Brigade Enterprises Ltd.
NSE: BRIGADEBrigade Enterprises Ltd.: A 30-second snapshot
Brigade Enterprises (Realty) trades at ₹688.25, down 36.1% over 12 months and 48.2% below its 52-week high, with price sitting 19.3% beneath its 200-DMA. The company reported a 5-year earnings CAGR of -23.4% and a Q4 FY26 net profit decline of 23.69% YoY, while carrying a debt-to-equity of 75.557 with a rising debt trend. A forward PE of 13.94 is the lowest among six tracked Realty peers, and 15 analysts cover the stock with a mean rating of 1.2 on a 1–5 scale (lower = more constructive).
P/E
—
Forward P/E
13.9
ROE
—
Debt / Equity
75.56
Profit Margin
+13.1%
Div. Yield
+0.3%
5Y ROE > 15%
0/5
5Y FCF > 0
3/5
Quality
49/100
News
8 headlines · 5 positive · 2 negative
Earnings Miss: Brigade Enterprises Limited Missed EPS By 13% And Analysts Are Revising Their Forecasts - simplywall.st
simplywall.st
Bonus issue alert! Brigade Enterprises set to reward 1.5 lakh retail shareholders, check details - The Economic Times
The Economic Times
Bengaluru-based property developer Brigade Enterprises net profit declines 23.69% in Q4 - Deccan Herald
Deccan Herald
Brigade Enterprises rises on partnering with Bain Capital to develop Whitefield mixed-use project - Business Standard
Business Standard
Brigade Enterprises JV for 2M Sq Ft Office, Hotel Project in Bangalore - Whalesbook
Whalesbook
Recent context
- ·Q4 FY26 results showed net profit down 23.69% YoY (Deccan Herald, 6 May 2026) and a 13% EPS miss relative to analyst estimates prompted downward forecast revisions (Simply Wall St, 9 May 2026).
- ·Brigade Enterprises announced a partnership with Bain Capital to develop a mixed-use project in Whitefield, Bangalore (Business Standard, 27 Apr 2026), and a separate 2 million sq ft office-hotel JV was reported (Whalesbook, 26 Apr 2026).
- ·A 1:2 bonus share issue was announced, described as rewarding approximately 1.5 lakh retail shareholders (The Economic Times, 7 May 2026); nearest support level is at ₹601, with the first resistance at ₹694.95.
Strengths
- +Forward PE of 13.94 is the lowest in the six-company Realty peer set, which ranges from 23.5 (OBEROIRLTY) to 49.8 (PHOENIXLTD), representing a 41–72% discount on this metric.
- +Revenue grew at a 5-year CAGR of 7.6%, suggesting top-line expansion even as bottom-line earnings contracted, with profit margin at 13.08%.
- +Active project pipeline: recent news includes a JV with Bain Capital for a mixed-use Whitefield project and a 2 million sq ft office-hotel development in Bangalore, indicating continued land-bank and partnership activity.
- +FCF was positive in 3 of available years; consistency score of 50 is at the midpoint of the scale, showing some financial stability alongside the elevated leverage.
Weaknesses
- −5-year earnings CAGR of -23.4% and roeYearsAbove15 = 0 across all available years indicate persistent profitability pressure; quality score of 34 is the lowest of 6 sector peers.
- −Price is 19.3% below the 200-DMA (₹852.37) and has been in a sustained downtrend: -14.23% over 3 months and -36.1% over 12 months, with RSI at 34.11.
- −Debt-to-equity of 75.557 is on a rising trend; in a context of earnings contraction, the capacity to service and refinance debt becomes a more acute consideration.
- −Q4 FY26 net profit declined 23.69% YoY and EPS missed estimates by 13%, prompting analyst forecast revisions downward — near-term earnings momentum is negative.
Open questions
- ?Does the sustained earnings contraction (-23.4% over 5 years) reflect an industry-wide real estate cycle, or company-specific execution or cost challenges that differ from peers such as OBEROIRLTY and LODHA?
- ?At a D/E of 75.557 on a rising trend, what portion of Brigade's debt matures in the next 12–24 months, and how does the current interest-coverage ratio compare to prior periods?
- ?The Bain Capital JV and office-hotel partnership signal continued project expansion — how does the revenue recognition timeline for these projects align with the current earnings trajectory?
- ?With a forward PE of 13.94 versus the sector peer range of 23.5–49.8, what assumptions about future earnings recovery are embedded in the current price, and how sensitive are those assumptions to pre-sales velocity?
Peer comparison: Realty
Ranks 5 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| BRIGADE | Brigade Enterprises Ltd.You're viewing | — | — | 34 |
| Industry avg | across 5 peers | 31.5 | +12.3% | 49 |
| OBEROIRLTY | Oberoi Realty Ltd. | 23.5 | +14.9% | 65 |
| PHOENIXLTD | Phoenix Mills Ltd. | 49.8 | +11.1% | 55 |
| LODHA | Lodha Developers Ltd. | 24.8 | +15.7% | 54 |
| GODREJPROP | Godrej Properties Ltd. | 27.9 | +10.0% | 44 |
| DLF | DLF Ltd. | 31.8 | +10.0% | 29 |
Technical state
Current price
₹688.25
SMA 50
₹716.15
SMA 200
₹852.37
RSI (14)
34.1 (neutral)
From 52w high
-48.2%
1Y return
-36.1%
3M return
-14.2%
50-DMA
Below
200-DMA
Below
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- high5-year earnings growth of -23.4% and trailing ROE data unavailable (roeYearsAbove15 = 0 across available years); Q4 FY26 net profit fell 23.69% YoY and the most recent quarter missed EPS estimates by 13%; quality score of 34 ranks 6th of 6 in the Realty sector cohort.
- highPrice of ₹688.25 is 3.9% below the 50-DMA (₹716.15) and 19.3% below the 200-DMA (₹852.37); down 36.1% over the past 12 months and 48.2% below the 52-week high, with RSI at 34.11.
- mediumDebt-to-equity of 75.557 with a rising debt trend; FCF positive in only 3 of available years; profit margin of 13.08% in a capital-intensive sector with declining earnings increases debt-service sensitivity.
- lowNews sample of 8 articles is sparse; two negative headlines cite a 13% EPS miss and a 23.69% Q4 profit decline alongside positive JV and bonus-issue announcements, limiting signal clarity.
Cross-section contradictions
- News sentiment is net positive (5 positive vs 2 negative) driven by a Bain Capital JV announcement and a bonus share issue, while the stock is down 36.1% over 12 months and 48.2% from its 52-week high — corporate announcements and price performance diverge materially.
- Forward PE of 13.94 is below all five sector peers (DLF 31.8, LODHA 24.8, GODREJPROP 27.9, OBEROIRLTY 23.5, PHOENIXLTD 49.8), yet analyst forecasts were revised downward after the recent EPS miss — the valuation discount coexists with deteriorating near-term earnings visibility.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 25 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 17 May 2026 · rotates through NIFTY 500 every ~5 days