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BRIG

Brigade EnterprisesNSEI:BRIGADE Stock Report

Market Cap

₹107.4b

7D

5.3%

1Y

167.7%

Updated

26 Oct, 2021

Data

Company Financials +
BRIGADE fundamental analysis
Snowflake Score
Valuation1/6
Future Growth4/6
Past Performance0/6
Financial Health2/6
Dividends2/6

BRIGADE Overview

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

Brigade Enterprises Competitors

DLF

NSEI:DLF

₹1.0t

Phoenix Mills

BSE:503100

₹164.4b

Sunteck Realty

BSE:512179

₹65.6b

Godrej Properties

NSEI:GODREJPROP

₹649.4b

Price History & Performance

Summary of all time highs, changes and price drops for Brigade Enterprises
Historical stock prices
Current Share Price₹465.70
52 Week High₹170.45
52 Week Low₹496.90
Beta0.91
1 Month Change11.12%
3 Month Change42.70%
1 Year Change167.72%
3 Year Change336.59%
5 Year Change287.87%
Change since IPO269.90%

Recent News & Updates

Sep 10
Estimating The Fair Value Of Brigade Enterprises Limited (NSE:BRIGADE)

Estimating The Fair Value Of Brigade Enterprises Limited (NSE:BRIGADE)

How far off is Brigade Enterprises Limited ( NSE:BRIGADE ) from its intrinsic value? Using the most recent financial...

Shareholder Returns

BRIGADEIN Real EstateIN Market
7D5.3%-7.9%-4.6%
1Y167.7%124.0%61.7%

Return vs Industry: BRIGADE exceeded the Indian Real Estate industry which returned 124% over the past year.

Return vs Market: BRIGADE exceeded the Indian Market which returned 61.7% over the past year.

Price Volatility

Is BRIGADE's price volatile compared to industry and market?
BRIGADE volatility
BRIGADE Beta0.91
Industry Beta0.94
Market Beta1

Stable Share Price: BRIGADE is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: BRIGADE's weekly volatility (7%) 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?
BRIGADE fundamental statistics
Market Cap₹107.41b
Earnings (TTM)-₹337.20m
Revenue (TTM)₹21.29b

5.0x

P/S Ratio

-318.5x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BRIGADE income statement (TTM)
Revenue₹21.29b
Cost of Revenue₹11.85b
Gross Profit₹9.45b
Expenses₹9.78b
Earnings-₹337.20m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)-1.47
Gross Margin44.36%
Net Profit Margin-1.58%
Debt/Equity Ratio203.2%

How did BRIGADE perform over the long term?

See historical performance and comparison

Dividends

0.3%

Current Dividend Yield

-74%

Payout Ratio

Valuation

Is Brigade Enterprises undervalued compared to its fair value and its price relative to the market?

12.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: BRIGADE (₹465.7) is trading below our estimate of fair value (₹530.97)

Significantly Below Fair Value: BRIGADE is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: BRIGADE is unprofitable, so we can't compare its PE Ratio to the Indian Real Estate industry average.

PE vs Market: BRIGADE is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate BRIGADE's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: BRIGADE is overvalued based on its PB Ratio (4.6x) compared to the IN Real Estate industry average (1.1x).


Future Growth

How is Brigade Enterprises forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

94.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BRIGADE is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (6.7%).

Earnings vs Market: BRIGADE is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: BRIGADE's is expected to become profitable in the next 3 years.

Revenue vs Market: BRIGADE's revenue (19% per year) is forecast to grow faster than the Indian market (12.8% per year).

High Growth Revenue: BRIGADE's revenue (19% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BRIGADE's Return on Equity is forecast to be low in 3 years time (10.1%).


Past Performance

How has Brigade Enterprises performed over the past 5 years?

-24.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BRIGADE is currently unprofitable.

Growing Profit Margin: BRIGADE is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: BRIGADE is unprofitable, and losses have increased over the past 5 years at a rate of 24.3% per year.

Accelerating Growth: Unable to compare BRIGADE's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: BRIGADE is unprofitable, making it difficult to compare its past year earnings growth to the Real Estate industry (-7.4%).


Return on Equity

High ROE: BRIGADE has a negative Return on Equity (-4.81%), as it is currently unprofitable.


Financial Health

How is Brigade Enterprises's financial position?


Financial Position Analysis

Short Term Liabilities: BRIGADE's short term assets (₹74.1B) exceed its short term liabilities (₹71.4B).

Long Term Liabilities: BRIGADE's short term assets (₹74.1B) exceed its long term liabilities (₹42.2B).


Debt to Equity History and Analysis

Debt Level: BRIGADE's debt to equity ratio (203.2%) is considered high.

Reducing Debt: BRIGADE's debt to equity ratio has increased from 162.7% to 203.2% over the past 5 years.

Debt Coverage: BRIGADE's debt is not well covered by operating cash flow (17.5%).

Interest Coverage: BRIGADE's interest payments on its debt are not well covered by EBIT (0.8x coverage).


Balance Sheet


Dividend

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

0.26%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BRIGADE's dividend (0.26%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.35%).

High Dividend: BRIGADE's dividend (0.26%) is low compared to the top 25% of dividend payers in the Indian market (1.42%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: BRIGADE is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: BRIGADE's dividends in 3 years are forecast to be well covered by earnings (16.7% payout ratio).


Next Steps

Management

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

3.4yrs

Average board tenure


CEO

Mysore Jaishankar (67 yo)

9.5yrs

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 ($USD645.03K) is above average for companies of similar size in the Indian market ($USD424.78K).

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


Board Members

Experienced Board: BRIGADE's board of directors are considered experienced (3.4 years average tenure).


Ownership

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


Insider Trading Volume

Insider Buying: BRIGADE insiders have sold more shares than they have bought 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 10.4%.


Top Shareholders

Company Information

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


Key Information

  • Name: Brigade Enterprises Limited
  • Ticker: BRIGADE
  • Exchange: NSEI
  • Founded: 1986
  • Industry: Diversified Real Estate Activities
  • Sector: Real Estate
  • Market Cap: ₹107.408b
  • Shares outstanding: 229.85m
  • 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 Analysis2021/10/26 16:23
End of Day Share Price2021/10/26 00:00
Earnings2021/06/30
Annual Earnings2021/03/31


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.