Lodha Developers Ltd

NSE: LODHA BSE: 543287Infra

Lodha Developers Ltd is primarily engaged in the business of real estate development. It is among the largest real estate developers in terms of presales and development pipeline in India with a presence in MMR, Pune and entered in Bengaluru market in Nov'23.[1]

₹858

52W: ₹651 — ₹1534

PE 29.3 · Book ₹222 · +286% vs book

Market Cap₹85,684 Cr

Stock P/E29.3Price to Earnings

ROCE14.6%Return on Capital

ROE14%Return on Equity

Div. Yield0.51%Face Value ₹10

Strengths

+Company has delivered good profit growth of 55.2% CAGR over last 5 years
+Company has been maintaining a healthy dividend payout of 17.1%

Weaknesses

−Stock is trading at 3.74 times its book value
−Company has a low return on equity of 12.3% over last 3 years.

Shareholding Pattern

Promoters72.27%

FIIs21.24%

DIIs4.62%

Public1.85%

Category	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Promoters	72.13%	72.11%▼0.0	71.98%▼0.1	71.94%▼0.0	71.9%▼0.0	71.87%▼0.0	71.85%▼0.0	72.27%▲0.4
FIIs	24.18%	24.2%▲0.0	24.45%▲0.3	24.64%▲0.2	24.89%▲0.3	24.11%▼0.8	23.49%▼0.6	21.24%▼2.3
DIIs	2.96%	2.78%▼0.2	2.63%▼0.1	2.36%▼0.3	2.19%▼0.2	2.73%▲0.5	3.17%▲0.4	4.62%▲1.5
Public	0.72%	0.91%▲0.2	0.92%▲0.0	1.04%▲0.1	1%▼0.0	1.28%▲0.3	1.48%▲0.2	1.85%▲0.4

Financial Statements

Metric	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	2,794	3,526	2,811	2,590	4,016	3,890	3,349	2,983	4,307	3,902
Expenses	1,984	2,687	2,075	1,908	2,744	2,843	2,392	2,366	2,979	2,938
Operating Profit	810	839	736	682	1,271	1,047	958	618	1,328	963
OPM %	29%	24%	26%	26%	32%	27%	29%	21%	31%	25%
Net Profit	313	539	452	393	832	742	644	336	1,146	794
EPS ₹	3.25	5.42	4.54	3.95	8.34	7.43	6.46	3.36	11.47	7.95

AI Insights

Revenue Trend

Mar 2026 revenue at ₹14,542Cr, up 9.3% YoY. OPM at 27%.

Debt Position

Borrowings at ₹10,725Cr. Debt-to-equity ratio: 0.51x. Moderate leverage.

Institutional Flow

DIIs: 4.62% (+0.81pp change). FIIs: 21.24% (+1.41pp change). Promoters hold 72.27%.

Margin & Efficiency

ROCE improving from 0% (Mar 2016) to 15% (Mar 2026). Working capital days: 394.

Valuation

PE 29.3x with 14.6% ROCE. Price is 286% above book value of ₹222. Dividend yield: 0.51%.