Motilal Oswal reiterates Buy rating for Lodha Developers with a revised target price of Rs 1,870, indicating a 36% potential upside.
Lodha Developers has been focusing on expanding into new markets and geographies to enhance its residential business since its FY21 listing.
The company's presales are expected to grow at a 20% Compound Annual Growth Rate (CAGR), supported by strong collections and a debt level of 0.2x as of Q4 FY25.
Lodha entered Pune, is rapidly expanding, completed a pilot phase in Bengaluru, and acquired a 5.6msf project with a gross development value of Rs 66 billion in FY25.