —
- OPM %
- —
- Other Income
- 130
- Interest
- 119
- Depreciation
- 122
- 729
- Tax %
- 26.06%
- Net Profit
- 539
- 6
- Equity Capital
- 994
- Reserves
- 15,558
- Promoter Pledge %
- 0.00%
- Equity Capital
- 994
- Reserves
- 15,558
- Promoter Pledge %
- 0.00%
- 2,811
- 2,075
- Operating Profit
- —
- OPM %
- —
- Other Income
- 95
- Interest
- 147
- Depreciation
- 57
- 627
- Tax %
- 27.99%
- Net Profit
- 452
- 5
- Equity Capital
- 995
- Reserves
- 16,282
- Promoter Pledge %
- 0.00%
- Equity Capital
- 995
- Reserves
- 16,282
- Promoter Pledge %
- 0.00%
- 2,590
- 1,908
- Operating Profit
- —
- OPM %
- —
- Other Income
- 91
- Interest
- 171
- Depreciation
- 79
- 523
- Tax %
- 24.79%
- Net Profit
- 393
- 4
- Equity Capital
- 995
- Reserves
- 16,563
- Promoter Pledge %
- 0.00%
- Equity Capital
- 995
- Reserves
- 16,563
- Promoter Pledge %
- 0.00%
- 4,016
- 2,744
- Operating Profit
- —
- OPM %
- —
- Other Income
- 87
- Interest
- 186
- Depreciation
- 66
- 1,107
- Tax %
- 24.86%
- Net Profit
- 832
- 8
- Equity Capital
- 997
- Reserves
- 17,375
- Promoter Pledge %
- 0.00%
- Equity Capital
- 997
- Reserves
- 17,375
- Promoter Pledge %
- 0.00%
- 3,890
- 2,843
- Operating Profit
- —
- OPM %
- —
- Other Income
- 155
- Interest
- 161
- Depreciation
- 65
- 977
- Tax %
- 24.09%
- Net Profit
- 742
- 7
- Equity Capital
- 998
- Reserves
- 18,147
- Promoter Pledge %
- 0.00%
- Equity Capital
- 998
- Reserves
- 18,147
- Promoter Pledge %
- 0.00%
- 3,349
- 2,392
- Operating Profit
- —
- OPM %
- —
- Other Income
- 146
- Interest
- 173
- Depreciation
- 63
- 868
- Tax %
- 25.77%
- Net Profit
- 644
- 6
- Equity Capital
- 998
- Reserves
- 18,838
- Promoter Pledge %
- 0.00%
- Equity Capital
- 998
- Reserves
- 18,838
- Promoter Pledge %
- 0.00%
- 2,983
- 2,366
- Operating Profit
- —
- OPM %
- —
- Other Income
- 64
- Interest
- 187
- Depreciation
- 65
- 429
- Tax %
- 21.83%
- Net Profit
- 336
- 3
- Equity Capital
- 998
- Reserves
- 18,779
- Promoter Pledge %
- 0.00%
- Equity Capital
- 998
- Reserves
- 18,779
- Promoter Pledge %
- 0.00%
- 4,307
- 2,979
- Operating Profit
- —
- OPM %
- —
- Other Income
- 399
- Interest
- 212
- Depreciation
- 99
- 1,416
- Tax %
- 19.07%
- Net Profit
- 1,146
- 11
- Equity Capital
- 999
- Reserves
- 19,951
- Promoter Pledge %
- 0.00%
- Equity Capital
- 999
- Reserves
- 19,951
- Promoter Pledge %
- 0.00%
- 3,902
- 2,938
- Operating Profit
- —
- OPM %
- —
- Other Income
- 268
- Interest
- 179
- Depreciation
- 93
- 960
- Tax %
- 17.28%
- Net Profit
- 794
- 8
- Equity Capital
- 999
- Reserves
- 20,769
- Promoter Pledge %
- 0.00%
- Equity Capital
- 999
- Reserves
- 20,769
- Promoter Pledge %
- 0.00%
- 4,378
- 3,116
- Operating Profit
- —
- OPM %
- —
- Other Income
- 116
- Interest
- 199
- Depreciation
- 65
- 1,377
- Tax %
- 23.78%
- Net Profit
- 1,050
- 1
- Equity Capital
- 999
- Reserves
- 21,843
- Promoter Pledge %
- 0.00%
- Equity Capital
- 999
- Reserves
- 21,843
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 5,865 | 7,443 | 9,516 | 8,115 | 5,926 | 8,353 | 9,225 | 9,460 | 13,307 | 14,542 | 15,570 | |
| 4,778 | 6,106 | 7,099 | 6,305 | 4,722 | 7,476 | 7,345 | 8,774 | 9,575 | 10,675 | 11,400 | |
| Operating Profit | 1,580 | 1,923 | 2,691 | 2,244 | 1,540 | 2,057 | 2,243 | 2,644 | 4,166 | 4,746 | — |
| OPM % | 27 | 26 | 28 | 28 | 26 | 25 | 24 | 28 | 31 | 33 | — |
| Other Income | 493 | 586 | 275 | 435 | 336 | 1,179 | 363 | 1,959 | 435 | 878 | 847 |
| Interest | 640 | 697 | 676 | 786 | 855 | 402 | 529 | 545 | 666 | 753 | 777 |
| Depreciation | 419 | 385 | 151 | 243 | 69 | 56 | 124 | 251 | 266 | 320 | 322 |
| 521 | 841 | 1,864 | 655 | 156 | 1,599 | 413 | 1,584 | 3,234 | 3,673 | 4,182 | |
| Tax % | 38 | 38 | 35 | 34 | 22 | 29 | -11 | 27 | 25 | 21 | 20 |
| Net Profit | 321 | 521 | 1,212 | 433 | 122 | 1,134 | 456 | 1,164 | 2,418 | 2,920 | 3,325 |
| EPS | 8 | 13 | 31 | 11 | 3 | 25 | 5 | 12 | 24 | 29 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 21 | 19 | 18 | 15 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 4 | 7 | 15 | 5 | 2 | 12 | 5 | 12 | 24 | 29 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 4 | 7 | 15 | 5 | 2 | 12 | 5 | 12 | 24 | 29 | — |
- 5,865
- 4,778
- Operating Profit
- 1,580
- OPM %
- 27
- Other Income
- 493
- Interest
- 640
- Depreciation
- 419
- 521
- Tax %
- 38
- Net Profit
- 321
- EPS
- 8
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 4
- 7,443
- 6,106
- Operating Profit
- 1,923
- OPM %
- 26
- Other Income
- 586
- Interest
- 697
- Depreciation
- 385
- 841
- Tax %
- 38
- Net Profit
- 521
- EPS
- 13
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 7
- 9,516
- 7,099
- Operating Profit
- 2,691
- OPM %
- 28
- Other Income
- 275
- Interest
- 676
- Depreciation
- 151
- 1,864
- Tax %
- 35
- Net Profit
- 1,212
- EPS
- 31
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 15
- 8,115
- 6,305
- Operating Profit
- 2,244
- OPM %
- 28
- Other Income
- 435
- Interest
- 786
- Depreciation
- 243
- 655
- Tax %
- 34
- Net Profit
- 433
- EPS
- 11
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- 5,926
- 4,722
- Operating Profit
- 1,540
- OPM %
- 26
- Other Income
- 336
- Interest
- 855
- Depreciation
- 69
- 156
- Tax %
- 22
- Net Profit
- 122
- EPS
- 3
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- 8,353
- 7,476
- Operating Profit
- 2,057
- OPM %
- 25
- Other Income
- 1,179
- Interest
- 402
- Depreciation
- 56
- 1,599
- Tax %
- 29
- Net Profit
- 1,134
- EPS
- 25
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 12
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 12
- 9,225
- 7,345
- Operating Profit
- 2,243
- OPM %
- 24
- Other Income
- 363
- Interest
- 529
- Depreciation
- 124
- 413
- Tax %
- -11
- Net Profit
- 456
- EPS
- 5
- Dividend Payout %
- 21
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 5
- 9,460
- 8,774
- Operating Profit
- 2,644
- OPM %
- 28
- Other Income
- 1,959
- Interest
- 545
- Depreciation
- 251
- 1,584
- Tax %
- 27
- Net Profit
- 1,164
- EPS
- 12
- Dividend Payout %
- 19
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 12
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 12
- 13,307
- 9,575
- Operating Profit
- 4,166
- OPM %
- 31
- Other Income
- 435
- Interest
- 666
- Depreciation
- 266
