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Prestige Estates Projects Ltd

PRESTIGE

Prestige Estates Projects Ltd

PRESTIGE
Real EstateReal Estate
MidcapWith a market cap of ₹76,262 cr, stock is ranked 135
High RiskStock is 3.57x as volatile as Nifty
1,751.501.01% (+17.50)
1,751.501.01% (+17.50)

Price Chart

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Real EstateReal Estate
MidcapWith a market cap of ₹76,262 cr, stock is ranked 135
High RiskStock is 3.57x as volatile as Nifty
Scorecard

Performance

Avg

Price return has been average, nothing exciting

Valuation

High

Seems to be overvalued vs the market average

Growth

Low

Lagging behind the market in financials growth

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is overpriced but is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

Real EstateReal Estate
MidcapWith a market cap of ₹76,262 cr, stock is ranked 135
High RiskStock is 3.57x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
111.976.460.09%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
67.784.510.66%

Forecast & Ratings

Detailed Forecast 
88%
Analysts have suggested that investors can buy this stock

from 16 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Prestige Estates Projects Limited is a real estate development company engaged in the development and construction of properties, and leasing of commercial properties.

Investor Presentation

View older 

Oct 29, 2024

PDF
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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 11.79%, vs industry avg of 3.72%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 8% to 10.43%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 27.02%, vs industry avg of 14.37%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue5,820.804,873.805,580.105,404.208,285.7010,278.007,408.109,096.709,436.608,690.60
Raw Materialssubtract0.000.000.000.000.000.000.000.000.005,359.70
Power & Fuel Costsubtract10.1010.8059.90115.80114.3063.8044.9093.60185.50
Employee Costsubtract203.00293.30295.80398.60460.10420.30451.00603.40746.70
Selling & Administrative Expensessubtract199.00162.20245.80271.00349.00231.40390.501,093.301,373.90
Operating & Other expensessubtract4,052.703,388.403,620.102,932.704,845.404,593.103,986.104,438.403,072.60
Depreciation/Amortizationsubtract127.40163.70154.70322.90666.70592.60471.00647.10716.50767.80
Interest & Other Itemssubtract346.20316.00565.70722.801,023.30979.30555.30806.601,219.101,419.60
Taxes & Other Itemssubtract272.60274.50266.80224.80423.80615.20359.30472.50748.20462.40
EPS16.267.069.9011.0810.3969.4128.6923.4934.2816.99
DPS1.201.201.201.501.501.501.501.501.801.80
Payout ratio0.070.170.120.140.140.020.050.060.050.11

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

May 26PDF
Feb 9PDF
Nov 12PDF
Aug 10PDF
FY 2023

Annual report

PDF

Investor Presentation

May 30PDF
Feb 15PDF
Nov 10PDF
Aug 9PDF
FY 2024

Annual report

PDF

Investor Presentation

Aug 9PDF
FY 2025

Annual Report Pending

Investor Presentation

Oct 29PDF
 

Peers & Comparison

Comparing 3 stocks from 
Real EstateReal Estate

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Prestige Estates Projects Ltd55.506.460.09%
DLF Ltd76.975.320.59%
Macrotech Developers Ltd88.227.790.16%
Godrej Properties Ltd120.448.48—

Price Comparison

Compare PRESTIGE with any stock or ETF
Compare PRESTIGE with any stock or ETF
PRESTIGE
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Shareholdings

Promoter Holdings Trend

Decreased Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has decreased by 4.54%

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Increased Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has increased by 2.29%

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding60.94%13.18%3.57%19.12%3.19%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep9.26%12.18%11.91%13.49%12.99%13.18%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding Prestige Estates Projects Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
HDFC Flexi Cap Fund - Growth - Direct Plan

Growth
0.9924%1.17%-0.64%23/60 (-8)
Nippon India Growth Fund - Growth Option - Direct Plan

Growth
0.7998%1.80%-0.25%3/102 (-2)
Mirae Asset Large & Midcap Fund - Growth - Direct Plan

Growth
0.6601%1.32%-0.50%62/105 (-8)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have Prestige Estates Projects Ltd

Events

Dividend Trend

No Dividend Cuts

Dividends are the portion of earnings that a company distributes to all its shareholders every year

PRESTIGE has increased or maintained dividend levels over the last 5 years

Dividend Yield

Dividend return is one of the most important things to be considered while investing for long term. It is the additional return on top of what investors earn through price appreciation

Current dividend yield is 0.09%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹0.95 every year

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateSep 23, 2024

Final
Final | Div/Share: ₹1.80

Dividend/Share

₹1.80

Ex DateEx Date

Sep 23, 2024

Cash Dividend

Ex DateEx DateSep 14, 2023

Final
Final | Div/Share: ₹1.50

Dividend/Share

₹1.50

Ex DateEx Date

Sep 14, 2023

Cash Dividend

Ex DateEx DateSep 19, 2022

Final
Final | Div/Share: ₹1.50

Dividend/Share

₹1.50

Ex DateEx Date

Sep 19, 2022

Cash Dividend

Ex DateEx DateSep 17, 2021

Final
Final | Div/Share: ₹1.50

Dividend/Share

₹1.50

Ex DateEx Date

Sep 17, 2021

Cash Dividend

Ex DateEx DateMar 19, 2020

Interim
Interim | Div/Share: ₹1.50

Dividend/Share

₹1.50

Ex DateEx Date

Mar 19, 2020

News & Opinions
Spotlight
Prestige Estates Projects Ltd Falls 3.44%

Prestige Estates Projects Ltd lost 3.44% today to trade at Rs 1646.95. The BSE Realty index is down 0.54% to quote at 7988.53. The index is up 3.48 % over last one month. Among the other constituents of the index, Sunteck Realty Ltd decreased 1.94% and Godrej Properties Ltd lost 1.14% on the day. The BSE Realty index went up 42.72 % over last one year compared to the 20.87% surge in benchmark SENSEX. Prestige Estates Projects Ltd has lost 0.36% over last one month compared to 3.48% gain in BSE Realty index and 0.02% drop in the SENSEX. On the BSE, 2784 shares were traded in the counter so far compared with average daily volumes of 22139 shares in the past one month. The stock hit a record high of Rs 2072.75 on 24 Jun 2024. The stock hit a 52-week low of Rs 926.6 on 28 Nov 2023.Powered by Capital Market - Live

1 week agoCapital Market - Live
Spotlight
Prestige Estates acquires land worth Rs 291 cr in Mira Bhayandar

The acquired land will be planned for residential development spanning approximately 1 Million sq ft of carpet area. The cost of acquisition is around Rs 291.58 crore. Irfan Razack, chairman and managing director of Prestige Group, said, 'We are thrilled to announce the expansion of our presence in Mumbai with the acquisition of this land parcel together with all rights. This development, with a projected 1 million square feet of carpet area, underscores our commitment to strengthening our footprint in the Mumbai region and meeting the evolving demands of modern urban living. This strategic addition will further our vision of creating transformative spaces that deliver long-term value to our communities and stakeholders.' Prestige Group, one of the leading real estate developers in the country, has a legacy of over three decades in real estate development. It has diversified business model across various segments, viz residential, office, retail, hospitality, property management and warehouses with operations in more than 13 major locations in India. The Group has completed 300 projects spanning a developable area of approximately 190 million square feet. The company reported 77.41% decline in consolidated net profit to Rs 192.20 crore in Q2 FY25 as against Rs 850.90 crore recorded in Q2 FY24. Revenue from operations grew 3.04% year on year (YoY) to Rs 2,304.40 crore in the quarter ended 30 September 2024. The counter advanced 1.79% to end at Rs 1547.80 on Thursday, 14 November 2024.Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Spotlight
Prestige Estates Q2 PAT tumbles 77% YoY to Rs 192 cr

However, revenue from operations grew 3.04% year on year (YoY) to Rs 2,304.40 crore in the quarter ended 30 September 2024. Profit before tax stood at Rs 182.70 crore in September 2024 quarter, down 84.34% from Rs 1,166.70 crore reported in same quarter last year. The company's EBITDA dropped 53.43% YoY to Rs 750.7 crore while EBITDA margin stood at 30.97% during the period under review. During Q2 FY25, the group has registered sales of Rs 4,022.6 crore (down 43% YoY) and the collections stood at Rs 2,737.2 crore (up 4% YoY). The sales during this period are attributed to 3 mn sft volume with an average realization of Rs 13,782 per sft (for apartments / villas) and Rs 6,645 per sft (for plots). The number of units sold during the second quarter of FY25 stood at 1,366 units. As on 30 September 2024, the company's net debt was at Rs 359.21 crore and debt equity ratio was at 0.21 and average borrowing cost was at 10.69%. On half year basis the company's consolidated net profit dropped 62% to Rs 424.80 crore in H1 FY25 as against Rs 1,117.80 crore posted in H1 FY24. However the company's revenue from operation increased 6.36% YoY to Rs 4,166.50 crore in H1 FY25. Prestige Group, one of the leading real estate developers in the country, has a legacy of over three decades in real estate development. It has diversified business model across various segments, viz residential, office, retail, hospitality, property management and warehouses with operations in more than 13 major locations in India. The Group has completed 300 projects spanning a developable area of approximately 190 million square feet. The scrip rose 0.19% to Rs 1,609.50 on the BSE. Powered by Capital Market - Live

1 month agoCapital Market - Live
Earnings
Prestige Estates Projects consolidated net profit declines 77.41% in the September 2024 quarter

Net profit of Prestige Estates Projects declined 77.41% to Rs 192.20 crore in the quarter ended September 2024 as against Rs 850.90 crore during the previous quarter ended September 2023. Sales rose 3.04% to Rs 2304.40 crore in the quarter ended September 2024 as against Rs 2236.40 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales2304.402236.40 3 OPM %26.9126.16 - PBDT383.101340.80 -71 PBT182.701166.70 -84 NP192.20850.90 -77 Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Prestige Estates Projects

The acquired land will be planned for residential development spanning approximately 2.68 million square feet of developable area. Irfan Razack, chairman and managing director of Prestige Group, said: 'We are excited to expand our presence in Bengaluru with the acquisition of this prime 17.45-acre land parcel adjacent to our recently launched project - Prestige Raintree Park. This development, projected at 2.28 million square feet represents our ongoing commitment to delivering integrated, high-quality spaces that cater to the evolving needs of modern urban living.' Prestige Group has a diversified business model across residential, office, retail, and hospitality segments with operations in 12 key locations in India. The company's consolidated net profit fell 12.85% to Rs 232.6 crore in Q1 FY25 as against Rs 266.9 crore recorded in Q1 FY24. Revenue from operations grew 10.78% year on year (YoY) to Rs 1,862.1 crore in the quarter ended 30 June 2024. The scrip fell 2.84% to currently trade at Rs 1606 on the BSE. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Prestige Estates Projects to table results

Prestige Estates Projects will hold a meeting of the Board of Directors of the Company on 29 October 2024.Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Prestige Estates Projects Ltd Spurts 2.46%

Prestige Estates Projects Ltd rose 2.46% today to trade at Rs 1885.25. The BSE Realty index is up 0.57% to quote at 8878.75. The index is up 9.51 % over last one month. Among the other constituents of the index, Godrej Properties Ltd increased 0.76% and Sunteck Realty Ltd added 0.71% on the day. The BSE Realty index went up 92.6 % over last one year compared to the 28.88% surge in benchmark SENSEX. Prestige Estates Projects Ltd has added 10.31% over last one month compared to 9.51% gain in BSE Realty index and 4.29% rise in the SENSEX. On the BSE, 10689 shares were traded in the counter so far compared with average daily volumes of 50693 shares in the past one month. The stock hit a record high of Rs 2072.75 on 24 Jun 2024. The stock hit a 52-week low of Rs 591.85 on 03 Oct 2023.Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Prestige Estates Projects AGM scheduled

Prestige Estates Projects announced that the 27th Annual General Meeting (AGM) of the company will be held on 30 September 2024.Powered by Capital Market - Live

2 months agoCapital Market - Live
Spotlight
Prestige Estates Projects Ltd leads losers in 'A' group

CCL Products (India) Ltd, Hatsun Agro Product Ltd, Globus Spirits Ltd and PCBL Ltd are among the other losers in the BSE's 'A' group today, 05 September 2024.Prestige Estates Projects Ltd crashed 5.29% to Rs 1770.7 at 14:45 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 55461 shares were traded on the counter so far as against the average daily volumes of 43044 shares in the past one month.CCL Products (India) Ltd tumbled 4.85% to Rs 790.9. The stock was the second biggest loser in 'A' group.On the BSE, 38573 shares were traded on the counter so far as against the average daily volumes of 29517 shares in the past one month.Hatsun Agro Product Ltd lost 4.31% to Rs 1271. The stock was the third biggest loser in 'A' group.On the BSE, 5212 shares were traded on the counter so far as against the average daily volumes of 5152 shares in the past one month.Globus Spirits Ltd fell 3.81% to Rs 1059.6. The stock was the fourth biggest loser in 'A' group.On the BSE, 36779 shares were traded on the counter so far as against the average daily volumes of 47287 shares in the past one month.PCBL Ltd shed 3.65% to Rs 491.65. The stock was the fifth biggest loser in 'A' group.On the BSE, 3.76 lakh shares were traded on the counter so far as against the average daily volumes of 4.56 lakh shares in the past one month.Powered by Capital Market - Live

3 months agoCapital Market - Live
Spotlight
Prestige Estates spurts on launching QIP; floor price at Rs 1,755.09/share

The company's board authorized and declared the opening of the issue on Thursday, 29 August 2024. The floor price of Rs 1,755.09 is at a premium of 1.79% to the previous day's closing price of Rs 1,724.25 on the BSE. The company stated that it may offer a discount of not more than 5% on the floor price so calculated for the issue. Prestige Group, one of the leading real estate developers in the country, has a legacy of over three decades in real estate development. It has diversified business model across various segments, viz residential, office, retail, hospitality, property management and warehouses with operations in more than 13 major locations in India. The Group has completed 300 projects spanning a developable area of approximately 190 million square feet. The company's consolidated net profit fell 12.85% to Rs 232.6 crore in Q1 FY25 as against Rs 266.9 crore recorded in Q1 FY24. Revenue from operations grew 10.78% year on year (YoY) to Rs 1,862.1 crore in the quarter ended 30 June 2024. Powered by Capital Market - Live

3 months agoCapital Market - Live