Godrej Properties Ltd.

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godrejproperties.comBSE: 533150NSE: GODREJPROP

Market Cap₹ 56,028 Cr.

Current Price

High / Low₹ 2,352 / 1,434

Stock P/E35.0

Book Value₹ 647

Price to Book2.31

Dividend Yield0.54 %

ROCE8.4 %

ROE10.1 %

Face Value₹ 5

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Real Estate: 97.7% • Hospitality: 2.3%

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

Company has consistently been profitable over the last 5 years
Company has delivered good sales growth of 46.3% CAGR over last 5 years
Company comfortably covers its interest (19.6x coverage)
Stock looks reasonably valued - P/E of 35.0 is below its historical median
Attractively priced for its growth - PEG of 0.8

CONS

Company is loss-making at the operating / net level
Operating cash flow has been negative in recent years
A large part of profit comes from other income (128.6% of PBT)
Recent results are weak - TTM profit is down 18.5% versus prior year
Receivables are growing faster than sales - a possible quality concern
Promoter holding has decreased over last 2 years: -6.8pp

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

RealtyRealtyConstruction - Real Estate

Part ofNIFTYLARGEMIDCAP250 NIFTYMIDCAP150 NIFTY MIDCAP 100 NIFTY MIDCAP 150 NIFTY TOTAL MKT

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

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
	936	343	330	1,426	739	1,093	969	2,122	435	740	498	3,458	506
	1,085	405	372	1,303	864	1,061	941	2,012	678	1,253	681	2,936	857
Operating Profit	-149	-62	-42	123	-125	32	28	110	-243	-513	-183	522	-351
OPM %	-15.94%	-17.98%	-12.58%	8.61%	-16.92%	2.92%	2.84%	5.18%	-55.99%	-69.25%	-36.67%	15.10%	-69.27%
	330	262	218	489	960	253	271	559	1,186	1,210	514	346	839
Interest	30	48	43	31	41	45	42	46	33	22	31	52	36
Depreciation	7	7	14	16	17	18	18	21	22	26	32	36	30
Profit before Tax	144	145	119	564	778	222	239	602	888	649	269	781	480
Tax %	41.11%	26.74%	26.80%	21.81%	25.38%	-51.50%	26.02%	31.29%	29.53%	25.10%	22.61%	28.66%	27.17%
Net Profit	0	0	0	0	519	334	158	378	598	403	194	645	349
	4.59	2.40	2.24	16.95	18.70	12.06	5.70	12.68	19.92	13.45	6.48	21.58	11.62

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
	1,583	1,604	2,817	2,441	765	1,825	2,252	3,036	4,923	5,131	5,203
	1,330	1,783	2,639	2,096	1,098	1,692	2,005	3,165	4,878	5,548	5,727
Operating Profit	253	-179	178	345	-333	133	248	-130	44	-417	-524
OPM %	15.96%	-11.16%	6.32%	14.15%	-43.58%	7.30%	10.99%	-4.27%	0.90%	-8.12%	-10.07%
	118	499	405	473	568	761	787	1,299	2,044	3,256	2,909
Interest	104	150	234	220	185	167	174	152	174	137	140
Depreciation	14	16	14	21	20	21	24	45	74	116	124
Profit before Tax	284	117	348	493	-86	516	795	1,000	1,723	2,551	2,179
Tax %	27.31%	25.64%	27.30%	44.42%	-120.99%	32.11%	21.96%	25.29%	19.35%	27.83%	26.53%
Net Profit	207	87	253	274	-189	351	621	747	1,389	1,841	1,601
EPS	9.55	4.01	11.15	10.97	-7.48	12.67	20.55	26.09	46.48	61.43	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	16.28%	—

