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Godrej Properties Ltd (GODREJPROP)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533150 NSE: GODREJPROP Construction - Real Estate | Mid Cap | Godrej Properties Share Price

₹2,133.60 103.15 (5.08%)

As on 10-Jul'26 16:59

Godrej Properties Ltd (GODREJPROP)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 533150 NSE: GODREJPROP Construction - Real Estate | Mid Cap | Godrej Properties Share Price

₹2,133.60 103.15 (5.08%)

As on 10-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹64,270 Cr.
Current Price
₹2,133.6
52-Week Low / High
₹1,434 / 2,411
TTM EPS
₹11.6
TTM Sales
₹1,395 Cr.
Book Value per Share
₹590.4
P/E Ratio
184.29
Higher than its 5-year historical median
Industry PE
51
Price to Book (P/B)
3.61
Lower than its 5-year historical median
Price to Sales (P/S)
46.07
Higher than its 5-year historical median
EV/EBITDA
67.20
Higher than its 5-year historical median
Dividend Yield
0.47%
Profitability Efficiency
Return on Equity (ROE)
1.98%
Underperforms industry median
Return on Capital Employed (ROCE)
3.34%
Underperforms industry median
Return on Assets (ROA)
0.70%
Operating Profit Margin
-60.8%
Net Profit Margin
25%
Gross Profit Margin
41.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-28.44%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-65.5%
Asset Quality
Promoter Holding
51.66%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹17,633 Cr.
Equity
₹150.6 Cr.
Face Value
₹5
All Time Low / High
₹153.90 / 3400.00

Godrej Properties stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Godrej Properties Ltd a good quality company?
Godrej Properties Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Godrej Properties Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Godrej Properties Ltd vs industry peers?
Godrej Properties Ltd revenue CAGR is -1.34%, compared to the industry median CAGR of 9.33%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Godrej Properties Ltd?
Promoters hold 51.66% of the Godrej Properties Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Godrej Properties Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 18% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Godrej Properties Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
ROCE % 8.4%6.7%9.5%11.9%2.8%6.8%6.9%6%7.4%3.3%-
Value Creation
Index
-0.4-0.5-0.30.1-0.8-0.4-0.4-0.5-0.3-0.7-

Growth Parameters

Sales 1,0085561,4342,0855701,4731,1551,3311,9501,3951,395
Sales YoY Gr.--44.8%157.7%45.5%-72.7%158.3%-21.6%15.2%46.5%-28.4%-
Adj EPS 8.9-2.44.514.7-0.719.120.517.429.18.211.6
YoY Gr.--127%NA228.4%-104.5%NA7.3%-15.5%67.8%-72%-
BVPS (₹) 91.866.7115.6202.4314.8333.8357.5377.8578.9590.4590.4
Adj Net
Profit
193-52.2103370-18.2532571482877246349
Cash Flow from Ops. -29050412766.6-59322.5-1,894180-1,758-1,689-
Debt/CF from Ops. -12.17.327.655.6-7.6228.1-3.455.4-6.7-8.7-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 3.7%19.6%6.5%-28.4%
Adj EPS -1%NA-26.5%-72%
BVPS23%13.4%18.2%2%
Share Price 19% 7.6% 10.1% -3.2%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26TTM
Return on
Equity %
10.2-359.5-0.35.95.94.76.31.42
Op. Profit
Mgn %
22.1-22.56.321.4-47.39.212.5-4.9-16.4-60.8-62.5
Net Profit
Mgn %
19.2-9.47.217.7-3.236.149.436.34517.625
Debt to
Equity
1.82.61.30.70.50.60.610.70.80.1
Working Cap
Days
1,7093,3081,2189034,6502,2523,8304,8794,97010,14412,150
Cash Conv.
Cycle
5801,2904402231,1984849671,6972,0595,1293,900

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales1,0085561,4342,0855701,4731,1551,3311,9501,395
Operating Expenses + 7956821,3441,7009081,3781,0171,4072,2902,267
Manufacturing Costs00020413644563121
Material Costs6164141,0101,2082949234876451,213773
Employee Cost 609914415225888178221284379
Other Costs 1181691913203153313084857621,095
Operating Profit 214-12590385-33795138-76-340-872
Operating Profit Margin (%) 21.2%-22.5%6.3%18.5%-59.1%6.5%11.9%-5.7%-17.4%-62.5%
Other Income + 2224944605206578589451,1952,2081,991
Exceptional Items 000000000-18
Interest 157192252266221222233380565542
Depreciation 13151317161819243770
Profit Before Tax 266162285622837148317141,265489
Tax 705776238126188175150254140
Profit After Tax 197105209384-435266565641,011349
PAT Margin (%) 19.5%18.9%14.6%18.4%-7.6%35.7%56.8%42.4%51.9%25.0%
Adjusted EPS (₹)9.14.99.115.2-1.618.923.620.333.611.6
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%86.40%

Valuation of Godrej Properties - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 1,9861,4432,6525,1008,7509,2809,93810,50417,43417,783
Share Capital 108108115126139139139139151151
Reserves 1,8781,3352,5374,9748,6119,1419,79910,36517,28417,633
Debt +3,5063,7033,5163,2044,5135,1206,3509,94311,74914,748
Long Term Debt050050001,0001,00002,6604,0002,250
Short Term Debt3,5063,2033,0163,2043,5134,1206,3507,2837,74912,498
Minority Interest0000000000
Trade Payables1492091434314153841,4201,5811,4072,063
Others Liabilities 3721,4041,0939831,1751,2242,1295,81013,35321,800
Total Liabilities 6,0136,7597,4039,71814,85316,00719,83727,83943,94456,394

Fixed Assets

Net Fixed Assets +10411399108140142177228400743
Gross Block1291521481732222382873635921,019
Accumulated Depreciation253949668296110135192275
CWIP 004149229923394105
Investments 7671,3412,4663,3925,2805,1183,0874,3856,9106,373
Inventories1,9432,0811,5801,2472,5222,3096,0069,21715,31326,253
Trade Receivables14710510438320214615716128499
Cash Equivalents 752862824276361,2761,6162,2154,0603,819
Others Assets 2,9772,8332,8694,1476,0656,9948,69611,40016,88319,002
Total Assets 6,0136,7597,4039,71814,85316,00719,83727,83943,94456,394

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + -29050412767-59322-1,894180-1,758-1,689
PBT 266162285622837148317141,265489
Adjustment -38-225-162-71-343-436-732-835-1,524-1,221
Changes in Working Capital -41062929-462-347-75-1843486-1336-708
Tax Paid -108-62-24-2214-181-151-186-163-249
Cash Flow From Investing Activity + -327-363-646-2,056-3,467-4391,305-2,449-5,172-92
Capex -10-6-49-35-35-52-72-107-163-303
Net Investments -54-302-458-1,354-2,3712882,448-1,359-3,689997
Others -263-56-139-666-1,061-675-1,071-983-1,319-786
Cash Flow From Financing Activity 390-4519711,9784,3872968422,8256,8091,142
Net Proceeds from Shares + 001,0002,0663,6910005,9220
Net Proceeds from Borrowing 050000500001,6601,3400
Interest Paid -283-275-294-299-254-304-379-938-921-1,092
Dividend Paid 000-0-000000
Others 672-6762652114516011,2222,1034682,234
Net Cash Flow -228-310452-11327-121253555-121-639

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)10.436.1310.229.91-0.625.836.825.527.241.98
ROCE (%)8.416.659.4811.862.756.766.935.967.373.34
Asset Turnover Ratio0.180.090.20.240.050.10.060.060.050.03
PAT to CFO Conversion(x)-1.474.80.610.17N/A0.04-2.890.32-1.74-4.84
Working Capital Days
Receivable Days40.3082.9026.6042.60187.2043.1047.8043.6041.6050.10
Inventory Days597.101,319.70466247.501,206598.401,313.802,087.902,296.205,437.20
Payable Days68157.8063.6086.70524.80157.90676.30848.90449.60819.30

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Godrej Properties Ltd FAQs

The current trading price of Godrej Properties on 10-Jul-2026 16:59 is ₹2,133.6.

