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Last Updated on: 03 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

Prestige Estates Projects Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: December 3, 2024, 9:27 pm

Market Cap 74,187 Cr.
Current Price 1,724
High / Low2,075/967
Stock P/E109
Book Value 384
Dividend Yield0.10 %
ROCE14.9 %
ROE12.9 %
Face Value 10.0
PEG Ratio3.27

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Prestige Estates Projects Ltd

Competitors of Prestige Estates Projects Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Techindia Nirman Ltd 50.5 Cr. 35.256.0/13.3 7.880.00 %0.43 %3.35 % 10.0
Tarmat Ltd 180 Cr. 75.7154/70.8134 71.70.00 %1.50 %1.14 % 10.0
Tantia Constructions Ltd 715 Cr. 45.761.2/21.0 16.00.00 %1.06 %5.61 % 1.00
Supreme Infrastructure India Ltd 332 Cr. 128140/38.5 1,8950.00 %%% 10.0
SPML Infra Ltd – a Multi-sector Infrastructure Player 1,421 Cr. 240306/82.064.8 96.70.00 %3.69 %0.16 % 2.00
Industry Average6,409.33 Cr228.0873.14172.020.08%7.34%83.76%6.61

All Competitor Stocks of Prestige Estates Projects Ltd

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales2,2461,4161,3001,3282,4001,9381,4282,3172,6321,6812,2361,7962,164
Expenses1,7101,0869369651,9011,4791,0611,7451,9501,1581,6511,2611,336
Operating Profit536330364362500459367572682522585535828
OPM %24%23%28%27%21%24%26%25%26%31%26%30%38%
Other Income2,891584620903223193303412851,020175108
Interest248132150129174185186201235238264293424
Depreciation122113114113130147163170168166174180197
Profit before tax3,0581431461401,0983512112326204041,167237314
Tax %12%35%34%33%14%28%30%30%19%21%22%31%25%
Net Profit2,677929694945251149162505318910165236
EPS in Rs66.421.431.952.2023.435.113.513.1911.686.6621.232.903.49

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,0521,9482,5493,4205,5314,7745,4995,1728,1257,2426,3908,3158,345
Expenses7541,3681,8292,4264,4643,8554,2223,7185,7695,3084,8726,2276,020
Operating Profit2995797209941,0689201,2771,4542,3561,9341,5172,0882,324
OPM %28%30%28%29%19%19%23%28%29%27%24%25%28%
Other Income3264979928899822321613,0361,0187801,821
Interest1191492293213463165667231,0239795558071,030
Depreciation616889140127164155323667593471647687
Profit before tax1514265006318825396386408273,3981,5091,4142,428
Tax %41%31%35%42%26%31%33%31%34%15%20%25%
Net Profit822913213676533734254425492,8781,2151,0671,898
EPS in Rs2.528.178.988.8616.267.069.9011.0810.0669.4128.6923.4942.47
Dividend Payout %48%15%17%17%7%17%12%14%15%2%5%6%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)254.88%10.31%14.33%77.93%-42.88%13.94%4.00%24.21%424.23%-57.78%-12.18%
Change in YoY Net Profit Growth (%)0.00%-244.57%4.02%63.60%-120.81%56.82%-9.94%20.21%400.02%-482.01%45.60%

Prestige Estates Projects Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2012-2013 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:12%
5 Years:9%
3 Years:3%
TTM:-8%
Compounded Profit Growth
10 Years:16%
5 Years:32%
3 Years:44%
TTM:-60%
Stock Price CAGR
10 Years:21%
5 Years:39%
3 Years:58%
1 Year:56%
Return on Equity
10 Years:9%
5 Years:9%
3 Years:9%
Last Year:13%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 7:50 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital350350375375375375375401401401401401431
Reserves2,3922,6293,4463,8254,0404,3583,8524,9597,6008,6949,57410,88816,121
Borrowings2,5393,1544,0715,3745,7397,4168,4879,2724,8987,4129,42013,45812,351
Other Liabilities2,3753,2084,4636,8866,6766,75415,72014,84412,20113,66416,87623,22725,652
Total Liabilities7,6569,34212,35516,46016,83018,90228,43329,47625,10030,17136,27147,97454,556
Fixed Assets2,0302,3773,0109323,6225,1356,7328,9863,7805,8586,7808,6699,323
CWIP9129957769821,7952,5081,6452,1432,7401,7252,3992,1372,059
Investments1752892793,2963554357787899077721,0231,2791,380
Other Assets4,5395,6808,29111,25011,05810,82519,27717,55817,67221,81626,06935,88941,793
Total Assets7,6569,34212,35516,46016,83018,90228,43329,47625,10030,17136,27147,97454,556

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +106148-4784355141,0727622,2261,8392,1401,5401,297
Cash from Investing Activity +-662-693-426-710-522-2,005-549-2,346355-4,016-2,697-2,455
Cash from Financing Activity +8233711,104225-8096087252-6341,5985461,969
Net Cash Flow267-174200-50-87263001331,560-278-612812

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow299.00577.00717.00990.00-4.00915.00-6.00-7.00-7.00-3.00-6.00-7.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days150104947577641176669815857
Inventory Days7,5742,5001,9547,470
Days Payable1,795269221633
Cash Conversion Cycle1501049475775,8431172,2971,8036,9185857
Working Capital Days18114726118922010848-675247252436
ROCE %12%12%13%12%8%11%10%13%11%8%10%15%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters65.48%65.48%65.48%65.48%65.48%65.48%65.48%65.48%65.48%65.48%65.48%65.48%
FIIs25.31%24.67%24.28%23.73%23.17%22.21%21.19%20.68%19.50%18.07%16.06%16.83%
DIIs5.68%6.37%6.82%7.59%8.09%9.41%10.50%11.27%12.82%13.17%14.96%14.43%
Public3.53%3.47%3.42%3.20%3.26%2.90%2.83%2.57%2.20%3.28%3.51%3.27%
No. of Shareholders48,84658,20860,58357,79062,49661,40966,43259,39974,5501,13,1741,47,3411,57,402

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Flexi Cap Fund - Regular Plan7,725,0001.83774.742,515,7322024-12-02207.07%
Mirae Asset Large & Midcap Fund4,432,9401.47444.582,515,7322024-12-0276.21%
HDFC ELSS Tax Saver Fund4,000,0003.29401.162,515,7322024-12-0259%
Motilal Oswal Midcap Fund4,000,0005.9401.162,515,7322024-12-0259%
Nippon India Growth Fund3,727,0541.75373.792,515,7322024-12-0248.15%
Mirae Asset Midcap Fund2,515,7321.97252.32,515,7322024-12-020%
HDFC Focused 30 Fund - Regular Plan2,500,0003.23250.732,515,7322024-12-02-0.63%
Mirae Asset ELSS Tax Saver Fund2,201,9091.17220.832,515,7322024-12-02-12.47%
Franklin India Prima Fund2,197,0002.37220.342,515,7322024-12-02-12.67%
HDFC Large and Mid Cap Fund - Regular Plan1,623,1001.21162.782,515,7322024-12-02-35.48%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)34.2823.4928.6936.3210.63
Diluted EPS (Rs.)34.2823.4928.6936.3210.63
Cash EPS (Rs.)58.2242.3342.4654.1230.20
Book Value[Excl.RevalReserv]/Share (Rs.)294.36255.89238.14176.98139.40
Book Value[Incl.RevalReserv]/Share (Rs.)294.36255.89238.14176.98139.40
Revenue From Operations / Share (Rs.)196.49207.41159.38181.20202.66
PBDIT / Share (Rs.)100.9463.4443.5155.1261.72
PBIT / Share (Rs.)83.0647.3031.7640.3345.09
PBT / Share (Rs.)52.6634.8638.0652.3020.52
Net Profit / Share (Rs.)40.3426.1930.7139.3413.57
NP After MI And SOA / Share (Rs.)34.2723.4928.6836.3210.05
PBDIT Margin (%)51.3730.5827.2930.4130.45
PBIT Margin (%)42.2722.8019.9222.2522.25
PBT Margin (%)26.7916.8023.8728.8610.12
Net Profit Margin (%)20.5312.6219.2721.706.69
NP After MI And SOA Margin (%)17.4411.3217.9920.044.96
Return on Networth / Equity (%)12.179.4412.6421.817.52
Return on Capital Employeed (%)17.6912.548.7415.4413.78
Return On Assets (%)2.832.573.775.451.35
Long Term Debt / Equity (X)0.400.340.440.361.16
Total Debt / Equity (X)1.020.810.710.541.61
Asset Turnover Ratio (%)0.180.170.200.160.13
Current Ratio (X)1.191.121.231.050.90
Quick Ratio (X)0.370.440.500.450.22
Dividend Payout Ratio (NP) (%)4.376.385.220.0028.87
Dividend Payout Ratio (CP) (%)2.873.783.700.0010.88
Earning Retention Ratio (%)95.6393.6294.780.0071.13
Cash Earning Retention Ratio (%)97.1396.2296.300.0089.12
Interest Coverage Ratio (X)3.323.153.142.232.42
Interest Coverage Ratio (Post Tax) (X)2.331.921.761.111.49
Enterprise Value (Cr.)56319.6022739.6624592.5513883.3114643.63
EV / Net Operating Revenue (X)7.152.733.851.911.80
EV / EBITDA (X)13.928.9414.106.285.92
MarketCap / Net Operating Revenue (X)5.951.943.101.690.82
Retention Ratios (%)95.6293.6194.770.0071.12
Price / BV (X)4.151.622.181.841.26
Price / Net Operating Revenue (X)5.951.943.101.690.82
EarningsYield0.020.050.050.110.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Prestige Estates Projects Ltd as of December 3, 2024 is: 5,404.82

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 3, 2024, Prestige Estates Projects Ltd is Undervalued by 213.50% compared to the current share price 1,724.00

Intrinsic Value of Prestige Estates Projects Ltd as of December 3, 2024 is: 7,209.05

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 3, 2024, Prestige Estates Projects Ltd is Undervalued by 318.16% compared to the current share price 1,724.00

Last 5 Year EPS CAGR: 33.38%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (4.85 cr) and profit (403.15 cr) over the years.
  1. The stock has a low average ROCE of 11.25%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 179.83, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 62.17, which may not be favorable.
  4. The company has higher borrowings (7,199.31) compared to reserves (6,336.77), which may suggest financial risk.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Prestige Estates Projects Ltd:
    1. Net Profit Margin: 20.53%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 17.69% (Industry Average ROCE: 7.02%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 12.17% (Industry Average ROE: 72.84%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 2.33
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.37
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 109 (Industry average Stock P/E: 44.52)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 1.02
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Prestige Estates Projects Ltd. is a Public Limited Listed company incorporated on 04/06/1997 and has its registered office in the State of Karnataka, India. Company’s Corporate Identification Number(CIN) is L07010KA1997PLC022322 and registration number is 022322. Currently Company is involved in the business activities of Construction of buildings. Company’s Total Operating Revenue is Rs. 4559.20 Cr. and Equity Capital is Rs. 400.90 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
RealtyPrestige Falcon Tower, No.19, Brunton Road, Bengaluru Karnataka 560025investors@prestigeconstructions.com
http://www.prestigeconstructions.com
Management
NamePosition Held
Mr. Irfan RazackChairman & Managing Director
Dr. Rezwan RazackJoint Managing Director
Mr. Noaman RazackWhole Time Director
Mrs. Uzma IrfanDirector
Mr. Noor Ahmed JafferIndependent Director
Dr. Pangal Ranganath NayakIndependent Director
Mr. Biji George KoshyIndependent Director
Mr. Jagdeesh K ReddyIndependent Director
Ms. Neelam ChhiberIndependent Director
Mr. S N NagendraIndependent Director
Dr. Ravindra Munishwar MehtaIndependent Director
Mr. Nawabzada Omer Bin JungExecutive Director
Ms. Anjum JungExecutive Director
Mr. Zackria HashimExecutive Director
Mr. Mohamed Zaid SadiqExecutive Director
Mr. Faiz RezwanExecutive Director
Mr. Zayd NoamanExecutive Director
Ms. Sana RezwanExecutive Director
Mr. Nayeem NooExecutive Director
Mr. T Arvind PaiExecutive Director
Mr. Swaroop AnishExecutive Director
Mr. V GopalExecutive Director
Mr. Suresh SingaraveluExecutive Director
Lt. Col. Milan KhuranaExecutive Director

FAQ

What is the latest intrinsic value of Prestige Estates Projects Ltd?

The latest intrinsic value of Prestige Estates Projects Ltd as on 03 December 2024 is ₹5404.82, which is 213.50% higher than the current market price of ₹1,724.00. The stock has a market capitalization of 74,187 Cr. and recorded a high/low of ₹2,075/967 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹16,121 Cr and total liabilities of ₹54,556 Cr.

What is the Market Cap of Prestige Estates Projects Ltd?

The Market Cap of Prestige Estates Projects Ltd is 74,187 Cr..

What is the current Stock Price of Prestige Estates Projects Ltd as on 03 December 2024?

The current stock price of Prestige Estates Projects Ltd as on 03 December 2024 is 1,724.

What is the High / Low of Prestige Estates Projects Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Prestige Estates Projects Ltd stocks is 2,075/967.

What is the Stock P/E of Prestige Estates Projects Ltd?

The Stock P/E of Prestige Estates Projects Ltd is 109.

What is the Book Value of Prestige Estates Projects Ltd?

The Book Value of Prestige Estates Projects Ltd is 384.

What is the Dividend Yield of Prestige Estates Projects Ltd?

The Dividend Yield of Prestige Estates Projects Ltd is 0.10 %.

What is the ROCE of Prestige Estates Projects Ltd?

The ROCE of Prestige Estates Projects Ltd is 14.9 %.

What is the ROE of Prestige Estates Projects Ltd?

The ROE of Prestige Estates Projects Ltd is 12.9 %.

What is the Face Value of Prestige Estates Projects Ltd?

The Face Value of Prestige Estates Projects Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Prestige Estates Projects Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE