Prestige Estates Projects Ltd.
Realty · NSE
52-week range
₹1,090 – ₹1,812
From 52w high
-16.8%
RSI (14)
69.8
vs SMA 50 / 200
↑ 50 · ↓ 200
Prestige Estates is a Bengaluru-based residential and commercial real estate developer trading at Rs 1,491.8 as of May 2026, with a trailing PE of 66.4x, the highest among its 6 tracked Realty peers. The company reported record FY26 pre-sales of Rs 30,024.5 Cr, beating its own guidance of Rs 27,000 Cr, yet free cash flow has been negative across all tracked years and the stock has not reclaimed its 200-DMA of Rs 1,541.99.
- ✓Revenue has grown 134% over 5 years and reported earnings growth over the same period is approximately 1,161%, reflecting significant scale expansion through the residential real estate cycle.
- ✓FY26 pre-sales of Rs 30,024.5 Cr exceeded the company's own guidance of Rs 27,000 Cr, with a single Hyderabad project contributing over Rs 2,500 Cr, demonstrating geographic diversification of demand.
- ✓Forward PE of 36.6x is materially lower than the trailing PE of 66.4x, implying the market is pricing in substantial earnings growth relative to current reported profits.
- ✓The stock is above its 50-DMA of Rs 1,332.03, with RSI at 66.4 (neutral range), and nearest support identified at Rs 1,351.2.
- ✗FCF was negative in every tracked year (0 of available years positive) and ROE of 6.3% has never exceeded 15% in any tracked year, indicating the business has not generated positive free cash or above-threshold returns on equity in its recent history.
- ✗Debt-to-equity of 89.3 is elevated with a rising debt trend, increasing the company's sensitivity to borrowing cost changes and the pace of project-level cash inflows.
- ✗Trailing PE of 66.4x is the highest among 6 tracked Realty peers, and the quality score of 40 is the lowest in the peer group (range 41-65), placing PRESTIGE at rank 6 of 6 on both valuation and quality metrics.
- ✗Price has been below the 200-DMA of Rs 1,541.99 and sits 17.7% below the 52-week high; three resistance levels cluster between Rs 1,604.7 and Rs 1,676.9.
- ·Prestige Estates reported record FY26 pre-sales of Rs 30,024.5 Cr, beating its Rs 27,000 Cr guidance; 7 of 8 tracked news articles are positive and 0 are negative, reflecting uniformly constructive recent coverage.
- ·A single Hyderabad residential project sold over 1,700 units for more than Rs 2,500 Cr, covered across Hindustan Times, Economic Times, BusinessLine, and CNBC TV18, indicating broad mainstream media attention to the operational momentum.
- ·Despite the positive news flow, the 3-month price change is -2.3% and the stock has not crossed back above its 200-DMA of Rs 1,541.99, with resistance at Rs 1,604.7 as the nearest overhead level.
- ?If revenue and reported earnings have grown sharply over 5 years but FCF remains negative in every tracked year, what does this imply about working capital intensity, project timelines, and the quality of earnings in a large-scale residential development model?
- ?Given that trailing PE is the highest among 6 Realty peers and quality score is the lowest, what specific factors such as brand premium, land bank, project pipeline, or cycle positioning would justify the valuation relative to peers such as OBEROIRLTY or LODHA?
- ?With debt-to-equity at 89.3 and a rising debt trend, how sensitive is the company's project execution and profitability to changes in borrowing costs or a slowdown in pre-sales velocity?
- ?Record pre-sales of Rs 30,024.5 Cr are a leading indicator dependent on project completion and revenue recognition timelines; how does the gap between pre-sales momentum and reported earnings affect an assessment of near-term earnings quality?
PE
66.4
Forward PE
36.6
ROE
+6.3%
Profit margin
+9.6%
D/E
89.29
Dividend yield
+0.1%
Quality score
40/100
ROE 5y above 15%
0/5 yrs
FCF 5y positive
0/5 yrs
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.Analysis generated 11 May 2026.