# Lodha share price today (Lodha Developers Ltd, NSE: LODHA)

> Lodha share price today: ₹1,060.80 at the NSE close on 3 November 2026, down 11.4% in a year. Lodha Developers (NSE: LODHA) is worth ₹1,06,021 crore, trades at a P/E of 24.4 and has closed between ₹696.05 and ₹1,274.00 over the past 52 weeks. > Lodha Developers Ltd's results are improving, while its P/E is near the low end of its own history over 5.5 years, higher than only 2% of past readings. LODHA · Realty - National · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/lodha-developers-ltd

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## Key numbers

- Business trend: Growing steadily, from the last 12 quarters
- Price: ₹1,060.80 (−11.4% in a year)
- P/E: 24.4× (lower than 98% of the last 5.5 years)
- Revenue (Sep 2026): ₹4,467 Cr (+17.6% on a year ago)
- Profit (Sep 2026): ₹1,014 Cr (+28.4% on a year ago)
- Operating margin: 33.0% (+4.0 points on a year ago)
- ROCE: 16%, FY26
- ROIC: 15.7%, against a 12.0% cost of capital: +3.7 points

The main question: yearly earnings per share moved +23.9% while the share price moved −11.4%. ## What is the Lodha share price today? Lodha Developers Ltd's share price was ₹1,060.80 at the close on 3 November 2026. It has been rising for 14 weeks. That is 2.0% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹696 and ₹1,274, and at that close it sat 63% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 6 weeks running. Over the last 5.5 years the share price moved +300% while the NIFTY 500 moved +75%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 28 September 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Lodha this quarter? Three changes stood out: revenue up on a year earlier for 12 quarters in a row (every quarter we can compare), profit up on a year earlier for 10 quarters in a row and operating margin up 4 points on a year earlier. 1. Revenue up on a year earlier for 12 quarters in a row (every quarter we can compare) In the September 2026 quarter revenue was ₹4,467 crore, +17.6% on a year earlier. 2. Profit up on a year earlier for 10 quarters in a row In the September 2026 quarter profit was ₹1,014 crore, +28.4% on a year earlier. 3. Operating margin up 4 points on a year earlier 33% in the September 2026 quarter, from 29%. ## What are Lodha's latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), Lodha reported revenue of ₹4,467 crore, up 17.6% from ₹3,798 crore a year earlier, and a profit of ₹1,014 crore, up 28.4% from ₹790 crore. ### Lodha results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹4,467 crore | ₹3,798 crore | +17.6% |
| Profit | ₹1,014 crore | ₹790 crore | +28.4% |
| Earnings per share | ₹10.14 | ₹7.90 | +28.4% |
| Operating margin | 33.0% | 29.0% | +4.0 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). The newest call in our records is from 29 September 2026, about April to June 2026; a call about these results is not in our records yet. (From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.)

## What is the Lodha share price history? Lodha closed at ₹1,060.80 on 3 November 2026, down 11.4% from ₹1,197.90 a year earlier (31 October 2025) and up 81.3% over five years. Its highest weekly close since April 2021 was ₹1,594.80 on 21 June 2024. ### Lodha share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹963.00 | +10.2% |
| 1 month ago · 1 Oct 2026 | ₹1,105.60 | −4.1% |
| 6 months ago · 30 Apr 2026 | ₹897.90 | +18.1% |
| 1 year ago · 31 Oct 2025 | ₹1,197.90 | −11.4% |
| 3 years ago · 3 Nov 2023 | ₹849.45 | +24.9% |
| 5 years ago · 4 Nov 2021 | ₹584.98 | +81.3% |
| Earliest and lowest weekly close in our records · 23 Apr 2021 | ₹265.35 | +299.8% |
| Highest weekly close since April 2021 · 21 Jun 2024 | ₹1,594.80 | −33.5% |
| 52-week high (weekly close) · 28 Aug 2026 | ₹1,274.00 | −16.7% |
| 52-week low (weekly close) · 2 Apr 2026 | ₹696.05 | +52.4% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (296 weekly closes from 23 April 2021 to 3 November 2026.)

## What is the latest news on Lodha? 3 Nov 2026: Lodha closed at ₹1,060.80, up 10.2% on the week and down 4.1% on the month. Results for July to September 2026: Revenue up 17.6% and profit up 28.4% on a year earlier. ### Earlier

- 29 Sep 2026: Lodha held its results call for April to June 2026. Management guided: Devco profit growth at 20% yearly growth: ₹4,100-4,200 crore this year, above ₹5,000 crore next year and more than ₹8,500 crore by FY31. - 7 Aug 2026: ex-date for a dividend of ₹4.25 a share. ## What dividend does Lodha pay? Lodha paid ₹4.25 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.40% at the ₹1,060.80 close on 3 November 2026. The last was a dividend of ₹4.25 a share, ex-date 7 August 2026. ### Lodha dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 7 Aug 2026 | ₹4.25 | Dividend |
| 22 Aug 2025 | ₹4.25 | Dividend |
| 16 Aug 2024 | ₹2.25 | Dividend |
| 8 Sep 2023 | ₹1 | Dividend |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 3 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Lodha Developers Ltd paid out 12% of its profit as dividends in FY26, and it paid a dividend in 4 of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Lodha management say on the latest results call? On the call for April to June 2026, held on 29 September 2026, Lodha's management guided: Devco profit growth at 20% yearly growth: ₹4,100-4,200 crore this year, above ₹5,000 crore next year and more than ₹8,500 crore by FY31. > “We do not want to run ahead of ourselves, enter something that we do not know, and start promising it.”
> Anand Kumar, on the call for April to June 2026

### What management guided

- ROE near 20% by decade-end; Devco net cash positive within 2-3 years; Palava Landco NPV ₹75,000-80,000 crore over several decades. - Top-line growth at 17%-18% yearly growth. - Devco operating margin to mid-30s or slightly above by decade-end. - Rentco rental income above ₹3,000 crore by FY32, including close to ₹1,000 crore from warehousing/high-street and ₹2,000-2,500 crore from data centers; related non-data-center capital spending around ₹1,800 crore. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/6258-29-Sep-2026.pdf). (From the call for April to June 2026, 29 September 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.)

## What is the future of Lodha? What is changing in the business? What is changing at Lodha, from the latest results and calls: residential launch conversion, margin and pricing and data-centre land and powered shells. - Residential launch conversion. The annual plan depends on launches and sales converting across Mumbai, Bengaluru, Pune and NCR. ✓ fact
- Margin and pricing. Price increases and product mix can support margins, but current profitability also reflects land-sale timing. ⚠ estimate
- Data-centre land and powered shells. The data-centre park could add land monetisation and rental income if power-shell leasing and funding execute. ✓ fact
- Deleveraging and cash allocation. Free cash flow has primarily gone toward debt reduction, improving resilience if collections recover. ✓ fact

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown. (Our read after the April to June 2026 results, written 22 August 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.)

## What could change the Lodha story? What are the risks? I would exit the thesis if residential launches and collections miss while operating margin falls below the guided full-year range, because that would show that peak profitability and the planned growth runway are not converting. ### Each change stops working if

- Residential launch conversion: Launches move beyond the stated fiscal-year calendar or sales fail to meet the next quarterly milestone. - Margin and pricing: Embedded margins fall below the guided range after land-sale timing normalises. - Data-centre land and powered shells: No power-shell lease is signed within the stated horizon or incremental leverage rises materially. - Deleveraging and cash allocation: Receivables continue to rise faster than revenue and debt increases without matching operating cash flow. ### The main risks

- Working-capital absorption: Receivables have absorbed cash despite rising profit. ⚠ estimate
- Data-centre execution: The powered-shell opportunity relies on leasing, power availability and funding discipline. ⚠ estimate
- Construction-cost inflation: Energy-intensive inputs could reduce project economics if the geopolitical disruption persists. ⚠ estimate

(Our read after the April to June 2026 results, written 22 August 2026. The July to September 2026 results are out since, so this part may be out of date until we update it.)

