Godrej Properties Limited (GODREJPROP)

Loading page…

Godrej Properties Limited (GODREJPROP) · mywealthgrid

About

Godrej Properties develops residential and commercial real estate projects within India's Consumer Discretionary/Realty sector. With a market cap of ₹59,938.8 Cr, the company's business concentrates revenue and profit around project delivery cycles. Operating margins stand at −8.12%, reflecting the project-phase dependent nature of realty profitability.

Face value: ₹5

Market cap

₹48,065 Cr

P/E

30.0×

P/B

2.5×

Dividend yield

0.6%

ROE

10.1%

ROCE

12.5%

Debt / equity

0.82

OPM

-8.1%

EPS (TTM)

₹53.1

Book value

₹636.0

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margin of −8.12% with quarterly volatility from −442% to +15% suggests dependence on project phase and revenue recognition timing; verify cost management and project mix
PE multiple of 37.46 on negative consolidated margins indicates full margin recovery is priced into the stock
Quarterly revenue volatility (₹92 Cr in Sep 2025 to ₹3,458 Cr in Mar 2026 consolidated) creates earnings unpredictability
Debt-to-equity of 0.82 carries risk if project cycles slow or margins remain compressed

Generated analysis · source review pending

Growth drivers

Consolidated Mar 2026 shows ₹3,458 Cr revenue at 15.1% OPM, demonstrating profitability spikes when large projects complete; growth depends on project delivery timing
Recurring dividends (Jul 2026, 2015, 2014, 2013) evidence sustained cash generation; verify project pipeline conversion to revenue
ROE of 10.15% confirms capital deployment returns, though margin volatility (−442% to +15% quarterly) means returns track project cycle phases

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹1,595.8-2.4%1Y

Quick read

rule-based

Pros

+Profit CAGR of 47.9% over the last 3 years
+Revenue CAGR of 46.3% over the last 5 years
+Comfortable interest coverage of 20.1×

Cons

−Low return on equity of 9.3% (3-yr avg)

Research score

Structured signal from quality, growth, valuation and momentum.

59/100

Business quality: 41
Growth: 68
Valuation: 67

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MIDCAP 50 NIFTY MIDCAP 150 NIFTY 200 NIFTY MIDSMALLCAP 400 NIFTY 500

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Lodha Developers LimitedLODHALODHA	₹1,10,460 Cr	₹1,20,344 Cr	₹18,181 Cr	₹5,859 Cr	29.5%	₹4,126 Cr	20.6%	20.1%	15.8%	1,405
The Phoenix Mills LimitedPHOENIXLTDPHOENIXLTD	₹69,017 Cr	₹74,313 Cr	₹4,545 Cr	₹2,714 Cr	59.6%	₹1,280 Cr	35.2%	12.4%	11.4%	734
Prestige Estates Projects LimitedPRESTIGEPRESTIGE	₹64,006 Cr	₹78,992 Cr	₹13,053 Cr	₹3,675 Cr	29.2%	₹1,139 Cr	10.3%	13.6%	7.5%	2,755
Oberoi Realty LimitedOBEROIRLTYOBEROIRLTY	₹63,797 Cr	₹66,613 Cr	₹6,322 Cr	₹3,572 Cr	55.9%	₹2,630 Cr	41.7%	17.5%	14.9%	1,581
Godrej Properties LimitedGODREJPROPGODREJPROP	₹48,065 Cr	₹63,680 Cr	₹5,203 Cr	₹-458 Cr	-8.1%	₹1,600 Cr	35.9%	12.5%	10.1%	6,464
Anant Raj LimitedANANTRAJANANTRAJ	₹20,797 Cr	₹21,403 Cr	₹2,551 Cr	₹688 Cr	26.1%	₹579 Cr	22.2%	12%	11.2%	236
Brigade Enterprises LimitedBRIGADEBRIGADE	₹18,579 Cr	₹24,688 Cr	₹5,532 Cr	₹1,465 Cr	25.1%	₹695 Cr	12.7%	11.1%	10.3%	938
Horizon Industrial Parks LimitedHORIZONINDHORIZONIND	₹14,025 Cr	₹20,910 Cr	₹691 Cr	₹531 Cr	76.9%	₹-198 Cr	-29.5%	3.3%	-5.9%	-46
Sobha LimitedSOBHASOBHA	₹12,968 Cr	₹13,970 Cr	₹5,617 Cr	₹364 Cr	6%	₹231 Cr	3.7%	7.4%	4.2%	17,827
Aditya Birla Real Estate LimitedABRELABREL	₹12,293 Cr	₹17,929 Cr	₹450 Cr	₹-375 Cr	-88.2%	₹-116 Cr	-83%	-4.4%	-2.7%	22,467
Sri Lotus Developers And Realty LimitedLOTUSDEVLOTUSDEV	₹11,244 Cr	₹11,374 Cr	₹840 Cr	₹299 Cr	36.5%	₹257 Cr	31.6%	22.3%	16.7%	840
Signatureglobal (India) LimitedSIGNATURESIGNATURE	₹10,376 Cr	₹13,317 Cr	₹2,282 Cr	₹-126 Cr	-1.9%	₹1,044 Cr	42.2%	3.4%	85%	1,407

Loading peers…

Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,889	2,817	2,441	765	1,825	2,252	3,036	4,923	5,131
COGS	1,469	2,194	1,563	475	1,194	1,242	1,808	2,925	2,949
Gross profit	421	624	878	290	631	1,010	1,228	1,998	2,183
	419	432	533	739	687	803	1,330	1,954	2,599
	2	192	345	-449	-56	207	-102	44	-417
OPM %	0.1%	6.8%	14.2%	-58.8%	-3.1%	9.2%	-3.4%	0.9%	-8.1%
Depreciation	16	14	21	20	21	24	45	74	116
Interest	150	234	222	185	167	174	152	174	137
	501	405	388	568	761	787	1,299	1,926	3,220
Profit before tax	337	348	491	-86	516	795	1,000	1,723	2,551
Tax	102	95	220	104	166	175	253	333	710
Tax %	30.2%	27.3%	44.9%	121.1%	32.1%	22%	25.3%	19.4%	27.8%
	235	253	271	-189	351	621	747	1,389	1,841
PAT margin %	12.4%	9%	11.1%	-24.8%	19.2%	27.6%	24.6%	28.2%	35.9%
EPS (₹)	10.9	11.2	10.8	-7.5	12.7	20.6	26.1	49	61.4
EPS adjusted (₹)	—	—	10.6	-6.8	12.7	20.6	26.1	46.5	61.4
	0%	0%	0%	—	0%	0%	0%	0%	16.3%
Annual report	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2016	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	108	126	139	139	139	139	151	151
Reserves	2,060	—	8,181	8,536	9,125	9,853	17,162	19,005
Minority interest	—	—	—	—	23	309	261	199
	—	—	4,563	5,170	6,412	10,656	12,561	15,615
	5,654	—	3,362	3,958	7,406	14,777	25,331	46,925
Total equity & liabilities	7,823	—	16,245	17,804	23,105	35,735	55,466	81,894
	130	103	151	149	185	945	1,058	1,295
CWIP	15	—	229	339	652	249	113	169
Investments	0	—	5,266	4,917	2,567	3,181	6,087	5,661
	7,677	—	10,599	12,398	19,701	31,360	48,208	74,769
Total assets	7,823	—	16,245	17,804	23,105	35,735	55,466	81,894

Loading financials…

Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	22.1%	36%	37.9%	34.6%	44.9%	40.4%	40.6%	42.5%
EBITDA margin %	6.3%	14.2%	-43.6%	7.3%	11%	-4.3%	0.9%	-8.1%
EBIT margin %	5.8%	13.3%	-46.1%	6.1%	9.9%	-5.7%	-0.6%	-10.4%
PAT margin %	9%	11.1%	-24.8%	19.2%	27.6%	24.6%	28.2%	35.9%
Working capital
Receivable days	—	—	120	38	58	37	32	39
Inventory days	—	—	3,689	1,733	3,548	4,555	4,110	7,155
Payable days	—	—	1,461	689	987	758	0	730
NWC days	—	—	2,347	1,082	2,620	3,834	4,142	6,464
Leverage
Current ratio	—	—	1.93	1.88	1.46	1.43	1.51	1.27
Debt to EBITDA	—	—	—	38.82	25.89	—	283.16	—
Debt to equity	—	—	0.55	0.6	0.69	1.07	0.73	0.82
Interest coverage	2.4	3.6	1.2	5.2	5.8	7.4	11.6	20.1
Asset turnover	—	—	0.05	0.1	0.1	0.08	0.09	0.06
Return ratios
Return on assets %	—	—	-1.2%	2%	2.7%	2.1%	2.5%	2.2%
Return on capital employed %	—	—	2.3%	9.1%	10.6%	10.1%	11.6%	12.5%
Return on equity %	—	—	-2.3%	4%	6.7%	7.5%	8%	9.6%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

