LODHARealty

Lodha Developers Limited

Residential, Commercial Projects · ISIN INE670K01029 · BSE 543287 · NSE EQ · FV ₹10
Last price
₹1,103
+1.44%today
What this company does

Lodha Developers Limited operates in Residential, Commercial Projects, part of the Realty sector. It booked ₹4,997 cr of revenue in its latest quarter (Q1 FY27) and kept 27.5% of sales as profit. It is the 2nd largest of 9 Residential, Commercial Projects companies we track, by market value.

The Company is primarily engaged in the business of real project, type of development, project complexities and related estate development.
In the report:
71out of 100
Equitytale Health Score
Solid

Healthier than 71% of listed companies we score, on all six measures of filed financials. Each measure is ranked against the 1,201–2,858 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
37

At close. Not part of the score.

Profitability & returns85

How much profit it earns on the money it employs

Balance sheet51

How much it owes, and whether earnings cover the interest

Cash quality63

Whether reported profit actually arrives as cash

Growth & consistency90

Whether sales and profit have grown, and how steadily

Valuation42

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 27% net margin
Sales up 43% vs last year
Profit up 103% vs last year
Promoters hold 70%
No promoter shares pledged
Strong 24% return on equity
Watch-outs
! Operating cash flow is negative

What if I invest in LODHA?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹1,103 +1.44%
latest close · 2026-09-17
1-year return
+154.6%
52-wk low ₹40752-wk high ₹1,345
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio20.1Average
LowAverageHigh
P/B ratio4.73High
Below bookModerateHigh
EV / EBITDA14.5Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity23.6%Strong
WeakFairStrong ▸15%
Return on capital28.1%Strong
WeakFairStrong
Net margin27.5%Strong
ThinDecentStrong
EBITDA margin40.5%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.42Comfortable
LowModerateHigh ▸1
Interest cover10.9×Strong
RiskyOkayStrong ▸5×
Current ratio1.75Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹1.10 L cr
Book value
₹233
EPS
₹13.73
latest quarter
Net debt
₹7,181 cr
owes more than its cash
Enterprise value
₹1.17 L cr
EBITDA
₹8,090 cr
annualised
EBIT
₹7,813 cr
annualised
Operating margin
39.1%
Return on assets
9.3%
Earnings yield
4.98%
P/S
5.51
Sales / share
₹200.0
Tax rate
22.7%
Face value
₹10
Shares
99.9 cr
Working capital
₹23,314 cr
Current assets
₹54,420 cr
Current liabilities
₹31,107 cr
Delivery %
46.6%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹281₹392, midpoint ₹336

