Brigade Enterprises Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Real Estate: 67.7% • Lease Rentals: 22.1% • Hospitality: 10.2%
AI Sector View
AI GENERATEDRealty
Housing and construction indicators remain supportive for real estate. The housing index reached 105 (Mar/26), residential property prices rose 4.21% (Mar/26), construction output was 5.4% (Jul/26), and cement output accelerated to 13.1% YoY (2026-07). Bank lending rates are steady at 8.96% (Aug/26) rather than easing, but FPI flows turned positive with INR 1999 crore net inflow over 3 months to 2026-08-31 from INR -7216 crore previously.
PROS
- Company has consistently been profitable over the last 5 years
- Latest quarter profit grew 37.3% YoY, showing strong momentum
- Company has delivered good sales growth of 23.9% CAGR over last 5 years
- Company has a consistent dividend-paying track record
- Attractively priced for its growth - PEG of 0.6
CONS
- Operating cash flow has been negative in recent years
- Promoter holding has decreased over last 2 years: -2.6pp
- Operating margins have contracted to 25.0% from 28.4%
- Though reporting repeated profits, the company pays out little dividend (7.6%)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| DLF | 643.60 | 35.83 | 159311.06 | 1.24 | 793.90 | -89.59 | 1280.34 | -52.87 | 6.81 | 49.68 |
| LODHA | 1113.00 | 26.96 | 111226.00 | 0.38 | 1373.10 | 103.39 | 4996.70 | 43.10 | 16.89 | 38.51 |
| PHOENIXLTD | 1891.15 | 52.85 | 67642.25 | 0.13 | 394.51 | 22.95 | 1074.94 | 12.80 | 15.41 | 59.77 |
| PRESTIGE | 1505.00 | 56.92 | 64824.90 | 0.13 | 271.40 | -12.87 | 2675.10 | 15.94 | 11.51 | 31.75 |
| OBEROIRLTY | 1747.40 | 24.16 | 63535.85 | 0.46 | 543.51 | 29.02 | 1300.89 | 31.73 | 17.69 | 56.75 |
| GODREJPROP | 1745.00 | 32.85 | 52564.02 | 0.57 | 349.38 | -41.61 | 506.17 | 16.48 | 8.37 | -57.98 |
| ANANTRAJ | 599.05 | 37.26 | 21558.43 | 0.17 | 149.19 | 18.50 | 631.40 | 6.58 | 12.23 | 29.53 |
| BRIGADE | 638.90 | 30.00 | 20844.71 | 0.24 | 216.94 | 37.35 | 1115.55 | -12.93 | 11.02 | 32.33 |
| ABREL | 1284.65 | 108.49 | 14348.99 | 0.19 | -34.59 | -27.73 | 188.85 | 30.95 | -4.54 | -30.02 |
| SOBHA | 1217.35 | 56.45 | 13020.02 | 0.49 | 50.85 | 273.37 | 1278.15 | 50.03 | 6.96 | 6.07 |
| SIGNATURE | 762.15 | 10.27 | 10722.39 | 0.00 | -16.53 | -148.00 | 551.99 | -36.24 | 34.77 | -8.10 |
| MAXESTATES | 560.60 | 793.00 | 9169.45 | 0.00 | 8.35 | -30.00 | 51.91 | 0.86 | 2.05 | 15.65 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 654 | 1,367 | 1,174 | 1,702 | 1,078 | 1,072 | 1,464 | 1,460 | 1,281 | 1,383 | 1,575 | 1,458 | 1,116 | |
| 479 | 1,042 | 912 | 1,270 | 785 | 780 | 1,050 | 1,044 | 957 | 1,055 | 1,164 | 1,093 | 937 | |
| Operating Profit | 175 | 325 | 262 | 433 | 293 | 292 | 414 | 416 | 324 | 328 | 411 | 365 | 179 |
| OPM % | 26.73% | 23.77% | 22.32% | 25.42% | 27.15% | 27.23% | 28.26% | 28.48% | 25.26% | 23.71% | 26.09% | 25.02% | 16.05% |
| 31 | 41 | 34 | 60 | 36 | 66 | 66 | 72 | 52 | 46 | 29 | 71 | 21 | |
| Interest | 108 | 110 | 135 | 138 | 152 | 123 | 114 | 107 | 106 | 102 | 90 | 112 | 109 |
| Depreciation | 68 | 76 | 82 | 76 | 68 | 69 | 76 | 76 | 76 | 76 | 80 | 80 | 73 |
| Profit before Tax | 30 | 180 | 79 | 279 | 108 | 166 | 289 | 306 | 194 | 196 | 270 | 244 | 285 |
| Tax % | 27.13% | 37.62% | 29.79% | 24.38% | 25.74% | 30.82% | 18.46% | 18.42% | 18.47% | 12.91% | 23.64% | 22.24% | 23.85% |
| Net Profit | 0 | 0 | 0 | 0 | 81 | 115 | 236 | 249 | 158 | 170 | 206 | 191 | 217 |
| 1.67 | 5.79 | 3.18 | 8.92 | 3.62 | 4.94 | 9.98 | 10.35 | 6.13 | 6.65 | 7.63 | 5.95 | 6.14 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,024 | 1,897 | 2,973 | 2,632 | 1,950 | 2,999 | 3,445 | 4,897 | 5,074 | 5,697 | 5,532 | |
| 1,450 | 1,343 | 2,183 | 1,969 | 1,478 | 2,232 | 2,586 | 3,702 | 3,660 | 4,270 | 4,249 | |
| Operating Profit | 574 | 554 | 790 | 663 | 472 | 766 | 859 | 1,194 | 1,414 | 1,427 | 1,283 |
| OPM % | 28.38% | 29.23% | 26.56% | 25.20% | 24.20% | 25.55% | 24.94% | 24.39% | 27.87% | 25.05% | 23.19% |
| 34 | 37 | 54 | 29 | -16 | 10 | 164 | 167 | 239 | 198 | 167 | |
| Interest | 246 | 259 | 278 | 340 | 347 | 444 | 434 | 491 | 495 | 409 | 413 |
| Depreciation | 123 | 138 | 140 | 192 | 237 | 351 | 315 | 302 | 289 | 312 | 310 |
| Profit before Tax | 240 | 196 | 427 | 161 | -125 | -15 | 278 | 569 | 869 | 904 | 994 |
| Tax % | 30.54% | 32.10% | 34.05% | 29.35% | 22.93% | -330.59% | 20.08% | 29.48% | 21.72% | 19.82% | 21.24% |
| Net Profit | 166 | 133 | 282 | 114 | -96 | -65 | 222 | 401 | 680 | 725 | 783 |
| EPS | 13.45 | 10.38 | 11.72 | 6.34 | -2.24 | 3.66 | 12.61 | 19.52 | 28.06 | 26.35 | — |
| Dividend Payout % | 18.56% | 19.39% | 11.32% | 15.65% | -54.64% | 41.73% | 15.84% | 10.24% | 8.91% | 7.59% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 11%
- 5 Years:
- 24%
- 3 Years:
- 18%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 18%
- 5 Years:
- —
- 3 Years:
- 30%
STOCK PRICE CAGR
- 10 Years:
- 22%
- 5 Years:
- 16%
- 3 Years:
- 12%
- 1 Year:
- -9%
RETURN ON EQUITY
- 10 Years:
- 7%
- 5 Years:
- 9%
- 3 Years:
- 13%
- Last Year:
- 12%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 114 | 136 | 136 | 204 | 211 | 230 | 231 | 231 | 244 | 245 |
| Minority Interest | 227 | 223 | 188 | 166 | 116 | -32 | -101 | 42 | 277 | 704 |
| 1,580 | 2,150 | 2,031 | 2,045 | 2,132 | 2,676 | 3,007 | 3,272 | 5,378 | 6,560 | |
| 2,688 | 3,561 | 3,952 | 4,758 | 5,205 | 5,084 | 4,823 | 5,439 | 5,092 | 6,255 | |
| Trade Payables | 516 | 526 | 608 | 500 | 577 | 649 | 735 | 760 | 786 | 882 |
| 1,224 | 1,213 | 3,769 | 4,440 | 5,358 | 6,230 | 7,339 | 7,773 | 9,854 | 10,868 | |
| Total Liabilities | 6,350 | 7,810 | 10,686 | 12,114 | 13,598 | 14,837 | 16,034 | 17,517 | 21,631 | 25,513 |
| 484 | 821 | 929 | 1,029 | 1,016 | 945 | 919 | 936 | 1,028 | 1,094 | |
| Capital Work in Progress | 1,555 | 2,121 | 2,001 | 2,089 | 495 | 541 | 740 | 1,232 | 1,929 | 3,584 |
| 54 | 236 | 98 | 72 | 89 | 509 | 62 | 50 | 43 | 62 | |
| 2,264 | 2,179 | 4,816 | 5,209 | 5,902 | 6,223 | 7,327 | 7,736 | 8,887 | 11,401 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 500 | 629 | 601 | |
| Cash & Bank | 136 | 147 | 222 | 305 | 559 | 945 | 1,478 | 1,737 | 3,261 | 2,685 |
| 1,857 | 2,306 | 2,619 | 3,409 | 5,536 | 5,675 | 5,508 | 5,327 | 5,854 | 6,087 | |
| Total Assets | 6,350 | 7,810 | 10,686 | 12,114 | 13,598 | 14,837 | 16,034 | 17,517 | 21,631 | 25,513 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 473 | 144 | 579 | 529 | 856 | 1,136 | 1,126 | 334 | 995 | -137 | |
| Cash from Investing | -335 | -1,084 | -452 | -717 | -748 | -971 | -271 | -379 | -590 | -1,436 |
| Cash from Financing | -58 | 1,032 | 45 | 321 | 30 | 33 | -695 | 241 | 860 | 942 |
| 5 | -4 | 60 | 69 | 84 | 94 | 1 | 195 | 1,265 | -631 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-04 - Brigade Enterprises Limited has informed the Exchange regarding a press release dated September 04, 2026, titled "Brigade Group Expands Hyderabad Footprint with Launch of Brigade Barcelona in Neopolis with a Revenue Potential of over Rs. 2,700 Crores".
2026-09-04 - Brigade Enterprises Limited has informed the Exchange about Material Information - Brigade Group Expands Hyderabad Footprint with Launch of Brigade Barcelona in Neopolis with a Revenue Potential of over Rs. 2,700 Crores
2026-09-01 - Brigade Enterprises Limited has informed the Exchange about Incorporation of wholly owned subsidiaries
2026-09-01 - Brigade Enterprises Limited has informed the Exchange about Schedule of meet
2026-09-01 - Brigade Enterprises Limited has informed the Exchange regarding a press release dated September 01, 2026, titled "Brigade Group Announces the opening of PVR INOX CINEMAS at Arcadia, Brigade Cornerstone Utopia".
2026-08-31 - Brigade Enterprises Limited has informed the Exchange regarding a press release dated August 31, 2026, titled "Brigade Group Enters Coimbatore with a Residential Development".
2026-08-31 - Brigade Enterprises Limited has informed the Exchange about Material Information Brigade Group Enters Coimbatore with a Residential Development
2026-08-26 - Brigade Enterprises Limited has informed the Exchange about Schedule of meet
2026-08-20 - Brigade Enterprises Limited has informed the Exchange about Transcript
News
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