BRIGADE

Brigade Enterprises Limited

Real estate developer across residential, office, retail, hospitality and education sectors

Consumer Discretionary›Realty›Realty›Residential, Commercial Projects

brigadegroup.com(opens the company website in a new tab)
Ask AI

Key metrics

Price as of 2026-10-16

Stock price
₹575.15
Market cap
18,773 Cr
Stock P/E
27.0
P/B
2.75
Dividend yield
0.3%
ROE (FY26)
8.6%
ROCE (FY26)
9.6%
Operating margin (FY26)
19.6%
Debt / equity (FY26)
0.90
OCF / EBITDA (FY26)
-9.6%
OCF / EBITDA (3Y)
29.5%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

Loading price history…

Compare with peers

Loading peers…

What you need to know

Brigade (Brigade Enterprises) develops and sells homes, and also owns and leases offices and malls and runs hotels, with its sales concentrated in Bengaluru, Chennai and Hyderabad.

Company snapshot

7thBy market cap

Ranked among 79 companies in Residential, Commercial Projects.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 67.1% of revenue

SegmentRevenue shareRevenuePBTAssets
Add: Other Income—0 Cr167 Cr—
Hospitality
10.7%
385 Cr89 Cr—
Leasing
23.1%
834 Cr437 Cr—
Real estate
67.1%
2,426 Cr419 Cr—

What we see

Concerns
  • ✗Only 30% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales1,367 Cr1,174 Cr1,702 Cr1,078 Cr1,072 Cr1,464 Cr1,460 Cr1,281 Cr1,383 Cr1,575 Cr1,458 Cr1,116 Cr
Operating expenses (approx.)1,042 Cr912 Cr1,270 Cr785 Cr780 Cr1,050 Cr1,044 Cr957 Cr1,055 Cr1,164 Cr1,093 Cr754 Cr
EBITDA325 Cr262 Cr433 Cr293 Cr292 Cr414 Cr416 Cr324 Cr328 Cr411 Cr365 Cr361 Cr
OPM %23.8%22.3%25.4%27.1%27.2%28.3%28.5%25.3%23.7%26.1%25.0%32.4%
Other income41 Cr34 Cr60 Cr36 Cr66 Cr66 Cr72 Cr52 Cr46 Cr48 Cr66 Cr64 Cr
Interest110 Cr135 Cr138 Cr152 Cr123 Cr114 Cr107 Cr106 Cr102 Cr90 Cr112 Cr109 Cr
Depreciation76 Cr82 Cr76 Cr68 Cr69 Cr76 Cr76 Cr76 Cr76 Cr80 Cr80 Cr73 Cr
Profit before tax180 Cr79 Cr279 Cr108 Cr166 Cr289 Cr306 Cr194 Cr196 Cr270 Cr245 Cr285 Cr
Tax %37.6%29.8%24.4%25.7%30.8%18.5%18.4%18.5%12.9%23.7%22.1%23.8%
Net profit113 Cr56 Cr211 Cr81 Cr115 Cr236 Cr249 Cr158 Cr170 Cr206 Cr191 Cr217 Cr
EPS (₹)₹5.79₹3.18₹8.92₹3.62₹4.94₹9.98₹10.35₹6.13₹6.65₹7.63₹5.95₹6.14

