Prestige Estates Projects Ltd
Prestige Estate Projects has diversified business model across various segments, viz Residential, Office, Retail, Hospitality, Property Management and Warehouses with operations in more than 12 major locations in India.[1]
- Market Cap ₹ 73,959 Cr.
- Current Price ₹ 1,844
- High / Low ₹ 2,075 / 521
- Stock P/E 301
- Book Value ₹ 170
- Dividend Yield 0.08 %
- ROCE 5.87 %
- ROE 3.65 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 17.8%
Cons
- Stock is trading at 10.8 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 1.66% over past five years.
- Tax rate seems low
- Company has a low return on equity of 5.43% over last 3 years.
- Working capital days have increased from 271 days to 432 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Realty Industry: Construction
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,512 | 2,005 | 2,450 | 3,261 | 2,176 | 2,992 | 2,441 | 3,356 | 4,054 | 4,559 | 4,330 | 2,651 | |
1,095 | 1,503 | 1,752 | 2,684 | 1,732 | 2,417 | 1,799 | 2,354 | 3,114 | 3,731 | 3,378 | 1,831 | |
Operating Profit | 417 | 503 | 698 | 578 | 445 | 575 | 642 | 1,002 | 941 | 828 | 952 | 820 |
OPM % | 28% | 25% | 28% | 18% | 20% | 19% | 26% | 30% | 23% | 18% | 22% | 31% |
94 | 147 | 123 | 139 | 388 | 111 | 138 | 208 | 93 | 852 | 126 | 255 | |
Interest | 90 | 126 | 188 | 221 | 191 | 375 | 419 | 573 | 492 | 295 | 331 | 451 |
Depreciation | 33 | 36 | 42 | 50 | 70 | 56 | 64 | 316 | 306 | 285 | 332 | 400 |
Profit before tax | 389 | 488 | 590 | 446 | 572 | 256 | 298 | 322 | 236 | 1,100 | 415 | 223 |
Tax % | 29% | 30% | 30% | 10% | -3% | 9% | 3% | 18% | 10% | 14% | 18% | -10% |
276 | 340 | 414 | 401 | 590 | 232 | 289 | 262 | 213 | 947 | 341 | 246 | |
EPS in Rs | 7.89 | 9.71 | 11.05 | 10.69 | 15.74 | 6.19 | 7.71 | 6.55 | 5.31 | 23.63 | 8.50 | 6.13 |
Dividend Payout % | 15% | 15% | 14% | 11% | 8% | 19% | 19% | 23% | 28% | 6% | 18% | 29% |
Compounded Sales Growth | |
---|---|
10 Years: | 3% |
5 Years: | 2% |
3 Years: | -13% |
TTM: | -39% |
Compounded Profit Growth | |
---|---|
10 Years: | -3% |
5 Years: | -2% |
3 Years: | -4% |
TTM: | -24% |
Stock Price CAGR | |
---|---|
10 Years: | 21% |
5 Years: | 45% |
3 Years: | 86% |
1 Year: | 221% |
Return on Equity | |
---|---|
10 Years: | 6% |
5 Years: | 5% |
3 Years: | 5% |
Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 350 | 350 | 375 | 375 | 375 | 375 | 375 | 401 | 401 | 401 | 401 | 401 |
Reserves | 2,358 | 2,621 | 3,520 | 3,779 | 4,362 | 4,540 | 3,875 | 4,866 | 5,080 | 5,968 | 6,248 | 6,434 |
1,559 | 1,810 | 2,366 | 3,618 | 3,300 | 4,040 | 4,771 | 4,819 | 2,960 | 3,118 | 4,204 | 5,292 | |
1,720 | 2,009 | 2,339 | 3,949 | 4,339 | 4,891 | 9,268 | 9,502 | 9,758 | 7,794 | 7,079 | 7,408 | |
Total Liabilities | 5,987 | 6,789 | 8,599 | 11,722 | 12,377 | 13,846 | 18,289 | 19,589 | 18,200 | 17,281 | 17,932 | 19,534 |
423 | 431 | 529 | 151 | 436 | 699 | 880 | 2,195 | 1,629 | 1,444 | 2,053 | 2,863 | |
CWIP | 160 | 224 | 281 | 377 | 176 | 551 | 660 | 773 | 718 | 441 | 174 | 0 |
Investments | 1,075 | 1,202 | 1,234 | 1,798 | 861 | 1,373 | 1,898 | 3,253 | 1,560 | 1,566 | 1,625 | 1,491 |
4,329 | 4,932 | 6,555 | 9,396 | 10,904 | 11,222 | 14,851 | 13,368 | 14,292 | 13,829 | 14,080 | 15,180 | |
Total Assets | 5,987 | 6,789 | 8,599 | 11,722 | 12,377 | 13,846 | 18,289 | 19,589 | 18,200 | 17,281 | 17,932 | 19,534 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
6 | -9 | -407 | -163 | -106 | 146 | 75 | 220 | 2,885 | 1,492 | 706 | 130 | |
-364 | -243 | -386 | -842 | 23 | -884 | -251 | -390 | -749 | -2,696 | -1,353 | 32 | |
606 | 76 | 909 | 938 | 36 | 740 | 295 | 285 | -1,023 | 143 | 442 | 110 | |
Net Cash Flow | 248 | -176 | 116 | -68 | -47 | 2 | 120 | 116 | 1,113 | -1,061 | -205 | 272 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 185 | 119 | 110 | 111 | 137 | 105 | 157 | 105 | 85 | 50 | 34 | 45 |
Inventory Days | 11,767 | 3,008 | 1,169 | 2,207 | ||||||||
Days Payable | 1,156 | 278 | 109 | 193 | ||||||||
Cash Conversion Cycle | 185 | 119 | 110 | 111 | 137 | 105 | 157 | 10,716 | 2,815 | 1,110 | 34 | 2,059 |
Working Capital Days | 325 | 263 | 350 | 304 | 469 | 178 | 230 | 92 | 63 | 175 | 206 | 432 |
ROCE % | 13% | 14% | 14% | 10% | 6% | 7% | 8% | 9% | 9% | 9% | 7% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 29 Jun
- Closure of Trading Window 28 Jun
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 27 Jun
- Announcement under Regulation 30 (LODR)-Qualified Institutional Placement 21 Jun
- Board Meeting Outcome for For Raising Of Funds Through Qualified Institutional Placement And Monetization Of Hospitality Assets 21 Jun
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
-
Financial Year 2011
from nse
-
Financial Year 2010
from bse
Concalls
-
May 2024Transcript PPT REC
-
Feb 2024TranscriptNotesPPT
-
Feb 2024Transcript PPT
-
Feb 2024TranscriptPPT
-
Nov 2023Transcript PPT
-
Aug 2023Transcript PPT
-
Jun 2023TranscriptNotesPPT
-
May 2023Transcript PPT
-
Feb 2023TranscriptPPT
-
Nov 2022TranscriptNotesPPT
-
Feb 2018TranscriptNotesPPT
-
Sep 2016TranscriptNotesPPT
-
May 2016TranscriptNotesPPT
-
Feb 2016TranscriptNotesPPT
Market Presence
The Company is maintaining a leadership position in Bengaluru and has a significant presence in Hyderabad and Chennai. It has also extended operations in recent years to Kochi, Mangalore, Goa, Mysore, Pune, Mumbai, Ahmedabad, NCR and Udaipur. [1]