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5329

Brigade Enterprises BSE:532929 Stock Report

Last Price

₹436.55

Market Cap

₹100.6b

7D

-1.1%

1Y

52.2%

Updated

25 Jun, 2022

Data

Company Financials +
532929 fundamental analysis
Snowflake Score
Valuation2/6
Future Growth4/6
Past Performance1/6
Financial Health3/6
Dividends3/6

532929 Stock Overview

Brigade Enterprises Limited provides real estate development, leasing, and hospitality and related services in India.

Brigade Enterprises Competitors

 

 

 

 

 

 

 

 

 

 

 

 

Price History & Performance

Summary of all time highs, changes and price drops for Brigade Enterprises
Historical stock prices
Current Share Price₹436.55
52 Week High₹554.25
52 Week Low₹272.50
Beta0.82
1 Month Change-1.11%
3 Month Change-15.30%
1 Year Change52.24%
3 Year Change152.49%
5 Year Change152.58%
Change since IPO65.40%

Recent News & Updates

Shareholder Returns

532929IN Real EstateIN Market
7D-1.1%0.8%2.3%
1Y52.2%20.2%-0.9%

Return vs Industry: 532929 exceeded the Indian Real Estate industry which returned 20.2% over the past year.

Return vs Market: 532929 exceeded the Indian Market which returned -0.9% over the past year.

Price Volatility

Is 532929's price volatile compared to industry and market?
532929 volatility
532929 Average Weekly Movement4.4%
Real Estate Industry Average Movement7.4%
Market Average Movement6.9%
10% most volatile stocks in IN Market9.9%
10% least volatile stocks in IN Market4.5%

Stable Share Price: 532929 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: 532929's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19861,690Mysore Jaishankarhttps://www.brigadegroup.com

Brigade Enterprises Limited provides real estate development, leasing, and hospitality and related services in India. The company operates through three segments: Real Estate, Hospitality, and Leasing. The Real Estate segment develops and sells various residential and commercial properties.

Brigade Enterprises Fundamentals Summary

How do Brigade Enterprises's earnings and revenue compare to its market cap?
532929 fundamental statistics
Market Cap₹100.59b
Earnings (TTM)₹827.70m
Revenue (TTM)₹29.99b

121.5x

P/E Ratio

3.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
532929 income statement (TTM)
Revenue₹29.99b
Cost of Revenue₹16.15b
Gross Profit₹13.84b
Other Expenses₹13.01b
Earnings₹827.70m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)3.59
Gross Margin46.15%
Net Profit Margin2.76%
Debt/Equity Ratio167.9%

How did 532929 perform over the long term?

See historical performance and comparison

Dividends

0.3%

Current Dividend Yield

41%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is 532929 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 532929?

Other financial metrics that can be useful for relative valuation.

532929 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue4.5x
Enterprise Value/EBITDA17.7x
PEG Ratio2.6x

Price to Earnings Ratio vs Peers

How does 532929's PE Ratio compare to its peers?

532929 PE Ratio vs Peers
The above table shows the PE ratio for 532929 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average108.6x

Price-To-Earnings vs Peers: 532929 is expensive based on its Price-To-Earnings Ratio (121.5x) compared to the peer average (108.6x).


Price to Earnings Ratio vs Industry

How does 532929's PE Ratio compare vs other companies in the Indian Real Estate Industry?

Price-To-Earnings vs Industry: 532929 is expensive based on its Price-To-Earnings Ratio (121.5x) compared to the Indian Real Estate industry average (26.3x)


Price to Earnings Ratio vs Fair Ratio

What is 532929's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

532929 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio121.5x
Fair PE Ratio52.3x

Price-To-Earnings vs Fair Ratio: 532929 is expensive based on its Price-To-Earnings Ratio (121.5x) compared to the estimated Fair Price-To-Earnings Ratio (52.3x).


Share Price vs Fair Value

What is the Fair Price of 532929 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 532929 (₹436.55) is trading below our estimate of fair value (₹800.69)

Significantly Below Fair Value: 532929 is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: 532929 is poor value based on its PEG Ratio (2.6x)


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Future Growth

How is Brigade Enterprises forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


47.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 532929's forecast earnings growth (47.1% per year) is above the savings rate (6.7%).

Earnings vs Market: 532929's earnings (47.1% per year) are forecast to grow faster than the Indian market (17.4% per year).

High Growth Earnings: 532929's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 532929's revenue (13.9% per year) is forecast to grow faster than the Indian market (11.5% per year).

High Growth Revenue: 532929's revenue (13.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 532929's Return on Equity is forecast to be low in 3 years time (15.8%).


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Past Performance

How has Brigade Enterprises performed over the past 5 years?

Past Performance Score

1/6

Past Performance Score 1/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-33.2%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 532929 has a large one-off loss of ₹566.6M impacting its March 31 2022 financial results.

Growing Profit Margin: 532929 became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: 532929's earnings have declined by 33.2% per year over the past 5 years.

Accelerating Growth: 532929 has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: 532929 has become profitable in the last year, making it difficult to compare its past year earnings growth to the Real Estate industry (34.1%).


Return on Equity

High ROE: 532929's Return on Equity (-2.3%) is considered low.


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Financial Health

How is Brigade Enterprises's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 532929's short term assets (₹85.2B) exceed its short term liabilities (₹75.9B).

Long Term Liabilities: 532929's short term assets (₹85.2B) exceed its long term liabilities (₹46.9B).


Debt to Equity History and Analysis

Debt Level: 532929's net debt to equity ratio (119.1%) is considered high.

Reducing Debt: 532929's debt to equity ratio has increased from 133.6% to 167.9% over the past 5 years.

Debt Coverage: 532929's debt is well covered by operating cash flow (21.4%).

Interest Coverage: 532929's interest payments on its debt are not well covered by EBIT (0.9x coverage).


Balance Sheet


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Dividend

What is Brigade Enterprises's current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


0.34%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: 532929's dividend (0.34%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.43%).

High Dividend: 532929's dividend (0.34%) is low compared to the top 25% of dividend payers in the Indian market (1.89%).


Stability and Growth of Payments

Stable Dividend: 532929's dividend payments have been volatile in the past 10 years.

Growing Dividend: 532929's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (40.9%), 532929's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (4.2%), 532929's dividend payments are thoroughly covered by cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

4.1yrs

Average board tenure


CEO

Mysore Jaishankar (67 yo)

10.17yrs

Tenure

₹48,400,000

Compensation

Mr. Mysore Ramachandrasetty Jaishankar has been the Chairman and Managing Director of Brigade Enterprises Limited since April 01, 2012. Mr. Jaishankar has 21 years of experience in real estate industry. He...


CEO Compensation Analysis

Compensation vs Market: Mysore's total compensation ($USD618.37K) is above average for companies of similar size in the Indian market ($USD461.37K).

Compensation vs Earnings: Mysore's compensation has been consistent with company performance over the past year.


Board Members

Experienced Board: 532929's board of directors are considered experienced (4.1 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 9.2%.


Top Shareholders

Company Information

Brigade Enterprises Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Brigade Enterprises Limited
  • Ticker: 532929
  • Exchange: BSE
  • Founded: 1986
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Implied Market Cap: ₹100.592b
  • Shares outstanding: 230.42m
  • Website: https://www.brigadegroup.com

Number of Employees


Location

  • Brigade Enterprises Limited
  • World Trade Center
  • 29th & 30th Floors
  • Bengaluru
  • Karnataka
  • 560055
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/25 00:00
End of Day Share Price2022/06/24 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.