Prestige Estates Projects Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for PRESTIGE, BSE:533274 Prestige Estates Projects Ltd.

Prestige Estates Projects Ltd.

14 Sep 2022

1668.60

-1.18%

PRESTIGE ESTATES PROJECTS LIMITED

Buy: Prestige Estates Projects ...

Recommendation Target

Geojit BNP Paribas

Prestige Estates Pro.. has an average target of 2059.00 from 3 brokers.

Prestige Estates Projects Ltd.

06 Sep 2022

1668.60

-1.18%

Robust Residential and Commercial pipeline and a revamped Balance Sheet to drive growth

Buy: Prestige Estates Projects ...

Target

Motilal Oswal

Axis Direct released a Buy report for Prestige Estates Projects Ltd. with a price target of 2000.0 on 14 Nov, 2025.

Prestige Estates Projects Ltd.

11 Aug 2022

1668.60

-1.18%

Strong start to FY23 led by Mumbai launches

Accumulate: Prestige Estates Projects ...

ICICI Securities Limited

Prestige Estates Projects (PEPL) reported Q1FY23 gross sales bookings of Rs 30.1bn vs. I-sec estimate of Rs31.5bn and was primarily led by strong response to the new launch in Mulund, Mumbai (Prestige Bellanza) which our channel checks indicate may have sold ~300 units or Rs6.0bn in value during the quarter.

Axis Direct released a Buy report for Prestige Estates Projects Ltd. with a price target of 2000.0 on 14 Nov, 2025.

Prestige Estates Projects Ltd.

19 Jul 2022

1668.60

-1.18%

Strong start to FY23 led by Mumbai launches

Accumulate: Prestige Estates Projects ...

Recommendation

ICICI Securities Limited

Prestige Estates Projects (PEPL) reported Q1FY23 gross sales bookings of Rs30.1bn vs. I-sec estimate of Rs31.5bn and was primarily led by strong response to the new launch in Mulund, Mumbai (Prestige Bellanza) which our channel checks indicate may have sold ~300 units or Rs6.0bn in value during the quarter.

Prestige Estates Projects Ltd. is trading above its 200 day SMA of 1499.7

Prestige Estates Projects Ltd.

01 Jun 2022

1668.60

-1.18%

Success of new Mumbai launches key

Buy: Prestige Estates Projects ...

ICICI Securities Limited

Prestige Estates Projects (PEPL) has reported 90% YoY growth in FY22 gross sales bookings to Rs103.8bn led by record new launches of 16.8msf in South India. As per PEPL management, the company has done an official launch of three Mumbai projects (Mulund/Byculla/Bandra) spread across 8msf in May’22 which have met with strong response and with large planned launches in Noida/Chennai in FY23.

Prestige Estates Pro.. has an average target of 2059.00 from 3 brokers.

Prestige Estates Projects Ltd.

10 Jul 2021

1668.60

-1.18%

PRESTIGE ESTATE

Accumulate: Prestige Estates Projects ...

Hem Securities

The management stated that 1QFY22 will be a lockdown quarter. It highlighted that efforts from the company's sales team towards selling units digitally are in full swing and it remains optimistic about recovery in demand. Cash flows remained healthy at Rs.1,767.6 cr, up 32.0% YoY in 4QFY21....

Axis Direct released a Buy report for Prestige Estates Projects Ltd. with a price target of 2000.0 on 14 Nov, 2025.

Prestige Estates Projects Ltd.

01 Dec 2020

1668.60

-1.18%

Ashika - Stock Picks - Prestige Estate Projects Ltd. - December 2020

Buy: Prestige Estates Projects ...

Ashika Research

one of the largest real estate developers in India. PEPL has delivered 247 world-class projects spanning 134 mn sqft, predominantly in South India and is now expanding to other geographical regions. Currently PEPL...

Number of FII/FPI investors decreased from 598 to 581 in Sep 2025 qtr

Prestige Estates Projects Ltd.

28 Jan 2020

1668.60

-1.18%

Prestige Estates Projects (3QFY20): Going all out. Maintain NEUTRAL

Neutral: Prestige Estates Projects ...

Target

HDFC Securities

PEPL is going all out (1) On building lease assets & (2) Increasing Non-South exposure with JV/JD tie ups. It's banking on the consolidation theme and picking up distressed projects in non-south markets. Large capex outlays on new lease assets will be cash flow dilutive over next 3-4yrs and requires timely funding from existing lease assets monetization and deployment of capital in cash flow dilutive under construction projects. Office assets under construction/upcoming launches of 15/25mn sqft are aggressive with overall office portfolio expected to increase from 10mn sqft to 50mn sqft over next 5-6yrs. We retain NEU with increased (new leases addition) TP of Rs 358/sh. We maintain NEU on PEPL with SOTP of Rs 358/sh (vs. Rs 348/sh earlier). We have increased our FY20/21E EPS estimates by 35%/18.9% to factor in better than expected deliveries in residential projects. PEPL posted strong 3QFY20 results.

Prestige Estates Pro.. has an average target of 2059.00 from 3 brokers.

Prestige Estates Projects Ltd.

03 Aug 2019

1668.60

-1.18%

Prestige Estates Projects (1QFY20): Deleveraging key for re-rating. Maintain NEUTRAL

Neutral: Prestige Estates Projects ...

HDFC Securities

Despite an encouraging quarter on collections, PEPL has seen further debt built up (due to asset portfolio stake consolidation), posing a challenge for the management in achieving optimal leverage. Further pending capex includes Rs 13bn/4-5bn for Office and Retail/ Hospitality respectively. One of the few positives is that ~60% of debt is backed either by annuity or by rental securitization/ bill discounting. Launches were largely tilted towards commercial projects. Asset stake sale is key for further re-rating. Retain NEU with Rs 286/sh TP. We maintain NEU on Prestige Estate (PEPL) owing to muted presales, increasing debt and limited visibility on asset monetization. Our SOTP based TP is Rs 286/sh. We remain constructive on leasing business and cap rate compression in declining interest rate scenario will cap valuation downside.

Axis Direct released a Buy report for Prestige Estates Projects Ltd. with a price target of 2000.0 on 14 Nov, 2025.

Prestige Estates Projects Ltd.

29 May 2019

1668.60

-1.18%

Prestige Estates Projects (4QFY19): Debt pile-up a concern. Maintain NEUTRAL

Neutral: Prestige Estates Projects ...

Recommendation Target

HDFC Securities

Despite strong pre- sales, Prestige has seen debt building up. Further pending capex includes Rs 15/3bn for Office and Retail/ Hospitality respectively. With ~Rs 7.5-10bn outlay expected over the next 12-15 months on JDAs/ JVs, we remain concerned. The only solace is ~56% of debt is backed either by annuity or by rental securitization/ bill discounting. The stock has run up 39% over the past 3 months. Maintain NEU with TP of Rs 286/sh. Key risks (1) Further increase in debt, (2) Delays in asset monetization, (3) High unsold inventory We maintain NEU owing to rich valuations. Our SOTP based TP stands reduced to Rs 286/sh (vs Rs 292 earlier). We have reduced FY20/21E EPS by 27/17% to factor in higher depreciation on asset capex and higher financing costs.

Axis Direct released a Buy report for Prestige Estates Projects Ltd. with a price target of 2000.0 on 14 Nov, 2025.

Is Prestige Estates Projects Ltd. worth buying?

160 Votes:

Buy 80.62%

Sell 12.5%

Hold 6.88%

RESEARCH REPORTS

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