Macrotech Developers Limited

NSEI:LODHA Stock Report

Market Cap: ₹1.3t

Macrotech Developers Valuation

Is LODHA undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of LODHA when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: LODHA (₹1260.15) is trading above our estimate of fair value (₹461.88)

Significantly Below Fair Value: LODHA is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for LODHA?

Key metric: As LODHA is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for LODHA. This is calculated by dividing LODHA's market cap by their current earnings.
What is LODHA's PE Ratio?
PE Ratio60.7x
Earnings₹20.67b
Market Cap₹1.26t

Price to Earnings Ratio vs Peers

How does LODHA's PE Ratio compare to its peers?

The above table shows the PE ratio for LODHA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average62x
PRESTIGE Prestige Estates Projects
100.1x40.4%₹681.8b
OBEROIRLTY Oberoi Realty
30.3x17.5%₹702.8b
GODREJPROP Godrej Properties
53.9x23.9%₹748.8b
515055 Anant Raj
63.7x54.6%₹224.0b
LODHA Macrotech Developers
60.7x26.0%₹1.3t

Price-To-Earnings vs Peers: LODHA is good value based on its Price-To-Earnings Ratio (60.7x) compared to the peer average (62x).

Price to Earnings Ratio vs Industry

How does LODHA's PE Ratio compare vs other companies in the IN Real Estate Industry?

14 CompaniesPrice / EarningsEstimated GrowthMarket Cap
TREL Transindia Real Estate
4.9xn/aUS$103.34m
511726 Vipul
1.5xn/aUS$46.85m
513337 Gujarat Toolroom
0.8xn/aUS$23.05m
532123 BSEL Algo
4xn/aUS$13.93m
LODHA 60.7xIndustry Avg. 33.9xNo. of Companies16PE020406080100+
14 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: LODHA is expensive based on its Price-To-Earnings Ratio (60.7x) compared to the Indian Real Estate industry average (33.9x).

Price to Earnings Ratio vs Fair Ratio

What is LODHA's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

LODHA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio60.7x
Fair PE Ratio60.3x

Price-To-Earnings vs Fair Ratio: LODHA is expensive based on its Price-To-Earnings Ratio (60.7x) compared to the estimated Fair Price-To-Earnings Ratio (60.3x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst LODHA forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹1,260.15
₹1,409.67
+11.9%
15.3%₹1,755.00₹918.00n/a18
Nov ’25₹1,207.45
₹1,409.67
+16.7%
15.3%₹1,755.00₹918.00n/a18
Oct ’25₹1,221.05
₹1,368.00
+12.0%
20.6%₹1,873.00₹880.00n/a18
Sep ’25₹1,253.90
₹1,353.76
+8.0%
21.0%₹1,873.00₹880.00n/a17
Aug ’25₹1,273.60
₹1,345.88
+5.7%
21.6%₹1,873.00₹880.00n/a16
Jul ’25₹1,521.55
₹1,237.00
-18.7%
23.7%₹1,770.00₹705.00n/a17
Jun ’25₹1,377.95
₹1,203.24
-12.7%
20.7%₹1,500.00₹705.00n/a17
May ’25₹1,238.60
₹1,203.24
-2.9%
20.7%₹1,500.00₹705.00n/a17
Apr ’25₹1,171.40
₹1,082.19
-7.6%
17.5%₹1,380.00₹705.00n/a16
Mar ’25₹1,173.30
₹1,070.94
-8.7%
17.1%₹1,357.00₹705.00n/a16
Feb ’25₹1,072.25
₹1,068.27
-0.4%
17.7%₹1,357.00₹705.00n/a15
Jan ’25₹1,052.40
₹844.38
-19.8%
16.8%₹1,155.00₹557.00n/a16
Dec ’24₹919.40
₹797.83
-13.2%
16.3%₹998.00₹557.00n/a15
Nov ’24₹803.95
₹793.17
-1.3%
16.1%₹998.00₹557.00₹1,207.4515
Oct ’24₹799.95
₹734.57
-8.2%
15.4%₹871.00₹550.00₹1,221.0515
Sep ’24₹680.75
₹729.57
+7.2%
15.2%₹871.00₹550.00₹1,253.9015
Aug ’24₹760.80
₹716.65
-5.8%
16.0%₹871.00₹527.00₹1,273.6017
Jul ’24₹679.80
₹624.88
-8.1%
11.8%₹775.00₹524.00₹1,521.5516
Jun ’24₹559.05
₹610.50
+9.2%
9.7%₹712.50₹524.00₹1,377.9516
May ’24₹464.45
₹610.50
+31.4%
9.7%₹712.50₹524.00₹1,238.6016
Apr ’24₹465.15
₹629.30
+35.3%
9.7%₹712.50₹527.00₹1,171.4015
Mar ’24₹422.38
₹638.63
+51.2%
11.0%₹765.00₹527.00₹1,173.3015
Feb ’24₹519.08
₹641.47
+23.6%
10.7%₹765.00₹527.00₹1,072.2516
Jan ’24₹545.43
₹630.75
+15.6%
12.9%₹765.00₹463.00₹1,052.4016
Dec ’23₹500.28
₹630.75
+26.1%
12.9%₹765.00₹463.00₹919.4016
Nov ’23₹501.08
₹654.46
+30.6%
11.8%₹785.00₹525.00₹803.9514

Analyst Forecast: Target price is less than 20% higher than the current share price.

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