Brigade Enterprises Limited
Brigade Enterprises Ltd was established in 1986. It is a real estate developer in South India, based in Bengaluru, and expanding its area of operations in other parts of India. It has completed over 250 buildings aggregating to over 70 mn. sqft of developed space in residential, offices, retail, and hospitality sectors across Bengaluru and Mysuru, Chennai, Ahmedabad, Hyderabad, Kochi.
Services
Brigade hospitality, These include – lifestyle membership clubs such as Signature Club Resort, The Woodrose, Augusta Club, Galaxy Club, etc. Holiday Inn Express & Suites, Bengaluru OMR started operations with 129 keys & has achieved 64% occupancy in the overall hospitality segment.
Clientele
Some of the clients are CISCO, COCA-COLA, CAPGEMINI, ADIDAS, APPLE, BLACK BERRYS, etc.
Shareholding Pattern
- Promoters
- Public
Financial Summary
| Particulars | March 2023 | March 2022 | March 2021 |
| Sales | 3,445 | 2,999 | 1,950 |
| Sales Growth % | 14.87% | 53.79% | -25.92% |
| Operating Profit | 866 | 770 | 476 |
| OPM % | 25% | 26% | 24% |
| Profit before tax | 278 | -15 | -125 |
| YOY Growth | – | 7% | 7% |
| EPS in Rs | 12.63 | 3.59 | 2.20 |
Synopsis of Financials
- Sales has increased due to increase from real estate development.
- Moreover, revenue from maintence service has aslo increased.
- Profit of the company has grown due to real estate and services.
Final Outlook
Revenue has grown at a yearly rate of 14.9%, Where industry avg revenue growth rate is -0.11%.
Net income has grown at a yearly rate of 15.92%, Where industry average growth is -10.27%Market share increased from 2.75% to 4.81%.
The financial statement shows the potential in the company , the Revenue growth rate, net income, and market share is upto the industry benchmark. But there is a some negative impact in the company, It have high Debt to Equity ratio, and Current ratio. But the negative impact is negligible, So Hold the Position.
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