Rs 950 Crore Development: This multibagger construction company has acquired a 4.4-acre land parcel in Whitefield, East Bengaluru
With a PE ratio of 38x, the company trades at a premium compared to the industry PE of 31.4x.
Brigade Enterprises Limited, a prominent real estate developer in India, has announced a strategic land acquisition in Whitefield, East Bengaluru. The company has acquired a 4.4-acre parcel to develop a premium residential project with a total development potential of 0.6 million square feet and a Gross Development Value of approximately Rs 950 crore. This project is set to feature state-of-the-art amenities and high-end specifications, offering a mix of spacious flats designed to meet the needs of contemporary families. Pavitra Shankar, Managing Director of Brigade Enterprises Limited, stated, 'This project will not only enhance our portfolio but also offer an exceptional living experience for our customers. Strategically, this land parcel aligns perfectly with our vision for premium residential development.' The development is expected to benefit from Whitefield's excellent connectivity and thriving social infrastructure, setting new benchmarks in the segment.
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Brigade Enterprises Limited, established in 1986, is a leading real estate developer based in Bengaluru, with operations expanding across South India. The company has completed over 280 buildings, totalling more than 86 million square feet of developed space across residential, commercial, retail, and hospitality sectors. Brigade's business segments include real estate, which accounts for 72 per cent of its portfolio; lease rentals, 19 per cent; and hospitality, 9 per cent.
The company has a strong presence in cities like Bengaluru, Chennai, Hyderabad, and Mysuru, with a focus on premium residential and commercial developments. Brigade is among the top 10 listed developers in India by market capitalisation and has served over 40,000 customers. The company is actively expanding its land bank, with a total developable area of 56 million square feet, primarily in Bengaluru and Chennai. Brigade is poised for growth, with plans to launch 16.09 million square feet of new projects in FY25, including residential, commercial, and hotel spaces.
As of March 24, 2025, the stock price of Brigade Enterprises Limited is Rs 992.95. The 52-Week High is Rs 1431.75, and the 52-Week Low is Rs 911.25. The Market Capitalisation of the company stands at Rs 24,234 crore while the stock price has given 3.33 per cent returns in the last one year and 86.62 per cent returns in the last 3 years.
With a PE ratio of 38x, the company trades 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 been maintaining a healthy dividend payout of 22.6 per cent.
Investors should keep an eye on this Mid-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.