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Lodha Developers Ltd.
NSE: LODHA · Realty
₹1,179.00+0.27%06 Nov 2026
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Instant answers about Lodha Developers Ltd. — computed from its filings, no language modelMarket cap₹1,17,829 cr
Current price₹1,179.00
High / Low₹1,316 / ₹677
P/E27.1
P/B4.66
Book value₹253.0
ROE17.2%
ROCE17.7%
Debt / equity0.41
Dividend yield0.36%
EPS (TTM)₹43.53
Face value₹10
Price & valuation
split & bonus adjusted · pick a metric and rangeAnnual performance
annual · ₹ crore · line = operating margin| FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Revenue | 5,449 | 9,233 | 9,470 | 10,316 | 13,780 | 16,676 |
| EBITDA | 1,372 | 2,125 | 2,066 | 2,676 | 3,988 | 4,921 |
| Operating margin | 25.2% | 23.0% | 21.8% | 25.9% | 28.9% | 29.5% |
| Interest | 1,126 | 680 | 479 | 480 | 550 | 657 |
| Depreciation | 73 | 75 | 93 | 204 | 272 | 345 |
| Profit before tax | 33 | 1,716 | 458 | 2,040 | 3,557 | 4,362 |
| Tax | -15 | 508 | -37 | 473 | 789 | 941 |
| Net profit | 40 | 1,202 | 487 | 1,549 | 2,764 | 3,428 |
| EPS ₹ | 1.01 | 26.28 | 10.10 | 16.03 | 27.76 | 34.34 |
| Operating cash flow | — | 1,998 | 2,750 | 2,512 | 1,566 | 959 |
| Capex | — | 41 | 90 | 170 | 474 | 250 |
| Dividend paid | — | 0 | 0 | 96 | 224 | 424 |
| Total assets | 39,308 | 38,479 | 39,155 | 47,225 | 49,841 | 58,937 |
| Equity | 4,599 | 12,105 | 12,663 | 17,469 | 20,178 | 23,286 |
Quarterly performance
last 22 quarters · ₹ crore| MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 2,534 | 1,605 | 2,124 | 2,059 | 3,445 | 1,765 | 1,774 | 3,255 | 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 | 4,467 |
| Operating profit | 808 | 376 | 392 | 486 | 871 | 424 | 404 | 772 | 330 | 416 | 883 | 1,047 | 757 | 705 | 1,306 | 1,221 | 984 | 1,109 | 1,415 | 1,413 | 1,922 | 1,488 |
| Operating margin | 31.9% | 23.4% | 18.4% | 23.6% | 25.3% | 24.0% | 22.8% | 23.7% | 20.4% | 23.8% | 30.1% | 26.1% | 26.6% | 26.8% | 32.0% | 28.9% | 28.2% | 29.2% | 30.3% | 30.0% | 38.5% | 33.3% |
| Other income | 78 | 107 | 78 | 89 | 72 | -4 | 129 | 16 | 54 | 6 | 28 | 65 | 72 | 59 | 64 | 196 | 133 | 80 | 103 | 127 | 100 | 118 |
| Interest | 315 | 245 | 156 | 157 | 122 | 125 | 118 | 117 | 124 | 123 | 117 | 116 | 117 | 136 | 144 | 152 | 148 | 156 | 185 | 167 | 179 | 185 |
| Depreciation | 17 | 19 | 18 | 19 | 19 | 22 | 22 | 30 | 24 | 29 | 33 | 117 | 60 | 66 | 67 | 78 | 66 | 71 | 98 | 111 | 69 | 83 |
| Profit before tax | 554 | 219 | 295 | 399 | 802 | -904 | 393 | 641 | 236 | 269 | 656 | 879 | 651 | 560 | 1,158 | 1,187 | 904 | 961 | 1,236 | 1,262 | 1,774 | 1,338 |
| Tax | 242 | 59 | 72 | 113 | 264 | 27 | -12 | -108 | 56 | 62 | 144 | 212 | 175 | 137 | 214 | 264 | 228 | 171 | 285 | 256 | 403 | 328 |
| Net profit | 311 | 161 | 220 | 286 | 535 | -933 | 405 | 744 | 178 | 202 | 503 | 666 | 475 | 423 | 944 | 922 | 675 | 789 | 957 | 1,008 | 1,372 | 1,013 |
| EPS ₹ | 7.85 | 3.66 | 4.93 | 6.15 | 11.12 | -19.53 | 8.40 | 15.45 | 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 | 10.14 |
| Revenue YoY | — | — | — | — | 36.0% | -16.9% | -13.9% | -5.5% | — | -0.9% | 65.2% | 23.4% | 76.0% | 50.1% | 39.3% | 5.1% | 22.7% | 44.7% | 14.4% | 11.6% | 43.1% | 17.6% |
