Reported Earnings • Apr 25
Full year 2026 earnings: EPS exceeds analyst expectations Full year 2026 results: EPS: ₹34.34 (up from ₹27.76 in FY 2025). Revenue: ₹171.2b (up 23% from FY 2025). Net income: ₹34.3b (up 24% from FY 2025). Profit margin: 20% (in line with FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.5%. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 25% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Announcement • Apr 21
Lodha Developers Limited to Report Q4, 2026 Results on Apr 24, 2026 Lodha Developers Limited announced that they will report Q4, 2026 results at 12:08 PM, Indian Standard Time on Apr 24, 2026 Price Target Changed • Apr 13
Price target decreased by 7.0% to ₹1,238 Down from ₹1,331, the current price target is an average from 18 analysts. New target price is 51% above last closing price of ₹821. Stock is down 27% over the past year. The company is forecast to post earnings per share of ₹33.74 for next year compared to ₹27.76 last year. Valuation Update With 7 Day Price Move • Apr 10
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹828, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 21x in the Real Estate industry in India. Total returns to shareholders of 82% over the past three years. Reported Earnings • Jan 29
Third quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2026 results: EPS: ₹9.59 (up from ₹9.48 in 3Q 2025). Revenue: ₹47.8b (up 15% from 3Q 2025). Net income: ₹9.57b (up 1.3% from 3Q 2025). Profit margin: 20% (down from 23% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) missed analyst estimates by 9.8%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has increased by 55% per year but the company’s share price has only increased by 23% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 23
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹900, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 25x in the Real Estate industry in India. Total returns to shareholders of 79% over the past three years. Announcement • Jan 22
Lodha Developers Limited to Report Q3, 2026 Results on Jan 28, 2026 Lodha Developers Limited announced that they will report Q3, 2026 results on Jan 28, 2026 Reported Earnings • Oct 31
Second quarter 2026 earnings released: EPS: ₹7.90 (vs ₹4.25 in 2Q 2025) Second quarter 2026 results: EPS: ₹7.90 (up from ₹4.25 in 2Q 2025). Revenue: ₹38.8b (up 48% from 2Q 2025). Net income: ₹7.89b (up 87% from 2Q 2025). Profit margin: 20% (up from 16% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has increased by 64% per year but the company’s share price has only increased by 36% per year, which means it is significantly lagging earnings growth. Announcement • Oct 27
Lodha Developers Limited to Report Q2, 2026 Results on Oct 30, 2025 Lodha Developers Limited announced that they will report Q2, 2026 results on Oct 30, 2025 Announcement • Oct 20
Lodha Developers Limited Appoints Amandeep Singh as Regional CEO - NCR, with Effect from October 27, 2025 The Board of Directors of Lodha Developers Limited based on the recommendation of Nomination and Remuneration Committee, has approved the appointment of Mr. Amandeep Singh as Regional CEO - NCR (categorized as Senior Management Personnel) of the Company. With effect from October 27, 2025. Mr. Amandeep Singh is a seasoned real estate professional with over 22 years of experience driving transformative growth, particularly in P&L delivery, strategic planning and institution building across diverse markets. He holds an MBA in Marketing & Systems from Xavier Institute of Management (Gold Medalist) and a BE in Electronics & Telecommunication from the Army Institute of Technology. He joins the Company from DLF Ltd. where he served as Sr. ED (COO, Gurgaon & North), delivering launch readiness for projects valued at INR 250,000 million, spread over 14 million sq. ft. in the Gurgaon and Chandigarh markets, spearheaded delivery of seven projects covering 2 million sq. ft, among other things. He has spent a significant part of his career with Godrej Properties where he was CEO (East & West Zone), responsible for P&L delivery across markets of Pune, Kolkata, Ahmedabad & Nagpur, leading a team of 400+. Upcoming Dividend • Aug 15
Upcoming dividend of ₹4.25 per share Eligible shareholders must have bought the stock before 22 August 2025. Payment date: 28 September 2025. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Indian dividend payers (1.3%). Lower than average of industry peers (0.5%). Announcement • Jul 22
Lodha Developers Limited to Report Q1, 2026 Results on Jul 26, 2025 Lodha Developers Limited announced that they will report Q1, 2026 results at 12:08 PM, Indian Standard Time on Jul 26, 2025 Reported Earnings • Jul 11
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: ₹27.76 (up from ₹16.03 in FY 2024). Revenue: ₹139.4b (up 34% from FY 2024). Net income: ₹27.6b (up 78% from FY 2024). Profit margin: 20% (up from 15% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 6.2%. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jun 22
Dividend increased to ₹4.25 Dividend of ₹4.25 is 89% higher than last year. Ex-date: 22nd August 2025 Payment date: 28th September 2025 Dividend yield will be 0.3%, which is lower than the industry average of 0.4%. Sustainability & Growth Dividend is well covered by both earnings (15% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 106% per year over the past 2 years and payments have been stable during that time. EPS is expected to grow by 69% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 22
Lodha Developers Limited announces Annual dividend, payable on September 28, 2025 Lodha Developers Limited announced Annual dividend of INR 4.2500 per share payable on September 28, 2025, ex-date on August 22, 2025 and record date on August 22, 2025. Announcement • Jun 20
Lodha Developers Limited, Annual General Meeting, Aug 29, 2025 Lodha Developers Limited, Annual General Meeting, Aug 29, 2025, at 15:30 Indian Standard Time. Reported Earnings • Apr 25
Full year 2025 earnings: EPS and revenues exceed analyst expectations Full year 2025 results: EPS: ₹27.76 (up from ₹16.03 in FY 2024). Revenue: ₹141.7b (up 37% from FY 2024). Net income: ₹27.6b (up 78% from FY 2024). Profit margin: 20% (up from 15% in FY 2024). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 2.2%. Earnings per share (EPS) also surpassed analyst estimates by 6.2%. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 22% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Announcement • Apr 25
Macrotech Developers Limited Recommends Final Dividend for the Financial Year Ended 31 March 2025 The Board of Directors of Macrotech Developers Limited has recommended final dividend of INR 4.25 i.e. 42.50% per fully paid up equity share of INR 10/- each for the financial year ended 31-March-2025, subject to approval of shareholdes at its board meeting held on April 24, 2025. Announcement • Apr 21
Macrotech Developers Limited to Report Q4, 2025 Results on Apr 24, 2025 Macrotech Developers Limited announced that they will report Q4, 2025 results on Apr 24, 2025 Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹1,295, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 32x in the Real Estate industry in India. Total returns to shareholders of 164% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹1,507 per share. Announcement • Apr 19
Macrotech Developers Limited Announces Cessation of Ashwani Kumar as Independent Director, Effective April 7, 2025 Macrotech Developers Limited announced Mr. Ashwani Kumar (DIN:02870681) has completed his term as Independent Director and consequently ceased to be an Independent Director of the Company with effect from the close of business hours on April 7, 2025. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹1,280, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 37x in the Real Estate industry in India. Total returns to shareholders of 97% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹1,230 per share. Announcement • Jan 31
Macrotech Developers Limited Announces Resignation of Dhruti Dholakia as President Legal, Effective from Close of Business Hours on February 14, 2025 Macrotech Developers Limited announced that Ms. Dhruti Dholakia, President Legal (Senior Management Personnel) of the Company has tendered her resignation due to personal reasons. This shall be effective from close of business hours on February 14, 2025. Buy Or Sell Opportunity • Jan 30
Now 22% overvalued Over the last 90 days, the stock has fallen 3.8% to ₹1,162. The fair value is estimated to be ₹955, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 39%. Revenue is forecast to grow by 41% in 2 years. Earnings are forecast to grow by 50% in the next 2 years. Announcement • Jan 27
