AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 15 Sep - Company will attend Anand Rathi investor conference in Mumbai on 22 September 2026.
Source: Bse
Sri Lotus Developers and Realty Limited (LOTUSDEV)
Micro CapReal Estate stocks · Micro cap · NSE
Sri Lotus Developers & Realty is a Mumbai-based luxury and ultra-luxury residential and commercial developer. It focuses on asset-light redevelopment and joint development projects, known for rapid execution ahead of RERA timelines. The company reported a net cash balance of INR 697 Crs as of March 2026.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals14 Oct 2026 · screener
Official result overlay30 Sept 2026 · nse-xbrl
Latest result15 Oct, 07:19 pm IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Real Estate P/E 22.2 (n=72)
Technical timing lens
Trend score and candlestick chart
65Bullishfull bull SMA stack · SMA20 +19.0% / mo · MACD − · near 52W high · sector -6.4pp vs Nifty 500 (3M)
Stock trend: 79
Sector RS: 44
Sector 3M: -12.0% vs Nifty 500 -5.6%
Real Estate FPI tailwindBuilding
Latest FPI flow is positive, but a second consecutive positive fortnight is still required. View sector evidence
Technical chart
LOTUSDEVD candles · FIT view+65.6%Latest close ₹239.83 on 2026-10-19
Bar
-2.1%
RSI
61
MACD hist
-0.52
52W pos
94%
2026-10-19O ₹245.00H ₹245.00L ₹235.40C ₹239.83Vol 9.7L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
LOTUSDEVNifty RealtyNifty 500
- LOTUSDEV
- +70.1%
- Nifty 500
- -5.6%
- Nifty Realty
- -11.0%
- Vs Nifty 500
- +75.7 pp
Chart stats
19 Oct 2026- From 52W high
- -3.5%
- 52W range position
- 94%
- ATR (14)
- 4.9%
- Volume vs 20D
- 0.95x
- Avg traded value
- ₹23.9 Cr
- 20D price channel
- ₹202.2 - ₹248.4
₹248.4
₹102.2 - ₹248.4
₹11.7
Latest completed session
20-session average
45.8% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, while price trend supports entry. This looks more like momentum/speculation than a clean fundamental investment setup.
Weak U-Score but strong trend: momentum may be ahead of fundamentals.
Suggested next step
Momentum only
Trend is strong but fundamentals do not support a clean investment thesis.
U-Score
Legacy · FAIR VALUE47
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent100
Revenue +52.6% · PAT +92.5% YoY
Technical
Bullish65
Price trend and sector-relative-strength timing.
Valuation
Legacy model-20.2%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence72
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Sept 2026
Excellent · 100/100Rev +53% YoY · PAT +92% YoY · margin expansion · +103% QoQ · operating leverage
Filed 15 Oct 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹268.6 Cr | +52.6% | +102.9% |
| EBITDA | ₹107.3 Cr | +114.5% | +122.8% |
| Operating margin | 39.9% | +1094 bps | +357 bps |
| PAT | ₹88.5 Cr | +92.5% | +93.6% |
| PAT margin | 33.0% | +682 bps | -158 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 41.09
- P/B
- 5.91
- EV/EBITDA
- 38.27
- Market Cap
- 12034.73Cr
Profitability
- ROE
- 16.70%
- ROCE
- 21.20%
- ROA
- 11.19%
- Dividend Y
- 0.22%
Growth (CAGR)
- Revenue 5Y
- 29.00%
- EPS 5Y
- 29.00%
- Revenue 3Y
- 66.00%
- EPS 3Y
- 72.50%
Balance Sheet
- Debt/Equity
- 0.07
- Interest Coverage
- 149.50×
- Altman Z
- 8.18
- Book Value
- 39.10
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 2/5
- OCF
- -326.00 Cr
- EPS TTM
- 5.99
Shareholding
- Promoter Hold
- 79.87%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 88%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 269+102.9% vs prev
Net Profit
₹ CrLatest: 88.5+93.6% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 61. Wait for confirmation.
- Price > SMA20 > SMA50 > SMA200 — full bullish stack.
- SMA20 rising (~16.0% over last month) — short-term momentum positive.
- RSI(14) at 61 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 3% off 52W high · 135% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
90
RS percentile
Stage 2 UptrendEstablished S2
1M return
+11.5%
3M return
+70.1%
6M return
+63.7%
1Y return
+30.1%
RS 1D
0
RS 20D
+5
Sector rank
#18
Industry rank
#71
Stage evidence
- Price is 46.5% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +8.9%.
- Both 3-month and 6-month returns are positive.
