Prozone Realty

₹31.2 1 | 3.4%

WEBSITE BSE:534675 NSE : PROZONER 10 May, 16:01

Market Cap ₹476 Cr.

Stock P/E 39.4

P/B 0.9

Current Price ₹31.2

Book Value ₹ 34.2

Face Value 2

52W High ₹44.9

Dividend Yield 0%

52W Low ₹ 22.5

Edit Ratio

Prozone Realty Research see more...

Prozone Intu Properties Limited: India’s growth story should lend primary support

Overview Inc. Year: 2007Industry: Construction - Real Estate

Prozone Intu Properties Ltd is a retail and residential-led blended-use real estate improvement organization. The Company is engaged inside the business of designing, developing, owning and operating of shopping malls, business and residential premises via its diverse special purpose motors (SPVs), and is also imparting associated control consultancy offerings. The Company's business segments encompass Leasing and Outright Sales. The Company owns over six land banks aggregating about 170 acres with most saleable location of about 17.8 million square ft in metropolis locations spread across approximately six cities in India. Its Prozone Mall is located in Aurangabad, in which there are over 10 anchor tenants and approximately 100 plus shops operational. Its subsidiaries consist of Alliance Mall Developers Co. Pvt Ltd, Jaipur Festival City Pvt Ltd, Kruti Multitrade Pvt Ltd, Royal Mall Pvt Ltd and Prozone Liberty International Ltd.

Prozone Realty Share Price

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Price: NSE50 DMA200 DMAVolume

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Peer Comparison

Prozone Realty Quarterly Results

#(Fig in Cr.)	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Net Sales	30	26	29	29	27	62	56	54	38	41
Other Income	5	4	7	4	19	20	14	12	3	2
Total Income	35	31	36	33	45	82	70	65	41	43
Total Expenditure	18	13	16	13	13	51	41	35	22	27
Operating Profit	17	17	20	20	33	31	29	30	18	17
Interest	10	10	10	10	10	10	11	10	11	13
Depreciation	7	7	7	6	6	6	6	6	6	6
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	0	0	4	4	17	15	11	14	2	-3
Provision for Tax	-3	0	-1	1	0	3	6	1	-2	-2
Profit After Tax	3	-0	5	3	17	13	6	13	3	-1
Adjustments	-2	-1	-3	-3	-3	-3	-3	-4	-2	0
Profit After Adjustments	1	-1	2	0	13	9	2	9	1	-1
Adjusted Earnings Per Share	0.1	-0.1	0.1	0	0.9	0.6	0.1	0.6	0.1	-0

Prozone Realty Profit & Loss

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Net Sales	77	52	58	86	63	96	118	85	45	93	173	189
Other Income	7	6	4	8	11	12	16	20	14	22	58	31
Total Income	84	59	62	95	74	108	134	105	59	115	231	219
Total Expenditure	58	37	41	63	58	59	58	37	26	54	118	125
Operating Profit	26	21	21	32	16	49	76	69	33	61	113	94
Interest	15	17	16	11	10	27	34	42	45	40	41	45
Depreciation	24	21	16	13	12	27	34	33	30	27	24	24
Exceptional Income / Expenses	-1	0	-1	-0	0	0	0	0	0	0	0	0
Profit Before Tax	-13	-16	-12	8	-6	-5	8	-6	-42	-6	48	24
Provision for Tax	1	2	0	4	-7	2	1	-2	-0	-4	9	3
Profit After Tax	-14	-18	-12	4	1	-7	6	-4	-42	-1	38	21
Adjustments	5	9	6	3	0	3	-4	3	14	-2	-13	-9
Profit After Adjustments	-9	-9	-6	7	2	-4	2	-2	-28	-4	25	11
Adjusted Earnings Per Share	-0.6	-0.6	-0.4	0.5	0.1	-0.3	0.2	-0.1	-1.8	-0.2	1.7	0.8

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	86%	27%	13%	8%
Operating Profit CAGR	85%	18%	18%	16%
PAT CAGR	0%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	31%	15%	4%	7%
ROE Average	8%	-0%	-0%	-1%
ROCE Average	9%	4%	4%	3%

Prozone Realty Balance Sheet

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Shareholder's Funds	516	506	500	551	533	523	499	497	481	482	512
Minority's Interest	206	197	191	303	340	343	328	325	299	304	320
Borrowings	152	176	218	222	274	332	333	367	407	431	388
Other Non-Current Liabilities	10	28	43	11	-52	-39	-30	-40	-42	-59	-73
Total Current Liabilities	53	76	81	79	88	88	218	378	387	384	340
Total Liabilities	937	984	1033	1165	1185	1247	1348	1526	1532	1542	1488
Fixed Assets	532	512	529	494	109	718	779	737	95	94	95
Other Non-Current Assets	74	125	205	275	749	284	210	234	801	720	795
Total Current Assets	331	347	299	396	328	244	359	556	637	729	597
Total Assets	937	984	1033	1165	1185	1247	1348	1526	1532	1542	1488

Prozone Realty Cash Flow

#(Fig in Cr.)	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Opening Cash & Cash Equivalents	37	5	3	9	16	19	4	2	8	46	35
Cash Flow from Operating Activities	-8	23	30	-30	-52	-10	28	-18	-18	91	82
Cash Flow from Investing Activities	-34	-32	-50	-116	16	-10	-11	4	52	-56	10
Cash Flow from Financing Activities	10	6	26	153	40	4	-20	20	4	-47	-80
Net Cash Inflow / Outflow	-32	-2	6	7	4	-16	-2	6	38	-12	12
Closing Cash & Cash Equivalent	5	3	9	16	19	4	2	8	46	35	46

