Prime Property

What does Prime Property do?

Prime Property Development Corporation Ltd specializes in property development, focusing on residential apartments, celebrity houses, malls, and commercial properties. As of March 2025, it reported a net profit of -1 Cr and has a market cap of Rs 68 Cr.

Overview:<BR>Prime Property Development Corporation Ltd is engaged in property development, specializing in residential apartments, celebrity houses, malls, and commercial properties, and operates within the micro-cap segment of the realty industry.<BR><BR>History:<BR>Incorporated in 1992, Prime Property Development Corporation Ltd has been involved in property development for several decades. The latest financial results reported are for the quarter ending March 2025, showing a net profit of -1 Cr.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: N/A<BR>Most recent Net Profit: -1 Cr (Quarterly Results - Mar 2025)<BR>Market-cap value: Rs 68 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 25.00<BR>Industry P/E: 45<BR>Dividend Yield: 0.00%<BR>Debt-Equity: -0.09<BR>Return on Equity: 3.08%<BR>Price-to-Book: 0.78<BR><BR>Contact Details:<BR>Address: 101 Soni House Gulmohar Road 1, P 34 JVPD Scheme Vile Parle(W) Mumbai Maharashtra : 400049<BR>Phone: 91-22-26242144<BR>Email: info@ppdcl.com/compliance_officer@p<BR>Website: http://www.ppdcl.com

Has Prime Property declared dividend?

Prime Property Development Corporation Ltd has declared a 20% dividend, amounting to 1 per share, with an ex-date of September 19, 2018. However, the dividend yield is 0%, and total returns have been driven solely by price appreciation over various periods.

Prime Property Development Corporation Ltd has declared a 20% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 20%<BR>- Amount per share: 1<BR>- Ex-date: 19 Sep 18<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the 6 months period, the price return was -0.29%, the dividend return was 0%, resulting in a total return of -0.29%.<BR><BR>In the 1 year period, the price return was 37.38%, the dividend return was 0%, resulting in a total return of 37.38%.<BR><BR>In the 2 years period, the price return was 94.54%, the dividend return was 0%, resulting in a total return of 94.54%.<BR><BR>In the 3 years period, the price return was 226.53%, the dividend return was 0%, resulting in a total return of 226.53%.<BR><BR>In the 4 years period, the price return was 168.51%, the dividend return was 0%, resulting in a total return of 168.51%.<BR><BR>In the 5 years period, the price return was 289.48%, the dividend return was 0%, resulting in a total return of 289.48%.<BR><BR>Overall, while Prime Property has declared a dividend, the dividend yield remains at 0%. The total returns over various periods indicate strong price appreciation, particularly over the longer term, despite the lack of ongoing dividend returns.

Who are the peers of the Prime Property?

Prime Property's peers include DLF, Macrotech Development, Godrej Properties, Prestige Estates, Oberoi Realty, Victoria Mills, Grovy India, Sh. Krishna Infrastructure, Golden Tobacco, and Simplex Realty. In terms of performance, Victoria Mills leads with a 54.99% return, while Prime Property has a 29.58% return, and Sh. Krishna Infrastructure has the lowest at -42.51%.

Peers: The peers of Prime Property are DLF, Macrotech Devel., Godrej Propert., Prestige Estates, Oberoi Realty, Victoria Mills, Grovy India, Sh. Krish. Infr., Golden Tobacco, and Simplex Realty.<BR><BR>Quality Snapshot: Excellent management risk is observed at Macrotech Devel. and Oberoi Realty, while Average management risk is found at DLF, Godrej Propert., Prestige Estates, and Prime Property. Below Average management risk is noted at Victoria Mills, Grovy India, and Simplex Realty, and Sh. Krish. Infr. and Golden Tobacco do not qualify. Growth is Excellent at Macrotech Devel. and Oberoi Realty, Average at DLF and Victoria Mills, and Below Average at Godrej Propert., Prestige Estates, Prime Property, Simplex Realty, and the rest. Capital Structure is Excellent at Grovy India and Oberoi Realty, Good at DLF and Victoria Mills, and Below Average at Macrotech Devel., Godrej Propert., Prestige Estates, Prime Property, Simplex Realty, and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Victoria Mills at 54.99%, while the lowest is Sh. Krish. Infr. at -42.51%. Prime Property's 1-year return of 29.58% is significantly higher than Sh. Krish. Infr. and lower than Victoria Mills. Additionally, the peers with negative six-month returns include Sh. Krish. Infr., Golden Tobacco, and Grovy India.

Is Prime Property overvalued or undervalued?

As of June 2, 2025, Prime Property is considered very expensive and overvalued with a PE ratio of 26.11 and an EV to EBITDA ratio of 27.19, despite being lower than peers like DLF and Macrotech, and it has underperformed the Sensex with a year-to-date return of -2.78%.

As of 2 June 2025, the valuation grade for Prime Property has moved from attractive to very expensive, indicating a significant shift in its market perception. The company is currently considered overvalued. Key ratios include a PE ratio of 26.11, an EV to EBITDA ratio of 27.19, and a ROCE of just 2.76%, which raises concerns about its profitability relative to its valuation.<BR><BR>In comparison to its peers, Prime Property's PE ratio is notably lower than DLF's 46.64 and Macrotech Development's 54.71, both of which are also categorized as very expensive. This suggests that while Prime Property may appear less expensive on a PE basis, the overall valuation metrics indicate it is still overvalued in the current market context. Additionally, the company's recent stock performance has lagged behind the Sensex, with a year-to-date return of -2.78% compared to the Sensex's 5.62%, further reinforcing the notion of overvaluation.

What is the technical trend for Prime Property?

As of June 6, 2025, Prime Property's technical trend has shifted to sideways, with mixed signals indicating a neutral stance, as weekly and monthly indicators show conflicting bearish and bullish trends.

As of 6 June 2025, the technical trend for Prime Property has changed from mildly bearish to sideways. The current stance is neutral, with mixed signals across various indicators. The weekly MACD remains mildly bearish, while the monthly MACD is also mildly bearish. The weekly RSI shows no signal, and the monthly RSI indicates bearish conditions. Bollinger Bands present a bearish outlook on the weekly chart but are mildly bullish on the monthly chart. Daily moving averages are mildly bullish, suggesting some short-term strength. The KST shows bullish on the weekly but mildly bearish on the monthly, indicating conflicting trends. Dow Theory indicates no trend on both weekly and monthly time frames. Overall, the mixed indicators suggest a sideways movement with no clear direction.

Who are in the management team of Prime Property?

As of March 2022, the management team of Prime Property includes Executive Chairman Padamshi L Soni, Whole-time Directors Manish P Soni and Vishal P Soni, and several independent directors, along with Company Secretary Aishwarya Khanvilkar.

As of March 2022, the management team of Prime Property includes the following individuals:<BR><BR>1. Padamshi L Soni - Executive Chairman<BR>2. Manish P Soni - Whole-time Director<BR>3. Vishal P Soni - Whole-time Director<BR>4. Alok Chowdhury - Non-Executive & Independent Director<BR>5. Meena Kapadi - Independent Director<BR>6. Satendra Kumar Bhatnagar - Independent Director<BR>7. Aishwarya Khanvilkar - Company Secretary & Compliance Officer<BR><BR>In summary, the management team consists of a mix of executive and independent directors, along with a compliance officer.

Who are the top shareholders of the Prime Property?

The top shareholder of Prime Property is Padamshi L Soni, holding 58.8% of the shares. Other notable shareholders include Zircon Traders Limited at 1.82% and individual investors with a collective ownership of 19.56%.

The top shareholders of Prime Property are primarily the promoters, with Padamshi L Soni holding the largest share at 58.8%. There are no pledged promoter holdings, and the company does not have any mutual funds or foreign institutional investors (FIIs) involved. The highest public shareholder is Zircon Traders Limited, which holds 1.82%. Additionally, individual investors collectively own 19.56% of the company.

How big is Prime Property?

As of 24th July, Prime Property Development Corporation Ltd has a market capitalization of 64.00 Cr, with recent Net Sales of 7.81 Cr and a Net Profit of 2.48 Cr. The balance sheet for March 2024 shows Shareholder's Funds of 77.77 Cr and Total Assets of 76.04 Cr.

As of 24th July, Prime Property Development Corporation Ltd has a market capitalization of 64.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, the company reported Net Sales of 7.81 Cr and a Net Profit of 2.48 Cr.<BR><BR>The latest annual period for the balance sheet is March 2024, showing Shareholder's Funds of 77.77 Cr and Total Assets of 76.04 Cr.

Are Prime Property latest results good or bad?

