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Prestige Estates Projects Limited
(PRESTIGE)
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Rating:56Neutral
Price Target:
₹1,679.00
▼(-1.44% Downside)
Action:Reiterated
Date:08/23/26
The score is held back primarily by weak and inconsistent cash generation (predominantly negative free cash flow) alongside rising leverage, despite strong FY2026 revenue growth and healthy operating margins. Technicals are mildly supportive with the stock trading above major moving averages but with mixed momentum signals. Valuation is a notable headwind due to the high P/E and minimal dividend yield.
Positive Factors
Strong Revenue Growth
The sharp FY2026 revenue rebound indicates strong project sales and execution momentum. Sustained growth would improve operating leverage, support land and development activity, and strengthen Prestige's position across residential and commercial real estate.
Negative Factors
Persistent Negative Free Cash Flow
Repeated negative free cash flow indicates that construction, land acquisition, and project investment consume substantial capital beyond internally generated funds. This can increase reliance on debt, constrain new launches, and reduce flexibility if sales or collections slow.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Growth
The sharp FY2026 revenue rebound indicates strong project sales and execution momentum. Sustained growth would improve operating leverage, support land and development activity, and strengthen Prestige's position across residential and commercial real estate.
Read all positive factors
Prestige Estates Projects Limited (PRESTIGE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹671.44B
Dividend Yield0.13%
Average Volume (3M)51.70K
Price to Earnings (P/E)59.0
Beta (1Y)1.83
Revenue Growth65.81%
EPS Growth111.83%
CountryIN
Employees11,092
SectorGeneral
Sector StrengthN/A
IndustryReal Estate - Development
Share Statistics
EPS (TTM)26.45
Shares Outstanding430,730,220
10 Day Avg. Volume50,018
30 Day Avg. Volume51,695
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
₹1,840.00Price Target Upside8.01% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)46.55
Revenue Forecast (FY)₹157.89B
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 makes money primarily through (1) real estate development and sales and (2) leasing/annuity income from income-generating properties, with additional contribution from hospitality-related operations where applicable.
1) Residential and o...
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 | 132.83B | 131.96B | 73.49B | 78.77B | 83.15B | 63.90B |
| Gross Profit | 70.43B | 62.74B | 59.76B | 51.08B | 41.93B | 31.16B |
| EBITDA | 41.73B | 42.02B | 21.64B | 21.55B | 17.76B | 15.46B |
| Net Income | 11.39B | 11.96B | 4.67B | 13.74B | 9.42B | 11.50B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 733.68B | 587.95B | 485.19B | 365.83B | 304.44B |
| Cash, Cash Equivalents and Short-Term Investments | 32.80B | 33.72B | 32.50B | 34.26B | 16.18B | 21.19B |
| Total Debt | 0.00 | 176.59B | 131.80B | 134.58B | 94.20B | 72.50B |
| Total Liabilities | -167.40B | 565.57B | 428.91B | 367.18B | 263.24B | 208.97B |
| Stockholders Equity | 167.40B | 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
Neutral
1703.50
Price Trends
1624.74
Negative
1521.01
Positive
1500.12
Positive
Market Momentum
-6.14
Positive
44.53
Neutral
43.54
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PRESTIGE, the sentiment is Neutral. The current price of 1703.5 is above the 20-day moving average (MA) of 1594.88, above the 50-day MA of 1624.74, and above the 200-day MA of 1500.12, indicating a neutral trend. The MACD of -6.14 indicates Positive momentum. The RSI at 44.53 is Neutral, neither overbought nor oversold. The STOCH value of 43.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:PRESTIGE.
Prestige Estates Projects Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ₹675.46B | 25.36 | ― | 0.44% | 29.10% | 27.52% | |
70 Outperform | ₹1.21T | 29.34 | ― | 0.35% | 26.04% | 38.93% | |
64 Neutral | ₹133.74B | 58.24 | ― | 0.48% | 32.15% | 121.84% | |
62 Neutral | ₹576.85B | 35.89 | ― | 0.53% | 18.11% | 5.18% | |
56 Neutral | ₹671.44B | 59.04 | ― | 0.13% | 65.81% | 111.83% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ₹222.02B | 26.05 | ― | 0.29% | 4.81% | -7.86% |
* General Sector Average
IN:PRESTIGE
Prestige Estates Projects Limited
1,565.00
24.61
1.60%
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1,835.95
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Prestige Estates Projects Limited Corporate Events
Prestige Estates Seals INR 3,000 Crore CPP Investments Deal in Hospitality Arm
Aug 10, 2026
Prestige Estates Projects Limited has approved and executed a binding framework agreement with CPP Investment Board Private Holdings (4) Inc. for an investment of up to INR 3,000 crore in its hospitality subsidiary, Prestige Hospitality Ventures L...
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...
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.