Prestige Estates Projects Ltd Stock Analysis

BSE: 533274 | NSE: PRESTIGE | Construction - Real Estate | Mid Cap

BSE Share Price 06-Dec-2022 09:55
486.55 -9.00 (-1.82%)

DeciZen - Make an Informed Decision on Prestige EstatesProj

Overall Rating

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Prestige EstatesProj Price Chart

P/E Ratio (SA) :
20.26
Market Cap :
19,864.7 Cr.
52-wk low :
375
52-wk high :
553.4
Bole Toh?

1. Is Prestige Estates Projects Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Prestige Estates Projects Ltd is a below average quality company.

2. Is Prestige Estates Projects Ltd undervalued or overvalued?

The key valuation ratios of Prestige Estates Projects Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Prestige Estates Projects Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Prestige Estates Projects Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Prestige EstatesProj:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Prestige Estates Projects Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 8.6%8.5%9.6%7.9%6.8%5.8%6.4%6.5%6.8%9.2%-
Value Creation Index -0.4-0.4-0.3-0.4-0.5-0.6-0.5-0.5-0.5-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,5122,0052,4503,2612,1762,9932,4413,3564,0544,5594,616
YoY Gr. Rt. %-32.6%22.2%33.1%-33.3%37.5%-18.4%37.5%20.8%12.5%-
Adj EPS 7.58.510.710.610.86.27.55.56.61424.5
YoY Gr. Rt. %-13.8%25.1%-0.8%2.5%-42.8%21.2%-26.5%20%111.4%-
BVPS (₹) 77.484.9103.9110.8126.3131.1113.3131.4136.7158.9161.3
Adj Net Profit 262298400396406232281221265560981
Cash Flow from Ops. 5.5-9.1-407-163-10614675.32202,8851,492-
Debt/CF from Ops. 283.5-199.5-5.8-22.2-31.127.863.421.90.81.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 13%15.9%23.2%12.5%
Adj EPS 7.2%5.2%23%111.4%
BVPS 8.34.711.916.2
Share Price 11.4% 9.8% 14.3% 10.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 10.810.511.79.99.14.86.14.64.99.515.3
Op. Profit Mgn % 27.725.228.517.720.419.226.329.923.218.221.2
Net Profit Mgn % 17.314.916.312.218.77.811.56.66.512.321.2
Debt to Equity 0.60.60.60.90.70.81.10.90.40.40.2
Working Cap Days 9158148598931,6571,2941,8561,4631,1341,0281,136
Cash Conv. Cycle 4303443453247704931,120861660487100

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 15.30%

Sales growth is growing at healthy rate in last 3 years 23.15%

Net Profit is growing at healthy rate in last 3 years 23.04%

Debt to equity has declined versus last 3 years average to 0.40

Sales growth is not so good in last 4 quarters at 9.29%

Latest Financials - Prestige Estates Projects Ltd.

Standalone Consolidated
TTM EPS (₹) 24.5 34.4
TTM Sales (₹ Cr.) 4,616 7,144
BVPS (₹.) 161.3 234
Reserves (₹ Cr.) 6,066 8,980
P/BV 3.07 2.12
PE 20.26 14.41
From the Market
52 Week Low / High (₹) 375.00 / 553.40
All Time Low / High (₹) 57.55 / 553.40
Market Cap (₹ Cr.) 19,865
Equity (₹ Cr.) 400.9
Face Value (₹) 10
Industry PE 41.6

Management X-Ray of Prestige EstatesProj :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Prestige EstatesProj

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Prestige Estates Projects Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Prestige EstatesProj on 06-Dec-2022 09:55 is : 486.6.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 06-Dec-2022 09:55 the market cap of Prestige EstatesProj stood at ₹ 19,864.7.
The latest PE ratio of Prestige EstatesProj as of 06-Dec-2022 09:55 is 20.26.
The latest PB ratio of Prestige EstatesProj as of 06-Dec-2022 09:55 is 3.07
The 52-week high of Prestige EstatesProj is ₹ 553.4 and the 52-week low is ₹ 375.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Prestige EstatesProj is ₹ 4,616 ( Cr.) .

About Prestige Estates Projects Ltd

Prestige Estate Projects commenced operations as a partnership firm constituted under the Indian Partnership Act, 1932 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.

The name of the firm was changed to Prestige Estates Projects by a supplementary deed of partnership dated May 12, 1997. The firm was registered as a private limited company under Part-IX of the Companies Act, 1956, on June 4, 1997 with the name as Prestige Estates Projects Private Limited. All the business and property of the erstwhile partnership firm therefore became vested in the company. The company was converted to a public limited company on November 10, 2009 with the name Prestige Estates Projects Limited and received a fresh Certificate of Incorporation consequent upon change in status on November 10, 2009 from the RoC.

Its market leadership is anchored by its efficient execution, unmatched quality, timely delivery, diverse offerings and customer centricity.

Business area of the company

The company is engaged in the business of real estate development. The company’s principal products/services include Development and construction of Properties, Leasing of commercial properties and Share of profit /loss from partnership firm.

Business segments

  • Residential
  • Commercial/Office
  • Retail
  • Hospitality
  • Property Management

Awards

FY2017-18

  • Asia Pacific Property Awards Development
  • Asia Pacific Property Awards Interior Design
  • Asia Pacific Property Awards Architecture
  • BMA Women Entrepreneur of the Year
  • CIDC Vishwakarma Award 2017
  • Asia One World’s Greatest Brands 2016-17
  • Power Awards 2017
  • ICI (BC) - Birla Super Award for Outstanding Concrete Structure of Karnataka Building Category - 2017
  • Govt. of Karnataka Power Award
  • ET Most Promising Business Leader Award
  • Realty Plus Award
  • Shopping Centre and Mall Awards
  • Asia’s Most Promising Brands 2017
  • CREDAI CARE Award

FY2018-19

  • Asia's Most Admired Awards
  • Bangalore Best Brand
  • Extraordinaire Brand
  • CNBC Awaaz 12th Real Estate Awards
  • CNBC Real Estate Awards 2017
  • Davinci Award Publicity on Commonfloor
  • Credai Membership Certificate 2018-19
  • Grohe Hurun Award
  • ICI (BC) Birla Super Awards
  • IGBC Gold Rating For Prestige Exora Business Park
  • Shopping Center Awards
  • Lifetime Achivement Award
  • Prestige Exora - IGBC Certificate (Gold Rated)
  • Times Business Awards

FY2019-20

  • Best Retail Project Forum Vijaya Mall
  • Best Residential Project (Ultra Luxury) Kingfisher Towers
  • Best Residential Project (Mid Segment) Prestige Lakeside Habitat
  • Shopping Mall of the Year (South) Forum Shantiniketan
  • Ultra Luxury Residential Project of the Year (National) - Kingfisher Towers
  • Best Commercial Complex- Forum Centre City
  • FIABCI Prix D’Excellence Awards in (Silver Category) Conrad Hotel, Bengaluru
  • Shopping Centre of the Year (Metro-South) Forum Mall, Hyderabad
  • IBC InfoMedia Pvt Ltd India’s for Most Trusted Real Estate Co
  • ET Global Awards For Retail Excellence, 2020 for Shopping Centre of the Year (Retailers’ Choice) Forum Mall, Koramangala
  • The Institute of Cost Accountants of India - Global Summit 2020 CEO of the Year to Mr. Venkat K. Narayana Award received from Shri Piyush Goyal

Milestones and achievements

  • 1986: The company commenced operations as the partnership firm Prestige Estates and Properties
  • 1988: Completed Copper Arch on Infantry Road, its first project
  • 1995: Inaugurated Whistling Palms, its first plotted development project
  • 1997: The name of the partnership firm was changed to Prestige Estates Projects
  • 1997: The firm -- Prestige Estates Project -- was registered as Prestige Estates Projects Private Limited, a private limited company under Part-IX of the Companies Act, 1956
  • 1997: Inaugurated Prestige Elgin, its 50th project
  • 1998: Foray into property management services
  • 2000: Inaugurated Prestige Acropolis
  • 2001: Received ISO 9001:2000 Certification
  • 2001: Commenced operation of Angsana, its first hospitality project
  • 2003: Received CRISIL DA-1 rating (indicating excellent rating for ability to execute real estate projects as per specified quality level within stipulated time schedule and ability to transfer clean title)
  • 2004: Inaugurated Forum Mall, its first retail project
  • 2006: Inaugurated Prestige Ozone, a villa development
  • 2006: Launched Prestige Shantinikethan, an integrated township
  • 2006: Launched Cessna Business Park, an SEZ
  • 2007: Entered into a relationship with Red Fort India Real Estate Holdco ILLC to develop commercial space and townships.
  • 2007: Expanded operations to Cochin, Chennai and Hyderabad
  • 2007: Inaugurated UB City, its largest mixed use development
  • 2008: The company started operations of Oakwood Premier Prestige, serviced apartments at UB City
  • 2008: Inaugurated the Collections, a luxury mall at UB City
  • 2008: Entered into strategic alliance with CRIDF for developing malls across South India
  • 2008: Launched Prestige Golfshire
  • 2008: Entered into a relationship with UIOF
  • 2009: The company was converted into a public limited company with the name Prestige Estates Projects Limited and received a fresh Certificate of Incorporation consequent upon change in status from the RoC.
  • 2009: The company inaugurated the Forum Value Mall
  • 2010: Launched Prestige White Meadows
  • 2010: The Prestige Estates IPO opens on Oct 12, 2010
  • 2015-16: Launched seven projects namely, Prestige Song of South in Bengaluru; Prestige Hillside Gateway in Kochi; Prestige Kew Gardens in Bengaluru; Prestige Boulevard in Bengaluru; Prestige Fairfield in Bengaluru; Prestige Technostar in Bengaluru and Prestige Misty Waters (Phase 2) in Bengaluru
  • 2016-17: The Company has launched two residential projects aggregating to 1.98 million square feet of total developable area.
  • 2016-17: Acquisition of balance stake of Prestige Exora Business Parks Limited - The Company has acquired the balance stake of 63.94% of Equity Shares from Valdel Xtent Outsourcing Solutions Private Limited, also a wholly owned subsidiary of the Company
  • 2017-18: Entered three new markets i.e. Pune, Ahmedabad & Udaipur and spreading wings to Mumbai and NCR
  • 2017-18: Signed platform deal worth Rs 25,000 million with HDFC Capital for mid-income/ affordable housing projects
  • 2017-18: Acquisition of CapitaLand Group stake in mall entities - to contribute incremental rental
  • 2017-18: Acquired 80% stake in SPV to build state-of-the-art commercial/office space in ORR, Bengaluru
  • 2017-18: Acquisition of additional 49% stake in Prestige Pallavaram Ventures with potential total area for residential development
  • 2018-19: The company launched projects spanning 6.63 mn sq. ft. across segments and geographies
  • 2018-19: The company signed two prime real estate deals in Mumbai - one in Worli and the other in the Bandra Kurla Complex
  • 2019-20: Then company recorded the highest number of launches and completions this year, totaling 17.12 mn sq.ft. and 19.32 mn sq. ft., respectively, surpassing its annual guidance
  • 2020-2021: The company acquires 99% stake in Ace Realty Ventures
  • 2020-2021: Prestige Group ties up with Awfis to set up 6 co-working centres
  • 2020-2021: The company enters into agreement with Mysore Projects
Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login | Register Now