Prestige Estates is a prominent Indian real estate developer that sells only the best properties to its customers. It has a long history in the construction industry and is known for being trustworthy and effective. Investors have benefited from the rising return on investment graph for the company over the past five years, which reflects the favorable prospects for the Prestige stock price. In an effort to further close the information gap, this article will attempt to present target price predictions for the currently traded price of Prestige Estate shares.
Prestige Share Price Target 2024-2030
Prestige Estates is a prominent property developer in India. Its specialty is providing customers with class-era homes. It has a long history in the construction industry, characterized by reliability and speed of delivery. The same thing helps investors realize increased yields over time and brightens the future for Prestige share prices, as the ROI progression graph over the past five years despite speculations demonstrates.
Prestige Share Price Target Today Update
- With an initial goal of 2457.79, Prestige Estates Projects Limited (PRESTIGE) is anticipated to experience significant growth in 2024. However, fluctuations may occur mid-year, peaking at 3383.88 due to market volatility.
- In 2025, a bullish trend could propel Prestige Estates Projects Limited’s stock to a mid-year target of 3682 yen, followed by a steady climb to 4226 yen.
- In 2026, a transitory decrease in early months for Esteem Domains Tasks Restricted is conceivable, with a recuperation anticipated by mid-year, going for the gold.
- In 2027, we anticipate mixed trends for Prestige Estates Projects Limited, with rapid ups and downs but a general upward trajectory toward 5537.
Stock history of Prestige Estates
The initial public offering (IPO) of Prestige Estates in 2006, when it was listed on the National Stock Exchange of India, is the beginning of the company’s stock history. As the real estate industry has experienced both growth and decline, its stock price has fluctuated frequently since then. The business underwent a significant restructuring in 2012 that included the launch of a number of new projects, the buyback of shares, and a program to reduce its debt. The stock price soared as a result, and ever since, it has generally been rising.
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Prestige Business Profile
In addition to being a leader in Bengaluru and having a significant presence in Hyderabad and Chennai, the company has mastered the art of operation in recent years in places like Kochi, Mangalore, Goa, Mysore, Pune, Mumbai, Ahmedabad, NCR, and Udaipur.
Residential: The company has completed the construction of 120 residential units totaling 90 million square feet. In addition, there are currently 32 additional construction projects within it, each of which will have occupied 37 million square feet upon completion.
Commercial Offices: The company has completed 112 office projects totaling 36.22 million square feet. In this area, there are 13 ongoing projects totaling 19 million square feet and 14 planned projects totaling 25 million square feet.
Retail: The company has 10 retail projects with a combined total of 7.08 million square feet. It currently has three ongoing projects totaling 2.56 million square feet, all of which are in the planning stage.
Hospitality: Unique hotels, resorts, spas, and serviced apartments are built by the company. The company has completed arrangement 8 projects totaling 1262 keys to farm this segment. It is considering four projects with 367 keys in this area and has two ongoing projects with 1229 keys in the same segment.
Acquisition: Shipco Infrastructure Pvt Ltd’s equity was purchased by Prestige Office Ventures for approximately 23 crore rupees. This interest will be used for logistics and warehousing space within this limited liability company.
Deals: The company and Blackstone Group reached an agreement to sell 100% of its equity in six office projects (including a hotel), 50% of its equity in four projects that were still under construction, and 85% of its equity in nine shopping malls that it has constructed across India.
Revenue
- Real estate developments (76%)– THis segment includes residential and commercial real estate development sales revenues.
- Property rental and hire charges (15%) – It includes rent, sublease, commission, and hiring profits.
- Services (11%)– It includes money made from selling services like facilities, room rentals, food, drinks, maintenance money, and other allied services.
Prestige Fundamentals & Quarterly Results
| Market Cap | ₹ 72,764 Cr. |
| Current Price | ₹ 1,815 |
| High / Low | ₹ 2,075 / 521 |
| Stock P/E | 53.0 |
| Book Value | ₹ 282 |
| Dividend Yield | 0.08 % |
| ROCE | 14.9 % |
| ROE | 12.9 % |
| Face Value | ₹ 10.0 |
| Debt to Equity | 1.19 |
| Debt Capacity | -0.06 |
| Debt Preceding Year | ₹ 9,420 Cr. |
| Debt | ₹ 13,458 Cr. |
| Reserves | ₹ 10,888 Cr. |
| EPS | ₹ 34.3 |
| EPS Last Year | ₹ 34.3 |
| Pledged Percentage | 0.00 % |
| FCF Prev Ann | ₹ -111 Cr. |
| EV/EBITDA | 20.6 |
| Industry PE | 36.9 |
| PEG Ratio | 1.67 |
| Piotroski Score | 6.00 |
| Earnings Yield | 3.99 % |
| Sales Growth 5 Years | 8.78 % |
Prestige Quarterly Results
| Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | |
| Sales | 2,400 | 1,938 | 1,428 | 2,317 | 2,632 | 1,681 | 2,236 | 1,796 | 2,164 |
| Expenses | 1,901 | 1,479 | 1,061 | 1,745 | 1,950 | 1,158 | 1,651 | 1,261 | 1,336 |
| Operating Profit | 500 | 459 | 367 | 572 | 682 | 522 | 585 | 535 | 828 |
| OPM % | 21% | 24% | 26% | 25% | 26% | 31% | 26% | 30% | 38% |
| Other Income | 903 | 223 | 193 | 30 | 341 | 285 | 1,020 | 175 | 108 |
| Interest | 174 | 185 | 186 | 201 | 235 | 238 | 264 | 293 | 424 |
| Depreciation | 130 | 147 | 163 | 170 | 168 | 166 | 174 | 180 | 197 |
| Profit before tax | 1,098 | 351 | 211 | 232 | 620 | 404 | 1,167 | 237 | 314 |
| Tax % | 14% | 28% | 30% | 30% | 19% | 21% | 22% | 31% | 25% |
| Net Profit | 945 | 251 | 149 | 162 | 505 | 318 | 910 | 165 | 236 |
| EPS in Rs | 23.43 | 5.11 | 3.51 | 3.19 | 11.68 | 6.66 | 21.23 | 2.90 | 3.49 |
CAGR Report
| Metric | 10 Years | 5 Years | 3 Years | TTM |
| Compounded Sales Growth | 12% | 9% | 3% | -5% |
| Compounded Profit Growth | 16% | 32% | 44% | 91% |
| Stock Price CAGR | 22% | 46% | 84% | 212% |
| Return on Equity | 9% | 9% | 9% | 135 |
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Prestige Shareholding Pattern
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
| Promoters | 70.00% | 70.00% | 70.00% | 65.48% | 65.48% | 65.48% | 65.48% | 65.48% |
| FIIs | 24.43% | 27.33% | 24.85% | 29.42% | 28.90% | 24.28% | 21.19% | 16.06% |
| DIIs | 4.41% | 1.51% | 3.90% | 3.86% | 3.60% | 6.82% | 10.50% | 14.96% |
| Public | 1.16% | 1.16% | 1.25% | 1.24% | 2.01% | 3.42% | 2.83% | 3.51% |
| No. of Shareholders | 11,656 | 13,999 | 16,145 | 19,770 | 29,230 | 60,583 | 66,432 | 1,47,341 |
Prestige Share Price Target 2024-2030 Forecast
| Year | Initial Target | Mid-Year Target | Year-End Target |
| 2024 | ₹1487.01 | ₹1872.15 | ₹2103.23 |
| 2025 | ₹2145 | ₹2017 | ₹2407 |
| 2026 | ₹2455 | ₹2308 | ₹2755 |
| 2027 | ₹2810 | ₹2641 | ₹3153 |
| 2028 | ₹3216 | ₹3023 | ₹3609 |
| 2029 | ₹3681 | ₹3460 | ₹4130 |
| 2030 | ₹4213 | ₹3960 | ₹4727 |
PRESTIGE Share Price Target 2025
| Month | Target |
| January | ₹2145 |
| February | ₹2188 |
| March | ₹2232 |
| April | ₹2158 |
| May | ₹2086 |
| June | ₹2017 |
| July | ₹2098 |
| August | ₹2182 |
| September | ₹2269 |
| October | ₹2314 |
| November | ₹2360 |
| December | ₹2407 |
PRESTIGE Share Price Target 2026
| Month | Target |
| January | ₹2455 |
| February | ₹2504 |
| March | ₹2554 |
| April | ₹2469 |
| May | ₹2387 |
| June | ₹2308 |
| July | ₹2400 |
| August | ₹2496 |
| September | ₹2596 |
| October | ₹2648 |
| November | ₹2701 |
| December | ₹2755 |
PRESTIGE Share Price Target 2027
| Month | Target |
| January | ₹2810 |
| February | ₹2866 |
| March | ₹2923 |
| April | ₹2826 |
| May | ₹2732 |
| June | ₹2641 |
| July | ₹2747 |
| August | ₹2857 |
| September | ₹2971 |
| October | ₹3030 |
| November | ₹3091 |
| December | ₹3153 |
PRESTIGE Share Price Target 2028
| Month | Target |
| January | ₹3216 |
| February | ₹3280 |
| March | ₹3346 |
| April | ₹3235 |
| May | ₹3127 |
| June | ₹3023 |
| July | ₹3144 |
| August | ₹3270 |
| September | ₹3401 |
| October | ₹3469 |
| November | ₹3538 |
| December | ₹3609 |
PRESTIGE Share Price Target 2029
| Month | Target |
| January | ₹3681 |
| February | ₹3755 |
| March | ₹3830 |
| April | ₹3702 |
| May | ₹3579 |
| June | ₹3460 |
| July | ₹3598 |
| August | ₹3742 |
| September | ₹3892 |
| October | ₹3970 |
| November | ₹4049 |
| December | ₹4130 |
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PRESTIGE Share Price Target 2030
| Month | Target |
| January | ₹4213 |
| February | ₹4297 |
| March | ₹4383 |
| April | ₹4237 |
| May | ₹4096 |
| June | ₹3960 |
| July | ₹4118 |
| August | ₹4283 |
| September | ₹4454 |
| October | ₹4543 |
| November | ₹4634 |
| December | ₹4727 |
Final Words
PRESTIGE is a company that does business in the Real Estate industry. We will employ a machine learning strategy to forecast PRESTIGE’s price until 2030, training the forecasted data on previous performance. Over the course of its history, Prestige Estates Projects Limited, which is well-known for its significant presence in the Indian stock market, has displayed a variety of trends. We’ll talk about PRESTIGE’s current market position, its growth path, and how external market factors could affect its price performance through 2030 in this section.
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