Loading ratios…

Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	58.48%	58.48%	58.48%	58.48%	58.48%	46.5%	46.67%	46.7%	47.05%	47.17%	51.66%	51.66%
	29.25%	29.73%	29.67%	29.91%	28.33%	30.85%	30.54%	30.54%	28.31%	28.14%	26.17%	25.33%
	4.61%	4.7%	5.55%	5.63%	7.12%	9.4%	9.33%	9.07%	10.43%	10.78%	8.2%	9.02%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	7.66%	7.09%	6.3%	5.98%	6.07%	13.25%	13.46%	13.69%	14.21%	13.91%	13.97%	13.99%
No. of shareholders	—	—	—	—	—	—	—	—	1,88,989	1,81,277	1,89,691	1,89,178

Promoter holding down 6.82 percentage points since Sep 2023.

54 deals · 25 Aug 2021 – 26 Sept 2025

Date	Client	Type	Venue	Side	Quantity	Price	Value
26 Sept 2025	MORGAN STANLEY ASIA SINGAPORE PTE	Block	NSE	Buy	1,03,129	₹1,967.40	₹20.29 Cr
26 Sept 2025	GOLDMAN SACHS BANK EUROPE SE - ODI	Block	NSE	Sell	1,03,129	₹1,967.40	₹20.29 Cr
5 Sept 2025	GOLDMAN SACHS (SINGAPORE) PTE - ODI	Block	NSE	Sell	1,78,077	₹2,002.80	₹35.67 Cr
5 Sept 2025	GOLDMAN SACHS BANK EUROPE SE - ODI	Block	NSE	Buy	1,78,077	₹2,002.80	₹35.67 Cr
4 Sept 2025	GOLDMAN SACHS (SINGAPORE) PTE - ODI	Block	NSE	Sell	2,83,896	₹2,011.90	₹57.12 Cr
4 Sept 2025	GOLDMAN SACHS BANK EUROPE SE - ODI	Block	NSE	Buy	2,83,896	₹2,011.90	₹57.12 Cr
3 Sept 2025	GOLDMAN SACHS (SINGAPORE) PTE - ODI	Block	NSE	Sell	2,92,981	₹1,978.20	₹57.96 Cr
3 Sept 2025	GOLDMAN SACHS BANK EUROPE SE - ODI	Block	NSE	Buy	2,92,981	₹1,978.20	₹57.96 Cr
2 Sept 2025	GOLDMAN SACHS (SINGAPORE) PTE - ODI	Block	NSE	Sell	2,90,394	₹1,952.20	₹56.69 Cr
2 Sept 2025	GOLDMAN SACHS BANK EUROPE SE - ODI	Block	NSE	Buy	2,90,394	₹1,952.20	₹56.69 Cr

1–10 of 54

1 / 6

Mr. Pirojsha Adi GodrejExecutive Director-Chairperson
Mr. Gaurav PandeyExecutive Director-CEO-MD
Mr. Nadir Burjor GodrejNon-Executive - Non Independent Director
Mrs. Sutapa BanerjeeNon-Executive - Independent Director
Mr. Sumeet NarangNon-Executive - Independent Director
Mr. Indu BhushanNon-Executive - Independent Director
Mrs. Jayashree VaidhyanathanNon-Executive - Independent Director
Mr. Rajendra KhetawatChief Financial Officer
Mr. Ashish KaryekarCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

Loading shareholding…

F&O

Current futures and options contracts with compact option-chain pages.

End of day 30 Sept 2026 · underlying ₹1,628.5 · volume and open interest in contracts

3

Expiry	Close	Chg	% Chg	Settlement	Open interest	Change in OI	Volume	Lot size
27 Oct 2026	₹1,642.8	-13.2	-0.8%	₹1,642.8	29,067	+742	2,822	325
23 Nov 2026	₹1,651.8	-13.6	-0.8%	₹1,651.8	639	+79	134	325
29 Dec 2026	₹1,664.8	+6.1	+0.4%	₹1,664.8	7	+7	12	325

Open the chart icon on a row for that contract's close over 103 stored sessions, with open interest as bars beneath it.

47

27 Oct 2026 23 Nov 2026 29 Dec 2026

Calls				Strike	Puts
OI	Chg OI	Volume	LTP	—	LTP	Volume	Chg OI	OI
0	0	0	₹0.0	1,360

Loading f&o…

Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 19 fund houses

Held by these funds

3.44%

of the company's equity

All mutual funds

6.23%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

78 schemes · 19 fund houses

		Shares
LARGE & MID CAP FUND	Tata Mutual Fund	17 L	342.5	4.46%	0.564%	-0
MultiCap Fund	SBI Mutual Fund	10 L	201.47	0.82%	0.332%	-0
Mid Cap Fund	DSP Mutual Fund	9.57 L	192.84	0.92%	0.318%	-0
BALANCED ADVANTAGE FUNDNEW	Tata Mutual Fund	7.71 L	155.29	1.82%	0.256%	—
Mid Cap FundNEW	ICICI Prudential Mutual Fund	7.4 L	149.15	1.77%	0.246%	—
Franklin India Mid Cap Fund (Formerly known as Franklin India Prima Fund) ^	Franklin Templeton Mutual Fund	7.26 L	146.26	1.12%	0.241%	-0
Multi Cap FundNEW	ICICI Prudential Mutual Fund	6.37 L	128.3	0.66%	0.211%	—
Arbitrage Fund	Nippon India Mutual Fund	4.05 L	81.52	0.46%	0.134%	+37,375

1–8 of 78

1 / 10

Loading fund holders…

Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

May 2026Transcript AI Summary PPT REC
Feb 2026Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

7

Final dividend28 Jul 2026 · ex-date₹10
Dividend dividend27 Jul 2015 · ex-date₹2
Dividend dividend28 Jul 2014 · ex-date₹2
Dividend dividend2 Jul 2013 · ex-date₹4
Final dividend19 Jul 2012 · ex-date₹3
Final dividend14 Jul 2011 · ex-date₹4.5
Final dividend8 Jul 2010 · ex-date₹4

1

Board meeting to consider results4 Aug 2026

1

Face value ₹10 → ₹521 Nov 2013 · ex-date

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

9 announcementsExport CSV

2 Sept 2026, 4:24 pmCompany Update

Announcement under Regulation 30 (LODR)-Credit Rating

Credit Rating PDF

Loading announcements…

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	22.1%	36%	37.9%	34.6%	44.9%	40.4%	40.6%	42.5%
EBITDA margin %	6.3%	14.2%	-43.6%	7.3%	11%	-4.3%	0.9%	-8.1%
EBIT margin %	5.8%	13.3%	-46.1%	6.1%	9.9%	-5.7%	-0.6%	-10.4%
PAT margin %	9%	11.1%	-24.8%	19.2%	27.6%	24.6%	28.2%	35.9%
Working capital
Receivable days	—	—	120	38	58	37	32	39
Inventory days	—	—	3,689	1,733	3,548	4,555	4,110	7,155
Payable days	—	—	1,461	689	987	758	0	730
NWC days	—	—	2,347	1,082	2,620	3,834	4,142	6,464
Leverage
Current ratio	—	—	1.93	1.88	1.46	1.43	1.51	1.27
Debt to EBITDA	—	—	—	38.82	25.89	—	283.16	—
Debt to equity	—	—	0.55	0.6	0.69	1.07	0.73	0.82
Interest coverage	2.4	3.6	1.2	5.2	5.8	7.4	11.6	20.1
Asset turnover	—	—	0.05	0.1	0.1	0.08	0.09	0.06
Return ratios
Return on assets %	—	—	-1.2%	2%	2.7%	2.1%	2.5%	2.2%
Return on capital employed %	—	—	2.3%	9.1%	10.6%	10.1%	11.6%	12.5%
Return on equity %	—	—	-2.3%	4%	6.7%	7.5%	8%	9.6%

Calls	Strike	Puts
0	0	0	₹0.0	1,360

Date	Category	Subject	Filing
2 Sept 2026, 4:24 pm	Company Update Credit Rating	Announcement under Regulation 30 (LODR)-Credit Rating	PDF

₹ Cr	Mar 2016	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	192	-555	-452	-2,861	-693	-2,242	-1,961
	69	-3,322	124	1,134	-2,080	-4,273	622
	-311	4,264	238	832	3,363	6,710	938
Net cash flow	-50	387	-90	-894	591	194	-402
Free cash flow	168	-683	-598	-3,166	-1,388	-2,454	-2,368
CFO / Operating profit %	—	—	-339.2%	—	—	—	—

Godrej Properties Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Futures3

Option chain47

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Dividends7

Board meetings1

Stock splits1

Announcements

Dividends7

Board meetings1

Stock splits1

Ratio timeline

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Quarterly record

Bulk & block deals

Board and management

Futures3

Option chain47

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

3

47

7

1

1

7

1

1

3

47