Brigade Enterprises Ltd logo

Brigade Enterprises Ltd

BRIGADE NSE

Brigade Enterprises Ltd was established in 1986. It is a real estate developer in South India, based in Bengaluru, and expanding its area of operations in other parts of India. It has completed over 250 buildings aggregating to over 70 mn. sqft of developed space in residential, offices, retail, and hospitality sectors across Bengaluru and Mysuru, Chennai, Ahmedabad, Hyderabad, Kochi [1] [2] [3]

AI Verdict: BUY Confidence: 7%

Brigade Enterprises enjoys strong analyst consensus with 93% buy ratings, backed by exceptional 5-year profit CAGR of 89% and robust sales growth of 24% over 5 years. However, the recent 36% stock correction and moderating profitability in TTM warrant caution, making this a high-conviction buy only for investors with a 2-3 year horizon.

Key Fundamentals

SmallcapResidential Commercial ProjectsRealty
Market Cap
₹17,426 Cr
Volatility
Moderate
P/E Ratio
26.58
EBITDA
₹1,414 Cr
Return on Equity
11.27%
Debt to Equity
1.2
Book Value
₹208.85
EPS
₹21.49
52W High
₹881.25
52W Low
₹450.75

Technical Indicators

Key Insights

Strengths

1
  • Company has delivered good profit growth of 88.9% CAGR over last 5 years

Weaknesses

3
  • Stock is trading at 2.60 times its book value
  • Company has a low return on equity of 12.6% over last 3 years.
  • Company might be capitalizing the interest cost

Growth Rate

Revenue Growth
7.22% ↗
Net Income Growth
-34.23% ↘
Cash Flow Change
198.01% ↗
ROE
2.04% ↗
ROCE
6.68% ↗
EBITDA Margin (Avg.)
-23.14% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
BUY
Risk high

Brigade Enterprises enjoys strong analyst consensus with 93% buy ratings, backed by exceptional 5-year profit CAGR of 89% and robust sales growth of 24% over 5 years. However, the recent 36% stock correction and moderating profitability in TTM warrant caution, making this a high-conviction buy only for investors with a 2-3 year horizon.

Bull Case 8
  • Overwhelming analyst consensus with 92.86% buy ratings (13 out of 14 analysts recommend buy)
  • Exceptional compounded profit growth of 89% CAGR over 5 years, demonstrating strong earnings scalability
  • Compounded sales growth of 24% over 5 years indicates sustained top-line momentum in a competitive real estate market
  • 10-year stock CAGR of 21% reflects long-term wealth creation track record for shareholders
  • TTM revenue growth of 12% shows continued business expansion even in a challenging macro environment
  • 3-year compounded profit growth of 35% validates medium-term earnings trajectory
  • Stock has corrected 36% from highs in the last 1 year, offering a more reasonable entry point relative to growth profile
  • 3-year ROE of 13% shows improving capital efficiency trend compared to 10-year average of 10%
Bear Case 8
  • Stock trading at 2.66x price-to-book value is elevated for a real estate company with 12.6% 3-year ROE
  • TTM profit growth has turned negative at -5%, signaling potential earnings deceleration
  • 1-year stock return of -36% indicates significant negative momentum and possible structural de-rating
  • Last year ROE of only 10% is below cost of equity for most investors, indicating inadequate shareholder returns
  • Company might be capitalizing interest cost, which could overstate reported profitability and asset values
  • PE ratio of 25x is demanding given the TTM earnings decline and sub-13% ROE profile
  • Dividend yield of only 0.45% provides minimal income cushion during periods of capital depreciation
  • 5-year ROE average of 11% is modest for a company commanding a market cap of Rs 17,661 crore

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 14h ago
Headwinds 2
  • Chennai project loses green clearance Jun 18

    State Environment Impact Assessment Authority revoked Environmental Clearance for 'Brigade Morgan Heights' residential project in Chennai. Grounds for revocation not disclosed, creating regulatory uncertainty for project timeline.

  • Sharp near-term price decline Jun 9

    Stock declined 14.54% in one month and 24.71% in six months as of Jun 9, despite longer-term gains of 132% over one year.

Positives 3
  • Bonus shares allotted 1:3 ratio Jun 18

    Brigade Enterprises allotted 8.15 crore bonus shares in 1:3 ratio with record date June 17, 2026. Shareholders approved with over 98.8% majority on June 7, capitalising up to ₹81.54 crore from free reserves.

  • Strong shareholder confidence shown Jun 8

    Both resolutions passed with 98.77% and 98.82% approval respectively, with 157,166 eligible shareholders and promoter group casting 100,542,777 votes in favour.

