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Godrej Properties

GODREJPROP NSE
₹1,739.00 No trade today
P/E
32.73
View as Markdown
MCP
Close 4 Nov 2026 ₹1,739.00 −454.70 −20.7% 1Y
Start ₹2,193.70

Key Fundamentals

MidcapRealtyConsumer Discretionary

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
7.63%
Debt to Equity
0.83
EPS (TTM)
₹53.13
Book Value
₹642.66
Market Cap
—
P/E (TTM)
32.73
P/B
2.71
ROE
8.82%
Dividend Yield
0.60%
EBITDA
₹2,863 Cr
52W High
₹2,312.70
52W Low
₹1,434.00
Volume
0

Peer Comparison

Consumer Discretionary › Realty › Residential Commercial Projects › Residential, Commercial Projects

Godrej Properties peer comparison
DLF
₹720.0039.02₹1,76,861 Cr3.911.13%9.50%6.32%₹6,375 Cr₹4,567 Cr
Lodha Developers
₹1,122.0027.17₹1,09,477 Cr4.510.40%15.50%16.40%₹18,181 Cr₹4,129 Cr
Phoenix Mills
₹2,079.5058.10₹73,757 Cr8.170.12%11.00%12.40%₹4,545 Cr₹1,629 Cr
Prestige Estates Projects
₹1,580.0059.74₹67,457 Cr4.180.13%7.53%10.40%₹13,053 Cr₹1,265 Cr
Oberoi Realty
₹1,710.9023.64₹61,958 Cr3.260.24%14.60%17.30%₹6,214 Cr₹2,632 Cr
Godrej Properties (this company)
₹1,739.0032.73₹51,392 Cr2.710.60%8.82%7.63%₹5,203 Cr₹1,591 Cr
Brigade Enterprises
₹541.1025.40₹17,553 Cr2.470.38%10.50%10.50%₹5,532 Cr₹784 Cr
Median 7 companies₹1,580.0032.73₹67,457 Cr3.910.38%10.50%10.50%₹6,214 Cr₹1,629 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

36 Poor

Data confidence 100/100

Category scores

Quality
7
Poor
Returns, margins, earnings quality 22% weight
Valuation
56
Good
Cheap vs sector & own history 24% weight
Growth
41
Weak
Sales & profit trajectory 9% weight
Financial Health
24
Poor
Solvency, leverage, coverage 9% weight
Momentum
28
Poor
Trend strength, vol-adjusted 12% weight
Ownership
47
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

2
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 56.1% CAGR over last 5 years

Weaknesses

4
  • Company has a low return on equity of 8.20% over last 3 years.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.2,997 Cr.
  • Promoter holding has decreased over last 3 years: -6.82%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBullish739
OscillatorsNeutral333
Moving AveragesStrong Bullish406

Key readings

RSI (14)
62.20
Neutral
MACD (12,26,9)
−12.68
Bullish
SMA (50)
1,721.98
Bullish
SMA (200)
1,786.30
Bearish

As of

Analyst Rating

Based on 21 analysts
BUY76%

16 of 21 analysts rate Buy, 3 Hold, 2 Sell.

As of

BUY
16
76%
HOLD
3
14%
SELL
2
10%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+9.23%
5Y+46.32%
3Y+31.59%
1Y+4.23%
TTM+12.62%

Net profit

Net profit growth by window
10Y+27.67%
5YTurned to profit
3Y+43.65%
1Y+32.54%
TTM+8.38%

Operating cash flow

Operating cash flow growth by window
10YTurned negative
5YOutflow widened by ₹1,332 Cr
3YOutflow narrowed by ₹858 Cr
1YOutflow narrowed by ₹239 Cr
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−15.28 pp
5Y+49.86 pp
3Y−18.02 pp
1Y−7.33 pp
TTM−7.46 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹1,583 Cr
Mar 2018₹1,604 Cr
Mar 2019₹2,817 Cr
Mar 2020₹2,441 Cr
Mar 2021₹765 Cr
Mar 2022₹1,825 Cr
Mar 2023₹2,252 Cr
Mar 2024₹3,036 Cr
Mar 2025₹4,923 Cr
Mar 2026₹5,131 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹207 Cr
Mar 2018₹87.00 Cr
Mar 2019₹253 Cr
Mar 2020₹274 Cr
Mar 2021−₹189 Cr
Mar 2022₹351 Cr
Mar 2023₹621 Cr
Mar 2024₹747 Cr
Mar 2025₹1,389 Cr
Mar 2026₹1,841 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹459 Cr
Reported High Mean Low

Analyst consensus here uses a different definition from reported ebitda (they differ 4.5× on periods where both exist), so the forecast is shown on its own rather than joined to the reported line.

