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PRIME PROPERTY DEVELOPMENT CORPORATION LTD.-$ (PRIMEPRO) Fair Value & Analysis

Real Estate · IN · Market cap ₹499M

PP PRIME PROPERTY DEVELOPMENT CORPORATION LTD.-$ PRIMEPRO · BSE
Price₹23.99
Fair Value₹59.98
Upside+150.0%
Quality85/100
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Strengths

Trades 150% below our fair value of ₹59.98
Highly profitable · 32.8% net margin
Low debt · generates free cash flow
Ranks above peers (13/14)

Risks

!Weak Growth
!The models disagree: range ₹44.98 to ₹126.02
Weak Growth
Highly profitable · 32.8% net margin
Low debt · generates free cash flow
Ranks above peers (13/14)
Wide moat 82/100
Evidence: High Range ₹44.98 – ₹126.02 Share as image

Fair value as of: Aug 22, 2026

From 15 valuation models · updated today

Fair value updated Aug 22, 2026, revised from ₹68.38 to ₹59.98 (−12.3%) since Aug 13, 2026.

A strong business, screening 150% undervalued on our models.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • The rarer combination: high quality (85/100) AND below fair value. That earns a closer look rather than a quick verdict.
  • The price is below even our cautious bear case (₹44.98). The market is more pessimistic than our downside scenario.
  • The model range is unusually wide (₹44.98 to ₹126.02). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

₹43.84 ₹8.40 Fair Value ₹59.98 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 22, 2026.

How to read this chart

60‑month range ₹8.40 – ₹43.84 · fair‑value band ₹44.98 – ₹126.02 · the ₹23.99 price screens below the ₹59.98 fair value. Dashed = 300-day average. As of Aug 22, 2026.

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Analysis

PRIME PROPERTY DEVELOPMENT CORPORATION LTD.-$ (PRIMEPRO) currently trades at ₹23.99, while our model-based Fair Value estimate is ₹59.98, implying the stock looks roughly 150.0% undervalued today. The Quality Score stands at 85/100 (high quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, PRIME PROPERTY DEVELOPMENT CORPORATION LTD.-$ generated revenue of ₹754M at a net margin of 32.8%. Revenue declined 6.8% year over year. It earns a return on equity of 26.6%. Net debt stands at ₹46.0M. Fundamentals as of Aug 22, 2026

Our scenario range runs from ₹44.98 (bear case) to ₹126.02 (bull case); at ₹23.99, the current price sits below that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 45% below its 52-week high and 56% above its 52-week low, currently below its 200-day average. For context, the median of 10 Real Estate peers we cover trades at 45% fair-value upside, at 150%, PRIMEPRO screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹497.45 ₹816.25 ₹1,403 80
Residual Income ₹85.97 ₹123.47 ₹681.35 76
Gordon GGM ₹7.77 ₹14.00 ₹19.27 70
All 15 models by family
DCF Models
FCF DCF ₹530.07 ₹767.27 ₹1,476 38
5Y Revenue Exit ₹282.10 ₹415.38 ₹689.21 39
5Y EBITDA Exit ₹313.90 ₹479.60 ₹802.04 41
10Y Revenue Exit ₹362.00 ₹631.67 ₹759.93 36
10Y EBITDA Exit ₹388.47 ₹694.12 ₹1,180 37
Dividend Discount
Gordon GGM ₹7.77 ₹14.00 ₹19.27 70
DDM Multi-Stage ₹7.77 ₹12.79 ₹14.96 61
Multiples
P/S Multiple ₹185.69 ₹247.58 ₹309.48 58
P/B Multiple ₹93.10 ₹124.13 ₹155.16 55
EV/EBIT ₹264.80 ₹348.34 ₹431.89 53
EV/EBITDA ₹208.32 ₹273.04 ₹337.76 54
EV/Revenue ₹152.39 ₹211.63 ₹270.87 43
Asset-Based
NCAV (Graham) ₹31.03 ₹41.58 ₹62.06 50
Growth DCF
Growth DCF ₹497.45 ₹816.25 ₹1,403 80
Economic Profit
Residual Income ₹85.97 ₹123.47 ₹681.35 76

Widest divergence: Growth DCF (₹816.25) versus Dividend Discount (₹12.79). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹754M
Revenue growth (YoY) -6.8%
Net margin 32.8%
Return on equity 26.6%
Free cash flow ₹643M FY2026
P/E ratio 1.6
More key figures
Operating margin 37.1%
EPS (TTM) ₹14.56
EPS growth (YoY) -72.8%
Net debt ₹46.0M FY2023

Figures from reported company fundamentals · as of Aug 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 85/100

Of which business quality 83 · Market factors (momentum, volatility) 33

Profitability 75
Margins and returns on capital today
Quality Growth 80
Are margins and returns improving?
Cashflow 100
Earnings quality: real cash, not paper profit
Fin. Strength 93
Balance sheet, leverage, solvency risk
Investment 56
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 15
Distance to the 52-week high (market factor)
Net Issuance 82
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Prime Property Development Corporation Limited engages in the real estate and property development businesses in India. The company operates in two segments, Property Development and Hotel. Its property portfolio comprises residential apartments, celebrity houses, commercial properties, and malls.

Full company description

Prime Property Development Corporation Limited engages in the real estate and property development businesses in India. The company operates in two segments, Property Development and Hotel. Its property portfolio comprises residential apartments, celebrity houses, commercial properties, and malls. The company was incorporated in 1992 and is headquartered in Mumbai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

PRIME PROPERTY DEVELOPMENT CORPORATION LTD.-$ reported revenue of ₹754M in FY2026 versus ₹0 in FY2022. Reported net income was ₹247M in FY2026.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2026)
₹754M
Avg. growth/yr (13Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
−2.4%
Revenue
FY22 ₹0
FY23 ₹0
FY24 ₹556M
FY25 ₹78.1M
FY26 ₹754M
Net income
FY22 −₹48.7M
FY23 ₹61.9M
FY24 ₹65.1M
FY25 ₹26.9M
FY26 ₹247M

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Cite: Fair Value Calculator (2026). "PRIME PROPERTY DEVELOPMENT CORPORATION LTD.-$ Fair Value". https://www.fairvalue-calculator.com/stock/PRIMEPRO

Peer Group

Real Estate - Development · 598 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 85 · Top 25%
Fair Value upside +150% · Top 25%
Return on equity (TTM) 27% · Top 25%
Return on assets 15% · Top 25%
Net margin (TTM) 33% · Top 25%
Operating margin (TTM) 37% · Top 25%
Revenue growth -7% · Below median
Dividend yield (TTM) 3.4% · Above median

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/E (TTM) 1.6× · Cheaper than 75% of peers
P/B 0.47× · Cheaper than median
P/S (TTM) 0.66× · Cheaper than median
P/FCF 0.0× · Cheaper than 75% of peers
EV/EBITDA 1.0× · Cheaper than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE100 · sector 42
FUTURE0 · sector 0
PAST100 · sector 9
HEALTH100 · sector 85
DIVIDEND68 · sector 55

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Real Estate - Development stocks, each showing price versus our Fair Value estimate (as of Aug 22, 2026).

Stock Price Fair Value vs Fair Value
DLF Limited DLF ₹667.10 ₹170.24 -74%
Macrotech Developers Limited LODHA ₹1,244 ₹583.42 -53%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,050 IDR 1,330 IDR -78%
PT Jaya Real Property, Tbk., JRPT 1,075 IDR 1,674 IDR +56%
PT Bumi Serpong Damai Tbk, BSDE 610.00 IDR 1,525 IDR +150%
PT Sentul City Tbk, BKSL 77.00 IDR 192.50 IDR +150%
PT Ciputra Development Tbk, CTRA 610.00 IDR 1,525 IDR +150%
PT Duta Pertiwi Tbk DUTI 4,300 IDR 6,239 IDR +45%
PT Puradelta Lestari Tbk DMAS 147.00 IDR 164.33 IDR +12%
Phat Dat Real Estate Development Corporation PDR 12,100 VND 4,943 VND -59%

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Frequently asked questions

Is PRIME PROPERTY DEVELOPMENT CORPORATION LTD.-$ (PRIMEPRO) overvalued or undervalued?
As of Aug 22, 2026, our model estimates a fair value of ₹59.98 versus a price of ₹23.99, about +150% (undervalued).
What is the fair value of PRIMEPRO?
Our model-based fair value for PRIME PROPERTY DEVELOPMENT CORPORATION LTD.-$ is ₹59.98 (as of Aug 22, 2026), built from audited fundamentals. The current price: ₹23.99.
What is the quality score of PRIMEPRO?
PRIME PROPERTY DEVELOPMENT CORPORATION LTD.-$ has a Quality Score of 85/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of PRIME PROPERTY DEVELOPMENT CORPORATION LTD.-$ (PRIMEPRO)?
PRIME PROPERTY DEVELOPMENT CORPORATION LTD.-$ reported trailing-twelve-month revenue of about ₹754M (latest available figure, as of Aug 22, 2026).
What is the net profit margin of PRIMEPRO?
The net profit margin of PRIME PROPERTY DEVELOPMENT CORPORATION LTD.-$ is about 32.8%, meaning it keeps roughly 32.8% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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