Godrej Properties: In the second half of 2024-25, a strong launch pipeline across Gurugram, Noida, Mumbai, Pune, and Hyderabad, combined with robust demand, will help the company exceed its annual guidance

This real estate stock gave 42.5% returns in the past year; know why analysts are bullish on this stock Cash flows are expected to remain healthy, and it is actively investing in new geographies, finding significant opportunities despite rising land prices

The real estate company reported a healthy operational performance in the September quarter with 219% and 360% year-on-year jump in sales and PAT respectively. While strong project deliveries of 6.6 million square feet (msf) supported revenue growth, higher other income aided the bottom line. In the first half of 2024-25, it achieved 51% of its full year booking guidance.

The company is the largest residential real estate developer by booking value in 2023-24 and its portfolio includes residential development, plotted development, and mixed-use and township developments. The management is confident of high growth because of the strong brand, pan-India presence, demonstrated track record and robust marketing. It is seeing strong demand momentum across markets (NCR, Bengaluru and MMR) leading to a jump of 68% and 126% year-on-year in the collections and operating cash flows in the September quarter.

im-1

In the second half of 2024-25, a strong launch pipeline across Gurugram, Noida, Mumbai, Pune, and Hyderabad, combined with robust demand, will help the company exceed its annual guidance. Cash flows are expected to remain healthy, and it is actively investing in new geographies, finding significant opportunities despite rising land prices. The company benefits from the real estate sector upcycle, driven by economic rebound, urbanisation, and aspirational lifestyles. The traction is visible in both residential and office segments. Growing population, policy interventions like RERA and consumer preference for the luxury segment are driving the residential segment whereas the acceleration of firms returning to office and improved infrastructure are boosting the demand for the office segment.

im-2

Management’s strategy is centred around growth and innovation-led operational excellence. Some of the steps undertaken include continuous evaluation of market mix, emphasis on land acquisition framework, accelerated pre-launch process, strengthening product proposition, focus on reducing supply chain risks, and widening of distribution channel. It has also invested in newer construction methods and technologies and focused on procurement strategies to improve execution.
Growfast
  • Mastering C++ Fundamentals with Generative AI: A Hands-On

    Artificial Intelligence(AI)

    Mastering C++ Fundamentals with Generative AI: A Hands-On

    By - Metla Sudha Sekhar, IT Specialist and Developer

  • Generative AI for Dynamic Java Web Applications with ChatGPT

    Artificial Intelligence(AI)

    Generative AI for Dynamic Java Web Applications with ChatGPT

    By - Metla Sudha Sekhar, IT Specialist and Developer

  • Business Storytelling Masterclass

    Leadership

    Business Storytelling Masterclass

    By - Ameen Haque, Founder of Storywallahs

  • Digital Marketing Masterclass by Neil Patel

    Marketing

    Digital Marketing Masterclass by Neil Patel

    By - Neil Patel, Co-Founder and Author at Neil Patel Digital Digital Marketing Guru

  • Crafting a Powerful Startup Value Proposition

    Leadership

    Crafting a Powerful Startup Value Proposition

    By - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience

  • Advanced Java Mastery: Object-Oriented Programming Techniques

    Web Development

    Advanced Java Mastery: Object-Oriented Programming Techniques

    By - Metla Sudha Sekhar, IT Specialist and Developer

  • Crypto & NFT Mastery: From Basics to Advanced

    Finance

    Crypto & NFT Mastery: From Basics to Advanced

    By - CA Raj K Agrawal, Chartered Accountant

  • Marketing & Sales Strategies for Startups: From Concept to Conversion

    Marketing

    Marketing & Sales Strategies for Startups: From Concept to Conversion

    By - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience

  • Future of Marketing & Branding Masterclass

    Marketing

    Future of Marketing & Branding Masterclass

    By - Dr. David Aaker, Professor Emeritus at the Haas School of Business, UC Berkeley, Author | Speaker | Thought Leader | Branding Consultant

  • SQL Server Bootcamp 2024: Transform from Beginner to Pro

    Data Science

    SQL Server Bootcamp 2024: Transform from Beginner to Pro

    By - Metla Sudha Sekhar, IT Specialist and Developer

  • AI and Generative AI for Finance

    Finance

    AI and Generative AI for Finance

    By - Hariom Tatsat, Vice President- Quantitative Analytics at Barclays

  • Validating Your Startup Idea: Steps to Ensure Market Fit

    Leadership

    Validating Your Startup Idea: Steps to Ensure Market Fit

    By - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience

  • AI for Everyone: Understanding and Applying the Basics on Artificial Intelligence

    Artificial Intelligence(AI)

    AI for Everyone: Understanding and Applying the Basics on Artificial Intelligence

    By - Ritesh Vajariya, Generative AI Expert

  • Mastering Full Stack Development: From Frontend to Backend Excellence

    Web Development

    Mastering Full Stack Development: From Frontend to Backend Excellence

    By - Metla Sudha Sekhar, IT Specialist and Developer

  • Tally Prime & GST Accounting: Complete Guide

    Finance

    Tally Prime & GST Accounting: Complete Guide

    By - CA Raj K Agrawal, Chartered Accountant

  • A2Z Of Money

    Finance

    A2Z Of Money

    By - elearnmarkets, Financial Education by StockEdge

  • Boosting Startup Revenue with 6 AI-Powered Sales Automation Techniques

    Leadership

    Boosting Startup Revenue with 6 AI-Powered Sales Automation Techniques

    By - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience

  • AI-Powered Python Mastery with Tabnine: Boost Your Coding Skills

    Artificial Intelligence(AI)

    AI-Powered Python Mastery with Tabnine: Boost Your Coding Skills

    By - Metla Sudha Sekhar, IT Specialist and Developer

  • From Idea to Product: A Startup Development Guide

    Leadership

    From Idea to Product: A Startup Development Guide

    By - Dr. Anu Khanchandani, Startup Coach with more than 25 years of experience

  • Digital marketing - Wordpress Website Development

    Marketing

    Digital marketing - Wordpress Website Development

    By - Shraddha Somani, Digital Marketing Trainer, Consultant, Strategiest and Subject Matter expert

  • Financial Literacy i.e Lets Crack the Billionaire Code

    Finance

    Financial Literacy i.e Lets Crack the Billionaire Code

    By - CA Rahul Gupta, CA with 10+ years of experience and Accounting Educator

  • Django & PostgreSQL Mastery: Build Professional Web Applications

    Web Development

    Django & PostgreSQL Mastery: Build Professional Web Applications

    By - Metla Sudha Sekhar, IT Specialist and Developer

  • Excel Essentials to Expert: Your Complete Guide

    Office Productivity

    Excel Essentials to Expert: Your Complete Guide

  • Intermediate C++ Skills: Master Pointers, Structures and File Stream

    Web Development

    Intermediate C++ Skills: Master Pointers, Structures and File Stream

    By - Metla Sudha Sekhar, IT Specialist and Developer


    Furthermore, it has invested in digital infrastructure to improve customer convenience. The Godrej Properties mobile app helps customers to manage post-purchase aspects of their investment, which include addressing complaints, payment reconciliation and home loan support.

    An Elara Capital report lists strong micro market selection, margin and cashflow accretive project additions, increasing economic share, deepening footprints in existing markets and expansion beyond the Top 6-7 markets as the key strongholds. The stock has significantly outperformed the market benchmark in the last year with 42.5% returns compared to BSE Sensex with 19.6% returns.

    Selection methodology: We pick the stock that has shown the maximum increase in ‘consensus analyst rating’ during the past three months. The consensus rating is arrived at by averaging all analyst recommendations after attributing weights to each of them (1 for strong buy, 2 for buy, 3 for hold, 4 for sell, 5 for strong sell). An improvement in consensus analyst rating indicates that the analysts are getting bullish on the stock. Only stocks with more than five analysts covering them are considered. You can see similar consensus analyst rating changes during the past week in ETW 50 table.

    This story originally appeared on: India Times - Author:Faqs of Insurances