ADVERTISEMENT

Lodha Developers Can Rally 36% Says Motilal Oswal Maintaining 'Buy'

Motilal Oswal reiterates Buy rating with a revised target price of Rs 1,870, which implies a 36% potential upside.

<div class="paragraphs"><p>Since its listing in FY21, Lodha has been religiously focusing on identifying new markets and geographies to scale up its residential business.</p><p>(Photo source: Company website)</p></div>
Since its listing in FY21, Lodha has been religiously focusing on identifying new markets and geographies to scale up its residential business.

(Photo source: Company website)

Lodha’s presales are expected to clock a 20% CAGR, led by healthy collections and a comfortable debt level of 0.2x as of Q4 FY25 end. The company entered Pune and is scaling up at a healthy pace. Additionally, it has completed its pilot phase in Bengaluru and started scaling up with the acquisition of a 5.6msf project with a gross development value of Rs 66 billion in FY25.
To continue reading this story
Subscribe to Unlock & Enjoy your 
Subscriber-Only
 benefits

Choose a plan

Renews automatically. Cancel anytime.
Still Not convinced ? Know More
OUR NEWSLETTERS
By signing up you agree to the Terms & Conditions of NDTV Profit