About
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. The company was formerly known as Macrotech Developers Limited and changed its name to Lodha Developers Limited in June 2025. Lodha Developers Limited was founded in 1980 and is headquartered in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap123,446 Cr
P/E29.90
Div Yield0.35 %
Book Value₹233.00
52w High₹1,345.00
52w Low₹651.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,378.00 | 3,902.00 | 4,307.00 | 2,983.00 | 3,349.00 | 3,890.00 | 4,016.00 | 2,590.00 | 2,811.00 | 3,526.00 | 2,794.00 | 1,731.00 | 1,408.00 |
| Expenses | 2,853.00 | 2,938.00 | 2,979.00 | 2,366.00 | 2,392.00 | 2,843.00 | 2,744.00 | 1,908.00 | 2,075.00 | 2,687.00 | 1,984.00 | 1,334.00 | 1,131.00 |
| Operating Profit | 1,525.00 | 963.00 | 1,328.00 | 618.00 | 958.00 | 1,047.00 | 1,271.00 | 682.00 | 736.00 | 839.00 | 810.00 | 397.00 | 278.00 |
| OPM % | 35.00 | 25.00 | 31.00 | 21.00 | 29.00 | 27.00 | 32.00 | 26.00 | 26.00 | 24.00 | 29.00 | 23.00 | 20.00 |
| Other Income | 116.00 | 268.00 | 399.00 | 64.00 | 146.00 | 155.00 | 87.00 | 91.00 | 95.00 | 130.00 | -192.00 | 23.00 | 93.00 |
| Depreciation | 65.00 | 93.00 | 99.00 | 65.00 | 63.00 | 65.00 | 66.00 | 79.00 | 57.00 | 122.00 | 42.00 | 46.00 | 41.00 |
| Interest | 199.00 | 179.00 | 212.00 | 187.00 | 173.00 | 161.00 | 186.00 | 171.00 | 147.00 | 119.00 | 130.00 | 140.00 | 154.00 |
| Profit before tax | 1,377.00 | 960.00 | 1,416.00 | 429.00 | 868.00 | 977.00 | 1,107.00 | 523.00 | 627.00 | 729.00 | 445.00 | 234.00 | 176.00 |
| Tax % | 24.00 | 17.00 | 19.00 | 22.00 | 26.00 | 24.00 | 25.00 | 25.00 | 28.00 | 26.00 | 30.00 | 25.00 | 23.00 |
| Net Profit | 1,050.00 | 794.00 | 1,146.00 | 336.00 | 644.00 | 742.00 | 832.00 | 393.00 | 452.00 | 539.00 | 313.00 | 176.00 | 135.00 |
| EPS in Rs | 10.50 | 7.95 | 11.47 | 3.36 | 6.46 | 7.43 | 8.34 | 3.95 | 4.54 | 5.42 | 3.25 | 1.83 | 1.40 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 14,542.00 | 13,307.00 | 9,460.00 | 9,225.00 | 8,353.00 | 4,300.00 | 8,115.00 | 9,516.00 | 7,443.00 | 5,865.00 | 6,795.00 |
| Expenses | 10,673.00 | 9,568.00 | 7,134.00 | 7,237.00 | 6,388.00 | 3,310.00 | 6,205.00 | 7,105.00 | 6,071.00 | 4,741.00 | 5,137.00 |
| Operating Profit | 3,869.00 | 3,738.00 | 2,326.00 | 1,988.00 | 1,966.00 | 990.00 | 1,909.00 | 2,411.00 | 1,372.00 | 1,124.00 | 1,658.00 |
| OPM % | 27.00 | 28.00 | 25.00 | 22.00 | 24.00 | 23.00 | 24.00 | 25.00 | 18.00 | 19.00 | 24.00 |
| Other Income | 877.00 | 428.00 | 55.00 | -922.00 | 91.00 | -314.00 | -225.00 | 18.00 | 551.00 | -15.00 | 26.00 |
| Interest | 753.00 | 666.00 | 545.00 | 529.00 | 402.00 | 823.00 | 786.00 | 414.00 | 697.00 | 169.00 | 201.00 |
| Depreciation | 320.00 | 266.00 | 251.00 | 124.00 | 56.00 | 57.00 | 243.00 | 151.00 | 385.00 | 419.00 | 376.00 |
| Profit before tax | 3,673.00 | 3,234.00 | 1,584.00 | 413.00 | 1,599.00 | -204.00 | 655.00 | 1,864.00 | 841.00 | 521.00 | 1,107.00 |
| Tax % | 21.00 | 25.00 | 27.00 | -11.00 | 29.00 | -9.00 | 34.00 | 35.00 | 38.00 | 38.00 | 38.00 |
| Net Profit | 2,920.00 | 2,418.00 | 1,164.00 | 456.00 | 1,134.00 | -186.00 | 433.00 | 1,212.00 | 521.00 | 321.00 | 688.00 |
| EPS in Rs | 29.23 | 24.24 | 11.70 | 4.73 | 11.77 | -2.35 | 5.47 | 15.31 | 6.58 | 7.09 | 15.92 |
| Dividend Payout % | 15.00 | 18.00 | 19.00 | 21.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 999.00 | 998.00 | 994.00 | 482.00 | 482.00 | 396.00 | 396.00 | 396.00 | 396.00 | 113.00 | 108.00 |
