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.
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
| Promoters + | 43.77% | 43.75% | 43.73% | 43.72% | 41.37% |
| FIIs + | 13.40% | 13.73% | 14.86% | 16.17% | 17.30% |
| DIIs + | 25.41% | 25.01% | 23.84% | 22.86% | 24.79% |
| Public + | 17.44% | 17.50% | 17.58% | 17.26% | 16.53% |
| No. of Shareholders | 63,535 | 68,712 | 76,977 | 86,130 | 92,491 |
The shareholding pattern of Brigade Enterprises Ltd from September 2023 to September 2024 reflects notable changes across different categories of shareholders.
Promoter Holdings saw a gradual decline from 43.77% in September 2023 to 41.37% by September 2024. This reduction indicates that promoters have been reducing their stake over the year.
Foreign Institutional Investors (FIIs), on the other hand, have significantly increased their holdings during the same period. FIIs held 13.40% of shares in September 2023, rising steadily to 17.30% by September 2024. This growth reflects rising interest from foreign investors, likely due to the company’s improving financial performance and potential for growth.
Domestic Institutional Investors (DIIs) saw fluctuations in their stake. Their holdings decreased from 25.41% in September 2023 to 22.86% by June 2024 but rebounded to 24.79% by September 2024, suggesting a recovery in domestic investor confidence toward the end of the period.
The Public Shareholding remained relatively stable, with a slight decrease from 17.44% in September 2023 to 16.53% by September 2024, indicating less participation from retail investors.
Lastly, the number of shareholders increased significantly, from 63,535 in September 2023 to 92,491 by September 2024. This suggests a growing interest in Brigade Enterprises Ltd, likely fueled by its financial performance and market presence.
Latest News on Brigade Enterprises Ltd
Recently, Brigade Enterprises Ltd has made notable strides in its business operations and financial management. The company plans to launch around 12.61 million square feet of new projects in the next four quarters, signaling a strong pipeline of real estate developments across various sectors. This expansion reflects Brigade’s growth ambitions in the coming year.
In September 2024, the company successfully raised ₹1,500 crore through a Qualified Institutional Placement (QIP), strengthening its capital base for future projects and operational needs. This move positions Brigade Enterprises to capitalize on market opportunities and further invest in new ventures.
Additionally, ICRA reaffirmed the company’s long-term and short-term credit ratings, providing a vote of confidence in its financial stability and creditworthiness. This rating reassures investors and stakeholders about the company’s ability to manage its debt and obligations effectively.
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| When | Maximum Price | Minimum Price |
| October 2024 | 1,359.75 | 1,182.39 |
| November 2024 | 1,414.14 | 1,229.69 |
| December 2024 | 1,428.29 | 1,241.99 |
In October 2024, Brigade Enterprises is expected to reach a maximum price of ₹1,359.75, with a minimum of ₹1,182.39. This reflects steady growth as we approach the end of the year. By November 2024, the maximum price is projected to rise to ₹1,414.14, with the minimum reaching ₹1,229.69, indicating further momentum. Finally, in December 2024, Brigade Enterprises is anticipated to achieve a maximum price of ₹1,428.29, while the minimum price is expected to be ₹1,241.99, showing consistent positive performance as the year closes.
| When | Maximum Price | Minimum Price |
| January 2025 | 1,442.57 | 1,109.67 |
| February 2025 | 1,457.14 | 1,120.88 |
| March 2025 | 1,487.74 | 1,144.42 |
| April 2025 | 1,473.01 | 1,133.08 |
| May 2025 | 1,430.11 | 1,100.08 |
| June 2025 | 1,494.46 | 1,149.59 |
| July 2025 | 1,465.16 | 1,127.04 |
| August 2025 | 1,510.47 | 1,161.90 |
| September 2025 | 1,528.60 | 1,175.84 |
| October 2025 | 1,568.34 | 1,206.42 |
| November 2025 | 1,607.55 | 1,236.58 |
| December 2025 | 1,679.89 | 1,292.22 |
As we move through 2025, Brigade Enterprises is projected to see gradual price fluctuations. In January, the maximum price could reach ₹1,442.57 and the minimum ₹1,109.67. By mid-year in June, the maximum is expected to rise to ₹1,494.46, with a minimum of ₹1,149.59. As we approach the end of the year in December, Brigade Enterprises could hit a high of ₹1,679.89, with the minimum at ₹1,292.22.
| When | Maximum Price | Minimum Price |
| January 2026 | 1,730.29 | 1,330.99 |
| February 2026 | 1,687.03 | 1,297.71 |
| March 2026 | 1,720.77 | 1,323.67 |
| April 2026 | 1,755.89 | 1,350.68 |
| May 2026 | 1,738.50 | 1,337.31 |
| June 2026 | 1,781.97 | 1,370.74 |
| July 2026 | 1,747.02 | 1,343.87 |
| August 2026 | 1,801.06 | 1,385.43 |
| September 2026 | 1,837.08 | 1,413.14 |
| October 2026 | 1,884.84 | 1,449.88 |
| November 2026 | 1,931.96 | 1,486.13 |
| December 2026 | 1,980.26 | 1,523.28 |
| When | Maximum Price | Minimum Price |
| January 2027 | 2,000.06 | 1,538.51 |
| February 2027 | 2,051.35 | 1,577.96 |
| March 2027 | 2,131.35 | 1,639.50 |
| April 2027 | 2,089.56 | 1,607.35 |
| May 2027 | 2,028.70 | 1,560.54 |
| June 2027 | 2,119.99 | 1,630.76 |
| July 2027 | 2,078.42 | 1,598.79 |
| August 2027 | 2,142.70 | 1,648.23 |
| September 2027 | 2,217.70 | 1,705.92 |
| October 2027 | 2,275.36 | 1,750.27 |
| November 2027 | 2,332.24 | 1,794.03 |
| December 2027 | 2,390.55 | 1,838.88 |
| When | Maximum Price | Minimum Price |
| January 2028 | 2,438.36 | 1,875.66 |
| February 2028 | 2,500.88 | 1,923.75 |
| March 2028 | 2,598.41 | 1,998.78 |
| April 2028 | 2,547.47 | 1,959.59 |
| May 2028 | 2,473.27 | 1,902.51 |
| June 2028 | 2,584.56 | 1,988.13 |
| July 2028 | 2,533.89 | 1,949.14 |
| August 2028 | 2,612.25 | 2,009.43 |
| September 2028 | 2,703.68 | 2,079.76 |
| October 2028 | 2,773.98 | 2,133.83 |
| November 2028 | 2,843.33 | 2,187.18 |
| December 2028 | 2,914.41 | 2,241.85 |
| When | Maximum Price | Minimum Price |
| January 2029 | 2,972.70 | 2,286.69 |
| February 2029 | 3,048.92 | 2,345.33 |
| March 2029 | 3,167.83 | 2,436.79 |
| April 2029 | 3,105.72 | 2,389.01 |
| May 2029 | 3,015.26 | 2,319.43 |
| June 2029 | 3,150.95 | 2,423.80 |
| July 2029 | 3,089.16 | 2,376.28 |
| August 2029 | 3,184.70 | 2,449.77 |
| September 2029 | 3,296.17 | 2,535.51 |
| October 2029 | 3,381.87 | 2,601.44 |
| November 2029 | 3,466.41 | 2,666.47 |
| December 2029 | 3,553.08 | 2,733.13 |
| When | Maximum Price | Minimum Price |
| January 2030 | 3,624.14 | 2,787.80 |
| February 2030 | 3,717.06 | 2,859.28 |
| March 2030 | 3,862.03 | 2,970.79 |
| April 2030 | 3,786.30 | 2,912.54 |
| May 2030 | 3,676.02 | 2,827.71 |
| June 2030 | 3,841.44 | 2,954.96 |
| July 2030 | 3,766.12 | 2,897.02 |
| August 2030 | 3,882.60 | 2,986.61 |
| September 2030 | 4,018.49 | 3,091.15 |
| October 2030 | 4,122.97 | 3,171.52 |
| November 2030 | 4,226.04 | 3,250.80 |
| December 2030 | 4,331.70 | 3,332.07 |
As we step into 2030, Brigade Enterprises is projected to see significant price fluctuations. In January, the maximum price could reach ₹3,624.14, with a minimum of ₹2,787.80. By mid-year in June, the maximum is expected to rise to ₹3,841.44, with a minimum of ₹2,954.96. As we step further into December, Brigade Enterprises could experience a high of ₹4,331.70, with the minimum settling at ₹3,332.07.
