Prestige Estates Projects Ltd.
Snapshot View

433.70 -4.45 ▼-1.0%

24 May 2022, 04:01:00 PM
Volume: 12,419

Overview View Details

Sector Realty Compare with Sector peers
Industry Construction - Real Estate Compare with Industry peers
Website http://www.prestigeconstructions.com
Market Cap 17,319.23 Cr.
Enterprise Value(EV) 21,336.77 Cr. 2021-09
Financial Indicators
Earnings per share (EPS) 38.99 Trailing Twelve Months Ending 2021-12
Price-Earning Ratio (PE) 11.12 Trailing Twelve Months Ending 2021-12
Industry PE 78.31 Trailing Twelve Months Ending 2021-12
Book Value / Share 170.92 Trailing Twelve Months Ending 2021-12
Price to Book Value 2.54 Calculated using Price: 433.70
Dividend Yield 0.35 Period Ending 2021-03
No. of Shares Subscribed 40.09 Cr. 400,861,654 Shares
FaceValue 10
Company Profile

Prestige Estate Projects commenced operations as a partnership firm constituted under the Indian Partnership Act, 1932 on April 1, 1986 under the name and style of Prestige Estates and Properties. The partners of the firm were the Late S Razack, Irfan Razack, Rezwan Razack and Sameera Noaman.

The name of the firm was changed to Prestige Estates Projects by a supplementary deed of partnership dated May 12, 1997. The firm was registered as a private limited company under Part-IX of the Companies Act, 1956, on June 4, 1997 with the name as Prestige Estates Projects Private Limited. All the business and property of the erstwhile partnership firm therefore became vested in the company. The company was converted to a public limited company on November 10, 2009 with the name Prestige Estates Projects Limited and received a fresh Certificate of Incorporation consequent upon change in status on November 10, 2009 from the RoC.

Its market leadership is anchored by its efficient execution, unmatched quality, timely delivery, diverse offerings and customer centricity.

Business area of the company

The company is engaged in the business of real estate development. The company’s principal products/services include Development and construction of Properties, Leasing of commercial properties and Share of profit /loss from partnership firm.

Business segments

  • Residential
  • Commercial/Office
  • Retail
  • Hospitality
  • Property Management

Awards

FY2017-18

  • Asia Pacific Property Awards Development
  • Asia Pacific Property Awards Interior Design
  • Asia Pacific Property Awards Architecture
  • BMA Women Entrepreneur of the Year
  • CIDC Vishwakarma Award 2017
  • Asia One World’s Greatest Brands 2016-17
  • Power Awards 2017
  • ICI (BC) - Birla Super Award for Outstanding Concrete Structure of Karnataka Building Category - 2017
  • Govt. of Karnataka Power Award
  • ET Most Promising Business Leader Award
  • Realty Plus Award
  • Shopping Centre and Mall Awards
  • Asia’s Most Promising Brands 2017
  • CREDAI CARE Award

FY2018-19

  • Asia's Most Admired Awards
  • Bangalore Best Brand
  • Extraordinaire Brand
  • CNBC Awaaz 12th Real Estate Awards
  • CNBC Real Estate Awards 2017
  • Davinci Award Publicity on Commonfloor
  • Credai Membership Certificate 2018-19
  • Grohe Hurun Award
  • ICI (BC) Birla Super Awards
  • IGBC Gold Rating For Prestige Exora Business Park
  • Shopping Center Awards
  • Lifetime Achivement Award
  • Prestige Exora - IGBC Certificate (Gold Rated)
  • Times Business Awards

FY2019-20

  • Best Retail Project Forum Vijaya Mall
  • Best Residential Project (Ultra Luxury) Kingfisher Towers
  • Best Residential Project (Mid Segment) Prestige Lakeside Habitat
  • Shopping Mall of the Year (South) Forum Shantiniketan
  • Ultra Luxury Residential Project of the Year (National) - Kingfisher Towers
  • Best Commercial Complex- Forum Centre City
  • FIABCI Prix D’Excellence Awards in (Silver Category) Conrad Hotel, Bengaluru
  • Shopping Centre of the Year (Metro-South) Forum Mall, Hyderabad
  • IBC InfoMedia Pvt Ltd India’s for Most Trusted Real Estate Co
  • ET Global Awards For Retail Excellence, 2020 for Shopping Centre of the Year (Retailers’ Choice) Forum Mall, Koramangala
  • The Institute of Cost Accountants of India - Global Summit 2020 CEO of the Year to Mr. Venkat K. Narayana Award received from Shri Piyush Goyal

Milestones and achievements

  • 1986: The company commenced operations as the partnership firm Prestige Estates and Properties
  • 1988: Completed Copper Arch on Infantry Road, its first project
  • 1995: Inaugurated Whistling Palms, its first plotted development project
  • 1997: The name of the partnership firm was changed to Prestige Estates Projects
  • 1997: The firm -- Prestige Estates Project -- was registered as Prestige Estates Projects Private Limited, a private limited company under Part-IX of the Companies Act, 1956
  • 1997: Inaugurated Prestige Elgin, its 50th project
  • 1998: Foray into property management services
  • 2000: Inaugurated Prestige Acropolis
  • 2001: Received ISO 9001:2000 Certification
  • 2001: Commenced operation of Angsana, its first hospitality project
  • 2003: Received CRISIL DA-1 rating (indicating excellent rating for ability to execute real estate projects as per specified quality level within stipulated time schedule and ability to transfer clean title)
  • 2004: Inaugurated Forum Mall, its first retail project
  • 2006: Inaugurated Prestige Ozone, a villa development
  • 2006: Launched Prestige Shantinikethan, an integrated township
  • 2006: Launched Cessna Business Park, an SEZ
  • 2007: Entered into a relationship with Red Fort India Real Estate Holdco ILLC to develop commercial space and townships.
  • 2007: Expanded operations to Cochin, Chennai and Hyderabad
  • 2007: Inaugurated UB City, its largest mixed use development
  • 2008: The company started operations of Oakwood Premier Prestige, serviced apartments at UB City
  • 2008: Inaugurated the Collections, a luxury mall at UB City
  • 2008: Entered into strategic alliance with CRIDF for developing malls across South India
  • 2008: Launched Prestige Golfshire
  • 2008: Entered into a relationship with UIOF
  • 2009: The company was converted into a public limited company with the name Prestige Estates Projects Limited and received a fresh Certificate of Incorporation consequent upon change in status from the RoC.
  • 2009: The company inaugurated the Forum Value Mall
  • 2010: Launched Prestige White Meadows
  • 2010: The Prestige Estates IPO opens on Oct 12, 2010
  • 2015-16: Launched seven projects namely, Prestige Song of South in Bengaluru; Prestige Hillside Gateway in Kochi; Prestige Kew Gardens in Bengaluru; Prestige Boulevard in Bengaluru; Prestige Fairfield in Bengaluru; Prestige Technostar in Bengaluru and Prestige Misty Waters (Phase 2) in Bengaluru
  • 2016-17: The Company has launched two residential projects aggregating to 1.98 million square feet of total developable area.
  • 2016-17: Acquisition of balance stake of Prestige Exora Business Parks Limited - The Company has acquired the balance stake of 63.94% of Equity Shares from Valdel Xtent Outsourcing Solutions Private Limited, also a wholly owned subsidiary of the Company
  • 2017-18: Entered three new markets i.e. Pune, Ahmedabad & Udaipur and spreading wings to Mumbai and NCR
  • 2017-18: Signed platform deal worth Rs 25,000 million with HDFC Capital for mid-income/ affordable housing projects
  • 2017-18: Acquisition of CapitaLand Group stake in mall entities - to contribute incremental rental
  • 2017-18: Acquired 80% stake in SPV to build state-of-the-art commercial/office space in ORR, Bengaluru
  • 2017-18: Acquisition of additional 49% stake in Prestige Pallavaram Ventures with potential total area for residential development
  • 2018-19: The company launched projects spanning 6.63 mn sq. ft. across segments and geographies
  • 2018-19: The company signed two prime real estate deals in Mumbai - one in Worli and the other in the Bandra Kurla Complex
  • 2019-20: Then company recorded the highest number of launches and completions this year, totaling 17.12 mn sq.ft. and 19.32 mn sq. ft., respectively, surpassing its annual guidance
  • 2020-2021: The company acquires 99% stake in Ace Realty Ventures
  • 2020-2021: Prestige Group ties up with Awfis to set up 6 co-working centres
  • 2020-2021: The company enters into agreement with Mysore Projects

