Prestige Estates Projects Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹61,995 Cr
- P/E
- 54.44
- ROE
- 7.53%
- PEG
- 2.98
- Price to sales
- 4.73
- Debt to equity
- 1.09
- 52W high / low
- ₹1,781 / ₹1,126
- Sales growth (5Y)
- 11.86%
- EBITDA margin
- 27.81%
- Net profit margin
- 10.27%
- Promoter holding
- 60.95%
- Sales (last year)
- ₹13,053 Cr
Prestige Estate Projects has diversified business model across various segments, viz Residential, Office, Retail, Hospitality, Property Management and Warehouses with operations in more than 12 major locations in India.[1]
Guidance scorecard · Q1 FY27 call
What Prestige Estates Projects Ltd's management guided
and where it ranks in Realty
Realty
RevenueQ1 FY27 call
10–20%- Residential revenue recognition expected over a conservative 4-year period; FY27 anticipated residential sales around INR 11,000-12,000 crores.
- Unrecognized revenue of around INR 70,000 crores expected to be recognized over the next 4 years, making 3 years difficult.
- Presales growth confidently guided at 15% to 20% owing to a strong pipeline of launches and robust demand.
- Upcoming launches include 4 projects in Bangalore and 1 in Chennai this quarter; large launch pipeline of ~INR 45,000 crores pending.
- Business development spend targeted around INR 4,500 crores for the year to fuel launches.
- NCR market expansion planned cautiously with 3 projects tied up and further projects under discussion, reflecting optimism on growth.
2 more points from Prestige Estates Projects Ltd's call on revenue
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MarginsQ1 FY27 call
FlatSee what Prestige Estates Projects Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Business development spend for FY27 is guided around INR4,000 to INR4,500 crores, spread over ensuing quarters.
- Planned launches include around 4 projects in Bangalore (Prestige Avon, Prestige Battersea, Garden Breez, Springwood) and multiple launches in Chennai (Prestige Palm Court, Park Street, Falcon City) and Mumbai (Chambers 51).
- Greater focus on acquiring and launching projects in Pune, with plans to enter this city soon.
- Considering investments in data centers, targeting about 100 megawatts IT load in the near-term, with land acquisition in progress in Maharashtra.
- Capital deployment for land acquisitions noted, e.g., INR650-700 crores borrowings for land parcels.
2 more points from Prestige Estates Projects Ltd's call on capex
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FundraisingQ1 FY27 call
PlannedSee what Prestige Estates Projects Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- Prestige Estates has a substantial launch pipeline worth approximately INR45,000 crores pending.
- The company is confident that these projects will launch mostly within FY27, with minor risk of slippage into FY28.
- Business development spends target around INR4,500 crores for the year.
2 more points from Prestige Estates Projects Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Realty
on management's own guidance
- Sobha LtdGood growth2
- Strong growth1
- Man Infraconstruction LtdGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Realty companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹12,035 Cr | 41.1 | |
| 2 | Sobha Ltd | 20–40% | Up 2%+ | ₹12,548 Cr | 54.4 |
| 3 | Man Infraconstruction Ltd | 20–40% | Up 2%+ | ₹4,602 Cr | 21.2 |
| 4 | 20–40% | Up 2%+ | ₹1,157 Cr | 12.7 | |
| 5 | 20–40% | Flat | ₹1.06L Cr | 25.6 | |
| 6 | 20–40% | Flat | ₹61,922 Cr | 23.4 |
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Pro shows every company guiding 40%+ revenue growth →Full Realty rankingFinancials of Prestige Estates Projects Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Prestige Estates Projects Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 2,632 | 1,681 | 2,236 | 1,796 | 2,164 | 1,862 | 2,304 | 1,654 | 1,528 | 2,307 | 2,432 | 3,873 | 4,074 |
| Expenses + | 1,950 | 1,158 | 1,651 | 1,261 | 1,336 | 1,079 | 1,684 | 1,071 | 999 | 1,430 | 1,522 | 3,013 | 3,063 |
| Operating Profit | 682 | 522 | 585 | 535 | 828 | 784 | 620 | 583 | 529 | 877 | 910 | 860 | 1,010 |
| OPM % | 26% | 31% | 26% | 30% | 38% | 42% | 27% | 35% | 35% | 38% | 37% | 22% | 25% |
| Other Income + | 341 | 285 | 1,020 | 175 | 108 | 162 | 119 | 43 | 61 | 161 | 278 | 36 | 70 |
| Interest | 235 | 238 | 264 | 293 | 424 | 346 | 356 | 345 | 286 | 384 | 385 | 384 | 430 |
| Depreciation | 168 | 166 | 174 | 180 | 197 | 190 | 200 | 205 | 217 | 216 | 219 | 234 | 238 |
| Profit before tax | 620 | 404 | 1,167 | 237 | 314 | 409 | 183 | 77 | 87 | 439 | 584 | 278 | 413 |
| Tax % | 19% | 21% | 22% | 31% | 25% | 25% | -28% | 58% | 51% | 29% | 22% | 12% | 29% |
| Net Profit + | 505 | 318 | 910 | 165 | 236 | 307 | 235 | 32 | 43 | 312 | 457 | 245 | 292 |
| EPS in Rs | 11.68 | 6.66 | 21.23 | 2.90 | 3.49 | 5.80 | 4.46 | 0.41 | 0.58 | 6.79 | 9.99 | 5.17 | 5.81 |
Financials of Prestige Estates Projects Ltd
Profit & Loss
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 3,420 | 5,531 | 4,774 | 5,499 | 5,172 | 8,125 | 7,242 | 6,390 | 8,315 | 7,877 | 7,349 | 12,685 |
| Expenses + | 2,426 | 4,464 | 3,855 | 4,222 | 3,718 | 5,769 | 5,308 | 4,872 | 6,227 | 5,379 | 4,833 | 8,993 |
| Operating Profit | 994 | 1,068 | 920 | 1,277 | 1,454 | 2,356 | 1,934 | 1,517 | 2,088 | 2,498 | 2,516 | 3,692 |
| OPM % | 29% | 19% | 19% | 23% | 28% | 29% | 27% | 24% | 25% | 32% | 34% | 29% |
| Other Income + | 99 | 288 | 99 | 82 | 232 | 161 | 3,036 | 1,018 | 780 | 1,560 | 386 | 510 |
| Interest | 321 | 346 | 316 | 566 | 723 | 1,023 | 979 | 555 | 807 | 1,219 | 1,334 | 1,582 |
| Depreciation | 140 | 127 | 164 | 155 | 323 | 667 | 593 | 471 | 647 | 716 | 812 | 906 |
| Profit before tax | 631 | 882 | 539 | 638 | 640 | 827 | 3,398 | 1,509 | 1,414 | 2,122 | 756 | 1,714 |
| Tax % | 42% | 26% | 31% | 33% | 31% | 34% | 15% | 20% | 25% | 23% | 18% | 24% |
| Net Profit + | 367 | 653 | 373 | 425 | 442 | 549 | 2,878 | 1,215 | 1,067 | 1,629 | 617 | 1,305 |
| EPS in Rs | 8.86 | 16.26 | 7.06 | 9.90 | 11.08 | 10.06 | 69.41 | 28.69 | 23.49 | 34.28 | 10.85 | 27.76 |
| Dividend Payout % | 17% | 7% | 17% | 12% | 14% | 15% | 2% | 5% | 6% | 5% | 17% | 7% |
Financials of Prestige Estates Projects Ltd
Balance Sheet
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 375 | 375 | 375 | 375 | 375 | 401 | 401 | 401 | 401 | 401 | 431 | 431 |
