Prestige Estates Projects Ltd.
NSE: PRESTIGEPrestige Estates Projects Ltd.: A 30-second snapshot
Prestige Estates Projects (Realty sector) trades at Rs 1,358, a trailing PE of 48.9x and forward PE of 23.7x, with 5-year revenue growth of 166.5% and earnings growth of 901.7% off a low base. Debt-to-equity of 105.5 is rising, FCF was positive in only 1 tracked year, and the quality score of 25 ranks last among 6 Realty peers. The price is 10.8% below the 200-DMA of Rs 1,522 and 25.1% below its 52-week high, while RSI stands at 45.
P/E
48.9
Forward P/E
23.7
ROE
+8.0%
Debt / Equity
105.49
Profit Margin
+9.4%
Div. Yield
+0.1%
5Y ROE > 15%
0/5
5Y FCF > 0
1/5
Quality
44/100
News
7 headlines · 5 positive · 0 negative
Prestige Group: Rs 36K Cr Pre-Sales Target in FY27 - Rediff MoneyWiz
Rediff MoneyWiz
Prestige Estates' Gains From Record FY26 Bookings — Axis Sees 32% Upside Left Despite Delay Risks - NDTV Profit
NDTV Profit
Prestige Estates Q4 result: Net profit jumps 10-fold to ₹250 crore - Business Standard
Business Standard
Buy Prestige Estates Projects; target of Rs 1800: Prabhudas Lilladher - TradingView
TradingView
Buy Prestige Estates Projects Ltd for the Target Rs 1,680 by Motilal Oswal Financial Services Ltd - Investment Guru
Investment Guru
Recent context
- ·Prestige Estates reported Q4 FY26 net profit of Rs 250 crore, approximately 10x higher than the year-prior quarter, driven by record FY26 bookings (Business Standard, May 2026).
- ·Management has set a pre-sales target of Rs 36,000 crore for FY27, representing a significant step-up from current levels (Rediff MoneyWiz, May 2026).
- ·Axis retained a constructive view noting record FY26 bookings but flagged delay risks; Motilal Oswal and Prabhudas Lilladher also published constructive views with specific price targets in May 2026 (NDTV Profit, TradingView, Investment Guru).
Strengths
- +5-year revenue growth of 166.5% and earnings growth of 901.7% reflect significant operational scale-up, with Q4 FY26 net profit reported up approximately 10x YoY to Rs 250 crore (Business Standard, May 2026).
- +Forward PE of 23.7x represents a meaningful compression from the trailing PE of 48.9x, indicating the market is pricing in substantial near-term earnings acceleration.
- +Price is above the 50-DMA of Rs 1,338, the first positive moving-average signal in the near term, with nearest support at Rs 1,345.
- +Analyst mean rating of 1.45 across 23 analysts (1-5 scale, lower = more constructive), with named brokers Axis, Motilal Oswal, and Prabhudas Lilladher each publishing constructive views in May 2026.
Weaknesses
- −Debt-to-equity of 105.5 is rising and extreme for a non-financial company; high leverage makes the business sensitive to refinancing conditions and project-level delays.
- −FCF was positive in only 1 of the tracked years with a persistence consistency score of 28, indicating the company has historically consumed more cash than it generates despite rapid revenue growth.
- −ROE of 8% is the weakest among all 6 tracked Realty peers and has never exceeded 15% in any year tracked, reflecting below-peer capital efficiency across the cycle.
- −Quality score of 25 ranks 6th of 6 in the Realty peer group; the stock is 25.1% below its 52-week high and has declined 5.6% over the past 12 months.
Open questions
- ?Does the Rs 36,000 crore FY27 pre-sales target, if achieved, translate into free cash flow improvement or does the capital intensity of new project launches continue to absorb cash?
- ?At a D/E of 105.5 and rising, what level of interest coverage does the company maintain, and how does it compare to Realty peers carrying similar leverage?
- ?The forward PE of 23.7x implies a significant earnings ramp -- what execution or macro risks could cause the FY27 earnings trajectory to fall short of embedded expectations?
- ?Given that ROE has not exceeded 15% in any tracked year despite 5-year revenue growth of 166.5%, what structural factors in Prestige's project mix or capital structure are constraining return on equity relative to peers like OBEROIRLTY (14.9%) and LODHA (15.7%)?
Peer comparison: Realty
Ranks 6 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| PRESTIGE | Prestige Estates Projects Ltd.You're viewing | 48.9 | +8.0% | 25 |
| Industry avg | across 5 peers | 32.1 | +12.3% | 48 |
| OBEROIRLTY | Oberoi Realty Ltd. | 23.9 | +14.9% | 65 |
| PHOENIXLTD | Phoenix Mills Ltd. | 49.8 | +11.1% | 55 |
| LODHA | Lodha Developers Ltd. | 26.1 | +15.7% | 49 |
| GODREJPROP | Godrej Properties Ltd. | 27.9 | +10.0% | 44 |
| DLF | DLF Ltd. | 32.5 | +10.0% | 29 |
Technical state
Current price
₹1,358.20
SMA 50
₹1,338.37
SMA 200
₹1,522.15
RSI (14)
45.0 (neutral)
From 52w high
-25.1%
1Y return
-5.6%
3M return
-4.7%
50-DMA
Above
200-DMA
Below
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- highDebt-to-equity of 105.5 is extreme for a non-financial company, and the debt trend is classified as rising; high leverage amplifies sensitivity to interest rate movements and project-level cash flow shortfalls.
- highFCF was positive in only 1 of the tracked years and the persistence consistency score is 28; ROE of 8% never exceeded 15% in any tracked year, indicating limited free cash generation relative to the capital base.
- mediumQuality score of 25 ranks 6th of 6 in the Realty peer group; ROE of 8% is the lowest among all five peers (DLF 10.0%, GODREJPROP 10.0%, PHOENIXLTD 11.1%, OBEROIRLTY 14.9%, LODHA 15.7%).
- mediumPrice of Rs 1,358 is 10.8% below the 200-DMA of Rs 1,522 and 25.1% below the 52-week high; the stock has been below the 200-DMA with resistance levels at Rs 1,515 and Rs 1,605 materially above current price.
Cross-section contradictions
- 5-year revenue growth of 166.5% and earnings growth of 901.7% have coincided with FCF positive in only 1 tracked year and an ROE of 8%, suggesting headline growth has not translated into sustained free cash generation or capital efficiency.
- News sentiment is positive (5 positive, 0 negative out of 7 articles), including a Rs 36,000 crore FY27 pre-sales target and a Q4 net profit up approximately 10x YoY, yet the stock is 5.6% lower over 1 year and 10.8% below the 200-DMA.
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.
Fundamentals & technicals: refreshed 25 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 1 Jun 2026 · rotates through NIFTY 500 every ~5 days