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Brigade Enterprises Ltd share Price Today

Company details

1,262.30
1,300.00
525.35
1,300.00
6M Return 69.20%
1Y Return 137.98%
Mkt Cap.(Cr) 29,335.71
Volume 253,993
Div Yield 0.16%
OI
-
OI Chg %
-
Volume 253,993

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Realty company Brigade Enterprises announced Q3FY24 results:

Consolidated Q3FY24:

  • Revenue in Q3FY24 stood at Rs 1,208 crore as against Rs 859 crore in Q3FY23; Increase of 41%
  • EBITDA stood at Rs 296 crore in Q3FY24 as against Rs 246 crore in Q3FY23; Increase of 20%
  • PAT in Q3FY24 stood at Rs 56 crore as against Rs 43 crore in Q3FY23; Increase of 31%

Real Estate  Highlights:

  • Achieved its strongest performance ever for Q3 of a Financial year with sales of 1.7 million sqft with a sale value of Rs 1,524 crore with absorption in Bengaluru and Chennai.
  • During the quarter, revenue stood at Rs 839 crore which has grown by 50% compared to Q3FY23 and EBITDA stood at Rs 73 crore for the quarter.

Leasing Highlights:

  • In Q3FY24, the Group leased 0.49 million sqft (Including hard option), achieving 95% occupancy in the overall portfolio.
  • During the quarter, revenue stood at Rs 247 crore which has grown by 24% compared to Q3FY23
  • EBITDA stood at Rs 179 crore.

Hospitality Highlights:

  • In Q3FY24, Hospitality revenues have surged by an impressive 22% to Rs 123 crore, ARR has shown a 7% increase, and occupancy has experienced a 5% rise compared to Q3FY23.
  • EBITDA Stood at Rs 45 crore.

"We have witnessed healthy growth across our business verticals. The momentum in the Residential business continues to exhibit healthy growth both in terms of pricing as well as volume and continues to look positive with a strong pipeline of launches for Q4FY24. Our Office segment recorded the best leasing quarter post-COVID and we are hopeful to finish the financial year stronger. Furthermore, our Retail business has seen good leasing traction and Hospitality has seen improvements across the board." said Pavitra Shankar, Managing Director, Brigade Enterprises.

 

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Brigade Enterprises Ltd shares SWOT Analysis

Strengths (12)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Company with high TTM EPS Growth
  • Strong Annual EPS Growth

Weakness (2)

  • MFs decreased their shareholding last quarter
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (3)

  • Results Screener: Stocks with upcoming results which are seeing positive shifts in share price
  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (2)

  • Promoter decreasing their shareholding
  • High PE (PE > 40)

Resistance and support

R1 1,300.7
R2 1,336.9
R3 1,389.4
Pivot

1,248.27

S1 1,212.1
S2 1,159.6
S3 1,123.4
EMA SMA
1,106.9
1,038.2
971.4
864.1
1,090.6
999.4
987.9
828.4
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-10-17 494.75 307223 BSE
ISHARES MSCI INDIA SMALL-CAP ETF Block Purchase 2022-10-17 494.75 48584 BSE
ISHARES CORE EMERGING MARKETS MAURITIUS CO Block Sell 2022-10-17 494.75 307223 BSE
Name Category Shares
MYSORE RAMACHANDRASETTY JAISHANKAR PROMOTER 14.96%
GITHA SHANKAR PROMOTER 12.14%
NIRUPA SHANKAR PROMOTER 6.95%
MYSORE RAMACHANDRA SETTY KRISHNAKUMAR PROMOTER 2.56%
M R SHIVRAM (HUF) PROMOTER 1.31%
M R SHIVRAM PROMOTER 1.19%
PAVITRA SHANKAR PROMOTER 0.9%
GURUMURTHY.M.R PROMOTER 0.84%
MYSORE HOLDINGS PRIVATE LIMITED PROMOTER 2.72%

OUR RESEARCH VIEW

Investment recommendation
Well placed for strong growth ahead…
Call Date
15 Mar 2024
Entry Price 869.00
Target Price 1,100.00
Duration
12 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Brigade Enterprises Ltd Stocks COMPARISON

Financials( in Cr) Brigade Enterprises Ltd DLF Ltd Godrej Properties Ltd Prestige Estates Projects Ltd Oberoi Realty Ltd
Price 1,269.40 841.10 2,704.45 1,644.05 1,770.30
% Change 0.38 -0.70 -3.92 -0.87 -1
Mcap Cr 29,335.71 208,198.49 75,194.80 65,903.72 64,368.46
Revenue TTM Cr 3,444.61 5,694.83 2,252.26 8,315.00 4,192.58
Net Profit TTM Cr 222.17 1,100.92 620.60 1,066.80 1,904.55
PE TTM 94.19 76.89 107.86 39.37 33.76
1 Year Return 137.98 79.78 101.04 231.36 91.25
ROCE 8.16 4.51 5.64 10.43 16.00
ROE 6.36 2.97 5.80 8.57 16.83
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 3,112.15 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 39,612.39 -26,051.38
LAST 3M 102,786.44 -35,737.56
LAST 6M 169,824.52 46,518.61
LAST 12M 263,183.06 125,165.94

Brigade Enterprises Ltd Information

Stock PE (TTM)
94.19
Promoter Holding
43.72%
Book Value
146.0045
ROCE
8.16%
ROE
6.36%
Description
  • 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; emquiry:brigadegroup.c
Website : http://www.brigadegroup.com
Registrar

Karvy Computershare Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 532929
NSE Code : BRIGADE
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 May 24, 2024 10:04 AM the closing price of Brigade Enterprises Ltd was Rs.1,269.40.

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 May 24, 2024 10:04 AM, the market cap of Brigade Enterprises Ltd stood at Rs. 29,335.71.

The latest PE ratio of Brigade Enterprises Ltd as of May 24, 2024 10:04 AM is 94.19

The latest PB ratio of Brigade Enterprises Ltd as of May 24, 2024 10:04 AM is 0.12

The 52-week high of Brigade Enterprises Ltd share price is Rs. 1,300.00 while the 52-week low is Rs. 525.35

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

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