EN DE

Brigade Enterprises Limited (BRIGADE) Fair Value & Analysis

Real Estate · IN · Market cap ₹171B

BE Brigade Enterprises Limited BRIGADE · NSE
Price₹592.95
Fair Value₹335.86
Upside-43.4%
Quality27/100
Watch Brigade Enterprises Limited for free, get notified when fair value or trend changes. Watch for free
Expensive Growth
Solidly profitable · 11.3% net margin
Moderate debt · negative free cash flow
0.28% dividend yield
Trails peers (5/13)
Moderate moat 49/100
Evidence: High Range ₹251.90 – ₹465.53 Share as image

Fair value as of: Aug 2, 2026

From 9 valuation models · updated 11 days ago

Share price +4.1% over the past month.

Below-average quality, and screening another 43% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹465.53). The favourable scenario is already priced in.
  • Weak quality (27/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • A fairly wide model range (₹251.90 to ₹465.53) leaves room in how you read the outcome.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Share this valuation: 𝕏 WhatsApp

Price vs Fair Value (5 years)

₹321,013 ₹174.11 Fair Value ₹335.86 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

60‑month range ₹174.11 – ₹321,013 · fair‑value band ₹251.90 – ₹465.53 · the ₹592.95 price screens above the ₹335.86 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 2, 2026.

Full chart & analysis →

Which stocks are undervalued right now? Check free Discover now →

Analysis

Brigade Enterprises Limited (BRIGADE) currently trades at ₹592.95, while our model-based Fair Value estimate is ₹335.86, implying the stock looks roughly 43.4% overvalued today. The Quality Score stands at 27/100 (below-average quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Brigade Enterprises Limited generated revenue of ₹57.0B at a net margin of 11.3%. Revenue declined 0.2% year over year. It earns a return on equity of 10.8%. Net debt stands at ₹36.6B. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹251.90 (bear case) to ₹465.53 (bull case); at ₹592.95, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Real Estate peers we cover trades at 0% fair-value upside, at -43%, BRIGADE screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Residual Income ₹180.42 ₹198.96 ₹313.98 76
Gordon GGM ₹17.21 ₹35.77 ₹56.75 70
DDM Multi-Stage ₹17.21 ₹30.17 ₹37.55 61
All 9 models by family
Dividend Discount
Gordon GGM ₹17.21 ₹35.77 ₹56.75 70
DDM Multi-Stage ₹17.21 ₹30.17 ₹37.55 61
Multiples
P/S Multiple ₹251.90 ₹335.86 ₹419.83 58
P/B Multiple ₹251.90 ₹335.86 ₹419.83 55
EV/EBIT ₹484.85 ₹672.86 ₹860.87 53
EV/EBITDA ₹478.76 ₹664.75 ₹850.74 54
EV/Revenue ₹231.88 ₹365.20 ₹498.52 43
Asset-Based
NCAV (Graham) ₹104.55 ₹140.10 ₹209.11 50
Economic Profit
Residual Income ₹180.42 ₹198.96 ₹313.98 76

Widest divergence: Multiples (₹365.20) versus Dividend Discount (₹30.17). Highest evidence: Residual Income (76).

Notify me when BRIGADE reaches fair value

Free. You confirm by email (double opt-in) and can unsubscribe anytime in one click.

Key figures & financial health

Revenue (TTM) ₹57.0B
Revenue growth (YoY) -0.2%
Net margin 11.3%
Return on equity 10.8%
Free cash flow −₹21.7B FY2026
P/E ratio 26.6
More key figures
Operating margin 19.5%
EPS (TTM) ₹19.75
Dividend yield 0.3%
EPS growth (YoY) -42.4%
Net debt ₹36.6B FY2026

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 27/100

Of which business quality 27 · Market factors (momentum, volatility) 30

Profitability 29
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 33
Balance sheet, leverage, solvency risk
Investment 5
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 30
Price trend over the last 3–12 months (market factor)
52W Momentum 6
Distance to the 52-week high (market factor)
Net Issuance 61
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Brigade Enterprises Limited engages in the provision of real estate development, leasing, and related services in India. The company operates through Real Estate, Hospitality, and Leasing segments. It develops and sells various residential and commercial, and retail properties.

Full company description

Brigade Enterprises Limited engages in the provision of real estate development, leasing, and related services in India. The company operates through Real Estate, Hospitality, and Leasing segments. It develops and sells various residential and commercial, and retail properties. The company also manages star-rated hotels, clubs, and convention centres, as well as The Baking Company. Brigade Enterprises Limited was founded in 1986 and is based in Bengaluru, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Brigade Enterprises Limited reported revenue of ₹57.0B in FY2026 versus ₹30.0B in FY2022, a compound +17.4%/yr. Reported net income was ₹6.4B in FY2026, compounding +67.0%/yr from FY2022.

Growth Quality 57/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2026)
₹57.0B
Latest YoY
+12.3%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+18.3%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+23.9%
Avg. growth/yr (21Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+18.5%
Revenue +17.4%/yr
FY22 ₹30.0B
FY23 ₹34.4B
FY24 ₹49.0B
FY25 ₹50.7B
FY26 ₹57.0B
Net income +67.0%/yr
FY22 ₹828M
FY23 ₹2.9B
FY24 ₹4.5B
FY25 ₹6.9B
FY26 ₹6.4B
Character of growth · EPS growth decomposed (2015-2026) +14.7 % p.a.
Revenue per share +8.5 pp

of which total revenue +12.6 pp · buybacks/dilution −4.1 pp

EBIT margin −1.7 pp
Tax rate +2.1 pp
Residual (interest, one-offs) +5.8 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

BRIGADE screens 43% overvalued. Compare with Vinhomes Joint Stock Company →

Share or link this analysis
For bloggers & editors: embed code + live data

For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.

Cite: Fair Value Calculator (2026). "Brigade Enterprises Limited Fair Value". https://www.fairvalue-calculator.com/stock/BRIGADE

Peer Group

Real Estate - Development · 586 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 28 · Bottom 25%
Fair Value upside −43% · Bottom 25%
Return on equity (TTM) 11% · Top 25%
Return on assets 3% · Above median
Net margin (TTM) 11% · Above median
Operating margin (TTM) 20% · Above median
Revenue growth -0% · Above median
Dividend yield (TTM) 0.3% · Below median
Debt / equity 0.77× · Higher than 75% of peers

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/E (TTM) 26.6× · Pricier than 75% of peers
P/B 2.51× · Pricier than 75% of peers
P/S (TTM) 3.01× · Pricier than 75% of peers
EV/EBITDA 13.8× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 50
FUTURE 0 · sector 0
PAST 43 · sector 10
HEALTH 61 · sector 84
DIVIDEND 6 · sector 38

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
Vinhomes Joint Stock Company VHM 147,000 VND 147,415 VND +0%
DLF Limited DLF ₹657.75 ₹159.49 -76%
Lodha Developers Limited LODHA ₹1,188 ₹583.43 -51%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,125 IDR 1,330 IDR -78%
Oberoi Realty Limited OBEROIRLTY ₹1,925 ₹1,183 -39%
Godrej Properties Limited GODREJPROP ₹2,102 ₹1,044 -50%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 555.00 IDR 1,388 IDR +150%
PT Sentul City Tbk, BKSL 64.00 IDR 84.16 IDR +32%
PT Ciputra Development Tbk, CTRA 555.00 IDR 1,388 IDR +150%

Compare Brigade Enterprises Limited with another stock

Price, fair value, quality and upside side by side.

Free, no sign-up

Explore undervalued stocks

More undervalued Real Estate stocks →

All undervalued stocks TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks

Frequently asked questions

Is Brigade Enterprises Limited (BRIGADE) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of ₹335.86 versus a price of ₹592.95, about −43% (overvalued).
What is the fair value of BRIGADE?
Our model-based fair value for Brigade Enterprises Limited is ₹335.86 (as of Aug 2, 2026), built from audited fundamentals. The current price is ₹592.95.
What is the quality score of BRIGADE?
Brigade Enterprises Limited has a Quality Score of 27/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Brigade Enterprises Limited (BRIGADE)?
Brigade Enterprises Limited reported trailing-twelve-month revenue of about ₹57.0B (latest available figure, as of Aug 2, 2026).
What is the net profit margin of BRIGADE?
The net profit margin of Brigade Enterprises Limited is about 11.3%, meaning it keeps roughly 11.3% of revenue as net income. Based on the latest reported figures.
Does Brigade Enterprises Limited pay a dividend?
Brigade Enterprises Limited currently shows a dividend yield of about 0.28% relative to its recent price (as of Aug 2, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

14 days Pro free · no card

Track Brigade Enterprises Limited and try Pro for 14 days

One email gets you 14 days of full Pro (review alerts, the 35,000+ stock screener, the diversification check) plus the monthly Top-25 report of the most undervalued quality stocks. No card, cancel anytime.

Zero risk: nothing is ever charged. After 14 days you decide whether to stay.