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Brigade Enterprises Ltd

BRIGADE

Brigade Enterprises Ltd

BRIGADE
Real EstateReal Estate
SmallcapWith a market cap of ₹27,455 cr, stock is ranked 279
High RiskStock is 3.08x as volatile as Nifty
1,104.151.78% (-20.05)
1,104.151.78% (-20.05)

Price Chart

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1D
1W
1M
1Y
5Y
Max
SIP
Real EstateReal Estate
SmallcapWith a market cap of ₹27,455 cr, stock is ranked 279
High RiskStock is 3.08x as volatile as Nifty
Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

Real EstateReal Estate
SmallcapWith a market cap of ₹27,455 cr, stock is ranked 279
High RiskStock is 3.08x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
55.277.720.17%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
61.074.110.73%

Forecast & Ratings

Detailed Forecast 
92%
Analysts have suggested that investors can buy this stock

from 12 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Brigade Enterprises Limited is a property development company. The Company focuses on residential, offices, retail and hospitality projects.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 10.83%, vs industry avg of 3.63%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 4.49% to 5.64%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 13.49%, vs industry avg of 14.25%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue2,071.962,058.381,947.043,029.032,683.162,012.963,068.213,612.325,064.155,492.16
Raw Materialssubtract479.24250.07271.711,539.70922.02917.01693.891,168.591,941.494,008.32
Power & Fuel Costsubtract23.1226.1832.0933.6842.9132.3859.3754.0662.07
Employee Costsubtract125.22143.32154.50187.90216.00150.88206.85268.28317.67
Selling & Administrative Expensessubtract192.00204.87239.58284.86287.75179.36301.58371.67451.07
Operating & Other expensessubtract728.18825.34656.40136.97520.75274.691,027.42723.00930.04
Depreciation/Amortizationsubtract105.92122.55137.66140.00192.04236.93350.54314.58302.09301.90
Interest & Other Itemssubtract199.01246.48259.40278.50340.34346.81443.60434.15491.04534.86
Taxes & Other Itemssubtract95.3386.4956.50187.5130.77-78.78-97.81-13.42117.07150.28
EPS7.319.007.4311.756.39-2.233.7512.6419.5621.50
DPS1.331.671.331.331.001.201.502.002.002.00
Payout ratio0.180.190.180.110.16—0.400.160.100.09

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

May 12PDF
Feb 3PDF
Nov 11PDF
Aug 5PDF
FY 2023

Annual report

PDF

Investor Presentation

May 24PDF
Feb 10PDF
Feb 9PDF
+2 more
FY 2024

Annual report

PDF

Investor Presentation

Aug 8PDF
 

Peers & Comparison

Comparing 3 stocks from 
Real EstateReal Estate

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Brigade Enterprises Ltd60.807.720.17%
DLF Ltd71.344.930.64%
Macrotech Developers Ltd75.286.650.19%
Godrej Properties Ltd102.957.25—

Price Comparison

Compare BRIGADE with any stock or ETF
Compare BRIGADE with any stock or ETF
BRIGADE
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Shareholdings

Promoter Holdings Trend

Decreased Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has decreased by 2.35%

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Increased Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has increased by 2.29%

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding41.37%22.33%1.69%18.46%16.14%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep13.68%13.40%13.73%14.87%16.17%18.46%

Mutual Funds Holding Trend

Increased Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has increased by 1.13%

Top 5 Mutual Funds holding Brigade Enterprises Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Axis Small Cap Fund - Growth - Direct Plan

Growth
3.1794%3.52%-0.80%4/135 (0)
SBI Small Cap Fund - Growth - Direct Plan

Growth
1.9041%1.58%-0.12%27/63 (-1)
Franklin India Smaller Companies Fund - Growth - Direct Plan

Growth
1.6610%3.27%-0.09%2/103 (0)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have Brigade Enterprises Ltd

Events

Dividend Trend

No Dividend Cuts

Dividends are the portion of earnings that a company distributes to all its shareholders every year

BRIGADE has increased or maintained dividend levels over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.17%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹1.68 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateJul 30, 2024

Final
Final | Div/Share: ₹2.00

Dividend/Share

₹2.00

Ex DateEx Date

Jul 30, 2024

Cash Dividend

Ex DateEx DateJul 31, 2023

Final
Final | Div/Share: ₹2.00

Dividend/Share

₹2.00

Ex DateEx Date

Jul 31, 2023

Cash Dividend

Ex DateEx DateJul 25, 2022

Final
Final | Div/Share: ₹1.50

Dividend/Share

₹1.50

Ex DateEx Date

Jul 25, 2022

Cash Dividend

Ex DateEx DateAug 2, 2021

Final
Final | Div/Share: ₹1.20

Dividend/Share

₹1.20

Ex DateEx Date

Aug 2, 2021

Cash Dividend

Ex DateEx DateMar 23, 2020

Interim
Interim | Div/Share: ₹1.00

Dividend/Share

₹1.00

Ex DateEx Date

Mar 23, 2020

News & Opinions
Corporate
Brigade Enterprises to discuss results

Brigade Enterprises will hold a meeting of the Board of Directors of the Company on 13 November 2024Powered by Capital Market - Live

5 days agoCapital Market - Live
Spotlight
Brigade Enterprises spurts after unit files for IPO

Brigade Hotel Ventures, a wholly-owned subsidiary of Brigade Enterprises, has filed a Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO) worth up to Rs 900 crore. The IPO will involve a fresh issue of equity shares, each with a face value of Rs 10. The issue is subject to regulatory approvals, market conditions, and other considerations. Brigade Enterprises is one of India's leading property developers. The company has developed properties in cities like Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Gift City-Gujarat, Thiruvananthapuram, Mangaluru and Chikkamagaluru with developments across residential, office, retail and hotels. The company's consolidated net profit surged 117.29% of Rs 83.72 crore in Q1 FY25 compared with Rs 38.53 crore in Q1 FY24. Revenue from operation jumped 64.8% year on year (YoY) to Rs 1,077.72 crore in the quarter ended 30 June 2024. Powered by Capital Market - Live

1 week agoCapital Market - Live
Corporate
Brigade Group launches its first BuzzWorks center in Hyderabad

Brigade Group has announced the launch of its premium flexible and managed workspace solution, BuzzWorks, in Hyderabad at Auro Orbit in the heart of HITEC City. Spanning a floorplate of 25,000 sq.ft., BuzzWorks at Auro Orbit features 416 desks, along with meeting rooms and collaborative spaces, designed to meet the evolving needs of contemporary enterprises. This expansion aligns with Brigade Group's strategic vision to reach 1 million sq.ft. of flexible office space by FY26. BuzzWorks at Auro Orbit is inspired by the captivating 'Urban Forest' theme, seamlessly blending technology and nature to foster creativity, well-being and sustainability within a futuristic workspace. The layout prioritizes fluid movement, maximizes natural light and minimizes energy consumption, all while incorporating state-of-the-art technology. BuzzWorks offers amenities like wireless access control, visitor management and AI-powered smart space technology, including advanced energy management systems, aligning with modern workplace trends. Sustainability is a key focus, with carefully selected materials and plants that enhance both durability and air quality. The interiors feature birch plywood, known for its exceptional longevity, alongside carefully chosen plants like the Fiddle Leaf Fig and Broken Heart plants, which enhance indoor air quality through natural purification. Carpets made using recycled nylon combine durability with environmental responsibility. Additionally, recreational facilities such as foosball, table tennis and a gaming zone elevate the work environment, complemented by stunning city views from the 18th floor. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Brigade Enterprises allots 1.30 cr equity shares under QIP issue

Brigade Enterprises has allotted 1,30,43,478 equity shares to eligible qualified institutional buyers at an issue price of Rs 1,150/- per equity share (including a premium of Rs 1,140/- per equity share) which includes a discount of Rs 14.70 per equity share i.e., 1.26% of the floor price of Rs 1,164.70 per equity share aggregating to Rs 1499.99 crore, pursuant to the QIP issue. Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Brigade Group launches ibis Styles Mysuru in partnership with Accor

Brigade Group and global hospitality company Accor announced the launch of ibis Styles Mysuru on KRS Road. ibis Styles is the fourth hotel between Brigade Group and Accor, and their second in Mysuru after Grand Mercure Mysuru. ibis Styles Mysuru seeks to redefine hospitality with its fusion of contemporary design and cultural nuances. The hotel's interiors draw inspiration from the vibrant birds of Ranganathittu Bird Sanctuary, creating a welcoming atmosphere for guests. With 130 well-designed rooms, ibis Styles Mysuru caters to a variety of needs, offering comfortable accommodation for travelers. The hotel's 30 suites feature designated kitchenettes, private balconies, spacious living areas, and family-friendly rooms. The hotel also houses a dedicated children's play area. Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Mysore Projects appoints director

Brigade Enterprises announced that the Board of Directors of Mysore Projects (MPPL) Unlisted Material Subsidiary of the Company, at their meeting held today i.e 16 August, 2024 have approved the appointment of Mr. Abraham George Stephanos (DIN: 06618882) Independent Director of the Company, as an Independent Director on the Board of MPPL w.e.f. 16 August 2024. Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Brigade Group partners with abCoffee

Brigade Group has partnered with abCoffee, grab-and-go specialty coffee, to establish outlets across its commercial office spaces in Bengaluru. Through this partnership, abCoffee will open 6 outlets within Brigade properties, enhancing the caf' experience for tenants and visitors alike. We partnered with abCoffee in order to enhance the F&B offerings at our office parks. abCoffee is able to retro fit into operational buildings without requiring additional water or gas points. We find the brand youthful, and relevant, providing high quality F&B at reasonable prices. We are excited to take another step towards enhancing the experience across our campuses.' said Arvind Rao, Vice President - Commercial Business, Brigade Enterprises. Powered by Capital Market - Live

2 months agoCapital Market - Live
Live Market Update
Benchmarks retreat from high; European mkt opens higher

The domestic equity benchmarks pared some gains and traded with modest gains in afternoon trade. The Nifty traded below the 24,200 level. Realty, media and metal shares advanced while banking shares declined. At 13:30 IST, the barometer index, the S&P BSE Sensex, was up 336.90 points or 0.43% to 79,096.30. The Nifty 50 index added 103.70 points or 0.43% to 24,159.30. The broader market outperformed the headline indices. The S&P BSE Mid-Cap index advanced 0.99% and the S&P BSE Small-Cap index gained 0.92%. The market breadth was strong. On the BSE, 2,399 shares rose and 1,421 shares fell. A total of 134 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, tumbled 10.07% to 18.32. Gainers & Losers: Britannia Industries (up 3.85%), Adani Enterprises (up 3.04%), JSW Steel (up 2.66%), Tech Mahindra (up 2.32%) and Larsen & Toubro (up 2.09%) were major Nifty gainers. HDFC Life Insurance Company (down 2.03%), Bharti Airtel (down 2.03%), SBI Life Insurance Company (down 1.45%), Shriram Finance (down 0.86%) and UltraTech Cement (down 0.41%) were major Nifty losers. Stocks in Spotlight: Oil and Natural Gas Corporation (ONGC) rose 0.66%. The company reported 15.09% decline in standalone net profit to Rs 8,938.10 crore in Q1 FY25 as compared with Rs 10,526.78 crore in Q1 FY24. Revenue from operations increased 4.29% YoY to Rs 35,266.38 crore in Q1 FY25. Tata Chemicals rose 0.53%. The company's consolidated net profit from continuing operations declined 69.72% to Rs 175 crore in Q1 FY25 as compared to Rs 578 crore posted in Q1 FY24. The company's revenue from operations fell 10.17% year-on-year (YoY) to Rs 3,789 crore for the quarter ended 30 June 2024. Brigade Enterprises rallied 3.85% after the company's consolidated net profit surged 117.29% of Rs 83.72 crore in Q1 FY25 as compared with Rs 38.53 crore reported in Q1 FY24. Revenue from operation jumped 64.8% year on year (YoY) to Rs 1,077.72 crore in the quarter ended 30 June 2024. BEML slipped 3.59%. The company's consolidated net loss narrowed to Rs 70.47 crore in Q1 FY25 as compared with Rs 75.01 crore reported in Q1 FY24. Revenue from operations grew by 9.91% to Rs 634.08 crore in Q1 FY25 as against Rs 576.91 crore posted in corresponding quarter last year. BLS International Services surged 11.32% after the company's consolidated net profit jumped 70.16% to Rs 120.78 crore in Q1 FY25 as compared with Rs 70.98 crore in Q1 FY24. Revenue from operations jumped 28.47% YoY to Rs 492.66 crore during the quarter Axiscades Technologies jumped 5.11% after the company reported a net profit of Rs 17 crore in Q1 FY25, which is nearly three times as compared with the PAT of Rs 6 crore recorded in Q1 FY24. Revenue from operations amounted to Rs 223 crore for the quarter, up 4.5% YoY. Cupid hit an upper circuit of 5% after the company reported a net profit of Rs 8.26 crore in Q1 FY25, steeply higher than Rs 2.16 crore posted in Q1 FY24. Revenue from operations jumped 16.18% year on year (YoY) to Rs 39.13 crore during the quarter. V-Mart Retail rallied 4.65% after the company reported a net profit of Rs 12.14 crore in Q1 FY25 as against net loss of Rs 21.94 crore posted in Q1 FY24. Revenue from operations jumped 15.85% year on year (YoY) to Rs 786.08 crore in the quarter ended 30 June 2024. Bharti Hexacom's shed 0.85%. The company's standalone net profit surged to Rs 511.2 crore during the quarter as compared with Rs 253.2 crore in Q1 FY24. Revenue from operations increased 13.61% YoY to Rs 1,910.6 crore during the quarter. Global Markets: Most European stocks advanced while Asian stocks traded mixed on Tuesday, recovering from steep losses in the previous session. Japanese markets led the rally, bouncing back after plunging into bear market territory. Bargain hunting also fueled gains, as investors snapped up discounted stocks with solid fundamentals. US stocks tumbled on Monday, triggered by recession fears. The Dow dropped 1,033.99 points, or 2.6%, to end at 38,703.27. The Nasdaq Composite lost 3.43% and closed at 16,200.08, while the S&P 500 slid 3% to end at 5,186.33. Friday's disappointing US jobs report intensified concerns about a potential recession. Investors are growing increasingly frustrated with the Federal Reserve's reluctance to cut interest rates despite slowing economic growth. The central bank opted to maintain rates at a 22-year high during its last meeting. Adding to market volatility, the unwinding of the yen carry trade is gaining momentum. After the Bank of Japan raised interest rates last week, narrowing the interest rate differential with the US, the yen strengthened against the dollar. This has forced investors to unwind positions that involved borrowing in yen to invest in higher-yielding assets.Powered by Capital Market - Live

3 months agoCapital Market - Live
Spotlight
Brigade Ent jumps on reporting stellar Q1 performance

Revenue from operation jumped 64.8% year on year (YoY) to Rs 1,077.72 crore in the quarter ended 30 June 2024. Profit before tax stood at Rs 108.44 crore in June 2024 quarter, significantly higher from Rs 30.04 crore posted in same quarter last year. The company's revenue from real estate segment was at Rs 707.20 crore (up 105.28% YoY); income from leasing stood at Rs 259.42 crore (up 23.35% YoY) while revenue hospitality stood at Rs 118.03 crore (up 11.79% YoY) during the period under review. EBITDA stood at Rs 328 crore in the first quarter of 2024. Pre-sales bookings in the real estate segment of Q1 FY25 stood at 1.15 million sft, with a sale value of Rs 1,086 crore. Average realisation stood at Rs 9,483 per sft. Pavitra Shankar, managing director, Brigade Enterprises, said, 'Real estate segment continued to be the primary driver of our growth, while other segments made healthy contributions. We believe that our diverse portfolio will help us capitalize on emerging opportunities. We will be holding the 17th edition of our annual event Brigade Showcase from the 9 to 11 August 2024. With the focus largely on sustainability, visitors can expect to learn about our eco-friendly practices, energy-efficient designs, and commitment to creating sustainable living spaces. It is an opportunity for prospective homebuyers to explore over 20 exceptional Brigade projects, including integrated townships, apartments, villas, and plots, ranging from Rs. 49 lakhs to Rs. 21 crores in the cities of Bengaluru, Chennai and Hyderabad.' Meanwhile, Brigade Group, through its wholly owned subsidiary, Brigade Tetrarch, has entered into a Limited Liability Partnership (LLP) agreement to develop a 1.4 million square feet leasable office space. The proposed commercial development is expected to generate an annual lease income close to Rs 100 crore per year, with an investment of close to Rs 750 crore. Brigade Enterprises is one of India's leading property developers. The company has developed properties in cities like Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Gift City-Gujarat, Thiruvananthapuram, Mangaluru and Chikkamagaluru with developments across residential, office, retail and hotels. Powered by Capital Market - Live

3 months agoCapital Market - Live
Spotlight
Brigade Ent jumps on reporting stellar Q4 outcome

Revenue from operation jumped 64.8% year on year (YoY) to Rs 1,077.72 crore in the quarter ended 30 June 2024. Profit before tax stood at Rs 108.44 crore in June 2024 quarter, significantly higher from Rs 30.04 crore posted in same quarter last year. The company's revenue from real estate segment was at Rs 707.20 crore (up 105.28% YoY); income from leasing stood at Rs 259.42 crore (up 23.35% YoY) while revenue hospitality stood at Rs 118.03 crore (up 11.79% YoY) during the period under review. EBITDA stood at Rs 328 crore in the first quarter of 2024. Pre-sales bookings in the real estate segment of Q1 FY25 stood at 1.15 million sft, with a sale value of Rs 1,086 crore. Average realisation stood at Rs 9,483 per sft. Pavitra Shankar, managing director, Brigade Enterprises, said, 'Real estate segment continued to be the primary driver of our growth, while other segments made healthy contributions. We believe that our diverse portfolio will help us capitalize on emerging opportunities. We will be holding the 17th edition of our annual event Brigade Showcase from the 9 to 11 August 2024. With the focus largely on sustainability, visitors can expect to learn about our eco-friendly practices, energy-efficient designs, and commitment to creating sustainable living spaces. It is an opportunity for prospective homebuyers to explore over 20 exceptional Brigade projects, including integrated townships, apartments, villas, and plots, ranging from Rs. 49 lakhs to Rs. 21 crores in the cities of Bengaluru, Chennai and Hyderabad.' Meanwhile, Brigade Group, through its wholly owned subsidiary, Brigade Tetrarch, has entered into a Limited Liability Partnership (LLP) agreement to develop a 1.4 million square feet leasable office space. The proposed commercial development is expected to generate an annual lease income close to Rs 100 crore per year, with an investment of close to Rs 750 crore. Brigade Enterprises is one of India's leading property developers. The company has developed properties in cities like Bengaluru, Chennai, Hyderabad, Mysuru, Kochi, Gift City-Gujarat, Thiruvananthapuram, Mangaluru and Chikkamagaluru with developments across residential, office, retail and hotels. Powered by Capital Market - Live

3 months agoCapital Market - Live