Prime Property Development Corporation Ltd

Prime Property Development Corporation Ltd

₹ 32.8 1.67%
25 Apr 2:39 p.m.
About

Incorporated in 1992, Prime Property Development Corporation Ltd is engaged in the business of real estate, property development and investment & trading in securities.

Key Points

Business Overview:[1]
Company's area of operation is mainly the Western suburbs of Mumbai. Identifying and developing stand alone buildings in the luxurious and semi-luxurious segment is the specialization of company.

  • Market Cap 55.6 Cr.
  • Current Price 32.8
  • High / Low 37.8 / 12.5
  • Stock P/E 6.00
  • Book Value 45.9
  • Dividend Yield 0.00 %
  • ROCE 1.05 %
  • ROE 9.29 %
  • Face Value 5.00

Pros

  • Company is almost debt free.
  • Stock is trading at 0.73 times its book value

Cons

  • Company has a low return on equity of -7.68% over last 3 years.
  • Earnings include an other income of Rs.5.59 Cr.

* 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: Construction Industry: Construction

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
-0.00 -0.00 2.58 -3.79 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00
20.46 1.19 0.87 0.82 0.82 0.74 0.71 0.69 0.67 0.47 0.42 0.35 0.40
Operating Profit -20.46 -1.19 1.71 -4.61 -0.82 -0.74 -0.71 -0.69 -0.67 -0.47 -0.42 -0.35 -0.40
OPM % 66.28%
0.07 1.03 -0.00 -0.00 0.03 0.35 0.23 0.22 0.25 3.05 0.97 0.81 0.76
Interest 0.10 0.02 0.12 0.01 0.01 0.01 0.01 0.01 0.02 0.12 0.29 0.06 0.01
Depreciation 0.02 0.02 0.02 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10
Profit before tax -20.51 -0.20 1.57 -4.72 -0.90 -0.50 -0.59 -0.58 -0.54 2.36 0.16 0.30 0.25
Tax % -0.00% 140.00% -0.00% -0.00% -0.00% -4.00% -0.00% -0.00% -0.00% -263.56% -0.00% -0.00% -0.00%
-20.51 0.08 1.57 -4.72 -0.90 -0.52 -0.60 -0.58 -0.54 8.57 0.16 0.30 0.24
EPS in Rs -12.09 0.05 0.93 -2.78 -0.53 -0.31 -0.35 -0.34 -0.32 5.05 0.09 0.18 0.14
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
-0.00 103.50 5.00 25.16 -0.01 48.44 9.00 7.00 3.56 -0.01 -0.02 -0.01 0.00
1.81 85.82 3.56 20.34 2.01 18.47 3.47 3.05 2.51 22.19 3.23 2.53 1.64
Operating Profit -1.81 17.68 1.44 4.82 -2.02 29.97 5.53 3.95 1.05 -22.20 -3.25 -2.54 -1.64
OPM % 17.08% 28.80% 19.16% 61.87% 61.44% 56.43% 29.49%
0.07 0.15 1.91 3.33 3.45 4.58 0.53 0.55 0.60 1.28 -0.82 3.75 5.59
Interest 1.99 2.75 0.52 -0.00 -0.00 0.03 0.02 -0.00 -0.00 0.13 0.16 0.16 0.48
Depreciation 0.43 0.34 0.27 0.15 0.14 0.15 0.15 0.08 0.08 0.08 0.32 0.40 0.40
Profit before tax -4.16 14.74 2.56 8.00 1.29 34.37 5.89 4.42 1.57 -21.13 -4.55 0.65 3.07
Tax % 37.98% 34.19% -52.73% 48.62% 54.26% 37.01% 19.86% 31.00% 1.27% 1.33% -0.44% -956.92%
-2.58 9.70 3.91 4.10 0.59 21.65 4.72 3.05 1.55 -20.85 -4.57 6.87 9.27
EPS in Rs -1.29 4.85 1.96 2.42 0.35 12.76 2.78 1.80 0.91 -12.29 -2.69 4.05 5.46
Dividend Payout % -38.76% 20.62% -0.00% 41.41% 287.80% 7.84% 35.97% -0.00% -0.00% -0.00% -0.00% -0.00%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -50%
Compounded Profit Growth
10 Years: -3%
5 Years: 8%
3 Years: 68%
TTM: 514%
Stock Price CAGR
10 Years: 11%
5 Years: 8%
3 Years: 50%
1 Year: 145%
Return on Equity
10 Years: 3%
5 Years: -3%
3 Years: -8%
Last Year: 9%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 10.00 10.00 10.00 8.49 8.49 8.49 8.49 8.49 8.49 8.49 8.49 8.49 8.49
Reserves 53.08 60.46 64.37 61.96 60.51 79.57 84.26 85.63 87.25 66.48 62.00 68.97 69.42
22.29 -0.00 -0.00 -0.00 0.05 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 5.82 0.25
52.50 45.05 6.77 14.14 13.10 11.28 7.91 6.04 3.69 2.63 3.27 2.75 2.46
Total Liabilities 137.87 115.51 81.14 84.59 82.15 99.34 100.66 100.16 99.43 77.60 73.76 86.03 80.62
2.81 2.48 2.21 1.99 2.04 2.01 1.90 1.92 1.81 1.74 2.53 2.11 1.90
CWIP 18.83 21.50 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00
Investments 31.50 31.50 30.75 30.75 30.75 30.20 30.18 30.14 30.11 46.56 30.10 30.10 30.10
84.73 60.03 48.18 51.85 49.36 67.13 68.58 68.10 67.51 29.30 41.13 53.82 48.62
Total Assets 137.87 115.51 81.14 84.59 82.15 99.34 100.66 100.16 99.43 77.60 73.76 86.03 80.62

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
26.27 26.18 1.27 6.11 -4.76 -5.54 2.02 1.44 -0.51 1.05 -1.02 -0.58
-6.38 -2.64 0.79 3.32 3.26 7.72 0.32 0.43 0.47 0.53 -0.26 1.61
-19.79 -23.45 -2.32 -5.91 -1.99 -2.09 -1.70 -2.04 -0.00 -0.00 -0.15 -0.16
Net Cash Flow 0.10 0.09 -0.26 3.52 -3.50 0.08 0.65 -0.17 -0.03 1.58 -1.43 0.87

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 176.93 12.41 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00
Inventory Days -0.00 5,051.13 457.96 -459,170.00 -0.00 -0.00 -0.00 -0.00
Days Payable 68.29 3.79
Cash Conversion Cycle 176.93 4,995.25 454.16 -459,170.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00 -0.00
Working Capital Days 47.47 2,349.14 359.92 927,830.00 -52.37 -131.81 -65.70 -155.84 -20,440.00 -18,980.00 -36,135.00
ROCE % -2.26% 22.45% 4.79% 11.05% 1.85% 43.79% 6.54% 4.73% 1.49% -23.22% -6.65% 1.05%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
72.13% 72.13% 72.13% 72.13% 72.13% 72.13% 72.13% 72.13% 72.13% 72.57% 72.57% 72.57%
27.87% 27.87% 27.87% 27.87% 27.87% 27.87% 27.88% 27.88% 27.87% 27.43% 27.41% 27.43%
No. of Shareholders 3,0703,0283,1663,1683,1573,1863,1773,1433,0262,9883,1153,366

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