Lodha Developers Limited

BSE: LODHA543287ISIN INE670K01029

Consumer Discretionary
Residential, Commercial Projects
BSE 200

Share price

₹1,120.00+65.00 (+6.16%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹1,344.00
52W low: ₹650.85
Off 52W high: -16.67%
1M return: -0.50%
3M return: -10.11%
6M return: +18.08%
1Y return: -8.38%
20D avg volume: 36,445
50 DMA: ₹1,119.74
200 DMA: ₹1,019.56

Key ratios Consolidated

Market cap: ₹1,11,937 Cr
Current price: ₹1,120.00
52W high / low: ₹1,344.00 / ₹650.85
Face value: ₹10.00
P/E: 25.72
P/B: 4.43
EPS (TTM): ₹43.55
Book value / share: ₹253.02
ROE: —
ROCE: 18.00%
Operating margin: —
Net margin: —
Debt / equity: 0.42
Net debt: ₹7,181 Cr
Interest cover: 7.64
Dividend yield: 0.38%
Dividend / share (TTM): ₹4.25
Payout: 9.76%
Cash conversion cycle: 838.8 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	4,467	4,997	4,714	4,672	3,798	3,492	4,224	4,083	2,626	2,846	4,018	2,931
	117.50	100.00	127.00	102.90	80.40	133.00	196.00	63.60	58.90	71.80	65.40	28.10
	4,585	5,097	4,840	4,775	3,879	3,625	4,420	4,147	2,685	2,918	4,084	2,959
	3,247	3,323	3,579	3,540	2,918	2,721	3,233	2,988	2,124	2,267	3,205	2,198
	2,523	2,542	2,760	2,742	2,199	2,095	2,567	2,400	1,572	1,711	2,522	1,678
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	193.50	184.40	163.80	171.90	171.00	152.00	131.60	131.40	140.30	140.00	119.60	117.10
	185.30	179.10	167.40	185.00	156.50	147.80	151.70	144.10	136.50	117.20	115.80	116.80
	82.90	69.20	110.60	97.50	71.40	65.90	77.80	67.20	66.50	60.40	117.30	33.30
	262.50	347.40	377.30	343.00	319.60	260.30	304.80	246.20	208.80	238.80	329.90	253.30
	1,338	1,774	1,262	1,236	961.30	903.70	1,187	1,158	560.50	651.00	879.20	760.70
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-104.90
	1,338	1,774	1,262	1,236	961.30	903.70	1,187	1,158	560.50	651.00	879.20	655.80
	328.50	402.80	255.80	285.40	171.00	228.40	263.70	213.70	136.80	174.70	211.50	143.90
	1,014	1,373	1,008	957.70	789.80	675.10	922.80	944.80	423.10	475.90	667.00	505.20
	10.14	13.73	10.09	9.59	7.90	6.76	9.26	9.48	4.25	4.78	6.84	5.22
Key metrics
	1,606	2,022	1,540	1,518	1,189	1,117	1,417	1,370	763.50	828.60	1,112	805.90
	35.90%	40.50%	32.70%	32.50%	31.30%	32.00%	33.50%	33.50%	29.10%	29.10%	27.70%	27.50%
	22.70%	27.50%	21.40%	20.50%	20.80%	19.30%	21.80%	23.10%	16.10%	16.70%	16.60%	17.20%
	5.00%	—	5.10%	—	4.20%	—	6.10%	—	—	—	—	—
	17.60%	43.10%	11.60%	14.40%	44.70%	22.70%	5.10%	39.30%	—	—	—	—
	28.30%	103.40%	9.20%	1.40%	86.70%	41.90%	38.40%	87.00%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21
Income statement
	18,850	16,676	13,780	10,316	9,470	9,233	5,449
	447.40	443.30	390.30	153.40	140.80	345.97	323.08
	19,298	17,120	14,170	10,470	9,611	9,579	5,772
	13,689	12,757	10,613	8,324	7,976	7,864	5,276
	10,568	9,796	8,250	6,203	—	—	—
	0.00	0.00	0.00	—	—	—	—
	713.60	658.70	543.30	471.20	423.88	354.39	286.35
	716.80	656.70	549.50	479.80	479.10	680.34	1,126
	360.20	345.40	271.90	203.90	92.81	74.77	73.42
	1,330	1,300	998.60	966.40	916.32	691.50	186.43
	5,609	4,362	3,557	2,145	1,635	1,716	495.93
	0.00	0.00	0.00	-104.90	-1,177	0.00	-462.75
	5,609	4,362	3,557	2,040	457.63	1,716	33.18
	1,272	940.60	788.90	473.40	37.00	508.03	14.73
	4,352	3,431	2,767	1,554	489.42	1,209	47.89
	43.55	34.34	27.76	16.03	10.10	26.28	1.01
Key metrics
	6,686	5,364	4,378	2,724	1,030	2,471	1,232
	35.47%	32.20%	31.80%	26.40%	10.90%	26.80%	22.60%
	23.09%	20.60%	20.10%	15.10%	5.20%	13.10%	0.90%
	—	18.00%	18.60%	—	—	—	—
	20.85%	21.00%	33.60%	8.90%	2.60%	69.50%	—
	30.60%	24.00%	78.00%	217.60%	-59.50%	2,423.50%	—
	—	709.10	1,091	—	—	—	—
	—	0.28	0.57	—	—	—	—
	—	0.42	0.35	—	—	—	—
	—	7,181	6,147	—	—	—	—
	—	838.8	909.0	—	—	—	—
Balance sheet
	—	58,937	49,841	—	—	—	—
	—	54,420	46,946	—	—	—	—
	—	2,703	933.60	—	—	—	—
	—	1,472	776.30	—	—	—	—
	—	40,254	36,476	—	—	—	—
	—	1,123	1,306	—	—	—	—
	—	969.60	617.00	—	—	—	—
	—	3,403	2,936	—	—	—	—
	—	31,107	27,816	—	—	—	—
	—	9,884	7,080	—	—	—	—
	—	6,168	5,864	—	—	—	—
	—	3,716	1,216	—	—	—	—
	—	23,429	20,245	—	—	—	—
Cash flow
	—	959.30	1,566	—	—	—	—
	—	-780.20	-90.40	—	—	—	—
	—	1,589	-2,506	—	—	—	—
	—	250.20	474.20	—	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	3,275	4,378	3,902	4,307	2,983	3,349	3,846	3,485	2,560	2,785	3,526	2,794
	130.20	115.50	268.30	398.90	63.90	145.70	155.00	86.90	91.70	94.90	130.40	71.80
	3,405	4,493	4,170	4,706	3,047	3,495	4,001	3,572	2,652	2,880	3,656	2,866
	2,557	3,116	3,210	3,290	2,618	2,627	3,020	2,809	2,138	2,243	2,927	2,157
	1,933	2,416	2,489	2,544	1,939	2,045	2,396	2,218	1,553	1,684	2,253	1,623
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	176.00	166.10	150.90	156.90	156.70	140.20	133.10	129.30	138.00	137.90	117.90	116.10
	191.30	198.60	178.70	212.50	187.10	172.70	154.20	170.50	155.50	132.20	118.80	130.30
	74.40	64.70	92.70	98.80	65.40	62.80	70.10	71.50	88.50	65.80	121.70	41.90
	182.20	271.00	298.40	278.70	269.40	206.10	267.10	218.90	203.40	223.30	316.20	245.30
	847.80	1,377	960.20	1,416	429.30	868.00	981.00	763.50	514.00	637.20	729.20	709.10
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	-263.90
