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Godrej Properties Ltd share Price Today

Company details

1,903.40
1,955.00
1,005.00
1,955.00
6M Return 33.44%
1Y Return 47.16%
Mkt Cap.(Cr) 53,665.89
Volume 430,579
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 430,579

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Realty company Godrej Properties announced Q2FY24 & H1FY24 results:

  • Consolidated Q2FY24:
    • Total Income grew by 75% to Rs 571 crore as compared to Rs 327 crore
    • EBITDA grew by 76% to Rs 167 crore as compared to Rs 94 crore
    • Net Profit grew by 22% to Rs 67 crore as compared to Rs 55 crore
    • EPS amounted to Rs 2.40 as compared to Rs 1.98
  • Consolidated H1FY24:
    • Total Income grew by 169% to Rs 1,886 crore as compared to Rs 702 crore
    • EBITDA grew by 88% to Rs 396 crore as compared to Rs 210 crore
    • Net Profit grew by 91% to Rs 192 crore as compared to Rs 101 crore
    • EPS amounted to Rs 6.90 as compared to Rs 3.62
  • Q2FY24 was GPL’s highest-ever quarterly sales witnessing a total booking value of Rs 5,034 crore with 5.24 million sq. ft. of area sold during the quarter.
  • Godrej Tropical Isle, Noida was GPL’s most successful ever launch achieving a booking value of Rs 2,016 crore from 1.51 million sq. ft. of area sold
  • Godrej Parkland Estate, Kurukshetra was GPL’s most successful plotted launch achieving a booking value of Rs 628 crores from 1.39 million sq. ft. of area sold.
  • 7 new projects/phases were launched during the quarter
  • Collections grew by 23% to Rs 2,378 crore in Q2FY24, leading to net operating cash flow of Rs 811 crore in Q2FY24
  • Delivered ~1.55 million sq. ft. across 2 markets in Q2FY24
  • GPL received 37 awards in Q2FY24

Commenting on the performance of Q2FY24, Pirojsha Godrej, Executive Chairperson, Godrej Properties, said, “The residential real estate sector in India has been very strong and resilient over the past two years and we believe the real estate cycle will continue to strengthen over the next few years. The significant levels of business development we have executed over the past several years provide us the opportunity to maximize the growth opportunities available in the market and our topmost priority is bringing these projects to market in the upcoming quarters.

We saw strong demand for our new launches this quarter and we are delighted with the response to our project, Godrej Tropical Isle in Noida which received bookings of more than Rs 2,000 crore within the quarter making it GPL’s most successful ever launch. We remain on track to exceed our bookings target of Rs 14,000 crore in FY24 and are confident of also delivering our best-cash collections and project deliveries.”

 

Result PDF

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FINANCIALS

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Godrej Properties Ltd Stocks COMPARISION

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 9,264.20 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 21,819.21 39,849.27
LAST 3M 59,182.99 17,912.96
LAST 6M 101,166.54 92,564.27
LAST 12M 166,925.45 138,096.90

Godrej Properties Ltd Information

Stock PE (TTM)
80.96
Promoter Holding
58.48%
Book Value
340.2056
ROCE
5.64%
ROE
5.8%
Description
  • Godrej Properties Limited, a subsidiary of Godrej Industries Ltd., is one of the leading real estate companies in the country with its headquarters in Mumbai. The company was established in 1990 under the leadership of Adi Godrej. As of April 1, 2022, the company has a market capitalisation of Rs. 47,040 crore. At present, the company is in the process of deploying projects that are estimated to cover more than 89.7 million sqft. In the quarter ended December 2021, it touched a revenue of Rs. 278 crore with an EBIDTA of -10.58. Godrej Properties Limited is registered on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) under number 533150 and scrip code GODREJPROP, respectively.

    Godrej Properties brings innovation, excellence, and sustainability to the real estate sector. The properties around the country involve a legacy of 123 years of trust and commitment to new-age design and the use of technology. Some of the flagship projects of the company are Planet Godrej, The Trees, and Godrej BKC to name a few. In 2010, Godrej Properties released its IPO and raised around 100 million rupees. As per the company, it is the only national real estate developer with a strong presence from north to south and west to east of India. In 2016, Godrej Properties was India’s biggest real estate giant with a sale value of Rs. 5,000 crore. In the past few years, the company has bagged around 200 awards from different platforms for its outstanding contribution to the field of Indian real estate. The Godrej properties shareholding pattern is 58.43% for the promoters, foreign institutions with 29.85%, and retail with 8.95%.

    As of December 2021, the company has an annual revenue of Rs.278 crore with an EBIDTA of -10.58. In the same year, the annual net profit of the organisation was Rs.38 crore, with a margin of 13.97%. The current Godrej Properties stock price is Rs. 1681.75 as of April 4 with a low of 1658.30 and a high of 1715.15. The Godrej prop share price as of today shows a return of 20.70% in one year and 87.28% in three years. The top mutual funds invested in Godrej Properties are SBI Magnum Midcap, SBI Blue Chip Direct-Growth, and L&T Focussed Equity Fund.  

    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): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment 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. 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

Godrej One 5th Floor, Pirejshangar Vikhroli(East), Mumbai, Maharashtra, 400079

Tel : 91-022-61698500
Email : secretarial:godrejproperties.com
Website : http://www.godrejproperties.com
Registrar

KFin Techologies Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 533150
NSE Code : GODREJPROP
Book Closure Date (Month) :
BSE Group : A
ISIN : INE484J01027

FAQ’s on Godrej Properties Ltd Shares

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

Company share prices and volatile and keep changing according to the market conditions. As of Dec 08, 2023 03:59 PM the closing price of Godrej Properties Ltd was ₹ 1,930.15.

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 Dec 08, 2023 03:59 PM, the market cap of Godrej Properties Ltd stood at ₹ 53,665.89.

The latest PE ratio of Godrej Properties Ltd as of Dec 08, 2023 03:59 PM is 80.96

The latest PB ratio of Godrej Properties Ltd as of Dec 08, 2023 03:59 PM is 0.18

The 52-week high of Godrej Properties Ltd is ₹ 1,955.00 while the 52-week low is ₹ 1,005.00

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