Prozone Realty Limited (PROZONER) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Prozone Realty Limited ₹18.18, price ₹52.53, upside -65.4%, quality 58 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.
How to read this chart
60‑month range ₹20.10 – ₹72.77 · fair‑value band ₹4.40 – ₹37.25 · the ₹52.53 price screens above the ₹18.18 fair value. Dashed = 300-day average. As of Oct 2, 2026.
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Prozone Realty Limited designs, develops, owns, and operates shopping malls, and commercial and residential premises in India. It operates through Leasing and Outright Sales segments. The company develops and operates regional shopping centers, gated residential complexes and villas, and commercial offices. It also provides management consultancy services.
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Prozone Realty Limited designs, develops, owns, and operates shopping malls, and commercial and residential premises in India. It operates through Leasing and Outright Sales segments. The company develops and operates regional shopping centers, gated residential complexes and villas, and commercial offices. It also provides management consultancy services. Prozone Realty Limited was formerly known as Prozone Intu Properties Limited and changed its name to Prozone Realty Limited in May 2023. Prozone Realty Limited was incorporated in 2007 and is based in Mumbai, India.
Stock analysis
Prozone Realty Limited (PROZONER) currently trades at ₹52.53, while our model-based Fair Value estimate is ₹18.18, 65.4% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ₹46.62 per share, and 2 of the 14 models we run sit above the ₹52.53 price.
Bear case: the Multiples group reads lowest at ₹11.91, and 12 of the 14 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹4.40 (bear) to ₹37.25 (bull), the price of ₹52.53 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 58/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Prozone Realty Limited reported revenue of ₹2.0B in FY2026 versus ₹934M in FY2022, a compound +20.2%/yr. Reported net income was ₹107M in FY2026.
Key figures
Market cap ₹8.0B (≈ $83.3M) · P/E ratio 131.3 · P/S ratio 7.19 · EPS (TTM) ₹0.4000 · Net margin 5.5% · Return on equity 2.8% · Return on assets (EBIT) 2.4% · Operating margin −40.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 37 out of 100 (medium confidence).
What moves the price
The share trades about 28% below its 52-week high and 28% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −48% fair-value upside, at −65%, PROZONER screens richer than that median.
Fair Value models
Bear ₹4.40Fair Value ₹18.18Bull ₹37.25
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹0.2027 per share) are deliberately not added.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.90/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+9.2%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+4.1%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+34.2%
Start year 2021 (pandemic)
’21
’22
’23
’24
’25
’26
What shareholders gained per year (last 3 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 3 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
−10.5%
Earnings growth per share plus dividend.
Earnings per share, growth per year−10.5%
Dividend (yield on the price)0.0%
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−22% → 28%
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+32.3%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +27.1% a year for the price.
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Real Estate - Diversified · 133 stocks
Beats the industry median on 3/13 measures
Overall it trails its industry peers.
Valuation
Quality Score60 · Above median
Fair Value upside−38.5% · Bottom 25%
Profitability
Return on equity (TTM)2.8% · Below median
Return on assets2.3% · Above median
Net margin (TTM)5.5% · Below median
Operating margin (TTM)24.1% · Above median
Growth and dividend
Revenue growth−0.5% · Below median
Balance sheet
Debt / equity1.37× · Highest 25%
Valuation Multiplesvs Real Estate - Diversified median · lower = cheaper
P/E (TTM)131.3× · Priciest 25%
P/B1.76× · Priciest 25%
P/S (TTM)4.11× · Pricier than median
P/FCF20.3× · Pricier than median
EV/EBITDA17.6× · Pricier than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 36
FUTURE (revenue growth)0· sector 11
PAST (return on equity)11· sector 19
HEALTH (low debt)32· sector 74
DIVIDEND (yield)0· sector 61
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is Prozone Realty Limited (PROZONER) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of ₹18.18 versus a price of ₹52.53, about −65% upside (overvalued).
What is the fair value of PROZONER?
Our model-based fair value for Prozone Realty Limited is ₹18.18 (as of Oct 2, 2026), built from audited fundamentals. The current price: ₹52.53.
What is the quality score of PROZONER?
Prozone Realty Limited has a Quality Score of 58/100. 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 price target for Prozone Realty Limited (PROZONER)?
Our model-based price target is the fair value of ₹18.18 (as of Oct 2, 2026) from 14 valuation models. Cautious scenario ₹4.40, optimistic scenario ₹37.25. It is a calculation from audited fundamentals, not an analyst target.
What is the Prozone Realty Limited stock forecast for 2026?
Our models put fair value at ₹18.18, about −65% upside versus a price of ₹52.53 (overvalued). Cautious scenario ₹4.40, optimistic scenario ₹37.25. The calculation is refreshed regularly with new filings.
What is the revenue of Prozone Realty Limited (PROZONER)?
Prozone Realty Limited reported trailing-twelve-month revenue of about ₹2.0B (latest available figure, as of Oct 2, 2026).