Macrotech Developers Limited Announces Chief Financial Officer Changes Macrotech Developers Limited announced that Mr. Sushil Kumar Modi would move to a new role within the Company and will consequently cease to be the Chief Financial Officer of the Company with effect from January 25, 2025. Based on the recommendation of the Nomination & Remuneration Committee and the Audit Committee, the Board has approved the appointment of Mr. Sanjay Chauhan as the Chief Financial Officer and Key Managerial Personnel of the Company with effect from January 25, 2025. Mr. Sanjay Chauhan joined the Company as Deputy CFO in June 2023. He is a qualified Chartered Accountant with approximately 21 years of work experience in the fields of audit, accountancy, taxation, controllership, internal controls, governance, treasury, and M&A. He comes with prior experience from Adani Group, where he headed Finance & Accounts at Adani Ports & SEZ limited. He started his career with Deloitte in audit & assurance team where he worked on various statutory audits and US listing of Vedanta Group. He started his corporate journey by joining Essar Group where he was associated for over a decade gaining experience in various corporate roles, worked on UK listing for Essar Energy Limited (oil, gas and power vertical of Essar Group) and last held the role of Controller of the said vertical. Announcement • Jan 20
Macrotech Developers Limited to Report Q3, 2025 Results on Jan 25, 2025 Macrotech Developers Limited announced that they will report Q3, 2025 results at 12:08 PM, Indian Standard Time on Jan 25, 2025 Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹1,125, the stock trades at a forward P/E ratio of 38x. Average forward P/E is 35x in the Real Estate industry in India. Total returns to shareholders of 82% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹538 per share. Announcement • Nov 30
Macrotech Developers Limited (NSEI:LODHA) acquired Janus Logistics and Industrial Parks Private Limited from Phoenix Logistics And Industrial Parks Private Limited for approximately INR 480 million. Macrotech Developers Limited (NSEI:LODHA) entered into a share purchase agreement to acquire Janus Logistics and Industrial Parks Private Limited from Phoenix Logistics And Industrial Parks Private Limited for approximately INR 480 million on November 29, 2024. A cash consideration of INR 479.37 million will be paid by Macrotech Developers Limited. As part of consideration, INR 479.37 million is paid towards common equity of Janus Logistics and Industrial Parks Private Limited.
For the period ending March 31, 2024, Janus Logistics and Industrial Parks Private Limited reported total revenue of INR 0. As of March 31, 2024, Janus Logistics and Industrial Parks Private Limited reported net liabilities of INR 1.75 million.
Macrotech Developers Limited (NSEI:LODHA) completed the acquisition of Janus Logistics and Industrial Parks Private Limited from Phoenix Logistics And Industrial Parks Private Limited on November 29, 2024. Reported Earnings • Oct 26
Second quarter 2025 earnings: EPS and revenues miss analyst expectations Second quarter 2025 results: EPS: ₹4.25 (up from ₹2.09 in 2Q 2024). Revenue: ₹26.3b (up 50% from 2Q 2024). Net income: ₹4.23b (up 110% from 2Q 2024). Profit margin: 16% (up from 12% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 9.6%. Earnings per share (EPS) also missed analyst estimates by 36%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 23% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has increased by 28% per year whereas the company’s share price has increased by 27% per year. Announcement • Oct 21
Macrotech Developers Limited to Report Q2, 2025 Results on Oct 25, 2024 Macrotech Developers Limited announced that they will report Q2, 2025 results on Oct 25, 2024 Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹1,176, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 45x in the Real Estate industry in India. Total returns to shareholders of 110% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹727 per share. Price Target Changed • Sep 16
Price target increased by 7.1% to ₹1,367 Up from ₹1,277, the current price target is an average from 18 analysts. New target price is 7.2% above last closing price of ₹1,276. Stock is up 64% over the past year. The company is forecast to post earnings per share of ₹25.15 for next year compared to ₹16.03 last year. Announcement • Aug 24
Macrotech Developers Limited Declares Final Dividend for the Year Ended March 31, 2024 Macrotech Developers Limited announced that at its AGM held on August 23, 2024, shareholders declared final dividend of INR 2.25 per equity share for the year ended March 31, 2024. Upcoming Dividend • Aug 09
