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Swing Capital

Godrej Properties Ltd

NSE: GODREJPROP BSE: 533150Infra

Godrej Properties Limited (GPL) is the real estate development arm of the Godrej Group, which was started in 1897 and is today one of India’s most successful conglomerates. Godrej Properties brings the Godrej Group philosophy of innovation, sustainability, and excellence to the real estate industry. [1]

₹1,684
52W: ₹1434 — ₹2506
PE 141 · Book ₹591 · +185% vs book
Market Cap₹50,713 Cr
Stock P/E141Price to Earnings
ROCE3.36%Return on Capital
ROE2.04%Return on Equity
Div. Yield0.59%Face Value ₹5

Strengths

  • +Debtor days have improved from 41.0 to 25.9 days.
  • +Promoter holding has increased by 4.49% over last quarter.

Weaknesses

  • −Stock is trading at 2.87 times its book value
  • −Company has low interest coverage ratio.
  • −Company has a low return on equity of 4.05% over last 3 years.
  • −Company might be capitalizing the interest cost
  • −Earnings include an other income of Rs.1,973 Cr.
  • −Promoter holding has decreased over last 3 years: -6.82%

Shareholding Pattern

Promoters51.66%
FIIs26.17%
DIIs8.19%
Public13.98%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters58.47%58.47%46.5%▼12.046.67%▲0.246.7%▲0.047.05%▲0.347.17%▲0.151.66%▲4.5
FIIs29.91%28.33%▼1.630.85%▲2.530.54%▼0.330.54%28.31%▼2.228.15%▼0.226.17%▼2.0
DIIs5.62%7.12%▲1.59.41%▲2.39.33%▼0.19.07%▼0.310.42%▲1.310.78%▲0.48.19%▼2.6
Public5.98%6.08%▲0.113.27%▲7.213.46%▲0.213.7%▲0.214.22%▲0.513.92%▼0.313.98%▲0.1

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales13666018966318591210692268928
Expenses190610386703366835369500443955
Operating Profit-5449-197-40-18177-263-408-175-27
OPM %-40%7%-104%-6%-98%8%-248%-442%-65%-3%
Net Profit10321749120635279561360219
EPS ₹3.727.817.677.421.169.251.860.4327.28

AI Insights

Revenue Trend

Mar 2026 revenue at ₹1,395Cr, down 28.5% YoY. OPM at -63%.

Debt Position

Borrowings at ₹15,211Cr. Debt-to-equity ratio: 0.86x. Moderate leverage.

Capex Cycle

CWIP at ₹105Cr (12% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 8.19% (+3.90pp change). FIIs: 26.17% (-2.68pp change). Promoters hold 51.66%.

Margin & Efficiency

ROCE declining from 7% (Mar 2015) to 3% (Mar 2026). Working capital days: 2639.

Valuation

PE 141x with 3.36% ROCE. Price is 185% above book value of ₹591. Dividend yield: 0.59%.

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