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Last Updated on: 30 May, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Brigade Enterprises Ltd

About the Company - Brigade Enterprises Ltd

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, Bengaluru Karnataka 560055investors@brigadegroup.com
http://www.brigadegroup.com
Management
NamePosition Held
Mr. M R JaishankarExecutive Chairman
Mr. Aroon RamanVice Chairman & Independent Director
Ms. Pavitra ShankarManaging Director
Ms. Nirupa ShankarJoint Managing Director
Mr. Amar MysoreExecutive Director
Mr. Roshin MathewExecutive Director
Mr. Pradyumna Krishna KumarExecutive Director
Ms. Lakshmi VenkatachalamIndependent Director
Dr. Venkatesh PanchapagesanIndependent Director
Mr. Pradeep Kumar PanjaIndependent Director
Mr. Velloor Venkatakrishnan RanganathanIndependent Director
Mr. Bijou KurienIndependent Director

Basic Stock Data of Brigade Enterprises Ltd

Last Updated: May 7, 2024, 8:56 am

Market Cap 25,602 Cr.
Current Price 1,110
High / Low1,126/520
Stock P/E103
Book Value 146
Dividend Yield0.18 %
ROCE8.41 %
ROE6.34 %
Face Value 10.0
PEG Ratio6.30

Competitors of Brigade Enterprises Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Sobha Ltd 18,463 Cr. 1,9471,987/505376 2650.15 %7.12 %1.96 % 10.0
SKIL Infrastructure Ltd 121 Cr. 5.6010.2/3.0041.5 9.140.00 %0.21 %% 10.0
SPML Infra Ltd – a Multi-sector Infrastructure Player 671 Cr. 137154/30.243.0 69.30.00 %2.51 %0.11 % 2.00
Bharat Road Network Ltd 445 Cr. 53.298.5/26.0 27.90.00 %2.35 %52.5 % 10.0
Consolidated Construction Consortium Ltd 59.8 Cr. 1.501.50/1.25 0.690.00 %125 %% 2.00
Industry Average3,951.96 Cr428.8692.1074.410.03%27.44%10.91%6.80

Brigade Enterprises Ltd Quarterly Results

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: May 11, 2024, 10:05 am

Brigade Enterprises Ltd Quarterly Chart

Brigade Enterprises Ltd Profit & Loss

Last Updated: May 27, 2024, 5:14 am

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%

Brigade Enterprises Ltd Profit & Loss Yearly Chart

Brigade Enterprises Ltd Growth

Compounded Sales Growth
10 Years:15%
5 Years:13%
3 Years:9%
TTM:14%
Compounded Profit Growth
10 Years:13%
5 Years:8%
3 Years:15%
TTM:111%
Stock Price CAGR
10 Years:36%
5 Years:47%
3 Years:60%
1 Year:99%
Return on Equity
10 Years:6%
5 Years:5%
3 Years:3%
Last Year:6%

Last Updated: April 17, 2024, 1:10 pm

Brigade Enterprises Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital112112112113113114136136204211230231231
Reserves1,0541,1001,1681,2441,4251,5812,1512,0332,0482,1372,6803,0143,151
Preference Capital000000000000
Borrowings8511,0571,0211,6632,4592,5763,3903,7854,5225,0054,9064,6344,875
Other Liabilities7206881,0401,2782,0002,0792,1334,8455,4776,4617,2858,4868,703
Total Liabilities2,7382,9573,3414,2985,9976,3507,81010,80012,25113,81415,10116,36516,960
Fixed Assets5081,0531,2271,3623401,4311,8052,2772,9985,0204,9054,6814,609
CWIP9253892464861,4111,5642,1292,0102,097495541740805
Investments27823499454236987289509625
Other Assets1,3031,5071,7872,4163,2523,3023,6406,4167,0838,2109,14710,88211,541
Total Assets2,7382,9573,3414,2985,9976,3507,81010,80012,25113,81415,10116,36516,960

Brigade Enterprises Ltd Reserves and Borrowings Chart

Brigade Enterprises Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 2492949026339398494674658031,032966
Cash from Investing Activity -223-84-234-384-948-335-1,084-452-717-748-971-271
Cash from Financing Activity -2354-262373631-581,032453213033-695
Net Cash Flow4-2-516215-4606984941

Brigade Enterprises Ltd Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days21914487345260996149
Inventory Days1,9783,0423,2443,8982,0403,6539,7128,486
Days Payable185559740942258351949885
Cash Conversion Cycle211,8021442,4912,5112,9911,8343,3628,8617,66249
Working Capital Days325340-34638411077447-50-2-23
ROCE %6%7%10%11%12%11%9%12%8%4%6%8%

Brigade Enterprises Ltd Financial Efficiency Indicators Chart

Brigade Enterprises Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters44.11%43.96%43.91%43.88%43.85%43.82%43.80%43.79%43.78%43.77%43.75%43.73%
FIIs12.89%13.08%13.93%13.64%13.31%13.44%14.24%14.31%13.67%13.40%13.73%14.86%
DIIs25.20%24.97%23.86%23.86%24.69%25.28%24.55%24.62%25.45%25.41%25.01%23.84%
Public17.80%17.99%18.30%18.62%18.15%17.46%17.39%17.27%17.09%17.44%17.50%17.58%
No. of Shareholders46,05551,29357,41763,19763,53164,88664,27062,61160,92063,53568,71276,977