## What to watch in Lodha's next results? When Lodha reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: First data-center BTS signing within the stated near-term window - check client, box and economics disclosure. - What to check (from the call)
- First data-center BTS signing within the stated near-term window - check client, box and economics disclosure. - H1 delivery against the flagged annual-guidance share - check Q2 launch contribution and Bangalore execution. - NCR pilot launches - check first-project response and early sales, not just launch completion. - Palava-Airoli freeway commissioning - check timing and early pricing or demand response. ## Which stock lists is Lodha on? Lodha is on one of our India lists: Real estate, REIT & cement. [Real estate, REIT & cement Group on the list: Home and office developers](https://www.sectoralpha.in/sectors/real-estate-stocks-india)

## Is Lodha profitable? Lodha Developers Ltd earned ₹1,014 Cr of net profit in the Sep 2026 quarter, +28.4% on the same quarter a year earlier. That is the 10th quarter in a row of profit growth. Full-year FY26 profit was ₹3,431 Cr. Over 10 years profit has grown 17.2% a year on average. That is 22.7% of the quarter's revenue. The same quarter a year earlier earned ₹790 Cr. For the full year, FY26 profit was ₹3,431 Cr (+24.0% on the year before). Why profit moved: revenue changed +17.6% on a year earlier and the margin moved +4.0 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +35.6% and revenue +21.7%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. FY26-Q4. Revenue 4714 cr, PAT 1008 cr, OPM 30%, this review produced no quarter-level why; see the levers. FY27-Q1. Revenue 4997 cr, PAT 1373 cr, OPM 38.5%, this review produced no quarter-level why; see the levers. Why-sources: our stock research file (13 September 2026) and the company’s own results for those quarters. ## How much revenue does Lodha make, and is it growing? Lodha Developers Ltd reported ₹4,467 Cr of revenue in the Sep 2026 quarter, +17.6% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 7.3% a year on average. The last full year, FY26, came in at ₹16,676 Cr. The last four reported quarters add to ₹18,850 Cr. FY26 revenue was ₹16,676 Cr, +21.0% on the year before. Recent pace: the last four quarters grew +21.7% on average, against 7.3% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +20.9%, against +23.2% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +30.6%, against +45.0% a year (rolling over). FY26-Q4. Revenue 4714 cr, PAT 1008 cr, OPM 30%, this review produced no quarter-level why; see the levers. FY27-Q1. Revenue 4997 cr, PAT 1373 cr, OPM 38.5%, this review produced no quarter-level why; see the levers. Why-sources: our stock research file (13 September 2026) and the company’s own results for those quarters. ## How much of every ₹100 of sales does Lodha keep? Lodha Developers Ltd's operating margin was 33.0% in the Sep 2026 quarter, 4.0 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 13 years it has been between 15.0% and 30.0%. The latest quarter is above every full year in that period. Why the margin moved: operating margin changed +4.1 percentage points on the year while gross margin changed +1.4 points. So the gain came mostly from costs below the gross margin, such as staff and overheads, measured against sales. As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead. FY26-Q4. Revenue 4714 cr, PAT 1008 cr, OPM 30%, this review produced no quarter-level why; see the levers. FY27-Q1. Revenue 4997 cr, PAT 1373 cr, OPM 38.5%, this review produced no quarter-level why; see the levers. Why-sources: our stock research file (13 September 2026) and the company’s own results for those quarters. ## Is Lodha's profit turning into cash? Over the last 3 years, 65% of Lodha Developers Ltd's reported profit came in as cash from its operations, so