Lodha Developers Ltd.
Realty · NSE
52-week range
₹651 – ₹1,526
From 52w high
-37.0%
RSI (14)
66.1
vs SMA 50 / 200
↑ 50 · ↓ 200
Lodha Developers (LODHA) trades at ₹956.60, down 26.29% over the past 12 months and 37.31% below its 52-week high, while remaining above its 50-DMA (₹859.25) but 11% below its 200-DMA (₹1,076.68). Trailing PE stands at 27.93 with a forward PE of 20.12, ROE of 15.71%, and a debt-to-equity ratio of 42.24 — markedly high even within the capital-intensive Realty sector. Q4 FY26 net profit rose 9% year-on-year and management has guided ₹22,000–24,000 crore in housing sales launches for FY27.
- ✓Highest ROE among the 6 Realty peers with available data: LODHA at 15.71% vs Oberoi Realty (14.91%), Godrej Properties (9.97%), Phoenix Mills (11.06%), and Prestige Estates (6.32%).
- ✓Second-lowest trailing PE in the peer group at 27.93, behind only Oberoi Realty (24.83), compared to Phoenix Mills at 52.09 and Prestige at 66.42 — indicating relatively lower earnings-multiple pricing within the sector.
- ✓Free cash flow has been positive in 4 of the available historical years, indicating the business has generated cash despite its high debt load in most periods.
- ✓Q4 FY26 net profit grew 9% year-on-year and management publicly guided revenue monetisation of a land bank estimated at ₹2 lakh crore, providing a stated pipeline basis for forward earnings projections.
- ✗Debt-to-equity of 42.24 is the primary structural risk; this level of leverage means even modest increases in interest costs or demand softness can materially compress net margins and strain debt servicing.
- ✗The 52-week drawdown of 37.31% (₹956.60 vs 52-week high) combined with 9 months below the 200-DMA points to persistent selling pressure that has not reversed despite positive operational updates.
- ✗ROE has not been recorded above 15% in any historical year within the persistence dataset (roeYearsAbove15 = 0), raising the question of whether the current 15.71% reading marks an inflection or a one-year anomaly.
- ✗Quality score of 49 ranks 4th out of 6 sector peers; Oberoi Realty scores 65 and DLF scores 57, placing LODHA in the lower half of the peer group on the composite quality metric.
- ·Q4 FY26 results showed net profit up 9% on higher revenue, accompanied by a dividend declaration; following the results, analysts cut their price target to ₹1,219 according to Simply Wall St coverage dated 28 April 2026.
- ·Management has publicly guided for ₹22,000–24,000 crore in housing sales launches in FY27 and cited a land bank with potential revenue monetisation of approximately ₹2 lakh crore, per Economic Times and BusinessLine reporting from April–May 2026.
- ·Mean analyst rating is 1.50 across 18 analysts (1–5 scale, lower = more constructive), with the stock currently trading approximately 21% below the recently reduced consensus price target of ₹1,219.
- ?Does the debt-to-equity of 42.24 reflect project-level construction financing that is self-liquidating on delivery, or does it represent structural balance-sheet leverage that persists across cycles?
- ?With roeYearsAbove15 recorded as zero in the historical dataset yet the trailing ROE now at 15.71%, what changed in the most recent year — product mix, pricing power, or one-time items — and is that change repeatable?
- ?Given that news sentiment is net positive and management is guiding aggressive FY27 sales targets, what explains the 37.31% drawdown from 52-week highs, and what conditions would need to shift for price action to align with the fundamental guidance?
- ?How does LODHA's quality score of 49 (ranked 4th of 6 peers) reflect on its operational efficiency relative to Oberoi Realty (65) given they have comparable ROEs, and what structural differences account for that gap?
PE
27.9
Forward PE
20.1
ROE
+15.7%
Profit margin
+20.6%
D/E
42.24
Dividend yield
+0.4%
Quality score
49/100
ROE 5y above 15%
0/5 yrs
FCF 5y positive
4/5 yrs
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.Analysis generated 11 May 2026.