Company Valuation: Godrej Properties Limited

Data adjusted to current consolidation scope
Fiscal Period: March 2021 2022 2023 2024 2025 2026 2027 2028
Capitalization 1 3,90,996 4,64,852 2,86,654 6,39,523 6,41,403 5,29,764 - -
Change - 18.89% -38.33% 123.1% 0.29% -17.41% - -
Enterprise Value (EV) 1 4,29,395 5,03,165 3,30,612 6,99,230 6,76,665 5,80,974 5,76,095 5,77,214
Change - 17.18% -34.29% 111.5% -3.23% -14.14% -0.84% 0.19%
P/E ratio -188x 132x 50.2x 88.2x 43.5x 28x 20.8x 15.8x
PBR 4.7x 5.36x 3.09x 6.4x 3.51x 2.7x 2.39x 2.07x
PEG - -0x 0.8x 3.3x 0.5x 1x 0.6x 0.5x
Capitalization / Revenue 51.1x 25.5x 12.7x 21.1x 13x 9.05x 6.02x 4.49x
EV / Revenue 56.1x 27.6x 14.7x 23x 13.7x 9.92x 6.54x 4.89x
EV / EBITDA -129x 378x 134x -539x 1,525x 170x 35.7x 29.6x
EV / EBIT -122x 450x 148x -401x -2,309x 80.1x 39.7x 26.2x
EV / FCF -53.7x -84.1x -10.4x -50.4x -27.6x -40.7x -208x 38.3x
FCF Yield -1.86% -1.19% -9.58% -1.98% -3.63% -2.46% -0.48% 2.61%
Dividend per Share 2 - - - - - 4.929 5.508 10.33
Rate of return - - - - - 0.28% 0.32% 0.59%
EPS 2 -7.48 12.67 20.55 26.08 49.01 62.35 84.15 110.6
Distribution rate - - - - - 7.9% 6.55% 9.34%
Net sales 1 7,649 18,249 22,523 30,356 49,228 58,558 88,064 1,17,962
EBITDA 1 -3,334 1,332 2,476 -1,297 443.6 3,408 16,150 19,525
EBIT 1 -3,529 1,117 2,235 -1,742 -293 7,249 14,517 22,022
Net income 1 -1,894 3,524 5,714 7,253 13,999 19,159 24,770 31,684
Net Debt 1 38,399 38,313 43,958 59,707 35,261 51,210 46,331 47,450
Reference price 2 1,406.75 1,672.20 1,031.05 2,300.10 2,129.60 1,747.40 1,747.40 1,747.40
Nbr of stocks (in thousands) 2,77,943 2,77,988 2,78,021 2,78,041 3,01,185 3,01,208 - -
Announcement Date 03/05/21 03/05/22 03/05/23 03/05/24 02/05/25 - - -
1INR in Million2INR
Estimates

P/E ratio, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
28.02x9.86x169.48x0.28% 565.65Cr
25.7x4.77x20.03x0.99% 3.55TCr
17.74x3.4x16.77x1.97% 3TCr
5.64x0.84x1.59x7.87% 3.06TCr
20.58x7.75x21.99x0.92% 2.77TCr
14.49x0.92x6.11x2.57% 2.01TCr
11.47x27.4x - 2.26% 1.82TCr
7.66x1.71x5.56x2.68% 1.81TCr
30.77x11.83x29.84x3.27% 1.75TCr
33.42x15.26x60.21x1.13% 1.57TCr
Average 19.55x 8.37x 36.84x 2.4% 2.19TCr
Weighted average by Cap. 18.48x 7.13x 22.51x 2.64%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

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