Prestige Estates Projects Limited (PRESTIGE.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-423.5%

-₹4,934.47

vs ₹1,525.50 price

Levered DCF

-₹3,087.31

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

—

Rating

C-

Overall 1 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	40.58×	101.64×	36.96×	17.16×	17.21×	4.4×	15.82×	21.77×
P/B	2.98×	3.18×	4.5×	1.62×	2.18×	1.53×	1.19×	2.14×
P/S	3.68×	6.68×	6.45×	1.94×	3.1×	1.69×	0.79×	1.75×
EV / EBITDA	15.18×	23.23×	24.59×	11.55×	16.16×	7.47×	6.74×	11.56×
Gross margin	47.5%	81.3%	64.8%	50.4%	48.8%	40.1%	45.1%	49.1%
Operating margin	25.1%	67.2%	53.4%	41.3%	41.7%	33.4%	38.3%	39.8%
Net margin	9.1%	6.4%	17.4%	11.3%	18.0%	38.4%	5.0%	8.0%
Current ratio	0.86×	1.25×	1.19×	1.12×	1.23×	0.97×	0.9×	0.89×
Debt / equity	1.09×	0.85×	1.19×	0.94×	0.8×	0.59×	1.92×	2.01×
Interest coverage	2.09×	3.7×	3.55×	4.25×	5.18×	2.54×	3.18×	2.99×
Dividend yield	0.2%	0.2%	0.1%	0.4%	0.3%	0.0%	2.2%	0.6%
Payout ratio	6.5%	16.6%	4.4%	6.4%	5.2%	0.0%	34.8%	13.1%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	7.3%	3.0%	12.2%	9.4%	12.6%	34.8%	7.5%	9.8%
Return on invested capital	3.4%	13.5%	12.4%	12.8%	12.3%	18.7%	12.6%	147.6%
Return on assets	1.6%	0.8%	2.8%	2.6%	3.8%	10.4%	1.4%	1.4%
Free cash flow yield	-1.4%	-4.7%	-1.2%	-0.7%	-0.7%	9.0%	10.7%	-0.0%
Earnings yield	2.5%	1.0%	2.7%	5.8%	5.8%	22.7%	6.3%	4.6%
Enterprise value	₹637.9B	₹598.9B	₹619.8B	₹241.3B	₹249.8B	₹146.6B	₹159B	₹168.8B
Net debt / EBITDA	3.64×	4.18×	4.44×	3.81×	3.35×	1.23×	4.03×	5.37×
Cash conversion cycle (days)	3	-321	3,160	1,216	1,270	817	906	1,781