Prestige Estates Projects Ltd

About [ edit ]

Prestige Estates Projects is engaged in the business of real estate development.

  • Market Cap 10,797 Cr.
  • Current Price 269
  • High / Low 325 / 134
  • Stock P/E 79.8
  • Book Value 135
  • Dividend Yield 0.56 %
  • ROCE 13.2 %
  • ROE 7.92 %
  • Face Value 10.0

Pros

  • Company's median sales growth is 30.89% of last 10 years

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of 7.91% for last 3 years.
  • Dividend payout has been low at 13.52% of profits over last 3 years
  • Promoter holding has decreased over last 3 years: -4.52%

Peer comparison

Sector: Realty Industry: Construction

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
1,849 837 1,298 1,054 1,979 1,539 1,923 2,681 1,982 1,274 1,875 1,848
1,476 581 932 710 1,491 1,011 1,313 1,962 1,491 836 1,352 1,411
Operating Profit 373 256 366 344 488 528 610 719 491 438 523 436
OPM % 20% 31% 28% 33% 25% 34% 32% 27% 25% 34% 28% 24%
Other Income 15 128 50 32 22 71 45 18 35 23 42 81
Interest 165 158 187 179 198 241 264 260 258 247 244 241
Depreciation 39 58 76 87 102 163 161 166 177 164 166 140
Profit before tax 184 168 153 109 210 195 230 312 90 50 154 136
Tax % 37% 22% 33% 38% 33% 36% 32% 31% 43% 60% 39% 35%
Net Profit 107 122 97 58 139 115 111 162 15 2 60 59
EPS in Rs 2.86 3.24 2.58 1.55 3.71 3.07 2.95 4.31 0.38 0.04 1.49 1.46

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
898 1,024 1,543 1,052 1,948 2,549 3,420 5,531 4,774 5,499 5,172 8,125 6,979
639 801 1,169 756 1,368 1,829 2,426 4,465 3,855 4,222 3,718 5,769 5,090
Operating Profit 259 223 374 297 579 720 994 1,066 920 1,277 1,454 2,356 1,888
OPM % 29% 22% 24% 28% 30% 28% 29% 19% 19% 23% 28% 29% 27%
Other Income 18 157 68 34 64 98 99 290 99 82 232 161 180
Interest 134 173 123 119 149 229 321 346 316 566 723 1,023 990
Depreciation 40 49 61 61 68 89 140 127 164 155 323 667 648
Profit before tax 103 158 258 151 426 500 631 882 539 638 640 827 430
Tax % 31% 18% 35% 41% 31% 35% 42% 26% 31% 33% 31% 34%
Net Profit 77 150 171 83 286 314 332 610 265 371 416 403 135
EPS in Rs 5.21 2.52 8.17 8.98 8.86 16.26 7.06 9.90 11.08 10.06 3.37
Dividend Payout % 0% 0% 23% 48% 15% 17% 17% 7% 17% 12% 14% 15%
Compounded Sales Growth
10 Years:23%
5 Years:19%
3 Years:19%
TTM:-14%
Compounded Profit Growth
10 Years:10%
5 Years:3%
3 Years:13%
TTM:-73%
Stock Price CAGR
10 Years:7%
5 Years:9%
3 Years:-1%
1 Year:100%
Return on Equity
10 Years:9%
5 Years:8%
3 Years:8%
Last Year:8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
12 262 328 328 350 350 375 375 375 375 375 401 401
Reserves 606 501 1,786 1,823 2,392 2,629 3,446 3,825 4,040 4,358 3,852 4,959 5,020
Borrowings 1,112 1,602 1,505 1,878 2,539 3,154 4,071 5,374 5,739 7,416 8,487 9,272 8,838
1,482 1,354 1,552 1,909 2,375 3,208 4,463 6,886 6,676 6,754 15,720 14,844 14,932
Total Liabilities 3,213 3,720 5,171 5,938 7,656 9,342 12,355 16,460 16,830 18,902 28,433 29,476 29,192
1,022 1,034 1,127 1,546 2,030 2,377 3,010 932 3,622 5,135 6,732 8,986 8,807
CWIP 131 205 294 522 912 995 776 982 1,795 2,508 1,645 2,143 2,388
Investments 112 161 268 174 175 289 279 3,296 355 435 778 789 860
1,948 2,319 3,482 3,696 4,539 5,680 8,291 11,250 11,058 10,825 19,277 17,558 17,137
Total Assets 3,213 3,720 5,171 5,938 7,656 9,342 12,355 16,460 16,830 18,902 28,433 29,476 29,192

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
67 -321 -300 227 106 148 -478 435 514 1,072 762 2,226
-99 -83 -346 -575 -662 -693 -426 -710 -522 -2,005 -549 -2,346
82 436 832 208 823 371 1,104 225 -80 960 87 252
Net Cash Flow 51 32 187 -141 267 -174 200 -50 -87 26 300 133

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 15% 15% 13% 7% 12% 13% 14% 12% 9% 11% 10% 13%
Debtor Days 101 129 221 294 150 104 94 75 77 64 117 66
Inventory Turnover 0.00 0.01 -0.14 -0.10 -0.23 -0.37 0.00 0.00 0.00 0.05 -0.15 0.14

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
70.00 70.00 70.00 70.00 70.00 70.00 70.00 65.48 65.48 65.48 65.48 65.48
26.93 26.97 27.07 24.85 25.53 25.28 25.63 29.42 30.11 29.66 29.45 28.90
1.74 1.84 1.86 3.90 3.39 3.78 3.43 3.86 2.62 2.91 2.94 3.60
1.33 1.19 1.07 1.25 1.08 0.94 0.94 1.24 1.79 1.95 2.13 2.01

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