Prestige Estates Projects Ltd

Prestige Estates Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Prestige Estates Projects Ltd

₹ 1,231 0.32%
19 Apr - close price
prestigeconstructions.com BSE: 533274 NSE : PRESTIGE
About

Prestige Estate Projects is in the business of real estate development encompassing the development and construction of properties, leasing of office and retail properties. [1] [2]

Key Points

Market Presence
The Company is maintaining a leadership position in Bengaluru and has a significant presence in Hyderabad and Chennai. It has also extended operations in recent years to Kochi, Mangalore, Goa, Mysore, Pune, Mumbai, Ahmedabad, NCR and Udaipur. [1]

Website BSE NSE
  • Market Cap ₹ 49,435 Cr.
  • Current Price ₹ 1,231
  • High / Low ₹ 1,440 / 440
  • Stock P/E 220
  • Book Value ₹ 169
  • Dividend Yield 0.12 %
  • ROCE 7.15 %
  • ROE 5.00 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 17.4%
  • Debtor days have improved from 56.2 to 33.6 days.

Cons

  • Stock is trading at 7.30 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 7.67% over past five years.
  • Company has a low return on equity of 6.04% 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

Sector: Realty 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
1,052 1,367 842 867 997 1,853 949 817 1,300 1,264 535 960 579
855 1,115 711 730 779 1,510 725 622 981 1,051 349 718 399
Operating Profit 197 252 131 137 217 343 224 195 318 213 186 242 180
OPM % 19% 18% 16% 16% 22% 19% 24% 24% 24% 17% 35% 25% 31%
58 -23 58 109 85 600 54 26 22 25 36 98 31
Interest 128 94 71 72 72 80 74 80 82 96 92 102 101
Depreciation 76 76 70 70 69 75 73 82 89 88 90 99 99
Profit before tax 51 59 48 104 161 788 131 60 170 54 41 139 11
Tax % -8% 38% 17% 18% 25% 11% 14% 24% 19% 16% 4% 7% -3%
55 36 39 85 121 702 112 45 138 45 39 129 11
EPS in Rs 1.36 0.91 0.98 2.12 3.03 17.50 2.80 1.13 3.45 1.13 0.97 3.22 0.28
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
745 1,512 2,005 2,450 3,261 2,176 2,992 2,441 3,356 4,054 4,559 4,330 3,338
508 1,095 1,503 1,752 2,684 1,732 2,417 1,799 2,354 3,114 3,731 3,378 2,516
Operating Profit 238 417 503 698 578 445 575 642 1,002 941 828 952 822
OPM % 32% 28% 25% 28% 18% 20% 19% 26% 30% 23% 18% 22% 25%
53 94 147 123 139 388 111 138 208 93 852 126 190
Interest 77 90 126 188 221 191 375 419 573 492 295 331 390
Depreciation 32 33 36 42 50 70 56 64 316 306 285 332 376
Profit before tax 182 389 488 590 446 572 256 298 322 236 1,100 415 245
Tax % 29% 29% 30% 30% 10% -3% 9% 3% 18% 10% 14% 18%
129 276 340 414 401 590 232 289 262 213 947 341 224
EPS in Rs 3.93 7.89 9.71 11.05 10.69 15.74 6.19 7.71 6.55 5.31 23.63 8.50 5.60
Dividend Payout % 30% 15% 15% 14% 11% 8% 19% 19% 23% 28% 6% 18%
Compounded Sales Growth
10 Years: 11%
5 Years: 8%
3 Years: 9%
TTM: -32%
Compounded Profit Growth
10 Years: 2%
5 Years: 7%
3 Years: 15%
TTM: -55%
Stock Price CAGR
10 Years: 22%
5 Years: 36%
3 Years: 65%
1 Year: 169%
Return on Equity
10 Years: 7%
5 Years: 6%
3 Years: 6%
Last Year: 5%

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 328 350 350 375 375 375 375 375 401 401 401 401 401
Reserves 1,799 2,358 2,621 3,520 3,779 4,362 4,540 3,875 4,866 5,080 5,968 6,248 6,356
1,172 1,559 1,810 2,366 3,618 3,300 4,040 4,771 4,819 2,960 3,118 4,204 4,158
1,403 1,720 2,009 2,339 3,949 4,339 4,891 9,268 9,502 9,758 7,794 7,079 6,674
Total Liabilities 4,702 5,987 6,789 8,599 11,722 12,377 13,846 18,289 19,589 18,200 17,281 17,932 17,589
429 423 431 529 151 436 699 880 2,195 1,629 1,444 2,053 2,464
CWIP 126 160 224 281 377 176 551 660 773 718 441 174 8
Investments 729 1,075 1,202 1,234 1,798 861 1,373 1,898 3,253 1,560 1,566 1,625 1,476
3,418 4,329 4,932 6,555 9,396 10,904 11,222 14,851 13,368 14,292 13,829 14,080 13,641
Total Assets 4,702 5,987 6,789 8,599 11,722 12,377 13,846 18,289 19,589 18,200 17,281 17,932 17,589

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
185 6 -9 -407 -163 -106 146 75 220 2,885 1,492 706
-408 -364 -243 -386 -842 23 -884 -251 -390 -749 -2,696 -1,353
39 606 76 909 938 36 740 295 285 -1,023 143 442
Net Cash Flow -184 248 -176 116 -68 -47 2 120 116 1,113 -1,061 -205

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 407 185 119 110 111 137 105 157 105 85 50 34
Inventory Days 11,767 3,008 1,169
Days Payable 1,156 278 109
Cash Conversion Cycle 407 185 119 110 111 137 105 157 10,716 2,815 1,110 34
Working Capital Days 641 325 263 350 304 469 178 230 92 63 175 206
ROCE % 8% 13% 14% 14% 10% 6% 7% 8% 9% 9% 9% 7%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
65.48% 65.48% 65.48% 65.48% 65.48% 65.48% 65.48% 65.48% 65.48% 65.48% 65.48% 65.48%
28.15% 25.31% 24.67% 24.28% 23.73% 23.17% 22.21% 21.19% 20.68% 19.50% 18.07% 16.06%
3.93% 5.68% 6.37% 6.82% 7.59% 8.09% 9.41% 10.50% 11.27% 12.82% 13.17% 14.97%
2.44% 3.53% 3.47% 3.42% 3.20% 3.26% 2.90% 2.83% 2.57% 2.20% 3.28% 3.49%
No. of Shareholders 40,19848,84658,20860,58357,79062,49661,40966,43259,39974,5501,13,1741,47,341

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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