Brigade Enterprises Ltd

Brigade Enterprises Ltd

₹ 945 0.13%
17 Nov - 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
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]

  • Market Cap 23,121 Cr.
  • Current Price 945
  • High / Low 1,340 / 813
  • Stock P/E 29.1
  • Book Value 265
  • Dividend Yield 0.26 %
  • ROCE 13.3 %
  • ROE 14.9 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 36.6% CAGR over last 5 years

Cons

  • Stock is trading at 3.57 times its book value
  • Company has a low return on equity of 12.7% over last 3 years.

* 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
879 820 843 654 1,367 1,174 1,702 1,078 1,072 1,464 1,460 1,281 1,383
663 612 641 479 1,042 912 1,270 785 780 1,050 1,044 958 1,056
Operating Profit 216 208 202 175 325 262 433 293 292 414 416 323 328
OPM % 25% 25% 24% 27% 24% 22% 25% 27% 27% 28% 28% 25% 24%
51 38 47 31 41 34 60 36 66 66 72 52 46
Interest 110 118 100 108 110 135 138 152 123 114 107 106 102
Depreciation 78 78 83 68 76 82 76 68 69 76 76 76 76
Profit before tax 80 50 65 30 180 79 279 108 166 289 306 194 196
Tax % 35% 14% 3% 27% 38% 30% 24% 26% 31% 18% 18% 18% 13%
52 43 63 22 112 56 211 81 115 236 249 158 170
EPS in Rs 3.36 2.47 3.00 1.67 5.78 3.18 8.92 3.62 4.87 9.67 10.10 6.13 6.65
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
947 1,311 2,038 2,024 1,897 2,973 2,632 1,950 2,999 3,445 4,897 5,074 5,589
648 928 1,548 1,444 1,341 2,174 1,965 1,474 2,229 2,578 3,695 3,654 4,108
Operating Profit 298 383 490 580 557 799 667 476 770 866 1,202 1,421 1,481
OPM % 32% 29% 24% 29% 29% 27% 25% 24% 26% 25% 25% 28% 26%
20 20 34 29 36 47 27 -17 9 161 160 233 236
Interest 113 131 199 246 259 278 340 347 444 434 491 495 429
Depreciation 82 99 106 123 138 140 192 237 351 315 302 289 304
Profit before tax 124 172 219 240 196 427 161 -125 -15 278 569 869 984
Tax % 28% 33% 37% 31% 32% 34% 29% -23% 331% 20% 29% 22%
90 116 139 167 133 282 114 -96 -65 222 401 680 813
EPS in Rs 5.46 5.63 7.30 8.98 6.82 11.74 6.39 -2.20 3.59 12.63 19.54 28.06 32.55
Dividend Payout % 24% 24% 18% 19% 20% 11% 31% -55% 42% 16% 10% 9%
Compounded Sales Growth
10 Years: 14%
5 Years: 14%
3 Years: 19%
TTM: 11%
Compounded Profit Growth
10 Years: 22%
5 Years: 37%
3 Years: 47%
TTM: 65%
Stock Price CAGR
10 Years: 24%
5 Years: 34%
3 Years: 26%
1 Year: -14%
Return on Equity
10 Years: 9%
5 Years: 10%
3 Years: 13%
Last Year: 15%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 112 113 113 114 136 136 204 211 230 231 231 244 244
Reserves 1,168 1,244 1,425 1,581 2,151 2,033 2,077 2,137 2,680 3,014 3,285 5,394 6,237
1,021 1,663 2,459 2,576 3,390 3,785 4,522 5,005 4,906 4,634 5,470 5,464 5,375
1,040 1,278 2,000 2,079 2,133 4,845 5,448 6,461 7,285 8,486 8,874 10,973 12,409
Total Liabilities 3,341 4,298 5,997 6,350 7,810 10,800 12,251 13,814 15,101 16,365 17,860 22,076 24,266
1,227 1,362 340 1,431 1,805 2,277 2,998 5,020 4,905 4,681 5,747 6,899 8,097
CWIP 246 486 1,411 1,564 2,129 2,010 2,097 495 541 740 78 138 154
Investments 82 34 994 54 236 98 72 89 509 62 50 43 7
1,787 2,416 3,252 3,302 3,640 6,416 7,083 8,210 9,147 10,882 11,985 14,995 16,008
Total Assets 3,341 4,298 5,997 6,350 7,810 10,800 12,251 13,814 15,101 16,365 17,860 22,076 24,266

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
490 26 339 398 49 467 465 803 1,032 966 334 995
-234 -384 -948 -335 -1,084 -452 -717 -748 -971 -271 -379 -590
-262 373 631 -58 1,032 45 321 30 33 -695 241 860
Net Cash Flow -5 16 21 5 -4 60 69 84 94 1 195 1,265

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 4 8 7 34 52 60 99 61 49 37 45
Inventory Days 3,042 3,244 3,898 2,040 3,653 9,712 8,486 2,094 4,134
Days Payable 559 740 942 258 351 949 885 206 366
Cash Conversion Cycle 14 4 2,491 2,511 2,991 1,834 3,362 8,861 7,662 49 1,926 3,813
Working Capital Days -40 -11 7 -0 59 66 41 -64 -57 -61 8 -66
ROCE % 10% 11% 12% 11% 9% 12% 8% 4% 6% 8% 13% 13%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
43.80% 43.79% 43.78% 43.77% 43.75% 43.73% 43.72% 41.37% 41.37% 41.14% 41.13% 41.13%
14.24% 14.31% 13.67% 13.40% 13.73% 14.86% 16.17% 18.47% 20.23% 20.21% 19.33% 18.67%
24.55% 24.62% 25.45% 25.41% 25.01% 23.84% 22.86% 24.02% 22.91% 22.87% 23.44% 23.28%
17.39% 17.27% 17.09% 17.44% 17.50% 17.58% 17.26% 16.14% 15.50% 15.77% 16.09% 16.95%
No. of Shareholders 64,27062,61160,92063,53568,71276,97786,13086,8031,12,7601,28,0081,32,6901,74,585

* 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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