Prestige Estate has rapidly gained market share in MMR, entered the NCR market with significant traction, and is also scaling up in Pune, which will generate incremental income streams. Therefore, Motilal Oswal remains highly confident in the company’s growth prospects.
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
Motilal Oswal reaffirms its Buy rating on Prestige Estates Projects Ltd with a target price of Rs 2,295, implying a 38% upside from the current market price of Rs 1,659.
The brokerage cites a strong launch pipeline, robust presales outlook, and aggressive expansion in commercial and hospitality segments as key drivers of growth.
Prestige Estate has rapidly gained market share in MMR, entered the NCR market with significant traction, and is also scaling up in Pune, which will generate incremental income streams. Therefore, the brokerage remains highly confident in the company’s growth prospects.
Presales to Surge 40% CAGR
Prestige Estate’s presales are projected to grow at a 40% CAGR over FY25–28, reaching Rs 463 billion by FY28, a 2.7x jump from FY25 levels. The company has already achieved 67% of its FY26 presales guidance of Rs 270 billion in the first half, aided by blockbuster launches like Prestige Indirapuram in NCR (gross domestic value Rs 115 billion) and Prestige Pallavaram Gardens in Chennai (GDV Rs 34 billion).
For H2 FY26, Prestige Estate plans 18 projects worth Rs 272 billion, including mid-segment launches in Bengaluru and Mumbai and luxury projects in Goa and Hyderabad.
Additionally, Rs 100–150 billion worth of projects are on standby, reinforcing visibility on future growth.
Valuation and view
As the company advances its growth trajectory in both residential and commercial segments and unlocks value from its hospitality segment, Motilal Oswal believes the stock is set for a further re-rating.
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.
RECOMMENDED FOR YOU
Pollution In Delhi NCR: 68% Sought Medical Help, 85% Face Rising Costs, Says Survey
ICRA Pegs Net Office Absorption At Record In FY26 Across Six Major Cities
Mahindra Lifespaces: Well-Poised For Growth With Launch Heavy Year Ahead, Says HDFC Securities Maintaining Buy
Swiggy Extends Crew App Service To Mumbai, Bengaluru And NCR
POPULAR