Godrej Properties Ltd (GODREJPROP)

Godrej Properties Set to Benefit from Higher PMAY Allocation - 24 Jul, 2024

Godrej Properties is among the middle-income housing players that are predicted to benefit from a higher allocation of ₹30,170 crore for FY25 under Pradhan Mantri Awas Yojna (PMAY), according to CLSA.

Godrej Properties Shares Fall After Budget Speech - 23 Jul, 2024

Godrej Properties Ltd's stock dropped by 2-6% along with other major real estate companies such as DLF Ltd, Oberoi Realty, and Brigade Enterprises after the Union Budget speech. Despite tax rate cuts, profit booking is being seen after significant gains this year.

Godrej Properties Recommended by Analysts - 22 Jul, 2024

Analysts at Fisdom and Axis Securities recommend Godrej Properties as a stock to watch due to expected benefits from increased funding for affordable housing and urban infrastructure development.

Godrej Properties Promoter Group Completes Realignment - 20 Jul, 2024

The promoter group and promoters of Godrej Properties have completed the realignment pursuant to the Family Settlement Agreement dated April 30, 2024.

Godrej Properties Promoter Group Completes Realignment - 19 Jul, 2024

The promoter group and promoters of Godrej Properties have completed the realignment pursuant to the Family Settlement Agreement dated April 30, 2024.

RKN Enterprises Sells Stakes in Godrej Properties and Agrovet - 12 Jul, 2024

Rishad Naoroji-owned RKN Enterprises has sold a 1.43% stake in Godrej Properties and a 2.16% stake in Godrej Agrovet for ₹1,321 crore and ₹333 crore respectively through open market transactions. Freyan Crishna Bieri, Jamshyd Naoroji Godrej, Navroze Jamshyd Godrej, Nyrika Holkar , and Smita Godrej Crishna were the buyers in both companies.

Godrej Properties' Promoter Entity Sells Stakes Worth Rs 1,652 Crore - 11 Jul, 2024

RKN Enterprises, owned by Adi Godrej's cousin Rishad Naoroji, has divested its stakes in Godrej Properties and Godrej Agrovet for Rs 1,652 crore. Additionally, it sold its entire equity (2.07%) in Godrej Properties Ltd. for Rs 1,321 crore via open market transactions.

Godrej Properties Trades Significantly Below Estimated Fair Value - 09 Jul, 2024

Despite challenges in debt coverage, Godrej Properties shows robust prospects with expected earnings growth of 35.9% annually over the next three years and revenue growth projections surpassing 20% annually. Recent acquisitions in Bengaluru and Pune underline aggressive expansion, enhancing future revenue potential significantly to approximately INR 30 billion combined.

Godrej Properties Ltd's Shareholder Naoroji Valued at Nearly Rs 7,000 Crore - 08 Jul, 2024

Environmental activist and shareholder Pheroze Jamshed Godrej Naoroji has shares in entities like Godrej Agrovet, Godrej Consumer, Godrej Properties, besides Godrej Industries, valuing his shareholding at nearly Rs 7,000 crore.

Godrej Properties Appears Undervalued Despite Strong Financial Performance - 05 Jul, 2024

Godrej Properties is trading significantly below its estimated fair value, but has shown strong financial performance with notable increases in net income and revenue growth outpacing the market. Recent results show robust year-over-year gains in sales and net income, reinforcing its growth trajectory amidst a competitive Indian real estate market.

Godrej Properties Undervalued Despite Strong Operational Performance - 04 Jul, 2024

Godrej Properties is undervalued based on discounted cash flow analysis, with shares priced significantly below fair value estimate. The company's earnings are expected to grow by 35.7% annually over the next three years, outpacing the Indian market average. Recent financials show a robust increase in net income and sales for FY24, indicating strong operational performance and potential for continued growth in shareholder value.

Godrej Properties Undervalued Despite Revenue Growth - 03 Jul, 2024

Godrej Properties is trading significantly below its DCF-derived fair value of ₹5737.83 despite robust revenue growth of 31.7% annually. However, concerns remain over debt coverage and low Return on Equity.

Godrej Properties Sells Over 2,000 Homes Worth Rs 3,150 Crore - 02 Jul, 2024

Godrej Properties achieved over 500% quarter-on-quarter growth by selling over 2,000 homes worth Rs 3,150 crore at its Godrej Woodscapes project in Bengaluru. The company has surpassed its full-year FY24 sales in South India within the first quarter and has a robust launch pipeline for FY25.

Godrej Properties Acquires Land Parcels Worth Rs 3,000 Crore - 01 Jul, 2024

Godrej Properties plans to develop land parcels in Pune and Bengaluru with a revenue potential of roughly Rs 3,000 crore. The company is set to launch projects worth Rs 30,000 crore in FY25 across its core markets of NCR, MMR, Bengaluru, Pune, and Hyderabad.

Godrej Properties Acquires Land Parcels in Pune and Bengaluru - 30 Jun, 2024

Godrej Properties has acquired leasehold rights for an 11-acre land parcel in Pune with a revenue potential of ₹1,800 crore. The company has also acquired nearly 7 acres of land in Bengaluru with an estimated revenue potential of nearly ₹1,200 crore.

Godrej Properties Reports Strong Pre-Sales and Acquires Land Parcel in Pune - 28 Jun, 2024

Godrej Properties reports its highest-ever pre-sales of INR225b in FY24, becoming the largest developer in terms of bookings. The company is gearing up to launch projects worth Rs 30,000 crore in FY25 across core markets. Analysts recommend buying with a target price of Rs. 3600.

Godrej Properties Undervalued Despite Robust Growth - 27 Jun, 2024

Despite robust growth and significant earnings expected over the next three years, Godrej Properties is considerably undervalued at a 33.2% discount. The company also faces financial stability risks due to poor coverage of its debt by operating cash flow. Additionally, the promoter group has informed the company about the completion of realignment in July 2024.

Godrej Properties Favored by Morgan Stanley - 26 Jun, 2024

Morgan Stanley has highlighted the outlook for the real estate sector, favouring companies like Godrej Properties based on their attractive valuations and robust pre-sales growth expected in FY24/25.

Godrej Properties Appears Undervalued Despite Debt Concerns - 25 Jun, 2024

DCF analysis suggests Godrej Properties is undervalued with a fair value of ₹4553.24, despite concerns over debt coverage. Recent financial reports show robust growth in earnings and revenue outpacing the Indian market average, supported by strong sales results and expanded booking value in FY 2024.