| Profit YoY | — | — | — | — | 72.4% | -523.3% | 41.7% | 39.0% | — | — | 24.4% | -10.6% | 166.4% | 109.5% | 87.6% | 38.5% | 42.0% | 86.5% | 1.3% | 9.4% | 103.4% | 28.4% |
Returns & margins
trailing-twelve-month, per quarter| DEC '21 | MAR '22 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 21.3% | 9.9% | 3.1% | 11.8% | 12.5% | 8.9% | 10.6% | 11.4% | 13.8% | 13.7% | 14.7% | 15.6% | 15.7% | 14.7% | 17.7% | 17.2% |
| ROCE | 10.3% | 10.1% | 3.9% | 9.3% | 10.5% | 10.0% | 11.6% | 12.4% | 14.4% | 15.1% | 16.1% | 15.6% | 16.0% | 15.1% | 17.8% | 17.7% |
| Net margin | 11.7% | 13.0% | 4.7% | 18.2% | 17.0% | 15.0% | 16.0% | 16.6% | 18.5% | 20.1% | 20.5% | 21.3% | 20.6% | 20.6% | 22.7% | 23.1% |
| EBITDA margin | 24.8% | 23.0% | 22.9% | 22.9% | 25.1% | 25.9% | 26.9% | 27.3% | 28.1% | 28.9% | 29.2% | 29.6% | 29.2% | 29.5% | 32.2% | 33.1% |
| Debt / equity | 3.96 | 0.95 | 0.71 | 0.67 | 0.67 | 0.44 | 0.44 | 0.44 | 0.44 | 0.35 | 0.35 | 0.45 | 0.45 | 0.42 | 0.42 | 0.41 |
| Interest coverage | 2.68 | 3.52 | 1.76 | 4.19 | 4.75 | 5.25 | 6.19 | 6.65 | 7.33 | 7.47 | 7.57 | 8.02 | 7.69 | 7.64 | 8.61 | 8.82 |
| Asset turnover | 0.21 | 0.24 | 0.21 | 0.20 | 0.23 | 0.22 | 0.24 | 0.26 | 0.29 | 0.28 | 0.29 | 0.29 | 0.30 | 0.28 | 0.31 | 0.30 |
Balance sheet
equity vs borrowings over time · ₹ crore| MAR '20‡ | MAR '21‡ | MAR '22‡ | SEP '22 | MAR '23 | SEP '23 | MAR '24 | SEP '24 | MAR '25 | SEP '25 | MAR '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Share capital | 396 | 396 | 482 | 482 | 482 | 964 | 994 | 995 | 998 | 998 | 999 | 999 |
| Other equity / reserves | 4,156 | 4,203 | 11,624 | 10,987 | 12,181 | 12,024 | 16,475 | 17,189 | 19,180 | 20,277 | 22,287 | 24,288 |
| Total equity | 4,552 | 4,599 | 12,105 | 11,468 | 12,663 | 12,989 | 17,469 | 18,185 | 20,178 | 21,275 | 23,286 | 25,287 |
| Borrowings | 18,414 | 18,193 | 11,537 | 10,448 | 9,049 | 8,720 | 7,680 | 7,974 | 7,080 | 9,616 | 9,884 | 10,394 |
| Current liabilities | 33,063 | 29,475 | 23,025 | 22,456 | 23,859 | 24,893 | 27,427 | 26,964 | 27,816 | 26,910 | 31,107 | 32,551 |
| Non-current liabilities | 2,558 | 4,708 | 3,292 | 3,341 | 2,574 | 3,078 | 2,264 | 2,171 | 1,780 | 5,319 | 4,401 | 4,800 |
| Total assets | 40,693 | 39,308 | 38,479 | 37,323 | 39,155 | 41,022 | 47,225 | 47,385 | 49,841 | 53,573 | 58,937 | 62,709 |
| Property, plant & equipment | 1,185 | 1,123 | 1,119 | 1,134 | 1,143 | 1,182 | 571 | 608 | 617 | 1,016 | 970 | 1,033 |
| Capital work-in-progress | 6 | 6 | 0 | 0 | — | 0 | 0 | 0 | 0 | 0 | 256 | 647 |
| Investments | 1,553 | 1,579 | 574 | 314 | 246 | 567 | 2,500 | 1,460 | 1,250 | 2,170 | 1,454 | 2,505 |
| Inventories | 29,031 | 28,301 | 27,358 | 28,017 | 30,117 | 31,145 | 33,993 | 35,529 | 36,476 | 36,379 | 40,254 | 40,400 |
| Receivables | 794 | 655 | 645 | 590 | 739 | 683 | 800 | 668 | 776 | 856 | 1,472 | 1,092 |
| Cash & equivalents | 119 | 228 | 477 | 1,028 | 1,311 | 1,131 | 1,827 | 864 | 934 | 1,374 | 2,703 | 1,268 |
Cash flow
annual · ₹ crore · line = free cash flow| FY21‡ | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Cash from operations | 2,524 | 1,998 | 2,750 | 2,512 | 1,566 | 959 |
