GODREJ PROPERTIES LIMITED Financials Godrej Properties Limited
Equities
GODREJPROP
INE484J01027
Real Estate Development & Operations
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 2,635 INR | +2.47% |
|
+5.35% | +30.87% |
| Apr. 12 | Godrej Properties Aims at Pre-Sales Bookings of INR250 Billion in FY25 | MT |
| Apr. 10 | Jefferies Adjusts Godrej Properties’ Price Target to INR3,175 From INR2,700, Keeps at Buy | MT |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 186,475 | 152,033 | 390,996 | 464,852 | 286,654 | 732,584 | - | - |
| Enterprise Value (EV) 1 | 204,256 | 179,064 | 429,395 | 503,165 | 330,612 | 792,135 | 797,905 | 805,088 |
| P/E ratio | 72.9 x | 55.7 x | -188 x | 132 x | 50.2 x | 98.2 x | 71 x | 49.8 x |
| Yield | - | - | - | - | - | - | - | - |
| Capitalization / Revenue | 6.62 x | 6.23 x | 51.1 x | 25.5 x | 12.7 x | 27.9 x | 17.9 x | 13.8 x |
| EV / Revenue | 7.25 x | 7.33 x | 56.1 x | 27.6 x | 14.7 x | 30.1 x | 19.5 x | 15.2 x |
| EV / EBITDA | 115 x | 51.5 x | -129 x | 378 x | 134 x | 1,205 x | 104 x | 73.3 x |
| EV / FCF | 506 x | -611 x | -53.7 x | -84.1 x | - | -23.7 x | -199 x | -2,848 x |
| FCF Yield | 0.2% | -0.16% | -1.86% | -1.19% | - | -4.23% | -0.5% | -0.04% |
| Price to Book | 7.48 x | 3.21 x | 4.7 x | 5.36 x | - | 7.25 x | 6.47 x | 5.87 x |
| Nbr of stocks (in thousands) | 229,324 | 252,024 | 277,943 | 277,988 | 278,021 | 278,041 | - | - |
| Reference price 2 | 813.2 | 603.2 | 1,407 | 1,672 | 1,031 | 2,635 | 2,635 | 2,635 |
| Announcement Date | 4/30/19 | 5/11/20 | 5/3/21 | 5/3/22 | 5/3/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: März | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 28,174 | 24,414 | 7,649 | 18,249 | 22,523 | 26,293 | 40,975 | 53,058 |
| EBITDA 1 | 1,780 | 3,474 | -3,334 | 1,332 | 2,476 | 657.1 | 7,674 | 10,988 |
| EBIT 1 | 1,637 | 3,269 | -3,529 | 1,117 | 2,235 | 843 | 8,777 | 10,170 |
| Operating Margin | 5.81% | 13.39% | -46.14% | 6.12% | 9.92% | 3.21% | 21.42% | 19.17% |
| Earnings before Tax (EBT) 1 | 3,482 | 4,909 | 304.1 | 7,051 | 8,360 | 9,496 | 13,626 | 17,174 |
| Net income 1 | 2,532 | 2,672 | -1,894 | 3,524 | 5,714 | 7,142 | 9,831 | 14,737 |
| Net margin | 8.99% | 10.94% | -24.76% | 19.31% | 25.37% | 27.16% | 23.99% | 27.78% |
| EPS 2 | 11.15 | 10.84 | -7.480 | 12.67 | 20.55 | 26.82 | 37.11 | 52.86 |
| Free Cash Flow 1 | 403.7 | -293.1 | -7,995 | -5,981 | - | -33,488 | -4,013 | -282.7 |
| FCF margin | 1.43% | -1.2% | -104.52% | -32.77% | - | -127.36% | -9.79% | -0.53% |
| FCF Conversion (EBITDA) | 22.67% | - | - | - | - | - | - | - |
| FCF Conversion (Net income) | 15.95% | - | - | - | - | - | - | - |
| Dividend per Share 2 | - | - | - | - | - | - | - | - |