Financial Condition of Brigade Enterprises: Last 5 Years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 2,632 | 1,950 | 2,999 | 3,445 | 4,897 | 5,320 |
| Expenses + | 1,965 | 1,474 | 2,229 | 2,578 | 3,695 | 4,008 |
| Operating Profit | 667 | 476 | 770 | 866 | 1,202 | 1,312 |
| OPM % | 25% | 24% | 26% | 25% | 25% | 25% |
| Other Income + | 27 | -17 | 9 | 161 | 160 | 172 |
| Interest | 340 | 347 | 444 | 434 | 491 | 535 |
| Depreciation | 192 | 237 | 351 | 315 | 302 | 302 |
| Profit before tax | 161 | -125 | -15 | 278 | 569 | 647 |
| Tax % | 29% | -23% | 331% | 20% | 29% | |
| Net Profit + | 114 | -96 | -65 | 222 | 401 | 460 |
| EPS in Rs | 6.39 | -2.2 | 3.59 | 12.63 | 19.54 | 21.5 |
| Dividend Payout % | 31% | -55% | 42% | 16% | 10% |
The financial performance of Brigade Enterprises Ltd from March 2020 to March 2024 reveals a dynamic growth trajectory, despite some challenges during the early pandemic years. The company’s sales witnessed a significant upward trend, increasing from ₹2,632 crore in March 2020 to ₹4,897 crore in March 2024, with the trailing twelve months (TTM) showing further growth to ₹5,320 crore. This growth highlights the company’s ability to expand its market presence and capitalize on opportunities in the real estate sector.
Operating profit (OP) similarly improved, rising from ₹667 crore in March 2020 to ₹1,202 crore in March 2024, reflecting stable operating profit margins (OPM) around 25% throughout the period. This consistency in OPM underscores Brigade Enterprises Ltd’s ability to manage operational costs efficiently as revenues expanded. Other income also saw a substantial boost from ₹27 crore in 2020 to ₹160 crore in 2024, showing effective management of additional revenue streams.
However, the company experienced financial difficulties in the form of net losses during the pandemic years. The year 2021 was particularly challenging, with a loss of ₹96 crore and a profit before tax of -₹125 crore. The situation improved drastically by 2024, with profit before tax reaching ₹569 crore and net profit increasing to ₹401 crore. This turnaround is an indicator of the company’s strong recovery and ability to adapt to adverse market conditions.
Interest expenses have increased from ₹340 crore in March 2020 to ₹491 crore by March 2024, reflecting the company’s growing financing needs. Depreciation costs peaked in 2022 at ₹351 crore but stabilized at ₹302 crore in March 2024, suggesting a steadying of capital expenditures.
In terms of returns to shareholders, Brigade Enterprises Ltd demonstrated robust growth in earnings per share (EPS), moving from ₹6.39 in 2020 to ₹19.54 in 2024, highlighting improved profitability. The dividend payout, however, dropped from 31% in March 2020 to 10% in March 2024, signaling a shift towards retaining more earnings for reinvestment rather than distributing them as dividends.
Overall, Brigade Enterprises Ltd’s financial journey between 2020 and 2024 showcases resilience, with a strong recovery in profitability and operational performance despite earlier setbacks. The company is well-positioned for future growth in the real estate sector.
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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 1,295, and analysts have estimated that Brigade Enterprises price will reach ₹1,428.29 by the end of 2024.
What future is anticipated for Brigade Enterprises in 2025?
Analysts expect Brigade Enterprises’ stock price to reach Rs1,679.89 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 2027. 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 ₹2,787.80 and ₹4,331.70.
Conclusion:
In conclusion, Brigade Enterprises Ltd has established itself as a significant player in India’s real estate sector since its inception in 1986, demonstrating a commitment to excellence and innovation across various projects. The company’s shareholding pattern indicates a gradual decline in promoter stakes, while foreign institutional investors have shown increasing confidence, highlighting Brigade’s improving financial performance. Recent developments, including plans to launch new projects and successful fundraising through a Qualified Institutional Placement, further solidify its growth trajectory.
Looking ahead, Brigade Enterprises is expected to experience substantial growth in share prices from 2024 to 2030, with projections indicating significant upward momentum. The company’s strong financial condition, characterized by rising sales and stable operating profit margins, underscores its ability to capitalize on market opportunities. Overall, Brigade Enterprises Ltd is poised for continued success in the real estate industry, driven by its strategic initiatives and commitment to quality and sustainability.
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 Latest News on Brigade Enterprises Ltd
- 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:
