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]
Market PositionThe company is among the top 10 listed developers in India, by market capitalisation. Since its inception, it has served 40,000+ customers and completed 280+ buildings, totaling 86+ Mn Sq ft.[1][2]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | DLF | 703.25 | 45.12 | 174137.94 | 0.85 | 1180.09 | -27.08 | 1643.04 | -16.81 | 6.51 | 9016.03 | 22.47 | 3859.74 | 1007.10 | 4.05 | 7.30 | 0.04 |
| 2. | Lodha Developers | 1110.90 | 33.34 | 110990.74 | 0.38 | 789.80 | 86.50 | 3798.50 | 44.67 | 15.62 | 15597.50 | 29.61 | 3329.50 | 788.70 | 5.21 | 5.70 | 0.45 |
| 3. | Prestige Estates | 1619.50 | 91.08 | 69720.91 | 0.11 | 457.40 | 123.88 | 2431.70 | 5.52 | 7.66 | 7921.90 | 36.60 | 765.50 | 430.30 | 4.41 | 1.15 | 0.92 |
| 4. | Phoenix Mills | 1942.60 | 64.93 | 69468.83 | 0.13 | 384.09 | 39.38 | 1115.43 | 21.51 | 10.75 | 4059.89 | 57.73 | 1069.86 | 303.99 | 6.44 | 6.11 | 0.46 |
| 5. | Godrej Propert. | 2138.20 | 41.59 | 64455.44 | 0.00 | 402.99 | 20.84 | 740.38 | -32.28 | 6.57 | 4265.55 | -18.34 | 1549.83 | 405.08 | 3.52 | 2.67 | 0.89 |
| 6. | Oberoi Realty | 1708.70 | 27.81 | 62098.13 | 0.47 | 760.26 | 28.98 | 1779.04 | 34.79 | 17.73 | 5327.81 | 56.59 | 2233.06 | 760.26 | 3.71 | 10.23 | 0.18 |
| 7. | Brigade Enterpr. | 886.90 | 53.64 | 21688.21 | 0.28 | 50.19 | -44.56 | 660.71 | 56.75 | 9.09 | 2258.17 | 14.62 | 404.33 | 50.19 | 3.52 | 3.72 | 0.32 |
| – | Median: 96 Co. | 166.41 | 34.54 | 858.24 | 0.0 | 4.2 | 6.17 | 44.19 | 9.84 | 7.61 | 164.13 | 16.52 | 11.18 | 3.3 | 2.99 | 2.39 | 0.43 |
Standalone figures in ₹ crores
| Dec 2022 | Dec 2023 | Dec 2024 | Jun 2023 | Jun 2024 | Jun 2025 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 514 | 414 | 543 | 316 | 534 | 436 | 485 | 857 | 619 | 585 | 438 | 422 | 661 |
Expenses | 407 | 326 | 436 | 257 | 423 | 389 | 395 | 641 | 474 | 456 | 348 | 349 | 630 |
Operating Profit | 107 | 87 | 107 | 59 | 111 | 47 | 91 | 216 | 145 | 129 | 90 | 72 | 31 |
Other Income | 44 | 37 | 64 | 43 | 44 | 60 | 95 | 61 | 65 | 46 | 58 | 94 | 82 |
Profit before tax | 95 | 64 | 122 | 53 | 88 | 68 | 130 | 216 | 169 | 123 | 97 | 113 | 67 |
Tax % | 27% | 26% | 25% | 27% | 25% | 19% | 16% | 26% | -23% | 26% | 26% | 20% | 25% |
Net Profit | 70 | 47 | 91 | 39 | 66 | 55 | 109 | 160 | 208 | 91 | 72 | 91 | 50 |
EPS in Rs | 3.03 | 2.04 | 3.73 | 1.67 | 2.84 | 2.25 | 4.74 | 6.94 | 8.51 | 3.96 | 3.12 | 3.71 | 2.05 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 899 | 988 | 1,563 | 1,484 | 1,249 | 1,798 | 1,837 | 1,524 | 2,161 | 2,209 | 2,025 | 2,117 | 2,258 |
Expenses | 614 | 693 | 1,192 | 1,081 | 848 | 1,316 | 1,347 | 1,118 | 1,640 | 1,740 | 1,572 | 1,682 | 1,928 |
Operating Profit | 285 | 295 | 371 | 402 | 401 | 482 | 491 | 406 | 520 | 469 | 453 | 435 | 330 |
Other Income | 17 | 20 | 90 | 86 | 103 | 123 | 130 | 56 | 140 | 247 | 199 | 267 | 272 |
Interest | 102 | 115 | 150 | 180 | 183 | 178 | 200 | 198 | 143 | 134 | 144 | 130 | 94 |
Depreciation | 77 | 92 | 98 | 76 | 69 | 68 | 76 | 87 | 84 | 80 | 78 | 80 | 82 |
Profit before tax | 123 | 109 | 212 | 233 | 252 | 359 | 344 | 178 | 433 | 502 | 429 | 492 | 426 |
Net Profit | 90 | 70 | 147 | 164 | 181 | 234 | 261 | 145 | 309 | 385 | 318 | 455 | 404 |
EPS in Rs | 5.33 | 4.14 | 8.68 | 9.62 | 8.84 | 11.46 | 12.76 | 6.85 | 13.41 | 16.69 | 13.77 | 18.63 | 16.54 |
Dividend Payout % | 25% | 32% | 15% | 17% | 15% | 12% | 8% | 18% | 11% | 12% | 15% | 13% | – |
Standalone figures in ₹ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 112 | 113 | 113 | 114 | 136 | 136 | 204 | 211 | 230 | 231 | 231 | 244 | 244 |
Reserves | 1,160 | 1,204 | 1,414 | 1,581 | 2,192 | 2,171 | 2,339 | 2,566 | 3,334 | 3,698 | 3,989 | 5,871 | 5,922 |
