Brigade Enterprises Ltd

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

Brigade Enterprises Ltd

₹ 1,180 2.63%
21 Nov - close price
brigadegroup.com BSE: 532929 NSE: BRIGADE
About

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]

Key Points

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]

Website BSE NSE
  • Market Cap ₹ 28,826 Cr.
  • Current Price ₹ 1,180
  • High / Low ₹ 1,453 / 735
  • Stock P/E 79.2
  • Book Value ₹ 237
  • Dividend Yield 0.17 %
  • ROCE 10.2 %
  • ROE 7.86 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 4.98 times its book value
  • Promoter holding has decreased over last quarter: -2.35%
  • The company has delivered a poor sales growth of 2.40% over past five years.
  • Company has a low return on equity of 8.81% over last 3 years.
  • Earnings include an other income of Rs.238 Cr.

* 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

Part of BSE 400 MidSmallCap Index BSE 250 SmallCap Index Nifty Smallcap 50 Nifty Smallcap 250 Nifty 500 Multicap 50:25:25

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
565 680 676 624 585 514 485 316 438 413 856 534 422
436 495 536 487 456 407 395 257 348 326 641 423 349
Operating Profit 129 185 141 138 129 107 91 59 90 87 215 111 72
OPM % 23% 27% 21% 22% 22% 21% 19% 19% 21% 21% 25% 21% 17%
40 34 42 67 46 44 95 43 58 38 62 44 94
Interest 36 34 34 32 33 35 34 32 32 38 41 48 34
Depreciation 22 22 20 19 19 20 21 18 19 22 20 19 20
Profit before tax 110 163 129 154 123 95 130 53 97 64 216 88 113
Tax % 25% 26% 35% 26% 26% 27% 16% 27% 26% 26% 26% 25% 20%
82 120 84 114 91 70 109 39 72 47 160 66 91
EPS in Rs 3.57 5.22 3.64 4.97 3.96 3.03 4.74 1.67 3.12 2.04 6.94 2.84 3.71
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
776 899 988 1,563 1,484 1,249 1,798 1,837 1,524 2,161 2,209 2,024 2,225
573 614 693 1,192 1,081 848 1,316 1,347 1,118 1,640 1,740 1,567 1,740
Operating Profit 203 285 295 371 402 401 482 491 406 520 469 458 485
OPM % 26% 32% 30% 24% 27% 32% 27% 27% 27% 24% 21% 23% 22%
12 17 20 90 86 103 123 130 56 140 247 194 238
Interest 83 102 115 150 180 183 178 200 198 143 134 144 161
Depreciation 72 77 92 98 76 69 68 76 87 84 80 78 80
Profit before tax 60 123 109 212 233 252 359 344 178 433 502 429 481
Tax % -7% 27% 36% 31% 30% 28% 35% 24% 19% 29% 23% 26%
64 90 70 147 164 181 234 261 145 309 385 318 364
EPS in Rs 3.82 5.33 4.14 8.68 9.62 8.84 11.46 12.76 6.85 13.41 16.69 13.77 15.53
Dividend Payout % 26% 25% 32% 15% 17% 15% 12% 8% 18% 11% 12% 15%
Compounded Sales Growth
10 Years: 8%
5 Years: 2%
3 Years: 10%
TTM: 27%
Compounded Profit Growth
10 Years: 14%
5 Years: 7%
3 Years: 20%
TTM: 27%
Stock Price CAGR
10 Years: 29%
5 Years: 43%
3 Years: 36%
1 Year: 60%
Return on Equity
10 Years: 9%
5 Years: 9%
3 Years: 9%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 112 112 113 113 114 136 136 204 211 230 231 231 244
Reserves 1,096 1,160 1,204 1,414 1,581 2,192 2,171 2,310 2,566 3,334 3,698 3,989 5,545
995 843 1,241 1,716 1,648 1,959 1,907 2,035 1,876 1,631 1,425 1,746 1,731
550 838 1,005 1,587 1,379 1,469 3,246 3,116 3,456 3,599 3,788 4,582 5,309
Total Liabilities 2,752 2,953 3,563 4,829 4,721 5,756 7,460 7,666 8,109 8,795 9,142 10,548 12,830
993 1,162 1,087 224 975 1,015 1,280 1,405 1,385 1,410 1,365 1,340 1,330
CWIP 356 188 377 435 250 432 179 75 4 3 16 670 1,329
Investments 92 133 192 1,631 827 1,353 1,498 1,793 2,051 2,595 2,347 2,544 2,405
1,311 1,470 1,906 2,540 2,669 2,957 4,503 4,393 4,669 4,786 5,413 5,994 7,766
Total Assets 2,752 2,953 3,563 4,829 4,721 5,756 7,460 7,666 8,109 8,795 9,142 10,548 12,830

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
125 449 -16 213 414 69 230 292 419 534 283 -113
-114 -159 -240 -473 -342 -638 103 -194 -151 -583 72 -103
-15 -288 251 273 -92 557 -261 -58 -282 123 -360 151
Net Cash Flow -4 2 -5 13 -19 -12 72 40 -14 74 -5 -66

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 7 14 6 11 14 43 73 56 78 47 42 41
Inventory Days 1,311 3,942 1,946 2,203 5,741 2,269 2,098
Days Payable 170 1,005 397 518 1,569 284 212
Cash Conversion Cycle 1,148 2,950 6 1,560 1,698 4,216 2,058 1,943 78 47 42 41
Working Capital Days 146 -150 -162 -52 -25 75 84 23 46 54 69 5
ROCE % 7% 10% 10% 12% 13% 11% 12% 13% 9% 11% 11% 10%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
43.91% 43.88% 43.85% 43.82% 43.80% 43.79% 43.78% 43.77% 43.75% 43.73% 43.72% 41.37%
13.93% 13.64% 13.31% 13.44% 14.24% 14.31% 13.67% 13.40% 13.73% 14.86% 16.17% 18.47%
23.86% 23.86% 24.69% 25.28% 24.55% 24.62% 25.45% 25.41% 25.01% 23.84% 22.86% 24.02%
18.30% 18.62% 18.15% 17.46% 17.39% 17.27% 17.09% 17.44% 17.50% 17.58% 17.26% 16.14%
No. of Shareholders 57,41763,19763,53164,88664,27062,61160,92063,53568,71276,97786,13086,803

* 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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Documents

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