- 3,234
- Tax %
- 25
- Net Profit
- 2,418
- EPS
- 24
- Dividend Payout %
- 18
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 24
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 24
- 14,542
- 10,675
- Operating Profit
- 4,746
- OPM %
- 33
- Other Income
- 878
- Interest
- 753
- Depreciation
- 320
- 3,673
- Tax %
- 21
- Net Profit
- 2,920
- EPS
- 29
- Dividend Payout %
- 15
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 29
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 29
- 15,570
- 11,400
- Operating Profit
- —
- OPM %
- —
- Other Income
- 847
- Interest
- 777
- Depreciation
- 322
- 4,182
- Tax %
- 20
- Net Profit
- 3,325
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 8%
- 5 Years:
- 20%
- 3 Years:
- 16%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 16%
- 5 Years:
- 89%
- 3 Years:
- 86%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- 24%
- 3 Years:
- 21%
- 1 Year:
- -4%
RETURN ON EQUITY
- 10 Years:
- 12%
- 5 Years:
- 11%
- 3 Years:
- 12%
- Last Year:
- 14%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 |
| 3,729 | 4,625 | 3,225 | 3,941 | 4,159 | 11,655 | 11,985 | 15,855 | 18,464 | 21,073 | |
| 12,370 | 15,706 | 16,513 | 16,446 | 14,481 | 8,764 | 8,655 | 7,484 | 6,665 | 5,307 | |
| Trade Payables | 2,011 | 1,562 | 1,669 | 1,673 | 1,306 | 1,389 | 2,271 | 2,758 | 3,531 | 3,766 |
| 10,328 | 7,875 | 13,577 | 11,961 | 15,520 | 15,272 | 16,745 | 20,533 | 20,167 | 26,421 | |
| Total Liabilities | 28,551 | 30,165 | 35,379 | 34,418 | 35,862 | 37,562 | 40,137 | 47,624 | 49,824 | 57,566 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 773 | 1,548 | 1,491 | 1,297 | 1,304 | 1,351 | 1,710 | 898 | 670 | 1,082 | |
| Capital Work in Progress | 100 | 6 | 6 | 6 | 6 | 0 | 0 | 0 | 0 | 0 |
| 2,587 | 925 | 982 | 1,058 | 1,682 | 612 | 380 | 2,385 | 1,387 | 2,943 | |
| 17,380 | 21,505 | 27,155 | 25,371 | 26,679 | 25,909 | 28,666 | 32,830 | 34,119 | 36,588 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 763 | 732 | 888 | |
| Cash & Bank | 203 | 174 | 263 | 116 | 256 | 1,021 | 1,700 | 2,500 | 1,482 | 2,913 |
| 7,507 | 6,008 | 5,483 | 6,569 | 5,934 | 8,668 | 7,681 | 8,250 | 11,434 | 13,153 | |
| Total Assets | 28,551 | 30,165 | 35,379 | 34,418 | 35,862 | 37,562 | 40,137 | 47,624 | 49,824 | 57,566 |
| Total Debt | 12,553 | 15,861 | 16,999 | 16,897 | 15,773 | 10,832 | 10,229 | 8,601 | 8,030 | 10,724 |
| Net Working Capital | -728 | 1,614 | -720 | -44 | 1,626 | 9,132 | 10,560 | 15,238 | 17,651 | 18,595 |
| Contingent Liabilities | 8,036 | 3,773 | 4,080 | 3,926 | 4,893 | 1,815 | 1,206 | 1,394 | 1,443 | 1,309 |
| Book Value per Share | 169.84 | 115.97 | 80.58 | 98.69 | 104.18 | 243.06 | 249.75 | 164.99 | 190.68 | 216.52 |
| Face Value | 5.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 12,553 | 15,861 | 16,999 | 16,897 | 15,773 | 10,832 | 10,229 | 8,601 | 8,030 | 10,724 |
| Net Working Capital | -728 | 1,614 | -720 | -44 | 1,626 | 9,132 | 10,560 | 15,238 | 17,651 | 18,595 |
| Contingent Liabilities | 8,036 | 3,773 | 4,080 | 3,926 | 4,893 | 1,815 | 1,206 | 1,394 | 1,443 | 1,309 |
