BSE:533274

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Prestige Estates Projects

Executive Summary

Prestige Estates Projects Limited, together with its subsidiaries, engages in the development, construction, and leasing of real estate properties in India. More Details


Snowflake Analysis

Moderate growth potential with questionable track record.


Similar Companies

Share Price & News

How has Prestige Estates Projects's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 533274 is not significantly more volatile than the rest of Indian stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: 533274's weekly volatility (7%) has been stable over the past year.


Market Performance


7 Day Return

7.0%

533274

3.6%

IN Real Estate

2.3%

IN Market


1 Year Return

-5.6%

533274

-9.2%

IN Real Estate

7.4%

IN Market

Return vs Industry: 533274 exceeded the Indian Real Estate industry which returned -9.2% over the past year.

Return vs Market: 533274 underperformed the Indian Market which returned 7.4% over the past year.


Shareholder returns

533274IndustryMarket
7 Day7.0%3.6%2.3%
30 Day9.8%6.4%8.1%
90 Day16.1%15.8%10.0%
1 Year-4.7%-5.6%-8.7%-9.2%9.4%7.4%
3 Year-9.3%-11.0%-19.9%-21.3%5.2%0.1%
5 Year40.1%35.9%47.2%42.5%52.4%41.0%

Long-Term Price Volatility Vs. Market

How volatile is Prestige Estates Projects's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Prestige Estates Projects undervalued compared to its fair value and its price relative to the market?

45.85x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: 533274 (₹279.05) is trading above our estimate of fair value (₹10.33)

Significantly Below Fair Value: 533274 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 533274 is poor value based on its PE Ratio (45.9x) compared to the IN Real Estate industry average (15.5x).

PE vs Market: 533274 is poor value based on its PE Ratio (45.9x) compared to the Indian market (17.1x).


Price to Earnings Growth Ratio

PEG Ratio: 533274 is poor value based on its PEG Ratio (1.2x)


Price to Book Ratio

PB vs Industry: 533274 is overvalued based on its PB Ratio (2.1x) compared to the IN Real Estate industry average (0.6x).


Next Steps

Future Growth

How is Prestige Estates Projects forecast to perform in the next 1 to 3 years based on estimates from 12 analysts?

38.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 533274's forecast earnings growth (38.7% per year) is above the savings rate (7.2%).

Earnings vs Market: 533274's earnings (38.7% per year) are forecast to grow faster than the Indian market (24.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: 533274's revenue (7.8% per year) is forecast to grow slower than the Indian market (11.4% per year).

High Growth Revenue: 533274's revenue (7.8% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 533274's Return on Equity is forecast to be low in 3 years time (8.3%).


Next Steps

Past Performance

How has Prestige Estates Projects performed over the past 5 years?

5.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 533274 has high quality earnings.

Growing Profit Margin: 533274's current net profit margins (3.1%) are lower than last year (6.5%).


Past Earnings Growth Analysis

Earnings Trend: 533274's earnings have grown by 5.8% per year over the past 5 years.

Accelerating Growth: 533274's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: 533274 had negative earnings growth (-43.8%) over the past year, making it difficult to compare to the Real Estate industry average (-4.7%).


Return on Equity

High ROE: 533274's Return on Equity (6.8%) is considered low.


Next Steps

Financial Health

How is Prestige Estates Projects's financial position?


Financial Position Analysis

Short Term Liabilities: 533274's short term assets (₹147.0B) do not cover its short term liabilities (₹156.0B).

Long Term Liabilities: 533274's short term assets (₹147.0B) exceed its long term liabilities (₹79.5B).


Debt to Equity History and Analysis

Debt Level: 533274's debt to equity ratio (151.6%) is considered high.

Reducing Debt: 533274's debt to equity ratio has increased from 109.4% to 151.6% over the past 5 years.

Debt Coverage: 533274's debt is well covered by operating cash flow (22.6%).

Interest Coverage: 533274's interest payments on its debt are not well covered by EBIT (1.7x coverage).


Balance Sheet


Next Steps

Dividend

What is Prestige Estates Projects's current dividend yield, its reliability and sustainability?

0.54%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: 533274's dividend (0.54%) is higher than the bottom 25% of dividend payers in the Indian market (0.53%).

High Dividend: 533274's dividend (0.54%) is low compared to the top 25% of dividend payers in the Indian market (2.15%).


Stability and Growth of Payments

Stable Dividend: 533274 has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: 533274's dividend payments have increased, but the company has only paid a dividend for 9 years.


Current Payout to Shareholders

Dividend Coverage: Unable to calculate sustainability of dividends as 533274 has not reported any payouts.


Future Payout to Shareholders

Future Dividend Coverage: 533274's dividends in 3 years are forecast to be thoroughly covered by earnings (14.6% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

4.7yrs

Average management tenure


CEO

Venkat Narayana (41 yo)

3.25yrs

Tenure

₹11,950,000

Compensation

Mr. Konanki Venkata Narayana, also known as Venkat, has been Chief Executive Officer of Prestige Estates Projects Limited since August 14, 2017. Mr. Narayana served as the Chief Financial Officer and Execu...


Leadership Team

NamePositionTenureCompensationOwnership
Irfan Razack
Chairman & MD23.42yrs₹70.79m2.34%
₹ 2.6b
Rezwan Razack
Joint Managing Director23.42yrs₹70.79m2.34%
₹ 2.6b
Uzma Irfan
Director of Corporate Communications & Director6yrs₹6.00m0.20%
₹ 214.7m
Noaman Razack
Whole Time Director9.83yrs₹5.40m2.34%
₹ 2.6b
Nawabzada Bin Jung
Managing Director of Hospitality4.67yrs₹1.00mno data
Konanki Narayana
Chief Executive Officer3.25yrs₹11.95m0.0068%
₹ 7.5m
V. V. B. Sarma
Chief Financial Officer3.25yrs₹6.81mno data
Milan Khurana
Executive Director of HRno data₹1.61mno data
T. Pai
Executive Director of Legalno data₹5.76mno data
Manoj Krishna J.V.
Company Secretary & Compliance Officer1.5yrsno datano data
Swaroop Anish
Executive Director of Business Developmentno data₹16.12mno data
Shubamay Ganguly
Head of Salesno datano datano data

4.7yrs

Average Tenure

52.5yo

Average Age

Experienced Management: 533274's management team is considered experienced (4.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Irfan Razack
Chairman & MD23.42yrs₹70.79m2.34%
₹ 2.6b
Rezwan Razack
Joint Managing Director23.42yrs₹70.79m2.34%
₹ 2.6b
Uzma Irfan
Director of Corporate Communications & Director6yrs₹6.00m0.20%
₹ 214.7m
Noaman Razack
Whole Time Director9.83yrs₹5.40m2.34%
₹ 2.6b
Pangal Nayak
Independent Non–Executive Director11yrs₹700.00kno data
Noor Jaffer
Independent Non–Executive Director11yrs₹500.00kno data
Biji Koshy
Independent Non–Executive Director11yrs₹700.00k0.00012%
₹ 132.0k
Jagdeesh Reddy
Independent Non–Executive Director11yrs₹700.00kno data
Neelam Chhiber
Independent Non–Executive Director1.25yrs₹300.00kno data

11.0yrs

Average Tenure

63yo

Average Age

Experienced Board: 533274's board of directors are seasoned and experienced ( 11 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.9%.


Top Shareholders

Company Information

Prestige Estates Projects Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Prestige Estates Projects Limited
  • Ticker: 533274
  • Exchange: BSE
  • Founded: 1986
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: ₹110.016b
  • Shares outstanding: 400.86m
  • Website: https://www.prestigeconstructions.com

Number of Employees


Location

  • Prestige Estates Projects Limited
  • Prestige Falcon Tower
  • 19, Brunton Rd
  • Bengaluru
  • Karnataka
  • 560025
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PRESTIGENSEI (National Stock Exchange of India)YesEquity SharesININROct 2010
533274BSE (Mumbai Stock Exchange)YesEquity SharesININROct 2010

Biography

Prestige Estates Projects Limited, together with its subsidiaries, engages in the development, construction, and leasing of real estate properties in India. The company develops a range of residential proj...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/24 12:40
End of Day Share Price2020/11/24 00:00
Earnings2020/09/30
Annual Earnings2020/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.