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Last Updated on: 21 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

Godrej Properties Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:31 am

Market Cap 86,016 Cr.
Current Price 2,856
High / Low 3,403/1,937
Stock P/E62.1
Book Value 390
Dividend Yield0.00 %
ROCE5.74 %
ROE6.79 %
Face Value 5.00
PEG Ratio3.59

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
Sales170433861292791,3312451651961,646936343330
Expenses2306551802303521,1203102752511,3001,085438397
Operating Profit-59-222-93-100-73211-66-110-55346-149-95-66
OPM %-35%-51%-108%-78%-26%16%-27%-66%-28%21%-16%-28%-20%
Other Income141143176205188192182204208284379262218
Interest45414241424334414654304843
Depreciation55555656677714
Profit before tax31-125365868354764810157019311195
Tax %54%-53%52%39%43%27%43%-39%44%20%31%35%34%
Net Profit14-1921736392594367564541347363
EPS in Rs0.57-6.890.611.291.409.371.641.982.1114.824.492.402.24

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
Sales7701,0371,1791,8432,1231,5831,6042,8172,4417651,8252,2523,122
Expenses6507518971,5861,9861,3301,8192,6392,1811,2141,8802,0453,075
Operating Profit120286283257137253-216178260-449-5620747
OPM %16%28%24%14%6%16%-13%6%11%-59%-3%9%1%
Other Income881075831461504994194735687617871,133
Interest534541104150234220185167174177
Depreciation44610141416142120212427
Profit before tax199289347326228284117348493-86516795975
Tax %35%32%32%28%30%27%26%27%44%-121%32%22%
Net Profit12919723623616020787253274-189351621717
EPS in Rs4.926.958.009.587.339.564.0111.0410.73-6.8112.6820.5523.82
Dividend Payout %24%23%25%21%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)52.71%19.80%0.00%-32.20%29.38%-57.97%190.80%8.30%-168.98%285.71%76.92%
Change in YoY Net Profit Growth (%)0.00%-32.92%-19.80%-32.20%61.58%-87.35%248.78%-182.50%-177.28%454.69%-208.79%

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:10%
5 Years:2%
3 Years:58%
TTM:15%
Compounded Profit Growth
10 Years:17%
5 Years:25%
3 Years:70%
TTM:110%
Stock Price CAGR
10 Years:28%
5 Years:25%
3 Years:16%
1 Year:45%
Return on Equity
10 Years:5%
5 Years:4%
3 Years:5%
Last Year:7%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 11:40 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital7899100108108108115126139139139139139
Reserves1,3511,6941,7471,6571,8961,1022,3544,6828,1818,5369,1259,85310,711
Borrowings1,6782,5743,4863,1233,9803,7033,5163,7154,5935,1966,43110,67913,590
Other Liabilities1,5721,7792,0301,6911,1973,3582,1071,5673,3333,9327,41015,06318,165
Total Liabilities4,6796,1477,3636,5787,1818,2718,09210,09016,24517,80423,10535,73542,604
Fixed Assets5164117107102113971131741832189971,078
CWIP3662731071100163229340653250193
Investments0006647601,4542,6373,5715,2434,8832,5343,1504,562
Other Assets4,5936,0217,1735,8076,3196,6335,2596,24310,59912,39719,70031,33736,771
Total Assets4,6796,1477,3636,5787,1818,2718,09210,09016,24517,80423,10535,73542,604

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +121-689-941490-5661,155478-232-671-452-2,861-693
Cash from Investing Activity +-15-185-9619114-973-971-1,721-3,3171272,564-1,974
Cash from Financing Activity +-4421,566852-554335-4939701,9744,2592358323,258
Net Cash Flow-336692-184126-217-31147622271-90536591

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow120.00285.00281.00254.00134.00250.00-219.00175.00257.00-453.00-61.00201.00

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 Days3750343053362165120385837
Inventory Days5,457495
Days Payable45756
Cash Conversion Cycle37503430535,03546165120385837
Working Capital Days9761,0208486351,0704782634522,6171,3121,5741,565
ROCE %9%8%5%5%7%1%10%9%1%5%6%6%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters58.43%58.43%58.43%58.43%58.48%58.48%58.48%58.48%58.48%58.48%58.48%58.47%
FIIs30.02%29.85%28.38%27.73%27.50%27.41%27.09%28.85%29.25%29.73%29.67%29.91%
DIIs4.33%4.09%4.56%4.92%4.54%4.56%4.69%4.29%4.61%4.69%5.56%5.62%
Public7.22%7.63%8.63%8.92%9.48%9.56%9.74%8.37%7.66%7.10%6.31%5.98%
No. of Shareholders82,8711,13,4391,75,1891,87,0962,00,9001,97,6641,98,3011,65,6661,52,7691,41,0351,32,1521,33,402

