Brigade Enterprises Limited is an Indian company engaged in the business of developing residential and commercial real estate properties. The company also provides its clients related services such as leasing and property management. It also owns a subsidiary called Brigade Hospitality Services Limited, which operates its hospitality business. The company was incorporated on 8 November 1995 as a real estate development company. As of 17 October 2022, the company’s market capitalisation stood at Rs 11,407 crore.
The company got listed on the stock exchanges through its Initial Public Offering in December 2007. It is listed on the National Stock Exchange under the code BRIGADE and on the Bombay Stock Exchange (BSE) under the scrip 532929.
As of 17 October 2022, Brigade Enterprises has completed the construction of more than 250 buildings spreading across 76 million square feet. The company’s projects are primarily located in Southern parts of India, including Bengaluru, Chennai, Chikmagalore, Kochi, Hyderabad, Mysuru, and Mangalore. It also has a representative office in Dubai. For the quarter that ended in June 2022, the company reported consolidated sales of Rs 902.49 crore with a net profit of Rs 87.68 crore.
In June 2022, the shareholding pattern of the company reflected that promoters held a 43.85% stake in the company, 22.93% was invested in mutual funds, 18.71% belonged to retail investors, 13.31% was owned by foreign institutional investors, and the remaining 1.20% belonged to other domestic institutions. Top mutual funds in which the company has invested include Axis Small Cap Direct Growth Fund, L&T Infrastructure Direct Growth Fund, L&T Emerging Business Fund Direct Growth, and Baroda BNP Paribas Multi-cap Fund Direct Growth.
The company’s management team comprises Mr P Om Prakash (Company Secretary), Mr M R Jaishankar (Executive Chairman), Mr Aroon Raman (Independent Director), Mr Bijou Kurien (Independent Director), and Mrs Lakshmi Venkatachalam (Independent Director), among others.
On 17 October 2022, the company’s share price was Rs 489.95 at the NSE and Rs 490.00 at the BSE after the market closing. Brigade Enterprises shares have given a one-year return of 5.97%, and the company’s 52-week high share price is Rs 585.00. The top peers of the company include DLF, Godrej Properties, Phoenix Mills, and Oberoi Realty.
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Brigade Enterprises share price as on 30 Jun 2024 is Rs. 1348.4. Over the past 6 months, the Brigade Enterprises share price has increased by 52.34% and in the last one year, it has increased by 132.9%. The 52-week low for Brigade Enterprises share price was Rs. 550.1 and 52-week high was Rs. 1453.1.
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