Godrej Properties Limited (GODREJPROP.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-564.8%

-₹7,745.42

vs ₹1,666.40 price

Levered DCF

-₹23,294.34

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

0.53

Distress zone

Rating

B-

Overall 3 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	23.95×	41.65×	91.59×	50.17×	131.88×	-188.07×	54.99×	73×
P/B	2.31×	3.37×	6.65×	3.09×	5.36×	4.28×	3.1×	7.49×
P/S	5.27×	11.84×	21.88×	12.73×	25.47×	46.57×	6.09×	6.56×
EV / EBITDA	19.44×	1,011.67×	-845.12×	135.12×	386.76×	-119.67×	53.38×	122.73×
Gross margin	62.2%	40.6%	40.4%	44.9%	34.6%	37.9%	36.0%	22.1%
Operating margin	32.7%	31.2%	29.4%	35.1%	23.3%	-8.8%	24.8%	13.4%
Net margin	22.0%	28.4%	23.9%	25.4%	19.3%	-24.7%	11.1%	9.0%
Current ratio	0.86×	1.51×	1.43×	1.46×	1.88×	1.93×	1.45×	1.08×
Debt / equity	0.83×	0.73×	1.07×	0.69×	0.6×	0.55×	0.77×	1.42×
Interest coverage	20.07×	8.85×	5.86×	4.54×	4.74×	-0.72×	0×	1.25×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%	-0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	9.7%	8.1%	7.3%	6.2%	4.1%	-2.3%	5.6%	10.3%
Return on invested capital	2.4%	4.1%	3.2%	3.9%	2.1%	-0.5%	3.9%	6.5%
Return on assets	2.3%	2.5%	2.0%	2.5%	2.0%	-1.2%	2.7%	3.1%
Free cash flow yield	-7.3%	-4.2%	-2.1%	-11.0%	-1.3%	-2.2%	-2.0%	2.2%
Earnings yield	4.2%	2.4%	1.1%	2.0%	0.8%	-0.5%	1.8%	1.4%
Enterprise value	₹544.9B	₹655.7B	₹757.9B	₹343.8B	₹515B	₹398.9B	₹184.4B	₹218.5B
Net debt / EBITDA	3.63×	111.95×	-104.37×	22.47×	37.68×	-12.82×	10.33×	18.89×
Cash conversion cycle (days)	-562	3,702	3,893	3,273	1,779	3,619	685	498