Brigade Enterprises Ltd.

•

brigadegroup.comBSE: 532929NSE: BRIGADE

Market Cap₹ 21,598 Cr.

Current Price

High / Low₹ 802 / 451

Stock P/E63.2

Book Value₹ 200

Price to Book2.52

Dividend Yield0.23 %

ROCE5.7 %

ROE4.5 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Real estate: 80.8% • Lease Rentals: 19.2%

AI Sector View

AI GENERATED

Realty

Buy

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.

Confidence

75%

View full sector analysis →

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

RealtyRealtyConstruction - Real Estate

Part ofNIFTY SMLCAP 250 NIFTY 500 NIFTY TOTAL MKT NIFTY REALTY

S.No.	Name
1.	DLF	656.40	36.55	162479.46	1.22	793.90	-89.59	1280.34	-52.87	6.81	49.68
2.	LODHA	1165.45	28.23	116454.47	0.36	1373.10	103.39	4996.70	43.10	16.89	38.51
3.	PHOENIXLTD	1897.90	53.03	67883.68	0.13	394.51	22.95	1074.94	12.80	15.41	59.77
4.	PRESTIGE	1541.85	58.31	66412.14	0.13	271.40	-12.87	2675.10	15.94	11.51	31.75
5.	OBEROIRLTY	1796.30	24.84	65313.87	0.45	543.51	29.02	1300.89	31.73	17.69	56.75
6.	GODREJPROP	1860.00	35.01	56028.13	0.54	349.38	-41.61	506.17	16.48	8.37	-57.98
7.	ANANTRAJ	613.40	38.15	22074.85	0.16	149.19	18.50	631.40	6.58	12.23	29.53
8.	BRIGADE	662.00	31.08	21598.36	0.23	216.94	37.35	1115.55	-12.93	11.02	32.33
9.	ABREL	1341.65	113.30	14985.65	0.19	-34.59	-27.73	188.85	30.95	-4.54	-30.02
10.	SOBHA	1228.35	56.96	13137.67	0.49	50.85	273.37	1278.15	50.03	6.96	6.07
11.	SIGNATURE	785.75	10.59	11054.40	0.00	-16.53	-148.00	551.99	-36.24	34.77	-8.10
12.	MAXESTATES	547.20	774.04	8950.27	0.00	8.35	-30.00	51.91	0.86	2.05	15.65

Detailed Comparison with:

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

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	43.72	41.37	41.37	41.14	41.13	41.12	41.12	41.11	41.10
	16.17	18.47	20.25	20.21	19.33	18.66	18.14	16.75	15.63
	22.86	24.02	22.91	22.87	23.44	23.28	23.55	24.74	25.46
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	17.25	16.14	15.49	15.78	16.09	16.94	17.19	17.41	17.81

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-04

Press Release

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

General Updates

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

General Updates

2026-09-01 - Brigade Enterprises Limited has informed the Exchange about Incorporation of wholly owned subsidiaries

2026-09-01

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-01 - Brigade Enterprises Limited has informed the Exchange about Schedule of meet

2026-09-01

Press Release

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

Press Release

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

General Updates

2026-08-31 - Brigade Enterprises Limited has informed the Exchange about Material Information Brigade Group Enters Coimbatore with a Residential Development

2026-08-26

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-26 - Brigade Enterprises Limited has informed the Exchange about Schedule of meet

2026-08-20

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-20 - Brigade Enterprises Limited has informed the Exchange about Transcript

News

Recent coverage and analyst commentary for BRIGADE

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Brigade Enterprises Ltd.

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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

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

216

111

107

145

106

137

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%

Interest

Depreciation

Profit before Tax

216

113

122

169

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

160

208

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

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%

103

123

130

143

252

199

267

268

267

Interest

180

183

178

200

198

143

134

144

130

121

138

Depreciation

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%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

114

136

204

211

230

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

Capital Work in Progress

250

432

179

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

225

394

385

Cash & Bank

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

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

-120

-413

-545

Cash from Financing

-92

557

-261

-58

-282

123

-360

151

1,096

943

-10

-12

-14

-5

1,015

-316

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

43.72

41.37

41.14

41.13

41.12

41.11

41.10

16.17

18.47

20.25

20.21

19.33

18.66

18.14

16.75

15.63

22.86

24.02

22.91

22.87

23.44

23.28

23.55

24.74

25.46

Government

0.00

17.25

16.14

15.49

15.78

16.09

16.94

17.19

17.41

17.81

Brigade Enterprises Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Brigade Enterprises Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI