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Last Updated on: 22 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

Brigade Enterprises Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:45 am

Market Cap 30,207 Cr.
Current Price 1,237
High / Low 1,453/826
Stock P/E66.0
Book Value 211
Dividend Yield0.16 %
ROCE12.7 %
ROE11.7 %
Face Value 10.0
PEG Ratio4.03

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

View Share Price Target for

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Hampton Sky Realty Ltd 871 Cr. 31.8 55.5/22.433.9 5.740.00 %15.7 %10.6 % 1.00
Grovy India Ltd 76.0 Cr. 57.0 98.2/22.6 14.00.04 %5.79 %5.27 % 10.0
Gothi Plascon (India) Ltd 39.5 Cr. 38.7 53.9/31.030.2 12.45.16 %17.8 %12.9 % 10.0
Generic Engineering Construction & Projects Ltd 260 Cr. 45.7 71.0/32.623.8 48.50.00 %6.61 %4.33 % 5.00
Garnet Construction Ltd 52.8 Cr. 38.0 57.2/20.57.94 73.30.00 %4.51 %3.13 % 10.0
Industry Average22,150.84 Cr582.2250.95136.720.46%10.29%8.69%6.13

All Competitor Stocks of

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales6457913837539219429028798208436541,3671,174
Expenses4966022725606647376706636126414791,042912
Operating Profit148189111192258205233216208202175325262
OPM %23%24%29%26%28%22%26%25%25%24%27%24%22%
Other Income-30-6-11813332513847314134
Interest8690113113108109106110118100108110135
Depreciation59668588879175787883687682
Profit before tax-2727-98-0758838050653018079
Tax %20%26%12%-12,309%38%255%22%35%14%3%27%38%30%
Net Profit-2120-86-1446-12655243632211256
EPS in Rs-0.771.88-1.750.523.411.413.813.362.473.001.675.783.18

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales6138239471,3112,0382,0241,8972,9732,6321,9502,9993,4454,037
Expenses4706146489281,5481,4441,3412,1741,9651,4742,2292,5783,073
Operating Profit143209298383490580557799667476770866964
OPM %23%25%32%29%24%29%29%27%25%24%26%25%24%
Other Income381220203429364727-179161154
Interest6090113131199246259278340347444434453
Depreciation53778299106123138140192237351315309
Profit before tax6754124172219240196427161-125-15278355
Tax %15%-12%28%33%37%31%32%34%29%23%-331%20%
Net Profit576190116139167133282114-96-65222253
EPS in Rs3.383.645.465.637.308.986.8211.746.39-2.203.5912.6313.63
Dividend Payout %0%28%24%24%18%19%20%11%31%-55%42%16%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)7.02%47.54%28.89%19.83%20.14%-20.36%112.03%-59.57%-184.21%32.29%441.54%
Change in YoY Net Profit Growth (%)0.00%40.52%-18.65%-9.06%0.32%-40.50%132.39%-171.60%-124.64%216.50%409.25%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:18%
5 Years:11%
3 Years:36%
TTM:36%
Compounded Profit Growth
10 Years:17%
5 Years:11%
3 Years:150%
TTM:93%
Stock Price CAGR
10 Years:29%
5 Years:42%
3 Years:36%
1 Year:42%
Return on Equity
10 Years:7%
5 Years:6%
3 Years:7%
Last Year:12%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 3:51 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital112112113113114136136204211230231231244
Reserves1,1001,1681,2441,4251,5812,1512,0332,0772,1372,6803,0143,4184,908
Borrowings1,0571,0211,6632,4592,5763,3903,7854,5225,0054,9064,6345,4705,385
Other Liabilities6881,0401,2782,0002,0792,1334,8455,4486,4617,2858,4868,74010,103
Total Liabilities2,9573,3414,2985,9976,3507,81010,80012,25113,81415,10116,36517,86020,640
Fixed Assets1,0531,2271,3623401,4311,8052,2772,9985,0204,9054,6814,5934,540
CWIP3892464861,4111,5642,1292,0102,0974955417401,2321,949
Investments782349945423698728950962504
Other Assets1,5071,7872,4163,2523,3023,6406,4167,0838,2109,14710,88211,98514,147
Total Assets2,9573,3414,2985,9976,3507,81010,80012,25113,81415,10116,36517,86020,640

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +2949026339398494674658031,032966334
Cash from Investing Activity +-84-234-384-948-335-1,084-452-717-748-971-271-379
Cash from Financing Activity +54-262373631-581,032453213033-695241
Net Cash Flow-2-516215-4606984941195

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow143.00208.00297.00382.00488.00578.00554.00796.00663.00471.00766.00862.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days91448734526099614937
Inventory Days1,9783,0423,2443,8982,0403,6539,7128,4862,498
Days Payable185559740942258351949885245
Cash Conversion Cycle1,8021442,4912,5112,9911,8343,3628,8617,662492,290
Working Capital Days340-34638411077447-50-2-2310
ROCE %7%10%11%12%11%9%12%8%4%6%8%13%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters43.96%43.91%43.88%43.85%43.82%43.80%43.79%43.78%43.77%43.75%43.73%43.72%
FIIs13.08%13.93%13.64%13.31%13.44%14.24%14.31%13.67%13.40%13.73%14.86%16.17%
DIIs24.97%23.86%23.86%24.69%25.28%24.55%24.62%25.45%25.41%25.01%23.84%22.86%
Public17.99%18.30%18.62%18.15%17.46%17.39%17.27%17.09%17.44%17.50%17.58%17.26%
No. of Shareholders51,29357,41763,19763,53164,88664,27062,61160,92063,53568,71276,97786,130

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Axis Small Cap Fund7,939,8463.62648.091,509,5482024-12-20425.98%
Axis Flexi Cap Fund3,639,3442.67297.061,509,5482024-12-20141.09%
SBI Small Cap Fund3,435,0131.22280.381,509,5482024-12-20127.55%
Nippon India Small Cap Fund1,509,5480.3123.221,509,5482024-12-200%
ICICI Prudential Smallcap Fund1,977,8382.03121.731,509,5482024-12-2031.02%
Axis Multicap Fund1,444,9462.55117.941,509,5482024-12-20-4.28%
UTI Value Fund1,669,5061.39102.751,509,5482024-12-2010.6%
Aditya Birla Sun Life Multi-Cap Fund1,203,8572.198.261,509,5482024-12-20-20.25%
Edelweiss Balanced Advantage Fund1,070,0000.987.341,509,5482024-12-20-29.12%
Aditya Birla Sun Life Small Cap Fund1,023,6171.6683.551,509,5482024-12-20-32.19%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)19.5612.643.67-2.246.39
Diluted EPS (Rs.)19.5112.643.66-2.246.34
Cash EPS (Rs.)30.4323.0912.296.5414.90
Book Value[Excl.RevalReserv]/Share (Rs.)147.83133.10121.64116.40119.32
Book Value[Incl.RevalReserv]/Share (Rs.)148.19133.46122.00116.79119.73
Revenue From Operations / Share (Rs.)211.89149.29130.2392.45128.79
PBDIT / Share (Rs.)58.9342.3736.1825.2434.87
PBIT / Share (Rs.)45.8528.7420.9514.0125.47
PBT / Share (Rs.)24.6111.87-0.77-6.057.82
Net Profit / Share (Rs.)17.359.45-2.93-4.695.50
NP After MI And SOA / Share (Rs.)19.5412.633.59-2.206.39
PBDIT Margin (%)27.8128.3827.7727.3027.07
PBIT Margin (%)21.6419.2416.0915.1419.77
PBT Margin (%)11.617.95-0.59-6.546.06
Net Profit Margin (%)8.196.33-2.24-5.074.27
NP After MI And SOA Margin (%)9.228.452.76-2.374.96
Return on Networth / Equity (%)12.879.182.92-1.985.74
Return on Capital Employeed (%)11.978.696.374.427.93
Return On Assets (%)2.521.770.54-0.331.06
Long Term Debt / Equity (X)1.391.321.551.681.70
Total Debt / Equity (X)1.521.431.711.711.72
Asset Turnover Ratio (%)0.280.180.190.140.20
Current Ratio (X)1.161.111.121.041.11
Quick Ratio (X)0.300.270.300.210.19
Inventory Turnover Ratio (X)0.020.000.010.010.01
Dividend Payout Ratio (NP) (%)10.2211.8533.280.0044.01
Dividend Payout Ratio (CP) (%)6.125.706.350.0017.81
Earning Retention Ratio (%)89.7888.1566.720.0055.99
Cash Earning Retention Ratio (%)93.8894.3093.650.0082.19
Interest Coverage Ratio (X)2.772.251.881.532.09
Interest Coverage Ratio (Post Tax) (X)1.821.400.970.931.39
Enterprise Value (Cr.)25130.7813910.6115771.589380.406469.51
EV / Net Operating Revenue (X)5.134.045.264.812.46
EV / EBITDA (X)18.4514.2318.9317.629.08
MarketCap / Net Operating Revenue (X)4.423.183.972.981.02
Retention Ratios (%)89.7788.1466.710.0055.98
Price / BV (X)6.163.454.212.491.19
Price / Net Operating Revenue (X)4.423.183.972.981.02
EarningsYield0.020.020.01-0.010.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 1,631.95

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 22, 2024, is Undervalued by 31.93% compared to the current share price 1,237.00

Intrinsic Value of as of December 22, 2024 is: 1,898.92

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 22, 2024, is Undervalued by 53.51% compared to the current share price 1,237.00

Last 5 Year EPS CAGR: 16.36%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (184.85 cr) and profit (165.62 cr) over the years.
  1. The stock has a low average ROCE of 9.25%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 46.17, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 7.92, which may not be favorable.
  4. The company has higher borrowings (3,528.69) compared to reserves (2,225.85), which may suggest financial risk.
  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
    1. Net Profit Margin: 8.19%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 11.97% (Industry Average ROCE: 10.29%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 12.87% (Industry Average ROE: 8.69%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 1.82
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.3
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 66 (Industry average Stock P/E: 50.95)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 1.52
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Brigade Enterprises Ltd. is a Public Limited Listed company incorporated on 08/11/1995 and has its registered office in the State of Karnataka, India. Company’s Corporate Identification Number(CIN) is L85110KA1995PLC019126 and registration number is 019126. Currently Company is involved in the business activities of Real estate activities with own or leased property. Company’s Total Operating Revenue is Rs. 2160.76 Cr. and Equity Capital is Rs. 230.26 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Realty29th & 30th Floor, World Trade Center, Brigade Gateway Campus, Bengaluru Karnataka 560055investors@brigadegroup.com
http://www.brigadegroup.com
Management
NamePosition Held
Mr. M R JaishankarExecutive Chairman
Ms. Pavitra ShankarManaging Director
Mr. Nirupa ShankarJoint Managing Director
Mr. Roshin MathewExecutive Director
Mr. Pradyumna Krishna KumarExecutive Director
Mr. Amar MysoreExecutive Director
Mr. Velloor Venkatakrishnan RanganathanIndependent Director
Mr. Aroon RamanVice Chairman, Non Exe. & Ind.Director
Mr. Bijou KurienIndependent Director
Ms. Lakshmi VenkatachalamIndependent Director
Mr. Pradeep Kumar PanjaIndependent Director
Dr. Venkatesh PanchapagesanIndependent Director
Mr. Abraham StephanosIndependent Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹1631.95, which is 31.93% higher than the current market price of ₹1,237.00. The stock has a market capitalization of 30,207 Cr. and recorded a high/low of 1,453/826 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹4,908 Cr and total liabilities of ₹20,640 Cr.

What is the Market Cap of ?

The Market Cap of is 30,207 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 1,237.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 1,453/826.

What is the Stock P/E of ?

The Stock P/E of is 66.0.

What is the Book Value of ?

The Book Value of is 211.

What is the Dividend Yield of ?

The Dividend Yield of is 0.16 %.

What is the ROCE of ?

The ROCE of is 12.7 %.

What is the ROE of ?

The ROE of is 11.7 %.

What is the Face Value of ?

The Face Value of is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in . Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE