Macrotech Developers (Lodha Stock) is one of the largest real estate developers in India, by residential Sales value for the financial years 2014 to 2020. Currently, it has residential projects in the MMR and Pune. In 2019, it forayed into the development of logistics and industrial parks and entered into a joint venture with ESR Mumbai 3 Pte. (ESR), a subsidiary of ESR Cayman, the Asia Pacific focused logistics real estate platform. It also develops commercial real estate, including as part of mixed-use developments in and around its core residential projects.
The company’s customer-centric business model focuses on designing and developing its ‘branded products’ to address consumer needs across locations and price points.
Its core competency lies in professionally managing the real estate value chain as it has in-house capabilities to deliver a project from conceptualization to completion.
It has a strong focus on de-risking projects and improving its return on investment with a fast turnaround time from acquisition to launch to completion.
The company’s brands include “Lodha”, “CASA by Lodha” and “Crown – Lodha Quality Homes” for its affordable and mid-income housing projects, the “Lodha” and “Lodha Luxury” brands for its premium and luxury housing projects, and the “iThink”, “Lodha Excellus” and “Lodha Supremus” brands for its office spaces.
Its in-house sales team is supported by a distribution network of multiple channels across India as well as key non-resident Indian (NRI) markets, such as the Gulf Cooperation Council, United Kingdom, Singapore, and the United States.
The company’s large ongoing portfolio of affordable and mid-income housing projects include Palava (Navi Mumbai, Dombivali Region), Upper Thane (Thane outskirts), Amara (Thane), Lodha Sterling (Thane), Lodha Luxuria (Thane), Crown Thane (Thane), Bel Air (Jogeshwari), Lodha Belmondo (Pune), Lodha Splendora (Thane) and Casa Maxima (Mira Road).
The business area of the company
The company is primarily engaged in affordable residential real estate developments and in 2019, it entered into the development of logistics and industrial parks and also develop commercial real estate.
Lodha Stock Today
 | Real Estate |
 | Real Estate—Development |
 | LODHA Excelus Building, Mumbai, India |
 | India |
 | 91 22 2302 4400 |
 | https://www.lodhagroup.in |
Lodha Stock Chart
Lodha Stock Index Presence
| NIFTY500 | NIFTYMIDCAP150 | NIFTYMIDSMALL400 |
| NIFTYLEGNID250 | NIFTYREALTY | MIDCAP |
| BSEIPO | ALLCAP | CDGS |
| S&PLARGEMIDCAP | S&PMIDSMLCAP |
Lodha Stock Infographics
Lodha stock Overview
Key takeaways
- The PE ratio of Lodha stock is 77.3 which is good.
- This stock does not offer any dividend.
- This stock is in ASM/GSM list of SEBI, which means it is very risky to invest in such stocks.
| PE Ratio | Sector PE | PB Ratio | Sector PB | Dividend Yield | Sector Div Yld |
| 75.33 | 96.48 | 13.54 | 3.05 | — | 36.22% |
Read more about PE ratio with infographics | Read more about dividend and dividend yield with infographics
Financials of Lodha Stock
Income Table
| Financial Year | FY 2018 | FY 2019 | FY 2020 | FY 2021 |
| Total Revenue | 9,965.20 | 11,978.87 | 12,561.14 | 5,771.65 |
| EBITDA | 1,967.25 | 3,250.85 | 2,035.13 | 1,243.02 |
| PBIT | 1,572.20 | 3,056.40 | 1,742.73 | 1,169.60 |
| PBT | 1,181.95 | 2,488.88 | 1,003.02 | 33.15 |
| Net Income | 794.05 | 1,636.15 | 727.55 | 40.15 |
| EPS | 25.53 | 41.33 | 18.38 | 1.01 |
| DPS | — | — | — | — |
| Payout ratio | 0 | 0 | 0 | 0 |
Income Statement
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of -8.01%, vs industry avg of -3.61%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of -43.59%, vs industry avg of -7.61%
Decreasing Market Share
Over the last 5 years, market share decreased from 15.72% to 12.82%
Balance Sheet Table
| Financial Year | FY 2018 | FY 2019 | FY 2020 | FY 2021 |
| Current Assets | 37,612.38 | 46,650.36 | 33,487.70 | 32,835.82 |
| Non Current Assets | 2,625.03 | 3,213.54 | 7,204.80 | 6,472.23 |
| Total Assets | 40,237.41 | 49,863.90 | 40,692.50 | 39,308.05 |
| Current Liabilities | 31,804.41 | 44,728.81 | 33,063.16 | 29,474.71 |
| Non Current Liabilities | 3,238.06 | 759.29 | 2,557.86 | 4,707.49 |
| Total Liabilities | 35,042.47 | 45,488.10 | 35,621.02 | 34,182.20 |
| Total Equity | 5,194.94 | 4,375.80 | 5,071.48 | 5,125.85 |
| Total Liabilities & Shareholder’s Equity | 40,237.41 | 49,863.90 | 40,692.50 | 39,308.05 |
| Total Common Shares Outstanding | 39.59 | 39.59 | 39.59 | 39.59 |
Balance Sheet
Higher than Industry Debt to Equity Ratio
Over the last 5 years, debt to equity ratio has been 425.57%, vs industry avg of 84.47%
Lower than Industry Current Ratio
