Godrej Properties Ltd

Godrej Properties Ltd

₹ 1,900 3.52%
04 May - close price
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.

  • Market Cap 57,236 Cr.
  • Current Price 1,900
  • High / Low 2,506 / 1,434
  • Stock P/E 30.7
  • Book Value 636
  • Dividend Yield 0.00 %
  • ROCE 8.28 %
  • ROE 10.2 %
  • Face Value 5.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 59.8% CAGR over last 5 years
  • Promoter holding has increased by 4.49% over last quarter.

Cons

  • Stock is trading at 2.99 times its book value
  • Company has a low return on equity of 9.03% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.3,256 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
1,646 936 343 330 1,426 739 1,093 969 2,122 435 740 498 3,458
1,300 1,085 438 397 1,303 926 1,064 960 2,047 705 1,336 695 2,936
Operating Profit 346 -149 -95 -66 123 -187 29 9 75 -270 -596 -197 522
OPM % 21% -16% -28% -20% 9% -25% 3% 1% 4% -62% -80% -40% 15%
284 379 262 218 526 960 253 271 559 1,186 1,210 514 434
Interest 54 30 48 43 31 41 45 42 46 33 22 31 52
Depreciation 7 7 7 14 16 17 18 18 21 22 26 32 36
Profit before tax 570 193 111 95 601 716 219 220 567 861 566 255 869
Tax % 20% 31% 35% 34% 20% 28% -52% 28% 33% 30% 29% 24% 26%
454 134 73 63 478 519 334 158 378 598 403 194 645
EPS in Rs 14.82 4.49 2.40 2.24 16.95 18.70 12.06 5.40 12.68 19.92 13.45 6.48 21.58
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Upcoming result date: today

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
1,843 2,123 1,583 1,604 2,817 2,441 765 1,825 2,252 3,036 4,923 5,131
1,586 1,986 1,330 1,819 2,639 2,181 1,214 1,880 2,045 3,165 4,997 5,585
Operating Profit 257 137 253 -216 178 260 -449 -56 207 -130 -74 -453
OPM % 14% 6% 16% -13% 6% 11% -59% -3% 9% -4% -2% -9%
83 146 150 499 419 473 568 761 787 1,326 2,044 3,256
Interest 5 41 104 150 234 220 185 167 174 152 174 137
Depreciation 10 14 14 16 14 21 20 21 24 45 74 116
Profit before tax 326 228 284 117 348 493 -86 516 795 1,000 1,723 2,551
Tax % 28% 30% 27% 26% 27% 44% 121% 32% 22% 25% 19% 28%
236 160 207 87 253 274 -189 351 621 747 1,389 1,841
EPS in Rs 9.58 7.33 9.56 4.01 11.04 10.73 -6.82 12.68 20.55 26.08 46.48 61.43
Dividend Payout % 21% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 16%
Compounded Sales Growth
10 Years: 9%
5 Years: 46%
3 Years: 32%
TTM: 4%
Compounded Profit Growth
10 Years: 28%
5 Years: 60%
3 Years: 57%
TTM: 52%
Stock Price CAGR
10 Years: 20%
5 Years: 9%
3 Years: 13%
1 Year: -16%
Return on Equity
10 Years: 7%
5 Years: 8%
3 Years: 9%
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 100 108 108 108 115 126 139 139 139 139 151 151
Reserves 1,747 1,657 1,896 1,102 2,354 4,678 8,181 8,536 9,125 9,853 17,162 19,005
3,486 3,123 3,980 3,703 3,516 3,715 4,542 5,196 6,431 10,679 12,641 15,894
2,030 1,691 1,197 3,358 2,107 1,586 3,385 3,932 7,410 15,063 25,496 46,845
Total Liabilities 7,363 6,578 7,181 8,271 8,092 10,106 16,247 17,804 23,105 35,735 55,450 81,894
117 107 102 113 97 113 174 183 218 997 1,271 1,711
CWIP 73 1 0 71 100 163 229 340 653 250 116 169
Investments 0 664 760 1,454 2,637 3,571 5,243 4,883 2,534 3,150 5,951 5,511
7,173 5,807 6,319 6,633 5,259 6,259 10,600 12,397 19,700 31,337 48,112 74,503
Total Assets 7,363 6,578 7,181 8,271 8,092 10,106 16,247 17,804 23,105 35,735 55,450 81,894

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
-941 490 -566 1,155 478 -232 -671 -452 -2,861 -693 -2,242 -2,003
-96 191 14 -973 -971 -1,721 -3,317 127 2,564 -1,974 -4,273 622
852 -554 335 -493 970 1,974 4,259 235 832 3,258 6,710 938
Net Cash Flow -184 126 -217 -311 476 22 271 -90 536 591 194 -444
Free Cash Flow -951 466 -575 1,005 404 -295 -797 -592 -3,161 -1,386 -2,450 -2,382
CFO/OP -320% 435% -161% -568% 290% -79% 153% 469% -1,301% 330% 2,689% 359%

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 34 30 53 36 21 65 114 38 58 37 32 39
Inventory Days 5,457 495 7,155
Days Payable 457 56 730
Cash Conversion Cycle 34 30 53 5,035 461 65 114 38 58 37 32 6,464
Working Capital Days 309 185 262 -251 -128 -32 912 476 533 602 612 752
ROCE % 5% 5% 7% 1% 10% 9% 1% 5% 6% 6% 7% 8%

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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