Lodha Developers
- Market cap
- ₹ 96,236 Cr.
- P/E
- 23.3x
- P/B
- 4.32x
- 52-week range
- 650.8 – 1,344.95
- ROE
- 15%
- ROCE
- 16%
- Dividend yield
- 0.4%
- Debt / equity
- 0.42
- Sector
- Realty
- Industry
- Residential, Commercial Projects
- Listed on
- NSE, BSE
About
Lodha Developers Limited, formerly Macrotech Developers Limited, is an India-based real estate developer. The Company is engaged in the construction and development of real estate and allied activities, which also includes development of residential projects, commercial projects and digital infrastructure parks. The Company’s projects are located in the Mumbai Metropolitan Region, Pune and Bengaluru. Its residential projects include Lodha World Towers, Mumbai; Lodha Cullinan, Mumbai; Lodha Vero, Mumbai; The Reserve by Lodha Belmondo, Mumbai-Pune Expressway; Lodha Sterling, Thane; Lodha Golfview, Palava; Lodha Villa Royale Gold, Thane, and Lodha Azur, Bangalore. Its commercial projects include Lodha Supremus New Cuffe Parade, New Cuffe Parade; Lodha iThink, Palava Business District; Lodha Signet Lower Parel, Lower Parel; LodhaExcelus, Mahalaxmi; Lodha Supremus Thane, Thane; Lodha Life Sciences, Palava, among others.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Residential, Commercial Projects: 174 companies →Lodha Developers against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)23.3 against a typical 23.3: in line than most peers (1st = cheapest).87th of 173
- Sales growth+43.1% against a typical +6.6% from a year earlier.41st of 134
- Profit growth+103.4% against a typical +2.9% from a year earlier.22nd of 108
- Share price, 3 months−23.2% against a typical −10.3%.125th of 147
- Size₹ 96,236 Cr. market value against a typical ₹ 129.6 Cr. (1st = largest).3rd of 163
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA by 2 agencies- All agencies agree and none has raised a warning.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | Withdrawn | Stable | 22 Sep 2026 |
| CRISIL | Crisil AA | Stable | 12 Dec 2025 |
| India Ratings | IND AA; IND A1+ | Stable | 15 Oct 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 22 Sep 2026 | Withdrawn | was [ICRA]AA | — | ICRA | ₹ 280 Cr. | |
| 12 Dec 2025 | Reaffirmed | Crisil AA | — | CRISIL | ₹ 8,800 Cr. | |
| 17 Oct 2025 | Reaffirmed | Crisil AA | — | CRISIL | ₹ 7,900 Cr. | |
| 17 Oct 2025 | Rating action | [ICRA]AA | — | ICRA | ₹ 2,180 Cr. | |
| 15 Oct 2025 | Reaffirmed | IND AA | — | India Ratings | ₹ 2,780 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 30 Oct 2026Upcoming | Financial Results | To consider and approve the unaudited financial results for the quarter and half year ended September 30, 2026 |
| 24 Jul 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 24 Apr 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 28 Jan 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 30 Oct 2025 | Financial Results | To consider and approve the Unaudited financial results of the Company for the quarter and half year ended September 30, 2025 |
| 11 Aug 2025 | Fund Raising | To consider the proposal for fund raising by way of issuance of Non-Convertible Debentures on private placement basis |
| 26 Jul 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,750 | 2,931 | 4,018 | 2,846 | 2,626 | 4,083 | 4,224 | 3,492 | 3,798 | 4,672 | 4,714 | 4,997 |
| Expenses | 1,338 | 2,055 | 2,972 | 2,090 | 1,922 | 2,777 | 3,004 | 2,508 | 2,690 | 3,257 | 3,301 | 3,074 |
| Operating Profit | 412 | 876 | 1,046 | 756 | 704 | 1,306 | 1,220 | 984 | 1,108 | 1,415 | 1,413 | 1,922 |
| OPM % | 24% | 30% | 26% | 27% | 27% | 32% | 29% | 28% | 29% | 30% | 30% | 38% |
| Other Income | 6 | −77 | 65 | 72 | 59 | 64 | 196 | 133 | 80 | 110 | 129 | 102 |
| Interest | 123 | 117 | 116 | 117 | 136 | 144 | 152 | 148 | 156 | 185 | 167 | 179 |
| Depreciation | 29 | 33 | 117 | 60 | 66 | 67 | 78 | 66 | 71 | 98 | 111 | 69 |
| Profit before tax | 265 | 649 | 878 | 651 | 560 | 1,158 | 1,186 | 904 | 961 | 1,243 | 1,264 | 1,776 |
| Tax % | 24% | 22% | 24% | 27% | 24% | 18% | 22% | 25% | 18% | 23% | 20% | 23% |
| Net Profit | 203 | 505 | 667 | 476 | 423 | 945 | 923 | 675 | 790 | 958 | 1,008 | 1,373 |
| EPS in Rs | 2.09 | 5.22 | 6.69 | 4.78 | 4.25 | 9.47 | 9.24 | 6.76 | 7.9 | 9.58 | 10.09 | 13.73 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 7%
- 5 Years
- 25%
- 3 Years
- 21%
- TTM
- 26%
- 10 Years
- 17%
- 5 Years
- 58%
- 3 Years
- 56%
- TTM
- 39%
- 10 Years
- —
- 5 Years
- 24%
- 3 Years
- 21%
- TTM
- —
- 10 Years
- 14%
- 5 Years
- 13%
- 3 Years
- 14%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Lodha Developers | ₹ 1,007.10 | ₹ 96,236 Cr. | 23.3x | 4.3x | 15% | — |
| DLF | ₹ 653.55 | ₹ 1,61,774 Cr. | 39x | 3.6x | 10% | 32% |
| Indus Towers | ₹ 380.00 | ₹ 1,00,250 Cr. | 14.9x | 2.7x | 19.8% | 22% |
| Oberoi Realty | ₹ 1,587.20 | ₹ 57,846 Cr. | 27.3x | 3.8x | — | 41.6% |
| Godrej Properties | ₹ 1,497.90 | ₹ 45,121 Cr. | 166x | 3.3x | 10.2% | 35.9% |
| Rail Vikas Nigam | ₹ 180.10 | ₹ 37,551 Cr. | 53.7x | 4.8x | 9% | 4.3% |
Management
- Abhishek Mangal Prabhat Lodha
- Chief Executive Officer, Managing Director, Executive Director
- Sanjay Chauhan
- Chief Financial Officer
- Sanjyot Nilesh Rangnekar
- Company Secretary & Compliance Officer
- Shaishav Dharia
- Whole-Time Director
- Raunika Malhotra
- Whole Time Director
- Sushil Kumar Modi
- Whole-Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.