Premium Residential Project Launched Across 10 Acres with Rs 225 Crores Development Value After Major Expansion Agreement
With a PE ratio of 38x, the company's shares trade at a premium compared to the industry PE of 31.4x. The company has a ROCE of 12.7 per cent and an ROE of 11.7 per cent.
Brigade Enterprises Ltd has unveiled plans for a substantial expansion in Mysuru through a Joint Development Agreement for a high-end residential project. This development will span 10 acres and 37 guntas, with a gross development value of Rs. 225 crores. The project will comprise a blend of premium plots and flats, with a total development potential of 0.37 million square feet.
Strategically located, this project stands to offer homebuyers a balance of luxury and convenience, leveraging the improved connectivity offered by the Bengaluru-Mysuru expressway. Pavitra Shankar, Managing Director of Brigade Enterprises Ltd., underscored Mysuru's potential as a growth centre, owing to its cultural vibrancy and burgeoning infrastructure. The project seeks to establish new standards in quality and innovation, mirroring Brigade's vision to develop premium residential spaces that resonate with the evolving expectations of Mysuru's inhabitants.
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Established in 1986, Brigade Enterprises Ltd. is a leading real estate developer headquartered in Bengaluru, with operations spanning across South India. The company has successfully completed over 280 buildings, encompassing more than 86 million square feet of developed space. Its business divisions comprise Real Estate, Lease Rentals, and Hospitality. The Real Estate division, contributing 72 per cent of its business, encompasses residential, commercial, and plotted developments.
Brigade's commercial portfolio includes office spaces and co-working facilities, boasting prestigious clients such as KPMG and Airtel. The Lease Rentals division, accounting for 19 per cent of business, involves leasing commercial and retail properties with a high occupancy rate. The Hospitality division, constituting 9 per cent of the business, comprises eight operational hotels with an occupancy rate of 72 per cent. Brigade is dedicated to broadening its footprint in Bengaluru, Chennai, and Hyderabad, with an ambitious plan to launch 16.09 million square feet of new projects in FY25.
As of April 8, 2025, the current stock price of Brigade Enterprises Ltd. stands at Rs 923. The 52-week high has been Rs 1431.75, and the 52-week low has touched Rs 852. Key public shareholders include Manjula M K, holding 2.75 per cent, M G Suraj (huf), holding 1.32 per cent, and M G Suraj, also holding 1.32 per cent. The Market Capitalisation of the company is Rs 23,208 crore, and the stock price has yielded returns of 3.33 per cent in the past year and 86.62 per cent over the past three years.
With a PE ratio of 38x, the company's shares trade at a premium compared to the industry PE of 31.4x. The company has a ROCE of 12.7 per cent and an ROE of 11.7 per cent. The company has maintained a healthy dividend payout of 22.6 per cent. Investors are advised to monitor this Mid-Cap stock.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice.