Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post
Last Updated on: 25 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Fundamental Analysis of Prestige Estates Projects Ltd

Basic Stock Data

Last Updated: July 24, 2024, 10:44 pm

Market Cap 75,703 Cr.
Current Price 1,888
High / Low2,075/541
Stock P/E55.1
Book Value 282
Dividend Yield0.08 %
ROCE14.9 %
ROE12.9 %
Face Value 10.0
PEG Ratio1.65

Data Source: screener.in

Competitors of Prestige Estates Projects Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Techindia Nirman Ltd 36.1 Cr. 24.646.0/9.35 8.200.00 %0.43 %3.35 % 10.0
Tarmat Ltd 167 Cr. 78.7154/57.4113 60.80.00 %1.45 %1.14 % 10.0
Tantia Constructions Ltd 740 Cr. 47.061.2/18.2 16.00.00 %1.19 %5.84 % 1.00
Supreme Infrastructure India Ltd 222 Cr. 86.3117/20.8 1,8950.00 %%% 10.0
Sumit Woods Ltd 249 Cr. 81.591.2/27.027.7 24.80.00 %13.6 %12.9 % 10.0
Industry Average7,915.00 Cr265.13215.47126.970.10%13.53%60.27%6.50

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: July 10, 2024, 8:54 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: July 10, 2024, 8:54 pm

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%

Growth

Compounded Sales Growth
10 Years:12%
5 Years:9%
3 Years:3%
TTM:-5%
Compounded Profit Growth
10 Years:16%
5 Years:32%
3 Years:44%
TTM:91%
Stock Price CAGR
10 Years:22%
5 Years:48%
3 Years:75%
1 Year:233%
Return on Equity
10 Years:9%
5 Years:9%
3 Years:9%
Last Year:13%

Last Updated: July 24, 2024, 6:03 pm

Balance Sheet

Last Updated: July 10, 2024, 8:54 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital350350375375375375375401401401401401
Reserves2,3922,6293,4463,8254,0404,3583,8524,9597,6008,6949,57410,888
Preference Capital000000001431620
Borrowings2,5393,1544,0715,3745,7397,4168,4879,2724,7557,2509,42013,458
Other Liabilities2,3753,2084,4636,8866,6766,75415,72014,84412,34313,82616,87623,772
Total Liabilities7,6569,34212,35516,46016,83018,90228,43329,47625,10030,17136,27148,519
Fixed Assets2,0302,3773,0109323,6225,1356,7328,9863,7805,8586,7808,669
CWIP9129957769821,7952,5081,6452,1432,7401,7252,3992,137
Investments1752892793,2963554357787899077721,0231,279
Other Assets4,5395,6808,29111,25011,05810,82519,27717,55817,67221,81626,06936,434
Total Assets7,6569,34212,35516,46016,83018,90228,43329,47625,10030,17136,27148,519

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 -662-693-426-710-522-2,005-549-2,346355-4,016-2,697-2,548
Cash from Financing Activity 8233711,104225-8096087252-6341,5985461,969
Net Cash Flow267-174200-50-87263001331,560-278-612718

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days2941501049475776411766698158
Inventory Days7,5742,5001,9547,470
Days Payable1,795269221633
Cash Conversion Cycle2941501049475775,8431172,2971,8036,91858
Working Capital Days42718114726118922010848-675247252
ROCE %7%12%12%13%12%8%11%10%13%11%8%10%

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 Plan7,725,0001.83774.742,515,7322024-07-22207.07%
Mirae Asset Large & Midcap Fund4,432,9401.47444.582,515,7322024-07-2276.21%
HDFC ELSS Tax Saver Fund4,000,0003.29401.162,515,7322024-07-2259%
Motilal Oswal Midcap Fund4,000,0005.9401.162,515,7322024-07-2259%
Nippon India Growth Fund3,727,0541.75373.792,515,7322024-07-2248.15%
Mirae Asset Midcap Fund2,515,7321.97252.32,515,7322024-07-220%
HDFC Focused 30 Fund - Regular Plan2,500,0003.23250.732,515,7322024-07-22-0.63%
Mirae Asset ELSS Tax Saver Fund2,201,9091.17220.832,515,7322024-07-22-12.47%
Franklin India Prima Fund2,197,0002.37220.342,515,7322024-07-22-12.67%
HDFC Large and Mid Cap Fund - Regular Plan1,623,1001.21162.782,515,7322024-07-22-35.48%

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) (%)0.006.385.220.0028.87
Dividend Payout Ratio (CP) (%)0.003.783.700.0010.88
Earning Retention Ratio (%)0.0093.6294.780.0071.13
Cash Earning Retention Ratio (%)0.0096.2296.300.0089.12
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 (%)0.0093.6194.770.0071.12
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: 2,006.03

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.

Undervalued: 6.25% compared to the current price 1888

Intrinsic Value: 2,675.68

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 41.72% compared to the current price 1888

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 10.58%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 179.08, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 81.92, which may not be favorable.
  4. The company has higher borrowings (6,770.00) compared to reserves (5,521.42), 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: 13.53%)
      • 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: 60.27%)
      • 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: 55.1 (Industry average Stock P/E: 215.33)
      • 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

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 560025properties@prestigeconstructions.com
http://www.prestigeconstructions.com
Management
NamePosition Held
Mr. Irfan RazackChairman & Managing Director
Mr. 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

FAQ

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

The latest fair value of Prestige Estates Projects Ltd is ₹2006.03.

What is the Market Cap of Prestige Estates Projects Ltd?

The Market Cap of Prestige Estates Projects Ltd is 75,703 Cr..

What is the current Stock Price of Prestige Estates Projects Ltd as on 25 July 2024?

The current stock price of Prestige Estates Projects Ltd as on 25 July 2024 is 1,888.

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

In FY 2024, the High / Low of Prestige Estates Projects Ltd stocks is 2,075/541.

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

The Stock P/E of Prestige Estates Projects Ltd is 55.1.

What is the Book Value of Prestige Estates Projects Ltd?

The Book Value of Prestige Estates Projects Ltd is 282.

What is the Dividend Yield of Prestige Estates Projects Ltd?

The Dividend Yield of Prestige Estates Projects Ltd is 0.08 %.

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