Brigade Enterprises Ltd
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]
- Market Cap ₹ 18,921 Cr.
- Current Price ₹ 580
- High / Low ₹ 802 / 451
- Stock P/E 54.0
- Book Value ₹ 195
- Dividend Yield 0.35 %
- ROCE 5.82 %
- ROE 4.51 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 2.97 times its book value
- The company has delivered a poor sales growth of 11.5% over past five years.
- Company has a low return on equity of 6.80% over last 3 years.
- Earnings include an other income of Rs.267 Cr.
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 988 | 1,563 | 1,484 | 1,249 | 1,798 | 1,837 | 1,524 | 2,161 | 2,209 | 2,025 | 2,117 | 2,624 | 2,802 | |
| 693 | 1,192 | 1,081 | 848 | 1,316 | 1,347 | 1,118 | 1,640 | 1,740 | 1,572 | 1,682 | 2,303 | 2,393 | |
| Operating Profit | 295 | 371 | 402 | 401 | 482 | 491 | 406 | 520 | 469 | 453 | 435 | 321 | 409 |
| OPM % | 30% | 24% | 27% | 32% | 27% | 27% | 27% | 24% | 21% | 22% | 21% | 12% | 15% |
| 20 | 90 | 86 | 103 | 123 | 130 | 56 | 140 | 247 | 199 | 267 | 259 | 267 | |
| Interest | 115 | 150 | 180 | 183 | 178 | 200 | 198 | 143 | 134 | 144 | 130 | 121 | 138 |
| Depreciation | 92 | 98 | 76 | 69 | 68 | 76 | 87 | 84 | 80 | 78 | 80 | 90 | 94 |
| Profit before tax | 109 | 212 | 233 | 252 | 359 | 344 | 178 | 433 | 502 | 429 | 492 | 368 | 444 |
| Tax % | 36% | 31% | 30% | 28% | 35% | 24% | 19% | 29% | 23% | 26% | 8% | 25% | |
| 70 | 147 | 164 | 181 | 234 | 261 | 145 | 309 | 385 | 318 | 455 | 277 | 342 | |
| EPS in Rs | 3.10 | 6.51 | 7.21 | 6.63 | 8.60 | 9.57 | 5.14 | 10.06 | 12.52 | 10.33 | 13.97 | 8.51 | 10.47 |
| Dividend Payout % | 32% | 15% | 17% | 15% | 12% | 8% | 18% | 11% | 12% | 15% | 13% | 18% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 11% |
| 3 Years: | 6% |
| TTM: | 39% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 8% |
| 3 Years: | -7% |
| TTM: | -21% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 21% |
| 5 Years: | 11% |
| 3 Years: | 7% |
| 1 Year: | -17% |
| Return on Equity | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 8% |
| 3 Years: | 7% |
| Last Year: | 5% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 113 | 113 | 114 | 136 | 136 | 204 | 211 | 230 | 231 | 231 | 244 | 245 |
| Reserves | 1,204 | 1,414 | 1,581 | 2,192 | 2,171 | 2,339 | 2,566 | 3,334 | 3,698 | 3,989 | 5,871 | 6,099 |
| 1,241 | 1,716 | 1,648 | 1,959 | 1,907 | 2,035 | 1,876 | 1,631 | 1,425 | 1,746 | 1,588 | 3,064 | |
| 1,005 | 1,587 | 1,379 | 1,469 | 3,246 | 3,087 | 3,456 | 3,599 | 3,788 | 4,582 | 6,188 | 8,062 | |
| Total Liabilities | 3,563 | 4,829 | 4,721 | 5,756 | 7,460 | 7,666 | 8,109 | 8,795 | 9,142 | 10,548 | 13,891 | 17,470 |
| 1,087 | 224 | 975 | 1,015 | 1,280 | 1,405 | 1,385 | 1,410 | 1,365 | 1,340 | 2,798 | 3,460 | |
| CWIP | 377 | 435 | 250 | 432 | 179 | 75 | 4 | 3 | 16 | 670 | 0 | 6 |
| Investments | 192 | 1,631 | 827 | 1,353 | 1,498 | 1,793 | 2,051 | 2,595 | 2,347 | 2,544 | 2,421 | 2,511 |
| 1,906 | 2,540 | 2,669 | 2,957 | 4,503 | 4,393 | 4,669 | 4,786 | 5,413 | 5,994 | 8,671 | 11,492 | |
| Total Assets | 3,563 | 4,829 | 4,721 | 5,756 | 7,460 | 7,666 | 8,109 | 8,795 | 9,142 | 10,548 | 13,891 | 17,470 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -16 | 213 | 414 | 69 | 230 | 292 | 419 | 534 | 283 | -25 | 332 | -713 | |
| -240 | -473 | -342 | -638 | 103 | -194 | -151 | -583 | 72 | -120 | -413 | -545 | |
| 251 | 273 | -92 | 557 | -261 | -58 | -282 | 123 | -360 | 151 | 1,096 | 943 | |
| Net Cash Flow | -5 | 13 | -19 | -12 | 72 | 40 | -14 | 74 | -5 | 6 | 1,015 | -316 |
| Free Cash Flow | -192 | 213 | 258 | -67 | 155 | 234 | 399 | 519 | 244 | -83 | -47 | -1,193 |
| CFO/OP | 5% | 67% | 113% | 28% | 63% | 71% | 116% | 118% | 81% | 20% | 119% | -156% |
Ratios
Standalone / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 6 | 11 | 14 | 43 | 73 | 56 | 78 | 47 | 42 | 41 | 68 | 54 |
| Inventory Days | 1,946 | 2,203 | 5,741 | 2,269 | 2,098 | |||||||
