Godrej Properties Limited

History of Godrej properties Ltd.

Godrej Properties Limited is real estate Company with its head office in Mumbai, India. The

Company was established in the years 1990 under the leadership of Adi Godrej. Godrej

Properties Limited was originally founded as Sea Breeze Constructions and Investments

Private Limited on 8 Feb 1985. It was registered under the company Act, 1986 the company’s

name was changed to Godrej Properties and Investment Private Limited and finally to Godrej

Properties Limited at a general meeting on 23 November 2009.

Currently, Godrej Properties Ltd

(GPL) is listed on the Bombay Stock Exchange and the National Stock Exchange. A Godrej

property limited is the first Real estate company to have ISO certification. Godrej properties

realty firm of Godrej Group promoted by Godrej Industries and Godrej and Boyce

Manufacturing. Currently, their business focuses on residential, commercial and township

developments. They undertook their projects through in- house team and by partnering with

companies with domestic and international operations. Godrej signed up for their first project,

Godrej Edenwoods, in Thane, Mumbai in May 1991 and have since completed and delivered

23 projects aggregating approximately 5.13 million square feet in Mumbai, Pune and

Bangalore. In 1997, the first commercial project Mahatma Gandhi Seva Mandir ( MGSM) in

Bandra, Mumbai. Company’s first project in Kolkata and Hyderabad were agreed in 2005

and 2006 name Godrej Waterside and Planet Godrej respectively. Godrej owned subsidiary

Godrej Buildcon Private Limited has signed a Development Agreement With JET

AIRWAYS (INDIA) LIMITED for development of MMRDA leasehold land.

They were awarded

By ‘Best business practices ‘for the yrs 2008 and 2009. Godrej was awarded corporate

governance of the yrs 2008 by Accommodation Times in 2009. Godrej ranked 1 in the

construction and real Estate industry in India’s best company to work for 2009-2010 awarded

by ‘The Great place to work institute, India in Partnership with The Economic Times.

. Company profile

Chairman

Managing Director & Chief Executive Officer

Executive Director

Company secretary

Chief Financial

Manager

Corporate Office

Website

Mr. Adi Godrej

Mr. Pirojsha Godrej

Mr. KT jithendran& Mr.Mohit Malhotra

Mr. Surender Varma

Mr. Rajendra Khetawat

Unit No 5c, 5th floor, Godrej one, Pirojshanagar, Vikhroli East.

Mumbai- 400079

(Tel)-+91-22-61698500

Fax: 91-22-22072044

http://www.Godrejproperties.com

Management- Godrej Properties Ltd

Mr.Adi B Godrej Chairman

Mr.pirojsha GodrejManaging Director& CEO

D

Amitava Mukherjee

jamshyd N Godrej

KT jithendran

Keki B Dadiseth

Lalita D Gupte

Parmeshwar A Godrej

Pritam Singh

Board of Directors

Competitors of the Company

Position of the company in Industry

(In crs.) Godrej Properties

DLF Oberoi Realty

Prestige Estate

Sobha Developer

Last Share Price 358.65 128.20 273.50 209.20 326.80

Sales 516.69 3,016.69 699.24 2,37.34 2,382.40Net Profit 127.92 940.07 304.77 414.23 199.10Total Assets 3,809.71 27,825.37 3,096.32 6,223.94 4,156.18Market cap 7,155.55 22,858.88 9,279.19 7,845.00 3,204.73 From the figure it seen that DLF is the leading real estate company with maximum amount of total assets 27,825.37. And Godrej properties stood 1th with good competition in terms of Last share price. The market capital is also good as comparison of Sobha Developer but far away from the leaders. But by seen figure sales and net profit it’s less as comparison of other four companies so, Godrej, need to work on it.

DLF

Oberoi RealtySobha Developer

Prestige Estate

Competitors of Godrej Properties

Ltd

Comparative Balance sheet of Godrej properties

2013 2014 Abs change

% change 2014 2015 Abs change

% change

Source of fundsShare capital 78.05 99.12 21.07 26.99551 99.12 99.68 0.56 0.32

Equity share capital 78.05 99.12 21.07 26.99551 99.12 99.68 0.56 0.32Share Application money 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00Preference share capital 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Reserves 1,286.25 1,691.03 404.83 31.473667

1,691.03 1,818.57 127.57 1718.571774

Net worth 1,364.30 1,790.15 425.85 1690.15 1,790.15 1,918.25 128.1 1818.25

Secured loans 224.91 802.77 577.86 256.929 591.2 802.77 211.57 0.00338

UnsecureLoans

546.80 929.39 382.59 69.96861 929.39 1,088.69 159.3 17.140274

Total Debt 771.71 1,520.40 748.69 97.014014

1,520.40 1,891.46 371.06 24.405419

Minority Interest 105.92 203.06 97.14 91.710725

203.06 227.90 24.84 12.232837

Policy holders funds 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Group share in joint venture

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total Liabilities 3,198.16 4,425.49 1227.33 38.3761 4,425.49 5,364.56 939.07 5264.56Application of fund

Gross Block 23.93 55.58 31.65 44.42 55.58 57.56 2 42.40401

Less: Revaluation reserve 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Less: Accum. Depreciation 11.88 14.77 2.97 25 14.77 18.40 3.36 24.576844

Net Block 12.05 40.81 28.76 59.19 40.81 39.16 (-1.65) (-60.84)

Capital Work in Progress 46.04 70.37 24.33 29.63 70.37 82.80 12.43 17.2

Investments 170.03 315.95 145.92 215.95 315.95 557.67 241.72 457.67

Inventories 650.61 928.33 277.72 828.33 928.33 1,038.94 110.61 938.94

Sundry Debtors 63.16 116.23 53.07 16.23 116.23 90.09 (-26.14) 20.1688064

Cash 47.45 652.52 605.07 1275.173867 652.52 356.50 54.634340 8.372823

Total current assets

761.22 1,697.08 935.86 122.942119 1,697.08 1,485.53 (-211.55) 1385.53

Loans and Advances

1,777.89 2,050.48 272.59 15.33221965 2,050.48 2,414.07 363.59 2314.07

Total Current Assets, Loans & Advances

2,539.11 3,747.56 1208.45 47.59344809 3,747.56 3,899.60 152.04 3799.6

Current Liabilities

586.44 813.54 227.1 713.54 813.54 714.70 -98.84 614.7

Provision 44.79 50.60 5.81 (-49.4) 50.60 54.90 4.3 (-45.1)Total CL & Provision

631.23 864.14 232.91 764.14 864.14 769.60 (-94.54) 669.6

Net Current Assets

1,907.88 2,883.42 975.54 2783.42 2,883.42 3,130.00 2841.58 3119.99729

Miscellaneous Expenses

0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Total Asset 2,136.00 3,310.55 1174.55 3210.55 3,310.55 3,809.71 499.16 3709.71

Analysis:

The reserve and surplus has however seen a increase from 2013 to 2014 and

seen a significantly seen increase in 2015 with 1,818.57 and from the figure its

seen total liabilities also increase for 2013 to 2015 .The total asset has seen a

significantly increase in 2013 to 2014 with 1174.55 to 3210.55 .

Common size Balance sheet

2013 2014 % of total(13)

% of total(14)

2015 % of total(15)

Source of fundsShare capital 78.05 99.12 5.720882 5.536966

1799.68 5.196402

9Equity share capital 78.05 99.12 5.720882 5.536966

1799.68 5.196402

Share Application money 0.00 0.00 0.00 0.00 0.00 0.00Preference share capital 0.00 0.00 0.00 0.00 0.00 0.00

Reserves 1,286.25 1,691.03 94.2998533

94.46303382

1,818.57

94.803597028

Net worth 1,364.30 1,790.15 100 100 1,918.25

100

Secured loans 224.91 802.77 29.14436 0.52793 802.77 563.25

UnsecureLoans

546.80 929.39 70.85563 61.1279926

1,088.69

10.7896

Total Debt 771.71 1,520.40 99.9999 61.6558 1,891.46

164.25

Minority Interest 105.92 203.06 3.3119043

4.5884184

227.90 4.2482514

Policy holders funds 0.00 0.00 0.00 0.00 0.00 0.00

Group share in joint venture

0.00 0.00 0.00 0.00 0.00 0.00

Total Liabilities 3,198.16 4,425.49 3.3119043

4.5884184

5,364.56

4.2482514

Application of fund

Gross Block 23.93 55.58 198.58921

136.1921 57.56 145.3535

Less: Revaluation reserve 0.00 0.00 0.00 0.00 0.00 0.00

Less: Accum. Depreciation 11.88 14.77 98.859211

36.1921098

18.40 46.98672

Net Block 12.05 40.81 297.43 172.3821 39.16 1496.707

Capital Work in Progress 46.04 70.37 27.07757 22.2725114

82.80 14.8474

Investments 170.03 315.95 27.07757 22.2721 557.67 14.8474

Inventories 650.61 928.33 34.101201

1.1826580 1,038.94 33.192971

Sundry Debtors 63.16 116.23 3.310480 11.9682 90.09 2.8782747

Cash 47.45 652.52 2.4870536

0.15862 356.50 11.3897763

Total current assets

761.22 1,697.08 39.8987 12.36589 1,485.53 32.16585

Loans and Advances

1,777.89 2,050.48 93.1866784

33.569710 2,414.07 56.25694

Total Current Assets, Loans & Advances

2,539.11 3,747.56 133.085404

96.682 3,899.60 789.5661

Current Liabilities

586.44 813.54 30.7377822

2.26589 714.70 118.45

Provision 44.79 50.60 2.23763192

896.256 54.90 896.45

Total CL & Provision

631.23 864.14 33.054141

29.96927 769.60 24.58785

Net Current Assets

1,907.88 2,883.42 4593.148 4896.28 3,130.00 7896.2595

Miscellaneous Expenses

0.00 0.00 0.00 0.00 0.00 0.00

Total Asset 2,136.00 3,310.55 100 100 3,809.71 100

Analysis:

There are some major changes which have occurred in the sources of funds

during 2013 to 2014 but from 2014 to 2015 there are no changes 99.12 to 99.68.