Borrowings | 843 | 1,241 | 1,716 | 1,648 | 1,959 | 1,907 | 2,035 | 1,876 | 1,631 | 1,425 | 1,746 | 1,588 | 1,986 |
Other Liabilities | 838 | 1,005 | 1,587 | 1,379 | 1,469 | 3,246 | 3,087 | 3,456 | 3,599 | 3,788 | 4,582 | 6,188 | 7,229 |
Total Liabilities | 2,953 | 3,563 | 4,829 | 4,721 | 5,756 | 7,460 | 7,666 | 8,109 | 8,795 | 9,142 | 10,548 | 13,891 | 15,381 |
Fixed Assets | 1,162 | 1,087 | 224 | 975 | 1,015 | 1,280 | 1,405 | 1,385 | 1,410 | 1,365 | 1,340 | 1,345 | 3,064 |
Gross Block | 1,391.96 | 1,409.46 | 249.24 | 1,122.64 | 1,231.26 | 1,541.80 | 1,756.87 | 1,837.10 | 1,945.27 | 1,960.72 | 2,008.57 | 2,092.67 | – |
Accumulated Depreciation | 229.48 | 322.45 | 25.37 | 147.22 | 216.27 | 262.13 | 351.88 | 451.90 | 535.37 | 595.67 | 668.41 | 747.51 | – |
CWIP | 188 | 377 | 435 | 250 | 432 | 179 | 75 | 4 | 3 | 16 | 670 | 1,453 | 0 |
Investments | 133 | 192 | 1,631 | 827 | 1,353 | 1,498 | 1,793 | 2,051 | 2,595 | 2,347 | 2,544 | 2,421 | 2,272 |
Other Assets | 1,470 | 1,906 | 2,540 | 2,669 | 2,957 | 4,503 | 4,393 | 4,669 | 4,786 | 5,413 | 5,994 | 8,671 | 10,045 |
Total Assets | 2,953 | 3,563 | 4,829 | 4,721 | 5,756 | 7,460 | 7,666 | 8,109 | 8,795 | 9,142 | 10,548 | 13,891 | 15,381 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 449 | -16 | 213 | 414 | 69 | 230 | 292 | 419 | 534 | 283 | -25 | 332 |
Cash from Investing Activity | -159 | -240 | -473 | -342 | -638 | 103 | -194 | -151 | -583 | 72 | -120 | -413 |
Cash from Financing Activity | -288 | 251 | 273 | -92 | 557 | -261 | -58 | -282 | 123 | -360 | 151 | 1,096 |
Net Cash Flow | 2 | -5 | 13 | -19 | -12 | 72 | 40 | -14 | 74 | -5 | 6 | 1,015 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 14 | 6 | 11 | 14 | 43 | 73 | 56 | 78 | 47 | 42 | 41 | 68 |
Inventory Days | 3,942 | – | 1,946 | 2,203 | 5,741 | 2,269 | 2,098 | – | – | – | – | – |
Days Payable | 1,005 | – | 397 | 518 | 1,569 | 284 | 212 | – | – | – | – | – |
Cash Conversion Cycle | 2,950 | 6 | 1,560 | 1,698 | 4,216 | 2,058 | 1,943 | 78 | 47 | 42 | 41 | 68 |
Working Capital Days | -156 | -165 | -52 | -47 | 6 | 73 | 20 | 30 | 14 | 48 | 46 | -15 |
ROCE % | 10% | 10% | 12% | 13% | 11% | 12% | 13% | 9% | 11% | 11% | 10% | 9% |
Direct from BSE filings, auto-summarised
External media mentions & references
Editorial & research coverage
Nov 2025
Aug 2025
May 2025
Feb 2025
Nov 2024
Aug 2024
Jun 2024
Feb 2024
Nov 2023
Aug 2023
May 2023
Feb 2023
Feb 2023
Nov 2022
Aug 2022
May 2022
Feb 2022
Nov 2021
Sep 2021
Aug 2021
May 2021
Mar 2021
Feb 2021
Feb 2021
Nov 2020
Sep 2020
Aug 2020
Jun 2020
Feb 2020
Nov 2019
Sep 2019
Aug 2019
Jun 2019
May 2019
Feb 2019
Feb 2019
Dec 2018
Nov 2018
Aug 2018
May 2018
Feb 2018
Nov 2017
Aug 2017
Jun 2017
Feb 2017
Nov 2016
Aug 2016
May 2016
Feb 2016
Nov 2015
Aug 2015
Stock Analysis
Brigade Enterprises Limited is a real estate developer based in South India, with operations expanding across India, focusing on residential, office, retail, and hospitality sectors.
Expansion in key South Indian markets like Chennai and Hyderabad through new projects and strategic joint development agreements. Recent activity includes new residential projects, office space development, and hotel ventures, bolstered by a strong pipeline and land bank.
Projects include Brigade Cherry Blossom (₹225 Cr revenue potential), Brigade Lakecrest (₹950 Cr revenue potential), OMR Chennai office space (1 Mn sqft), East Bengaluru JDA (2.5 Mn sqft, ₹2,500 Cr GDV), Banashankari JDA (7.5 acres, ₹1,200 Cr GDV), West Chennai JDA (6.6 acres, ₹1,000 Cr GDV), Hyderabad Begumpet project (₹800 Cr revenue potential), and Hyderabad Neopolis Phase 3 land acquisition (₹478.76 Cr).
Currently no data available for Key Red Flags.
January 9, 2026: Submission of SEBI compliance certificate for the quarter ended December 31, 2025.
Corporate Announcements
