Prime Property Development Corporation Ltd
₹ 33.5
9.97%
04 Jun
- close price
About
Incorporated in 1992, Prime Property Development Corporation Ltd is in the business of real estate construction.[1]
Key Points
- Market Cap ₹ 56.9 Cr.
- Current Price ₹ 33.5
- High / Low ₹ 44.0 / 15.4
- Stock P/E 16.8
- Book Value ₹ 49.3
- Dividend Yield 0.00 %
- ROCE 6.35 %
- ROE 4.14 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
- Stock is trading at 0.68 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 2.53% over last 3 years.
- Earnings include an other income of Rs.7.00 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
Consumer Discretionary Realty Realty Residential, Commercial Projects
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 25.16 | -0.01 | 48.44 | 9.00 | 7.00 | 3.56 | -0.01 | -0.02 | -0.01 | -0.01 | -0.01 | 0.00 | |
| 20.34 | 2.01 | 18.47 | 3.47 | 3.05 | 2.51 | 22.19 | 3.23 | 2.53 | 1.62 | 1.65 | 1.74 | |
| Operating Profit | 4.82 | -2.02 | 29.97 | 5.53 | 3.95 | 1.05 | -22.20 | -3.25 | -2.54 | -1.63 | -1.66 | -1.74 |
| OPM % | 19.16% | 61.87% | 61.44% | 56.43% | 29.49% | |||||||
| 3.33 | 3.45 | 4.58 | 0.53 | 0.55 | 0.60 | 1.28 | -0.82 | 3.75 | 3.11 | 4.75 | 7.00 | |
| Interest | 0.00 | 0.00 | 0.03 | 0.02 | 0.00 | 0.00 | 0.13 | 0.16 | 0.16 | 0.38 | 0.03 | 0.64 |
| Depreciation | 0.15 | 0.14 | 0.15 | 0.15 | 0.08 | 0.08 | 0.08 | 0.32 | 0.40 | 0.40 | 0.10 | 0.06 |
| Profit before tax | 8.00 | 1.29 | 34.37 | 5.89 | 4.42 | 1.57 | -21.13 | -4.55 | 0.65 | 0.70 | 2.96 | 4.56 |
| Tax % | 48.62% | 54.26% | 37.01% | 19.86% | 31.00% | 1.27% | -1.33% | 0.44% | -956.92% | 31.43% | 26.69% | 25.66% |
| 4.10 | 0.59 | 21.65 | 4.72 | 3.05 | 1.55 | -20.85 | -4.57 | 6.87 | 0.47 | 2.17 | 3.39 | |
| EPS in Rs | 2.42 | 0.35 | 12.76 | 2.78 | 1.80 | 0.91 | -12.29 | -2.69 | 4.05 | 0.28 | 1.28 | 2.00 |
| Dividend Payout % | 41.41% | 287.80% | 7.84% | 35.97% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -100% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 17% |
| 3 Years: | -21% |
| TTM: | 56% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 19% |
| 3 Years: | 22% |
| 1 Year: | -10% |
| Return on Equity | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | 2% |
| 3 Years: | 3% |
| Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 8.49 | 8.49 | 8.49 | 8.49 | 8.49 | 8.49 | 8.49 | 8.49 | 8.49 | 8.49 | 8.49 | 8.49 |
| Reserves | 61.96 | 60.51 | 79.57 | 84.26 | 85.63 | 87.25 | 66.48 | 62.00 | 68.97 | 69.48 | 71.67 | 75.19 |
| 0.00 | 0.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 5.82 | 0.00 | 0.00 | 0.00 | |
| 14.14 | 13.10 | 11.28 | 7.91 | 6.04 | 3.69 | 2.63 | 3.27 | 2.75 | 2.55 | 2.16 | 1.59 | |
| Total Liabilities | 84.59 | 82.15 | 99.34 | 100.66 | 100.16 | 99.43 | 77.60 | 73.76 | 86.03 | 80.52 | 82.32 | 85.27 |
| 1.99 | 2.04 | 2.01 | 1.90 | 1.92 | 1.81 | 1.74 | 2.53 | 2.11 | 1.70 | 1.60 | 31.02 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 30.75 | 30.75 | 30.20 | 30.18 | 30.14 | 30.11 | 46.56 | 30.10 | 30.10 | 30.10 | 30.10 | 30.10 |
| 51.85 | 49.36 | 67.13 | 68.58 | 68.10 | 67.51 | 29.30 | 41.13 | 53.82 | 48.72 | 50.62 | 24.15 | |
| Total Assets | 84.59 | 82.15 | 99.34 | 100.66 | 100.16 | 99.43 | 77.60 | 73.76 | 86.03 | 80.52 | 82.32 | 85.27 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6.11 | -4.76 | -5.54 | 2.02 | 1.44 | -0.51 | 1.05 | -1.02 | -0.58 | -4.39 | -4.72 | 26.68 | |
| 3.32 | 3.26 | 7.72 | 0.32 | 0.43 | 0.47 | 0.53 | -0.26 | 1.61 | 3.11 | 4.75 | -21.97 | |
| -5.91 | -1.99 | -2.09 | -1.70 | -2.04 | 0.00 | 0.00 | -0.15 | -0.16 | -0.37 | -0.03 | -0.64 | |
| Net Cash Flow | 3.52 | -3.50 | 0.08 | 0.65 | -0.17 | -0.03 | 1.58 | -1.43 | 0.87 | -1.65 | 0.00 | 4.07 |
| Free Cash Flow | 6.10 | -4.95 | -5.65 | 1.98 | 1.33 | -0.48 | 1.04 | -2.14 | -0.58 | -4.39 | -4.72 | 27.41 |
| CFO/OP | 127% | 236% | 13% | 86% | 58% | -35% | -5% | 29% | 21% | 251% | 273% | -1,536% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Inventory Days | 457.96 | -459,170.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||
| Days Payable | 3.79 | |||||||||||
| Cash Conversion Cycle | 454.16 | -459,170.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Working Capital Days | 359.92 | 927,830.00 | -52.37 | -131.81 | -65.70 | -155.84 | -20,440.00 | -18,980.00 | -248,565.00 | 590,205.00 | 825,630.00 | |
| ROCE % | 11.05% | 1.85% | 43.79% | 6.54% | 4.73% | 1.49% | -23.22% | -6.65% | 1.05% | 1.34% | 3.78% | 6.35% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory (Work-in-Progress/Land) Rs. in Thousands |
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| Capital Work-in-Progress (Consolidated) Rs. in Thousands |
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| Number of Employees on Payroll Number |
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| Mumbai Real Estate Market Units Sold (Contextual) Number of Units |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1 Jun - Submission of newspaper clipping of Audited results for FY 31st March 2026.
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Announcement under Regulation 30 (LODR)-Change in Management
30 May - Board approved FY2026 audited standalone and consolidated results, received unmodified audit opinions, appointed internal auditor.
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Audited Financial Results Standalone And Consolidated Of Quarter And Year Ended 31St March 2026
30 May - Board approved FY26 standalone and consolidated audited results; appointed internal auditor; auditors issued unmodified opinions.
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Board Meeting Outcome for Outcome Of Board Meeting
30 May - Board approved audited standalone and consolidated FY2026 results; auditors issued unmodified opinion; appointed internal auditor.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
29 May - Annual Secretarial Compliance Report for FY ended 31 March 2026 filed; no violations observed.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from bse
Business Overview:[1][2]
PPDCL operates in a single business segment of property development. It builds high-end urban properties having projects located mainly in the Western suburbs of Mumbai, from Bandra to
Goregaon. The company's property development is broadly classified into categories comprising the residential apartments, celebrity houses, commercial properties and malls.