NSE:PRESTIGENSEReal Estate
Prestige Estates Projects Limited
📊 Real Estate - Diversified
Day ₹1,406
₹1,437 Overbought
52W ₹1,090
₹1,814 Neutral
₹1,436.50
▲ ₹33.90 (+2.42%)
Vol: 158,382 · Avg: 951,539
As of April 29, 2026 · 06:40 IST
COMPOSITE RISK SCORE
60 MODERATE
VAL:8/25 · FIN:13/25 · GRO:23/25 · TECH:16/25
📈 P/E RATIO
64.0x
Trailing
📖 P/B RATIO
3.9x
Price to Book
💰 EPS
₹22.44
TTM
🏛 MARKET CAP
₹61,874Cr
Large Cap
📊 ROE
6.3%
Return on Equity
📈 REV GROWTH
134.1%
YoY
🏢 Company Analysis · Prestige Estates Projects Limited
💼 BUSINESS MODEL
  • Prestige Estates Projects Limited, together with its subsidiaries, engages in the development and leasing of real estate properties in India..
  • It develops residential projects, including townships, apartments, villas, plotted developments, as well as develops and operates retail and commercial projects..
  • The company also develops and owns hospitality properties, which include hotels, resorts, convention centres, service apartments, and golf resorts..
  • In addition, it provides real estate services comprising fit-out, interior design and execution, facilities and property management, and project and construction management services..
  • Operates in Real Estate - Diversified within the Real Estate sector.
  • Workforce of 9,014 employees.
🏰 MOAT & COMPETITION
  • Large-cap (₹61,874 Cr) — established player with meaningful market presence.
  • Key competitors: Ganesh Housing, DLF, Sri Lotus, Prestige Estates.
🚀 CATALYSTS
  • Revenue growing at 134% — strong top-line momentum.
  • Earnings growth of 1161% signals execution on profitability.
⚖️ ASYMMETRY CHECK
  • Analyst target range: ₹1,340 — ₹2,380 (mean ₹1,835, 23 analysts).
  • Favorable asymmetry — upside potential of +66% vs downside floor of -7% (9.8x reward-to-risk).
  • P/E of 64.0x — premium valuation, growth must sustain to avoid de-rating risk.
🔭 FUTURE OUTLOOK
  • Analyst consensus: Strong Buy (23 analysts).
  • Latest quarter earnings grew 1158% YoY — positive trajectory.
✅ PROS
  • Company is expected to give good quarter
❌ CONS
  • Stock is trading at 3.89 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -1.99% over past five years.
  • Company has a low return on equity of 5.98% over last 3 years.
  • Dividend payout has been low at 9.41% of profits over last 3 years
  • Promoter holding has decreased over last 3 years: -4.54%
VALUATION
8/25
25% WEIGHT
  • P/E at 64x
  • P/B at 3.9x
  • Analyst target: ₹1835 (+27.7%)
  • 1Y return: +4.2%
FINANCIAL HEALTH
13/25
25% WEIGHT
  • ROE: 6.3%
  • Profit margin: 9.6%
  • Revenue growth: 134.1%
  • Debt/Equity: 89%
GROWTH
23/25
25% WEIGHT
  • Revenue growth: 134.1%
  • Earnings growth: 1161.0%
  • Beta: 0.25
  • Sector: Real Estate
TECHNICAL
16/25
25% WEIGHT
  • RSI, MACD, MA crossovers
  • 200 DMA & 50 EMA position
  • Volume trend analysis
  • Price momentum signals
📈 Price Movement
🕯 Candlestick Chart
🎯 Price Prediction · Analyst Target Cone Source: Yahoo Finance Analyst Targets ↗
📉 Valuation Trends (at current CMP)
P/E Ratio at current CMP
234.0 179.9 125.8 71.7 17.6 '2014 '2015 '2016 '2017 '2018 '2019 '2020 '2021 '2022 '2023 '2024 '2025 TTM Mar 2014: 160.0 Mar 2015: 162.1 Mar 2016: 88.3 Mar 2017: 203.5 Mar 2018: 145.1 Mar 2019: 129.6 Mar 2020: 142.8 Mar 2021: 20.7 Mar 2022: 50.1 Mar 2023: 61.2 Mar 2024: 41.9 Mar 2025: 132.4 TTM: 63.8 63.8
💎 Valuation & Financial Metrics
P/E RATIO
64.0x
Trailing twelve months
P/B RATIO
3.9x
Price to Book value
ROE
6.3%
Return on Equity
PROFIT MARGIN
9.6%
Net profit margin
OPM
16.2%
Operating profit margin
ANALYST TARGET
₹1,835
Range: ₹1,340 - ₹2,380
Yahoo Finance ↗
PEG RATIO
N/A
Price/Earnings to Growth
EV/EBITDA
25.7x
Enterprise value ratio
CURRENT RATIO
N/A
Liquidity measure
DIVIDEND YIELD
0.13%
Annual yield
ROA
1.6%
Return on Assets
GROSS MARGIN
67.8%
Gross profit margin
INDUSTRY AVERAGES — RESIDENTIAL, COMMERCIAL PROJECTS
P/E 34.4x (above avg)
P/B 2.5x (sector fair)
ROCE 17.7% (below avg)
ROE 15% (sector good)
OPM 25% (sector good)
Div Yield 0.47%
D/E <50 (sector comfort)
📋 Quarterly Performance Trend
QuarterRevenueQoQ %Net ProfitQoQ %Op. Cash FlowEBITDA Margin
Q2 FY25 N/A— N/A— N/A N/A
Q3 FY25 ₹1,654 Cr— ₹18 Cr— N/A 37.9%
Q4 FY25 ₹1,384 Cr-16.3% ₹25 Cr+41.2% N/A 36.1%
Q1 FY26 ₹2,307 Cr+66.7% ₹292 Cr+1070.0% N/A 45.0%
Q2 FY26 ₹2,432 Cr+5.4% ₹430 Cr+47.1% N/A 48.8%
Q3 FY26 ₹3,873 Cr+59.3% ₹223 Cr-48.3% N/A 23.1%
📊 Year-on-Year Trend
FYRevenueYoY %Net ProfitYoY %Op. Cash FlowYoY %
FY22 ₹6,291 Cr— ₹1,150 Cr— ₹2,140 Cr—
FY23 ₹8,215 Cr+30.6% ₹942 Cr-18.1% ₹1,540 Cr-28.1%
FY24 ₹7,803 Cr-5.0% ₹1,374 Cr+45.9% ₹1,297 Cr-15.7%
FY25 ₹7,205 Cr-7.7% ₹468 Cr-66.0% ₹131 Cr-89.9%
📈 Revenue vs Earnings
🎯 EPS: Estimate vs Actual
💰 How Prestige Estates Projects Limited Makes Its Money
Revenue ₹3.9K Cr Cost of Revenue ₹2.1K Cr Gross Profit ₹1.8K Cr Op. Expenses ₹1.2K Cr Operating Inc. ₹626 Cr Tax ₹34 Cr Interest ₹384 Cr Net Income ₹223 Cr (5.7% margin) Dec 2025 · All values in ₹ Crores
🏦 Snapshot of Prestige Estates Projects Limited's Balance Sheet
Total Assets ₹66.6K Cr Cash & Equiv.: ₹2.2K Cr (3.3%) Receivables: ₹1.9K Cr (2.8%) Inventory: ₹35.7K Cr (53.6%) Other Current: ₹11.2K Cr (16.9%) PP&E: ₹4.8K Cr (7.1%) Goodwill: ₹53 Cr (0.1%) Other Non-Curr.: ₹10.8K Cr (16.2%) Liab. + Equity ₹66.6K Cr Current Liab.: ₹42.3K Cr (63.5%) Long-Term Debt: ₹5.0K Cr (7.4%) Other Liab.: ₹3.1K Cr (4.7%) Equity: ₹16.3K Cr (24.4%) As of Sep 2025 · All values in ₹ Crores
💸 Looking into Prestige Estates Projects Limited's Cash Flow
Operating CF ₹131 Cr Capital Exp. ₹1.6K Cr FY2025 · All values in ₹ Crores
📅 Quarterly Results Source: Screener ↗
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales +1,6812,2361,7962,1641,8622,3041,6541,5282,3072,4323,873
Expenses +1,1581,6511,2611,3361,0791,6841,0719991,4301,5223,013
Operating Profit522585535828784620583529877910860
OPM %31%26%30%38%42%27%35%35%38%37%22%
Other Income +2851,020175108162119436116127836
Interest238264293424346356345286384385384
Depreciation166174180197190200205217216219234
Profit before tax4041,1672373144091837787439584278
Tax %21%22%31%25%25%-28%58%51%29%22%12%
Net Profit +3189101652363072353243312457245
EPS in Rs6.6621.232.903.495.804.460.410.586.799.995.17
Raw PDF
📊 Profit & Loss Statement Source: Screener ↗
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales +5,4995,1728,1257,2426,3908,3157,8777,34910,140
Expenses +4,2223,7185,7695,3084,8726,2275,3794,8336,964
Operating Profit1,2771,4542,3561,9341,5172,0882,4982,5163,176
OPM %23%28%29%27%24%25%32%34%31%
Other Income +822321613,0361,0187801,560386536
Interest5667231,0239795558071,2191,3341,439
Depreciation155323667593471647716812885
Profit before tax6386408273,3981,5091,4142,1227561,388
Tax %33%31%34%15%20%25%23%18%
Net Profit +4254425492,8781,2151,0671,6296171,057
EPS in Rs9.9011.0810.0669.4128.6923.4934.2810.8522.53
Dividend Payout %12%14%15%2%5%6%5%17%
🏦 Balance Sheet Source: Screener ↗
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital375375401401401401401431431
Reserves4,3583,8524,9597,6008,6949,57410,88814,99215,397
Borrowings +7,4168,4879,2724,8987,4129,42013,45813,18014,510
Other Liabilities +6,75415,72014,84412,20113,66416,87623,22729,63436,244
Total Liabilities18,90228,43329,47625,10030,17136,27147,97458,23766,581
Fixed Assets +5,1356,7328,9863,7805,8586,7808,66910,54510,584
CWIP2,5081,6452,1432,7401,7252,3992,1371,4241,895
Investments4357787899077721,0231,2791,2501,484
Other Assets +10,82519,27717,55817,67221,81626,06935,88945,01852,618
Total Assets18,90228,43329,47625,10030,17136,27147,97458,23766,581
💰 Cash Flow Statement Source: Screener ↗
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +5141,0727622,2261,8392,1401,5401,297131
Cash from Investing Activity +-522-2,005-549-2,346355-4,016-2,697-2,455-1,348
Cash from Financing Activity +-8096087252-6341,5985461,969959
Net Cash Flow-87263001331,560-278-612812-258
Free Cash Flow-353497187281,090-130-111-603-1,367
CFO/OP91%106%68%107%106%157%89%69%21%
📈 Key Financial Ratios
Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days7764117666981585767
Inventory Days7,5742,5001,9547,470
Days Payable1,795269221633
Cash Conversion Cycle775,8431172,2971,8036,918585767
Working Capital Days56-87-198-114-208730104274
ROCE %8%11%10%13%11%8%10%11%8%
🏭 Industry Peers — Residential, Commercial Projects
#CompanyCMPP/EMkt CapROCEQtr ProfitScore
1Ganesh Housing ★₹68713.6₹5,73044.0%-66.6%69
2DLF₹60034.4₹148,4946.5%+56.1%66
3Sri Lotus₹14831.7₹7,21137.1%+36.2%66
4Prestige Estates₹1,43163.5₹61,6257.7%+1157.6%65
5Lodha Developers₹90826.5₹90,65916.6%+9.3%64
6Kesar India₹1,242118.8₹3,54923.4%+808.8%63
7Oberoi Realty₹1,71927.7₹62,51017.7%+3.5%61
8Phoenix Mills₹1,81552.3₹64,89612.8%+50.0%59
9AGI Infra₹37355.6₹4,66022.0%+36.9%56
★ Ganesh Housing ranks higher on combined P/E, ROCE, and growth metrics in Residential, Commercial Projects
🏛 Shareholding Pattern
Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters60.95%60.95%60.95%60.95%60.95%60.95%
FIIs19.30%17.08%16.64%15.74%15.72%14.20%
DIIs16.74%19.23%19.63%20.68%20.96%22.60%
Public3.02%2.74%2.78%2.63%2.37%2.26%
No. of Shareholders1,65,3021,68,0331,63,1031,64,6761,71,1301,94,773
🟢 CATALYSTS
🏆Revenue Growth 134%: Above sector norm of 10% — strong top-line momentum.
💹Analyst Upside (28%): Mean target of ₹1835 above current price.
🔀Low Beta (0.25): Less volatile than market — defensive play.
🇮Earnings Growth (1161%): Above sector norm — strong profit expansion.
🔴 RISKS
📜High P/E (64.0x): Well above sector expensive threshold of 40x — leaves little room for error.
💰Market Risk: Broader market correction or sentiment shift could impact stock.
🔓Sector Risk: Regulatory or competitive changes in Real Estate space.
🕸 Factor Analysis · Radar
Momentum 6/10: 1M +27.5%, 6M -18.1%, RSI 65, MACD bullish, Below 200DMA Sentiment 8/10: Analyst upside +27.7%, Rec: strong buy Value 2/10: P/E 64.0, P/B 3.9, EV/EBITDA 25.7 Quality 5/10: ROE 6.3%, Margin 9.6%, D/E 89 Low Volatility 9/10: Beta 0.25, Ann. vol 32% Momentum 6 Sentiment 8 Value 2 Quality 5 Low Vol 9
Momentum 6/10
1M +27.5%, 6M -18.1%, RSI 65, MACD bullish, Below 200DMA
Sentiment 8/10
Analyst upside +27.7%, Rec: strong buy
Value 2/10
P/E 64.0, P/B 3.9, EV/EBITDA 25.7
Quality 5/10
ROE 6.3%, Margin 9.6%, D/E 89
Low Volatility 9/10
Beta 0.25, Ann. vol 32%
🎯 Decision Matrix
ActionIf Stock RisesIf Stock Falls
BUYCapture 27.7% analyst upsideOPM of 16% provides margin buffer; P/E 64x vs sector median 34x is a risk
HOLDRetain existing position; wait for better entry; FII stake falling (-1.52%)Miss further upside if momentum continues; 1M return of +27.5% shows momentum
SELLLock in +4.2% 1Y return; redeploy into Ganesh Housing at lower P/EAvoid further drawdown; P/E compression risk at 64x
REASONS TO BUY
  • Analyst upside of 27.7% with mean target of ₹1,835
  • Revenue growing at 134.1% YoY (sector norm: 3%)
REASONS TO SELL / AVOID
  • P/E of 64.0x is 1.9x the sector median of 34x
  • FII stake falling (-1.52%) — institutional exit signal
  • Ganesh Housing offers lower P/E (13.6) with ROCE of 44.0% in the same sector
📰 Latest News
Prestige Estates Projects Ltd (BOM:533274) Q3 2026 Earnings Call Highlights: Record Presales ...
GuruFocus.com · 2026-02-03T01:07
Prestige Estates Projects Ltd (BOM:533274) Q2 2026 Earnings Call Highlights: Record Sales and ...
GuruFocus.com · 2025-11-20T01:03
Prestige Estates Projects Ltd (BOM:533274) Q4 2025 Earnings Call Highlights: Strong Sales ...
GuruFocus.com · 2025-06-02T19:00
RECOMMENDATION
SPECULATIVE BUY
COMPOSITE SCORE
60/100
Prestige Estates Projects Limited trades at ₹1,436.50 with a composite risk score of 60/100. The stock scores 8/25 on valuation, 13/25 on financial health, 23/25 on growth, and 16/25 on technicals. The company is currently profitable with moderate return on equity.

Analyst consensus suggests upside of 27.7% with a mean target of ₹1835. Revenue growth is at 134.1% — a strong positive signal.

Within Residential, Commercial Projects, Ganesh Housing (P/E 13.6, ROCE 44.0%) ranks higher on techno-fundamental metrics and may be worth considering.

Bottom Line: Positive for Real Estate but monitor closely. The current recommendation is SPECULATIVE BUY.
STRONG GROWTH UPSIDE POTENTIAL EXPENSIVE
RISK SCORE REPORT · NSE:PRESTIGE · GENERATED APR 29, 2026 06:40 IST · DATA VIA YAHOO FINANCE + SCREENER.IN
DISCLAIMER: THIS IS NOT FINANCIAL ADVICE. DATA MAY BE DELAYED. ALWAYS VERIFY WITH OFFICIAL SOURCES BEFORE INVESTING.