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Prestige Estates Projects Ltd (PRESTIGE)

₹604.750.37%

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Overview
Fundamentals
Q1 '23 Results
Technicals
News and Events

Overview of Prestige Estates Projects Ltd

Key events for Prestige Estates Projects Ltd

  • Prestige Estate Projects Shares Dip After Karnataka Govt. Raises Property Value - 20 Sep, 2023

    Shares of Prestige Estates Projects Ltd fell by 0.62% after the Karnataka government increased the guidance value of properties.

  • Prestige Estates' Sales Bookings Remain Strong - 14 Sep, 2023

    Despite rising net debt levels due to annual land/stake buyout spend and annuity capex, Prestige is expected to have strong sales bookings in the coming years. The stock rating has been downgraded to HOLD.

  • Prestige Estates Launches New Project in Bengaluru - 04 Sep, 2023

    Prestige Estates Projects Ltd launched a new 5 million sq ft project in Bengaluru, causing a slight dip in the S&P BSE Realty Index.

  • Prestige Estates Projects to Pay Dividend of Rs 1.50 per Share - 01 Sep, 2023

    Prestige Estates Projects Limited will pay a dividend of ₹1.50 per share on October 20th, with a yield of 0.2%. The stock price has risen by 31% in the last three months, and earnings per share are forecasted to rise by 15.2% over the next year. While the company has a long dividend track record, it has also had cuts in the past.

  • Prestige Estates Projects Among Most Bought Mid-Cap Stocks - 21 Aug, 2023

    According to reports, Prestige Estates Projects was among the most bought mid-cap stocks along with The Federal Bank, Fortis Healthcare, and United Breweries.

  • Mutual Funds Show Highest MoM Net Buying in Prestige Estates Projects Ltd - 16 Aug, 2023

    Mutual funds were net buyers in 62% of Nifty Midcap 100 stocks, with the highest MoM net buying in Jul'23 seen in Vodafone Idea, Prestige Estates, SAIL, Petronet LNG, and JSW Energy.

  • Real Estate Stocks Surge on BSE Index - 15 Aug, 2023

    Prestige Estates Projects Ltd. is among the real estate stocks that have seen gains, with a 21.4% increase in share price according to Trendlyne data.

  • PEPL Reports Strong Pre-Sales Growth - 14 Aug, 2023

    Prestige Estates Projects Ltd reports a 30% YoY growth in pre-sales for Q1FY24, driven by strong response to its Bengaluru project launch. Institutional investors also increase holdings in the company.

  • Prestige Estates Projects Trading Close to Fair Value - 11 Aug, 2023

    According to a 2 Stage Free Cash Flow to Equity analysis, Prestige Estates Projects' projected fair value is ₹489. The current share price of ₹556 suggests the stock is potentially trading close to its fair value, which is 29% above our estimate.

  • Prestige Estate Stocks Fall Amidst Red Realty Market - 10 Aug, 2023

    Prestige Estates Projects Ltd's stock fell by 5.24%, making it the top laggard among 10 realty stocks trading in the red.

  • Prestige Estates Reports Strong Q1 Results - 09 Aug, 2023

    Prestige Estates Projects Ltd reported a strong Q1 FY24 with a 30.2% YoY increase in net profit and an EBITA rise of 14.1%. The company's revenue from operations was Rs 1,681 crore.

  • Prestige Estates Reports Strong Q1 Results - 08 Aug, 2023

    Prestige Estates Projects Ltd's Q1 FY24 net profit increased by 30.2% YoY, while EBITDA rose 14.1%. The company's sales bookings also saw a significant increase.

  • Prestige Assurance Plc Approves Q2 Financial Statements and Appoints Non-Executive Director - 27 Jul, 2023

    The Board of Directors of Prestige Assurance Plc has approved the unaudited financial statements for Q2 2023 and appointed Mrs. Smita Srivastava as a non-executive director.

  • Real Estate Stocks Surge, Prestige Estates Projects Ltd in Green - 24 Jul, 2023

    Nifty Realty index surged 23% in the past year. Real estate stocks like DLF, Phoenix, Brigade Enterprises, and Prestige Estates have had a phenomenal run. On July 24, the real estate pack is trading in the green.

  • Prestige Estates' Net Debt Reduced by 43% - 16 Jul, 2023

    Prestige Estates Projects Ltd's net debt has significantly decreased by 43%, and the average cost of debt has also fallen for FY23.

  • Prestige Estates Reports Strong Q1 Sales and Embarks on Expansion Plan in Mumbai - 13 Jul, 2023

    Prestige Estates Projects Ltd reported strong Q1 FY24 sales of Rs 3,914 crore, up 30% YoY, and has embarked on a large expansion plan in Mumbai.

  • Motilal Oswal Expects 14% YoY Revenue Growth for Prestige Estates Projects Ltd - 10 Jul, 2023

    Prestige Estates Projects Ltd is expected to report a 14% YoY increase in revenue, an EBITDA of ₹522 crore, and net profit growth of 29.5% YoY according to Motilal Oswal.

  • Prestige Estates Projects to Develop IT Parks in Chennai - 06 Jul, 2023

    Prestige Estates Projects Ltd's subsidiary, Prestige Exora Business Parks, signed a joint venture agreement with WS Industries to develop IT parks in Chennai. The company's total revenue increased 32% YoY to Rs 8,772 crore in FY23.

  • Jefferies Picks Prestige Estates Projects Ltd as Top Pick in Property Sector - 26 Jun, 2023

    Prestige Estates Projects Ltd is among Jefferies' top picks in the property sector, as per a report by the investment bank.

Analyst Rating

based on 17 analysts

BUY
94.12%
Buy
5.88%
Hold
0.00%
Sell

Based on 17 analysts offering long term price targets for Prestige Estates Projects Ltd. An average target of ₹665.06

Source: S&P Global Market Intelligence

Prestige Estates Projects Ltd Performance

  • ₹597.1
    ₹611.65
    ₹604.75
    downward going graph

    1.26%

    Downside

    Day's Volatility:2.41%

    Upside

    1.14%

    downward going graph
  • ₹391
    ₹691.95
    ₹604.75
    downward going graph

    35.35%

    Downside

    52 Weeks Volatility:49.76%

    Upside

    14.42%

    downward going graph
1 Month Return8.02 %
3 Month Return4.65 %
1 Year Return31.2 %
Previous Close₹602.55
Open₹599.85
Volume2.11L
Market Cap₹24,153.92Cr

Prestige Estates Projects Ltd Company Information

Prestige Estates Projects Ltd, incorporated in 1986, is a leading real estate development company in India. Prestige Estates Projects Ltd is engaged in the business of developing residential, commercial, retail and hospitality projects. The company has developed some of the most iconic projects in Bangalore, Chennai, Hyderabad, Kochi, Mangalore and Mysore.

Prestige Estates Projects Ltd has developed some of the most popular projects in India, such as Prestige Tech Park, Prestige Shantiniketan, Prestige Golfshire, Prestige Lakeside Habitat, Prestige Acropolis, Prestige Finsbury Park, Prestige Silver Oak and Prestige Ozone. These projects are known for their excellent quality and design. The company also offers top-notch services such as property management, facility management and property maintenance.

Prestige Estates Projects Ltd has also developed some of the most popular brands in the real estate industry such as Prestige Group, Prestige Hotels, Prestige Constructions and Prestige Estates.

Share Price: ₹604.75 per share as on 21 Sep, 2023 04:01 PM
Market Capitalisation: ₹24,153.92Cr as of today
Revenue: ₹2,973.00Cr as on March 2023 (Q1 23)
Net Profit: ₹468.40Cr as on March 2023 (Q1 23)
Listing date: 27 Oct, 2010
Chairperson Name: Irfan Razack
OrganisationPrestige Estates Projects Ltd
HeadquartersBangalore
IndustryRealty
E-voting on sharesClick here to vote

Fundamentals of Prestige Estates Projects Ltd

Insights on Prestige Estates Projects Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Revenue Rich
    img

