Fortune India 500 2025 edition
Rank#195- Total income
- ₹14,170 Cr
- Profit
- ₹2,764 Cr
Last year #234
Lodha Developers Limited - real estate and construction in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Active Listed - NSE: LODHA · BSE: 543287 Public Limited Company real estate and construction Fortune India 500 · #195 Nifty 500
Market Cap
₹1,00,581 Cr
LODHA · NSE
Share Price
₹963.00
-4.31% today
Revenue
₹16,676 Cr
FY 2025-26 · +21.0% YoY
EBITDA
₹4,923 Cr
Margin 29.5%
Net Profit
₹3,363 Cr
FY 2025-26 · +30.1% YoY
P/E (TTM)
24.6x
P/B 4.4x
ROE
16.1%
ROCE 16.7%
Debt / Equity
0.40
Interest cover 14.4x
About Lodha Developers Limited
Data last updated:
Lodha Developers Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Sambhavnath Infrabuild And Farms Private Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 25 September 1995 and has been in existence for over 31 years.
Lodha Developers is ranked #195 on the Fortune India 500 (2025). It is part of the Nifty 500 and BSE 500 indices.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L45200MH1995PLC093041. Its GSTIN is 27AAACL1490J1ZG (Maharashtra). The company holds 3 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 543287 and NSE: LODHA.
The company has an authorised share capital of ₹1,307.84 Cr and a paid-up capital of ₹999.12 Cr. It was formerly known as Lodha Developers Private Limited. It is led by directors including Abhishek Mangalprabhat Lodha (Managing Director) and Sushil Kumar Modi (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹16,676 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹3,363.03 Cr (net margin 20.2%) and EBITDA of ₹4,923 Cr (EBITDA margin 29.5%). The net worth stands at ₹23,311 Cr (up 15.4% YoY). Total assets are valued at ₹33,717 Cr (up 22.3% YoY).
The company has about 4,691 employees on its provident fund (EPFO) records. Its group structure includes 15 subsidiaries and 5 joint ventures.
The company is associated with 3 brands: Lodha Group, Palava City and Lodha Group. As per MCA filings, the company has open charges of ₹17,708 Cr and satisfied charges of ₹79,103 Cr on record. Court records list 983 cases involving the company, including 329 filed by the company and 654 filed against it; 318 cases are pending. The company has 42 deals on record (21 secondary share transfers, 12 market trades, 3 funding rounds), with disclosed funding of ₹500.15 Cr; the latest was in June 2026. The company has 13 MSME Form 1 returns on record between 2019 and 2024, listing 1,839 overdue payments to 305 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website lodhagroup.in.
Company details
CIN L45200MH1995PLC093041
Registration Number 093041
Incorporation Date 25 September 1995
ROC Mumbai
Listing Status Listed - Listed on NSE (LODHA); Listed on BSE (543287)
Company Status Active
Date of Last AGM 29 August 2025
Date of Balance Sheet 31 March 2026
Parent Company Sambhavnath Infrabuild And Farms Private Limited
Compliance Status Active Compliant
Name history
Lodha Developers has undergone 5 name changes throughout its history. The current legal name is Lodha Developers Limited.
| Company Name | Status |
|---|---|
| Lodha Developers Limited | Current |
| Lodha Developers Private Limited | Previous |
| Bellissimo Developers Limited | Previous |
| Ld Group Limited | Previous |
| Lodha Developers Pvt Limited | Previous |
CIN history
Lodha Developers has one previous CIN (Corporate Identification Number): U45200MH1995PLC093041. The current CIN is L45200MH1995PLC093041, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L45200MH1995PLC093041 | Current |
| U45200MH1995PLC093041 | Previous |
Key People
Abhishek Mangalprabhat Lodha Managing Director Sushil Kumar Modi Whole-Time Director Shaishav Pankaj Dharia Whole-Time Director Recognitions & Rankings of Lodha Developers
India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#43- Valuation
- ₹1,36,840 Cr
2023 #58 2022 #87 2021 #88
Stock market indices
Nifty 500 BSE 500
Contact details
Lodha Developers Limited's registered office is in Mumbai, Maharashtra. Its website is lodhagroup.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address412 Floor – 4 17G Vardhaman Chamber Cawasji Patel Road Horniman Circle For, T, Mumbai, Maharashtra, India – 400001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Lodha Developers Limited, buy the company report.
Comprehensive company report
Lodha Developers Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Lodha Developers operates multiple associated brands including Lodha Group, Palava City, and Lodha Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Developer of residential and commercial real estate properties | lodhagroup.com | |
| A 4500-acre planned township is developed in Maharashtra. | palava.in | |
| Residential and commercial properties are developed across various formats. | lodhagroup.in |
Business activity
The main business activity of Lodha Developers is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Lodha Developers Limited, buy the company report.
Financials of Lodha Developers Limited
FY 2025-26 filings availableLodha Developers Limited reported revenue of ₹16,676 Cr (up 21% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹16,676 Cr
+21.0% YoY
EBITDA
₹4,923 Cr
+23.4% YoY
Profit After Tax
₹3,363 Cr
+30.1% YoY
Net Worth
₹23,311 Cr
+15.4% YoY
Total Assets
₹33,717 Cr
+22.3% YoY
Total Debt
₹9,871 Cr
+39.5% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 16,676 | 13,780 | 10,316 | 9,470 | 9,233 | 5,449 | 12,443 |
| Revenue growth | +21.0% | +33.6% | +8.9% | +2.6% | +69.5% | -56.2% | - |
| EBITDA | 4,923 | 3,989 | 2,560 | 886 | 2,186 | 920 | 1,917 |
| EBITDA margin | +29.5% | +29.0% | +24.8% | +9.4% | +23.7% | +16.9% | +15.4% |
| Profit before tax | 4,371 | 3,556 | 2,028 | 452 | 1,716 | 33.16 | 1,003 |
| Net profit | 3,363 | 2,585 | 1,618 | 880 | 1,200 | 394 | 718 |
| Net profit margin | +20.2% | +18.8% | +15.7% | +9.3% | +13.0% | +7.2% | +5.8% |
| EPS (₹) | 34.32 | 27.71 | 15.58 | 10.10 | 24.97 | 1.01 | 18.38 |
| Balance sheet | |||||||
| Total assets | 33,717 | 27,562 | 25,348 | 22,056 | 24,084 | 23,759 | 23,919 |
| Net worth | 23,311 | 20,196 | 17,482 | 12,672 | 12,105 | 4,599 | 4,552 |
| Total debt | 9,871 | 7,076 | 7,684 | 9,051 | 11,537 | 18,193 | 18,423 |
| Cash & bank | 3,586 | 1,742 | 2,635 | 1,824 | 1,246 | 367 | 187 |
| Net working capital | 28,953 | 24,239 | 20,837 | 18,650 | 19,169 | 15,988 | 15,423 |
| Cash flow | |||||||
| Cash from operations | 959 | 1,566 | 2,512 | 2,750 | 1,998 | 2,524 | 3,772 |
| Cash from investing | (780) | 46.70 | (2,947) | 1,789 | 1,139 | 420 | 182 |
| Cash from financing | 1,589 | (2,506) | 951 | (3,706) | (2,888) | (2,835) | (4,188) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,997 | 4,714 | 4,672 | 3,798 | 3,492 | 4,224 | 4,083 | 2,626 |
| Revenue growth (YoY) | +43.1% | +11.6% | +14.4% | +44.7% | +22.7% | - | - | - |
| Other income | 102 | 129 | 110 | 80.40 | 133 | 196 | 63.90 | 58.90 |
| EBITDA | 1,922 | 1,413 | 1,415 | 1,108 | 984 | 1,220 | 1,306 | 704 |
| EBITDA margin | +38.5% | +30.0% | +30.3% | +29.2% | +28.2% | +28.9% | +32.0% | +26.8% |
| Depreciation | 69.20 | 111 | 97.50 | 71.40 | 65.90 | 77.80 | 67.20 | 66.50 |
| Interest | 179 | 167 | 185 | 156 | 148 | 152 | 144 | 136 |
| Profit before tax | 1,776 | 1,264 | 1,243 | 961 | 904 | 1,186 | 1,158 | 560 |
| Tax | 403 | 256 | 285 | 171 | 228 | 264 | 214 | 137 |
| Net profit | 1,373 | 1,008 | 958 | 790 | 675 | 923 | 945 | 423 |
| EPS (₹) | 13.70 | 10.07 | 9.56 | 7.87 | 6.74 | 9.22 | 9.45 | 4.23 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 14,542 | 13,307 | 9,460 | 9,225 | 8,353 | 4,300 | 8,115 |
| Revenue growth | +9.3% | +40.7% | +2.5% | +10.4% | +94.3% | -47.0% | - |
| EBITDA | 3,869 | 3,738 | 2,062 | 811 | 1,965 | 530 | 1,349 |
| EBITDA margin | +26.6% | +28.1% | +21.8% | +8.8% | +23.5% | +12.3% | +16.6% |
| Profit before tax | 3,673 | 3,234 | 1,584 | 413 | 1,599 | (204) | 655 |
| Net profit | 2,884 | 2,257 | 1,278 | 824 | 1,132 | 325 | 794 |
| Net profit margin | +19.8% | +17.0% | +13.5% | +8.9% | +13.6% | +7.6% | +9.8% |
| EPS (₹) | 29.23 | 24.24 | 11.70 | 9.46 | 23.54 | (4.69) | 10.94 |
| Balance sheet | |||||||
| Total assets | 33,067 | 27,730 | 25,928 | 23,303 | 23,274 | 19,243 | 21,435 |
| Net worth | 22,211 | 19,585 | 16,994 | 12,572 | 12,176 | 4,154 | 4,337 |
| Total debt | 10,725 | 8,033 | 8,875 | 10,590 | 10,832 | 14,815 | 16,897 |
| Cash & bank | 2,913 | 1,482 | 2,500 | 1,700 | 1,021 | 214 | 116 |
| Net working capital | 25,246 | 24,323 | 20,931 | 19,188 | 17,506 | 14,138 | 15,612 |
| Cash flow | |||||||
| Cash from operations | 1,486 | 1,610 | 1,780 | 1,633 | 1,961 | 3,456 | 2,000 |
| Cash from investing | (1,532) | (55.40) | (1,931) | 1,684 | (1,624) | 496 | (147) |
| Cash from financing | 1,436 | (2,532) | 667 | (2,377) | (202) | (3,873) | (1,985) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,378 | 3,902 | 4,307 | 2,983 | 3,349 | 3,890 | 4,016 | 2,590 |
| Revenue growth (YoY) | +30.7% | +0.3% | +7.3% | +15.2% | +19.2% | - | - | - |
| Other income | 116 | 268 | 399 | 63.90 | 146 | 155 | 87.20 | 91.20 |
| Total expenses | 2,853 | 2,938 | 2,979 | 2,366 | 2,392 | 2,843 | 2,744 | 1,908 |
| EBITDA | 1,525 | 963 | 1,328 | 618 | 958 | 1,047 | 1,271 | 682 |
| EBITDA margin | +34.8% | +24.7% | +30.8% | +20.7% | +28.6% | +26.9% | +31.7% | +26.3% |
| Depreciation | 64.70 | 92.70 | 98.80 | 65.40 | 62.80 | 64.60 | 66.00 | 78.80 |
| Interest | 199 | 179 | 212 | 187 | 173 | 161 | 186 | 171 |
| Profit before tax | 1,377 | 960 | 1,416 | 429 | 868 | 977 | 1,107 | 523 |
| Tax | 327 | 166 | 270 | 93.70 | 224 | 236 | 275 | 130 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 23 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,997 | 4,714 | 4,672 | 3,798 | 3,492 | 4,224 | 4,083 | 2,626 |
| Revenue growth (YoY) | +43.1% | +11.6% | +14.4% | +44.7% | +22.7% | - | - | - |
| Other income | 102 | 129 | 110 | 80.40 | 133 | 196 | 63.90 | 58.90 |
| EBITDA | 1,922 | 1,413 | 1,415 | 1,108 | 984 | 1,220 | 1,306 | 704 |
| EBITDA margin | +38.5% | +30.0% | +30.3% | +29.2% | +28.2% | +28.9% | +32.0% | +26.8% |
| Depreciation | 69.20 | 111 | 97.50 | 71.40 | 65.90 | 77.80 | 67.20 | 66.50 |
| Interest | 179 | 167 | 185 | 156 | 148 | 152 | 144 | 136 |
| Profit before tax | 1,776 | 1,264 | 1,243 | 961 | 904 | 1,186 | 1,158 | 560 |
| Tax | 403 | 256 | 285 | 171 | 228 | 264 | 214 | 137 |
| Net profit | 1,373 | 1,008 | 958 | 790 | 675 | 923 | 945 | 423 |
| EPS (₹) | 13.70 | 10.07 | 9.56 | 7.87 | 6.74 | 9.22 | 9.45 | 4.23 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 16,676 | 13,780 | 10,316 | 9,470 | 9,233 | 5,449 | 12,443 |
| Revenue growth | +21.0% | +33.6% | +8.9% | +2.6% | +69.5% | -56.2% | - |
| Other income | 452 | 390 | 153 | 141 | 293 | 323 | 119 |
| Total expenses | 11,753 | 9,791 | 7,756 | 8,584 | 7,047 | 4,529 | 10,526 |
| Employee cost | 659 | 543 | 471 | 424 | 354 | 286 | 390 |
| EBITDA | 4,923 | 3,989 | 2,560 | 886 | 2,186 | 920 | 1,917 |
| EBITDA margin | +29.5% | +29.0% | +24.8% | +9.4% | +23.7% | +16.9% | +15.4% |
| Depreciation | 345 | 272 | 204 | 92.80 | 74.80 | 73.42 | 292 |
| Interest | 659 | 552 | 482 | 482 | 688 | 1,136 | 740 |
| Profit before tax | 4,371 | 3,556 | 2,028 | 452 | 1,716 | 33.16 | 1,003 |
| Tax | 941 | 789 | 473 | (37.00) | 508 | (14.73) | 262 |
| Net profit | 3,363 | 2,585 | 1,618 | 880 | 1,200 | 394 | 718 |
| Net profit margin | +20.2% | +18.8% | +15.7% | +9.3% | +13.0% | +7.2% | +5.8% |
| EPS (₹) | 34.32 | 27.71 | 15.58 | 10.10 | 24.97 | 1.01 | 18.38 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 1,024 | 1,016 | 1,008 | 491 | 482 | 396 | 396 |
| Reserves & surplus | 22,286 | 19,179 | 16,475 | 12,181 | 11,624 | 4,203 | 4,156 |
| Shareholders' funds (net worth) | 23,311 | 20,196 | 17,482 | 12,672 | 12,105 | 4,599 | 4,552 |
| Minority interest | 143 | 67.00 | 64.70 | 59.60 | 56.80 | 527 | 519 |
| Secured loans | 9,849 | 7,062 | 7,667 | 9,039 | 11,512 | 18,033 | 18,098 |
| Unsecured loans | 22.00 | 13.60 | 17.80 | 11.70 | 24.60 | 160 | 326 |
| Total debt | 9,871 | 7,076 | 7,684 | 9,051 | 11,537 | 18,193 | 18,423 |
| Total liabilities | 33,717 | 27,562 | 25,348 | 22,056 | 24,084 | 23,759 | 23,919 |
| Assets | |||||||
| Gross block | 5,318 | 3,699 | 3,235 | 3,735 | 3,993 | 3,945 | 3,951 |
| Net block | 2,641 | 1,368 | 1,169 | 1,828 | 1,923 | 1,946 | 2,021 |
| Capital work in progress | 10.20 | 3.60 | 3.70 | 0.00 | 0.00 | 6.29 | 6.29 |
| Investments | 1,454 | 1,250 | 2,500 | 246 | 574 | 1,579 | 1,553 |
| Inventories | 40,254 | 36,476 | 33,993 | 30,117 | 27,358 | 28,301 | 29,031 |
| Sundry debtors | 1,472 | 776 | 800 | 739 | 645 | 655 | 794 |
| Cash & bank balances | 3,586 | 1,742 | 2,635 | 1,824 | 1,246 | 367 | 187 |
| Loans & advances | 8,578 | 7,195 | 5,122 | 3,035 | 4,124 | 2,216 | 2,185 |
| Total current assets | 53,890 | 46,188 | 42,550 | 35,715 | 33,373 | 31,538 | 32,197 |
| Total current liabilities | 24,937 | 21,949 | 21,713 | 17,065 | 14,204 | 15,549 | 16,774 |
| Net working capital | 28,953 | 24,239 | 20,837 | 18,650 | 19,169 | 15,988 | 15,423 |
| Total assets | 33,717 | 27,562 | 25,348 | 22,056 | 24,084 | 23,759 | 23,919 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 934 | 1,827 | 1,311 | 477 | 228 | 119 | 353 |
| Net cash from operating activities | 959 | 1,566 | 2,512 | 2,750 | 1,998 | 2,524 | 3,772 |
| Net cash from investing activities | (780) | 46.70 | (2,947) | 1,789 | 1,139 | 420 | 182 |
| Net cash from financing activities | 1,589 | (2,506) | 951 | (3,706) | (2,888) | (2,835) | (4,188) |
| Net change in cash | 1,769 | (893) | 516 | 834 | 250 | 109 | (234) |
| Closing cash | 3,586 | 1,742 | 2,635 | 1,824 | 1,246 | 367 | 187 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +21.0% | +33.6% | +8.9% | +2.6% | +69.5% | -56.2% | - |
| EBITDA growth | +23.4% | +55.8% | +188.8% | -59.5% | +137.7% | -52.0% | - |
| PBT growth | +22.9% | +75.4% | +348.1% | -73.6% | +5076.4% | -96.7% | -59.7% |
| Net income growth | +30.1% | +59.7% | +83.9% | -26.7% | +204.5% | -45.1% | - |
| Revenue CAGR (3Y) | +20.8% | +14.3% | +23.7% | -8.7% | -8.1% | -17.4% | +16.2% |
| EBITDA CAGR (3Y) | +77.1% | +22.2% | +40.7% | -22.7% | -11.7% | -18.2% | +5.9% |
| Profitability & leverage | |||||||
| Net income margin | +20.6% | +20.1% | +15.1% | +5.2% | +13.1% | +0.9% | +6.0% |
| Return on capital employed | +16.7% | +15.8% | +10.8% | +8.8% | +10.4% | +7.1% | +6.7% |
| Return on net worth | +16.1% | +15.1% | +10.6% | +7.4% | +15.3% | +9.7% | +19.7% |
| Debt / equity | 0.40 | 0.40 | 0.57 | 0.86 | 1.88 | 4.42 | 5.85 |
| Long-term debt / equity | 0.16 | 0.10 | 0.16 | 0.24 | 0.47 | 0.76 | 0.35 |
| Interest cover | 14.39 | 14.84 | 20.45 | 60.73 | 32.58 | 134.25 | 45.54 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 4.10 | 4.55 | 3.38 | 2.76 | 2.61 | 1.55 | 3.59 |
| Inventory turnover | 0.43 | 0.39 | 0.32 | 0.33 | 0.33 | 0.19 | 0.35 |
| Debtors turnover | 14.83 | 17.48 | 13.40 | 13.68 | 14.21 | 7.52 | 19.46 |
| EPS (₹) | 34.32 | 27.71 | 15.58 | 10.10 | 24.97 | 1.01 | 18.38 |
| Dividend per share (₹) | 4.25 | 4.25 | 2.25 | 2.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 228.67 | 197.85 | 171.22 | 253.83 | 242.40 | 105.30 | 104.12 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 4,378 | 3,902 | 4,307 | 2,983 | 3,349 | 3,890 | 4,016 | 2,590 |
| Revenue growth (YoY) | +30.7% | +0.3% | +7.3% | +15.2% | +19.2% | - | - | - |
| Other income | 116 | 268 | 399 | 63.90 | 146 | 155 | 87.20 | 91.20 |
| Total expenses | 2,853 | 2,938 | 2,979 | 2,366 | 2,392 | 2,843 | 2,744 | 1,908 |
| EBITDA | 1,525 | 963 | 1,328 | 618 | 958 | 1,047 | 1,271 | 682 |
| EBITDA margin | +34.8% | +24.7% | +30.8% | +20.7% | +28.6% | +26.9% | +31.7% | +26.3% |
| Depreciation | 64.70 | 92.70 | 98.80 | 65.40 | 62.80 | 64.60 | 66.00 | 78.80 |
| Interest | 199 | 179 | 212 | 187 | 173 | 161 | 186 | 171 |
| Profit before tax | 1,377 | 960 | 1,416 | 429 | 868 | 977 | 1,107 | 523 |
| Tax | 327 | 166 | 270 | 93.70 | 224 | 236 | 275 | 130 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 14,542 | 13,307 | 9,460 | 9,225 | 8,353 | 4,300 | 8,115 |
| Revenue growth | +9.3% | +40.7% | +2.5% | +10.4% | +94.3% | -47.0% | - |
| Other income | 877 | 428 | 319 | 255 | 91.40 | 146 | 335 |
| Total expenses | 10,673 | 9,568 | 7,398 | 8,414 | 6,388 | 3,770 | 6,765 |
| Employee cost | 605 | 538 | 463 | 411 | 344 | 257 | 280 |
| EBITDA | 3,869 | 3,738 | 2,062 | 811 | 1,965 | 530 | 1,349 |
| EBITDA margin | +26.6% | +28.1% | +21.8% | +8.8% | +23.5% | +12.3% | +16.6% |
| Depreciation | 320 | 266 | 251 | 124 | 56.10 | 57.29 | 243 |
| Interest | 753 | 666 | 545 | 529 | 402 | 823 | 786 |
| Profit before tax | 3,673 | 3,234 | 1,584 | 413 | 1,599 | (204) | 655 |
| Tax | 753 | 816 | 420 | (43.40) | 465 | (17.93) | 222 |
| Net profit | 2,884 | 2,257 | 1,278 | 824 | 1,132 | 325 | 794 |
| Net profit margin | +19.8% | +17.0% | +13.5% | +8.9% | +13.6% | +7.6% | +9.8% |
| EPS (₹) | 29.23 | 24.24 | 11.70 | 9.46 | 23.54 | (4.69) | 10.94 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 999 | 998 | 994 | 482 | 482 | 396 | 396 |
| Reserves & surplus | 21,212 | 18,586 | 15,999 | 12,090 | 11,695 | 3,758 | 3,941 |
| Shareholders' funds (net worth) | 22,211 | 19,585 | 16,994 | 12,572 | 12,176 | 4,154 | 4,337 |
| Secured loans | 9,420 | 6,668 | 6,353 | 8,264 | 9,790 | 12,298 | 14,873 |
| Unsecured loans | 1,305 | 1,364 | 2,522 | 2,326 | 1,042 | 2,518 | 2,024 |
| Total debt | 10,725 | 8,033 | 8,875 | 10,590 | 10,832 | 14,815 | 16,897 |
| Total liabilities | 33,067 | 27,730 | 25,928 | 23,303 | 23,274 | 19,243 | 21,435 |
| Assets | |||||||
| Gross block | 4,745 | 3,171 | 3,149 | 3,731 | 3,627 | 3,374 | 3,377 |
| Net block | 2,144 | 890 | 1,129 | 1,955 | 1,712 | 1,627 | 1,685 |
| Capital work in progress | 191 | 0.00 | 0.00 | 0.00 | 0.00 | 6.29 | 6.29 |
| Investments | 2,943 | 1,387 | 2,385 | 380 | 612 | 1,059 | 1,058 |
| Inventories | 36,588 | 34,119 | 32,830 | 28,666 | 25,909 | 23,762 | 25,371 |
| Sundry debtors | 888 | 732 | 763 | 731 | 511 | 581 | 731 |
| Cash & bank balances | 2,913 | 1,482 | 2,500 | 1,700 | 1,021 | 214 | 116 |
| Loans & advances | 9,096 | 9,743 | 6,408 | 5,140 | 4,183 | 2,306 | 2,399 |
| Total current assets | 49,485 | 46,076 | 42,500 | 36,238 | 31,624 | 26,862 | 28,616 |
| Total current liabilities | 24,239 | 21,752 | 21,569 | 17,049 | 14,118 | 12,725 | 13,004 |
| Net working capital | 25,246 | 24,323 | 20,931 | 19,188 | 17,506 | 14,138 | 15,612 |
| Total assets | 33,067 | 27,730 | 25,928 | 23,303 | 23,274 | 19,243 | 21,435 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 816 | 1,794 | 1,275 | 334 | 200 | 84.12 | 215 |
| Net cash from operating activities | 1,486 | 1,610 | 1,780 | 1,633 | 1,961 | 3,456 | 2,000 |
| Net cash from investing activities | (1,532) | (55.40) | (1,931) | 1,684 | (1,624) | 496 | (147) |
| Net cash from financing activities | 1,436 | (2,532) | 667 | (2,377) | (202) | (3,873) | (1,985) |
| Net change in cash | 1,389 | (977) | 516 | 941 | 134 | 78.61 | (131) |
| Closing cash | 2,913 | 1,482 | 2,500 | 1,700 | 1,021 | 214 | 116 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +9.3% | +40.7% | +2.5% | +10.4% | +94.3% | -47.0% | - |
| EBITDA growth | +3.5% | +81.3% | +154.3% | -58.7% | +270.9% | -60.7% | - |
| PBT growth | +13.6% | +104.1% | +283.9% | -74.2% | +9998.0% | - | -64.9% |
| Net income growth | +27.8% | +76.7% | +55.1% | -27.2% | +248.5% | -59.1% | - |
| Revenue CAGR (3Y) | +16.4% | +16.8% | +30.1% | +4.4% | -4.3% | -16.7% | +11.4% |
| EBITDA CAGR (3Y) | +68.4% | +23.9% | +57.3% | -15.6% | -6.6% | -27.1% | +6.3% |
| Profitability & leverage | |||||||
| Net income margin | +20.1% | +18.2% | +12.3% | +4.9% | +13.6% | -4.3% | +5.3% |
| Return on capital employed | +15.0% | +13.5% | +8.8% | +8.8% | +9.6% | +5.4% | +9.5% |
| Return on net worth | +14.4% | +12.4% | +8.1% | +6.9% | +14.7% | +8.5% | +21.1% |
| Debt / equity | 0.46 | 0.47 | 0.68 | 0.90 | 1.66 | 4.16 | 4.50 |
| Long-term debt / equity | 0.11 | 0.06 | 0.11 | 0.17 | -74.24 | 0.15 | 0.12 |
| Interest cover | 21.21 | 19.19 | 30.11 | 77.06 | 21.05 | 174.05 | 71.03 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 4.09 | 4.59 | 3.15 | 2.84 | 2.72 | 1.46 | 3.17 |
| Inventory turnover | 0.42 | 0.38 | 0.31 | 0.34 | 0.34 | 0.18 | 0.31 |
| Debtors turnover | 17.99 | 17.01 | 12.67 | 14.85 | 15.30 | 6.56 | 14.26 |
| EPS (₹) | 29.23 | 24.24 | 11.70 | 9.46 | 23.54 | (4.69) | 10.94 |
| Dividend per share (₹) | 4.25 | 4.25 | 2.25 | 2.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 217.91 | 191.91 | 166.44 | 251.94 | 243.88 | 94.06 | 98.69 |
To see the full year-wise statements and ratios of Lodha Developers Limited, buy the company report.
Board of directors of Lodha Developers Limited
Lodha Developers has 9 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mukund Manohar Chitale Also directs: Bhageria Industries Limited, Ptva Foundation | Director | 23 Nov 2016 | 9 Years 11 Months | Current |
| Lee Anthony Polisano | Director | 30 Jul 2021 | 5 Years 2 Months | Current |
| Rajinder Pal Singh Also directs: Nirlon Limited, Irb Infrastructure Private Limited | Director | 01 Jan 2016 | 10 Years 9 Months | Current |
| Abhishek Mangalprabhat Lodha | Managing Director | 09 Mar 2016 | 10 Years 7 Months | Current |
| Rajeev Bakshi Also directs: Dalmia Bharat Sugar and Industries Limited, VST Industries Limited, Mother Dairy Fruit and Vegetable Private Limited and 1 more | Director | 29 Jun 2022 | 4 Years 3 Months | Current |
| Sushil Kumar Modi | Whole-Time Director | 25 Jan 2025 | 1 Years 8 Months | Current |
Showing 6 of 9 current directors. View all directors
Auditor
Lodha Developers Limited is audited by M S K A & Associates for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M S K A & Associates | FY 2024 | 105047W |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 70.30%, foreign institutional investors hold 23.60%, domestic institutional investors hold 3.60% and retail and other public shareholders hold 2.50%.
Sep 2026
QUARTER
70.30% Promoters
3.60% DII (Domestic Institutional)
23.60% FII (Foreign Institutional)
2.50% Retail & Others
Promoter holding - history
Now 70.30% · Sep 2026High 72.30% · Jun 2026Low 70.30% · Sep 2026
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 70.30% | 72.30% | 71.80% | 71.90% |
| Public | 29.70% | 27.70% | 28.20% | 28.10% |
Charges & borrowings
Open charges
₹17,708 Cr
Satisfied charges
₹79,103 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Jun 2026 | 101304770 | Hdfc Bank Limited | ₹485 Cr | Open | |
| 05 Jun 2026 | 101304768 | Hdfc Bank Limited | ₹425 Cr | Open | |
| 24 Mar 2026 | 101286190 | Idbi Trusteeship Services Limited | ₹500 Cr | Open | |
| 08 Nov 2025 | 101197686 | Others | ₹250 Cr | Open | |
| 31 Oct 2025 | 101180388 | Hdfc Bank Limited | ₹200 Cr | Open |
To see the full charge records of Lodha Developers Limited, buy the company report.
Total charge records: 343 View all charges
Deals & funding
Lodha Developers Limited has 42 deals on record (21 secondary share transfers, 12 market trades, 3 funding rounds), with disclosed funding of ₹500.15 Cr; the latest was in June 2026.
Total deals
42
Secondary share transfers
21
Market trades
12
Funding rounds
3
QIPs
2
Disclosed funding
₹500.15 Cr
Deals on record (5 of 42)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2026 | Market trade | ₹1,634.11 Cr | Buyer: Fmrc Fidelity Advisor International Capital Appreciation Fund Seller: Hightown Constructions Private Limited |
| Jun 2026 | Market trade | ₹1,864.57 Cr | Buyer: Fmrc Fidelity Advisor International Capital Appreciation Fund, Frst Ii Strat Adv Fide Interl Fund, Fidelity Investment Trust Fidelity International Capital Appreciation K6 Fd Seller: Hightown Constructions Private Limited , Homecraft Developers and Farms Private Limited |
| Mar 2024 | Market trade | ₹586.72 Cr | Seller: Sambhavnath Infrabuild and Farms Private Limited |
| Mar 2024 | QIP | ₹3,281.85 Cr | Investors: Invesco Developing Markets Fund, Gqg Partners Emerging Markets Equity Fund, Stichting Depositary Apg Emerging Markets Equity Pool |
| Nov 2021 | QIP | ₹4,000 Cr | Investors: New World Fund Inc, Invesco Oppenheimer Developing Markets Fund, GIC Singapore |
To see the full deal history of Lodha Developers Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Lodha Developers Limited has 983 court cases on record: 329 filed by Lodha Developers, 654 filed against it. 318 cases are pending and 665 are disposed.
Total cases
983
Filed by the company
329
Filed against the company
654
Pending
318
Disposed
665
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 497 | 344 | 180 |
| High courts | 431 | 276 | 119 |
| Supreme Court | 28 | 21 | 5 |
| NCLAT | 21 | 11 | 14 |
| NCLT | 6 | 2 | 0 |
Cases on record (5 of 983)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1301-Consumer Disputes and RERA : Appeals under Section 23 of Consumer Protection Act, 1986 and/or under Section 67 of Consumer Protection Act, 2019) | Filed by the company against Adriatica Co Op Housing Society Ltd. and 1 other | Pending |
| Supreme Court | Court case (1601-Direct Taxation : Income Tax Act, 1961, Wealth Tax Act, 1957, Gift Tax Act, 1958, Excess Profits Tax Act, 1940, Business Profit Tax Act, 1947 [other than matters covered by categories 1602-1605]) | Filed against the company by The Deputy Commissioner of Income Tax Central Circle 7(3) and 3 others | Disposed |
| Supreme Court | Court case (1301-Consumer Disputes and RERA : Appeals under Section 23 of Consumer Protection Act, 1986 and/or under Section 67 of Consumer Protection Act, 2019) | Filed against the company by individuals | Disposed |
| Supreme Court | Court case (1301-Consumer Disputes and RERA : Appeals under Section 23 of Consumer Protection Act, 1986 and/or under Section 67 of Consumer Protection Act, 2019) | Filed against the company by an individual | Disposed |
| Supreme Court | Court case (1301-Consumer Disputes and RERA : Appeals under Section 23 of Consumer Protection Act, 1986 and/or under Section 67 of Consumer Protection Act, 2019) | Filed against the company by individuals | Disposed |
To see the full case history of Lodha Developers Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Lodha Developers Limited was last rated by Brickwork on 09 Sep 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 09 Sep 2020 |
To see the full credit ratings and regulatory alerts of Lodha Developers Limited, buy the company report.
MSME payment delays
Lodha Developers Limited has 13 MSME Form 1 returns on record between 2019 and 2024, listing 1,839 overdue payments to 305 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 305)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| S V Construction | |||
| Aqua Lab All Building Material Testing Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Lodha Developers Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Lodha Developers has 15 subsidiary companies, 5 joint ventures, and 1 associated company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
15
Subsidiary companies
5
Joint ventures
1
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| National Standard (India) Limited | L27109MH1962PLC265959 | |
| Roselabs Finance Limited | L70100MH1995PLC318333 | |
| Sanathnagar Enterprises Limited | L99999MH1947PLC252768 | |
| Palava City Management Private Limited | U40100MH2008PTC177500 | |
| Goel Ganga Ventures India Private Limited | U45201PN2020PTC192067 | |
| Cowtown Infotech Services Limited | U70100MH1985PLC038213 |
To see the full group structure of Lodha Developers Limited, buy the company report.
