Prestige Estates Projects Limited

Prestige Estates Projects Limited (PRESTIGE) is a mid-cap Realty company valued at ₹64,015 crore operating in Residential, Commercial Projects on the NSE and BSE.

Recent price move

Prestige Estates Projects Limited last traded at ₹1,492, modestly up 0.07% on the day.

Recent developments

On 2026-10-01, the Bombay High Court restored the Mahalaxmi Turf View Project status, resolving disputes that had affected the company's operations. On 2026-08-09, the company announced an aggressive growth strategy for FY27 targeting collections exceeding ₹20,000 crore. On 2026-07-06, Prestige Estates acquired a 50% stake in Advent Convention and Hotels International for ₹504 crore to expand its market presence.

Financial performance

The company's business has improved significantly, with annual revenue rising 72.6% and annual net profit growing 111.6%. However, the latest quarter showed mixed results, with revenue up 16.0% but net profit down 13.0% compared to the same quarter a year earlier. The net profit margin widened to 10.3% from 8.4%, while return on equity remained at 7.3%.

Valuation multiples

The stock trades at 53.8 times earnings, 4.09 times book value. It yields 0.1%.

Things to watch

The stock is 22.1% below its 52-week high, indicating a significant drop from recent peak levels. The latest quarter's net profit fell 13.0% compared to the same quarter a year earlier, despite higher revenue. Promoter holding remains at 60.94%, but foreign institutional holding decreased by 0.93 percentage points in the quarter.

Where it stands

The company has shown strong growth in annual revenue and net profit, but the latest quarter's performance highlights challenges in maintaining profit growth. The Bombay High Court's decision to restore project status and the acquisition of a major stake in a hospitality company are positive developments. The stock is currently 22.1% below its 52-week high.

Summarised by DocStoX's model on 2026-10-10 from company filings, exchange data and news. This is a factual summary, not a rating or a recommendation. Informational only, not investment advice. Consult a SEBI-registered adviser before investing.