The latest results for Prime Property Development Corporation are bad, with a significant 88.7% decline in Profit After Tax and a 73.40% drop in net sales year-on-year, indicating serious profitability and operational challenges.

The latest results for Prime Property Development Corporation indicate a challenging situation for the company. The Profit After Tax (PAT) for the quarter ending June 2025 is Rs 0.07 crore, which represents a significant decline of 88.7% compared to the average PAT of Rs 0.62 crore over the previous four quarters. This sharp drop highlights serious concerns regarding the company's profitability.<BR><BR>Net sales for the nine-month period have also decreased dramatically, down 73.40% year-on-year to Rs 7.81 crore. This decline in sales, coupled with an operating profit (PBDIT) of Rs -0.94 crore, suggests deteriorating operational efficiency. The operating profit margin has fallen to 0.00%, indicating that the company is struggling to maintain profitability in its core operations.<BR><BR>Additionally, the Profit Before Tax (PBT) has reached Rs -0.97 crore, marking the lowest level in five quarters. While there has been a notable increase in non-operating income, which accounted for a significant portion of PBT, this raises concerns about the sustainability of the company’s income sources.<BR><BR>Overall, the financial results reflect a concerning trajectory for Prime Property, indicating that the latest performance can be classified as bad.

How has been the historical performance of Prime Property?

Prime Property's historical performance has shown significant fluctuations, with net sales dropping to 7.81 Cr in March 2025 from 55.64 Cr in March 2024, while operating profit and profits after tax also declined. However, the company improved its cash flow to 3.00 Cr and increased total assets to 92.52 Cr in March 2025.

Answer:<BR>The historical performance of Prime Property shows significant fluctuations in its financial metrics over the years, particularly in net sales, profits, and overall financial health.<BR><BR>Breakdown:<BR>In the fiscal year ending March 2025, Prime Property reported net sales of 7.81 Cr, a substantial decrease from 55.64 Cr in March 2024, and a notable increase from 0.00 Cr in both March 2023 and March 2022. The total operating income mirrored this trend, reaching 7.81 Cr in March 2025, down from 55.64 Cr the previous year. The total expenditure, excluding depreciation, was 5.70 Cr in March 2025, significantly lower than 46.96 Cr in March 2024. This resulted in an operating profit (PBDIT) of 4.96 Cr for March 2025, down from 9.67 Cr in March 2024. Profit before tax also decreased to 4.83 Cr in March 2025 from 8.90 Cr in March 2024, while profit after tax was 2.69 Cr, a decline from 6.51 Cr in the previous year. The company's total assets increased to 92.52 Cr in March 2025 from 76.04 Cr in March 2024, with total liabilities also rising to 92.52 Cr from 76.04 Cr. The cash flow from operating activities improved to 3.00 Cr in March 2025, compared to a negative 1.00 Cr in March 2024, leading to a net cash inflow of 6.00 Cr in March 2025. Overall, while Prime Property experienced a decline in sales and profits, it showed improvements in cash flow and asset management during this period.

Should I buy, sell or hold Prime Property?

When is the next results date for Prime Property Development Corporation Ltd?

The next results date for Prime Property Development Corporation Ltd is 12 February 2026.

The next results date for Prime Property Development Corporation Ltd is scheduled for 12 February 2026.

Which are the latest news on Prime Property?

Why is Prime Property Development Corporation Ltd falling/rising?

As of 11-Feb, the stock price of Prime Property Development Corporation Ltd is Rs. 25.00, reflecting a 10.65% decrease. The stock has significantly underperformed over the past year and today reached a 52-week low, indicating declining investor confidence and high volatility.

As of 11-Feb, the stock price of Prime Property Development Corporation Ltd is falling, currently at Rs. 25.00, which reflects a decrease of Rs. 2.98 or 10.65%. This decline is evidenced by the stock's performance over various periods, showing a significant drop of 29.06% over the past year, while the benchmark Sensex has increased by 10.41% during the same timeframe. <BR><BR>Today, the stock reached a new 52-week low of Rs. 24, marking a substantial intraday decline of 14.22%. The stock has also underperformed its sector by 10.94% today, indicating a lack of investor confidence. Furthermore, the stock has been highly volatile, with an intraday volatility of 8.6%, and it is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. <BR><BR>Investor participation appears to be declining, as evidenced by a significant drop in delivery volume, which fell by 59.09% compared to the 5-day average. This lack of engagement, combined with the stock's poor performance relative to the market and its sector, contributes to the ongoing decline in its price.