Current price is more than the intrinsic value

Intrinsic Value

Stock has been generating better return on equity than bank FD

ROE vs FD rates

Stock doesn't offer attractive dividend returns

Dividend Returns

Good time to consider, as stock is not in overbought zone

Entry Point

Stock not in ASM/GSM lists and not a lot of promoter holding is pledged

No Red Flags

The sales are attributed to 3.63 mn sqft of volume with an average realization of Rs 8309 cr per sqft. Prestige Group sold a total of 2564 units in the quarter, which amounts to 28 units sold per day.

Prestige Estates registers sales of Rs 3012 crore, up 310% YoY

Prestige Estates Projects Q1 Review - On Track For Diversifying With Scale; Outlook Remains Upbeat: Dolat Capital

Prestige Estates Q1 Review - On Track For Diversifying With Scale; Outlook Remains Upbeat: Dolat Capital

The company reported collections of Rs 2164 crore during Q1 FY23. The sales have come from 3.63 mn sqft volume with an average realization of Rs 8298 per sqft. During the quarter, Prestige Estates launched four projects spanning 9.67 mn sft, across Bangalore and Mumbai.

Q1FY23 review: Prestige Estates records 300% jump in sales

Realty firm Prestige Estates on Monday reported over four-fold jump in its sales bookings at Rs 3,012 crore during the first quarter of this fiscal year on better demand and lower base effect

Prestige Group sales bookings jump 4-fold on account of better demand

Developers like DLF, Godrej Properties, Prestige Estates, Macrotech and Sobha are taking initiatives to reduce energy and water consumption. Mahindra Lifespace Developers recently announced its commitment to constructing only net-zero buildings from 2030.

Realtors take concrete steps to go green

All the top Bengaluru-based developers such as Prestige Estates, Brigade Enterprises, Shriram Properties and Puravankara saw record sales in FY22; companies and analysts expect the uptick in sales to continue in the coming quarters.

IT Hiring and pay boom fuel demand for homes in Bengaluru | The Financial Express

With record sales in FY22, Prestige Estates became largest listed developer by sales.Yet, analysts feel the pre-sales target of Prestige Estates for the ongoing fiscal year is aggressive

Mumbai holds the key to Prestige Estates’ growth

The other applicants include Prestige Estates, Sayaji Hotels, Jindal Power, Kotak Special Situations Fund, CVI Emcof Master Fund, Asset Reconstruction Company of India (Arcil), Assets Care & Reconstruction Enterprise (ACRE), JM Financial ARC, Rare ARC, Prudent ARC and RKG Fund, the people said.

Indian Hotels, Oberoi among companies keen to buy Westin Kolkata

Prestige Estates Projects Ltd has added 0.3% over last one month compared to 2.01% fall in S&P BSE Realty Index index and 1.55% drop in the SENSEX

Prestige Estates Projects Ltd Surges 1.58%

This is the highest ever presales for the company and also the highest among listed real estate players that have released their numbers so far

Prestige Estates pips top players to clock record Rs 10,000-crore presales

The sales bookings of Bengaluru-based Prestige Estates came in higher than Macrotech Developers, which markets its properties under the Lodha brand.

Prestige Estates reports 90% rise in sales bookings to Rs 10,382 cr

Prestige Estates Projects Limited is a real estate development company engaged in the development and construction of properties, and leasing of commercial properties.

Prestige Estates Projects Ltd

Prestige Estates Projects Ltd

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Prestige Estates registers sales of Rs 3012 crore, up 310% YoY

Prestige Estates Q1 Review - On Track For Diversifying With Scale; Outlook Remains Upbeat: Dolat Capital

Q1FY23 review: Prestige Estates records 300% jump in sales

Prestige Group sales bookings jump 4-fold on account of better demand

Realtors take concrete steps to go green

IT Hiring and pay boom fuel demand for homes in Bengaluru | The Financial Express

Mumbai holds the key to Prestige Estates’ growth

Indian Hotels, Oberoi among companies keen to buy Westin Kolkata

Prestige Estates Projects Ltd Surges 1.58%

Prestige Estates Projects Ltd

Intrinsic ValueIntrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD ratesFixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend ReturnsA dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry PointHigh demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock

News & Opinions

Prestige Estates registers sales of Rs 3012 crore, up 310% YoY

Prestige Estates Q1 Review - On Track For Diversifying With Scale; Outlook Remains Upbeat: Dolat Capital

Q1FY23 review: Prestige Estates records 300% jump in sales

Prestige Group sales bookings jump 4-fold on account of better demand

Realtors take concrete steps to go green

IT Hiring and pay boom fuel demand for homes in Bengaluru | The Financial Express

Mumbai holds the key to Prestige Estates’ growth

Indian Hotels, Oberoi among companies keen to buy Westin Kolkata

Prestige Estates Projects Ltd Surges 1.58%

Intrinsic Value
Intrinsic value is the calculated value of the company and may differ from current stock price. If intrinsic value > current price, price increase is expected in the future to reduce the gap and vice-versa

ROE vs FD rates
Fixed Deposit rate is a virtually risk-free rate where the investor assumes almost no risk on their investment. If stock's long term average ROE is lower than this rate, investors are better off investing the amount in a FD

Dividend Returns
A dividend is the distribution of reward from a portion of company's earnings and is paid to its shareholders. Good dividend returns indicate good health and outlook for the company

Entry Point
High demand for a stock increases its price. If the price is pushed up to a level which is not justified, then it's considered to be in the overbought zone, which is not a good time to buy the stock