Prestige Estates Projects Ltd

Prestige Estates Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Prestige Estates Projects Ltd

₹ 1,774 -0.74%
22 Jul - close price
prestigeconstructions.com BSE: 533274 NSE: PRESTIGE
About

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]

Key Points

Business Portfolio FY24[1]
1. Residential: The co has completed 150 residential projects comprising a total area of 127 mn sq. ft. Currently, it has 37 ongoing projects for 65 msqft and 30 projects under the planning stage for 75 mn sqft.[2]
2. Commercial Offices: The co has completed 125 office projects comprising a total area of 50 mn sq. ft. Under this segment, it currently has 12 ongoing projects for 23 mn Sq.ft and has 7 projects under the planning stage across 8 mn sqft.[3]
3. Retail: The co has completed 13 retail projects comprising a total area of 10 mn sq. ft. Under this segment, it currently has 1 ongoing projects for 1 mn Sq. ft and 6 projects for total 6 mn sqft are under the planning stage.[4]
4. Hospitality: The co. develops landmark hotels, resorts, spas and service apartments. the co has completed 12 projects comprising a total of 4 mn sqft(Operating 10 Hotels - 1439 Keys). Under this segment, it currently has 3 ongoing projects of toal 3 mn sqft(566 Keys) and 5 projects are under planning comprising 2 mn sqft (2575 keys).[5]
5. Property Management Services: The portfolio is balanced across different assets. 185 projects under Maintenance with total area of 120 mn sqft, 95 projects in Pipeline with total area of 150 mn sqft.[6]

Website BSE NSE
  • Market Cap ₹ 71,125 Cr.
  • Current Price ₹ 1,774
  • High / Low ₹ 2,075 / 541
  • Stock P/E 289
  • Book Value ₹ 170
  • Dividend Yield 0.08 %
  • ROCE 5.87 %
  • ROE 3.65 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 17.8%

Cons

  • Stock is trading at 10.4 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
1,367 842 867 997 1,853 949 817 1,300 1,264 535 960 579 578
1,115 711 730 779 1,510 725 622 981 1,051 349 718 399 366
Operating Profit 252 131 137 217 343 224 195 318 213 186 242 180 212
OPM % 18% 16% 16% 22% 19% 24% 24% 24% 17% 35% 25% 31% 37%
-23 58 109 85 600 54 26 22 25 36 98 31 90
Interest 94 71 72 72 80 74 80 82 96 92 102 101 157
Depreciation 76 70 70 69 75 73 82 89 88 90 99 99 112
Profit before tax 59 48 104 161 788 131 60 170 54 41 139 11 33
Tax % 38% 17% 18% 25% 11% 14% 24% 19% 16% 4% 7% -3% -105%
36 39 85 121 702 112 45 138 45 39 129 11 67
EPS in Rs 0.91 0.98 2.12 3.03 17.50 2.80 1.13 3.45 1.13 0.97 3.22 0.28 1.66
Raw PDF
Upcoming result date: 31 July 2024

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: 22%
5 Years: 47%
3 Years: 72%
1 Year: 227%
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% 6%

Shareholding Pattern

Numbers in percentages

1 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
65.48% 65.48% 65.48% 65.48% 65.48% 65.48% 65.48% 65.48% 65.48% 65.48% 65.48% 65.48%
25.31% 24.67% 24.28% 23.73% 23.17% 22.21% 21.19% 20.68% 19.50% 18.07% 16.06% 16.83%
5.68% 6.37% 6.82% 7.59% 8.09% 9.41% 10.50% 11.27% 12.82% 13.17% 14.96% 14.43%
3.53% 3.47% 3.42% 3.20% 3.26% 2.90% 2.83% 2.57% 2.20% 3.28% 3.51% 3.27%
No. of Shareholders 48,84658,20860,58357,79062,49661,40966,43259,39974,5501,13,1741,47,3411,57,402

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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