| Book Value per Share | 169.84 | 115.97 | 80.58 | 98.69 | 104.18 | 243.06 | 249.75 | 164.99 | 190.68 | 216.52 |
| 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
- 3,729
- 12,370
- Trade Payables
- 2,011
- 10,328
- Total Liabilities
- 28,551
- 773
- Capital Work in Progress
- 100
- 2,587
- 17,380
- 0
- Cash & Bank
- 203
- 7,507
- Total Assets
- 28,551
- Total Debt
- 12,553
- Net Working Capital
- -728
- Contingent Liabilities
- 8,036
- Book Value per Share
- 169.84
- Face Value
- 5.00
- Total Debt
- 12,553
- Net Working Capital
- -728
- Contingent Liabilities
- 8,036
- Book Value per Share
- 169.84
- Face Value
- 5.00
- Equity Capital
- 396
- 4,625
- 15,706
- Trade Payables
- 1,562
- 7,875
- Total Liabilities
- 30,165
- 1,548
- Capital Work in Progress
- 6
- 925
- 21,505
- 0
- Cash & Bank
- 174
- 6,008
- Total Assets
- 30,165
- Total Debt
- 15,861
- Net Working Capital
- 1,614
- Contingent Liabilities
- 3,773
- Book Value per Share
- 115.97
- Face Value
- 10.00
- Total Debt
- 15,861
- Net Working Capital
- 1,614
- Contingent Liabilities
- 3,773
- Book Value per Share
- 115.97
- Face Value
- 10.00
- Equity Capital
- 396
- 3,225
- 16,513
- Trade Payables
- 1,669
- 13,577
- Total Liabilities
- 35,379
- 1,491
- Capital Work in Progress
- 6
- 982
- 27,155
- 0
- Cash & Bank
- 263
- 5,483
- Total Assets
- 35,379
- Total Debt
- 16,999
- Net Working Capital
- -720
- Contingent Liabilities
- 4,080
- Book Value per Share
- 80.58
- Face Value
- 10.00
- Total Debt
- 16,999
- Net Working Capital
- -720
- Contingent Liabilities
- 4,080
- Book Value per Share
- 80.58
- Face Value
- 10.00
- Equity Capital
- 396
- 3,941
- 16,446
- Trade Payables
- 1,673
- 11,961
- Total Liabilities
- 34,418
- 1,297
- Capital Work in Progress
- 6
- 1,058
- 25,371
- 0
- Cash & Bank
- 116
- 6,569
- Total Assets
- 34,418
- Total Debt
- 16,897
- Net Working Capital
- -44
- Contingent Liabilities
- 3,926
- Book Value per Share
- 98.69
- Face Value
- 10.00
- Total Debt
- 16,897
- Net Working Capital
- -44
- Contingent Liabilities
- 3,926
- Book Value per Share
- 98.69
- Face Value
- 10.00
- Equity Capital
- 396
- 4,159
- 14,481
- Trade Payables
- 1,306
- 15,520
- Total Liabilities
- 35,862
- 1,304
- Capital Work in Progress
- 6
- 1,682
- 26,679
- 0
- Cash & Bank
- 256
- 5,934
- Total Assets
- 35,862
- Total Debt
- 15,773
- Net Working Capital
- 1,626
- Contingent Liabilities
- 4,893
- Book Value per Share
- 104.18
- Face Value
- 10.00
- Total Debt
- 15,773
- Net Working Capital
- 1,626
- Contingent Liabilities
- 4,893
- Book Value per Share
- 104.18
- Face Value
- 10.00
- Equity Capital
- 482
- 11,655
- 8,764
- Trade Payables
- 1,389
- 15,272
- Total Liabilities
- 37,562
- 1,351
- Capital Work in Progress
- 0
- 612
- 25,909
- 0
- Cash & Bank
- 1,021
- 8,668
- Total Assets
- 37,562
- Total Debt
- 10,832
- Net Working Capital
- 9,132
- Contingent Liabilities
- 1,815
- Book Value per Share
- 243.06
- Face Value
- 10.00
- Total Debt
- 10,832
- Net Working Capital
- 9,132
- Contingent Liabilities
- 1,815
- Book Value per Share
- 243.06
- Face Value
- 10.00
- Equity Capital
- 482
- 11,985
- 8,655
- Trade Payables
- 2,271
- 16,745
- Total Liabilities
- 40,137
- 1,710
- Capital Work in Progress
- 0
- 380
- 28,666
- 0
- Cash & Bank
- 1,700
- 7,681
- Total Assets
- 40,137
- Total Debt
- 10,229
- Net Working Capital
- 10,560
- Contingent Liabilities
- 1,206
- Book Value per Share
- 249.75
- Face Value
- 10.00
- Total Debt
- 10,229
- Net Working Capital
- 10,560
- Contingent Liabilities
- 1,206
- Book Value per Share
- 249.75
- Face Value
- 10.00
- Equity Capital
- 994
- 15,855
- 7,484
- Trade Payables
- 2,758
- 20,533
- Total Liabilities
- 47,624
- 898
- Capital Work in Progress
- 0
- 2,385
- 32,830
- 763
- Cash & Bank
- 2,500
- 8,250
- Total Assets
- 47,624
- Total Debt
- 8,601
- Net Working Capital
- 15,238
- Contingent Liabilities
- 1,394
- Book Value per Share
- 164.99
- Face Value
- 10.00
- Total Debt
- 8,601
- Net Working Capital
- 15,238
- Contingent Liabilities
- 1,394
- Book Value per Share
- 164.99
- Face Value
- 10.00
- Equity Capital
- 998
- 18,464
- 6,665
- Trade Payables
- 3,531
- 20,167
- Total Liabilities
- 49,824
- 670
- Capital Work in Progress
- 0
- 1,387
- 34,119
- 732
- Cash & Bank
- 1,482
- 11,434
- Total Assets
- 49,824
- Total Debt
- 8,030
- Net Working Capital
- 17,651
- Contingent Liabilities
- 1,443
- Book Value per Share
- 190.68
- Face Value
- 10.00
- Total Debt
- 8,030
- Net Working Capital
- 17,651
- Contingent Liabilities
- 1,443
- Book Value per Share
- 190.68
- Face Value
- 10.00
- Equity Capital
- 999
- 21,073
- 5,307
- Trade Payables
- 3,766
- 26,421
- Total Liabilities
- 57,566
- 1,082
- Capital Work in Progress
- 0
- 2,943
- 36,588
- 888
- Cash & Bank
- 2,913
- 13,153
- Total Assets
- 57,566
- Total Debt
- 10,724
- Net Working Capital
- 18,595
- Contingent Liabilities
- 1,309
- Book Value per Share
- 216.52
- Face Value
- 10.00
- Total Debt
- 10,724
- Net Working Capital
- 18,595
- Contingent Liabilities
- 1,309
- Book Value per Share
- 216.52
- Face Value
- 10.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1,920 | 835 | 948 | 2,000 | 3,818 | 1,961 | 1,633 | 1,780 | 1,610 | 1,486 | |
| Cash from Investing | -1,472 | 330 | 276 | -147 | 84 | -1,624 | 1,684 | -1,931 | -55 | -1,532 |
| Cash from Financing | -449 | -1,155 | -1,145 | -1,985 | -3,808 | -202 | -2,377 | 667 | -2,532 | 1,436 |
| -1 | 10 | 80 | -131 | 94 | 134 | 941 | 516 | -977 | 1,389 | |
| Free Cash Flow | 1,920 | -205 | 878 | 1,978 | 3,655 | 1,880 | 1,418 | 1,780 | 1,587 | 788 |
| OCF / Net Profit | 5.99 | 1.60 | 0.78 | 4.62 | 31.26 | 1.73 | 3.58 | 1.53 | 0.67 | 0.51 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 8,226 | 8,186 | 9,809 | 10,711 | 10,320 | 7,452 |
| OCF / Net Profit | 5.99 | 1.60 | 0.78 | 4.62 | 31.26 | 1.73 | 3.58 | 1.53 | 0.67 | 0.51 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 8,226 | 8,186 | 9,809 | 10,711 | 10,320 | 7,452 |
- 1,920
- Cash from Investing
- -1,472
- Cash from Financing
- -449
- -1
- Free Cash Flow
- 1,920
- OCF / Net Profit
- 5.99
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 5.99
- Cumulative 5-Year FCF
- 0
- 835
- Cash from Investing
- 330
- Cash from Financing
- -1,155
- 10
- Free Cash Flow
- -205
- OCF / Net Profit
- 1.60
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.60
- Cumulative 5-Year FCF
- 0
- 948
- Cash from Investing
- 276
- Cash from Financing
- -1,145
- 80
- Free Cash Flow
- 878
- OCF / Net Profit
- 0.78
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.78
- Cumulative 5-Year FCF
- 0
- 2,000
- Cash from Investing
- -147
- Cash from Financing
- -1,985
- -131
- Free Cash Flow
- 1,978
- OCF / Net Profit
- 4.62
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 4.62
- Cumulative 5-Year FCF
- 0
- 3,818
- Cash from Investing
- 84
- Cash from Financing
- -3,808
- 94
- Free Cash Flow
- 3,655
- OCF / Net Profit
- 31.26
- Cumulative 5-Year FCF
- 8,226
- OCF / Net Profit
- 31.26
- Cumulative 5-Year FCF
- 8,226
- 1,961
- Cash from Investing
- -1,624
- Cash from Financing
- -202
- 134
- Free Cash Flow
- 1,880
- OCF / Net Profit
- 1.73
- Cumulative 5-Year FCF
- 8,186
- OCF / Net Profit
- 1.73
- Cumulative 5-Year FCF
- 8,186
- 1,633
- Cash from Investing
- 1,684
- Cash from Financing
- -2,377
- 941
- Free Cash Flow
- 1,418
- OCF / Net Profit
- 3.58
- Cumulative 5-Year FCF
- 9,809
- OCF / Net Profit
- 3.58
- Cumulative 5-Year FCF
- 9,809
- 1,780
- Cash from Investing
- -1,931
- Cash from Financing
- 667
- 516
- Free Cash Flow
- 1,780
- OCF / Net Profit
- 1.53
- Cumulative 5-Year FCF
- 10,711
- OCF / Net Profit
- 1.53
- Cumulative 5-Year FCF
- 10,711
- 1,610
- Cash from Investing
- -55
- Cash from Financing
- -2,532
- -977
- Free Cash Flow
- 1,587
- OCF / Net Profit
- 0.67
- Cumulative 5-Year FCF
- 10,320
- OCF / Net Profit
- 0.67
- Cumulative 5-Year FCF
- 10,320
- 1,486
- Cash from Investing
- -1,532
- Cash from Financing
- 1,436
- 1,389
- Free Cash Flow
- 788
- OCF / Net Profit
- 0.51
- Cumulative 5-Year FCF
- 7,452
- OCF / Net Profit
- 0.51
- Cumulative 5-Year FCF
- 7,452
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 14.18 | 13.15 | 30.62 | 10.94 | 3.09 | 23.54 | 9.46 | 11.70 | 24.24 | 29.23 |
| Book Value (₹) | 169.84 | 115.97 | 80.58 | 98.69 | 104.18 | 243.06 | 249.75 | 164.99 | 190.68 | 216.52 |
| 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 (₹) | 9.34 | 11.44 | 17.22 | 8.54 | 2.41 | 12.35 | 6.02 | 14.23 | 26.91 | 32.43 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 26.93% | 25.84% | 28.28% | 27.65% | 25.98% | 24.62% | 24.32% | 7.25% | 28.04% | 26.59% |
| Net Margin % | 5.47% | 7.00% | 12.74% | 5.34% | 2.06% | 13.57% | 4.94% | 12.30% | 18.17% | 20.08% |
| ROE % | 9.35% | 12.35% | 31.16% | 12.20% | 3.04% | 14.32% | 3.84% | 8.18% | 13.65% | 14.37% |
| ROCE % | 7.43% | 8.35% | 12.50% | 7.03% | 4.97% | 9.42% | 4.19% | 8.96% | 14.91% | 14.83% |
| 1.19% | 1.77% | 3.70% | 1.24% | 0.35% | 3.09% | 1.17% | 2.65% | 4.96% | 5.44% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 24 | 25 | 21 | 26 | 42 | 25 | 25 | 29 | 20 | 20 |
| Inventory Days | 1040 | 953 | 933 | 1181 | 1603 | 1149 | 1080 | 1186 | 918 | 887 |
| Payable Days | -538 | 1167 | 2546 | 346 | 428 | 552 | -299 | -220 | -5319 | -545 |
