Get Unlimited Plan at 75% OFF!

Advertisement
logo

Prestige Estates Projects

PRESTIGE
Mid Cap
(%) 1D
no_data

No Data Available

1D1W1M3M6M1YMAX

Investor Sentiment

50%50%
Bullish
Bearish
Advertisement

Prestige Estates Projects Share price and Fundamental Analysis

View All Details
View All Details
Prestige Estates Projects Ltd is one of the leading real estate development companies with projects in residential, office, retail and hospitality segment. Its operations are spread across South India, Pune, Goa and Ahmedabad. The company has completed more than 281 real estate projects of over 167 million sq. ft.. They have developed a diversified portfolio of real estate development projects focusing on projects in the residential (including apartments, villas, plotted developments and integrated townships), commercial (including corporate office blocks, built-to-suit facilities, technology parks and campuses and SEZs), hospitality (including hotels, resorts and serviced accommodation) and retail (including shopping malls) segments of the real estate industry.
Company Incorporation1997
ChairmanIrfan Razack
Head QuartersBangalore
Previous NameNA

Key Metrics

Market Cap (Cr)
58,725
PE Ratio
100.84
Industry P/E
72.18
PEG Ratio
-1.48
ROE
4.11%
ROCE
8.83%
ROA
1.48%
Total Debt (Cr)
12,351
Debt to Equity
0.75
Dividend Yield
0.12%
EPS
13.52
Book Value & P/B
384.28 x 3.55
Face Value
10
Outstanding Shares(Cr)
43.07
Current Ratio
1.67
EV to Sales
8.29

Included In

+More

Stock Returns

1 Week+6.27%
1 Month+16.77%
6 Months-13.63%
1 Year-5.85%
3 Years+200.44%
5 Years+758.63%

CAGR

1 Year CAGR

Revenue Growth

-5.27%

Net Profit Growth

+52.67%

Operating Profit Growth

+41.93%

Dividend Growth

+20%

Stock Returns CAGR

-12.49%
no_data

No Stocks

Smart Score

2.5
icn

Unlock Smart Score

See Detailed Analysis & Insights

icn

Unlock Insights

See Detailed Analysis & Insights

Technicals

Returns Calculator

If you would have invested
In 5 years the current value would be
NaNCRNaNCR( %)

Research Report

No Research Report

View Other Reports >

Corporate Action

Board-Meetings
Board-Meetings
Dividends
Bonus
Splits
Right-issues
AGM-EGM
Bulk-Deal
Block-Deal

Financials

Half Yearly Statement

/ View Standalone

Profit and Loss Statement

/ View Standalone
Credit Rating
Director Report
Chairman Report
Auditor Report

Balance sheet

/ View Standalone

Cashflow Statement

/ View Standalone
Mar 25

Promoters : 60.94%

FIIs : 17.08%

DIIs : 19.23%

Public : 2.74%

Promoter
FII/FPI
DII
Public
Promoter Pledge stands at 0.0% of holding in March 2025 Qtr
DII Shareholding Increased by 2.5% to 19.23% in March 2025 Qtr
FII Shareholding Decreased by 2.22% to 17.08% in March 2025 Qtr

Top Shareholders

View all Share Holders

Key Ratios

Profitability
Valuation
Liquidity

ROE

Avg ROE (3 Yrs) : NaN%

ROCE

Avg ROCE (3 Yrs) : NaN%

ROA

Avg ROA (3 Yrs) : NaN%

NPM

Avg NPM (3 Yrs) : NaN%

Dividend History

Prestige Estates Projects Competitors

Sector
Industry

Company Name

MCap(TTM)

PE(TTM)

P/B(TTM)

ROE(TTM)

D/E

Current Ratio(TTM)

5 Year FactSheet

Profitability
Profitability
Growth Ratios
Valuation Ratios
Cashflow Ratios
Debt and Liquidity
Efficiency Ratios

Documents

Annual Reports
Con-Call

News

Prestige Estates Projects Management and History

Company Management

icn

Unlock Management Data

See Detailed Analysis & Insights

Company History

Prestige Estates Projects Ltd is one of the leading real estate development companies with projects in residential, office, retail and hospitality segment. Its operations are spread across South India, Pune, Goa and Ahmedabad. The company has completed more than 281 real estate projects of over 167 million sq. ft.. They have developed a diversified portfolio of real estate development projects focusing on projects in the residential (including apartments, villas, plotted developments and integrated townships), commercial (including corporate office blocks, built-to-suit facilities, technology parks and campuses and SEZs), hospitality (including hotels, resorts and serviced accommodation) and retail (including shopping malls) segments of the real estate industry.

