Brigade Enterprises Limited (BRIGADE) AI Stock Analysis

• Market Cap: ₹166.12B
• Dividend Yield: 0.28%
• Average Volume (3M): 16.50K
• Price to Earnings (P/E): 22.7
• Beta (1Y): 1.55
• Revenue Growth: 11.20%
• EPS Growth: 57.52%
• Country: IN
• Employees: 859
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): 7.60
• Shares Outstanding: 244,593,460
• 10 Day Avg. Volume: 13,596
• 30 Day Avg. Volume: 16,500
• PEG Ratio: 0.71
• Price to Book (P/B): 4.06
• Price to Sales (P/S): 4.52
• P/FCF Ratio: 64.39
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹1,114.50
• Price Target Upside: 23.57% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 32.75
• Revenue Forecast (FY): ₹60.43B

• Rating: 62 Neutral
• Price Target: ₹720.00 ▼(-20.17% Downside)
• Action: Reiterated Date: 11/25/25
• Date: Action: Reiterated 11/25/25

Brigade Enterprises Limited's overall stock score is driven primarily by its strong financial performance, which is offset by weak technical indicators suggesting bearish momentum. The valuation is moderate, providing a balanced view of the stock's potential. The absence of earnings call data and notable corporate events means these factors do not influence the score.

Positive Factors

Improving Profitability & Margins

Reported improvement in gross and net margins and healthy EBIT/EBITDA margins indicates the company is extracting more value per sale. Sustained margin expansion supports durable cash generation, funds project reinvestment, and gives resilience to cyclical top-line swings over 2–6 months.

Strong Operating Cash Flow

High operating cash conversion and rising free cash flow provide lasting funding for development, debt service and capital allocation. Reliable cash generation reduces dependency on external financing and supports steady execution of multi‑year projects and lease portfolio maintenance.

Prudent Capital Structure

A balanced debt-to-equity ratio with solid ROE signals prudent leverage management. This durable capital structure preserves financial flexibility to fund new projects, absorb shocks, and pursue leasing or hospitality opportunities without forcing distressed asset sales.

Negative Factors

Moderate Revenue Growth Rate

Reported revenue growth near 7.2% is modest for a developer with diversified operations; this pace can constrain ability to scale recurring income and may reflect slower sales velocity or price pressure. Sustained sub‑par top-line growth could limit margin and cash flow expansion.

Geographic Concentration Risk

Concentration in South Indian urban markets exposes results to regional economic cycles, local regulatory changes and demand shifts. Limited geographic diversification can amplify downturns regionally and slow recovery, making cash flows and sales cadence more volatile over months.

High Reliance on One‑time Residential Sales

A business model driven by project sales creates lumpy, cycle‑sensitive revenue and cash flows tied to bookings and handovers. While leasing and hospitality provide recurring income, heavy dependence on residential monetization raises execution and timing risk across project pipelines.

Brigade Enterprises Limited Business Overview & Revenue Model

Company Description

Brigade Enterprises Limited provides real estate development, leasing, and related services in India. The company operates through Real Estate, Hospitality, and Leasing segments. The Real Estate segment develops and sells various residential and commercial properties. The Hospitality segment develops and manages hospitality projects, including serviced residence facilities, clubs, hotels, resorts, and convention centers. This segment also provides celebrations catering and event services. The Leasing segment is involved in leasing office and retail spaces. Brigade Enterprises Limited was founded in 1986 and is headquartered in Bengaluru, India.

How the Company Makes Money

Brigade Enterprises generates revenue through multiple channels primarily centered on real estate development. The company earns money by selling residential and commercial properties, which is its primary revenue stream. Additionally, Brigade generates income through leasing office and retail spaces, which provides a steady flow of rental income. The company also invests in hospitality, operating hotels and resorts that contribute to its earnings through room bookings and associated services. Significant partnerships with financial institutions for funding projects and collaborations with other developers enhance Brigade's capability to undertake large-scale projects, thereby increasing its revenue potential.

