Prestige Estates Projects Ltd logo

Prestige Estates Projects Ltd

PRESTIGE NSE

Prestige Estate Projects has diversified business model across various segments, viz Residential, Office, Retail, Hospitality, Property Management and Warehouses with operations in more than 12 major locations in India.[1]

AI Verdict: BUY Confidence: 7%

Prestige Estates commands a strong analyst consensus with 90.48% buy ratings and has delivered exceptional TTM sales growth of 73% and profit growth of 157%. However, the elevated PE of 49.4x and low ROE of 6.22% warrant caution, making this a high-conviction but high-risk bet on continued execution in Indian real estate.

Key Fundamentals

MidcapResidential Commercial ProjectsRealty
Market Cap
₹67,065 Cr
Volatility
Moderate
P/E Ratio
56.06
EBITDA
₹3,692 Cr
Return on Equity
10.4%
Debt to Equity
1
Book Value
₹377.8
EPS
₹33.42
52W High
₹1,814
52W Low
₹1,090

Technical Indicators

Key Insights

Strengths

3
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 20.9% CAGR over last 5 years
  • Company's working capital requirements have reduced from 171 days to 136 days

Weaknesses

3
  • Stock is trading at 4.08 times its book value
  • Company has a low return on equity of 6.22% over last 3 years.
  • Promoter holding has decreased over last 3 years: -4.54%

Growth Rate

Revenue Growth
63.99% ↗
Net Income Growth
33.51% ↗
Cash Flow Change
-89.93% ↘
ROE
-71.88% ↘
ROCE
-49.52% ↘
EBITDA Margin (Avg.)
-26.50% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
BUY
Risk high

Prestige Estates commands a strong analyst consensus with 90.48% buy ratings and has delivered exceptional TTM sales growth of 73% and profit growth of 157%. However, the elevated PE of 49.4x and low ROE of 6.22% warrant caution, making this a high-conviction but high-risk bet on continued execution in Indian real estate.

Bull Case 8
  • Overwhelming analyst consensus with 90.48% buy ratings (19 out of 21 analysts recommend buy)
  • Exceptional TTM revenue growth of 73% indicates strong project launches and collections momentum
  • TTM profit growth of 157% demonstrates significant operating leverage kicking in at scale
  • 5-year compounded profit CAGR of 21% reflects consistent earnings trajectory beyond just one good year
  • Stock price CAGR of 37% over 3 years and 39% over 5 years shows sustained wealth creation for long-term holders
  • Working capital days reduced from 171 to 136 days, signaling improved cash conversion and project execution efficiency
  • Market cap of Rs 65,019 crore provides institutional liquidity and index inclusion benefits
  • Company expected to deliver good upcoming quarter based on pre-sales visibility and revenue recognition pipeline
Bear Case 8
  • PE ratio of 49.4x is steep for a real estate developer, pricing in aggressive future growth with limited margin of safety
  • 3-year ROE of just 6% is significantly below cost of equity, indicating poor capital efficiency despite profit growth
  • Promoter holding declined by 4.54% over last 3 years, raising concerns about insider confidence or dilution
  • Price-to-book of 3.96x is elevated for a capital-intensive real estate business with lumpy cash flows
  • Stock has delivered -13% return over the past 1 year, indicating near-term momentum reversal and possible overvaluation correction
  • Dividend yield of only 0.12% offers negligible income support during any price correction
  • 10-year compounded sales growth of just 9% suggests the recent 73% TTM surge may not be structurally sustainable
  • 10-year ROE average of only 7% indicates the business model has historically struggled to generate adequate shareholder returns

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Positives 3
  • Delhi-NCR launch ₹7k Cr pipeline Jun 22

    Prestige Group plans two housing projects in Delhi-NCR this fiscal with combined revenue potential of ₹7,000 Cr, marking significant North India expansion.

  • BACL partnership Bengaluru Airport City Jun 11

    Prestige Group partnered with BACL for a landmark integrated destination in Bengaluru Airport City featuring a convention centre and luxury hotels.

  • Gardenia Phase 2 ₹400 Cr launch Jun 18

    Launched Phase 2 of Prestige Gardenia Estates in Devanahalli, Bengaluru covering 21 acres with 195 plots and revenue potential of ₹400 Cr.

Neutral 3
  • Promoters confirm zero share encumbrance Jun 20

    Razack Family Trust disclosed no encumbrance on Prestige Estates shares under SEBI takeover regulations, signaling clean promoter holding.

  • Stellar Envision stake cut to 50% Jun 19

    Prestige Estates reconstituted LLP deed for Stellar Envision, reducing its stake to 50% for real estate projects in Bangalore.

  • ₹19.66 Cr block trade on NSE May 29

    Block trade of ~1.4 lakh shares executed at ₹1,408.20 per share totaling ₹19.66 Cr, indicating institutional participation.

TL;DR: Prestige Estates is in aggressive expansion mode with ₹7,400 Cr+ of new launches announced in June alone across Delhi-NCR and Bengaluru, supported by strategic partnerships. Promoter holdings are unencumbered and institutional interest is visible via block trades. No material headwinds are evident in recent news. The trend is clearly growth-oriented with national diversification reducing geographic concentration risk.

Quarterly Results

  Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
2,632
1,681
2,236
1,796
2,164
1,862
2,304
1,654
1,528
2,307
2,432
3,873
4,074
Expenses
1,950
1,158
1,651
1,261
1,336
1,079
1,684
1,071
999
1,430
1,522
3,013
3,063
Operating Profit
682
522
585
535
828
784
620
583
529
877
910
860
1,010
OPM %
26%
31%
26%
30%
38%
42%
27%
35%
35%
38%
37%
22%
25%
Other Income
341
285
1,020
175
108
162
119
43
61
161
278
36
70
Interest
235
238
264
293
424
346
356
345
286
384
385
384
430
Depreciation
168
166
174
180
197
190
200
205
217
216
219
234
238
PBT
620
404
1,167
237
314
409
183
77
87
439
584
278
413
Tax %
19%
21%
22%
31%
25%
25%
-28%
58%
51%
29%
22%
12%
29%
Net Profit
505
318
910
165
236
307
235
32
43
312
457
245
292
EPS in Rs
11.68
6.66
21.23
2.9
3.49
5.8
4.46
0.41
0.58
6.79
9.99
5.17
5.81
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
3,420
5,531
4,774
5,499
5,172
8,125
7,242
6,390
8,315
7,877
7,349
12,685
Expenses
2,426
4,464
3,855
4,222
3,718
5,769
5,308
4,872
6,227
5,379
4,833
8,993
Operating Profit
994
1,068
920
1,277
1,454
2,356
1,934
1,517
2,088
2,498
2,516
3,692
OPM %
29%
19%
19%
23%
28%
29%
27%
24%
25%
32%
34%
29%
Other Income
99
288
99
82
232
161
3,036
1,018
780
1,560
386
510
Interest
321
346
316
566
723
1,023
979
555
807
1,219
1,334
1,582
Depreciation
140
127
164
155
323
667
593
471
647
716
812
906
PBT
631
882
539
638
640
827
3,398
1,509
1,414
2,122
756
1,714
Tax %
42%
26%
31%
33%
31%
34%
15%
20%
25%
23%
18%
24%
Net Profit
367
653
373
425
442
549
2,878
1,215
1,067
1,629
617
1,305
EPS in Rs
8.86
16.26
7.06
9.9
11.08
10.06
69.41
28.69
23.49
34.28
10.85
27.76
Div. Payout %
17%
7%
17%
12%
14%
15%
2%
5%
6%
5%
17%
7%
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
375
375
375
375
375
401
401
401
401
401
431
431
Reserves
3,446
3,825
4,040
4,358
3,852
4,959
7,600
8,694
9,574
10,888
14,992
15,842
Borrowings
4,071
5,374
5,739
7,416
8,487
9,272
4,898
7,412
9,420
13,458
13,180
17,659
Other Liabilities
4,463
6,886
6,676
6,754
15,720
14,844
12,201
13,664
16,876
23,227
29,634
39,436
Total Liabilities
12,355
16,460
16,830
18,902
28,433
29,476
25,100
30,171
36,271
47,974
58,237
73,368
Fixed Assets
3,010
932
3,622
5,135
6,732
8,986
3,780
5,858
6,780
8,669
10,545
11,965
CWIP
776
982
1,795
2,508
1,645
2,143
2,740
1,725
2,399
2,137
1,424
2,207
Investments
279
3,296
355
435
778
789
907
772
1,023
1,279
1,250
2,175
Other Assets
8,291
11,250
11,058
10,825
19,277
17,558
17,672
21,816
26,069
35,889
45,018
57,021
Total Assets
12,355
16,460
16,830
18,902
28,433
29,476
25,100
30,171
36,271
47,974
58,237
73,368
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-478
435
514
1,072
762
2,226
1,839
2,140
1,540
1,297
131
3,223
Investing
-426
-710
-522
-2,005
-549
-2,346
355
-4,016
-2,697
-2,455
-1,348
-5,636
Financing
1,104
225
-80
960
87
252
-634
1,598
546
1,969
959
1,959
Net Cash Flow
200
-50
-87
26
300
133
1,560
-278
-612
812
-258
-453
Free Cash Flow
-866
-486
-353
497
18
728
1,090
-130
-111
-603
-1,367
349
CFO/OP
-22
71
91
106
68
107
106
157
89
69
21
106
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
94
75
77
64
117
66
69
81
58
57
67
59
Inventory Days
—
—
—
7,574
—
2,500
1,954
7,470
—
—
—
2,875
Days Payable
—
—
—
1,795
—
269
221
633
—
—
—
179
Cash Conversion Cycle
94
75
77
5,843
117
2,297
1,803
6,918
58
57
67
2,755
Working Capital Days
33
49
56
-87
-198
-114
-20
87
30
104
274
136
ROCE %
13%
12%
8%
11%
10%
13%
11%
8%
10%
11%
8%
10%

Shareholding Pattern

As of Mar 2026
Promoters 60.94%
DIIs 22.59%
FIIs 14.20%
Public 1.82%
Others 0.44%
Total 99.99%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters
65.48%
65.48%
65.48%
65.48%
65.48%
65.48%
65.48%
65.48%
65.48%
65.48%
65.48%
65.48%
65.48%
65.48%
60.94%
60.94%
60.94%
60.94%
60.94%
60.94%
60.94%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
19.50%
0.00%
16.06%
16.83%
19.12%
19.30%
17.08%
16.65%
15.75%
15.72%
14.20%
DIIs
3.41%
3.74%
4.93%
5.67%
6.00%
6.24%
6.75%
9.41%
10.50%
11.27%
12.83%
12.37%
14.97%
14.42%
16.75%
16.73%
19.23%
19.64%
20.68%
20.96%
22.59%
Government
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%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
1.50%
1.92%
2.31%
2.43%
2.34%
2.24%
2.32%
2.01%
2.02%
1.77%
1.75%
2.64%
2.86%
2.62%
2.56%
2.40%
2.21%
2.20%
2.07%
1.86%
1.82%
Others
29.61%
28.86%
27.27%
26.41%
26.18%
26.03%
25.44%
23.10%
22.00%
21.48%
0.44%
19.51%
0.64%
0.64%
0.63%
0.62%
0.53%
0.57%
0.55%
0.51%
0.44%
No. of Shareholders
0
29,230
40,088
48,846
58,208
60,583
57,790
62,496
66,432
59,399
74,550
1,13,174
1,47,341
1,57,402
1,75,904
1,65,302
1,68,033
1,63,103
1,64,676
1,71,130
1,94,773

Documents

Frequently Asked Questions about Prestige Estates Projects Ltd

What does Prestige Estates Projects Ltd do?
Prestige Estate Projects has diversified business model across various segments, viz Residential, Office, Retail, Hospitality, Property Management and Warehouses with operations in more than 12 major locations in India.[1]
Where is Prestige Estates Projects Ltd (PRESTIGE) listed?
Prestige Estates Projects Ltd is listed on the Indian stock exchanges. It is listed on NSE: PRESTIGE and BSE: 533274. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Prestige Estates Projects Ltd belong to?
Prestige Estates Projects Ltd operates in the Consumer Discretionary sector within the Realty industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Prestige Estates Projects Ltd?
Prestige Estates Projects Ltd has a market capitalisation of approximately ₹67064.70 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Prestige Estates Projects Ltd?
The Price-to-Earnings (PE) ratio of Prestige Estates Projects Ltd is 56.06. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Prestige Estates Projects Ltd?
Over the past 52 weeks, Prestige Estates Projects Ltd has traded between a low of ₹1,090 and a high of ₹1,814. This range helps investors understand the stock's price volatility and recent trading levels.
Does Prestige Estates Projects Ltd pay dividends?
Yes, Prestige Estates Projects Ltd has a dividend yield of 0.12%. Dividend yield indicates the annual dividend income relative to the share price. A consistent dividend history can signal financial stability.
What is the Return on Equity (ROE) of Prestige Estates Projects Ltd?
Prestige Estates Projects Ltd has a Return on Equity (ROE) of 10.40%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Prestige Estates Projects Ltd on Tapetide?
On Tapetide, you can view Prestige Estates Projects Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

Prestige Estate Projects has diversified business model across various segments, viz Residential, Office, Retail, Hospitality, Property Management and Warehouses with operations in more than 12 major locations in India.[1]

Website prestigeconstructions.com
CEO Mr. Irfan Razack
Employees 9,014
Listed 2010-10-27
Face Value ₹ 10
Issued Size 43,07,30,232

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