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Godrej Properties Ltd share Price Today

Company details

3,297.40
3,402.70
1,495.30
3,402.70
6M Return 52.94%
1Y Return 114.87%
Mkt Cap.(Cr) 94,016.78
Volume 914,491
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 914,491

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Realty company Godrej Properties announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • GPL’s best ever quarterly sales - booking value stood at Rs 9,519 crore in Q4 FY24, up 135% YoY and 66% QoQ.
  • Quarterly collections with Rs 4,693 crore in Q4FY24.
  • Total Income grew by 1% to Rs 1,952 crore as compared to Rs 1,930 crore in Q4FY23
  • EBITDA grew by 3% to Rs 649 crore as compared to Rs 630 crore in Q4FY23
  • Net Profit grew by 14% to Rs 471 crore as compared to Rs 412 crore in Q4FY23
  • EPS amounted to Rs 16.95 as compared to Rs 14.82 in Q4FY23

FY24 Financial Highlights:

  • GPL’s best ever annual sales - booking value grew 84% to Rs 22,527 crore for FY24.
  • Annual collections with Rs 11,436 crore in FY24.
  • Annual project deliveries with projects aggregating ~12.5 million sq. ft. delivered in FY24.
  • Strong year for business development with addition of 10 projects with a total estimated booking value of ~Rs 21,225 Crore.
  • Total Income grew by 45% to Rs 4,362 crore as compared to Rs 2,998 crore in FY23
  • EBITDA grew by 20% to Rs 1,197 crore as compared to Rs 994 crore in FY23
  • Net Profit grew by 27% to Rs 725 crore as compared to Rs 571 crore in FY23
  • EPS amounted to Rs 26.09 as compared to Rs 20.55 in FY23

Commenting on the performance of Q4 FY2024, Pirojsha Godrej, Executive Chairperson, Godrej Properties Limited, said: “Godrej Properties delivered a robust and well-rounded performance in FY24 registering its best-ever bookings, cash collections, earnings, and deliveries as well as a strong year for business development. The residential real estate sector in India has been strong over the past three years and we believe the sectoral tailwinds will continue over the next few years. The significant levels of business development we have executed in previous years at favourable terms allowed us to scale our bookings by 84% to Rs 22,527 crore in FY24 and become the largest publicly listed real estate developer in India be sales.

In FY25, we hope to grow residential bookings to over Rs 27,000 crore through the launch of a large number of exciting new projects combined with strong sustenance sales. This combined with strong project deliveries should allow us to maintain rapid growth in operating cash flows as well. With a robust launch pipeline, strong balance sheet, and sectoral tailwinds, we are confident of an outstanding FY25.”

Result PDF

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Godrej Properties Ltd shares SWOT Analysis

Strengths (11)

  • Strong Momentum: Price above short, medium and long term moving averages
  • New 52 week high today
  • Companies with rising net profit margins - quarterly as well as TTM basis

Weakness (1)

  • Low Piotroski Score : Companies with weak financials

Opportunity (5)

  • Big Deal (Insider and SAST) buys last month greater than 1% of total shares
  • Negative to Positive growth in Sales and Profit with Strong Price momentum
  • Highest Recovery from 52 Week Low

Threats (1)

  • High PE (PE > 40)

Resistance and support

R1 3,423.6
R2 3,465.8
R3 3,528.9
Pivot

3,360.50

S1 3,318.3
S2 3,255.2
S3 3,213.0
EMA SMA
3,205.5
3,003.2
2,765.5
2,437.6
3,205.4
2,975.9
2,710.0
2,335.4
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
R K N ENTERPRISES Bulk Sell 2024-07-11 3313.9 3986400 NSE
JAMSHYD NAOROJI GODREJ Block Purchase 2024-07-11 3313.9 996600 NSE
NAVROZE JAMSHYD GODREJ Block Purchase 2024-07-11 3313.9 996600 NSE
Name Category Shares
Godrej Industries Limited PROMOTER 47.34%
Godrej & Boyce Mfg. Co. Ltd PROMOTER 3.83%
Innovia Multiventures Private Limited PROMOTER 2.68%
Rishad Kaikhushru Naoroji & others (Partners of RKN enterprises) PROMOTER 1.43%
Jamshyd Godrej, Pheroza Godrej and Navroze Godrej (Trustees of Navroze Lineage Trust) PROMOTER 0.75%
Jamshyd Godrej, Pheroza Godrej and Navroze Godrej (Trustees of Raika Lineage Trust) PROMOTER 0.69%
Smita Godrej Crishna, Freyan Crishna Bieri and Nyrika Holkar (Trustees of NVC Family Trust) PROMOTER 0.69%
Smita Godrej Crishna,Freyan Crishna Bieri and Nyrika Holkar (Trustees of FVC Family Trust) PROMOTER 0.69%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Godrej Properties Ltd Stocks COMPARISON

