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.#sr_widget.onDemand p, #stock_pro.onDemand p{font-size: 14px;line-height: 1.28;} .onDemand .live_stock{left:17px;padding:1px 3px 1px 5px;font-size:12px;font-weight:600;line-height:18px;top:9px} #sr_widget.onDemand .sr_desc{margin:0 auto 0;} #sr_widget.onDemand .sr_desc{color: #024d99;margin-top:10px;} #sr_widget.onDemand .crypto .live_stock .lb-icon{8px 6px 5px 3px !important} #sr_widget.crypto.onDemand a.text{border-bottom:1px solid #ccc;padding-bottom:5px;display:block;width:100%} #sr_widget.onDemand .sr_desc .text p, #stock_pro.onDemand .sr_desc .text p{font-size:12px;font-weight:400;} 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.
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.
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.
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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.
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This story originally appeared on: India Times - Author:Faqs of Insurances
