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 2023 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 future 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.
Latest news about Prestige Estates
➤ Prestige Estates plans to introduce their products in Hyderabad, Bengaluru, and Chennai.
➤ The performance of Prestige Estates (NSE: PRESTIGE) Projects has seen an increase in returns that is higher than the five-year earnings growth rate.
How to buy Prestige Estates shares?
You can buy shares from the following trading platforms:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
Share Price Prediction of Prestige Estates: 2023 to 2030
Prestige Estates Share Price Target 2023
| When | Maximum Price | Minimum Price |
| February 2023 | ₹407.00 | ₹313.08 |
| March 2023 | ₹412 | ₹394.81 |
| April 2023 | ₹405.78 | ₹378.29 |
| May 2023 | ₹379.81 | ₹345.24 |
| June 2023 | ₹335.78 | ₹258.29 |
| July 2023 | ₹402.93 | ₹309.95 |
| August 2023 | ₹443.22 | ₹340.94 |
| September 2023 | ₹465.38 | ₹357.99 |
| October 2023 | ₹443.22 | ₹340.94 |
| November 2023 | ₹487.55 | ₹375.03 |
| December 2023 | ₹546.05 | ₹420.04 |
Prestige Estates’ share price is expected to experience a bullish trend in 2023, with a growth percentage ranging between 25-40% over the year. The maximum price is projected to reach ₹546.05 in December 2023, while the minimum price is expected to be ₹₹309.95 in July 2023.
Despite some fluctuations, the overall trend is expected to be an uptrend, with prices may fall from March to June 2023 and then start going up from July to December, 2023. This provides a positive outlook for investors and suggests that Prestige Estates’ could be a good stock to buy in 2023.
Prestige Estates Share Price Target 2024
| When | Maximum Price | Minimum Price |
| January 2024 | ₹574.79 | ₹442.15 |
| February 2024 | ₹645.83 | ₹538.19 |
| March 2024 | ₹679.82 | ₹552.70 |
| April 2024 | ₹618.02 | ₹475.40 |
| May 2024 | ₹515.02 | ₹396.17 |
| June 2024 | ₹618.02 | ₹475.40 |
| July 2024 | ₹525.32 | ₹407.22 |
| August 2024 | ₹577.85 | ₹458.61 |
| September 2024 | ₹606.74 | ₹466.72 |
| October 2024 | ₹713.81 | ₹549.09 |
| November 2024 | ₹749.50 | ₹576.54 |
| December 2024 | ₹764.49 | ₹588.07 |
As per our analysis, Prestige Estates’ share price is expected to continue its upward trajectory in 2024, with growth percentages estimated to be in the range of 20-30%. The maximum share price target for the year is forecasted to reach ₹764.49 in December 2024, while the minimum share price target is estimated to be ₹396.17 in May 2024. The table predicts an overall bullish trend for Prestige Estates’ share price in 2024, making it a potentially attractive option for long-term investment.
Prestige Estates Share Price Target 2025
| When | Maximum Price | Minimum Price |
| January 2025 | ₹779.78 | ₹599.83 |
| February 2025 | ₹820.83 | ₹631.40 |
| March 2025 | ₹861.87 | ₹662.97 |
| April 2025 | ₹769.52 | ₹591.94 |
| May 2025 | ₹699.57 | ₹538.13 |
| June 2025 | ₹769.52 | ₹591.94 |
| July 2025 | ₹732.88 | ₹563.75 |
| August 2025 | ₹763.42 | ₹587.24 |
| September 2025 | ₹801.59 | ₹616.61 |
| October 2025 | ₹849.68 | ₹653.60 |
| November 2025 | ₹909.16 | ₹699.35 |
| December 2025 | ₹927.34 | ₹713.34 |
As we can see from the table, Prestige Estates’ share price is expected to maintain its upward trend in 2025, with a potential growth percentage in the range of 10-20%. The maximum share price target for the year is forecasted to reach ₹927.34 in December 2025, while the minimum share price target is estimated to be ₹538.13 in May 2025. These projections suggest that the company’s stock is likely to remain in demand, as it continues to perform well in the market.
Prestige Estates Share Price Prediction 2026-2030
| Year | Maximum Price | Minimum Price |
| 2026 | ₹649.14 | ₹454.40 |
| 2027 | ₹551.77 | ₹386.24 |
| 2028 | ₹993.19 | ₹695.23 |
| 2029 | ₹2,040.16 | ₹1,428.11 |
| 2030 | ₹2,271.99 | ₹1,590.40 |
Prestige Estates’ share price has shown a bullish trend in the last few years, with a significant growth percentage. The share price target for 2023 to 2030 reflects the continued growth and stability of the company. The next few years show some fluctuation in the share price, with the maximum share price target in 2026 reaching ₹649.14 and the minimum share price target being ₹454.40. In 2027, the maximum share price target is ₹551.77 and the minimum share price target is ₹386.24. The year 2028 sees another jump in the maximum share price target, reaching ₹993.19 and a minimum share price target of ₹695.23. In 2029, the maximum share price target is ₹2,040.16 and the minimum share price target is ₹1,428.11. The share price target for 2030 is even higher, with a maximum share price target of ₹2,271.99 and a minimum share price target of ₹1,590.40.
