Brigade Enterprises Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹510.80Overvalued by 15.71%vs CMP ₹606.00

P/E (29.0) × ROE (10.5%) × BV (₹209.00) × DY (0.33%)

₹428.10Overvalued by 29.36%vs CMP ₹606.00

MoS: -41.6% (Negative)Confidence: 59/100 (Moderate)Models: 1 Under, 7 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹783.65	26%	Under (+29.3%)
Graham Number	Earnings	₹378.78	19%	Over (-37.5%)
DCF	Cash Flow	₹394.23	13%	Over (-34.9%)
Net Asset Value	Assets	₹209.00	8%	Over (-65.5%)
EV/EBITDA	Enterprise	₹329.56	11%	Over (-45.6%)
Earnings Yield	Earnings	₹305.10	8%	Over (-49.7%)
ROCE Capital	Returns	₹148.58	8%	Over (-75.5%)
Revenue Multiple	Revenue	₹155.47	6%	Over (-74.3%)
Consensus (8 models)		₹428.10	100%	Overvalued

Key Drivers: EPS CAGR 53.4% lifts DCF — verify sustainability. | Wide model spread (₹149–₹784) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 53.4%

*Investments are subject to market risks

Analysis summary

Data coverage: Price-data record updated 25 September 2026, 4:16 am +05:30. Annual results through Mar 2025; quarterly results through Dec 2025; cash flow through Mar 2026. Each section can have a different reporting period. The share price is not live.

Valuation in context

Operating performance

Revenue for Mar 2025 was ₹5,074.00 Cr, versus ₹4,897.00 Cr in Mar 2024 (3.6% year on year). Net profit for Mar 2025 was ₹680.00 Cr, versus ₹401.00 Cr in Mar 2024 (69.6% year on year). These are the latest annual periods stored on this page; check the quarterly table separately for more recent developments.

Cash generation

For the same Mar 2025 period, operating cash flow was ₹995.00 Cr against net profit of ₹680.00 Cr. Cash flow covered 1.46 times reported profit. Cash generation supports the reported profit for this period; check whether this continues over several years.

Balance-sheet check

Reported borrowings were ₹6,344.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How to use the valuation and peer comparisons

The Intrinsic Value panel combines the available model estimates using the displayed weights. Earnings, cash-flow, dividend and asset-based methods can give very different answers. The displayed 12% cost of equity and 4% terminal growth assumptions apply where relevant; historical EPS growth is not a promise of future growth. Use the individual values and their spread to judge sensitivity.

The peer group follows the stored industry classification and may include different business models. Compare reporting periods, leverage and recurring earnings before interpreting a valuation gap. For banks and other financial businesses, capital adequacy and asset quality can be more informative than industrial-company cash-flow ratios.

Sources: Company data source. Check the company filings linked by the source for the reporting basis and exceptional items.

Automatically generated interpretation of the stored financial data, not a separately researched analyst opinion. Missing data is not evidence of poor performance. New filings become available here after the existing data refresh process captures them.

Investment Snapshot

Brigade Enterprises Ltd scores 65/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health54/100 · Moderate

ROCE 10.5% AverageROE 10.5% AverageD/E 0.93 ModerateInterest Coverage 3.3x AdequateProfitable 3/5 available years Reported history

Smart Money45/100 · Moderate

FII holding down -3.04% (6mo) SellingDII holding up 2.18% MF buyingPromoter holding at 41.1% Stable

Earnings Quality85/100 · Strong

CFO/NP ratio: 1.76x Cash-backed earningsOPM stable around 27% SteadyWorking capital: -66 days (improving) Efficient

Quarterly Momentum68/100 · Strong

Revenue (4Q): +7% YoY GrowingProfit (4Q): +22% YoY Positive

Industry Rank65/100 · Strong

P/E 29.0 vs industry 62.7 Lower P/EROCE 10.5% vs industry 11.2% Average3Y sales CAGR: 19% Moderate

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores use stored reporting periods and are screening indicators, not investment recommendations. Missing health ratios are excluded. Broad industry groups and financial-sector accounting can limit comparability.

Share Price and Basic Stock Data

Last Updated: September 25, 2026, 4:16 am

Market Cap	19,778 Cr.
Current Price	606
Intrinsic Value	₹428.10
High / Low	802/451
Stock P/E	29.0
Book Value	209
Dividend Yield	0.33 %
ROCE	10.5 %
ROE	10.5 %
Face Value	10.0
PEG Ratio	0.54

Understand these figures: how to read the P/E ratio, ROE versus earnings per share, and calculate intrinsic value.

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Brigade Enterprises Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Brigade Enterprises Ltd	19,778 Cr.	606	802/451	29.0	209	0.33 %	10.5 %	10.5 %	10.0
Anant Raj Ltd	22,460 Cr.	624	744/403	38.8	161	0.16 %	12.1 %	11.2 %	2.00
Sobha Ltd	13,128 Cr.	1,228	1,732/1,130	56.9	441	0.49 %	6.86 %	4.16 %	10.0
Mahindra Lifespace Developers Ltd	7,551 Cr.	354	428/287	24.3	170	0.99 %	7.64 %	9.91 %	10.0
Ganesh Housing Corporation Ltd	7,378 Cr.	885	1,485/774	12.8	220	0.57 %	44.0 %	37.8 %	10.0
Industry Average	18,198.24 Cr	412.43		62.74	31,687.49	0.63%	11.18%	11.87%	6.24

All Competitor Stocks of Brigade Enterprises Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	820	843	654	1,367	1,174	1,702	1,078	1,072	1,464	1,460	1,281	1,383	1,575
Expenses	612	641	479	1,042	912	1,270	785	780	1,050	1,044	958	1,056	1,164
Operating Profit	208	202	175	325	262	433	293	292	414	416	323	328	411
OPM %	25%	24%	27%	24%	22%	25%	27%	27%	28%	28%	25%	24%	26%
Other Income	38	47	31	41	34	60	36	66	66	72	52	46	29
Interest	118	100	108	110	135	138	152	123	114	107	106	102	90
Depreciation	78	83	68	76	82	76	68	69	76	76	76	76	80
Profit before tax	50	65	30	180	79	279	108	166	289	306	194	196	270
Tax %	14%	3%	27%	38%	30%	24%	26%	31%	18%	18%	18%	13%	24%
Net Profit	43	63	22	112	56	211	81	115	236	249	158	170	206
EPS in Rs	2.47	3.00	1.67	5.78	3.18	8.92	3.62	4.87	9.67	10.10	6.13	6.65	7.63

Last Updated: February 6, 2026, 10:46 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 4:16 pm

Metric	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	947	1,311	2,038	2,024	1,897	2,973	2,632	1,950	2,999	3,445	4,897	5,074	5,700
Expenses	648	928	1,548	1,444	1,341	2,174	1,965	1,474	2,229	2,578	3,695	3,654	4,222
Operating Profit	298	383	490	580	557	799	667	476	770	866	1,202	1,421	1,478
OPM %	32%	29%	24%	29%	29%	27%	25%	24%	26%	25%	25%	28%	26%
Other Income	20	20	34	29	36	47	27	-17	9	161	160	233	199
Interest	113	131	199	246	259	278	340	347	444	434	491	495	404
Depreciation	82	99	106	123	138	140	192	237	351	315	302	289	308
Profit before tax	124	172	219	240	196	427	161	-125	-15	278	569	869	965
Tax %	28%	33%	37%	31%	32%	34%	29%	-23%	331%	20%	29%	22%
Net Profit	90	116	139	167	133	282	114	-96	-65	222	401	680	783
EPS in Rs	5.46	5.63	7.30	8.98	6.82	11.74	6.39	-2.20	3.59	12.63	19.54	28.06	30.51
Dividend Payout %	24%	24%	18%	19%	20%	11%	31%	-55%	42%	16%	10%	9%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	28.89%	19.83%	20.14%	-20.36%	112.03%	-59.57%	-184.21%	32.29%	441.54%	80.63%	69.58%
Change in YoY Net Profit Growth (%)	0.00%	-9.06%	0.32%	-40.50%	132.39%	-171.60%	-124.64%	216.50%	409.25%	-360.91%	-11.05%

Brigade Enterprises Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	14%
5 Years:	14%
3 Years:	19%
TTM:	-1%

Compounded Profit Growth
10 Years:	22%
5 Years:	37%
3 Years:	47%
TTM:	51%

Stock Price CAGR
10 Years:	27%
5 Years:	41%
3 Years:	20%
1 Year:	-27%

Return on Equity
10 Years:	9%
5 Years:	10%
3 Years:	13%
Last Year:	15%

Last Updated: September 5, 2025, 1:20 am

Balance Sheet

Last Updated: August 31, 2026, 4:30 am

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 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

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity +	26	339	398	49	467	465	803	1,032	966	334	995	-137
Cash from Investing Activity +	-384	-948	-335	-1,084	-452	-717	-748	-971	-271	-379	-590	-1,436
Cash from Financing Activity +	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%

Free Cash Flow

Free cash flow reported in the stored cash-flow statement (₹ Cr)
Period	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Free Cash Flow	-193.00	-570.00	29.00	-865.00	-133.00	-268.00	336.00	824.00	701.00	66.00	358.00	-1,871.00

This table and the chart use the Free Cash Flow row from the same stored cash-flow statement. Free cash flow generally measures operating cash flow after capital expenditure; check the source definition and reporting basis. It is not operating profit minus borrowings.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	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	4	8	7	34	52	60	99	61	49	37	45
Inventory Days			3,042	3,244	3,898	2,040	3,653	9,712	8,486		2,094	4,134
Days Payable			559	740	942	258	351	949	885		206	366
Cash Conversion Cycle	14	4	2,491	2,511	2,991	1,834	3,362	8,861	7,662	49	1,926	3,813
Working Capital Days	-40	-11	7	-0	59	66	41	-64	-57	-61	8	-66
ROCE %	10%	11%	12%	11%	9%	12%	8%	4%	6%	8%	13%	13%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	43.77%	43.75%	43.73%	43.72%	41.37%	41.37%	41.14%	41.13%	41.13%	41.12%	41.11%	41.10%
FIIs	13.40%	13.73%	14.86%	16.17%	18.47%	20.23%	20.21%	19.33%	18.67%	18.14%	16.75%	15.63%
DIIs	25.41%	25.01%	23.84%	22.86%	24.02%	22.91%	22.87%	23.44%	23.28%	23.55%	24.74%	25.46%
Public	17.44%	17.50%	17.58%	17.26%	16.14%	15.50%	15.77%	16.09%	16.95%	17.19%	17.40%	17.80%
No. of Shareholders	63,535	68,712	76,977	86,130	86,803	1,12,760	1,28,008	1,32,690	1,74,585	1,59,156	1,59,254	1,62,943

Shareholding Pattern Chart

No. of Shareholders

Brigade Enterprises Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Axis Small Cap Fund	6,154,986	1.81	463.01	7,939,846	2025-12-08 00:34:05	-22.48%
SBI Small Cap Fund	4,434,913	0.97	333.62	3,435,013	2025-12-08 00:34:05	29.11%
Kotak Small Cap Fund	4,112,297	1.89	309.35	N/A	N/A	N/A
Franklin India Small Cap Fund	3,868,691	2.28	291.02	N/A	N/A	N/A
ICICI Prudential Multi Asset Fund	2,648,761	0.25	199.25	N/A	N/A	N/A
ICICI Prudential Infrastructure Fund	2,411,936	2.25	181.44	N/A	N/A	N/A
Nippon India Small Cap Fund	1,832,799	0.21	137.87	1,509,548	2025-12-08 00:34:05	21.41%
Invesco India Smallcap Fund	1,812,778	1.51	136.37	N/A	N/A	N/A
ICICI Prudential Innovation Fund - Direct Fund	1,709,614	1.69	128.61	N/A	N/A	N/A
UTI Value Fund	1,267,380	0.97	95.34	1,669,506	2025-12-08 00:34:05	-24.09%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	28.74	19.56	12.64	3.67	-2.24
Diluted EPS (Rs.)	28.68	19.51	12.64	3.66	-2.24
Cash EPS (Rs.)	39.66	30.43	23.09	12.29	6.54
Book Value[Excl.RevalReserv]/Share (Rs.)	230.39	147.83	133.10	121.64	116.40
Book Value[Incl.RevalReserv]/Share (Rs.)	230.73	148.19	133.46	122.00	116.79
Revenue From Operations / Share (Rs.)	207.64	211.89	149.29	130.23	92.45
PBDIT / Share (Rs.)	67.67	58.93	42.37	36.18	25.24
PBIT / Share (Rs.)	55.85	45.85	28.74	20.95	14.01
PBT / Share (Rs.)	35.57	24.61	11.87	-0.77	-6.05
Net Profit / Share (Rs.)	27.84	17.35	9.45	-2.93	-4.69
NP After MI And SOA / Share (Rs.)	28.06	19.54	12.63	3.59	-2.20
PBDIT Margin (%)	32.58	27.81	28.38	27.77	27.30
PBIT Margin (%)	26.89	21.64	19.24	16.09	15.14
PBT Margin (%)	17.13	11.61	7.95	-0.59	-6.54
Net Profit Margin (%)	13.41	8.19	6.33	-2.24	-5.07
NP After MI And SOA Margin (%)	13.51	9.22	8.45	2.76	-2.37
Return on Networth / Equity (%)	12.18	12.87	9.18	2.92	-1.98
Return on Capital Employeed (%)	12.77	11.97	8.69	6.37	4.42
Return On Assets (%)	3.10	2.52	1.77	0.54	-0.33
Long Term Debt / Equity (X)	0.77	1.39	1.32	1.55	1.68
Total Debt / Equity (X)	0.93	1.52	1.43	1.71	1.71
Asset Turnover Ratio (%)	0.25	0.28	0.18	0.19	0.14
Current Ratio (X)	1.21	1.16	1.11	1.12	1.04
Quick Ratio (X)	0.43	0.30	0.27	0.30	0.21
Inventory Turnover Ratio (X)	0.61	0.02	0.00	0.01	0.01
Dividend Payout Ratio (NP) (%)	6.74	10.22	11.85	33.28	0.00
Dividend Payout Ratio (CP) (%)	4.74	6.12	5.70	6.35	0.00
Earning Retention Ratio (%)	93.26	89.78	88.15	66.72	0.00
Cash Earning Retention Ratio (%)	95.26	93.88	94.30	93.65	0.00
Interest Coverage Ratio (X)	3.34	2.77	2.25	1.88	1.53
Interest Coverage Ratio (Post Tax) (X)	2.37	1.82	1.40	0.97	0.93
Enterprise Value (Cr.)	26165.30	25130.78	13910.61	15771.58	9380.40
EV / Net Operating Revenue (X)	5.16	5.13	4.04	5.26	4.81
EV / EBITDA (X)	15.82	18.45	14.23	18.93	17.62
MarketCap / Net Operating Revenue (X)	4.71	4.42	3.18	3.97	2.98
Retention Ratios (%)	93.25	89.77	88.14	66.71	0.00
Price / BV (X)	4.24	6.16	3.45	4.21	2.49
Price / Net Operating Revenue (X)	4.71	4.42	3.18	3.97	2.98
EarningsYield	0.02	0.02	0.02	0.01	-0.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Frequently asked questions

What is the intrinsic value of Brigade Enterprises Ltd and is it undervalued?

Brigade Enterprises Ltd: the stored intrinsic value estimate is ₹428.10, compared with a stored share price of ₹606.00. The model value is 29.4% below that quote. The model classifies this as overvalued; it is an estimate dependent on the inputs and assumptions, not a price target or a buy/sell recommendation. The estimate uses the available valuation models and weights shown in the Intrinsic Value panel, including earnings, cash-flow and asset-based approaches where data permits. It is not a P/E-only calculation.

What share price and 52-week range are shown for Brigade Enterprises Ltd?

The stored share price is ₹606.00. Price-data record updated: 25 September 2026, 4:16 am +05:30. This is not a live quote. The stored 52-week high / low is 802/451; this is a rolling range, not a financial-year range.

How have Brigade Enterprises Ltd's revenue and profit changed?

Does Brigade Enterprises Ltd's profit convert into cash?

What should I check in Brigade Enterprises Ltd's balance sheet?

Reported borrowings were ₹6,344.00 Cr in Mar 2026. Read this alongside cash, interest costs and repayment obligations; reserves are an accounting balance and are not the same as available cash.

How should I compare Brigade Enterprises Ltd's P/E with other stocks?

The stored P/E is 29.00. Compare companies with similar business models, growth, leverage and accounting periods. The industry group on this page is broad, and its average can be affected by outliers. A lower P/E alone does not establish undervaluation.

What could change Brigade Enterprises Ltd's intrinsic value estimate?

Changes in sustainable earnings, cash generation, capital needs, debt and share count can change the estimate. The displayed model uses a 12% cost of equity and 4% terminal growth assumption where applicable. Higher discount rates or weaker growth generally reduce discounted values. Compare the individual model values and weights, and verify fresh filings before relying on the result.