  • Final dividend of ₹2/share declared Jun 9

    Company announced final dividend of ₹2 per equity share for FY2026 alongside the bonus issue and Q4 results.

Neutral 1
  • Analyst meet with ABMF scheduled Jun 12

    Brigade Enterprises scheduled a one-on-one physical meeting with Aditya Birla Mutual Fund on June 15, 2026.

TL;DR: Brigade Enterprises is rewarding shareholders through a 1:3 bonus issue and ₹2 dividend, backed by overwhelming 98%+ approval, signalling management confidence. However, the revocation of environmental clearance for the Chennai project introduces regulatory risk, and the stock has corrected sharply in the near term (-24.71% in six months). The bonus issue provides short-term sentiment support, but investors should watch for clarity on the Chennai project's status and whether the broader price correction stabilises post-allotment.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
843
654
1,367
1,174
1,702
1,078
1,072
1,464
1,460
1,281
1,383
1,575
1,458
Expenses
641
479
1,042
912
1,270
785
780
1,050
1,044
958
1,056
1,164
1,093
Operating Profit
202
175
325
262
433
293
292
414
416
323
328
411
365
OPM %
24%
27%
24%
22%
25%
27%
27%
28%
28%
25%
24%
26%
25%
Other Income
47
31
41
34
60
36
66
66
72
52
46
29
72
Interest
100
108
110
135
138
152
123
114
107
106
102
90
112
Depreciation
83
68
76
82
76
68
69
76
76
76
76
80
80
PBT
65
30
180
79
279
108
166
289
306
194
196
270
245
Tax %
3%
27%
38%
30%
24%
26%
31%
18%
18%
18%
13%
24%
22%
Net Profit
63
22
112
56
211
81
115
236
249
158
170
206
191
EPS in Rs
2.25
1.25
4.34
2.39
6.69
2.72
3.65
7.25
7.58
4.6
4.98
5.72
4.46
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
1,311
2,038
2,024
1,897
2,973
2,632
1,950
2,999
3,445
4,897
5,074
5,697
Expenses
928
1,548
1,444
1,341
2,174
1,965
1,474
2,229
2,578
3,695
3,654
4,270
Operating Profit
383
490
580
557
799
667
476
770
866
1,202
1,421
1,427
OPM %
29%
24%
29%
29%
27%
25%
24%
26%
25%
25%
28%
25%
Other Income
20
34
29
36
47
27
-17
9
161
160
233
198
Interest
131
199
246
259
278
340
347
444
434
491
495
409
Depreciation
99
106
123
138
140
192
237
351
315
302
289
312
PBT
172
219
240
196
427
161
-125
-15
278
569
869
904
Tax %
33%
37%
31%
32%
34%
29%
-23%
331%
20%
29%
22%
20%
Net Profit
116
139
167
133
282
114
-96
-65
222
401
680
725
EPS in Rs
4.22
5.47
6.73
5.12
8.81
4.79
-1.65
2.7
9.47
14.66
21.05
19.76
Div. Payout %
24%
18%
19%
20%
11%
31%
-55%
42%
16%
10%
9%
8%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
113
113
114
136
136
204
211
230
231
231
244
245
Reserves
1,244
1,425
1,581
2,151
2,033
2,077
2,137
2,680
3,014
3,285
5,394
6,576
Borrowings
1,663
2,459
2,576
3,390
3,785
4,522
5,005
4,906
4,634
5,470
5,464
6,344
Other Liabilities
1,278
2,000
2,079
2,133
4,845
5,448
6,461
7,285
8,486
8,874
10,973
13,089
Total Liabilities
4,298
5,997
6,350
7,810
10,800
12,251
13,814
15,101
16,365
17,860
22,076
26,253
Fixed Assets
1,362
340
1,431
1,805
2,277
2,998
5,020
4,905
4,681
5,747
6,899
8,545
CWIP
486
1,411
1,564
2,129
2,010
2,097
495
541
740
78
138
216
Investments
34
994
54
236
98
72
89
509
62
50
43
60
Other Assets
2,416
3,252
3,302
3,640
6,416
7,083
8,210
9,147
10,882
11,985
14,995
17,433
Total Assets
4,298
5,997
6,350
7,810
10,800
12,251
13,814
15,101
16,365
17,860
22,076
26,253
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
26
339
398
49
467
465
803
1,032
966
334
995
-137
Investing
-384
-948
-335
-1,084
-452
-717
-748
-971
-271
-379
-590
-1,436
Financing
373
631
-58
1,032
45
321
30
33
-695
241
860
1,202
Net Cash Flow
16
21
5
-4
60
69
84
94
1
195
1,265
-372
Free Cash Flow
-193
-570
29
-865
-133
-268
336
824
701
66
358
-1,871
CFO/OP
20
69
82
26
72
79
180
148
130
48
93
26
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
4
8
7
34
52
60
99
61
49
37
45
38
Inventory Days
—
3,042
3,244
3,898
2,040
3,653
9,712
8,486
—
2,094
4,134
4,667
Days Payable
—
559
740
942
258
351
949
885
—
206
366
361
Cash Conversion Cycle
4
2,491
2,511
2,991
1,834
3,362
8,861
7,662
49
1,926
3,813
4,345
Working Capital Days
-11
7
0
59
66
41
-64
-57
-61
8
-66
29
ROCE %
11%
12%
11%
9%
12%
8%
4%
6%
8%
13%
13%
11%

