Lodha Developers Ltd

Lodha Developers maintains a conservative capital structure with a debt-to-equity ratio of 0.42 and a current ratio of 1.75, indicating adequate short-term liquidity coverage. The balance sheet shows total assets of INR 589.4 billion against total liabilities of INR 356.5 billion, with total equity standing at INR 232.9 billion. Long-term debt is recorded at INR 99.0 billion, while cash and equivalents amount to INR 35.9 billion, resulting in a net cash position that is negative after subtracting total debt, as flagged in the risk assessment.

Profitability metrics demonstrate strong returns, with a return on equity of 14.72% and a return on assets of 5.82%. The company reported net income of INR 34.3 billion on revenue of INR 166.8 billion, yielding a gross profit of INR 68.8 billion and operating income of INR 45.8 billion. These figures suggest efficient capital utilization and robust operational margins, although specific cohort median comparisons are not available to benchmark these returns against industry peers.

Revenue concentration and geographic exposure details are not provided in the available data, preventing a detailed analysis of segment-specific performance or regional risk distribution. The absence of segment and geography breakdowns limits the ability to assess diversification benefits or concentration risks within the company's portfolio.

Growth trajectory analysis is constrained by the lack of historical period data, such as five-year annual or eight-quarter quarterly revenue and net income trends. Without this historical context, it is not possible to evaluate the consistency of revenue growth or earnings stability over time, leaving the growth narrative reliant solely on the latest financial snapshot.

Risk factors include a medium liquidity risk rating and low dilution risk, with a key flag noting that net cash is negative after subtracting total debt. This suggests that while the company has sufficient current assets to cover short-term liabilities, its overall cash position relative to total debt obligations requires monitoring. The low dilution risk indicates that share count stability is likely, with basic and diluted shares outstanding both at 999.1 million.

Recent events and observations are limited to analyst estimates, which show a mean price target of INR 1,237.53 and a median price target of INR 1,240.00. The mean recommendation of 1.56, with 11 strong buys and 4 buys, reflects positive analyst sentiment. However, no specific filing, news, or transcript observations are available to provide further context on recent corporate actions or market developments.

Revenue grew 21% year-over-year to INR 166.8 billion in FY2026, demonstrating strong top-line expansion momentum.

Net income surged 24% to INR 34.3 billion in FY2026, reflecting robust profitability growth.

Free cash flow increased 39.6% to INR 31.0 billion in FY2026, indicating strong cash generation.

Analysts project 36.5% upside to a mean price target of INR 1,237.53, signaling positive market sentiment.

Long-term debt rose to INR 99.0 billion in FY2026, reversing the previous trend of debt reduction.

Cash conversion ratio of 0.28 is significantly below the cohort median of 1.2.

The company faces a medium level of liquidity risk according to internal risk assessments.

Revenue INR 47.13B; Operating income INR 13.02B.

• ▍Revenue INR 47.13B
• ▍Operating income INR 13.02B
• ▍Net margin 21.4%

Revenue INR 46.73B; Operating income INR 13.18B.

• ▍Revenue INR 46.73B
• ▍Operating income INR 13.18B
• ▍Net margin 20.5%

Revenue INR 37.98B; Operating income INR 10.37B.

• ▍Revenue INR 37.98B
• ▍Operating income INR 10.37B
• ▍Net margin 20.8%

Revenue INR 34.92B; Operating income INR 9.19B.

• ▍Revenue INR 34.92B
• ▍Operating income INR 9.19B
• ▍Net margin 19.3%

Revenue INR 166.76B, +21,0% YoY; Operating income +23,1% YoY.

• ▍Revenue INR 166.76B, +21,0% YoY
• ▍Operating income +23,1% YoY
• ▍Net income +24,0% YoY
• ▍Free cash flow +39,6% YoY
• ▍Net margin 20.6%

Revenue INR 137.79B, +33,6% YoY; Operating income +57,0% YoY.

• ▍Revenue INR 137.79B, +33,6% YoY
• ▍Operating income +57,0% YoY
• ▍Net income +78,5% YoY
• ▍Free cash flow +58,0% YoY
• ▍Net margin 20.1%

Revenue INR 103.16B, +8,9% YoY; Operating income +197,3% YoY.

• ▍Revenue INR 103.16B, +8,9% YoY
• ▍Operating income +197,3% YoY
• ▍Net income +218,3% YoY
• ▍Free cash flow +195,6% YoY
• ▍Net margin 15.0%

Revenue INR 94.70B, +2,6% YoY; Operating income −62,3% YoY.

• ▍Revenue INR 94.70B, +2,6% YoY
• ▍Operating income −62,3% YoY
• ▍Net income −59,5% YoY
• ▍Free cash flow −61,3% YoY
• ▍Net margin 5.1%

Revenue INR 92.33B; Operating income INR 21.12B.

• ▍Revenue INR 92.33B
• ▍Operating income INR 21.12B
• ▍Net margin 13.0%