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Swing Capital

Prestige Estates Projects Ltd

NSE: PRESTIGE BSE: 533274Retail

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]

₹1,341
52W: ₹1090 — ₹1814
PE 600 · Book ₹274 · +389% vs book
Market Cap₹57,748 Cr
Stock P/E600Price to Earnings
ROCE4.35%Return on Capital
ROE1.44%Return on Equity
Div. Yield0.13%Face Value ₹10

Strengths

  • +Company has been maintaining a healthy dividend payout of 29.5%

Weaknesses

  • −Stock is trading at 4.85 times its book value
  • −Company has low interest coverage ratio.
  • −The company has delivered a poor sales growth of -3.06% over past five years.
  • −Tax rate seems low
  • −Company has a low return on equity of 3.12% over last 3 years.
  • −Earnings include an other income of Rs.385 Cr.
  • −Promoter holding has decreased over last 3 years: -4.54%
  • −Working capital days have increased from 54.8 days to 217 days

Shareholding Pattern

Promoters60.95%
FIIs14.2%
DIIs22.6%
Public2.26%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters65.48%60.95%▼4.560.95%60.95%60.95%60.95%60.95%60.95%
FIIs16.83%19.12%▲2.319.3%▲0.217.08%▼2.216.64%▼0.415.74%▼0.915.72%▼0.014.2%▼1.5
DIIs14.43%16.75%▲2.316.74%▼0.019.23%▲2.519.63%▲0.420.68%▲1.120.96%▲0.322.6%▲1.6
Public3.27%3.19%▼0.13.02%▼0.22.74%▼0.32.78%▲0.02.63%▼0.12.37%▼0.32.26%▼0.1

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales9605795783971,1787105884567981,129
Expenses718399366218996539467271575943
Operating Profit242180212179182171120185224187
OPM %25%31%37%45%15%24%20%41%28%17%
Net Profit1291167191813217132046
EPS ₹3.220.281.660.480.433.060.40.30.471.06

AI Insights

Revenue Trend

TTM revenue at ₹2,971Cr, up 3.4% YoY. OPM at 24%.

Debt Position

Borrowings at ₹6,440Cr. Debt-to-equity ratio: 0.57x. Moderate leverage.

Capex Cycle

CWIP at ₹2Cr (0% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 22.6% (+11.33pp change). FIIs: 14.2% (-6.48pp change). Promoters hold 60.95%.

Margin & Efficiency

ROCE declining from 14% (Mar 2014) to 4% (Mar 2025). Working capital days: 217.

Valuation

PE 600x with 4.35% ROCE. Price is 389% above book value of ₹274. Dividend yield: 0.13%.

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