Lodha Developers Limited
NSE: LODHA · Residential, Commercial Projects · sector
₹980.00NSE close 2026-10-26
Key numbers
Market cap₹97,912 cr
Price₹980.00
52w high / low₹1,345 / ₹651
P/E23.7xSector median 18.7x
P/B4.2xSector median 1.4x
Book value₹233.1
Dividend yield0.43%Sector median 0.54%
ROE19.0%Sector median 5.5%
ROCE17.9%Sector median 6.5%
OPM32.2%Sector median 12.1%
Debt / equity0.42xSector median 0.36x
EV/EBITDA17.7xSector median 17.7x
Interest cover8.6x
Current ratio1.75x
Sales growth 3y+20.8%Sector median +16.6%
Profit growth 3y+91.7%Sector median +28.0%
PEG0.47x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 141 companies in Residential, Commercial Projects (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹4,116 cr vs borrowings ₹9,884 cr (FY26): borrowings are higher by ₹5,768 cr.
- Operating profit covered interest 8.6x in the last 12 months.
- No promoter shares are pledged.
- Promoter holding fell by 1.58 percentage points in a year, to 70.29% (2026-09-30).
- Operating cash flow was below net profit in 2 of the last 5 years (FY26, FY25).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 10% of net profit in the last 12 months.
- Dividend paid in 3 of the last 5 financial years.
- Price ₹980.00 on 2026-10-26: -27.1% from the 52-week high, +50.6% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹1,476.25 · low ₹685.35
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,626 | 4,083 | 4,224 | 3,492 | 3,798 | 4,672 | 4,714 | 4,997 |
| EBITDA | 705 | 1,306 | 1,221 | 984 | 1,109 | 1,415 | 1,413 | 1,922 |
| OPM % | 26.8% | 32.0% | 28.9% | 28.2% | 29.2% | 30.3% | 30.0% | 38.5% |
| Other income | 59 | 64 | 196 | 133 | 80 | 103 | 127 | 100 |
| Net profit | 423 | 944 | 922 | 675 | 789 | 957 | 1,008 | 1,372 |
| EPS (₹) | 4.25 | 9.48 | 9.26 | 6.76 | 7.90 | 9.59 | 10.09 | 13.73 |
| Revenue YoY | +44.7% | +14.4% | +11.6% | +43.1% | ||||
| Profit YoY | +86.5% | +1.3% | +9.4% | +103.4% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 9,233 | 9,470 | 10,316 | 13,780 | 16,676 | 18,181 |
| EBITDA | 2,125 | 889 | 2,571 | 3,988 | 4,921 | 5,859 |
| Net profit | 1,202 | 487 | 1,549 | 2,764 | 3,428 | 4,126 |
| EPS (₹) | 26.28 | 10.10 | 16.03 | 27.76 | 34.34 | 41.31 |
| Revenue growth | +2.6% | +8.9% | +33.6% | +21.0% | +26.0% | |
| Profit growth | -59.5% | +218.3% | +78.4% | +24.0% | +39.2% | |
| Dividend / share (₹) | – | – | 1.00 | 2.25 | 4.25 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +20.8% | +25.1% | +26.0% |
| Net profit | +91.7% | +143.4% | +39.2% |
| EPS | +50.4% | +102.4% | – |
| Share price | – | -5.5% (2y) | -14.3% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 12,663 | 17,469 | 20,178 | 23,286 |
| Borrowings | – | 9,049 | 7,680 | 7,080 | 9,884 |
| Cash & equivalents | – | 1,859 | 4,642 | 2,498 | 4,116 |
| Total assets | – | 39,155 | 47,225 | 49,841 | 58,937 |
| Fixed assets | – | 1,143 | 571 | 617 | 970 |
| Capital work in progress | – | – | 0 | 0 | 256 |
| Investments | – | 189 | 213 | 355 | 669 |
| Receivables | – | 739 | 800 | 776 | 1,472 |
| Inventory | – | 30,117 | 33,993 | 36,476 | 40,254 |
| Payables | – | 1,966 | 2,531 | 2,936 | 3,403 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 1,998 | 2,750 | 2,512 | 1,566 | 959 |
| Cash from investing | 1,139 | 1,778 | -2,947 | -90 | -780 |
| Cash from financing | -2,888 | -3,705 | 951 | -2,506 | 1,589 |
