GODREJPROP
Godrej Properties share price & financials
- Price
- ₹1,795.9
- Market cap
- ₹60.5k Cr
- Sector
- Realty
- Calls analysed
- 7
Godrej Properties Limited Q1 FY27
What went well
- Booking value of INR8,651 crores, a 22% YoY growth, driven by strong demand in new project launches like Godrej Vanantara (INR3,237 crores) and Godrej Samaris (INR1,248 crores).
- Achieved 22% of annual guidance for booking value and 48% of annual guidance for business development in Q1 FY27.
- Collections grew by 18% YoY to INR4,348 crores, indicating healthy cash inflow from sales.
What to watch
- Operating cash flow (OCF) declined by 58% to INR399 crores in Q1 FY27.
- Total income declined by 16% to INR1,337 crores, EBITDA declined by 40% to INR545 crores, and net profit declined by 42% to INR350 crores.
What Godrej Properties Limited does
Godrej Properties develops and sells residential real estate (group housing and plotted developments) across major Indian cities, primarily through an asset-light joint development / outright land-sourcing model rather than owning large land banks outright. It also runs a small commercial (office) leasing business and operates Godrej Living, a wholly-owned post-handover community management subsidiary. The company is part of the Godrej Industries Group and carries the Godrej brand into real estate development, execution and sales.
Segments
- Residential Development
- Commercial Leasing
- Godrej Living
- Total saleable area (project portfolio)
- ~250 million sq ft
- Number of ongoing/pipeline projects
- 123
- Cities of operation
- 14 (Mumbai, NCR, Pune, Bengaluru, Hyderabad, Chennai, Ahmedabad, Kolkata, Nagpur, Indore, Chandigarh, Vadodara, Raipur, Coimbatore)
- Cumulative real estate delivered since FY18
- ~78 million sq ft
- Residential projects added via business development since FY18
- 98 projects (~187 million sq ft saleable area)
- Market position
- India's largest residential real estate developer by booking value, booking volume and collections (FY25 and FY26)
Guidance record · Q1 FY27
what the last two calls moved 20 tracked 5 delivered 1 missed 14 open- FY25 Booking Value delivered said Q3 FY25 Promised: Meeting and exceeding our guidance for the year Q1 FY27: Historical promise, no further updates required
- FY26 Collections missed said Q4 FY25 Promised: INR 21,000 crores collections Q1 FY27: Historical promise, no further updates required
- Net Debt Cap on track said Q3 FY25 Promised: Upper cap of about INR 10,000 crores of net debt Q1 FY27: Reiterated cap of INR 10,000 crores net debt, stating 'we'll work to make sure we stay within that.'
All 20 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 14.2%, net profit up 8.9% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 663 | 185 | 912 | 106 | 92 −86% | 268 +45% | 928 +2% | 121 +14% |
| EBITDA | -40 | -181 | 77 | -263 | -408 −920% | -175 +3% | -27 −135% | -260 +1% |
| Net profit | 206 | 35 | 279 | 56 | 13 −94% | 60 +71% | 219 −22% | 61 +9% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −12.1% 1Y
1Y: ₹1,989.1 on 10 Sept 2025 → ₹1,748. High ₹2,320.3 (27 Oct 2025), low ₹1,471.3 (30 Mar 2026).
How the price took the results
close before → close after
- Q1 FY27
- −2.7%
- 4 Aug
- Q4 FY26
- +3.5%
- 4 May
- Q3 FY26
- −1.3%
- 5 Feb
- Q2 FY26
- −4.3%
- 6 Nov
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 4.7% a year over 3 years, FY23 to FY26. Operating margin narrowed to -62.6%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹1.2k Cr | ₹1.3k Cr | ₹1.9k Cr | ₹1.4k Cr |
| Operating profit | ₹-97 Cr | ₹-77 Cr | ₹-341 Cr | ₹-873 Cr |
| Operating margin | -8.0% | -5.8% | -17.5% | -62.6% |
| Interest | ₹178 Cr | ₹379 Cr | ₹565 Cr | ₹542 Cr |
| Depreciation | ₹22 Cr | ₹23 Cr | ₹36 Cr | ₹70 Cr |
| Net profit | ₹433 Cr | ₹564 Cr | ₹1.0k Cr | ₹348 Cr |
| Net margin | 35.6% | 42.4% | 51.9% | 25.0% |
| ROCE | 6.0% | 5.0% | 6.0% | 3.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹139 Cr | ₹139 Cr | ₹139 Cr | ₹139 Cr | ₹151 Cr | ₹151 Cr |
| Reserves | ₹8.6k Cr | ₹9.1k Cr | ₹9.8k Cr | ₹10.4k Cr | ₹18.2k Cr | ₹17.6k Cr |
| Borrowings | ₹4.6k Cr | ₹5.2k Cr | ₹6.4k Cr | ₹10.1k Cr | ₹16.3k Cr | ₹15.2k Cr |
| Other liabilities | ₹1.6k Cr | ₹1.6k Cr | ₹3.6k Cr | ₹7.3k Cr | ₹37.5k Cr | ₹23.4k Cr |
| Total liabilities | ₹15.0k Cr | ₹16.1k Cr | ₹19.9k Cr | ₹27.9k Cr | ₹72.2k Cr | ₹56.4k Cr |
| Fixed assets | ₹163 Cr | ₹176 Cr | ₹209 Cr | ₹258 Cr | ₹1.5k Cr | ₹894 Cr |
| Capital work in progress | ₹9 Cr | ₹22 Cr | ₹99 Cr | ₹233 Cr | ₹87 Cr | ₹105 Cr |
| Investments | ₹5.3k Cr | ₹5.1k Cr | ₹3.1k Cr | ₹4.4k Cr | ₹7.1k Cr | ₹6.4k Cr |
| Other assets | ₹9.5k Cr | ₹10.8k Cr | ₹16.5k Cr | ₹23.0k Cr | ₹63.4k Cr | ₹49.1k Cr |
| Total assets | ₹15.0k Cr | ₹16.1k Cr | ₹19.9k Cr | ₹27.9k Cr | ₹72.2k Cr | ₹56.4k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs trimmed −5.22 pp while promoters added +4.96 pp. The shareholder count grew 9% to 1,89,178.
- Promoters
- 51.7%
- FIIs
- 25.3%
- DIIs
- 9.0%
- Public
- 14.0%
Since Jun 2025
- FIIs −5.22 pp
- Promoters +4.96 pp
- Public +0.32 pp
How it drifted, 12 quarters
Over this window promoters fell from 58.5% to 51.7% — −6.8 pp.
Ownership split by quarter, oldest first. Sep '23: Promoters 58.5%, FIIs 29.3%, DIIs 4.6%, Public 7.7%.Dec '23: Promoters 58.5%, FIIs 29.7%, DIIs 4.7%, Public 7.1%.Mar '24: Promoters 58.5%, FIIs 29.7%, DIIs 5.6%, Public 6.3%.Jun '24: Promoters 58.5%, FIIs 29.9%, DIIs 5.6%, Public 6.0%.Sep '24: Promoters 58.5%, FIIs 28.3%, DIIs 7.1%, Public 6.1%.Dec '24: Promoters 46.5%, FIIs 30.9%, DIIs 9.4%, Public 13.3%.Mar '25: Promoters 46.7%, FIIs 30.5%, DIIs 9.3%, Public 13.5%.Jun '25: Promoters 46.7%, FIIs 30.5%, DIIs 9.1%, Public 13.7%.Sep '25: Promoters 47.0%, FIIs 28.3%, DIIs 10.4%, Public 14.2%.Dec '25: Promoters 47.2%, FIIs 28.1%, DIIs 10.8%, Public 13.9%.Mar '26: Promoters 51.7%, FIIs 26.2%, DIIs 8.2%, Public 14.0%.Jun '26: Promoters 51.7%, FIIs 25.3%, DIIs 9.0%, Public 14.0%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Government Pension Fund Global Sovereign +0.13 pp 1.22% held
- Tata Large And Mid-Cap Fund Mutual fund +0.08 pp 1.40% held
- NRG Enterprise LLP newly disclosed 0.00% held
The same filing shows 2 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Godrej Properties Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Godrej Industries Limited | 44.77% | unchanged |
| Anamudi Real Estates Llp | 4.50% | unchanged |
| Godrej & Boyce Mfg Co Ltd | 3.54% | unchanged |
| Gamnat Pte. Ltd. FPI fund | 2.38% | unchanged |
| Government Of Singapore - E Sovereign | 2.03% | −0.76 pp |
| Monetary Authority of Singapore Sovereign | 1.50% | −0.17 pp |
| Innovia Multiventures LLP (Formerly known as Innovia Multiventures Private Limited) | 1.40% | unchanged |
| Tata Large And Mid-Cap Fund Mutual fund | 1.40% | +0.08 pp |
| Government Pension Fund Global Sovereign | 1.22% | +0.13 pp |
| Godrej Seeds & Genetics Limited | 0.69% | unchanged |
| Nadir Godrej, Hormazd Godrej and Rati Godrej (Trustees of BNG Family Trust) | 0.05% | unchanged |
| Nadir Godrej, Hormazd Godrej and Rati Godrej (Trustees of SNG Family Trust) | 0.05% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in GODREJPROP
Filings to Aug 2026
0 new, 8 added, 3 trimmed, 0 sold out — net +1.71 L shares (+3.8%).
- Held by funds
- ₹951 Cr
- 19 schemes
- Biggest holder
- HDFC Balanced Advantage Fund
- ₹263 Cr · 0.2% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| HDFC Balanced Advantage Fund HDFC Mutual Fund | ₹263 Cr | held | Mar '24 |
| SBI MultiCap Fund SBI Mutual Fund | ₹201 Cr | held | Jul '26 |
| HDFC Arbitrage Fund HDFC Mutual Fund | ₹83 Cr | +0.46 L | Mar '24 |
| Nippon India Arbitrage Fund Nippon India Mutual Fund | ₹82 Cr | +0.37 L | Mar '26 |
| SBI Arbitrage Fund SBI Mutual Fund | ₹81 Cr | +0.95 L | Feb '24 |
| SBI ESG Exclusionary Strategy Fund SBI Mutual Fund | ₹70 Cr | held | Feb '25 |
| HDFC Large and Mid Cap Fund HDFC Mutual Fund | ₹49 Cr | held | Jul '25 |
| SBI Retirement Benefit Fund - Aggressive Plan SBI Mutual Fund | ₹41 Cr | held | Oct '25 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
8 added, 3 trimmed — net +1.71 L shares (+3.8%)
- Funds are sitting on
- -12%
- vs est. average cost
- Held by funds
- ₹951 Cr
- 19 schemes · ≈ 1.4% of the company
- Biggest holder
- HDFC Balanced Advantage Fund
- ₹263 Cr · 0.2% of that fund
- Longest holder
- Nippon India ETF Nifty Midcap 150
- 7y 8m · since Jan '19
Shares held by these funds +64%
Aug '23 44.93 L shares Jul '26
All earnings calls (7)
Read the Q1 FY27 call →Learn to analyse Godrej Properties Limited
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