GODREJPROP, buy the dip? Realty sector expected to boom.Hello traders,
this is another stock which is at dip, and has great potential for upmove in the long run, is it the right time to buy the dip? Let us look onto the fundamental analysis of GODREJPROP.
Do note that although I haven't mentioned most of the information, but a short note so that you can check out important points and it will take less time :)
realty sector is expected to boom as finance minister is thinking to give budget boost to realty sector.
godrejprop is one of the best stocks in realty sector with a market cap of 33,358 cr, and is now at long term support.
A short description about the company:
Godrej Properties Limited (GPL) is the real estate development arm of the Godrej Group, which was started in 1897 and is today one of India’s most successful conglomerates. Godrej Properties brings the Godrej Group philosophy of innovation, sustainability, and excellence to the real estate industry.
If you look at the consolidated financial statements of the company over the last 5 years:
Over the last 5 years, revenue has grown at a yearly rate of 8.33%, vs industry avg of 1.51%
Over the last 5 years, market share increased from 3.09% to 4.14%
Over the last 5 years, net income has grown at a yearly rate of 11.25%, vs industry avg of 10.31%
Over the last 5 years, Industry current ratio has been 146.22%, vs industry avg of 133.65%
the company also has a higher EPS (Earnings Per Share) indicating a high profitability.
Expected earnings growth of 90.98% for next year is more than last 3 year CAGR earnings growth of 3.73%
The Co. focuses on creating a healthy project pipeline. While continuing its focus on the four key markets of Mumbai, National Capital Region, Bengaluru and Pune, the company is now also looking to enter peripheral markets and tier 2 cities through plotted developments.
Also, The company has the lowest bank funding cost of 5.95% p.a. in the sector due to its robust financial position and the goodwill of the company for being a part of Godrej Group.
Pros of the company at current scenario:
* Company is expected to give good quarterly results.
* Debtor days have been improved from 74.2 to 38.3 days.
this is the latest News about godrejprop :
Godrej properties has sold over 1 million square feet of area at the launch of a new project, Celeste, in its township, Godrej Garden City, in Ahmedabad.
The company has sold 870 homes with a booking value of approximately Rs 435 crore since the project was launched in October, last year, it said in a statement.
The project covers nearly 2.3 hectares and includes 8 towers which offer homes and retail outlets of various configurations. It also has a wide range of state-of-the-art amenities covering social, health, and leisure requirements across age groups.
If you look at the charts, the stock is at a 4 year old long term support zone, and it expected to give reversal. also the stock is near 52 week lows.
Given below are the links of my ideas of my other long term picks that are recently posted. Do check it out :)
Market has crashed so few of our stocks have corrected from our entry prices. Don't worry, these companies are fundamentally good and therefore we can keep accumulating on dips.
As always, simple and neat charts so everyone can understand and not make it too complicated.
Will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Aniket.
keep learning and keep earning.
