Brigade Enterprises Ltd logo

Brigade Enterprises Ltd

BRIGADE NSE

Key Fundamentals

SmallcapResidential Commercial ProjectsRealty
Market Cap
₹19,201 Cr
Volatility
Moderate
P/E Ratio
27.65
EBITDA
₹1,639 Cr
Return on Equity
9.63%
Debt to Equity
0.93
Book Value
₹208.79
EPS
₹21.49
52W High
₹802.01
52W Low
₹450.75

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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51 extracted metrics + investor summaries across FY08–FY26.

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Tapetide Score

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Technical Indicators

Key Insights

Strengths

1
  • Company has delivered good profit growth of 89.0% CAGR over last 5 years

Weaknesses

3
  • Stock is trading at 2.84 times its book value
  • Company has a low return on equity of 12.5% over last 3 years.
  • Company might be capitalizing the interest cost

Growth Rate

Revenue Growth
11.21% ↗
Net Income Growth
6.51% ↘
Cash Flow Change
-113.77% ↘
ROE
-16.26% ↘
ROCE
-22.61% ↘
EBITDA Margin (Avg.)
-10.86% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 5d ago
AI opinion · based on fundamentals
Risk medium

Brigade Enterprises Ltd is a mid-large cap real estate company with a market cap of Rs 19,204 Cr, trading at a P/E of 26.7x and P/B of 2.84x. The company has delivered strong 5-year profit CAGR of 89% and sales CAGR of 24%, though TTM profit growth has turned negative at -4% and the stock has declined 18% over the past year.

Bull Case 8
  • Exceptional 5-year compounded profit growth of 89% CAGR demonstrates strong earnings expansion over a full business cycle
  • Robust 5-year compounded sales growth of 24% CAGR indicates sustained demand for Brigade's residential and commercial portfolio
  • 10-year stock CAGR of 22% reflects long-term wealth creation track record for the company
  • TTM revenue growth of 12% shows continued top-line momentum even as broader market conditions have moderated
  • 3-year compounded profit growth of 35% CAGR indicates the earnings trajectory remains elevated on a medium-term basis
  • 3-year compounded sales growth of 18% suggests consistent execution on project launches and completions
  • Market cap of Rs 19,204 Cr provides institutional-grade liquidity and scale advantages in land acquisition and project financing
  • 10-year compounded profit growth of 18% CAGR shows the company has navigated multiple real estate cycles successfully
Bear Case 8
  • TTM profit growth has turned negative at -4%, signaling potential margin compression or rising cost pressures in the near term
  • Stock has declined 18% over the past 1 year, underperforming the broader market and indicating weakening investor sentiment
  • Return on equity of 12% over 3 years and 10% last year is low for a real estate developer trading at 2.84x book value
  • P/B ratio of 2.84x is elevated given the modest ROE of 10-12%, suggesting the stock may be pricing in growth that needs to materialize
  • Potential interest cost capitalization practice may be flattering reported profitability and understating the true cost of debt
  • Dividend yield of only 0.34% offers minimal income cushion during periods of capital depreciation
  • P/E of 26.7x is relatively high for a real estate company with last year ROE of only 10%, limiting margin of safety
  • 5-year ROE averaging 11% suggests the company is not generating exceptional returns on shareholders' capital despite strong revenue growth

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

AI News Digest

Anthropic anthropic claude-opus-4.6 19h ago
Headwinds 1
  • Q1 revenue declines 13% YoY Aug 14

    Consolidated revenue fell to ₹11.16 billion from ₹12.8 billion in Q1FY25, a 13% YoY decline despite improved profitability.

Positives 3
  • Q1 net profit surges 45% YoY Aug 14

    Brigade reported Q1 consolidated net profit of ₹2.17 billion, up 45% from ₹1.5 billion YoY. EBITDA margin expanded sharply to 32.40% from 25.26%.

  • 2-acre Kanakapura Road acquisition Jul 29

    Brigade acquired a 2-acre land parcel on Kanakapura Road, South Bengaluru for a premium residential project with estimated GDV of approximately ₹400 crore.

  • Misty Greens launched in Mysuru Jul 21

    Brigade launched Misty Greens in Mysuru via JDA spanning 4.5 acres with revenue potential of over ₹300 crore.

