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Prestige Estates Projects Ltd Performance

Today's Low
1,199.15
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Today's High
1,243.75
52 Wk Low
433.60
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52 Wk High
1,440.00


Open

1217.8

Traded Value (Cr)

63.81 Cr

Prev. Close

1217.45

VWAP

1213.71

Volume

7,52,583

Face Value

10

Prestige Estates Projects Ltd Fundamentals

Market Cap
₹ 50,446 Cr
P/E Ratio (TTM)
29.80
P/B Ratio
4.57
Debt to Equity
1.00
ROE
15.54 %
EPS (TTM)
42.23
Dividend Yield
0.12%
Book Value
275.22

Click here to know more about Fundamentals

Prestige Estates Projects Ltd Financials

Prestige Estates Projects Ltd Financials

Prestige Estates Projects Ltd Shareholding Pattern

Held By Dec 2023 Sep 2023 Jun 2023 Mar 2023
Promoters 65.48 % 65.48 % 65.48 % 65.48 %
FII 18.07 % 19.50 % 20.69 % 21.19 %
Mutual Funds 11.91 % 12.18 % 9.26 % 8.63 %
Retail 2.64 % 1.75 % 1.77 % 2.02 %
Others 1.90 % 1.08 % 2.80 % 2.68 %

Promoters

65.48%

FII

18.07%

Mutual Funds

11.91%

Retail

2.64%

Others

1.90%

Promoters

65.48%

FII

19.50%

Mutual Funds

12.18%

Retail

1.75%

Others

1.08%

Promoters

65.48%

FII

20.69%

Mutual Funds

9.26%

Retail

1.77%

Others

2.80%

Promoters

65.48%

FII

21.19%

Mutual Funds

8.63%

Retail

2.02%

Others

2.68%

Resistance and Support

₹1,205.48

PIVOT

resistance-arrow
Resistance
First Resistance₹1,250.917
Second Resistance₹1,284.383
Third Resistance₹1,329.817
support-arrow
Support
First Resistance₹1,172.017
Second Resistance₹1,126.583
Third Resistance₹1,093.117
RSI62.092
MACD81.961
ADX14.748
CCI24.916

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day752,583365,23068.87
Week665,664615,36978.65
1 Month914,962558,23661.15
6 Months752,583752,583100.00

