Lodha Developers share price
NSE: LODHABSE: 543287RealtyMid Cap
Lodha Developers Limited · Formerly Macrotech Developers · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Apr 2021 · Issue price ₹486
Last close ₹1,007.10down ₹3.30 (0.33%)BSE ₹1,010.00
Share price at the NSE close on 28 Oct 2026. Previous close ₹1,010.40.
28 Oct: open ₹1,004.60, high ₹1,018.30, low ₹1,000.00
52-week range of traded prices to 28 Oct 2026
₹650.80Low, 2 Apr 2026₹1,344.95High, 29 Jul 2026
- Next results date: the board meets on 30 Oct 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹1,00,648 Cr118th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 24.40
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 4.32
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.42%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 19.0%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 16.5%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.42
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 6,75,43260.6% delivered
About Lodha Developers
Lodha Developers Limited develops and sells homes, from mid-income flats to luxury residences, mainly to individual buyers in the Mumbai Metropolitan Region (MMR), Pune and Bengaluru.12 It also builds assets that earn rent, such as retail and office space, industrial and warehousing parks and a data centre park at Palava, for financial institutions, companies and wealthy individuals.12
The company runs its business as DevCo, which develops and sells homes; RentCo, which develops and manages rent-earning assets including powered-shell data centres (buildings supplied with power that operators fit out); and LandCo, set up to manage surplus land in the Extended Eastern Suburbs of the MMR.3 It carries out construction through in-house teams rather than outside general contractors, while the workers on its sites are employed by its contractors and their sub-contractors.42 It develops projects both on land it owns and through joint development agreements, under which a landowner provides the land and shares in the sales.4
It was incorporated in 1995.5 Managing Director Abhishek Lodha, a second-generation entrepreneur, has led the company for about 2 decades, and its holding company is Sambhavnath Infrabuild and Farms Private Limited.67
Lodha Developers key points
Results
- In the quarter to Jun 2026, revenue was ₹50 billion, up 43% on a year earlier, and profit after tax was ₹13.7 billion against ₹6.8 billion, a margin of 26.9% against 18.6%. Both were the company's highest for a quarter.8
- Adjusted EBITDA (operating profit before interest, tax and depreciation, with interest in project costs added back) rose 79.1% to ₹21.5 billion, a 43.0% margin; the company said land sales lifted its margins.910
- In the year to Mar 2026, consolidated revenue grew 21% to ₹167 billion and net profit rose 24% to ₹34.3 billion, a 20% margin. The adjusted EBITDA margin was 33.9%.1112
- Pre-sales (the value of homes and land booked by buyers) were a record ₹205 billion in the year to Mar 2026, up 16%, and ₹46.3 billion in the quarter to Jun 2026, up 4%, with almost no new launches.1314
Market position
- The company puts its share of primary home sales in 6 top cities (MMR, NCR, Bengaluru, Pune, Hyderabad and Chennai) at about 3.5%: its pre-sales of the year to Mar 2026 against a calendar year of market sales.15
Sales and collections
- In the year to Mar 2026, new locations brought about 30% of pre-sales and new launches at existing sites 5%; the rest came from projects already on sale.16
- Land sales, including plots sold to data centre operators, brought about ₹1,200 crore of pre-sales in the quarter to Jun 2026 and contributed about ₹600 crore to profit after tax.17
- Operating cash flow was ₹71.2 billion in the year to Mar 2026 and ₹18.9 billion in the quarter to Jun 2026, when collections were ₹42.1 billion, up 46%, and net debt fell ₹4.5 billion to under ₹50 billion.1819
Projects and land
- Unsold projects had a gross development value (GDV, the estimated total sales value) of about ₹2,000 billion in the presentation for the quarter to Jun 2026, excluding surplus land held by LandCo, enough for 5 years of growth, the company says.20
- In the year to Mar 2026 it added 12 projects with a combined GDV of about ₹600 billion.21
- On its earnings call of 27 Jul 2026, the company said it plans 20-plus launches with a GDV of about ₹250 billion in the year to Mar 2027, including its first in the National Capital Region (NCR).22
Pre-sales by city
- Pre-sales by city23MMR pre-sales rose about 11%; Pune has 10 locations and Bengaluru 4.
Item year to Mar 2026 MMR about ₹160 billion Pune ₹23 billion Bengaluru about ₹23 billion
Rental assets and data centres
- Rental income ran at an annualised ₹3.0 billion at the end of June 2026, against ₹2.9 billion in the year to Mar 2026.2425
- Its warehousing and industrial parks had about 5.1 million square feet under development at the end of March 2026, of which about 2.6 million was leased.26
- Its data centre park at Palava has about 660 acres and about 3 GW of power; about 130 acres had been sold by the end of June 2026. Operators there include Amazon Web Services, ST Telemedia and Digital Edge.2728
- On its earnings call of 27 Jul 2026, the company said it expects further land sales in the park over 3 to 4 years to bring about ₹90 billion, funding about 1 gigawatt of powered shells on about 90 acres.2729
What the company expects
- On its earnings call of 27 Jul 2026, the company said it expects profit after tax of about ₹41 billion in the year to Mar 2027, up 20%, and pre-sales of ₹240 billion, 40% to 42% in the first half.3031
- On its earnings call of 27 Jul 2026, the company said it targets about 20% yearly growth in profit after tax, to beyond ₹85 billion by the year to Mar 2031, with net debt (borrowings less cash) below 0.5 times equity.32
- On its earnings call of 27 Jul 2026, the company said it targets rental income of over ₹30 billion by the year to Mar 2032, about ₹20 billion or more of it from data centres.33
Recent events
- On 31 Aug 2026 the company said it had acquired the remaining 20% of Bellissimo Infratech Private Limited, a Pune real estate company, for ₹73.52 crore; it had agreed on 14 Feb 2026 to buy a stake for ₹294.07 crore.343536
- On 19 Jan 2026 the company signed another memorandum of understanding (MoU) with the Maharashtra government, for a further ₹1 lakh crore; its 2 MoUs cover ₹130,000 crore it would invest or help others invest in its data centre park.3729
- On 17 Aug 2025 Rajendra Lodha resigned as whole-time director and promoter at the company's request after a finding of misconduct under its Ethics Policy.38
Last updated
All 38 sources, each with its page
- 1. Annual report, 10 Jul 2026, page 65
- 2. Annual report, 10 Jul 2026, page 97
- 3. Annual report, 10 Jul 2026, page 17
- 4. Annual report, 10 Jul 2026, page 89
- 5. Annual report, 10 Jul 2026, page 4
- 6. Annual report, 10 Jul 2026, page 10
- 7. Annual report, 10 Jul 2026, page 210
- 8. Earnings call, 27 Jul 2026, page 3
- 9. Investor presentation, 24 Jul 2026, page 20
- 10. Investor presentation, 24 Jul 2026, page 19
- 11. Annual report, 10 Jul 2026, page 11
- 12. Annual report, 10 Jul 2026, page 61
- 13. Annual report, 10 Jul 2026, page 65
- 14. Earnings call, 27 Jul 2026, page 4
- 15. Investor presentation, 24 Jul 2026, page 24
- 16. Annual report, 10 Jul 2026, page 90
- 17. Earnings call, 27 Jul 2026, page 10
- 18. Annual report, 10 Jul 2026, page 61
- 19. Earnings call, 27 Jul 2026, page 4
- 20. Investor presentation, 24 Jul 2026, page 16
- 21. Annual report, 10 Jul 2026, page 91
- 22. Earnings call, 27 Jul 2026, page 5
- 23. Annual report, 10 Jul 2026, page 91
- 24. Investor presentation, 24 Jul 2026, page 10
- 25. Investor presentation, 24 Jul 2026, page 5
- 26. Annual report, 10 Jul 2026, page 91
- 27. Earnings call, 27 Jul 2026, page 6
- 28. Investor presentation, 24 Jul 2026, page 28
- 29. Investor presentation, 24 Jul 2026, page 28
- 30. Earnings call, 27 Jul 2026, page 4
- 31. Earnings call, 27 Jul 2026, page 5
- 32. Earnings call, 27 Jul 2026, page 6
- 33. Earnings call, 27 Jul 2026, page 6
- 34. Exchange filing, 31 Aug 2026, page 2
- 35. Exchange filing, 14 Feb 2026, page 2
- 36. Exchange filing, 14 Feb 2026, page 1
- 37. Exchange filing, 20 Jan 2026, page 2
- 38. Annual report, 10 Jul 2026, page 67
Results
Consolidated; ₹ crore.Lodha Developers quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +26.0%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +39.2%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹4,997 Crup 6.01%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹1,373 Crup 36.21%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 27.5%
Revenue by quarter
Peak revenue ₹4,997 Cr, quarter to Jun 2026; lowest ₹2,626 Cr, quarter to Sep 2024
Net profit by quarter, a loss in red
| ₹ crore | 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 | 3,799 | 4,673 | 4,714 | 4,997 |
| Net profit | 423 | 945 | 923 | 675 | 790 | 958 | 1,008 | 1,373 |
| Net margin | 16.1% | 23.1% | 21.8% | 19.3% | 20.8% | 20.5% | 21.4% | 27.5% |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹16,676 Crup 21.02%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹3,431 Crup 24.00%
- Net margin
- 20.6%
Revenue by year
Peak revenue ₹16,676 Cr, year to Mar 2026; lowest ₹5,449 Cr, year to Mar 2021
Net profit by year, a loss in red
| ₹ crore | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Revenue | 5,449 | 9,233 | 9,470 | 10,316 | 13,780 | 16,676 |
| Net profit | 48 | 1,209 | 489 | 1,554 | 2,767 | 3,431 |
| Net margin | 0.9% | 13.1% | 5.2% | 15.1% | 20.1% | 20.6% |
Consolidated. Years to March. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
In the year to Mar 2026 the company reports one business segment, The Company is engaged in the business of real estate, which carries all its revenue.
Valuation
Today, against the company's own history.Lodha Developers PE ratio and valuation
Price to earnings
At or below today's level on 1% of 1,178 trading days since Jan 2022.
LowestHighest
Its median42.11Industry median16.53
Price to book
At or below today's level on 25% of 1,130 trading days over the last 5 years.
LowestHighest
Its median5.59Industry median1.52
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 92% of 1,235 trading days over the last 5 years.
LowestHighest
Its median0.10%Industry median0.52%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −42.8% | +23.7% | −54.2% | 0.6% |
| 3 years | +13.7% | +89.5% | −40.2% | 0.4% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 3 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2023.
Mutual fund holdings
120 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 50 of the 59 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future. 4 more funds filed their first portfolio on record, holding it.All 120 funds holding Lodha Developers
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 21
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 25
- AddedAdded. Funds that held more shares than at the end of the month before.
- 49
- CutCut. Funds that held fewer shares than at the end of the month before.
- 10
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 11
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 48
| Fund | |||
|---|---|---|---|
 Mirae Asset Large Cap FundMirae Asset Mutual Fund | 16,83,287 | 0.54% | ₹191.1 Cr |
 SBI Arbitrage FundSBI Mutual Fund | 7,03,125 | 0.17% | ₹79.8 Cr |
 Motilal Oswal Nifty Realty ETFMotilal Oswal Mutual Fund | 3,39,389 | 15.90% | ₹38.5 Cr |
 HDFC Large & Mid Cap FundHDFC Mutual Fund | 3,00,000 | 0.12% | ₹34.1 Cr |
 JM Flexi Cap FundJM Financial Mutual Fund | 3,00,000 | 0.68% | ₹34.1 Cr |
 Axis Quant FundAxis Mutual Fund | 2,98,000 | 4.40% | ₹33.8 Cr |
| Motilal Oswal Nifty Midcap 150 Index FundMotilal Oswal Mutual Fund | 2,92,495 | 0.83% | ₹33.2 Cr |
 Nippon India ETF Nifty Midcap 150Nippon India Mutual Fund | 2,80,872 | 0.83% | ₹31.9 Cr |
| HDFC Nifty Realty Index FundHDFC Mutual Fund | 2,47,137 | 15.90% | ₹28.1 Cr |
| Nippon India Nifty Midcap 150 Index FundNippon India Mutual Fund | 1,96,740 | 0.83% | ₹22.3 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Promoter and insider buying and selling
Trades made since 28 Oct 2025.Lodha Developers insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Promoters and promoter group: no market trade
- Others: no market trade · 34 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
Lodha Developers competitors and peers
Residential, Commercial Projects, 169 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Lodha Developers in market cap. 2 companies in its own group left out: one owns more than half of the other, directly or through a company it controls, or one owner more than half of both.Real estate companies
Where the company sits among the companies nearest its size
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 DLFDLF | 1,64,930 | 36.11 | 3.62 | −29.3% | +6.6% | 10.3% | 1.8% | 1.20% |
 The Phoenix MillsPHOENIXLTD | 67,934 | 53.07 | 6.18 | +17.7% | +29.0% | 11.9% | 12.0% | 0.13% |
 Prestige Estates ProjectsPRESTIGE | 59,966 | 52.65 | 3.69 | +67.5% | +115.9% | 7.2% | 8.7% | 0.14% |
 Oberoi RealtyOBEROIRLTY | 58,213 | 22.11 | 3.05 | +16.6% | +18.0% | 14.7% | 15.8% | 0.50% |
 Godrej PropertiesGODREJPROP | 47,805 | 35.43 | 2.47 | +50.0% | −12.9% | 7.2% | −1.4% | 0.63% |
 Brigade EnterprisesBRIGADE | 17,564 | 25.28 | 2.58 | +4.8% | −7.6% | 11.2% | 8.5% | 0.37% |
 Anant RajANANTRAJ | 16,693 | 27.94 | 2.76 | +12.3% | +21.2% | 11.4% | 9.6% | 0.22% |
 Horizon Industrial ParksHORIZONIND | 13,873 | – | – | – | – | – | – | 0.00% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Dividends
Per share, by the year it was paid for, and the latest payments.Lodha Developers dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossaryHighest ₹4.25 a share, years to Mar 2025 and Mar 2026.
| Ex-date | Type | Per share |
|---|---|---|
| 7 Aug 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹4.25 |
| 22 Aug 2025 | Final | ₹4.25 |
| 16 Aug 2024 | Final | ₹2.25 |
| 8 Sep 2023 | Final | ₹1.00 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Lodha Developers announcements
Oct 2026
26 Oct · Analysts
Lodha Developers share price by year
Each calendar year to 2025.Lodha Developers share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 1,061.30 | −23.6% | 1,516.00 | 1,055.25 |
| 2024 | 1,389.40 | +35.7% | 1,594.80 | 1,003.95 |
| 2023 | 1,023.55 | +87.7% | 1,023.55 | 359.80 |
| 2022 | 545.43 | −11.6% | 686.15 | 425.65 |
| 2021 | 616.78 | – | 745.20 | 232.63 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2021 is from its first session, 19 Apr 2021.
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 980.00 | 1,010.40 | 976.10 | 1,010.40 | 1,000.76 | 10,41,132 | 55.8% |
| 26 Oct 2026 | 945.50 | 980.00 | 937.10 | 980.00 | 964.87 | 15,63,093 | 51.8% |
| 23 Oct 2026 | 1,003.10 | 1,003.10 | 941.00 | 963.00 | 961.44 | 18,19,622 | 49.8% |
| 22 Oct 2026 | 1,005.00 | 1,015.00 | 992.10 | 1,006.40 | 1,003.32 | 9,17,625 | 51.9% |
| 21 Oct 2026 | 1,040.00 | 1,047.40 | 1,005.60 | 1,015.00 | 1,024.09 | 12,50,637 | 50.4% |
| 19 Oct 2026 | 1,067.00 | 1,067.60 | 1,027.70 | 1,030.00 | 1,041.15 | 8,05,992 | 49.5% |
| 16 Oct 2026 | 1,059.50 | 1,064.20 | 1,045.10 | 1,058.70 | 1,056.65 | 12,71,203 | 59.5% |
| 15 Oct 2026 | 1,056.00 | 1,071.00 | 1,037.50 | 1,061.80 | 1,058.66 | 14,87,449 | 58.1% |
| 14 Oct 2026 | 1,085.00 | 1,095.90 | 1,057.00 | 1,059.60 | 1,072.18 | 11,87,949 | 51.5% |
Prices in ₹ per share as traded, not adjusted.
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus share history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 31 May 2023 | Bonus | 0.5000 | Holders received 1 bonus share for every 1 held. |
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.
Company details
- NSE symbol
- LODHA
- BSE code
- 543287
- ISIN
- INE670K01029
- Industry
- Realty
- Website
- www.lodhagroup.com
- CIN
- L45200MH1995PLC093041
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1995
- Registered office
- 412, 17G, Floor - 4, Vardhaman Chamber, Cawasji Patel Road, Horniman Circle, Fort, Mumbai 400001, Maharashtra
- Share registrar
- MUFG Intime India Pvt. Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
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