Prestige Estates is a leading real estate company in India, known for its high-quality residential and commercial projects. The company’s share price has been on a steady rise over the years, making it an attractive option for investors looking to enter the real estate sector.
In this article, we will explore the Prestige Estates share price target for the period 2024 to 2030, and determine whether it is a good auto stock to buy.
Through a careful analysis of market trends, economic indicators, and the company’s financial performance, we aim to provide a comprehensive overview of the prospects of Prestige Estates.
Stock history of Prestige Estates
Prestige Estates’ stock history can be traced back to its initial public offering (IPO) in 2006 when it was listed on the National Stock Exchange of India. Since then, it has experienced several ups and downs in its stock price, as the real estate sector has faced both periods of growth and decline.
In 2012, the company underwent a major restructuring, which included a buyback of shares, a debt reduction program, and the launch of several new projects. This led to a surge in the stock price, which has generally been trending upwards since then. In 2017, the company made its foray into the hospitality sector with the launch of a new hotel chain, and this has further boosted investor sentiment in the stock.
Overall, Prestige Estates has seen a steady increase in its stock price over the past few years, making it a popular choice for investors looking to invest in the real estate sector.
You can buy shares from the following trading platforms:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| March 2024 | 1,262.52 | 1,097.84 |
| April 2024 | 1,225.75 | 1,065.87 |
| May 2024 | 1,207.63 | 1,050.12 |
| June 2024 | 1,251.11 | 1,087.92 |
| July 2024 | 1,238.60 | 1,077.04 |
| August 2024 | 1,288.14 | 1,120.12 |
| September 2024 | 1,339.67 | 1,164.93 |
| October 2024 | 1,313.40 | 1,142.09 |
| November 2024 | 1,352.80 | 1,176.35 |
| December 2024 | 1,386.62 | 1,205.76 |
In March 2024, Prestige Estates shares are projected to fluctuate between ₹1,097.84 and ₹1,262.52. Over the year, the price is expected to rise gradually, hitting a peak of ₹1,386.62 in December 2024.
With a Market Cap of ₹46,847 Cr., the current price stands at ₹1,169 as of March 2nd, 2024, with a high/low range of ₹1,440/₹392. The stock’s P/E ratio is 27.7, book value is ₹275, and dividend yield is 0.13%
| When | Maximum Price | Minimum Price |
| January 2025 | 1,414.35 | 1,087.96 |
| February 2025 | 1,450.62 | 1,115.86 |
| March 2025 | 1,507.19 | 1,159.38 |
| April 2025 | 1,477.64 | 1,136.65 |
| May 2025 | 1,434.60 | 1,103.54 |
| June 2025 | 1,499.16 | 1,153.20 |
| July 2025 | 1,469.76 | 1,130.59 |
| August 2025 | 1,515.22 | 1,165.55 |
| September 2025 | 1,568.25 | 1,206.35 |
| October 2025 | 1,609.03 | 1,237.71 |
| November 2025 | 1,649.25 | 1,268.66 |
| December 2025 | 1,690.48 | 1,300.37 |
In 2025, Prestige Estates shares are anticipated to experience steady growth, reaching a peak of ₹1,690.48 in December.
| When | Maximum Price | Minimum Price |
| January 2026 | 1,741.20 | 1,339.38 |
| February 2026 | 1,785.84 | 1,373.73 |
| March 2026 | 1,855.49 | 1,427.30 |
| April 2026 | 1,819.11 | 1,399.32 |
| May 2026 | 1,766.13 | 1,358.56 |
| June 2026 | 1,845.60 | 1,419.69 |
| July 2026 | 1,809.41 | 1,391.86 |
| August 2026 | 1,865.38 | 1,434.90 |
| September 2026 | 1,930.66 | 1,485.13 |
| October 2026 | 1,980.86 | 1,523.74 |
| November 2026 | 2,030.38 | 1,561.83 |
| December 2026 | 2,081.14 | 1,600.88 |
In 2026, Prestige Estates shares are expected to continue their upward trajectory, with prices ranging from a minimum of ₹1,339.38 in January to a maximum of ₹2,081.14 in December, indicating consistent growth throughout the year.
