Buy Lodha Developers; target of Rs 1888: Motilal Oswal

Motilal Oswal is bullish on Lodha Developers recommended buy rating on the stock with a target price of Rs 1888 in its research report dated November 18, 2025.

Broker Research

November 19, 2025 / 11:07 IST

Buy

26 Aug, 2025 12:21

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Motilal Oswal's research report on Lodha Developers

LODHA’s presales are expected to clock a 22% CAGR, supported by healthy collections and debt at comfortable levels of 0.25x by the end of 1HFY26, despite aggressive BD additions of INR250b. Pune is scaling up at a healthy pace and is expected to deliver 40% YoY growth in sales. The company has also completed its pilot phase in Bengaluru and entered the growth phase, expecting a 12% market share by the end of the decade. In addition, it is in the process of initiating a pilot in the NCR. LODHA is further expanding its commercial and industrial portfolio to drive strong rentals. Palava is also set to scale up its sales by 20% YoY, supported by the Airoli-Katai tunnel nearing completion by the end of FY26 and other ongoing infrastructural developments.

Outlook

The company’s steady pace of project acquisitions enhances long-term visibility, while its disciplined and timely execution ensures that this momentum is effectively translated into sustained performance. We reiterate our BUY rating with a TP of INR1,888, which implies a 58% potential upside.

For all recommendations report, click here