Brigade Enterprises Ltd

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

Brigade Enterprises Ltd

₹ 1,020 -1.98%
26 Apr 4:02 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

Business Segments FY22 [1]

Website BSE NSE
  • Market Cap ₹ 23,638 Cr.
  • Current Price ₹ 1,020
  • High / Low ₹ 1,108 / 493
  • Stock P/E 94.7
  • Book Value ₹ 146
  • Dividend Yield 0.20 %
  • ROCE 8.41 %
  • ROE 6.34 %
  • Face Value ₹ 10.0
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Pros

  • Debtor days have improved from 69.6 to 48.9 days.

Cons

  • Stock is trading at 6.97 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 2.94% over last 3 years.
  • Promoter holding has decreased over last 3 years: -4.31%

* 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
645 791 383 753 921 942 902 879 820 843 654 1,367 1,174
496 602 272 560 664 737 670 663 612 641 479 1,042 912
Operating Profit 148 189 111 192 258 205 233 216 208 202 175 325 262
OPM % 23% 24% 29% 26% 28% 22% 26% 25% 25% 24% 27% 24% 22%
-30 -6 -11 8 13 3 32 51 38 47 31 41 34
Interest 86 90 113 113 108 109 106 110 118 100 108 110 135
Depreciation 59 66 85 88 87 91 75 78 78 83 68 76 82
Profit before tax -27 27 -98 -0 75 8 83 80 50 65 30 180 79
Tax % 20% 26% 12% -12,309% 38% 255% 22% 35% 14% 3% 27% 38% 30%
-21 20 -86 -14 46 -12 65 52 43 63 22 112 56
EPS in Rs -0.77 1.88 -1.75 0.52 3.41 1.41 3.81 3.36 2.47 3.00 1.67 5.78 3.18
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
613 823 947 1,311 2,038 2,024 1,897 2,973 2,632 1,950 2,999 3,445 4,037
470 614 648 928 1,548 1,444 1,341 2,174 1,965 1,474 2,229 2,578 3,073
Operating Profit 143 209 298 383 490 580 557 799 667 476 770 866 964
OPM % 23% 25% 32% 29% 24% 29% 29% 27% 25% 24% 26% 25% 24%
38 12 20 20 34 29 36 47 27 -17 9 161 154
Interest 60 90 113 131 199 246 259 278 340 347 444 434 453
Depreciation 53 77 82 99 106 123 138 140 192 237 351 315 309
Profit before tax 67 54 124 172 219 240 196 427 161 -125 -15 278 355
Tax % 15% -12% 28% 33% 37% 31% 32% 34% 29% 23% -331% 20%
57 61 90 116 139 167 133 282 114 -96 -65 222 253
EPS in Rs 3.38 3.64 5.46 5.63 7.30 8.98 6.82 11.74 6.39 -2.20 3.59 12.63 13.63
Dividend Payout % 0% 28% 24% 24% 18% 19% 20% 11% 31% -55% 42% 16%
Compounded Sales Growth
10 Years: 15%
5 Years: 13%
3 Years: 9%
TTM: 14%
Compounded Profit Growth
10 Years: 13%
5 Years: 8%
3 Years: 15%
TTM: 111%
Stock Price CAGR
10 Years: 35%
5 Years: 46%
3 Years: 61%
1 Year: 104%
Return on Equity
10 Years: 6%
5 Years: 5%
3 Years: 3%
Last Year: 6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 112 112 112 113 113 114 136 136 204 211 230 231 231
Reserves 1,054 1,100 1,168 1,244 1,425 1,581 2,151 2,033 2,048 2,137 2,680 3,014 3,151
Preference Capital 0 0 0 0 0 0 0 0 0 0 0 0
851 1,057 1,021 1,663 2,459 2,576 3,390 3,785 4,522 5,005 4,906 4,634 4,875
720 688 1,040 1,278 2,000 2,079 2,133 4,845 5,477 6,461 7,285 8,486 8,703
Total Liabilities 2,738 2,957 3,341 4,298 5,997 6,350 7,810 10,800 12,251 13,814 15,101 16,365 16,960
508 1,053 1,227 1,362 340 1,431 1,805 2,277 2,998 5,020 4,905 4,681 4,609
CWIP 925 389 246 486 1,411 1,564 2,129 2,010 2,097 495 541 740 805
Investments 2 7 82 34 994 54 236 98 72 89 509 62 5
1,303 1,507 1,787 2,416 3,252 3,302 3,640 6,416 7,083 8,210 9,147 10,882 11,541
Total Assets 2,738 2,957 3,341 4,298 5,997 6,350 7,810 10,800 12,251 13,814 15,101 16,365 16,960

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
249 29 490 26 339 398 49 467 465 803 1,032 966
-223 -84 -234 -384 -948 -335 -1,084 -452 -717 -748 -971 -271
-23 54 -262 373 631 -58 1,032 45 321 30 33 -695
Net Cash Flow 4 -2 -5 16 21 5 -4 60 69 84 94 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 21 9 14 4 8 7 34 52 60 99 61 49
Inventory Days 1,978 3,042 3,244 3,898 2,040 3,653 9,712 8,486
Days Payable 185 559 740 942 258 351 949 885
Cash Conversion Cycle 21 1,802 14 4 2,491 2,511 2,991 1,834 3,362 8,861 7,662 49
Working Capital Days 325 340 -34 6 38 41 107 74 47 -50 -2 -23
ROCE % 6% 7% 10% 11% 12% 11% 9% 12% 8% 4% 6% 8%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
44.11% 43.96% 43.91% 43.88% 43.85% 43.82% 43.80% 43.79% 43.78% 43.77% 43.75% 43.73%
12.89% 13.08% 13.93% 13.64% 13.31% 13.44% 14.24% 14.31% 13.67% 13.40% 13.73% 14.86%
25.20% 24.97% 23.86% 23.86% 24.69% 25.28% 24.55% 24.62% 25.45% 25.41% 25.01% 23.84%
17.80% 17.99% 18.30% 18.62% 18.15% 17.46% 17.39% 17.27% 17.09% 17.44% 17.50% 17.58%
No. of Shareholders 46,05551,29357,41763,19763,53164,88664,27062,61160,92063,53568,71276,977

* 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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