Brigade Enterprises Ltd

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

Brigade Enterprises Ltd

₹ 1,181 2.83%
21 Nov 4:00 p.m.
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 ₹ 28,863 Cr.
  • Current Price ₹ 1,181
  • High / Low ₹ 1,453 / 735
  • Stock P/E 63.1
  • Book Value ₹ 211
  • Dividend Yield 0.17 %
  • ROCE 12.7 %
  • ROE 11.7 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 22.6%
  • Debtor days have improved from 49.2 to 37.2 days.

Cons

  • Stock is trading at 5.60 times its book value
  • Promoter holding has decreased over last quarter: -2.35%
  • Company has a low return on equity of 7.30% over last 3 years.

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
753 921 942 902 879 820 843 654 1,367 1,174 1,702 1,078 1,072
560 664 737 670 663 612 641 479 1,042 912 1,270 785 780
Operating Profit 192 258 205 233 216 208 202 175 325 262 433 293 292
OPM % 26% 28% 22% 26% 25% 25% 24% 27% 24% 22% 25% 27% 27%
8 13 3 32 51 38 47 31 41 34 60 36 66
Interest 113 108 109 106 110 118 100 108 110 135 138 152 123
Depreciation 88 87 91 75 78 78 83 68 76 82 76 68 69
Profit before tax -0 75 8 83 80 50 65 30 180 79 279 108 166
Tax % 12,309% 38% 255% 22% 35% 14% 3% 27% 38% 30% 24% 26% 31%
-14 46 -12 65 52 43 63 22 112 56 211 81 115
EPS in Rs 0.52 3.41 1.41 3.81 3.36 2.47 3.00 1.67 5.78 3.18 8.92 3.62 4.87
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
823 947 1,311 2,038 2,024 1,897 2,973 2,632 1,950 2,999 3,445 4,897 5,026
614 648 928 1,548 1,444 1,341 2,174 1,965 1,474 2,229 2,578 3,695 3,747
Operating Profit 209 298 383 490 580 557 799 667 476 770 866 1,202 1,279
OPM % 25% 32% 29% 24% 29% 29% 27% 25% 24% 26% 25% 25% 25%
12 20 20 34 29 36 47 27 -17 9 161 160 196
Interest 90 113 131 199 246 259 278 340 347 444 434 491 547
Depreciation 77 82 99 106 123 138 140 192 237 351 315 302 295
Profit before tax 54 124 172 219 240 196 427 161 -125 -15 278 569 633
Tax % -12% 28% 33% 37% 31% 32% 34% 29% -23% 331% 20% 29%
61 90 116 139 167 133 282 114 -96 -65 222 401 462
EPS in Rs 3.64 5.46 5.63 7.30 8.98 6.82 11.74 6.39 -2.20 3.59 12.63 19.54 20.59
Dividend Payout % 28% 24% 24% 18% 19% 20% 11% 31% -55% 42% 16% 10%
Compounded Sales Growth
10 Years: 18%
5 Years: 11%
3 Years: 36%
TTM: 36%
Compounded Profit Growth
10 Years: 17%
5 Years: 11%
3 Years: 150%
TTM: 93%
Stock Price CAGR
10 Years: 29%
5 Years: 43%
3 Years: 36%
1 Year: 60%
Return on Equity
10 Years: 7%
5 Years: 6%
3 Years: 7%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 1,100 1,168 1,244 1,425 1,581 2,151 2,033 2,048 2,137 2,680 3,014 3,418 4,908
1,057 1,021 1,663 2,459 2,576 3,390 3,785 4,522 5,005 4,906 4,634 5,470 5,385
688 1,040 1,278 2,000 2,079 2,133 4,845 5,477 6,461 7,285 8,486 8,740 10,103
Total Liabilities 2,957 3,341 4,298 5,997 6,350 7,810 10,800 12,251 13,814 15,101 16,365 17,860 20,640
1,053 1,227 1,362 340 1,431 1,805 2,277 2,998 5,020 4,905 4,681 4,593 4,540
CWIP 389 246 486 1,411 1,564 2,129 2,010 2,097 495 541 740 1,232 1,949
Investments 7 82 34 994 54 236 98 72 89 509 62 50 4
1,507 1,787 2,416 3,252 3,302 3,640 6,416 7,083 8,210 9,147 10,882 11,985 14,147
Total Assets 2,957 3,341 4,298 5,997 6,350 7,810 10,800 12,251 13,814 15,101 16,365 17,860 20,640

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
29 490 26 339 398 49 467 465 803 1,032 966 334
-84 -234 -384 -948 -335 -1,084 -452 -717 -748 -971 -271 -379
54 -262 373 631 -58 1,032 45 321 30 33 -695 241
Net Cash Flow -2 -5 16 21 5 -4 60 69 84 94 1 195

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 9 14 4 8 7 34 52 60 99 61 49 37
Inventory Days 1,978 3,042 3,244 3,898 2,040 3,653 9,712 8,486 2,498
Days Payable 185 559 740 942 258 351 949 885 245
Cash Conversion Cycle 1,802 14 4 2,491 2,511 2,991 1,834 3,362 8,861 7,662 49 2,290
Working Capital Days 340 -34 6 38 41 107 74 47 -50 -2 -23 10
ROCE % 7% 10% 11% 12% 11% 9% 12% 8% 4% 6% 8% 13%

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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