Godrej Properties Ltd - Stock Valuation and Financial Performance

BSE: 533150 | NSE: GODREJPROP | Construction - Real Estate | Mid Cap

Godrej Properties Share Price

2,878.75 3.85 0.13%
as on 31-Oct'24 16:01

DeciZen - make an informed investing decision on Godrej Properties

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Semi Strong

Godrej Properties stock performance -

mw4me loader
P/E Ratio (SA):
78.64
Market Cap:
80,047.1 Cr.
52-wk low:
1,620.1
52-wk high:
3,400

Is Godrej Properties Ltd an attractive stock to invest in?

1. Is Godrej Properties Ltd a good quality company?

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

2. Is Godrej Properties Ltd undervalued or overvalued?

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

3. Is Godrej Properties Ltd a good buy now?

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

10 Year X-Ray of Godrej Properties:

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

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 8.1%4.3%8.4%6.7%9.5%11.9%2.8%6.8%6.9%6%-
Value Creation
Index
-0.4-0.7-0.4-0.5-0.30.1-0.8-0.4-0.4-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 5173741,0085561,4342,0855701,4731,1551,3311,649
Sales YoY Gr.--27.6%169.4%-44.8%157.7%45.5%-72.7%158.3%-21.6%15.2%-
Adj EPS 4.60.28.9-2.44.514.7-0.719.120.517.436.6
YoY Gr.--96.7%5860%-127%NA228.4%-104.5%NA7.3%-15.5%-
BVPS (₹) 9682.491.866.7115.6202.4314.8333.8357.5377.8403.2
Adj Net
Profit
91.73.2193-52.2103370-18.25325714821,018
Cash Flow from Ops. -428-418-29050412766.6-59322.5-1,894180-
Debt/CF from Ops. -4.9-6.6-12.17.327.655.6-7.6228.1-3.455.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 11.1%-1.5%32.6%15.2%
Adj EPS 15.9%31.2%NA-15.5%
BVPS16.4%26.7%6.3%5.7%
Share Price 28% 23.5% 7.1% 72.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
4.90.210.2-359.5-0.35.95.94.79.4
Op. Profit
Mgn %
20.9-6.622.1-22.56.321.4-47.39.212.5-4.9-14.6
Net Profit
Mgn %
17.70.819.2-9.47.217.7-3.236.149.436.361.7
Debt to
Equity
1.11.61.82.61.30.70.50.60.610.4
Working Cap
Days
2,4423,9321,7093,3081,2189034,6502,2523,8304,8791,794
Cash Conv.
Cycle
6831,1715801,2904402231,1984849671,697661

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.40%

Sales growth is growing at healthy rate in last 3 years 32.62%

Debt to equity has declined versus last 3 years average to 0.95

Sales growth is good in last 4 quarters at 35.25%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Godrej Properties Ltd.

Standalone Consolidated
TTM EPS (₹) 36.6 50
TTM Sales (₹ Cr.) 1,649 3,589
BVPS (₹.) 403.2 390.2
Reserves (₹ Cr.) 11,073 10,711
P/BV 7.14 7.38
PE 78.64 57.64
From the Market
52 Week Low / High (₹) 1620.05 / 3400.00
All Time Low / High (₹) 153.90 / 3400.00
Market Cap (₹ Cr.) 80,047
Equity (₹ Cr.) 139
Face Value (₹) 5
Industry PE 72.4

Management X-Ray of Godrej Properties:

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 (%)

Event Update

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Analyst's Notes

Key Ratios of Godrej Properties

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales5173741,0085561,4342,0855701,4731,1551,331
Operating Expenses 4093997956821,3441,7009081,3781,0171,407
Manufacturing Costs000002041364456
Material Costs3162466164141,0101,208294923487645
Employee Cost 3845609914415225888178221
Other Costs 54108118169191320315331308485
Operating Profit 108-25214-12590385-33795138-76
Operating Profit Margin (%) 20.9%-6.6%21.2%-22.5%6.3%18.5%-59.1%6.5%11.9%-5.7%
Other Income 2022222224944605206578589451,195
Interest 158152157192252266221222233380
Depreciation 9141315131716181924
Exceptional Items 0000000000
Profit Before Tax 1443226616228562283714831714
Tax 169705776238126188175150
Profit After Tax 12823197105209384-43526656564
PAT Margin (%) 24.8%6.1%19.5%18.9%14.6%18.4%-7.6%35.7%56.8%42.4%
Adjusted EPS (₹)6.41.19.14.99.115.2-1.618.923.620.3
Dividend Payout Ratio (%)31%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 1,9131,7811,9861,4432,6525,1008,7509,2809,93810,504
Share Capital 100108108108115126139139139139
Reserves 1,8141,6731,8781,3352,5374,9748,6119,1419,79910,365
Minority Interest0000000000
Debt1,8912,7703,5063,7033,5163,2044,5135,1206,3509,943
Long Term Debt50050050001,0001,00002,660
Short Term Debt1,8862,7703,5063,2033,0163,2043,5134,1206,3507,283
Trade Payables62811492091434314153841,4201,581
Others Liabilities 8606393721,4041,0939831,1751,2242,1295,810
Total Liabilities 4,7275,2716,0136,7597,4039,71814,85316,00719,83727,839

