Equity Research Report – Macrotech Developers (Lodha)

𝗙𝗶𝗻𝗸𝗵𝗼𝘇 𝗥𝗮𝘁𝗶𝗻𝗴: 8.9/𝟭𝟬
From Crisis to ₹21,000 Cr Dreams: The Real Story of Lodha (Macrotech Developers)

In 2020, India’s real estate was gasping for air.
Sales were down. Debt was high. Trust? Missing.
But one player refused to fold — Macrotech Developers (Lodha).

👇 Fast forward to 2025:
✅ ₹17,600 Cr in record presales
✅ Expansion into Bengaluru & industrial parks
✅ EBITDA margins of 33% (vs. DLF’s 6% ROCE!)
✅ Plans to clock ₹21,000 Cr in FY26

While peers like Godrej & Prestige struggled with negative profit growth, Lodha redefined real estate playbooks with:
➡️ Inventory monetization
➡️ Township upgrades (Palava & Upper Thane)
➡️ Digital infra bets (warehousing boom incoming?)

And here’s the kicker — they beat guidance while reducing debt.

This isn’t just a turnaround. It’s a masterclass in strategic execution.
Next time you talk real estate stocks, don’t just look at brands.

📈 Look at numbers. Look at Lodha.

This report is only for educational purposes. Before investing in the stock market, please consult your financial advisor.