Is Prestige Estates Projects a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Prestige Estates Projects Ltd is a below average quality company .

Is Prestige Estates Projects undervalued or overvalued?

The key valuation ratios of Prestige Estates Projects Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Prestige Estates Projects share price return in the past 10 years?

Prestige Estates Projects Ltd share price has appreciated 21% annually (CAGR) over the past ten years.

Is Prestige Estates Projects a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Prestige Estates Projects Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

What is the P/E ratio of Prestige Estates Projects?

The latest standalone P/E ratio of Prestige Estates Projects as of 21-Nov-2024 is 591.49.

What is the P/B ratio of Prestige Estates Projects?

The latest standalone P/B ratio of Prestige Estates Projects as of 21-Nov-2024 is 5.83.

Prestige Estates Projects Ltd - Stock Valuation and Financial Performance

Name: Prestige Estates Projects
Brand: Prestige Estates Projects

BSE: 533274 | NSE: PRESTIGE | Construction - Real Estate | Mid Cap

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Prestige EstatesProj Share Price

₹1,653 68.30 4.31%
as on 21-Nov'24 14:30

10 Year X-Ray of Prestige EstatesProj:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	14.1%	9.5%	9.7%	7.4%	8%	9.4%	8.2%	16.7%	7.9%	6.6%	-
Value Creation Index ⓘ	0.1	-0.3	-0.3	-0.5	-0.4	-0.3	-0.4	0.2	-0.4	-0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	2,450	3,261	2,176	2,993	2,441	3,356	4,054	4,559	4,330	2,651	2,732
Sales YoY Gr.	-	33.1%	-33.3%	37.5%	-18.4%	37.5%	20.8%	12.5%	-5%	-38.8%	-
Adj EPS ⓘ	10.7	10.6	10.8	6.2	7.5	5.5	6.6	14	8.2	6.1	2.7
YoY Gr.	-	-0.8%	2.5%	-42.8%	21.2%	-26.5%	20%	111.4%	-41.5%	-25%	-
BVPS (₹) ⓘ	103.9	110.8	126.3	131.1	113.3	131.4	136.7	158.9	165.9	170.5	271.9
Adj Net Profit ⓘ	400	396	406	232	281	221	265	560	328	246	115
Cash Flow from Ops. ⓘ	-407	-163	-106	146	75.3	220	2,885	1,492	706	131	-
Debt/CF from Ops. ⓘ	-5.8	-22.2	-31.1	27.8	63.4	21.9	0.8	1.7	4.7	28.8	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	0.9%	1.7%	-13.2%	-38.8%
Adj EPS ⓘ	-6%	-4%	-2.5%	-25%
BVPSⓘ	5.7%	8.5%	7.6%	2.8%
Share Price	21%	41.5%	52.4%	82.9%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	11.7	9.9	9.1	4.8	6.1	4.6	4.9	9.5	5	3.6	1.2
Op. Profit Mgn % ⓘ	28.5	17.7	20.4	19.2	26.3	29.9	23.2	18.2	22	30.9	27.5
Net Profit Mgn % ⓘ	16.3	12.2	18.7	7.8	11.5	6.6	6.5	12.3	7.6	9.3	4.2
Debt to Equity ⓘ	0.6	0.9	0.7	0.8	1.1	0.9	0.4	0.4	0.5	0.6	0
Working Cap Days ⓘ	859	893	1,657	1,294	1,856	1,463	1,134	1,028	1,122	1,920	732
Cash Conv. Cycle ⓘ	345	324	770	493	1,120	861	660	487	419	705	105

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 1.20%

Sales growth has been subdued in last 3 years -13.20%

Net Profit has been subdued in last 3 years -2.48%

Sales growth is not so good in last 4 quarters at -28.19%

Latest Financials - Prestige Estates Projects Ltd.

	Standalone	Consolidated
TTM EPS (₹)	2.7	15.8
TTM Sales (₹ Cr.)	2,732	8,126
BVPS (₹.) ⓘ	271.9	384.3
Reserves (₹ Cr.) ⓘ	11,280	16,121
P/BV ⓘ	5.83	4.12
PE ⓘ	591.49	100.22

From the Market
52 Week Low / High (₹)	873.00 / 2072.75
All Time Low / High (₹)	57.55 / 2072.75
Market Cap (₹ Cr.)	68,258
Equity (₹ Cr.)	430.7
Face Value (₹)	10
Industry PE ⓘ	72.9

Management X-Ray of Prestige EstatesProj:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Prestige EstatesProj

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Dividend History

Analyst's Notes

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Key Ratios of Prestige EstatesProj

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	2,450	3,261	2,176	2,993	2,441	3,356	4,054	4,559	4,330	2,651
Operating Expenses ⓘ	1,752	2,684	1,732	2,417	1,799	2,357	3,114	3,731	3,379	1,831
Manufacturing Costs	2,327	2,491	1,861	1,283	1,326	1,238	987	942	1,091	1,134
Material Costs	-810	-90	-409	429	-401	413	1,637	2,045	1,497	-125
Employee Cost	131	122	162	156	187	209	207	229	282	349
Other Costs ⓘ	104	161	117	550	687	496	283	516	509	474
Operating Profit ⓘ	698	578	445	575	642	999	941	828	951	820
Operating Profit Margin (%)	28.5%	17.7%	20.4%	19.2%	26.3%	29.8%	23.2%	18.2%	22.0%	30.9%
Other Income ⓘ	123	139	125	111	138	211	174	312	107	255
Interest ⓘ	188	221	191	375	419	573	492	295	331	451
Depreciation ⓘ	42	50	70	56	64	316	306	285	332	400
Exceptional Items ⓘ	0	0	263	0	0	0	-81	540	20	0
Profit Before Tax ⓘ	590	446	572	256	298	322	236	1,100	415	223
Tax ⓘ	176	45	-19	24	9	59	23	153	74	-23
Profit After Tax	414	401	590	232	289	262	213	947	341	246
PAT Margin (%)	16.9%	12.3%	27.1%	7.8%	11.8%	7.8%	5.2%	20.8%	7.9%	9.3%
Adjusted EPS (₹)	11.1	10.7	15.7	6.2	7.7	6.6	5.3	23.6	8.5	6.1
Dividend Payout Ratio (%)	14%	11%	8%	19%	19%	23%	28%	6%	18%	29%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	3,895	4,154	4,737	4,915	4,250	5,267	5,481	6,369	6,649	6,835
Share Capital ⓘ	375	375	375	375	375	401	401	401	401	401
Reserves ⓘ	3,520	3,779	4,362	4,540	3,875	4,866	5,080	5,968	6,248	6,434
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	2,329	3,596	3,291	3,824	4,749	4,343	1,970	2,426	3,013	3,433
Long Term Debt	336	1,032	611	895	1,533	933	650	1,154	934	624
Short Term Debt	1,993	2,564	2,680	2,929	3,216	3,410	1,320	1,272	2,079	2,809
Trade Payables	472	572	647	933	853	758	635	506	503	510
Others Liabilities ⓘ	2,497	3,399	3,630	4,106	8,163	9,014	9,927	7,853	7,679	8,646
Total Liabilities ⓘ	9,193	11,722	12,305	13,778	18,015	19,383	18,013	17,154	17,844	19,424
Fixed Assets
Gross Block	857	676	265	281	1,115	746	670	709	766	1,006
Accumulated Depreciation	328	50	90	130	235	207	181	227	271	337
Net Fixed Assetsⓘ	529	625	175	151	880	539	489	482	495	669
CWIP ⓘ	281	377	176	551	660	773	718	441	174	0
Investmentsⓘ	1,234	1,323	861	1,373	1,898	3,253	1,560	1,566	1,625	1,491
Inventories	2,561	4,142	4,550	3,837	8,062	7,715	6,880	5,430	5,343	5,832
Trade Receivables	741	991	819	860	1,050	963	944	624	398	325
Cash Equivalents	332	251	216	553	356	486	1,587	550	403	556
Others Assetsⓘ	3,515	4,013	5,507	6,453	5,109	5,655	5,835	8,061	9,406	10,550
Total Assets ⓘ	9,193	11,722	12,305	13,778	18,015	19,383	18,013	17,154	17,844	19,424

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-407	-163	-106	146	75	220	2,885	1,492	706	131
PBT ⓘ	590	446	572	256	298	322	236	1,100	415	223
Adjustment ⓘ	36	-142	-427	142	67	315	544	-314	370	339
Changes in Working Capital ⓘ	-848	-294	-167	-170	-256	-352	2103	725	2	-387
Tax Paid ⓘ	-185	-173	-84	-82	-34	-65	1	-20	-81	-45
Cash Flow From Investing Activity ⓘ	-386	-842	23	-884	-251	-390	-749	-2,697	-1,353	32
Capex	-191	-258	-405	-85	-325	-837	-327	389	-369	-363
Net Investments	-25	-707	247	-768	180	208	-81	-127	-60	49
Others ⓘ	-169	122	181	-30	-106	240	-342	-2,959	-923	346
Cash Flow From Financing Activityⓘ	909	938	36	740	295	285	-1,023	143	442	110
Net Proceeds from Shares ⓘ	599	0	0	0	0	894	0	0	0	0
Net Proceeds from Borrowing ⓘ	0	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	-180	-200	-126	-322	-382	-519	-417	-268	-268	-389
Dividend Paid ⓘ	-66	-101	0	-45	-45	-138	0	-60	-60	-60
Others ⓘ	556	1,239	162	1,107	722	48	-605	471	769	559
Net Cash Flow ⓘ	116	-68	-47	2	120	116	1,113	-1,061	-205	272

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	12.07	9.96	13.28	4.81	6.31	5.51	3.96	15.99	5.24	3.65
ROCE (%)	14.11	9.5	9.65	7.42	7.97	9.36	8.15	16.7	7.88	6.55
Asset Turnover Ratio	0.31	0.31	0.18	0.23	0.15	0.18	0.22	0.26	0.25	0.14
PAT to CFO Conversion(x)	-0.98	-0.41	-0.18	0.63	0.26	0.84	13.54	1.58	2.07	0.53
Working Capital Days
Receivable Days	104	97	152	102	143	109	86	63	43	49
Inventory Days	327	375	729	512	890	858	657	493	452	763
Payable Days	-196	-2,124	-545	672	-812	711	155	102	123	-1,484

Prestige Estates Projects Ltd Stock News

Prestige Estates Projects Ltd FAQs

What is the share price of Prestige EstatesProj?

Company share prices are keep on changing according to the market conditions. The closing price of Prestige EstatesProj on 21-Nov-2024 14:30 is ₹1,653.

What is the market cap of Prestige EstatesProj?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 14:30 the market cap of Prestige EstatesProj stood at ₹68,257.8.

What is the P/E ratio of Prestige EstatesProj?

The latest P/E ratio of Prestige EstatesProj as of 21-Nov-2024 14:30 is 591.5.

What is the P/B ratio of Prestige EstatesProj?

The latest P/B ratio of Prestige EstatesProj as of 21-Nov-2024 14:30 is 5.83.

What is the 52-week high and low of Prestige EstatesProj?

The 52-week high of Prestige EstatesProj is ₹2,072.8 and the 52-week low is ₹873.0.

What is the TTM revenue of Prestige EstatesProj?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Prestige EstatesProj is ₹2,732 ( Cr.) .

About Prestige Estates Projects Ltd

Prestige Estate Projects commenced operations as a partnership firm constituted under the Indian Partnership Act, 1932 on April 1, 1986 under the name and style of Prestige Estates and Properties. The partners of the firm were the Late S Razack, Irfan Razack, Rezwan Razack and Sameera Noaman.

The name of the firm was changed to Prestige Estates Projects by a supplementary deed of partnership dated May 12, 1997. The firm was registered as a private limited company under Part-IX of the Companies Act, 1956, on June 4, 1997 with the name as Prestige Estates Projects Private Limited. All the business and property of the erstwhile partnership firm therefore became vested in the company. The company was converted to a public limited company on November 10, 2009 with the name Prestige Estates Projects Limited and received a fresh Certificate of Incorporation consequent upon change in status on November 10, 2009 from the RoC.

Its market leadership is anchored by its efficient execution, unmatched quality, timely delivery, diverse offerings and customer centricity.

Business area of the company

The company is engaged in the business of real estate development. The company’s principal products/services include Development and construction of Properties, Leasing of commercial properties and Share of profit /loss from partnership firm.

Business segments

Residential
Commercial/Office
Retail
Hospitality
Property Management

Awards

FY2017-18

Asia Pacific Property Awards Development
Asia Pacific Property Awards Interior Design
Asia Pacific Property Awards Architecture
BMA Women Entrepreneur of the Year
CIDC Vishwakarma Award 2017
Asia One World’s Greatest Brands 2016-17
Power Awards 2017
ICI (BC) - Birla Super Award for Outstanding Concrete Structure of Karnataka Building Category - 2017
Govt. of Karnataka Power Award
ET Most Promising Business Leader Award
Realty Plus Award
Shopping Centre and Mall Awards
Asia’s Most Promising Brands 2017
CREDAI CARE Award

FY2018-19

Asia's Most Admired Awards
Bangalore Best Brand
Extraordinaire Brand
CNBC Awaaz 12th Real Estate Awards
CNBC Real Estate Awards 2017
Davinci Award Publicity on Commonfloor
Credai Membership Certificate 2018-19
Grohe Hurun Award
ICI (BC) Birla Super Awards
IGBC Gold Rating For Prestige Exora Business Park
Shopping Center Awards
Lifetime Achivement Award
Prestige Exora - IGBC Certificate (Gold Rated)
Times Business Awards

FY2019-20

Best Retail Project Forum Vijaya Mall
Best Residential Project (Ultra Luxury) Kingfisher Towers
Best Residential Project (Mid Segment) Prestige Lakeside Habitat
Shopping Mall of the Year (South) Forum Shantiniketan
Ultra Luxury Residential Project of the Year (National) - Kingfisher Towers
Best Commercial Complex- Forum Centre City
FIABCI Prix D’Excellence Awards in (Silver Category) Conrad Hotel, Bengaluru
Shopping Centre of the Year (Metro-South) Forum Mall, Hyderabad
IBC InfoMedia Pvt Ltd India’s for Most Trusted Real Estate Co
ET Global Awards For Retail Excellence, 2020 for Shopping Centre of the Year (Retailers’ Choice) Forum Mall, Koramangala
The Institute of Cost Accountants of India - Global Summit 2020 CEO of the Year to Mr. Venkat K. Narayana Award received from Shri Piyush Goyal

Milestones and achievements

1986: The company commenced operations as the partnership firm Prestige Estates and Properties
1988: Completed Copper Arch on Infantry Road, its first project
1995: Inaugurated Whistling Palms, its first plotted development project
1997: The name of the partnership firm was changed to Prestige Estates Projects
1997: The firm -- Prestige Estates Project -- was registered as Prestige Estates Projects Private Limited, a private limited company under Part-IX of the Companies Act, 1956
1997: Inaugurated Prestige Elgin, its 50th project
1998: Foray into property management services
2000: Inaugurated Prestige Acropolis
2001: Received ISO 9001:2000 Certification
2001: Commenced operation of Angsana, its first hospitality project
2003: Received CRISIL DA-1 rating (indicating excellent rating for ability to execute real estate projects as per specified quality level within stipulated time schedule and ability to transfer clean title)
2004: Inaugurated Forum Mall, its first retail project
2006: Inaugurated Prestige Ozone, a villa development
2006: Launched Prestige Shantinikethan, an integrated township
2006: Launched Cessna Business Park, an SEZ
2007: Entered into a relationship with Red Fort India Real Estate Holdco ILLC to develop commercial space and townships.
2007: Expanded operations to Cochin, Chennai and Hyderabad
2007: Inaugurated UB City, its largest mixed use development
2008: The company started operations of Oakwood Premier Prestige, serviced apartments at UB City
2008: Inaugurated the Collections, a luxury mall at UB City
2008: Entered into strategic alliance with CRIDF for developing malls across South India
2008: Launched Prestige Golfshire
2008: Entered into a relationship with UIOF
2009: The company was converted into a public limited company with the name Prestige Estates Projects Limited and received a fresh Certificate of Incorporation consequent upon change in status from the RoC.
2009: The company inaugurated the Forum Value Mall
2010: Launched Prestige White Meadows
2010: The Prestige Estates IPO opens on Oct 12, 2010
2015-16: Launched seven projects namely, Prestige Song of South in Bengaluru; Prestige Hillside Gateway in Kochi; Prestige Kew Gardens in Bengaluru; Prestige Boulevard in Bengaluru; Prestige Fairfield in Bengaluru; Prestige Technostar in Bengaluru and Prestige Misty Waters (Phase 2) in Bengaluru
2016-17: The Company has launched two residential projects aggregating to 1.98 million square feet of total developable area.
2016-17: Acquisition of balance stake of Prestige Exora Business Parks Limited - The Company has acquired the balance stake of 63.94% of Equity Shares from Valdel Xtent Outsourcing Solutions Private Limited, also a wholly owned subsidiary of the Company
2017-18: Entered three new markets i.e. Pune, Ahmedabad & Udaipur and spreading wings to Mumbai and NCR
2017-18: Signed platform deal worth Rs 25,000 million with HDFC Capital for mid-income/ affordable housing projects
2017-18: Acquisition of CapitaLand Group stake in mall entities - to contribute incremental rental
2017-18: Acquired 80% stake in SPV to build state-of-the-art commercial/office space in ORR, Bengaluru
2017-18: Acquisition of additional 49% stake in Prestige Pallavaram Ventures with potential total area for residential development
2018-19: The company launched projects spanning 6.63 mn sq. ft. across segments and geographies
2018-19: The company signed two prime real estate deals in Mumbai - one in Worli and the other in the Bandra Kurla Complex
2019-20: Then company recorded the highest number of launches and completions this year, totaling 17.12 mn sq.ft. and 19.32 mn sq. ft., respectively, surpassing its annual guidance
2020-2021: The company acquires 99% stake in Ace Realty Ventures
2020-2021: Prestige Group ties up with Awfis to set up 6 co-working centres
2020-2021: The company enters into agreement with Mysore Projects