Macrotech Developers

    LODHA
    Infra
    ₹963.00
    Price as of 25 Oct 2026, 10:28 pm IST

    Market cap ₹96,228 Cr

    P/E
    23.37
    Day range
    ₹941.00 – ₹1,003.10
    52-week range
    ₹650.80 – ₹1,344.95
    Volume
    18.19 L
    Open
    ₹1,003.10
    Prev close
    ₹1,006.40

    Latest results · Q1 FY27(consolidated)Revenue ₹4,997 Cr+43.1%Profit ₹1,373 Cr+103.4%Margin 27.5%YoY vs the same quarter last year

    No red flags in exchange filings: no rising pledge, promoter selling, surveillance or critical filing on record.

    LODHA in NSE indices and F&O

    F&O margin for one lot of LODHA (625 shares)

    Research profile

    Composite 45 / 100

    Factor percentiles

    Value53
    Quality52
    Momentum53
    Low volatility21

    Derived metrics

    Earn. yield
    4.3%
    Graham no.
    ₹465.48
    vs Graham
    -51.7%
    ROE ÷ P/B
    3.8%
    12-1 mom.
    +0.2%
    Return / vol
    -0.42
    Magic Formula
    #240
    Piotroski
    2/6
    FCF yield
    0.7%
    PEG
    2.53

    Appears in 14 scans

    Percentiles rank this stock against the other tracked stocks and change as they do. Scans describe where figures sit today. Hover a label for its definition. Not investment advice.

    Peer comparison

    All 188 in Infra
    Largest Infra companies tracked, with sector medians
    CompanyM-capP/EP/BROEROCEOPMD/ESales YoY
    Larsen & ToubroLT₹5.02 L Cr30.254.5918.3%15.0%12.0%1.15+6.7%
    Adani PortsADANIPORTS₹3.92 L Cr29.064.2116.2%14.0%58.0%0.66+18.6%
    Adani EnterprisesADANIENT₹3.35 L Cr39.934.0715.2%6.0%15.0%1.32+49.9%
    UltraTech CementULTRACEMCO₹3.25 L Cr38.094.4311.1%13.0%16.0%0.40+18.8%
    Grasim IndustriesGRASIM₹1.96 L Cr34.511.9010.2%8.0%23.0%2.20+21.4%
    InterGlobe AviationINDIGO₹1.76 L Cr19.6325.56-29.3%5.0%13.0%11.15+19.9%
    DLFDLF₹1.63 L Cr35.633.6010.0%6.0%1.8%0.01-23.3%
    Macrotech DevelopersLODHA₹96,228 Cr23.374.1315.8%16.0%38.0%0.42+43.1%
    Sector median₹12,817 Cr32.004.3415.0%17.0%15.0%0.18+19.8%

    Sector as classified in the tracked universe; medians use every tracked Infra company, and P/E only profitable ones. Tinted figures beat the median.

    Latest news

    Updated 10d ago

    Headlines about Macrotech Developers from the last two weeks in the financial press. Stories belong to their publishers; Parasram India does not endorse them.

    Key metrics

    P/E (TTM)
    23.3
    EPS (TTM)
    ₹41.14
    Price / Book
    4.13
    ROE (FY26)
    15.8%
    ROCE (latest year)
    16%
    Dividend yield
    0.44%

    Moving averages (NSE)

    20-day
    ₹1,082.55
    Price below
    50-day
    ₹1,151.55
    Price below
    200-day
    ₹1,021.86
    Price below

    Charts & trends

    From company filings. Amounts in ₹ crore.

    Revenue 3Y CAGR
    +20.8%
    Profit 3Y CAGR
    +91.3%
    Revenue YoY (Jun 2026)
    +43.1%
    Profit YoY (Jun 2026)
    +103.4%
    Operating margin
    38.0%
    Net margin
    27.5%

    Revenue, profit & margin - quarterly

    ₹ crore; a loss shows red. Operating margin below, same periods.