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 09-Jul-2026 the market cap of Godrej Properties stood at ₹64,269.6 Cr

The latest P/E ratio of Godrej Properties as of 09-Jul-2026 is 184.3.

The latest P/B ratio of Godrej Properties as of 09-Jul-2026 is 3.61.

The 52-week high of Godrej Properties is ₹2,410.7 and the 52-week low is ₹1,434.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Godrej Properties is ₹1,395 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Godrej Properties Ltd is a below average quality company.

The key valuation ratios of Godrej Properties Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Godrej Properties Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Godrej Properties Ltd

Godrej Properties, part of the venerable Godrej Industries Group (GIG), is a leading real estate player in India. Upholding the Group's ethos of innovation, sustainability and excellence, Godrej Properties has been synonymous with trust and quality for over a century. With a focus on leveraging advanced design and technology, the company is committed to exceeding stakeholder expectations by crafting exceptional and innovative spaces, rooted in deep consumer understanding. It believes in the power of collaboration to achieve excellence, partnering with premier designers, architects, and contractors both in India and internationally. This approach ensures that every development not only meets the present needs of its residents and communities but is also durable and forward-thinking, reflecting the best the world has to offer in real estate.

The 'Godrej' brand is well-recognized throughout India due to its long history in the market, the diverse sectors the Godrej Industries Group operates in, and the trust it has built over time. This strong brand reputation aids in several business activities, such as establishing joint development agreements, moving into new cities and markets, and forming business partnerships. 

In 2010, Godrej Properties became a publicly listed company through a successful IPO in which it raised $100 million. It also created a fund management subsidiary in 2016; Godrej Fund Management raised $275 million in the year's largest residential real estate focused fund raise in the country. In the financial year 2016, for the first time, Godrej Properties was India's largest publicly listed real estate developer by sales value having sold over Rs 5,000 crore of real estate that year.  In the same year, it also delivered 0.56 million square meters (6 million square feet) of real estate in seven cities across India.

Business area of company

Godrej Properties is engaged primarily in the business of real estate construction, development and other related activities. The company focuses on developing residential, commercial and township projects. Godrej Properties is also into the plotted development space in Tier-2 cities, recognizing their sales potential. The brand has been crucial in developing solid relationships with customers, service providers, partners, investors and lenders. 

Properties developed by the company:

Residential:

  • Godrej Pine, Thane
  • Godrej Edenwoods, Thane
  • Godrej Riverside, Kalyan
  • Godrej Woodsman Estate, Bangalore
  • Planet Godrej, Mumbai
  • Godrej Prakriti, Kolkata 
  • Godrej Avenues, Bangalore
  • Godrej Aria, Gurgaon
  • Godrej Air Sector 85, Gurgaon

Commercial properties:

  • Godrej Eternia, Chandigarh
  • Godrej Waterside, kolkata
  • Godrej Coliseum, Mumbai
  • Godrej Eternia , Pune

