GODREJPROP

Godrej Properties Limited

Godrej group's real-estate developer — residential and commercial projects nationwide

Consumer Discretionary›Realty›Realty›Residential, Commercial Projects

godrejproperties.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹1603.30
Market cap
48,306 Cr
Stock P/E
30.2
P/B
2.52
Dividend yield
0.0%
ROE (FY26)
9.6%
ROCE (FY26)
7.7%
Operating margin (FY26)
-10.4%
Debt / equity (FY26)
0.82

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.

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Compare with peers

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What you need to know

Godrej Properties builds and sells apartments and commercial projects in India's large cities.

Company snapshot

6thBy market cap

Ranked among 79 companies in Residential, Commercial Projects.

What we see

Positives
  • ✓Net margin of 35.9% — the business keeps a healthy share of every rupee it earns.
Concerns
  • ✗Interest coverage of -3.9x — earnings barely cover interest payments, which is a warning sign.

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
Sales343 Cr330 Cr1,426 Cr739 Cr1,093 Cr969 Cr2,122 Cr435 Cr740 Cr498 Cr3,458 Cr506 Cr
Operating expenses (approx.)405 Cr372 Cr1,303 Cr864 Cr1,061 Cr941 Cr2,012 Cr678 Cr1,253 Cr681 Cr2,936 Cr791 Cr
EBITDA-62 Cr-42 Cr123 Cr-125 Cr32 Cr28 Cr110 Cr-243 Cr-513 Cr-183 Cr522 Cr-285 Cr
OPM %-18.0%-12.6%8.6%-16.9%2.9%2.8%5.2%-56.0%-69.3%-36.7%15.1%-56.3%
Other income262 Cr218 Cr489 Cr960 Cr253 Cr271 Cr559 Cr1,186 Cr1,210 Cr535 Cr349 Cr839 Cr
Interest48 Cr43 Cr31 Cr41 Cr45 Cr42 Cr46 Cr33 Cr22 Cr31 Cr52 Cr36 Cr
Depreciation7 Cr14 Cr16 Cr17 Cr18 Cr18 Cr21 Cr22 Cr26 Cr32 Cr36 Cr30 Cr
Profit before tax111 Cr95 Cr601 Cr716 Cr219 Cr220 Cr567 Cr861 Cr566 Cr255 Cr869 Cr480 Cr
Tax %34.8%33.7%20.5%27.6%-52.2%28.2%33.2%30.5%28.8%23.9%25.8%27.2%
Net profit73 Cr63 Cr478 Cr519 Cr334 Cr158 Cr378 Cr598 Cr403 Cr194 Cr645 Cr349 Cr
EPS (₹)₹2.40₹2.24₹16.95₹18.70₹12.06₹5.70₹12.68₹19.92₹13.45₹6.48₹21.58₹11.62

Profit & loss (annual)

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

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,583 Cr1,889 Cr2,817 Cr2,441 Cr765 Cr1,825 Cr2,252 Cr3,036 Cr4,923 Cr5,131 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,333 Cr1,894 Cr2,639 Cr2,096 Cr1,098 Cr1,692 Cr2,005 Cr3,165 Cr4,878 Cr5,548 CrSign in free for the trailing twelve months
EBITDA250 Cr-4 Cr178 Cr345 Cr-333 Cr133 Cr248 Cr-130 Cr44 Cr-417 CrSign in free for the trailing twelve months
OPM %15.8%-0.2%6.3%14.1%-43.6%7.3%11.0%-4.3%0.9%-8.1%Sign in free for the trailing twelve months
Other income125 Cr501 Cr405 Cr473 Cr568 Cr761 Cr787 Cr1,299 Cr2,044 Cr3,279 CrSign in free for the trailing twelve months
Interest102 Cr150 Cr234 Cr222 Cr185 Cr167 Cr174 Cr152 Cr174 Cr137 CrSign in free for the trailing twelve months
Depreciation15 Cr16 Cr14 Cr21 Cr20 Cr21 Cr24 Cr45 Cr74 Cr116 CrSign in free for the trailing twelve months
Profit before tax285 Cr337 Cr348 Cr491 Cr-86 Cr516 Cr795 Cr1,000 Cr1,723 Cr2,551 CrSign in free for the trailing twelve months
Tax %27.3%30.2%27.3%44.9%-121.1%32.1%22.0%25.3%19.4%27.8%Sign in free for the trailing twelve months
Net profit207 Cr235 Cr253 Cr271 Cr-189 Cr351 Cr621 Cr747 Cr1,389 Cr1,841 CrSign in free for the trailing twelve months
EPS (₹)₹9.60₹10.86₹11.16₹10.84₹-7.48₹12.68₹20.55₹26.09₹49.02₹61.43Sign in free for the trailing twelve months
Dividend payout %—————0.0%0.0%0.0%0.0%0.0%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 capital108 Cr—115 Cr126 Cr139 Cr139 Cr139 Cr139 Cr151 Cr151 Cr
Reserves1,896 Cr—2,354 Cr4,678 Cr8,181 Cr8,536 Cr9,125 Cr9,853 Cr17,162 Cr19,005 Cr
Borrowings3,976 Cr—3,516 Cr3,210 Cr4,513 Cr5,170 Cr6,412 Cr10,656 Cr12,561 Cr15,615 Cr
Other liabilities1,199 Cr—2,108 Cr2,091 Cr3,415 Cr3,960 Cr7,406 Cr14,777 Cr25,331 Cr46,925 Cr
Total liabilities7,179 Cr—8,093 Cr10,106 Cr16,248 Cr17,804 Cr23,105 Cr35,735 Cr55,466 Cr81,894 Cr
Fixed assets (net)75 Cr—72 Cr78 Cr102 Cr129 Cr170 Cr930 Cr1,043 Cr1,281 Cr
CWIP0.01 Cr—99 Cr161 Cr229 Cr339 Cr652 Cr249 Cr113 Cr169 Cr
Investments760 Cr—2,639 Cr3,581 Cr5,266 Cr4,917 Cr2,567 Cr3,181 Cr6,087 Cr5,661 Cr
Loans & advances——1,030 Cr1,603 Cr2,437 Cr2,553 Cr2,395 Cr1,779 Cr2,129 Cr2,108 Cr
Inventories3,966 Cr—2,211 Cr2,125 Cr4,801 Cr5,668 Cr12,073 Cr22,565 Cr32,928 Cr57,807 Cr
Trade receivables222 Cr—160 Cr433 Cr238 Cr192 Cr359 Cr310 Cr434 Cr554 Cr
Cash & bank74 Cr—153 Cr147 Cr269 Cr179 Cr715 Cr1,320 Cr1,502 Cr1,861 Cr
Other assets2,083 Cr—1,729 Cr1,979 Cr2,905 Cr3,826 Cr4,174 Cr5,402 Cr11,230 Cr12,453 Cr
Total assets7,179 Cr—8,093 Cr10,106 Cr16,248 Cr17,804 Cr23,105 Cr35,735 Cr55,466 Cr81,894 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 activity-566 Cr—478 Cr-230 Cr-555 Cr-452 Cr-2,861 Cr-693 Cr-2,242 Cr-1,961 Cr
Cash from investing14 Cr—-981 Cr-1,721 Cr-3,322 Cr124 Cr1,134 Cr-2,080 Cr-4,273 Cr622 Cr
Cash from financing335 Cr—970 Cr1,972 Cr4,264 Cr238 Cr832 Cr3,363 Cr6,710 Cr938 Cr
Net cash flow-217 Cr—467 Cr21 Cr387 Cr-90 Cr-894 Cr591 Cr194 Cr-402 Cr
Free cash flow (OCF − Capex)-575 Cr—404 Cr-293 Cr-683 Cr-598 Cr-2,861 Cr-1,388 Cr-2,454 Cr-2,367 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %6.5%9.5%9.7%8.9%0.8%4.9%6.2%5.5%6.3%7.7%
ROE %10.3%11.7%10.3%5.6%-2.3%4.1%6.2%7.0%8.0%9.6%
Debtor days514221651133858373239
Inventory days91211611424521580991681121410461074
Days payable1081271601762303941892020110
Cash conversion cycle85510751285409464635550104910781004
OCF / EBITDA %-226.2%—268.5%-66.5%—-339.2%-1155.2%—n.m.—
OCF / EBITDA % (3 years)————-161.4%n.m.n.m.-1594.9%n.m.—
Debt / equity1.981.661.420.670.540.600.691.070.730.82
Current ratio1.351.371.081.451.931.881.461.431.511.27
Net debt / EBITDA15.59—18.898.87—37.4823.01—249.30—