Reported Earnings • Aug 16
First quarter 2027 earnings released: ₹0.45 loss per share (vs ₹0.05 profit in 1Q 2026) First quarter 2027 results: ₹0.45 loss per share (down from ₹0.05 profit in 1Q 2026). Revenue: ₹157.6m (down 59% from 1Q 2026). Net loss: ₹67.8m (down ₹75.1m from profit in 1Q 2026). Over the last 3 years on average, earnings per share has fallen by 61% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings. Announcement • Aug 07
Prozone Realty Limited to Report Q1, 2027 Results on Aug 14, 2026 Prozone Realty Limited announced that they will report Q1, 2027 results on Aug 14, 2026 Reported Earnings • May 31
Full year 2026 earnings released: EPS: ₹0.70 (vs ₹2.49 loss in FY 2025) Full year 2026 results: EPS: ₹0.70 (up from ₹2.49 loss in FY 2025). Revenue: ₹2.12b (up 19% from FY 2025). Net income: ₹106.9m (up ₹486.1m from FY 2025). Profit margin: 5.0% (up from net loss in FY 2025). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 120 percentage points per year, which is a significant difference in performance. Announcement • May 22
Prozone Realty Limited to Report Fiscal Year 2026 Results on May 29, 2026 Prozone Realty Limited announced that they will report fiscal year 2026 results at 12:15 PM, Indian Standard Time on May 29, 2026 Buy Or Sell Opportunity • May 11
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to ₹49.64. The fair value is estimated to be ₹62.37, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. New Risk • Apr 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 13% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (₹6.86b market cap, or US$73.5m). Buy Or Sell Opportunity • Mar 27
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 15% to ₹44.88. The fair value is estimated to be ₹58.18, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Announcement • Mar 18
Prozone Realty Limited (BSE:534675) agreed to acquire of remaining share 38.50% stake in Hagwood Commercial Developers Private Limited from Pearlscope Limited and Triangle Real Estate India Investments Limited for INR 514 Million. Prozone Realty Limited (BSE:534675) agreed to acquire of remaining share 38.50% stake in Hagwood Commercial Developers Private Limited from Pearlscope Limited and Triangle Real Estate India Investments Limited for INR 514 Million on March 16, 2026. A cash consideration of INR 514 million will be paid by Prozone Realty Limited (BSE:534675).As part of consideration, INR 514 million is paid towards common equity of Hagwood Commercial Developers Private Limited. Upon completion, Prozone Realty Limited will own 100% stake in Hagwood Commercial Developers Private Limited.
For the period ending December 31, 2025, Hagwood Commercial Developers Private Limited reported total revenue of INR 544 million.
The expected completion of the transaction is April 30, 2026. Buy Or Sell Opportunity • Mar 02
Now 23% undervalued after recent price drop Over the last 90 days, the stock has fallen 11% to ₹46.75. The fair value is estimated to be ₹60.53, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Feb 09
Third quarter 2026 earnings released: EPS: ₹0.12 (vs ₹0.05 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.12 (up from ₹0.05 in 3Q 2025). Revenue: ₹609.5m (up 36% from 3Q 2025). Net income: ₹17.9m (up 123% from 3Q 2025). Profit margin: 2.9% (up from 1.8% in 3Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 134 percentage points per year, which is a significant difference in performance. Announcement • Jan 30
Prozone Realty Limited to Report Q3, 2026 Results on Feb 07, 2026 Prozone Realty Limited announced that they will report Q3, 2026 results at 12:15 PM, Indian Standard Time on Feb 07, 2026 New Risk • Nov 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹8.82b (US$99.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.7% average weekly change). Earnings have declined by 2.3% per year over the past 5 years. Minor Risk Market cap is less than US$100m (₹8.82b market cap, or US$99.6m). New Risk • Nov 13
New major risk - Revenue and earnings growth Earnings have declined by 2.3% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (8.8% average weekly change). Earnings have declined by 2.3% per year over the past 5 years. Reported Earnings • Nov 13
Second quarter 2026 earnings released: EPS: ₹0.10 (vs ₹0.09 loss in 2Q 2025) Second quarter 2026 results: EPS: ₹0.10 (up from ₹0.09 loss in 2Q 2025). Revenue: ₹491.2m (flat on 2Q 2025). Net income: ₹15.2m (up ₹28.5m from 2Q 2025). Profit margin: 3.1% (up from net loss in 2Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 151 percentage points per year, which is a significant difference in performance. Announcement • Nov 05
Prozone Realty Limited to Report Q2, 2026 Results on Nov 12, 2025 Prozone Realty Limited announced that they will report Q2, 2026 results on Nov 12, 2025 New Risk • Sep 17
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.1% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Market cap is less than US$100m (₹7.54b market cap, or US$85.8m). Announcement • Sep 02
Prozone Realty Limited, Annual General Meeting, Sep 26, 2025 Prozone Realty Limited, Annual General Meeting, Sep 26, 2025, at 15:00 Indian Standard Time. Buy Or Sell Opportunity • Aug 29
Now 20% overvalued after recent price rise Over the last 90 days, the stock has risen 13% to ₹39.72. The fair value is estimated to be ₹33.01, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company became loss making. Reported Earnings • Aug 16
First quarter 2026 earnings released: EPS: ₹0.05 (vs ₹0.30 loss in 1Q 2025) First quarter 2026 results: EPS: ₹0.05 (up from ₹0.30 loss in 1Q 2025). Revenue: ₹411.5m (up 28% from 1Q 2025). Net income: ₹7.29m (up ₹53.1m from 1Q 2025). Profit margin: 1.8% (up from net loss in 1Q 2025). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance. Announcement • Aug 09
Prozone Realty Limited to Report Q1, 2026 Results on Aug 14, 2025 Prozone Realty Limited announced that they will report Q1, 2026 results on Aug 14, 2025 Board Change • Jun 13
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. Independent Director Dipa Hakani was the last director to join the board, commencing their role in 2023. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • May 29
Full year 2025 earnings released: ₹2.49 loss per share (vs ₹0.30 profit in FY 2024) Full year 2025 results: ₹2.49 loss per share (down from ₹0.30 profit in FY 2024). Revenue: ₹1.91b (up 3.6% from FY 2024). Net loss: ₹379.3m (down ₹424.5m from profit in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. New Risk • Feb 26
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: ₹4.9m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (9.0% average weekly change). Significant insider selling over the past 3 months (₹4.9m sold). Market cap is less than US$100m (₹4.85b market cap, or US$55.7m). Recent Insider Transactions • Feb 26
Insider recently sold ₹2.8m worth of stock On the 18th of February, Salil Chaturvedi sold around 88k shares on-market at roughly ₹31.82 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹52m more than they bought in the last 12 months. Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: ₹0.05 (vs ₹0.03 loss in 3Q 2024) Third quarter 2025 results: EPS: ₹0.05 (up from ₹0.03 loss in 3Q 2024). Revenue: ₹473.0m (up 14% from 3Q 2024). Net income: ₹7.99m (up ₹13.0m from 3Q 2024). Profit margin: 1.7% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. New Risk • Jan 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Market cap is less than US$100m (₹5.06b market cap, or US$59.1m). Recent Insider Transactions • Dec 18
Insider recently sold ₹1.1m worth of stock On the 13th of December, Akhil Chaturvedi sold around 44k shares on-market at roughly ₹24.31 per share. This transaction amounted to 5.2% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹1.5m. Insiders have been net sellers, collectively disposing of ₹51m more than they bought in the last 12 months. Recent Insider Transactions • Dec 07
Insider recently sold ₹1.0m worth of stock On the 3rd of December, Akhil Chaturvedi sold around 42k shares on-market at roughly ₹24.84 per share. This transaction amounted to 4.7% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹1.6m. Insiders have been net sellers, collectively disposing of ₹51m more than they bought in the last 12 months. Reported Earnings • Nov 16
Second quarter 2025 earnings released: ₹0.09 loss per share (vs ₹0.09 profit in 2Q 2024) Second quarter 2025 results: ₹0.09 loss per share (down from ₹0.09 profit in 2Q 2024). Revenue: ₹507.1m (up 33% from 2Q 2024). Net loss: ₹13.3m (down 195% from profit in 2Q 2024). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • Sep 24
Prozone Realty Limited Announces Cessation of Salil Chaturvedi as Deputy Managing Director Prozone Realty Limited announced that the application made by the company to the Ministry of Corporate Affairs (MCA) for seeking approval for the reappointment of Mr. Salil Chaturvedi as Deputy Managing Director has been rejected and disposed vide their order dated September 10, 2024. In compliance with the order, he ceases to hold the position as Deputy Managing Director with effect from the order date. The Board of Directors in its meeting held on September 23, 2024 noted the same. Recent Insider Transactions • Sep 15
Insider recently sold ₹1.0m worth of stock On the 11th of September, Akhil Chaturvedi sold around 34k shares on-market at roughly ₹29.99 per share. This transaction amounted to 3.1% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹22m. Insiders have been net sellers, collectively disposing of ₹46m more than they bought in the last 12 months. Recent Insider Transactions • Aug 29
Deputy MD & Director recently sold ₹22m worth of stock On the 23rd of August, Salil Chaturvedi sold around 734k shares on-market at roughly ₹30.56 per share. This transaction amounted to 5.5% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹46m more than they bought in the last 12 months. Reported Earnings • Aug 14
First quarter 2025 earnings released: ₹0.30 loss per share (vs ₹0.58 profit in 1Q 2024) First quarter 2025 results: ₹0.30 loss per share (down from ₹0.58 profit in 1Q 2024). Revenue: ₹336.8m (down 37% from 1Q 2024). Net loss: ₹45.8m (down 151% from profit in 1Q 2024). Over the last 3 years on average, earnings per share has increased by 58% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Aug 07
Prozone Realty Limited to Report Q1, 2025 Results on Aug 13, 2024 Prozone Realty Limited announced that they will report Q1, 2025 results on Aug 13, 2024 Recent Insider Transactions • Jul 04
Deputy MD & Director recently sold ₹15m worth of stock On the 27th of June, Salil Chaturvedi sold around 500k shares on-market at roughly ₹29.82 per share. This transaction amounted to 3.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹23m more than they bought in the last 12 months. Recent Insider Transactions • Jun 15
Insider recently sold ₹1.4m worth of stock On the 11th of June, Akhil Chaturvedi sold around 46k shares on-market at roughly ₹29.71 per share. This transaction amounted to 3.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹9.1m more than they bought in the last 12 months. Reported Earnings • May 29
Full year 2024 earnings released: EPS: ₹0.30 (vs ₹1.66 in FY 2023) Full year 2024 results: EPS: ₹0.30 (down from ₹1.66 in FY 2023). Revenue: ₹2.02b (up 17% from FY 2023). Net income: ₹45.3m (down 82% from FY 2023). Profit margin: 2.2% (down from 15% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 96% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • May 23
Prozone Realty Limited to Report Q4, 2024 Results on May 28, 2024 Prozone Realty Limited announced that they will report Q4, 2024 results on May 28, 2024 Valuation Update With 7 Day Price Move • Apr 26
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹35.83, the stock trades at a trailing P/E ratio of 45.2x. Average trailing P/E is 31x in the Real Estate industry in India. Total returns to shareholders of 108% over the past three years. Announcement • Apr 04
Prozone Realty Limited Announces Term End of Punit Goenka as Independent Director Prozone Realty Limited announced that the second term of Mr. Punit Goenka as an Independent Director of the Company has come to an end from the close of business hours of 31 March 2024. Valuation Update With 7 Day Price Move • Apr 03
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹33.02, the stock trades at a trailing P/E ratio of 41.7x. Average trailing P/E is 31x in the Real Estate industry in India. Total returns to shareholders of 93% over the past three years. Recent Insider Transactions • Mar 21
Insider recently sold ₹1.1m worth of stock On the 14th of March, Akhil Chaturvedi sold around 33k shares on-market at roughly ₹34.80 per share. This transaction amounted to 2.7% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹1.3m. Insiders have been net sellers, collectively disposing of ₹7.7m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Mar 13
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₹28.54, the stock trades at a trailing P/E ratio of 36x. Average trailing P/E is 30x in the Real Estate industry in India. Total returns to shareholders of 51% over the past three years. Recent Insider Transactions • Feb 23
Insider recently sold ₹1.3m worth of stock On the 19th of February, Akhil Chaturvedi sold around 36k shares on-market at roughly ₹35.71 per share. This transaction amounted to 2.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹7.6m more than they bought in the last 12 months. New Risk • Feb 19
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 6.4% Last year net profit margin: 17% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Profit margins are more than 30% lower than last year (6.4% net profit margin). Market cap is less than US$100m (₹6.12b market cap, or US$73.8m). Announcement • Feb 06
Prozone Realty Limited to Report Q3, 2024 Results on Feb 13, 2024 Prozone Realty Limited announced that they will report Q3, 2024 results on Feb 13, 2024 Recent Insider Transactions • Dec 16
Insider recently sold ₹1.1m worth of stock On the 8th of December, Akhil Chaturvedi sold around 32k shares on-market at roughly ₹34.32 per share. This transaction amounted to 2.5% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹1.2m. Insiders have been net sellers, collectively disposing of ₹7.5m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹36.78, the stock trades at a trailing P/E ratio of 25.5x. Average trailing P/E is 28x in the Real Estate industry in India. Total returns to shareholders of 91% over the past three years. Recent Insider Transactions • Nov 25
Insider recently sold ₹1.2m worth of stock On the 20th of November, Akhil Chaturvedi sold around 40k shares on-market at roughly ₹31.35 per share. This transaction amounted to 3.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹7.7m more than they bought in the last 12 months. Reported Earnings • Nov 12
Second quarter 2024 earnings released: EPS: ₹0.09 (vs ₹0.88 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.09 (down from ₹0.88 in 2Q 2023). Revenue: ₹406.3m (up 52% from 2Q 2023). Net income: ₹13.9m (down 90% from 2Q 2023). Profit margin: 3.4% (down from 50% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 25% per year, which means it is significantly lagging earnings growth. Announcement • Nov 04
Prozone Realty Limited to Report Q2, 2024 Results on Nov 10, 2023 Prozone Realty Limited announced that they will report Q2, 2024 results on Nov 10, 2023 Valuation Update With 7 Day Price Move • Oct 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹35.18, the stock trades at a trailing P/E ratio of 15.8x. Average trailing P/E is 31x in the Real Estate industry in India. Total returns to shareholders of 118% over the past three years. Recent Insider Transactions • Sep 17
Insider recently sold ₹1.1m worth of stock On the 13th of September, Akhil Chaturvedi sold around 38k shares on-market at roughly ₹28.53 per share. This transaction amounted to 2.8% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹1.9m. Insiders have been net sellers, collectively disposing of ₹6.4m more than they bought in the last 12 months. Announcement • Sep 08
Prozone Realty Limited, Annual General Meeting, Sep 29, 2023 Prozone Realty Limited, Annual General Meeting, Sep 29, 2023, at 13:00 Indian Standard Time. Agenda: To receive, consider and adopt the audited Financial Statements of the Company on a standalone and consolidated basis, for the financial year ended 31st March 2023 including audited Balance Sheet as at 31st March 2023 and the Statement of Profit & Loss and Cash Flow Statement for the year ended on that date along with the Reports of the Directors' and Auditors' thereon; to appoint a Director in place of Mr. Bipin Gurnani who retires by rotation and being eligible, offers himself for re-appointment; to reappoint Mr Umesh Kumar as an Independent Director; to confirm, ratify and approve the investment made by Calendula Commerce Private Limited (CCPL) in Optionally Convertible Debentures issued by Prozone Developers & Realtors P. Ltd; and to consider other matters. Reported Earnings • Aug 12
First quarter 2024 earnings released: EPS: ₹0.58 (vs ₹0.01 in 1Q 2023) First quarter 2024 results: EPS: ₹0.58 (up from ₹0.01 in 1Q 2023). Revenue: ₹654.2m (up 128% from 1Q 2023). Net income: ₹89.1m (up ₹87.2m from 1Q 2023). Profit margin: 14% (up from 0.7% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 111% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Buying Opportunity • Aug 11
Now 21% undervalued Over the last 90 days, the stock is up 13%. The fair value is estimated to be ₹34.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 40% over the last 3 years. Meanwhile, the company has become profitable. Announcement • Aug 05
Prozone Realty Limited to Report Q1, 2024 Results on Aug 11, 2023 Prozone Realty Limited announced that they will report Q1, 2024 results on Aug 11, 2023 Recent Insider Transactions • Jun 29
Insider recently sold ₹1.9m worth of stock On the 26th of June, Akhil Chaturvedi sold around 76k shares on-market at roughly ₹24.53 per share. This transaction amounted to 5.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹7.5m more than they bought in the last 12 months. Reported Earnings • Jun 01
Full year 2023 earnings released: EPS: ₹1.66 (vs ₹0.23 loss in FY 2022) Full year 2023 results: EPS: ₹1.66 (up from ₹0.23 loss in FY 2022). Revenue: ₹2.31b (up 147% from FY 2022). Net income: ₹253.1m (up ₹288.2m from FY 2022). Profit margin: 11% (up from net loss in FY 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 91% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Mar 26
Insider recently sold ₹1.0m worth of stock On the 20th of March, Akhil Chaturvedi sold around 39k shares on-market at roughly ₹25.68 per share. This transaction amounted to 2.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹6.7m more than they bought in the last 12 months. Reported Earnings • Feb 17
Third quarter 2023 earnings released: EPS: ₹0.62 (vs ₹0.09 loss in 3Q 2022) Third quarter 2023 results: EPS: ₹0.62 (up from ₹0.09 loss in 3Q 2022). Revenue: ₹820.6m (up 210% from 3Q 2022). Net income: ₹94.3m (up ₹107.5m from 3Q 2022). Profit margin: 12% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Announcement • Feb 07
Prozone Intu Properties Limited to Report Q3, 2023 Results on Feb 14, 2023 Prozone Intu Properties Limited announced that they will report Q3, 2023 results at 3:30 PM, Indian Standard Time on Feb 14, 2023 Board Change • Jan 14
High number of new directors Independent Director Dipa Hakani was the last director to join the board, commencing their role in 2023. Announcement • Jan 06
Prozone Intu Properties Limited Appoints Dipa Hetal Hakani as an Independent Director Prozone Intu Properties Limited has appointed Mrs. Dipa Hetal Hakani as an Independent Director of the Company with effect from 5th January 2023. Mrs. Dipa Hetal Hakani holds a degree of Bachelor of Commerce from Mithibai College, Mumbai and a Diploma in Financial Management from NMIMS, Mumbai. She is having 20+ years of rich working experience in management and operation of various entities. She is registered as an eligible Independent Directors in the databank maintained by the Indian Institute of Corporate Affairs (IICA) and has also cleared the proficiency test conducted by IICA for becoming an eligible Independent Director. Her registration number is IDDB-DI-202002-012967 effective from 21st February 2020. Valuation Update With 7 Day Price Move • Dec 31
Investor sentiment improved over the past week After last week's 21% share price gain to ₹31.25, the stock trades at a trailing P/E ratio of 34.3x. Average trailing P/E is 25x in the Real Estate industry in India. Total returns to shareholders of 64% over the past three years. Recent Insider Transactions • Dec 28
Insider recently sold ₹1.2m worth of stock On the 22nd of December, Akhil Chaturvedi sold around 44k shares on-market at roughly ₹27.31 per share. This transaction amounted to 2.9% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹1.3m. Insiders have been net sellers, collectively disposing of ₹7.5m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improved over the past week After last week's 15% share price gain to ₹27.80, the stock trades at a trailing P/E ratio of 30.5x. Average trailing P/E is 25x in the Real Estate industry in India. Total returns to shareholders of 52% over the past three years. Recent Insider Transactions • Dec 03
Insider recently sold ₹1.3m worth of stock On the 28th of November, Akhil Chaturvedi sold around 54k shares on-market at roughly ₹23.88 per share. This transaction amounted to 3.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹8.5m more than they bought in the last 12 months. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improved over the past week After last week's 16% share price gain to ₹24.85, the stock trades at a trailing P/E ratio of 27.3x. Average trailing P/E is 24x in the Real Estate industry in India. Total returns to shareholders of 38% over the past three years. Reported Earnings • Nov 19
Second quarter 2023 earnings released: EPS: ₹0.88 (vs ₹0.08 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.88 (up from ₹0.08 in 2Q 2022). Revenue: ₹454.8m (up 50% from 2Q 2022). Net income: ₹134.0m (up ₹122.4m from 2Q 2022). Profit margin: 30% (up from 3.8% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Announcement • Nov 05
Prozone Intu Properties Limited to Report Q2, 2023 Results on Nov 14, 2022 Prozone Intu Properties Limited announced that they will report Q2, 2023 results on Nov 14, 2022 Recent Insider Transactions • Sep 14
Insider recently sold ₹1.1m worth of stock On the 7th of September, Akhil Chaturvedi sold around 47k shares on-market at roughly ₹23.94 per share. This transaction amounted to 2.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹9.5m more than they bought in the last 12 months. Announcement • Sep 09
Prozone Intu Properties Limited, Annual General Meeting, Sep 30, 2022 Prozone Intu Properties Limited, Annual General Meeting, Sep 30, 2022, at 13:00 Indian Standard Time. Agenda: To receive, consider and adopt the audited Financial Statements of the Company on a standalone and consolidated basis, for the financial year ended 31 March 2022 including audited Balance Sheet as at 31 March 2022 and the Statement of Profit & Loss and Cash Flow Statement for the year ended on that date along with the Reports of the Directors' and Auditors' thereon; to appoint a Director in place of Mr. Salil Chaturvedi, who retires by rotation and being eligible, offers himself for re-appointment; to appoint Statutory Auditors of the company and fix their remuneration; and to consider any other matter thereof. Recent Insider Transactions • Aug 25
Insider recently sold ₹1.0m worth of stock On the 19th of August, Akhil Chaturvedi sold around 46k shares on-market at roughly ₹21.75 per share. In the last 3 months, they made an even bigger sale worth ₹1.0m. Insiders have been net sellers, collectively disposing of ₹8.4m more than they bought in the last 12 months. Reported Earnings • Aug 15
First quarter 2023 earnings released: EPS: ₹0.01 (vs ₹0.33 loss in 1Q 2022) First quarter 2023 results: EPS: ₹0.01 (up from ₹0.33 loss in 1Q 2022). Revenue: ₹330.6m (up 365% from 1Q 2022). Net income: ₹1.92m (up ₹51.7m from 1Q 2022). Profit margin: 0.6% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 10% per year, which means it is well ahead of earnings. Announcement • Aug 07
Prozone Intu Properties Limited to Report Q1, 2023 Results on Aug 13, 2022 Prozone Intu Properties Limited announced that they will report Q1, 2023 results on Aug 13, 2022 Recent Insider Transactions • Jun 15
Insider recently sold ₹1.0m worth of stock On the 8th of June, Akhil Chaturvedi sold around 31k shares on-market at roughly ₹32.36 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹9.3m more than they bought in the last 12 months. Reported Earnings • Jun 02
Full year 2022 earnings released: ₹0.23 loss per share (vs ₹1.82 loss in FY 2021) Full year 2022 results: ₹0.23 loss per share (up from ₹1.82 loss in FY 2021). Revenue: ₹933.8m (up 108% from FY 2021). Net loss: ₹35.2m (loss narrowed 87% from FY 2021). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings. Announcement • May 21
Prozone Intu Properties Limited to Report Q4, 2022 Results on May 28, 2022 Prozone Intu Properties Limited announced that they will report Q4, 2022 results on May 28, 2022 Buying Opportunity • May 05
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 25%. The fair value is estimated to be ₹29.67, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 28% over the last 3 years. Meanwhile, the company became loss making. Buying Opportunity • Mar 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 38%. The fair value is estimated to be ₹28.10, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 28% per annum over the last 3 years. The company became loss making over the last 3 years. Recent Insider Transactions • Mar 05
Insider recently sold ₹1.8m worth of stock On the 28th of February, Deep Gupta sold around 70k shares on-market at roughly ₹25.84 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹10m more than they bought in the last 12 months. Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: ₹0.09 loss per share (up from ₹0.43 loss in 3Q 2021). Revenue: ₹305.3m (up 110% from 3Q 2021). Net loss: ₹13.2m (loss narrowed 80% from 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance. Announcement • Feb 05
Prozone Intu Properties Limited to Report Q3, 2022 Results on Feb 11, 2022 Prozone Intu Properties Limited announced that they will report Q3, 2022 results on Feb 11, 2022 Recent Insider Transactions • Dec 23
Insider recently sold ₹1.1m worth of stock On the 20th of December, Akhil Chaturvedi sold around 35k shares on-market at roughly ₹32.30 per share. In the last 3 months, they made an even bigger sale worth ₹1.2m. Insiders have been net sellers, collectively disposing of ₹9.3m more than they bought in the last 12 months. Recent Insider Transactions • Dec 15
Insider recently sold ₹1.1m worth of stock On the 9th of December, Akhil Chaturvedi sold around 37k shares on-market at roughly ₹29.08 per share. In the last 3 months, they made an even bigger sale worth ₹1.2m. Insiders have been net sellers, collectively disposing of ₹9.2m more than they bought in the last 12 months. Recent Insider Transactions • Nov 26
Insider recently sold ₹1.2m worth of stock On the 23rd of November, Akhil Chaturvedi sold around 45k shares on-market at roughly ₹27.55 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹9.7m more than they bought in the last 12 months. Reported Earnings • Nov 12
Second quarter 2022 earnings released: EPS ₹0.08 (vs ₹0.71 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: ₹349.3m (up ₹317.1m from 2Q 2021). Net income: ₹11.5m (up ₹119.9m from 2Q 2021). Profit margin: 3.3% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Sep 25
Insider recently sold ₹1.1m worth of stock On the 21st of September, Akhil Chaturvedi sold around 36k shares on-market at roughly ₹30.52 per share. In the last 3 months, they made an even bigger sale worth ₹1.9m. Insiders have been net sellers, collectively disposing of ₹11m more than they bought in the last 12 months. Reported Earnings • Aug 18
First quarter 2022 earnings released: ₹0.33 loss per share (vs ₹0.61 loss in 1Q 2021) First quarter 2022 results: Net loss: ₹49.8m (loss narrowed 47% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Jul 03
Insider recently sold ₹1.9m worth of stock On the 28th of June, Akhil Chaturvedi sold around 87k shares on-market at roughly ₹21.61 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹9.6m more than they bought in the last 12 months. Reported Earnings • Jun 24
Full year 2021 earnings released: ₹1.81 loss per share (vs ₹0.10 loss in FY 2020) Full year 2021 results: Net loss: ₹277.0m (loss widened ₹261.8m from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 101 percentage points per year, which is a significant difference in performance. Announcement • May 07
An unknown buyer acquired 25% stake in Moontown Trading Company Pvt Ltd from Prozone Intu Properties Limited (BSE:534675). An unknown buyer acquired 25% stake in Moontown Trading Company Pvt Ltd from Prozone Intu Properties Limited (BSE:534675) on May 3, 2021. Post completion, Prozone Intu Properties Limited does not hold any stake in Moontown and Moontown ceased to be a joint venture of Prozone Intu Properties Limited.
An unknown buyer completed the acquisition of 25% stake in Moontown Trading Company Pvt Ltd from Prozone Intu Properties Limited (BSE:534675) on May 3, 2021. Executive Departure • Apr 09
Non Executive Director has left the company On the 1st of April, Dushyant Sangar's tenure as Non Executive Director ended after 5.1 years in the role. We don't have any record of a personal shareholding under Dushyant's name. Dushyant is the only executive to leave the company over the last 12 months. 
