Prime Property Development Corporation Ltd

Prime Property Development Corporation Ltd

₹ 32.0 -2.14%
26 Apr - close price
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 54.3 Cr.
  • Current Price 32.0
  • High / Low 37.8 / 13.4
  • Stock P/E 4.07
  • Book Value 44.2
  • Dividend Yield 0.00 %
  • ROCE 0.21 %
  • ROE 9.09 %
  • Face Value 5.00

Pros

  • Company is almost debt free.
  • Stock is trading at 0.72 times its book value

Cons

  • Company has a low return on equity of -8.84% over last 3 years.
  • Earnings include an other income of Rs.3.25 Cr.
  • Working capital days have increased from 6,05,535 days to 18,56,390 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: Construction Industry: Construction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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 26.28 8.38
20.48 1.30 0.90 0.84 0.85 0.83 0.76 0.78 0.63 0.45 0.61 21.55 7.30
Operating Profit -20.48 -1.30 1.68 -4.63 -0.85 -0.83 -0.76 -0.78 -0.63 -0.45 -0.61 4.73 1.08
OPM % 65.12% 18.00% 12.89%
0.07 1.03 0.00 0.00 0.03 0.35 0.20 0.17 0.17 2.76 0.15 0.12 0.22
Interest 0.12 0.04 0.14 0.04 0.05 0.05 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 -20.55 -0.33 1.52 -4.77 -0.97 -0.63 -0.67 -0.72 -0.58 2.09 -0.85 4.69 1.19
Tax % 0.00% 84.85% 0.00% 0.00% 0.00% -3.17% 0.00% 0.00% 0.00% -297.61% 0.00% 0.00% 0.00%
-20.55 -0.05 1.52 -4.78 -0.97 -0.65 -0.67 -0.72 -0.58 8.31 -0.85 4.69 1.19
EPS in Rs -12.11 -0.03 0.90 -2.82 -0.57 -0.38 -0.39 -0.42 -0.34 4.90 -0.50 2.76 0.70
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
0 104 5 25 -0 48 9 7 4 -0 -0 -0 35
2 86 4 23 2 19 4 3 3 22 3 3 30
Operating Profit -2 18 1 2 -2 30 5 4 1 -22 -3 -3 5
OPM % 17% 28% 8% 62% 60% 55% 27% 14%
0 0 2 3 3 5 1 1 1 1 -1 3 3
Interest 2 3 1 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax -4 15 2 5 1 34 6 4 1 -21 -5 -0 7
Tax % 37% 34% -50% 76% 62% 37% 20% 32% 1% 1% -0% 31,100%
-3 10 4 1 0 21 5 3 1 -21 -5 6 13
EPS in Rs -1.41 4.82 1.87 0.71 0.27 12.63 2.70 1.70 0.81 -12.43 -2.87 3.65 7.86
Dividend Payout % -35% 21% 0% 142% 377% 8% 37% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -50%
Compounded Profit Growth
10 Years: -4%
5 Years: 6%
3 Years: 70%
TTM: 609%
Stock Price CAGR
10 Years: 11%
5 Years: 8%
3 Years: 51%
1 Year: 120%
Return on Equity
10 Years: 2%
5 Years: -4%
3 Years: -9%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 10 10 8 8 8 8 8 8 8 8 8 8
Reserves 52 60 63 58 56 75 80 81 82 61 56 63 67
29 7 0 0 0 0 0 0 0 0 0 6 0
52 45 7 14 13 11 8 6 4 3 3 4 6
Total Liabilities 144 121 80 80 78 95 96 95 94 72 68 81 81
32 32 31 28 28 28 28 28 28 28 29 4 4
CWIP 28 31 10 10 10 10 10 10 10 10 11 0 0
Investments 1 1 1 1 1 0 0 0 0 16 0 0 0
83 57 38 41 39 56 58 57 56 18 29 76 77
Total Assets 144 121 80 80 78 95 96 95 94 72 68 81 81

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
15 19 9 6 -5 1 2 1 -1 1 -1 -0
-8 -4 0 3 3 1 0 0 0 1 -0 1
-7 -15 -9 -6 -2 -2 -2 -2 0 0 -0 -0
Net Cash Flow 0 0 -0 4 -4 0 1 -0 -0 2 -1 1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 177 12 0 0 0 0 0 0 0 0 0
Inventory Days 0 5,051 458 -459,170 0 0 0 -1,929,755
Days Payable 71 4
Cash Conversion Cycle 177 4,993 454 -459,170 0 0 0 0 0 0 -1,929,755
Working Capital Days 40 2,349 360 927,100 -52 -131 -65 -155 -20,440 -19,345 1,856,390
ROCE % -2% 21% 5% 7% 2% 46% 7% 5% 1% -25% -7% 0%

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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