Prozone Intu Propert

₹22.8 -0.3 | 1.2%

WEBSITE BSE:534675 NSE : PROZONINTU 23 Mar, 16:01

Market Cap ₹348 Cr.

Stock P/E 14.1

P/B 0.7

Current Price ₹22.8

Book Value ₹ 33.2

Face Value 2

52W High ₹39.7

Dividend Yield 0%

52W Low ₹ 19.1

Edit Ratio

Prozone Intu Propert Research see more...

Prozone Intu Properties Limited: India’s growth story should lend primary support

Overview Inc. Year: 2007Industry: Construction - Real Estate

Prozone Intu Properties Ltd is a retail and residential-led blended-use real estate improvement organization. The Company is engaged inside the business of designing, developing, owning and operating of shopping malls, business and residential premises via its diverse special purpose motors (SPVs), and is also imparting associated control consultancy offerings. The Company's business segments encompass Leasing and Outright Sales. The Company owns over six land banks aggregating about 170 acres with most saleable location of about 17.8 million square ft in metropolis locations spread across approximately six cities in India. Its Prozone Mall is located in Aurangabad, in which there are over 10 anchor tenants and approximately 100 plus shops operational. Its subsidiaries consist of Alliance Mall Developers Co. Pvt Ltd, Jaipur Festival City Pvt Ltd, Kruti Multitrade Pvt Ltd, Royal Mall Pvt Ltd and Prozone Liberty International Ltd.

Quarterly Price

Quarterly Monthly

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Peer Comparison

Prozone Intu Propert Quarterly Results

#(Fig in Cr.)	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Net Sales	3	15	27	7	30	26	29	29	27	62
Other Income	4	3	4	7	5	4	7	4	19	20
Total Income	7	18	30	14	35	31	36	33	45	82
Total Expenditure	5	7	10	7	18	13	16	13	13	51
Operating Profit	3	10	21	7	17	17	20	20	33	31
Interest	12	13	10	10	10	10	10	10	10	10
Depreciation	8	8	8	7	7	7	7	6	6	6
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	-17	-10	2	-10	0	0	4	4	17	15
Provision for Tax	1	-0	-1	-1	-3	0	-1	1	0	3
Profit After Tax	-18	-10	3	-9	3	-0	5	3	17	13
Adjustments	7	3	-4	4	-2	-1	-3	-3	-3	-3
Profit After Adjustments	-11	-7	-1	-5	1	-1	2	0	13	9
Adjusted Earnings Per Share	-0.7	-0.4	-0.1	-0.3	0.1	-0.1	0.1	0	0.9	0.6

Prozone Intu Propert Profit & Loss

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	58	77	52	58	86	63	96	118	85	45	93	147
Other Income	14	7	6	4	8	11	12	16	20	14	22	50
Total Income	72	84	59	62	95	74	108	134	105	59	115	196
Total Expenditure	50	58	37	41	63	58	59	58	37	26	54	93
Operating Profit	22	26	21	21	32	16	49	76	69	33	61	104
Interest	17	15	17	16	11	10	27	34	42	45	40	40
Depreciation	27	24	21	16	13	12	27	34	33	30	27	25
Exceptional Income / Expenses	-5	-1	0	-1	-0	0	0	0	0	0	0	0
Profit Before Tax	-27	-13	-16	-12	8	-6	-5	8	-6	-42	-6	40
Provision for Tax	9	1	2	0	4	-7	2	1	-2	-0	-4	3
Profit After Tax	-36	-14	-18	-12	4	1	-7	6	-4	-42	-1	38
Adjustments	13	5	9	6	3	0	3	-4	3	14	-2	-12
Profit After Adjustments	-23	-9	-9	-6	7	2	-4	2	-2	-28	-4	24
Adjusted Earnings Per Share	0	-0.6	-0.6	-0.4	0.5	0.1	-0.3	0.2	-0.1	-1.8	-0.2	1.6

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	107%	-8%	8%	5%
Operating Profit CAGR	85%	-7%	31%	11%
PAT CAGR	0%	NAN%	NAN%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	1%	37%	-13%	0%
ROE Average	-0%	-3%	-2%	-2%
ROCE Average	4%	3%	3%	2%

Prozone Intu Propert Balance Sheet

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	524	516	506	500	551	533	523	499	497	481	482
Minority's Interest	211	206	197	191	303	340	343	328	325	299	304
Borrowings	127	152	176	218	222	274	332	333	367	407	431
Other Non-Current Liabilities	9	10	28	43	11	-52	-39	-30	-40	-42	-53
Total Current Liabilities	37	53	76	81	79	88	88	218	378	387	384
Total Liabilities	908	937	984	1033	1165	1185	1247	1348	1526	1532	1548
Fixed Assets	644	532	512	529	494	109	718	779	737	95	94
Other Non-Current Assets	68	74	125	205	275	749	284	210	234	801	725
Total Current Assets	196	331	347	299	396	328	244	359	556	637	729
Total Assets	908	937	984	1033	1165	1185	1247	1348	1526	1532	1548

