High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
Size: It is among the top 200 market size companies of india.
Profitability: Very strong Profitability. One year profit margin are 20%.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Growth: Awesome revenue growth! Revenue grew 20.8% over last year and 78.1% in last three years on TTM basis.
Balance Sheet: Reasonably good balance sheet.
Past Returns: Outperforming stock! In past three years, the stock has provided 16% return compared to 7.9% by NIFTY 50.
Momentum: Stock is suffering a negative price momentum. Stock is down -5.6% in last 30 days.
Smart Money: Smart money looks to be reducing their stake in the stock.
Valuation | |
|---|---|
| Market Cap | 89.46 kCr |
| Price/Earnings (Trailing) | 26.08 |
| Price/Sales (Trailing) | 5.23 |
| EV/EBITDA | 18.02 |
| Price/Free Cashflow | 126.16 |
| MarketCap/EBT | 20.51 |
| Enterprise Value | 96.64 kCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 17.12 kCr |
| Rev. Growth (Yr) | 9.5% |
| Earnings (TTM) | 3.43 kCr |
| Earnings Growth (Yr) | 9.2% |
Profitability | |
|---|---|
| Operating Margin | 25% |
| EBT Margin | 25% |
| Return on Equity | 14.64% |
| Return on Assets | 5.82% |
| Free Cashflow Yield | 0.79% |
Growth & Returns | |
|---|---|
| Price Change 1W | -4.5% |
| Price Change 1M | -5.6% |
| Price Change 6M | -19.4% |
| Price Change 1Y | -38.7% |
| 3Y Cumulative Return | 16% |
| 5Y Cumulative Return | 23.3% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -780.2 Cr |
| Cash Flow from Operations (TTM) | 959.3 Cr |
| Cash Flow from Financing (TTM) | 1.59 kCr |
| Cash & Equivalents | 2.7 kCr |
| Free Cash Flow (TTM) | 709.1 Cr |
| Free Cash Flow/Share (TTM) | 7.1 |
Balance Sheet | |
|---|---|
| Total Assets | 58.94 kCr |
| Total Liabilities | 35.51 kCr |
| Shareholder Equity | 23.43 kCr |
| Current Assets | 54.42 kCr |
| Current Liabilities | 31.11 kCr |
| Net PPE | 969.6 Cr |
| Inventory | 40.25 kCr |
| Goodwill | 212.8 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.17 |
| Debt/Equity | 0.42 |
| Interest Coverage | 5.64 |
| Interest/Cashflow Ops | 2.46 |
Dividend & Shareholder Returns | |
|---|---|
| Dividend/Share (TTM) | 4.25 |
| Dividend Yield | 0.48% |
| Shares Dilution (1Y) | 0.10% |
| Shares Dilution (3Y) | 3.7% |
Size: It is among the top 200 market size companies of india.
Profitability: Very strong Profitability. One year profit margin are 20%.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Growth: Awesome revenue growth! Revenue grew 20.8% over last year and 78.1% in last three years on TTM basis.
Balance Sheet: Reasonably good balance sheet.
Past Returns: Outperforming stock! In past three years, the stock has provided 16% return compared to 7.9% by NIFTY 50.
Momentum: Stock is suffering a negative price momentum. Stock is down -5.6% in last 30 days.
Smart Money: Smart money looks to be reducing their stake in the stock.
Investor Care | |
|---|---|
| Dividend Yield | 0.48% |
| Dividend/Share (TTM) | 4.25 |
| Shares Dilution (1Y) | 0.10% |
| Earnings/Share (TTM) | 34.34 |
Financial Health | |
|---|---|
| Current Ratio | 1.75 |
| Debt/Equity | 0.42 |
Technical Indicators | |
|---|---|
| RSI (14d) | 60.78 |
| RSI (5d) | 28.07 |
| RSI (21d) | 42.29 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Buy |
| RSI Signal | Hold |
| RSI5 Signal | Buy |
| RSI21 Signal | Hold |
| SMA 5 Signal | Buy |
| SMA 10 Signal | Sell |
| SMA 20 Signal | Buy |
| SMA 50 Signal | Buy |
| SMA 100 Signal | Buy |
Summary of Macrotech Developers's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
Management's outlook for Lodha Developers Limited for FY '27 is optimistic, projecting presales of approximately INR 240 billion, which is an increase from FY '26's INR 205 billion. They anticipate an embedded EBITDA margin between 32% and 34%. The company is guiding for a PAT growth of around 20%, aiming to move from INR 34 billion in FY '26 to over INR 85 billion by FY '31.
Significantly, during the earnings call, management highlighted several forward-looking points:
Market Expansion: Lodha acknowledges the significant opportunities in NCR, having acquired two land pieces in Gurgaon with an expected GDV of around INR 33 billion. They plan to initiate operations there in FY '27, using a pilot and scale approach.
Infrastructure Development: The completion of key infrastructure projects, including the Navi Mumbai International Airport and the upcoming Palava-Airoli freeway, is expected to enhance residential sales significantly, with projections of strong growth in Palava's residential segment.
Debt Management: The company's net debt is at INR 53.8 billion, with a debt-to-equity ratio of 0.23x. Management is committed to reducing leverage, potentially achieving zero net debt in the DevCo part of the business over the next few years.
Data Centers: Lodha is planning to develop an extensive data center on 400 acres of land at Palava, with expectations of generating substantial revenue from land sales and rental income starting in FY '29.
Sales and Rental Income Growth: The company expects annual rental income from existing assets to reach INR 10 billion by FY '31, aiming for a 10-fold increase in rental income from FY '26 levels.
