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Godrej Properties Ltd share Price Today

Company details

2,523.15
2,581.85
1,276.75
2,791.80
6M Return 57.73%
1Y Return 100.35%
Mkt Cap.(Cr) 71,494.07
Volume 391,604
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 391,604

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Realty company Godrej Properties announced Q3FY24 & 9MFY24 results:

Consolidated Q3FY24 vs Q3FY23:

  • Total Income grew by 43% to Rs 524 crore compared to Rs 366 crore.
  • EBITDA was Rs 152 crore compared to Rs 153 crore.
  • Net Profit grew by 6% to Rs 62 crore compared to Rs 59 crore.
  • EPS amounted to Rs 2.24 compared to Rs 2.11.

Consolidated 9MFY24 vs 9MFY23:

  • Total Income grew by 126% to Rs 2,410 crore compared to Rs 1,068 crore.
  • EBITDA grew by 51% to Rs 548 crore compared to Rs 364 crore.
  • Net Profit grew by 60% to Rs 254 crore compared to Rs 159 crore.

Sales Highlights:

  • Q3FY24 marked GPL’s highest-ever quarterly sales for the second quarter in a row, witnessing a total booking value of Rs 5,720 crore with 4.34 million sq. ft. of area sold.
  • Booking value in 9M FY24 amounted to 106% of the booking value for the entire FY23, which was GPL's previous best year.
  • Godrej Aristocrat, Gurugram, was GPL’s most successful ever launch, achieving a booking value of Rs 2,667 crore.
  • Godrej Ananda, Bengaluru, achieved a booking value of Rs 574 crore.
  • Godrej Avenue 11, MMR, launched in September 2023, achieved a booking value of Rs 687 crore within 4 months of launch.
  • 8 new projects/phases were launched during the quarter across 5 cities.

Business Development:

  • Added 1 group housing project in Bengaluru with an estimated booking value of Rs 1,250 crore, taking the 9M FY24 count to 6 additions with an estimated booking value of Rs 8,425 crore.

Other Highlights:

  • Collections and Net Operating Cash flow grew by 43% to Rs 2,411 crore and 45% to Rs 798 crore, respectively, in Q3 FY24.

Commenting on the performance of Q3FY24, Pirojsha Godrej, Executive Chairperson, Godrej Properties, said: “The residential real estate sector in India has been strong over the past three 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 in previous years at favourable terms provides us the opportunity to exponentially scale our business in the years ahead. Our topmost priority is bringing these new projects to market in the upcoming quarters.

We saw strong demand continue for new launches this quarter and we are delighted with the response to our project, Godrej Aristocrat in Gurugram which received bookings of more than Rs 2,600 crore within the quarter making it GPL’s most successful ever launch. We will significantly exceed our bookings guidance of Rs 14,000 crore for FY24 and we are confident of also delivering our best ever year in terms of cash collections and project deliveries.”

Result PDF

View Other Company Results

Godrej Properties Ltd shares SWOT Analysis

Strengths (8)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year

Weakness (3)

  • Declining Revenue every quarter for the past 3 quarters
  • Declining profits every quarter for the past 3 quarters
  • Low Piotroski Score : Companies with weak financials

Opportunity (2)

  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (2)

  • Companies with growing costs YoY for long term projects
  • High PE (PE > 40)

Resistance and support

R1 2,594.4
R2 2,617.5
R3 2,653.1
Pivot

2,558.78

S1 2,535.7
S2 2,500.1
S3 2,477.0
EMA SMA
2,506.2
2,407.9
2,263.0
2,034.6
2,506.5
2,401.4
2,268.3
1,964.4
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
C WORLDWIDE ASIA Block Purchase 2022-12-13 1299 365152 BSE
C WORLDWIDE Block Sell 2022-12-13 1299 365152 BSE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-11-14 1292.8 150492 NSE
Name Category Shares
Godrej Industries Limited PROMOTER 47.34%
Godrej & Boyce Mfg. Co. Ltd PROMOTER 3.83%
Innovia Multiventures Private Limited PROMOTER 2.68%
Rishad Kaikhushru Naoroji & others (Partners of RKN enterprises) PROMOTER 1.43%
Jamshyd Godrej, Pheroza Godrej and Navroze Godrej (Trustees of Navroze Lineage Trust) PROMOTER 0.75%
Jamshyd Godrej, Pheroza Godrej and Navroze Godrej (Trustees of Raika Lineage Trust) PROMOTER 0.69%
Smita Godrej Crishna, Freyan Crishna Bieri and Nyrika Holkar (Trustees of NVC Family Trust) PROMOTER 0.69%
Smita Godrej Crishna,Freyan Crishna Bieri and Nyrika Holkar (Trustees of FVC Family Trust) PROMOTER 0.69%

FINANCIALS

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

Godrej Properties Ltd Stocks COMPARISON

Financials( in Cr) Godrej Properties Ltd DLF Ltd Phoenix Mills Ltd Oberoi Realty Ltd Prestige Estates Projects Ltd
Price 2,571.35 893.80 3,162.85 1,474.20 1,310.90
% Change 0.78 0.03 -0.84 0.93 -0.01
Mcap Cr 71,494.07 221,243.39 56,519.18 53,602.21 52,549.00
Revenue TTM Cr 2,252.26 5,694.83 2,638.35 4,192.58 8,315.00
Net Profit TTM Cr 620.60 1,100.92 1,472.50 1,904.55 1,066.80
PE TTM 107.25 93.18 57.54 33.06 31.02
1 Year Return 100.35 117.39 132.67 67.97 181.73
ROCE 5.64 4.51 11.89 16.00 10.43
ROE 5.80 2.97 12.60 16.83 8.57
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 9,264.20 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 20,210.21 -2,288.40
LAST 3M 84,754.55 29,178.29
LAST 6M 143,739.62 78,000.86
LAST 12M 219,616.53 194,185.36
Godrej Properties to hold board meeting

Apr 24, 2024 l BSE Announcement

Godrej Properties Limited - Analysts/Institutional Investor Meet/Con. Call Updates

Apr 24, 2024 l NSE Announcement

Godrej Properties Limited - Trading Window

Apr 19, 2024 l NSE Announcement

Date Action Type Ratio
No data found

Godrej Properties Ltd Information

Stock PE (TTM)
107.25
Promoter Holding
58.48%
Book Value
340.1906
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 Apr 25, 2024 04:03 PM the closing price of Godrej Properties Ltd was ₹ 2,571.35.

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 Apr 25, 2024 04:03 PM, the market cap of Godrej Properties Ltd stood at ₹ 71,494.07.

The latest PE ratio of Godrej Properties Ltd as of Apr 25, 2024 04:03 PM is 107.25

The latest PB ratio of Godrej Properties Ltd as of Apr 25, 2024 04:03 PM is 0.13

The 52-week high of Godrej Properties Ltd share price is ₹ 2,791.80 while the 52-week low is ₹ 1,276.75

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