Upcoming dividend of ₹2.25 per share Eligible shareholders must have bought the stock before 16 August 2024. Payment date: 22 September 2024. Payout ratio is a comfortable 14% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Indian dividend payers (1.1%). Lower than average of industry peers (0.5%). Reported Earnings • Jul 31
First quarter 2025 earnings: EPS and revenues miss analyst expectations First quarter 2025 results: EPS: ₹4.78 (up from ₹1.85 in 1Q 2024). Revenue: ₹29.2b (up 80% from 1Q 2024). Net income: ₹4.75b (up 166% from 1Q 2024). Profit margin: 16% (up from 11% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) also missed analyst estimates by 26%. Revenue is forecast to grow 19% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 25
Macrotech Developers Limited to Report Q1, 2025 Results on Jul 30, 2024 Macrotech Developers Limited announced that they will report Q1, 2025 results on Jul 30, 2024 Reported Earnings • Jul 01
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: ₹16.03 (up from ₹5.05 in FY 2023). Revenue: ₹103.2b (up 8.9% from FY 2023). Net income: ₹15.5b (up 218% from FY 2023). Profit margin: 15% (up from 5.1% in FY 2023). The increase in margin was primarily driven by higher revenue. Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 29
Macrotech Developers Limited Proposes Final Dividend for the Year Ended March 31, 2024, Payable on or After August 26, 2024 Macrotech Developers Limited proposed final dividend of INR 2.25 per equity share for the financial year ended March 31, 2024 at its AGM to be held on August 23, 2024. Record Date for the payment of Dividend is August 16, 2024. Dividend Payment is On or after August 26, 2024. Announcement • Jun 18
Macrotech Developers Limited, Annual General Meeting, Aug 23, 2024 Macrotech Developers Limited, Annual General Meeting, Aug 23, 2024, at 15:30 Indian Standard Time. Announcement • May 25
Macrotech Developers Limited (NSEI:LODHA) completed the acquisition to acquire 50% stake in Siddhivinayak Realties Private Limited from Oberoi Constructions Limited. Macrotech Developers Limited (NSEI:LODHA) entered into an agreement to acquire 50% stake in Siddhivinayak Realties Private Limited from Oberoi Constructions Limited for INR 2.5 billion on March 28, 2024. Siddhivinayak Realties reported revenue of INR 0 and net worth of INR 838,871,797 as at March 31, 2023. The transaction is expected to close within a week.
Macrotech Developers Limited (NSEI:LODHA) completed the acquisition to acquire 50% stake in Siddhivinayak Realties Private Limited from Oberoi Constructions Limited May 24, 2024. SRPL has become Wholly Owned Subsidiary of the Company. Price Target Changed • May 21
Price target increased by 7.4% to ₹1,203 Up from ₹1,121, the current price target is an average from 17 analysts. New target price is approximately in line with last closing price of ₹1,243. Stock is up 151% over the past year. The company is forecast to post earnings per share of ₹24.68 for next year compared to ₹16.03 last year. Reported Earnings • Apr 25
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: ₹16.03 (up from ₹5.05 in FY 2023). Revenue: ₹104.7b (up 11% from FY 2023). Net income: ₹15.5b (up 218% from FY 2023). Profit margin: 15% (up from 5.1% in FY 2023). Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) also missed analyst estimates by 15%. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 23% growth forecast for the Real Estate industry in India. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Apr 20
Macrotech Developers Limited to Report Q4, 2024 Results on Apr 24, 2024 Macrotech Developers Limited announced that they will report Q4, 2024 results on Apr 24, 2024 Announcement • Mar 30
Macrotech Developers Limited (NSEI:LODHA) entered into an agreement to acquire 50% stake in Siddhivinayak Realties Private Limited from Oberoi Constructions Limited for INR 2.5 billion. Macrotech Developers Limited (NSEI:LODHA) entered into an agreement to acquire 50% stake in Siddhivinayak Realties Private Limited from Oberoi Constructions Limited for INR 2.5 billion on March 28, 2024. Siddhivinayak Realties reported revenue of INR 0 and net worth of INR 838,871,797 as at March 31, 2023. The transaction is expected to close within a week. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹1,012, the stock trades at a forward P/E ratio of 46x. Average forward P/E is 41x in the Real Estate industry in India. Total returns to shareholders of 135% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ₹731 per share. Announcement • Mar 08