Awards & Recognitions

  • 2017: Golden Bricks Awards 2016 -17.
  • 2017: CWAB Awards 2017;
  • 2017: Real Estate Company of the Year 2017.
  • 2017: Golden Peacock National Quality Award - 2017.
  • 2017: ABP News Real Estate Awards 2017.
  • 2017: Corporate LiveWire - Innovation & Excellence Awards 2017.
  • 2018: The ‘Builder of the Year’ at the CNBC-Awaaz Real Estate Awards 2018.
  • 2018: Intelligent Enterprise Awards 2018.
  • 2018: The Economic Times Best Real Estate Brand 2018. 
  • 2019: The Most Trusted Real Estate Brand’ in 2019 from the Brand Trust Report.
  • 2019: Real Estate Company of the Year at the 9th Construction Week Awards 2019.
  • 2019: Equality and Diversity Champion 2019 at the APREA Property Leaders Awards.
  • 2021: Godrej Properties has been recognized as the Masters of Risk in the real estate category at 7th edition of The India Risk Management awards.
  • 2022: The Gold Award for Gender Equality at the ICAI International Sustainability Reporting Awards 2022.
  • 2023: Recognition for ‘Environmental and Social initiatives’ at the KPMG ESG Conclave and Awards 2023.
  • 2023: Winner, DEI Champion – LGBTQIA+, Non-Tech at the Aon NASSCOM DEI Champions Award.
  • 2024: India's Most Admired Brand Awarded at Construction World Global Awards 2024.
  • 2024: First Indian Company to be Recognised with the ‘Employ Dyslexia’ Badge Awarded by Made By Dyslexia, a UK-based global charity.
  • 2024: Golden Peacock Award for ESG 2024.
  • 2024: Construction Times - BAM Awards, 2024 - Best Luxury Residential Project Godrej Zenith.
  • 2024: 14th CNBC Awaaz Real Estate Awards, 2024 - Best Residential Project – Ultra Luxury.
  • 2024: Construction World Architect & Builder (CWAB Awards), 2024 - India’s Top Builders 2024 – Winner.
  • 2024: GRI Awards India 2024 - Developer of the year.
  • 2025: Economic Times Real Estate Awards 2025- Best Residential Project – Multiple Units.
  • 2025: ETHCA 2025 – Excellence in creating a culture of continuous learning and upskilling.
  • 2025: Realty+ India Brand Leadership Conclave & Awards 2025- Iconic Brand Leader.

Important Events

2010

  • Company has changed its name from Godrej Properties & Investments Ltd. to Godrej Properties Ltd.

2011

  • The Company through its wholly owned subsidiary Godrej Buildcon Private Limited has signed a Development Agreement with JET AIRWAYS (INDIA) LIMITED for development of MMRDA leasehold land admeasuring 10309.58 sq. mtrs, situated at G-Block, Bandra-Kurla Complex, Bandra, Mumbai subject to conditions mentioned therein.

2012

  • Godrej Properties Limited (GPL) has entered into a Development Management Agreement with R.R. Builders to redevelop a MHADA property in Byculla, Mumbai, through its wholly owned subsidiary Godrej Projects Development Private Limited (GPDPL).

2013

  • Godrej Properties adds a large new project in Mumbai.
  • Godrej Properties adds a new project in NCR.
  • Godrej Properties adds a new project at a prime location in New Delhi.
  • Godrej Properties announces a new redevelopment project in Malad, Mumbai.
  • Godrej Properties enters new joint venture project in Pune.
  • Godrej Properties increases the size of its Panvel project.
  • Godrej Properties launches Affordable Housing in Ahmedabad
  • Company has approved the scheme of amalgamation of two of its subsidiaries Godrej Developers Private Ltd with Godrej Projects Development Private Ltd.
  • Godrej Properties launches Townhomes in Bengaluru.
  • Godrej Properties launches Godrej Oasis in Gurgaon.
  • Acquisition of shares of Godrej Buildwell Private Limited (GBPL) by Godrej Projects Development Pvt Ltd (GPDPL), both subsidiaries of Godrej Properties.
  • Godrej Properties inks agreement with Godrej & Boyce to develop a new project on the Eastern Express Highway, Vikhroli, Mumbai.

2014

  • Godrej Properties adds new project in Vikhroli through its agreement with Godrej & Boyce, Mar 11, 2014.