Overall, Prestige Estates’ share price target for 2023 to 2030 indicates a positive and upward trend, making it a good choice for investment.
Financial Condition of Prestige Estates: Last 5 years
| Narration | Mar-18 | Mar-19 | Mar-20 | Mar-21 | Mar-22 |
| Sales | 5,498.60 | 5,171.90 | 8,124.80 | 7,241.90 | 6,389.50 |
| Expenses | 4,221.60 | 3,718.10 | 5,768.80 | 5,308.20 | 4,872.40 |
| Operating Profit | 1,277.00 | 1,453.80 | 2,356.00 | 1,933.70 | 1,517.10 |
| Other Income | 81.50 | 232.30 | 160.90 | 3,035.70 | 1,018.50 |
| Depreciation | 154.70 | 322.90 | 666.70 | 592.60 | 471.00 |
| Interest | 565.70 | 722.80 | 1,023.30 | 979.30 | 555.30 |
| Profit before tax | 638.10 | 640.40 | 826.90 | 3,397.50 | 1,509.30 |
| Tax | 213.50 | 198.50 | 278.30 | 519.30 | 294.50 |
| Net profit | 371.30 | 415.60 | 403.10 | 2,782.30 | 1,150.00 |
| EPS | 9.90 | 11.08 | 10.05 | 69.40 | 28.69 |
| Price to earning | 29.47 | 22.81 | 16.73 | 4.40 | 17.21 |
| Price | 291.80 | 252.80 | 168.20 | 305.60 | 493.80 |
| RATIOS: | |||||
| Dividend Payout | 12.12% | 13.53% | 14.92% | 2.16% | 5.23% |
| OPM | 23.22% | 28.11% | 29.00% | 26.70% | 23.74% |
The financial statement of Prestige Estates reveals the company’s performance over the last five years, starting from March 2018 to March 2022. During this period, the company’s sales have shown a mixed trend with a maximum growth of 28.24% in the year 2020 and a minimum growth of -14.12% in the year 2021. Despite the decline in sales growth in 2021, the company has managed to maintain a stable operating profit margin of 23.22% to 29.00% during the last five years.
The other income and net profit have shown a significant increase of 3,753.16% and 645.80% respectively in the year 2021. The profit after tax (PAT) has increased from 371.30 in March 2018 to a maximum of 2,782.30 in March 2021, indicating a positive trend in the company’s revenue and profit growth.
The company’s earnings per share (EPS) have also shown a substantial increase of 596.12% in March 2021, making it the year with the highest EPS among the last five years. The company’s price-to-earnings ratio (P/E) in March 2021 was 4.40, the lowest among the last five years, which indicates that the company’s shares are undervalued in the market. The dividend payout has also increased from a minimum of 2.16% in March 2021 to a maximum of 14.92% in March 2020, indicating a positive trend in the company’s dividend policy.
Prestige Estates share price target by Experts
Prestige Estates share price target by HDFC Securities
HDFC Securities has recommended purchasing shares of Prestige Estates Projects with a forecasted price of Rs 600.
Prestige Estates share price target by Motilal Oswal
Motilal Oswal has suggested purchasing shares of Prestige Estates Projects with a projected value of Rs 675.
Prestige Estates share price target by JM Financial
JM Financial suggests purchasing shares of Prestige Estates Projects with a target price of Rs 620.
FAQS
Is Prestige Estates a profitable company?
Yes, Prestige Estates’s financial looks great. They generate positive revenue and profit.
Will the share price of Prestige Estates increase in 2023?
It is anticipated that Prestige Estates per share price will increase to ₹546 by the end of 2023.
What is the share price target of Prestige Estates for 2025?
The share price target of Prestige Estates for 2025 might be around ₹930.
What is the share price target of Prestige Estates for 2030?
The per share price of Prestige Estates might reach around ₹2,271.99 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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Conclusion
In conclusion, the financial performance of Prestige Estates over the last five years has shown a positive trend in terms of both revenue and profit growth. The company has been able to increase its sales and other income, while keeping a check on its expenses and depreciation.
This has resulted in a significant increase in its operating profit and net profit after tax. The maximum and minimum share price target for 2023 to 2030 also indicates a positive outlook for the company’s stock performance.
Based on this analysis, Prestige Estates shares seem to be a good investment opportunity for those looking to diversify their portfolio and potentially earn returns in the long-term.
However, as with any investment, it is important to conduct thorough research and consider all the relevant factors before making a decision.