Brigade Enterprises Limited Financial Statement Overview

Summary

Brigade Enterprises Limited exhibits strong financial performance with impressive revenue and profit growth, efficient operational margins, and prudent balance sheet management. The company's ability to generate strong cash flows further strengthens its financial position, though careful management of leverage and capital expenditure is essential to sustain long-term growth and stability.

Income Statement

Brigade Enterprises Limited has demonstrated strong revenue growth with a significant increase from the previous year, showing a robust expansion trajectory. The gross profit margin and net profit margin have improved, indicating enhanced profitability. EBIT and EBITDA margins are healthy, reflecting efficient operational performance. However, the reliance on revenue growth should be monitored to ensure margins remain sustainable.

Balance Sheet

The company's balance sheet reflects a moderate debt-to-equity ratio, indicating a balanced approach to leveraging. The return on equity is commendable, demonstrating effective use of equity capital to generate profits. The equity ratio is stable, highlighting a sound capital structure. Nonetheless, maintaining debt levels in check will be crucial for future stability.

Cash Flow

Cash flow analysis reveals strong operating cash flow relative to net income, indicating efficient cash generation from operations. Free cash flow has shown significant growth, supporting investments and financial flexibility. The conversion ratios exhibit effective cash flow management, though continued vigilance on capital expenditures is necessary to sustain free cash flow growth.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	52.78B	50.74B	48.97B	34.45B	29.99B	19.50B
Gross Profit	27.16B	26.25B	20.69B	15.95B	13.61B	8.59B
EBITDA	14.40B	14.18B	11.96B	8.56B	7.64B	4.67B
Net Income	7.52B	6.86B	4.52B	2.91B	827.70M	-463.20M
Balance Sheet
Total Assets	0.00	220.90B	178.86B	163.77B	151.58B	138.20B
Cash, Cash Equivalents and Short-Term Investments	32.97B	32.98B	18.95B	15.49B	14.21B	5.48B
Total Debt	0.00	54.64B	54.70B	46.34B	49.06B	50.05B
Total Liabilities	-59.15B	161.75B	143.28B	132.34B	122.80B	113.57B
Stockholders Equity	59.15B	56.38B	36.49B	32.45B	29.10B	23.48B
Cash Flow
Free Cash Flow	-3.88B	3.56B	654.30M	6.44B	8.24B	3.08B
Operating Cash Flow	-368.60M	9.95B	3.34B	9.66B	10.32B	8.03B
Investing Cash Flow	11.17B	-5.90B	-3.79B	-2.71B	-9.71B	-7.48B
Financing Cash Flow	751.20M	8.60B	2.41B	-6.95B	333.70M	297.40M

Brigade Enterprises Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 901.95
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BRIGADE, the sentiment is Negative. The current price of 901.95 is above the 20-day moving average (MA) of 753.50, above the 50-day MA of 803.33, and below the 200-day MA of 954.19, indicating a bearish trend. The MACD of -28.46 indicates Positive momentum. The RSI at 26.65 is Positive, neither overbought nor oversold. The STOCH value of 14.66 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:BRIGADE.

Brigade Enterprises Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OBEROIRLTY	68 Neutral	₹542.08B	24.81	―	0.48%	2.76%	-3.84%
ANANTRAJ	66 Neutral	₹183.29B	34.63	―	0.13%	26.32%	41.66%
LODHA	65 Neutral	₹964.83B	29.54	―	0.39%	25.57%	58.31%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
BRIGADE	62 Neutral	₹166.12B	22.69	―	0.28%	11.20%	57.52%
GODREJPROP	59 Neutral	₹522.16B	33.00	―	―	37.14%	3.92%
SOBHA	58 Neutral	₹145.30B	104.96	―	0.20%	56.34%	152.41%

Brigade Enterprises Limited Corporate Events

Brigade Enterprises Announces Completion of Independent Director’s Tenure

Brigade Enterprises Limited has announced that independent director Ms. Lakshmi Venkatachalam has completed her second consecutive five‑year term on the board as of January 31, 2026, in line with the provisions of the Companies Act, 2013 and SEBI’s listing regulations, and consequently ceases to be a director of the company. The board and management have formally recorded their appreciation for her guidance and contributions, and the company has disclosed the details of her cessation in compliance with SEBI’s enhanced disclosure norms, underscoring its adherence to corporate governance and transparency requirements for stakeholders.

