Prestige Estates Projects Limited (PRESTIGE)

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Prestige Estates Projects Limited (PRESTIGE) · mywealthgrid

About

Prestige Estates Projects Limited is a major player in India's residential and commercial real-estate sector (Consumer Discretionary). With a market cap of ₹68,589 Cr, the company operates at scale—delivering ₹2.4–4.1 Cr in consolidated quarterly revenue through both direct operations and joint ventures. Healthy operating margins (29.24%) are offset by a high valuation multiple (PE 60.22), weak capital returns (ROE 7.54%), and a negative 1-year price return (–2.27%).

Face value: ₹10

Market cap

₹64,006 Cr

P/E

56.2×

P/B

3.9×

Dividend yield

0.3%

ROE

7.5%

ROCE

13.6%

Debt / equity

0.92

OPM

29.2%

EPS (TTM)

₹26.4

Book value

₹377.8

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Valuation multiple at risk: PE 60.22 offers minimal margin of safety; clarify what earnings growth justifies this and what would trigger multiple compression.
Low and volatile returns on capital: ROE 7.54% lags expectations for a developer at scale; quarterly margins swing 16.52%–37.41%—verify drivers of this volatility and margin sustainability.
Debt servicing in cyclical downturns: D/E 0.92 is non-trivial in real estate; verify debt maturity, covenant headroom, and pre-booking coverage in a slowdown.
Partnership execution risk: Consolidated revenue (₹2.4–4.1 Cr/quarter) is 3–4x standalone—verify JV terms, partner disputes, earn-outs, and exit mechanisms.

Generated analysis · source review pending

Growth drivers

Operating margins of 29.24% (peaked 37.41%) can drive profit growth if revenue scales—verify project pipeline, launch cadence, and margin sustainability across the 16.52%–37.41% range.
Consolidated execution of ₹2.4–4.1 Cr/quarter demonstrates JV delivery capability—verify project pipeline value, pre-bookings, and partner track records.
Five dividends over four years evidence cash generation—verify free-cash-flow sustainability post-capex, capital intensity of launches, and payout sustainability.
D/E 0.92 provides leverage headroom for growth—verify capital allocation strategy and if new projects target higher returns than the 7.54% ROE baseline.

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹1,486.1+4.8%1Y

Quick read

rule-based

Pros

+Healthy operating margin of 29.2%
+High promoter holding of 60.9% with no pledge

Cons

−Low return on equity of 8% (3-yr avg)
−Profit declined 5.7% a year over the last 5 years

Research score

Structured signal from quality, growth, valuation and momentum.

36/100

Business quality: 36
Growth: 39
Valuation: 34

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MIDCAP 50 NIFTY MIDCAP 150 NIFTY 200 NIFTY MIDSMALLCAP 400 NIFTY 500

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	5,531	4,775	5,499	5,172	8,125	7,264	6,390	8,315	7,877	7,349	12,685
COGS	—	—	—	2,187	4,173	4,185	3,244	4,078	2,692	1,203	5,109
Gross profit	—	—	—	2,985	3,952	3,079	3,146	4,237	5,185	6,146	7,576
	4,465	3,855	4,222	1,500	1,592	1,082	1,629	2,134	2,675	3,630	3,884
	1,066	920	1,277	1,485	2,360	1,997	1,517	2,103	2,510	2,516	3,692
OPM %	19.3%	19.3%	23.2%	28.7%	29.1%	27.5%	23.7%	25.3%	31.9%	34.2%	29.1%
Depreciation	127	164	155	323	667	593	471	647	717	812	906
Interest	346	316	566	723	1,023	990	555	807	1,219	1,334	1,582
	283	87	157	202	157	1,707	1,019	765	1,548	386	510
Profit before tax	882	539	638	640	827	2,122	1,509	1,414	2,122	756	1,714
Tax	229	166	214	199	278	520	295	348	494	139	408
Tax %	26%	30.8%	33.5%	31%	33.7%	24.5%	19.5%	24.6%	23.3%	18.4%	23.8%
	653	373	425	442	549	1,602	1,215	1,067	1,629	617	1,305
PAT margin %	11.8%	7.8%	7.7%	8.5%	6.8%	22.1%	19%	12.8%	20.7%	8.4%	10.3%
EPS (₹)	—	—	—	11.1	10.6	36.3	28.7	23.5	34.3	11.2	27.8
EPS adjusted (₹)	16.3	7.1	9.9	11.1	10.1	40	28.7	23.5	34.3	10.9	27.8
	—	—	—	13.5%	14.1%	4.1%	5.2%	6.4%	5.3%	16.1%	7.2%
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	375	375	375	375	401	401	401	401	401	431	431
Reserves	3,338	3,781	4,358	3,852	4,959	7,601	8,694	9,574	10,888	14,992	15,842
Minority interest	204	219	230	112	—	420	452	283	512	482	467
	3,277	5,236	6,908	8,211	8,627	3,983	6,513	8,121	11,462	10,600	14,986
	7,481	6,827	7,101	16,149	15,785	12,965	14,384	18,204	25,255	32,291	41,642
Total equity & liabilities	14,674	16,438	18,972	28,698	29,772	25,368	30,444	36,583	48,519	58,795	73,368
	899	932	1,592	2,303	2,800	1,981	2,672	2,553	2,808	2,702	2,932
CWIP	—	—	—	—	—	2,740	1,725	2,399	2,137	1,424	2,207
Investments	535	513	435	778	789	2,707	3,958	4,691	7,140	9,093	11,208
	13,240	14,993	16,945	25,617	26,182	17,941	22,089	26,940	36,434	45,577	57,021
Total assets	14,674	16,438	18,972	28,698	29,772	25,368	30,444	36,583	48,519	58,795	73,368

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	57.7%	48.6%	42.4%	49.2%	51%	65.8%	83.6%	59.7%
EBITDA margin %	28.1%	29%	27.2%	24%	25.1%	31.7%	34.8%	29.2%
EBIT margin %	21.9%	20.8%	19%	16.6%	17.3%	22.6%	23.8%	22.1%
PAT margin %	8.5%	6.8%	22.1%	19%	12.8%	20.7%	8.4%	10.3%
Working capital
Receivable days	117	66	69	81	58	57	67	59
Inventory days	2,194	995	836	1,302	1,286	3,275	9,671	2,875
Payable days	209	107	94	110	130	225	568	179
NWC days	2,102	954	810	1,272	1,214	3,107	9,171	2,755
Leverage
Current ratio	0.89	—	1.43	1.23	1.12	1.19	1.25	1.15
Debt to EBITDA	5.65	3.66	2.02	4.25	3.89	4.59	4.14	4.04
Debt to equity	1.94	1.61	0.5	0.72	0.81	1.02	0.69	0.92
Interest coverage	1.7	1.8	1.6	2.3	2.4	2.7	1.6	2.1
Asset turnover	0.18	0.27	0.29	0.21	0.23	0.16	0.13	0.17
Return ratios
Return on assets %	1.5%	1.8%	6.3%	4%	2.9%	3.4%	1%	1.8%
Return on capital employed %	13.2%	—	11.2%	8.8%	12.8%	19.6%	10.1%	13.6%
Return on equity %	10.5%	10.2%	20%	13.4%	10.7%	14.4%	4%	8%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	65.48%	65.48%	65.48%	65.48%	60.94%	60.94%	60.94%	60.94%	60.94%	60.94%	60.94%	60.94%
	19.5%	18.07%	16.06%	16.83%	19.12%	19.3%	17.08%	16.65%	15.75%	15.72%	14.2%	13.27%
	12.83%	13.17%	14.97%	14.42%	16.75%	16.73%	19.23%	19.64%	20.68%	20.96%	22.59%	23.51%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	2.19%	3.28%	3.49%	3.27%	3.19%	3.03%	2.75%	2.77%	2.63%	2.38%	2.27%	2.28%
No. of shareholders	—	—	—	—	—	—	—	—	1,64,676	1,71,130	1,94,773	1,84,847

Promoter holding down 4.54 percentage points since Sep 2023.

30 deals · 19 Sept 2022 – 30 Aug 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
30 Aug 2024	UBS PRINCIPAL CAPITAL ASIA LIMITED	Bulk	NSE	Sell	22,06,139	₹1,809.68	₹399.24 Cr
30 Aug 2024	COPTHALL MAURITIUS INVESTMENT LIMITED	Bulk	NSE	Sell	20,92,153	₹1,805.52	₹377.74 Cr
30 Aug 2024	UBS PRINCIPAL CAPITAL ASIA LIMITED	Bulk	NSE	Buy	34,054	₹1,776.86	₹6.05 Cr
30 Aug 2024	COPTHALL MAURITIUS INVESTMENT LIMITED	Bulk	NSE	Buy	26,598	₹1,823.57	₹4.85 Cr
29 Jul 2024	INTEGRATED CORE STRATEGIES (ASIA) PTE. LTD.	Block	BSE	Buy	1,78,699	₹1,833.45	₹32.76 Cr
29 Jul 2024	BNP PARIBAS FINANCIAL MARKETS	Block	BSE	Sell	1,78,699	₹1,833.45	₹32.76 Cr
23 Apr 2024	SOCIETE GENERALE	Block	NSE	Buy	2,19,284	₹1,242.90	₹27.25 Cr
23 Apr 2024	MARSHALL WACE INVESTMENT STRATEGIES - EUREKA FUND	Block	NSE	Sell	2,19,284	₹1,242.90	₹27.25 Cr
13 Dec 2022	C WORLDWIDE ASIA	Block	BSE	Buy	8,50,009	₹480.55	₹40.85 Cr
13 Dec 2022	C WORLDWIDE	Block	BSE	Sell	8,50,009	₹480.55	₹40.85 Cr

1–10 of 30

1 / 3

Mr. Irfan RazackExecutive Director-Chairperson related to Promoter-MD
Mr. Rezwan RazackExecutive Director
Mr. Noaman RazackExecutive Director
Ms. Uzma IrfanExecutive Director
Mr. Srinivasarao Nagabhushana Rao NagendraNon-Executive - Independent Director
Mr. Ravindra Munishwar MehtaNon-Executive - Independent Director
Ms. Neelam ChhiberNon-Executive - Independent Director
Mr. Thumpudi Srikanth BhagavatNon-Executive - Independent Director
Mr. Amit MoreChief Financial Officer
Mr. Manoj Krishna J VCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

End of day 30 Sept 2026 · underlying ₹1,481.9 · volume and open interest in contracts

3

Expiry	Close	Chg	% Chg	Settlement	Open interest	Change in OI	Volume	Lot size
27 Oct 2026	₹1,482.2	+48.9	+3.4%	₹1,482.2	12,073	-16	3,117	450
23 Nov 2026	₹1,488.1	+50.7	+3.5%	₹1,488.1	81	+9	27	450
29 Dec 2026	₹1,483.0	+44.4	+3.1%	₹1,505.3	1	+1	1	450

Open the chart icon on a row for that contract's close over 103 stored sessions, with open interest as bars beneath it.

