Macrotech Developers Ltd
LODH

Macrotech Developers Ltd (LODHA)

₹988.99.68%

Key Stats

₹921.6
Day's Price Range
₹991.75
₹610
52-Week Price Range
₹1539
1 Month Return-11.83 %
3 Month Return-29.04 %
1 Year Return43.44 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 1
37.14
EPS
Rank 1
₹25.86
BVPS
Rank 1
₹105.3
Dividend Yield
Rank 1
ROE
Rank 1
5.69%
Price To Book Ratio
Rank 1
9.12
Debt To Asset
Rank 1
0.88

Company Information

Macrotech Developers Limited formerly known Lodha Developers Limited is a public limited company domiciled and incorporated in India under the Companies Act 1956 in the year of 1980. The company is an Indian multinational real estate company headquartered in Mumbai India which has developed residential and commercial properties in Mumbai Thane Hyderabad Pune and London. Some of its notable projects include Lodha Altamount The World Towers Lodha Bellissimo Trump Tower Mumbai and Lodha Park. Moreover it is presently credited for developing Palava an integrated smart city near Mumbai. The company subsequently got listed on National Stock Exchange of India and Bombay Stock Exchange on April 19 2021 respectively.In September 2007 the Deutsche Bank made an investment of Rs 1640 crore US218 million by subscribing to the compulsorily convertible debentures CCDs of Lodhas subsidiary Cowtown Land Development Limited.In May of the year 2010 Macrotech Developers emerged the highest bidder to acquire a 22.5acre plot in Wadala Mumbai for Rs 4053 crore US538 million from Mumbai Metropolitan Region Development Authority MMRDA.In December 2012 the company had acquired Washington House a residential building owned by the US consulate on Altamont Road for Rs 341.82 crore US45 million Which was developed into Lodha Altamount. Further it purchased a 17 acres land in Mumbais prime location from DLF for about Rs 2700 crore US359 million nearly four times higher than the price at which DLF had bought the land in 2005.In September 2013 the Group partnered with Donald Trump for development of Trump Tower Mumbai an 800fttall 77storey residential tower in Lower Parel Mumbai. and with a number of celebrities to be brand ambassadors including Aishwarya Rai Amitabh BachchanAkshay Kumar and Twinkle Khanna. In the year 2013 the company received the CNBC Awaaz Real Estate Award for the project Lodha Bellezza.In the year 2014 the Group was awared Global Leadership in Real Estate Award at NDTV Property Awards by NDTV.In the year of May 2016 it received an investment of Rs 425 crore US56 million from Piramal Fund Management for one of companys project. In 2018 the company bagged CNBC Awaaz Real Estate Award for the project Lodha Altamount by CNBC.In November 2013 Macrotech Developers Group brought Macdonald House London a sevenstorey building in central London from the Government of Canada for Rs 3120 crore US414 million thru which the company acquired 87 acres of land in Thane from Clariant Chemicals India for Rs 1102.5 crore US146 million.Macrotech Groups CEO MD Abhishek Lodha was named Real Estate Youth Icon of the Year 2019 award at Grohe Hurun Real Estate Leadership Summit 2019 in the year of 2019. Moreover it received an Outstanding Project of the Year National Category for Palava at Golden Brick Awards Dubai. There was an announcement in the year of September 2019 that company was about to sell 7 lakh sq. ft. office space in Mumbai India to Singaporebased Varde Partners for about Rs 1100 crore US146 million. As reported earlier the Macrotech Group sold nearly 29storey office building in Mumbais Wadala for Rs 1350 crore US179 million to Tata Groups retail arm Trent.In the year 2020 the company was awarded Top Developer of the Year for the project The World Towers at the Times Real Estate Icons West India by The Times of India.In 2020 The World Towers of Lodha Group received recognition as Project of the Year and Top Super Luxury segment homes and Palava City was recognised as Top Township Project at the Times Real Estate Icons of West India 2020.Tata Power Company Limited an Indian electric utility company based in Mumbai entered into a partnership agreement with Macrotech Developers for setting up EV charging stations in housing societies and offices in September 2021.
OrganisationMacrotech Developers Ltd
HeadquartersMumbai
IndustryConstruction