Add Godrej Properties, target price Rs 1804: HDFC Securities

HDFC Securities has add call on Godrej Properties with a target price of Rs 1804. The current market price of Godrej Properties is Rs 1509.05. Time period given by analyst is one year when Godrej Properties Ltd. price can reach defined target.

Godrej Properties Ltd., incorporated in the year 1985, is a Large Cap company (having a market cap of Rs 40344.34 Crore) operating in Real Estate sector.

Godrej Properties Ltd. key Products/Revenue Segments include Income From Real Estate Development, Sale of services, Other Operating Revenue and Lease Rentals for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 466.91 Crore, up 39.70 % from last quarter Total Income of Rs 334.22 Crore and up 50.07 % from last year same quarter Total Income of Rs 311.12 Crore. Company reported net profit after tax of Rs 106.89 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 58.43 per cent stake in the company as of 31-Dec-2021, while FIIs owned 31.16 per cent, DIIs 2.77 per cent.