1. Godrej Properties
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34% Hold

Godrej Properties Share Price

GODREJPROP

₹3,020.20-₹68.70 (-2.22%) TodayLast updated on 19 Jun, 2024 | 09:27 AM IST
₹3,020.00₹3,098.00
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Company overview

Financial performance

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Market cap

Market Cap Switch₹83,371 Crs

Open

₹3,097.00

Close

₹3,088.90

Circuit range

₹3,397.75 - ₹2,780.05

Day range

₹3,020.00 - ₹3,098.00

Year range

₹1,478.70 - ₹3,098.00

Volume

47,770

Avg. traded

₹3,048.68

Revenue (12m)

₹3,036 Crs

Godrej Properties

Godrej Properties Limited (GPL), which is part of the Godrej Group, was founded in 1985. The company had 92 ongoing and planned projects with a total saleable area of more than 200 million square feet as of March 31, 2023. The company’s business area is concentrated in the Mumbai Metropolitan Area, National Capital Region, Pune and Bengaluru.

With its headquarters in Mumbai, Godrej Properties has a presence in 10 cities. The company’s total workforce as of March 31, 2023, is 2,391 employees.

As on March 31, 2023, the promoters hold 58.48% shares in the company whereas FIIs, DIIs and public holds 29.25%, 4.61% and 7.66% shares respectively.

Godrej Properties became a publicly listed company in 2010 with a successful initial public offering (IPO). The company has a market capitalisation of over ₹55,000 crore as of December 30, 2023), Godrej Properties’ share price has gained 43.29% in 3 years.

Business operations

Residential Developments:

Godrej Properties develops modern residential spaces. The company’s portfolio comprises residences that combine aesthetic appeal and utility, ranging from luxurious high-rises to mid-range homes.

Mixed Use & Township Developments:

Godrej Properties combine residential, commercial and recreational areas. The goal is to establish a self-sufficient environment where people can live, work and play without compromising on convenience or quality.

Plotted Developments:

These projects give people the chance to construct their own houses on carefully laid-out plots. It helps combine the benefits of an established neighbourhood with the flexibility to personalise one’s living space. In FY23, Godrej Properties achieved its highest-ever sales with 15.2 million square feet sold at a booking value of ₹12,232 crore. The year-on-year growth was 56%.

The company’s housing sales were evenly distributed across its four major markets. Each contributed over ₹2,000 crore in sales.

Godrej Properties’ Projects

Godrej Properties has several well-known projects in the Indian market. Planet Godrej, a skyscraper in Mumbai, which was built in 2008, was the country’s tallest occupied building at the time.

The company’s commercial office project, Godrej BKC, is located in Mumbai’s Bandra-Kurla Complex. It is a LEED Platinum-rated skyscraper.

One of India’s best mixed-use residential buildings with sustainable planning is The Trees, a flagship project of Godrej Properties.

The CII-Godrej Green Building Centre in Hyderabad, completed in 2004, was the first LEED Platinum building outside the United States and held the highest LEED rating globally.

The Clinton Foundation selected Godrej Garden City, a sprawling township project in Ahmedabad, as one of just two projects in India and 16 globally to partner in achieving a climate-positive development.

Financial highlights

In FY23, Godrej Properties’ revenue was ₹2,252 crore, an increase of 23% compared to ₹1,825 crore in the previous fiscal year. The company’s net profit in FY23 was ₹621 crore, an increase of 77% compared to ₹351 crore in FY22. Godrej Properties’ EBITDA (Earnings before interest, taxes, depreciation, and amortization)was ₹994 crore in FY23, an increase of 41% compared to ₹705 crore in FY22. The earnings per share (EPS) increased to 20.55 in FY23, an increase of 62% compared to 12.68 in FY22.

Godrej Properties Key indicators

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52 week high

₹3,098.00

52 week low

₹1,478.70

P/E ratio

114.53

P/B ratio

8.34

ROE

6.82%

ROCE

6.93%

Dividend yield

--

Debt/Equity ratio

0.64

EPS

23.58

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Investment checklist: (4/6)

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Equity returns

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Safety factor

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Growth factor

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Debt vs Equity

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Profit factor

The investment checklist helps you understand a company's financial health at a glance and identify quality investment opportunities easily

Analyst ratings:

Hold

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Buy

33%

Hold

34%

Sell

33%

This analysis is based on the reviews of 18 experts in the last 7 days

Fundamentals

Financial ratios

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  • Profitability

  • Operational

  • Valuation

Operating profit margin

93.73%

Net profit margin

56.77%

ROE

6.82%

ROA

3.66%

ROCE

6.93%

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Godrej Properties Shareholder returns

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1 day

-1.06%

1 week

+4.35%

1 month

+6.24%

3 months

+38.24%

1 year

+99.03%

3 years

+112.63%

5 years

+227.31%

Godrej Properties Share Price history

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DayOpenCloseDay’s change
Tue, Jun 18 2024
₹3,006.30
₹3,088.90
+3.01%
Fri, Jun 14 2024
₹3,044.95
₹2,998.50
-1.06%
Thu, Jun 13 2024
₹2,955.00
₹3,030.75
+3.50%
Wed, Jun 12 2024
₹2,830.00
₹2,928.20
+2.53%
Tue, Jun 11 2024
₹2,845.40
₹2,855.95
+0.37%
Mon, Jun 10 2024
₹2,900.00
₹2,845.40
-0.98%
Fri, Jun 7 2024
₹2,796.40
₹2,873.55
+2.76%
Thu, Jun 6 2024
₹2,690.00
₹2,796.40
+4.80%

Shareholding info

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Promoters (58.48%)

Mutual Funds (3.24%)

Retail and other (6.3%)

Foreign institutions-FII (29.67%)

Other domestic institutions (2.31%)

Promoters

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Frequently asked questions