Godrej Properties Ltd Q4 FY26 Earnings Analysis
Published 3 Jul 2026 | Realty | Market Cap: ₹63.2K Cr
Price
₹1,991
Market Cap
₹63.2K Cr
P/E Ratio
39.1
Revenue Rank
Margin Rank
Earnings Summary
The company aims for consistent 20% year-on-year growth in residential bookings, targeting over INR39,000 crores in FY27, a 20% increase over FY26 guidance. Godrej Properties aims for 20% annual growth in residential bookings and collections in FY27, building on a 16% bookings growth and 17% collections growth in FY26.
📊 Revenue & Sales Performance
Rank 2- →The company aims for consistent 20% year-on-year growth in residential bookings, targeting over INR39,000 crores in FY27, a 20% increase over FY26 guidance.
- →Business development (BD) grew 59% last year, suggesting a stronger launch pipeline and 35% higher existing inventory available for sale, supporting robust sales growth.
- →Sales growth is expected to be driven roughly equally by volume and value increases, with volumes having compounded at 20% annually over the past five years and sales nearly 40%.
- →Regional diversification with strong markets like Mumbai, Bangalore, Pune, Hyderabad, Ahmedabad, Calcutta, and NCR is expected to support growth, with NCR seeing a rebound post delays.
- →Pricing acceptance remains healthy in key markets like South and Bombay; Noida benefits from supply constraints driving price uptick.
- →The company expects to exceed guidance if market conditions remain stable, while staying cautious due to global uncertainties like AI impact and geopolitical issues.
📈 Profitability & Margins
Rank 3- →Godrej Properties aims for 20% annual growth in residential bookings and collections in FY27, building on a 16% bookings growth and 17% collections growth in FY26.
- →Operating cash flow (OCF) is expected to grow sharply in coming years, with FY28 projected to be strongly free cash flow positive.
- →The company targets a return on equity (ROE) of 20% by FY28 through faster execution and project delivery.
- →Guidance for higher earnings is based on a robust launch pipeline and strong sustenance sales.
- →FY26 EBITDA grew by 43%, and net profit grew by 32%; future growth is expected to continue driven by strong collections and project completions.
- →Imputed EBIT margin fluctuated slightly to about 24.5% in FY26 but remains within guidance.
- →Business development investments are expected to moderate from high-step jumps, facilitating steady margin and earnings expansion.
🏗️ Capital Expenditure Plans
Yes💰 Fundraising & Capital Structure
No information- →The company does not provide any explicit current or immediate plans for new fundraising through debt or equity in the quoted pages.
- →There is mention of a strong balance sheet capable of supporting further business development investments if attractive opportunities arise.
- →For FY27, free cash flow positivity is uncertain and dependent on the quantum of business development. At guided BD levels, free cash flow could be positive.
- →FY28 is expected to be strongly free cash flow positive, with significant cash generation from revenue recognition of newer projects.
- →The company indicates a strategy of steady business development investment rather than large scale future fundraising.
- →No direct commentary on planned equity issuances or debt raises is mentioned.
📋 Order Book & Pipeline
Yes- →The company provides a launch guidance of INR 480 billion for the upcoming financial year.
- →Business development last year grew by 59%, implying a stronger launch pipeline this year.
- →Existing inventory available for sale is 35% higher than last year.
- →Important launches expected in NCR, including projects in Gurgaon like Sora, Miraya, Ashok Vihar, and Greater Noida's Godrej Golf Links.
- →Launch calendar is action-packed, with strong launches skewed especially towards H1.
- →Sustenance sales contribute about 40% of total sales, with ongoing campaigns to maintain momentum.
- →Total GDV announced in FY26 was INR 42,000 crores, with major land payments done and around INR 1,500 crores still pending milestone-linked payments.
- →The company aims to grow residential bookings to over INR 39,000 crores in FY27, a 20% increase from FY26 guidance.
Key Metrics
Revenue
Margin
Capex
Fundraise
Order Book
Frequently Asked Questions
What were Godrej Properties Ltd Q4 FY26 results?
The company aims for consistent 20% year-on-year growth in residential bookings, targeting over INR39,000 crores in FY27, a 20% increase over FY26 guidance. Godrej Properties aims for 20% annual growth in residential bookings and collections in FY27, building on a 16% bookings growth and 17% collections growth in FY26.
What is Godrej Properties Ltd share price analysis?
Godrej Properties Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 39.1 with a market cap of ₹63,227 Cr. Investors should review the full earnings analysis for detailed insights.
Is Godrej Properties Ltd planning capital expenditure?
The company has significant upcoming launches and capital investments planned, including: - Launches in key projects such as Worli, Bandra, Ashok Vihar, and new significant land parcels in Vikhroli and Thane.
This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.