50-DMA
price above
200-DMA
price above
S2 entered
04 Aug 2026
S2 age
53 trading sessions
Sector
lagging
Industry
lagging
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 127.65-1.60%
RS vs Nifty 500128
Valuation & peers
U-Score 47 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 47 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
FAIR_VALUE
Fundamental score breakdown
U band · FAIR VALUEValuation0/30
Growth22/25
Quality11/20
Balance Sheet11/15
Cash Flow1/10
Piotroski
6/9 (+3)
Penalties
-1
Raw sum
47
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
47/100 · legacy band FAIR VALUE
Positive drivers
- Growth contributes 22/25 to the score.
- Balance sheet contributes 11/15 to the score.
- Quality contributes 11/20 to the score.
Main drags
- Penalty bucket subtracts 1 points.
- Fair-value margin of safety is negative at -20.2%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
Sector valuation model
Real estate valuation: NAV, pre-sales, debt, and inventory quality
Real estate valuation depends more on project economics and balance sheet than simple PE.
Primary lens
NAV and market cap versus project pipeline and pre-sales.
Secondary checks
Inventory age, net debt, collections, execution record.
Main risk check
Book value can overstate value if inventory is slow or debt is high.
PE
41.1
PB
5.9
EV/EBITDA
38.3
ROE
16.7%
ROCE
21.2%
FCF Yield
—
Debt/Equity
0.1
MoS
-20.2%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
47
Previous: 47
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
-20.2%
Previous: -20.2%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
47
47
47
47
47
47
47
47
47
47
47
47
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹72.59
-230.4% MoS
Growth-justified P/E
33.3
Growth-justified Value
₹199.47
-20.2% MoS
PEG
0.89
Comparable companies
Peers
Business-comparable peers in Real Estate — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
MAHLIFE
Small
Mahindra Lifespace Developers Limited
Real Estate
match 166
44
24.1
9.9%
+34%
WATCHLIST
EMBDL
Micro
Embassy Developments Ltd.
Real Estate
match 162
15
—
-9.2%
—
OVERVALUED
PURVA
Micro
Puravankara Limited
Real Estate
match 161
36
30.7
3.5%
+10%
WATCHLIST
SUNTECK
Micro
Sunteck Realty Limited
Real Estate
match 161
56
18.9
5.8%
+45%
FAIR VALUE
DBREALTY
Micro
Valor Estate Limited
Real Estate
match 161
31
—
-1.3%
-801%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-06-10T07:12:44.090Z
Management commentary snapshot
LOTUSDEV reported strong FY26 pre-sales of INR 1,157 Crs (+137% YoY) and revenue of INR 769 Crs (+40% YoY), with PAT at INR 243 Crs (31.6% margin). Q4FY26 pre-sales were INR 462 Crs, driven by new launches.
The company delivered robust FY26 performance with significant pre-sales growth and healthy profitability, supported by new launches and an asset-light model. The strong project pipeline and positive FY27 guidance suggest continued momentum in the luxury segment, though negative operating cash flow warrants monitoring.
Current business mix
Upcoming Projects Carpet Area by Development Type
Latest issuer-disclosed distribution across 3 reported categories.
Redevelopment71.9%
Joint Development25.0%
Greenfield3.1%
Growth engines
Focus on Luxury & Ultra-Luxury Segment
The company focuses on redevelopment projects in the luxury and ultra-luxury segment in Mumbai, which offers highest sales velocity.
Asset-Light Model
The business operates on an asset-light model, with ~100% of new projects undertaken through redevelopment & Joint Development, providing financial flexibility.
Rapid Project Execution
Rapid project execution with completion of residential developments 12-18 months ahead of RERA timelines drives superior control and customer satisfaction.
Micro-Market Expansion
Strategic expansion into other micro-markets of Mumbai like Bandra, Versova, South-Central Mumbai, and Eastern Suburbs, leveraging an established foothold.
Capacity and execution
FY26 New Project Additions
During FY26, the company added nine new projects with a cumulative GDV of ~INR 8,500–9,000 Crs.
Q4FY26 Project Launch
Project Celestia (Versova) was launched in Q4FY26 with an estimated GDV of ~INR 1,400-1,500 Crs, achieving INR 155 Crs in bookings.
GIFT City Flagship Project
A mixed-use project in GIFT City area with ~1 Mn. Sq. Ft. carpet area and estimated GDV of INR 2,000-2,200 Crs is expected to commence in Q1 FY28.
FY27 Planned Launches
The company plans to launch six projects in FY27 with an estimated GDV of ~INR 5,000–5,500 Crs.
Tailwinds
Strong Demand in Luxury Segment
Management noted resilience of demand in the luxury and ultra-luxury residential portfolio. The luxury segment (> ₹2.5 cr.) in India grew from 3% in CY21 to 22% in Q1CY25.
MMR Market Leadership
MMR (Mumbai Metropolitan Region) is leading in launches (31-35%) and absorption (32-34%) in the Indian real estate market.
Demand for Commercial Spaces
Strong demand from financial institutions, fintech firms, and allied sectors for Grade-A commercial spaces, particularly for the upcoming GIFT City project.
Risk radar
Negative Operating Cash Flow
UNDER_STRESSNet Cash from Operating Activities was negative at -325.8 Crs in FY26, a significant deterioration from -19.5 Crs in FY25, primarily due to changes in working capital.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare BOTH
YoY comparison is crucial for assessing overall growth and project cadence in the real estate sector, which often has lumpy revenues. QoQ is relevant for evaluating sequential momentum from new launches and collections.
Sector KPIs management disclosed
Presales
FY26 Pre-Sales stood at INR 1,157 Crs, registering a strong 137% YoY growth. Q4FY26 Pre-Sales stood at INR 462 Crs, up 177% YoY.
Collections
FY26 Collections were INR 376 Crs. Q4FY26 Collections were INR 82 Crs, up 68% YoY.
Launches
During Q4FY26, Project Celestia in Versova was launched, witnessing bookings of INR 155 Crs. During FY26, nine new projects were added.
Realization (ASP)
ASP per sq. ft was ~INR 69,000/- in FY26.
Management forward view
FY27 Pre-Sales Guidance
Management is guiding for pre-sales of ₹1,800–2,000 crore for FY27.
FY27 Revenue & Profitability Growth
Management expects strong growth in revenue and profitability for FY27, with guidance of ~55-60% YoY growth for both.
Continued Pipeline Enhancement
The company intends to continue adding new projects and developments to enhance its future pipeline.
Core Business Model Principles
The business model is built around capital discipline, strong project selection, premium micro-market positioning, and execution excellence.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Pre-Sales | INR 1,157 Crs (FY26) | Achievement of FY27 guidance of INR 1,800-2,000 Crs. |
| Operating Cash Flow | -325.8 Crs (FY26) | Improvement towards positive cash generation from operations. |
| Project Launches & GDV | 9 projects added in FY26 (GDV ~INR 8,500-9,000 Crs) | Execution of 6 planned FY27 launches (GDV ~INR 5,000-5,500 Crs) and commencement of GIFT City project in Q1 FY28. |
| Net Cash Balance | INR 697 Crs (March 2026) | Maintenance of the net cash position amidst ongoing project investments and working capital needs. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
72Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 69th percentile of the scored universe and 87th percentile within Real Estate. Main check: cash conversion is weak at 40/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
26 docs text-extracted · 8 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
69th percentile
overall median 67 · Real Estate: 87th pctile, median 61 · Micro: 50th pctile, median 73
Evidence depth
Financial-only
26 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
86
strong · holding, pledge, alignment
Cash flow
40
weak · profit to cash conversion
Balance sheet
96
strong · leverage and solvency
Discipline
72
acceptable · capital discipline
Results
77
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 81.9%.
- ▸Promoter pledge is zero.
- ▸Debt/equity is 0.07.
- ▸ROCE is 21.2%.
Trust risks
- ▸Operating cash flow is negative at ₹-326 Cr.
- ▸ROCE trend is -9.5%.
- ▸OPM spread across recent quarters is 28%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Sri Lotus Developers and Realty Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 8 Sep - 12Th Annual General Meeting of the Company is scheduled on Tuesday, September 29, 2026 at 11:30 A.M. IST
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 15 Sep - Intimation of Schedule of Analyst / Institutional Investor meetings under the SEBI (LODR), Regulations 2015
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015 8 Sep - Promoter Anand Kamalnayan Pandit may sell up to 2% equity shares over 7 trading days.
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 8h - Enclosed herewith intimation of earnings call to be held on August 04, 2026
Source: Bse
Announcement
Announcement Under Regulation 30 (LODR) - Update 14 Aug - Subsidiary appointed developer for premium Shivaji Park Beach Front redevelopment project.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 4 Aug - Intimation of Schedule of Analyst / Institutional Investor meetings under the SEBI (LODR), Regulations 2015
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Updates on Acquisition 4 Jul - Completed rights issue allotment in three WOSs for ₹4.91 crore on July 4, 2026.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Acquisition 3 Jul - Board approved up to July 11, 2026 investment of ₹4.91 crore in three wholly owned subsidiaries.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 5 Jun - Intimation of Schedule of Analyst / Institutional Investor meetings under the SEBI (LODR), Regulations 2015 on 11th June, 2026 organised by Choice Broking
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.