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Sunday, July 3, 2011

Prestige Estates Projects Ltd:-Buy/sell/,growth prospects and recommendation,news and results,target price and analysis,views and outlook,multibagger

Scripscan:Prestige Estates Projects Ltd
Code:533274
Cmp:123

Story:Prestige Estates Projects is a leading real estate development company based in south India. Established in 1986 it has completed 142 projects totaling to 27.09 msf. The company has a well balanced business model with projects in residential, commercial, hospitality and retail segment.PEPL currently holds development rights for 52.57 msf of developable area.Prestige largely focuses on the joint development model unlike its peers, Sobha Developers and Puravankara Projects. The company's operating margin is as low as 21% compared with its peers, who have margins of about 25%.There is a concern as the joint development model followed by the company may result in lower EBITDA margins,offsetting any possible gains of premium positioning.The company is quoting at a much higher PE compared to its peers and has a high leveraged stretched balance sheet.Further its much concentrated towards the southern part which makes one apprehensive(Bangalore and chennai contributes around 75% and 15% revenues respectievely).Consumer Demand is expected to be moderate in Bangalore as oversupply hangover still looms large on Bangalore.Real estate is reeling and with the high interest rate scenario its a hard sector to delve in.At 4000crs marketcap with 2000crs with debt its overvalued.Sell at rallies and move on to something else.

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Posted by Arun Mukherjee at 8:44 AM

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This blog does not share personal information with third parties nor do we store any information about your visit to this blog other than to analyze and optimize your content and reading experience through the use of cookies.You can turn off the use of cookies at anytime by changing your specific browser settings.This privacy policy is subject to change without notice and was last updated on 20.3.2013. If you have any questions, feel free to contact me directly here: arunsharemarket@gmail.com Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that I consider reliable. I,however,do not vouch for the accuracy or the completeness thereof.This material is for personal information and am not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.The stock price projections shown are not necessarily indicative of future price performance.The information herein, together with all estimates and forecasts, can change without notice.
 
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