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 ₹ 71,336 Cr.
  • Current Price ₹ 1,774
  • High / Low ₹ 2,075 / 541
  • Stock P/E 51.9
  • Book Value ₹ 282
  • Dividend Yield 0.08 %
  • ROCE 14.9 %
  • ROE 12.9 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 31.8% CAGR over last 5 years

Cons

  • Stock is trading at 6.30 times its book value
  • The company has delivered a poor sales growth of 8.78% over past five years.
  • Company has a low return on equity of 9.14% over last 3 years.
  • Earnings include an other income of Rs.1,560 Cr.
  • Working capital days have increased from 325 days to 475 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

Consolidated Figures in Rs. Crores / View Standalone

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
2,246 1,416 1,300 1,328 2,400 1,938 1,428 2,317 2,632 1,681 2,236 1,796 2,164
1,710 1,086 936 965 1,901 1,479 1,061 1,745 1,950 1,158 1,651 1,261 1,336
Operating Profit 536 330 364 362 500 459 367 572 682 522 585 535 828
OPM % 24% 23% 28% 27% 21% 24% 26% 25% 26% 31% 26% 30% 38%
2,891 58 46 20 903 223 193 30 341 285 1,020 175 108
Interest 248 132 150 129 174 185 186 201 235 238 264 293 424
Depreciation 122 113 114 113 130 147 163 170 168 166 174 180 197
Profit before tax 3,058 143 146 140 1,098 351 211 232 620 404 1,167 237 314
Tax % 12% 35% 34% 33% 14% 28% 30% 30% 19% 21% 22% 31% 25%
2,677 92 96 94 945 251 149 162 505 318 910 165 236
EPS in Rs 66.42 1.43 1.95 2.20 23.43 5.11 3.51 3.19 11.68 6.66 21.23 2.90 3.49
Raw PDF

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
1,948 2,549 3,420 5,531 4,774 5,499 5,172 8,125 7,242 6,390 8,315 7,877
1,368 1,829 2,426 4,464 3,855 4,222 3,718 5,769 5,308 4,872 6,227 5,379
Operating Profit 579 720 994 1,068 920 1,277 1,454 2,356 1,934 1,517 2,088 2,498
OPM % 30% 28% 29% 19% 19% 23% 28% 29% 27% 24% 25% 32%
64 97 99 288 99 82 232 161 3,036 1,018 780 1,560
Interest 149 229 321 346 316 566 723 1,023 979 555 807 1,219
Depreciation 68 89 140 127 164 155 323 667 593 471 647 716
Profit before tax 426 500 631 882 539 638 640 827 3,398 1,509 1,414 2,122
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
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
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: -5%
Compounded Profit Growth
10 Years: 16%
5 Years: 32%
3 Years: 44%
TTM: 91%
Stock Price CAGR
10 Years: 22%
5 Years: 47%
3 Years: 72%
1 Year: 227%
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
Equity Capital 350 350 375 375 375 375 375 401 401 401 401 401
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
2,539 3,154 4,071 5,374 5,739 7,416 8,487 9,272 4,898 7,412 9,420 13,458
2,375 3,208 4,463 6,886 6,676 6,754 15,720 14,844 12,201 13,664 16,876 23,772
Total Liabilities 7,656 9,342 12,355 16,460 16,830 18,902 28,433 29,476 25,100 30,171 36,271 48,519
2,030 2,377 3,010 932 3,622 5,135 6,732 8,986 3,780 5,858 6,780 8,669
CWIP 912 995 776 982 1,795 2,508 1,645 2,143 2,740 1,725 2,399 2,137
Investments 175 289 279 3,296 355 435 778 789 907 772 1,023 1,279
4,539 5,680 8,291 11,250 11,058 10,825 19,277 17,558 17,672 21,816 26,069 36,434
Total Assets 7,656 9,342 12,355 16,460 16,830 18,902 28,433 29,476 25,100 30,171 36,271 48,519

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 -2,548
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 -612 718

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 3,275
Days Payable 1,795 269 221 633 225
Cash Conversion Cycle 150 104 94 75 77 5,843 117 2,297 1,803 6,918 58 3,107
Working Capital Days 181 147 261 189 220 108 48 -6 75 247 252 475
ROCE % 12% 12% 13% 12% 8% 11% 10% 13% 11% 8% 10% 15%

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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