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 ₹ 20,468 Cr.
- Current Price ₹ 837
- High / Low ₹ 1,332 / 813
- Stock P/E 25.7
- Book Value ₹ 265
- Dividend Yield 0.30 %
- 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 3.16 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.
Peer comparison
Consumer Discretionary Realty Realty Residential, Commercial Projects
Part of BSE 500 Nifty 500 BSE SmallCap BSE Realty Nifty Realty
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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: | 25% |
| 5 Years: | 26% |
| 3 Years: | 22% |
| 1 Year: | -26% |
| 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% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Jan - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended December 31, 2025
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 9 Jan
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
8 Jan - BuzzWorks partners with Born Good to adopt plant-based, USDA-certified cleaning across managed workspaces, announced Jan 8, 2026.
- Closure of Trading Window 24 Dec
-
Issue Of Commercial Papers Of Rs.200 Crores
19 Dec - Issued Rs.200 Crore commercial paper on 18/12/2025, 90-day maturity, 6.83% discount rate, A1+.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Concalls
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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]