Arthneeti

Godrej Properties Q2 FY27 Share Price & Earnings Call Analysis

₹1,600.00+0.82% today
Market cap
₹48,205 Cr
P/E
29.78
ROE
8.82%
PEG
0.58
Price to sales
9.27
Debt to equity
0.83
52W high / low
₹2,311 / ₹1,471
Sales growth (5Y)
46.33%
EBITDA margin
-10.84%
Net profit margin
31.17%
Promoter holding
51.66%
Sales (last year)
₹5,203 Cr

Godrej Properties Limited (GPL) is the real estate development arm of the Godrej Group, which was started in 1897 and is today one of India’s most successful conglomerates. Godrej Properties brings the Godrej Group philosophy of innovation, sustainability, and excellence to the real estate industry. [1]

Guidance scorecard · Q2 FY27 call

What Godrej Properties Ltd's management guided
and where it ranks in Realty

#7of 41 in
Realty
Revenue20–40%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookRising

RevenueQ2 FY27 call

20–40%
  • Godrej Properties aims for continued strong growth, targeting 15%-20% presales growth for FY '28, with potential to exceed if market conditions allow.
  • The company expects INR22,500-25,000 crores in sales in H2 FY '27, implying a 40% 5-year compounded growth in bookings.
  • Launches and sustenance sales mix expected to hover around 60:40, with launches showing potential to outperform sustenance if approvals come on time.
  • Market share is currently about 5%, with ambitions to expand through selective project additions in high-performing micro markets like Bangalore, Mumbai, Noida, and Gurgaon.
  • Significant growth opportunities remain given the sector size (INR9-10 lakh crores) and ongoing geographic expansion.

2 more points from Godrej Properties Ltd's call on revenue

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Full Q2 FY27 analysis

MarginsQ2 FY27 call

Flat

See what Godrej Properties Ltd said on margins — free account, 30 seconds.

Full Q2 FY27 analysis

CapexQ2 FY27 call

Planned
  • Godrej Properties has significantly increased construction costs incurred, indicating accelerated capital investment in ongoing projects.
  • The company is focused on driving construction to enable faster Occupation Certificate (OC) issuance and actual handovers.
  • There is continued investment in adding new projects; four projects were added in H1 FY27 with ~9 million sq. ft. salable area and booking value of INR15,500 crores, achieving 78% of full-year guidance.
  • Future launches planned include ~INR32,000 crores worth projects in H2 FY27 with approvals largely secured or in final stages.
  • The strategy emphasizes entering new micro markets within existing cities rather than rushing into new cities like Chennai.

2 more points from Godrej Properties Ltd's call on capex

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Full Q2 FY27 analysis

FundraisingQ2 FY27 call

See what Godrej Properties Ltd said on fundraising — free account, 30 seconds.

Full Q2 FY27 analysis

Order bookQ2 FY27 call

Rising
  • The company has added four projects in the first half of the financial year with an estimated saleable area of about 9 million square feet and expected booking value of approximately INR15,500 crores, achieving 78% of the full-year guidance.
  • Total launches planned for the second half are about INR32,000 crores, with 80% of quarter 3 approvals already secured and most quarter 4 approvals expected by early to mid-January.
  • Sustenance sales in the recent quarter were around INR5,000 crores and expected to continue, though exact future numbers depend on available bandwidth.

2 more points from Godrej Properties Ltd's call on the order book

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Full Q2 FY27 analysis
Full Realty ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Realty
on management's own guidance

  1. Sobha LtdGood growth
    2
  2. Strong growth
    1
  3. Man Infraconstruction LtdGood growth
    3
See all potential multibaggersWhere does Godrej Properties Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Realty companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Flat₹12,035 Cr41.1
2Sobha Ltd20–40%Up 2%+₹12,548 Cr54.4
3Man Infraconstruction Ltd20–40%Up 2%+₹4,602 Cr21.2
420–40%Up 2%+₹1,157 Cr12.7
520–40%Flat₹1.06L Cr25.6
620–40%Flat₹61,922 Cr23.4

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Financials of Godrej Properties Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Godrej Properties Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +58.48%58.48%58.47%58.47%46.50%46.67%46.70%47.05%47.17%51.66%51.66%51.66%
FIIs +29.73%29.67%29.91%28.33%30.85%30.54%30.54%28.31%28.15%26.17%25.32%24.37%
DIIs +4.69%5.56%5.62%7.12%9.41%9.33%9.07%10.42%10.78%8.19%9.03%9.70%
Public +7.10%6.31%5.98%6.08%13.27%13.46%13.70%14.22%13.92%13.98%14.02%14.27%
No. of Shareholders1,41,0351,32,1521,33,4021,38,2741,49,2181,63,4701,72,9141,88,9891,81,2771,89,6911,89,1781,97,705

Financials of Godrej Properties Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +3433301,4267391,0939692,1224357404983,4585061,935
Expenses +4383971,3039261,0649602,0477051,3366952,9368002,404
Operating Profit-95-66123-18729975-270-596-197522-294-469
OPM %-28%-20%9%-25%2.6%1.0%3.5%-62%-80%-40%15%-58%-24%
Other Income +2622185269602532715591,1861,210514434839640
Interest48433141454246332231523637
Depreciation7141617181821222632363035
Profit before tax1119560171621922056786156625586948098
Tax %35%34%20%28%-52%28%33%30%29%24%26%27%-48%
Net Profit +7363478519334158378598403194645349145
EPS in Rs2.402.2416.9518.7012.065.4012.6819.9213.456.4821.5811.625.12

Financials of Godrej Properties Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +1,8432,1231,5831,6042,8172,4417651,8252,2523,0364,9235,1316,398
Expenses +1,5861,9861,3301,8192,6392,1811,2141,8802,0453,1654,9975,5856,835
Operating Profit257137253-216178260-449-56207-130-74-453-437
OPM %14%6%16%-13%6%11%-59%-3.0%9%-4.3%-1.5%-9%-7%
Other Income +831461504994194735687617871,3262,0443,2562,428
Interest541104150234220185167174152174137156
Depreciation1014141614212021244574116133
Profit before tax326228284117348493-865167951,0001,7232,5511,702
Tax %28%30%27%26%27%44%121%32%22%25%19%28%
Net Profit +23616020787253274-1893516217471,3891,8411,334
EPS in Rs9.587.339.564.0111.0410.73-6.8212.6820.5526.0846.4861.4344.80
Dividend Payout %21%0%0%0%0%0%0%0%0%0%0%16%

Financials of Godrej Properties Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital100108108108115126139139139139151151151
Reserves1,7471,6571,8961,1022,3544,6788,1818,5369,1259,85317,16219,00519,208
Borrowings +3,4863,1233,9803,7033,5163,7154,5425,1966,43110,67912,64115,89420,026
Other Liabilities +2,0301,6911,1973,3582,1071,5863,3853,9327,41015,06325,49646,54053,629
Total Liabilities7,3636,5787,1818,2718,09210,10616,24717,80423,10535,73555,45081,59093,013
Fixed Assets +117107102113971131741832189971,2711,7081,832
CWIP731071100163229340653250116172139
Investments06647601,4542,6373,5715,2434,8832,5343,1505,9515,5118,229
Other Assets +7,1735,8076,3196,6335,2596,25910,60012,39719,70031,33748,11274,19982,814
Total Assets7,3636,5787,1818,2718,09210,10616,24717,80423,10535,73555,45081,59093,013

Financials of Godrej Properties Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +-941490-5661,155478-232-671-452-2,861-693-2,242-2,003
Cash from Investing Activity +-9619114-973-971-1,721-3,3171272,564-1,974-4,273664
Cash from Financing Activity +852-554335-4939701,9744,2592358323,2586,710938
Net Cash Flow-184126-217-31147622271-90536591194-402
Free Cash Flow-951466-5751,005404-295-797-592-3,161-1,386-2,450-2,382
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit-320%435%-161%-568%290%-79%153%469%-1,301%330%2,689%359%

Financials of Godrej Properties Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days3430533621651143858373239
Inventory Days5,457495
Days Payable45756
Cash Conversion Cycle3430535,035461651143858373239
Working Capital Days309185262-251-128-32912476533602612547
ROCE %5%5%7%1%10%9%1%5%6%6%7%8%

Guidance history

How Godrej Properties Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q2 FY27 call →20–40%FlatPlanned—Rising
Q1 FY27 call →20–40%FlatPlannedPlannedRising
Q4 FY26 call →20–40%FlatPlanned—Rising
Q3 FY26 call →10–20%FlatPlanned—Rising

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

12out of 100

Momentum score · price trend

12 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months−30.8%22%
Last 6 months−12.8%32%
Last 3 months−24.2%9%

The price is 51.2% below its all-time high of ₹3,281.7 (5 Jul 2024). Stocks more than 20% below their peak have their score halved, so 23 became 12.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Godrej Properties Ltd: 0.4 × 22 + 0.4 × 32 + 0.2 × 9 = 23, halved to 12 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Godrej Properties Ltd's management said in earlier quarters

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