    Revenue is up for the last 3 quarters, 1.62K Cr → 2.97K Cr (in ₹), with an average increase of 26.0% per quarter

  • imgPOSITIVE IMPACT

    Profit Spike
    img

    Netprofit is up for the last 2 quarters, 127.8 Cr → 468.4 Cr (in ₹), with an average increase of 72.7% per quarter

  • imgPOSITIVE IMPACT

    Price Rise
    img

    In the last 3 years, PRESTIGE stock has moved up by 148.7%

  • imgPOSITIVE IMPACT

    MF Holding Up
    img

    Mutual Funds have increased holdings from 8.63% to 9.26% in Jun 2023 quarter

  • imgNO EFFECT

    Against Peers
    img

    In the last 3 years, DLF Ltd has given 243.9% return, outperforming this stock by 95.2%

  • imgNO EFFECT

    Against Peers
    img

    In the last 1 year, Macrotech Developers Ltd has given 44.1% return, outperforming this stock by 12.9%

  • imgNO EFFECT

    Promoter Holding Unchanged
    img

    Promoters holdings remained unchanged at 65.48% of holdings in Jun 2023 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down
    img

    Foreign Institutions have decreased holdings from 21.19% to 20.69% in Jun 2023 quarter

  • imgNEGATIVE IMPACT

    Retail Holding Down
    img

    Retail Investor have decreased holdings from 2.82% to 2.56% in Jun 2023 quarter

Prestige Estates Projects Ltd Valuation

Prestige Estates Projects Ltd in the last 5 years

  • Overview

  • Trends

Lowest (3.84x)

May 25, 2021

Today (24.06x)

September 20, 2023

Industry (100.51x)

September 20, 2023

Highest (92.23x)

February 18, 2021

LowHigh

Mutual Fund Holdings

Funds Holdings
HDFC Flexi Cap Fund -Direct Plan - Growth OptionHDFC Flexi Cap Fund -Direct Plan - Growth Option1.3%
Motilal Oswal Midcap Direct GrowthMotilal Oswal Midcap Direct Growth5.62%
Mirae Asset Emerging Bluechip Fund Direct Plan GrowthMirae Asset Emerging Bluechip Fund Direct Plan Growth0.98%
HDFC TaxSaver -Direct Plan - Growth OptionHDFC TaxSaver -Direct Plan - Growth Option2.28%
Nippon India Growth Fund - Direct Plan - GrowthNippon India Growth Fund - Direct Plan - Growth1.31%

Prestige Estates Projects Ltd Shareholding Pattern

InvestorsHoldings %Prev. 2 periods3M change
Promoter Holdings
65.48%
0.00
Foreign Institutions
20.69%
-2.39
Mutual Funds
9.26%
7.32
Retail Investors
2.56%
-9.22
Others
2%
7.19

Technicals of Prestige Estates Projects Ltd

News & Events of Prestige Estates Projects Ltd

Frequently Asked Questions

Prestige Estates Projects Ltd (PRESTIGE) share price today is ₹604.75

  • Today’s highest price of Prestige Estates Projects Ltd is ₹611.65.
  • Today’s lowest price of Prestige Estates Projects Ltd is ₹597.1.

Today’s traded volume of Prestige Estates Projects Ltd(PRESTIGE) is 2.11L.

Today’s market capitalisation of Prestige Estates Projects Ltd(PRESTIGE) is ₹24153.92Cr.

Prestige Estates Projects Ltd(PRESTIGEPrice
52 Week High
₹691.95
52 Week Low
₹391

Prestige Estates Projects Ltd(PRESTIGE) share price is ₹604.75. It is down -12.60% from its 52 Week High price of ₹691.95

Prestige Estates Projects Ltd(PRESTIGE) share price is ₹604.75. It is up 54.67% from its 52 Week Low price of ₹391

Prestige Estates Projects Ltd(PRESTIGEReturns
1 Day Returns
2.2%
1 Month Returns
8.02%
3 Month Returns
4.65%
1 Year Returns
31.2%