Godrej Properties has been performing exceptionally well in 2024. The company reported record-breaking sales in the first quarter of FY2024-25, achieving a booking value of ₹8,637 crore, which marked a 283% year-on-year growth. This performance was driven by strong demand across India, with notable success in Bengaluru and Noida projects. Godrej Woodscapes in Bengaluru alone contributed ₹3,156 crore in sales, while the Godrej Jardinia project in Noida recorded ₹2,377 crore in bookings.
Additionally, Godrej’s Gurugram luxury project, Godrej Aristocrat, has sold over 600 flats worth ₹2,600 crore, making it the company’s most successful launch in terms of value. The company aims to reach a booking value of ₹27,000 crore for FY25, bolstered by robust market demand and an aggressive launch pipeline across major cities like Mumbai, Pune, Delhi-NCR, and Bengaluru.
- PE ratio: Price to Earnings ratio, which indicates how much an investor is willing to pay for a share for every rupee of earnings. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). Godrej Properties has a PE ratio of 94which is high and comparatively overvalued.
- Return on Assets (ROA): – Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Godrej Properties has ROA of 37% which is a bad sign for future performance. (higher values are always desirable)
- Current ratio: – The current ratio measures a company’s ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Godrej Properties has a Current ratio of 61.
- Return on equity: – ROE measures the ability of a firm to generate profits from its shareholders’ investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Godrej Properties has a ROE of 52% .(higher is better)
- Debt to equity ratio: – It is a good metric to check out the capital structure along with its performance. Godrej Properties has a Debt to Equity ratio of 95which means that the company has low proportion of debt in its capital.
- Sales growth: – Godrej Properties has reported revenue growth of 20% which is fair in relation to its growth and performance.
- Operating Margin: – This will tell you about the operational efficiency of the company. The operating margin of Godrej Properties for the current financial year is –74%.
- Dividend Yield: – It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Godrej Properties is Rs0 and the yield is 0 %.
- Earnings Per Share: – It tells us how much profit is allocated to each outstanding share of a common stock. The latest EPS of Godrej Properties is Rs60 . The higher the EPS, the better it is for investors.
The stock price of Godrej Properties Ltd (GODREJPROP) appears to be in a short-term uptrend. It has recently broken above a resistance level, indicating strong buying interest. However, it’s important to monitor the price action and volume to determine if the uptrend will continue.
- Upward breakout: The stock price has broken above the green horizontal line, which was a previous resistance level. This suggests that there is strong buying pressure.
- Increasing volume: The volume has been increasing during uptrends, which is a positive sign.
- Relative strength index (RSI): The RSI is currently above 50, indicating that the stock is in a bullish territory.
- The short-term trend of Godrej Properties Ltd (GODREJPROP) appears to be bullish. The stock price has been on an upward trajectory, breaking above a previous resistance level (the green horizontal line). This suggests that there is strong buying interest in the stock.
- However, it’s important to note that the market can be volatile, and the trend could change. It’s always recommended to do your own research or consult with a financial advisor before making any investment decisions.
The stock has given breakout after a long period consolidation zone from 8th August. Hence, recommended ATM Call option for capturing further momentum.
