Prestige Estates Projects Ltd
Prestige Estate Projects has diversified business model across various segments, viz Residential, Office, Retail, Hospitality, Property Management and Warehouses with operations in more than 12 major locations in India.[1]
- Market Cap ₹ 56,221 Cr.
- Current Price ₹ 1,307
- High / Low ₹ 1,814 / 1,048
- Stock P/E 584
- Book Value ₹ 274
- Dividend Yield 0.14 %
- ROCE 4.35 %
- ROE 1.44 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 29.5%
Cons
- Stock is trading at 4.77 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -3.06% over past five years.
- Tax rate seems low
- Company has a low return on equity of 3.12% over last 3 years.
- Earnings include an other income of Rs.385 Cr.
- Promoter holding has decreased over last 3 years: -4.54%
- Working capital days have increased from 54.8 days to 217 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
Consumer Discretionary Realty Realty Residential, Commercial Projects
Part of BSE 500 BSE 200 BSE Dollex 200 Nifty 500 Nifty Midcap 100
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2,005 | 2,450 | 3,261 | 2,176 | 2,992 | 2,441 | 3,356 | 4,054 | 4,559 | 4,330 | 2,651 | 2,873 | 2,971 | |
| 1,503 | 1,752 | 2,684 | 1,732 | 2,417 | 1,799 | 2,354 | 3,114 | 3,731 | 3,378 | 1,831 | 2,221 | 2,255 | |
| Operating Profit | 503 | 698 | 578 | 445 | 575 | 642 | 1,002 | 941 | 828 | 952 | 820 | 652 | 716 |
| OPM % | 25% | 28% | 18% | 20% | 19% | 26% | 30% | 23% | 18% | 22% | 31% | 23% | 24% |
| 147 | 123 | 139 | 388 | 111 | 138 | 208 | 93 | 852 | 126 | 255 | 526 | 385 | |
| Interest | 126 | 188 | 221 | 191 | 375 | 419 | 573 | 492 | 295 | 331 | 451 | 566 | 603 |
| Depreciation | 36 | 42 | 50 | 70 | 56 | 64 | 316 | 306 | 285 | 332 | 400 | 425 | 412 |
| Profit before tax | 488 | 590 | 446 | 572 | 256 | 298 | 322 | 236 | 1,100 | 415 | 223 | 188 | 86 |
| Tax % | 30% | 30% | 10% | -3% | 9% | 3% | 18% | 10% | 14% | 18% | -10% | 1% | |
| 340 | 414 | 401 | 590 | 232 | 289 | 262 | 213 | 947 | 341 | 246 | 186 | 96 | |
| EPS in Rs | 9.71 | 11.05 | 10.69 | 15.74 | 6.19 | 7.71 | 6.55 | 5.31 | 23.63 | 8.50 | 6.13 | 4.33 | 2.23 |
| Dividend Payout % | 15% | 14% | 11% | 8% | 19% | 19% | 23% | 28% | 6% | 18% | 29% | 42% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | -3% |
| 3 Years: | -14% |
| TTM: | 4% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -11% |
| 5 Years: | -9% |
| 3 Years: | -34% |
| TTM: | -38% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 25% |
| 5 Years: | 35% |
| 3 Years: | 48% |
| 1 Year: | 16% |
| Return on Equity | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 4% |
| 3 Years: | 3% |
| Last Year: | 1% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 350 | 375 | 375 | 375 | 375 | 375 | 401 | 401 | 401 | 401 | 401 | 431 | 431 |
| Reserves | 2,621 | 3,520 | 3,779 | 4,362 | 4,540 | 3,875 | 4,866 | 5,080 | 5,968 | 6,248 | 6,434 | 11,426 | 11,382 |
| 1,810 | 2,366 | 3,618 | 3,300 | 4,040 | 4,771 | 4,819 | 2,960 | 3,118 | 4,204 | 5,292 | 5,399 | 6,440 | |
| 2,009 | 2,339 | 3,949 | 4,339 | 4,891 | 9,268 | 9,502 | 9,758 | 7,794 | 7,079 | 7,408 | 9,163 | 10,487 | |
| Total Liabilities | 6,789 | 8,599 | 11,722 | 12,377 | 13,846 | 18,289 | 19,589 | 18,200 | 17,281 | 17,932 | 19,534 | 26,418 | 28,739 |
| 431 | 529 | 151 | 436 | 699 | 880 | 2,195 | 1,629 | 1,444 | 2,053 | 2,863 | 2,894 | 2,862 | |
| CWIP | 224 | 281 | 377 | 176 | 551 | 660 | 773 | 718 | 441 | 174 | 0 | 5 | 2 |
| Investments | 1,202 | 1,234 | 1,798 | 861 | 1,373 | 1,898 | 3,253 | 1,560 | 1,566 | 1,625 | 1,491 | 3,981 | 4,632 |
| 4,932 | 6,555 | 9,396 | 10,904 | 11,222 | 14,851 | 13,368 | 14,292 | 13,829 | 14,080 | 15,180 | 19,539 | 21,243 | |
| Total Assets | 6,789 | 8,599 | 11,722 | 12,377 | 13,846 | 18,289 | 19,589 | 18,200 | 17,281 | 17,932 | 19,534 | 26,418 | 28,739 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -9 | -407 | -163 | -106 | 146 | 75 | 220 | 2,885 | 1,492 | 706 | 130 | 79 | |
| -243 | -386 | -842 | 23 | -884 | -251 | -390 | -749 | -2,696 | -1,353 | 32 | -3,165 | |
| 76 | 909 | 938 | 36 | 740 | 295 | 285 | -1,023 | 143 | 442 | 110 | 3,865 | |
| Net Cash Flow | -176 | 116 | -68 | -47 | 2 | 120 | 116 | 1,113 | -1,061 | -205 | 272 | 778 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 119 | 110 | 111 | 137 | 105 | 157 | 105 | 85 | 50 | 34 | 45 | 43 |
| Inventory Days | 11,767 | 3,008 | 1,169 | |||||||||
| Days Payable | 1,156 | 278 | 109 | |||||||||
| Cash Conversion Cycle | 119 | 110 | 111 | 137 | 105 | 157 | 10,716 | 2,815 | 1,110 | 34 | 45 | 43 |
| Working Capital Days | -19 | 53 | 17 | 20 | -179 | -251 | -278 | -108 | 39 | -24 | -28 | 217 |
