WEBSITE BSE:530695 NSE: PRIME PROP Inc. Year: 1992 Industry: Construction - Real Estate My Bucket: Add Stock
Last updated: 11:31
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1. Business Overview
Prime Property Development Corporation Ltd. operates in the construction and real estate sector in India. Its core business involves the acquisition, development, and sale of various types of properties. The company's business model typically includes identifying and acquiring land parcels, obtaining necessary regulatory approvals, designing and planning projects (which may include residential apartments, villas, commercial office spaces, or retail establishments), managing construction, and finally marketing and selling the developed units to customers. The company primarily generates revenue through the sale of these developed properties.
2. Key Segments / Revenue Mix
Without specific company data, typical revenue segments for a real estate developer in India include:
Residential: Development and sale of apartments, independent houses, and plotted developments.
Commercial: Development and leasing/sale of office spaces, business parks, and IT parks.
Retail/Mixed-Use: Development of shopping malls, high street retail, and integrated mixed-use projects.
Contribution percentages for these segments are not available for Prime Property Development Corporation Ltd.
3. Industry & Positioning
The Indian real estate sector is highly fragmented, characterized by a large number of local and regional players alongside a few large national developers. It is a capital-intensive industry, cyclical in nature, and subject to significant regulatory oversight. Given the company's name and general nature, Prime Property Development Corporation Ltd. would be positioned as a player within this competitive landscape, likely focusing on specific geographic regions or property types. Its exact market share or ranking against peers cannot be determined without specific operational data.
4. Competitive Advantage (Moat)
Without specific information, it is difficult to determine if Prime Property Development Corporation Ltd. possesses a strong, durable competitive advantage. Potential moats in the real estate sector include:
Brand Reputation: A strong brand built on trust, quality, and timely delivery can attract buyers and command premium pricing.
Land Bank: Ownership of prime land parcels in strategic, high-demand locations.
Execution Capability & Efficiency: Proven ability to complete projects on time and within budget, ensuring quality.
Financial Strength: Access to capital at favorable rates and a strong balance sheet to navigate cyclical downturns.
The presence of such advantages for Prime Property Development Corporation Ltd. is not confirmed.
5. Growth Drivers
Key factors that can drive growth for Prime Property Development Corporation Ltd. over the next 3-5 years include:
Urbanization and Population Growth: Continued migration to urban centers fuels demand for housing and commercial spaces.
Rising Disposable Incomes: Increasing affluence among the middle and upper-middle classes supports property buying.
Government Initiatives: Policies promoting affordable housing, infrastructure development, and smart cities can boost demand and sentiment.
Favorable Interest Rate Environment: Lower home loan interest rates make property more accessible and affordable.
Investment in Infrastructure: Improved connectivity and public amenities enhance the attractiveness of new developments.
REITs and Institutional Investment: Growing interest from institutional investors and the development of REITs can provide liquidity and funding.
6. Risks
Prime Property Development Corporation Ltd. faces several business risks:
Cyclicality: The real estate market is highly cyclical and sensitive to economic slowdowns, interest rate changes, and investor sentiment.
Regulatory & Approval Delays: Complex and evolving regulatory environment (e.g., RERA, environmental clearances) can cause project delays and cost overruns.
Land Acquisition Challenges: Difficulty in acquiring suitable land parcels at reasonable prices, along with legal disputes.
Funding & Liquidity Risk: High capital requirements, reliance on debt funding, and potential for liquidity crunches, especially in a downturn.
Market Risk: Inability to sell units at projected prices or within expected timelines due to oversupply or weak demand.
Execution Risk: Construction delays, quality issues, cost escalations, and labor availability challenges.
Competition: Intense competition from numerous organized and unorganized players impacting pricing and sales.
7. Management & Ownership
Specific details regarding the promoters, management quality, and ownership structure of Prime Property Development Corporation Ltd. are not available. In many Indian companies, a significant portion of ownership and control often resides with promoter families or founding groups, who also tend to lead the management. The company's future trajectory would depend significantly on the vision, execution capabilities, and corporate governance standards set by its leadership.
8. Outlook
The outlook for Prime Property Development Corporation Ltd. is contingent on its ability to navigate the dynamic Indian real estate market. The sector benefits from strong underlying demand drivers like urbanization, a growing middle class, and supportive government policies aimed at infrastructure development and housing. However, the company operates within a highly competitive and cyclical industry, vulnerable to economic fluctuations, rising interest rates, and evolving regulatory landscapes. Success will depend on prudent land acquisition strategies, efficient project execution, effective financial management, and a strong brand reputation for quality and timely delivery. The company's ability to differentiate itself and manage its capital structure will be crucial for sustainable growth.
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Market Cap ₹37 Cr.
