−18% from the high · +70% from the low
Long unwinding into a 26-day expiry: futures OI −1.7% on a −2.6% day, the most call OI sits at 1,100, the most put OI at 1,100, max pain 1,100.
LODHA futures closed at ₹1,113.20, +0.7% to spot, with 97% of open interest in the 27 Oct contract, and the 1,100 straddle prices a move of about ±7.6% by expiry.
| Expiry | Close ₹ | Basis ₹ · % | Annualised % | OI lots · on the day | Share of OI % | Contracts traded |
|---|---|---|---|---|---|---|
| 27 Oct26 days | ₹1,113.20 | +7.60+0.7% | +9.7% | 11,000▼ −1.9% · −200 lots | 97 | 2,800 |
| 23 Nov53 days | ₹1,110.50 | +4.90+0.4% | +3.0% | 330▲ +3.1% · +10 lots | 3.0 | 76 |
| 29 Dec89 days | ₹1,107.50 | +1.90+0.2% | +0.70% | 7.00.0% · +7.0 lots | 0.06 | 9.0 |
3.1% of futures OI sits beyond the 27 Oct contract · 30 of 41 listed contracts traded · 9,000 option contracts changed hands
The 1,100 straddle closed at ₹84.10 (call 48.75 + put 35.35), pricing a move of about ±7.6% by the 27 Oct expiry. In the last 253 windows of 19 sessions, LODHA moved more than that 110 times.
After the last 8 bulletins, LODHA closed higher five sessions later in 5 of 8.
| Bulletin | Day of the news | 1 session later | 5 sessions later | Futures OI on the day |
|---|---|---|---|---|
| 28 JunFidelity invests ₹1,864 crore in Lodha Developers stake | ▼ −0.8%Nifty −0.5% · −0.4 pp | ▲ +0.8%Nifty −0.8% · +1.6 pp | ▲ +15.7%Nifty +1.6% · +14.1 pp | ▼ −0.6%long unwinding |
| 27 JunFidelity acquires 2% stake in Lodha Developers for ₹1,865 cr | ▼ −0.8%Nifty −0.5% · −0.4 pp | ▲ +0.8%Nifty −0.8% · +1.6 pp | ▲ +15.7%Nifty +1.6% · +14.1 pp | ▼ −0.6%long unwinding |
| 26 JunLIC falls 3% on CFO resignation; Lodha, Emcure gain | ▼ −0.8%Nifty −0.5% · −0.4 pp | ▲ +0.8%Nifty −0.8% · +1.6 pp | ▲ +15.7%Nifty +1.6% · +14.1 pp | ▼ −0.6%long unwinding |
| 26 JunLodha Developers shares rise after ₹1,865 crore block deal | ▼ −0.8%Nifty −0.5% · −0.4 pp | ▲ +0.8%Nifty −0.8% · +1.6 pp | ▲ +15.7%Nifty +1.6% · +14.1 pp | ▼ −0.6%long unwinding |
| 25 JunLodha Developers sees ₹1,865 crore block deal | ▼ −0.8%Nifty −0.5% · −0.4 pp | ▲ +0.8%Nifty −0.8% · +1.6 pp | ▲ +15.7%Nifty +1.6% · +14.1 pp | ▼ −0.6%long unwinding |
| 15 FebLodha Developers acquires 80% stake in Solidrise Realty | ▲ +2.3%Nifty +0.8% · +1.4 pp | ▲ +2.2%Nifty +1.0% · +1.2 pp | ▼ −0.1%Nifty +0.9% · −1.0 pp | ▼ −1.6%short covering |
| 15 FebLodha Developers acquires 80% stake in Solidrise Realty | ▲ +2.3%Nifty +0.8% · +1.4 pp | ▲ +2.2%Nifty +1.0% · +1.2 pp | ▼ −0.1%Nifty +0.9% · −1.0 pp | ▼ −1.6%short covering |
| 28 NovLodha Developers to receive ₹521 crore refund from Supreme Court | ▼ −0.7%Nifty −0.1% · −0.7 pp | ▼ −2.5%Nifty −0.1% · −2.3 pp | ▼ −3.9%Nifty −0.1% · −3.8 pp | ▲ +4.6%short build-up |
Revenue ₹4,997 cr, +43% on a year earlier; profit ₹1,373 cr, +100% in the Jun 2026 quarter, consolidated.
| Quarter | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ | Market on the day |
|---|---|---|---|---|---|---|
| Jun 2026filed 24 Jul | ₹4,997 cr | ▲ +43% | ₹1,373 cr | ▲ +100% | 13.70 | ▲ +4.8%Nifty +1.0% · +3.8 pp |
| Mar 2026filed 24 Apr · audited | ₹4,714 cr | ▲ +12% | ₹1,008 cr | ▲ +9.2% | 10.07 | ▲ +4.6%Nifty +0.8% · +3.8 pp |
| Dec 2025filed 28 Jan | ₹4,673 cr | ▲ +14% | ₹958 cr | ▲ +1.4% | 9.56 | ▲ +2.4%Nifty +0.3% · +2.1 pp |
| Sept 2025filed 30 Oct | ₹3,799 cr | ▲ +45% | ₹790 cr | ▲ +87% | 7.87 | ▲ +2.3%Nifty −0.6% · +2.9 pp |
| Jun 2025filed 26 Jul | ₹3,492 cr | ▲ +23% | ₹675 cr | ▲ +42% | 6.74 | ▼ −6.0%Nifty −0.6% · −5.3 pp |
| Mar 2025filed 24 Apr · audited | ₹4,224 cr | ▲ +5.1% | ₹923 cr | ▲ +38% | 9.22 | ▼ −1.1%Nifty −0.9% · −0.3 pp |
| Dec 2024filed 11 Mar | ₹4,083 cr | ▲ +39% | ₹945 cr | ▲ +87% | 9.45 | ▲ +5.3%Nifty +0.2% · +5.1 pp |
| Sept 2024filed 25 Oct | ₹2,626 cr | ▲ +50% | ₹423 cr | ▲ +110% | 4.23 | ▲ +2.4%Nifty +0.7% · +1.7 pp |
| Year | Revenue ₹ cr | Revenue YoY | Profit ₹ cr | Profit YoY | EPS ₹ |
|---|---|---|---|---|---|
| FY26to Mar 2026 | ₹16,676 cr | ▲ +21% | ₹3,431 cr | ▲ +24% | 34.24 |
| FY25to Mar 2025 | ₹13,780 cr | ▲ +34% | ₹2,767 cr | ▲ +78% | 27.66 |
| FY24to Mar 2024 | ₹10,316 cr | — | ₹1,554 cr | — | 15.95 |
LODHA trades at 27 times trailing earnings against 34 for its industry, 4.7 times book value, revenue +26% over twelve months, a 0.77% dividend yield, market cap ₹1,10,000 cr.
| Stock | Market cap ₹ | P/E | P/B | Close ₹ |
|---|---|---|---|---|
| DLFDLF Limited | 1,60,000 cron 1 Oct | 37consolidated | 3.6 | ₹658.40 |
| LODHALodha Developers Limited | 1,10,000 cron 1 Oct | 27consolidated | 4.7 | ₹1,105.60 |
| PHOENIXLTDThe Phoenix Mills Limited | 69,000 cron 1 Oct | 54consolidated | 4.8 | ₹1,930.00 |
| PRESTIGEPrestige Estates Projects Limited | 64,000 cron 1 Oct | 56consolidated | 3.8 | ₹1,486.10 |
| OBEROIRLTYOberoi Realty Limited | 64,000 cron 1 Oct | 21consolidated | 3.6 | ₹1,754.60 |
| GODREJPROPGodrej Properties Limited | 48,000 cron 1 Oct | 30consolidated | 2.5 | ₹1,595.80 |
| ANANTRAJAnant Raj Limited | 21,000 cron 1 Oct | — | 3.6 | ₹577.85 |
| BRIGADEBrigade Enterprises Limited | 19,000 cron 1 Oct | — | 2.5 | ₹569.55 |
| HORIZONINDHorizon Industrial Parks Limited | 14,000 cron 1 Oct | — | — | ₹48.65 |
| SOBHASobha Limited | 13,000 cron 1 Oct | — | 2.8 | ₹1,213.10 |
| ABRELAditya Birla Real Estate Limited | 12,000 cron 1 Oct | — | 3.3 | ₹1,100.50 |
| SIGNATURESignatureglobal (India) Limited | 10,000 cron 1 Oct | — | 5.6 | ₹737.45 |
| MAXESTATESMax Estates Limited | 9,300 cron 1 Oct | — | 2.9 | ₹566.25 |
| EMBDLEmbassy Developments Limited | 7,800 cron 1 Oct | — | 0.78 | ₹56.15 |
