Godrej Properties shares down 1.34% as Nifty gains

NEW DELHI: Shares of Godrej Properties Ltd. traded 1.34 per cent down in Thursday's trade at 02:15PM (IST). Around 26,505 shares changed hands on the counter.

The counter opened at Rs 1330.0 and touched an intraday high and low of Rs 1339.05 and Rs 1301.05, respectively, in the session so far. The stock of Godrej Properties Ltd. quoted a 52-week high of Rs 1674.0 and a 52-week low of Rs 1005.7.

Total market cap of the Godrej Properties Ltd. stood at Rs 36393.01 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 1838.82 crore for the quarter ended 31-Mar-2023, up 354.5 per cent from previous quarter's Rs 404.58 crore and up 20.77 per cent from the year-ago quarter's Rs 1522.57 crore.

The net profit for latest quarter stood at Rs 412.14 crore, up 58.23 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Mar-2023, domestic institutional investors held 2.72 per cent stake in the firm, while foreign institutional investors held 27.09 per cent and the promoters 58.48 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 63.69 and a price-to-book ratio of 3.09. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Godrej Properties Ltd. belongs to the Real Estate industry.