Macrotech Developers Ltd. (IN:LODHA)
:LODHA
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Macrotech Developers Ltd.
(LODHA)
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Rating:64Neutral
Price Target:
₹762.00
▼(-29.86% Downside)
Action:ReiteratedDate:03/20/26
The score is supported by strong revenue growth and improved profitability with reasonable leverage, but is held back by sharply weaker free cash flow and a clearly bearish technical setup (below all major moving averages with negative MACD). Valuation is moderately unattractive given the P/E and low dividend yield.
Positive Factors
Strong revenue growth
Sustained high topline growth of 33.5% reflects expanding sales execution and project momentum. Over a 2–6 month horizon this strengthens backlog and future recognition potential, supporting funding of ongoing developments and improving medium-term cash visibility.
Negative Factors
Sharp free cash flow decline
A 53.4% drop in free cash flow is a structural concern for a developer that relies on cash to fund construction and handovers. Persistently weaker free cash flow can raise reliance on external financing, slow project cadence, and constrain durable investment capacity.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
Sustained high topline growth of 33.5% reflects expanding sales execution and project momentum. Over a 2–6 month horizon this strengthens backlog and future recognition potential, supporting funding of ongoing developments and improving medium-term cash visibility.
Read all positive factors
Macrotech Developers Ltd. (LODHA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹778.35B
Dividend Yield0.39%
Average Volume (3M)52.63K
Price to Earnings (P/E)27.7
Beta (1Y)1.92
Revenue Growth25.57%
EPS Growth58.31%
CountryIN
Employees18,634
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)9.56
Shares Outstanding998,915,100
10 Day Avg. Volume75,693
30 Day Avg. Volume52,628
Financial Highlights & Ratios
PEG Ratio0.57
Price to Book (P/B)5.73
Price to Sales (P/S)8.39
P/FCF Ratio105.93
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,215.00Price Target Upside11.84% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)41.35
Revenue Forecast (FY)₹197.57B
Macrotech Developers Ltd. Business Overview & Revenue Model
Company Description
Lodha Developers Ltd. engages in the real estate development business. Its core business is residential real estate developments with a focus on affordable and mid-income housing. The company was founded on September 25, 1995 and is headquartered ...
How the Company Makes Money
Macrotech Developers Ltd. primarily makes money by developing and selling real estate units and recognizing revenue from these projects in line with applicable accounting standards. Key revenue streams include: (1) Residential sales: The largest c...
Macrotech Developers Ltd. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
70
Positive
Cash Flow
67
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 144.25B | 137.79B | 103.16B | 94.70B | 92.33B | 54.49B |
| Gross Profit | 49.58B | 47.15B | 34.38B | 28.90B | 27.41B | 15.08B |
| EBITDA | 46.08B | 43.80B | 27.26B | 10.32B | 24.78B | 12.43B |
| Net Income | 29.64B | 27.64B | 15.49B | 4.87B | 12.02B | 401.60M |
Balance Sheet | ||||||
| Total Assets | 512.90B | 498.41B | 472.25B | 391.55B | 384.79B | 393.08B |
| Cash, Cash Equivalents and Short-Term Investments | 22.80B | 24.98B | 46.42B | 34.30B | 8.82B | 24.93B |
| Total Debt | 78.50B | 70.94B | 76.98B | 90.60B | 115.37B | 181.93B |
| Total Liabilities | 303.50B | 295.96B | 296.91B | 264.33B | 263.17B | 341.82B |
| Stockholders Equity | 202.45B | 201.78B | 174.69B | 126.63B | 121.05B | 45.99B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 10.91B | 23.43B | 26.60B | 19.54B | 25.22B |
| Operating Cash Flow | 0.00 | 15.66B | 25.12B | 27.50B | 19.98B | 25.24B |
| Investing Cash Flow | 0.00 | -904.00M | -29.47B | 17.78B | 11.39B | 4.20B |
| Financing Cash Flow | 0.00 | -25.06B | 9.51B | -37.05B | -28.88B | -28.35B |
Macrotech Developers Ltd. Technical Analysis
Negative
1086.35
Price Trends
923.51
Negative
1016.27
Negative
1136.65
Negative
Market Momentum
-65.54
Negative
42.79
Neutral
60.24
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:LODHA, the sentiment is Negative. The current price of 1086.35 is above the 20-day moving average (MA) of 786.04, above the 50-day MA of 923.51, and below the 200-day MA of 1136.65, indicating a bearish trend. The MACD of -65.54 indicates Negative momentum. The RSI at 42.79 is Neutral, neither overbought nor oversold. The STOCH value of 60.24 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:LODHA.
Macrotech Developers Ltd. Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | ₹1.42T | 35.36 | ― | 0.86% | 28.92% | 18.86% | |
68 Neutral | ₹594.76B | 24.40 | ― | 0.48% | 2.76% | -3.84% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | ₹778.35B | 27.67 | ― | 0.39% | 25.57% | 58.31% | |
64 Neutral | ₹612.23B | 60.08 | ― | 0.14% | -1.32% | -4.67% | |
59 Neutral | ₹512.82B | 77.34 | ― | ― | 37.14% | 3.92% | |
52 Neutral | ₹569.38B | 77.12 | ― | 0.11% | -2.28% | 5.18% |
* Real Estate Sector Average
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Macrotech Developers Ltd. Corporate Events
Lodha Developers appoints Walker Chandiok & Co. as new statutory auditor
Mar 30, 2026
Lodha Developers Limited has announced a change in its statutory auditors, with M/s MSKA Associates LLP set to retire at the conclusion of the upcoming 31st Annual General Meeting after completing their second consecutive five-year term. Based on...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.