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LODHA - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.9

Last Updated Time : 04 May 26, 11:33 am

Fundamental Rating: 3.9

Stock Code LODHA Market Cap 89,700 Cr. Current Price 898 ₹ High / Low 1,534 ₹
Stock P/E 30.7 Book Value 222 ₹ Dividend Yield 0.47 % ROCE 14.6 %
ROE 14.0 % Face Value 10.0 ₹ DMA 50 880 ₹ DMA 200 1,048 ₹
Chg in FII Hold -2.25 % Chg in DII Hold 1.45 % PAT Qtr 794 Cr. PAT Prev Qtr 1,146 Cr.
RSI 58.9 MACD 14.6 Volume 30,57,364 Avg Vol 1Wk 39,66,161
Low price 651 ₹ High price 1,534 ₹ PEG Ratio 0.59 Debt to equity 0.48
52w Index 28.0 % Qtr Profit Var 7.12 % EPS 29.2 ₹ Industry PE 27.0

📊 Lodha (Macrotech Developers) shows moderate fundamentals with a market cap of ₹89,700 Cr. and current price of ₹898, trading below its 200 DMA (₹1,048). Efficiency metrics are decent — ROE at 14.0% and ROCE at 14.6% — but valuations are slightly stretched with a P/E of 30.7 compared to the industry average of 27.0. Debt-to-equity at 0.48 indicates moderate leverage. EPS at ₹29.2 is healthy, though quarterly PAT dropped from ₹1,146 Cr. to ₹794 Cr., reflecting earnings volatility. PEG ratio at 0.59 suggests fair growth-adjusted valuation. Institutional flows are mixed, with FIIs reducing (-2.25%) and DIIs increasing (+1.45%).

💡 Entry Zone: ₹870–₹890 (near 50 DMA support)

📈 Long-Term Holding: Suitable for cautious accumulation, but investors should monitor debt levels and earnings consistency. Best for patient investors willing to hold through cyclical real estate trends.

✅ Positive

  • ROE (14.0%) and ROCE (14.6%) show decent efficiency
  • EPS of ₹29.2 supports earnings visibility
  • PEG ratio (0.59) indicates fair growth-adjusted valuation
  • DII holdings increased (+1.45%), showing domestic confidence
  • Dividend yield of 0.47% adds shareholder value

⚠️ Limitation

  • Valuation slightly above industry average (P/E 30.7 vs 27.0)
  • Quarterly PAT decline (₹1,146 Cr. → ₹794 Cr.)
  • Moderate debt-to-equity ratio (0.48)
  • FII holdings decreased (-2.25%), showing reduced foreign interest

📉 Company Negative News

  • Sequential profit decline in recent quarter
  • Stock trading below 200 DMA, indicating long-term weakness

📈 Company Positive News

  • Strong EPS base (₹29.2)
  • DII support increased (+1.45%)
  • Technical momentum improving (RSI 58.9, MACD positive)

🏭 Industry

  • Real estate sector trades at lower P/E (27.0), making Lodha slightly expensive
  • Sector outlook supported by urban housing demand and infrastructure growth

🔎 Conclusion

Lodha is fundamentally stable with decent efficiency and fair growth-adjusted valuation, but earnings volatility and moderate debt limit upside. Entry near ₹870–₹890 offers a risk-managed opportunity. Long-term investors should accumulate cautiously, focusing on sector recovery and earnings stability.

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