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On 6 Nov 2026, Lodha Developers was priced at ₹1,179.00, or 27.1× trailing earnings, against an industry P/E of 22.1×, and the shares are 12% below their 52-week high. Its ROCE of 18% is the highest among the 7 largest Real Estate (Development) peers, and sales and net profit grew 20% and 92% a year over 3 years. Its dividend yield is 0.4%, and debt is 0.41× equity. It is a large-cap company with a market cap of ₹1.2 lakh crore, ranked 2nd of 112 Real Estate (Development) companies by market cap; the shares fell 3.9% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹1,164.00
Day high
₹1,179.00
Day low
₹1,131.00
Prev. close
₹1,175.80
Volume
10.9 L

Health check

4 good · 1 fair · 1 to check
  • ReturnsAhead

    −3.9% over a year, better than 5 of 7 peers.

  • Price tagPricier

    P/E 27.1 vs industry 22.1.

  • GrowthStrong

    Sales +20.4%, profit +91.7% a year over 3 years.

  • ProfitabilityAverage

    ROCE 18.2% vs peer median 9.8%.

  • Balance sheetSolid

    Debt 0.41× equity, interest covered 7.2×, Piotroski 6 of 9.

  • Red flagsNone found

    No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Real Estate - Development

111 listed peers. Screen the industry

Large cap

₹1.2L Cr, #2 of 112 in its industry by size.

Defensive

Beta 0.77 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹18,850 Cr · profit ₹4,350 Cr
Market cap
₹1.2L Cr
Large cap
P/E
27.1
Industry 22.1
Price to book
4.66
Peers 2.81
Dividend yield
0.36%
ROE
18.6%
Peers 10.3%
ROCE
18.2%
Peers 9.8%
Debt to equity
0.41
Debt ₹10,429 Cr
EPS (TTM)
₹43.45
Face value ₹10
OPM (TTM)
33.1%
Net margin 23.1%
Sales growth
+17.6%
Latest quarter vs a year ago
Profit growth
+28.6%
Latest quarter vs a year ago
Price to sales
6.25
EV/EBITDA 19.9

Strengths and risks

Strengths

  • Return on equity of 18.6%.
  • Quarterly profit up 28.6% on a year ago.
  • Quarterly sales up 17.6% on a year ago.
  • Net margin of 23.1%.
  • Positive operating cash flow in each of the last 4 years.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Lodha Developers

Lodha Developers Limited, through its subsidiaries, engages in the development of real estate properties in India. It is involved in the development of residential, office, and retail properties, as well as leasing of retail and office spaces. The company also develops warehousing, logistics, light industrial facilities, and digital infrastructure parks. In addition, it offers financing, support, e-commerce application, and facility management services.…

Headquarters
Mumbai
Employees
5,783
Sector
Real Estate
ISIN
INE670K01029
Website
lodhagroup.com

Price range

52 weeks

₹650.80₹1,344.95

Today

₹1,131.00₹1,179.00
Avg volume (3M)
15.7 L
1-year return
minus 3.9%
From 52-week high
minus 12.3%

Analyst consensus

18 analysts
Strong buyMean target ₹1,365.61 plus 15.8%

Target range, with today’s price

Low ₹1,000.00High ₹1,615.00

Next results expected around 28 Jan 2027

Consensus from Yahoo Finance. Not a recommendation.

Peers · Real Estate - Development

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
DLFDLF752.90plus 1.03%1,86,36640.8127.66.3%15.3%0.0111.3%minus 3.8%
LODHALodha Developers1,179.00plus 0.27%1,17,81227.125.218.2%33.1%0.4120.4%minus 3.9%
OBEROIRLTYOberoi Realty1,739.00minus 0.13%63,23024.018.816.7%57.5%0.1412.9%minus 2.2%
GODREJPROPGodrej Properties1,809.30minus 0.31%54,50140.4–11.1%−6.5%1.0232.4%minus 20.9%
BRIGADEBrigade Enterprises558.15minus 0.89%18,20525.115.69.8%29.2%0.8318.5%minus 26.2%
ANANTRAJAnant Raj445.45minus 4.41%16,03126.524.110.4%27.8%0.1337.9%minus 27.8%
SOBHASobha1,275.40minus 1.28%13,64271.446.77.4%6.5%0.3316.3%minus 20.2%
HORIZONINDHorizon Industrial Parks43.43minus 2.07%12,52083.531.62.6%78.3%0.4322.0%minus 25.3%
Median of 7 peers–−0.89%18,20540.427.99.8%27.8%0.3318.5%−20.9%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Dec 25Mar 26Jun 26Sep 26
3,4924,6734,7144,9974,467
2,5073,2573,3013,0742,979
9841,4151,4131,9221,488
28.2%30.3%30.0%38.5%33.3%
133111129102122
148185167179185
65.997.511169.282.9
9041,2431,2641,7761,342
25.3%23.0%20.2%22.7%24.5%
6759571,0081,3721,013
6.749.5610.0713.7010.12

Sep 25 not reported by the data source.

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+20.4%
Profit CAGR 3Y
+91.7%
EPS CAGR 3Y
+89.3%
ROE
18.6%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
9,33510,19813,67016,291
–+9.2%+34.1%+19.2%
7,2667,0489,68011,368
2,0693,1503,9904,923
22.2%30.9%29.2%30.2%
8701,773252320
1,328998637704
84.3125158215
−1,074−1,77310847.7
4532,0283,5564,371
−8.2%23.3%22.2%21.5%
4871,5492,7643,428
–+218.3%+78.4%+24.0%
5.0515.9927.6734.25

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
482995998999
12,18116,47519,18022,287
9,0607,6987,0949,896
17,43222,05822,56925,754
39,15547,22549,84158,937
1,143571617970
189213848679
1,4083,9312,3693,511
36,41642,51046,00753,778
39,15547,22549,84158,937

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
2,7502,5121,566959
1,778−2,947−90.4−780
−3,706951−2,5061,589
822516−1,0311,768
−90.4−170−474−250
2,6602,3431,091709
–−96.4−224−424

Shareholding pattern

Source: NSE filings
70.3%
promoters
  • Promoters70.29%
  • Public29.71%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202670.29%29.71%minus 0.02
30 Jun 202670.31%29.69%minus 1.96
31 Mar 202672.27%27.73%plus 0.42
31 Dec 202571.85%28.15%minus 0.02
30 Sep 202571.87%28.13%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you