About Prestige Estates Projects Ltd

Prestige Estates Projects Ltd is one of the leading real estate development companies with projects in residential, office, retail and hospitality segment. Its operations are spread across South India, Pune, Goa and Ahmedabad. The company has completed more than 281 real estate projects of over 167 million sq. ft.. They have developed a diversified portfolio of real estate development projects focusing on projects in the residential (including apartments, villas, plotted developments and integrated townships), commercial (including corporate office blocks, built-to-suit facilities, technology parks and campuses and SEZs), hospitality (including hotels, resorts and serviced accommodation) and retail (including shopping malls) segments of the real estate industry. The company also offers a variety of services through their real estate services business, which includes the provision of property management services for their commercial and residential developments, sub-leasing and fit-out services, project and construction management services, interior solutions services, mall management services and the operation of their hospitality projects. Prestige Estates Projects Ltd commenced operations as a partnership firm 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. In March 31, 1997, the partnership firm was reconstituted between Late S. Razack, Irfan Razack, Rezwan Razack, Sameera Noaman, Noaman Razack, Rabia Razack, Badrunissa Irfan and Almas Rezwan and the name of the firm was changed to Prestige Estates Projects. In June 4, 1997, the firm was registered as a private limited company with the name Prestige Estates Projects Private Ltd. All of the business and property of the erstwhile partnership firm therefore became vested in the company. In the year 1998, the company forayed into property management services. In the year 2000, they inaugurated Prestige Acropolis. In the year 2001, they received ISO 9001:2000 Certification. Also, they commenced operation of Angsana, their first hospitality project. In the year 2004, the company inaugurated their first retail project, Forum Mall. In the year 2006, they launched an SEZ namely, Cessna Business Park and an integrated township namely, Prestige Shantinikethan. Also, they inaugurated Prestige Ozone, a villa development. In the year 2007, the company expanded their operation to Cochin, Chennai and Hyderabad. They entered into a relationship with Red Fort India Real Estate Holdco I L.L.C to develop commercial space and townships. Also, they inaugurated UB City, their largest mixed use development. In the year 2008, the company entered into strategic alliance with CRIDF for developing malls across South India. They also entered into a relationship with UIOF. They inaugurated a luxury mall at UB City namely, the Collections. Also, they started operations of Oakwood Premier Prestige, serviced apartments at UB City. In the year 2009, the company inaugurated Forum Value Mall. In November 10, 2009, the company was converted into a public limited company and the name was changed to Prestige Estates Projects Ltd. In the year 2010, the company launched Prestige White Meadows. In July 2010, the company completed the project Prestige Shantinikethan, which comprised of 14.62 million sq. ft. of Developable Area, across the residential (including 6.07 million sq. ft. of Saleable Area), consisting of 24 blocks of which 17 blocks, with a developable area of 6.14 million sq. ft. In October 2010, Prestige Estates Projects entered the capital market with an Initial Public Offering of Rs 1200 crore. On 8 August 2014, Prestige Estates Projects announced the closure of qualified institutions placement of equity shares of the company and approved the issuance of up to 2.5 crore equity shares at an issue price of Rs 245 per share aggregating to approximately Rs 612.50 crore to eligible Qualified Institutional Buyers. The Board of Directors of Prestige Estates Projects at its meeting held on 24 March 2016 accorded their in-principle approval for the merger of its wholly owned subsidiaries, Downhill Holiday Resorts Private Limited, Foothills Resorts Private Limited, Pennar Hotels and Resorts Private Limited and Valdel Xtent Outsourcing Solutions Private Limited with the company. The Board of Directors of Prestige Estates Projects at its meeting held on 31 March 2016 approved the Scheme of Amalgamation of Downhill Holiday Resorts Private Limited, Foothills Resorts Private Limited, Pennar Hotels and Resorts Private Limited and Valdel Xtent Outsourcing Solutions Private Limited with Prestige Estates Projects (PEPL) and their respective shareholders. The entire paid-up and issued share capital of each of these transferor companies is held by PEPL. On 1 April 2016, Prestige Estates Projects announced that its subsidiary Prestige Alta Vista Holdings has purchased approximately 49% of the securities held by CMIDF Whitefield Mall (Singapore) Pte. Ltd. in Prestige Whitefield Investment and Developers Private Limited for Rs 56.87 crore. Prestige Whitefield Investment and Developers Private Limited owns a land parcel of approximately 8 acres and is engaged in development of commercial space. During the financial year ended 31 March 2017, Prestige Estate Projects undertook a restructuring exercise by which the Prestige brand's four verticals have been incorporated as separate holding companies (100% held by listed company Prestige Estates Projects Limited) formed for each segment. The restructuring was done with an objective to better each vertical (Residential, Commercial, Retail and Hospitality) in terms of performance and competency. On 26 December 2017, Prestige Estates Projects announced that the company through a wholly owned special purpose vehicle (SPV) is the process of acquisition of the entire remaining 66.66% equity stake in Prestige Projects Private Limited (PPPL) from the investors and land owners for a consideration of about Rs 324 crore. PPPL owns a land parcel admeasuring over 180 acres in Sarjapur Road, Bengaluru. Prestige Estates Projects is proposing to develop a large scale affordable and mid income housing project in this land. On 1 January 2018, the Management Sub Committee of Prestige Estates Projects approved acquisition of CapitaLand stake in various retail mall entities for an aggregate consideration of approximately Rs 342 crore. On 9 January 2018, Prestige Estates Projects announced the completion and opening of Forum Centre City Mall in Mysore with 96% leasing and occupancy. The mall has leasable area of 0.32 million sq. ft and is situated in the heart of Mysore City. The mall is owned by Prestige Retail Ventures Limited, a wholly owned subsidiary of Prestige Estates Projects. On 7 February 2018, Prestige Estates Projects announced that it has entered into a strategic partnership with HDFC Capital Advisors Limited for furthering its business in the Mid-Income/Affordable Housing sector. This dedicated real estate platform shall have a capital to the tune of Rs 2500 crore, which shall be a blend of equity and debt. The primary focus will be on expanding Prestige's residential business by identifying strategic land parcels with the potential of developing large-scale residential projects in the mid-income segment. HDFC Capital Advisors Limited, a wholly owned subsidiary of HDFC, provides investment advisory services for real estate private equity financing. On 26 February 2018, Prestige Estates Projects announced that its wholly owned subsidiary Prestige Exora Business Parks Limited (Exora) and Reco Jade Ind Private Limited (Reco), a subsidiary of GIC (Realty) Pte Limited, Singapore have entered into a preliminary term sheet in relation to a possible significant minority investment by Reco in Exora, which owns directly/indirectly multiple office properties, both operating and under construction. On 8 March 2018, Prestige Estates Projects announced that it has entered into binding agreement for acquisition of 80% stake held by investors and its affiliates in Sterling Urban Infraprojects. Sterling Urban Infraprojects owns land parcels of around 59 acres at Outer Ring Road - Sarjapur, Bangalore. Prestige Estates Projects intends to develop state of the art commercial office space with over 6 million sq. ft of developable area in this land. During FY 2019-20, the Company had sold 3,424 Residential units and 1.47 million square feet of commercial space, which translated to sales of Rs. 45,607 million. During the year, it has launched 17.12 million square feet. During the financial year 2019-20, the Company signed second platform deal with HDFC Capital Affordable Real Estate Fund I (HCARE) to develop a housing project 'Prestige Finsbury Park' owned by Apex Realty Ventures LLP. During the FY 2020-21, the Company has sold 4,893 Residential units and 0.38 million square feet of commercial space, which translates to sales of Rs. 54,608 million. It completed development of 2 million Sq. ft. across all its segments and launched projects spanning 11.85 million Sq. ft. across 5 cities. During year 2020-21, the Company divested 100% of its stake in Prestige Amusement Private Limited, Cessna Garden Developers Private Limited and 85% of its stake in Prestige Hyderabad Retail Ventures Private Limited, Prestige Shantiniketan Leisures Private Limited, Prestige Garden Constructions Private Limited, Prestige Mangalore Retail Ventures Private Limited, Prestige Mysore Retail Ventures Private Limited and Flicker Projects Private Limited. During the year 2022, Company has launched 16.77 million Sq. ft. It completed 16 projects with Built up Area of 14.26 million sq. ft. across segments & geographies during the year. During the FY 2021-22, the Company has sold 8,883 residential units and 0.67 million Sq. Ft. of commercial space, which translates to sales of Rs. 1,03,822 million. During FY 2021-22, the Company acquired 100% equity share capital of Ariisto Developers Private Limited, in Mumbai which got approved by National Company Law Tribunal on 23 March 2021. It acquired 45% stake in two partnership firms, M/s. Prestige Century Megacity and 55% stake in M/s. Prestige Century Landmark, which hold land in North Bangalore. The Company through its subsidiary, acquired 70% equity stake in Shipco Infrastructure Private Limited to create logistics and warehousing space. During year 2021-22, the Company divested 100% of its stake in Dashanya Tech Parkz Private Limited, 85% of its stake in Vijaya Productions Private Limited and 50% of its stake in Prestige Beta Projects Private Limited. It divested entire stake in Prestige City Estates Private Limited to CPP Investment Board Private Holdings (4) Inc., an affiliate of Canada Pension Plan Investment Board and Prestige City Estates Pvt. Ltd. owns Commercial project viz., Prestige RMZ Star Tech. During the year ended 31 March 2022, the Group has received approvals from NCLT for Scheme of Arrangement for Demerger of certain business undertakings held in subsidiaries of the Company effective from March 10, 2021. In 2022-23, the Company acquired 10% equity stake in Prestige Sterling Infraprojects Private Limited on July 29, 2022 and held 90% equity shares in it. The Company through its wholly owned subsidiary Prestige Retail Ventures Limited (PRVL), acquired 30% stake in Prestige OMR Ventures LLP. With the acquisition LLP became a wholly owned subsidiary of the Company. In 2022-23, the Company came with 2 new launches, Ocean Towers in Marine Lines, and Prestige Nautilus in Worli. Thereafter, it launched 26 Mn sft of projects, including 16 Mn sft of residential projects and 10 Mn sft of capex projects. 15 projects with Built up Area of 15.68 Mn. sq. ft. across segments & geographies were completed during the year 2023.

Managing Director

Rezwan Razack

Founded

1997

NSE Symbol

PRESTIGE

Prestige Estates Projects Ltd Management

NameDesignation
Irfan RazackChairman / Executive Director
Rezwan RazackJoint MD & Executive Director
Noaman RazackE D & Wholetime Director
Uzma IrfanWTD & Executive Director
K Jagdish ReddyIndependent Non Exe. Director
Pangal Ranganath NayakIndependent Non Exe. Director
Biji George KoshyIndependent Non Exe. Director
Noor Ahmed JafferIndependent Non Exe. Director
Neelam ChhiberIndependent Non Exe. Director

Prestige Estates Projects Ltd News

Prestige Estates sales jumps 21% YoY in Q4
Prestige Estates Projects said that its sales stood at Rs 4,707 crore in Q4 FY24, registering the growth of 21% YoY.
Indices trade with minor cuts; RBI keeps repo rate unchanged at 6.5%
Prestige Estates jumps after arm inks landmark deal with ADIA & Kotak AIF
Prestige Estates Projects rallied 6.97% to Rs 1,251.50 after the company through its subsidiaries, has entered into landmark deal with (Abu Dhabi Investment Authority) ADIA and Kotak AIF for Rs 2,001 crore ($240 Million).
Prestige Estates Projects inks Rs 2,000 cr deal with ADIA and Kotak AIF
Prestige Estates jumps after arm acquires 62.5 acres prime land in Ghaziabad
Prestige Estates Projects rallied 5.17% to Rs 1102.15 after the company’s subsidiary acquires 62.5 acres of prime land in Indirapuram Extension, Ghaziabad, NCR.
Prestige Estates Projects Ltd Spikes 4.13%
Prestige Estates Projects Ltd has lost 7.96% over last one month compared to 4.15% fall in S&P BSE Realty Index index and 0.27% drop in the SENSEX
Prestige Estates Projects acquires 62.5 acres prime land in Indirapuram Extension, NCR
Prestige Estates Projects Ltd Falls 5.36%, S&P BSE Realty Index index Drops 1.12%
Prestige Estates Projects Ltd has lost 6.6% over last one month compared to 3.83% fall in S&P BSE Realty Index index and 1.42% rise in the SENSEX
Prestige Estates Projects Ltd Surges 2.6%
Prestige Estates Projects Ltd has added 4.39% over last one month compared to 12.08% gain in S&P BSE Realty Index index and 3.08% rise in the SENSEX
Prestige Estate slides as Q3 PAT declines 9% YoY
Prestige Estates Projects slipped 3.53% to Rs 1,101.45 after the company’s consolidated net profit decreased 9% to Rs 116.3 crore in Q3 FY24 as against Rs 127.8 crore reported in the same period last year.

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Prestige Estates Projects Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Prestige Estates Projects Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. Prestige Estates Projects Ltd's share price is ₹1,203.15 as of April 16, 2024

Prestige Estates Projects Ltd's P/E ratio is 29.80 times as of April 16, 2024.

Prestige Estates Projects Ltd's most recent financial reports indicate a price-to-book ratio of 4.57, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Prestige Estates Projects Ltd's market is 50,446 Cr as on April 16, 2024.

The current financial records of Prestige Estates Projects Ltd show a 15.54% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

The 52-week high/low price of a Prestige Estates Projects Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Prestige Estates Projects Ltd's 52-week high and low as of April 16, 2024 are ₹1243.75 and ₹1199.15 respectively.

As of the Dec 2023 quarter, the promoter shareholding in Prestige Estates Projects Ltd stands at 65.48%. During the same period, Institutional Investors have shown a slight decrease in their holdings, dropping from 19.50% to 18.07%.