Macrotech Developers Limited has completed a Follow-on Equity Offering in the amount of INR 32.81851 billion. Macrotech Developers Limited has completed a Follow-on Equity Offering in the amount of INR 32.81851 billion.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 29,889,353
Price\Range: INR 1098
Transaction Features: Regulation S; Subsequent Direct Listing New Risk • Mar 07
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (50% net debt to equity). Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Reported Earnings • Mar 07
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: ₹5.22 (up from ₹4.20 in 3Q 2023). Revenue: ₹29.3b (up 65% from 3Q 2023). Net income: ₹5.03b (up 24% from 3Q 2023). Profit margin: 17% (down from 23% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 25%. Earnings per share (EPS) also surpassed analyst estimates by 68%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Real Estate industry in India. Announcement • Mar 05
Macrotech Developers Limited has filed a Follow-on Equity Offering in the amount of INR 33 billion. Macrotech Developers Limited has filed a Follow-on Equity Offering in the amount of INR 33 billion.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 29,216,985
Price(minimum): INR 1129.48
Transaction Features: Regulation S; Subsequent Direct Listing Price Target Changed • Jan 30
Price target increased by 9.6% to ₹1,036 Up from ₹945, the current price target is an average from 15 analysts. New target price is approximately in line with last closing price of ₹1,035. Stock is up 103% over the past year. The company is forecast to post earnings per share of ₹16.92 for next year compared to ₹5.05 last year. Reported Earnings • Jan 28
Third quarter 2024 earnings: EPS and revenues exceed analyst expectations Third quarter 2024 results: EPS: ₹5.22 (up from ₹4.20 in 3Q 2023). Revenue: ₹29.6b (up 67% from 3Q 2023). Net income: ₹5.03b (up 24% from 3Q 2023). Profit margin: 17% (down from 23% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 25%. Earnings per share (EPS) also surpassed analyst estimates by 68%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Real Estate industry in India. Announcement • Jan 20
Macrotech Developers Limited to Report Q3, 2024 Results on Jan 27, 2024 Macrotech Developers Limited announced that they will report Q3, 2024 results at 4:00 PM, Indian Standard Time on Jan 27, 2024 Price Target Changed • Jan 11
Price target increased by 11% to ₹939 Up from ₹844, the current price target is an average from 16 analysts. New target price is 17% below last closing price of ₹1,130. Stock is up 120% over the past year. The company is forecast to post earnings per share of ₹18.55 for next year compared to ₹5.05 last year. Price Target Changed • Jan 08
Price target increased by 9.1% to ₹870 Up from ₹798, the current price target is an average from 16 analysts. New target price is 20% below last closing price of ₹1,093. Stock is up 106% over the past year. The company is forecast to post earnings per share of ₹18.68 for next year compared to ₹5.05 last year. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹849, the stock trades at a forward P/E ratio of 43x. Average forward P/E is 36x in the Real Estate industry in India. Total returns to shareholders of 79% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ₹618 per share. Reported Earnings • Oct 29
Second quarter 2024 earnings: EPS and revenues miss analyst expectations Second quarter 2024 results: EPS: ₹2.09 (up from ₹9.77 loss in 2Q 2023). Revenue: ₹17.6b (flat on 2Q 2023). Net income: ₹2.02b (up ₹11.3b from 2Q 2023). Profit margin: 12% (up from net loss in 2Q 2023). Revenue missed analyst estimates by 26%. Earnings per share (EPS) also missed analyst estimates by 5.0%. Revenue is forecast to grow 23% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Real Estate industry in India. Announcement • Oct 28
Newcold India Holding B.v. entered into share purchase agreement to acquire Classichomes Developers and Farms Private Limited from Macrotech Developers Limited (NSEI:LODHA) for INR 1.5 billion. Newcold India Holding B.v. entered into share purchase agreement to acquire Classichomes Developers and Farms Private Limited from Macrotech Developers Limited (NSEI:LODHA) for INR 1.5 billion on October 25, 2023. Classichomes Developers has reported net worth of INR 489.82 million as at March 31, 2023. The transaction is expected to close on January 8, 2024. Announcement • Oct 21
Macrotech Developers Limited to Report Q2, 2024 Results on Oct 28, 2023 Macrotech Developers Limited announced that they will report Q2, 2024 results on Oct 28, 2023 Announcement • Sep 16
Macrotech Developers Limited Approves Final Dividend for the Year Ended March 31, 2023 Macrotech Developers Limited approved to declare final dividend of INR 1 per equity share for the year ended March 31, 2023. Buying Opportunity • Aug 25
Now 23% undervalued Over the last 90 days, the stock is up 28%. The fair value is estimated to be ₹845, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.4% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 64% in 2 years. Earnings is forecast to grow by 463% in the next 2 years. Buying Opportunity • Aug 10
Now 20% undervalued Over the last 90 days, the stock is up 42%. The fair value is estimated to be ₹870, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.4% over the last 3 years. Earnings per share has grown by 33%. Revenue is forecast to grow by 63% in 2 years. Earnings is forecast to grow by 457% in the next 2 years. Price Target Changed • Jul 31
Price target increased by 9.3% to ₹703 Up from ₹644, the current price target is an average from 17 analysts. New target price is 7.3% below last closing price of ₹759. Stock is up 34% over the past year. The company is forecast to post earnings per share of ₹19.52 for next year compared to ₹5.05 last year. Reported Earnings • Jul 29
First quarter 2024 earnings: EPS and revenues miss analyst expectations First quarter 2024 results: EPS: ₹1.85 (down from ₹2.81 in 1Q 2023). Revenue: ₹16.2b (down 40% from 1Q 2023). Net income: ₹1.78b (down 34% from 1Q 2023). Profit margin: 11% (in line with 1Q 2023). Revenue missed analyst estimates by 41%. Earnings per share (EPS) also missed analyst estimates by 65%. Revenue is forecast to grow 20% p.a. on average during the next 3 years, compared to a 17% growth forecast for the Real Estate industry in India. Announcement • Jul 24
Macrotech Developers Limited to Report Q1, 2024 Results on Jul 27, 2023 Macrotech Developers Limited announced that they will report Q1, 2024 results on Jul 27, 2023 Announcement • Jul 01
Macrotech Developers Limited, Annual General Meeting, Sep 15, 2023 Macrotech Developers Limited, Annual General Meeting, Sep 15, 2023, at 15:30 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2023, together with the Reports of the Board of Directors and the Auditors thereon; to receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2023, together with the Report of the Auditors thereon; to declare final dividend of INR 1 per equity share for the year ended March 31, 2023; to appoint a director in place of Mr. Rajinder Pal Singh (DIN - 02943155) who retires by rotation and being eligible, offers himself for re-appointment; and to consider other matters. Reported Earnings • Apr 23
Full year 2023 earnings: EPS and revenues exceed analyst expectations Full year 2023 results: EPS: ₹10.10 (down from ₹26.28 in FY 2022). Revenue: ₹96.1b (up 4.1% from FY 2022). Net income: ₹4.87b (down 60% from FY 2022). Profit margin: 5.1% (down from 13% in FY 2022). Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) also surpassed analyst estimates by 171%. Revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 17% growth forecast for the Real Estate industry in India. Reported Earnings • Jan 25
Third quarter 2023 earnings: EPS and revenues miss analyst expectations Third quarter 2023 results: EPS: ₹8.40 (up from ₹6.15 in 3Q 2022). Revenue: ₹19.0b (down 7.6% from 3Q 2022). Net income: ₹4.05b (up 42% from 3Q 2022). Profit margin: 21% (up from 14% in 3Q 2022). Revenue missed analyst estimates by 26%. Earnings per share (EPS) also missed analyst estimates by 19%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Real Estate industry in India. Announcement • Jan 14
Macrotech Developers Limited to Report Q3, 2023 Results on Jan 24, 2023 Macrotech Developers Limited announced that they will report Q3, 2023 results on Jan 24, 2023 Announcement • Dec 14
Macrotech Developers Limited has completed a Follow-on Equity Offering in the amount of INR 35.469339 billion. Macrotech Developers Limited has completed a Follow-on Equity Offering in the amount of INR 35.469339 billion.
