Macrotech Developers Limited

NSEI:LODHA Stock Report

Market Cap: ₹1.2t

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.

Discounted Cash Flow
Simply Wall St
₹751.50
Fair Value
56.6% overvalued intrinsic discount
18
Number of Analysts

Below Fair Value: LODHA (₹1176.95) is trading above our estimate of fair value (₹751.5)

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 Ratio56.8x
Earnings₹20.67b
Market Cap₹1.17t

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 Average66x
PRESTIGE Prestige Estates Projects
93.1x42.2%₹634.1b
OBEROIRLTY Oberoi Realty
31.1x17.2%₹723.2b
GODREJPROP Godrej Properties
52.2x24.2%₹725.1b
515055 Anant Raj
87.4x36.3%₹307.5b
LODHA Macrotech Developers
56.8x26.3%₹1.2t

Price-To-Earnings vs Peers: LODHA is good value based on its Price-To-Earnings Ratio (56.8x) compared to the peer average (66x).

Price to Earnings Ratio vs Industry

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

15 CompaniesPrice / EarningsEstimated GrowthMarket Cap
511726 Vipul
1xn/aUS$32.04m
513337 Gujarat Toolroom
2.1xn/aUS$28.43m
FMNL Future Market Networks
1.5xn/aUS$15.59m
532123 BSEL Algo
3.7xn/aUS$12.40m
LODHA 56.8xIndustry Avg. 35.5xNo. of Companies16PE020406080100+
15 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: LODHA is expensive based on its Price-To-Earnings Ratio (56.8x) compared to the Indian Real Estate industry average (35.5x).

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 Ratio56.8x
Fair PE Ratio55.4x

Price-To-Earnings vs Fair Ratio: LODHA is expensive based on its Price-To-Earnings Ratio (56.8x) compared to the estimated Fair Price-To-Earnings Ratio (55.4x).

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₹1,176.95
₹1,454.11
+23.5%
16.2%₹1,851.00₹918.00n/a18
Jan ’26₹1,364.80
₹1,434.00
+5.1%
16.6%₹1,851.00₹918.00n/a18
Dec ’25₹1,253.20
₹1,409.67
+12.5%
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₹557.00₹1,364.8016
Dec ’24₹919.40
₹797.83
-13.2%
16.3%₹998.00₹557.00₹1,253.2015
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
Analyst Price Target
Consensus Narrative from 18 Analysts
₹1.45k
Fair Value
19.1% undervalued intrinsic discount
18
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/19 05:56
End of Day Share Price 2025/01/17 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Macrotech Developers Limited is covered by 25 analysts. 17 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullAntique Stockbroking Ltd.
Pritesh ShethAxis Capital Limited
Samar SardaAxis Capital Limited