	847.80	1,377	960.20	1,416	429.30	868.00	981.00	763.50	514.00	637.20	729.20	445.20
	202.80	327.40	165.90	270.00	93.70	223.70	206.90	198.80	128.90	171.50	190.00	132.00
	645.00	1,050	794.30	1,146	335.60	644.30	774.10	564.70	385.10	465.70	539.20	313.20
	6.45	10.51	7.95	11.48	3.36	6.46	7.78	5.67	3.87	4.68	5.54	3.25
Key metrics
	1,114	1,640	1,232	1,727	681.80	1,104	1,205	1,006	758.00	835.20	969.70	617.40
	34.00%	37.50%	31.60%	40.10%	22.90%	32.90%	31.30%	28.80%	29.60%	30.00%	27.50%	22.10%
	19.70%	24.00%	20.40%	26.60%	11.20%	19.20%	20.10%	16.20%	15.00%	16.70%	15.30%	11.20%
	3.60%	—	4.30%	—	2.40%	—	5.60%	—	—	—	—	—
	9.80%	30.70%	1.40%	23.60%	16.50%	20.20%	9.10%	24.70%	—	—	—	—
	92.20%	62.90%	2.60%	102.90%	-12.90%	38.40%	43.60%	80.30%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21
Income statement
	15,862	14,542	12,677	9,460	8,735	8,366	4,300
	912.90	876.80	428.50	318.80	254.89	154.03	146.29
	16,775	15,418	13,106	9,778	8,989	8,520	4,446
	12,174	11,745	10,210	7,930	7,618	6,922	4,190
	9,382	9,017	7,851	5,725	—	—	—
	0.00	0.00	0.00	—	—	—	—
	649.90	604.70	538.30	462.80	411.22	344.26	256.51
	781.10	751.00	612.40	543.30	597.85	403.21	817.89
	330.60	319.70	295.90	251.30	124.17	56.12	57.29
	1,030	1,053	912.70	947.70	901.44	667.43	102.25
	4,601	3,673	2,896	1,848	1,372	1,598	256.35
	0.00	0.00	0.00	-263.90	-1,177	—	-460.00
	4,601	3,673	2,896	1,584	194.29	1,598	-203.65
	966.10	753.30	706.10	420.30	111.12	464.91	17.93
	3,634	2,920	2,190	1,164	305.41	1,133	-185.72
	36.39	29.25	21.99	12.04	6.34	24.77	-4.69
Key metrics
	5,712	4,744	3,804	2,379	916.31	2,058	671.53
	36.01%	32.60%	30.00%	25.10%	10.50%	24.60%	15.60%
	22.91%	20.10%	17.30%	12.30%	3.50%	13.50%	-4.30%
	—	16.80%	17.30%	—	—	—	—
	16.08%	14.70%	34.00%	8.30%	4.40%	94.60%	—
	56.75%	33.40%	88.10%	281.10%	-73.10%	710.30%	—
	—	1,295	987.40	—	—	—	—
	—	0.51	0.54	—	—	—	—
	—	0.48	0.39	—	—	—	—
	—	8,519	6,727	—	—	—	—
	—	846.2	876.2	—	—	—	—
Balance sheet
	—	57,566	48,746	—	—	—	—
	—	49,878	45,063	—	—	—	—
	—	2,206	815.60	—	—	—	—
	—	888.30	727.90	—	—	—	—
	—	36,588	33,075	—	—	—	—
	—	896.20	896.40	—	—	—	—
	—	898.10	407.60	—	—	—	—
	—	3,766	3,372	—	—	—	—
	—	31,282	28,515	—	—	—	—
	—	10,724	7,542	—	—	—	—
	—	7,043	6,890	—	—	—	—
	—	3,681	652.20	—	—	—	—
	—	22,211	19,104	—	—	—	—
Cash flow
	—	1,486	1,183	—	—	—	—
	—	-1,532	-217.80	—	—	—	—
	—	1,436	-1,941	—	—	—	—
	—	190.80	195.20	—	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +18.52%
Sales CAGR 5Y: +27.60%
Profit CAGR 3Y: +112.24%
Profit CAGR 5Y: —
Sales YoY (TTM): +16.08%
Profit YoY (TTM): +56.75%