Stock P/E 13.9
P/B 0.5
Current Price ₹22
Book Value ₹ 48.6
Face Value 5
52W High ₹47
Dividend Yield 0%
52W Low ₹ 15.4
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 26 | 8 | 21 | 0 | 0 | 8 | 0 | 0 | 0 | 0 |
| Other Income | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 2 |
| Total Income | 26 | 9 | 21 | 1 | 1 | 8 | 1 | 1 | 2 | 2 |
| Total Expenditure | 22 | 7 | 17 | 1 | 1 | 4 | 1 | 1 | 1 | 1 |
| Operating Profit | 5 | 1 | 4 | 0 | 0 | 5 | -0 | 0 | 1 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 5 | 1 | 4 | 0 | -0 | 5 | 0 | 0 | 1 | 1 |
| Provision for Tax | 0 | 0 | 2 | 0 | 0 | 1 | 1 | 0 | 0 | 0 |
| Profit After Tax | 5 | 1 | 1 | 0 | -0 | 3 | -1 | 0 | 1 | 1 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -0 | -0 |
| Profit After Adjustments | 5 | 1 | 1 | 0 | -0 | 3 | -1 | 0 | 1 | 1 |
| Adjusted Earnings Per Share | 2.8 | 0.7 | 0.9 | 0.1 | -0 | 2 | -0.6 | 0 | 0.6 | 0.6 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 25 | 0 | 48 | 9 | 7 | 4 | 0 | 0 | 0 | 56 | 8 | 0 |
| Other Income | 3 | 3 | 5 | 1 | 1 | 1 | 2 | 1 | 4 | 1 | 3 | 6 |
| Total Income | 28 | 3 | 53 | 10 | 8 | 4 | 2 | 1 | 4 | 57 | 11 | 6 |
| Total Expenditure | 20 | 2 | 19 | 4 | 3 | 3 | 24 | 6 | 3 | 47 | 6 | 4 |
| Operating Profit | 8 | 1 | 34 | 6 | 4 | 2 | -21 | -4 | 1 | 10 | 5 | 2 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Exceptional Income / Expenses | -3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 5 | 1 | 34 | 6 | 4 | 1 | -21 | -5 | -0 | 9 | 5 | 2 |
| Provision for Tax | 4 | 1 | 13 | 1 | 1 | 0 | -0 | 0 | -6 | 2 | 2 | 1 |
| Profit After Tax | 1 | 0 | 21 | 5 | 3 | 1 | -21 | -5 | 6 | 7 | 3 | 1 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | 1 | 0 | 21 | 5 | 3 | 1 | -21 | -5 | 6 | 7 | 3 | 1 |
| Adjusted Earnings Per Share | 0.7 | 0.3 | 12.6 | 2.7 | 1.7 | 0.8 | -12.4 | -2.9 | 3.6 | 3.8 | 1.6 | 0.6 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | -86% | 0% | 15% | -11% |
| Operating Profit CAGR | -50% | 0% | 20% | -5% |
| PAT CAGR | -57% | 0% | 25% | 12% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -44% | 13% | 19% | 2% |
| ROE Average | 3% | 7% | -2% | 3% |
| ROCE Average | 6% | 6% | -3% | 5% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 66 | 65 | 84 | 88 | 89 | 91 | 70 | 65 | 71 | 78 | 80 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 5 | 3 | 4 | 5 | 5 | 2 | 2 | 2 | -4 | -4 | -3 |
| Total Current Liabilities | 9 | 8 | 16 | 5 | 2 | 2 | 1 | 1 | 8 | 4 | 16 |
| Total Liabilities | 80 | 76 | 104 | 98 | 96 | 95 | 72 | 68 | 75 | 77 | 93 |
| Fixed Assets | 28 | 28 | 28 | 28 | 28 | 28 | 28 | 29 | 4 | 4 | 4 |
| Other Non-Current Assets | 14 | 14 | 66 | 67 | 66 | 66 | 26 | 38 | 15 | 13 | 10 |
| Total Current Assets | 38 | 34 | 10 | 3 | 2 | 1 | 19 | 1 | 55 | 60 | 79 |
| Total Assets | 80 | 76 | 104 | 98 | 96 | 95 | 72 | 68 | 75 | 77 | 93 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 4 | 0 | 0 | 1 | 1 | 1 | 2 | 1 | 2 | 1 |
| Cash Flow from Operating Activities | 6 | -5 | 1 | 2 | 1 | -1 | 1 | -1 | -0 | -2 | 4 |
| Cash Flow from Investing Activities | 3 | 3 | 1 | 0 | 0 | 0 | 1 | -0 | 1 | 1 | 3 |
| Cash Flow from Financing Activities | -6 | -2 | -2 | -2 | -2 | 0 | 0 | -0 | -0 | -0 | -0 |
| Net Cash Inflow / Outflow | 4 | -4 | 0 | 1 | -0 | -0 | 2 | -1 | 1 | -1 | 7 |
| Closing Cash & Cash Equivalent | 4 | 0 | 0 | 1 | 1 | 1 | 2 | 1 | 2 | 1 | 8 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0.71 | 0.26 | 12.63 | 2.7 | 1.69 | 0.81 | -12.43 | -2.87 | 3.65 | 3.84 | 1.59 |
