Financials Brigade Enterprises Limited

Equities

BRIGADE

INE791I01019

Real Estate Development & Operations

Market Closed - Bombay S.E. 03:30:51 24/06/2024 pm IST 5-day change 1st Jan Change
1,423 INR +4.87% Intraday chart for Brigade Enterprises Limited +4.25% +58.42%

Valuation

Fiscal Period: März 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 33,998 26,971 58,170 1,19,161 1,09,413 3,13,709 - -
Enterprise Value (EV) 1 65,060 62,704 92,136 1,53,442 1,40,415 2,16,227 3,53,832 3,44,695
P/E ratio 14.2 x 20.8 x -123 x 141 x 37.6 x 48 x 47.1 x 40.4 x
Yield 0.8% 0.76% 0.44% 0.29% 0.42% 0.11% 0.15% 0.15%
Capitalization / Revenue 1.14 x 1.02 x 2.98 x 3.97 x 3.18 x 4.42 x 5.85 x 5.21 x
EV / Revenue 2.19 x 2.38 x 4.73 x 5.12 x 4.08 x 4.42 x 6.6 x 5.73 x
EV / EBITDA 8.24 x 9.15 x 19.5 x 20 x 16.3 x 18.1 x 23.7 x 19.2 x
EV / FCF -79.1 x -22.7 x 30 x 18.6 x 20 x 39.7 x 53.9 x 31.8 x
FCF Yield -1.26% -4.41% 3.34% 5.37% 4.99% 2.52% 1.86% 3.14%
Price to Book 1.57 x 1.18 x 2.48 x 4.09 x 3.48 x 8.94 x 7.11 x 6.38 x
Nbr of stocks (in thousands) 2,04,272 2,04,322 2,10,914 2,30,263 2,30,732 2,31,136 - -
Reference price 2 166.4 132.0 275.8 517.5 474.2 1,357 1,357 1,357
Announcement Date 07/05/19 18/06/20 18/05/21 12/05/22 24/05/23 28/05/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: März 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 29,728 26,322 19,500 29,988 34,446 48,967 53,624 60,201
EBITDA 1 7,897 6,853 4,719 7,663 8,590 11,944 14,906 17,960
EBIT 1 6,497 4,933 2,350 4,158 5,444 8,923 12,658 14,807
Operating Margin 21.85% 18.74% 12.05% 13.87% 15.81% 18.22% 23.6% 24.6%
Earnings before Tax (EBT) 1 4,256 1,614 -1,251 -150.4 2,780 5,687 8,410 10,786
Net income 1 2,399 1,306 -463.2 827.7 2,914 4,516 5,747 7,233
Net margin 8.07% 4.96% -2.38% 2.76% 8.46% 9.22% 10.72% 12.02%
EPS 2 11.72 6.340 -2.240 3.660 12.61 19.51 28.84 33.61
Free Cash Flow 1 -823 -2,765 3,075 8,236 7,008 9,067 6,568 10,833
FCF margin -2.77% -10.5% 15.77% 27.46% 20.35% 20.31% 12.25% 18%
FCF Conversion (EBITDA) - - 65.16% 107.47% 81.59% 80.33% 44.06% 60.32%
FCF Conversion (Net income) - - - 995.06% 240.5% 253.17% 114.29% 149.77%
Dividend per Share 2 1.333 1.000 1.200 1.500 2.000 1.486 2.000 2.000
Announcement Date 07/05/19 18/06/20 18/05/21 12/05/22 24/05/23 28/05/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 6,446 7,912 3,828 7,527 9,210 9,423 9,025 8,792 8,203 8,426 6,540 9,704 10,531 11,487 11,706
EBITDA 1 1,484 1,887 1,113 1,924 2,575 2,052 2,326 2,165 2,079 2,020 1,748 2,533 2,709 2,945 3,037
EBIT 1 893.2 1,227 267.4 1,042 1,704 1,144 1,576 1,385 1,298 1,186 1,067 1,652 1,877 1,942 2,350
Operating Margin 13.86% 15.5% 6.99% 13.85% 18.5% 12.14% 17.46% 15.75% 15.82% 14.08% 16.32% 17.02% 17.82% 16.91% 20.08%
Earnings before Tax (EBT) 1 -272.6 265.5 -976 -1.1 - 75.2 830.9 800.8 496.8 651.4 300.4 971.7 1,113 1,009 1,638
Net income 1 -161.2 395.7 -400.9 120.3 783.6 324.7 876.8 775.8 569 692.5 385.3 892 990 812 1,315
Net margin -2.5% 5% -10.47% 1.6% 8.51% 3.45% 9.72% 8.82% 6.94% 8.22% 5.89% 9.19% 9.4% 7.07% 11.23%
EPS 2 -0.7600 1.870 -1.890 - - 1.400 3.800 3.360 2.460 2.990 1.660 3.550 4.350 3.900 -
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 04/02/21 18/05/21 05/08/21 11/11/21 03/02/22 12/05/22 02/08/22 12/11/22 09/02/23 24/05/23 08/08/23 - - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 31,062 35,734 33,967 34,281 31,002 45,986 40,123 30,986
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 3.934 x 5.214 x 7.197 x 4.473 x 3.609 x 4.074 x 2.692 x 1.725 x
Free Cash Flow 1 -823 -2,765 3,075 8,236 7,008 9,067 6,568 10,833
ROE (net income / shareholders' equity) 10.8% 5.87% -2% 3.15% 8.48% 10% 16.4% 16.4%
ROA (Net income/ Total Assets) - - - - - 2% 3% 3%
Assets 1 - - - - - 1,79,067 1,91,563 2,41,113
Book Value Per Share 2 106.0 112.0 111.0 126.0 136.0 152.0 191.0 213.0
Cash Flow per Share - - - 45.60 - - - -
Capex 1 5,327 7,415 4,954 2,084 2,656 4,878 4,516 3,993
Capex / Sales 17.92% 28.17% 25.4% 6.95% 7.71% 10.93% 8.42% 6.63%
Announcement Date 07/05/19 18/06/20 18/05/21 12/05/22 24/05/23 28/05/24 - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
1,357 INR
Average target price
1,221 INR
Spread / Average Target
-10.02%
Consensus
  1. Stock Market
  2. Equities
  3. BRIGADE Stock
  4. Financials Brigade Enterprises Limited