Brigade Enterprises Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2026 • Real estate: 80.8% • Lease Rentals: 19.2%
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
- Latest quarter profit grew 116.7% YoY, showing strong momentum
- Company has a consistent dividend-paying track record
- Company maintains a comfortable, low leverage position
CONS
- Operating cash flow has been negative in recent years
- A large part of profit comes from other income (75.4% of PBT)
- Recent results are weak - TTM profit is down 39.8% versus prior year
- Company has a low return on capital employed of 8.3%
- Company has a low return on equity of 7.0% over last 3 years
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.39x)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| DLF | 656.40 | 36.55 | 162479.46 | 1.22 | 793.90 | -89.59 | 1280.34 | -52.87 | 6.81 | 49.68 |
| LODHA | 1165.45 | 28.23 | 116454.47 | 0.36 | 1373.10 | 103.39 | 4996.70 | 43.10 | 16.89 | 38.51 |
| PHOENIXLTD | 1897.90 | 53.03 | 67883.68 | 0.13 | 394.51 | 22.95 | 1074.94 | 12.80 | 15.41 | 59.77 |
| PRESTIGE | 1541.85 | 58.31 | 66412.14 | 0.13 | 271.40 | -12.87 | 2675.10 | 15.94 | 11.51 | 31.75 |
| OBEROIRLTY | 1796.30 | 24.84 | 65313.87 | 0.45 | 543.51 | 29.02 | 1300.89 | 31.73 | 17.69 | 56.75 |
| GODREJPROP | 1860.00 | 35.01 | 56028.13 | 0.54 | 349.38 | -41.61 | 506.17 | 16.48 | 8.37 | -57.98 |
| ANANTRAJ | 613.40 | 38.15 | 22074.85 | 0.16 | 149.19 | 18.50 | 631.40 | 6.58 | 12.23 | 29.53 |
| BRIGADE | 662.00 | 31.08 | 21598.36 | 0.23 | 216.94 | 37.35 | 1115.55 | -12.93 | 11.02 | 32.33 |
| ABREL | 1341.65 | 113.30 | 14985.65 | 0.19 | -34.59 | -27.73 | 188.85 | 30.95 | -4.54 | -30.02 |
| SOBHA | 1228.35 | 56.96 | 13137.67 | 0.49 | 50.85 | 273.37 | 1278.15 | 50.03 | 6.96 | 6.07 |
| SIGNATURE | 785.75 | 10.59 | 11054.40 | 0.00 | -16.53 | -148.00 | 551.99 | -36.24 | 34.77 | -8.10 |
| MAXESTATES | 547.20 | 774.04 | 8950.27 | 0.00 | 8.35 | -30.00 | 51.91 | 0.86 | 2.05 | 15.65 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 316 | 438 | 414 | 857 | 534 | 422 | 543 | 619 | 436 | 661 | 712 | 816 | 614 | |
| 257 | 348 | 326 | 641 | 423 | 349 | 436 | 474 | 389 | 630 | 606 | 679 | 539 | |
| Operating Profit | 59 | 90 | 87 | 216 | 111 | 72 | 107 | 145 | 47 | 31 | 106 | 137 | 75 |
| OPM % | 18.70% | 20.54% | 21.12% | 25.20% | 20.70% | 17.15% | 19.65% | 23.47% | 10.87% | 4.68% | 14.87% | 16.74% | 12.17% |
| 43 | 58 | 37 | 61 | 44 | 94 | 64 | 65 | 60 | 82 | 52 | 64 | 69 | |
| Interest | 32 | 32 | 38 | 41 | 48 | 34 | 28 | 20 | 21 | 25 | 26 | 50 | 37 |
| Depreciation | 18 | 19 | 22 | 20 | 19 | 20 | 21 | 20 | 19 | 21 | 23 | 26 | 24 |
| Profit before Tax | 53 | 97 | 64 | 216 | 88 | 113 | 122 | 169 | 68 | 67 | 109 | 125 | 144 |
| Tax % | 26.64% | 25.76% | 26.42% | 25.59% | 25.34% | 19.83% | 25.46% | -22.82% | 18.76% | 24.92% | 23.91% | 28.31% | 17.02% |
| Net Profit | 39 | 72 | 47 | 160 | 66 | 91 | 91 | 208 | 55 | 50 | 83 | 89 | 119 |
| 1.67 | 3.12 | 2.04 | 6.94 | 2.84 | 3.89 | 3.85 | 8.72 | 2.25 | 2.05 | 3.39 | 3.66 | 3.66 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,499 | 1,265 | 1,806 | 1,849 | 1,524 | 2,161 | 2,209 | 2,025 | 2,117 | 2,624 | 2,802 | |
