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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Lodha Developers Limited, formerly Macrotech Developers Limited, is an India-based real estate developer. The Company is engaged in the construction and development of real estate and allied activities, which also includes development of residential projects, commercial…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A high-quality, fast-growing business, trading cheap versus its own history.
Macrotech Developers is scored on the general / industrial framework. It keeps a fat 20.0% of every rupee of sales as net profit. Cash conversion lags the reported profit (CFO/PAT 0.28×) — worth a closer look. Free cash flow is worth about 0.1% of its market value.
Over the last 3 years revenue compounded at 21%/yr and profit at 91%/yr. Book value itself has compounded 23%/yr — the hallmark of a genuine compounder. Return on equity is a healthy 17.2%. In the latest quarter profit fell 26% versus the prior quarter.
At 34× earnings, the stock sits at the 16th percentile of its own 3.6-year range — the cheap end of where it has historically traded. Today's price implies ~13%/yr earnings growth for a decade. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 27.28 | 39.49 | better |
| P/B | 4.78 | 5.74 | better |
| EV/EBITDA | 18.7 | 92.09 | better |
| ROE | 17.2 | 6.31 | better |
| ROCE | 17.58 | 4.01 | better |
| ROA | 6.94 | 1.24 | better |
| Quick Ratio | 0.46 | — | — |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| DLF | 40.7 | 4.1 | 10.0% |
| The Phoenix Mills | 45.8 | 8.4 | 14.3% |
| Prestige Estate | 65.9 | 4.2 | 5.6% |
Revenue has grown every year across all 4 financial years shown. 21% CAGR over 3 years — high-growth territory. Growth is decelerating — latest year grew slower than the year before.
Net profit has risen every year — the hallmark of a compounder. Profit is growing faster than revenue (91% vs 21%) — margin expansion is at work.
Operating margin has expanded from 5% to 26% — the business is keeping more of each rupee earned. The gap between operating and net margin is widening — interest or tax costs are rising.
ROE at 15% — a respectable return on shareholder capital. Capital efficiency improving — ROE up 11pp across the window.
EPS has grown every year — each share earns more than the last, consistently. 89% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
Operating cash flow has been positive every year — the business generates real cash, not just accounting profit. Cash conversion at 0.3× PAT — reported profit isn't translating into cash, raising earnings quality questions. Raising capital despite positive cash flow — could signal expansion plans or opportunistic fundraising.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 10% QoQ — could be seasonality or a genuine slowdown.
Profit fell 26% QoQ — one-quarter drops can be noise, but a pattern matters. Quarterly net margins are expanding (20% → 22%) — profitability per rupee of revenue is improving.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters hold 70.3% — heavily owner-operated with strong skin in the game. Promoters reduced 1.6pp over 4 quarters — watch whether this is planned divestment or pledge invocations.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.