Lodha Developers Ltd

Lodha Developers Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Lodha Developers Ltd

₹ 1,197 0.27%
03 Sep 9:35 a.m.
lodhagroup.com BSE: 543287 NSE: LODHA
About

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]

Key Points

About[1]
Established in the 1980s, MDL is among India’s largest real estate developers with over 85 million square feet (msf) of developed properties, mostly within the Mumbai Metropolitan Region (MMR). As of FY24, MDL has about 40 operating projects across luxury, premium, mid-income, and affordable segments. Roughly 60% of revenue comes from affordable and mid-income segments.

Website BSE NSE
  • Market Cap ₹ 1,19,501 Cr.
  • Current Price ₹ 1,197
  • High / Low ₹ 1,534 / 1,035
  • Stock P/E 51.2
  • Book Value ₹ 192
  • Dividend Yield 0.36 %
  • ROCE 14.8 %
  • ROE 13.4 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 25.0% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 19.3%
  • Debtor days have improved from 26.1 to 20.0 days.

Cons

  • Stock is trading at 6.24 times its book value
  • Company has a low return on equity of 10.0% over last 3 years.
  • Promoter holding has decreased over last 3 years: -10.3%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Consumer Discretionary Realty Realty Residential, Commercial Projects

Part of BSE 500 BSE 200 Nifty Next 50 Nifty 500 Nifty 100

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
2,709 1,734 1,677 3,105 1,408 1,731 2,794 3,526 2,811 2,560 3,485 3,890 3,349
2,192 1,312 1,321 2,415 1,131 1,334 1,984 2,687 2,075 1,894 2,567 2,843 2,392
Operating Profit 517 422 357 690 278 397 810 839 736 666 919 1,047 958
OPM % 19% 24% 21% 22% 20% 23% 29% 24% 26% 26% 26% 27% 29%
14 -1,170 166 68 93 23 -192 130 95 92 87 155 146
Interest 123 133 135 136 154 140 130 119 147 156 170 161 173
Depreciation 21 32 34 38 41 46 42 122 57 88 72 65 63
Profit before tax 387 -913 354 584 176 234 445 729 627 514 764 977 868
Tax % 26% 3% -8% -24% 23% 25% 30% 26% 28% 25% 26% 24% 26%
286 -939 383 726 135 176 313 539 452 385 565 742 644
EPS in Rs 2.97 -9.75 3.98 7.53 1.40 1.83 3.25 5.42 4.54 3.87 5.66 7.43 6.46
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
6,795 5,865 7,443 9,516 8,115 4,300 8,353 9,225 9,460 13,307 13,285
5,137 4,741 6,071 7,105 6,205 3,310 6,388 7,237 7,134 9,570 9,695
Operating Profit 1,658 1,124 1,372 2,411 1,909 990 1,966 1,988 2,326 3,736 3,590
OPM % 24% 19% 18% 25% 24% 23% 24% 22% 25% 28% 27%
26 -15 551 18 -225 -314 91 -922 55 428 479
Interest 201 169 697 414 786 823 402 529 545 664 660
Depreciation 376 419 385 151 243 57 56 124 251 266 287
Profit before tax 1,107 521 841 1,864 655 -204 1,599 413 1,584 3,234 3,122
Tax % 38% 38% 38% 35% 34% -9% 29% -11% 27% 25%
688 321 521 1,212 433 -186 1,134 456 1,164 2,418 2,336
EPS in Rs 15.92 7.09 6.58 15.31 5.47 -2.35 11.77 4.73 11.70 24.24 23.42
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 21% 19% 18%
Compounded Sales Growth
10 Years: %
5 Years: 10%
3 Years: 17%
TTM: 22%
Compounded Profit Growth
10 Years: %
5 Years: 25%
3 Years: 29%
TTM: 40%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 30%
1 Year: -3%
Return on Equity
10 Years: %
5 Years: 10%
3 Years: 10%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 108 113 396 396 396 396 482 482 994 998
Reserves 2,912 3,729 4,626 3,225 3,941 3,758 11,695 12,090 15,999 18,106
11,831 12,553 15,860 16,999 16,897 14,815 10,832 10,590 8,875 7,747
10,510 12,155 9,283 15,000 13,205 12,998 14,553 17,190 21,756 21,895
Total Liabilities 25,361 28,551 30,165 35,620 34,439 31,968 37,562 40,352 47,624 48,746
1,212 1,105 1,863 1,791 1,685 1,627 1,712 1,955 1,129 941
CWIP 289 100 6 6 6 6 0 0 0 0
Investments 1,679 2,587 925 982 1,058 1,059 612 380 2,385 1,387
22,181 24,758 27,371 32,841 31,690 29,276 35,238 38,017 44,111 46,418
Total Assets 25,361 28,551 30,165 35,620 34,439 31,968 37,562 40,352 47,624 48,746

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
2,000 3,456 1,961 1,633 1,780 1,183
-147 496 -1,624 1,684 -1,931 -218
-1,985 -3,873 -202 -2,377 667 -1,941
Net Cash Flow -131 79 134 941 516 -976

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 25 20 35 16 33 49 22 29 29 20
Inventory Days 1,503
Days Payable 153
Cash Conversion Cycle 25 20 35 16 33 49 22 29 29 1,369
Working Capital Days 714 -120 33 -67 -43 -5 337 349 414 413
ROCE % 4% 8% 11% 9% 5% 10% 9% 9% 15%

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
82.20% 75.00% 74.99% 74.96% 74.93% 74.92% 72.16% 72.13% 72.11% 71.98% 71.94% 71.90%
13.93% 19.42% 18.98% 19.83% 20.52% 21.09% 23.79% 24.18% 24.20% 24.45% 24.64% 24.89%
2.54% 3.48% 3.68% 3.81% 3.50% 3.21% 3.32% 2.96% 2.78% 2.63% 2.36% 2.19%
1.34% 2.10% 2.33% 1.40% 1.05% 0.78% 0.73% 0.72% 0.91% 0.92% 1.04% 1.00%
No. of Shareholders 53,34351,05853,43155,20252,59052,80560,81267,69992,93394,6231,04,51299,267

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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