Lodha Developers Ltd. benchmarking: Performance to industry peers

Financial

	Lodha Developers	Oberoi Realty	Phoenix Mills
Operational Metrics
NBFC
Cost of Borrowing	7.9 %	n/a	7.62 %
Real Estate
Leasable Area	3.9 Mn Sqft	6.67 Mn Sqft	11.5 Mn Sqft
Residential Projects Under Construction	41.03 Mn Sqft	n/a	4.85 Mn Sqft
Non-Residential Area Under Construction	2.8 Mn Sqft	n/a	4.0 Mn Sqft
Total Area Under Construction	40.41 Mn Sqft	29.72 Mn Sqft	9.85 Mn Sqft
Occupancy Rate - Commercial Real Estate	13.51 %	96.94 %	n/a
Inventory - Residential	0.53 Mn Sqft	3.14 Mn Sqft	2.22 Mn Sqft
Sales Realization / Sqft - Residential	30310.77 Rs/Sqft	n/a	14973.48 Rs/Sqft
Unclassified
Rent per sqft - Annualized	781.01 Rs/Sqft	576.0 Rs/Sqft	n/a
Financials
5 yr Average ROE	7.44 %	12.33 %	8.34 %
5yr average Equity Multiplier	3.98	1.43	2.13
5yr Average Asset Turnover Ratio	0.22	0.21	0.15
5yr Avg Net Profit Margin	10.8 %	41.05 %	25.11 %
Price to Book	3.34	3.3	5.15
P/E	21.28	24.71	51.06
5yr Avg Cash Conversion Cycle	1357.74 Days	144.07 Days	-243.02 Days
Inventory Days	1239.1 Days	700.81 Days	153.0 Days
Days Receivable	20.88 Days	10.94 Days	23.94 Days
Days Payable	131.51 Days	331.12 Days	339.38 Days
5yr Average Interest Coverage Ratio	3.83	13.69	3.84
5yr Avg ROCE	15.75 %	13.43 %	8.12 %
5yr Avg Operating Profit Margin	18.29 %	51.05 %	53.15 %
5 yr average Debt to Equity	1.28	0.23	0.57
5yr CAGR Net Profit	133.11 %	24.66 %	76.4 %
5yr Average Return on Assets	2.67 %	8.59 %	3.99 %
Shareholdings
Promoter Holding	71.85 %	67.7 %	47.25 %
Share Pledged by Promoters	0.0	0.0	0.0
Change in Promoter Holding (3 Yrs)	-3.15 %	0.0	-0.06 %
Change in Mutual Fund Holding (3 Yrs)	1.03 %	1.4 %	-3.51 %

	Lodha Developers	Oberoi Realty	Phoenix Mills
Product Wise Break-Up	Product Wise Break-Up Income from property development 88.61 Sale of Land / Development rights 9.34 Income from lease rentals 0.94 Sale of Building Materials 0.32 Hospitality 0 Real Estate 0 Residential Business 0 Hospitality Services 0 Property & Related Services 0 Others 0.79	Product Wise Break-Up Sale of Land / Development rights 0 Property & Related Services 0 Sale of Building Materials 0 Income from lease rentals 0 Hospitality 3.73 Residential Business 0 Real Estate 96.27 Income from property development 0 Hospitality Services 0	Product Wise Break-Up Sale of Land / Development rights 0 Property Development 75.05 Sale of Building Materials 0 Income from lease rentals 0 Hospitality 0 Residential Business 5.58 Real Estate 0 Income from property development 0 Hospitality 19.37
Location Wise Break-Up	Location Wise Break-Up Domestic 100.0 International 0 India 0	Location Wise Break-Up India 100.0 International 0 Domestic 0	Location Wise Break-Up India 100.0 International 0 Domestic 0