Godrej Properties have delivered another stellar quarter with bookings of 4.34 million sqft having value of 5720 Crores.
I have updated my valuation calculations as per the current quarter results. It seems to be trading at slight premium to fair value.
- FY2024E Bookings: 160.00 lsf
- per Sq Ft Rate: 10000.00
- Saleable Value: 16000 Crores
- Pre-Tax Profit (18% of Sales): 2880 Crores
- Post-Tax Profit (75% of Pre-Tax Profit): 2160 Crores
- Expected MCap @ PE = 25: 54,000 Crores
- Current MCap (09-Feb-24): 62,750 Crores (2257/share)
Please note this is NOT a buy or sell advice. I am NOT a SEBI registered adviser.
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