Godrej Properties Limited (GPL) is the real estate development arm of the Godrej Group, which was started in 1897 and is today one of India’s most successful conglomerates. Godrej Properties brings the Godrej Group philosophy of innovation, sustainability, and excellence to the real estate industry.[1]
Overview[1]Established in 1990, Godrej Properties is India’s largest developer by number of homes sold in FY23. Company has delivered ~41 million sq. ft. of real estate since FY18. It has ~215 million sq. ft. of saleable area across India and works on an asset-light business model. The company has bagged ~400 awards in the last 5 years.
| 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 | 168.47 | 64455.44 | 0.00 | 13.10 | -93.65 | 92.26 | -86.09 | 6.46 | 1295.01 | -59.80 | 382.60 | 13.10 | 3.68 | 2.34 | 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 | 27.27 | 21688.21 | 0.28 | 170.28 | 36.58 | 1383.37 | 29.03 | 13.34 | 5588.84 | 26.50 | 795.44 | 162.50 | 3.35 | 3.39 | 0.83 |
| – | Median: 96 Co. | 166.41 | 33.7 | 858.24 | 0.0 | 4.2 | 6.17 | 44.19 | 9.84 | 7.61 | 164.13 | 16.9 | 11.18 | 3.3 | 2.99 | 2.36 | 0.44 |
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 | 178 | 136 | 185 | 310 | 189 | 106 | 610 | 660 | 912 | 152 | 225 | 663 | 92 |
Expenses | 176 | 190 | 366 | 349 | 386 | 369 | 476 | 610 | 835 | 174 | 258 | 703 | 500 |
Operating Profit | 3 | -54 | -181 | -39 | -197 | -263 | 134 | 49 | 77 | -22 | -33 | -40 | -408 |
Other Income | 249 | 316 | 400 | 258 | 987 | 471 | 234 | 346 | 445 | 237 | 275 | 375 | 570 |
Profit before tax | 186 | 138 | 56 | 158 | 669 | 79 | 306 | 267 | 361 | 152 | 151 | 178 | 25 |
Tax % | 30% | 25% | 38% | 23% | 27% | 29% | 13% | 19% | 23% | 22% | 19% | -16% | 48% |
Net Profit | 130 | 103 | 35 | 121 | 491 | 56 | 267 | 217 | 279 | 119 | 123 | 206 | 13 |
EPS in Rs | 4.67 | 3.72 | 1.16 | 4.36 | 17.67 | 1.86 | 9.59 | 7.80 | 9.25 | 4.28 | 4.42 | 7.42 | 0.43 |
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 | 664 | 517 | 374 | 999 | 556 | 1,434 | 2,085 | 570 | 1,473 | 1,155 | 1,331 | 1,950 | 1,295 |
Expenses | 547 | 409 | 399 | 785 | 682 | 1,344 | 1,700 | 908 | 1,378 | 1,017 | 1,407 | 2,290 | 2,069 |
Operating Profit | 117 | 108 | -25 | 214 | -125 | 90 | 385 | -337 | 95 | 138 | -76 | -340 | -774 |
Other Income | 103 | 202 | 222 | 222 | 494 | 460 | 520 | 657 | 858 | 945 | 1,195 | 2,208 | 1,887 |
Interest | 119 | 158 | 152 | 157 | 192 | 252 | 266 | 221 | 222 | 233 | 380 | 565 | 542 |
Depreciation | 5 | 9 | 14 | 13 | 15 | 13 | 17 | 16 | 18 | 19 | 24 | 37 | 49 |
Profit before tax | 96 | 144 | 32 | 266 | 162 | 285 | 622 | 83 | 714 | 831 | 714 | 1,265 | 522 |
Net Profit | 98 | 128 | 23 | 197 | 105 | 209 | 384 | -43 | 526 | 656 | 564 | 1,011 | 383 |
EPS in Rs | 4.90 | 6.42 | 1.05 | 9.08 | 4.85 | 9.13 | 15.24 | -1.55 | 18.92 | 23.58 | 20.30 | 33.57 | 12.70 |
Dividend Payout % | 41% | 31% | 209% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | – |
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 | 99 | 100 | 108 | 108 | 108 | 115 | 126 | 139 | 139 | 139 | 139 | 151 | 151 |
Reserves | 1,691 | 1,819 | 1,677 | 1,882 | 1,340 | 2,542 | 4,980 | 8,616 | 9,145 | 9,806 | 10,373 | 17,294 | 17,362 |
Borrowings | 1,665 | 2,088 | 2,775 | 3,506 | 3,703 | 3,516 | 3,708 | 4,578 | 5,185 | 6,410 | 10,100 | 12,043 | 15,647 |
Other Liabilities | 719 | 573 | 787 | 612 | 2,067 | 1,604 | 1,090 | 1,628 | 1,632 | 3,585 | 7,298 | 14,457 | 17,997 |
Total Liabilities | 4,175 | 4,579 | 5,348 | 6,108 | 7,218 | 7,777 | 9,904 | 14,962 | 16,102 | 19,940 | 27,911 | 43,944 | 51,157 |
Fixed Assets | 41 | 39 | 109 | 104 | 116 | 101 | 117 | 163 | 176 | 209 | 258 | 535 | 705 |
Gross Block | 61.65 | 66.54 | 122.77 | 129.34 | 155.09 | 150.56 | 182.99 | 246.23 | 274.57 | 323.63 | 399.38 | 735.28 | – |
Accumulated Depreciation | 20.86 | 27.38 | 13.43 | 25.37 | 39.43 | 49.73 | 65.69 | 83.52 | 98.49 | 114.52 | 141.00 | 200.21 | – |
CWIP | 70 | 83 | 1 | 0 | 0 | 4 | 14 | 9 | 22 | 99 | 233 | 94 | 43 |
Investments | 316 | 558 | 718 | 767 | 1,341 | 2,466 | 3,392 | 5,280 | 5,118 | 3,087 | 4,385 | 6,910 | 8,182 |
Other Assets | 3,748 | 3,900 | 4,520 | 5,237 | 5,760 | 5,207 | 6,381 | 9,510 | 10,786 | 16,545 | 23,034 | 36,404 | 42,227 |
Total Assets | 4,175 | 4,579 | 5,348 | 6,108 | 7,218 | 7,777 | 9,904 | 14,962 | 16,102 | 19,940 | 27,911 | 43,944 | 51,157 |
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 | -448 | -428 | -418 | -656 | 504 | 127 | 67 | -593 | 22 | -1,894 | 180 | -1,758 |
Cash from Investing Activity | -359 | -87 | 199 | 22 | -363 | -646 | -2,056 | -3,467 | -439 | 1,305 | -2,449 | -5,172 |
Cash from Financing Activity | 1,415 | 219 | 332 | 415 | -451 | 971 | 1,978 | 4,387 | 296 | 842 | 2,825 | 6,809 |
Net Cash Flow | 608 | -296 | 112 | -219 | -310 | 452 | -11 | 327 | -121 | 253 | 555 | -121 |
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 | 64 | 64 | 73 | 54 | 69 | 26 | 67 | 129 | 36 | 50 | 44 | 53 |
Inventory Days | – | – | – | – | – | 1,152 | 1,029 | – | 7,841 | – | – | – |
Days Payable | – | – | – | – | – | 104 | 355 | – | 1,302 | – | – | – |
Cash Conversion Cycle | 64 | 64 | 73 | 54 | 69 | 1,074 | 740 | 129 | 6,575 | 50 | 44 | 53 |
Working Capital Days | 430 | 501 | 620 | 276 | -286 | -67 | 126 | 1,406 | 632 | 1,132 | 1,404 | 1,671 |
ROCE % | 8% | 7% | 4% | 8% | 3% | 8% | 11% | 2% | 6% | 6% | 5% | 6% |
Direct from BSE filings, auto-summarised
External media mentions & references
Editorial & research coverage
Nov 2025
Aug 2025
May 2025
Feb 2025
Oct 2024
Aug 2024
May 2024
Feb 2024
Nov 2023
Aug 2023
May 2023
Feb 2023
Nov 2022
Aug 2022
May 2022
Feb 2022
Nov 2021
Aug 2021
May 2021
Feb 2021
Feb 2021
Feb 2021
Nov 2020
Aug 2020
May 2020
Feb 2020
Nov 2019
Aug 2019
May 2019
Apr 2019
Feb 2019
Nov 2018
Aug 2018
May 2018
Mar 2018
Feb 2018
Nov 2017
Aug 2017
May 2017
Feb 2017
Nov 2016
Aug 2016
Aug 2016
May 2016
Feb 2016
Nov 2015
Aug 2015
Stock Analysis
Godrej Properties Limited is a prominent Indian real estate developer, part of the diversified Godrej Group, recognized for its commitment to innovation, sustainability, and quality residential projects across India.
Sustained strong sales momentum in CY2025, driven by 41 project launches, high booking values across key metro markets (MMR, NCR, Bengaluru, Pune, Hyderabad), and a 19% YoY increase in booking value to ₹34,171 Cr. The company aims to leverage its market leadership position.
Currently no data available for Order Book.
Currently no data available for Key Red Flags.
Currently no data available for Key Dates To Watch.
Corporate Announcements
