Macrotech Developers Limited (LODHA) - Net Assets
Based on the latest financial reports, Macrotech Developers Limited (LODHA) has net assets worth Rs223.30 Billion INR (≈ $2.41 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs532.60 Billion ≈ $5.76 Billion USD) and total liabilities (Rs309.30 Billion ≈ $3.34 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how tangible is Macrotech Developers Limited's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs223.30 Billion |
| % of Total Assets | 41.93% |
| Annual Growth Rate | 20.39% |
| 5-Year Change | 294.96% |
| 10-Year Change | 389.17% |
| Growth Volatility | 47.15 |
Macrotech Developers Limited - Net Assets Trend (2014–2025)
This chart illustrates how Macrotech Developers Limited's net assets have evolved over time, based on quarterly financial data. See Macrotech Developers Limited (LODHA) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Macrotech Developers Limited (2014–2025)
The table below shows the annual net assets of Macrotech Developers Limited from 2014 to 2025. For live valuation and market cap data, see LODHA market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs202.45 Billion ≈ $2.19 Billion |
+15.46% |
| 2024-03-31 | Rs175.34 Billion ≈ $1.90 Billion |
+37.82% |
| 2023-03-31 | Rs127.22 Billion ≈ $1.38 Billion |
+4.61% |
| 2022-03-31 | Rs121.62 Billion ≈ $1.32 Billion |
+137.27% |
| 2021-03-31 | Rs51.26 Billion ≈ $554.34 Million |
+1.07% |
| 2020-03-31 | Rs50.71 Billion ≈ $548.46 Million |
+15.90% |
| 2019-03-31 | Rs43.76 Billion ≈ $473.23 Million |
+94.05% |
| 2018-03-31 | Rs22.55 Billion ≈ $243.86 Million |
-49.68% |
| 2017-03-31 | Rs44.81 Billion ≈ $484.60 Million |
+8.27% |
| 2016-03-31 | Rs41.39 Billion ≈ $447.58 Million |
+20.69% |
| 2015-03-31 | Rs34.29 Billion ≈ $370.85 Million |
+30.43% |
| 2014-03-31 | Rs26.29 Billion ≈ $284.34 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Macrotech Developers Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 406.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs91.60 Billion | 45.40% |
| Common Stock | Rs9.98 Billion | 4.94% |
| Other Comprehensive Income | Rs4.92 Billion | 2.44% |
| Other Components | Rs95.28 Billion | 47.22% |
| Total Equity | Rs201.78 Billion | 100.00% |
Macrotech Developers Limited Competitors by Market Cap
The table below lists competitors of Macrotech Developers Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Formosa Chemicals & Fibre Corp
TW:1326
|
$9.99 Billion |
|
CITIC Pacific Special Steel Group Co Ltd
SHE:000708
|
$9.99 Billion |
|
Dosilicon Co Ltd
SHG:688110
|
$9.99 Billion |
|
Unigroup Guoxin Microelectronics Co Ltd
SHE:002049
|
$9.99 Billion |
|
China Aerospace Times Electronics Co Ltd
SHG:600879
|
$9.97 Billion |
|
Itaúsa - Investimentos Itaú SA
SA:ITSA3
|
$9.97 Billion |
|
Arrow Electronics Inc
NYSE:ARW
|
$9.97 Billion |
|
Deutsche Lufthansa AG
XETRA:LHA
|
$9.97 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Macrotech Developers Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 174,693,000,000 to 201,778,000,000, a change of 27,085,000,000 (15.5%).
- Net income of 27,643,000,000 contributed positively to equity growth.
- Dividend payments of 2,239,000,000 reduced retained earnings.
- New share issuances of 812,000,000 increased equity.
