Macrotech Developers Ltd. (LODHA) AI Stock Analysis

• Market Cap: ₹1.22T
• Dividend Yield: 0.36%
• Average Volume (3M): 52.63K
• Price to Earnings (P/E): 36.6
• Beta (1Y): 1.99
• Revenue Growth: 25.57%
• EPS Growth: 58.31%
• Country: IN
• Employees: 18,634
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): 7.87
• Shares Outstanding: 998,516,050
• 10 Day Avg. Volume: 75,693
• 30 Day Avg. Volume: 52,628
• PEG Ratio: 0.57
• Price to Book (P/B): 5.73
• Price to Sales (P/S): 8.39
• P/FCF Ratio: 105.93
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹1,625.00
• Price Target Upside: 38.13% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 65 Neutral
• Price Target: ₹1,289.00 ▲(9.57% Upside)

Macrotech Developers Ltd. shows strong financial performance with impressive revenue growth and profitability, which is the most significant factor in its overall score. Technical analysis indicates mixed signals with short-term bullish momentum but longer-term bearish trends. The valuation suggests the stock may be overvalued, which is a concern for potential investors. The absence of earnings call insights and corporate events means these factors do not influence the score.

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 in Mumbai, India.

How the Company Makes Money

Macrotech Developers generates revenue primarily through the sale and leasing of residential and commercial properties. The main sources of income include project sales from completed developments, ongoing sales from under-construction properties, and rental income from commercial spaces. The company also engages in joint ventures and partnerships to expand its project portfolio and leverage local expertise, which enhances its market reach. Additionally, Lodha benefits from government policies promoting affordable housing, as well as strategic collaborations with financial institutions to facilitate project financing, further contributing to its earnings.

Macrotech Developers Ltd. Financial Statement Overview

Summary

Macrotech Developers Ltd. demonstrates strong growth and profitability with significant improvements in revenue, net income, and margins. The balance sheet reflects a healthy leverage position with good equity utilization, although liabilities are substantial. Cash flow performance highlights some concerns with reduced free cash flow, suggesting a need for improved cash management as the company navigates market uncertainties typical in the real estate sector.

Income Statement

The company shows impressive revenue growth at 33.5% from the previous year (2024) to the latest fiscal year (2025). The net profit margin has improved significantly, reaching 20.1% in 2025, which indicates enhanced profitability. The gross profit margin of 40.1% and a strong EBITDA margin of 28.9% further emphasize operational efficiency. However, the real estate industry can be cyclical, and maintaining such growth could be challenging.

Balance Sheet

The debt-to-equity ratio stands at 0.35, reflecting a prudent approach to leverage in the 2025 fiscal year. Return on equity (ROE) is robust at 13.7%, indicating effective utilization of equity to generate profits. The equity ratio remains stable at 40.5%, suggesting a well-capitalized position. However, total liabilities remain high, presenting potential future risks if market conditions worsen.

Cash Flow

Free cash flow decreased by 53.4% in 2025 compared to 2024, which may indicate challenges in cash generation. The operating cash flow to net income ratio is 0.57, showcasing moderate conversion of income to cash flow. Despite a decline in free cash flow, the company maintains a positive free cash flow to net income ratio of 0.39, indicating some resilience in cash flow management.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 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	46.67B	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

• Technical Analysis Sentiment: Negative
• Last Price: 1176.45
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: 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 1176.45 is below the 20-day moving average (MA) of 1202.48, below the 50-day MA of 1181.75, and below the 200-day MA of 1257.03, indicating a bearish trend. The MACD of 4.42 indicates Positive momentum. The RSI at 43.87 is Neutral, neither overbought nor oversold. The STOCH value of 31.52 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DLF	69 Neutral	₹1.92T	44.73	―	0.83%	28.92%	18.86%
OBEROIRLTY	68 Neutral	₹647.90B	29.01	―	0.48%	2.76%	-3.84%
LODHA	65 Neutral	₹1.22T	36.62	―	0.36%	25.57%	58.31%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
GODREJPROP	64 Neutral	₹690.49B	45.38	―	―	37.14%	3.92%
PHOENIXLTD	64 Neutral	₹632.38B	58.64	―	0.15%	-1.32%	-4.67%
PRESTIGE	54 Neutral	₹751.75B	139.82	―	0.11%	-2.28%	5.18%

Macrotech Developers Ltd. Corporate Events

Lodha Developers Allots Shares Under Employee Stock Option Scheme

Lodha Developers Limited has announced the allotment of 12,695 equity shares under its Employee Stock Option Scheme 2021 – II. This move reflects the company’s commitment to rewarding its employees, potentially enhancing employee satisfaction and retention, which could positively impact its operations and market position.

Lodha Developers Announces Reclassification of Promoter to Public Shareholder

Lodha Developers Limited announced that the stock exchanges have approved the reclassification of Mr. Rajendra Lodha from the ‘Promoter and Promoter Group’ category to the ‘Public’ category. This change could impact the company’s governance structure and shareholder composition, potentially influencing its strategic direction and market perception.

Lodha Developers Conducts 30th AGM, Declares Dividend and Approves Key Resolutions

Lodha Developers Limited held its 30th Annual General Meeting (AGM) on August 29, 2025, via video conferencing, in compliance with regulatory guidelines. During the AGM, the company discussed its financial and business performance, adopted audited financial statements, declared a final dividend, and addressed various resolutions, including the re-appointment of a director and the appointment of secretarial auditors. The meeting was attended by key company officials and stakeholders, and electronic voting was facilitated for shareholders.

Lodha Developers Announces Director Resignation Amid Ethics Review

Lodha Developers Limited announced the resignation of Mr. Rajendra Lodha from the board of directors, effective August 17, 2025, amid a review of certain conduct-related matters by the company’s Ethics Committee. Despite his distant familial connection to the Managing Director & CEO, the company assures stakeholders that this change will not materially affect its performance and reiterates its dedication to high governance standards.