Prime Property Development Corporation Ltd - Stock Valuation and Financial Performance

BSE: 530695 | NSE: | Construction - Real Estate | Small Cap

Prime Prop. Dev Corp Share Price

27.92 -1.44 -4.90%
as on 28-Mar'24 16:01

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Prime Property Development Corporation stock performance -

mw4me loader
P/E Ratio (SA):
5.12
Market Cap:
47.5 Cr.
52-wk low:
9.2
52-wk high:
37.8

Is Prime Property Development Corporation Ltd an attractive stock to invest in?

1. Is Prime Property Development Corporation Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Prime Property Development Corporation Ltd is a below average quality company.

2. Is Prime Property Development Corporation Ltd undervalued or overvalued?

The key valuation ratios of Prime Property Development Corporation Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

3. Is Prime Property Development Corporation Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Prime Property Development Corporation Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Prime Prop. Dev Corp:

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.
Prime Property Development Corporation 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'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 5.6%5.7%0.9%27.6%5.2%3.3%1.5%-23.4%-4.4%9.3%-
Value Creation
Index
-0.6-0.6-0.91.0-0.6-0.8-0.9-2.7-1.3-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 525.2048.5973.60000
Sales YoY Gr.-402.4%-100%NA-81.4%-22.1%-48.3%-100%NANA-
Adj EPS 2.12.40.412.82.81.80.9-11.8-24.25.5
YoY Gr.-15.8%-85.5%3542.9%-78.2%-35.3%-52.8%-1488.2%NANA-
BVPS (₹) 37.241.540.751.954.755.556.444.241.545.646.1
Adj Net
Profit
4.24.10.621.64.73.11.4-20-3.37.19
Cash Flow from Ops. 1.36.1-4.8-5.521.4-0.51.1-1-0.6-
Debt/CF from Ops. 00000000-0.7-11-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -100%-100%-100%NA
Adj EPS 8%8.6%70.2%NA
BVPS2.3%-3.5%-6.8%9.9%
Share Price 10.6% 4% 46.8% 197.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
5.85.70.927.65.23.31.5-23.5-4.69.611.9
Op. Profit
Mgn %
28.719.2061.861.557.228.9000NAN
Net Profit
Mgn %
83.516.3044.752.543.539.7000INF
Debt to
Equity
0000000000.1-
Working Cap
Days
3,91169604662,9473,5826,7810000
Cash Conv.
Cycle
2,394238045-20-19-150000

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 11.90%

Net Profit is growing at healthy rate in last 3 years 70.19%

Sales growth has been subdued in last 3 years -100.00%

Sales growth is not so good in last 4 quarters at 0.00%

Latest Financials - Prime Property Development Corporation Ltd.

Standalone Consolidated
TTM EPS (₹) 5.5 7.9
TTM Sales (₹ Cr.) 0 34.7
BVPS (₹.) 46.1 44.9
Reserves (₹ Cr.) 70 68
P/BV 0.61 0.62
PE 5.12 3.56
From the Market
52 Week Low / High (₹) 9.16 / 37.82
All Time Low / High (₹) 0.38 / 186.75
Market Cap (₹ Cr.) 47.5
Equity (₹ Cr.) 8.5
Face Value (₹) 5
Industry PE 76.7

Management X-Ray of Prime Prop. Dev Corp:

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

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Analyst's Notes

Key Ratios of Prime Prop. Dev Corp

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales5.0125.17048.458.9973.62000
Operating Expenses 3.9620.352.0118.493.4732.5723.385.492.89
Manufacturing Costs0.210.180.160.240.360.270.140.310.100.11
Material Costs1.559.62013.28000.15000
Employee Cost 0.481.110.650.600.670.610.550.380.520.52
Other Costs 1.739.441.204.372.432.121.7322.704.872.27
Operating Profit 1.054.82-2.0129.965.5241.05-23.38-5.49-2.89
Operating Profit Margin (%) 20.9%19.2%-61.8%61.5%57.2%28.9%---
Other Income 2.303.333.454.580.530.550.602.461.424.11
Interest 0.52000.030.020.0500.130.160.16
Depreciation 0.270.150.140.150.150.080.080.080.320.40
Exceptional Items 0000000000
Profit Before Tax 2.557.991.2934.375.894.421.57-21.13-4.550.65
Tax -1.363.890.7012.721.171.370.02-0.280.02-6.22
Profit After Tax 3.914.100.5921.654.723.051.55-20.85-4.576.87
PAT Margin (%) 78.1%16.3%-44.7%52.5%43.5%42.8%---
Adjusted EPS (₹)2.02.40.412.82.81.80.9-12.3-2.74.1
Dividend Payout Ratio (%)0%41%286%8%36%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 74.3770.456988.0592.7594.1295.7374.9670.4877.45
Share Capital 108.498.498.498.498.498.498.498.498.49
Reserves 64.3761.9660.5179.5784.2685.6387.2566.486268.97
Minority Interest0000000000
Debt0000000005.82
Long Term Debt0000000000
Short Term Debt0000000005.82
Trade Payables0.290.100.160.120.170.090.090.030.050.05
Others Liabilities 6.4814.0511.5420.499.516.813.732.683.32-3.12
Total Liabilities 81.1484.6080.70108.66102.42101.0299.5677.6873.8580.21

Fixed Assets

Gross Block5.505.515.705.815.855.965.935.946.595.18
Accumulated Depreciation3.293.513.653.803.954.034.124.204.063.07
Net Fixed Assets2.211.992.042.011.901.921.811.742.532.11
CWIP 0000000000
Investments 30.7530.7530.7530.2030.1830.1430.1146.5630.1030.10
Inventories21.4512.0712.580000000
Trade Receivables0.17000000000
Cash Equivalents 0.303.820.320.401.050.880.842.420.991.85
Others Assets26.2735.9735.0176.0569.3068.0866.8026.9540.2446.15
Total Assets 81.1484.6080.70108.66102.42101.0299.5677.6873.8580.21

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 1.276.11-4.76-5.542.021.44-0.511.05-1.02-0.58
PBT 2.557.991.2934.375.894.421.57-21.13-4.550.65
Adjustment -1.34-3.15-3.28-7.77-0.01-0.36-0.23-0.37-0.28-0.93
Changes in Working Capital 1.64.58-0.18-22.7-1.1-1.74-1.722.653.89-0.25
Tax Paid -1.54-3.33-2.60-9.45-2.75-0.87-0.14-0.10-0.07-0.05
Cash Flow From Investing Activity 0.803.323.267.720.320.430.470.53-0.261.61
Capex -1.50-0.01-0.190000.05-0.010.020
Net Investments 0.75000000000
Others 1.553.333.457.720.320.430.420.54-0.281.61
Cash Flow From Financing Activity -2.32-5.91-1.99-2.09-1.70-2.0400-0.15-0.16
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 00000000-0.15-0.16
Dividend Paid -20-0.35-1.70-1.70-1.700000
Others -0.32-5.91-1.65-0.400-0.350000
Net Cash Flow -0.263.52-3.500.080.65-0.17-0.031.58-1.430.87
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)5.45.670.8527.575.223.261.63-24.43-6.299.28
ROCE (%)3.7911.051.8643.816.534.781.65-24.61-6.011.05
Asset Turnover Ratio0.050.300.510.090.070.04000
PAT to CFO Conversion(x)0.321.49-8.07-0.260.430.47-0.33N/AN/A-0.08
Working Capital Days
Receivable Days1,834000000000
Inventory Days1,56324300000000
Payable Days46080400209000

Prime Property Development Corporation Ltd Stock News

Prime Property Development Corporation Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Prime Prop. Dev Corp on 28-Mar-2024 16:01 is ₹27.92.
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 28-Mar-2024 16:01 the market cap of Prime Prop. Dev Corp stood at ₹47.50.
The latest P/E ratio of Prime Prop. Dev Corp as of 28-Mar-2024 16:01 is 5.12.
The latest P/B ratio of Prime Prop. Dev Corp as of 28-Mar-2024 16:01 is 0.61.
The 52-week high of Prime Prop. Dev Corp is ₹37.82 and the 52-week low is ₹9.16.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Prime Prop. Dev Corp is ₹0.00 ( Cr.) .

About Prime Property Development Corporation Ltd

Prime Property started its real estate activity in the year 2002, with the launch of its “Prime Avenue” project at S V Road, Vile Parle (W), having two towers ‘A’ & ‘B’.

Prime Property Development Corporation, a BSE-listed company, has been promoted by. Padamshi l. Soni, a man with vision; a man whose foundation is built on Quality, Trust and Promise. His diverse expertise in business, spanning more than three decades, of which 16 years is in real estate, has garnered the growth of Prime Property.  He has been instrumental in the construction of landmark residential and commercial buildings for high end customers in Mumbai.The company has now positioned itself as a unique company catering to the high-end of the property market.

Functioning from its owned premises in JVPD Scheme, Mumbai, Prime Property started its real estate activity in the year 2002, with the launch of its “Prime Avenue”.  In a short span since then, the company has made a name for itself as a quality developer of real estate, having constructed such other landmark projects as “Prime Plaza”, “Prime Centre” and “Prime Beach”.  All these projects are located on prime land, are luxurious residential apartments and large commercial units like show rooms, shops and offices.

PROJECT COMPLETED

  • Prime Avenue
  • Prime Plaza
  • Prime Centre
  • Prime Beach

PROJECTS ON HAND

  • Prime Down Town Mall 
  • Prime Tech Park
  • Prime Square Prime Pune Mall

PROJECTS IN PLANNING

  • Prime Shoppe - Vile Parle (West)
  • Prime Pune(Residential) - Pimpri, Pune  

Awards/ Achievements

The promoter of the company has been honoured with Kutch Shakti Vyapar Ratna Award for his achievements in business and services to the community.

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