Lodha Developers Ltd

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

Lodha Developers Ltd

₹ 1,214 0.93%
11 Aug 9:44 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 ₹ 1,21,212 Cr.
  • Current Price ₹ 1,214
  • High / Low ₹ 1,534 / 1,035
  • Stock P/E 40.9
  • Book Value ₹ 202
  • Dividend Yield 0.35 %
  • ROCE 15.6 %
  • ROE 14.7 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 30.9% CAGR over last 5 years
  • Debtor days have improved from 25.8 to 20.6 days.

Cons

  • Stock is trading at 5.95 times its book value
  • The company has delivered a poor sales growth of 2.06% over past five years.
  • Company has a low return on equity of 11.4% 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

Consolidated Figures in Rs. Crores / View Standalone

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
2,676 1,765 1,774 3,255 1,617 1,750 2,931 4,018 2,846 2,626 4,083 4,224 3,492
2,210 1,343 1,370 2,487 1,289 1,338 2,055 2,972 2,090 1,922 2,777 3,004 2,508
Operating Profit 466 422 404 769 328 412 876 1,046 756 704 1,306 1,220 984
OPM % 17% 24% 23% 24% 20% 24% 30% 26% 27% 27% 32% 29% 28%
0 -1,182 129 16 54 6 -77 65 72 59 64 196 133
Interest 119 125 118 117 124 123 117 116 117 136 144 152 148
Depreciation 20 22 22 30 24 29 33 117 60 66 67 78 66
Profit before tax 327 -906 393 638 235 265 649 878 651 560 1,158 1,186 904
Tax % 17% 3% -3% -17% 24% 24% 22% 24% 27% 24% 18% 22% 25%
271 -933 405 746 179 203 505 667 476 423 945 923 675
EPS in Rs 2.81 -9.69 4.20 7.73 1.85 2.09 5.22 6.69 4.78 4.25 9.47 9.24 6.76
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
4,711 6,236 8,249 7,926 9,677 11,907 12,443 5,449 9,233 9,470 10,316 13,780 14,425
3,797 4,769 6,123 6,313 7,995 8,728 10,526 4,066 7,047 7,406 7,651 9,793 10,211
Operating Profit 913 1,467 2,126 1,614 1,682 3,179 1,917 1,383 2,186 2,064 2,665 3,987 4,214
OPM % 19% 24% 26% 20% 17% 27% 15% 25% 24% 22% 26% 29% 29%
14 423 510 584 285 72 119 -140 293 -1,037 48 390 452
Interest 154 492 988 736 390 568 740 1,136 688 482 482 550 580
Depreciation 47 128 450 460 395 194 292 73 75 93 204 272 277
Profit before tax 725 1,269 1,198 1,001 1,182 2,489 1,003 33 1,716 452 2,028 3,556 3,808
Tax % 40% 37% 41% 42% 33% 34% 26% -44% 30% -8% 23% 22%
432 798 703 584 794 1,644 742 48 1,208 490 1,554 2,767 2,966
EPS in Rs 10.06 18.46 16.25 12.91 10.03 20.66 9.19 0.51 12.49 5.05 15.58 27.71 29.72
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 20% 14% 15%
Compounded Sales Growth
10 Years: 8%
5 Years: 2%
3 Years: 14%
TTM: 25%
Compounded Profit Growth
10 Years: 13%
5 Years: 31%
3 Years: 32%
TTM: 54%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 30%
1 Year: -3%
Return on Equity
10 Years: 14%
5 Years: 11%
3 Years: 11%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 108 108 113 396 396 396 396 482 482 994 998
Reserves 3,186 3,865 3,920 4,756 3,445 4,156 4,203 11,624 12,181 16,475 19,180
11,852 13,835 16,183 22,616 25,641 18,423 18,193 11,537 9,060 7,698 7,094
12,752 13,173 13,715 12,483 20,382 17,717 16,516 14,763 17,399 22,031 22,569
Total Liabilities 27,898 30,981 33,931 40,251 49,864 40,693 39,308 38,404 39,122 47,198 49,841
2,290 1,899 1,753 2,197 2,139 2,021 1,946 1,923 1,828 1,169 1,371
CWIP 4 176 109 6 6 6 6 0 0 4 0
Investments 595 611 1,180 1,384 1,405 1,553 1,579 574 246 2,500 1,250
25,008 28,295 30,888 36,664 46,314 37,112 35,776 35,908 37,048 43,524 47,219
Total Assets 27,898 30,981 33,931 40,251 49,864 40,693 39,308 38,404 39,122 47,198 49,841

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
387 1,469 696 -463 3,772 2,524 1,998 2,750 2,512 1,566
-854 -1,174 -651 -175 182 420 1,139 1,789 -2,947 -90
330 -312 24 736 -4,188 -2,835 -2,888 -3,706 951 -2,506
Net Cash Flow -137 -16 69 97 -234 109 250 834 516 -1,030

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 63 30 28 29 15 23 44 26 28 28 21
Inventory Days 1,614
Days Payable 130
Cash Conversion Cycle 63 30 28 29 15 23 44 26 28 28 1,504
Working Capital Days 655 590 -166 -262 -0 -31 114 360 387 442 461
ROCE % 13% 9% 7% 11% 6% 7% 10% 9% 11% 16%

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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