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Blue Chip Fund1,700,0000.73282.14151,5252024-12-181021.93%
HSBC Midcap Fund995,4002.06165.2151,5252024-12-18556.92%
SBI Magnum Midcap Fund850,0001.07141.07151,5252024-12-18460.96%
Kotak Equity Arbitrage Fund - Regular Plan445,5500.2673.95151,5252024-12-18194.04%
Edelweiss Mid Cap Fund376,0361.6562.41151,5252024-12-18148.17%
ICICI Prudential MidCap Fund301,1601.1849.98151,5252024-12-1898.75%
DSP Arbitrage Fund160,5501.0226.65151,5252024-12-185.96%
ICICI Prudential Equity - Arbitrage Fund153,9000.1725.54151,5252024-12-181.57%
SBI Arbitrage Opportunities Fund151,5250.1125.15151,5252024-12-180%
Invesco India Arbitrage Fund107,3500.2117.82151,5252024-12-18-29.15%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)26.0920.5512.68-7.4810.97
Diluted EPS (Rs.)26.0820.5512.67-7.4810.97
Cash EPS (Rs.)27.4724.6620.17-1.9415.06
Book Value[Excl.RevalReserv]/Share (Rs.)370.50334.05312.02299.33190.77
Book Value[Incl.RevalReserv]/Share (Rs.)370.50334.05312.02299.33190.77
Revenue From Operations / Share (Rs.)109.1881.0165.6527.5296.87
PBDIT / Share (Rs.)42.0437.2032.168.4532.48
PBIT / Share (Rs.)40.4436.3431.397.7531.67
PBT / Share (Rs.)34.9730.0725.361.0922.93
Net Profit / Share (Rs.)25.8723.7919.40-2.6414.25
NP After MI And SOA / Share (Rs.)26.0920.5512.68-6.8210.73
PBDIT Margin (%)38.5045.9248.9830.6933.52
PBIT Margin (%)37.0344.8547.8128.1432.68
PBT Margin (%)32.0237.1138.633.9723.67
Net Profit Margin (%)23.6929.3629.55-9.5914.70
NP After MI And SOA Margin (%)23.8925.3619.30-24.7611.08
Return on Networth / Equity (%)7.256.164.06-2.275.62
Return on Capital Employeed (%)8.6410.848.912.2716.55
Return On Assets (%)2.022.471.97-1.162.68
Long Term Debt / Equity (X)0.260.000.110.120.00
Total Debt / Equity (X)1.070.690.590.540.66
Asset Turnover Ratio (%)0.100.060.090.040.23
Current Ratio (X)1.431.461.881.931.45
Quick Ratio (X)0.430.581.181.221.05
Interest Coverage Ratio (X)7.685.945.341.273.72
Interest Coverage Ratio (Post Tax) (X)5.734.804.220.602.63
Enterprise Value (Cr.)71967.8133070.1150310.5342983.5517893.61
EV / Net Operating Revenue (X)23.7114.6827.5756.197.33
EV / EBITDA (X)61.5731.9756.28183.0621.86
MarketCap / Net Operating Revenue (X)21.0612.7225.4751.176.22
Price / BV (X)6.403.095.364.713.16
Price / Net Operating Revenue (X)21.0612.7225.4751.176.22
EarningsYield0.010.010.010.000.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 21, 2024 is: 1,677.36

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 21, 2024, is Overvalued by 41.27% compared to the current share price 2,856.00

Intrinsic Value of as of December 21, 2024 is: 1,967.41

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 21, 2024, is Overvalued by 31.11% compared to the current share price 2,856.00

Last 5 Year EPS CAGR: 17.29%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (119.38 cr) and profit (371.62 cr) over the years.
  1. The stock has a low average ROCE of 6.00%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 304.92, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 82.33, which may not be favorable.
  4. The company has higher borrowings (5,097.23) compared to reserves (4,837.62), 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: 23.69%
      • 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: 8.64% (Industry Average ROCE: 9.97%)
      • 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%: 7.25% (Industry Average ROE: 8.15%)
      • 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): 5.73
      • 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: 0.43
      • 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: 62.1 (Industry average Stock P/E: 42.99)
      • 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: 1.07
      • 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

Godrej Properties Ltd. is a Public Limited Listed company incorporated on 08/02/1985 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L74120MH1985PLC035308 and registration number is 035308. Currently Company is involved in the business activities of Construction of buildings. Company’s Total Operating Revenue is Rs. 1473.45 Cr. and Equity Capital is Rs. 138.99 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
RealtyGodrej One, 5th Floor, Mumbai Maharashtra 400079secretarial@godrejproperties.com
http://www.godrejproperties.com
Management
NamePosition Held
Mr. Adi B GodrejChairman Emeritus
Mr. Pirojsha GodrejExecutive Chairperson
Mr. Gaurav PandeyManaging Director & CEO
Mr. Nadir B GodrejNon Exe.Non Ind.Director
Ms. Sutapa BanerjeeIndependent Director
Dr. Indu BhushanIndependent Director
Ms. Jayashree VaidhyanathanIndependent Director
Mr. Sumeet NarangIndependent Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹1677.36, which is 41.27% lower than the current market price of ₹2,856.00. The stock has a market capitalization of 86,016 Cr. and recorded a high/low of 3,403/1,937 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹10,711 Cr and total liabilities of ₹42,604 Cr.

What is the Market Cap of ?

The Market Cap of is 86,016 Cr..

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

The current stock price of as on 21 December 2024 is 2,856.

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

In FY 2024-2025, the High / Low of stocks is 3,403/1,937.

What is the Stock P/E of ?

The Stock P/E of is 62.1.

What is the Book Value of ?

The Book Value of is 390.

What is the Dividend Yield of ?

The Dividend Yield of is 0.00 %.

What is the ROCE of ?

The ROCE of is 5.74 %.

What is the ROE of ?

The ROE of is 6.79 %.

What is the Face Value of ?

The Face Value of is 5.00.

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