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Brigade Enterprises Ltd share Price

Company details

6M Return 15.46%
1Y Return 24.15%
Mkt Cap.(Cr) 13,167.88
Volume 107,321
Div Yield 0.35%
OI Chg %
Volume 107,321

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Strong pre-sales; robust launch pipeline ahead...

About The Stock

    Brigade Enterprises (BEL) offerings include Grade-A commercial property, affordable to ultra-premium housing in real estate business and operational marquee hotel assets in hospitality segment in South India


    • BEL expects to launch ~8 msf in the residential business during FY23 (approvals already in-place for ~5.5 msf), which will aid sales volume, going ahead, along with continued traction in ongoing/completed projects
    • Going forward, the management expects majority of yet to transacted area (2.1 msf) to get leased by FY23-end. Also, the company expects to launch 2 msf towards commercial lease and for sale project during FY23

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Brigade Enterprises Ltd.

Q4FY23 Quarterly & FY23 Annual Result Announced for Brigade Enterprises Ltd.

Realty company Brigade Enterprises announced Q4FY23 & FY23 results:

  • Consolidated Q4FY23:
    • The company’s revenue is at Rs 872 crore in Q4FY23 in comparison with Rs 965 crore in Q4FY22. The real estate business continued to report positive numbers, with a sales value growth of 53% in Q4FY23.
    • Brigade’s leasing vertical revenues, growing from Rs181 crore in Q4FY22 to Rs 188 crore in Q4FY23.
    • Brigade’s Hospitality business witnessed a growth of 103% from Rs 55 crore in Q4FY22 to Rs112 crore in Q4FY23
    • Collections for Q4FY23 stood at Rs 1,463 crore in comparison to Rs 1,333 crore in Q4FY22
    • Sales value in Q4FY23 was at Rs 1,489 crore with an area of 2.4 million square feet, an increase of 53% over Q4FY22
    • EBITDA stood at Rs 232 crore in Q4FY23 as against Rs 228 crore in Q4FY22 an increase of 2%
    • PAT during the quarter under review stood at Rs 63 crore as compared to a loss of Rs 12 crore in Q4FY22.
  • Consolidated FY23:
    • Reported its highest-ever real estate sales of 6.3 million sq ft for FY23. The total value of Rs 4,109 crore against Rs 3,023 crore in FY22, an increase of 36%
    • Total collections stood at Rs 5,424 crore during FY23
    • Cash flow from operating activities for the company in FY23 stood at Rs 1,517 crore an increase of 35% from FY22
    • EBITDA stood at Rs 978 crore in FY23 as against Rs 833 crore in FY22; an increase of 17%
    • PAT for the year under review stood at Rs 222 crore, against a loss of Rs 65 crore over FY22
    • Real estate debt reduced to Rs 46 crore as on FY23 from Rs 272 crore as on FY22, a reduction of 83%.
    • The net debt-to-equity ratio is at 0.55: 1 as on March 31, 2023. The average cost of debt is 8.67%
    • The Board of Directors has recommended a final dividend of Rs 2/- per equity share (20%) of Rs 10 each for the Financial Year 2022-23.

Commenting on the results, Pavitra Shankar, Managing Director, Brigade Enterprises said, “We are happy to announce that our real estate business outperformed during the fourth quarter, enabling us to end the year with highest ever sales. Leasing and hospitality also contributed significantly to the overall growth of the company in FY 2022-23. We have a strong pipeline of ongoing projects of around 20 million sq ft and upcoming projects of 7.5 million sq ft. We are confident that we will sustain the momentum and will increase growth in the coming financial year.”


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Investment recommendation

Strong pre-sales; robust launch pipeline ahead...
Call Date
13 Feb 2023
Entry Price 485.00
Target Price 620.00
12-18 Month


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Brigade Enterprises Ltd Stocks COMPARISION


Equity Capital: 2,841.54 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 4,188.45 36,268.13
LAST 3M 15,476.00 58,854.71
LAST 6M 62,880.13 40,849.01
LAST 12M 117,744.22 88,090.28

Brigade Enterprises Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • Brigade Enterprises Limited is an Indian company engaged in the business of developing residential and commercial real estate properties. The company also provides its clients related services such as leasing and property management. It also owns a subsidiary called Brigade Hospitality Services Limited, which operates its hospitality business. The company was incorporated on 8 November 1995 as a real estate development company. As of 17 October 2022, the company’s market capitalisation stood at Rs 11,407 crore.

    The company got listed on the stock exchanges through its Initial Public Offering in December 2007. It is listed on the National Stock Exchange under the code BRIGADE and on the Bombay Stock Exchange (BSE) under the scrip 532929.

    As of 17 October 2022, Brigade Enterprises has completed the construction of more than 250 buildings spreading across 76 million square feet. The company’s projects are primarily located in Southern parts of India, including Bengaluru, Chennai, Chikmagalore, Kochi, Hyderabad, Mysuru, and Mangalore. It also has a representative office in Dubai. For the quarter that ended in June 2022, the company reported consolidated sales of Rs 902.49 crore with a net profit of Rs 87.68 crore.

    In June 2022, the shareholding pattern of the company reflected that promoters held a 43.85% stake in the company, 22.93% was invested in mutual funds, 18.71% belonged to retail investors, 13.31% was owned by foreign institutional investors, and the remaining 1.20% belonged to other domestic institutions. Top mutual funds in which the company has invested include Axis Small Cap Direct Growth Fund, L&T Infrastructure Direct Growth Fund, L&T Emerging Business Fund Direct Growth, and Baroda BNP Paribas Multi-cap Fund Direct Growth.

    The company’s management team comprises Mr P Om Prakash (Company Secretary), Mr M R Jaishankar (Executive Chairman), Mr Aroon Raman (Independent Director), Mr Bijou Kurien (Independent Director), and Mrs Lakshmi Venkatachalam (Independent Director), among others.

    On 17 October 2022, the company’s share price was Rs 489.95 at the NSE and Rs 490.00 at the BSE after the market closing. Brigade Enterprises shares have given a one-year return of 5.97%, and the company’s 52-week high share price is Rs 585.00. The top peers of the company include DLF, Godrej Properties, Phoenix Mills, and Oberoi Realty.

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

29 & 30 Flr World Trade Center, 26/1 Dr Rajajinagar, Bangalore, Karnataka, 560055

Tel : 91-80-41379200
Email : investors:brigadegroup.com
Website : http://www.brigadegroup.com

Karvy Computershare Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 532929
Book Closure Date (Month) :
BSE Group : A
ISIN : INE791I01019

FAQ’s on Brigade Enterprises Ltd Shares

You can buy Brigade Enterprises Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Brigade Enterprises Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 05, 2023 03:53 PM the closing price of Brigade Enterprises Ltd was ₹ 570.70.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Jun 05, 2023 03:53 PM, the market cap of Brigade Enterprises Ltd stood at ₹ 13,167.88.

The latest PE ratio of Brigade Enterprises Ltd as of Jun 05, 2023 03:53 PM is 48.34

The latest PB ratio of Brigade Enterprises Ltd as of Jun 05, 2023 03:53 PM is 0.25

The 52-week high of Brigade Enterprises Ltd is ₹ 585.00 while the 52-week low is ₹ 426.45

According to analyst recommendations, Brigade Enterprises Ltd has a “Buy” rating for the long term.

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