most of the profit is real cash. In FY26 it brought in ₹959 Cr of operating cash against ₹3,431 Cr of profit. After ₹1,624 Cr of spending on assets, free cash was −₹665 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why: the cash figure is clear, but the day counts behind it are not in our data, so we show it without guessing the reason. What to look at next: the main use of cash is spending on assets. The next section checks what that spending is building. ## Where does Lodha's cash go? Lodha Developers Ltd's customer, stock and supplier day counts come out in the thousands of days on sales this small (₹16,676 Cr in FY26), so no cash-cycle chart is drawn and this section looks at its spending on assets instead. It spent ₹1,644 Cr on assets over the last 3 years. Averaged over those years that is 3.3% of FY26 revenue a year. Spending on assets: ₹1,644 Cr over the last 3 years, against ₹821 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹10.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is Lodha's P/E ratio, and how does it compare with its own history? Lodha Developers Ltd's P/E is 24.4×, about the lowest it has ever been. Its usual P/E (the middle reading) is 44.1×, over 5.5 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks. Why the multiple is where it is: over the past year earnings per share moved +23.9% while the price moved −11.4%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 5 years the price moved +12.6% a year; about +33.5% a year came from earnings growth and about −20.9 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## What growth does the Lodha share price assume? Worked out from its price on 26 August 2026, Lodha Developers Ltd's share price assumed profit growth of about 18.3% a year. Over the past 10 years its profit actually grew 17.2% a year. Today its P/E is 24.4×, lower than 98% of its own last 5.5 years. This is a one-day reading, taken on 26 August 2026. Every other number on this page, the multiple included, uses the latest price as of 3 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements. ## Is the Lodha business getting better or worse? Lodha Developers Ltd's business is growing steadily. Revenue, profit and EPS growth have stayed positive throughout, and ROCE is steady at 22.3%. This is based on 12 quarters of 4 measures. Why it matters: steady growth with healthy returns is how a business compounds over time. ## What is the Lodha story, and has it been checked? Lodha Developers Ltd's story is not scored yet against the checks our research set on 13 September 2026. Where it sits in its own cycle: mixed. Checks so far: 12 not due yet. What is not proven yet. L12 data-centre powered-shell economics, no lease signed, no rental income until FY29, and the self-funding arithmetic rests on a land-value goal (Rs 70cr per acre) raised without a supporting transaction. · The promised free-cash-flow step-up from the front-loaded business-development spend, FY26 free cash flow was Rs 179cr (down from Rs 1,613cr) and the step-up exists only as guidance. the first launch keeps sitting in 'the second half'. The test written in advance. Q2 FY27 residential pre-sales, Q2 below Rs 5,000cr or H1 below 40% of the goal, the 'it was only launch timing' explanation was wrong. Measured by: Q2 FY27 residential pre-sales by FY27-Q2 (reported late Oct 2026). The test written in advance. FY27 embedded EBITDA margin (ex-land 'early 30s'; full-year range 32-34%), Embedded margin below 32%, the Q1 uplift was the peak and the margin leg reverses. Measured by: FY27 embedded EBITDA margin (ex-land 'early 30s'; full-year range 32-34%) Q1 FY27 adjusted EBITDA margin 43% (land-timing-flattered); four-quarter operating margin 32.22% by FY27-Q2 through FY27-Q4, decisive at FY27-Q4 (Apr 2027). The test written in advance. FY27 profit after tax, FY27 PAT materially below Rs 4,100cr. Measured by: FY27 profit after tax by FY27-Q4 (Apr 2027). Lever 14 · A bigger market to serve: working now. Revenue Rs 18,181cr vs Rs 14,425cr in the prior four quarters (+26.0%), with every quarter up year on year (Sep-25 +44.6%, Dec-25 +14.4%, Mar-26 +11.6%, Jun-26 +43.1%); the revenue leg contributed Rs 1,097cr of the Rs 1,436cr pre-tax profit increase. What proves it keeps working: revenue for the quarter was at INR 50 billion, up 43% year-on-year (call 27 July 2026). Lever 2 · Value-added mix: building. Four-quarter operating margin 29.21% to 32.22% (+3.0pp, margin leg Rs 547cr); Q1 FY27 adjusted EBITDA margin (operating profit before depreciation, as a share of revenue) 43% vs 34.4% a year ago; land sales of about Rs 1,200cr of pre-sales carrying roughly Rs 600cr of the Rs 1,373cr PAT; premium and luxury almost 60% of Q1 sales. What proves it keeps working: that's got to do with the fact that we've done in this quarter approximately half of the land sales that we would expect to do in the year. So that sort of forward loading has moved the margins up (call 27 July 2026). It stops working if Management guided full-year margins back to the early 30s (within the 32-34% range), said land sales cannot be forecast quarter to quarter, and FY26 EBITDA margin compressed versus FY25 on lower land sales. Sources: our results-season review, 13 September 2026. The story check is re-scored every results season; the record below never changes. ## Did Lodha management deliver what it promised? What Lodha Developers Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met. Non-data-center rental milestone pushed out · 27 July 2026. Management's non-data-center annuity milestone appears to have moved out by one year. In Apr 2026, it said existing retail, office and warehousing assets would generate about INR10 billion annually by fiscal '31 excluding data centers; in Jul 2026, it allocated only about INR10 billion to those categories by fiscal 2032, with no explanation for the timing change. NCR launch timing moved into the full-year plan · 27 July 2026. The NCR launch assumption changed materially between the calls. In Apr 2026, management excluded the potential NCR launches from the launch guidance and expected them in Q4 of this fiscal or early fiscal 2028; in Jul 2026, it included the first NCR launch in the full-year calendar and said it would occur in the second half of this fiscal, without explaining the acceleration or readiness change. Construction-cost impact estimate materially changed · 27 July 2026. Management's quantified assessment of Middle East-related construction cost risk was materially reduced in Jul 2026. In Apr 2026, it cited a 3% to 5% construction-cost increase and up to 1.7% margin impact if persistent through the construction cycle, whereas the latest call cited only a 1% to 1.5% cost increase for a full year and 35 to 75 basis points of project EBITDA impact; it did not reconcile the revised numbers even though the conflict had lasted beyond the earlier assumed resolution. Palava Freeway Completion Goal Misses · 27 April 2026. In the Oct 2025 call, management said the Palava-Airoli-Mulund freeway was nearly complete and would be 'operational next quarter' (by January 2026), directly linking its opening to a sales step-up in the extended eastern suburbs. By the Jan 2026 call this had slipped to '3 to 4 months,' and in the Apr 2026 call it remains unopened, now expected in '2-3 months', a 6+ month cumulative overrun. Management itself acknowledged in Q4 that infrastructure delays 'definitely impacted' FY26 sales, yet no specific explanation is provided for why the timeline has kept shifting each quarter. Later call (Apr 2026): “It is expected that the Palava-Airoli-Mulund freeway will be operational imminently, within the next 2-3 months, unless the monsoon pushes it to post-monsoon, but we hope it is pre-monsoon.”

Every quote above is taken word for word from the company’s own earnings calls. ## What is Lodha management's track record? The observation letter refers to required disclosure of enforcement actions but does not identify an actual current action; the live sweep found no company-specific SEBI order. 0% Promoter shares pledged

Sources:

- [stockanalysis.com](https://stockanalysis.com/quote/nse/LODHA/)
- [lodhagroup.com](https://www.lodhagroup.com/sites/default/files/2025-12/Observation_letters.pdf)
- [hdfcsky.com](https://hdfcsky.com/stocks/macrotech-developers-ltd)

(Checked 30 August 2026.)

## How much does Lodha earn on its capital? Lodha Developers Ltd earned a ROCE of 16% in FY26. That is up from a low of 6% in FY20. Its return on capital used (ROIC) is 3.7 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 20.6% net margin and 0.28× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 20.6% net margin × 0.28× asset turnover × 2.52× leverage (assets divided by equity) ≈ 14.5% on equity. The margin does most of the work; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 15.7% − 12.0% = +3.7 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error. The 15.7% ROIC above is the latest reading, as reported. The yearly chart below shows FY26 at 14.7%, and the quarterly chart works out each 12-month window from the quarterly figures, so the readings differ by date, not by method. ## Does Lodha have too much debt? Lodha Developers Ltd has total debt of ₹10,429 Cr against shareholder equity of ₹25,358 Cr as of Sep 2026, so its debt is 0.41× its equity. Year by year, that ratio went from 0.95 in FY22 to 0.42 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the Lodha shareholding pattern? Promoters cut their stake in Lodha Developers Ltd by 1.8 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 70.3% of the company. Foreign institutions moved +1.1 points over the same period, to 25.3%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Promoters: −1.8 points over 8 quarters, to 70.3%; Foreign institutions: +1.1 points over 8 quarters, to 25.3%; Domestic institutions: −0.2 points over 8 quarters, to 2.5%. Why the owners changed: promoters drove it (−1.8 points), with the other side taken by foreign institutions (+1.1 points). They reduced their stake. ## How far is Lodha from balance-sheet trouble? For Lodha Developers Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Lodha rank in its industry? 74.6 out of 100, rank 1 of 7 in Realty - National, with 100% of the evidence available. Lodha Developers Ltd scores 74.6 out of 100 against the 7 companies it is compared with in Realty - National, ranking 1. Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. The four parts add up to the total exactly: 27.4 + 18.6 + 13.2 + 15.4 = 74.6. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Lodha compared with? Lodha ranks 1 of 7 Realty - National companies on the 4-Factor Sector Score, with 74.6 out of 100. 1. Lodha Developers Ltd this page LODHA · quiet · Most evidence points up · 100% evidence 74.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.4/35 · Revenue 20.9% · Profit 30.6% · Operating margin change 4 points · 100% evidence Capital efficiency 18.6/25 · ROCE 16.4% · Operating margin 33% · 100% evidence Valuation 13.2/20 · P/E 23.8× · PEG 2.08 · 100% evidence Relative strength 15.4/20 · Lead over its industry 9.9% · Lead over NIFTY 500 5.4% · 1 year -13.4% · 100% evidence · 8 of 12 weeks ahead Exact sum: 27.4 + 18.6 + 13.2 + 15.4 = 74.6 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Prestige Estates Projects Ltd](https://www.sectoralpha.in/stocks/prestige-estates-projects-ltd) PRESTIGE · basing · Evidence leans up · 63% evidence 57.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.8/35 · Revenue 67.5% · Profit 100% · Operating margin change -6 points · 83% evidence Capital efficiency 14.6/25 · ROCE 10.4% · Operating margin 32% · 76% evidence Valuation 7.2/20 · P/E 55× · PEG n/a · 50% evidence Relative strength 10.9/20 · Lead over its industry n/a · Lead over NIFTY 500 1.8% · 1 year -16.7% · 25% evidence · 5 of 12 weeks ahead Exact sum: 24.8 + 14.6 + 7.2 + 10.9 = 57.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Brigade Enterprises Ltd](https://www.sectoralpha.in/stocks/brigade-enterprises-ltd) BRIGADE · quiet · Evidence leans up · 82% evidence 53.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.7/35 · Revenue -4.3% · Profit 2.5% · Operating margin change 11 points · 95% evidence Capital efficiency 16.6/25 · ROCE 10.5% · Operating margin 35% · 76% evidence Valuation 10.9/20 · P/E 24.1× · PEG n/a · 50% evidence Relative strength 13.4/20 · Lead over its industry -0.9% · Lead over NIFTY 500 -4.7% · 1 year -32.3% · 100% evidence · 9 of 12 weeks ahead Exact sum: 12.7 + 16.6 + 10.9 + 13.4 = 53.6 · What this means: Relative strength against the index is -4.7%, and revenue and profit growth are weak. 4. [Godrej Properties Ltd](https://www.sectoralpha.in/stocks/godrej-properties-ltd) GODREJPROP · quiet · Evidence leans down · 75% evidence 44.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.4/35 · Revenue 50% · Profit -13.3% · Operating margin change 56 points · 95% evidence Capital efficiency 9.7/25 · ROCE 7.6% · Operating margin -24% · 76% evidence Valuation 10.3/20 · P/E 34.6× · PEG n/a · 15% evidence Relative strength 4.0/20 · Lead over its industry -6.4% · Lead over NIFTY 500 -10.1% · 1 year -31.5% · 100% evidence · 4 of 12 weeks ahead Exact sum: 20.4 + 9.7 + 10.3 + 4 = 44.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [DLF Ltd](https://www.sectoralpha.in/stocks/dlf-ltd) DLF · turning · Evidence leans down · 85% evidence 42.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 6.6/35 · Revenue -29.3% · Profit 6.6% · Operating margin change -15.2 points · 100% evidence Capital efficiency 6.9/25 · ROCE 6.3% · Operating margin 1.8% · 100% evidence Valuation 16.3/20 · P/E 37.2× · PEG 0.86 · 100% evidence Relative strength 12.5/20 · Lead over its industry n/a · Lead over NIFTY 500 13.3% · 1 year -8.6% · 25% evidence · 9 of 12 weeks ahead Exact sum: 6.6 + 6.9 + 16.3 + 12.5 = 42.3 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 6. [Sobha Ltd](https://www.sectoralpha.in/stocks/sobha-ltd) SOBHA · quiet · Most evidence points down · 93% evidence 34.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 18.4/35 · Revenue 9.5% · Profit 27.3% · Operating margin change 0 points · 100% evidence Capital efficiency 6.8/25 · ROCE 6.9% · Operating margin 7% · 100% evidence Valuation 3.5/20 · P/E 63× · PEG 5.53 · 65% evidence Relative strength 5.6/20 · Lead over its industry -11.1% · Lead over NIFTY 500 -14.2% · 1 year -30.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 18.4 + 6.8 + 3.5 + 5.6 = 34.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Aditya Birla Real Estate Ltd](https://www.sectoralpha.in/stocks/aditya-birla-real-estate-ltd) ABREL · quiet · Most evidence points down · 64% evidence 33.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.0/35 · Revenue 39.7% · Profit 100% · Operating margin change 94 points · 71% evidence Capital efficiency 5.5/25 · ROCE -4.5% · Operating margin 19% · 76% evidence Valuation 10.0/20 · P/E n/a · PEG n/a · 0% evidence Relative strength 1.0/20 · Lead over its industry -20% · Lead over NIFTY 500 -23.2% · 1 year -46.5% · 100% evidence · 4 of 12 weeks ahead Exact sum: 17 + 5.5 + 10 + 1 = 33.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Realty - National](https://www.sectoralpha.in/sectors/realty-national), all 7 compared on one page. ## Which companies are close to Lodha in size? Lodha is the 2nd largest of 7 Realty - National companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: DLF. Just below it: Prestige Estates Projects, Godrej Properties, Brigade Enterprises, Sobha and Aditya Birla Real Estate. ### Realty - National companies close in size

