Realty · GPL
Realty - National
from 2,035 today
Godrej Properties reported a steady start to the year with pre-sales and collections growth, though net OCF plunged. Maintain 'HOLD' with a revised target price of INR2,212 based on a valuation rollover to Q1FY29E.
Godrej Properties delivered an in-line operational performance in Q1 FY27 with strong presales, but sustained cash generation depends on curbing business development spend, leading us to maintain a HOLD rating with an increased target price of INR2,146.
Godrej Properties clocked robust Q1FY27 gross sales bookings worth INR 87bn, supported by several launches. We believe the company is on track to achieve its FY27 guidance of INR 390bn and retain our BUY rating with an unchanged target price of INR 2,469.
Godrej Properties Ltd. (GPL) delivered a healthy YoY performance in Q1FY27, recording its highest-ever first-quarter pre-sales. We maintain our 'BUY' rating on GPL with a target price of INR 2,520/share based on SOTP valuation.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