| MAHLIFEMahindra Lifespace Developers Limited | 7,500 cron 1 Oct | — | 2.1 | ₹351.15 |
| GANESHHOUGANESH HOUSING LIMITED | 5,800 cron 1 Oct | — | 2.5 | ₹699.10 |
| KALPATARUKalpataru Limited | 5,600 cron 1 Oct | — | 1.4 | ₹273.50 |
| MANINFRAMan Infraconstruction Limited | 5,000 cron 1 Oct | — | 2.2 | ₹124.30 |
| DBREALTYValor Estate Limited | 5,000 cron 1 Oct | — | 1.2 | ₹91.70 |
| PURVAPuravankara Limited | 4,900 cron 1 Oct | — | 2.7 | ₹204.65 |
| RUSTOMJEEKeystone Realtors Limited | 4,600 cron 1 Oct | — | 1.6 | ₹361.25 |
| RAYMONDRELRaymond Realty Limited | 4,300 cron 1 Oct | — | 2.8 | ₹648.45 |
| SUNTECKSunteck Realty Limited | 4,100 cron 1 Oct | — | 0.92 | ₹279.45 |
| ASHIANAAshiana Housing Limited | 3,900 cron 1 Oct | — | 4.5 | ₹383.95 |
| KOLTEPATILKolte - Patil Developers Limited | 3,700 cron 1 Oct | — | 3.1 | ₹418.80 |
| TARCTARC Limited | 3,700 cron 1 Oct | — | 3.5 | ₹125.60 |
| AGIILAgi Infra Limited | 3,200 cron 1 Oct | — | 6.7 | ₹260.00 |
| ELPROINTLElpro International Limited | 3,000 cron 1 Oct | — | — | ₹174.30 |
| ARVSMARTArvind SmartSpaces Limited | 2,700 cron 1 Oct | — | 3.0 | ₹592.50 |
| ALEMBICLTDAlembic Limited | 2,700 cron 1 Oct | — | 1.1 | ₹104.10 |
| MARATHONMarathon Nextgen Realty Limited | 2,600 cron 1 Oct | — | 1.1 | ₹388.10 |
| HUBTOWNHubtown Limited | 2,500 cron 1 Oct | — | 0.95 | ₹177.40 |
| AJMERAAjmera Realty & Infra India Limited | 2,400 cron 1 Oct | — | 1.6 | ₹119.60 |
| ARKADEArkade Developers Limited | 2,200 cron 1 Oct | — | 2.5 | ₹118.70 |
| OMAXEOmaxe Limited | 2,000 cron 1 Oct | — | — | ₹108.80 |
| MIILMeghna Infracon Infrastructure Limited | 1,500 cron 1 Oct | — | — | ₹677.05 |
| PVPPVP Ventures Limited | 1,300 cron 1 Oct | — | 3.2 | ₹50.45 |
| SHRIRAMPPSShriram Properties Limited | 1,100 cron 1 Oct | — | 0.79 | ₹67.35 |
| PRANAVPranav Constructions Limited | 1,100 cron 1 Oct | — | — | ₹97.20 |
| UNITECHUnitech Limited | 1,000 cron 1 Oct | — | — | ₹3.95 |
| SURAJESTSuraj Estate Developers Limited | 960 cron 1 Oct | — | 0.96 | ₹200.15 |
| ARIHANTSUPArihant Superstructures Limited | 940 cron 1 Oct | — | 2.1 | ₹216.65 |
| ARIHANTArihant Foundations & Housing Limited | 890 cron 1 Oct | — | — | ₹894.10 |
| PROZONERProzone Realty Limited | 800 cron 1 Oct | — | 1.6 | ₹52.55 |
| ELDEHSGEldeco Housing And Industries Limited | 770 cron 1 Oct | — | 1.9 | ₹782.25 |
| VASCONEQVascon Engineers Limited | 750 cron 1 Oct | — | 0.66 | ₹32.60 |
| MODISModis Navnirman Limited | 720 cron 1 Oct | — | 4.6 | ₹367.85 |
| YOGIYogi Limited | 720 cron 1 Oct | — | — | ₹159.35 |
| SHRADDHAShraddha Prime Projects Limited | 630 cron 1 Oct | — | — | ₹155.10 |
| CCCLConsolidated Construction Consortium Limited | 600 cron 1 Oct | — | 2.2 | ₹13.45 |
| PENINLANDPeninsula Land Limited | 480 cron 1 Oct | — | 7.4 | ₹14.60 |
| NILASPACESNila Spaces Limited | 440 cron 1 Oct | — | 2.6 | ₹11.20 |
| SBGLPSuratwwala Business Group Limited | 390 cron 1 Oct | — | 3.6 | ₹22.75 |
| NIMBSPROJNimbus Projects Limited | 370 cron 1 Oct | — | 1.1 | ₹189.45 |
| EMAMIREALEmami Realty Limited | 350 cron 1 Oct | — | — | ₹67.15 |
| RRECLRDB Real Estate Constructions Limited | 350 cron 1 Oct | — | — | ₹131.45 |
| NILAINFRANila Infrastructures Limited | 260 cron 1 Oct | — | 1.4 | ₹6.55 |
| SVGLOBALS V Global Mill Limited | 240 cron 1 Oct | — | — | ₹132.95 |
| GENCONGeneric Engineering Construction and Projects Limited | 230 cron 1 Oct | — | 0.79 | ₹40.75 |
| NATIONSTDNational Standard (India) Limited | 230 cron 1 Oct | — | — | ₹114.90 |
| RVHLRavinder Heights Limited | 230 cron 1 Oct | — | 0.79 | ₹37.25 |
| HAMPTONHampton Sky Realty Limited | 220 cron 1 Oct | — | — | ₹8.10 |
| ATALREALAtal Realtech Limited | 160 cron 1 Oct | — | 1.6 | ₹12.80 |
| AMJLANDAmj Land Holdings Limited | 150 cron 1 Oct | — | 0.71 | ₹37.00 |
| HBESDHB Estate Developers Limited | 150 cron 1 Oct | — | — | ₹65.10 |
| PRAENGPrajay Engineers Syndicate Limited | 140 cron 1 Oct | — | 0.30 | ₹20.10 |
| SUPREMESupreme Holdings & Hospitality (India) Limited | 120 cron 1 Oct | — | 0.21 | ₹31.10 |
| THAKDEVThakkers Developers Limited | 120 cron 1 Oct | — | — | ₹128.75 |
| SHRIKRISHShri Krishna Devcon Limited | 100 cron 1 Oct | — | — | ₹35.95 |
| SHERVANIShervani Industrial Syndicate Limited | 86 cron 1 Oct | — | — | ₹335.00 |
| CINEVISTACinevista Limited | 78 cron 1 Oct | — | 1.4 | ₹13.65 |
| ANSALBUAnsal Buildwell Limited | 63 cron 1 Oct | — | — | ₹85.15 |
| SIMPLXREASimplex Realty Limited | 37 cron 1 Oct | — | — | ₹123.50 |
| KAMANWALAKamanwala Housing Construction Limited | 24 cron 1 Oct | — | — | ₹17.15 |
| STLSTRINFSteel Strips Infrastructures Limited | 19 cron 1 Oct | — | — | ₹21.50 |
| ANSALAPIAnsal Properties & Infrastructure Limited | — | — | — | — |
| COUNCODOSCountry Condo's Limited | — | — | — | — |
| DHARANDHARAN INFRA-EPC LIMITED | — | — | — | — |
| DSKULKARNIDS Kulkarni Developers Limited | — | — | — | — |
| GEECEEGeeCee Ventures Limited | — | — | — | — |
| GOLDENTOBCGolden Tobacco Limited | — | — | — | — |
| HDILHousing Development and Infrastructure Limited | — | — | — | — |
| LANCORHOLLancor Holdings Limited | — | — | — | — |
| LOTUSDEVSri Lotus Developers and Realty Limited | — | — | — | — |
| MPDLMPDL Limited | — | — | — | — |
| PARSVNATHParsvnath Developers Limited | — | — | — | — |
| VIPULLTDVipul Limited | — | — | — | — |
Promoters hold 70.3%, foreign portfolio investors 23.6%, mutual funds 1.9% and insurance companies 1.6%, as filed for the quarter to 30 Jun.
| Category | 30 Jun | 31 Mar | 31 Dec | 30 Sept | 30 Jun |
|---|---|---|---|---|---|
| Promoters | 70.31▼ −1.96 pp | 72.27▲ +0.42 pp | 71.85▼ −0.02 pp | 71.87▼ −0.03 pp | 71.90 |
| Foreign portfolio investors | 23.62▲ +2.38 pp | 21.24▼ −2.25 pp | 23.49▼ −0.62 pp | 24.11▼ −0.78 pp | 24.89 |
| Mutual funds | 1.88▼ −1.49 pp | 3.37▲ +1.39 pp | 1.98▲ +0.43 pp | 1.55▲ +0.78 pp | 0.77 |
| Insurance companies | 1.58▲ +0.35 pp | 1.23▲ +0.05 pp | 1.180.00 pp | 1.18▼ −0.24 pp | 1.42 |
| Banks and financial institutions | 0.10▲ +0.08 pp | 0.02▲ +0.01 pp | 0.01▲ +0.01 pp | 0.000.00 pp | 0.00 |
| Individual investors | 1.86▲ +0.38 pp | 1.48▲ +0.17 pp | 1.31▲ +0.17 pp | 1.14▲ +0.28 pp | 0.86 |
| Bodies corporate | 0.49▲ +0.23 pp | 0.26▲ +0.19 pp | 0.07▲ +0.02 pp | 0.050.00 pp | 0.05 |
| Other foreign holders | 0.03▲ +0.03 pp | — | — | — | — |
| Others | 0.130.00 pp | 0.13▲ +0.02 pp | 0.11▲ +0.01 pp | 0.10▼ −0.01 pp | 0.11 |
Nothing upcoming on record; the last was a dividend of ₹4.25 a share, ex-date 7 Aug 2026.
| Ex-date | Action | Amount or ratio | Record date | Source |
|---|---|---|---|---|
| recent | ||||
| 7 Aug 2026 | dividend | ₹4.25 | 7 Aug 2026 | BSE |
| 22 Aug 2025 | dividend | ₹4.25 | 22 Aug 2025 | BSE |
| 16 Aug 2024 | dividend | ₹2.25 | 16 Aug 2024 | BSE |
LODHA is −8.5% over 20 sessions against Nifty's −6.2%, 18% below its 52-week high, realised volatility 39% annualised.
| Window | From ₹ | LODHA % | Nifty 50 % | Difference pp |
|---|---|---|---|---|
| 250 sessionssince 26 Sept | ₹1,141.09 | ▼ −3.1% | ▼ −9.1% | +6.0 |
| 120 sessionssince 9 Apr | ₹789.55 | ▲ +40% | ▼ −5.7% | +46 |
| 60 sessionssince 8 Jul | ₹1,115.08 | ▼ −0.85% | ▼ −6.1% | +5.3 |
| 20 sessionssince 2 Sept | ₹1,208.31 | ▼ −8.5% | ▼ −6.2% | −2.3 |
| 5 sessionssince 24 Sept | ₹1,158.06 | ▼ −4.5% | ▼ −2.8% | −1.8 |
| 1 sessionsince 30 Sept | ₹1,135.00 | ▼ −2.6% | ▼ −0.88% | −1.7 |
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