Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Prestige Estates Projects Limited
Physical assets are 61.8% of total assets, a heavy footprint. Capex is 3.18x depreciation and free cash flow yield is negative, so the physical base is expanding and consuming cash. EBITDA after capex covers debt service by 0.12x, which is below 1.
Real estate revenue is mostly rent, so fixed-asset turnover often sits around 0.05x to 0.15x. This name is at 2.60x.
Physical asset ratio
61.8%Physical asset ratio · 2026-03-31(Net PP&E + inventory) / total assetsNet PP&EINR 50.73BpropertyPlantAndEquipmentNetInventoryINR 402.52BinventoryTotal assetsINR 733.68BtotalAssetsResult 61.8%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
2.60xFixed asset turnover · 2026-03-31Revenue / net PP&ERevenueINR 131.96BtotalRevenueNet PP&EINR 50.73BpropertyPlantAndEquipmentNetResult 2.60x
Revenue per dollar of the physical asset base.
Capex / D&A
3.18xCapex / D&A · 2026-03-31Capital expenditures / depreciation and amortizationCapexINR 28.83BcapitalExpendituresD&AINR 9.06BdepreciationAndAmortizationResult 3.18x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
INR 388.82Tangible book / share · 2026-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsINR 733.68BtotalAssetsGoodwillINR 534.00MgoodWillIntangiblesINR 128.00MintangibleAssetsLiabilitiesINR 565.57BtotalLiabTangible bookINR 167.45BShares430,656,000commonStockSharesOutstandingResult INR 388.82
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
3.74xPrice / tangible bookPrice / tangible book per sharePriceINR 1.45KLatest quoteTangible book / shareINR 388.822026-03-31Result 3.74x
Price INR 1.45K.
Fixed-charge coverage
0.12xFixed-charge coverage · 2026-03-31(EBITDA − capex) / (interest + short-term debt)EBITDAINR 42.02BebitdaCapexINR 28.83BcapitalExpendituresInterestINR 15.82BinterestExpenseShort-term debtINR 93.55BshortLongTermDebtEBITDA − capexINR 13.19BThe short-term debt line matched total current liabilities, so principal due is the current portion of debt.Result 0.12x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
-1.1%Free cash flow yield · 2026-03-31Latest free cash flow / current market capFree cash flow-INR 7.00BfreeCashFlowMarket capINR 619.82BMarketCapitalizationResult -1.1%
Latest free cash flow divided by current market cap (INR 619.82B).
ROIC
8.3%ROIC · 2026-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeINR 33.13BoperatingIncomeTax expenseINR 4.08BincomeTaxExpensePretax incomeINR 17.14BincomeBeforeTaxTax rate23.8%EquityINR 162.73BtotalStockholderEquityDebtINR 176.59BshortLongTermDebtTotalCashINR 33.72BcashAndShortTermInvestmentsInvested capitalINR 305.60BResult 8.3%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.65x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2019 | 59.4%Physical asset ratio · 2019-03-31(Net PP&E + inventory) / total assetsNet PP&EINR 38.89BpropertyPlantAndEquipmentNetInventoryINR 131.50BinventoryTotal assetsINR 286.98BtotalAssetsResult 59.4% | 1.33xFixed asset turnover · 2019-03-31Revenue / net PP&ERevenueINR 51.72BtotalRevenueNet PP&EINR 38.89BpropertyPlantAndEquipmentNetResult 1.33x | 2.37xCapex / D&A · 2019-03-31Capital expenditures / depreciation and amortizationCapexINR 7.65BcapitalExpendituresD&AINR 3.23BdepreciationAndAmortizationResult 2.37x | INR 107.20Tangible book / share · 2019-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsINR 286.98BtotalAssetsGoodwillINR 3.07BgoodWillIntangiblesINR 116.00MintangibleAssetsLiabilitiesINR 243.60BtotalLiabTangible bookINR 40.20BShares375,000,000commonStockSharesOutstandingResult INR 107.20 | 0.08xFixed-charge coverage · 2019-03-31(EBITDA − capex) / (interest + short-term debt)EBITDAINR 14.60BebitdaCapexINR 7.65BcapitalExpendituresInterestINR 6.89BinterestExpenseShort-term debtINR 85.35BshortTermDebtEBITDA − capexINR 6.95BPrincipal due is short-term debt.Result 0.08x | -INR 31.00MFree cash flow · 2019-03-31Reported free cash flowOperating cash flowINR 7.62BtotalCashFromOperatingActivitiesCapexINR 7.65BcapitalExpendituresFree cash flow-INR 31.00MfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -INR 31.00M | 11.8%ROIC · 2019-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeINR 20.59BoperatingIncomeTax expenseINR 1.99BincomeTaxExpensePretax incomeINR 6.40BincomeBeforeTaxTax rate31.0%EquityINR 42.27BtotalStockholderEquityDebtINR 84.87BshortLongTermDebtTotalCashINR 6.60BcashAndShortTermInvestmentsInvested capitalINR 120.54BResult 11.8% | 0.53xEBIT / PP&E · 2019-03-31Operating income / net PP&EOperating incomeINR 20.59BoperatingIncomeNet PP&EINR 38.89BpropertyPlantAndEquipmentNetResult 0.53x |
| 2020 | 54.1%Physical asset ratio · 2020-03-31(Net PP&E + inventory) / total assetsNet PP&EINR 47.30BpropertyPlantAndEquipmentNetInventoryINR 113.75BinventoryTotal assetsINR 297.72BtotalAssetsResult 54.1% | 1.72xFixed asset turnover · 2020-03-31Revenue / net PP&ERevenueINR 81.25BtotalRevenueNet PP&EINR 47.30BpropertyPlantAndEquipmentNetResult 1.72x | 2.32xCapex / D&A · 2020-03-31Capital expenditures / depreciation and amortizationCapexINR 15.45BcapitalExpendituresD&AINR 6.67BdepreciationAndAmortizationResult 2.32x | INR 133.51Tangible book / share · 2020-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsINR 297.72BtotalAssetsGoodwillINR 5.17BgoodWillIntangiblesINR 72.00MintangibleAssetsLiabilitiesINR 241.83BtotalLiabTangible bookINR 50.65BShares379,339,000commonStockSharesOutstandingResult INR 133.51 | 0.20xFixed-charge coverage · 2020-03-31(EBITDA − capex) / (interest + short-term debt)EBITDAINR 23.59BebitdaCapexINR 15.45BcapitalExpendituresInterestINR 9.78BinterestExpenseShort-term debtINR 30.54BshortLongTermDebtEBITDA − capexINR 8.14BPrincipal due is the current portion of debt.Result 0.20x | INR 6.81BFree cash flow · 2020-03-31Reported free cash flowOperating cash flowINR 22.26BtotalCashFromOperatingActivitiesCapexINR 15.45BcapitalExpendituresFree cash flowINR 6.81BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result INR 6.81B | 13.9%ROIC · 2020-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeINR 31.15BoperatingIncomeTax expenseINR 2.78BincomeTaxExpensePretax incomeINR 8.27BincomeBeforeTaxTax rate33.7%EquityINR 53.60BtotalStockholderEquityDebtINR 103.06BshortLongTermDebtTotalCashINR 8.02BcashAndShortTermInvestmentsInvested capitalINR 148.65BResult 13.9% | 0.66xEBIT / PP&E · 2020-03-31Operating income / net PP&EOperating incomeINR 31.15BoperatingIncomeNet PP&EINR 47.30BpropertyPlantAndEquipmentNetResult 0.66x |
| 2021 | 54.3%Physical asset ratio · 2021-03-31(Net PP&E + inventory) / total assetsNet PP&EINR 49.37BpropertyPlantAndEquipmentNetInventoryINR 95.81BinventoryTotal assetsINR 267.19BtotalAssetsResult 54.3% | 1.47xFixed asset turnover · 2021-03-31Revenue / net PP&ERevenueINR 72.42BtotalRevenueNet PP&EINR 49.37BpropertyPlantAndEquipmentNetResult 1.47x | 1.27xCapex / D&A · 2021-03-31Capital expenditures / depreciation and amortizationCapexINR 7.52BcapitalExpendituresD&AINR 5.93BdepreciationAndAmortizationResult 1.27x | INR 175.54Tangible book / share · 2021-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsINR 267.19BtotalAssetsGoodwillINR 534.00MgoodWillIntangiblesINR 51.00MintangibleAssetsLiabilitiesINR 196.24BtotalLiabTangible bookINR 70.37BShares400,861,654commonStockSharesOutstandingResult INR 175.54 | 0.56xFixed-charge coverage · 2021-03-31(EBITDA − capex) / (interest + short-term debt)EBITDAINR 19.63BebitdaCapexINR 7.52BcapitalExpendituresInterestINR 9.52BinterestExpenseShort-term debtINR 11.97BshortLongTermDebtEBITDA − capexINR 12.11BPrincipal due is the current portion of debt.Result 0.56x | INR 11.01BFree cash flow · 2021-03-31Reported free cash flowOperating cash flowINR 18.53BtotalCashFromOperatingActivitiesCapexINR 7.52BcapitalExpendituresFree cash flowINR 11.01BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result INR 11.01B | 22.3%ROIC · 2021-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeINR 24.21BoperatingIncomeTax expenseINR 5.19BincomeTaxExpensePretax incomeINR 33.98BincomeBeforeTaxTax rate15.3%EquityINR 66.75BtotalStockholderEquityDebtINR 48.98BshortLongTermDebtTotalCashINR 23.62BcashAndShortTermInvestmentsInvested capitalINR 92.11BResult 22.3% | 0.49xEBIT / PP&E · 2021-03-31Operating income / net PP&EOperating incomeINR 24.21BoperatingIncomeNet PP&EINR 49.37BpropertyPlantAndEquipmentNetResult 0.49x |
| 2022 | 53.1%Physical asset ratio · 2022-03-31(Net PP&E + inventory) / total assetsNet PP&EINR 46.07BpropertyPlantAndEquipmentNetInventoryINR 115.67BinventoryTotal assetsINR 304.44BtotalAssetsResult 53.1% | 1.39xFixed asset turnover · 2022-03-31Revenue / net PP&ERevenueINR 63.90BtotalRevenueNet PP&EINR 46.07BpropertyPlantAndEquipmentNetResult 1.39x | 4.82xCapex / D&A · 2022-03-31Capital expenditures / depreciation and amortizationCapexINR 22.70BcapitalExpendituresD&AINR 4.71BdepreciationAndAmortizationResult 4.82x | INR 236.67Tangible book / share · 2022-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsINR 304.44BtotalAssetsGoodwillINR 534.00MgoodWillIntangiblesINR 62.00MintangibleAssetsLiabilitiesINR 208.97BtotalLiabTangible bookINR 94.87BShares400,861,654commonStockSharesOutstandingResult INR 236.67 | -0.24xFixed-charge coverage · 2022-03-31(EBITDA − capex) / (interest + short-term debt)EBITDAINR 15.46BebitdaCapexINR 22.70BcapitalExpendituresInterestINR 5.14BinterestExpenseShort-term debtINR 25.10BshortLongTermDebtEBITDA − capex-INR 7.25BPrincipal due is the current portion of debt.Result -0.24x | -INR 1.31BFree cash flow · 2022-03-31Reported free cash flowOperating cash flowINR 21.40BtotalCashFromOperatingActivitiesCapexINR 22.70BcapitalExpendituresFree cash flow-INR 1.31BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -INR 1.31B | 15.9%ROIC · 2022-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeINR 26.65BoperatingIncomeTax expenseINR 2.95BincomeTaxExpensePretax incomeINR 15.09BincomeBeforeTaxTax rate19.5%EquityINR 90.95BtotalStockholderEquityDebtINR 74.12BshortLongTermDebtTotalCashINR 29.86BcashAndShortTermInvestmentsInvested capitalINR 135.21BResult 15.9% | 0.58xEBIT / PP&E · 2022-03-31Operating income / net PP&EOperating incomeINR 26.65BoperatingIncomeNet PP&EINR 46.07BpropertyPlantAndEquipmentNetResult 0.58x |
| 2023 | 52.7%Physical asset ratio · 2023-03-31(Net PP&E + inventory) / total assetsNet PP&EINR 48.94BpropertyPlantEquipmentInventoryINR 143.67BinventoryTotal assetsINR 365.83BtotalAssetsResult 52.7% | 1.70xFixed asset turnover · 2023-03-31Revenue / net PP&ERevenueINR 83.15BtotalRevenueNet PP&EINR 48.94BpropertyPlantEquipmentResult 1.70x | 2.55xCapex / D&A · 2023-03-31Capital expenditures / depreciation and amortizationCapexINR 16.50BcapitalExpendituresD&AINR 6.47BdepreciationAndAmortizationResult 2.55x | INR 254.46Tangible book / share · 2023-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsINR 365.83BtotalAssetsGoodwillINR 534.00MgoodWillIntangiblesINR 47.00MintangibleAssetsLiabilitiesINR 263.24BtotalLiabTangible bookINR 102.00BShares400,862,000commonStockSharesOutstandingResult INR 254.46 | 0.08xFixed-charge coverage · 2023-03-31(EBITDA − capex) / (interest + short-term debt)EBITDAINR 20.90BebitdaCapexINR 16.50BcapitalExpendituresInterestINR 8.07BinterestExpenseShort-term debtINR 47.11BshortLongTermDebtEBITDA − capexINR 4.40BPrincipal due is the current portion of debt.Result 0.08x | -INR 1.11BFree cash flow · 2023-03-31Reported free cash flowOperating cash flowINR 15.40BtotalCashFromOperatingActivitiesCapexINR 16.50BcapitalExpendituresFree cash flow-INR 1.11BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -INR 1.11B | 14.6%ROIC · 2023-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeINR 34.32BoperatingIncomeTax expenseINR 3.48BincomeTaxExpensePretax incomeINR 14.14BincomeBeforeTaxTax rate24.6%EquityINR 99.75BtotalStockholderEquityDebtINR 94.20BshortLongTermDebtTotalCashINR 16.18BcashAndShortTermInvestmentsInvested capitalINR 177.77BResult 14.6% | 0.70xEBIT / PP&E · 2023-03-31Operating income / net PP&EOperating incomeINR 34.32BoperatingIncomeNet PP&EINR 48.94BpropertyPlantEquipmentResult 0.70x |
| 2024 | 62.1%Physical asset ratio · 2024-03-31(Net PP&E + inventory) / total assetsNet PP&EINR 49.46BpropertyPlantAndEquipmentNetInventoryINR 251.95BinventoryTotal assetsINR 485.19BtotalAssetsResult 62.1% | 1.59xFixed asset turnover · 2024-03-31Revenue / net PP&ERevenueINR 78.77BtotalRevenueNet PP&EINR 49.46BpropertyPlantAndEquipmentNetResult 1.59x | 2.66xCapex / D&A · 2024-03-31Capital expenditures / depreciation and amortizationCapexINR 19.07BcapitalExpendituresD&AINR 7.17BdepreciationAndAmortizationResult 2.66x | INR 292.90Tangible book / share · 2024-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsINR 485.19BtotalAssetsGoodwillINR 534.00MgoodWillIntangiblesINR 63.00MintangibleAssetsLiabilitiesINR 367.18BtotalLiabTangible bookINR 117.41BShares400,862,000commonStockSharesOutstandingResult INR 292.90 | 0.08xFixed-charge coverage · 2024-03-31(EBITDA − capex) / (interest + short-term debt)EBITDAINR 25.21BebitdaCapexINR 19.07BcapitalExpendituresInterestINR 11.83BinterestExpenseShort-term debtINR 69.08BshortLongTermDebtEBITDA − capexINR 6.14BPrincipal due is the current portion of debt.Result 0.08x | -INR 6.09BFree cash flow · 2024-03-31Reported free cash flowOperating cash flowINR 12.97BtotalCashFromOperatingActivitiesCapexINR 19.07BcapitalExpendituresFree cash flow-INR 6.09BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -INR 6.09B | 15.1%ROIC · 2024-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeINR 42.03BoperatingIncomeTax expenseINR 4.94BincomeTaxExpensePretax incomeINR 21.22BincomeBeforeTaxTax rate23.3%EquityINR 112.89BtotalStockholderEquityDebtINR 134.58BshortLongTermDebtTotalCashINR 34.26BcashAndShortTermInvestmentsInvested capitalINR 213.21BResult 15.1% | 0.85xEBIT / PP&E · 2024-03-31Operating income / net PP&EOperating incomeINR 42.03BoperatingIncomeNet PP&EINR 49.46BpropertyPlantAndEquipmentNetResult 0.85x |
| 2025 | 61.1%Physical asset ratio · 2025-03-31(Net PP&E + inventory) / total assetsNet PP&EINR 40.60BpropertyPlantEquipmentInventoryINR 318.83BinventoryTotal assetsINR 587.95BtotalAssetsResult 61.1% | 1.81xFixed asset turnover · 2025-03-31Revenue / net PP&ERevenueINR 73.49BtotalRevenueNet PP&EINR 40.60BpropertyPlantEquipmentResult 1.81x | 1.95xCapex / D&A · 2025-03-31Capital expenditures / depreciation and amortizationCapexINR 15.83BcapitalExpendituresD&AINR 8.12BdepreciationAndAmortizationResult 1.95x | INR 366.88Tangible book / share · 2025-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsINR 587.95BtotalAssetsGoodwillINR 534.00MgoodWillIntangiblesINR 127.00MintangibleAssetsLiabilitiesINR 428.91BtotalLiabTangible bookINR 158.38BShares431,707,000commonStockSharesOutstandingResult INR 366.88 | 0.13xFixed-charge coverage · 2025-03-31(EBITDA − capex) / (interest + short-term debt)EBITDAINR 25.78BebitdaCapexINR 15.83BcapitalExpendituresInterestINR 13.34BinterestExpenseShort-term debtINR 62.87BshortLongTermDebtEBITDA − capexINR 9.95BPrincipal due is the current portion of debt.Result 0.13x | -INR 22.84BFree cash flow · 2025-03-31Reported free cash flowOperating cash flow-INR 7.01BtotalCashFromOperatingActivitiesCapexINR 15.83BcapitalExpendituresFree cash flow-INR 22.84BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -INR 22.84B | 15.9%ROIC · 2025-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeINR 49.38BoperatingIncomeTax expenseINR 1.39BincomeTaxExpensePretax incomeINR 7.56BincomeBeforeTaxTax rate18.4%EquityINR 154.23BtotalStockholderEquityDebtINR 131.80BshortLongTermDebtTotalCashINR 32.50BcashAndShortTermInvestmentsInvested capitalINR 253.53BResult 15.9% | 1.22xEBIT / PP&E · 2025-03-31Operating income / net PP&EOperating incomeINR 49.38BoperatingIncomeNet PP&EINR 40.60BpropertyPlantEquipmentResult 1.22x |
| 2026 | 61.8%Physical asset ratio · 2026-03-31(Net PP&E + inventory) / total assetsNet PP&EINR 50.73BpropertyPlantAndEquipmentNetInventoryINR 402.52BinventoryTotal assetsINR 733.68BtotalAssetsResult 61.8% | 2.60xFixed asset turnover · 2026-03-31Revenue / net PP&ERevenueINR 131.96BtotalRevenueNet PP&EINR 50.73BpropertyPlantAndEquipmentNetResult 2.60x | 3.18xCapex / D&A · 2026-03-31Capital expenditures / depreciation and amortizationCapexINR 28.83BcapitalExpendituresD&AINR 9.06BdepreciationAndAmortizationResult 3.18x | INR 388.82Tangible book / share · 2026-03-31(Total assets − goodwill − intangibles − liabilities) / sharesTotal assetsINR 733.68BtotalAssetsGoodwillINR 534.00MgoodWillIntangiblesINR 128.00MintangibleAssetsLiabilitiesINR 565.57BtotalLiabTangible bookINR 167.45BShares430,656,000commonStockSharesOutstandingResult INR 388.82 | 0.12xFixed-charge coverage · 2026-03-31(EBITDA − capex) / (interest + short-term debt)EBITDAINR 42.02BebitdaCapexINR 28.83BcapitalExpendituresInterestINR 15.82BinterestExpenseShort-term debtINR 93.55BshortLongTermDebtEBITDA − capexINR 13.19BThe short-term debt line matched total current liabilities, so principal due is the current portion of debt.Result 0.12x | -INR 7.00BFree cash flow · 2026-03-31Reported free cash flowOperating cash flowINR 21.83BtotalCashFromOperatingActivitiesCapexINR 28.83BcapitalExpendituresFree cash flow-INR 7.00BfreeCashFlowFree cash flow is the amount reported on the cash-flow statement.Result -INR 7.00B | 8.3%ROIC · 2026-03-31Operating income × (1 − tax rate) / (equity + debt − cash)Operating incomeINR 33.13BoperatingIncomeTax expenseINR 4.08BincomeTaxExpensePretax incomeINR 17.14BincomeBeforeTaxTax rate23.8%EquityINR 162.73BtotalStockholderEquityDebtINR 176.59BshortLongTermDebtTotalCashINR 33.72BcashAndShortTermInvestmentsInvested capitalINR 305.60BResult 8.3% | 0.65xEBIT / PP&E · 2026-03-31Operating income / net PP&EOperating incomeINR 33.13BoperatingIncomeNet PP&EINR 50.73BpropertyPlantAndEquipmentNetResult 0.65x |
- The short-term debt line matched total current liabilities, so principal due uses the current portion of debt.
Latest year inputs (2026)
Net PP&E: INR 50.73B
Inventory: INR 402.52B
Total assets: INR 733.68B
Goodwill: INR 534.00M
Intangibles: INR 128.00M
Liabilities: INR 565.57B
Tangible book: INR 167.45B
Shares: 430,656,000
Revenue: INR 131.96B
Capex: INR 28.83B
D&A: INR 9.06B
EBITDA: INR 42.02B
Interest: INR 15.82B
Short-term debt: INR 93.55B
Free cash flow: -INR 7.00B
Operating income: INR 33.13B
Invested capital: INR 305.60B
Tax rate: 23.8%