Neutral 1
  • Q1FY26 results published per SEBI Aug 14

    Brigade Enterprises published unaudited standalone and consolidated financial results for Q1 ended June 30, 2026, with earnings call held on August 14.

TL;DR: Brigade Enterprises is delivering strong profit growth and margin expansion, with Q1 net profit up 45% and EBITDA margin improving by ~710 bps YoY. The company is actively building its land bank with two new project additions worth ₹700 crore in combined GDV. The topline decline of 13% is a watch item, likely due to revenue recognition timing in real estate. Overall trend is constructive with improving profitability and pipeline expansion supporting medium-term growth.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
654
1,367
1,174
1,702
1,078
1,072
1,464
1,460
1,281
1,383
1,575
1,458
1,116
Expenses
479
1,042
912
1,270
785
780
1,050
1,044
958
1,056
1,164
1,093
755
Operating Profit
175
325
262
433
293
292
414
416
323
328
411
365
361
OPM %
27%
24%
22%
25%
27%
27%
28%
28%
25%
24%
26%
25%
32%
Other Income
31
41
34
60
36
66
66
72
52
46
29
72
107
Interest
108
110
135
138
152
123
114
107
106
102
90
112
109
Depreciation
68
76
82
76
68
69
76
76
76
76
80
80
73
PBT
30
180
79
279
108
166
289
306
194
196
270
245
285
Tax %
27%
38%
30%
24%
26%
31%
18%
18%
18%
13%
24%
22%
24%
Net Profit
22
112
56
211
81
115
236
249
158
170
206
191
217
EPS in Rs
1.25
4.34
2.39
6.69
2.72
3.65
7.25
7.58
4.6
4.98
5.72
4.46
6.14
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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
5,532
Expenses
928
1,548
1,444
1,341
2,174
1,965
1,474
2,229
2,578
3,695
3,654
4,264
4,068
Operating Profit
383
490
580
557
799
667
476
770
866
1,202
1,421
1,433
1,464
OPM %
29%
24%
29%
29%
27%
25%
24%
26%
25%
25%
28%
25%
26%
Other Income
20
34
29
36
47
27
-17
9
161
160
233
193
254
Interest
131
199
246
259
278
340
347
444
434
491
495
409
413
Depreciation
99
106
123
138
140
192
237
351
315
302
289
312
310
PBT
172
219
240
196
427
161
-125
-15
278
569
869
904
995
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
784
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
21.3
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
3,418
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
8,740
10,973
13,040
Total Liabilities
4,298
5,997
6,350
7,810
10,800
12,251
13,814
15,101
16,365
17,860
22,076
26,204
Fixed Assets
1,362
340
1,431
1,805
2,277
2,998
5,020
4,905
4,681
4,593
6,899
8,537
CWIP
486
1,411
1,564
2,129
2,010
2,097
495
541
740
1,232
138
222
Investments
34
994
54
236
98
72
89
509
62
50
43
62
Other Assets
2,416
3,252
3,302
3,640
6,416
7,083
8,210
9,147
10,882
11,985
14,995
17,383
Total Assets
4,298
5,997
6,350
7,810
10,800
12,251
13,814
15,101
16,365
17,860
22,076
26,204
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
942
Net Cash Flow
16
21
5
-4
60
69
84
94
1
195
1,265
-631
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
—
2,498
4,142
4,667
Days Payable
—
559
740
942
258
351
949
885
—
245
366
361
Cash Conversion Cycle
4
2,491
2,511
2,991
1,834
3,362
8,861
7,662
49
2,290
3,821
4,345
Working Capital Days
-11
7
0
59
66
41
-64
-57
-61
-24
-65
26
ROCE %
11%
12%
11%
9%
12%
8%
4%
6%
8%
13%
13%
11%

Shareholding Pattern

As of Jun 2026
Promoters 41.10%
DIIs 25.47%
FIIs 15.63%
Public 12.79%
Others 5.02%
Total 100.01%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 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%
41.10%
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%
15.63%
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%
25.47%
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%
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%
12.79%
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%
5.02%
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
1,58,889

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 Realty sector within the Residential Commercial Projects 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 ₹19201.18 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 27.65. 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 ₹802.01. 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 0.34%. 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 9.63%. 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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