Develops and sells residential and commercial real estate in South India, primarily Bengaluru, Chennai, Hyderabad and Mysuru, with a FY26 real estate segment revenue of INR 2,120.84 cr (80.8% of period segment revenue). The leasing business, which rents office space to commercial tenants, earned INR 503.34 cr in FY26, with GCCs accounting for 58% of the leased portfolio and portfolio occupancy at 88.25%. FY26 residential pre-sales were INR 7,424 cr, with Q4 FY26 pre-sales of INR 2,521 cr on 4 mn sq ft of new launches. Operates a hospitality business through the separately listed Brigade Hotel Ventures, where FY26 occupancy was 78%. Has an FY27 launch pipeline of 11.6 mn sq ft at INR 11,900 cr GDV and has earmarked INR 6,000 cr of capex over four years for a 10 mn sq ft commercial pipeline, partly via a 50:50 JV with Bain for a 10.8-acre Whitefield mixed-use project (2 mn sq ft office plus a 250-key hotel). At FY26 end, net debt was INR 2,278 cr with debt-to-equity of 0.27, average cost of debt at 7.57%, and 88% of debt backed by lease rentals. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Real estate (81%), Leasing (19%). Asset-heavy South India real estate developer with a development (residential) core and a recurring-rental (commercial leasing) arm, plus a separately listed hospitality subsidiary
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2,999 | 3,445 | 4,897 | 5,074 | 5,697 |
| EBITDA (ex other income) | 710 | 904 | 1,194 | 1,414 | 1,414 |
| margin % | 23.7 | 26.2 | 24.4 | 27.9 | 24.8 |
| Owners' profit | 83 | 291 | 452 | 686 | 644 |
| EPS, as reported (₹) | 3.67 | 12.64 | 19.56 | 28.74 | 26.36 |
| ROE % · ROCE % | (2.3) · 5.6 | 7.1 · 9.3 | 11.3 · 12.0 | 11.5 · 12.8 | 9.6 · 9.9 |
| Debt / equity (x) | 1.68 | 1.45 | 1.50 | 0.89 | 0.81 |
| Cash from operations | 1,032 | 966 | 334 | 995 | (137) |
| Capex | (208) | 0 | 0 | 0 | (1,739) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,072 | 1,464 | 1,460 | 1,281 | 1,383 | 1,575 | 1,458 | 1,116 |
| Profit before tax | 166 | 289 | 306 | 194 | 196 | 270 | 244 | 286 |
| Net profit | 115 | 236 | 249 | 158 | 170 | 206 | 191 | 217 |
| EPS (₹) | 4.94 | 9.98 | 10.35 | 6.13 | 6.65 | 7.63 | 5.95 | 6.14 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| Real estate | 995 | 17.0 |
| Hospitality | 596 | 10.2 |
| Leasing | 1,297 | 22.1 |
| Real Estate | 2,974 | 50.7 |
| Total, before eliminations | 5,863 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| DLF LIMITED | 1,59,533 | 35.9 | 3.51 | 48.1 | 9.7 | 6.0 | 8.6 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 4 Sept 2026 · Brigade launches Brigade Barcelona in Hyderabad; Rs 2,700 cr revenue potential | business updates | high | — | — |
| 4 Sept 2026 · Brigade launches Brigade Barcelona in Hyderabad with Rs 2,700 crores revenue potential | business updates | high | — | — |
| 1 Sept 2026 · Brigade incorporates two wholly owned real estate subsidiaries | strategic transactions | medium | — | — |
| 1 Sept 2026 · Brigade Enterprises to meet mutual fund investors on Sep 2 | investor communications | low | — | — |
| 1 Sept 2026 · PVR INOX opens 6-screen multiplex at Brigade's Arcadia in Bengaluru | business updates | medium | — | — |
| 31 Aug 2026 · Brigade Group Enters Coimbatore with Rs 600 Cr Residential Project | business updates | high | — | — |
| 31 Aug 2026 · Brigade Enters Coimbatore with Rs 600 Crore Residential Project | business updates | high | — | — |
| 26 Aug 2026 · Brigade Enterprises to attend Elara India Dialogue on Sep 1 | investor communications | low | — | — |
| 20 Aug 2026 · Brigade Q1 FY27 earnings call: margins up sharply, FY27 guidance maintained | investor communications | medium | — | — |
| 20 Aug 2026 · Brigade leases 1.62 lakh sq ft to US firm HealthEdge at Brigade Square Thiruvananthapuram | business updates | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| 37.1 |
| LODHA DEVELOPERS LIMITED | 1,11,589 | 27.0 | 4.76 | 22.1 | 14.6 | 15.7 | 25.1 | 40.5 |
| THE PHOENIX MILLS LTD | 67,594 | 52.8 | 4.73 | 26.2 | 10.9 | 9.9 | 32.7 | 63.4 |
| PRESTIGE ESTATE LTD | 64,519 | 56.6 | 3.85 | 18.5 | 7.8 | 6.8 | 11.8 | 38.1 |
| OBEROI REALTY LIMITED | 63,306 | 20.8 | 3.53 | 18.2 | 14.0 | 15.5 | 24.0 | 61.1 |
| GODREJ PROPERTIES LTD | 52,653 | 32.9 | 2.72 | 23.7 | 9.5 | 11.4 | 46.3 | 107.7 |
| ANANT RAJ LIMITED | 21,490 | 36.2 | 3.69 | 29.3 | 9.6 | 10.2 | 58.7 | 32.1 |
| BRIGADE ENTER. LTD ◆ | 20,941 | 24.4 | 2.78 | 15.7 | 9.6 | 6.8 | 23.9 | 41.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 24.4 | 21.8 | 34 of 57 | 41% |
| P/B | 2.8 | 2.1 | 42 of 64 | 35% |
| ROCE | 6.8 | 6.8 | 33 of 67 | 52% |
| ROE | 9.6 | 8.2 | 27 of 67 | 61% |
| Debt / Equity | 0.8 | 0.4 | 57 of 67 | 15% |
| EBITDA margin | 42.0 | 29.6 | 15 of 66 | 79% |
| Revenue growth | (12.9) | 12.8 | 52 of 67 | 23% |
| Profit growth | 37.4 | 7.5 | 22 of 66 | 68% |
| Market cap | 20941 | 2250 | 8 of 67 | 89% |
| A rating (BUY / ADD / REDUCE / SELL) |
| A state: the latest filed quarter and the measured reactions |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
