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Brigade Enterprises Performance

Days Range

Low: ₹992.00
High: ₹1,022.00
Previous Close ₹1,004.95
Open ₹1,019.00
Volume 1,55,021
Day’s Range ₹992.00 - ₹1,022.00
52W Range ₹446.25 - ₹1,108.00
Market Cap ₹23,201 Cr

Brigade Enterprises Fundamentals

ROCE (TTM) 8.96
P/E Ratio (TTM) 73.71
P/B Ratio 6.88
Industry P/E 50.77
Debt to Equity 1.44
ROE 8.82
EPS (TTM) 13.46
Dividend Yield 0.2
Book Value 146.01
Face Value 10

Brigade Enterprises Financials

Mar 2023Jun 2023Sep 2023Dec 2023
Net Sales842.57653.971,366.581,173.77
Expenses723.97547.271,117.54993.81
Profit before tax65.1430.04180.3579.46
Operating Profit63.0921.89112.555.79
Net Profit63.0921.89112.555.79
EPS in Rs2.191.675.793.18

About Brigade Enterprises

History

Brigade Group, a prominent real estate developer in India, has been shaping the architectural landscape of South India since its establishment in 1986. With over 35 years of experience, Brigade has completed over 275 buildings, contributing to over 80 million sq. ft of developed space. Their diverse portfolio encompasses Residential, Commercial, Retail, Hospitality, and Education sectors, significantly impacting cities like Bengaluru, Mysuru, Mangaluru, Chikmagalur, Hyderabad, Chennai, Kochi, and Gandhinagar in Gujarat.

The company made its mark on the stock market by listing on the BSE and NSE on December 31, 2007, with an impressive IPO of ₹648.36 crore. Brigade is particularly noted for its high-quality Grade A commercial properties and holds the prestigious title of being the licensed owner of the World Trade Centre across South India.

A notable cultural contribution by Brigade is the establishment of a 50,000 sq ft music museum,  “The Indian Music Experience (IME).” Completed in 2013,  it is India’s only high-tech interactive music museum, demonstrating its commitment to preserving and promoting Indian music heritage.

Brigade Enterprises Ltd launched its inaugural luxury apartment project in Derebail, Mangaluru, in 2017. Their commercial projects are home to top international clients, and in March 2019, Brigade expanded into the co-working domain with ‘BuzzWorks’, further cementing their influence in the sector. The commercial segment has flourished under their guidance, with over 5 million sq. ft of office space currently under development.

Brigade Group’s reputation for excellence is further validated by its recognition among India’s top 100 best mid-size companies to work for in 2023, especially within the Real Estate industry.

Business Segments 

Brigade Enterprises Limited operates in four main business segments:

  1. Residential: This is the core segment for Brigade, responsible for a significant portion of the company’s revenue. They develop apartments, villas, and gated communities across various price points and target audiences. They are known for their quality construction, thoughtful design, and focus on amenities.
  2. Commercial: Brigade develops Grade A office spaces, co-working spaces, and business parks catering to domestic and multinational companies. Their projects are strategically located and offer modern facilities and amenities, making them popular business choices.
  3. Retail: Brigade owns and operates a chain of shopping malls under the “Orion” brand. These malls are known for their premium brands, diverse offerings, and focus on entertainment and experiential shopping. They also contribute significantly to the company’s rental income.
  4. Hospitality: Brigade operates a portfolio of hotels, resorts, serviced apartments, and convention centres. They cater to business and leisure travellers, offering high-quality accommodation and personalised services.

Subsidiaries of Brigade Enterprises Limited

The company has 19 direct subsidiaries, 3 step-down subsidiaries and 2 limited liability partnerships as of March 31, 2023. A few of them are listed below:

  1. Brigade Tetrarch Private Limited: This subsidiary is involved in the business of sports, amusements, and recreational activities. It was formerly known as Tetrarch Holdings Private Limited and is a wholly-owned subsidiary of Brigade Enterprises Limited. It has a long history, having been incorporated in July 1995.
  2. Brigade Estates and Projects Private Limited: This subsidiary focuses on real estate development, particularly residential projects. It is likely responsible for constructing and managing some of Brigade Group’s well-known residential projects.
  3. Brigade Infrastructure and Power Private Limited: As the name suggests, this subsidiary deals with infrastructure and power projects. It might be involved in building roads, bridges, power plants, or other infrastructure crucial for development.

Key Personnel

R. Jaishankar, Executive Chairman

Mr Jaishankar, with over 35 years of experience in construction and real estate, has been a transformative leader for his group. His commitment to quality and customer focus has turned the Group into a multinational, multi-domain enterprise. His significant role in real estate development matches his contributions to education, health, community development, and social philanthropy. In recognition of his outstanding achievements, he received the ‘Bharat Ratna Sir M Visvesvaraya Award’ from FKCCI in September 2022.

Corporate Actions 

Bonus

  • Brigade Enterprises Limited issued a 1:2 bonus share on August 29, 2019. 

Management Outlook

  • Brigade Enterprises anticipates continued growth in the residential real estate sector, with housing prices expected to rise by 5% in FY24, following an 8-10% increase in FY23. Sales are projected to increase by 9% YOY, driven by steady, healthy demand despite recessionary and inflationary pressures.
  • There’s been an 8-10% YOY increase in construction costs in FY23 due to higher input costs, leading to a 5-6% rise in developers’ blended costs. Larger, well-organized players with strong brand equity and financial stability are expected to perform well in FY24.
  • Brigade plans to launch about 7.5 million sq. ft of residential business in FY24, including 0.6 million sq. ft of plotted development, complemented by new commercial launches. Additionally, 1.9 million sq. ft of office and retail space is slated for launch in the leasing segment.
  • The company is looking to expand its portfolio by venturing into warehousing, logistics, and data centre sectors, indicating a strategic move towards diversification and capturing new market opportunities.
Parent Organisation Indian Private
Founded 1995
Managing Director Aroon Raman
NSE Symbol BRIGADE

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Brigade Enterprises FAQs

What is the Share price of Brigade Enterprises (BRIGADE)?

Brigade Enterprises (BRIGADE) share price as of March 4, 2024, on NSE is Rs 1,000.00 (NSE) and Rs 1,015.00 (BSE) on BSE.

Can I buy Brigade Enterprises (BRIGADE) shares?

Yes, You can buy Brigade Enterprises (BRIGADE) shares by opening a Demat account with Angel One.

How do I buy Brigade Enterprises (BRIGADE) from Angel One?

Brigade Enterprises (BRIGADE) share can be brought through the following modes:
  1. Direct investment: You can buy Brigade Enterprises (BRIGADE) shares by opening a Demat account with Angel One.
  2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Brigade Enterprises (BRIGADE) shares.

Is Brigade Enterprises a Debt free Company?

Brigade Enterprises is not a debt-free company.

What is the main business of Brigade Enterprises ?

Based in Bengaluru, Karnataka, India, Brigade Enterprises Limited is a company that specialises in real estate and property development.

Who are the promoters of Brigade Enterprises ?

Mysore Ramachandrasetty Jaishankar, Githa Shankar, Nirupa Shankar are the major promoters of Brigade Enterprises.

What are the Subsidiaries that comes under Brigade Enterprises ?

Tetrarch Developers Limited, Brigade Real Estate Developers Private Limited, Brigade Real Estate Ventures Private Limited, and Brigade (Chennai) Projects Private Limited are the Subsidiaries that come under Brigade Enterprises.