Employees & EPFO
Lodha Developers Limited has a workforce of 4,691 employees on its EPFO records as of Feb 06, 2025, across 1 active EPFO establishment.
Employee count
4,691
Active EPFO establishments
1
Employee growth
6.47%
GST
Lodha Developers has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACL1490J1ZG | Maharashtra | Active | 01 Jul 2017 |
| 29AAACL1490J1ZC | Karnataka | Active | 07 Dec 2022 |
| 24AAACL1490J1ZM | Gujarat | Active | 13 Dec 2024 |
To see the full GST registrations and return filing status of Lodha Developers Limited, buy the company report.
Recent activity
Lodha Developers Limited has 49 board changes on record since 1995: 30 appointments and 19 cessations. The latest: Akhil Kumar Gupta was appointed as Director on 24 Apr 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 485.00 Cr with Charge ID 101304770 was registered on 05 Jun 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 425.00 Cr with Charge ID 101304768 was registered on 05 Jun 2026.
Charges
A charge with Others of Rs. 780.00 Cr registered on 28 Mar 2023 with Charge ID 100702475 was modified on 05 Jun 2026.
Charges
A charge registered on 24 Mar 2021 via Charge ID 100439094 with Idbi Trusteeship Services Limited was fully satisfied on 15 May 2026.
Charges
A charge registered on 24 Mar 2021 via Charge ID 100439109 with Idbi Trusteeship Services Limited was fully satisfied on 15 May 2026.
Charges
A charge registered on 25 May 2020 via Charge ID 100342532 with Idbi Trusteeship Services Limited was fully satisfied on 15 May 2026.
Charges
A charge registered on 04 Oct 2017 via Charge ID 100125765 with Idbi Trusteeship Services Limited was fully satisfied on 15 May 2026.
Charges
A charge registered on 08 Feb 2017 via Charge ID 100090395 with Idbi Trusteeship Services Limited was fully satisfied on 15 May 2026.
Charges
A charge registered on 08 Feb 2017 via Charge ID 100090790 with Idbi Trusteeship Services Limited was fully satisfied on 15 May 2026.
Charges
A charge registered on 08 Feb 2017 via Charge ID 100090505 with Idbi Trusteeship Services Limited was fully satisfied on 15 May 2026.
Charges
A charge registered on 25 Oct 2016 via Charge ID 100059928 with Idbi Trusteeship Services Limited was fully satisfied on 15 May 2026.
Charges
A charge registered on 29 Mar 2016 via Charge ID 100030784 with Idbi Trusteeship Services Limited was fully satisfied on 15 May 2026.
776 earlier events are in the company report.
News
Lodha: Aims For ₹4,100–4,200 Crore PAT In FY27; Plans ₹10,000–11,000 Crore Investment For 1 GW Data Centre With Expected ₹2,000–2,500 Crore Yearly Rental By FY32.
From our blog
Frequently asked questions
Lodha Developers is an active public limited company based in Mumbai, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 25 September 1995 (31+ years old) and is registered under CIN L45200MH1995PLC093041. Listed on BSE: 543287 and NSE: LODHA.
Lodha Developers reported revenue of ₹16,676 Cr for FY 2025-26 (up 21% YoY) based on consolidated financials.
Lodha Developers has 9 current directors:
- Abhishek Mangalprabhat Lodha - Managing Director
- Sushil Kumar Modi - Whole-Time Director
- Shaishav Pankaj Dharia - Whole-Time Director
- Mukund Manohar Chitale - Director
- Lee Anthony Polisano - Director
- Rajinder Pal Singh - Director
- Rajeev Bakshi - Director
- Harita Gupta - Director
- Akhil Kumar Gupta - Director
The latest financial statements of Lodha Developers on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Lodha Developers is 27AAACL1490J1ZG, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 29AAACL1490J1ZC (Karnataka), 24AAACL1490J1ZM (Gujarat).
The CIN (Corporate Identification Number) of Lodha Developers is L45200MH1995PLC093041. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Lodha Developers is a listed company as per MCA records. Its shares are listed on both BSE (code: 543287) and NSE (symbol: LODHA).
Lodha Developers has 983 court cases on record: 329 filed by the company and 654 filed against it. 318 are pending. Most are in the district courts.
Lodha Developers was incorporated on 25 September 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
Lodha Developers has 42 deals on record (21 secondary share transfers, 12 market trades, 3 funding rounds), with disclosed funding of ₹500.15 Cr; the latest was in June 2026.
Akhil Kumar Gupta was appointed as Director on 24 Apr 2026. Rajendra Lodha Narpatmal ceased to be Whole-Time Director on 17 Aug 2025. Raunika Malhotra ceased to be Whole-Time Director on 25 Jun 2025. Lodha Developers has 49 board changes on record in total.