Godrej Properties Ltd

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

Godrej Properties Ltd

₹ 1,900 3.52%
04 May - close price
godrejproperties.com BSE: 533150 NSE: GODREJPROP
About

Godrej Properties Limited (GPL) is the real estate development arm of the Godrej Group, which was started in 1897 and is today one of India’s most successful conglomerates. Godrej Properties brings the Godrej Group philosophy of innovation, sustainability, and excellence to the real estate industry. [1]

Key Points

Overview[1]
Established in 1990, Godrej Properties is India’s largest developer by number of homes sold in FY23. Company has delivered ~41 million sq. ft. of real estate since FY18. It has ~215 million sq. ft. of saleable area across India and works on an asset-light business model. The company has bagged ~400 awards in the last 5 years.

Website BSE NSE
  • Market Cap ₹ 57,236 Cr.
  • Current Price ₹ 1,900
  • High / Low ₹ 2,506 / 1,434
  • Stock P/E 159
  • Book Value ₹ 591
  • Dividend Yield 0.00 %
  • ROCE 3.36 %
  • ROE 2.04 %
  • Face Value ₹ 5.00
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Pros

  • Debtor days have improved from 41.0 to 25.9 days.
  • Promoter holding has increased by 4.49% over last quarter.

Cons

  • Stock is trading at 3.22 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 4.05% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.1,973 Cr.
  • Promoter holding has decreased over last 3 years: -6.82%

* 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 BSE 200 BSE Dollex 200 Nifty 500 Nifty Midcap 100

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
610 310 225 136 660 189 663 185 912 106 92 268 928
476 349 258 190 610 386 703 366 835 369 500 443 955
Operating Profit 134 -39 -33 -54 49 -197 -40 -181 77 -263 -408 -175 -27
OPM % 22% -12% -15% -40% 7% -104% -6% -98% 8% -248% -442% -65% -3%
234 258 275 316 346 987 375 400 445 471 570 426 506
Interest 57 55 85 118 121 112 148 155 150 117 120 140 165
Depreciation 5 5 5 6 7 8 9 8 11 13 16 19 22
Profit before tax 306 158 151 138 267 669 178 56 361 79 25 92 292
Tax % 13% 23% 19% 25% 19% 27% -16% 38% 23% 29% 48% 35% 25%
267 121 123 103 217 491 206 35 279 56 13 60 219
EPS in Rs 9.59 4.36 4.42 3.72 7.80 17.67 7.42 1.16 9.25 1.86 0.43 2.00 7.28
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Upcoming result date: today

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
517 374 999 556 1,434 2,085 570 1,473 1,155 1,331 1,950 1,395
409 399 785 682 1,344 1,700 908 1,378 1,017 1,407 2,290 2,267
Operating Profit 108 -25 214 -125 90 385 -337 95 138 -76 -340 -872
OPM % 21% -7% 21% -22% 6% 18% -59% 6% 12% -6% -17% -63%
202 222 222 494 460 520 657 858 945 1,195 2,208 1,973
Interest 158 152 157 192 252 266 221 222 233 380 565 542
Depreciation 9 14 13 15 13 17 16 18 19 24 37 70
Profit before tax 144 32 266 162 285 622 83 714 831 714 1,265 489
Tax % 11% 28% 26% 35% 27% 38% 152% 26% 21% 21% 20% 29%
128 23 197 105 209 384 -43 526 656 564 1,011 349
EPS in Rs 6.42 1.05 9.08 4.85 9.13 15.24 -1.55 18.92 23.58 20.30 33.57 11.58
Dividend Payout % 31% 209% 0% 0% 0% 0% 0% 0% 0% 0% 0% 86%
Compounded Sales Growth
10 Years: 14%
5 Years: 20%
3 Years: 7%
TTM: -28%
Compounded Profit Growth
10 Years: 63%
5 Years: 73%
3 Years: -13%
TTM: -57%
Stock Price CAGR
10 Years: 20%
5 Years: 9%
3 Years: 13%
1 Year: -16%
Return on Equity
10 Years: 4%
5 Years: 5%
3 Years: 4%
Last Year: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 100 108 108 108 115 126 139 139 139 139 151 151
Reserves 1,819 1,677 1,882 1,340 2,542 4,980 8,616 9,145 9,806 10,373 17,294 17,643
2,088 2,775 3,506 3,703 3,516 3,708 4,578 5,185 6,410 10,100 12,043 15,211
573 787 612 2,067 1,604 1,090 1,628 1,632 3,585 7,298 14,457 23,424
Total Liabilities 4,579 5,348 6,108 7,218 7,777 9,904 14,962 16,102 19,940 27,911 43,944 56,428
39 109 104 116 101 117 163 176 209 258 535 894
CWIP 83 1 0 0 4 14 9 22 99 233 94 105
Investments 558 718 767 1,341 2,466 3,392 5,280 5,118 3,087 4,385 6,910 6,373
3,900 4,520 5,237 5,760 5,207 6,381 9,510 10,786 16,545 23,034 36,404 49,057
Total Assets 4,579 5,348 6,108 7,218 7,777 9,904 14,962 16,102 19,940 27,911 43,944 56,428

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
-428 -418 -656 504 127 67 -593 22 -1,894 180 -1,758 -1,689
-87 199 22 -363 -646 -2,056 -3,467 -439 1,305 -2,449 -5,172 -92
219 332 415 -451 971 1,978 4,387 296 842 2,825 6,809 1,142
Net Cash Flow -296 112 -219 -310 452 -11 327 -121 253 555 -121 -639
Free Cash Flow -448 -435 -663 498 78 31 -628 -29 -1,966 72 -1,921 -1,992
CFO/OP -365% 1,536% -282% -452% 169% 23% 180% 214% -1,267% -480% 469% 165%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 64 73 54 69 26 67 129 36 50 44 53 26
Inventory Days 1,152 1,029 7,841 12,398
Days Payable 104 355 1,302 974
Cash Conversion Cycle 64 73 54 69 1,074 740 129 6,575 50 44 53 11,450
Working Capital Days 501 620 276 -286 -67 126 1,406 632 1,132 1,404 1,671 2,639
ROCE % 7% 4% 8% 3% 8% 11% 2% 6% 6% 5% 6% 3%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Area Sold
million sq. ft.

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Booking Value
INR Crores
Saleable Area Delivered
million sq. ft.
Customer Collections
INR Crores
Market Share (Residential)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
58.48% 58.48% 58.48% 58.48% 58.47% 58.47% 46.50% 46.67% 46.70% 47.05% 47.17% 51.66%
28.85% 29.25% 29.73% 29.67% 29.91% 28.33% 30.85% 30.54% 30.54% 28.31% 28.15% 26.17%
4.29% 4.61% 4.69% 5.56% 5.62% 7.12% 9.41% 9.33% 9.07% 10.42% 10.78% 8.19%
8.37% 7.66% 7.10% 6.31% 5.98% 6.08% 13.27% 13.46% 13.70% 14.22% 13.92% 13.98%
No. of Shareholders 1,65,6661,52,7691,41,0351,32,1521,33,4021,38,2741,49,2181,63,4701,72,9141,88,9891,81,2771,89,691

* 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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