Prozone Realty Ratios

#	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Earnings Per Share (Rs)	-0.59	-0.6	-0.43	0.48	0.11	-0.29	0.16	-0.1	-1.81	-0.23	1.66
CEPS(Rs)	0.66	0.16	0.27	1.14	0.85	1.27	2.64	1.9	-0.75	1.65	4.1
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	33.78	33.17	32.74	36.09	34.96	34.27	32.71	32.54	31.5	31.6	33.55
Core EBITDA Margin(%)	25.32	28.51	29.51	27.47	7.77	39.13	51.2	54.4	42.59	41.79	32.05
EBIT Margin(%)	2.59	1.38	6.82	21.76	6.26	23.53	35.66	39.5	5.85	36.63	51.24
Pre Tax Margin(%)	-16.86	-31.2	-20.76	9.16	-9.23	-5.04	6.63	-7.13	-94.09	-6.36	27.53
PAT Margin (%)	-17.66	-34.82	-21.38	4.84	1.95	-7.46	5.37	-5.03	-92.99	-1.59	22.13
Cash Profit Margin (%)	13.11	4.64	7.14	20.13	20.49	20.17	34.11	32.49	-25.62	27	36.13
ROA(%)	-1.48	-1.9	-1.23	0.38	0.11	-0.59	0.49	-0.31	-2.73	-0.1	2.53
ROE(%)	-2.62	-3.57	-2.46	0.79	0.23	-1.36	1.24	-0.9	-8.54	-0.31	7.71
ROCE(%)	0.29	0.1	0.55	2.45	0.49	2.66	4.91	3.99	0.28	3.61	9.41
Receivable days	174.45	401.58	432.59	342.07	499.75	282.75	153.89	110.71	169.59	100.76	44.89
Inventory Days	568.34	1278.53	1100.17	703.73	1058.66	638.31	651	1390.73	3472.05	1799.99	968.85
Payable days	82.09	459.05	269.56	143.44	272.88	234.6	292.63	0	0	345.21	120.04
PER(x)	0	0	0	56.56	350.57	0	184.77	0	0	0	12.95
Price/Book(x)	0.7	0.46	0.87	0.76	1.06	1.27	0.9	0.25	0.53	0.68	0.64
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	6.79	8.06	11.49	7.38	13.35	10.39	6.78	6.14	14.77	7.97	3.92
EV/Core EBITDA(x)	19.9	19.73	31.26	19.81	53.85	20.31	10.53	7.62	20.19	12.22	6
Net Sales Growth(%)	32.14	-32.17	10.28	49.27	-26.73	52.2	22.96	-28.07	-47.24	108.14	85.46
EBIT Growth(%)	119.39	-63.81	444.48	376.02	-78.93	472.43	86.35	-16.57	-92.54	1202.94	159.44
PAT Growth(%)	62.1	-33.76	32.27	133.8	-70.43	-680.89	188.54	-170.52	-831.74	96.44	2682.61
EPS Growth(%)	0	-2.47	29.06	213.55	-78.21	-379.6	154.36	-162.17	-1722.19	87.33	821
Debt/Equity(x)	0.34	0.39	0.48	0.43	0.56	0.65	0.71	0.83	0.96	0.98	0.82
Current Ratio(x)	6.23	4.55	3.67	5.04	3.72	2.78	1.65	1.47	1.64	1.9	1.75
Quick Ratio(x)	2.94	2.02	1.76	2.79	1.56	1.11	0.38	0.4	0.48	0.67	0.44
Interest Cover(x)	0.13	0.04	0.25	1.73	0.4	0.82	1.23	0.85	0.06	0.85	2.16
Total Debt/Mcap(x)	0.48	0.84	0.56	0.57	0.53	0.51	0.78	3.29	1.81	1.44	1.28

Prozone Realty Shareholding Pattern

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	27.74	27.57	27.54	27.38	26.74	24.62	24.57	24.49	24.43	24.39
FII	6.56	6.2	6.06	34.4	34.4	5.36	5.36	5.36	3.01	3.06
DII	0	0	0	0	0	0	0	0	0.07	0
Public	65.7	66.24	66.39	38.23	38.86	70.03	70.07	70.15	72.49	72.55
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoter	4.23	4.21	4.2	4.18	4.08	3.76	3.75	3.74	3.73	3.72
FII	1	0.95	0.93	5.25	5.25	0.82	0.82	0.82	0.46	0.47
DII	0	0	0	0	0	0	0	0	0.01	0
Public	10.03	10.11	10.13	5.83	5.93	10.69	10.69	10.7	11.06	11.07
Others	0	0	0	0	0	0	0	0	0	0
Total	15.26	15.26	15.26	15.26	15.26	15.26	15.26	15.26	15.26	15.26

Pros

Stock is trading at 0.9 times its book value
Debtor days have improved from 345.21 to 120.04days.
Company has reduced debt.

Cons

Promoter holding is low: 24.39%.
Company has a low return on equity of -0% over the last 3 years.
Earnings include an other income of Rs. 58 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Prozone Realty News

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Companies	Open Date	Close Date	Issue Price	Cost of 1 Lot	GMP	Expected Listing	Listing Gain(%)	Listing Price	Current Price	Type	Exchange

Prozone Realty

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Prozone Realty Research see more...

Overview Inc. Year: 2007Industry: Construction - Real Estate

Prozone Realty Share Price

Alert Data

Quarterly Price

Peer Comparison

Prozone Realty Quarterly Results

Prozone Realty Profit & Loss

Growth Rates

Prozone Realty Balance Sheet

Prozone Realty Cash Flow

Prozone Realty Ratios

Prozone Realty Shareholding Pattern

Prozone Realty News

IPO

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