1350.35 -25.00 (-1.82%)
NSEJan 22, 2021 03:31 PM
The 1 reports from 1 analysts offering long term price targets for Godrej Properties Ltd. have an average target of 1164.00. The consensus estimate represents a downside of -13.80% from the last price of 1350.35.
|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2020-11-26||Godrej Properties Ltd. +||HDFC Securities||1165.45||1164.00||1165.45 (15.87%)||Target met||Accumulate|
We believe GPL only constrains itself, and that is its biggest strength or weakness. Given recent run up we initiate coverage on the stock with an ADD recommendation and SOTP of Rs 1,164/sh (40% NAV premium). Godrej Properties Ltd (GPL) is a sectoral bell-weather with an innate capacity to build homes. Over the years, it has metamorphosed into a seamless home manufacturing machine with the shortest production time from land acquisition to approvals to launches and sales. In this journey, it has gained market share and emerged a crucial challenger in the respective micro-markets; it is on its way to becoming a leader. Given strong brand, robust financial capacity and strong execution capabilities, landowners/Tier 2 developers have been partnering with GPL for JV opportunities. The growth journey is expected to crystallise further with the regulatory landscape changing over the years, in favour of organised developers.
|2018-05-04||Godrej Properties Ltd. +||JM Financial||780.00||880.00||780.00 (73.12%)||Target met||Buy|
Stable Operations; capital raise to improve growth profile GPL reported robust 4Q operational performance with pre-sales at INR10bn which was driven by Sohna Road project and sustenance sales. However reported margin was impacted by INR 1.5bn write-off taken in legacy commercial assets (Kolkata /Chandigarh). With improvement in 4QFY18 operations, GPL has achieved a pre-sales of 6.3msf/INR 50.8bn for FY18. Net debt declined by INR2bn during the quarter as company collections improved to INR 12.8bn (from INR 9bn in 3QFY18). Company is planning to raise INR 10bn through preferential issue resulting in 5.5% dilution. We believe the raised capital will enable company to increase...
|2018-02-07||Godrej Properties Ltd. +||Axis Direct||793.00||832.00||793.00 (70.28%)||Target met||Hold|
Q3 pre-sales were strong at Rs 12.2 bn (GPL's share at ~Rs 5 bn) on launches in NCR, Mumbai and Bangalore. Pre-sales/ collections of Rs 40 bn/28 bn in 9MFY18 already make it a record year for GPL's residential business. Pre-sales in Q3 were driven by its BKC project (Rs 4.25 bn @ Rs 34,421 psf)
|2017-11-09||Godrej Properties Ltd. +||Axis Direct||694.50||670.00||694.50 (94.43%)||Target met||Neutral|
After record pre-sales in Q1, Godrej Properties (GPL) continued to post strong pre-sales in Q2 at Rs 13.4 bn (GPL's share at Rs ~6 bn) on new launches in Bangalore and strong performance in Pune, Mumbai and NCR projects. Collections remained strong at Rs 7.4 bn.
|2017-08-09||Godrej Properties Ltd. +||Axis Direct||501.00||669.00||501.00 (169.53%)||Target met||Buy|
Despite weak sentiments on account of GST and RERA, Godrej Properties (GPL) reported highest-ever sales in its residential projects, leading to strong pre-sales of Rs 14.7 bn (GPLs share at Rs 9.6 bn) in Q1.
|2017-05-15||Godrej Properties Ltd. +||Axis Direct||513.85||486.00||513.85 (162.79%)||Target met||Hold|
|2016-08-10||Godrej Properties Ltd. +||Motilal Oswal||365.85||391.00||365.85 (269.10%)||Neutral|
Operationally weak quarter, led by lower realizations Motilal Oswal values your support in the Asiamoney Brokers Poll 2016 for Margins improve sequentially: Revenue grew 53% YoY to INR3b. Margins India Research, Sales and Trading team....
|2016-07-01||Godrej Properties Ltd. +||Ashika Research||361.50||415.00||361.50 (273.54%)||Target met||Buy|
Godrej Properties Limited - GODREJPROP is an India-based real estate company (headquartered in Mumbai) and is a subsidiary of Godrej Group. The company has projects in approximately 12 cities and it is involved in the development of residential and commercial real estate. Its residential portfolio consists of accommodations of varying sizes. The commercial portfolio includes building office space catering to blue-chip Indian and international companies, IT parks catering to the requirements of IT/ITES companies and retail space. Godrej Properties has been expanding its footprints at a fast pace and has sold real estate worth US $ 2.1 bn over the last four years.Ashika Stock Broking advise their investors to BUY the stock with target price of Rs. 415, valuing at P/E multiple of 25x FY18E EPS. Historically, GPL’s 5 year average P/E is 32x. So, if even we take a conservative multiple of 25x times for FY18, it is implying a target price of Rs 415.
Trendlyne has 1 report on GODREJPROP updated in the last year from 1 broker with an average target of Rs 415.
|2014-02-21||Godrej Properties Ltd. +||ICICI Securities Limited||159.95||159.95 (744.23%)|