| CEPS(Rs) | 0.79 | 0.35 | 12.72 | 2.79 | 1.74 | 0.86 | -12.38 | -2.68 | 3.89 | 4.08 | 1.65 |
| DPS(Rs) | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Book NAV/Share(Rs) | 39.05 | 38.11 | 49.22 | 51.9 | 52.61 | 53.46 | 41.07 | 38.26 | 41.97 | 45.83 | 47.43 |
| Core EBITDA Margin(%) | 18.58 | 0 | 61.47 | 60.29 | 55.54 | 25.85 | 0 | 0 | 0 | 15.62 | 27.24 |
| EBIT Margin(%) | 20.25 | 0 | 70.63 | 64.53 | 62.19 | 40.18 | 0 | 0 | 0 | 16.67 | 62.5 |
| Pre Tax Margin(%) | 20.22 | 0 | 70.5 | 64.04 | 60.69 | 38.32 | 0 | 0 | 0 | 15.99 | 61.87 |
| PAT Margin (%) | 4.76 | 0 | 44.25 | 50.91 | 41.09 | 37.86 | 0 | 0 | 0 | 11.71 | 34.5 |
| Cash Profit Margin (%) | 5.36 | 0 | 44.55 | 52.61 | 42.23 | 40.19 | 0 | 0 | 0 | 12.43 | 35.75 |
| ROA(%) | 1.49 | 0.57 | 23.75 | 4.54 | 2.97 | 1.44 | -25.27 | -6.92 | 8.64 | 8.55 | 3.16 |
| ROE(%) | 1.72 | 0.69 | 28.93 | 5.34 | 3.24 | 1.53 | -26.3 | -7.24 | 9.09 | 8.74 | 3.4 |
| ROCE(%) | 7.31 | 1.83 | 46.17 | 6.77 | 4.91 | 1.62 | -26.4 | -6.76 | 0.2 | 11.91 | 6.14 |
| Receivable days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Inventory Days | 243.02 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 306.52 | 2031.04 |
| Payable days | 7.89 | 0 | 4.14 | 0 | 0 | 220.03 | 0 | 0 | 0 | 4.59 | 30.06 |
| PER(x) | 31.54 | 82.3 | 2.53 | 10.91 | 13.54 | 11.82 | 0 | 0 | 2.56 | 7.29 | 25.24 |
| Price/Book(x) | 0.57 | 0.57 | 0.65 | 0.57 | 0.44 | 0.18 | 0.19 | 0.36 | 0.22 | 0.61 | 0.84 |
| Dividend Yield(%) | 4.49 | 4.59 | 3.13 | 3.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EV/Net Sales(x) | 1.35 | 0 | 1.11 | 5.44 | 5.44 | 4.25 | 0 | 0 | 0 | 0.85 | 7.76 |
| EV/Core EBITDA(x) | 4.23 | 27.43 | 1.57 | 8.21 | 8.59 | 9.98 | -0.53 | -5.37 | 37.17 | 4.86 | 12.17 |
| Net Sales Growth(%) | 402.4 | -100 | 0 | -81.45 | -22.13 | -48.29 | -100 | 0 | 0 | 0 | -85.96 |
| EBIT Growth(%) | 68.83 | -76.5 | 2756.41 | -83.03 | -25.04 | -66.49 | -1551.6 | 78.4 | 103.1 | 6434.64 | -47.37 |
| PAT Growth(%) | -68.03 | -62.45 | 4669.84 | -78.63 | -37.23 | -52.21 | -1635.05 | 76.91 | 227.06 | 5.23 | -58.64 |
| EPS Growth(%) | -62.32 | -62.45 | 4669.11 | -78.63 | -37.23 | -52.22 | -1635.1 | 76.91 | 227.07 | 5.23 | -58.64 |
| Debt/Equity(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.01 | 0.09 | 0.01 | 0 |
| Current Ratio(x) | 4.14 | 4.11 | 0.6 | 0.57 | 0.84 | 0.6 | 26.31 | 0.95 | 6.78 | 15.28 | 4.92 |
| Quick Ratio(x) | 2.82 | 2.59 | 0.6 | 0.57 | 0.84 | 0.6 | 26.31 | 0.95 | 0.27 | 4.98 | 2.03 |
| Interest Cover(x) | 584.21 | 58.27 | 563.1 | 129.87 | 41.36 | 21.55 | -104.01 | -16.49 | 0.83 | 24.61 | 98.41 |
| Total Debt/Mcap(x) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.03 | 0.4 | 0.01 | 0 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 72.57 | 72.57 | 72.57 | 72.57 | 72.57 | 72.81 | 72.81 | 72.81 | 72.81 | 72.81 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 27.43 | 27.43 | 27.43 | 27.43 | 27.43 | 27.19 | 27.19 | 27.19 | 27.19 | 27.19 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 1.23 | 1.23 | 1.23 | 1.23 | 1.23 | 1.24 | 1.24 | 1.24 | 1.24 | 1.24 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.47 | 0.47 | 0.47 | 0.47 | 0.47 | 0.46 | 0.46 | 0.46 | 0.46 | 0.46 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 | 1.7 |
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