Prime Property

Why is Prime Property Development Corporation Ltd falling/rising?

As of 30-Aug, the stock price of Prime Property Development Corporation Ltd is Rs 23.17, reflecting a 4.85% decrease. The stock has shown consistent declines over various periods, underperforming its sector and indicating a bearish trend despite increased investor participation.

As of 30-Aug, the stock price of Prime Property Development Corporation Ltd is falling, currently at Rs 23.17, which reflects a decrease of Rs 1.18 or 4.85%. This decline is evident in the stock's performance over various periods, showing a 3.42% drop over the past week and a significant 15.35% decrease over the past month. Year-to-date, the stock has fallen by 16.65%, and over the past year, it has decreased by 29.01%. <BR><BR>Today's trading performance indicates that the stock has underperformed its sector by 4.67%. It reached an intraday low of Rs 23.16, marking a 4.89% drop. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a bearish trend. Although there has been a rise in investor participation, with delivery volume increasing by 69.65% against the 5-day average, the overall sentiment remains negative, contributing to the stock's decline.

Which are the latest news on Prime Property?

Should I buy, sell or hold Prime Property Development Corporation Ltd?

Who are in the management team of Prime Property?

The management team of Prime Property includes Executive Chairman Padamshi L Soni, Whole-time Directors Manish P Soni and Vishal P Soni, Non-Executive Independent Director Alok Chowdhury, Independent Directors Meena Kapadi and Satendra Kumar Bhatnagar, and Company Secretary Aishwarya Khanvilkar. They oversee the company's operations and strategic direction.

The management team of Prime Property includes the following key 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>This team is responsible for overseeing the operations and strategic direction of the company.

What does Prime Property do?

Prime Property Development Corporation Ltd specializes in property development, focusing on residential and commercial properties, with a market cap of INR 46 Cr. As of March 2026, it reported net sales of 75 Cr and a net profit of 23 Cr.

Overview:<BR>Prime Property Development Corporation Ltd is engaged in property development, focusing on residential apartments, commercial properties, and shopping malls within the realty industry, categorized as a micro-cap company.<BR><BR>History:<BR>Incorporated in 1992, Prime Property Development Corporation Ltd has maintained its focus on property development. The latest quarterly results reported net sales and net profit for the period ending March 2026.<BR><BR>Financial Snapshot:<BR>- Net Sales: 75 Cr (Quarterly Results - Mar 2026)<BR>- Net Profit: 23 Cr (Quarterly Results - Mar 2026)<BR>- Market Cap: INR 46 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: 2.00<BR>- Industry P/E: 35<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: -0.23<BR>- Return on Equity: 23.46%<BR>- Price to Book: 0.46<BR><BR>Contact Details:<BR>Address: 101 Soni House Gulmohar Road 1, P 34 JVPD Scheme Vile Parle(W) Mumbai Maharashtra : 400049<BR>Tel: 91-22-26242144<BR>Email: info@ppdcl.com/compliance_officer@p<BR>Website: http://www.ppdcl.com

Who are the peers of the Prime Property?

Prime Property's peers include Dhansafal Fin, Jamshri Realty, Rodium Realty, Victoria Mills, Country Condo, Sam Industries, Simplex Realty, Golden Tobacco, and Modipon. In terms of management risk, Prime Property and several peers are rated below average, while Country Condo has the highest 1-year return at -4.83%, compared to Prime Property's -19.58%.

Peers: The peers of Prime Property are Dhansafal Fin, Jamshri Realty, Rodium Realty, Victoria Mills, Country Condo, Sam Industries, Simplex Realty, Golden Tobacco, and Modipon.<BR><BR>Quality Snapshot: Below Average management risk is observed at Dhansafal Fin, Rodium Realty, Sam Industries, Simplex Realty, and Prime Property, while Average management risk is found at Victoria Mills and Country Condo. Excellent growth is noted at Rodium Realty and Victoria Mills, while Good growth is seen at Prime Property and the rest have Below Average or do not qualify. Capital Structure is Excellent for Prime Property, Good for Victoria Mills and Country Condo, and Below Average for Dhansafal Fin, Rodium Realty, Sam Industries, Simplex Realty, and the rest.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Country Condo at -4.83%, while the peer with the lowest is Dhansafal Fin at -46.91%. Prime Property's 1-year return is -19.58%, which is better than Dhansafal Fin but worse than Country Condo. Additionally, the six-month returns are negative for Dhansafal Fin, Rodium Realty, Sam Industries, Simplex Realty, Golden Tobacco, Modipon, and Ansal Housing.

How big is Prime Property?

As of 14th August, Prime Property Development Corporation Ltd has a market capitalization of 47.09 Cr, with recent net sales of 75.42 Cr and a net profit of 24.71 Cr. The balance sheet for March 2025 shows shareholder's funds of 80.49 Cr and total assets of 92.52 Cr.

As of 14th August, Prime Property Development Corporation Ltd has a market capitalization of 47.09 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Prime Property reported Net Sales of 75.42 Cr and a Net Profit of 24.71 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, showing Shareholder's Funds of 80.49 Cr and Total Assets of 92.52 Cr.

Are Prime Property Development Corporation Ltd latest results good or bad?

Prime Property Development Corporation Ltd's latest Q4 FY26 results show a significant turnaround with a net profit of ₹22.64 crore and record revenue of ₹75.42 crore. However, concerns about sustainability due to previous zero sales, operational challenges, and weak return ratios suggest caution for investors despite the impressive figures.

Prime Property Development Corporation Ltd's latest results for Q4 FY26 show a remarkable turnaround compared to the previous quarters. The company reported a net profit of ₹22.64 crore, reflecting an astonishing 2,308.51% increase quarter-on-quarter. Additionally, revenue reached ₹75.42 crore, marking the highest revenue ever recorded by the company.<BR><BR>The operating margin stood at 37.15%, a record high, and the profit after tax (PAT) margin was 30.02%, the best in years. These figures indicate strong profitability when projects are completed.<BR><BR>However, it's important to consider the context of these results. The company had zero sales in the three preceding quarters, which raises concerns about the sustainability of this performance. The revenue recognition pattern is highly lumpy, typical of project-based realty developers, leading to significant volatility in earnings. <BR><BR>Moreover, despite the impressive quarterly numbers, the company has been rated as "Does Not Qualify" in terms of quality, and its return ratios are weak, suggesting operational challenges that need to be addressed. The stock trades at a low price-to-earnings ratio of 1.96x and a price-to-book value of 0.59x, which may appear attractive, but the underlying business model raises questions about long-term viability.<BR><BR>In summary, while the latest results are impressive on the surface, the underlying issues related to revenue consistency and operational efficiency suggest caution for investors. The company is showing potential, but significant risks remain.

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.

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.

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.

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.

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.