Since its inception in 1986, Brigade has been dedicated to shaping India’s real estate landscape with landmark developments across various sectors, establishing itself as a prominent name in the industry. With a comprehensive portfolio encompassing residential, commercial, hospitality, and retail projects, Brigade has built a legacy of excellence and superior quality. The company’s leadership in the industry is rooted in its commitment to not just meet, but exceed customer expectations, ensuring that every Brigade development epitomizes class and style.
Brigade approaches each land acquisition with careful consideration, viewing it as an opportunity to expand into new areas while maintaining environmental and societal responsibilities. Innovation is at the heart of Brigade’s operations, exemplified by the Brigade Real Estate Accelerator Program (REAP), which drives sustainability and innovation within the real estate sector. Additionally, the Brigade Foundation reflects the company’s dedication to empowering communities and enhancing social welfare through initiatives in education, healthcare, and community development.
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
| Promoters + | 43.79% | 43.78% | 43.77% | 43.75% | 43.73% |
| FIIs + | 14.31% | 13.67% | 13.40% | 13.73% | 14.86% |
| DIIs + | 24.62% | 25.45% | 25.41% | 25.01% | 23.84% |
| Public + | 17.27% | 17.09% | 17.44% | 17.50% | 17.58% |
| No. of Shareholders | 62,611 | 60,920 | 63,535 | 68,712 | 76,977 |
The shareholding patterns of the company have exhibited notable changes from March 2023 to March 2024. During this period, the proportion of shares held by promoters slightly decreased from 43.79% in March 2023 to 43.73% in March 2024, indicating a marginal reduction in promoter stake. Conversely, Foreign Institutional Investors (FIIs) showed a dynamic trend, initially dropping from 14.31% in March 2023 to 13.40% in September 2023, before rising again to 14.86% by March 2024, reflecting renewed interest from foreign investors.
Domestic Institutional Investors (DIIs) experienced fluctuations as well, with their holdings peaking at 25.45% in June 2023 and then gradually declining to 23.84% by March 2024. Public shareholding remained relatively stable, with a slight increase from 17.27% in March 2023 to 17.58% in March 2024, showing consistent public interest in the company.
Additionally, the number of shareholders saw a significant rise from 62,611 in March 2023 to 76,977 in March 2024, indicating growing investor interest and confidence in the company over the year. This overall trend highlights a dynamic and evolving shareholding structure, influenced by the varying interests of different investor groups.
Brigade Enterprises Reports Stellar Q4 Results: Revenue Surges by 102%, Profit Jumps 197.6% Year-over-Year
- Q4 Results Announcement:
- Date: May 28, 2024
- Significant growth in both revenue and profit compared to the previous year
- Year-over-Year Performance:
- Revenue increased by 102.04%
- Profit rose by 197.6%
- Quarter-over-Quarter Performance:
- Revenue growth of 45.03%
- Profit increase of 180.43%
- Expenses and Operational Costs:
- Selling, general, and administrative expenses:
- Increased by 6.58% quarter-on-quarter
- Increased by 21.6% year-on-year
- Selling, general, and administrative expenses:
- Operating Income:
- Quarter-on-quarter increase of 98.13%
- Year-on-year rise of 162.95%
- Earnings Per Share (EPS):
- Reported EPS for Q4: ₹8.89
- Year-on-year growth of 288.83%
- Investor Returns:
- 1-week return: 1.62%
- 6-month return: 58.36%
- Year-to-date return: 36.64%
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| When | Maximum Price | Minimum Price |
| June 2024 | 1,297.60 | 1,128.35 |
| July 2024 | 1,284.63 | 1,117.07 |
| August 2024 | 1,336.01 | 1,161.75 |
| September 2024 | 1,389.45 | 1,208.22 |
| October 2024 | 1,362.21 | 1,184.53 |
| November 2024 | 1,416.70 | 1,231.91 |
| December 2024 | 1,430.86 | 1,244.23 |
In 2024, Brigade Enterprises is projected to show a steady performance in its stock prices. Starting in June, the maximum price is expected to reach ₹1,297.60 with a minimum of ₹1,128.35, indicating strong growth. In July, there is a slight dip with maximum and minimum prices of ₹1,284.63 and ₹1,117.07 respectively. August will see an upward trend with prices ranging from ₹1,336.01 to ₹1,161.75. The momentum continues in September with the maximum price projected at ₹1,389.45 and the minimum at ₹1,208.22. October will witness a slight consolidation with a maximum price of ₹1,362.21 and a minimum of ₹1,184.53. The positive trajectory resumes in November, with prices reaching a maximum of ₹1,416.70 and a minimum of ₹1,231.91. By December, Brigade Enterprises is expected to close the year strongly, with a maximum price of ₹1,430.86 and a minimum of ₹1,244.23.
| When | Maximum Price | Minimum Price |
| January 2025 | 1,445.17 | 1,111.67 |
| February 2025 | 1,459.77 | 1,122.90 |
| March 2025 | 1,490.43 | 1,146.48 |
| April 2025 | 1,475.67 | 1,135.13 |
| May 2025 | 1,432.69 | 1,102.07 |
| June 2025 | 1,497.16 | 1,151.66 |
| July 2025 | 1,467.80 | 1,129.08 |
| August 2025 | 1,513.20 | 1,164.00 |
| September 2025 | 1,531.36 | 1,177.97 |
| October 2025 | 1,571.17 | 1,208.60 |
| November 2025 | 1,610.45 | 1,238.81 |
| December 2025 | 1,682.92 | 1,294.56 |
As we step into 2025, Brigade Enterprises is anticipated to exhibit positive stock price trends. January’s prices are expected to range from ₹1,111.67 to ₹1,445.17, gradually increasing in February to ₹1,122.90 to ₹1,459.77. March will see further growth, with prices between ₹1,146.48 and ₹1,490.43, followed by slight dips in April and May, ranging from ₹1,102.07 to ₹1,475.67. A rebound is expected in June, with prices peaking at ₹1,497.16 and a minimum of ₹1,151.66. July and August will continue this upward trend, with prices between ₹1,129.08 and ₹1,513.20, further growing in September to ₹1,177.97 to ₹1,531.36. October’s prices will range from ₹1,208.60 to ₹1,571.17, with gains continuing in November, ranging from ₹1,238.81 to ₹1,610.45. Finally, as we step into December 2025, Brigade Enterprises is expected to conclude the year strongly, with prices ranging from ₹1,294.56 to ₹1,682.92.
| When | Maximum Price | Minimum Price |
| January 2026 | 1,733.41 | 1,333.39 |
| February 2026 | 1,690.08 | 1,300.06 |
| March 2026 | 1,723.88 | 1,326.06 |
| April 2026 | 1,759.06 | 1,353.12 |
| May 2026 | 1,741.64 | 1,339.72 |
| June 2026 | 1,785.18 | 1,373.22 |
| July 2026 | 1,750.18 | 1,346.29 |
| August 2026 | 1,804.31 | 1,387.93 |
| September 2026 | 1,840.39 | 1,415.69 |
| October 2026 | 1,888.25 | 1,452.50 |
| November 2026 | 1,935.45 | 1,488.81 |
| December 2026 | 1,983.84 | 1,526.03 |
| When | Maximum Price | Minimum Price |
| January 2027 | 2,003.68 | 1,541.29 |
| February 2027 | 2,055.05 | 1,580.81 |
| March 2027 | 2,135.20 | 1,642.46 |
| April 2027 | 2,093.33 | 1,610.26 |
| May 2027 | 2,032.36 | 1,563.36 |
| June 2027 | 2,123.82 | 1,633.71 |
| July 2027 | 2,082.17 | 1,601.67 |
| August 2027 | 2,146.57 | 1,651.21 |
| September 2027 | 2,221.70 | 1,709.00 |
| October 2027 | 2,279.47 | 1,753.44 |
| November 2027 | 2,336.45 | 1,797.27 |
| December 2027 | 2,394.86 | 1,842.20 |
| When | Maximum Price | Minimum Price |
| January 2028 | 2,442.76 | 1,879.05 |
| February 2028 | 2,505.40 | 1,927.23 |
| March 2028 | 2,603.11 | 2,002.39 |
| April 2028 | 2,552.07 | 1,963.13 |
| May 2028 | 2,477.73 | 1,905.95 |
| June 2028 | 2,589.23 | 1,991.72 |
| July 2028 | 2,538.46 | 1,952.66 |
| August 2028 | 2,616.97 | 2,013.05 |
| September 2028 | 2,708.57 | 2,083.51 |
| October 2028 | 2,778.99 | 2,137.68 |
| November 2028 | 2,848.46 | 2,191.13 |
| December 2028 | 2,919.67 | 2,245.90 |
| When | Maximum Price | Minimum Price |
| January 2029 | 2,978.07 | 2,290.82 |
| February 2029 | 3,054.43 | 2,349.56 |
| March 2029 | 3,173.55 | 2,441.19 |
| April 2029 | 3,111.32 | 2,393.33 |
| May 2029 | 3,020.70 | 2,323.62 |
| June 2029 | 3,156.64 | 2,428.18 |
| July 2029 | 3,094.74 | 2,380.57 |
| August 2029 | 3,190.45 | 2,454.20 |
| September 2029 | 3,302.12 | 2,540.09 |
| October 2029 | 3,387.97 | 2,606.13 |
| November 2029 | 3,472.67 | 2,671.29 |
| December 2029 | 3,559.49 | 2,738.07 |
| When | Maximum Price | Minimum Price |
| January 2030 | 3,630.68 | 2,792.83 |
| February 2030 | 3,723.78 | 2,864.44 |
| March 2030 | 3,869.00 | 2,976.16 |
| April 2030 | 3,793.14 | 2,917.80 |
| May 2030 | 3,682.66 | 2,832.82 |
| June 2030 | 3,848.38 | 2,960.29 |
| July 2030 | 3,772.92 | 2,902.25 |
| August 2030 | 3,889.61 | 2,992.01 |
| September 2030 | 4,025.75 | 3,096.73 |
| October 2030 | 4,130.42 | 3,177.24 |
| November 2030 | 4,233.68 | 3,256.67 |
| December 2030 | 4,339.52 | 3,338.09 |
Throughout 2030, Brigade Enterprises is expected to see significant stock price variations. In January, prices will range from ₹2,792.83 to ₹3,630.68, rising by March to between ₹2,976.16 and ₹3,869.00. By mid-year, June prices will range from ₹2,960.29 to ₹3,848.38, continuing to increase through September with a range of ₹3,096.73 to ₹4,025.75. By December, prices are projected to reach between ₹3,338.09 and ₹4,339.52.
Financial Condition of Brigade Enterprises: Last 5 Years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
| Sales + | 2,632 | 1,950 | 2,999 | 3,445 | 4,897 |
| Expenses + | 1,965 | 1,474 | 2,229 | 2,578 | 3,702 |
| Operating Profit | 667 | 476 | 770 | 866 | 1,194 |
| OPM % | 25% | 24% | 26% | 25% | 24% |
| Other Income + | 27 | -17 | 9 | 161 | 167 |
| Interest | 340 | 347 | 444 | 434 | 491 |
| Depreciation | 192 | 237 | 351 | 315 | 302 |
| Profit before tax | 161 | -125 | -15 | 278 | 569 |
| Tax % | 29% | 23% | -331% | 20% | 29% |
| Net Profit + | 114 | -96 | -65 | 222 | 401 |
| EPS in Rs | 6.39 | -2.2 | 3.59 | 12.63 | 19.54 |
| Dividend Payout % | 31% | -55% | 42% | 16% | 10% |
Sales and Expenses:
- Sales increased significantly from ₹2,632 crore in March 2020 to ₹4,897 crore in March 2024, indicating robust top-line growth.
- Correspondingly, expenses rose from ₹1,965 crore in March 2020 to ₹3,702 crore in March 2024, reflecting increased operational activities.
Operating Profit and OPM:
- Operating profit saw a consistent rise from ₹667 crore in March 2020 to ₹1,194 crore in March 2024.
- The Operating Profit Margin (OPM) fluctuated slightly, maintaining an average of around 25%, peaking at 26% in March 2022 and dropping to 24% by March 2024.