COMPOUNDED SALES GROWTH

10 Years:: 9%
5 Years:: 46%
3 Years:: 32%

COMPOUNDED PROFIT GROWTH

10 Years:: 28%
5 Years:: —
3 Years:: 48%

STOCK PRICE CAGR

10 Years:: 19%
5 Years:: 3%
3 Years:: 4%
1 Year:: -6%

RETURN ON EQUITY

10 Years:: 7%
5 Years:: 8%
3 Years:: 9%
Last Year:: 10%

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	108	108	115	126	139	139	139	139	151	151
Minority Interest	0	0	0	0	0	-2	23	309	261	199
	1,892	1,098	2,349	4,676	8,176	8,532	9,118	9,845	17,152	18,995
	3,980	3,703	3,516	3,215	4,656	5,216	6,378	10,534	12,418	15,647
Trade Payables	517	313	248	720	1,902	2,254	3,357	3,756	3,523	5,900
	524	2,410	1,350	1,005	1,094	1,357	3,760	10,846	21,757	40,698
Total Liabilities	7,022	7,631	7,577	9,742	15,966	17,496	22,774	35,429	55,261	81,590
	102	110	94	103	151	149	185	967	1,135	1,558
Capital Work in Progress	0	71	99	161	229	339	652	249	113	169
	760	1,454	2,637	3,571	5,243	4,883	2,534	3,150	5,951	5,511
	3,966	3,733	2,211	2,125	4,801	5,668	12,073	22,565	32,928	57,807
	0	0	0	0	0	0	0	310	434	554
Cash & Bank	110	333	343	507	673	1,339	2,016	2,920	5,386	5,718
	2,083	1,930	2,193	3,274	4,868	5,118	5,312	5,269	9,314	10,273
Total Assets	7,022	7,631	7,577	9,742	15,966	17,496	22,774	35,429	55,261	81,590

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
	-184	1,223	516	-206	-687	-260	-2,692	-693	-2,242	-2,003
Cash from Investing	-196	-973	-981	-1,721	-3,322	124	2,488	-2,080	-4,307	622
Cash from Financing	315	-493	970	1,974	4,259	235	832	3,258	6,710	938
	-225	-311	467	21	266	-93	460	486	160	-444

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

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	58.48	58.48	46.50	46.67	46.70	47.05	47.17	51.66	51.66
	29.91	28.32	30.85	30.54	30.54	28.31	28.15	26.17	25.33
	5.62	7.12	9.41	9.33	9.07	10.42	10.78	8.19	9.02
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	5.98	6.07	13.25	13.46	13.69	14.21	13.91	13.98	14.00

Documents

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

2026-09-10

News Verification

2026-09-10 - The Exchange has sought clarification from Godrej Properties Limited with respect to recent news item captioned Orris Infrastructure and Godrej Properties settles dispute over Gurugram project. The response from the Company is attached.

2026-09-08

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-08 - Godrej Properties Limited has informed the Exchange about Schedule of meet.

2026-09-08

News Verification

2026-09-08 - The Exchange has sought clarification from Godrej Properties Limited with respect to recent news item captioned Orris Infrastructure and Godrej Properties settles dispute over Gurugram project. The response from the Company is awaited.

2026-09-02

Credit Rating

2026-09-02 - Godrej Properties Limited has informed the Exchange about Credit Rating

2026-08-29

Press Release

2026-08-29 - Godrej Properties Limited has informed the Exchange regarding a press release dated August 29, 2026, titled "Press Release".

2026-08-27

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-27 - Godrej Properties Limited has informed the Exchange about Schedule of meet

2026-08-26

Credit Rating

2026-08-26 - Godrej Properties Limited has informed the Exchange about Credit Rating

2026-08-25

Acquisition

2026-08-25 - Godrej Properties Limited has informed the Exchange that the Hon ble National Company Law Tribunal, Mumbai Bench has vide its order dated August 25, 2026 , approved the selective reduction of equity share capital of Godrej Redevelopers (Mumbai) Private Limited, a step-down subsidiary of the Company.

2026-08-21

Copy of Newspaper Publication

2026-08-21 - Godrej Properties Limited has informed the Exchange about Copy of Newspaper Publication

News

Recent coverage and analyst commentary for GODREJPROP

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