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹4,997 cr
Other Income₹100 cr
Total Income₹5,097 cr
Cost of Materials₹2,543 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹184 cr
Finance Costs₹179 cr
Depreciation & Amortisation₹69 cr
Other Expenses₹347 cr
Total Expenses₹3,323 cr
Profit before Tax₹1,774 cr
Tax Expense₹403 cr
Share of JV / Associates₹2 cr
Net Profit₹1,373 cr
Net margin on total income26.9%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹2,543 cr49.9%
Employee benefit expense₹184 cr3.6%
Finance costs₹179 cr3.5%
Depreciation & amortisation₹69 cr1.4%
Other expenses₹347 cr6.8%
Tax expense₹403 cr7.9%
Profit for the period₹1,373 cr26.9%
Total income ₹5,097 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue4,673 cr4,714 cr4,997 cr
Total income4,775 cr4,841 cr5,097 cr
Expenses3,540 cr3,579 cr3,323 cr
Profit before tax1,236 cr1,262 cr1,774 cr
Tax285 cr256 cr403 cr
Net profit (owners' share)957 cr1,008 cr1,372 cr
Net margin (owners' share, on revenue)20.5%21.4%27.5%
EPS (₹)9.5910.0913.73
YoY (latest quarter): total income +40.6% · net profit +103.4%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹58,937 cr
Shareholder equity
₹23,286 cr
parent shareholders
Total debt
₹9,884 cr
Cash
₹2,703 cr
Cash flow · H1 FY26
Operating
₹-515 cr
Investing
₹-804 cr
Financing
₹1,759 cr
Peer comparison
Residential, Commercial Projects · by market value
CompanyPriceMarket capP/E
DLF Limited₹640₹1.58 L cr49.8
Lodha Developers Limitedthis company₹1,103₹1.10 L cr20.1
The Phoenix Mills Limited₹1,872₹66,957 cr56.4
Oberoi Realty Limited₹1,741₹63,292 cr29.1
Prestige Estates Projects Limited₹1,440₹62,025 cr65.7
Godrej Properties Limited₹1,678₹50,551 cr36.1
Anant Raj Limited₹597₹21,482 cr35.9
Brigade Enterprises Limited₹621₹20,251 cr25.3
Horizon Industrial Parks Limited₹52₹12,779 cr
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.39%
trailing 12 months
Dividend / share (TTM)
₹4.25
Last dividend
₹4.25
ex 7 Aug 2026
ActionDetailEx-date
Dividend₹4.25 / share7 Aug 2026
Dividend₹4.25 / share22 Aug 2025
Dividend₹2.25 / share16 Aug 2024
Dividend₹1 / share8 Sep 2023
Bonus issue1:131 May 2023
Who owns it · 2026-06-30
No pledge
Promoter
70.3%
FII / Foreign
23.6%
DII / Domestic
3.6%
Retail / others
2.5%
Promoter stake down 4.6% over the last 12 quarters.
Smart-money activity
Insider trades
SoldSambhavnath Trust · Promoters1.31 cr · ₹1344.9 cr12 Dec 22
SoldHOMECRAFT DEVELOPERS AND FARMS PRIVATE LIMITED · Promoter Group85.89 L · ₹881.2 cr12 Dec 22
SoldHIGHTOWN CONSTRUCTIONS PRIVATE LIMITED · Promoter Group1.29 cr · ₹1318.9 cr12 Dec 22
Bulk / block deals
short · NSE5,00126 Aug 26
short · NSE13,06925 Aug 26
short · NSE4020 Aug 26
Stake changes
BoughtLodha Philanthropy Foundation · promoter→ 72.11%5 Nov 24
SoldSambhavnath Infrabuild and farms Pvt Ltd · promoter→ 8.87% · 18.00 cr5 Nov 24
BoughtLodha Philanthropy Foundation · promoter→ 18.09% · 18.00 cr5 Nov 24
Promoter pledges
PledgedVistra ITCL (India) Limited Debenture trustee and Security Trustee2.10 cr · 0.00% held25 Jun 21
PledgedVistra ITCL (India) Limited Debenture trustee and Security Trustee10.96 cr · 0.00% held25 Jun 21
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 14 Aug 2026
See the official result
1
To receive, consider and adopt: a) the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board and the Auditors thereon; b) the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Auditors thereon;
Backed by 100% of shareholders other than promotersneeded 50%
23.54 cr votes for, 196 against · 0% of mutual funds and other big investors said no
2
To declare final dividend of ₹ 4.25 per equity share of face value ₹ 10 each, for the financial year ended March 31, 2026.
Backed by 100% of shareholders other than promotersneeded 50%
23.63 cr votes for, 196 against · 0% of mutual funds and other big investors said no
3
To appoint a director in place of Mr. Shaishav Dharia (DIN: 06405078), who retires by rotation and being eligible, offers himself for re-appointment.
Backed by 98% of shareholders other than promotersneeded 50%
23.14 cr votes for, 38.63 L against · 2% of mutual funds and other big investors said no
4
Appointment of M/s. Walker Chandiok & Co LLP, Chartered Accountants as the Statutory Auditors of the Company.
Backed by 99% of shareholders other than promotersneeded 50%
23.39 cr votes for, 23.55 L against · 1% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 6 named members
owning 70.3% between them · as of 2026-06-30
Sambhavnath Trust (through its trustees Abhishek Lodha and Vinti Lodha)23.12%
Lodha Philanthropy Foundation18.02%
Hightown Constructions Private Limited17.62%
Sambhavnath Infrabuild and Farms Private Limited9.27%
Homecraft Developers and Farms Private Limited2.24%
Bellissimo Properties Development Private Limited0.04%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.