Macrotech Developers (LODHA) | Financial Analysis & Statements
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Jun 2025Income Metrics
Revenue
34.9B
Gross Profit
14.0B
40.00%
Operating Income
9.2B
26.31%
Net Income
6.8B
19.33%
EPS (Diluted)
₹6.74
Balance Sheet Metrics
Total Assets
498.4B
Total Liabilities
296.0B
Shareholders Equity
202.4B
Debt to Equity
1.46
Cash Flow Metrics
Operating Cash Flow
22.4B
Free Cash Flow
10.9B
Revenue & Profitability Trend
Macrotech Developers Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 136.7B | 102.0B | 93.3B | 91.5B | 53.5B |
| Cost of Goods Sold | 82.5B | 62.0B | 60.6B | 60.6B | 36.0B |
| Gross Profit | 54.2B | 39.9B | 32.7B | 30.8B | 17.5B |
| Gross Margin % | 39.7% | 39.2% | 35.0% | 33.7% | 32.7% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | 2.8B | 5.0B | 5.1B | 1.7B | 1.3B |
| Other Operating Expenses | 7.0B | -11.7B | 3.9B | -6.1B | 2.4B |
| Total Operating Expenses | 9.8B | -6.7B | 9.0B | -4.4B | 3.6B |
| Operating Income | 38.3B | 41.0B | 19.8B | 31.8B | 11.4B |
| Operating Margin % | 28.0% | 40.2% | 21.2% | 34.8% | 21.3% |
| Non-Operating Items | |||||
| Interest Income | 1.6B | 1.1B | 1.2B | 3.1B | 3.0B |
| Interest Expense | 6.4B | 10.0B | 13.3B | 19.3B | 24.8B |
| Other Non-Operating Income | - | - | - | - | - |
| Pre-tax Income | 35.6B | 20.3B | 4.5B | 17.2B | 331.6M |
| Income Tax | 7.9B | 4.7B | -370.0M | 5.1B | -147.3M |
| Effective Tax Rate % | 22.2% | 23.3% | -8.2% | 29.6% | -44.4% |
| Net Income | 27.7B | 15.5B | 4.9B | 12.1B | 478.9M |
| Net Margin % | 20.2% | 15.2% | 5.2% | 13.2% | 0.9% |
| Key Metrics | |||||
| EBITDA | 42.4B | 49.2B | 29.4B | 47.8B | 30.3B |
| EPS (Basic) | ₹27.76 | ₹16.03 | ₹5.05 | ₹13.14 | ₹0.45 |
| EPS (Diluted) | ₹27.67 | ₹15.99 | ₹5.05 | ₹13.13 | ₹0.45 |
| Basic Shares Outstanding | 995830295 | 966230691 | 963318204 | 915040200 | 894636656 |
| Diluted Shares Outstanding | 995830295 | 966230691 | 963318204 | 915040200 | 894636656 |
Income Statement Trend
Macrotech Developers Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 9.3B | 18.3B | 13.1B | 4.8B | 2.3B |
| Short-term Investments | 8.4B | 21.0B | 968.0M | 4.1B | 22.7B |
| Accounts Receivable | 7.8B | 8.0B | 7.4B | 6.5B | 6.5B |
| Inventory | 364.8B | 339.9B | 301.2B | 273.6B | 283.0B |
| Other Current Assets | 13.1B | 13.0B | 9.8B | 11.9B | 9.3B |
| Total Current Assets | 469.5B | 445.6B | 357.5B | 337.6B | 328.4B |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 239.0M | 229.0M | 123.0M | 11.2B | 11.2B |
| Goodwill | 6.9B | 9.1B | 10.6B | 10.8B | 10.9B |
| Intangible Assets | 126.0M | 38.0M | 4.0M | 2.0M | 4.0M |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 1.0M | 715.0M | 1.0M | 100.0K | 665.1M |
| Total Non-Current Assets | 29.0B | 26.7B | 34.1B | 47.2B | 64.7B |
| Total Assets | 498.4B | 472.3B | 391.5B | 384.8B | 393.1B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 29.4B | 25.3B | 19.7B | 13.9B | 15.3B |
| Short-term Debt | 58.7B | 57.1B | 67.9B | 88.2B | 139.3B |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | 1.8B | 19.0B | 18.2B | 16.3B | 117.6B |
