Brigade Enterprises Limited (IN:BRIGADE)
:BRIGADE
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Brigade Enterprises Limited
(BRIGADE)
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Rating:54Neutral
Price Target:
₹773.00
▼(-14.30% Downside)
Action:Reiterated
Date:05/09/26
The score is primarily held back by financial risk factors—especially the 2026 negative operating/free cash flow and meaningful leverage—despite solid multi-year revenue/earnings expansion. Technical indicators are broadly neutral with modest momentum support, while valuation (P/E ~24.7 and low dividend yield) does not materially improve the risk-reward profile.
Positive Factors
Diversified business model
Brigade earns from property development and recurring income (leasing/retail/hospitality). This multi‑stream model reduces sole dependence on cyclical property sales, provides steadier cash inflows from leased assets and hotels, and supports resilience across real‑estate cycles.
Negative Factors
Cash flow deterioration (2026)
The shift to negative operating and deeply negative free cash flow in 2026 signals weaker cash conversion from profits, likely from working‑capital or project timing. This reduces financial flexibility, raises reliance on external funding, and increases cycle‑risk for future project funding.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified business model
Brigade earns from property development and recurring income (leasing/retail/hospitality). This multi‑stream model reduces sole dependence on cyclical property sales, provides steadier cash inflows from leased assets and hotels, and supports resilience across real‑estate cycles.
Read all positive factors
Brigade Enterprises Limited (BRIGADE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹175.84B
Dividend Yield0.28%
Average Volume (3M)16.50K
Price to Earnings (P/E)24.7
Beta (1Y)1.33
Revenue Growth12.28%
EPS Growth-6.98%
CountryIN
Employees859
SectorReal Estate
Sector Strength53
IndustryReal Estate - Development
Share Statistics
EPS (TTM)N/A
Shares Outstanding244,593,460
10 Day Avg. Volume13,596
30 Day Avg. Volume16,500
Financial Highlights & Ratios
PEG Ratio-2.98
Price to Book (P/B)2.33
Price to Sales (P/S)2.79
P/FCF Ratio-7.32
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 c...
How the Company Makes Money
Brigade Enterprises primarily makes money through a combination of (1) real estate development income and (2) recurring income from operating/owning commercial assets. Development income is generated by developing residential and commercial projec...
Brigade Enterprises Limited Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
58
Neutral
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 52.78B | 56.97B | 50.74B | 48.97B | 34.45B | 29.99B |
| Gross Profit | 27.16B | 20.07B | 26.25B | 20.69B | 15.95B | 13.61B |
| EBITDA | 14.40B | 14.18B | 14.18B | 11.96B | 8.56B | 7.64B |
| Net Income | 7.52B | 6.44B | 6.86B | 4.52B | 2.91B | 827.70M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 262.53B | 220.90B | 178.86B | 163.77B | 151.58B |
| Cash, Cash Equivalents and Short-Term Investments | 32.97B | 27.35B | 32.98B | 18.95B | 15.49B | 14.21B |
| Total Debt | 0.00 | 63.44B | 54.64B | 54.70B | 46.34B | 49.06B |
| Total Liabilities | -59.15B | 187.29B | 161.75B | 143.28B | 132.34B | 122.80B |
| Stockholders Equity | 59.15B | 68.20B | 56.38B | 36.49B | 32.45B | 29.10B |
Cash Flow | ||||||
| Free Cash Flow | -3.88B | -21.74B | 3.56B | 654.30M | 6.44B | 8.24B |
| Operating Cash Flow | -368.60M | -4.35B | 9.95B | 3.34B | 9.66B | 10.32B |
| Investing Cash Flow | 11.17B | -16.01B | -5.90B | -3.79B | -2.71B | -9.71B |
| Financing Cash Flow | 751.20M | 16.65B | 8.60B | 2.41B | -6.95B | 333.70M |
Brigade Enterprises Limited Technical Analysis
Positive
901.95
Price Trends
711.57
Positive
785.46
Negative
885.76
Negative
Market Momentum
12.54
Negative
64.39
Neutral
75.64
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BRIGADE, the sentiment is Positive. The current price of 901.95 is above the 20-day moving average (MA) of 689.90, above the 50-day MA of 711.57, and above the 200-day MA of 885.76, indicating a neutral trend. The MACD of 12.54 indicates Negative momentum. The RSI at 64.39 is Neutral, neither overbought nor oversold. The STOCH value of 75.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:BRIGADE.
Brigade Enterprises Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹591.67B | 20.58 | ― | 0.48% | 15.16% | 12.66% | |
67 Neutral | ₹180.95B | 33.05 | ― | 0.13% | 21.92% | 28.78% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
61 Neutral | ₹878.62B | 16.77 | ― | 0.39% | 21.02% | 23.73% | |
59 Neutral | ₹148.99B | 65.64 | ― | 0.20% | 28.52% | 99.08% | |
55 Neutral | ₹515.47B | 23.95 | ― | ― | 21.54% | 24.63% | |
54 Neutral | ₹175.84B | 24.69 | ― | 0.28% | 12.28% | -6.98% |
* Real Estate Sector Average
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Brigade Enterprises Limited Corporate Events
Brigade, Bain Capital in ₹2,200-Crore JV for Whitefield Mixed-Use Project
Apr 29, 2026
Brigade Group has entered a 50:50 joint venture with global investment firm Bain Capital to develop a premium mixed-use project in Whitefield, one of Bengaluru’s most sought-after commercial corridors. The development, on an 11-acre plot alo...
Brigade, Bain Capital-Backed AIF Form 50:50 JV for Whitefield Mixed-Use Project
Apr 26, 2026
Brigade Enterprises has entered into a joint venture structure with GSS India Opportunities AIF Scheme I, managed by Bain Capital Advisors (India), to fund and develop a prime 11.04-acre land parcel in Whitefield, Bengaluru, held through its wholl...
Brigade Enterprises Names Anurag Priyadarshi Head of ESG
Apr 3, 2026
Brigade Enterprises Limited has strengthened its senior management team by appointing Dr. Anurag Priyadarshi as Head of ESG, effective April 3, 2026. This move underscores the company’s emphasis on environmental, social, and governance prior...
Brigade Enterprises Schedules Virtual One-on-One Meet With Franklin Templeton
Mar 23, 2026
Brigade Enterprises Limited has scheduled a one-on-one virtual meeting with Franklin Templeton on March 24, 2026, as part of its ongoing engagement with analysts and institutional investors. The company noted that the meeting schedule, disclosed u...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.