Prestige Estates Projects has a diversified business model across various segments: Residential, Office, Retail, Hospitality, Property Management, and Warehouses, with operations in more than 12 major locations in India. 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.
The company stands as one of India's most prominent real estate developers, with 59 projects under development across 101 million sq ft and 65 projects under planning across 96 million sq ft area. The company has completed more than 281 real estate projects of over 167 million sq. ft. With a strong foundation built over nearly four decades, Prestige has established itself as a trusted name in the Indian real estate sector.
The market capitalization of Prestige Estates Projects Ltd (PRESTIGE) is ₹75,317.49 Crore as of June 26, 2025. Promoter Holding: 60.9% reflects strong promoter confidence in the company's prospects.
The company's financial performance for FY25 shows mixed results. For the full year, net profit declined 65.98% to ₹467.50 Crore in the year ended March 2025, as against ₹1,374.10 Crore during the previous year ended March 2024. Sales declined 6.70% to ₹7,349.40 Crore in the year ended March 2025, as against ₹7,877.10 Crore during the previous year ended March 2024.
Key financial highlights include:
* Revenue FY25: ₹7,349 Crore (declined 6.70% YoY)
* Net Profit FY25: ₹467.50 Crore (declined 65.98% YoY)
* Q4 FY25 Net Profit: ₹25 Crore (declined 82.14% YoY)
* Q4 FY25 Sales: ₹1,528.40 Crore (declined 29.37% YoY)
The P/E (price-to-earnings) ratio of Prestige Estates Projects Ltd (PRESTIGE) is 161.11. The P/B (price-to-book) ratio is 6.38.
Residential: The company has completed 150 residential projects comprising a total area of 127 million sq. ft. Currently, it has 37 ongoing projects for 65 million sq ft and 30 projects under the planning stage for 75 million sq ft. Its residential product line comprises townships, apartments, mansions, luxury villas, row houses, plotted development, golf projects, and affordable housing.
Commercial Offices: The company has completed 125 office projects comprising a total area of 50 million sq. ft. Under this segment, it currently has 12 ongoing projects for 23 million sq ft and has 7 projects under the planning stage across 8 million sq ft. It develops modern and smart offices across various Indian metro cities.
Retail: The company has completed 13 retail projects comprising a total area of 10 million sq. ft. Under this segment, it currently has 1 ongoing project for 1 million sq ft. It builds and operates hotels by collaborating with various hospitality brands, such as JW Marriott, Sheraton Grand, and Conrad by Hilton.
Prestige Group has its presence across several metro cities with a series of world-class upcoming projects in Bangalore, Mumbai, Delhi-NCR, Hyderabad, Chennai, Kochi, Goa, and Mangalore. Prestige Group, one of the leading real estate developers in the country, has a diversified business model across various segments – residential, office, retail, hospitality, property management, and warehouses – with operations in more than 13 major locations.
During the 2023-24 fiscal year, Prestige Estates clocked record sales booking of ₹21,040 Crore. Prestige Estates' sales bookings have declined 38% to ₹10,065.7 Crore during the April-December period of this fiscal year, as it launched a lesser number of housing projects due to delays in regulatory approvals.
In its latest investor presentation, Prestige Estates has mentioned that the company plans to launch multiple projects in Bengaluru, Hyderabad, Chennai, Goa, and Delhi-NCR comprising more than 53 million sq ft area with a total sales bookings value of ₹52,114 Crore. According to a transcript of the company's discussion with market analysts, Bengaluru-based Prestige Estates Executive Director Zayd Noaman said the company will launch "a total of ₹30,000 Crore worth of inventory" in this quarter. "We are saying this with utmost confidence as most of these projects have been logged in for RERA and should be launched in the next few weeks," he added.
According to a transcript of a conference call with analysts, Prestige Estates CMD Irfan Razack expressed confidence that the company will be able to meet its sales bookings guidance for this fiscal year at ₹24,000 Crore. According to its latest investor presentation, the company sold 8.09 million (80.9 lakh) sq ft area at an average sales realization of ₹13,128 per sq ft during the first nine months of the 2024-25 fiscal year.
Prestige Group has announced a phenomenal response to its first residential launch in the NCR region, The Prestige City, Indirapuram, achieving sales of over ₹3,000 Crore across 1,200 units within a week of its launch. Spread across 62.5 acres in Indirapuram Extension on National Highway 24, The Prestige City, Indirapuram offers a world-class integrated living experience. The current launch covered two residential phases, Oakwood and Mulberry, featuring a total of 3,421 homes across 19 towers.
89.47% of analysts recommend a 'BUY' rating for Prestige Estates Projects Ltd. An average target price of ₹1,759.05 demonstrates strong confidence from the investment community despite recent financial challenges. The company's diversified portfolio, strong brand presence, and robust project pipeline position it well for future growth as the Indian real estate market continues to expand.