Financials( in Cr) Godrej Properties Ltd DLF Ltd Phoenix Mills Ltd Prestige Estates Projects Ltd Oberoi Realty Ltd
Price 3,381.40 843.75 4,076.55 1,807.95 1,727.45
% Change 2.04 0.84 1.96 1.18 0.22
Mcap Cr 94,016.78 208,854.45 72,846.73 72,473.85 62,810.43
Revenue TTM Cr 3,035.62 5,694.83 2,638.35 8,315.00 4,495.79
Net Profit TTM Cr 747.06 1,100.92 1,472.50 1,066.80 1,926.60
PE TTM 144.27 76.61 66.26 52.73 35.75
1 Year Return 114.87 68.23 158.40 206.28 69.70
ROCE 6.33 4.51 11.89 10.43 16.30
ROE 7.76 2.97 12.60 8.57 14.79
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 9,992.51 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 21,424.68 50,451.86
LAST 3M 101,404.97 51,097.20
LAST 6M 186,293.66 40,305.54
LAST 12M 309,547.75 87,515.42

Godrej Properties Ltd Information

Stock PE (TTM)
144.27
Promoter Holding
58.48%
Book Value
359.3695
ROCE
6.33%
ROE
7.76%
Description
  • Godrej Properties Limited, a subsidiary of Godrej Industries Ltd., is one of the leading real estate companies in the country with its headquarters in Mumbai. The company was established in 1990 under the leadership of Adi Godrej. As of April 1, 2022, the company has a market capitalisation of Rs. 47,040 crore. At present, the company is in the process of deploying projects that are estimated to cover more than 89.7 million sqft. In the quarter ended December 2021, it touched a revenue of Rs. 278 crore with an EBIDTA of -10.58. Godrej Properties Limited is registered on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) under number 533150 and scrip code GODREJPROP, respectively.

    Godrej Properties brings innovation, excellence, and sustainability to the real estate sector. The properties around the country involve a legacy of 123 years of trust and commitment to new-age design and the use of technology. Some of the flagship projects of the company are Planet Godrej, The Trees, and Godrej BKC to name a few. In 2010, Godrej Properties released its IPO and raised around 100 million rupees. As per the company, it is the only national real estate developer with a strong presence from north to south and west to east of India. In 2016, Godrej Properties was India’s biggest real estate giant with a sale value of Rs. 5,000 crore. In the past few years, the company has bagged around 200 awards from different platforms for its outstanding contribution to the field of Indian real estate. The Godrej properties shareholding pattern is 58.43% for the promoters, foreign institutions with 29.85%, and retail with 8.95%.

    As of December 2021, the company has an annual revenue of Rs.278 crore with an EBIDTA of -10.58. In the same year, the annual net profit of the organisation was Rs.38 crore, with a margin of 13.97%. The current Godrej Properties stock price is Rs. 1681.75 as of April 4 with a low of 1658.30 and a high of 1715.15. The Godrej prop share price as of today shows a return of 20.70% in one year and 87.28% in three years. The top mutual funds invested in Godrej Properties are SBI Magnum Midcap, SBI Blue Chip Direct-Growth, and L&T Focussed Equity Fund.  

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

Godrej One 5th Floor, Pirejshangar Vikhroli(East), Mumbai, Maharashtra, 400079

Tel : 91-022-61698500
Email : secretarial:godrejproperties.com
Website : http://www.godrejproperties.com
Registrar

KFin Techologies Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 533150
NSE Code : GODREJPROP
Book Closure Date (Month) :
BSE Group : A
ISIN : INE484J01027

FAQ’s on Godrej Properties Ltd Shares

You can buy Godrej Properties Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Godrej Properties Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jul 16, 2024 04:08 PM the closing price of Godrej Properties Ltd was Rs.3,381.40.

The latest PE ratio of Godrej Properties Ltd as of Jul 16, 2024 04:08 PM is 144.27

The latest PB ratio of Godrej Properties Ltd as of Jul 16, 2024 04:08 PM is 0.11

The 52-week high of Godrej Properties Ltd share price is Rs. 3,402.70 while the 52-week low is Rs. 1,495.30

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jul 16, 2024 04:08 PM, the market cap of Godrej Properties Ltd stood at Rs. 94,016.78 Cr.

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