Brigade Enterprises Ltd

Brigade Enterprises Ltd

₹ 809 2.17%
06 May - close price
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:[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.

  • Market Cap 19,785 Cr.
  • Current Price 809
  • High / Low 1,332 / 601
  • Stock P/E 70.4
  • Book Value 259
  • Dividend Yield 0.31 %
  • ROCE 5.83 %
  • ROE 4.51 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 3.12 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.259 Cr.
  • Working capital days have increased from 32.4 days to 65.6 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
485 316 438 414 857 534 422 543 619 436 661 712 816
395 257 348 326 641 423 349 436 474 389 630 606 679
Operating Profit 91 59 90 87 216 111 72 107 145 47 31 106 137
OPM % 19% 19% 21% 21% 25% 21% 17% 20% 23% 11% 5% 15% 17%
95 43 58 37 61 44 94 64 65 60 82 52 64
Interest 34 32 32 38 41 48 34 28 20 21 25 26 50
Depreciation 21 18 19 22 20 19 20 21 20 19 21 23 26
Profit before tax 130 53 97 64 216 88 113 122 169 68 67 109 125
Tax % 16% 27% 26% 26% 26% 25% 20% 25% -23% 19% 25% 24% 28%
109 39 72 47 160 66 91 91 208 55 50 83 89
EPS in Rs 4.74 1.67 3.12 2.04 6.94 2.84 3.71 3.73 8.51 2.25 2.05 3.39 3.66
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Upcoming result date: today

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
988 1,563 1,484 1,249 1,798 1,837 1,524 2,161 2,209 2,025 2,117 2,624
693 1,192 1,081 848 1,316 1,347 1,118 1,640 1,740 1,572 1,682 2,303
Operating Profit 295 371 402 401 482 491 406 520 469 453 435 321
OPM % 30% 24% 27% 32% 27% 27% 27% 24% 21% 22% 21% 12%
20 90 86 103 123 130 56 140 247 199 267 259
Interest 115 150 180 183 178 200 198 143 134 144 130 121
Depreciation 92 98 76 69 68 76 87 84 80 78 80 90
Profit before tax 109 212 233 252 359 344 178 433 502 429 492 368
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
EPS in Rs 4.14 8.68 9.62 8.84 11.46 12.76 6.85 13.41 16.69 13.77 18.63 11.34
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: 24%
Compounded Profit Growth
10 Years: 7%
5 Years: 8%
3 Years: -7%
TTM: -38%
Stock Price CAGR
10 Years: 23%
5 Years: 26%
3 Years: 15%
1 Year: -19%
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 1,345 3,466
CWIP 377 435 250 432 179 75 4 3 16 670 1,453 0
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 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
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 -15 66
ROCE % 10% 12% 13% 11% 12% 13% 9% 11% 11% 10% 9% 6%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Residential Sales Volume
mn sq ft

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Hospitality Occupancy
%
Average Residential Realization
INR/sq ft
Hospitality Average Room Rate (ARR)
INR
Leasable Area (Operational Portfolio)
mn sq ft
Land Bank
acres

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
43.78% 43.77% 43.75% 43.73% 43.72% 41.37% 41.37% 41.14% 41.13% 41.13% 41.12% 41.11%
13.67% 13.40% 13.73% 14.86% 16.17% 18.47% 20.23% 20.21% 19.33% 18.67% 18.14% 16.75%
25.45% 25.41% 25.01% 23.84% 22.86% 24.02% 22.91% 22.87% 23.44% 23.28% 23.55% 24.74%
17.09% 17.44% 17.50% 17.58% 17.26% 16.14% 15.50% 15.77% 16.09% 16.95% 17.19% 17.40%
No. of Shareholders 60,92063,53568,71276,97786,13086,8031,12,7601,28,0081,32,6901,74,5851,59,1561,59,254

* 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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