Prozone Intu Propert Cash Flow

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	0	37	5	3	9	16	19	4	2	8	46
Cash Flow from Operating Activities	27	-8	23	30	-30	-52	-10	28	-18	-18	91
Cash Flow from Investing Activities	38	-34	-32	-50	-116	16	-10	-11	4	52	-56
Cash Flow from Financing Activities	-31	10	6	26	153	40	4	-20	20	4	-47
Net Cash Inflow / Outflow	34	-32	-2	6	7	4	-16	-2	6	38	-12
Closing Cash & Cash Equivalent	37	5	3	9	16	19	4	2	8	46	35

Prozone Intu Propert Ratios

#	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	0	-0.59	-0.6	-0.43	0.48	0.11	-0.29	0.16	-0.1	-1.81	-0.23
CEPS(Rs)	-0.59	0.66	0.16	0.27	1.14	0.85	1.27	2.64	1.9	-0.75	1.65
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	0	33.78	33.17	32.74	36.09	34.96	34.27	32.71	32.54	31.5	31.6
Core EBITDA Margin(%)	14.47	25.32	28.51	29.51	27.47	7.77	39.13	51.2	54.4	42.59	41.79
EBIT Margin(%)	-17.64	2.59	1.38	6.82	21.76	6.26	23.53	35.66	39.5	5.85	36.63
Pre Tax Margin(%)	-46.12	-16.86	-31.2	-20.76	9.16	-9.23	-5.04	6.63	-7.13	-94.09	-6.36
PAT Margin (%)	-61.57	-17.66	-34.82	-21.38	4.84	1.95	-7.46	5.37	-5.03	-92.99	-1.59
Cash Profit Margin (%)	-15.28	13.11	4.64	7.14	20.13	20.49	20.17	34.11	32.49	-25.62	27
ROA(%)	-3.96	-1.48	-1.9	-1.23	0.38	0.11	-0.59	0.49	-0.31	-2.73	-0.1
ROE(%)	-6.86	-2.62	-3.57	-2.46	0.79	0.23	-1.36	1.24	-0.9	-8.54	-0.31
ROCE(%)	-1.54	0.29	0.1	0.55	2.45	0.49	2.66	4.91	3.99	0.28	3.64
Receivable days	143.63	174.45	401.58	432.59	342.07	499.75	282.75	153.89	110.71	169.59	100.76
Inventory Days	411.82	568.34	1278.53	1100.17	703.73	1058.66	638.31	651	1390.73	3472.05	1799.99
Payable days	96.69	82.09	459.05	269.56	143.44	272.88	234.6	292.63	0	0	218.34
PER(x)	0	0	0	0	56.56	350.57	0	184.77	0	0	0
Price/Book(x)	0	0.7	0.46	0.87	0.76	1.06	1.27	0.9	0.25	0.53	0.68
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	2.3	6.79	8.06	11.49	7.38	13.35	10.39	6.78	6.14	14.77	7.82
EV/Core EBITDA(x)	6.08	19.9	19.73	31.26	19.81	53.85	20.31	10.53	7.62	20.19	11.98
Net Sales Growth(%)	0	32.14	-32.17	10.28	49.27	-26.73	52.2	22.96	-28.07	-47.24	108.14
EBIT Growth(%)	0	119.39	-63.81	444.48	376.02	-78.93	472.43	86.35	-16.57	-92.54	1202.94
PAT Growth(%)	0	62.1	-33.76	32.27	133.8	-70.43	-680.89	188.54	-170.52	-831.74	96.44
EPS Growth(%)	0	0	-2.47	29.06	213.55	-78.21	-379.6	154.36	-162.17	-1722.19	87.33
Debt/Equity(x)	0.27	0.34	0.39	0.48	0.43	0.56	0.65	0.71	0.83	0.96	0.95
Current Ratio(x)	5.31	6.23	4.55	3.67	5.04	3.72	2.78	1.65	1.47	1.64	1.9
Quick Ratio(x)	3.53	2.94	2.02	1.76	2.79	1.56	1.11	0.38	0.4	0.48	0.67
Interest Cover(x)	-0.62	0.13	0.04	0.25	1.73	0.4	0.82	1.23	0.85	0.06	0.85
Total Debt/Mcap(x)	0	0.48	0.84	0.56	0.57	0.53	0.51	0.78	3.29	1.81	1.4

Prozone Intu Propert Shareholding Pattern

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	30.22	30.07	29.87	27.83	27.81	27.74	27.57	27.54	27.38	26.74
FII	6.8	6.8	6.56	6.56	6.56	6.56	6.2	6.06	5.57	34.4
DII	0.07	0.07	0	0	0	0	0	0	28.83	0
Public	62.91	63.06	63.57	65.61	65.63	65.7	66.24	66.39	38.23	38.86
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	4.61	4.59	4.56	4.25	4.24	4.23	4.21	4.2	4.18	4.08
FII	1.04	1.04	1	1	1	1	0.95	0.93	0.85	5.25
DII	0.01	0.01	0	0	0	0	0	0	4.4	0
Public	9.6	9.62	9.7	10.01	10.01	10.03	10.11	10.13	5.83	5.93
Others	0	0	0	0	0	0	0	0	0	0
Total	15.26	15.26	15.26	15.26	15.26	15.26	15.26	15.26	15.26	15.26