realty · LODHA
Macrotech Developers
Macrotech Developers: PE above historical average. NARROW LEADERSHIP regime.
Price
₹1,287.15
Price 2026-07-30
5 day
+12.50%
Short-term move
1 month
+34.74%
Medium-term
Regime
NARROW LEADERSHIP
62% confidence
Market cap
₹110.1k Cr
outflow sector flow
Market Intelligence Analyst
Understand today's market in about 2 minutes.
“How does today's NARROW LEADERSHIP regime affect Macrotech Developers (LODHA) in the realty sector?”
Price chart
₹1,301
-8.19% over period
About Macrotech Developers
Lodha Developers Limited, through its subsidiaries, engages in the development of real estate properties in India. It is involved in the development of residential, office, and retail properties, as well as leasing of retail and office spaces. The company also develops warehousing, logistics, light industrial facilities, and digital infrastructure parks. In addition, it offers financing, support, e-commerce application, and facility management services. The company was formerly known as Macrotech Developers Limited and changed its name to Lodha Developers Limited in June 2025. Lodha Developers Limited was founded in 1980 and is headquartered in Mumbai, India.
At a Glance
RSI pattern warning
RSI oversold bounces for this stock succeeded only 0% of the time (avg -13.2% over 14 days) — not a reliable pattern.
52-week position
Trading at 88.1% of 52-week high
Technicals
RSI 14
58.7
Trend
uptrend
50 DMA
Above
200 DMA
Above
Key metrics
P/E ratio
32.1
43th pct · 7 quarterly points (limited history)
P/B
4.7
ROE
15.7%
Moderate profitability — 15.7% ROE
Market cap
₹110.1k Cr
Revenue growth
760.0% YoY
Promoter
72.3%
52-week range
₹650.8 – ₹1,461.5
88.1% of high
RSI (14)
58.7
uptrend
vs 50 DMA
Above
DMA ₹1,020.17
Fundamental
80/100
STRONG
Trust
95/100
Verification
Coverage
100/100
HIGH
Quick Take
Macrotech Developers scores 80/100 on fundamentals (strong). Macrotech Developers: PE above historical average. NARROW LEADERSHIP regime.
Fundamental Score: 80/100 · STRONG · 2 signals detected
DuPont Analysis
ROE 17.2% broken into three drivers. Each shows how efficiently the company generates returns.
ROE of 17.23% is moderate margin-driven and stable. Net margin 22.4%, asset turnover 0.3x, leverage 2.5x.
What This Means
Net margin of 22.4% means the company keeps ₹22.4 as profit for every ₹100 of revenue. This is a healthy margin. Asset turnover of 0.30x means the company generates ₹0.30 of revenue for every ₹1 of assets. This is a capital-heavy business. Leverage of 2.5x means the company uses moderate debt. Returns are primarily driven by operations, not borrowing.
Margin Structure
Gross
43.3%
Operating
32.8%
Net
22.4%
Gross margin 43.3% → operating margin 32.8% → net margin 22.4%. Margins are IMPROVING. Strong pricing power with stable gross margins suggests the improvement is from operating leverage — sustainable.
Financial Health
Earnings Quality
WEAKCash flow only covers 0.2x of net income — earnings quality is WEAK. Profit may not be converting to cash. Check receivables and inventory.
Debt Sustainability
COMFORTABLEInterest covered 8.6x — very comfortable. Debt service is not a concern. Debt/EBITDA at 1.6x is low — balance sheet has capacity.
Free Cash Flow
MODERATEFCF margin at 4.0% — moderate. Generating cash after investments.
Peer comparison
| Stock | Price | 5D | P/E | ROE | Rev growth | Mcap |
|---|---|---|---|---|---|---|
| DLF DLF Limited | ₹654.85 | +3.3% | 36.6 | 10% | -4200% | ₹1.6L Cr |
| PHOENIXLTD Phoenix Mills | ₹1,887.9 | -7.3% | 59.4 | 11.1% | 3370% | ₹74.2k Cr |
| PRESTIGE Prestige Estates | ₹1,594.8 | -1.8% | 60.3 | 8% | 16650% | ₹72.1k Cr |
| OBEROIRLTY Oberoi Realty | ₹1,814.4 | -0.2% | 27.6 | 14.9% | 5210% | ₹69.3k Cr |
| GODREJPROP Godrej Properties | ₹2,110.9 | +3.9% | 33.3 | 10% | 6300% | ₹61.5k Cr |
| ANANTRAJ Anant Raj | ₹608.6 | +3.8% | 34 | 11.1% | 1960% | ₹19.4k Cr |
| BRIGADE Brigade Enterprises | ₹565.1 | +7.3% | 26.2 | 10.8% | -20% | ₹16.8k Cr |
| ABREL Aditya Birla Real Estate | ₹1,378.1 | -1.4% | N/A | -8.9% | N/A | ₹15.6k Cr |
| LODHA Macrotech Developers | ₹1,287.15 | +12.3% | 32.1 | 15.7% | 760% | ₹1.1L Cr |
Key Watchpoints
Breaks above ₹1352 (+5%)
Trend reversal confirmation
Breaks below ₹1223 (-5%)
Further downside risk
PE reverts to median of 32.1 (7 quarterly points (limited history))
Valuation normalization
Realty sector entering leadership
Sector rotation signal
Detected Patterns
Risk Flags
Liquidity squeeze. Company may struggle to meet short-term obligations without refinancing.
OCF is only 0.2x net income. Profit not converting to cash — aggressive accounting possible.
High refinancing risk. Company needs to roll over debt frequently. Vulnerable to credit market freezes.
Working capital is consuming significant cash. Operational efficiency declining.
Profits are from core operations, not one-offs. High quality.
Collection cycle changing. Collection improving — positive for cash flow.
Strong insider alignment. Promoters have significant skin in the game.
🔴 2 CRITICAL flags — significant concerns. Investigate before investing.
Data Quality
News Correlation
50 articles scanned for fundamental themes
