Prestige Estates Projects Limited, established in 1986, develops real estate for residential and commercial purposes. The company has its headquarters in Bengaluru and will come up with its upcoming projects in Bengaluru, Chennai, Hyderabad, and Kochi. It also has a few hospitality locations to its name.
On 17 January 2022, the market capitalisation of the company was Rs 17,818.32 crore. It reported consolidated sales of Rs 4,559 crore at the end of March 2022. During FY 2022 – 2023, the company reported an operating profit of Rs 828 crore. The company’s ROE was 4.27. The company is listed on the Bombay Stock Exchange with the code 533274 and the National Stock Exchange with the code PRESTIGE.
On 30 September 2022, the company’s shareholding pattern indicated a promoter stake of 65.48%, foreign institutional investors had no stake, mutual funds and DIIs held a consolidated stake of 8.1%, and the public held 26.4% of the company. The company’s shareholding pattern has remained largely consistent over the past year, with the exception that the public stake has increased over time.
The company’s board of directors comprises Irfan Razack, Noaman Razack, Biji George Koshy, Jagdeesh K Reddy, Neelam Chhiber, Noor Ahmed Jaffer, Pangal Ranganath Nayak, Uzma Irfan, and others. The auditors of the company are S R Batliboi & Associates LLP. On 30 September 2022, the company had a total of 40.09 crore shares outstanding.
On 17 January 2023, Prestige Estates Projects share price on BSE was Rs 445.20 and Rs 445.70 on NSE. The share price touched a 52-week high of Rs 554.20 and a 52-week low of Rs 379.10. Its three-month return to investors was 2.81%, while its one-year return was -13.3%.
On November 2022, Nippon India Growth Direct-G had invested Rs 172.77 crore in the company, while HDFC Taxsaver Direct-G and Mirae Asset Emerging Bluechip Fund Direct Growth had invested Rs 158.64 and Rs 126.87 crore, respectively.
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