    0 Cr2K Cr4K Cr6K Cr
    • Revenue
    • Net profit

    Operating margin

    Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Jun 20260%20%40%

    Who owns the company

    % of equity by quarter, latest Sept 2026

    Dec '24Mar '25Jun '25Sept '25Dec '25Mar '26Jun '26Sept '260%25%50%75%100%
    • Promoter
    • FII
    • DII
    • Public

    Cash flows

    Where cash came from and went, by fiscal year (₹ crore)

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-6K Cr-4K Cr-2K Cr0 Cr2K Cr4K Cr
    • Operating
    • Investing
    • Financing
    • Free cash flow

    Return on equity

    Net profit over shareholders' equity, by fiscal year

    FY17FY18FY19FY20FY21FY22FY23FY24FY25FY260%10%20%30%40%15% screen

    Equity vs debt

    Shareholders' equity against borrowings (₹ crore); the ratio below, same years.

    0 Cr10K Cr20K Cr30K Cr
    • Equity
    • Debt

    Debt to equity

    Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 20260x5x10x

    Dividends per share

    ₹ by fiscal year of the ex-date; the latest year runs to date.

    FY25FY26FY27₹0₹2₹4₹6

    Financial statements

    ₹ Crore
    Quarterly results, oldest period first, figures in rupees crore
    Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
    Sales1,7502,9314,0182,8462,6264,0834,2243,4923,7984,6724,7144,997
    Expenses1,3382,0552,9722,0901,9222,7773,0042,5082,6903,2573,3013,074
    Operating Profit4128761,0467567041,3061,2209841,1081,4151,4131,922
    OPM %24%30%26%27%27%32%29%28%29%30%30%38%
    Other Income6-776572596419613380110129102
    Interest123117116117136144152148156185167179
    Depreciation29331176066677866719811169
    Profit before tax2656498786515601,1581,1869049611,2431,2641,776
    Tax %24%22%24%27%24%18%22%25%18%23%20%23%
    Net Profit2035056674764239459236757909581,0081,373
    EPS in Rs₹2.09₹5.22₹6.69₹4.78₹4.25₹9.47₹9.24₹6.76₹7.90₹9.58₹10.09₹13.73

    From company filings, updated 24 Oct 2026. Consolidated figures where the company reports them. Information only, not investment advice.

    Working-capital cycle

    Debtor Days32

    -12 days since Mar 2021

    Cash Conversion Cycle32

    -12 days since Mar 2021

    Working Capital Days420

    +306 days since Mar 2021

    Strengths, risks & growth

    Lodha Developers Ltd is primarily engaged in the business of real estate development. It is among the largest real estate developers in terms of presales and development pipeline in India with a presence in MMR, Pune and entered in Bengaluru market in Nov'23. [1]

    Strengths

    • Company has delivered good profit growth of 58.4% CAGR over last 5 years

    Risks

    • Stock is trading at 4.13 times its book value
    • Company has a low return on equity of 13.6% over last 3 years.
    • Promoter holding has decreased over last 3 years: -4.64%

    Compounded Sales Growth

    10 Years
    +7%
    5 Years
    +25%
    3 Years
    +21%
    TTM
    +26%

    Compounded Profit Growth

    10 Years
    +17%
    5 Years
    +58%
    3 Years
    +56%
    TTM
    +39%

    Stock Price CAGR

    10 Years
    —
    5 Years
    +15%
    3 Years
    +8%
    1 Year
    -18%

    Return on Equity

    10 Years
    +14%
    5 Years
    +13%
    3 Years
    +14%
    Last Year
    +15%

    Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.