| When | Maximum Price | Minimum Price |
| January 2027 | 2,122.76 | 1,632.90 |
| February 2027 | 2,177.19 | 1,674.76 |
| March 2027 | 2,262.11 | 1,740.08 |
| April 2027 | 2,217.75 | 1,705.96 |
| May 2027 | 2,153.16 | 1,656.27 |
| June 2027 | 2,250.05 | 1,730.81 |
| July 2027 | 2,205.93 | 1,696.87 |
| August 2027 | 2,274.15 | 1,749.35 |
| September 2027 | 2,353.75 | 1,810.58 |
| October 2027 | 2,414.95 | 1,857.65 |
| November 2027 | 2,475.32 | 1,904.09 |
| December 2027 | 2,537.20 | 1,951.69 |
| When | Maximum Price | Minimum Price |
| January 2028 | 2,587.95 | 1,990.73 |
| February 2028 | 2,654.30 | 2,041.77 |
| March 2028 | 2,757.82 | 2,121.40 |
| April 2028 | 2,703.75 | 2,079.81 |
| May 2028 | 2,625.00 | 2,019.23 |
| June 2028 | 2,743.12 | 2,110.09 |
| July 2028 | 2,689.34 | 2,068.72 |
| August 2028 | 2,772.51 | 2,132.70 |
| September 2028 | 2,869.55 | 2,207.35 |
| October 2028 | 2,944.16 | 2,264.74 |
| November 2028 | 3,017.76 | 2,321.35 |
| December 2028 | 3,093.21 | 2,379.39 |
| When | Maximum Price | Minimum Price |
| January 2029 | 3,155.07 | 2,426.98 |
| February 2029 | 3,235.97 | 2,489.21 |
| March 2029 | 3,362.17 | 2,586.29 |
| April 2029 | 3,296.25 | 2,535.57 |
| May 2029 | 3,200.24 | 2,461.72 |
| June 2029 | 3,344.25 | 2,572.50 |
| July 2029 | 3,278.68 | 2,522.06 |
| August 2029 | 3,380.08 | 2,600.06 |
| September 2029 | 3,498.38 | 2,691.06 |
| October 2029 | 3,589.34 | 2,761.03 |
| November 2029 | 3,679.07 | 2,830.06 |
| December 2029 | 3,771.05 | 2,900.81 |
| When | Maximum Price | Minimum Price |
| January 2030 | 3,846.47 | 2,958.82 |
| February 2030 | 3,945.10 | 3,034.69 |
| March 2030 | 4,098.96 | 3,153.04 |
| April 2030 | 4,018.59 | 3,091.22 |
| May 2030 | 3,901.54 | 3,001.18 |
| June 2030 | 4,077.11 | 3,136.24 |
| July 2030 | 3,997.17 | 3,074.74 |
| August 2030 | 4,120.79 | 3,169.84 |
| September 2030 | 4,265.02 | 3,280.78 |
| October 2030 | 4,375.91 | 3,366.08 |
| November 2030 | 4,485.30 | 3,450.23 |
| December 2030 | 4,597.44 | 3,536.49 |
Financial Condition of Prestige Estates: Last 5 years
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Sales (Rs. Crores) | 5,172 | 8,125 | 7,242 | 6,390 | 8,315 |
| Expenses (Rs. Crores) | 3,718 | 5,769 | 5,308 | 4,872 | 6,227 |
| Operating Profit (Rs. Crores) | 1,454 | 2,356 | 1,934 | 1,517 | 2,088 |
| Other Income (Rs. Crores) | 232 | 161 | 3,036 | 1,018 | 780 |
| Interest (Rs. Crores) | 723 | 1,023 | 979 | 555 | 807 |
| Depreciation (Rs. Crores) | 323 | 667 | 593 | 471 | 647 |
| Profit Before Tax (Rs. Crores) | 640 | 827 | 3,398 | 1,509 | 1,414 |
| Net Profit (Rs. Crores) | 442 | 549 | 2,878 | 1,215 | 1,067 |
| EPS (Rs.) | 11.08 | 10.06 | 69.41 | 28.69 | 23.49 |
| Dividend Payout % | 14% | 15% | 2% | 5% | 6% |
Over the last five years, Prestige Estates has witnessed fluctuations in its financial performance. Sales surged from ₹5,172 crores in 2019 to ₹8,315 crores in 2023, indicating overall growth. However, expenses also rose, reflecting increased operational costs from ₹3,718 crores to ₹6,227 crores during the same period. Despite this, the company maintained a healthy operating profit, with peaks in 2020 and 2023 at ₹2,356 crores and ₹2,088 crores, respectively. Other income notably spiked in 2021 to ₹3,036 crores, significantly contributing to the overall profit.
However, interest payments increased over the years, potentially affecting the bottom line. Net profit varied, reaching its highest at ₹2,878 crores in 2021 but declining slightly thereafter. Earnings per share (EPS) also showed fluctuations, with a significant jump in 2021 to ₹69.41 before tapering off in subsequent years. The dividend payout percentage remained relatively stable, demonstrating the company’s commitment to returning value to shareholders despite varying financial conditions.
HDFC Securities recommends purchasing Prestige Estates Projects with a target price of Rs 1390.
FAQS
Is Prestige Estates a profitable company?
Yes, Prestige Estates’s financials look great. They generate positive revenue and profit. Compounded profit growth for the last 3 years is 25%.
It is anticipated that Prestige Estates’ share price will increase to ₹1,386.62 by the end of 2024.
The share price target of Prestige Estates for 2025 might be around ₹1,690.48.
The per-share price of Prestige Estates might reach around ₹4,597.44 by the end of 2030. This indicates that the company’s stock is likely to remain in demand, driven by favorable market conditions and its consistent performance.
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Concluding Remarks: Evaluating Prestige Estates’ Outlook
In the realm of Indian real estate, Prestige Estates stands out as a resilient force, renowned for its consistent delivery of premium residential and commercial projects. Despite encountering market fluctuations, the company has showcased unwavering growth, underpinned by its strong financial performance and strategic endeavors.
With HDFC Securities setting a target price of Rs 1390 and optimistic projections extending to 2030, Prestige Estates emerges as an enticing investment opportunity, poised to offer long-term value in the ever-evolving real estate sector. Investors can anticipate sustained growth and profitability, backed by Prestige Estates’ solid track record and forward-thinking strategies, positioning the company as a frontrunner in India’s dynamic real estate landscape.
What did we learn?
- 1 Stock history of Prestige Estates
- 2 How to buy Prestige Estates shares?
- 3 Share Price Prediction of Prestige Estates: 2024 to 2030
- 3.1 Prestige Estates Share Price Target 2024
- 3.2 Prestige Estates Share Price Target 2025
- 3.3 Prestige Estates Share Price Target 2026
- 3.4 Prestige Estates Share Price Target 2027
- 3.5 Prestige Estates Share Price Target 2028
- 3.6 Prestige Estates Share Price Target 2029
- 3.7 Prestige Estates Share Price Target 2030
- 4 Financial Condition of Prestige Estates: Last 5 years
- 5 Prestige Estates share price target by HDFC Securities
- 6 FAQS
- 7 Concluding Remarks: Evaluating Prestige Estates’ Outlook
