Lodha Developers: A Promising Real Estate Stock with 58% Upside Potential
Lodha Developers, a leading real estate player, is witnessing robust growth in presales, financials, and launch pipelines. Motilal Oswal has reiterated a 'Buy' recommendation with a target price of Rs 1,888, indicating a potential upside of 58%.
Real EstateLodha DevelopersMotilal OswalStock MarketInvestmentReal EstateNov 21, 2025
Motilal Oswal, one of the well-known brokerages in India, has reiterated a ‘Buy’ recommendation on this real estate stock with a target price of Rs 1,888 apiece, indicating a potential upside of 59 percent from Friday’s price of Rs 1,188.20 per share.
As per the brokerage, Lodha continues to deliver stable performance across key metrics. Motilal Oswal expects the momentum to hold as the company capitalizes on sector consolidation. Presales are projected to grow at a strong 22% CAGR, supported by healthy collections and a low net-debt ratio even after sizeable business development additions worth Rs 25,000 crore.
Its regional expansion remains promising, with Pune expected to post 40% YoY sales growth and Bengaluru moving from pilot to growth phase, aiming for a 12% market share by 2030. Lodha is also testing the NCR market while strengthening its commercial and industrial portfolio to boost recurring rental income.
However, analyst sentiment remains strongly positive, with 15 of 18 experts recommending a ‘Buy’ on Lodha Developers. Only one advises ‘Sell’ and two suggest ‘Hold’, reflecting broad confidence in the company’s growth outlook and operating momentum.
The company delivered a strong financial performance in Q2FY26, with revenue rising 45% to Rs 3,798 crore from Rs 2,626 crore a year earlier. Net profit surged 87% to Rs 790 crore, indicating a sharp improvement in operational efficiency, better margins, and robust demand driving overall earnings growth.
Moreover, Lodha Developers’ FY26 guidance shows steady progress, with H1 pre-sales of Rs 90 bn against a full-year target of Rs 210 bn. Operating cash flow is Rs 24 bn, expected to accelerate in H2 due to major launches. Business development already reached Rs 250 bn, surpassing guidance, while net-debt-to-equity remains comfortable at 0.25x, supporting growth momentum.
Further, the launch pipeline for 2HFY26 remains strong, with 15 projects totaling 10 mn sq. ft. and Rs 140 bn in GDV. MMR dominates with multiple launches across South Central, Western, and Eastern suburbs, while Pune and Bengaluru add meaningful scale. A mix of own and JDA projects ensures balanced capital deployment and broad market coverage.
Lodha Developers is one of India’s leading real estate companies, known for large-scale residential and commercial projects across key cities, especially the Mumbai Metropolitan Region. With strong brand equity, disciplined execution, and an expanding national footprint, the company continues to shape urban development through high-quality, high-growth real estate offerings.
Frequently Asked Questions
What is the current share price of Lodha Developers?
The current share price of Lodha Developers as of the latest update is Rs 1,188.20 per share.
What is the target price set by Motilal Oswal for Lodha Developers?
Motilal Oswal has set a target price of Rs 1,888 apiece for Lodha Developers, indicating a potential upside of 59 percent.
What are the key growth drivers for Lodha Developers?
The key growth drivers for Lodha Developers include robust presales growth, improving financials, expanding launch pipelines, and strong regional expansion into cities like Pune and Bengaluru.
What is Lodha Developers' financial performance in Q2FY26?
In Q2FY26, Lodha Developers reported a 45% increase in revenue to Rs 3,798 crore and a 87% surge in net profit to Rs 790 crore, reflecting strong operational efficiency and demand.
What is the analyst sentiment towards Lodha Developers?
Analyst sentiment towards Lodha Developers is strongly positive, with 15 out of 18 experts recommending a 'Buy' rating, one advising 'Sell', and two suggesting 'Hold'.
Related News Articles
Navigating Insolvency and Real Estate: Insights from Advocate Pranav Gupta
In an exclusive interview, Advocate Pranav Gupta shares his insights on navigating the complex world of insolvency and real estate. With hands-on experience in the Insolvency and Bankruptcy Code (IBC) and real estate firms, Gupta provides valuable advice for professionals and investors alike.
Transcon Delivers 148 SRA Units to Residents in Santacruz, Mumbai
Transcon, a leading real estate developer, has successfully handed over 148 SRA units to the residents of Sai Durga SRA Co-operative Housing Society in Santacruz (W), Mumbai. The event was celebrated with a ceremonial handover attended by Shri Ashish Shel
Real Estate Agent Injured in Pistol Mishap by Friend in Pune
Pune: A real estate agent, Pradip Sawant (31), from Sukhsagarnagar, sustained injuries after his friend accidentally misfired a pistol at an open plot off Gangadham Chowk-Kondhwa Road on Saturday evening.