AI Analysis — Bull vs Bear

Figures as of 3 Nov 2026
AI opinion · based on fundamentals
Risk high

Godrej Properties Ltd trades at ₹1,669.5 as of 2026-11-03 with a market cap of ₹49,145 Cr and a P/E of 31.42x. The company has delivered strong 5-year profit CAGR of 56% but recent TTM profit growth has moderated to 9%, while ROE at 9.51% remains modest for the valuation and the stock sits 27.8% below its 52-week high of ₹2,312.7.

Bull Case 7
  • Exceptional 5-year compounded profit growth of 56% CAGR demonstrates strong earnings momentum over the medium term
  • Compounded sales growth of 46% over 5 years and 32% over 3 years reflects robust revenue scale-up in the residential real estate cycle
  • 10-year compounded profit growth of 26% indicates the company has delivered consistent long-term earnings expansion across cycles
  • The stock is 27.8% below its 52-week high of ₹2,312.7 and only 16.4% above its 52-week low of ₹1,434, suggesting much of the recent correction may already be priced in
  • TTM revenue growth of 13% shows the top line continues to expand even as the broader realty sector faces selective demand headwinds
  • ROCE of 12.01% exceeds the cost of debt for most well-rated real estate developers, indicating the company generates value from its deployed capital
  • Company is expected to deliver a good upcoming quarter, which could act as a near-term positive catalyst for sentiment
Bear Case 8
  • Earnings include other income of ₹2,997 Cr, raising questions about the quality and sustainability of core operating profits
  • 3-year average ROE of only 8.20% is low relative to the P/B of 2.6x and P/E of 31.42x, suggesting the stock's valuation demands significantly higher return generation
  • Promoter holding has declined by 6.82% over the last three years, which may signal reduced promoter confidence or dilution to fund growth
  • TTM profit growth has decelerated sharply to 9% compared to the 3-year CAGR of 49%, indicating a meaningful slowdown in earnings momentum
  • Debt-to-equity ratio of 0.83 reflects meaningful leverage on the balance sheet, and the company might be capitalizing interest costs, which could understate true operating expenses
  • The stock has delivered a negative 1-year return of -24% and a negative 5-year CAGR of -8%, showing sustained underperformance despite strong reported profit growth
  • ROE of 9.51% remains below the cost of equity typically expected for a mid-cap realty stock trading at 31.42x earnings
  • Dividend yield of just 0.61% offers minimal income cushion for investors during periods of capital depreciation

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

9h ago

TL;DR: Godrej Properties is executing well on sales bookings and collections, with record pre-sales trajectory toward ₹41,500 crore in FY27 and strong cash generation. The key risk is the sharp disconnect between operating performance and reported profits, with Q2 net profit down 62% due to revenue recognition timing under accounting standards. The stock has corrected 22% YTD, reflecting investor frustration with muted reported earnings despite robust operational metrics. FY28 is positioned as the inflection year when ₹40,000 crore in bookings flow through to reported revenue, but execution on deliveries over the next 18 months will be critical to restoring market confidence.

Headwinds 3
  • Q2 net profit drops 62% Oct 23

    Consolidated net profit fell 62% YoY to ₹154 crore in Q2 FY27, with other income dropping 47% and EBITDA loss at ₹469 crore. H1 FY27 net profit declined 50% to ₹504 crore from ₹1,005 crore.

  • H1 EBITDA down 53% YoY Oct 23

    EBITDA declined 53% YoY to ₹717 crore in H1 FY27 from ₹1,529 crore, while expenses surged to ₹2,477 crore in Q2 from ₹1,301 crore a year ago.

  • Stock down 22% in 2026 Oct 7

    Shares have fallen 22% YTD in 2026 and about 24% over the trailing 12 months. Stock dropped 6% to ₹1,468 on Oct 23 after Q2 results.

Positives 6
  • ₹40,000 cr revenue target by FY28 Nov 1

    Godrej Properties targets ₹40,000 crore in revenue recognition by March 2028, driven by a sharp jump in residential deliveries. The company expects positive free cash flow and 20% reported ROE in FY28.

  • Record bookings trajectory Nov 1

    Sales bookings expected to rise 22% to a record ₹41,500 crore in FY27, beating the ₹39,000 crore guidance. H1 bookings rose 7% to ₹16,659 crore with Q2 booking value of ₹8,008 crore across 3,658 units.

  • Collections up 31% YoY in Q2 Oct 23

    Q2 collections surged 31% YoY and 22% sequentially to ₹5,318 crore, with H1 collections at ₹9,666 crore positioning the company to exceed its ₹24,000 crore annual guidance.

Neutral 1
  • Bandra Bay promenade launched Oct 7

    BMC and Godrej Properties launched the first phase of Bayside Promenade at Bandra Bay, including a walking track, landscaped garden, and lifestyle hub. A second phase with mini golf and sports zone is planned.

Quarterly Results

₹ Cr
GODREJPROP quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
936
343
330
1,426
739
1,093
969
2,122
435
740
498
3,458
506
1,935
Expenses
1,085
438
397
1,303
926
1,064
960
2,047
705
1,336
695
2,936
800
2,404
Operating Profit
−149
−95
−66
123
−187
29
9
75
−270
−596
−197
522
−294
−469
OPM %
−16%
−28%
−20%
9%
−25%
2.6%
1%
3.5%
−62%
−80%
−40%
15%
−58%
−24%
Other Income
379
262
218
526
960
253
271
559
1,186
1,210
514
434
839
640
Interest
30
48
43
31
41
45
42
46
33
22
31
52
36
37
Depreciation
7
7
14
16
17
18
18
21
22
26
32
36
30
35
PBT
193
111
95
601
716
219
220
567
861
566
255
869
480
98
Tax %
31%
35%
34%
20%
28%
−52%
28%
33%
30%
29%
24%
26%
27%
−48%
Net Profit
134
73
63
478
519
334
158
378
598
403
194
645
349
145
EPS (₹)
4.49
2.4
2.24
16.95
18.7
12.06
5.4
12.68
19.92
13.45
6.48
21.58
11.62
—

Sep 2026: from the results filed on 23 Oct 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
GODREJPROP profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1,843
2,123
1,583
1,604
2,817
2,441
765
1,825
2,252
3,036
4,923
5,131
5,203
Expenses
1,586
1,986
1,330
1,819
2,639
2,181
1,214
1,880
2,045
3,165
4,997
5,585
5,767
Operating Profit
257
137
253
−216
178
260
−449
−56
207
−130
−74
−453
−564
OPM %
14%
6%
16%
−13%
6%
11%
−59%
−3%
9%
−4.3%
−1.5%
−9%
−11%
Other Income
83
146
150
499
419
473
568
761
787
1,326
2,044
3,256
2,997
Interest
5
41
104
150
234
220
185
167
174
152
174
137
140
Depreciation
10
14
14
16
14
21
20
21
24
45
74
116
124
PBT
326
228
284
117
348
493
−86
516
795
1,000
1,723
2,551
2,170
Tax %
28%
30%
27%
26%
27%
44%
121%
32%
22%
25%
19%
28%
—
Net Profit
236
160
207
87
253
274
−189
351
621
747
1,389
1,841
1,592
EPS (₹)
9.58
7.33
9.56
4.01
11.04
10.73
−6.82
12.68
20.55
26.08
46.48
61.43
53.13
Div. Payout %
21%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
16%
—

Balance Sheet

₹ Cr
GODREJPROP balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
100
108
108
108
115
126
139
139
139
139
151
151
Reserves
1,747
1,657
1,896
1,102
2,354
4,678
8,181
8,536
9,125
9,853
17,162
19,005
Borrowings
3,486
3,123
3,980
3,703
3,516
3,715
4,542
5,196
6,431
10,679
12,641
15,894
Other Liabilities
2,030
1,691
1,197
3,358
2,107
1,586
3,385
3,932
7,410
15,063
25,496
46,540
Total Liabilities
7,363
6,578
7,181
8,271
8,092
10,106
16,247
17,804
23,105
35,735
55,450
81,590
Fixed Assets
117
107
102
113
97
113
174
183
218
997
1,271
1,708
CWIP
73
1
0
71
100
163
229
340
653
250
116
172
Investments
0
664
760
1,454
2,637
3,571
5,243
4,883
2,534
3,150
5,951
5,511
Other Assets
7,173
5,807
6,319
6,633
5,259
6,259
10,600
12,397
19,700
31,337
48,112
74,199
Total Assets
7,363
6,578
7,181
8,271
8,092
10,106
16,247
17,804
23,105
35,735
55,450
81,590

Cash Flow

₹ Cr
GODREJPROP cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−941
490
−566
1,155
478
−232
−671
−452
−2,861
−693
−2,242
−2,003
Investing
−96
191
14
−973
−971
−1,721
−3,317
127
2,564
−1,974
−4,273
664
Financing
852
−554
335
−493
970
1,974
4,259
235
832
3,258
6,710
938
Net Cash Flow
−184
126
−217
−311
476
22
271
−90
536
591
194
−402
Free Cash Flow
−951
466
−575
1,005
404
−295
−797
−592
−3,161
−1,386
−2,450
−2,382
CFO/OP
−320
435
−161
−568
290
−79
153
469
−1,301
330
2,689
359

Ratios

GODREJPROP financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
34
30
53
36
21
65
114
38
58
37
32
39
Inventory Days
—
—
—
5,457
495
—
—
—
—
—
—
—
Days Payable
—
—
—
457
56
—
—
—
—
—
—
—
Cash Conversion Cycle
34
30
53
5,035
461
65
114
38
58
37
32
39
Working Capital Days
309
185
262
−251
−128
−32
912
476
533
602
612
547
ROCE %
5%
5%
7%
1%
10%
9%
1%
5%
6%
6%
7%
8%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Godrej Properties insights

62 extracted metrics across FY12–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 51.66%
  • FIIs 24.37%
  • DIIs 9.71%
  • Others 7.47%
  • Public 6.79%

No promoter shares pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Godrej Properties

What does Godrej Properties Ltd do?
Godrej Properties Limited (GPL) is the real estate development arm of the Godrej Group, which was started in 1897 and is today one of India’s most successful conglomerates. Godrej Properties brings the Godrej Group philosophy of innovation, sustainability, and excellence to the real estate industry.
Where is Godrej Properties Ltd (GODREJPROP) listed?
Godrej Properties Ltd trades as GODREJPROP on the NSE and under code 533150 on the BSE.
Which sector does Godrej Properties Ltd belong to?
Godrej Properties Ltd is classified under the Realty sector, in the Residential Commercial Projects industry.
What is the PE ratio of Godrej Properties Ltd?
Godrej Properties Ltd trades at a PE ratio of 32.73 as of 4 Nov 2026, on earnings per share of ₹53.13, against a book value of ₹642.66 per share.
What is the 52-week high and low of Godrej Properties Ltd?
Over the last 52 weeks Godrej Properties Ltd has traded between ₹1,434 and ₹2,312.7 as of 4 Nov 2026.
Does Godrej Properties Ltd pay dividends?
Godrej Properties Ltd has a dividend yield of 0.60%.
What is the Return on Equity (ROE) of Godrej Properties Ltd?
Godrej Properties Ltd reported a return on equity of 8.82%. Its debt-to-equity ratio is 0.83.

Company Information

Godrej Properties Limited (GPL) is the real estate development arm of the Godrej Group, which was started in 1897 and is today one of India’s most successful conglomerates. Godrej Properties brings the Godrej Group philosophy of innovation, sustainability, and excellence to the real estate industry.

Website godrejproperties.com
CEO Mr. Pirojsha Adi Godrej
Employees 4,199
Listed 5 Jan 2010
Face Value ₹5

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