| Reserves | 3,446 | 3,825 | 4,040 | 4,358 | 3,852 | 4,959 | 7,600 | 8,694 | 9,574 | 10,888 | 14,992 | 15,842 |
| Borrowings + | 4,071 | 5,374 | 5,739 | 7,416 | 8,487 | 9,272 | 4,898 | 7,412 | 9,420 | 13,458 | 13,180 | 17,659 |
| Other Liabilities + | 4,463 | 6,886 | 6,676 | 6,754 | 15,720 | 14,844 | 12,201 | 13,664 | 16,876 | 23,227 | 29,634 | 39,436 |
| Total Liabilities | 12,355 | 16,460 | 16,830 | 18,902 | 28,433 | 29,476 | 25,100 | 30,171 | 36,271 | 47,974 | 58,237 | 73,368 |
| Fixed Assets + | 3,010 | 932 | 3,622 | 5,135 | 6,732 | 8,986 | 3,780 | 5,858 | 6,780 | 8,669 | 10,545 | 11,965 |
| CWIP | 776 | 982 | 1,795 | 2,508 | 1,645 | 2,143 | 2,740 | 1,725 | 2,399 | 2,137 | 1,424 | 2,207 |
| Investments | 279 | 3,296 | 355 | 435 | 778 | 789 | 907 | 772 | 1,023 | 1,279 | 1,250 | 2,175 |
| Other Assets + | 8,291 | 11,250 | 11,058 | 10,825 | 19,277 | 17,558 | 17,672 | 21,816 | 26,069 | 35,889 | 45,018 | 57,021 |
| Total Assets | 12,355 | 16,460 | 16,830 | 18,902 | 28,433 | 29,476 | 25,100 | 30,171 | 36,271 | 47,974 | 58,237 | 73,368 |
Financials of Prestige Estates Projects Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -478 | 435 | 514 | 1,072 | 762 | 2,226 | 1,839 | 2,140 | 1,540 | 1,297 | 131 | 3,223 |
| Cash from Investing Activity + | -426 | -710 | -522 | -2,005 | -549 | -2,346 | 355 | -4,016 | -2,697 | -2,455 | -1,348 | -5,636 |
| Cash from Financing Activity + | 1,104 | 225 | -80 | 960 | 87 | 252 | -634 | 1,598 | 546 | 1,969 | 959 | 1,959 |
| Net Cash Flow | 200 | -50 | -87 | 26 | 300 | 133 | 1,560 | -278 | -612 | 812 | -258 | -453 |
| Free Cash Flow | -866 | -486 | -353 | 497 | 18 | 728 | 1,090 | -130 | -111 | -603 | -1,367 | 349 |
| CFO/OP | -22% | 71% | 91% | 106% | 68% | 107% | 106% | 157% | 89% | 69% | 21% | 106% |
Financials of Prestige Estates Projects Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 94 | 75 | 77 | 64 | 117 | 66 | 69 | 81 | 58 | 57 | 67 | 59 |
| Inventory Days | 7,574 | 2,500 | 1,954 | 7,470 | 2,875 | |||||||
| Days Payable | 1,795 | 269 | 221 | 633 | 179 | |||||||
| Cash Conversion Cycle | 94 | 75 | 77 | 5,843 | 117 | 2,297 | 1,803 | 6,918 | 58 | 57 | 67 | 2,755 |
| Working Capital Days | 33 | 49 | 56 | -87 | -198 | -114 | -20 | 87 | 30 | 104 | 274 | 136 |
| ROCE % | 13% | 12% | 8% | 11% | 10% | 13% | 11% | 8% | 10% | 11% | 8% | 10% |
Guidance history
How Prestige Estates Projects Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Flat | Planned | Planned | — |
| Q4 FY26 call → | 10–20% | Up 0–2% | Planned | Planned | Rising |
| Q3 FY26 call → | 20–40% | Flat | Planned | Planned | — |
| Q2 FY26 call → | 20–40% | Flat | Planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
23 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −17.9% | 39% |
| Last 6 months | +1.7% | 56% |
| Last 3 months | −9.8% | 41% |
The price is 27.4% below its all-time high of ₹1,983.2 (21 Jun 2024). Stocks more than 20% below their peak have their score halved, so 46 became 23.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Prestige Estates Projects Ltd: 0.4 × 39 + 0.4 × 56 + 0.2 × 41 = 46, halved to 23 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Prestige Estates Projects Ltd's management said in earlier quarters
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