Prestige Estate is expanding its commercial segment (by 43 msf) as well as its hospitality portfolio. Therefore, its commercial rental income is likely to clock a 53% CAGR to reach Rs 19.5 billion and its hospitality revenue would post a 20% CAGR to reach Rs 13.7 billion over FY24-27E. However, income from the commercial segment is likely to improve to Rs 33 billion by FY30E as all the under-construction assets are operationalized.
NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Prestige Estate Projects Ltd. has a diverse portfolio with a presence in residential, office, retail, and hospitality segments. The company’s 9M FY25 incremental business development of 15 msf and the launch pipeline of Rs 800 billion would result in a presales CAGR of 14% over FY24-27E to reach Rs 315 billion by FY27E.
Prestige Estate is expanding its commercial segment (by 43 msf) as well as its hospitality portfolio. Therefore, its commercial rental income is likely to clock a 53% CAGR to reach Rs 19.5 billion and its hospitality revenue would post a 20% CAGR to reach Rs 13.7 billion over FY24-27E. However, income from the commercial segment is likely to improve to Rs 33 billion by FY30E as all the under-construction assets are operationalized.
Prestige Estate has quickly started gaining market share in MMR; it now plans to enter and scale up NCR as well as Pune, which will generate an incremental income stream. Therefore, we are extremely confident about the company’s growth prospects and reiterate our Buy rating with a revised target price of Rs 1,725.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
. Read more on Research Reports by NDTV Profit.Motilal Oswal is optimistic on Prestige Estates and maintains ‘Buy’ rating, revises target price, believes significant launches to fuel FY26 presales Read MoreResearch Reports
NDTV Profit
