Realty stock with strong revenue guidance of ₹27,000 Cr for FY25 to keep on your radar

The realty stock is in focus as the company sets an ambitious topline guidance of Rs.27,000 crore, backed by robust expansion plans. This growth strategy highlights its commitment to scaling operations, tapping new markets, and driving sustained performance in the real estate sector. 

Price Movement 

In Friday’s trading session, the share price of Godrej Properties Limited closed at Rs.2,853.00 per share, falling 4.39 percent from its previous close of Rs.2,984.05 each. Over the past five years, the share has delivered over 200 percent returns. 

Management Guidance 

Godrej Properties Ltd has outlined an ambitious revenue target for the financial year 2025 (FY25), aiming for bookings of Rs.27,000 crore. By the end of the second quarter, the company has already secured bookings worth approximately Rs.13,835 crore, achieving 51 percent of its annual target. 

On the business development front, Godrej Properties exceeded its full-year gross development value (GDV) guidance of Rs.20,000 crore, having achieved 63 percent of this goal in the first half of FY25 alone. The management remains confident about surpassing these milestones, driven by successful project launches and strong market demand. 

Recent Developments 

Godrej Properties Ltd added six new projects across NCR, MMR, and Indore in Q2 FY25, with a total estimated saleable area of 7.86 million sq. ft. and an expected booking value of Rs.9,650 crore. 

Recently, Godrej Properties completed a Rs.6,000 crore Qualified Institutional Placement (QIP), which saw nearly four times oversubscription. The offering garnered strong interest from prominent institutional investors, including the Government of Singapore and BlackRock. Shares were issued at Rs.2,595 each, about 4.86 percent below the floor price of Rs.2,727.44. 

Domestic and International Presence 

Godrej Properties Limited (GPL) is a leading real estate developer in India, operating in 12 major cities, including Mumbai, Pune, and Bengaluru, with a focus on residential and commercial projects. 

The company has approximately 92 active projects covering around 200 million square feet. Internationally, GPL has established offices in Dubai and Singapore to engage with the Indian diaspora and potential investors.

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Financial Performance 

Turning towards the financials of the company, Godrej Properties reported Q2 FY25 revenue of Rs.1,093 crore, rising 218 percent from Rs.343 crore in Q2 FY24. Profit After Tax (PAT) increased substantially by 357 percent to Rs.334 crore, compared to Rs.73 crore in the same period. 

Important Financial Ratios 

The Return on Capital Employed (ROCE) of the company stands at 7.33 percent, while the Return on Equity (ROE) is 12.8 percent. 

The company’s Price-to-Earnings (P/E) ratio is 64.4, which is higher than the industry average of 38.33. Additionally, the company has a solid current ratio of 2.16 and an Earnings Per Share (EPS) of Rs.46.11. 

Shareholding Pattern 

As of December 2024, the shareholding pattern of Godrej Properties Ltd indicates that promoters hold 46.48 percent, Foreign Institutional Investors (FIIs) hold 31.09 percent, Domestic Institutional Investors (DIIs) account for 9.23 percent, and retail investors hold 13.20 percent of the shares. 

Company Profile 

Godrej Properties Ltd, a subsidiary of Godrej Industries Ltd, is a real estate company engaged in developing residential, plotted, and mixed-use properties, with a strong emphasis on innovation, sustainability, and design. 

Written by – Siddesh S Raskar 

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