Godrej Properties Ltd - Stock Valuation and Financial Performance

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

Godrej Properties Share Price

2,672.10 15.55 0.59%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Godrej Properties

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Godrej Properties stock performance -

mw4me loader
P/E Ratio (SA):
121.01
Market Cap:
74,295.5 Cr.
52-wk low:
1,241.1
52-wk high:
2,791.2

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 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

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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 6.3%5.4%2.6%6%1.5%4.9%7.4%1.2%5%4.8%-
Value Creation
Index
-0.6-0.6-0.8-0.6-0.9-0.6-0.3-0.9-0.6-0.6-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 6645173741,0085561,4342,0855701,4731,1551,281
Sales YoY Gr.--22.2%-27.6%169.4%-44.8%157.7%45.5%-72.7%158.3%-21.6%-
Adj EPS 4.84.60.28.9-2.44.514.7-0.719.120.422.1
YoY Gr.--3.6%-96.7%5860%-127%NA228.4%-104.5%NA6.4%-
BVPS (₹) 92.39682.491.866.7115.6202.4314.8333.8357.5370.3
Adj Net
Profit
94.591.73.2193-52.2103370-18.2532566614
Cash Flow from Ops. -448-428-418-29050412766.6-59322.5-1,894-
Debt/CF from Ops. -3.7-4.9-6.6-12.17.327.655.6-7.6228.1-3.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 6.3%15.7%-17.9%-21.6%
Adj EPS 17.5%NA11.5%6.4%
BVPS16.2%39.9%20.9%7.1%
Share Price 28.6% 24.2% 27% 108.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
64.90.210.2-359.5-0.35.95.96.1
Op. Profit
Mgn %
1720.9-6.622.1-22.56.321.4-47.39.211.90.7
Net Profit
Mgn %
14.217.70.819.2-9.47.217.7-3.236.14947.9
Debt to
Equity
0.91.11.61.82.61.30.70.50.60.6-
Working Cap
Days
1,6132,4423,9321,7093,3081,2189034,6502,2523,8302,571
Cash Conv.
Cycle
4136831,1715801,2904402231,1984849481,099

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 6.10%

Net Profit is growing at healthy rate in last 3 years 11.54%

Debt to equity has declined versus last 3 years average to 0.64

Sales growth has been subdued in last 3 years -17.88%

Sales growth is not so good in last 4 quarters at 6.21%

Latest Financials - Godrej Properties Ltd.

Standalone Consolidated
TTM EPS (₹) 22.1 24
TTM Sales (₹ Cr.) 1,281 3,256
BVPS (₹.) 370.3 343.3
Reserves (₹ Cr.) 10,156 9,407
P/BV 7.22 7.78
PE 121.01 111.53
From the Market
52 Week Low / High (₹) 1241.05 / 2791.20
All Time Low / High (₹) 153.90 / 2791.20
Market Cap (₹ Cr.) 74,295
Equity (₹ Cr.) 139
Face Value (₹) 5
Industry PE 81.3

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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales6645173741,0085561,4342,0855701,4731,155
Operating Expenses 5514093997956821,3441,7009081,3781,017
Manufacturing Costs00000020413635
Material Costs4923162466164141,0101,208294923487
Employee Cost 243845609914415225888178
Other Costs 3654108118169191320315331318
Operating Profit 113108-25214-12590385-33795138
Operating Profit Margin (%) 17.0%20.9%-6.6%21.2%-22.5%6.3%18.5%-59.1%6.5%11.9%
Other Income 107202222222494460520657858945
Interest 119158152157192252266221222233
Depreciation 591413151317161819
Exceptional Items 0000000000
Profit Before Tax 961443226616228562283714831
Tax -1169705776238126188175
Profit After Tax 9812823197105209384-43526656
PAT Margin (%) 14.7%24.8%6.1%19.5%18.9%14.6%18.4%-7.6%35.7%56.8%
Adjusted EPS (₹)4.96.41.19.14.99.115.2-1.618.923.6
Dividend Payout Ratio (%)41%31%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 1,8291,9131,7811,9861,4432,6525,1008,7509,2809,938
Share Capital 99100108108108115126139139139
Reserves 1,7301,8141,6731,8781,3352,5374,9748,6119,1419,799
Minority Interest0000000000
Debt1,5201,8912,7703,5063,7033,5163,2044,5135,1205,350
Long Term Debt20450050050001,0001,0000
Short Term Debt1,3171,8862,7703,5063,2033,0163,2043,5134,1205,350
Trade Payables11162811492091434314153841,420
Others Liabilities 8418606393721,4041,0939831,1751,2243,129
Total Liabilities 4,3014,7275,2716,0136,7597,4039,71814,85316,00719,837

Fixed Assets

Gross Block6267123129152148173222238287
Accumulated Depreciation212713253949668296110
Net Fixed Assets413910910411399108140142177
CWIP 708310041492299
Investments 3165587187671,3442,4683,4025,3035,1183,087
Inventories9281,0391,3551,9432,0811,5801,2472,5222,3096,006
Trade Receivables1169075147105104383202146157
Cash Equivalents 65335773752862824276361,2761,616
Others Assets2,1772,5622,9402,9772,8302,8674,1376,0426,9948,696
Total Assets 4,3014,7275,2716,0136,7597,4039,71814,85316,00719,837

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -448-428-418-29050412767-59322-1,894
PBT 961443226616228562283714831
Adjustment 21-25-65-38-225-162-71-343-436-732
Changes in Working Capital -553-513-344-41062929-462-347-75-1843
Tax Paid -13-33-41-108-62-24-2214-181-151
Cash Flow From Investing Activity -362-87194-327-363-646-2,056-3,467-4391,305
Capex -57-20-17-10-6-49-35-35-52-72
Net Investments -402-242121-54-302-458-1,354-2,3712882,448
Others 9717490-263-56-139-666-1,061-675-1,071
Cash Flow From Financing Activity 1,415219332390-4519711,9784,387296842
Net Proceeds from Shares 69100001,0002,0663,69100
Net Proceeds from Borrowing -142-198-19705000050000
Interest Paid -118-158-249-283-275-294-299-254-304-379
Dividend Paid -31-40-400000000
Others 1,016614817672-6762652114516011,222
Net Cash Flow 605-296107-228-310452-11327-121253
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)6.126.841.2310.436.1310.229.91-0.625.836.82
ROCE (%)7.668.074.38.416.659.4811.862.756.766.93
Asset Turnover Ratio0.180.110.070.180.090.20.240.050.10.06
PAT to CFO Conversion(x)-4.57-3.34-18.17-1.474.80.610.17N/A0.04-2.89
Working Capital Days
Receivable Days497381408327431874348
Inventory Days4346951,1685971,3204662471,2065981,314
Payable Days81100106681586487525158676

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 12-Apr-2024 16:59 is ₹2,672.1.
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 12-Apr-2024 16:59 the market cap of Godrej Properties stood at ₹74,295.5.
The latest P/E ratio of Godrej Properties as of 12-Apr-2024 16:59 is 121.0.
The latest P/B ratio of Godrej Properties as of 12-Apr-2024 16:59 is 7.22.
The 52-week high of Godrej Properties is ₹2,791.2 and the 52-week low is ₹1,241.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Godrej Properties is ₹1,281 ( 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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