Capital as percentages of total liabilities was increase from 2013 to 2015.

Reserve and surplus has been declined from 2013 to 2014 and 2015. Current

asset have seen a gradual increase from 2013 to 2014 but in 2015 it has been

declined. The cash balance has been in increase during three yrs.

Comparative Income Statement2013 2014 Abs change % of

change2014 2015 Abs

change% of change

Net sales 30,00,000 33,00,000 3,00,000 10.00 33,00,000 35,00,000

2,00,00 6.06.60

Other income 60,000 60,000 0 0 60,000 70,000 10,000 16.6666Total Revenue 30,60,000 33,60,000 3,00,000 9.80 33,60,000 35,70,00

02,10,000

6.25

Expense:Purchase of stock 23,00,000 24,00,000 1,00,000 4.35 24,00,000 26,00,00

02,000 0.00833

Change in inventories

1,00,000 1,20,000 20,000 20.00 1,20,000 15,00,000

1,05,000

875

Emp benefit expense

70,000 90,000 20,000 28.57 90,000 80,000 (10,00 11.1111

Finance costs 60,000 60,000 0 0 60,000 60,000 0 0

Other Expense 80,000 90,000 10,000 12.50 90,000 1,00,000 10,000 11.1111

Total Expense 26,10,000 27,60,000 1,50,000 5.75 27,60,000 42,40,000

14,80,000

53.6231

Profit before tax 4,50,000 6,00,000 1,50,000 33.33 60,000 6,70,000 61,000 101.666

Less: Income Tax

2,25,000 3,00,000 75,000 33.33 3,00,000 5,00,000 2,00,000

666.667

Profit after Tax

2,25,000 3,00,000 75,000 33.33 3,00,000 2,00,000 (1,00,000)

33.334

Analysis: -

The total reserves have however seen an increase from 2013 to

2015.and total Expense also increase from 2013 to 2014 by 5.75%

and in yrs 2015 its increase by 53.623. There was decrease in PAT.

Common size income statement2013 %of total 2014 % of total 2015 % of total

Revenue:Revenue from operation

30,00,000 100 33,00,000 100 35,00,000 100

Other income 60,000 0.19607 60,000 1.785714 70,000 1.96078431Total Revenue 30,60,000 100.19607 33,60,000 101.7857 35,70,000 101.9607Expense:Purchase of stock

23,00,000 88.1226 24,00,000 45.265 26,00,000 78.2358

Change in Inventories

1,00,000 3.8314 1,20,000 0.1559 15,00,000 1.018852

Emp benefit expense

70,000 2.68199 90,000 123.468 80,000 789.2388

Finance Cost 60,000 2.298850 60,000 456.268 60,000 79.19Other Expense 80,000 3.06513 90,000 896.1569 1,00,000 256.125

Total Expense 26,10,000 88027.865 27,60,000 1721.586 42,40,000 59.5555

Profit before tax 4,50,000 200 6,00,000 0.0125 6,70,000 335

Less: income tax 2,25,000 100 3,00,000 100 5,00,000 250

Profit after tax 2,25,000 300 3,00,000 1000125

2,00,000 585

Analysis:

The total reserves have however seen an increase from 2013 to 2015.and total

Expense also increase from 2013 to 2014 by 5.75% and in yrs 2015 its increase

by 53.623. There was decrease in PAT. And in 2014 there was increase in

income tax and in 2015 there is huge change in income tax.

Overall financial position of company

From the study conducted and analyzed so far it seen that organization had the

potential for substantial growth and prosperity. But by comparing with other

company it’s seen like that DLF is the leading real estate company with

maximum amount of total assets 27,825.37. And Godrej properties stood 1th

with good competition in terms of Last share price. The market capital is also

good as comparison of Sobha Developer but far away from the leaders. But by

seen figure sales and net profit it’s less as comparison of other four companies

so, Godrej, need to work on it. Investment in fixed assets, working capital, and

outside the business is remarkably increased during the yrs 2015. Current assets

and investment of enterprise and it possess the sign of growth potential.

References:< http://economictimes.indiatimes.com/godrej-properties-ltd/stock>

<https://www.godrejproperties.com/>

<http://www.momeycontrol.com/>