In summary, management expresses confidence in navigating macro challenges while capitalizing on long-term structural growth opportunities within the Indian housing market.
Question 1: Gaurav Khandelwal from JP Morgan - Guidance on Zero Gross Debt and Free Cash Flows
I asked how the company plans to achieve zero gross debt while prioritizing free cash flows. I wanted clarity on whether the growth would come more from operating cash flows or reduced capex due to previous investments.
Abhishek Lodha's Answer:
We expect to be more selective with new business development, leading to muted investments and higher free cash flow over the next two years. We anticipate operating cash flow to grow alongside PAT growth, around 20% annually from the INR 71 billion achieved in FY '26.
Question 2: Murtuza Arsiwalla from Kotak Securities - Launch Pipeline for FY '27
I inquired about the readiness of the FY '27 launch pipeline, particularly regarding RERA approvals and key projects.
Abhishek Lodha's Answer:
The new launches are all backed by completed land acquisitions and designs. Most approvals are in process. Key launches include projects in Pune, Bangalore, and Mumbai, excluding potential launches in NCR, which we expect to begin construction soon. Visibility is strong, assuming no extraneous delays.
Question 3: Abhinav Sinha from Jefferies - Data Center Build-to-Suit Timeline
I asked about timelines for announcements and income related to the data center build-to-suit projects.
Abhishek Lodha's Answer:
We are in strong discussions for the first set of build-to-suit developments, expecting to announce them this fiscal year. We anticipate starting to see income from these projects in fiscal '29, which is about two years post-sign-up.
Question 4: Pritesh Sheth from Axis Capital - Impact of Middle East Crisis on Segments
I questioned which segment felt the most impact from the Middle East crisis, linking it to sales guidance shortfalls.
Abhishek Lodha's Answer:
March saw individual-driven impacts particularly in NRI sales due to the crisis. Closures in the luxury segment were also affected, but we don't expect lasting impacts. The sales guidance focuses on PAT, which we see as more indicative of our business's health.
Question 5: Kunal Tayal from Bank of America - Data Center Development vs. Monetization Strategy
I asked about the decision to develop the data center instead of selling the land for immediate profit.
Abhishek Lodha's Answer:
Creating a long-term annuity stream through data centers aligns with our strategy to enhance our annuity business. We plan to use about 100 acres for our development while selling the remainder to fund this long-term income stream, balancing short-term gains and strategic growth.
Understand Macrotech Developers ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| Sambhavnath Trust (through its trustees Abhishek Lodha and Vinti Lodha) | 23.12% |
| Hightown Constructions Private Limited | 19.37% |
| Lodha Philanthropy Foundation | 18.02% |
| Sambhavnath Infrabuild and Farms Private Limited | 9.27% |
| New World Fund Inc | 4% |
| Homecraft Developers and Farms Private Limited | 2.49% |
Distribution across major stakeholders
Distribution across major institutional holders
Detailed comparison of Macrotech Developers against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| DLF | DLF | 1.43 LCr | 9.82 kCr | -5.20% | -30.00% | 32.4 | 14.57 | - | - |
| PRESTIGE | Prestige Estates Projects | 59.81 kCr | 13.2 kCr | -4.60% | -14.60% | 50.02 | 4.53 | - | - |
| OBEROIRLTY | OBEROI REALTY | 59.45 kCr | 6.3 kCr | -2.30% | -9.20% | 23.71 | 9.43 | - | - |
| GODREJPROP | Godrej Properties | 51.37 kCr | 8.41 kCr | -8.60% | -26.20% | 27.76 | 6.11 | - | - |
| BRIGADE | Brigade Enterprises | 15.94 kCr | 5.91 kCr | -19.40% | -48.30% | 24.72 | 2.7 | - | - |
| SOBHA | Sobha | 14.26 kCr | 5.38 kCr | -8.20% | -16.80% | 73.73 | 2.65 | - | - |
Comprehensive comparison against sector averages
LODHA metrics compared to Realty
| Category | LODHA | Realty |
|---|---|---|
| PE | 26.08 | 30.56 |
| PS | 5.23 | 6.06 |
| Growth | 20.8 % | 17.9 % |
Macrotech Developers is a prominent company specializing in both residential and commercial projects.
With its stock ticker as LODHA, the company boasts a significant market capitalization of Rs. 130,618.7 Crores. Operating through its subsidiaries, Macrotech Developers is primarily engaged in developing real estate properties in India. The company’s portfolio includes the construction and development of residential, office, and retail properties, alongside leasing retail and office spaces.
Additionally, Macrotech Developers extends its services to the development of warehousing, logistics, and light industrial facilities. The company is also involved in various activities such as facility management, asset management, marketing and sales, and support services. Properties are developed under renowned brand names including LODHA, LODHA LUXURY, and PALAVA.
Founded in 1980 and headquartered in Mumbai, India, Macrotech Developers was previously known as Lodha Developers Limited before rebranding in May 2019.
In terms of financial performance, Macrotech Developers reported a trailing 12-month revenue of Rs. 13,833.4 Crores and a profit of Rs. 2,510.8 Crores over the past four quarters. The company has shown impressive growth, with a revenue increase of 59.5% in the past three years.
Macrotech Developers also provides dividends to its investors, offering a dividend yield of 0.29% per year, with a dividend distribution of Rs. 3.25 per share in the last twelve months. However, it is important to note that the company has diluted its shareholders by 3.5% over the past three years. This makes it a profitable entity, despite the dilution of shareholdings.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
LODHA vs Realty (2022 - 2026)