| Days Payable | 397 | 518 | 1,569 | 284 | 212 | |||||||
| Cash Conversion Cycle | 6 | 1,560 | 1,698 | 4,216 | 2,058 | 1,943 | 78 | 47 | 42 | 41 | 68 | 54 |
| Working Capital Days | -165 | -52 | -47 | 6 | 73 | 20 | 30 | 14 | 48 | 46 | -12 | 59 |
| ROCE % | 10% | 12% | 13% | 11% | 12% | 13% | 9% | 11% | 11% | 10% | 9% | 6% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Residential Pre-sales Volume msf |
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| Residential Average Realization INR/sft |
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| New Residential Launches msf |
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| Hospitality Portfolio ARR INR |
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| Leasing Portfolio Occupancy % |
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| Leasing Portfolio Total Leasable Area msf |
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| Hospitality Portfolio Occupancy % |
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| Land Bank - Developable Project Area msf |
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Extracted by Screener AI
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
- Certificate under Reg 74(5)of SEBI (DP) Regulations, 2018 for the quarter ended September 30, 2026
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Brigade Group announces 19th Brigade Showcase on October 10-11, 2026, with special offers and new project launches.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Brigade Group releases presentation marking 40 years, highlighting milestones, portfolio scale, leadership, and future growth.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Brigade unveils three-year ₹40K crore roadmap, 40 million sq. ft. pipeline, new WTCs, and expansion plans.
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Announcement Under Regulation 30 - Updates
- Issued Rs.200 crore commercial paper on 29 Sep 2026, maturing 24 Sep 2027 at 7.48% discount.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Concalls
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Aug 2026Transcript PPT REC
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Nov 2023Transcript PPT REC
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Aug 2023Transcript PPT REC
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May 2023Transcript PPT REC
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Feb 2023Transcript PPT REC
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Feb 2023PPT
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Nov 2022Transcript PPT REC
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Aug 2022Transcript REC
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May 2022Transcript REC
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Feb 2022Transcript PPT REC
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Nov 2021Transcript PPT
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Sep 2021Transcript
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Aug 2021Transcript PPT
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May 2021Transcript
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Mar 2021Transcript
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Feb 2021Transcript PPT
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Nov 2020Transcript PPT
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Nov 2019Transcript PPT
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Sep 2019PPT
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Dec 2018Transcript
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Nov 2018PPT
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Nov 2015Transcript PPT
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Aug 2015PPT
Market Position:[1][2]
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 300+ buildings, totaling 100+ Mn Sq ft.