| Total Current Liabilities | 278.2B | 274.3B | 238.6B | 230.2B | 294.7B |
| Non-Current Liabilities | |||||
| Long-term Debt | 12.3B | 19.8B | 22.7B | 27.2B | 42.7B |
| Deferred Tax Liabilities | 3.3B | 1.6B | 332.0M | 1.9B | 700.0K |
| Other Non-Current Liabilities | - | - | - | 932.8M | 950.9M |
| Total Non-Current Liabilities | 17.8B | 22.6B | 25.7B | 32.9B | 47.1B |
| Total Liabilities | 296.0B | 296.9B | 264.3B | 263.2B | 341.8B |
| Equity | |||||
| Common Stock | 10.0B | 9.9B | 4.8B | 4.8B | 4.0B |
| Retained Earnings | 91.6B | 66.1B | 51.5B | 46.1B | 29.6B |
| Treasury Stock | - | - | - | - | - |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 202.4B | 175.3B | 127.2B | 121.6B | 51.3B |
| Key Metrics | |||||
| Total Debt | 70.9B | 77.0B | 90.6B | 115.4B | 181.9B |
| Working Capital | 191.3B | 171.3B | 118.9B | 107.4B | 33.6B |
Balance Sheet Composition
Macrotech Developers Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 35.6B | 20.3B | 4.5B | 17.2B | 331.6M |
| Depreciation & Amortization | - | - | - | - | - |
| Stock-Based Compensation | 735.0M | 713.0M | 765.0M | 394.0M | 0 |
| Working Capital Changes | -23.0B | -18.3B | -1.6B | 3.3B | 9.6B |
| Operating Cash Flow | 18.9B | 12.5B | 16.6B | 37.7B | 36.3B |
| Investing Activities | |||||
| Capital Expenditures | -4.7B | -1.7B | -755.0M | -330.0M | 64.7M |
| Acquisitions | - | - | - | - | - |
| Investment Purchases | - | - | - | -7.8B | -894.6M |
| Investment Sales | - | - | - | 9.4B | 10.7M |
| Investing Cash Flow | -4.7B | -1.7B | -755.0M | 1.3B | -819.2M |
| Financing Activities | |||||
| Share Repurchases | - | - | - | - | - |
| Dividends Paid | -2.2B | -964.0M | - | - | - |
| Debt Issuance | 38.0B | 51.3B | 55.2B | 42.4B | 31.7B |
| Debt Repayment | -54.2B | -65.0B | -80.6B | -115.4B | -42.0B |
| Financing Cash Flow | -17.6B | 18.1B | -25.3B | -9.5B | -10.3B |
| Free Cash Flow | 10.9B | 23.4B | 26.6B | 19.5B | 25.2B |
| Net Change in Cash | -3.4B | 28.9B | -9.4B | 29.6B | 25.2B |
Cash Flow Trend
Macrotech Developers Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
41.24
Forward P/E
29.63
Price to Book
6.06
Price to Sales
8.39
PEG Ratio
0.56
Profitability Ratios
Profit Margin
20.32%
Operating Margin
26.31%
Return on Equity
15.70%
Return on Assets
5.55%
Financial Health
Current Ratio
1.69
Debt to Equity
35.04
Beta
0.24
Per Share Data
EPS (TTM)
₹29.70
Book Value per Share
₹202.27
Revenue per Share
₹146.30
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| lodha | 1.2T | 41.24 | 6.06 | 15.70% | 20.32% | 35.04 |
| DLF | 1.8T | 41.22 | 4.34 | 10.26% | 47.97% | 9.64 |
| Godrej Properties | 595.4B | 39.31 | 3.44 | 7.97% | 32.04% | 71.93 |
| Oberoi Realty | 571.3B | 27.70 | 3.64 | 14.17% | 42.36% | 21.02 |
| Brigade Enterprises | 231.5B | 32.98 | 4.10 | 14.37% | 13.52% | 92.37 |
| Anant Raj | 183.4B | 39.67 | 4.40 | 10.17% | 21.13% | 11.51 |
Financial data is updated regularly. All figures are in the company's reporting currency.