Consolidated

Sales CAGR 3Y: +20.76%
Sales CAGR 5Y: +25.07%
Profit CAGR 3Y: +91.38%
Profit CAGR 5Y: +134.98%
Sales YoY (TTM): +20.85%
Profit YoY (TTM): +30.60%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 70.29%

Quarter	September 2026	June 2026
Promoter %	70.29%	70.31%

Holder	Type	Holding	Previous	Change
Sambhavnath Trust (through its trustees Abhishek Lodha and Vinti Lodha)	Promoter	23.07%	23.12%	-0.05%
Lodha Philanthropy Foundation	Promoter Group	18.01%	18.02%	-0.01%
Hightown Constructions Private Limited	Promoter Group	17.62%	17.62%	0.00%
Sambhavnath Infrabuild and Farms Private Limited	Promoter	9.27%	9.27%	0.00%
New World Fund Inc	Public	4.36%	3.85%	+0.51%
Homecraft Developers and Farms Private Limited	Promoter Group	2.24%	2.24%	0.00%
Fidelity Advisor International Capital Appriciation Fund.	Public	1.58%	1.41%	+0.17%
Nordea 1 Sicav - Global Climate And Environment Fund	Public	1.48%	—	—
Ayraah Abhishek Lodha	Promoter Group	0.04%	—	—
Bellissimo Properties Development Private Limited	Promoter Group	0.04%	0.04%	0.00%
Foreign Institutional Investors	Public	0.02%	0.03%	-0.01%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
DLF LIMITED	1,78,037	719.25	38.98	6.40%	-29.29% TTM	+6.62% TTM	-7.08%
Lodha Developers Limited	1,11,937	1,120.00	25.72	18.00%	+20.85% TTM	+30.60% TTM	-8.38%
The Phoenix Mills Ltd.	74,091	2,071.45	44.28	11.80%	+12.86% TTM	+19.04% TTM	+17.13%
Prestige Estates Projects Limited	67,971	1,578.05	53.72	13.00%	+67.46% TTM	+103.62% TTM	-9.58%
OBEROI REALTY LIMITED	61,938	1,703.45	23.54	16.70%	+16.64% TTM	+17.82% TTM	-4.40%
Godrej Properties Limited	52,394	1,739.35	39.27	12.00%	+49.99% TTM	-13.26% TTM	-24.13%
Brigade Enterprises Limited	17,657	541.20	21.22	9.90%	-4.37% TTM	+2.36% TTM	-29.23%
Anant Raj Limited	16,572	460.50	27.68	10.40%	+12.31% TTM	+21.36% TTM	-28.62%
Horizon Industrial Parks Limited	12,843	44.55	—	—	—	—	—
Sobha Limited	12,687	1,186.45	66.41	7.60%	+9.57% TTM	+28.50% TTM	-26.67%
ADITYA BIRLA REAL ESTATE LIMITED	11,861	1,061.90	16.98	-4.80%	-26.16% TTM	+413.97% TTM	-42.89%
Sri Lotus Developers and Realty Limited	11,331	231.85	37.10	16.70%	—	—	+30.55%
SIGNATUREGLOBAL (INDIA) LIMITED	9,954	707.50	9.54	36.30%	-22.98% TTM	+709.93% TTM	-34.25%
Max Estates Limited	8,424	515.00	695.54	1.20%	+16.57% TTM	-69.99% TTM	+7.89%
EMBASSY DEVELOPMENTS LIMITED	7,222	51.93	-6.80	-2.20%	-54.57% TTM	-514.70% TTM	-43.97%
Mahindra Lifespace Developers Ltd.	6,723	315.00	22.34	-0.90%	+839.32% TTM	+85.98% TTM	-22.90%
GANESH HOUSING LIMITED	5,278	632.95	23.57	17.80%	-29.50% TTM	-57.50% TTM	-24.55%
Kalpataru Limited	4,947	240.25	182.43	2.40%	—	—	-36.32%
Puravankara Limited	4,775	201.35	17.22	35.70%	+119.51% TTM	+194.89% TTM	-24.56%
VALOR ESTATE LIMITED	4,664	85.98	389.58	4.40%	-54.40% TTM	+113.15% TTM	-41.85%
Keystone Realtors Limited	4,546	359.90	34.71	5.30%	—	—	-35.90%
MAN INFRACONSTRUCTION LIMITED	4,331	107.30	19.63	11.80%	-9.75% TTM	-26.33% TTM	-25.90%
Sunteck Realty Ltd	4,306	293.25	19.69	6.70%	+47.87% TTM	+24.77% TTM	-36.07%
Kolte-Patil Developers Ltd	4,167	469.90	29.28	-0.80%	+37.11% TTM	+120.28% TTM	+8.63%
KESAR INDIA LIMITED	3,920	1,205.00	—	16.60%	—	—	+41.76%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Schedule of Analysts/Investor Meet is enclosed.4 Nov 2026 · Company Update / Analyst / Investor Meet
The Company has informed exchange regarding allotment of 56,654 securities pursuant to ESOP4 Nov 2026 · Company Update / Allotment of ESOP / ESPS
Audio Recording of Earnings Conference Call for the quarter ended and half year ended September 30, 2026.2 Nov 2026 · Company Update / Analyst / Investor Meet
Copy of Newspaper Publication regarding the Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2026.31 Oct 2026 · Company Update / Newspaper Publication
Change in Key Managerial Personnel30 Oct 2026 · Company Update / Change in Management
Change in Key Managerial Personnel30 Oct 2026 · Company Update / Appointment of Company Secretary / Compliance Officer
Change in Key Managerial Personnel30 Oct 2026 · Company Update / Resignation of Company Secretary / Compliance Officer
Investor Presentation on Unaudited Financial Results (Consolidated and Standalone) of the Company for the quarter and half year ended September 30, 202630 Oct 2026 · Company Update / Investor Presentation
Press Release on Unaudited Financial Results (Consolidated and Standalone) of the Company for the quarter and half year ended September 30, 202630 Oct 2026 · Company Update / Press Release / Media Release
Unaudited Financial Results (Consolidated and Standalone) of the Company for the quarter and half year ended September 30, 202630 Oct 2026 · Result / Financial Results
Unaudited Financial Results (Consolidated and Standalone) of the Company for the quarter and half year ended September 30, 202630 Oct 2026 · Board Meeting / Outcome of Board Meeting
Intimation of Conference call on Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2026.26 Oct 2026 · Company Update / Analyst / Investor Meet
Lodha Developers Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/10/2026 ,inter alia, to consider and approve the Un-audited Financial Results ....26 Oct 2026 · Board Meeting / Board Meeting
The Company has informed exchange regarding allotment of 27,094 securities pursuant to ESOP22 Oct 2026 · Company Update / Allotment of ESOP / ESPS
Scrutinizer''s Report on voting at the NCLT Convened Meeting of Equity Shareholders of the Company held on October 9, 2026 through Video Conferencing is enclosed9 Oct 2026 · AGM/EGM / Court Convened Meeting
Scrutinizer''''s Report on voting at the NCLT Convened Meeting of Secured Creditors of the Company held on October 9, 2026 through Video Conferencing is enclosed9 Oct 2026 · AGM/EGM / Court Convened Meeting
Outcome of NCLT Convened Meeting of Equity Shareholders of the Company held on October 9, 2026 through Video Conferencing is enclosed9 Oct 2026 · AGM/EGM / Court Convened Meeting
Outcome of NCLT Convened Meeting of Secured Creditors of the Company held on October 9, 2026 through Video Conferencing is enclosed9 Oct 2026 · AGM/EGM / Court Convened Meeting
The Company has informed exchange regarding allotment of 27,616 securities pursuant to ESOP7 Oct 2026 · Company Update / Allotment of ESOP / ESPS
Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026 is enclosed.7 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Closure of Trading Window28 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
The Company has informed exchange regarding allotment of 50,720 securities pursuant to ESOP23 Sep 2026 · Company Update / Allotment of ESOP / ESPS
Schedule of Analysts/Investor Meet is enclosed22 Sep 2026 · Company Update / Analyst / Investor Meet
The Company has informed exchange regarding allotment of 1,11,859 securities pursuant to ESOP9 Sep 2026 · Company Update / Allotment of ESOP / ESPS
Newspaper Advertisement regarding NCLT Convened Meeting of Equity Shareholders and Secured Creditors (including Secured Debenture Holders) of the Company7 Sep 2026 · Company Update / Newspaper Publication
Approve Scheme of Merger by Absorption of Roselabs Finance Limited ('First Transferor Company') and National Standard (India) Limited ('Second Transferor Company') with Lodha Developers ....4 Sep 2026 · AGM/EGM / Court Convened Meeting
Approve Scheme of Merger by Absorption of Roselabs Finance Limited ('First Transferor Company') and National Standard (India) Limited ('Second Transferor Company') with Lodha Developers ....4 Sep 2026 · AGM/EGM / Court Convened Meeting
Acquisition of balance stake in Bellissimo Infratech Private Limited (Formerly known as Solidrise Realty Private Limited)31 Aug 2026 · Company Update / Acquisition
Change in Senior Management31 Aug 2026 · Company Update / Change in Management
The Company has informed exchange regarding allotment of 44,715 securities pursuant to ESOP21 Aug 2026 · Company Update / Allotment of ESOP / ESPS
Scrutinizer''s Report on voting at the 31st Annual General Meeting of the Company held on August 14, 202614 Aug 2026 · AGM/EGM / AGM
Outcome of 31st Annual General Meeting of the Company held on August 14, 2026 through Video Conferencing is enclosed14 Aug 2026 · AGM/EGM / AGM
The Company has informed exchange regarding allotment of 49,395 securities pursuant to ESOP12 Aug 2026 · Company Update / Allotment of ESOP / ESPS
Schedule of Analysts/Investor Meet is enclosed.7 Aug 2026 · Company Update / Analyst / Investor Meet
Transcript of Earning Conference Call held on July 27, 202630 Jul 2026 · Company Update / Earnings Call Transcript
Audio Recording of Earnings Conference Call for the quarter ended June 30, 202627 Jul 2026 · Company Update / Analyst / Investor Meet
Copy of Newspaper Publication regarding the Unaudited Financial Results of the Company for the quarter ended June 30, 2026.25 Jul 2026 · Company Update / Newspaper Publication
Investor Presentation on Unaudited Financial Results (Consolidated and Standalone) of the Company for the quarter ended June 30, 202624 Jul 2026 · Company Update / Investor Presentation
Press Release on Unaudited Financial Results (Consolidated and Standalone) of the Company for the quarter ended June 30, 202624 Jul 2026 · Company Update / Press Release / Media Release
Unaudited Financial Results (Consolidated and Standalone) of the Company for the quarter ended June 30, 202624 Jul 2026 · Result / Financial Results

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 4.2500	7 Aug 2026	7 Aug 2026	—
Final Dividend - Rs. - 4.2500	22 Aug 2025	22 Aug 2025	—
Final Dividend - Rs. - 2.2500	16 Aug 2024	16 Aug 2024	—

Board meetings

30 Oct 2026 Board Meeting - Financial Results
24 Jul 2026 Board Meeting - Financial Results