Godrej Properties Ltd

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

Godrej Properties Ltd

₹ 2,082 0.13%
05 Dec - 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 ₹ 62,704 Cr.
  • Current Price ₹ 2,082
  • High / Low ₹ 3,035 / 1,870
  • Stock P/E 40.5
  • Book Value ₹ 608
  • Dividend Yield 0.00 %
  • ROCE 6.57 %
  • ROE 8.98 %
  • Face Value ₹ 5.00
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Pros

  • Company has delivered good profit growth of 40.9% CAGR over last 5 years
  • Debtor days have improved from 42.5 to 32.2 days.

Cons

  • Stock is trading at 3.43 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 7.33% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.3,226 Cr.
  • Promoter holding has decreased over last 3 years: -11.4%

* 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 BSE MidCap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
165 196 1,646 936 343 330 1,426 739 1,093 969 2,122 435 740
275 251 1,300 1,085 438 397 1,303 926 1,064 960 2,047 705 1,336
Operating Profit -110 -55 346 -149 -95 -66 123 -187 29 9 75 -270 -596
OPM % -66% -28% 21% -16% -28% -20% 9% -25% 3% 1% 4% -62% -80%
204 208 284 379 262 218 526 960 253 271 559 1,186 1,210
Interest 41 46 54 30 48 43 31 41 45 42 46 33 22
Depreciation 6 6 7 7 7 14 16 17 18 18 21 22 26
Profit before tax 48 101 570 193 111 95 601 716 219 220 567 861 566
Tax % -39% 44% 20% 31% 35% 34% 20% 28% -52% 28% 33% 30% 29%
67 56 454 134 73 63 478 519 334 158 378 598 403
EPS in Rs 1.98 2.11 14.82 4.49 2.40 2.24 16.95 18.70 12.06 5.40 12.68 19.92 13.45
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
1,179 1,843 2,123 1,583 1,604 2,817 2,441 765 1,825 2,252 3,036 4,923 4,266
897 1,586 1,986 1,330 1,819 2,639 2,181 1,214 1,880 2,045 3,165 4,997 5,048
Operating Profit 283 257 137 253 -216 178 260 -449 -56 207 -130 -74 -782
OPM % 24% 14% 6% 16% -13% 6% 11% -59% -3% 9% -4% -2% -18%
75 83 146 150 499 419 473 568 761 787 1,326 2,044 3,226
Interest 4 5 41 104 150 234 220 185 167 174 152 174 143
Depreciation 6 10 14 14 16 14 21 20 21 24 45 74 87
Profit before tax 347 326 228 284 117 348 493 -86 516 795 1,000 1,723 2,214
Tax % 32% 28% 30% 27% 26% 27% 44% 121% 32% 22% 25% 19%
236 236 160 207 87 253 274 -189 351 621 747 1,389 1,538
EPS in Rs 8.00 9.58 7.33 9.56 4.01 11.04 10.73 -6.82 12.68 20.55 26.08 46.48 51.45
Dividend Payout % 25% 21% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 10%
5 Years: 15%
3 Years: 39%
TTM: 19%
Compounded Profit Growth
10 Years: 23%
5 Years: 41%
3 Years: 55%
TTM: 12%
Stock Price CAGR
10 Years: 20%
5 Years: 12%
3 Years: 16%
1 Year: -27%
Return on Equity
10 Years: 6%
5 Years: 5%
3 Years: 7%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 99 100 108 108 108 115 126 139 139 139 139 151 151
Reserves 1,694 1,747 1,657 1,896 1,102 2,354 4,678 8,181 8,536 9,125 9,853 17,162 18,160
2,574 3,486 3,123 3,980 3,703 3,516 3,715 4,542 5,196 6,431 10,679 12,641 16,324
1,779 2,030 1,691 1,197 3,358 2,107 1,586 3,385 3,932 7,410 15,063 25,496 37,529
Total Liabilities 6,147 7,363 6,578 7,181 8,271 8,092 10,106 16,247 17,804 23,105 35,735 55,450 72,165
64 117 107 102 113 97 113 174 183 218 997 1,271 1,509
CWIP 62 73 1 0 71 100 163 229 340 653 250 116 87
Investments 0 0 664 760 1,454 2,637 3,571 5,243 4,883 2,534 3,150 5,951 7,123
6,021 7,173 5,807 6,319 6,633 5,259 6,259 10,600 12,397 19,700 31,337 48,112 63,446
Total Assets 6,147 7,363 6,578 7,181 8,271 8,092 10,106 16,247 17,804 23,105 35,735 55,450 72,165

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-689 -941 490 -566 1,155 478 -232 -671 -452 -2,861 -693 -2,242
-185 -96 191 14 -973 -971 -1,721 -3,317 127 2,564 -1,974 -4,273
1,566 852 -554 335 -493 970 1,974 4,259 235 832 3,258 6,710
Net Cash Flow 692 -184 126 -217 -311 476 22 271 -90 536 591 194

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 50 34 30 53 36 21 65 114 38 58 37 32
Inventory Days 5,457 495
Days Payable 457 56
Cash Conversion Cycle 50 34 30 53 5,035 461 65 114 38 58 37 32
Working Capital Days 356 309 185 262 -251 -128 -32 912 476 533 602 612
ROCE % 8% 5% 5% 7% 1% 10% 9% 1% 5% 6% 6% 7%

Shareholding Pattern

Numbers in percentages

1 Recently
Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
58.48% 58.48% 58.48% 58.48% 58.48% 58.48% 58.47% 58.47% 46.50% 46.67% 46.70% 47.05%
27.41% 27.09% 28.85% 29.25% 29.73% 29.67% 29.91% 28.33% 30.85% 30.54% 30.54% 28.31%
4.56% 4.69% 4.29% 4.61% 4.69% 5.56% 5.62% 7.12% 9.41% 9.33% 9.07% 10.42%
9.56% 9.74% 8.37% 7.66% 7.10% 6.31% 5.98% 6.08% 13.27% 13.46% 13.70% 14.22%
No. of Shareholders 1,97,6641,98,3011,65,6661,52,7691,41,0351,32,1521,33,4021,38,2741,49,2181,63,4701,72,9141,88,989

* 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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