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India's largest listed residential real-estate developer, focused on Mumbai housing plus expansion into other cities and the UK.
India's largest listed residential real-estate developer, focused on Mumbai housing plus expansion into other cities and the UK.
Sells apartments before they are finished, collecting cash in installments as construction progresses, and books profit as projects complete. A planned township east of Mumbai, Palava, with industrial and logistics parks alongside, extends the model. The promoter Lodha family controls it.
In one line: India's Lennar/Toll Brothers for luxury and mass housing.
Moat: narrow (brand, scale, distribution). Large land bank and strong brand in Mumbai's premium housing market.
Headquarters: Mumbai, India · Founded: 1980 · Employees: 25,986
Size Lodha Developers (LODHA.NS) is an India Real Estate company (Real Estate Development) with a market value of $12.5B, the 92nd largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,179 on 6 Nov 2026.
Performance Over six months the shares gained 21.9%, against 0.0% for the median peer and 0.0% for the India market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 20.9% over the last twelve months (peer median +4.8%); the operating margin is 31.2% (peer median 28.2%).
Valuation It trades at 27.0× forward earnings against a peer median of 18.3× (7th most expensive of 20).
Next results Next results expected around 26 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹189B | ₹167B | ₹138B | ₹103B | ₹94.7B |
| Revenue growth | — | +21% | +34% | +9% | — |
| Gross profit | ₹72.1B | ₹58.8B | ₹47.1B | ₹34.4B | ₹28.9B |
| EBITDA | ₹62.4B | ₹50.6B | ₹41.0B | ₹27.4B | ₹9.28B |
| Net income | ₹43.5B | ₹34.3B | ₹27.6B | ₹15.5B | ₹4.87B |
| Free cash flow | n/a | ₹517M | ₹4.77B | ₹15.6B | ₹15.6B |
| Capital expenditure | n/a | ₹2.50B | ₹4.74B | ₹1.70B | ₹904M |
| Total debt | ₹104B | ₹99.0B | ₹70.9B | ₹77.0B | ₹90.6B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Lodha Developers LODHA.NS | $12.5B | +22% | +21% | 31% | 27.0× | n/a |
| DLF DLF.NS | $19.7B | +22% | -29% | 13% | 38.3× | n/a |
| Godrej Properties GODREJPROP.NS | $5.77B | -4% | +17% | 21% | 24.5× | n/a |
| Prestige Estates Projects PRESTIGE.NS | $7.42B | +10% | +66% | 24% | 38.5× | n/a |
| Oberoi Realty OBEROIRLTY.NS | $6.66B | +4% | +16% | 57% | 20.0× | n/a |
| Sunteck Realty SUNTECK.NS | $463M | -14% | +45% | 29% | 15.8× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | LODHA.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.3% | +8.0% | 8th lowest of 21 |
| 6-month return | +21.9% | 0.0% | 2nd highest of 21 |
| Distance from 52-week high | -12.3% | -12.5% | 11th highest of 21 |
| Revenue growth (TTM) | +20.9% | +4.8% | 5th highest of 21 |
| Operating margin | 31.2% | 28.2% | 10th highest of 21 |
| Forward P/E | 27.0× | 18.3× | 7th most expensive of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Lodha Developers LODHA.NS | India | $12.5B | +22% | +21% | 31% | 27.0× | n/a | n/a |
| Wharf Reic 1997.HK | Hong Kong | $12.6B | +24% | -1% | 73% | 14.8× | n/a | n/a |
| China Res Mixc 1209.HK | Hong Kong | $12.1B | -14% | +10% | 28% | 18.4× | n/a | n/a |
| Sino Land 0083.HK | Hong Kong | $12.8B | -20% | +15% | 34% | 20.4× | n/a | n/a |
| Swiss Prime Site SPSN.SW | Switzerland | $13.0B | +1% | -12% | 76% | 31.7× | n/a | n/a |
| Klepierre LI.PA | France | $11.6B | +8% | +3% | 63% | 13.1× | n/a | n/a |
| China Merchants Shekou Industrial Zone 001979.SZ | China | $10.4B | -10% | -22% | 1% | 69.7× | n/a | n/a |
| Poly Developments & 600048.SS | China | $10.1B | -9% | -4% | 4% | 48.6× | n/a | n/a |
| Vonovia VNA.DE | Germany | $16.1B | -24% | -17% | 40% | 9.4× | n/a | n/a |
| Hulic 3003.T | Japan | $9.16B | +7% | +25% | 23% | 11.5× | n/a | n/a |
| Jones Lang LaSalle JLL | United States | $16.9B | +12% | +11% | 5% | 13.4× | n/a | n/a |
| Hongkong Land H78.SI | Singapore | $17.7B | -1% | -25% | 23% | 20.9× | n/a | n/a |
| PSP Swiss Property PSPN.SW | Switzerland | $8.73B | +5% | +44% | 68% | 27.9× | n/a | n/a |
| Henderson Land 0012.HK | Hong Kong | $18.3B | -12% | +46% | 20% | 17.2× | n/a | n/a |
| China Overseas 0688.HK | Hong Kong | $18.4B | -13% | +4% | 11% | 10.2× | n/a | n/a |
| Sumitomo Realty & Development C 8830.T | Japan | $18.8B | -34% | +5% | 29% | 12.8× | n/a | n/a |
| Phoenix Mills PHOENIXLTD.NS | India | $8.13B | +18% | +13% | 52% | 52.0× | n/a | n/a |
| Swire Properties 1972.HK | Hong Kong | $19.4B | +4% | +6% | 49% | 18.3× | n/a | n/a |
| Wharf (Holdings) 0004.HK | Hong Kong | $7.92B | -32% | -1% | 41% | 15.7× | n/a | n/a |
| DLF DLF.NS | India | $19.7B | +22% | -29% | 13% | 38.3× | n/a | n/a |
| Compass COMP | United States | $7.84B | +17% | +68% | 0% | n/a | n/a | n/a |