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Stock In Overbought Zone; Wait For Lower Levels For Investment; Know Buying Level

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Godrej Properties Ltd (NSE: GODREJPROP): In the stock market, investors focus on some stocks that can make a rapid upward movement. 

Investors with a long-term perspective also want a stock for investment that keeps growing and in which new buyers continuously create positions.

Keeping this in mind, such stocks are often seen in which institutions have a significant percentage of their positions.

Investors give priority to stocks with FII and DII positions in their investments. Today we are talking about a stock in which FII’s stake is 29.3%. 

That stock is Godrej Properties Ltd which has given 96 percent return to its investors in the last year.

Share of Godrej Properties has gained 59 percent in just three months between November 1, 2023, and January 30, 2024. 

After this rally, profit booking started in this stock which took it to the level of 2180, the last swing high of its daily time frame. 

This level is its immediate support level. From here, buying was seen in this stock in the Tuesday market at the level of Rs 2280.90.

If we look at the daily chart of Godrej Properties, buyers have come into the stock from this level. 

Investors are planning to enter it at a lower level, but in Tuesday market, it has shown a good move by taking the last swing high as its base.

FII’s Favorite Stock

Foreign institutional investors (FIIs) have huge holdings in Godrej Properties. FIIs have maintained their heavy position in this stock since March 2021.

According to the data, in March 2021, the FII position in Godrej was 27.9 percent. This position remains intact at 27.3 percent in December 2023.

If we talk about DII’s holding in this stock then it is relatively very less. DII’s holding in this stock is 4.7 percent.

About Godrej Properties

Godrej Properties Ltd develops residential commercial, township, and residential properties across various cities and earns a large portion of its income from the sale of the property. 

Other revenue sources for operations include the selling of services, the compensation for projects leasing rents, and other compensation received from projects. 

It has two main merchandise areas: Residential Real Estate and Commercial Real Estate. 

Some of the projects are Godrej Garden City, Godrej Prakriti, Godrej Palm Grove, Godrej BKC, and Godrej Eternia. 

Fundamental Analysis of Godrej Properties

Market Cap₹ 63,310 Cr.
Current Price₹ 2,280.90
52-wk High₹ 2,453.70
52-wk Low₹ 1,005
Stock P/E94.90
Book Value₹ 340
Dividend0.00 %
ROCE5.69 %
ROE5.39 %
Face Value₹ 5.00
P/B Value6.63
OPM1.09 %
EPS₹ 24.0
Debt₹ 10,262 Cr.
Debt to Equity1.08

Godrej Properties Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹2453₹2876
2025₹2900₹3424
2026₹3543₹3675
2027₹3876₹4000
2028₹4231₹4465
2029₹4487₹4987
2030₹5000₹5432
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Godrej Properties Shareholding Pattern

Promoters Holding
Dec 202258.48%
Mar 202358.48%
June 202358.48%
Sept 202358.48%
Dec  202358.48%
FII Holding
Dec 202227.41%
Mar 202327.09%
June 202328.85%
Sept 202329.25%
Dec  202329.73%
DII Holding
Dec 20224.56%
Mar 20234.69%
June 20234.29%
Sept 20234.61%
Dec  20234.69%
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Public Holding
Dec 20229.56%
Mar 20239.74%
June 20238.37%
Sept 20237.66%
Dec  20237.10%

Godrej Properties Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 2,817 Cr
2020₹ 2,441 Cr
2021₹ 765 Cr
2022₹ 1,825 Cr
2023₹ 3,256 Cr

Last 5 Years’ Net Profit:

2019₹ 253 Cr
2020₹ 274 Cr
2021₹ -189 Cr
2022₹ 351 Cr
2023₹ 723 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20191.42
20200.67
20210.54
20220.6
20230.69

Last 10 Years’ Profit Growth:

10 Years:13%
5 Years:90%
3 Years:30%
Current Year:61%

Last 10 years’ Return on Equity (ROE):

10 Years:4%
5 Years:3%
3 Years:2%
Last Year:5%

Sales Growth Over 10 Years:

10 Years:8%
5 Years:7%
3 Years:-3%
Current Year:68%

Company’s Positive Signs:

  • The company is expected to provide an excellent quarter.
  • The company has made a good profit increase of 90.1 percent CAGR in the five years.

Company’s Negative Signs:

  • The stock is trading at 5.83 times the book value.
  • Although the company reports multiple profits, it’s not paying dividends.
  • The company has posted an unsatisfactory growth rate of 7.03 percent in the last five years.
  • The company has a very poor return on equity (ROE) of 2.45 percent over the last three years.
  • The company may be capitalizing on the interest expense.
  • The company earnings include non-recurring earnings in the amount of Rs.1,133 Cr.
  • The percentage of promoters who hold the job has declined over the three seasons: -5.96.

Conclusion

This article is a complete guide about Godrej Properties Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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