2015

  • Godrej Properties ties up with Snapdeal.
  • Godrej Properties announces a township project in Pune.
  • ICRA assigns high-credit-quality rating to Godrej Properties.
  • Godrej Properties adds a large new residential project in Kolkata to its portfolio.
  • Godrej Properties launches a new project in Mumbai.
  • Godrej Properties launches Godrej Prana project in Pune.
  • Godrej Properties wins the ‘Golden Peacock Award for Sustainability’.

2016 

  • Godrej Properties launches Residential Phase 2 at The Trees.
  • Godrej Properties adds a new project in Bengaluru.
  • Godrej Properties announces the establishment of Godrej Fund Management, a dedicated funds management subsidiary.
  • Godrej Properties announces the launch of luxury and premium towers in Godrej Infinity.
  • Godrej Properties launches Godrej Emerald in Thane.
  • Godrej Properties receives several recognitions for its leadership in environmental sustainability.
  • Godrej Properties receives 12 awards at the company, project, and individual levels
  • Godrej Properties announced Godrej BKC, its commercial project in Mumbai, has received the Leadership in Energy and Environmental Design (LEED) Platinum certification.

2017

  • Godrej Properties partners with Taj for luxury hotel at The Trees.
  • Godrej Garden City becomes the largest township in India to be certified at the Platinum level by the Indian Green Building Council.'

2019

  • Godrej Properties has acquired 200 Equity Shares of Rs 10 each, constituting 20% of paid-up equity share capital of Yujya Developers (YDPL) on November 29, 2019

2020

  • Godrej Properties has been chosen as the National Brand Leader as per the Track2Realty BrandXReport 2019-2020. 
  • Godrej Properties has entered into an outright transaction to purchase a well located land parcel in Sarjapur, Bangalore.
  • Godrej Properties has acquired 43.61 acres of land in Faridabad, Haryana, from local builder BPTP to expand its presence in the national capital region.
  • Godrej Properties has acquired 100% issued and paid-up share capital of the Ceear Lifespaces (CLPL). 
  • Godrej Properties has acquired 20% issued and paid-up share capital of Vivrut Developers.
2021
  • Godrej Properties has launched a qualified institutional placement (QIP) issue to raise up to Rs 3,750 crore through the sale of shares.
  • Godrej Properties has increased stake in Godrej Realty to 100% from 51% by acquiring equity shares from HDFC Property Fund.
  • Godrej Properties (GPL) has been ranked number 1 amongst listed global residential developers by the Global Real Estate Sustainability Benchmark, (GRESB) for a second consecutive year. 
  • Godrej Properties has launched its digital brand campaign ‘Everyday Joys- Jahaan Khushiyan Badi Hoti Hai’.
  • Godrej Properties has acquired 100% issued and paid-up share capital of Yerwada Developers (YDPL).
2022
  • Godrej Properties along with its wholly owned subsidiary -- Godrej Projects Development -- has acquired 100% issued and paid-up share capital of Ashank Land & Building (ALBPL).
  • Godrej Properties has been recognized as a Real Estate Development Sector Leader for residential real estate by Global Real Estate Sustainability Benchmark, (GRESB).
2023
  • Godrej Properties has increased its stake in equity share capital of Wonder City Buildcon (WCBPL) and Godrej Home Constructions (GHCPL) from 25.10% to 74%.
  • Godrej Properties has acquired 49% equity shares of Godrej Skyline Developers (GSDPL) from the existing shareholder.
2024
  • Godrej Properties has acquired leasehold rights for around 11-acre land parcel in Hinjewadi, Pune, offering developable potential of around 2.2 million square feet with an estimated revenue potential of around Rs 1,800 crore. 
2025
  • Godrej Properties has acquired 100% equity shares of Pearlshine Home Developers (PHDPL) from its existing shareholders.
  • Godrej Properties has bought 14 land parcels across major cities to build housing projects with revenue potential of about Rs 26,500 crore in the last fiscal year (FY25).
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