Prestige Estates Projects Ltd
PRESTIGEPrestige Estates Projects Ltd
PRESTIGEPrice Chart
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
104.38 | 6.02 | 0.10% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
64.16 | 4.27 | 0.70% |
Forecast & Ratings
Detailed Forecast from 15 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
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
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Compare with peersÂDLF Ltd
Macrotech Developers Ltd
Godrej Properties Ltd
Oberoi Realty Ltd
Phoenix Mills Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
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Total Revenue | 5,820.80 | 4,873.80 | 5,580.10 | 5,404.20 | 8,285.70 | 10,278.00 | 7,408.10 | 9,096.70 | 9,436.60 | 8,690.60 | ||||||||||
Raw Materials | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5,359.70 | ||||||||||
Power & Fuel Cost | 10.10 | 10.80 | 59.90 | 115.80 | 114.30 | 63.80 | 44.90 | 93.60 | 185.50 | |||||||||||
Employee Cost | 203.00 | 293.30 | 295.80 | 398.60 | 460.10 | 420.30 | 451.00 | 603.40 | 746.70 | |||||||||||
Selling & Administrative Expenses | 199.00 | 162.20 | 245.80 | 271.00 | 349.00 | 231.40 | 390.50 | 1,093.30 | 1,373.90 | |||||||||||
Operating & Other expenses | 4,052.70 | 3,388.40 | 3,620.10 | 2,932.70 | 4,845.40 | 4,593.10 | 3,986.10 | 4,438.40 | 3,072.60 | |||||||||||
EBITDA | 1,356.00 | 1,019.10 | 1,358.50 | 1,686.10 | 2,516.90 | 4,969.40 | 2,535.60 | 2,868.00 | 4,057.90 | 3,330.90 | ||||||||||
Depreciation/Amortization | 127.40 | 163.70 | 154.70 | 322.90 | 666.70 | 592.60 | 471.00 | 647.10 | 716.50 | 767.80 | ||||||||||
PBIT | 1,228.60 | 855.40 | 1,203.80 | 1,363.20 | 1,850.20 | 4,376.80 | 2,064.60 | 2,220.90 | 3,341.40 | 2,563.10 | ||||||||||
Interest & Other Items | 346.20 | 316.00 | 565.70 | 722.80 | 1,023.30 | 979.30 | 555.30 | 806.60 | 1,219.10 | 1,419.60 | ||||||||||
PBT | 882.40 | 539.40 | 638.10 | 640.40 | 826.90 | 3,397.50 | 1,509.30 | 1,414.30 | 2,122.30 | 1,143.50 | ||||||||||
Taxes & Other Items | 272.60 | 274.50 | 266.80 | 224.80 | 423.80 | 615.20 | 359.30 | 472.50 | 748.20 | 462.40 | ||||||||||
Net Income | 609.80 | 264.90 | 371.30 | 415.60 | 403.10 | 2,782.30 | 1,150.00 | 941.80 | 1,374.10 | 681.10 | ||||||||||
EPS | 16.26 | 7.06 | 9.90 | 11.08 | 10.39 | 69.41 | 28.69 | 23.49 | 34.28 | 16.99 | ||||||||||
DPS | 1.20 | 1.20 | 1.20 | 1.50 | 1.50 | 1.50 | 1.50 | 1.50 | 1.80 | 1.80 | ||||||||||
Payout ratio | 0.07 | 0.17 | 0.12 | 0.14 | 0.14 | 0.02 | 0.05 | 0.06 | 0.05 | 0.11 |
Company Updates
Annual report
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PDFInvestor Presentation
Peers & Comparison
Real EstateReal Estate
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Prestige Estates Projects Ltd | 51.74 | 6.02 | 0.10% |
DLF Ltd | 74.70 | 5.17 | 0.61% |
Macrotech Developers Ltd | 80.64 | 7.12 | 0.18% |
Godrej Properties Ltd | 106.44 | 7.49 | — |
Price Comparison
Compare PRESTIGE with any stock or ETFShareholdings
Promoter Holdings Trend
Decreased Total Promoter Holding
In last 6 months, promoter holding in the company has decreased by 4.54%
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Increased Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has increased by 2.29%
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
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) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
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HDFC Flexi Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.0646% | Percentage of the fund’s portfolio invested in the stock 1.17% | Change in the portfolio weight of the stock over the last 3 months -0.64% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 23/60 (-8) |
Nippon India Growth Fund - Growth Option - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.8579% | Percentage of the fund’s portfolio invested in the stock 1.80% | Change in the portfolio weight of the stock over the last 3 months -0.25% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 3/102 (-2) |
Mirae Asset Large & Midcap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.7081% | Percentage of the fund’s portfolio invested in the stock 1.32% | Change in the portfolio weight of the stock over the last 3 months -0.50% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 62/105 (-8) |
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Events
Dividend Trend
No Dividend Cuts
PRESTIGE has increased or maintained dividend levels over the last 5 years
Dividend Yield
Current dividend yield is 0.10%. An investment of ₹1,000 in the stock is expected to generate dividend of ₹1.01 every year
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateSep 23, 2024
Dividend/Share
₹1.80
Ex DateEx Date
Sep 23, 2024
Cash Dividend
Ex DateEx DateSep 14, 2023
Dividend/Share
₹1.50
Ex DateEx Date
Sep 14, 2023
Cash Dividend
Ex DateEx DateSep 19, 2022
Dividend/Share
₹1.50
Ex DateEx Date
Sep 19, 2022
Cash Dividend
Ex DateEx DateSep 17, 2021
Dividend/Share
₹1.50
Ex DateEx Date
Sep 17, 2021
Cash Dividend
Ex DateEx DateMar 19, 2020
Dividend/Share
₹1.50
Ex DateEx Date
Mar 19, 2020
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
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
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
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
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
Prestige Estates Projects will hold a meeting of the Board of Directors of the Company on 29 October 2024.Powered by Capital Market - Live
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
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
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
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
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 11.79%, vs industry avg of 3.72%
Increasing Market Share
Over the last 5 years, market share increased from 8% to 10.43%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 27.02%, vs industry avg of 14.37%