āagman

Not investment advice. Data and computed figures, for information only.

Lodha Developers Ltd

NSE: LODHAF&O
₹1,061.80
+₹2.20 (+0.21%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹1,06,418 Cr
CMP
₹1,061.80
52-wk High / Low
₹1,345 / 651
P/E
25.8
P/B
4.6
Book Value
₹233.0
Div Yield
0.40%
ROCE
16.0%
ROE
15.5%
Face Value
₹10
D/E
0.42

Price−8.1% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
5
/ 9
5 of 9 F-score tests passed
Graham Number
₹424
√(22.5 × EPS × book value per share)
ROIC
10.8%
vs 4.1% sector median
Cash flow to profit
0.28
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+1,028
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
13.9%
ROE × earnings retention ratio
ROE stability
3.9
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −1.96FII +2.41DII −1.06
Latest quarter vs the previous one
Cash-accrual divergence
4.6%
of assets
Low = accruals track cash flow
Strengths
+ROCE has stayed above the sector median for 5 consecutive years (weakest: 9% vs the 2023 sector median of 6%)
+Borrowings are down 28.5% since FY2016 (13835 to 9896)
+Price trades above its 200-day moving average (1.0x)
+FII holding rose by 4.7pp over the last year
+PE of 25.8x is below the sector median of 36.4x
Watch-outs
−Promoter holding fell by 4.7pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,6171,7502,9314,0182,8462,6264,0834,2243,4923,7984,6724,7144,997
Expenses1,2891,3382,0552,9722,0901,9222,7773,0042,5082,6903,2573,3013,074
Operating Profit3284128761,0467567041,3061,2209841,1081,4151,4131,922
OPM %20.3%23.5%29.9%26.0%26.6%26.8%32.0%28.9%28.2%29.2%30.3%30.0%38.5%
Other Income546−776572596419613380110129102
Interest124123117116117136144152148156185167179
Depreciation2429331176066677866719811169
Profit before tax2352656498786515601,1581,1869049611,2431,2641,776
Net Profit1792035056674764239459236757909581,0081,373
EPS (₹)1.852.095.226.694.784.259.479.246.767.909.5810.0913.73

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales6,2368,2497,9269,67711,90712,4435,4499,2339,47010,31613,78016,67618,181
Expenses4,7696,1236,3137,9958,72810,5264,0667,0477,4067,6519,79111,75312,323
Operating Profit1,4672,1261,6141,6823,1791,9171,3832,1862,0642,6653,9894,9235,858
OPM %23.5%25.8%20.4%17.4%26.7%15.4%25.4%23.7%21.8%25.8%28.9%29.5%32.2%
Other Income42351058428572119−140293−1,03748390452422
Interest4929887363905687401,136688482482552659688
Depreciation128450460395194292737593204272345349
Profit before tax1,2691,1981,0011,1822,4891,003331,7164522,0283,5564,3715,244
Net Profit7987035847941,644742481,2084901,5542,7673,4314,129
EPS (₹)18.4616.2512.9110.0320.669.190.5112.495.0515.5827.7134.3241.30

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital108108113396396396396482482994998999—
Reserves3,1863,8653,9204,7563,4454,1564,20311,62412,18116,47519,18022,287—
Borrowings11,85213,83516,18322,61625,64118,42318,19311,5379,0607,6987,0949,896—
Other Liabilities12,75213,17313,71512,48320,38217,71716,51614,76317,39922,03122,32525,497—
Total Liabilities27,89830,98133,93140,25149,86440,69339,30838,40439,12247,19849,59758,680—
Fixed Assets2,2901,8991,7532,1972,1392,0211,9461,9231,8281,1691,3682,641—
CWIP41761096666004410—
Investments5956111,1801,3841,4051,5531,5795742462,5001,2501,454—
Other Assets25,00828,29530,88836,66446,31437,11235,77635,90837,04843,52446,97654,575—
Total Assets27,89830,98133,93140,25149,86440,69339,30838,40439,12247,19849,59758,680—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity—3871,469696−4633,7722,5241,9982,7502,5121,566959
Cash from Investing Activity—−854−1,174−651−1751824201,1391,789−2,94747−780
Cash from Financing Activity—330−31224736−4,188−2,835−2,888−3,706951−2,5061,589
Net Cash Flow—−137−166997−234109250834516−8931,769

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—13.09.07.011.06.07.010.09.011.015.016.0
ROE %———————————15.5
EPS (₹)18.4616.2512.9110.0320.669.190.5112.495.0515.5827.7134.32
Book Value (₹)———————————233.0
Face Value (₹)———————————10
P/E———————————25.8
Div Yield %———————————0.40
NPM %12.08.06.98.013.75.90.912.75.815.019.520.0
OPM %24.026.020.017.027.015.025.024.022.026.029.030.0
D/E3.603.484.014.396.684.053.960.950.720.440.350.42
P/B———————————4.6

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+7.0%
5 years+25.0%
3 years+21.0%
TTM+26.0%
Compounded profit growth
10 years+17.0%
5 years+58.0%
3 years+56.0%
TTM+39.0%
Stock price CAGR
5 years+12.0%
3 years+10.0%
Last year−8.0%
Return on equity
10 years14.0%
5 years13.0%
3 years14.0%
Last year15.0%

Shareholding pattern

As of 31 Mar 2025
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
Promoters88.50%88.50%82.22%74.99%72.16%71.94%72.27%70.31%
FIIs7.80%7.80%14.91%18.98%23.79%24.64%21.24%23.65%
DIIs1.00%1.00%1.45%3.68%3.32%2.36%4.62%3.56%
Government————————
Public2.70%2.70%1.43%2.33%0.73%1.04%1.85%2.46%
No. of shareholders87,47987,47950,65253,43160,8121,04,5121,47,4621,58,746
Change since Jun 2023 (pp)
Promoters −18.19FIIs +15.85DIIs +2.56Public −0.24

Documents

As of 11 Oct 2026
Announcements
Shareholder Meeting / Postal Ballot-Scrutinizer"s ReportShareholder Meeting / Postal Ballot-Scrutinizer"s ReportShareholder Meeting / Postal Ballot-Outcome of Court Convened MeetingShareholder Meeting / Postal Ballot-Outcome of Court Convened MeetingAnnouncement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Jul 2026TranscriptJul 2026PPTJul 2026RecordingApr 2026TranscriptApr 2026PPTApr 2026RecordingFeb 2026TranscriptFeb 2026PPTFeb 2026RecordingNov 2025TranscriptNov 2025PPTNov 2025RecordingAug 2025TranscriptAug 2025PPTAug 2025Recording

Corporate actions

As of 7 Aug 2026
7 Aug 2026DIVIDENDDividend - Rs 4.25 Per Share—
22 Aug 2025DIVIDENDDividend - Rs 4.25 Per Share—
16 Aug 2024DIVIDENDDividend - Rs 2.25 Per Share—
8 Sep 2023DIVIDENDDividend - Re 1 Per Share—
31 May 2023BONUSBonus 1:1—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman