STOCK COMPARISON
Macrotech Developers vs Vinhomes JSC: Fair Value & Quality
Both stocks run through our valuation models. Here is how Macrotech Developers (LODHA) and Vinhomes JSC (VHM) compare, as of Aug 8, 2026.
As of Aug 8, 2026, Fair Value Calculator sees Vinhomes JSC as the more attractively valued of the two: Macrotech Developers trades at ₹1,214 versus a fair value of ₹583 (-52%), while Vinhomes JSC trades at VND 77,100 versus VND 147,415 (+91%).
Macrotech Developers
LODHA.NSE · INR · Real Estate
-52%
upside to fair value
overvalued
Price₹1,214
Fair Value₹583
Quality54/100
Vinhomes JSC
VHM.VN · VND · Materials
+91%
upside to fair value
undervalued
PriceVND 77,100
Fair ValueVND 147,415
Quality43/100
Head-to-head numbers
Green value = the better side for that row (for valuation multiples: lower = cheaper).
Macrotech DevelopersVinhomes JSC
Valuation
34.7×P/E (TTM)26.4×
7.12×P/S (TTM)2.98×
5.10×P/B2.56×
24.2×EV/EBITDA9.7×
0.4%Dividend yield4.0%
₹4.25Dividend per shareVND 6,000
Profitability
21%Net margin32%
30%Operating margin46%
16%Return on equity27%
5%Return on assets6%
Growth
12%Revenue growth (YoY)315%
20.8%Avg. growth/yr (3Y)34.9%
25.1%Avg. growth/yr (5Y)16.5%
Balance & size
0.16×Debt / equity0.44×
$12BMarket cap$23B
expensiveGrowth qualityhealthy
Vinhomes JSC leads: 2 to 11 metric wins.
Dash = not meaningfully computable, for example with negative equity.
Quality in detail
The quality score, broken down into the same factor families as on the stock page, 0 to 100 per family.
Macrotech Developersof which business quality 45 · market factors 61
Vinhomes JSCof which business quality 51 · market factors 20
ProfitabilityMargins and returns on capital today
43
45
Quality GrowthAre margins and returns improving?
61
47
CashflowEarnings quality: real cash, not paper profit
9
61
Fin. StrengthBalance sheet, leverage, solvency risk
52
39
InvestmentDisciplined investing over empire-building
42
22
Low VolatilityCalm price path (market factor)
74
18
MomentumPrice trend over the last 3–12 months (market factor)
57
28
52W MomentumDistance to the 52-week high (market factor)
52
10
Net IssuanceBuybacks instead of dilution
74
90
What the models say
The median fair value (base case) per model family, each in the currency of its trading venue. Green = above the current price, red = below.
Macrotech Developers
DCF Models₹584
Earnings-Based₹540
Dividend Discount₹81.14
Multiples₹611
Asset-Based₹156
Growth DCF₹14.58
Economic Profit₹485
Growth Earnings₹782
24 of 25 models see the stock below the current price.
Vinhomes JSC
DCF ModelsVND 208,382
Earnings-BasedVND 294,676
Dividend DiscountVND 5,257
MultiplesVND 137,863
Asset-BasedVND 38,530
Growth DCFVND 171,523
Economic ProfitVND 97,419
Growth EarningsVND 358,594
4 of 26 models see the stock below the current price.
Scenario ranges
From our cautious bear case to the optimistic bull case. The white tick is the current price: left of fair value means room to run.
Macrotech Developers
Bear ₹316Fair Value ₹583Bull ₹729
₹1,214 = current price (white tick)
Vinhomes JSC
Bear VND 90,363Fair Value VND 147,415Bull VND 326,731
VND 77,100 = current price (white tick)
Compare two other stocks
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Ranked within their sector
Where each stock sits within its sector peer group. Band = middle 50% of peers, tick = median, dot = this stock.
Macrotech Developers · Real Estate
Quality score54 · above median
Fair value upside-52% · bottom 25%
Vinhomes JSC · Materials
Quality score43 · below median
Fair value upside+91% · Top 25%
Bottom line
As of Aug 8, 2026, Fair Value Calculator sees Vinhomes JSC as the more attractively valued of the two: Macrotech Developers trades at ₹1,214 versus a fair value of ₹583 (-52%), while Vinhomes JSC trades at VND 77,100 versus VND 147,415 (+91%).
Macrotech Developers has the higher quality score (54/100).
See the full analysis →
More comparisons
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A model-based valuation snapshot from 21 models. Values change with price and fundamentals; the date shown above applies.