| Announcement Date | 4/30/19 | 5/11/20 | 5/3/21 | 5/3/22 | 5/3/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 | 2025 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,705 | 4,326 | 861.6 | 1,293 | 2,788 | 13,306 | 2,447 | 1,651 | 1,962 | 16,463 | 9,361 | 3,456 | 3,023 | 8,705 | - |
| EBITDA 1 | -545.4 | -1,561 | -635.3 | -561.7 | -51.2 | 2,580 | -141.9 | -674 | -167.9 | 3,460 | -1,492 | -891 | -180 | 1,583 | - |
| EBIT 1 | -595.4 | -1,614 | -686.1 | -614.1 | -105.8 | 2,523 | -196.6 | -730.1 | -232.7 | 3,394 | -1,561 | -1,470 | -320 | 282 | - |
| Operating Margin | -34.92% | -37.3% | -79.63% | -47.49% | -3.8% | 18.96% | -8.04% | -44.22% | -11.86% | 20.62% | -16.68% | -42.53% | -10.59% | 3.24% | - |
| Earnings before Tax (EBT) 1 | 363.8 | -586.9 | 655.1 | 1,024 | 1,359 | 4,012 | 1,276 | 905.3 | 1,394 | 4,784 | 1,929 | 551 | 1,298 | 3,110 | - |
| Net income 1 | 143.5 | -1,916 | 170.1 | 357.2 | 389.5 | 2,605 | 455.5 | 549.6 | 587.4 | 4,121 | 1,249 | 1,006 | 849.7 | 3,602 | - |
| Net margin | 8.42% | -44.29% | 19.74% | 27.62% | 13.97% | 19.57% | 18.62% | 33.29% | 29.93% | 25.03% | 13.35% | 29.09% | 28.11% | 41.38% | - |
| EPS 2 | 0.5700 | -7.470 | 0.6100 | 1.280 | 1.400 | 9.370 | 1.640 | 1.980 | 2.110 | 14.82 | 4.590 | 5.485 | 7.245 | 8.687 | 6.700 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/4/21 | 5/3/21 | 8/3/21 | 11/2/21 | 2/3/22 | 5/3/22 | 8/2/22 | 11/9/22 | 2/2/23 | 5/3/23 | 8/2/23 | - | - | - | - |
1INR in Million2INR
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 17,781 | 27,031 | 38,399 | 38,313 | 43,958 | 59,551 | 65,322 | 72,504 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 9.987 x | 7.78 x | -11.52 x | 28.77 x | 17.75 x | 90.63 x | 8.512 x | 6.599 x |
| Free Cash Flow 1 | 404 | -293 | -7,995 | -5,981 | - | -33,488 | -4,013 | -283 |
| ROE (net income / shareholders' equity) | 13.8% | 7.35% | -2.89% | 4.15% | - | 7.58% | 9.35% | 11.1% |
| ROA (Net income/ Total Assets) | 3.09% | 2.94% | -1.44% | 2.07% | - | 4.57% | 4.77% | 4.8% |
| Assets 1 | 81,820 | 90,993 | 131,686 | 170,244 | - | 156,311 | 206,322 | 307,023 |
| Book Value Per Share 2 | 109.0 | 188.0 | 299.0 | 312.0 | - | 363.0 | 407.0 | 449.0 |
| Cash Flow per Share | 21.10 | -9.320 | -24.10 | -16.20 | - | - | 33.10 | 30.30 |
| Capex 1 | 744 | 633 | 1,283 | 1,464 | - | 1,159 | 1,116 | 1,196 |
| Capex / Sales | 2.64% | 2.59% | 16.78% | 8.02% | - | 4.41% | 2.72% | 2.25% |
| Announcement Date | 4/30/19 | 5/11/20 | 5/3/21 | 5/3/22 | 5/3/23 | - | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
19
Last Close Price
2,635
INR
Average target price
2,168
INR
Spread / Average Target
-17.73%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +30.87% | 8.78B | |
| +36.16% | 27.94B | |
| -13.74% | 26.97B | |
| +25.00% | 26.95B | |
| -0.71% | 25.32B | |
| +44.49% | 22.58B | |
| +2.78% | 19.59B | |
| +1.45% | 19.52B | |
| +28.54% | 16.23B | |
| -14.80% | 14.98B |
- Stock Market
- Equities
- GODREJPROP Stock
- Financials Godrej Properties Limited
