Prestige Estates Projects Limited (IN:PRESTIGE)
:PRESTIGE
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Prestige Estates Projects Limited
(PRESTIGE)
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Rating:51Neutral
Price Target:
₹1,563.00
▼(-8.25% Downside)
Action:Reiterated
Date:05/23/26
The score is primarily restrained by weak cash-flow quality (mostly negative free cash flow) and increasing leverage despite strong FY2026 revenue growth and healthy operating margins. Technical indicators are broadly neutral, while valuation is a notable headwind due to the high P/E and low dividend yield.
Positive Factors
Revenue rebound & strong operating margins
A sharp FY2026 revenue rebound alongside ~25% EBIT and ~32% EBITDA margins indicates durable demand and operating leverage across development and leasing lines. Strong operating profitability supports project viability and coverage of fixed costs, aiding multi-month execution and reinvestment plans.
Negative Factors
Consistently negative free cash flow
Persistent negative free cash flow (≈-7.0B in FY2026) erodes internal funding capacity and forces reliance on advances or new borrowing. Over a multi-month horizon this limits the firm's financial flexibility to complete projects, pay down debt, or absorb cost shocks without external capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound & strong operating margins
A sharp FY2026 revenue rebound alongside ~25% EBIT and ~32% EBITDA margins indicates durable demand and operating leverage across development and leasing lines. Strong operating profitability supports project viability and coverage of fixed costs, aiding multi-month execution and reinvestment plans.
Read all positive factors
Prestige Estates Projects Limited (PRESTIGE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹669.70B
Dividend Yield0.11%
Average Volume (3M)19.53K
Price to Earnings (P/E)56.1
Beta (1Y)1.78
Revenue Growth70.58%
EPS Growth141.51%
CountryIN
Employees8,351
SectorReal Estate
Sector Strength53
IndustryReal Estate - Diversified
Share Statistics
EPS (TTM)17.77
Shares Outstanding430,730,220
10 Day Avg. Volume36,847
30 Day Avg. Volume19,530
Financial Highlights & Ratios
PEG Ratio0.27
Price to Book (P/B)2.98
Price to Sales (P/S)3.68
P/FCF Ratio-69.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,675.00Price Target Upside-1.67% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)51.67
Revenue Forecast (FY)₹161.60B
Prestige Estates Projects Limited Business Overview & Revenue Model
Company Description
Prestige Estates Projects Limited, together with its associated companies, is a prominent player in India's real estate sector, primarily focused on property development and leasing. The firm boasts a comprehensive portfolio of residential offerin...
How the Company Makes Money
Prestige Estates Projects Limited primarily earns revenue through (1) development and sale of real estate units and (2) leasing and operation of completed commercial assets, supplemented by related service income.
1) Real estate development and s...
Prestige Estates Projects Limited Financial Statement Overview
Summary
Income Statement
70
Positive
Balance Sheet
56
Neutral
Cash Flow
35
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 79.22B | 131.96B | 73.49B | 78.77B | 83.15B | 63.90B |
| Gross Profit | 64.83B | 62.74B | 59.76B | 51.08B | 41.93B | 31.16B |
| EBITDA | 29.84B | 42.02B | 21.64B | 21.55B | 17.76B | 15.46B |
| Net Income | 7.66B | 11.96B | 4.67B | 13.74B | 9.42B | 11.50B |
Balance Sheet | ||||||
| Total Assets | 665.81B | 733.68B | 587.95B | 485.19B | 365.83B | 304.44B |
| Cash, Cash Equivalents and Short-Term Investments | 68.23B | 33.72B | 32.50B | 34.26B | 16.18B | 21.19B |
| Total Debt | 145.10B | 176.59B | 131.80B | 134.58B | 94.20B | 72.50B |
| Total Liabilities | 503.31B | 565.57B | 428.91B | 367.18B | 263.24B | 208.97B |
| Stockholders Equity | 158.27B | 162.73B | 154.23B | 112.89B | 99.75B | 90.95B |
Cash Flow | ||||||
| Free Cash Flow | 9.57B | -7.00B | -22.84B | -6.09B | -1.11B | -1.30B |
| Operating Cash Flow | 18.34B | 21.83B | -7.01B | 12.97B | 15.39B | 21.40B |
| Investing Cash Flow | -15.81B | -58.94B | -16.27B | -25.48B | -27.56B | -40.45B |
| Financing Cash Flow | -326.00M | 32.57B | 20.70B | 19.69B | 5.46B | 15.98B |
Prestige Estates Projects Limited Technical Analysis
Positive
1703.50
Price Trends
1410.60
Positive
1391.14
Positive
1506.19
Positive
Market Momentum
43.41
Negative
67.75
Neutral
81.35
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PRESTIGE, the sentiment is Positive. The current price of 1703.5 is above the 20-day moving average (MA) of 1428.88, above the 50-day MA of 1410.60, and above the 200-day MA of 1506.19, indicating a bullish trend. The MACD of 43.41 indicates Negative momentum. The RSI at 67.75 is Neutral, neither overbought nor oversold. The STOCH value of 81.35 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:PRESTIGE.