| ROCE % | 14% | 14% | 10% | 6% | 7% | 8% | 9% | 9% | 9% | 7% | 6% | 4% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Residential Area Sold mn sft |
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| Residential Collections Rs Mn |
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| Hospitality Portfolio - Keys units |
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| Average Rental/Sale Realization (Apartments) Rs/sft |
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| Total Completed Developments (Cumulative) mn sft |
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| Office Leasing Occupancy % |
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| Mall Footfalls mn |
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Documents
Announcements
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Issuance Of Corporate Guarantee
1d - Issued corporate guarantee up to INR 400 crore for Canopy Living LLP term loan with Aditya Birla Capital.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
21 Feb - Prestige to invest Rs.115 Cr to adopt Bellandur Metro Station; 30-year naming rights, 3,000 sq.ft. commercial, 1,000 sq.ft. advertising.
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Issuance Of Corporate Guarantee
19 Feb - Issued corporate guarantee up to INR 450 Crore to Bajaj Housing for subsidiary Prestige Projects Pvt Ltd loan (19-Feb-2026).
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Announcement under Regulation 30 (LODR)-Acquisition
18 Feb - Acquired 100% interest in Aspire Spaces Tellapur LLP on Feb 18, 2026; Rs.1 million consideration; 10mn sqft project.
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Issuance Of Corporate Guarantee
13 Feb - Issued corporate guarantee up to INR 300 Crore for Canara Bank term loan to subsidiary Bharatnagar Buildcon LLP.
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
from nse
Concalls
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Jan 2026Transcript PPT
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT REC
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May 2025Transcript PPT REC
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Jan 2025Transcript PPT REC
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Oct 2024Transcript PPT
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Aug 2024TranscriptAI SummaryPPT
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Aug 2024TranscriptAI SummaryPPT
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Aug 2024Transcript PPT
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May 2024Transcript PPT REC
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Feb 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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Jun 2023Transcript PPT
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May 2023TranscriptAI SummaryPPT
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Feb 2023TranscriptPPT
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Nov 2022TranscriptAI SummaryPPT
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Feb 2018TranscriptAI SummaryPPT
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Sep 2016TranscriptAI SummaryPPT
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May 2016TranscriptAI SummaryPPT
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Feb 2016TranscriptAI SummaryPPT
Business Portfolio FY24[1]
1. Residential: The co has completed 150 residential projects comprising a total area of 127 mn sq. ft. Currently, it has 37 ongoing projects for 65 msqft and 30 projects under the planning stage for 75 mn sqft.[2]
2. Commercial Offices: The co has completed 125 office projects comprising a total area of 50 mn sq. ft. Under this segment, it currently has 12 ongoing projects for 23 mn Sq.ft and has 7 projects under the planning stage across 8 mn sqft.[3]
3. Retail: The co has completed 13 retail projects comprising a total area of 10 mn sq. ft. Under this segment, it currently has 1 ongoing projects for 1 mn Sq. ft and 6 projects for total 6 mn sqft are under the planning stage.[4]
4. Hospitality: The co. develops landmark hotels, resorts, spas and service apartments. the co has completed 12 projects comprising a total of 4 mn sqft(Operating 10 Hotels - 1439 Keys). Under this segment, it currently has 3 ongoing projects of toal 3 mn sqft(566 Keys) and 5 projects are under planning comprising 2 mn sqft (2575 keys).[5]
5. Property Management Services: The portfolio is balanced across different assets. 185 projects under Maintenance with total area of 120 mn sqft, 95 projects in Pipeline with total area of 150 mn sqft.[6]