Synopsis: Godrej Properties posted strong Q4 results with revenue up 63% YoY to ₹3,458 crore and profit up 71% to ₹645 crore. Brokerages set targets up to ₹2,600, while FY27 guidance targets ₹48,000 crore launches and ₹39,000 crore bookings.
This Mid-Cap Realty Stock, engaged in residential and commercial real estate development, focusing on sustainable projects, urban housing, premium developments, and integrated township communities across India, is in focus after the company reported its March quarterly results and announced a dividend of Rs. 10 per share, while brokerages shared positive views on its future outlook.
With a market capitalization of Rs. 54,880.05 crore, the shares of Godrej Properties Limited were currently trading at Rs. 1,818 per equity share, down nearly 4.31 percent from its previous day’s close price of Rs. 1,899.80.
What is the News?
BofA, a prominent brokerage firm, has recommended a “Buy” call on Godrej Properties Limited with a target price of Rs. 2,600 per share, indicating an upside potential of 43.01 percent from its current price of Rs. 1,818 per share.
Bank of America maintains a Buy on Godrej Properties, citing a strong FY26 finish and FY27 guidance that exceeds expectations, indicating sustained growth momentum. The company’s healthy bookings outlook supports revenue visibility, while its focus on improving profitability underpins a targeted 20% ROE by FY28. Together, these factors reinforce confidence in execution and position the company for continued earnings growth and potential valuation upside over the medium term.
Additionally, Jefferies has recommended a “Buy” call on Godrej Properties Limited with a target price of Rs. 2,475 per share, indicating an upside potential of 36.14 percent from its current price of Rs. 1,818 per share.
Jefferies maintains a Buy on Godrej Properties, driven by strong pre-sales momentum and rising construction activity, which should sustain growth visibility. The company’s focus on achieving ~20 percent ROE and a free cash flow turnaround by FY28 underpins its improving financial profile. Additionally, the recent promoter stake increase and dividend payout signal management confidence, reinforcing a positive outlook and supporting potential valuation re-rating over the medium term.
Further, Investec has recommended a “Hold” call on Godrej Properties Limited with a target price of Rs. 1,986 per share, indicating an upside potential of 9.24 percent from its current price.
Investec downgrades Godrej Properties to Hold, citing fair valuations despite strong fundamentals. Robust presales momentum and solid execution continue to support collections, but limited upside at current levels tempers enthusiasm, suggesting the stock may consolidate in the near term.
Q4 FY26 Result Walkthrough
Coming into the quarterly results of Godrej Properties Limited, the company’s consolidated revenue from operations increased by 62.96 percent YOY, from Rs. 2,122 crore in Q4 FY25 to Rs. 3,458 crore in Q4 FY26, and grew by 594.38 percent QoQ from Rs. 498 crore in Q3 FY26.
In Q4 FY26, Godrej Properties Limited’s consolidated net profit increased by 70.63 percent YOY, reaching Rs. 645 crore compared to Rs. 378 crore during the same period last year. As compared to Q3 FY26, the net profit has increased by 232.47 percent, from Rs. 194 crore.
The basic earnings per share increased by 70.19 percent and stood at Rs. 21.58 as against Rs. 12.68 recorded in the same quarter in the previous year, FY2025.
Dividend: Godrej Properties Limited’s board of directors has recommended paying a final dividend of 200 percent on the face value of paid-up equity shares of Rs. 5 each for the financial year 2025-26, amounting to Rs. 10 per equity share.
Annual Performance of FY26
Godrej Properties Limited’s revenue has increased from Rs. 4,923 crore in FY25 to Rs. 5,131 crore in FY26, which has grown by 4.23 percent. The net profit has also grown by 32.54 percent from Rs. 1,389 crore in FY25 to Rs. 1,841 crore in FY26.
Godrej Properties Limited’s revenue and net profit have grown at a CAGR of 31.59 percent and 43.65 percent, respectively, over the last five years. In terms of return ratios, the company’s ROCE and ROE stand at 8.28 percent and 10.2 percent, respectively. Godrej Properties Limited has an earnings per share (EPS) of Rs. 61.4, and its debt-to-equity ratio is 0.83x.
Management Guidance
Godrej Properties has outlined a strong FY27 guidance, reflecting confidence in sustained demand and execution. The company targets a launch value of Rs. 48,000 crore and a booking value of Rs. 39,000 crore, indicating continued growth momentum. Customer collections are expected to rise to Rs. 24,000 crore, supporting cash flows and balance sheet strength. Overall, the guidance highlights a focus on scale, steady demand, and improved financial performance in the coming year.
Company Overview
Godrej Properties Limited is a major Indian real estate developer and the real estate arm of the Godrej Group. Founded in 1990 and headquartered in Mumbai, the company integrates the group’s legacy of innovation, sustainability, and trust into residential, commercial, and township developments across India.
Godrej Properties operates in over a dozen Indian cities, including Mumbai, Delhi NCR, Bengaluru, Pune, Hyderabad, Chennai, and Kolkata. As of FY 2025, it managed a development portfolio exceeding 250 million sq. ft. The company’s projects span luxury residential complexes, mixed-use townships, office spaces, and retail hubs. Notable developments include Godrej BKC in Mumbai, Godrej Woods in Noida, and Godrej Park World in Pune.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