    Shareholding pattern

    Percentage of shares held by each category at each quarter end
    HolderDec 2025Mar 2026Jun 2026Sept 2026Change
    Promoter71.85%72.27%70.31%70.29%-0.02 pp
    FII23.49%21.24%23.65%25.33%+1.68 pp
    DII3.17%4.62%3.56%2.55%-1.01 pp
    Public1.48%1.85%2.46%1.82%-0.64 pp

    Filed with NSE for Sept 2026: promoters 70.29%, public 29.71% · XBRL filing

    Analysts & fund holdings

    89%
    89% recommend buy
    18 analysts cover the stock
    Valuation vs Real Estate
    P/E23.4 vs 43.8
    Sector P/B2.88
    Beta1.44

    Who holds the shares, quarter by quarter

    Mutual funds 0.73% (-1.15 pp)
    Jun 25
    Sept 25
    Dec 25
    Mar 26
    Jun 26
    Sept 26
    • Promoters70.3%
    • Foreign institutions25.3%
    • Mutual funds0.7%
    • Insurance1.6%
    • Other domestic institutions0.2%
    • Retail1.2%
    • Others0.7%
    Mutual funds holding the most
    Fund% of company% of fund3-month change
    Mirae Asset Large Cap Fund0.19%0.54%-0.28 pp
    SBI Arbitrage Fund0.07%0.17%-0.10 pp
    HDFC Large & Mid Cap Fund0.03%0.12%+0.02 pp
    JM Flexi Cap Fund0.03%0.68%+0.68 pp
    Motilal Oswal Nifty Midcap 150 Index Fund0.03%0.83%+0.83 pp

    Scorecard

    Performance
    Avg
    Valuation
    High
    Growth
    Avg
    Profitability
    High
    Entry point
    Good
    Red flags
    Low

    Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.

    Risk & trend

    From 275 daily sessions to 23 Oct 2026.

    Computed

    Risk

    Volatility (1Y)
    37.2%
    Downside volatility
    37.9%
    Worst 5% of days
    4.2%
    Average of that tail
    5.4%
    Max drawdown (1Y)
    45.2%
    Below its peak
    26.8%

    Against the market

    Beta vs Nifty 50
    1.74
    Correlation
    0.62
    Relative strength (3M)
    -10.7%
    ATR (14)
    3.9%

    Return

    Return 1M
    -15.8%
    Return 3M
    -16.0%
    Return 6M
    +8.8%
    Return 1Y
    -15.7%
    vs 200-day average
    -5.8%

    Momentum

    RSI (14) · oversold
    26.4
    MACD histogram
    -9.26
    Stochastic %K
    11.0
    ADX (14)
    32.7
    +DI / −DI
    8.8 / 38.5
    Money flow index
    27.5

    Participation

    Delivery (20d avg)
    53.2%
    vs its 60-day baseline
    +5.7 pts
    Volume vs 20-day
    +0.1σ
    Close vs day's VWAP
    +0.2%
    52-week position
    45 / 100

    These describe what this stock's price has already done. They are not forecasts, signals or recommendations, and a dash means the figure was withheld for want of enough history rather than being zero.

    Financial quality

    From consolidated statements to 31 Mar 2026.

    Computed

    Piotroski F-Score

    2 of 6 tested

    • Return on assets positive — passed
    • Operating cash flow positive — not testableno cash flow statement for this period
    • Return on assets improving — failed
    • Cash flow exceeds profit — not testableneeds cash flow and profit against assets
    • Debt to assets falling — failed
    • Current ratio improving — passed
    • No new equity issued — not testableno share count is collected, and financing cash flow mixes equity with debt
    • Operating margin improving — failed
    • Asset turnover improving — failed
    Free cash flow
    ₹709 Cr
    FCF yield
    0.7%
    Cash conversion
    0.28
    Accruals ratio
    0.042
    Net debt
    ₹7,193 Cr
    Net debt / equity
    0.31
    EV / sales
    5.69
    PEG
    2.53
    Capex intensity
    1.5%
    Revenue CAGR
    11.6%
    Profit CAGR
    9.2%

    Computed from filed statements, not filed themselves. A dash means an input was absent, and the score counts only the criteria that could actually be tested.

    Corporate actions

    • dividend
      ₹4.25

      Dividend - Rs 4.25 Per Share

      7 Aug 2026
      ex-date
    • dividend
      ₹4.25

      Dividend - Rs 4.25 Per Share

      22 Aug 2025
      ex-date
    • dividend
      ₹2.25

      Dividend - Rs 2.25 Per Share

      16 Aug 2024
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      8 Sept 2023
      ex-date
    • dividend
      Not available — not reported in this filing

      Dividend - Re 1 Per Share

      8 Sept 2023
      ex-date
    • bonus
      Not available — not reported in this filing

      Bonus 1:1

      31 May 2023
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      2 Aug 2022
      ex-date
    • other
      Not available — not reported in this filing

      Annual General Meeting

      24 Aug 2021
      ex-date

    Company announcements

    Company Update
    Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

    The Company has informed exchange regarding allotment of 27,094 securities pursuant to ESOP

    AGM/EGM
    Shareholder Meeting / Postal Ballot-Scrutinizer"s Report

    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 enclosed

    AGM/EGM
    Shareholder Meeting / Postal Ballot-Scrutinizer"s Report

    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 enclosed

    AGM/EGM
    Shareholder Meeting / Postal Ballot-Outcome of Court Convened Meeting

    Outcome of NCLT Convened Meeting of Equity Shareholders of the Company held on October 9, 2026 through Video Conferencing is enclosed

    AGM/EGM
    Shareholder Meeting / Postal Ballot-Outcome of Court Convened Meeting

    Outcome of NCLT Convened Meeting of Secured Creditors of the Company held on October 9, 2026 through Video Conferencing is enclosed

    Company Update
    Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

    The Company has informed exchange regarding allotment of 27,616 securities pursuant to ESOP

    Company Update
    Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

    Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026 is enclosed.

    Insider Trading / SAST
    Closure of Trading Window
    Company Update
    Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

    The Company has informed exchange regarding allotment of 50,720 securities pursuant to ESOP

    Company Update
    Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    Schedule of Analysts/Investor Meet is enclosed

    Company Update
    Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

    The Company has informed exchange regarding allotment of 1,11,859 securities pursuant to ESOP

    Company Update
    Announcement under Regulation 30 (LODR)-Newspaper Publication

    Newspaper Advertisement regarding NCLT Convened Meeting of Equity Shareholders and Secured Creditors (including Secured Debenture Holders) of the Company

    AGM/EGM
    NCLT Convened Meeting Of Secured Creditors

    Approve Scheme of Merger by Absorption of Roselabs Finance Limited ('First Transferor Company') and National Standard (India) Limited ('Second Transferor Company') with Lodha Developers ....

    AGM/EGM
    NCLT Convened Meeting Of Equity Shareholders

    Approve Scheme of Merger by Absorption of Roselabs Finance Limited ('First Transferor Company') and National Standard (India) Limited ('Second Transferor Company') with Lodha Developers ....

    Company UpdatePrice-sensitive
    Announcement under Regulation 30 (LODR)-Updates on Acquisition

    Acquisition of balance stake in Bellissimo Infratech Private Limited (Formerly known as Solidrise Realty Private Limited)

    Filed with BSE (scrip 543287); the last 45 days. Documents open at bseindia.com.

    Documents

    Annual reports

    Earnings calls

    Credit ratings

    Documents open at BSE or the rating agency that issued them.

    Sourced from the company's NSE XBRL filing dated 25 Jul 2026 (unaudited). View the source filing. Figures are as filed and are not investment advice.

    FAQ

    Macrotech Developers: common questions

    Answered from the figures on this page.

    Macrotech Developers last traded at ₹963.00 (NSE, as of 25 Oct 2026). The last session moved it down 4.31%.

    Macrotech Developers is valued at about ₹96,228 crore (NSE, as of 25 Oct 2026).

    Macrotech Developers trades at a price-to-earnings ratio of 23.37 (NSE, as of 25 Oct 2026). The P/E compares the share price with earnings per share, so it is only comparable between companies in the same industry.

    Macrotech Developers has traded between ₹650.80 and ₹1,344.95 over the past 52 weeks, to 25 Oct 2026. It is currently 45% of the way up that range.

    Macrotech Developers (LODHA) is classified under Infra on this site's screener.