34

27 Oct 2026 23 Nov 2026 29 Dec 2026

Calls				Strike	Puts
OI	Chg OI	Volume	LTP	—	LTP	Volume	Chg OI	OI
3	0	0	₹307.5	1,160

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 16 fund houses

Held by these funds

6.05%

of the company's equity

All mutual funds

18.78%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

75 schemes · 16 fund houses

		Shares
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	62.25 L	1,016.54	2.37%	1.445%	-1.75 L
Growth Mid Cap FundNEW	Nippon India Mutual Fund	37.27 L	608.63	1.16%	0.865%	—
Focused FundNEW	ICICI Prudential Mutual Fund	27.96 L	456.56	2.54%	0.649%	—
Business Cycle Fund	ICICI Prudential Mutual Fund	19.55 L	319.32	2.01%	0.454%	-0
Franklin India Mid Cap Fund (Formerly known as Franklin India Prima Fund) ^	Franklin Templeton Mutual Fund	16.32 L	266.49	2.04%	0.379%	-0
Mid Cap FundNEW	ICICI Prudential Mutual Fund	14.18 L	231.56	2.76%	0.329%	—
Franklin India Flexi Cap Fund ( Formerly known as Franklin India Equity Fund) ^NEW	Franklin Templeton Mutual Fund	12.9 L	210.7	1.09%	0.3%	—
Focused Fund	Old Bridge Mutual Fund	11.64 L	190.07	4.37%	0.27%	-0

1–8 of 75

1 / 10

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

59 announcementsExport CSV

1 Oct 2026, 11:33 amCompany Update

Announcement under Regulation 30 (LODR)-Press Release / Media Release

Press Release / Media Release

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	57.7%	48.6%	42.4%	49.2%	51%	65.8%	83.6%	59.7%
EBITDA margin %	28.1%	29%	27.2%	24%	25.1%	31.7%	34.8%	29.2%
EBIT margin %	21.9%	20.8%	19%	16.6%	17.3%	22.6%	23.8%	22.1%
PAT margin %	8.5%	6.8%	22.1%	19%	12.8%	20.7%	8.4%	10.3%
Working capital
Receivable days	117	66	69	81	58	57	67	59
Inventory days	2,194	995	836	1,302	1,286	3,275	9,671	2,875
Payable days	209	107	94	110	130	225	568	179
NWC days	2,102	954	810	1,272	1,214	3,107	9,171	2,755
Leverage
Current ratio	0.89	—	1.43	1.23	1.12	1.19	1.25	1.15
Debt to EBITDA	5.65	3.66	2.02	4.25	3.89	4.59	4.14	4.04
Debt to equity	1.94	1.61	0.5	0.72	0.81	1.02	0.69	0.92
Interest coverage	1.7	1.8	1.6	2.3	2.4	2.7	1.6	2.1
Asset turnover	0.18	0.27	0.29	0.21	0.23	0.16	0.13	0.17
Return ratios
Return on assets %	1.5%	1.8%	6.3%	4%	2.9%	3.4%	1%	1.8%
Return on capital employed %	13.2%	—	11.2%	8.8%	12.8%	19.6%	10.1%	13.6%
Return on equity %	10.5%	10.2%	20%	13.4%	10.7%	14.4%	4%	8%

Calls	Strike	Puts
3	0	0	₹307.5	1,160

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Lodha Developers LimitedLODHALODHA	₹1,10,460 Cr	₹1,20,344 Cr	₹18,181 Cr	₹5,859 Cr	29.5%	₹4,126 Cr	20.6%	20.1%	15.8%	1,405
The Phoenix Mills LimitedPHOENIXLTDPHOENIXLTD	₹69,017 Cr	₹74,313 Cr	₹4,545 Cr	₹2,714 Cr	59.6%	₹1,280 Cr	35.2%	12.4%	11.4%	734
Prestige Estates Projects LimitedPRESTIGEPRESTIGE	₹64,006 Cr	₹78,992 Cr	₹13,053 Cr	₹3,675 Cr	29.2%	₹1,139 Cr	10.3%	13.6%	7.5%	2,755
Oberoi Realty LimitedOBEROIRLTYOBEROIRLTY	₹63,797 Cr	₹66,613 Cr	₹6,322 Cr	₹3,572 Cr	55.9%	₹2,630 Cr	41.7%	17.5%	14.9%	1,581
Godrej Properties LimitedGODREJPROPGODREJPROP	₹48,065 Cr	₹63,680 Cr	₹5,203 Cr	₹-458 Cr	-8.1%	₹1,600 Cr	35.9%	12.5%	10.1%	6,464
Anant Raj LimitedANANTRAJANANTRAJ	₹20,797 Cr	₹21,403 Cr	₹2,551 Cr	₹688 Cr	26.1%	₹579 Cr	22.2%	12%	11.2%	236
Brigade Enterprises LimitedBRIGADEBRIGADE	₹18,579 Cr	₹24,688 Cr	₹5,532 Cr	₹1,465 Cr	25.1%	₹695 Cr	12.7%	11.1%	10.3%	938
Horizon Industrial Parks LimitedHORIZONINDHORIZONIND	₹14,025 Cr	₹20,910 Cr	₹691 Cr	₹531 Cr	76.9%	₹-198 Cr	-29.5%	3.3%	-5.9%	-46
Sobha LimitedSOBHASOBHA	₹12,968 Cr	₹13,970 Cr	₹5,617 Cr	₹364 Cr	6%	₹231 Cr	3.7%	7.4%	4.2%	17,827
Aditya Birla Real Estate LimitedABRELABREL	₹12,293 Cr	₹17,929 Cr	₹450 Cr	₹-375 Cr	-88.2%	₹-116 Cr	-83%	-4.4%	-2.7%	22,467
Sri Lotus Developers And Realty LimitedLOTUSDEVLOTUSDEV	₹11,244 Cr	₹11,374 Cr	₹840 Cr	₹299 Cr	36.5%	₹257 Cr	31.6%	22.3%	16.7%	840
Signatureglobal (India) LimitedSIGNATURESIGNATURE	₹10,376 Cr	₹13,317 Cr	₹2,282 Cr	₹-126 Cr	-1.9%	₹1,044 Cr	42.2%	3.4%	85%	1,407

Date	Category	Subject	Filing
1 Oct 2026, 11:33 am	Company Update Press Release / Media Release	Announcement under Regulation 30 (LODR)-Press Release / Media Release	PDF
30 Sept 2026, 6:35 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
29 Sept 2026, 9:26 pm	Company Update Press Release / Media Release	Announcement under Regulation 30 (LODR)-Press Release / Media Release	PDF
29 Sept 2026, 9:19 pm	Company Update General	Prestige Group Strengthens Hospitality Portfolio Through Strategic Partnership	PDF
29 Sept 2026, 4:51 pm	Company Update Press Release / Media Release	Announcement under Regulation 30 (LODR)-Press Release / Media Release	PDF
28 Sept 2026, 6:46 pm	Company Update General	Issuance Of Corporate Guarantee To The Wholly Owned Subsidiary Of The Company	PDF
17 Sept 2026, 2:31 pm	Company Update Press Release / Media Release	Announcement under Regulation 30 (LODR)-Press Release / Media Release	PDF
16 Sept 2026, 11:57 am	Company Update General	ESG Rating	PDF

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,714	2,140	1,540	1,297	131	3,223
	491	-4,045	-2,756	-2,548	-1,348	-5,636
	-645	1,628	546	1,969	959	1,959
Net cash flow	1,560	-278	-671	718	-259	-453
Free cash flow	962	-131	-111	-609	-1,452	3,223
CFO / Operating profit %	86.9%	139.5%	73.8%	51.9%	5.1%	86.9%

Prestige Estates Projects Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

3

34

Fund holders

Documents

Announcements

Events

Announcements

3

34

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

16

1

Compounded sales growth

Compounded profit growth

Return on equity

Prestige Estates Projects Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Futures3

Option chain34

Fund holders

Documents

Announcements

Events

Announcements

Ratio timeline

Quarterly record

Bulk & block deals

Board and management

Futures3

Option chain34

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Dividends16

Board meetings1

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

3

34

3

34

16

1