| Cash from investing | 420 | 1,139 | 1,778 | -2,947 | -90 | -780 |
| Cash from financing | -2,835 | -2,888 | -3,705 | 951 | -2,506 | 1,589 |
| Capex | 2 | 41 | 90 | 170 | 474 | 250 |
| Free cash flow | 2,522 | 1,958 | 2,660 | 2,343 | 1,091 | 709 |
| Dividends paid | — | 0 | 0 | 96 | 224 | 424 |
Where the assets sit
Sep '26 · ₹ croreFixed assets (PPE)₹1,033 cr2%
CWIP₹647 cr1%
Investments₹2,505 cr4%
Inventories₹40,400 cr64%
Receivables₹1,092 cr2%
Cash & equivalents₹1,268 cr2%
Other assets₹15,763 cr25%
Peer comparison
largest in Realty · this company in bold| Company | Market cap ₹cr | Price | P/E | P/B | ROE |
|---|---|---|---|---|---|
| DLF Ltd. | 1,86,365 | 752.90 | 40.8 | 4.09 | 10.0% |
| Lodha Developers Ltd. | 1,17,829 | 1,179.00 | 27.1 | 4.66 | 17.2% |
| Phoenix Mills Ltd. | 77,076 | 2,154.90 | 59.2 | 8.47 | 14.3% |
| Prestige Estates Projects Ltd. | 70,161 | 1,629.00 | 75.2 | 4.21 | 5.6% |
| Oberoi Realty Ltd. | 63,230 | 1,739.00 | 47.6 | 3.31 | 7.0% |
| Godrej Properties Ltd. | 54,473 | 1,809.30 | 40.4 | 2.81 | 7.0% |
| Brigade Enterprises Ltd. | 18,210 | 558.15 | 25.1 | 2.55 | 10.1% |
| Anant Raj Ltd. | 16,032 | 445.45 | 26.8 | 2.65 | 9.9% |
| Sobha Ltd. | 13,640 | 1,275.40 | 71.4 | 2.88 | 4.0% |
| Aditya Birla Real Estate Ltd. | 11,933 | 1,068.40 | 15.7 | 2.61 | 16.6% |
StoxGud checklist: Bullish setup · 9/10
- Price above 50-day average
- Price above 200-day average
- 50-day average above 200-day (uptrend)
- RSI in healthy 40–70 zone
- Positive 1-year return
- Return on equity above 15%
- Debt to equity below 1
- Revenue growing year on year
- Net profit margin above 10%
- P/E below industry median
A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.
Returns & technicals
1 month+6.3%
6 months+21.9%
1 year+0.0%
3Y CAGR+11.0%
5Y CAGR+15.4%
10Y CAGR—
50-day avg₹1,116.33
200-day avg₹1,020.63
RSI (14)65
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FAQs
What is the share price of Lodha Developers Ltd.?
Lodha Developers Ltd. (LODHA) closed at ₹1,179.00 on NSE on 06 Nov 2026.
What is the market cap of Lodha Developers Ltd.?
₹1,17,829 crore at the latest close.
What is the P/E ratio of Lodha Developers Ltd.?
27.1, on trailing-twelve-month earnings from its filings.
How fast is Lodha Developers Ltd. growing?
Lodha Developers Ltd.: revenue has compounded at 20.8% a year over three years; net profit at 91.7% a year. Latest-quarter revenue is up 17.6% year on year, profit up 28.4%.
How profitable is Lodha Developers Ltd.?
On a trailing-twelve-month basis return on equity is 17.2%, return on capital employed 17.7%, operating margin 33.1%, net margin 23.1%.
How much debt does Lodha Developers Ltd. have?
Lodha Developers Ltd. is lightly geared: debt to equity is 0.41 with borrowings of ₹10,394 cr against cash of ₹1,268 cr (balance sheet of 2026-09-30). Operating profit covers interest 8.8 times.
Financials parsed from Lodha Developers Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '21, annual from FY21, balance sheet from Mar '20. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.
Lodha Developers Ltd. · advanced chart