| 1,100 | 864 | 1,324 | 1,359 | 1,122 | 1,644 | 1,745 | 1,572 | 1,682 | 2,313 | 2,454 | |
| Operating Profit | 399 | 401 | 482 | 491 | 402 | 517 | 464 | 453 | 435 | 311 | 348 |
| OPM % | 26.60% | 31.70% | 26.69% | 26.54% | 26.41% | 23.91% | 21.01% | 22.36% | 20.53% | 11.86% | 12.42% |
| 91 | 103 | 123 | 130 | 59 | 143 | 252 | 199 | 267 | 268 | 267 | |
| Interest | 180 | 183 | 178 | 200 | 198 | 143 | 134 | 144 | 130 | 121 | 138 |
| Depreciation | 76 | 69 | 68 | 76 | 87 | 84 | 80 | 78 | 80 | 90 | 94 |
| Profit before Tax | 234 | 252 | 359 | 344 | 178 | 433 | 502 | 429 | 492 | 368 | 444 |
| Tax % | 29.47% | 28.31% | 34.68% | 24.27% | 18.64% | 28.66% | 23.29% | 25.88% | 7.54% | 24.64% | 23.07% |
| Net Profit | 165 | 181 | 234 | 261 | 145 | 309 | 385 | 318 | 455 | 277 | 342 |
| EPS | 14.41 | 13.46 | 11.45 | 12.66 | 6.96 | 13.66 | 16.66 | 13.77 | 18.63 | 11.34 | — |
| Dividend Payout % | 17.18% | 15.08% | 11.63% | 7.84% | 17.51% | 11.18% | 11.99% | 14.53% | 13.42% | 17.63% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 5%
- 5 Years:
- 11%
- 3 Years:
- 6%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 7%
- 5 Years:
- 14%
- 3 Years:
- -10%
STOCK PRICE CAGR
- 10 Years:
- 22%
- 5 Years:
- 17%
- 3 Years:
- 11%
- 1 Year:
- -7%
RETURN ON EQUITY
- 10 Years:
- 9%
- 5 Years:
- 8%
- 3 Years:
- 7%
- Last Year:
- 4%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 |
| 1,580 | 2,191 | 2,169 | 2,307 | 2,562 | 3,331 | 3,691 | 3,976 | 5,855 | 6,084 | |
| 1,690 | 2,004 | 1,958 | 2,091 | 1,919 | 1,669 | 1,463 | 1,710 | 1,523 | 2,920 | |
| Trade Payables | 359 | 403 | 381 | 300 | 316 | 357 | 359 | 346 | 379 | 513 |
| 979 | 1,022 | 2,816 | 2,764 | 3,101 | 3,208 | 3,399 | 4,284 | 5,851 | 7,529 | |
| Total Liabilities | 4,721 | 5,756 | 7,460 | 7,666 | 8,109 | 8,795 | 9,142 | 10,548 | 13,853 | 17,292 |
| 29 | 32 | 27 | 27 | 25 | 23 | 24 | 27 | 37 | 60 | |
| Capital Work in Progress | 250 | 432 | 179 | 75 | 4 | 3 | 16 | 670 | 1,453 | 2,019 |
| 827 | 1,353 | 1,498 | 1,793 | 2,051 | 2,595 | 2,347 | 2,544 | 2,421 | 2,511 | |
| 1,526 | 1,476 | 3,048 | 2,976 | 3,070 | 2,973 | 3,363 | 3,956 | 4,905 | 7,030 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 225 | 394 | 385 | |
| Cash & Bank | 43 | 44 | 112 | 137 | 185 | 289 | 599 | 658 | 1,848 | 1,472 |
| 2,048 | 2,420 | 2,595 | 2,659 | 2,774 | 2,910 | 2,793 | 2,469 | 2,794 | 3,814 | |
| Total Assets | 4,721 | 5,756 | 7,460 | 7,666 | 8,109 | 8,795 | 9,142 | 10,548 | 13,853 | 17,292 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 454 | 112 | 306 | 350 | 472 | 616 | 380 | -25 | 332 | -713 | |
| Cash from Investing | -332 | -638 | 103 | -194 | -151 | -583 | 72 | -120 | -413 | -545 |
| Cash from Financing | -92 | 557 | -261 | -58 | -282 | 123 | -360 | 151 | 1,096 | 943 |
| -10 | -12 | 72 | 40 | -14 | 74 | -5 | 6 | 1,015 | -316 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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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