BSE: 530695
PRIME PROPERTY DEVELOPMENT COR
Develops and trades property as its single business segment, with a wholly-owned subsidiary Sea-King Club Private Limited that runs a small hotel. FY26 revenue of 75.42 crore was inflated by a one-time gain of around Rs 1,116.65 lakhs from selling immovable properties, plant & machinery, and investment properties in Maharashtra between January and February 2026. Underlying property development activity is much smaller — standalone revenue for the quarter ended December 2025 was Rs 155.95 lakhs. Materials are the dominant cost at 60.8% of revenue. The company carries no debt, with debt-to-equity of zero as of FY26. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Property Development & Trading in Equity & Derivative (100%), Hotel (0%). Small-cap, debt-free, single-segment property developer with a negligible hotel subsidiary
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 0 | 0 | 56 | 8 | 75 |
| EBITDA (ex other income) | (3) | (3) | 9 | 2 | 26 |
| margin % | — | — | 15.6 | 26.9 | 34.3 |
| Owners' profit | 0 | 0 | 0 | 0 | 0 |
| EPS, as reported (₹) | (12.39) | 3.71 | 3.86 | 1.60 | 14.64 |
| ROE % · ROCE % | (7.5) · (6.9) | 8.7 · 0.2 | 8.4 · 11.7 | 3.3 · 5.9 | 23.5 · 30.6 |
| Debt / equity (x) | 0.00 | 0.08 | 0.00 | 0.00 | 0.00 |
| Cash from operations | (1) | (0) | (2) | 4 | 64 |
| Capex | 0 | 0 | 0 | 0 | 0 |
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0 | 8 | 0 | 0 | 0 | 0 | 75 | 11 |
| Profit before tax | (0) | 5 | 0 | 0 | 1 | 1 | 30 | (5) |
| Net profit | (0) | 3 | (1) | 0 | 1 | 1 | 23 | (5) |
| EPS (₹) | (0.20) | 2.02 | 0.62 | 0.04 | 0.62 | 0.55 | 13.42 | 2.74 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| KESAR INDIA LIMITED | 3,169 | 84.1 | 12.72 | 68.8 | 12.0 | 15.2 | — | 26.9 |
| MEGHNA INFRACON INFRA L | 1,469 | 216.7 | 54.60 | 144.2 | 20.8 | 33.9 | — | 15.3 |
| India Homes Limited | 1,031 | — | 27.82 | — | (31.0) | (17.8) | — | — |
| B-RIGHT REALESTATE LIMITED | 964 | 26.9 | — | — | — | 19.2 | — | — |
| SHRADDHA PRIME PROJECTS L | 687 | 12.3 | 5.03 | 11.6 | 39.1 | 20.2 | — | 16.1 |
| YOGI LTD. | 656 | 31.5 | 4.61 | 25.6 | 14.9 | 15.6 | — | 5.1 |
| HAZOOR MULTI PROJECTS LTD | 419 | 5.6 | 0.67 | 3.2 | 6.8 | 5.8 | — | 86.5 |
| RDB INFRASTRUCTURE AND POWER L | 347 | 17.6 | 1.30 | 21.8 | 4.7 | 5.7 | 16.3 | 23.7 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 1.4 | 17.6 | 2 of 61 | 98% |
| P/B | 0.4 | 1.0 | 15 of 69 | 79% |
| ROCE | 30.6 | 1.9 | 5 of 88 | 95% |
| ROE | 23.5 | 1.6 | 5 of 73 | 94% |
| Debt / Equity | 0.0 | 0.3 | 1 of 73 | 76% |
| EBITDA margin | (41.0) | 15.3 | 51 of 59 | 14% |
| Profit growth | (6688.4) | (48.8) | 79 of 79 | 0% |
| Market cap | 42 | 30 | 37 of 87 | 58% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 9 Oct 2026 · Quarterly dematerialisation certificate submitted to BSE for Q2 FY27 | compliance | minimal | — | — |
| 30 Sept 2026 · Re-appoints two promoter sons as WTDs, regularizes Independent Director | management changes | medium | — | — |
| 30 Sept 2026 · Prime Property Development Corporation - 34th AGM voting results, all 5 resolutions passed | board shareholder meetings | low | — | — |
| 30 Sept 2026 · All 5 resolutions passed at 34th AGM with 99.99 percent approval | board shareholder meetings | low | — | — |
| 30 Sept 2026 · 34th AGM held on 30 Sep 2026 - proceedings summary filed with BSE | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Trading Window Closed Ahead of Q2 FY27 Results | compliance | minimal | — | — |
| 7 Sept 2026 · Filing of newspaper clippings of notice for 34th AGM on 30 September 2026 | compliance | minimal | — | — |
| 5 Sept 2026 · Intimation to Physical Shareholders for 34th AGM on 30 Sep 2026 | board shareholder meetings | low | — | — |
| 5 Sept 2026 · 34th Annual Report and AGM Notice for FY 2025-26 submitted | compliance | medium | — | — |
| 5 Sept 2026 · 34th AGM on 30 Sep 2026 via video conferencing; 5 resolutions on agenda | board shareholder meetings | low | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.