| Reserves | 21,212.00 | 18,588.00 | 15,999.00 | 12,090.00 | 11,695.00 | 3,758.00 | 3,941.00 | 3,225.00 | 4,626.00 | 3,729.00 | 2,912.00 |
| Borrowings | 10,725.00 | 8,033.00 | 8,875.00 | 10,590.00 | 10,832.00 | 14,815.00 | 16,897.00 | 16,999.00 | 15,860.00 | 12,553.00 | 11,831.00 |
| Other Liabilities | 24,630.00 | 22,206.00 | 21,756.00 | 17,190.00 | 14,553.00 | 12,998.00 | 13,205.00 | 15,000.00 | 9,283.00 | 12,155.00 | 10,510.00 |
| Total Liabilities | 57,566.00 | 49,824.00 | 47,624.00 | 40,352.00 | 37,562.00 | 31,968.00 | 34,439.00 | 35,620.00 | 30,165.00 | 28,551.00 | 25,361.00 |
| Fixed Assets | 2,144.00 | 890.00 | 1,129.00 | 1,955.00 | 1,712.00 | 1,627.00 | 1,685.00 | 1,791.00 | 1,863.00 | 1,105.00 | 1,212.00 |
| CWIP | 191.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.00 | 6.00 | 6.00 | 6.00 | 100.00 | 289.00 |
| Investments | 2,943.00 | 1,387.00 | 2,385.00 | 380.00 | 612.00 | 1,059.00 | 1,058.00 | 982.00 | 925.00 | 2,587.00 | 1,679.00 |
| Other Assets | 52,289.00 | 47,548.00 | 44,111.00 | 38,017.00 | 35,238.00 | 29,276.00 | 31,690.00 | 32,841.00 | 27,371.00 | 24,758.00 | 22,181.00 |
| Total Assets | 57,566.00 | 49,824.00 | 47,624.00 | 40,352.00 | 37,562.00 | 31,968.00 | 34,439.00 | 35,620.00 | 30,165.00 | 28,551.00 | 25,361.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 1,486.00 | 1,610.00 | 1,780.00 | 1,633.00 | 1,961.00 | 3,456.00 | 2,000.00 |
| Cash from Investing Activity | -1,532.00 | -55.00 | -1,931.00 | 1,684.00 | -1,624.00 | 496.00 | -147.00 |
| Cash from Financing Activity | 1,436.00 | -2,532.00 | 667.00 | -2,377.00 | -202.00 | -3,873.00 | -1,985.00 |
| Net Cash Flow | 1,389.00 | -977.00 | 516.00 | 941.00 | 134.00 | 79.00 | -131.00 |
| Free Cash Flow | 1,295.00 | 1,414.00 | 1,628.00 | 1,559.00 | 1,916.00 | 3,460.00 | 1,986.00 |
| CFO/OP % | 58.00 | 59.00 | 77.00 | 92.00 | 107.00 | 338.00 | 108.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 22.00 | 20.00 | 29.00 | 29.00 | 22.00 | 49.00 | 33.00 | 16.00 | 35.00 | 20.00 | 25.00 |
| Cash Conversion Cycle | 22.00 | 20.00 | 29.00 | 29.00 | 22.00 | 49.00 | 33.00 | 16.00 | 35.00 | 20.00 | 25.00 |
| Working Capital Days | 384.00 | 439.00 | 414.00 | 349.00 | 337.00 | -5.00 | -43.00 | -67.00 | 33.00 | -120.00 | 714.00 |
| ROCE % | 15.00 | 14.00 | 9.00 | 9.00 | 10.00 | 5.00 | 9.00 | 11.00 | 8.00 | 4.00 | — |
Corporate Actions
8 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 07 Aug 2026 | 07 Aug 2026 | — | 4.25 | |
| Dividend | 22 Aug 2025 | 22 Aug 2025 | — | 4.25 | |
| Dividend | 16 Aug 2024 | 16 Aug 2024 | — | 2.25 | |
| Dividend | 08 Sep 2023 | 08 Sep 2023 | — | 1.00 | |
| Other | 08 Sep 2023 | — | — | — | Annual General Meeting |
| Bonus | 31 May 2023 | 31 May 2023 | 1:1 | — | |
| Other | 02 Aug 2022 | — | — | — | Annual General Meeting |
| Other | 24 Aug 2021 | — | — | — | Annual General Meeting |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update12 Dec 2025 from crisil
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Rating update17 Oct 2025 from crisil
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Rating update17 Oct 2025 from icra
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Rating update15 Oct 2025 from fitch
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Rating update23 Sep 2025 from icra
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Rating update22 Sep 2025 from crisil