Delivery View Details

Delivered Qty
Traded Qty

Performance View Details

1 Day
-1.02%
1 Week
-3.11%
1 Month
-11.09%
3 Month
+0.14%
6 Month
-0.56%
1 Year
+62.22%
2 Year
+211.12%
5 Year
+88.24%
10 Year
+312.65%
9 years 2013-03 2014-03 2015-03 2016-03 2017-03 2018-03 2019-03 2020-03 2021-03
Return on Equity (%) 12.02 11.34 10.79 16.12 8.39 8.99 9.18 11.35 26.21
Return on Capital Employed (%) 12.34 12.77 13.59 13.99 8.55 10.67 10.72 13.50 24.41
Return on Assets (%) 4.33 3.82 3.38 4.49 2.17 2.30 1.75 1.90 5.70

Balance Sheet View Details

Particulars 10 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2021-09* Rs. Cr.
Shh. Funds 2,742 2,979 3,821 4,200 4,415 4,733 4,227 5,360 6,675 6,748
Non Curr. Liab. 1,159 1,368 1,923 3,510 3,850 4,335 4,522 6,966 2,772 3,015
Curr. Liab. 3,492 4,696 6,214 8,523 8,363 9,605 19,201 16,653 16,251 17,236
Minority Int. 262 299 397 227 203 230 112 228 420 464
Equity & Liab. 7,656 9,342 12,355 16,460 16,830 18,903 28,061 29,208 26,118 27,464
Non Curr. Assets 4,000 4,680 5,124 6,516 7,340 9,860 10,955 14,140 9,078 9,584
Curr. Assets 3,656 4,662 7,231 9,944 9,491 9,043 17,106 15,068 17,040 17,879
Misc. Exp. not W/O
Total Assets 7,656 9,342 12,355 16,460 16,830 18,903 28,061 29,208 26,118 27,464

Profit Loss View Details

Particulars 10 years 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr. 2021-12 Rs. Cr. TTM
Net Sales 1,948 2,549 3,420 5,531 4,775 5,499 5,172 8,125 7,264 6,406
Other Income 64 98 99 283 87 68 112 119 237 216
Total Income 2,011 2,647 3,518 5,814 4,862 5,567 5,284 8,243 7,502 6,622
Total Expenditure -1,368 -1,829 -2,426 -4,465 -3,855 -4,222 -3,718 -5,769 -5,292 -4,715
PBIDT 643 818 1,093 1,349 1,007 1,345 1,566 2,475 2,210 1,908
Interest -149 -229 -321 -346 -316 -566 -723 -1,023 -990 -728
Depreciation -68 -89 -140 -127 -164 -155 -323 -667 -593 -463
Taxation -131 -175 -265 -229 -166 -214 -199 -278 -520 -529
Exceptional Items 89 38 1,470 1,470
PAT 294 324 367 647 361 411 411 544 1,577 1,659
Minority Interest -5 -7 -35 -44 -109 -53 -26 -146 -96 -73
Share Associate -3 -3 1 7 12 14 31 4 -25 -23
Other Related Items
Consolidated Net Profit 286 314 332 610 265 371 416 403 1,456 1,563
Adjusted EPS 8 9 9 16 7 10 11 10 36 39

Cash Flow View Details

Particulars 10 years 2012-03 Rs. Cr. 2013-03 Rs. Cr. 2014-03 Rs. Cr. 2015-03 Rs. Cr. 2016-03 Rs. Cr. 2017-03 Rs. Cr. 2018-03 Rs. Cr. 2019-03 Rs. Cr. 2020-03 Rs. Cr. 2021-03 Rs. Cr.
Cash Fr. Operatn. 227 106 148 -478 435 514 1,072 762 2,226 1,853
Cash Fr. Inv. -585 -662 -693 -433 -737 -522 -2,005 -628 -2,350 491
Cash Fr. Finan. 208 823 371 1,104 225 -80 960 87 252 -645
Net Change -150 267 -174 193 -77 -87 26 222 129 1,699
Cash & Cash Eqvt 192 459 285 485 415 327 353 653 786 2,346

Shareholding Pattern View Details

9 Qtrs 2020-03 (%) 2020-06 (%) 2020-09 (%) 2020-12 (%) 2021-03 (%) 2021-06 (%) 2021-09 (%) 2021-12 (%) 2022-03 (%)
Promoter 65.48 65.48 65.48 65.48 65.48 65.48 65.48 65.50 65.48
Public 34.52 34.52 34.52 34.52 34.52 34.52 34.52 34.50 34.52
Depository Receipts 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Promoter Holding Pledge (%) 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

Announcements View Details

Thu, 19 May 2022
Board Meeting Intimation for Considering And Approving Audited Standalone And Consolidated Financial Results Of Quarter And Year Ended March 31 2022 Recommend Final Dividend And Issuance Of Non Convertible Debentures.
PRESTIGE ESTATES PROJECTS LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 26/05/2022 inter alia to consider and approve the Audited Standalone And Consolidated Financial Results for quarter and year ended March 31 2022 recommend Final Dividend and Issuance of Non Convertible Debentures.
Sat, 30 Apr 2022
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Format of Initial Disclosure to be made by an entity identified as a Large Corporate.

Sr. No. Particulars Details
1Name of CompayPRESTIGE ESTATES PROJECTS LTD.
2CINL07010KA1997PLC022322
3 Outstanding borrowing of company as on 31st March / 31st December as applicable (in Rs cr) 1301.20
4Highest Credit Rating during the previous FY A+
4aName of the Credit Rating Agency issuing the Credit Rating mentioned in (4)ICRA LIMITED
5Name of Stock Exchange# in which the fine shall be paid in case of shortfall in the required borrowing under the frameworkNSE


We confirm that we are a Large Corporate as per the applicability criteria given under the SEBI circular SEBI/HO/DDHS/CIR/P/2018/144 dated November 26 2018. No



Name of the Company Secretary: Manoj Krishna J V
Designation: Company Secretary and Compliance Officer
EmailId: manoj.k@prestigeconstructions.com
Name of the Chief Financial Officer: Amit Mor
Designation: Cheif Financial Officer
EmailId: amitmor@prestigeconstructions.com

Date: 30/04/2022

Note: In terms para of 3.2(ii) of the circular beginning F.Y 2022 in the event of shortfall in the mandatory borrowing through debt securities a fine of 0.2% of the shortfall shall be levied by Stock Exchanges at the end of the two-year block period. Therefore an entity identified as LC shall provide in its initial disclosure for a financial year the name of Stock Exchange to which it would pay the fine in case of shortfall in the mandatory borrowing through debt markets.
Fri, 29 Apr 2022
Compliance Certificate Under Regulation 7(3)For The Period Ended March 31 2022
Compliance Certificate under Regulation 7(3)for the period ended March 31 2022

Technical Scans View Details

Tue, 24 May 2022
Opening at High Opening at High
Closing Below Previous Low Closing Below Previous Low
High Decrease 1 Month High Decrease 1 Month
High Increase 1 Year High Increase 1 Year
High Increase 2 Years High Increase 2 Years

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