Security Name: Equity Shares
Security Type: Common Stock
Securities Offered: 34,570,506
Price\Range: INR 1026
Transaction Features: Regulation S; Subsequent Direct Listing Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Non-Executive Independent Director Harita Gupta was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Major Estimate Revision • Nov 08
Consensus forecasts updated The consensus outlook for 2023 has been updated. 2023 EPS estimate fell from ₹33.46 to ₹20.23 per share. Revenue forecast steady at ₹99.7b. Net income forecast to grow 981% next year vs 48% growth forecast for Real Estate industry in India. Consensus price target down from ₹1,319 to ₹1,262. Share price fell 7.6% to ₹928 over the past week. Reported Earnings • Nov 04
Second quarter 2023 earnings: EPS and revenues miss analyst expectations Second quarter 2023 results: ₹19.53 loss per share (down from ₹4.93 profit in 2Q 2022). Revenue: ₹17.7b (down 17% from 2Q 2022). Net loss: ₹9.33b (down ₹11.5b from profit in 2Q 2022). Revenue missed analyst estimates by 28%. Earnings per share (EPS) were also behind analyst expectations. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Real Estate industry in India. Board Change • Nov 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Non-Executive Independent Director Harita Gupta was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Oct 22
Macrotech Developers Limited to Report Q2, 2023 Results on Nov 01, 2022 Macrotech Developers Limited announced that they will report Q2, 2023 results at 3:30 PM, Indian Standard Time on Nov 01, 2022 Board Change • Oct 02
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Non-Executive Independent Director Harita Gupta was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 21
Macrotech Developers Limited Appoints Ms Harita Gupta, as an Independent Director Macrotech Developers Limited has approved the appointment of Ms Harita Gupta as an Additional Director (Non-Executive, Independent) and recommended her appointment as an Independent Director to the shareholders for a first term of five years from September 20, 2022 till September 19, 2027. Ms Harita Gupta has over three decades of global experience in digital and IT Services sectors. Shehas held leadership positions at globally renowned companies like Microsoft Technologies and NIITTechnologies among others. She is presently Leading APAC and Global Head Enterprise Business at Sutherland Global Services. Being a digital innovation focused organization, will benefit immensely from her guidance and experience as we step into our next phase of growth journey. Ms Harita Gupta holds a Masters' of Science (Chemistry) from IIT New Delhi and a Bachelors' of Science from Stella Maris College, Chennai. She brings over three decades of global experience indigital and IT Services sectors. She is presently leading APAC and Global Head Enterprise Business at Sutherland Global Services where her focus is to establish Sutherland as a true digital transformation innovation partner for customers in APAC. Prior toSutherland, she has held leadership positions at globally renowned companies such as Microsoft India where she led the growth of the Customer Service and Support operations for enterprise customers across India and Greater China. She started her career at NIITTechnologies and managed various portfolios and technology centres of excellence. Her areas of experience and expertise include people management, digital transformation & governance within the IT /ITES services sector. She is very passionate about CSR, she drives innovative projects in her current role and volunteers at 2 NGOs. She is also the advisory Board chair at Will Forum India and a councilmember of NASSCOM BPM. She was named in the 2020 Top 11Women AI Leaders in India, won the CIO Award in 2020 and was named in Top 50 women in Technology 2020. Announcement • Jul 19
Macrotech Developers Limited to Report Q1, 2023 Results on Jul 25, 2022 Macrotech Developers Limited announced that they will report Q1, 2023 results at 3:30 PM, Indian Standard Time on Jul 25, 2022 Announcement • Jul 01
Macrotech Developers Limited, Annual General Meeting, Aug 10, 2022 Macrotech Developers Limited, Annual General Meeting, Aug 10, 2022, at 15:30 Indian Standard Time. Agenda: To consider the Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2022, together with the Reports of the Board of Directors and the Auditors thereon; to consider the Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2022, together with the Report of the Auditors thereon; to consider directorate reappointments; and to consider other matters. Announcement • Jun 30
Macrotech Developers Limited Announces Change in Directorate The Board of Directors of Macrotech Developers Limited, at its meeting held on June 29, 2022, on the recommendation of Nomination and Remuneration Committee, has approved the appointment of Mr. Rajeev Bakshi (DIN: 00044621) as an Additional Director (Non-Executive, Independent) and recommended to be appointed as an Independent Director at the upcoming Annual General Meeting of the Company for a first term of five years from June 29, 2022 till June 28, 2027. Mr. Rajeev Bakshi is a seasoned business leader with over 40 years of experience in leadership positions in several renowned companies including PepsiCo, Cadbury Schweppes and Lakme Lever. Announcement • Jun 25
Macrotech Developers Limited (BSE:543287) acquired G Corp Homes Private Limited. Macrotech Developers Limited (BSE:543287) acquired G Corp Homes Private Limited for INR 211 million on June 23, 2022. No regulatory approvals are required for the acquisition. The transaction is expected to complete on June 23, 2022.
Macrotech Developers Limited (BSE:543287) completed the acquisition of G Corp Homes Private Limited on June 23, 2022. Valuation Update With 7 Day Price Move • Jun 04
Investor sentiment improved over the past week After last week's 23% share price gain to ₹1,091, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 33x in the Real Estate industry in India. Total returns to shareholders of 74% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ₹525 per share. Valuation Update With 7 Day Price Move • May 20
Investor sentiment improved over the past week After last week's 15% share price gain to ₹990, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 30x in the Real Estate industry in India. Total returns to shareholders of 54% over the past year. Simply Wall St's valuation model estimates the intrinsic value at ₹516 per share. Reported Earnings • Apr 28
Full year 2022 earnings: EPS and revenues exceed analyst expectations Full year 2022 results: EPS: ₹26.26 (up from ₹1.01 in FY 2021). Revenue: ₹92.3b (up 70% from FY 2021). Net income: ₹12.0b (up ₹11.6b from FY 2021). Profit margin: 13% (up from 0.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 13%. Earnings per share (EPS) also surpassed analyst estimates by 10%. Over the next year, revenue is expected to shrink by 1.8% compared to a 27% growth forecast for the industry in India. Announcement • Apr 19
Macrotech Developers Limited to Report Q4, 2022 Results on Apr 26, 2022 Macrotech Developers Limited announced that they will report Q4, 2022 results on Apr 26, 2022 Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₹1,052, the stock trades at a forward P/E ratio of 36x. Average forward P/E is 32x in the Real Estate industry in India. Reported Earnings • Jan 26
Third quarter 2022 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2022 results: EPS: ₹6.15 (up from ₹5.74 in 3Q 2021). Revenue: ₹21.5b (up 34% from 3Q 2021). Net income: ₹2.86b (up 26% from 3Q 2021). Profit margin: 13% (in line with 3Q 2021). Revenue missed analyst estimates by 8.3%. Earnings per share (EPS) exceeded analyst estimates by 16%. Over the next year, revenue is forecast to grow 6.2%, compared to a 24% growth forecast for the industry in India. Valuation Update With 7 Day Price Move • Dec 17
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₹1,182, the stock trades at a forward P/E ratio of 39x. Average forward P/E is 32x in the Real Estate industry in India. Simply Wall St's valuation model estimates the intrinsic value at ₹866 per share. Valuation Update With 7 Day Price Move • Nov 17
Investor sentiment improved over the past week After last week's 16% share price gain to ₹1,431, the stock trades at a forward P/E ratio of 48x. Average forward P/E is 36x in the Real Estate industry in India. Simply Wall St's valuation model estimates the intrinsic value at ₹975 per share. Recent Insider Transactions • Nov 12
Insider recently sold ₹1.2m worth of stock On the 9th of November, Piyush Vora sold around 1k shares on-market at roughly ₹1,203 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improved over the past week After last week's 19% share price gain to ₹1,150, the stock trades at a forward P/E ratio of 37x. Average forward P/E is 32x in the Real Estate industry in India. Simply Wall St's valuation model estimates the intrinsic value at ₹811 per share. Reported Earnings • Oct 23
Second quarter 2022 earnings released: EPS ₹4.93 (vs ₹9.17 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹21.2b (up 136% from 2Q 2021). Net income: ₹2.20b (up ₹5.84b from 2Q 2021). Profit margin: 10% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. 
