Macrotech Developers Limited (LODHA) Fair Value & Analysis
Real Estate · IN · Market cap ₹1.2T (≈ $13.2B) · ISIN INE670K01029
What is Macrotech Developers Limited really worth?
Below-average quality, and trading another 108% above our fair value of ₹583.42.
As of Aug 21, 2026, the fair value of Macrotech Developers Limited is ₹583.42 per share against a price of ₹1,214, so the fair value sits 52% below the price. A model estimate blended from multiple valuation models, recalculated regularly.
Strengths
Risks
Fair value as of: Aug 21, 2026
From 14 valuation models · updated 16 days ago
Share price −2.2% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (₹729.27). The favourable scenario is already priced in.
- Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
- A fairly wide model range (₹308.35 to ₹729.27) leaves room in how you read the outcome.
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.
How to read this chart
60‑month range ₹293.08 – ₹1,583 · fair‑value band ₹308.35 – ₹729.27 · the ₹1,214 price screens above the ₹583.42 fair value. Dashed = 300-day average. As of Aug 21, 2026.
Analysis
Macrotech Developers Limited (LODHA) currently trades at ₹1,214, while our model-based Fair Value estimate is ₹583.42, implying the stock looks roughly 108.2% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Real Estate sector. Bull case: the DCF Models group reads highest at a median of ₹746.98 per share, and 0 of the 14 models we run sit above the ₹1,214 price. Bear case: the Asset-Based group reads lowest at ₹156.19, and 14 of the 14 models stay below the price. Evidence for this calculation is high.
Over the trailing twelve months, Macrotech Developers Limited generated revenue of ₹182B at a net margin of 22.7%. Revenue grew 43.1% year over year. It earns a return on equity of 15.7%. Net debt stands at ₹71.8B. Fundamentals as of Aug 21, 2026
Our scenario range runs from ₹308.35 (bear case) to ₹729.27 (bull case); at ₹1,214, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 9% below its 52-week high and 87% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at −9% fair-value upside, at −52%, LODHA screens richer than that median.
Fair Value models
This estimate rests on fiscal year 2026 figures, and about 5 months have passed since. In that time the company retained roughly ₹17.93 per share, which is 3.1 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.
All 14 models by family
Widest divergence: DCF Models (₹746.98) versus Asset-Based (₹156.19). Highest evidence: FCF DCF (74).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 42 · Market factors (momentum, volatility) 66
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.
About the company
Macrotech Developers Limited, through its subsidiaries, engages in the development of real estate properties in India. The company is involved in the construction and development of residential, office, and retail properties, as well as leasing of retail and office spaces. It also develops warehousing, logistics, and light industrial facilities.
Full company description
Macrotech Developers Limited, through its subsidiaries, engages in the development of real estate properties in India. The company is involved in the construction and development of residential, office, and retail properties, as well as leasing of retail and office spaces. It also develops warehousing, logistics, and light industrial facilities. The company is involved in facility management, asset management, marketing and sales, and support service activities. It develops properties under the LODHA, LODHA LUXURY, and PALAVA brand names. The company was formerly known as Lodha Developers Limited and changed its name to Macrotech Developers Limited in May 2019. Macrotech Developers Limited was founded in 1980 and is headquartered in Mumbai, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Macrotech Developers Limited reported revenue of ₹163B in FY2026 versus ₹91.5B in FY2022, a compound +15.5%/yr. Reported net income was ₹34.3B in FY2026, compounding +29.9%/yr from FY2022.
LODHA screens 108% overvalued. Compare with Sun Hung Kai Properties Limited →
Peer Group
Real Estate - Development · 566 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Real Estate - Development median · lower = cheaper
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Aug 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Sun Hung Kai Properties Limited 80016 | HK$109.70 | HK$88.93 | −19% |
| China Resources Land Limited 1109 | HK$35.24 | HK$72.16 | +105% |
| Vinhomes Joint Stock Company VHM | 71,700 VND | 109,431 VND | +53% |
| CK Asset Holdings 1113 | HK$47.34 | HK$68.85 | +45% |
| Hongkong Land Holdings H78 | $8.20 | $1.52 | −81% |
| DLF Limited DLF | ₹667.10 | ₹170.24 | −74% |
| China Overseas Land & Investment Limited 0688 | HK$13.76 | HK$22.92 | +67% |
| Sino Land Company 0083 | HK$10.33 | HK$6.99 | −32% |
| PT Pantai Indah Kapuk Dua Tbk, PANI | 5,925 IDR | 1,325 IDR | −78% |
| CTP N.V CTPNV | €14.36 | €13.00 | −9% |
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