Brigade Enterprises Posts 6% Q3 Revenue Growth as Collections and Profits Rise

Brigade Enterprises reported a 6% year-on-year rise in consolidated revenue to ₹1,623 crore for Q3 FY26, with profit after tax at ₹206 crore and quarterly collections at ₹1,760 crore, underscoring solid operating momentum across its portfolio. The real estate segment delivered ₹1,133 crore in revenue, 1.33 million sq ft of net bookings valued at ₹1,750 crore, and collections of ₹1,258 crore, while leasing revenues grew 16% to ₹325 crore on a 93% occupied portfolio and hospitality revenues rose 12% to ₹165 crore. For the first nine months of FY26, consolidated revenue increased 16% to ₹4,386 crore and PAT climbed 24% to ₹534 crore, reflecting robust growth and disciplined capital allocation as the company expands its land bank in key southern markets and reinforces its positioning across residential, commercial, and hospitality sectors.

Brigade Enterprises Reshapes Finance Leadership and Board Committees After Q3 Results Approval

Brigade Enterprises Limited’s board has approved its unaudited standalone and consolidated financial results for the third quarter and nine months ended 31 December 2025, reinforcing its ongoing regulatory compliance and disclosure practices for public investors. The board also enacted a series of key governance and leadership changes, including the resignation of Interim Chief Financial Officer Pradyumna Krishna Kumar from the CFO role effective 2 February 2026 while he continues as Executive Director, and the appointment of Yogesh Patel as Chief Financial Officer and Key Managerial Personnel from the same date, alongside appointing Deloitte Touche Tohmatsu India LLP as internal auditors and Murthy & Co. LLP as cost auditors for FY 2026-27, and reconstituting several board committees following the completion of Independent Director Lakshmi Venkatachalam’s second term, moves that collectively signal a tightening of oversight and a refreshed leadership structure for the company’s next phase.

Brigade Enterprises Announces Trading Window Closure Ahead of Q3 FY2025 Results

Brigade Enterprises Limited has notified the stock exchanges that its trading window for designated persons and their immediate relatives will be closed from 1 January 2026 until 48 hours after the announcement of its financial results for the third quarter and nine-month period ending 31 December 2025. The company stated that the timing of the board meeting to consider and approve these results will be communicated separately, and emphasized that the trading window closure is in compliance with SEBI’s Prohibition of Insider Trading Regulations and the company’s internal code for preventing insider trading in its securities.

Brigade Enterprises Faces Income Tax Survey, Operations Unaffected

Brigade Enterprises Limited announced that the Income Tax Department conducted a survey at its registered office and other locations from December 9 to December 13, 2025. The company cooperated fully with the authorities, ensuring that its business operations remained unaffected during the survey. The financial impact of the survey, if any, is currently undetermined.

Brigade Enterprises Appoints New Independent Director via Postal Ballot

Brigade Enterprises Limited announced the successful passing of a resolution to appoint Mr. Debashis Chatterjee as an Independent Director through a Postal Ballot conducted via remote e-voting. This decision, supported by a majority of the company’s members, reflects the company’s commitment to strengthening its board with experienced leadership, potentially enhancing its strategic direction and governance.

Brigade Enterprises Passes Special Resolution via E-Voting

Brigade Enterprises Limited announced the successful passing of a special resolution by its shareholders through a postal ballot conducted via remote e-voting. This process, which adhered to regulatory requirements, reflects the company’s commitment to transparent governance and could enhance its operational efficiency, potentially impacting its market position positively.