Over the last 5 years, current ratio has been 107.6%, vs industry avg of 138.49%
Cash Flow Table
| Financial Year | FY 2018 | FY 2019 | FY 2020 | FY 2021 |
| Net Change in Cash | 69.39 | 97.31 | -233.99 | 109.04 |
| Changes in Working Capital | -3,799.45 | -6,259.15 | -481.46 | -36.08 |
| Capital Expenditures | 41.67 | 105.59 | 37.48 | 2.04 |
| Free Cash Flow | 653.9 | -568.77 | 3,734.53 | 2,521.91 |
Cash Flow Statement
Higher than Industry Free Cash Flow Growth
Over the last 5 years, free cash flow growth has been 57.65%, vs industry avg of 21.96%
Peers of Lodha Stock
| Stock | PE Ratio | PB Ratio | Dividend Yield |
| Macrotech Developers Ltd(Lodha Stock) | 77.33 | 13.54 | — |
| DLF Ltd | 90.3 | 2.78 | 0.50% |
| Godrej properties ltd | -299.78 | 6.83 | — |
| Embassy Office Parks REIT | 47.93 | 1.24 | 6.08% |
Key takeaways
- PE ratio of DLF stock is greater than Lodha stock
- PB ratio of Lodha stock is higher than its peers
Read more about PE ratio with infographics and Dividend infographics
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
High Pledged Promoter Holding
A significant proportion of promoter holdings is pledged
Institutional Holdings Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
| Investors | Jun-21 | Sep-21 |
| Promoters | 88.5 | 88.5 |
| FIIs | 8.68 | 8.73 |
| DIIs | 1.03 | 1.07 |
| Public | 1.79 | 1.7 |
Lodha Stock Dividend/Split
LODHA STOCK DOES NOT OFFER ANY DIVIDEND OR SPLIT
Read more about dividend and dividend yield with infographics
Strength and Limitations
Strength
- The Company has been maintaining an effective average operating margins of 20.33% in the last 5 years.
Limitations
- The company has shown a poor profit growth of -170.92% for the Past 3 years.
- The company has shown a poor revenue growth of -16.72% for the Past 3 years.
- Company has high Debt to Equity ratio of 3.98.
- Company has low Interest coverage ratio of 0.75.
Expert Forecast
The stock forecast of Lodha stock for the year 2022
HIGH
Rs.1669
MEDIAN
Rs.1279
LOW
Rs.980
Future stock price targets of Lodha stock
| Target of Lodha stock | Future Stock Price |
| 2022 | 1400 to 1600 |
| 2025 | 2500 to 2700 |
| 2030 | 6500 to 7000 |
| 2035 | 10000 to 12000 |
| 2040 | 17000 to 18000 |
Please Note
All the views and contents mentioned in this blog are merely for educational purposes and are not recommendations or tips offered to any person(s) with respect to the purchase or sale of the stocks / futures. I do not accept any liability/loss accruing from the use of any content from this blog. All readers of this blog must rely on their own discretion and neither any analyst nor any publisher shall be responsible for the outcome.
Stock Forecast Predictions
With the calculations on the basis of CAGR, the long-term investment in Lodha stock comes very amazing numbers. Look at the table below (Investment value 143700)
| Prediction of Lodha Stock | Future Investments |
| After 1 year | Rs.150885 |
| 5 year | Rs.183400 |
| 10 year | Rs.234072 |
| 15 year | Rs.298741 |
| 20 year | Rs.381278 |
| 25 year | Rs.486619 |
Future values are calculated using 5% CAGR (Lodha Stock)
Read How Rs.10,000 converted into 1770 Crores Wipro case study?
Conclusion
Talking about the Real estate sector after the Covid-19 situation, everything collapsed!
Even this sector is trying to gain its position post-Covid. Lodha stock is a very well known stock but chances of manipulation are very high in this stock that is why its in ASM/GSM list of SEBI. Due to this, the stock is very risky to purchase and keep. Even if the future is good but the stock forecast team will not recommend this opportunity.
Let’s look at the Ratio metrics of Lodha Stock
| PE Ratio | Sector PE | PB Ratio | Sector PB | Dividend Yield | Sector Div Yld |
| 75.33 | 96.48 | 13.54 | 3.05 | — | 36.22% |
Check the Lodha Stock on NSE
Frequently Asked Questions
Ans: Yes Lodha stock is listed on both NSE(National Stock Exchange) and BSE(Bombay Stock Exchange). The company has launched its IPO on April 7, 2021. It got listed on National Stock Exchange of India and Bombay Stock Exchange in on April 19, 2021.
Ans: The management says that is no rocket science. “The company had a merger of its existing company, Macrotech Developers, in 2019. At that point in time, as per the board’s decision, it was chosen to retain the name of that merged entity,” said Abhishek Lodha, Managing Director and Chief Executive Officer of Macrotech Developers.
Ans: Mr. Abhishekh Lodha (1 March 2018 to till date)
Ans: Mangal Prabhat Lodha, founder of Lodha Group and a lawmaker representing India’s ruling Bharatiya Janata Party, has become nation’s richest real estate developer after the company’s sales increased 22 per cent.
