Brigade Enterprises Ltd

Brigade Enterpr. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Brigade Enterprises Ltd

₹ 1,065 -2.43%
15 May 12:04 p.m.
brigadegroup.com BSE: 532929 NSE: BRIGADE
About

Brigade Enterprises Ltd was established in 1986. It is a real estate developer in South India, based in Bengaluru, and expanding its area of operations in other parts of India. It has completed over 250 buildings aggregating to over 70 mn. sqft of developed space in residential, offices, retail, and hospitality sectors across Bengaluru and Mysuru, Chennai, Ahmedabad, Hyderabad, Kochi [1] [2] [3]

Key Points

Market Position
The company is among the top 10 listed developers in India, by market capitalisation. Since its inception, it has served 40,000+ customers and completed 280+ buildings, totaling 86+ Mn Sq ft. [1] [2]

Website BSE NSE
  • Market Cap ₹ 26,025 Cr.
  • Current Price ₹ 1,065
  • High / Low ₹ 1,453 / 813
  • Stock P/E 57.1
  • Book Value ₹ 250
  • Dividend Yield 0.18 %
  • ROCE 9.10 %
  • ROE 8.81 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 4.28 times its book value
  • The company has delivered a poor sales growth of 2.87% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 8.64% over last 3 years.
  • Earnings include an other income of Rs.267 Cr.
  • Dividend payout has been low at 13.3% of profits over last 3 years
  • Debtor days have increased from 50.1 to 68.0 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Realty Industry: Construction

Part of BSE Allcap BSE Realty BSE 400 MidSmallCap Index Nifty Realty Nifty MidSmallcap 400

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
676 624 585 514 485 316 438 414 857 534 422 543 619
536 487 456 407 395 257 348 326 641 423 349 436 474
Operating Profit 141 138 129 107 91 59 90 87 216 111 72 107 145
OPM % 21% 22% 22% 21% 19% 19% 21% 21% 25% 21% 17% 20% 23%
42 67 46 44 95 43 58 37 61 44 94 64 65
Interest 34 32 33 35 34 32 32 38 41 48 34 28 20
Depreciation 20 19 19 20 21 18 19 22 20 19 20 21 20
Profit before tax 129 154 123 95 130 53 97 64 216 88 113 122 169
Tax % 35% 26% 26% 27% 16% 27% 26% 26% 26% 25% 20% 25% -23%
84 114 91 70 109 39 72 47 160 66 91 91 208
EPS in Rs 3.64 4.97 3.96 3.03 4.74 1.67 3.12 2.04 6.94 2.84 3.71 3.73 8.51
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
899 988 1,563 1,484 1,249 1,798 1,837 1,524 2,161 2,209 2,024 2,117
614 693 1,192 1,081 848 1,316 1,347 1,118 1,640 1,740 1,567 1,682
Operating Profit 285 295 371 402 401 482 491 406 520 469 458 435
OPM % 32% 30% 24% 27% 32% 27% 27% 27% 24% 21% 23% 21%
17 20 90 86 103 123 130 56 140 247 194 267
Interest 102 115 150 180 183 178 200 198 143 134 144 130
Depreciation 77 92 98 76 69 68 76 87 84 80 78 80
Profit before tax 123 109 212 233 252 359 344 178 433 502 429 492
Tax % 27% 36% 31% 30% 28% 35% 24% 19% 29% 23% 26% 8%
90 70 147 164 181 234 261 145 309 385 318 455
EPS in Rs 5.33 4.14 8.68 9.62 8.84 11.46 12.76 6.85 13.41 16.69 13.77 18.63
Dividend Payout % 25% 32% 15% 17% 15% 12% 8% 18% 11% 12% 15% 13%
Compounded Sales Growth
10 Years: 8%
5 Years: 3%
3 Years: -1%
TTM: 5%
Compounded Profit Growth
10 Years: 21%
5 Years: 11%
3 Years: 15%
TTM: 42%
Stock Price CAGR
10 Years: 26%
5 Years: 61%
3 Years: 37%
1 Year: 1%
Return on Equity
10 Years: 9%
5 Years: 9%
3 Years: 9%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 112 113 113 114 136 136 204 211 230 231 231 244
Reserves 1,160 1,204 1,414 1,581 2,192 2,171 2,339 2,566 3,334 3,698 3,989 5,871
843 1,241 1,716 1,648 1,959 1,907 2,035 1,876 1,631 1,425 1,746 1,588
838 1,005 1,587 1,379 1,469 3,246 3,087 3,456 3,599 3,788 4,582 6,188
Total Liabilities 2,953 3,563 4,829 4,721 5,756 7,460 7,666 8,109 8,795 9,142 10,548 13,891
1,162 1,087 224 975 1,015 1,280 1,405 1,385 1,410 1,365 1,340 2,798
CWIP 188 377 435 250 432 179 75 4 3 16 670 0
Investments 133 192 1,631 827 1,353 1,498 1,793 2,051 2,595 2,347 2,544 2,421
1,470 1,906 2,540 2,669 2,957 4,503 4,393 4,669 4,786 5,413 5,994 8,671
Total Assets 2,953 3,563 4,829 4,721 5,756 7,460 7,666 8,109 8,795 9,142 10,548 13,891

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
449 -16 213 414 69 230 292 419 534 283 -113 332
-159 -240 -473 -342 -638 103 -194 -151 -583 72 -103 -413
-288 251 273 -92 557 -261 -58 -282 123 -360 151 1,096
Net Cash Flow 2 -5 13 -19 -12 72 40 -14 74 -5 -66 1,015

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 14 6 11 14 43 73 56 78 47 42 41 68
Inventory Days 3,942 1,946 2,203 5,741 2,269 2,098
Days Payable 1,005 397 518 1,569 284 212
Cash Conversion Cycle 2,950 6 1,560 1,698 4,216 2,058 1,943 78 47 42 41 68
Working Capital Days -150 -162 -52 -25 75 84 23 46 54 69 5 2
ROCE % 10% 10% 12% 13% 11% 12% 13% 9% 11% 11% 10% 9%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
43.85% 43.82% 43.80% 43.79% 43.78% 43.77% 43.75% 43.73% 43.72% 41.37% 41.37% 41.14%
13.31% 13.44% 14.24% 14.31% 13.67% 13.40% 13.73% 14.86% 16.17% 18.47% 20.23% 20.21%
24.69% 25.28% 24.55% 24.62% 25.45% 25.41% 25.01% 23.84% 22.86% 24.02% 22.91% 22.87%
18.15% 17.46% 17.39% 17.27% 17.09% 17.44% 17.50% 17.58% 17.26% 16.14% 15.50% 15.77%
No. of Shareholders 63,53164,88664,27062,61160,92063,53568,71276,97786,13086,8031,12,7601,28,008

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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