BRIGADE ENTERPRISES LIMITED Financials Brigade Enterprises Limited NSE India S.E.
Equities
BRIGADE
INE791I01019
Real Estate Development & Operations
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 1,033 INR | +1.87% |
|
+5.78% | +15.18% |
| Apr. 25 | Brigade Enterprises Signs Deal to Open New Hotel in Hyderabad, India | MT |
| Apr. 17 | Brigade Enterprises Achieves Presales of INR22.43 Billion in Fiscal Q4 | MT |
Valuation
| Fiscal Period: Maart | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 33,998 | 26,971 | 58,170 | 119,161 | 109,413 | 238,263 | - | - |
| Enterprise Value (EV) 1 | 65,060 | 62,704 | 92,136 | 153,442 | 140,415 | 284,249 | 266,032 | 249,400 |
| P/E ratio | 14.2 x | 20.8 x | -123 x | 141 x | 37.6 x | 68.3 x | 44.2 x | 31.6 x |
| Yield | 0.8% | 0.76% | 0.44% | 0.29% | 0.42% | 0.14% | 0.17% | 0.14% |
| Capitalization / Revenue | 1.14 x | 1.02 x | 2.98 x | 3.97 x | 3.18 x | 5.34 x | 4.62 x | 4.07 x |
| EV / Revenue | 2.19 x | 2.38 x | 4.73 x | 5.12 x | 4.08 x | 6.37 x | 5.16 x | 4.26 x |
| EV / EBITDA | 8.24 x | 9.15 x | 19.5 x | 20 x | 16.3 x | 25.2 x | 18.6 x | 14.7 x |
| EV / FCF | -79.1 x | -22.7 x | 30 x | 18.6 x | 20 x | 31.3 x | 34.3 x | 21.1 x |
| FCF Yield | -1.26% | -4.41% | 3.34% | 5.37% | 4.99% | 3.19% | 2.91% | 4.74% |
| Price to Book | 1.57 x | 1.18 x | 2.48 x | 4.09 x | 3.48 x | 6.79 x | 6.21 x | 5.43 x |
| Nbr of stocks (in thousands) | 204,272 | 204,322 | 210,914 | 230,263 | 230,732 | 231,099 | - | - |
| Reference price 2 | 166.4 | 132.0 | 275.8 | 517.5 | 474.2 | 1,031 | 1,031 | 1,031 |
| Announcement Date | 5/7/19 | 6/18/20 | 5/18/21 | 5/12/22 | 5/24/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Maart | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 29,728 | 26,322 | 19,500 | 29,988 | 34,446 | 44,636 | 51,523 | 58,582 |
| EBITDA 1 | 7,897 | 6,853 | 4,719 | 7,663 | 8,590 | 11,287 | 14,330 | 16,972 |
| EBIT 1 | 6,497 | 4,933 | 2,350 | 4,158 | 5,444 | 9,205 | 11,660 | 13,446 |
| Operating Margin | 21.85% | 18.74% | 12.05% | 13.87% | 15.81% | 20.62% | 22.63% | 22.95% |
| Earnings before Tax (EBT) 1 | 4,256 | 1,614 | -1,251 | -150.4 | 2,780 | 4,905 | 7,974 | 10,589 |
| Net income 1 | 2,399 | 1,306 | -463.2 | 827.7 | 2,914 | 3,581 | 5,350 | 7,329 |
| Net margin | 8.07% | 4.96% | -2.38% | 2.76% | 8.46% | 8.02% | 10.38% | 12.51% |
| EPS 2 | 11.72 | 6.340 | -2.240 | 3.660 | 12.61 | 15.10 | 23.33 | 32.64 |
| Free Cash Flow 1 | -823 | -2,765 | 3,075 | 8,236 | 7,008 | 9,067 | 7,751 | 11,829 |
| FCF margin | -2.77% | -10.5% | 15.77% | 27.46% | 20.35% | 20.31% | 15.04% | 20.19% |
| FCF Conversion (EBITDA) | - | - | 65.16% | 107.47% | 81.59% | 80.33% | 54.09% | 69.69% |
| FCF Conversion (Net income) | - | - | - | 995.06% | 240.5% | 253.17% | 144.87% | 161.39% |
| Dividend per Share 2 | 1.333 | 1.000 | 1.200 | 1.500 | 2.000 | 1.486 | 1.738 | 1.486 |
| Announcement Date | 5/7/19 | 6/18/20 | 5/18/21 | 5/12/22 | 5/24/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,446 | 7,912 | 3,828 | 7,527 | 9,210 | 9,423 | 9,025 | 8,792 | 8,203 | 8,426 | 6,540 | 9,704 | 10,531 | 11,487 |
| EBITDA 1 | 1,484 | 1,887 | 1,113 | 1,924 | 2,575 | 2,052 | 2,326 | 2,165 | 2,079 | 2,020 | 1,748 | 2,533 | 2,709 | 2,945 |
| EBIT 1 | 893.2 | 1,227 | 267.4 | 1,042 | 1,704 | 1,144 | 1,576 | 1,385 | 1,298 | 1,186 | 1,067 | 1,652 | 1,877 | 1,942 |
| Operating Margin | 13.86% | 15.5% | 6.99% | 13.85% | 18.5% | 12.14% | 17.46% | 15.75% | 15.82% | 14.08% | 16.32% | 17.02% | 17.82% | 16.91% |
| Earnings before Tax (EBT) 1 | -272.6 | 265.5 | -976 | -1.1 | - | 75.2 | 830.9 | 800.8 | 496.8 | 651.4 | 300.4 | 971.7 | 1,113 | 1,009 |
| Net income 1 | -161.2 | 395.7 | -400.9 | 120.3 | 783.6 | 324.7 | 876.8 | 775.8 | 569 | 692.5 | 385.3 | 892 | 990 | 812 |
| Net margin | -2.5% | 5% | -10.47% | 1.6% | 8.51% | 3.45% | 9.72% | 8.82% | 6.94% | 8.22% | 5.89% | 9.19% | 9.4% | 7.07% |
| EPS 2 | -0.7600 | 1.870 | -1.890 | - | - | 1.400 | 3.800 | 3.360 | 2.460 | 2.990 | 1.660 | 3.550 | 4.350 | 3.900 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/4/21 | 5/18/21 | 8/5/21 | 11/11/21 | 2/3/22 | 5/12/22 | 8/2/22 | 11/12/22 | 2/9/23 | 5/24/23 | 8/8/23 | - | - | - |
1INR in Million2INR
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 31,062 | 35,734 | 33,967 | 34,281 | 31,002 | 45,986 | 27,770 | 11,138 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.934 x | 5.214 x | 7.197 x | 4.473 x | 3.609 x | 4.074 x | 1.938 x | 0.6562 x |
| Free Cash Flow 1 | -823 | -2,765 | 3,075 | 8,236 | 7,008 | 9,067 | 7,751 | 11,829 |
| ROE (net income / shareholders' equity) | 10.8% | 5.87% | -2% | 3.15% | 8.48% | 10% | 13.2% | 15.8% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | 2% | 3% | - |
| Assets 1 | - | - | - | - | - | 179,067 | 178,350 | - |
| Book Value Per Share 2 | 106.0 | 112.0 | 111.0 | 126.0 | 136.0 | 152.0 | 166.0 | 190.0 |
| Cash Flow per Share | - | - | - | 45.60 | - | - | - | - |
| Capex 1 | 5,327 | 7,415 | 4,954 | 2,084 | 2,656 | 4,878 | 5,017 | 4,616 |
| Capex / Sales | 17.92% | 28.17% | 25.4% | 6.95% | 7.71% | 10.93% | 9.74% | 7.88% |
| Announcement Date | 5/7/19 | 6/18/20 | 5/18/21 | 5/12/22 | 5/24/23 | - | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
1,031
INR
Average target price
1,088
INR
Spread / Average Target
+5.48%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -4.77% | 22.83B | |
| -29.16% | 11.47B | |
| +8.63% | 10.75B | |
| -25.90% | 7.36B | |
| -5.56% | 7.03B | |
| -0.34% | 6.54B | |
| +0.76% | 6.16B | |
| +15.18% | 3.58B | |
| -4.40% | 3.55B |
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