Prozone Realty Ltd
Incorporated in 2007, Prozone Realty Ltd is in the business of developing, owning and operating of Shopping Malls, Commercial and Residential Premises and providing related management consultancy services[1]
- Market Cap ₹ 705 Cr.
- Current Price ₹ 46.2
- High / Low ₹ 72.8 / 30.4
- Stock P/E 712
- Book Value ₹ 55.9
- Dividend Yield 0.00 %
- ROCE 0.82 %
- ROE 0.45 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Stock is trading at 0.83 times its book value
- Promoter holding has increased by 1.13% over last quarter.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 1.98% over past five years.
- Company has a low return on equity of 0.75% over last 3 years.
- Contingent liabilities of Rs.722 Cr.
- Earnings include an other income of Rs.10.2 Cr.
- Company has high debtors of 240 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
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 8.86 | 8.07 | 7.52 | 7.18 | 6.78 | 8.30 | 9.51 | 7.50 | 9.87 | 10.84 | 10.82 | 10.49 | 10.37 | |
| 11.42 | 9.23 | 8.50 | 15.79 | 9.01 | 10.98 | 11.26 | 8.34 | 11.58 | 12.24 | 13.98 | 12.24 | 12.96 | |
| Operating Profit | -2.56 | -1.16 | -0.98 | -8.61 | -2.23 | -2.68 | -1.75 | -0.84 | -1.71 | -1.40 | -3.16 | -1.75 | -2.59 |
| OPM % | -28.89% | -14.37% | -13.03% | -119.92% | -32.89% | -32.29% | -18.40% | -11.20% | -17.33% | -12.92% | -29.21% | -16.68% | -24.98% |
| 10.00 | 6.63 | 7.91 | 10.31 | 8.46 | 7.69 | 9.57 | 8.49 | 9.01 | 10.60 | 15.52 | 10.32 | 10.24 | |
| Interest | 0.06 | 0.18 | 0.18 | 1.10 | 1.16 | 1.20 | 1.32 | 3.97 | 0.01 | 0.38 | 0.66 | 0.95 | 1.47 |
| Depreciation | 1.02 | 1.63 | 0.77 | 0.85 | 0.48 | 0.44 | 0.64 | 0.55 | 0.27 | 0.31 | 0.57 | 1.92 | 3.93 |
| Profit before tax | 6.36 | 3.66 | 5.98 | -0.25 | 4.59 | 3.37 | 5.86 | 3.13 | 7.02 | 8.51 | 11.13 | 5.70 | 2.25 |
| Tax % | 24.37% | 30.33% | 25.08% | -516.00% | 50.54% | 27.89% | 11.95% | 87.86% | 24.64% | 25.50% | 42.95% | 36.67% | |
| 4.81 | 2.55 | 4.48 | 1.04 | 2.27 | 2.42 | 5.17 | 0.37 | 5.30 | 6.35 | 6.34 | 3.61 | 0.99 | |
| EPS in Rs | 0.32 | 0.17 | 0.29 | 0.07 | 0.15 | 0.16 | 0.34 | 0.02 | 0.35 | 0.42 | 0.42 | 0.24 | 0.05 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 2% |
| 3 Years: | 2% |
| TTM: | -3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | -7% |
| 3 Years: | -10% |
| TTM: | -83% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 6% |
| 5 Years: | 22% |
| 3 Years: | 26% |
| 1 Year: | 41% |
| Return on Equity | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | 1% |
| 3 Years: | 1% |
| Last Year: | 0% |
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 | 30.52 | 30.52 | 30.52 | 30.52 | 30.52 | 30.52 | 30.52 | 30.52 | 30.52 | 30.52 | 30.52 | 30.52 | 30.52 |
| Reserves | 375.13 | 377.57 | 382.05 | 998.13 | 1,003.57 | 1,001.57 | 803.53 | 528.51 | 587.97 | 666.84 | 705.21 | 823.99 | 823.18 |
| 17.74 | 17.62 | 17.50 | 11.15 | 11.78 | 12.68 | 13.68 | 17.39 | 0.07 | 8.58 | 16.18 | 18.24 | 19.52 | |
| 3.16 | 4.26 | 1.93 | 181.12 | 188.22 | 185.67 | 135.28 | 55.92 | 70.97 | 91.61 | 105.86 | 83.66 | 82.31 | |
| Total Liabilities | 426.55 | 429.97 | 432.00 | 1,220.92 | 1,234.09 | 1,230.44 | 983.01 | 632.34 | 689.53 | 797.55 | 857.77 | 956.41 | 955.53 |
| 4.76 | 2.98 | 2.20 | 2.51 | 2.04 | 2.00 | 1.91 | 1.44 | 1.20 | 2.42 | 1.93 | 10.84 | 9.83 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 287.23 | 287.23 | 328.63 | 1,141.93 | 1,152.68 | 1,139.06 | 878.28 | 532.16 | 566.42 | 660.45 | 709.04 | 804.21 | 802.88 |
| 134.56 | 139.76 | 101.17 | 76.48 | 79.37 | 89.38 | 102.82 | 98.74 | 121.91 | 134.68 | 146.80 | 141.36 | 142.82 | |
| Total Assets | 426.55 | 429.97 | 432.00 | 1,220.92 | 1,234.09 | 1,230.44 | 983.01 | 632.34 | 689.53 | 797.55 | 857.77 | 956.41 | 955.53 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4.07 | -4.22 | -1.48 | 5.03 | -2.60 | -7.28 | 2.97 | 7.44 | 7.94 | -3.59 | -9.01 | -2.95 | |
| -5.04 | 4.28 | 3.16 | -2.57 | -1.15 | 7.19 | -2.18 | -7.16 | 8.90 | -4.13 | 2.33 | 5.32 | |
| -0.07 | -0.17 | -0.18 | 0.54 | -0.37 | -0.15 | -0.69 | -0.04 | -17.33 | 8.14 | 6.94 | -2.10 | |
| Net Cash Flow | -1.04 | -0.12 | 1.51 | 3.00 | -4.11 | -0.24 | 0.09 | 0.24 | -0.49 | 0.42 | 0.26 | 0.26 |
| Free Cash Flow | 3.34 | -4.22 | -1.48 | 3.74 | -2.61 | -7.66 | 2.86 | 7.36 | 7.91 | -5.12 | -9.10 | -10.66 |
| CFO/OP | -236% | 238% | 353% | -52% | 75% | 223% | -259% | -935% | -520% | 172% | 222% | 90% |
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 | 145.84 | 257.81 | 320.83 | 29.99 | 31.22 | 22.43 | 60.64 | 81.76 | 100.96 | 132.33 | 202.07 | 240.09 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 145.84 | 257.81 | 320.83 | 29.99 | 31.22 | 22.43 | 60.64 | 81.76 | 100.96 | 132.33 | 202.07 | 240.09 |
| Working Capital Days | 1,183.98 | 1,066.51 | 2,275.43 | 1,017.73 | 2,354.20 | 2,319.29 | 3,209.01 | 3,170.15 | 4,187.70 | 3,152.33 | 2,755.04 | 1,949.57 |
| ROCE % | 1.52% | 1.00% | 1.46% | 0.11% | 0.55% | 0.44% | 0.75% | 0.99% | 1.10% | 1.34% | 1.62% | 0.82% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Ch Sambhaji Nagar (Aurangabad) Mall Occupancy Level % |
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| Coimbatore Residential - Units Sold/Booked (Phase 1) Units |
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| Developed Area Million Sq Ft |
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| Total Land Bank Million Sq Ft |
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| Nagpur Residential - Units Sold (Cumulative) Units |
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| Coimbatore Mall Occupancy Level % |
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| Combined Footfalls Million Visitors |
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| Combined Retailer Sales (Consumption) INR Million |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Acquisition
27 Mar - 27-Mar-2026: Prozone to buy Empire Rs4.72Cr, Omni Rs24,000, Hagwood Rs94.80L from WOS PUL.
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Board Meeting Outcome for Outcome Of Board Meeting - Purchase Of Shares Of Empire Mall Private Limited, Omni Infrastructure Private Limited, Hagwood Commercial Developers Private Limited From Prozone Liberty International Limited, WOS Of Prozone Realty Limited.
27 Mar - Board approved cash purchase within 45 days: Empire 34.71% for Rs4.72 crore; Omni 60% Rs24,000; Hagwood 61.5% Rs94.80 lakh.
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Closure of Trading Window
26 Mar - Trading window closed 1 April 2026 until 48 hours after March‑31, 2026 results; Board to approve by 30 May 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
26 Mar - Copies of Newspaper Publication (Postal Ballot Notice)
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Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
25 Mar - Postal ballot to appoint Farhat Jamal as independent director, term 07 Feb 2026–06 Feb 2031; e-voting Mar 26–Apr 24, 2026.
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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Concalls
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Business Overview:[1]
PRL is in the business of creating, developing and managing regional shopping centres and associated mixed-use developments Pan-India.
It develop large scale Land Parcels for Mixed Use development with ~75% of the Land to be developed as Residential & Commercial – Build & Sell model whereas ~25% of the Land is developed as Retail – Build & Lease Mode