| Capex | 41 | 90 | 170 | 474 | 250 |
| Free cash flow | 1,958 | 2,660 | 2,343 | 1,091 | 709 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 3.8% | 8.9% | 13.7% | 14.7% |
| ROCE % | – | 4.3% | 10.0% | 15.1% | 15.1% |
| Debtor days | – | 28 | 28 | 21 | 32 |
| Inventory days | – | 1,813 | 2,000 | 1,614 | 1,500 |
| Payable days | – | 118 | 149 | 130 | 127 |
| Cash conversion cycle (days) | – | 1,723 | 1,879 | 1,505 | 1,405 |
| Working capital days | – | 458 | 606 | 507 | 510 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 70.29% |
| FIIs | 25.33% |
| DIIs | 2.55% |
| of which Mutual funds | 0.73% |
| of which Insurance | 1.60% |
| Government | 0.00% |
| Public (non-institutions) | 1.83% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 71.98% | 71.94% | 71.90% | 71.87% | 71.85% | 72.27% | 70.31% | 70.29% |
| Promoter group | % |
|---|---|
| Sambhavnath Trust (through its trustees Abhishek Lodha and Vinti Lodha) | 23.07% |
| Lodha Philanthropy Foundation | 18.01% |
| Hightown Constructions Private Limited | 17.62% |
| Sambhavnath Infrabuild and Farms Private Limited | 9.27% |
| Homecraft Developers and Farms Private Limited | 2.24% |
| Ayraah Abhishek Lodha | 0.04% |
| Bellissimo Properties Development Private Limited | 0.04% |
| Public holders above 1% | % |
|---|---|
| New World Fund Inc | 4.36% |
| Fidelity Advisor International Capital Appriciation Fund. | 1.58% |
| Nordea 1 Sicav - Global Climate And Environment Fund | 1.48% |
1,39,578 shareholders. Pledged: 0.00% of promoter shares.
Peers in Residential, Commercial Projects
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| DLF | ₹1,63,939 cr | 35.9x | 3.6x | 10.3% | 6.3% | 14.8% | +12.9% | 0.90% |
| LODHA | ₹97,912 cr | 23.7x | 4.2x | 19.0% | 17.9% | 32.2% | +20.8% | 0.43% |
| PHOENIXLTD | ₹67,737 cr | 52.9x | 6.2x | 11.9% | 15.4% | 59.1% | +18.8% | 0.13% |
| PRESTIGE | ₹60,152 cr | 52.8x | 3.7x | 7.2% | 10.5% | 28.1% | +15.1% | 0.12% |
| OBEROIRLTY | ₹57,522 cr | 21.9x | 3.0x | 14.7% | 16.9% | 57.1% | +12.8% | 0.51% |
| GODREJPROP | ₹45,942 cr | 28.7x | 2.4x | 8.8% | 6.9% | -7.7% | +31.6% | – |
| BRIGADE | ₹17,781 cr | 25.6x | 2.6x | 11.2% | 10.9% | 27.0% | +18.3% | 0.35% |
| ANANTRAJ | ₹16,514 cr | 27.8x | 2.9x | 11.6% | 11.1% | 27.0% | +37.9% | 0.15% |
| SOBHA | ₹12,247 cr | 64.1x | 2.6x | 4.1% | 6.5% | 6.5% | +16.2% | 0.26% |
| ABREL | ₹12,035 cr | – | 3.2x | -3.1% | -4.4% | -88.7% | -56.1% | 0.18% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-07 | Dividend | Dividend - Rs 4.25 Per Share |
| 2025-08-22 | Dividend | Dividend - Rs 4.25 Per Share |
| 2024-08-16 | Dividend | Dividend - Rs 2.25 Per Share |
| 2023-09-08 | Dividend | Dividend - Re 1 Per Share |
| 2023-09-08 | Other | Annual General Meeting |
| 2023-05-31 | Bonus | Bonus 1:1 |
| 2022-08-02 | Other | Annual General Meeting |
| 2021-08-24 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Construction: Development of residential projects, commercial projects and digital infrastructure parks
| Sector | Consumer Discretionary |
| Industry | Residential, Commercial Projects |
| Sub-industry | Residential, Commercial Projects |
| Symbol | LODHA |
| BSE code | 543287 |
| ISIN | INE670K01029 |
| Face value | ₹10.0 |
| Incorporated | 1995-09-25 |
| Website | www.lodhagroup.com |
| Plants (India / abroad) | 43 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.