B

Brigade Enterprises Ltd.

BRIGADENSE
Market snapshot · 2026-08-11 04:10 UTC

602.10

₹-5.60 (-0.92%)

MARKET CAP

₹19.64K Cr

STOCK P/E

29.2x

52W HIGH

₹802.01

52W LOW

₹450.75

BOOK VALUE

₹20.91

EPS

₹20.60

ROE

10.79%

SECTOR

Real Estate

DEBT/EQUITY

84.32

VOLUME

2.74L

P/B RATIO

28.79x

PEG RATIO

-0.70

Sector

Real Estate

Themes

Real EstateGoldman Sachs Portfolio
D
Dividend
S
Split
E
Earnings
₹775.59₹702.01₹628.43₹554.84₹481.26VolumeDEEEESDAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Brigade Enterprises is an Indian real estate developer, leasing operator, and hospitality company. Residential, commercial, and retail developments drive property sales, while leasing and managed hotels, clubs, convention centres, and the Baking Company add recurring revenue. Revenue grew 12.4% year-on-year, but available updates provide no company-specific catalyst explaining margin improvement; profit instead declined 6.0%. ROE is 10.8%, while declining margins and high leverage of 84.32 debt-to-equity constrain returns and increase financial risk. At 29.5 times earnings, valuation is fair against the sector, but not inexpensive given falling profit and margin compression. The key investor question is whether operating execution can convert revenue growth into earnings growth without adding leverage.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for BRIGADE.

15.00 analysts

Price Forecast

Current
₹602.10
High Target
₹920.00
▲ +52.8%
Median Target
₹768.00
▲ +27.6%
Low Target
₹475.00
▼ -21.1%
Now₹602.10High ₹920.00Median ₹768.00Low ₹475.00Aug '25Now12M Target
Price history (1Y)
Analyst target range
15 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹487.14 - ₹753.7080%
6M₹447.88 - ₹830.2680%
12M₹399.18 - ₹955.5480%
Realized vol: +34.1% · Drift: +8.3%

Revenue Forecast

₹ Cr
Mar '26Current₹816.0
Sep 2026 ETrend estimate range
High₹998.4Base₹924.5Low₹850.5
Jun '25: ₹436.0 · Sep '25: ₹661.0 · Dec '25: ₹712.0 · Mar '26: ₹816.0 · Sep '26: ₹924.5 · Dec '26: ₹995.8
Jun '25Sep '25Dec '25Mar '26Sep '26 EDec '26 E436.0661.0712.0816.0924.5995.8
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Mar '26Current₹2.74
Sep 2026 ETrend estimate range
High₹1.21Base₹1.08Low₹0.95
Jun '25: ₹1.69 · Sep '25: ₹1.54 · Dec '25: ₹2.54 · Mar '26: ₹2.74 · Sep '26: ₹1.08 · Dec '26: ₹1.78
Jun '25Sep '25Dec '25Mar '26Sep '26 EDec '26 E1.691.542.542.741.081.78
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
56%
Analyst Consensus
Unavailable

From 15 analysts

Mean upside+25.5%

Fundamentals

Weakening

Fundamentals institutional score is 38 using EVA spread proxy -1.2%; growth durability 32.6.

Valuation

Fairly valued

Valuation institutional score is 45 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Neutral

Analyst View institutional score is 69 using mean target upside 25.5%; dispersion penalty 23.6; recommendation breadth from available consensus.

Technical Structure

Mixed Momentum

Technicals institutional score is 66 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Positive catalysts emerging

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 10 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. analyst consensus and technical structure provide support, while fundamentals and valuation remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals WeakeningValuation Fairly valuedAnalyst Consensus NeutralTechnical Structure Mixed MomentumMarket Sentiment Positive catalysts emerging

Key Data Points

Mean Target Price755.5 target
Mean Upside+25.5%
Technical Score66%
Fundamental Score38%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 18.2% below historical median. Valuation is declining — currently in the strongly undervalued zone (z-score: -0.81). Confidence: 77%.

Live forward EPS implies next-12-month EPS of ₹36.42. Applying the stock's normalized valuation corridor produces a fair range of ₹1,052.54 to ₹1,547.12, with base value near ₹1,313.31 (+116.1% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹36.42

Forward P/E

16.7x

Base Fair Value

₹1,313.31

Fair Range

₹1,052.54 - ₹1,547.12

Upside To Base

+116.1%

Estimate Source

Live forward EPS

Growth Estimate

-42.3%

P/E
Strongly Undervalued

5Y Average

29.43

Current

29.50

Overvalued

42.48

Undervalued

28.90

EV/EBITDA
Overvalued

5Y Average

120.18

Current

141.18

Overvalued

155.51

Undervalued

85.62

P/B
Strongly Overvalued

5Y Average

3.57

Current

29.06

Overvalued

4.10

Undervalued

3.03

Peers & Comparison

Sector: Real Estate

Real Estate Peers8 peers
Avg P/E: 97.1x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
OBEROI REALTY LIMITED
OBEROIRLTYReal Estate
+31.7%41.6%
24.8x
Undervalued
-74% vs avg
+10.0%
GANESH HOUSING LIMITED
GANESHHOUReal Estate
+85.6%41.4%
24.3x
Undervalued
-75% vs avg
-11.4%
GODREJ PROPERTIES LTD
GODREJPROPReal Estate
+16.5%30.8%
38.9x
Undervalued
-60% vs avg
+5.9%
+42.4%30.7%
75.5x
Undervalued
-22% vs avg
+208.2%
KALPATARU LIMITED
KALPATARUReal Estate
+6.5%3.4%
60.2x
Undervalued
-38% vs avg
-30.0%
PRESTIGE ESTATE LTD
PRESTIGEReal Estate
+15.9%8.7%
60.0x
Undervalued
-38% vs avg
-4.1%
THE PHOENIX MILLS LTD
PHOENIXLTDReal Estate
+12.8%28.2%
52.9x
Undervalued
-46% vs avg
+34.6%
MAX ESTATES LIMITED
MAXESTATESReal Estate
+32.5%4.2%
440.0x
Premium
+353% vs avg
-14.0%
WHY THESE PEERS

BRIGADE ENTER. LTD trades at a discount (30.8x vs peer avg 97.1x), suggesting potential undervaluation relative to the Real Estate cohort. Peers include OBEROI REALTY LIMITED, GANESH HOUSING LIMITED, GODREJ PROPERTIES LTD — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹816 CrMar 2026

Latest net profit

₹89 CrMar 2026

Latest EPS

₹2.74Mar 2026

Net margin

17.0%Mar 2026

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q4 '25Q1 '26Q2 '26Q3 '26Q4 '260.0%6.0%12.0%18.0%24.0%0.00 Cr250 Cr500 Cr750 Cr1.00K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q4 '25Q1 '26Q2 '26Q3 '26Q4 '260.00 Cr250 Cr500 Cr750 Cr1.00K Cr₹0₹2₹4₹6₹8
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOtheradjustmentsOperatingprofitOther incomeInterestOtheradjustmentsProfitbefore taxTax & otherNet Profit0.00 Cr250 Cr500 Cr750 Cr1.00K Cr

Latest reported period: Mar 2026

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026-6.00K Cr0.00 Cr6.00K Cr12.00K Cr18.00K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +485316438414857534422543619436661712816
Expenses +395257348326641423349436474389630606679
Operating Profit91599087216111721071454731106137
OPM %19%19%21%21%25%21%17%20%23%11%4.7%15%17%
Other Income +95435837614494646560825264
Interest34323238414834282021252650
Depreciation21181922201920212019212326
Profit before tax130539764216881131221696867109125
Tax %16%27%26%26%26%25%20%25%-23%19%25%24%28%
Net Profit +10939724716066919120855508389
EPS in Rs3.551.252.341.535.212.132.782.806.391.691.542.542.74
Raw PDF

All values in ₹ Crores unless otherwise stated. Source: Screener Master (Standalone).

Shareholding Pattern

HolderJun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters +41.13%41.13%41.12%41.11%41.10%
FIIs +19.33%18.67%18.14%16.75%15.63%
DIIs +23.44%23.28%23.55%24.74%25.46%
Public +16.09%16.95%17.19%17.40%17.80%
Others0.01%0.01%
Jun 2026
Promoters +
FIIs +
DIIs +
Public +
Others

Events Timeline

Annual Report FY26

FY2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Aug 05, 2026PDFCompany Reports Open

Closure of Trading Window

Aug 05, 2026PDFCompany Reports Open

Board Meeting Intimation for Considering And Approving The Unaudited Standalone And Consolidated Financial Results Of The Company For The First Quarter Ended On June 30, 2026

Aug 05, 2026PDFCompany Reports Open

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Jul 29, 2026PDFCompany Reports Open