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2,024 Cr1,897 Cr2,973 Cr2,632 Cr1,950 Cr2,999 Cr3,445 Cr4,897 Cr5,074 Cr5,697 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,450 Cr1,343 Cr2,183 Cr1,969 Cr1,478 Cr2,232 Cr2,586 Cr3,702 Cr3,660 Cr4,270 CrSign in free for the trailing twelve months
EBITDA574 Cr554 Cr790 Cr663 Cr472 Cr766 Cr859 Cr1,194 Cr1,414 Cr1,427 CrSign in free for the trailing twelve months
OPM %28.4%29.2%26.6%25.2%24.2%25.6%24.9%24.4%27.9%25.1%Sign in free for the trailing twelve months
Other income34 Cr48 Cr54 Cr49 Cr60 Cr67 Cr119 Cr167 Cr239 Cr212 CrSign in free for the trailing twelve months
Interest246 Cr259 Cr279 Cr340 Cr347 Cr444 Cr434 Cr491 Cr495 Cr409 CrSign in free for the trailing twelve months
Depreciation123 Cr138 Cr140 Cr192 Cr237 Cr351 Cr315 Cr302 Cr289 Cr312 CrSign in free for the trailing twelve months
Profit before tax240 Cr196 Cr427 Cr161 Cr-125 Cr-15 Cr278 Cr569 Cr869 Cr904 CrSign in free for the trailing twelve months
Tax %30.4%32.1%34.0%29.3%22.9%-330.6%20.1%29.5%21.7%19.8%Sign in free for the trailing twelve months
Net profit167 Cr133 Cr282 Cr114 Cr-96 Cr-65 Cr222 Cr401 Cr680 Cr725 CrSign in free for the trailing twelve months
EPS (₹)₹13.50₹10.40₹17.62₹6.39₹-2.24₹3.67₹12.64₹19.56₹28.74₹26.36Sign in free for the trailing twelve months
Dividend payout %——————15.6%11.5%6.8%8.4%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital114 Cr136 Cr136 Cr204 Cr211 Cr230 Cr231 Cr231 Cr244 Cr245 Cr
Reserves1,581 Cr2,151 Cr2,033 Cr2,077 Cr2,137 Cr2,680 Cr3,014 Cr3,418 Cr5,394 Cr6,576 Cr
Borrowings1,817 Cr2,878 Cr3,378 Cr3,911 Cr4,007 Cr4,833 Cr4,549 Cr5,337 Cr5,274 Cr6,110 Cr
Other liabilities2,613 Cr2,434 Cr5,064 Cr5,903 Cr7,350 Cr7,447 Cr8,685 Cr8,992 Cr10,900 Cr12,620 Cr
Total liabilities6,352 Cr7,822 Cr10,800 Cr12,261 Cr13,820 Cr15,158 Cr16,377 Cr17,886 Cr22,090 Cr26,253 Cr
Fixed assets (net)469 Cr807 Cr912 Cr1,012 Cr994 Cr925 Cr881 Cr901 Cr992 Cr1,057 Cr
CWIP1,555 Cr2,121 Cr2,001 Cr2,089 Cr495 Cr541 Cr740 Cr1,232 Cr1,929 Cr3,584 Cr
Investments54 Cr236 Cr1,445 Cr2,041 Cr4,092 Cr4,469 Cr3,824 Cr3,707 Cr4,124 Cr4,137 Cr
Loans & advances——15 Cr20 Cr22 Cr13 Cr21 Cr2 Cr2 Cr0 Cr
Inventories2,264 Cr2,179 Cr4,816 Cr5,209 Cr5,902 Cr6,223 Cr7,327 Cr7,736 Cr8,869 Cr11,401 Cr
Trade receivables37 Cr177 Cr421 Cr431 Cr527 Cr504 Cr462 Cr500 Cr629 Cr601 Cr
Cash & bank108 Cr118 Cr181 Cr240 Cr314 Cr377 Cr396 Cr574 Cr1,870 Cr1,486 Cr
Other assets1,864 Cr2,184 Cr1,008 Cr1,218 Cr1,474 Cr2,107 Cr2,726 Cr3,235 Cr3,675 Cr3,988 Cr
Total assets6,352 Cr7,822 Cr10,800 Cr12,261 Cr13,820 Cr15,158 Cr16,377 Cr17,886 Cr22,090 Cr26,253 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity398 Cr49 Cr467 Cr465 Cr796 Cr1,032 Cr966 Cr334 Cr995 Cr-137 Cr
Cash from investing-335 Cr-1,084 Cr-452 Cr-717 Cr-748 Cr-971 Cr-271 Cr-385 Cr-590 Cr-1,436 Cr
Cash from financing-58 Cr1,032 Cr45 Cr321 Cr37 Cr33 Cr-695 Cr246 Cr860 Cr1,202 Cr
Net cash flow5 Cr-4 Cr60 Cr69 Cr84 Cr94 Cr0.64 Cr195 Cr1,265 Cr-372 Cr
Free cash flow (OCF − Capex)29 Cr-867 Cr-161 Cr-277 Cr300 Cr824 Cr966 Cr334 Cr995 Cr-1,876 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %13.0%8.4%12.3%7.9%3.4%5.6%9.3%11.9%12.2%9.6%
ROE %8.0%5.3%10.2%5.3%-1.9%2.9%9.3%12.7%11.6%8.6%
Debtor days7345260986149374538
Inventory days5146455312579146162922521517195381478964005297
Days payable11731100158814042857224419591453567410
Cash conversion cycle3979348711043132722646619334176281337358784925
OCF / EBITDA %69.3%8.8%59.2%70.1%168.6%134.7%112.5%28.0%70.4%-9.6%
OCF / EBITDA % (3 years)——47.6%48.9%89.8%120.6%133.2%82.7%66.2%29.5%
Debt / equity1.071.261.561.711.711.681.451.500.940.90
Current ratio1.051.261.161.111.041.131.111.161.211.24
Net debt / EBITDA2.98—4.055.537.835.814.833.992.413.24