Prestige Estates Projects Ltd

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

Prestige Estates Projects Ltd

₹ 1,650 4.11%
21 Nov 4:00 p.m.
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 ₹ 70,986 Cr.
  • Current Price ₹ 1,650
  • High / Low ₹ 2,075 / 894
  • Stock P/E 104
  • Book Value ₹ 384
  • Dividend Yield 0.11 %
  • ROCE 14.9 %
  • ROE 12.9 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 31.7% CAGR over last 5 years

Cons

  • Stock is trading at 4.29 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -4.54%
  • The company has delivered a poor sales growth of 8.78% over past five years.
  • Company has a low return on equity of 9.13% over last 3 years.

* 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

Part of Nifty LargeMidcap 250 Nifty Midcap 150 Nifty 200 Nifty Alpha 50 BSE Allcap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
1,300 1,328 2,400 1,938 1,428 2,317 2,632 1,681 2,236 1,796 2,164 1,862 2,304
936 965 1,901 1,479 1,061 1,745 1,950 1,158 1,651 1,261 1,336 1,079 1,684
Operating Profit 364 362 500 459 367 572 682 522 585 535 828 784 620
OPM % 28% 27% 21% 24% 26% 25% 26% 31% 26% 30% 38% 42% 27%
46 20 903 223 193 30 341 285 1,020 175 108 162 119
Interest 150 129 174 185 186 201 235 238 264 293 424 346 356
Depreciation 114 113 130 147 163 170 168 166 174 180 197 190 200
Profit before tax 146 140 1,098 351 211 232 620 404 1,167 237 314 409 183
Tax % 34% 33% 14% 28% 30% 30% 19% 21% 22% 31% 25% 25% -28%
96 94 945 251 149 162 505 318 910 165 236 307 235
EPS in Rs 1.95 2.20 23.43 5.11 3.51 3.19 11.68 6.66 21.23 2.90 3.49 5.80 4.46
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,948 2,549 3,420 5,531 4,774 5,499 5,172 8,125 7,242 6,390 8,315 7,877 8,126
1,368 1,829 2,426 4,464 3,855 4,222 3,718 5,769 5,308 4,872 6,227 5,379 5,360
Operating Profit 579 720 994 1,068 920 1,277 1,454 2,356 1,934 1,517 2,088 2,498 2,767
OPM % 30% 28% 29% 19% 19% 23% 28% 29% 27% 24% 25% 32% 34%
64 97 99 288 99 82 232 161 3,036 1,018 780 1,560 564
Interest 149 229 321 346 316 566 723 1,023 979 555 807 1,219 1,420
Depreciation 68 89 140 127 164 155 323 667 593 471 647 716 768
Profit before tax 426 500 631 882 539 638 640 827 3,398 1,509 1,414 2,122 1,144
Tax % 31% 35% 42% 26% 31% 33% 31% 34% 15% 20% 25% 23%
291 321 367 653 373 425 442 549 2,878 1,215 1,067 1,629 942
EPS in Rs 8.17 8.98 8.86 16.26 7.06 9.90 11.08 10.06 69.41 28.69 23.49 34.28 16.65
Dividend Payout % 15% 17% 17% 7% 17% 12% 14% 15% 2% 5% 6% 5%
Compounded Sales Growth
10 Years: 12%
5 Years: 9%
3 Years: 3%
TTM: -8%
Compounded Profit Growth
10 Years: 16%
5 Years: 32%
3 Years: 44%
TTM: -60%
Stock Price CAGR
10 Years: 21%
5 Years: 42%
3 Years: 55%
1 Year: 82%
Return on Equity
10 Years: 9%
5 Years: 9%
3 Years: 9%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 350 350 375 375 375 375 375 401 401 401 401 401 431
Reserves 2,392 2,629 3,446 3,825 4,040 4,358 3,852 4,959 7,600 8,694 9,574 10,888 16,121
2,539 3,154 4,071 5,374 5,739 7,416 8,487 9,272 4,898 7,412 9,420 13,458 12,351
2,375 3,208 4,463 6,886 6,676 6,754 15,720 14,844 12,201 13,664 16,876 23,227 25,652
Total Liabilities 7,656 9,342 12,355 16,460 16,830 18,902 28,433 29,476 25,100 30,171 36,271 47,974 54,556
2,030 2,377 3,010 932 3,622 5,135 6,732 8,986 3,780 5,858 6,780 8,669 9,323
CWIP 912 995 776 982 1,795 2,508 1,645 2,143 2,740 1,725 2,399 2,137 2,059
Investments 175 289 279 3,296 355 435 778 789 907 772 1,023 1,279 1,380
4,539 5,680 8,291 11,250 11,058 10,825 19,277 17,558 17,672 21,816 26,069 35,889 41,793
Total Assets 7,656 9,342 12,355 16,460 16,830 18,902 28,433 29,476 25,100 30,171 36,271 47,974 54,556

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
106 148 -478 435 514 1,072 762 2,226 1,839 2,140 1,540 1,297
-662 -693 -426 -710 -522 -2,005 -549 -2,346 355 -4,016 -2,697 -2,455
823 371 1,104 225 -80 960 87 252 -634 1,598 546 1,969
Net Cash Flow 267 -174 200 -50 -87 26 300 133 1,560 -278 -612 812

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 150 104 94 75 77 64 117 66 69 81 58 57
Inventory Days 7,574 2,500 1,954 7,470
Days Payable 1,795 269 221 633
Cash Conversion Cycle 150 104 94 75 77 5,843 117 2,297 1,803 6,918 58 57
Working Capital Days 181 147 261 189 220 108 48 -6 75 247 252 436
ROCE % 12% 12% 13% 12% 8% 11% 10% 13% 11% 8% 10% 15%

Shareholding Pattern

Numbers in percentages

4 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
65.48% 65.48% 65.48% 65.48% 65.48% 65.48% 65.48% 65.48% 65.48% 65.48% 65.48% 60.95%
24.67% 24.28% 23.73% 23.17% 22.21% 21.19% 20.68% 19.50% 18.07% 16.06% 16.83% 19.12%
6.37% 6.82% 7.59% 8.09% 9.41% 10.50% 11.27% 12.82% 13.17% 14.96% 14.43% 16.75%
3.47% 3.42% 3.20% 3.26% 2.90% 2.83% 2.57% 2.20% 3.28% 3.51% 3.27% 3.19%
No. of Shareholders 58,20860,58357,79062,49661,40966,43259,39974,5501,13,1741,47,3411,57,4021,67,028

* 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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