Whalesbook
Hyderabad Mein Naya Project: Prestige Golden Grove
Prestige Estates ne apne expansion plans ko aage badhate hue Hyderabad ke Tellapur area mein ek bada residential project, 'Prestige Golden Grove' launch kiya hai. Ye project 28.6 acres mein faila hua hai aur ismein total 5,120 units honge. Iska Gross Development Value (GDV) ₹9,500 Crore se zyada hone ka andaaza hai. Yahan 2 se 4 bedrooms wale apartments milenge, jinka size 1,169 sq. ft. se lekar 3,013 sq. ft. tak hoga, aur price ₹1 Crore se ₹3 Crore ke beech rahega. Tellapur ki location bhi kaafi achhi hai, IT hubs aur amenities ke paas.
Stock Mein Tension Kyun Hai?
Itna bada project launch hone ke bawajood, Prestige Estates ka stock performancetheek nahi chal raha. Thursday ko stock 0.62% gir kar ₹1,152 par trade kar raha tha. Ye apne 52-week high ₹1,814 se kaafi neeche hai aur 52-week low ₹1,048.05 ke aas paas aa gaya hai. Isse investors thoda nervous hain.
Valuation Ka Chakkar Kya Hai?
Asal problem valuation ki hai. Prestige Estates ka P/E ratio 51.16x hai, jo ki competitors jaise DLF (~40.0x) aur Godrej Properties (~28.7x) se kafi high hai. Matlab, company ki earnings ke hisaab se stock ka price zyada lag raha hai. Reporter ne pichhle 3 saal mein stock ne 179.70% returns diye hain, par current stock action kuch aur hi keh raha hai.
Financials Bhi Dekho
Financials mein bhi kuch points chinta ka vishay hain. Company ka Return on Equity (ROE) 6.03% hai aur pichhle 5 saalon mein sales growth negative -1.99% rahi hai. Working capital days bhi 136 se badhkar 274 ho gaye hain. Promoter holding bhi pichhle 3 saalon mein 4.54% kam hui hai.
Analysts Kya Keh Rahe Hain?
Halanki, analysts ka view optimistic hai. Zyadaatar 23 analysts ne 'Strong Buy' rating di hai aur average target price ₹1,885.43 diya hai, matlab abhi bhi 63% tak ka upside mil sakta hai. Revenue growth bhi aage 35% annualise hone ki ummeed hai. Toh, future toh achha dikh raha hai, par current stock price aur valuation mein ek gap zaroor hai.