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 ₹ 33,459 Cr.
- Current Price ₹ 1,370
- High / Low ₹ 1,453 / 581
- Stock P/E 73.6
- Book Value ₹ 158
- Dividend Yield 0.15 %
- ROCE 12.7 %
- ROE 11.7 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has been maintaining a healthy dividend payout of 22.6%
- Debtor days have improved from 49.2 to 37.2 days.
Cons
- Stock is trading at 8.68 times its book value
- Promoter holding has decreased over last quarter: -2.35%
- Company has a low return on equity of 7.30% 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
Sector: Realty Industry: Construction
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
823 | 947 | 1,311 | 2,038 | 2,024 | 1,897 | 2,973 | 2,632 | 1,950 | 2,999 | 3,445 | 4,897 | 5,320 | |
614 | 648 | 928 | 1,548 | 1,444 | 1,341 | 2,174 | 1,965 | 1,474 | 2,229 | 2,578 | 3,695 | 4,008 | |
Operating Profit | 209 | 298 | 383 | 490 | 580 | 557 | 799 | 667 | 476 | 770 | 866 | 1,202 | 1,312 |
OPM % | 25% | 32% | 29% | 24% | 29% | 29% | 27% | 25% | 24% | 26% | 25% | 25% | 25% |
12 | 20 | 20 | 34 | 29 | 36 | 47 | 27 | -17 | 9 | 161 | 160 | 172 | |
Interest | 90 | 113 | 131 | 199 | 246 | 259 | 278 | 340 | 347 | 444 | 434 | 491 | 535 |
Depreciation | 77 | 82 | 99 | 106 | 123 | 138 | 140 | 192 | 237 | 351 | 315 | 302 | 302 |
Profit before tax | 54 | 124 | 172 | 219 | 240 | 196 | 427 | 161 | -125 | -15 | 278 | 569 | 647 |
Tax % | -12% | 28% | 33% | 37% | 31% | 32% | 34% | 29% | -23% | 331% | 20% | 29% | |
61 | 90 | 116 | 139 | 167 | 133 | 282 | 114 | -96 | -65 | 222 | 401 | 460 | |
EPS in Rs | 3.64 | 5.46 | 5.63 | 7.30 | 8.98 | 6.82 | 11.74 | 6.39 | -2.20 | 3.59 | 12.63 | 19.54 | 21.50 |
Dividend Payout % | 28% | 24% | 24% | 18% | 19% | 20% | 11% | 31% | -55% | 42% | 16% | 10% |
Compounded Sales Growth | |
---|---|
10 Years: | 18% |
5 Years: | 11% |
3 Years: | 36% |
TTM: | 66% |
Compounded Profit Growth | |
---|---|
10 Years: | 17% |
5 Years: | 11% |
3 Years: | 150% |
TTM: | 173% |
Stock Price CAGR | |
---|---|
10 Years: | 31% |
5 Years: | 48% |
3 Years: | 45% |
1 Year: | 131% |
Return on Equity | |
---|---|
10 Years: | 7% |
5 Years: | 6% |
3 Years: | 7% |
Last Year: | 12% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 112 | 112 | 113 | 113 | 114 | 136 | 136 | 204 | 211 | 230 | 231 | 231 |
Reserves | 1,100 | 1,168 | 1,244 | 1,425 | 1,581 | 2,151 | 2,033 | 2,048 | 2,137 | 2,680 | 3,014 | 3,418 |
1,057 | 1,021 | 1,663 | 2,459 | 2,576 | 3,390 | 3,785 | 4,522 | 5,005 | 4,906 | 4,634 | 5,470 | |
688 | 1,040 | 1,278 | 2,000 | 2,079 | 2,133 | 4,845 | 5,477 | 6,461 | 7,285 | 8,486 | 8,740 | |
Total Liabilities | 2,957 | 3,341 | 4,298 | 5,997 | 6,350 | 7,810 | 10,800 | 12,251 | 13,814 | 15,101 | 16,365 | 17,860 |
1,053 | 1,227 | 1,362 | 340 | 1,431 | 1,805 | 2,277 | 2,998 | 5,020 | 4,905 | 4,681 | 4,593 | |
CWIP | 389 | 246 | 486 | 1,411 | 1,564 | 2,129 | 2,010 | 2,097 | 495 | 541 | 740 | 1,232 |
Investments | 7 | 82 | 34 | 994 | 54 | 236 | 98 | 72 | 89 | 509 | 62 | 50 |
1,507 | 1,787 | 2,416 | 3,252 | 3,302 | 3,640 | 6,416 | 7,083 | 8,210 | 9,147 | 10,882 | 11,985 | |
Total Assets | 2,957 | 3,341 | 4,298 | 5,997 | 6,350 | 7,810 | 10,800 | 12,251 | 13,814 | 15,101 | 16,365 | 17,860 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
29 | 490 | 26 | 339 | 398 | 49 | 467 | 465 | 803 | 1,032 | 966 | 334 | |
-84 | -234 | -384 | -948 | -335 | -1,084 | -452 | -717 | -748 | -971 | -271 | -379 | |
54 | -262 | 373 | 631 | -58 | 1,032 | 45 | 321 | 30 | 33 | -695 | 241 | |
Net Cash Flow | -2 | -5 | 16 | 21 | 5 | -4 | 60 | 69 | 84 | 94 | 1 | 195 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 9 | 14 | 4 | 8 | 7 | 34 | 52 | 60 | 99 | 61 | 49 | 37 |
Inventory Days | 1,978 | 3,042 | 3,244 | 3,898 | 2,040 | 3,653 | 9,712 | 8,486 | 2,498 | |||
Days Payable | 185 | 559 | 740 | 942 | 258 | 351 | 949 | 885 | 245 | |||
Cash Conversion Cycle | 1,802 | 14 | 4 | 2,491 | 2,511 | 2,991 | 1,834 | 3,362 | 8,861 | 7,662 | 49 | 2,290 |
Working Capital Days | 340 | -34 | 6 | 38 | 41 | 107 | 74 | 47 | -50 | -2 | -23 | 10 |
ROCE % | 7% | 10% | 11% | 12% | 11% | 9% | 12% | 8% | 4% | 6% | 8% | 13% |
Documents
Announcements
- Closure of Trading Window 27 Sep
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Announcement under Regulation 30 (LODR)-Credit Rating
24 Sep - Reaffirmation of long and short term credit ratings by ICRA.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
11 Sep - Brigade Group launches BuzzWorks in Hyderabad.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
10 Sep - Brigade Foundation inaugurates 108-bed hospital in Bengaluru.
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Announcement Under Regulation 30 Of SEBI (LODR), 2015 - Fake News And Social Media
9 Sep - Company warns against fake investment letters.
Annual reports
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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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Financial Year 2011
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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]