What growth is priced into Prozone Realty Limited (PROZONER)?
For today's price to be fair in a discounted-cash-flow model, Prozone Realty Limited would have to grow free cash flow by +32.3 % per year for five years (discount rate 14.7 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +34.2 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of PROZONER use?
Our models discount Prozone Realty Limited at 14.7 %: a base by market capitalisation (micro), damped by beta 0.82, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Prozone Realty Limited that is +32.3 % per year a year over ten years, using the same discount rate (14.7 %) and the same formula as our fair value.
How much growth has Prozone Realty Limited (PROZONER) delivered so far?
Over the past 5 years revenue at Prozone Realty Limited grew +34.2 % a year. The price currently implies +32.3 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Prozone Realty Limited (PROZONER) growing?
The median revenue growth in the sector is +1.9 % a year. That is the yardstick for the growth priced into Prozone Realty Limited (+32.3 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Prozone Realty Limited (PROZONER)?
The free-cash-flow yield on the price is 4.93 %: that much free cash flow Prozone Realty Limited produces per unit of market value. When it exceeds the discount rate of our models (14.7 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Prozone Realty Limited (PROZONER)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Prozone Realty Limited it is ₹18.18 per share (as of Oct 2, 2026), against a price of ₹52.53. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Prozone Realty Limited stock overvalued or undervalued in 2026?
As of Oct 2, 2026, PROZONER trades above its calculated fair value: price ₹52.53, fair value ₹18.18, a gap of about −65% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of PROZONER?
No. The price is what the market pays today (₹52.53); the fair value is what the company's own numbers justify (₹18.18). For Prozone Realty Limited the two are ₹34.35 per share apart. That gap is exactly why we show both numbers side by side.
How much is Prozone Realty Limited worth?
The market values Prozone Realty Limited at about ₹8.0B (market capitalisation, as of Oct 2, 2026). Per share that is ₹52.53; our models calculate a fair value of ₹18.18 per share.
What do the bullish and bearish scenarios say about PROZONER?
Our models span a range for Prozone Realty Limited: cautious scenario ₹4.40, base ₹18.18, optimistic ₹37.25 per share (as of Oct 2, 2026, price ₹52.53). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of PROZONER?
Prozone Realty Limited trades at a price-to-earnings ratio of 131.3 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹18.18 is built from several models across several years. Other multiples: P/B 1.8, P/S 4.1, EV/EBITDA 17.6.
How solid is the balance sheet of Prozone Realty Limited (PROZONER)?
Balance-sheet figures for Prozone Realty Limited (as of Oct 2, 2026): return on equity 2.8%, debt of 1.37 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is PROZONER from its 52-week high?
Prozone Realty Limited trades at ₹52.53, about 28% below its 52-week high of ₹72.77 and 28% above the low of ₹41.04 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹18.18 is for.
Which stocks are comparable to Prozone Realty Limited?
From the same area (Real Estate) we also value Swiss Prime Site AG, Central Pattana Public Company, The Phoenix Mills Limited, Prestige Estates Projects Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Prozone Realty Limited stock attractive at the current price?
The data as of Oct 2, 2026: price ₹52.53, calculated fair value ₹18.18 (−65%), Quality Score 58/100, from 14 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of PROZONER calculated?
We run Prozone Realty Limited through 14 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹18.18, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Prozone Realty Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Prozone Realty Limited (PROZONER)?
The closing price on Oct 1, 2026 was ₹52.53. Our model-based fair value is ₹18.18, about −65% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Prozone Realty Limited right now?
The price sits above even our optimistic bull case (₹37.25). The favourable scenario is already priced in. The model range is unusually wide (₹4.40 to ₹37.25). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of Prozone Realty Limited
How large is the market capitalisation of Prozone Realty Limited (PROZONER)?
The market capitalisation of Prozone Realty Limited is ₹8.0B (≈ $83.3M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Prozone Realty Limited (PROZONER)?
The price-to-sales ratio of Prozone Realty Limited is 7.19 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Prozone Realty Limited (PROZONER)?
Earnings per share at Prozone Realty Limited are ₹0.4000 (price ÷ EPS = P/E 131.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Prozone Realty Limited (PROZONER)?
The net margin of Prozone Realty Limited is 5.5% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Prozone Realty Limited (PROZONER)?
The return on equity (ROE) of Prozone Realty Limited is 2.8% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Prozone Realty Limited (PROZONER)?
On an EBIT basis the return on assets of Prozone Realty Limited is 2.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Prozone Realty Limited (PROZONER)?
The operating margin of Prozone Realty Limited is −40.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Prozone Realty Limited (PROZONER)?
Revenue at Prozone Realty Limited is growing −60.1% versus a year earlier (3y avg +4.1%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Prozone Realty Limited (PROZONER)?
Earnings per share at Prozone Realty Limited are growing +80.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Prozone Realty Limited (PROZONER) carry?
The net debt of Prozone Realty Limited is ₹5.8B (fiscal year 2026, ≈ 14.7 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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