1. [DLF Ltd](https://www.sectoralpha.in/stocks/dlf-ltd) ₹1,71,180 crore
2. Lodha Developers Ltd ₹1,03,642 crore
3. [Prestige Estates Projects Ltd](https://www.sectoralpha.in/stocks/prestige-estates-projects-ltd) ₹62,598 crore
4. [Godrej Properties Ltd](https://www.sectoralpha.in/stocks/godrej-properties-ltd) ₹47,232 crore
5. [Brigade Enterprises Ltd](https://www.sectoralpha.in/stocks/brigade-enterprises-ltd) ₹17,199 crore
6. [Sobha Ltd](https://www.sectoralpha.in/stocks/sobha-ltd) ₹12,031 crore
7. [Aditya Birla Real Estate Ltd](https://www.sectoralpha.in/stocks/aditya-birla-real-estate-ltd) ₹11,213 crore

[All 7 Realty - National companies, largest first](https://www.sectoralpha.in/sectors/realty-national#all-companies)

### Companies close in size in other industries

1. [One 97 Communications Ltd](https://www.sectoralpha.in/stocks/one-97-communications-ltd) ₹1,04,984 crore · E-Commerce - Platform - Utility
2. [Marico Ltd](https://www.sectoralpha.in/stocks/marico-ltd) ₹1,04,016 crore · FMCG - Personal Care
3. Lodha Developers Ltd ₹1,03,642 crore
4. [Power Finance Corporation Ltd](https://www.sectoralpha.in/stocks/power-finance-corporation-ltd) ₹1,03,491 crore · Finance - PSU Lending
5. [Hero MotoCorp Ltd](https://www.sectoralpha.in/stocks/hero-motocorp-ltd) ₹1,03,424 crore · Auto - 2 & 3 Wheelers

## Quarterly scorecard? Our Lodha Developers Ltd research of 13 September 2026 set 12 checks, and every results season scores each one. No results season has been scored against them yet. A row is permanent: a miss stays on the record after it is fixed. ## What else do people ask about Lodha? ### What is Lodha's share price today? Lodha Developers Ltd's share price is ₹1,060.80, −11.4% over the past year. The whole company is worth ₹1,06,021 Cr on the market. In the last 52 weeks it traded between ₹696 to ₹1,274; today it is 63% of the way up from the low, 2.0% below its 200-day average (as of 3 November 2026). ### What were Lodha's latest quarterly results? Lodha Developers Ltd reported revenue of ₹4,467 Cr and net profit of ₹1,014 Cr for the Sep 2026 quarter. Revenue rose 17.6% and profit rose 28.4% compared with a year earlier. Earnings per share were ₹10.14. The operating margin was 33.0%, 4.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Lodha's market cap? Lodha Developers Ltd's market capitalisation is ₹1,06,021 Cr at a share price of ₹1,060.80. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Lodha performing? Lodha Developers Ltd's share price has been rising for 14 weeks. In its latest quarter, revenue rose 17.6% and profit rose 28.4% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 6 weeks running (as of 3 November 2026). ### Will Lodha's share price go up? This page does not forecast Lodha Developers Ltd's share price. What it shows instead: the share price is ₹1,060.80, and it has been rising for 14 weeks. Its P/E of 24.4× is higher than 2% of its own last 6 years (as of 3 November 2026). ### Does Lodha have too much debt? Lodha Developers Ltd has a moderate amount of debt: its debt is 0.42× its equity, and its operating profit is 8 times its interest bill. FY26 borrowings were ₹9,896 Cr against equity of ₹23,286 Cr. Keep that borrowing in mind when reading the returns on this page (as of 3 November 2026). ### Where is Lodha in its business cycle? Lodha Developers Ltd's FY26 operating margin was 30.0%, against a 13-year range of 15.0% to 30.0%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 33.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Lodha story? The main question: yearly earnings per share moved +23.9% while the share price moved −11.4%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Lodha a stock worth studying right now? What the numbers show: Lodha Developers Ltd's results are improving, while its P/E is near the low end of its own history over 5.5 years, higher than only 2% of past readings. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Lodha share price forecast for 2026? What management itself guided: Devco profit growth at 20% yearly growth: ₹4,100-4,200 crore this year, above ₹5,000 crore next year and more than ₹8,500 crore by FY31. What is changing at Lodha, from the latest results and calls: residential launch conversion, margin and pricing and data-centre land and powered shells. What would change the story: I would exit the thesis if residential launches and collections miss while operating margin falls below the guided full-year range, because that would show that peak profitability and the planned growth runway are not converting. ### Where does this page get Lodha's management information? From Lodha's results calls, its filings and public records on governance, each dated on the page. Management’s plans are shown as plans, never as results. ## Lists

- Real estate, REIT & cement: https://www.sectoralpha.in/sectors/real-estate-stocks-india

This is research, not advice. We’re not SEBI-registered.