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 ₹ 19,785 Cr.
- Current Price ₹ 809
- High / Low ₹ 1,332 / 601
- Stock P/E 30.4
- Book Value ₹ 279
- Dividend Yield 0.31 %
- ROCE 10.5 %
- ROE 10.4 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 88.9% CAGR over last 5 years
Cons
- Stock is trading at 2.90 times its book value
- Company has a low return on equity of 12.6% over last 3 years.
- Company might be capitalizing the interest cost
* 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 Realty Nifty Realty Nifty Smallcap 100
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,311 | 2,038 | 2,024 | 1,897 | 2,973 | 2,632 | 1,950 | 2,999 | 3,445 | 4,897 | 5,074 | 5,697 | |
| 928 | 1,548 | 1,444 | 1,341 | 2,174 | 1,965 | 1,474 | 2,229 | 2,578 | 3,695 | 3,654 | 4,270 | |
| Operating Profit | 383 | 490 | 580 | 557 | 799 | 667 | 476 | 770 | 866 | 1,202 | 1,421 | 1,427 |
| OPM % | 29% | 24% | 29% | 29% | 27% | 25% | 24% | 26% | 25% | 25% | 28% | 25% |
| 20 | 34 | 29 | 36 | 47 | 27 | -17 | 9 | 161 | 160 | 233 | 198 | |
| Interest | 131 | 199 | 246 | 259 | 278 | 340 | 347 | 444 | 434 | 491 | 495 | 409 |
| Depreciation | 99 | 106 | 123 | 138 | 140 | 192 | 237 | 351 | 315 | 302 | 289 | 312 |
| Profit before tax | 172 | 219 | 240 | 196 | 427 | 161 | -125 | -15 | 278 | 569 | 869 | 904 |
| Tax % | 33% | 37% | 31% | 32% | 34% | 29% | -23% | 331% | 20% | 29% | 22% | 20% |
| 116 | 139 | 167 | 133 | 282 | 114 | -96 | -65 | 222 | 401 | 680 | 725 | |
| EPS in Rs | 5.63 | 7.30 | 8.98 | 6.82 | 11.74 | 6.39 | -2.20 | 3.59 | 12.63 | 19.54 | 28.06 | 26.35 |
| Dividend Payout % | 24% | 18% | 19% | 20% | 11% | 31% | -55% | 42% | 16% | 10% | 9% | 8% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 24% |
| 3 Years: | 18% |
| TTM: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 18% |
| 5 Years: | 89% |
| 3 Years: | 35% |
| TTM: | -5% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | 26% |
| 3 Years: | 15% |
| 1 Year: | -19% |
| Return on Equity | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 11% |
| 3 Years: | 13% |
| Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 1,244 | 1,425 | 1,581 | 2,151 | 2,033 | 2,077 | 2,137 | 2,680 | 3,014 | 3,285 | 5,394 | 6,576 |
| 1,663 | 2,459 | 2,576 | 3,390 | 3,785 | 4,522 | 5,005 | 4,906 | 4,634 | 5,470 | 5,464 | 6,344 | |
| 1,278 | 2,000 | 2,079 | 2,133 | 4,845 | 5,448 | 6,461 | 7,285 | 8,486 | 8,874 | 10,973 | 13,089 | |
| Total Liabilities | 4,298 | 5,997 | 6,350 | 7,810 | 10,800 | 12,251 | 13,814 | 15,101 | 16,365 | 17,860 | 22,076 | 26,253 |
| 1,362 | 340 | 1,431 | 1,805 | 2,277 | 2,998 | 5,020 | 4,905 | 4,681 | 5,747 | 6,899 | 8,545 | |
| CWIP | 486 | 1,411 | 1,564 | 2,129 | 2,010 | 2,097 | 495 | 541 | 740 | 78 | 138 | 216 |
| Investments | 34 | 994 | 54 | 236 | 98 | 72 | 89 | 509 | 62 | 50 | 43 | 60 |
| 2,416 | 3,252 | 3,302 | 3,640 | 6,416 | 7,083 | 8,210 | 9,147 | 10,882 | 11,985 | 14,995 | 17,433 | |
| Total Assets | 4,298 | 5,997 | 6,350 | 7,810 | 10,800 | 12,251 | 13,814 | 15,101 | 16,365 | 17,860 | 22,076 | 26,253 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 26 | 339 | 398 | 49 | 467 | 465 | 803 | 1,032 | 966 | 334 | 995 | -137 | |
| -384 | -948 | -335 | -1,084 | -452 | -717 | -748 | -971 | -271 | -379 | -590 | -1,436 | |
| 373 | 631 | -58 | 1,032 | 45 | 321 | 30 | 33 | -695 | 241 | 860 | 1,202 | |
| Net Cash Flow | 16 | 21 | 5 | -4 | 60 | 69 | 84 | 94 | 1 | 195 | 1,265 | -372 |
| Free Cash Flow | -193 | -570 | 29 | -865 | -133 | -268 | 336 | 824 | 701 | 66 | 358 | -1,871 |
| CFO/OP | 20% | 69% | 82% | 26% | 72% | 79% | 180% | 148% | 130% | 48% | 93% | 26% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 4 | 8 | 7 | 34 | 52 | 60 | 99 | 61 | 49 | 37 | 45 | 38 |
| Inventory Days | 3,042 | 3,244 | 3,898 | 2,040 | 3,653 | 9,712 | 8,486 | 2,094 | 4,134 | 4,667 | ||
| Days Payable | 559 | 740 | 942 | 258 | 351 | 949 | 885 | 206 | 366 | 361 | ||
| Cash Conversion Cycle | 4 | 2,491 | 2,511 | 2,991 | 1,834 | 3,362 | 8,861 | 7,662 | 49 | 1,926 | 3,813 | 4,345 |
| Working Capital Days | -11 | 7 | -0 | 59 | 66 | 41 | -64 | -57 | -61 | 8 | -66 | 29 |
| ROCE % | 11% | 12% | 11% | 9% | 12% | 8% | 4% | 6% | 8% | 13% | 13% | 11% |
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 % |
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| Average Residential Realization INR/sq ft |
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| Hospitality Average Room Rate (ARR) INR |
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| Leasable Area (Operational Portfolio) mn sq ft |
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| Land Bank acres |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association
3h - Board approved FY26 audited results, Rs2 dividend, 1:3 bonus issue, and authorised capital increase to Rs400 crore.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
3h - Brigade Enterprises filed FY2026 secretarial compliance report; no non-compliances observed.
- Announcement under Regulation 30 (LODR)-Investor Presentation 3h
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
3h - Brigade FY26 revenue rose 11% to ₹5,909 crore; EBITDA ₹1,638 crore; board recommended 1:3 bonus and ₹2 dividend.
- Corporate Action-Board approves Dividend 3h
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:[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.