Prestige Estates Projects Limited Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹636.21B | 25.52 | ― | 0.48% | 15.16% | 12.67% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
61 Neutral | ₹946.86B | 27.66 | ― | 0.39% | 21.02% | 23.73% | |
59 Neutral | ₹150.50B | 77.60 | ― | 0.20% | 28.52% | 99.04% | |
55 Neutral | ₹557.06B | 30.12 | ― | ― | 21.54% | 24.63% | |
51 Neutral | ₹669.70B | 56.12 | ― | 0.11% | 70.58% | 141.51% | |
50 Neutral | ₹171.33B | 19.93 | ― | 0.28% | 12.28% | -6.98% |
* Real Estate Sector Average
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Prestige Estates Projects Limited
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Prestige Estates Projects Limited Corporate Events
Prestige Estates Denies Final Decision on Prestige Hospitality Monetisation Plan
Jun 19, 2026
Prestige Estates Projects Limited has clarified that recent media reports suggesting its hospitality arm is shelving initial public offering plans in favour of a stake sale are speculative. The company reiterated that a board-appointed sub-committ...
Prestige Estates Clears FY26 Results, Plans Rs 2,000-Crore NCD Issue and Board Change
May 21, 2026
Prestige Estates Projects Limited said its board has approved the audited standalone and consolidated financial results for the quarter and year ended 31 March 2026, with the statutory auditors issuing an unmodified opinion. The board also recomme...
Prestige Estates Posts Record FY26 Sales and Collections on Broad-Based Real Estate Momentum
Apr 14, 2026
Prestige Estates Projects Limited reported its strongest-ever operational performance for the year ended March 31, 2026, driven by record annual sales of ₹3,00,245 million and collections of ₹1,85,146 million, with robust launches and ...
Prestige Estates Buys 50% Stake in Aaramnagar Realty to Drive Versova Project
Apr 9, 2026
Prestige Estates Projects Limited has acquired a 50% partnership interest in Aaramnagar Realty LLP, a real estate development firm formed in 2018 that has recorded no turnover over the past three years. The transaction, completed on April 9, 2026 ...
Prestige Group Enters ₹9,000-Crore Premium Housing Project in Versova, Mumbai
Apr 9, 2026
Prestige Estates Projects Limited has entered a joint venture with Pune- and Mumbai-based ABIL Group to develop a premium residential project in Versova, Mumbai, through Aaramnagar Realty LLP. The project covers about 6 acres in Aram Nagar with a ...
Prestige Estates Posts Record FY26 Pre-Sales Above ₹30,000 Crore
Apr 7, 2026
Prestige Estates Projects Limited reported a landmark performance for FY26, with annual pre-sales crossing ₹30,000 crore for the first time, reaching ₹30,024 crore, a 76% year-on-year increase. Fourth-quarter pre-sales stood at ₹...
Prestige Estates Unveils ₹9,500-Crore Mega Township in Hyderabad
Apr 3, 2026
Prestige Estates Projects Limited has launched Prestige Golden Grove, a large-scale residential township in Tellapur, Hyderabad, featuring 5,120 apartments across 28.6 acres with a saleable area of about 10.36 million square feet and an estimated ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.