Prestige Estates Projects logo

Prestige Estates Projects

PRESTIGE NSE

Key Fundamentals

MidcapResidential Commercial ProjectsRealty
Market Cap
₹63,559 Cr
Volatility
Moderate
P/E Ratio
56.64
EBITDA
₹4,219 Cr
Return on Equity
7.8%
Debt to Equity
1.09
Book Value
₹377.8
EPS
₹33.42
52W High
₹1,805.2
52W Low
₹1,090

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

3
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 20.8% CAGR over last 5 years
  • Company's working capital requirements have reduced from 162 days to 107 days

Weaknesses

3
  • Stock is trading at 3.97 times its book value
  • Company has a low return on equity of 6.20% over last 3 years.
  • Promoter holding has decreased over last 3 years: -4.53%

Growth Rate

Revenue Growth
70.58% higher than 3Y
Net Income Growth
112% higher than 3Y
Cash Flow Change
—
ROE
101% higher than 3Y
ROCE
44.08% higher than 3Y
EBITDA Margin (Avg.)
-16.02% higher than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
AI opinion · based on fundamentals
Risk high

Prestige Estates Projects Ltd is a large-cap realty company with a market cap of ₹63,559 Cr, trading at a PE of 52.5x. The company has delivered strong TTM sales growth of 67% and TTM profit growth of 116%, though its 3-year average ROE remains modest at 6%. The stock has compounded at 36% CAGR over 3 years but has been flat over the last 1 year at -1%.

Bull Case 7
  • TTM revenue growth of 67% signals a sharp acceleration in project completions and sales bookings, well above the 10-year compounded sales CAGR of 9%
  • TTM profit growth of 116% indicates significant operating leverage kicking in as higher-margin projects reach recognition stage
  • 5-year compounded profit CAGR of 21% demonstrates sustained earnings momentum beyond just one strong year
  • Working capital days reduced from 162 to 107, reflecting improved cash conversion and more efficient project execution cycles
  • ROE has improved from a 3-year average of 6% to 8% in the last year, suggesting the return profile is trending upward
  • 3-year stock CAGR of 36% and 10-year CAGR of 22% reflect long-term wealth creation through real estate upcycles
  • Company is expected to deliver a good upcoming quarter, indicating near-term revenue visibility from pre-sold inventory
Bear Case 8
  • PE ratio of 52.5x is elevated for a real estate company, pricing in significant future growth and leaving limited margin for execution misses
  • 3-year average ROE of just 6% is low for a company trading at 4.09x book value, indicating the market is paying a steep premium relative to capital efficiency
  • Promoter holding has declined by 4.53% over the last 3 years, which may signal reduced promoter conviction or dilution-driven funding
  • Price-to-book ratio of 4.09x is high for the realty sector where asset-heavy balance sheets typically trade closer to book value
  • Dividend yield of just 0.13% offers negligible income return, making the stock entirely dependent on capital appreciation
  • 1-year stock return of -1% shows recent price stagnation despite strong reported earnings growth, suggesting the market may have already priced in the upswing
  • 10-year compounded sales CAGR of only 9% and profit CAGR of 9% indicate that the recent acceleration may be cyclical rather than structural
  • ROE of 6% over 5 and 10-year periods suggests the company has historically struggled to generate returns meaningfully above its cost of equity

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

AI News Digest

Anthropic anthropic claude-opus-4.6 3h ago
Headwinds 1
  • Mahalaxmi Tower forced reclassification Sep 4

    MREAT ordered the Mahalaxmi Tower project to shift from commercial to residential use, a regulatory intervention that could affect project economics and planned revenue mix.

Positives 3
  • ₹5,600 cr Gurgaon land acquisition Sep 3

    Prestige acquired a 17.14-acre land parcel in Sector 109, Gurgaon, for a residential project with estimated GDV of ₹5,600 crore, expanding its NCR pipeline significantly.

  • 17% upside on technical setup Aug 27

    Choice Broking recommends buying at ₹1,642 with target of ₹1,810-₹1,888, implying ~17% upside. Consensus from 22 analysts is Strong Buy with 12-month target of ₹1,892. Weekly RSI at 58.05 reflects improving momentum.

  • Palm Court Chennai launch Aug 28

    Prestige launched Palm Court in Madhavaram, North Chennai — 910 apartments across 5 towers on 7.98 acres with estimated GDV of ₹1,330 crore. Company plans 3-4 more Chennai launches this financial year.

Neutral 2
  • Two new real estate subsidiaries Sep 10

    Prestige incorporated Southgrove Homes LLP and Parkgrove Realty LLP as wholly-owned subsidiaries on Sep 9, 2026, both focused on real estate development with initial capital of ₹1 lakh each.

  • ₹2 dividend and NCD approval Aug 20

    At its 29th AGM on Aug 20, Prestige approved a ₹2 final dividend for FY26 and ratified issuance of Non-Convertible Debentures via private placement.

TL;DR: Prestige Estates is actively expanding its development pipeline with a major ₹5,600 crore Gurgaon acquisition and a ₹1,330 crore Chennai launch, signaling strong growth intent across geographies. Analyst consensus remains firmly bullish with 20 of 22 analysts at Buy or Strong Buy and a ~17% upside target. The MREAT-ordered reclassification of Mahalaxmi Tower is a modest regulatory headwind but appears isolated. The overall trend is constructive, with pipeline additions and new subsidiary formations pointing to sustained launch momentum through FY27.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,681
2,236
1,796
2,164
1,862
2,304
1,654
1,528
2,307
2,432
3,873
4,074
2,675
Expenses
1,158
1,651
1,261
1,336
1,079
1,684
1,071
999
1,430
1,522
3,013
3,063
1,826
Operating Profit
522
585
535
828
784
620
583
529
877
910
860
1,010
849
OPM %
31%
26%
30%
38%
42%
27%
35%
35%
38%
37%
22%
25%
32%
Other Income
285
1,020
175
108
162
119
43
61
161
278
36
70
160
Interest
238
264
293
424
346
356
345
286
384
385
384
430
418
Depreciation
166
174
180
197
190
200
205
217
216
219
234
238
226
PBT
404
1,167
237
314
409
183
77
87
439
584
278
413
366
Tax %
21%
22%
31%
25%
25%
-28%
58%
51%
29%
22%
12%
29%
26%
Net Profit
318
910
165
236
307
235
32
43
312
457
245
292
271
EPS in Rs
6.66
21.23
2.9
3.49
5.8
4.46
0.41
0.58
6.79
9.99
5.17
5.81
5.48
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
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
13,053
Expenses
2,426
4,464
3,855
4,222
3,718
5,769
5,308
4,872
6,227
5,379
4,833
8,992
9,424
Operating Profit
994
1,068
920
1,277
1,454
2,356
1,934
1,517
2,088
2,498
2,516
3,693
3,630
OPM %
29%
19%
19%
23%
28%
29%
27%
24%
25%
32%
34%
29%
28%
Other Income
99
288
99
82
232
161
3,036
1,018
780
1,560
386
509
544
Interest
321
346
316
566
723
1,023
979
555
807
1,219
1,334
1,582
1,617
Depreciation
140
127
164
155
323
667
593
471
647
716
812
906
916
PBT
631
882
539
638
640
827
3,398
1,509
1,414
2,122
756
1,714
1,641
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
1,265
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
26.45
Div. Payout %
17%
7%
17%
12%
14%
15%
2%
5%
6%
5%
17%
7%
—
Figures in ₹ Crores

Balance Sheet

Particulars 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
38,872
Total Liabilities
12,355
16,460
16,830
18,902
28,433
29,476
25,100
30,171
36,271
47,974
58,237
72,805
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
56,457
Total Assets
12,355
16,460
16,830
18,902
28,433
29,476
25,100
30,171
36,271
47,974
58,237
72,805
Figures in ₹ Crores

Cash Flow

Particulars 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

Particulars 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
—
—
—
—
Days Payable
—
—
—
1,795
—
269
221
633
—
—
—
—
Cash Conversion Cycle
94
75
77
5,843
117
2,297
1,803
6,918
58
57
67
59
Working Capital Days
33
49
56
-87
-198
-114
-20
87
30
104
274
107
ROCE %
13%
12%
8%
11%
10%
13%
11%
8%
10%
11%
8%
10%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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Shareholding Pattern

Others0.48%Promot.60.94%Public1.79%FIIs13.27%DIIs23.51%As ofJun 2026

Documents

Frequently Asked Questions about Prestige Estates Projects

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 trades as PRESTIGE on the NSE and under code 533274 on the BSE.
Which sector does Prestige Estates Projects Ltd belong to?
Prestige Estates Projects Ltd is classified under the Realty sector, in the Residential Commercial Projects industry.
What is the market capitalisation of Prestige Estates Projects Ltd?
Prestige Estates Projects Ltd has a market capitalisation of ₹63,559 Cr, which places it in the Large Cap band.
What is the PE ratio of Prestige Estates Projects Ltd?
Prestige Estates Projects Ltd trades at a PE ratio of 56.64, on earnings per share of ₹33.42, against a book value of ₹377.8 per share.
What is the 52-week high and low of Prestige Estates Projects Ltd?
Over the last 52 weeks Prestige Estates Projects Ltd has traded between ₹1,090 and ₹1,805.2.
Does Prestige Estates Projects Ltd pay dividends?
Prestige Estates Projects Ltd has a dividend yield of 0.13%.
What is the Return on Equity (ROE) of Prestige Estates Projects Ltd?
Prestige Estates Projects Ltd reported a return on equity of 7.80%. Its debt-to-equity ratio is 1.09.

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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