- Other comprehensive income decreased equity by 222,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs27.64 Billion | +13.7% |
| Dividends Paid | Rs2.24 Billion | -1.11% |
| Share Issuances | Rs812.00 Million | +0.4% |
| Other Comprehensive Income | Rs-222.00 Million | -0.11% |
| Other Changes | Rs1.09 Billion | +0.54% |
| Total Change | Rs- | 15.50% |
Book Value vs Market Value Analysis
This analysis compares Macrotech Developers Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.57x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 31.58x to 4.57x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-03-31 | Rs29.26 | Rs924.00 | x |
| 2015-03-31 | Rs39.84 | Rs924.00 | x |
| 2016-03-31 | Rs48.05 | Rs924.00 | x |
| 2017-03-31 | Rs56.97 | Rs924.00 | x |
| 2018-03-31 | Rs28.03 | Rs924.00 | x |
| 2019-03-31 | Rs48.51 | Rs924.00 | x |
| 2020-03-31 | Rs57.50 | Rs924.00 | x |
| 2021-03-31 | Rs58.09 | Rs924.00 | x |
| 2022-03-31 | Rs132.13 | Rs924.00 | x |
| 2023-03-31 | Rs131.28 | Rs924.00 | x |
| 2024-03-31 | Rs180.29 | Rs924.00 | x |
| 2025-03-31 | Rs202.09 | Rs924.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Macrotech Developers Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.70%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.06%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 2.47x
- Recent ROE (13.70%) is below the historical average (21.74%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 31.72% | 16.35% | 0.21x | 9.46x | Rs5.25 Billion |
| 2015 | 23.30% | 12.26% | 0.22x | 8.49x | Rs4.38 Billion |
| 2016 | 16.92% | 8.15% | 0.27x | 7.81x | Rs2.75 Billion |
| 2017 | 12.74% | 7.17% | 0.20x | 8.70x | Rs1.20 Billion |
| 2018 | 80.46% | 18.45% | 0.20x | 21.55x | Rs15.64 Billion |
| 2019 | 42.60% | 13.74% | 0.24x | 12.98x | Rs12.52 Billion |
| 2020 | 15.98% | 5.85% | 0.31x | 8.94x | Rs2.72 Billion |
| 2021 | 0.87% | 0.74% | 0.14x | 8.55x | Rs-4.20 Billion |
| 2022 | 9.93% | 13.02% | 0.24x | 3.18x | Rs-81.03 Million |
| 2023 | 3.84% | 5.14% | 0.24x | 3.09x | Rs-7.80 Billion |
| 2024 | 8.87% | 15.02% | 0.22x | 2.70x | Rs-1.98 Billion |
| 2025 | 13.70% | 20.06% | 0.28x | 2.47x | Rs7.47 Billion |
Industry Comparison
This section compares Macrotech Developers Limited's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $5,844,880,300
- Average return on equity (ROE) among peers: 9.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Macrotech Developers Limited (LODHA) | Rs223.30 Billion | 31.72% | 1.39x | $9.98 Billion |
| Ajmera Realty & Infra India Limited (AJMERA) | $3.62 Billion | 6.87% | 0.61x | $288.02 Million |
| Amj Land Holdings Limited (AMJLAND) | $1.18 Billion | 3.19% | 0.90x | $17.40 Million |
| Ansal Properties & Infrastructure Limited (ANSALAPI) | $9.45 Billion | 13.98% | 1.38x | $5.50 Million |
| Arihant Superstructures Limited (ARIHANTSUP) | $1.21 Billion | 26.91% | 4.02x | $125.28 Million |
| Arkade Developers Ltd (ARKADE) | $3.24 Billion | 37.99% | 0.78x | $229.52 Million |
| Art Nirman Limited (ARTNIRMAN) | $340.03 Million | -32.34% | 0.32x | $10.72 Million |
| Arvind SmartSpaces Limited (ARVSMART) | $6.26 Billion | 6.64% | 2.36x | $302.41 Million |
| Ashiana Housing Limited (ASHIANA) | $990.01 Million | 28.69% | 1.64x | $412.68 Million |
| Ashima Limited (ASHIMASYN) | $-2.30 Billion | 0.00% | 0.00x | $32.52 Million |
| Valor Estate Limited (DBREALTY) | $34.46 Billion | 0.10% | 0.53x | $666.08 Million |
About Macrotech Developers Limited
Lodha Developers Limited, through its subsidiaries, engages in the development of real estate properties in India. The company is involved in the construction and development of residential, office, and retail properties, as well as leasing of retail and office spaces. It also develops warehousing, logistics, light industrial facilities, and digital infrastructure parks. It develops properties un… Read more