Lodha Developers Share Price: 9.7% CAGR in 3 Years as the Listing Formerly Known as Macrotech Takes On DLF and Oberoi Realty
- November 5, 2026
- Posted by: Kunal Singla
- Category: Best Stocks
Lodha Developers Share Price: 9.7% CAGR in 3 Years as the Listing Formerly Known as Macrotech Takes On DLF and Oberoi Realty
Lodha Developers previous close Rs 1,122. 3-year CAGR 9.7%. Up 1.3x since 3 Nov 2023. P/E 25.72 vs industry 32.07. ROE 17.20%.
Quick Answer
The Lodha Developers share price closed at Rs 1,122 on 4 November 2026, a compounded annual return of 9.7% over three years. That compares with Oberoi Realty at 11.6% and DLF at 6.5%. The company has a market cap of Rs 1,11,937 crore and a P/E of 25.72 against an industry P/E of 32.07.
The Lodha Developers share price gets plenty of attention each time Mumbai housing sales make headlines. Lodha Developers, listed in 2021 under the name Macrotech Developers, has compounded faster than DLF over the last three years while staying close to Oberoi Realty.
This article calculates the three-year CAGR for all three, then compares market cap, valuation, return on equity and debt. All prices are adjusted for corporate actions so the comparison is on equal terms.
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How Much Has the Lodha Developers Share Price Returned in 3 Years?
The Lodha Developers stock closed at Rs 849.45 on 3 November 2023 and at Rs 1,122.00 on 4 November 2026. Rs 1 lakh invested three years ago would have grown to about Rs 1.32 lakh, which is a CAGR of 9.7%. This is a price return and leaves out dividends.
CAGR condenses a bumpy three-year ride into one yearly number, which is why it is the fairest way to compare companies of different sizes. A stock such as Lodha Developers can look spectacular on a chart and still have earned a modest yearly return, so the compounded figure keeps the comparison honest.
The Lodha Developers share price follows the cycle of residential pre-sales, launches and land acquisition, and it has also been shaped by the shift toward premium housing.
Lodha Developers vs Oberoi Realty and DLF: 3-Year CAGR Compared
The table ranks the companies by three-year CAGR. Prices on 3 November 2023 are adjusted for splits and bonuses, and the latest figures are the previous close on 4 November 2026.
| Company | Close on 3 Nov 2023 | Previous close (4 Nov 2026) | Price multiple | 3-year CAGR |
|---|---|---|---|---|
| Oberoi Realty | Rs 1,231.55 | Rs 1,710.90 | 1.4x | 11.6% |
| Lodha Developers | Rs 849.45 | Rs 1,122.00 | 1.3x | 9.7% |
| DLF | Rs 595.85 | Rs 720.00 | 1.2x | 6.5% |
The Lodha Developers stock ranks second of the three at 9.7%. It sits ahead of DLF (6.5%). The company ahead is Oberoi Realty (11.6%). Oberoi Realty leads the trio and Lodha Developers ranks second, ahead of DLF. All three posted positive compounded returns, which reflects a healthy period for Indian residential property.
Look at the Lodha Developers share price alongside the peers as a snapshot of the last three years. It describes what happened, and valuation and earnings will decide what happens next.
Valuation and Quality Compared
| Company | Market cap | P/E | Industry P/E | ROE | Debt to equity |
|---|---|---|---|---|---|
| DLF | Rs 1,78,037 crore | 38.98 | 32.07 | 10.02% | 0.01 |
| Lodha Developers | Rs 1,11,937 crore | 25.72 | 32.07 | 17.20% | 0.41 |
| Oberoi Realty | Rs 61,938 crore | 23.54 | 32.07 | 13.78% | 0.14 |
By market cap, DLF is the largest of the group at Rs 1,78,037 crore, while the Lodha Developers stock stands at Rs 1,11,937 crore, about 63% of that size. On earnings, Lodha Developers shares trade at a P/E of 25.72 against an industry P/E of 32.07, a discount of about 20% to the sector, which leaves room if earnings keep growing. Peer multiples are Oberoi Realty at 23.54 and DLF at 38.98.
Return on equity is 17.20% for the Lodha Developers stock, which ranks first among the three, and debt to equity stands at 0.41. Trailing EPS is Rs 43.55. Real estate companies are valued on their project pipeline and pre-sales, so P/E is best read together with debt to equity and ROE.
What Is Driving the Lodha Developers Stock?
Lodha Developers is a Mumbai-based residential developer, with a large share of its business in the Mumbai Metropolitan Region and projects in Pune and Bengaluru. It also develops industrial and logistics parks and has been adding land parcels for future launches.
Pre-sales are the main number to follow, since they show how much housing the company has sold in a period before revenue is recognised. Premium and mid-income housing in large cities, where demand has stayed firm, is the core of the portfolio.
Followers of the Lodha Developers share price generally track quarterly pre-sales, new launches, collections and net debt.
How the Established Players Stack Up
Oberoi Realty is a Mumbai-based developer of premium residential, commercial, retail and hospitality assets. It leads the group with a 11.6% CAGR, a P/E of 23.54 and a debt to equity ratio of just 0.14.
DLF is the largest listed developer by market cap at Rs 1,78,037 crore. It compounded at 6.5% a year and carries almost no debt, with a debt to equity ratio of 0.01.
What Should Investors Track Next?
Three things are worth watching on the Lodha Developers share price. First, pre-sales and the pace of new launches. Second, net debt as it buys land and builds. Third, the Mumbai housing market, which drives most of its sales.
Lodha Developers trades at a P/E of 25.72, below the industry average of 32.07. A three-year CAGR is a record of the past, and property stocks react to interest rates.
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How to Compare Real Estate Stocks Yourself
You can repeat this exercise for any pair of stocks, including the Lodha Developers stock against its peers. Note the adjusted closing price on the base date, take the latest close, divide one by the other, raise the result to the power of one third and subtract one. Then place the CAGR next to market cap, P/E against the industry P/E, ROE and debt to equity. Benchmark the result against the Nifty 50 as well, so you know whether the stock beat the broader market.
A stock that scores well on growth but weakly on quality, or the reverse, deserves closer study before it enters a portfolio. When tracking the Lodha Developers share price, the same four checks give a more complete picture than price alone.
Download the Univest iOS App or Univest Android App to track the Lodha Developers share price and compare realty stocks live.
A Mumbai Developer Compounding Ahead of DLF
The Lodha Developers share price compounded at 9.7% a year over three years, ahead of DLF at 6.5% and behind Oberoi Realty at 11.6%.
DLF offers the lowest debt and the largest scale, Oberoi the strongest compounding, and Lodha Developers the widest launch pipeline at a P/E below the sector. Weigh each against your view of the housing cycle.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What is the Lodha Developers share price today?
Ans. Lodha Developers closed at Rs 1,122 on 4 November 2026, according to NSE data. It has a market cap of Rs 1,11,937 crore and a P/E of 25.72. Check live quotes before acting, as prices change every trading day.
What is the 3-year CAGR of the Lodha Developers stock?
Ans. Lodha Developers delivered a price CAGR of 9.7% over three years, moving from Rs 849.45 on 3 November 2023 to Rs 1,122.00 on 4 November 2026. The figure excludes dividends and uses adjusted closing prices.
Is Lodha Developers better than DLF?
Ans. The Lodha Developers stock delivered a higher three-year CAGR at 9.7% than DLF at 6.5%, and it trades at a lower P/E of 25.72 against 38.98. DLF is larger by market cap and carries less debt, with a debt to equity ratio of 0.01.
What does Lodha Developers do?
Ans. Lodha Developers, earlier listed as Macrotech Developers, is a Mumbai-based residential developer. It builds premium and mid-income housing in the Mumbai region, Pune and Bengaluru and also develops industrial and logistics parks.
Is the Lodha Developers stock debt free?
Ans. The debt to equity ratio of the Lodha Developers stock is 0.41 and its return on equity is 17.20%. Always check the latest balance sheet for current figures, as debt levels change with expansion plans.
Is Lodha Developers expensive compared with the industry?
Ans. Lodha Developers trades at a P/E of 25.72 against an industry P/E of 32.07. A higher multiple reflects expectations of faster growth, which the company must deliver through earnings.
Which real estate stock gave the highest return in 3 years?
Ans. Among the companies compared here, Oberoi Realty delivered the highest three-year CAGR at 11.6%, followed by Lodha Developers at 9.7%. Past returns do not guarantee future performance.
How do I calculate CAGR for a stock?
Ans. Divide the latest price by the starting price, raise the result to the power of one divided by the number of years, and subtract one. Multiply by 100 for a percentage. Use split and bonus adjusted prices for accurate results.