Other Income and Interest:
- Other income showed a volatile trend, moving from ₹27 crore in March 2020 to ₹167 crore in March 2024, with a significant dip to -₹17 crore in March 2021.
- Interest expenses increased from ₹340 crore in March 2020 to ₹491 crore in March 2024, aligning with the company’s expanding financial activities.
- Depreciation and Profit Before Tax:
- Depreciation expenses grew from ₹192 crore in March 2020 to ₹302 crore in March 2024, reflecting the company’s investment in fixed assets.
- Profit before tax demonstrated a remarkable turnaround from a loss of ₹125 crore in March 2021 to a profit of ₹569 crore in March 2024.
Tax and Net Profit:
- The tax percentage varied widely, with a notable negative rate of -331% in March 2022, normalizing to 29% in March 2024.
- Net profit increased dramatically from ₹114 crore in March 2020 to ₹401 crore in March 2024, overcoming previous losses in 2021 and 2022.
Earnings Per Share (EPS) and Dividend Payout:
- EPS saw a substantial rise from ₹6.39 in March 2020 to ₹19.54 in March 2024.
- The dividend payout ratio decreased over the period, from 31% in March 2020 to 10% in March 2024, indicating a strategic decision to retain more earnings for reinvestment.
Also read:
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FAQs
Will Brigade Enterprises stock price grow in 2024?
Yes, Brigade Enterprises’ stock price is expected to grow in 2024. The company’s current share price is around Rs 1,284, and analysts have estimated that Brigade Enterprises price will reach ₹1,430.86 by the end of 2024.
What future is anticipated for Brigade Enterprises in 2025?
Analysts expect Brigade Enterprises’ stock price to reach Rs1,682.92 by the end of 2025. Brigade Enterprises’ focus on innovation and quality is expected to help it maintain its growth in the coming years.
Can Brigade Enterprises reach 2,000 INR?
Yes, Brigade Enterprises is expected to reach Rs 2,000 by the beginning of 2030. This growth is attributed to the company’s focus on quality and innovation, as well as its expanding presence in the international markets.
In 2030, Brigade Enterprises is expected to trade in between ₹2,792.83 and ₹4,339.52.
Conclusion:
Brigade Enterprises has demonstrated remarkable financial performance in its Q4 results, showcasing significant growth and resilience. The company achieved a stellar revenue increase of 102.04% year-over-year, reaching ₹4,897 crore, and a remarkable profit rise of 197.6%, culminating in ₹401 crore. This robust performance is further highlighted by an impressive earnings per share (EPS) growth of 288.83%, reaching ₹8.89 for Q4. The strategic management of expenses and operational costs has resulted in an operating income increase of 162.95% year-over-year. With a consistent increase in shareholder confidence, reflected in the number of shareholders rising to 76,977 by March 2024, and positive investor returns including a 36.64% year-to-date return, Brigade Enterprises continues to solidify its position as a leader in the real estate sector, driven by its commitment to innovation, quality, and sustainable growth.
Having said that, we are not a financial advisor. Please consult a SEBI-registered financial advisor before trading Brigade Enterprises. This post on Brigade Enterprises shares price target from 2024 to 2030 is for educational purposes only.
What did we learn?
- 1 Shareholding Patterns
- 2 Brigade Enterprises Reports Stellar Q4 Results: Revenue Surges by 102%, Profit Jumps 197.6% Year-over-Year
- 3 How to Purchase Brigade Enterprises Ltd Shares in India?
- 4 Brigade Enterprises Ltd Share Price Prediction: 2024, 2025 to 2030
- 4.1 Brigade Enterprises Share Price Target 2024
- 4.2 Brigade Enterprises Share Price Prediction 2025
- 4.3 Brigade Enterprises Share Price Target 2026
- 4.4 Brigade Enterprises Share Price Prediction 2027
- 4.5 Brigade Enterprises Share Price Target 2028
- 4.6 Brigade Enterprises Share Price Target 2029
- 4.7 Brigade Enterprises Share Price Prediction 2030
- 5 Financial Condition of Brigade Enterprises: Last 5 Years
- 6 FAQs
- 7 Conclusion:
