Whalesbook
Company ne FY26 mein record bookings ki hai, ₹34,171 crore! Ye guidance se 105% upar hai aur last 3 years mein 41% ka annual growth dikha raha hai. Ye kisi bhi Indian developer ke liye ek single financial year mein sabse bada number hai.
But wait, cash collection ke maamle mein thoda gap reh gaya. FY26 mein total collections ₹19,965 crore rahe, jo ki company ke target ka 95% hai. Collections 17% year-on-year badhe toh sahi, par target se 5% kam reh gaye. Q4 mein collection kaafi acche the, ₹7,947 crore, jo pichhle quarter se 86% zyada hain. Ye achhi baat hai ki sales cash mein convert ho rahi hai.
Abhi stock price ki baat karein toh 9 April 2026 ko ye ₹1,693.90 ke aas paas tha, din mein 0.5% gira aur saal ki shuruaat se ab tak 16% down hai. Company ki market cap ₹51,000-₹52,000 crore hai aur P/E ratio 31.6x se 33.06x ke beech mein hai. Analyst is valuation ko collection miss ke baad closely dekh rahe hain.
Aage sales badhane ke liye, Godrej Properties ne FY26 mein 18 naye projects add kiye hain, jinka total value ₹42,100 crore hai. Ye unke business development target ka double se bhi zyada hai! Delivery ke maamle mein bhi company ne 12.1 million square feet projects deliver kiye, jo target se 21% upar hai.
Ye sab dekh kar promoters ne company par full bharosa dikhaya hai. Unhone ₹2,674 crore invest karke Godrej Properties mein apna stake 5% badhaya hai. Iske alawa, holding company Godrej Industries Ltd. mein bhi ₹1,896 crore laga kar 5% stake liya hai. Ye investment stock ke year-end price se average 21% zyada rate par hui hai, jo internal confidence show karta hai.
India ke real estate market mein 2026 tak steady growth ki umeed hai, khaas kar Tier-II aur Tier-III cities mein. Godrej Properties ka P/E ratio ~32x hai, jo peers ke ~35.4x se thoda kam hai, lekin industry average 23.6x se upar hai. Company ka debt-to-equity ratio bhi kam ho kar ~0.72 ho gaya hai.
Sabse bada risk collection efficiency ka hai. Sale ko cash mein convert karna company ke liye bahut important hai. Analyst log ek taraf toh ₹2,241.91 ka average target de rahe hain (jo 31% se zyada upside dikhata hai), lekin individual targets ₹1,350 se ₹3,100 tak hain, matlab sabki alag alag soch hai. Stock mein 16% YTD decline investors ki concerns dikha raha hai. Overall, outlook cautiously optimistic hai.