Brigade Enterprises Ltd
About
Brigade Enterprises entered the Indian real estate market in 1986 with 5 workers. Today, led by Pavitra Shankar and Nirupa Shankar, the group offers services in the residential, commercial, retail, and hospitality sectors. Its projects can be found in cities like Bangalore, Chennai, Hyderabad, Kochi, GIFT City, and Mysore. Some of its notable projects include the Orion Mall, Holiday Inn Hotel, and Four Points by Sheraton in Bangalore. The group is dedicated towards the arts, as is shown by the Indian Music Experience Museum. It is a one-of-a-kind interactive museum in India, spread over 50,000 sq. ft., offering educational programs, performances, and exhibits of various facets of Indian music. The Brigade Real Estate Accelerator Program (REAP) is committed to driving innovation and sustainability in real estate and has mentored more than 66 startups for the same cause.
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Financial Data 2024
Fortune India Coverage
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 5875 24.6% | 4715 34.9% | 3494 29.0% | 2708 -12.2% | 3085 -16.8% | 3707 84.0% | 2015 -1.9% | 2054 -9.7% | 2274 32.9% | 1712 47.2% | 1163 74.4% | 667 0.0% | 667 -1.7% | 678 72.0% | 394 -10.3% | 439 - |
| Net Operating Income (INR Cr) | 4897 42.16% | 3445 14.87% | 2999 53.79% | 1950 -25.92% | 2632 -11.46% | 2973 56.69% | 1897 -6.27% | 2024 -0.68% | 2038 55.47% | 1311 38.45% | 947 15.08% | 823 34.21% | 613 27.17% | 482 48.46% | 325 -7.18% | 350 -24.08% |
| Profit (INR Cr) | 452 55.0% | 291 252.1% | 83 - | -46 - | 131 -45.6% | 240 72.4% | 139 -9.1% | 153 23.5% | 124 30.2% | 95 3.5% | 92 50.2% | 61 7.5% | 57 -52.8% | 121 154.2% | 47 -45.4% | 87 - |
| Assets (INR Cr) | 9275 16.3% | 7974 0.1% | 7967 3.8% | 7672 6.4% | 7207 14.2% | 6312 4.0% | 6072 31.7% | 4611 8.9% | 4236 33.6% | 3170 30.9% | 2422 -1.7% | 2464 10.4% | 2233 1.3% | 2204 22.7% | 1796 16.8% | 1538 - |
| Net Worth (INR Cr) | 3641 12.5% | 3237 11.6% | 2902 24.0% | 2339 2.9% | 2273 5.2% | 2161 -5.2% | 2279 35.1% | 1687 10.3% | 1530 12.7% | 1357 6.0% | 1280 5.6% | 1212 3.9% | 1166 3.7% | 1125 9.3% | 1029 3.2% | 997 7.6% |
| Employee Cost (INR Cr) | 318 18.4% | 268 29.7% | 207 37.1% | 151 -30.2% | 216 15.0% | 188 21.6% | 155 7.8% | 143 14.5% | 125 19.5% | 105 14.6% | 91 20.8% | 76 27.2% | 60 28.3% | 46 39.1% | 33 14.9% | 29 - |
| Interest Cost (INR Cr) | 491 | 434 | 444 | 347 | 340 | 279 | 259 | 246 | 199 | 131 | 113 | 90 | 60 | 99 | 74 | 46 |
| Cash & Bank Balance (INR Cr) | 1737 | 1478 | 945 | 559 | 305 | 222 | 147 | 136 | 109 | 83 | 38 | 47 | 49 | 45 | 40 | 44 |
| Total Debt (INR Cr) | 5470 | 4634 | 4906 | 5005 | 4522 | 3785 | 3390 | 2576 | 2459 | 1663 | 1021 | 1057 | 851 | 920 | 767 | 540 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 7.7% | 6.2% | 2.4% | - | 4.2% | 6.5% | 6.9% | 7.5% | 5.5% | 5.6% | 7.9% | 9.2% | 8.5% | 17.8% | 12.0% | 19.8% |
| Profit As % Of Assets | 4.9% | 3.7% | 1.0% | - | 1.8% | 3.8% | 2.3% | 3.3% | 2.9% | 3.0% | 3.8% | 2.5% | 2.6% | 5.5% | 2.6% | 5.6% |
| Profit As % Of Networth | 12.4% | 9.0% | 2.9% | - | 5.8% | 11.1% | 6.1% | 9.1% | 8.1% | 7.0% | 7.2% | 5.1% | 4.9% | 10.7% | 4.6% | 8.7% |
| Interest Cost to EBITDA % | 41.1% | 50.5% | 62.5% | 87.7% | 53.0% | 35.3% | 47.8% | 42.9% | 40.6% | 34.3% | 37.9% | 43.0% | 42.3% | 65.1% | 98.8% | 79.6% |
| Debt to Equity Ratio | 1.50 | 1.43 | 1.69 | 2.14 | 1.99 | 1.75 | 1.49 | 1.53 | 1.61 | 1.23 | 0.80 | 0.87 | 0.73 | 0.82 | 0.75 | 0.54 |
| RONW | 11.7% | 6.4% | 2.7% | - | 5.7% | 12.7% | 6.7% | 10.4% | 9.6% | 8.7% | 7.1% | 5.0% | 5.0% | 11.2% | 4.6% | 9.0% |
| ROCE | 12.2% | 8.2% | 6.1% | 3.9% | 8.0% | 11.8% | 8.9% | 11.5% | 11.5% | 10.9% | 9.7% | 6.1% | 5.8% | 13.1% | 7.5% | 9.7% |