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← CockpitCompetitor Analysis › BRIGADE.NS Brigade EnterprisesOpen in the cockpit ↗

Brigade EnterprisesBRIGADE.NSCompetitor analysis, valuation and peers

India · INR·Realty›Real Estate Development

South India-focused real estate developer building residential, office and hospitality properties, mainly in Bangalore.

≈ A regional South Indian real estate developerMomentum neutral 56
Mkt cap
$1.93B
US dollars, full cap
Free float
53%
of shares outstanding
$/day
$2.11M
20-day average traded
Fwd P/E
20.0×
forward earnings
ROIC−WACC
n/a
WACC 14.1%
Hurdle
n/a
no reverse DCF
Next earnings
90 days
4 Feb 2027
Close · INR₹558.15
1D-0.9%
1W+5.9%
1M+0.7%
3M-2.4%
6M-3.7%
YTD-15.9%
1Y-28.4%
ATR %4.0%
Beta1.17
52w lowhigh30.4% off high

What Brigade Enterprises does

South India-focused real estate developer building residential, office and hospitality properties, mainly in Bangalore.

Residential sales carry the business, with buyers paying in instalments as construction proceeds, while office and retail rentals add steadier income. It has expanded beyond Bangalore to Chennai and Hyderabad. Its hotels were placed in a separately listed company, Brigade Hotel Ventures, in 2024.

In one line: A regional South Indian real estate developer.

Products and services

  • Residential projects
  • Commercial/office leasing
  • Hospitality (hotels)

Customers

  • Homebuyers
  • Corporate office tenants

Where it sits in the supply chain

  • Land acquisition
  • Residential/commercial development
  • Hospitality/leasing operations

What could go right

  • South India housing demand growth
  • Office leasing recovery

What could go wrong

  • Real estate cycle sensitivity
  • Regional (South India) concentration

Moat: narrow (brand, scale). Established brand and execution track record in Bangalore's premium real estate market.

Headquarters: Bengaluru, India · Founded: 1986 · Employees: 5,876

Named competitors

Brigade Enterprises at a glance

Size Brigade Enterprises (BRIGADE.NS) is an India Real Estate company (Real Estate Development) with a market value of $1.93B, the 377th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹558.15 on 6 Nov 2026.

Performance Over six months the shares fell 3.7%, against -8.8% for the median peer and 0.0% for the India market (cap-weighted) — 5th highest of 20 in its peer set.

Growth Revenue fell 4.4% over the last twelve months (peer median +4.4%); the operating margin is 23.4% (peer median 14.1%).

Valuation It trades at 20.0× forward earnings against a peer median of 12.2× (3rd most expensive of 17).

Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).

Relative performance

10012011 May 202611 Aug 20266 Nov 2026BRIGADE.NS 98Peer median 87
Six months, rebased to 100: Brigade Enterprises against the median of its 20 peers (local-currency closes).

Brigade Enterprises financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹53.4B₹57.0B₹50.7B₹49.0B₹34.4B
Revenue growth—+12%+4%+42%—
Gross profit₹21.5B₹18.3B₹17.2B₹13.3B₹9.18B
EBITDA₹15.6B₹14.6B₹14.4B₹12.1B₹8.70B
Net income₹7.26B₹6.44B₹6.86B₹4.52B₹2.91B
Free cash flown/a-₹21.7B₹494M-₹4.23B₹3.04B
Capital expendituren/a₹17.4B₹6.39B₹2.69B₹3.24B
Total debt₹65.6B₹63.4B₹54.6B₹54.7B₹46.3B

Quarterly statements and history in the cockpit →

Brigade Enterprises competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%-25%0%+25%+50%-20%0%6049ENTRA000506ARGMVC0363600675IMC8848600064GRIHOMEISNALTA0817000620601512F17BRIGADE.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Brigade Enterprises is the large dot.

Fundamentals: revenue growth against valuation

0%+50%+100%+150%20×40×60×6049ENTRAARGMVC0363600064FABGGRIHOMEISNALTA0817000620BRIGADE.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Brigade Enterprises is the large dot.

Brigade Enterprises competitors and peer comparison

Head to head with its named competitors (BRIGADE.NS vs SOBHA.NS vs PRESTIGE.NS vs GODREJPROP.NS)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Brigade Enterprises BRIGADE.NS$1.93B-4%-4%23%20.0×n/a
Sobha SOBHA.NS$1.44B-12%+10%4%29.9×n/a
Prestige Estates Projects PRESTIGE.NS$7.42B+10%+66%24%38.5×n/a
Godrej Properties GODREJPROP.NS$5.77B-4%+17%21%24.5×n/a

How Brigade Enterprises compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Brigade Enterprises against its 20 peers (data as of 6 Nov 2026)
MeasureBRIGADE.NSPeer medianRank in peer set
1-month return+0.7%+0.8%11th highest of 21
6-month return-3.7%-8.8%5th highest of 20
Distance from 52-week high-30.4%-19.5%7th lowest of 21
Revenue growth (TTM)-4.4%+4.4%9th lowest of 20
Operating margin23.4%14.1%9th highest of 21
Forward P/E20.0×12.2×3rd most expensive of 17

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Brigade Enterprises BRIGADE.NSIndia$1.93B-4%-4%23%20.0×n/an/a
Poly Property Services 6049.HKHong Kong$1.92B-14%+8%11%7.9×n/an/a
Entra ENTRA.OLNorway$1.95B-4%-9%82%15.2×n/an/a
Zhaojin International Gold 000506.SZChina$1.95B-13%+42%27%n/an/an/a
Argan ARG.PAFrance$1.95B+14%+5%78%11.2×n/an/a
Metrovacesa MVC.MCSpain$1.95B-5%+58%13%26.4×n/an/a
Shanghai Industrial 0363.HKHong Kong$1.89B-14%-28%15%7.1×n/an/a
China Enterprise 600675.SSChina$1.98B-15%-35%4%n/an/an/a
Inmocemento IMC.MCSpain$1.88B-4%+10%29%n/an/an/a
Leopalace21 8848.TJapan$1.99B+52%+3%8%13.0×n/an/a
Nanjing Gaoke 600064.SSChina$2.00B-4%+4%-18%5.8×n/an/a
Fabege FABG.STSweden$2.02B-16%+27%59%14.7×n/an/a
Grainger GRI.LUnited Kingdom$1.83B+19%-23%49%19.8×n/an/a
Neinor Homes HOME.MCSpain$2.04B+10%+165%10%13.0×n/an/a
Intershop ISN.SWSwitzerland$1.82B-9%+5%79%18.5×n/an/a
Altarea SCA ALTA.PAFrance$2.05B-31%-20%9%9.9×n/an/a
PPI Public Property Invest PUBLI.STSweden$1.78Bn/an/a70%n/an/an/a
China Jinmao 0817.HKHong Kong$1.77B-45%-8%5%9.9×n/an/a
Winnovation Culturaltainment Development Limited 000620.SZChina$2.12B-6%+14%-39%66.0×n/an/a
China-Singapore Suzhou Industrial Park Development 601512.SSChina$1.75B-23%-32%22%10.8×n/an/a
GuocoLand F17.SISingapore$1.75B-16%-24%7%11.5×n/an/a

Questions

Who are Brigade Enterprises's main competitors?
Named competitors: Sobha (SOBHA.NS), Prestige Estates (PRESTIGE.NS), Godrej Properties (GODREJPROP.NS). The cockpit's measured peer set (industry) also includes Poly Property Services (6049.HK), Entra (ENTRA.OL), Zhaojin International Gold (000506.SZ), Argan (ARG.PA), Metrovacesa (MVC.MC), Shanghai Industrial (0363.HK).
Is Brigade Enterprises expensive compared with its peers?
On forward p/e it trades at 20.0× against a peer median of 12.2×, 3rd most expensive of 17 in its peer set.
How has Brigade Enterprises stock performed?
Over six months to 6 Nov 2026 the shares returned -3.7% against -8.8% for the median peer; over one year -28.4%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.