| 1603 | -189 | -1592 | 861 | 1217 | 621 | 1403 | 1436 | 6258 | 1452 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 3.27x | 3.45x | 5.33x | 4.32x | 3.82x | 0.93x | 0.85x | 0.52x | 0.42x | 0.50x |
| Interest Coverage (x) | 1.81x | 2.21x | 3.76x | 1.83x | 1.18x | 4.98x | 1.78x | 3.91x | 5.85x | 5.88x |
| 0.97x | 1.07x | 0.98x | 1.00x | 1.05x | 1.40x | 1.41x | 1.52x | 1.62x | 1.59x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -13.68% | 26.90% | 27.85% | -14.72% | -26.98% | 40.97% | 10.44% | 2.54% | 40.67% | 9.28% |
| Operating Profit Growth % | -23.10% | 21.74% | 39.95% | -16.62% | -31.39% | 33.59% | 9.07% | 17.88% | 57.56% | 13.90% |
| Net Profit Growth % | -53.42% | 62.38% | 132.77% | -64.28% | -71.79% | 828.12% | -59.77% | 155.22% | 107.78% | 20.75% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 23.65% | 107.14% | 20.59% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 96.88x | 49.37x | 23.16x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 6.87x | 6.28x | 3.13x |
| 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 | 44.95x | 30.23x | 15.89x |
- EPS (₹)
- 14.18
- Book Value (₹)
- 169.84
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 9.34
- Operating Margin %
- 26.93%
- Net Margin %
- 5.47%
- ROE %
- 9.35%
- ROCE %
- 7.43%
- 1.19%
- Debtor Days
- 24
- Inventory Days
- 1040
- Payable Days
- -538
- 1603
- Debt to Equity (x)
- 3.27x
- Interest Coverage (x)
- 1.81x
- 0.97x
- Revenue Growth %
- -13.68%
- Operating Profit Growth %
- -23.10%
- Net Profit Growth %
- -53.42%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 13.15
- Book Value (₹)
- 115.97
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 11.44
- Operating Margin %
- 25.84%
- Net Margin %
- 7.00%
- ROE %
- 12.35%
- ROCE %
- 8.35%
- 1.77%
- Debtor Days
- 25
- Inventory Days
- 953
- Payable Days
- 1167
- -189
- Debt to Equity (x)
- 3.45x
- Interest Coverage (x)
- 2.21x
- 1.07x
- Revenue Growth %
- 26.90%
- Operating Profit Growth %
- 21.74%
- Net Profit Growth %
- 62.38%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 30.62
- Book Value (₹)
- 80.58
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 17.22
- Operating Margin %
- 28.28%
- Net Margin %
- 12.74%
- ROE %
- 31.16%
- ROCE %
- 12.50%
- 3.70%
- Debtor Days
- 21
- Inventory Days
- 933
- Payable Days
- 2546
- -1592
- Debt to Equity (x)
- 5.33x
- Interest Coverage (x)
- 3.76x
- 0.98x
- Revenue Growth %
- 27.85%
- Operating Profit Growth %
- 39.95%
- Net Profit Growth %
- 132.77%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 10.94
- Book Value (₹)
- 98.69
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 8.54
- Operating Margin %
- 27.65%
- Net Margin %
- 5.34%
- ROE %
- 12.20%
- ROCE %
- 7.03%
- 1.24%
- Debtor Days
- 26
- Inventory Days
- 1181
- Payable Days
- 346
- 861
- Debt to Equity (x)
- 4.32x
- Interest Coverage (x)
- 1.83x
- 1.00x
- Revenue Growth %
- -14.72%
- Operating Profit Growth %
- -16.62%
- Net Profit Growth %
- -64.28%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 3.09
- Book Value (₹)
- 104.18
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.41
- Operating Margin %
- 25.98%
- Net Margin %
- 2.06%
- ROE %
- 3.04%
- ROCE %
- 4.97%
- 0.35%
- Debtor Days
- 42
- Inventory Days
- 1603
- Payable Days
- 428
- 1217
- Debt to Equity (x)
- 3.82x
- Interest Coverage (x)
- 1.18x
- 1.05x
- Revenue Growth %
- -26.98%
- Operating Profit Growth %
- -31.39%
- Net Profit Growth %
- -71.79%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 23.54
- Book Value (₹)
- 243.06
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 12.35
- Operating Margin %
- 24.62%
- Net Margin %
- 13.57%
- ROE %
- 14.32%
- ROCE %
- 9.42%
- 3.09%
- Debtor Days
- 25
- Inventory Days
- 1149
- Payable Days
- 552
- 621
- Debt to Equity (x)
- 0.93x
- Interest Coverage (x)
- 4.98x
- 1.40x
- Revenue Growth %
- 40.97%
- Operating Profit Growth %
- 33.59%
- Net Profit Growth %
- 828.12%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 9.46
- Book Value (₹)
- 249.75
- Dividend per Share (₹)
- 2.00
- Cash EPS (₹)
- 6.02
- Operating Margin %
- 24.32%
- Net Margin %
- 4.94%
- ROE %
- 3.84%
- ROCE %
- 4.19%
- 1.17%
- Debtor Days
- 25
- Inventory Days
- 1080
- Payable Days
- -299
- 1403
- Debt to Equity (x)
- 0.85x
- Interest Coverage (x)
- 1.78x
- 1.41x
- Revenue Growth %
- 10.44%
- Operating Profit Growth %
- 9.07%
- Net Profit Growth %
- -59.77%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
- EPS (₹)
- 11.70
- Book Value (₹)
- 164.99
- Dividend per Share (₹)
- 2.25
- Cash EPS (₹)
- 14.23
- Operating Margin %
- 7.25%
- Net Margin %
- 12.30%
- ROE %
- 8.18%
- ROCE %
- 8.96%
- 2.65%
- Debtor Days
- 29
- Inventory Days
- 1186
- Payable Days
- -220
- 1436
- Debt to Equity (x)
- 0.52x
- Interest Coverage (x)
- 3.91x
- 1.52x
- Revenue Growth %
- 2.54%
- Operating Profit Growth %
- 17.88%
- Net Profit Growth %
- 155.22%
- 23.65%
- P/E (x)
- 96.88x
- P/B (x)
- 6.87x
- Dividend Yield %
- 0.20%
- 44.95x
- EPS (₹)
- 24.24
- Book Value (₹)
- 190.68
- Dividend per Share (₹)
- 4.25
- Cash EPS (₹)
- 26.91
- Operating Margin %
- 28.04%
- Net Margin %
- 18.17%
- ROE %
- 13.65%
- ROCE %
- 14.91%
- 4.96%
- Debtor Days
- 20
- Inventory Days
- 918
- Payable Days
- -5319
- 6258
- Debt to Equity (x)
- 0.42x
- Interest Coverage (x)
- 5.85x
- 1.62x
- Revenue Growth %
- 40.67%
- Operating Profit Growth %
- 57.56%
- Net Profit Growth %
- 107.78%
- 107.14%
- P/E (x)
- 49.37x
- P/B (x)
- 6.28x
- Dividend Yield %
- 0.36%
- 30.23x
- EPS (₹)
- 29.23
- Book Value (₹)
- 216.52
- Dividend per Share (₹)
- 4.25
- Cash EPS (₹)
- 32.43
- Operating Margin %
- 26.59%
- Net Margin %
- 20.08%
- ROE %
- 14.37%
- ROCE %
- 14.83%
- 5.44%
- Debtor Days
- 20
- Inventory Days
- 887
- Payable Days
- -545
- 1452
- Debt to Equity (x)
- 0.50x
- Interest Coverage (x)
- 5.88x
- 1.59x
- Revenue Growth %
- 9.28%
- Operating Profit Growth %
- 13.90%
- Net Profit Growth %
- 20.75%
- 20.59%
- P/E (x)
- 23.16x
- P/B (x)
- 3.13x
- Dividend Yield %
- 0.63%
- 15.89x
Documents
Announcements
- ESOP/ESOS/ESPS
2026-08-21 - Lodha Developers Limited has informed the Exchange regarding Allotment of 44715 Shares.
- 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.
Annual Reports
Nothing filed yet.
Credit Ratings
Nothing filed yet.
Concalls
Jul 2026
Apr 2026
Feb 2026