Brigade Enterprises Ltd Shareholding Pattern Chart

No. of Brigade Enterprises Ltd Shareholders

Brigade Enterprises Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Axis Small Cap Fund79398463.62648.09
Axis Flexi Cap Fund36393442.67297.06
SBI Small Cap Fund34350131.22280.38
Nippon India Small Cap Fund15095480.3123.22
ICICI Prudential Smallcap Fund19778382.03121.73
Axis Multicap Fund14449462.55117.94
UTI Value Fund16695061.39102.75
Aditya Birla Sun Life Multi-Cap Fund12038572.198.26
Edelweiss Balanced Advantage Fund10700000.987.34
Aditya Birla Sun Life Small Cap Fund10236171.6683.55

Brigade Enterprises Ltd ROCE Trend

Brigade Enterprises Ltd EPS Trend

Brigade Enterprises Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)12.643.67-2.246.3917.62
Diluted EPS (Rs.)12.643.66-2.246.3417.58
Cash EPS (Rs.)23.0912.296.5414.9030.85
Book Value[Excl.RevalReserv]/Share (Rs.)133.10121.64116.40119.32172.53
Book Value[Incl.RevalReserv]/Share (Rs.)133.46122.00116.79119.73173.14
Revenue From Operations / Share (Rs.)149.29130.2392.45128.79218.30
PBDIT / Share (Rs.)42.3736.1825.2434.8761.99
PBIT / Share (Rs.)28.7420.9514.0125.4751.71
PBT / Share (Rs.)11.87-0.77-6.057.8231.26
Net Profit / Share (Rs.)9.45-2.93-4.695.5020.57
NP After MI And SOA / Share (Rs.)12.633.59-2.206.3917.62
PBDIT Margin (%)28.3827.7727.3027.0728.39
PBIT Margin (%)19.2416.0915.1419.7723.68
PBT Margin (%)7.95-0.59-6.546.0614.31
Net Profit Margin (%)6.33-2.24-5.074.279.42
NP After MI And SOA Margin (%)8.452.76-2.374.968.07
Return on Networth / Equity (%)9.182.92-1.985.7411.10
Return on Capital Employeed (%)8.696.374.427.9312.05
Return On Assets (%)1.770.54-0.331.062.22
Long Term Debt / Equity (X)1.321.551.681.701.53
Total Debt / Equity (X)1.431.711.711.721.56
Asset Turnover Ratio (%)0.180.190.140.200.23
Current Ratio (X)1.111.121.041.111.16
Quick Ratio (X)0.270.300.210.190.19
Inventory Turnover Ratio (X)0.000.010.010.010.02
Dividend Payout Ratio (NP) (%)11.8533.280.0044.0113.68
Dividend Payout Ratio (CP) (%)5.706.350.0017.818.64
Earning Retention Ratio (%)88.1566.720.0055.9986.32
Cash Earning Retention Ratio (%)94.3093.650.0082.1991.36
Interest Coverage Ratio (X)2.251.881.532.093.03
Interest Coverage Ratio (Post Tax) (X)1.400.970.931.392.01
Enterprise Value (Cr.)13910.6115771.589380.406469.516743.78
EV / Net Operating Revenue (X)4.045.264.812.462.27
EV / EBITDA (X)14.2318.9317.629.087.99
MarketCap / Net Operating Revenue (X)3.183.972.981.021.14
Retention Ratios (%)88.1466.710.0055.9886.31
Price / BV (X)3.454.212.491.191.57
Price / Net Operating Revenue (X)3.183.972.981.021.14
EarningsYield0.020.01-0.010.040.07

Brigade Enterprises Ltd Profitability Ratios (%)

Brigade Enterprises Ltd Liquidity Ratios

Brigade Enterprises Ltd Liquidity Ratios (%)

Brigade Enterprises Ltd Interest Coverage Ratios (%)

Brigade Enterprises Ltd Valuation Ratios

Fair Value

Fair Value: ₹955.13

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.

Overvalued: 13.95% compared to the current price ₹1110

Intrinsic Value: ₹1,111.37

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 0.12% compared to the current price ₹1110

Last 5 Year EPS CAGR: 16.36%

*Investments are subject to market risks

Strength and Weakness of Brigade Enterprises Ltd Stock

StrengthWeakness
  1. The company has higher reserves (1,906.62 cr) compared to borrowings (0.00 cr), indicating strong financial stability.
  2. 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 8.67%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 72.42, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 9.50, which may not be favorable.

FAQ

What is the latest fair value of Brigade Enterprises Ltd?

The latest fair value of Brigade Enterprises Ltd is ₹955.13.

What is the Market Cap of Brigade Enterprises Ltd?

The Market Cap of Brigade Enterprises Ltd is 25,602 Cr..

What is the current Stock Price of Brigade Enterprises Ltd as on 08 May 2024?

The current stock price of Brigade Enterprises Ltd as on 08 May 2024 is 1,110.

What is the High / Low of Brigade Enterprises Ltd stocks in FY 2024?

In FY 2024, the High / Low of Brigade Enterprises Ltd stocks is ₹1,126/520.

What is the Stock P/E of Brigade Enterprises Ltd?

The Stock P/E of Brigade Enterprises Ltd is 103.

What is the Book Value of Brigade Enterprises Ltd?

The Book Value of Brigade Enterprises Ltd is 146.

What is the Dividend Yield of Brigade Enterprises Ltd?

The Dividend Yield of Brigade Enterprises Ltd is 0.18 %.

What is the ROCE of Brigade Enterprises Ltd?

The ROCE of Brigade Enterprises Ltd is 8.41 %.

What is the ROE of Brigade Enterprises Ltd?

The ROE of Brigade Enterprises Ltd is 6.34 %.

What is the Face Value of Brigade Enterprises Ltd?

The Face Value of Brigade Enterprises Ltd 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 Brigade Enterprises Ltd. 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