The company also offers a variety of services through their real estate services business, which includes the provision of property management services for their commercial and residential developments, sub-leasing and fit-out services, project and construction management services, interior solutions services, mall management services and the operation of their hospitality projects.

Prestige Estates Projects Ltd commenced operations as a partnership firm on April 1, 1986, under the name and style of Prestige Estates and Properties. The partners of the firm were the Late S. Razack, Irfan Razack, Rezwan Razack and Sameera Noaman. In March 31, 1997, the partnership firm was reconstituted between Late S. Razack, Irfan Razack, Rezwan Razack, Sameera Noaman, Noaman Razack, Rabia Razack, Badrunissa Irfan and Almas Rezwan and the name of the firm was changed to Prestige Estates Projects.

In June 4, 1997, the firm was registered as a private limited company with the name Prestige Estates Projects Private Ltd. All of the business and property of the erstwhile partnership firm therefore became vested in the company. In the year 1998, the company forayed into property management services. In the year 2000, they inaugurated Prestige Acropolis. In the year 2001, they received ISO 9001:2000 Certification. Also, they commenced operation of Angsana, their first hospitality project.

In the year 2004, the company inaugurated their first retail project, Forum Mall. In the year 2006, they launched an SEZ namely, Cessna Business Park and an integrated township namely, Prestige Shantinikethan. Also, they inaugurated Prestige Ozone, a villa development. In the year 2007, the company expanded their operation to Cochin, Chennai and Hyderabad. They entered into a relationship with Red Fort India Real Estate Holdco I L.L.C to develop commercial space and townships. Also, they inaugurated UB City, their largest mixed use development.

In the year 2008, the company entered into strategic alliance with CRIDF for developing malls across South India. They also entered into a relationship with UIOF. They inaugurated a luxury mall at UB City namely, the Collections. Also, they started operations of Oakwood Premier Prestige, serviced apartments at UB City.

In the year 2009, the company inaugurated Forum Value Mall. In November 10, 2009, the company was converted into a public limited company and the name was changed to Prestige Estates Projects Ltd. In the year 2010, the company launched Prestige White Meadows. In July 2010, the company completed the project Prestige Shantinikethan, which comprised of 14.62 million sq. ft. of Developable Area, across the residential (including 6.07 million sq. ft. of Saleable Area), consisting of 24 blocks of which 17 blocks, with a developable area of 6.14 million sq. ft.

In October 2010, Prestige Estates Projects entered the capital market with an Initial Public Offering of Rs 1200 crore.

On 8 August 2014, Prestige Estates Projects announced the closure of qualified institutions placement of equity shares of the company and approved the issuance of up to 2.5 crore equity shares at an issue price of Rs 245 per share aggregating to approximately Rs 612.50 crore to eligible Qualified Institutional Buyers.

The Board of Directors of Prestige Estates Projects at its meeting held on 24 March 2016 accorded their in-principle approval for the merger of its wholly owned subsidiaries, Downhill Holiday Resorts Private Limited, Foothills Resorts Private Limited, Pennar Hotels and Resorts Private Limited and Valdel Xtent Outsourcing Solutions Private Limited with the company.

The Board of Directors of Prestige Estates Projects at its meeting held on 31 March 2016 approved the Scheme of Amalgamation of Downhill Holiday Resorts Private Limited, Foothills Resorts Private Limited, Pennar Hotels and Resorts Private Limited and Valdel Xtent Outsourcing Solutions Private Limited with Prestige Estates Projects (PEPL) and their respective shareholders. The entire paid-up and issued share capital of each of these transferor companies is held by PEPL.

On 1 April 2016, Prestige Estates Projects announced that its subsidiary Prestige Alta Vista Holdings has purchased approximately 49% of the securities held by CMIDF Whitefield Mall (Singapore) Pte. Ltd. in Prestige Whitefield Investment and Developers Private Limited for Rs 56.87 crore. Prestige Whitefield Investment and Developers Private Limited owns a land parcel of approximately 8 acres and is engaged in development of commercial space.

During the financial year ended 31 March 2017, Prestige Estate Projects undertook a restructuring exercise by which the Prestige brand's four verticals have been incorporated as separate holding companies (100% held by listed company Prestige Estates Projects Limited) formed for each segment. The restructuring was done with an objective to better each vertical (Residential, Commercial, Retail and Hospitality) in terms of performance and competency.

On 26 December 2017, Prestige Estates Projects announced that the company through a wholly owned special purpose vehicle (SPV) is the process of acquisition of the entire remaining 66.66% equity stake in Prestige Projects Private Limited (PPPL) from the investors and land owners for a consideration of about Rs 324 crore. PPPL owns a land parcel admeasuring over 180 acres in Sarjapur Road, Bengaluru. Prestige Estates Projects is proposing to develop a large scale affordable and mid income housing project in this land.

On 1 January 2018, the Management Sub Committee of Prestige Estates Projects approved acquisition of CapitaLand stake in various retail mall entities for an aggregate consideration of approximately Rs 342 crore.

On 9 January 2018, Prestige Estates Projects announced the completion and opening of Forum Centre City Mall in Mysore with 96% leasing and occupancy. The mall has leasable area of 0.32 million sq. ft and is situated in the heart of Mysore City. The mall is owned by Prestige Retail Ventures Limited, a wholly owned subsidiary of Prestige Estates Projects.

On 7 February 2018, Prestige Estates Projects announced that it has entered into a strategic partnership with HDFC Capital Advisors Limited for furthering its business in the Mid-Income/Affordable Housing sector. This dedicated real estate platform shall have a capital to the tune of Rs 2500 crore, which shall be a blend of equity and debt. The primary focus will be on expanding Prestige's residential business by identifying strategic land parcels with the potential of developing large-scale residential projects in the mid-income segment. HDFC Capital Advisors Limited, a wholly owned subsidiary of HDFC, provides investment advisory services for real estate private equity financing.

On 26 February 2018, Prestige Estates Projects announced that its wholly owned subsidiary Prestige Exora Business Parks Limited (Exora) and Reco Jade Ind Private Limited (Reco), a subsidiary of GIC (Realty) Pte Limited, Singapore have entered into a preliminary term sheet in relation to a possible significant minority investment by Reco in Exora, which owns directly/indirectly multiple office properties, both operating and under construction.

On 8 March 2018, Prestige Estates Projects announced that it has entered into binding agreement for acquisition of 80% stake held by investors and its affiliates in Sterling Urban Infraprojects. Sterling Urban Infraprojects owns land parcels of around 59 acres at Outer Ring Road - Sarjapur, Bangalore. Prestige Estates Projects intends to develop state of the art commercial office space with over 6 million sq. ft of developable area in this land.

During FY 2019-20, the Company had sold 3,424 Residential units and 1.47 million square feet of commercial space, which translated to sales of Rs. 45,607 million. During the year, it has launched 17.12 million square feet.

During the financial year 2019-20, the Company signed second platform deal with HDFC Capital Affordable Real Estate Fund I (HCARE) to develop a housing project 'Prestige Finsbury Park' owned by Apex Realty Ventures LLP.

During the FY 2020-21, the Company has sold 4,893 Residential units and 0.38 million square feet of commercial space, which translates to sales of Rs. 54,608 million. It completed development of 2 million Sq. ft. across all its segments and launched projects spanning 11.85 million Sq. ft. across 5 cities. During year 2020-21, the Company divested 100% of its stake in Prestige Amusement Private Limited, Cessna Garden Developers Private Limited and 85% of its stake in Prestige Hyderabad Retail Ventures Private Limited, Prestige Shantiniketan Leisures Private Limited, Prestige Garden Constructions Private Limited, Prestige Mangalore Retail Ventures Private Limited, Prestige Mysore Retail Ventures Private Limited and Flicker Projects Private Limited.

During the year 2022, Company has launched 16.77 million Sq. ft. It completed 16 projects with Built up Area of 14.26 million sq. ft. across segments & geographies during the year. During the FY 2021-22, the Company has sold 8,883 residential units and 0.67 million Sq. Ft. of commercial space, which translates to sales of Rs. 1,03,822 million.

During FY 2021-22, the Company acquired 100% equity share capital of Ariisto Developers Private Limited, in Mumbai which got approved by National Company Law Tribunal on 23 March 2021. It acquired 45% stake in two partnership firms, M/s. Prestige Century Megacity and 55% stake in M/s. Prestige Century Landmark, which hold land in North Bangalore. The Company through its subsidiary, acquired 70% equity stake in Shipco Infrastructure Private Limited to create logistics and warehousing space.

During year 2021-22, the Company divested 100% of its stake in Dashanya Tech Parkz Private Limited, 85% of its stake in Vijaya Productions Private Limited and 50% of its stake in Prestige Beta Projects Private Limited. It divested entire stake in Prestige City Estates Private Limited to CPP Investment Board Private Holdings (4) Inc., an affiliate of Canada Pension Plan Investment Board and Prestige City Estates Pvt. Ltd. owns Commercial project viz., Prestige RMZ Star Tech.

During the year ended 31 March 2022, the Group has received approvals from NCLT for Scheme of Arrangement for Demerger of certain business undertakings held in subsidiaries of the Company effective from March 10, 2021.

In 2022-23, the Company acquired 10% equity stake in Prestige Sterling Infraprojects Private Limited on July 29, 2022 and held 90% equity shares in it. The Company through its wholly owned subsidiary Prestige Retail Ventures Limited (PRVL), acquired 30% stake in Prestige OMR Ventures LLP. With the acquisition LLP became a wholly owned subsidiary of the Company.

In 2022-23, the Company came with 2 new launches, Ocean Towers in Marine Lines, and Prestige Nautilus in Worli. Thereafter, it launched 26 Mn sft of projects, including 16 Mn sft of residential projects and 10 Mn sft of capex projects. 15 projects with Built up Area of 15.68 Mn. sq. ft. across segments & geographies were completed during the year 2023.

Prestige Estates Projects Share Price

Prestige Estates Projects share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.

Prestige Estates Projects Market Cap

Market capitalization of Prestige Estates Projects indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Prestige Estates Projects is valued compared to its competitors.

Prestige Estates Projects PE Ratio

Prestige Estates Projects PE ratio helps investors understand what is the market value of each stock compared to Prestige Estates Projects 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.

Prestige Estates Projects PEG Ratio

The PEG ratio of Prestige Estates Projects evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.

Prestige Estates Projects ROE (Return on Equity)

Return on Equity (ROE) measures how effectively Prestige Estates Projects generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.

Prestige Estates Projects ROCE (Return on Capital Employed)

Return on Capital Employed (ROCE) evaluates the profitability of Prestige Estates Projects in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.

Prestige Estates Projects Total Debt

Total debt of Prestige Estates Projects shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.

Prestige Estates Projects Debt to Equity Ratio

The Debt-to-Equity (DE) ratio of Prestige Estates Projects compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.

Prestige Estates Projects CAGR (Compound Annual Growth Rate)

CAGR shows the consistent growth rate of Prestige Estates Projects over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.

Prestige Estates Projects Technical Analysis

Technical analysis of Prestige Estates Projects helps investors get an insight into when they can enter or exit the stock. Key components of Prestige Estates Projects Technical Analysis include:

Support Levels (S1, S2, S3)

There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.

Resistance Levels (R1, R2, R3)

There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Prestige Estates Projects shares often struggle to rise above due to selling pressure.

Prestige Estates Projects Dividends

Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Prestige Estates Projects ’s financial health and profitability.

Prestige Estates Projects Bonus Shares

Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.

Prestige Estates Projects Stock Split

Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.

Prestige Estates Projects Financials

The financials of Prestige Estates Projects provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.

Prestige Estates Projects Profit and Loss Statements

The profit and loss statement of Prestige Estates Projects highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Prestige Estates Projects .

Prestige Estates Projects Balance Sheet

The balance sheet presents a snapshot of Prestige Estates Projects ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.

Prestige Estates Projects Cashflow Statements

Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.

Download the App