Prime Property Development Corporation Ltd
Incorporated in 1992, Prime Property Development Corporation Ltd is in the business of real estate construction.[1]
- Market Cap ₹ 56.9 Cr.
- Current Price ₹ 33.5
- High / Low ₹ 44.0 / 15.4
- Stock P/E 2.30
- Book Value ₹ 62.1
- Dividend Yield 0.00 %
- ROCE 35.0 %
- ROE 26.6 %
- Face Value ₹ 5.00
Pros
- Company is almost debt free.
- Stock is trading at 0.54 times its book value
- Company has delivered good profit growth of 26.5% CAGR over last 5 years
- Company's working capital requirements have reduced from 1,002 days to 60.5 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 13.8% over last 3 years.
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | -0 | 48 | 9 | 7 | 4 | -0 | -0 | -0 | 56 | 8 | 75 | |
| 23 | 2 | 19 | 4 | 3 | 3 | 22 | 3 | 3 | 47 | 6 | 50 | |
| Operating Profit | 2 | -2 | 30 | 5 | 4 | 1 | -22 | -3 | -3 | 9 | 2 | 26 |
| OPM % | 8% | 62% | 60% | 55% | 27% | 16% | 27% | 34% | ||||
| 3 | 3 | 5 | 1 | 1 | 1 | 1 | -1 | 3 | 1 | 3 | 7 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 5 | 1 | 34 | 6 | 4 | 1 | -21 | -5 | -0 | 9 | 5 | 33 |
| Tax % | 76% | 62% | 37% | 20% | 32% | 1% | -1% | 0% | -31,100% | 27% | 44% | 24% |
| 1 | 0 | 21 | 5 | 3 | 1 | -21 | -5 | 6 | 7 | 3 | 25 | |
| EPS in Rs | 0.71 | 0.27 | 12.63 | 2.70 | 1.70 | 0.81 | -12.43 | -2.87 | 3.65 | 3.84 | 1.59 | 14.57 |
| Dividend Payout % | 142% | 377% | 8% | 37% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 867% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 49% |
| 5 Years: | 27% |
| 3 Years: | 59% |
| TTM: | 819% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 19% |
| 3 Years: | 22% |
| 1 Year: | -10% |
| Return on Equity | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 9% |
| 3 Years: | 14% |
| Last Year: | 27% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 |
| Reserves | 58 | 56 | 75 | 80 | 81 | 82 | 61 | 56 | 63 | 69 | 72 | 97 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 0 | 0 | 0 | |
| 14 | 13 | 11 | 8 | 6 | 4 | 3 | 3 | 4 | 4 | 17 | 9 | |
| Total Liabilities | 80 | 78 | 95 | 96 | 95 | 94 | 72 | 68 | 81 | 82 | 98 | 115 |
| 28 | 28 | 28 | 28 | 28 | 28 | 28 | 29 | 4 | 4 | 4 | 58 | |
| CWIP | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 11 | 0 | 0 | 0 | 0 |
| Investments | 1 | 1 | 0 | 0 | 0 | 0 | 16 | 0 | 0 | 0 | 0 | 0 |
| 41 | 39 | 56 | 58 | 57 | 56 | 18 | 29 | 76 | 78 | 94 | 57 | |
| Total Assets | 80 | 78 | 95 | 96 | 95 | 94 | 72 | 68 | 81 | 82 | 98 | 115 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| 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 | -5 | 1 | 2 | 1 | -1 | 1 | -1 | -0 | -2 | 4 | ||
| 3 | 3 | 1 | 0 | 0 | 0 | 1 | -0 | 1 | 1 | 3 | ||
| -6 | -2 | -2 | -2 | -2 | 0 | 0 | -0 | -0 | -0 | -0 | ||
| Net Cash Flow | 4 | -4 | 0 | 1 | -0 | -0 | 2 | -1 | 1 | -1 | 7 | |
| Free Cash Flow | 6 | -5 | 1 | 2 | 1 | -0 | 1 | -2 | -0 | -2 | 4 | |
| CFO/OP | 318% | 226% | 36% | 88% | 60% | -39% | -5% | 28% | 0% | -4% | 267% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 63 |
| Inventory Days | 458 | -459,170 | 0 | 0 | 0 | -1,929,755 | 0 | |||||
| Days Payable | 4 | |||||||||||
| Cash Conversion Cycle | 454 | -459,170 | 0 | 0 | 0 | 0 | 0 | 0 | -1,929,755 | 0 | 0 | 63 |
| Working Capital Days | 360 | 927,100 | -52 | -131 | -65 | -155 | -20,440 | -19,345 | 1,643,960 | 363 | 2,581 | 61 |
| ROCE % | 7% | 2% | 46% | 7% | 5% | 1% | -25% | -7% | 0% | 12% | 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 ・Standalone data |
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| Mumbai Real Estate Market Units Sold (Contextual) Number of Units ・Standalone data |
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Extracted by Screener AI
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
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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
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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.