Shareholding Pattern

As of Mar 2026
Promoters 41.11%
DIIs 24.74%
FIIs 16.75%
Public 12.54%
Others 4.87%
Total 100.01%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
48.03%
44.11%
43.96%
43.91%
43.88%
43.85%
43.82%
43.81%
43.79%
43.78%
43.77%
43.75%
43.72%
43.72%
41.37%
41.37%
41.14%
41.13%
41.12%
41.12%
41.11%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
14.87%
16.17%
18.46%
20.23%
20.21%
19.33%
18.66%
18.14%
16.75%
DIIs
20.54%
25.12%
24.32%
23.15%
23.31%
24.12%
24.61%
24.55%
24.62%
25.45%
24.40%
24.10%
23.84%
22.86%
24.02%
22.92%
22.87%
23.44%
23.28%
23.54%
24.74%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
18.45%
16.86%
16.86%
17.12%
17.37%
17.05%
15.29%
13.01%
12.93%
12.70%
12.95%
13.10%
13.14%
12.25%
11.42%
10.87%
11.12%
11.37%
12.05%
12.35%
12.54%
Others
12.98%
13.90%
14.86%
15.82%
15.44%
14.97%
16.28%
18.63%
18.66%
18.07%
18.88%
19.04%
4.43%
5.00%
4.72%
4.62%
4.66%
4.72%
4.88%
4.84%
4.87%
No. of Shareholders
45,479
47,053
51,293
57,417
63,197
63,531
65,786
64,270
62,611
60,920
63,535
68,712
76,977
86,130
92,491
1,12,760
1,28,008
1,32,690
1,74,585
1,59,156
1,59,254

Documents

Frequently Asked Questions about Brigade Enterprises Ltd

What does Brigade Enterprises Ltd do?
Brigade Enterprises Ltd was established in 1986. It is a real estate developer in South India, based in Bengaluru, and expanding its area of operations in other parts of India. It has completed over 250 buildings aggregating to over 70 mn. sqft of developed space in residential, offices, retail, ...
Where is Brigade Enterprises Ltd (BRIGADE) listed?
Brigade Enterprises Ltd is listed on the Indian stock exchanges. It is listed on NSE: BRIGADE and BSE: 532929. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Brigade Enterprises Ltd belong to?
Brigade Enterprises Ltd operates in the Consumer Discretionary sector within the Realty industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Brigade Enterprises Ltd?
Brigade Enterprises Ltd has a market capitalisation of approximately ₹17426.47 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Brigade Enterprises Ltd?
The Price-to-Earnings (PE) ratio of Brigade Enterprises Ltd is 26.58. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Brigade Enterprises Ltd?
Over the past 52 weeks, Brigade Enterprises Ltd has traded between a low of ₹450.75 and a high of ₹881.25. This range helps investors understand the stock's price volatility and recent trading levels.
Does Brigade Enterprises Ltd pay dividends?
Yes, Brigade Enterprises Ltd has a dividend yield of 0.46%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Brigade Enterprises Ltd?
Brigade Enterprises Ltd has a Return on Equity (ROE) of 11.27%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Brigade Enterprises Ltd on Tapetide?
On Tapetide, you can view Brigade Enterprises Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Brigade Enterprises Ltd was established in 1986. It is a real estate developer in South India, based in Bengaluru, and expanding its area of operations in other parts of India. It has completed over 250 buildings aggregating to over 70 mn. sqft of developed space in residential, offices, retail, and hospitality sectors across Bengaluru and Mysuru, Chennai, Ahmedabad, Hyderabad, Kochi [1] [2] [3]

Website brigadegroup.com
CEO Mr. Mysore Ramachandrasetty Jaishankar
Employees 3,043
Listed 2007-12-31
Face Value ₹ 10
Issued Size 24,44,98,273

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