Prestige Estates Projects Ltd

Prestige Estates Projects Ltd

₹ 1,355 3.36%
26 Apr - close price
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]

  • Market Cap 54,313 Cr.
  • Current Price 1,355
  • High / Low 1,440 / 440
  • Stock P/E 32.1
  • Book Value 275
  • Dividend Yield 0.11 %
  • ROCE 10.3 %
  • ROE 7.56 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 4.92 times its book value
  • The company has delivered a poor sales growth of 8.62% over past five years.
  • Company has a low return on equity of 6.92% over last 3 years.
  • Earnings include an other income of Rs.1,821 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

Sector: Realty 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
1,848 2,246 1,416 1,300 1,328 2,400 1,938 1,428 2,317 2,632 1,681 2,236 1,796
1,411 1,710 1,086 936 965 1,901 1,479 1,061 1,745 1,950 1,158 1,651 1,261
Operating Profit 436 536 330 364 362 500 459 367 572 682 522 585 535
OPM % 24% 24% 23% 28% 27% 21% 24% 26% 25% 26% 31% 26% 30%
81 2,891 58 46 20 903 223 193 30 341 285 1,020 175
Interest 241 248 132 150 129 174 185 186 201 235 238 264 293
Depreciation 140 122 113 114 113 130 147 163 170 168 166 174 180
Profit before tax 136 3,058 143 146 140 1,098 351 211 232 620 404 1,167 237
Tax % 35% 12% 35% 34% 33% 14% 28% 30% 30% 19% 21% 22% 31%
88 2,677 92 96 94 945 251 149 162 505 318 910 165
EPS in Rs 1.46 66.42 1.43 1.95 2.20 23.43 5.11 3.51 3.19 11.68 6.66 21.23 2.90
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
1,052 1,948 2,549 3,420 5,531 4,774 5,499 5,172 8,125 7,242 6,390 8,315 8,345
754 1,368 1,829 2,426 4,464 3,855 4,222 3,718 5,769 5,308 4,872 6,227 6,020
Operating Profit 299 579 720 994 1,068 920 1,277 1,454 2,356 1,934 1,517 2,088 2,324
OPM % 28% 30% 28% 29% 19% 19% 23% 28% 29% 27% 24% 25% 28%
32 64 97 99 288 99 82 232 161 3,036 1,018 780 1,821
Interest 119 149 229 321 346 316 566 723 1,023 979 555 807 1,030
Depreciation 61 68 89 140 127 164 155 323 667 593 471 647 687
Profit before tax 151 426 500 631 882 539 638 640 827 3,398 1,509 1,414 2,428
Tax % 41% 31% 35% 42% 26% 31% 33% 31% 34% 15% 20% 25%
82 291 321 367 653 373 425 442 549 2,878 1,215 1,067 1,898
EPS in Rs 2.52 8.17 8.98 8.86 16.26 7.06 9.90 11.08 10.06 69.41 28.69 23.49 42.47
Dividend Payout % 48% 15% 17% 17% 7% 17% 12% 14% 15% 2% 5% 6%
Compounded Sales Growth
10 Years: 16%
5 Years: 9%
3 Years: 1%
TTM: 3%
Compounded Profit Growth
10 Years: 10%
5 Years: 14%
3 Years: 24%
TTM: 202%
Stock Price CAGR
10 Years: 23%
5 Years: 39%
3 Years: 70%
1 Year: 177%
Return on Equity
10 Years: 8%
5 Years: 7%
3 Years: 7%
Last Year: 8%

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 328 350 350 375 375 375 375 375 401 401 401 401 401
Reserves 1,823 2,392 2,629 3,446 3,825 4,040 4,358 3,852 4,959 7,600 8,694 9,574 10,632
Preference Capital 0 0 0 0 0 0 0 0 0 143 162 0
1,878 2,539 3,154 4,071 5,374 5,739 7,416 8,487 9,272 4,755 7,250 9,420 11,059
1,909 2,375 3,208 4,463 6,886 6,676 6,754 15,720 14,844 12,343 13,826 16,876 19,922
Total Liabilities 5,938 7,656 9,342 12,355 16,460 16,830 18,902 28,433 29,476 25,100 30,171 36,271 42,014
1,546 2,030 2,377 3,010 932 3,622 5,135 6,732 8,986 3,780 5,858 6,780 7,040
CWIP 522 912 995 776 982 1,795 2,508 1,645 2,143 2,740 1,725 2,399 2,615
Investments 174 175 289 279 3,296 355 435 778 789 907 772 1,023 1,304
3,696 4,539 5,680 8,291 11,250 11,058 10,825 19,277 17,558 17,672 21,816 26,069 31,055
Total Assets 5,938 7,656 9,342 12,355 16,460 16,830 18,902 28,433 29,476 25,100 30,171 36,271 42,014

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
227 106 148 -478 435 514 1,072 762 2,226 1,839 2,140 1,540
-575 -662 -693 -426 -710 -522 -2,005 -549 -2,346 355 -4,016 -2,697
208 823 371 1,104 225 -80 960 87 252 -634 1,598 546
Net Cash Flow -141 267 -174 200 -50 -87 26 300 133 1,560 -278 -612

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 294 150 104 94 75 77 64 117 66 69 81 58
Inventory Days 7,574 2,500 1,954 7,470
Days Payable 1,795 269 221 633
Cash Conversion Cycle 294 150 104 94 75 77 5,843 117 2,297 1,803 6,918 58
Working Capital Days 427 181 147 261 189 220 108 48 -6 75 247 252
ROCE % 7% 12% 12% 13% 12% 8% 11% 10% 13% 11% 8% 10%

Shareholding Pattern

Numbers in percentages

1 Recently
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% 14.96%
2.44% 3.53% 3.47% 3.42% 3.20% 3.26% 2.90% 2.83% 2.57% 2.20% 3.28% 3.51%
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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