Fixed Assets

Gross Block67123129152148173222238287363
Accumulated Depreciation2713253949668296110135
Net Fixed Assets3910910411399108140142177228
CWIP 8310041492299233
Investments 5587187671,3412,4663,3925,2805,1183,0874,385
Inventories1,0391,3551,9432,0811,5801,2472,5222,3096,0069,217
Trade Receivables9075147105104383202146157161
Cash Equivalents 35773752862824276361,2761,6162,215
Others Assets2,5622,9402,9772,8332,8694,1476,0656,9948,69611,400
Total Assets 4,7275,2716,0136,7597,4039,71814,85316,00719,83727,839

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -428-418-29050412767-59322-1,894180
PBT 1443226616228562283714831714
Adjustment -25-65-38-225-162-71-343-436-732-835
Changes in Working Capital -513-344-41062929-462-347-75-1843486
Tax Paid -33-41-108-62-24-2214-181-151-186
Cash Flow From Investing Activity -87194-327-363-646-2,056-3,467-4391,305-2,449
Capex -20-17-10-6-49-35-35-52-72-107
Net Investments -242121-54-302-458-1,354-2,3712882,448-1,359
Others 17490-263-56-139-666-1,061-675-1,071-983
Cash Flow From Financing Activity 219332390-4519711,9784,3872968422,825
Net Proceeds from Shares 00001,0002,0663,691000
Net Proceeds from Borrowing -198-197050000500001,660
Interest Paid -158-249-283-275-294-299-254-304-379-938
Dividend Paid -40-4000000000
Others 614817672-6762652114516011,2222,103
Net Cash Flow -296107-228-310452-11327-121253555
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)6.841.2310.436.1310.229.91-0.625.836.825.52
ROCE (%)8.074.38.416.659.4811.862.756.766.935.96
Asset Turnover Ratio0.110.070.180.090.20.240.050.10.060.06
PAT to CFO Conversion(x)-3.34-18.17-1.474.80.610.17N/A0.04-2.890.32
Working Capital Days
Receivable Days738140832743187434844
Inventory Days6951,1685971,3204662471,2065981,3142,088
Payable Days100106681586487525158676849

Godrej Properties Ltd Stock News

Godrej Properties Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Godrej Properties on 31-Oct-2024 16:01 is ₹2,878.8.
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 31-Oct-2024 16:01 the market cap of Godrej Properties stood at ₹80,047.1.
The latest P/E ratio of Godrej Properties as of 31-Oct-2024 16:01 is 78.64.
The latest P/B ratio of Godrej Properties as of 31-Oct-2024 16:01 is 7.14.
The 52-week high of Godrej Properties is ₹3,400 and the 52-week low is ₹1,620.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Godrej Properties is ₹1,649 ( Cr.) .

About Godrej Properties Ltd

Godrej Properties Ltd. brings the Godrej Group philosophy of innovation, sustainability, and excellence to the real estate industry. Each Godrej Properties development combines a 123-year legacy of excellence and trust with a commitment to cutting-edge design and technology. 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.  It is one of India's only national developers with a strong presence across the country's leading real estate markets. 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 a real estate company. The Company is engaged in construction and real estate development. The Company focuses on developing residential, commercial and township projects.

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

  • The Most Trusted Real Estate Brand’ in 2019 from the Brand Trust Report.
  • Real Estate Company of the Year at the 9th Construction Week Awards 2019.
  • Equality and Diversity Champion 2019 at the APREA Property Leaders Awards.
  • The Economic Times Best Real Estate Brand 2018. 
  • The ‘Builder of the Year’ at the CNBC-Awaaz Real Estate Awards 2018.
  • Intelligent Enterprise Awards 2018.
  • Golden Bricks Awards 2016 -17.
  • CWAB Awards 2017;
  • Real Estate Company of the Year 2017.
  • Golden Peacock National Quality Award - 2017.
  • ABP News Real Estate Awards 2017.
  • Corporate LiveWire - Innovation & Excellence Awards 2017.
  • Ranked 2nd in Asia & 5th globally by GRESB (Global Real Estate Sustainability Benchmark).
  • Institute Of Directors India's 27th World Congress on Business Excellence and Innovation.

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.
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