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Prozone Intu Properties

BSE:534675
Snowflake Description

Questionable track record and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
534675
BSE
₹3B
Market Cap
  1. Home
  2. IN
  3. Real Estate
Company description

Prozone Intu Properties Limited designs, develops, owns, and operates shopping malls, and commercial and residential premises in India. The last earnings update was 76 days ago. More info.


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534675 Share Price and Events
7 Day Returns
-4%
BSE:534675
0.3%
IN Real Estate
-0.1%
IN Market
1 Year Returns
-31.1%
BSE:534675
33.9%
IN Real Estate
10.4%
IN Market
534675 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Prozone Intu Properties (534675) -4% 2.9% -2.8% -31.1% -43.9% -46.6%
IN Real Estate 0.3% 9.6% 21.3% 33.9% 72.6% 40.9%
IN Market -0.1% 1.8% 3.7% 10.4% 21.7% 23.4%
1 Year Return vs Industry and Market
  • 534675 underperformed the Real Estate industry which returned 33.9% over the past year.
  • 534675 underperformed the Market in India which returned 10.4% over the past year.
Price Volatility
534675
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Prozone Intu Properties undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Prozone Intu Properties to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Prozone Intu Properties.

BSE:534675 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 19.9%
Perpetual Growth Rate 10-Year IN Government Bond Rate 6.5%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for BSE:534675
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IN Govt Bond Rate 6.5%
Equity Risk Premium S&P Global 7.9%
Real Estate Unlevered Beta Simply Wall St/ S&P Global 1.09
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 1.086 (1 + (1- 35%) (138.28%))
1.711
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.71
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 6.48% + (1.711 * 7.85%)
19.91%

Discounted Cash Flow Calculation for BSE:534675 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Prozone Intu Properties is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

BSE:534675 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (INR, Millions) Source Present Value
Discounted (@ 19.91%)
2020 183.69 Est @ 28.82% 153.19
2021 224.31 Est @ 22.11% 156.00
2022 263.40 Est @ 17.42% 152.76
2023 300.64 Est @ 14.14% 145.41
2024 336.25 Est @ 11.84% 135.62
2025 370.66 Est @ 10.23% 124.68
2026 404.42 Est @ 9.11% 113.44
2027 438.06 Est @ 8.32% 102.48
2028 472.09 Est @ 7.77% 92.10
2029 506.93 Est @ 7.38% 82.47
Present value of next 10 years cash flows ₹1,258.00
BSE:534675 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₹506.93 × (1 + 6.48%) ÷ (19.91% – 6.48%)
₹4,018.49
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₹4,018.49 ÷ (1 + 19.91%)10
₹653.76
BSE:534675 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₹1,258.00 + ₹653.76
₹1,911.76
Equity Value per Share
(INR)
= Total value / Shares Outstanding
= ₹1,911.76 / 152.60
₹12.53
BSE:534675 Discount to Share Price
Calculation Result
Value per share (INR) From above. ₹12.53
Current discount Discount to share price of ₹19.40
= -1 x (₹19.40 - ₹12.53) / ₹12.53
-54.9%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Prozone Intu Properties is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Prozone Intu Properties's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Prozone Intu Properties's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
BSE:534675 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-09-30) in INR ₹0.03
BSE:534675 Share Price ** BSE (2020-01-28) in INR ₹19.4
India Real Estate Industry PE Ratio Median Figure of 92 Publicly-Listed Real Estate Companies 14.14x
India Market PE Ratio Median Figure of 2,641 Publicly-Listed Companies 13.94x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Prozone Intu Properties.

BSE:534675 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= BSE:534675 Share Price ÷ EPS (both in INR)

= 19.4 ÷ 0.03

749.41x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Prozone Intu Properties is overvalued based on earnings compared to the IN Real Estate industry average.
  • Prozone Intu Properties is overvalued based on earnings compared to the India market.
Price based on expected Growth
Does Prozone Intu Properties's expected growth come at a high price?
Raw Data
BSE:534675 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 749.41x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
India Real Estate Industry PEG Ratio Median Figure of 11 Publicly-Listed Real Estate Companies 1.91x
India Market PEG Ratio Median Figure of 410 Publicly-Listed Companies 1.29x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Prozone Intu Properties, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Prozone Intu Properties's assets?
Raw Data
BSE:534675 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-09-30) in INR ₹32.18
BSE:534675 Share Price * BSE (2020-01-28) in INR ₹19.4
India Real Estate Industry PB Ratio Median Figure of 164 Publicly-Listed Real Estate Companies 0.71x
India Market PB Ratio Median Figure of 3,588 Publicly-Listed Companies 0.9x
BSE:534675 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= BSE:534675 Share Price ÷ Book Value per Share (both in INR)

= 19.4 ÷ 32.18

0.6x

* Primary Listing of Prozone Intu Properties.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Prozone Intu Properties is good value based on assets compared to the IN Real Estate industry average.
X
Value checks
We assess Prozone Intu Properties's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Real Estate industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Real Estate industry average (and greater than 0)? (1 check)
  5. Prozone Intu Properties has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Prozone Intu Properties expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Prozone Intu Properties has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
16.1%
Expected Real Estate industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Prozone Intu Properties expected to grow at an attractive rate?
  • Unable to compare Prozone Intu Properties's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Prozone Intu Properties's earnings growth to the India market average as no estimate data is available.
  • Unable to compare Prozone Intu Properties's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
BSE:534675 Future Growth Rates Data Sources
Data Point Source Value (per year)
India Real Estate Industry Earnings Growth Rate Market Cap Weighted Average 16.1%
India Real Estate Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
India Market Earnings Growth Rate Market Cap Weighted Average 19.2%
India Market Revenue Growth Rate Market Cap Weighted Average 8.7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
BSE:534675 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in INR Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
BSE:534675 Past Financials Data
Date (Data in INR Millions) Revenue Cash Flow Net Income *
2019-09-30 1,065 143 4
2019-06-30 1,236 33
2019-03-31 1,184 284 24
2018-12-31 1,230 2
2018-09-30 1,173 -8
2018-06-30 985 -46
2018-03-31 962 -98 -45
2017-12-31 797 -24
2017-09-30 656 -10
2017-06-30 625 41
2017-03-31 632 -521 -53
2016-12-31 641 58

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Prozone Intu Properties is high growth as no earnings estimate data is available.
  • Unable to determine if Prozone Intu Properties is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
BSE:534675 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Prozone Intu Properties Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:534675 Past Financials Data
Date (Data in INR Millions) EPS *
2019-09-30 0.03
2019-06-30 0.21
2019-03-31 0.16
2018-12-31 0.01
2018-09-30 -0.05
2018-06-30 -0.29
2018-03-31 -0.29
2017-12-31 -0.16
2017-09-30 -0.07
2017-06-30 0.27
2017-03-31 -0.35
2016-12-31 0.38

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Prozone Intu Properties will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Take a look at our analysis of 534675’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  2. Prozone Intu Properties's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Real Estate companies here
  3. Prozone Intu Properties's competitive advantages and company strategy can generally be found in its financial reports archived here.
  4. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Prozone Intu Properties's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Prozone Intu Properties has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Prozone Intu Properties performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Prozone Intu Properties's growth in the last year to its industry (Real Estate).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Prozone Intu Properties's year on year earnings growth rate has been positive over the past 5 years.
  • Prozone Intu Properties has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Prozone Intu Properties has become profitable in the last year making it difficult to compare the IN Real Estate industry average.
Earnings and Revenue History
Prozone Intu Properties's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Prozone Intu Properties Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

BSE:534675 Past Revenue, Cash Flow and Net Income Data
Date (Data in INR Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-09-30 1,064.93 3.63 63.88
2019-06-30 1,235.72 32.60 39.77
2019-03-31 1,183.74 24.45 58.91
2018-12-31 1,229.88 1.76 76.12
2018-09-30 1,172.94 -8.29 78.38
2018-06-30 985.08 -45.80 43.62
2018-03-31 962.21 -44.97 77.88
2017-12-31 796.76 -23.73 70.96
2017-09-30 656.43 -10.49 67.47
2017-06-30 625.12 40.61 30.12
2017-03-31 631.70 -53.22 64.91
2016-12-31 640.87 58.20 63.67
2016-09-30 677.27 72.09 61.29
2016-06-30 773.76 86.16 25.94
2016-03-31 862.12 73.81 57.73
2015-12-31 1,091.91 45.49 272.50
2015-09-30 998.20 9.17 270.95
2015-06-30 807.64 -40.62 268.12
2015-03-31 577.56 -64.99 61.94
2014-12-31 419.81 -64.74 273.60
2014-09-30 448.93 -53.47 285.06
2014-06-30 498.28 -60.99 145.31
2014-03-31 523.75 -91.62 310.11
2013-12-31 646.96 -82.58 381.10
2013-09-30 640.32 -120.22 378.45
2013-03-31 772.14 -89.41 302.69

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Prozone Intu Properties has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Prozone Intu Properties used its assets less efficiently than the IN Real Estate industry average last year based on Return on Assets.
  • Prozone Intu Properties has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Prozone Intu Properties's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Real Estate industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Prozone Intu Properties has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Prozone Intu Properties's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Prozone Intu Properties's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Prozone Intu Properties is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Prozone Intu Properties's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Prozone Intu Properties's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 1.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Prozone Intu Properties Company Filings, last reported 3 months ago.

BSE:534675 Past Debt and Equity Data
Date (Data in INR Millions) Total Equity Total Debt Cash & Short Term Investments
2019-09-30 8,239.81 4,009.31 56.70
2019-06-30 8,274.30 3,325.72 37.46
2019-03-31 8,274.30 3,529.02 323.00
2018-12-31 8,272.82 3,285.80 42.00
2018-09-30 8,272.82 3,285.80 42.00
2018-06-30 8,659.97 3,319.40 54.76
2018-03-31 8,659.97 3,394.67 202.82
2017-12-31 8,697.56 2,821.76 67.97
2017-09-30 8,697.56 2,821.76 67.97
2017-06-30 8,767.18 2,694.54 218.53
2017-03-31 8,737.86 3,002.47 429.35
2016-12-31 8,556.07 2,059.34 109.56
2016-09-30 8,556.07 2,059.34 109.56
2016-06-30 8,541.84 2,216.69 208.34
2016-03-31 8,541.84 2,388.86 208.34
2015-12-31 8,518.01 2,132.92 98.80
2015-09-30 8,518.01 2,132.92 98.80
2015-06-30 6,909.08 2,419.06 141.18
2015-03-31 6,909.08 2,414.18 141.18
2014-12-31 6,958.38 1,776.68 73.26
2014-09-30 6,958.38 1,776.68 73.26
2014-06-30 7,033.96 1,758.04 74.78
2014-03-31 7,033.96 1,954.05 74.78
2013-12-31 7,099.41 1,502.23 69.35
2013-09-30 7,099.41 1,502.23 69.35
2013-03-31 7,218.33 1,727.76 96.89
  • Prozone Intu Properties's level of debt (48.6%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (25.4% vs 48.6% today).
  • Debt is not well covered by operating cash flow (3.6%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.1x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Prozone Intu Properties's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Prozone Intu Properties has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Prozone Intu Properties's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Prozone Intu Properties dividends.
If you bought ₹2,000 of Prozone Intu Properties shares you are expected to receive ₹0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Prozone Intu Properties's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Prozone Intu Properties's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
BSE:534675 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
India Real Estate Industry Average Dividend Yield Market Cap Weighted Average of 36 Stocks 0.6%
India Market Average Dividend Yield Market Cap Weighted Average of 1392 Stocks 1.3%
India Minimum Threshold Dividend Yield 10th Percentile 0.3%
India Bottom 25% Dividend Yield 25th Percentile 0.5%
India Top 25% Dividend Yield 75th Percentile 2.3%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Prozone Intu Properties has not reported any payouts.
  • Unable to verify if Prozone Intu Properties's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Prozone Intu Properties's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Prozone Intu Properties has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Prozone Intu Properties's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Prozone Intu Properties afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Prozone Intu Properties has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Prozone Intu Properties's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Nikhil Chaturvedi
COMPENSATION ₹15,000,000
AGE 50
TENURE AS CEO 7.9 years
CEO Bio

Mr. Nikhil Anupendra Chaturvedi, B.Com., is a Co-Founder of Provogue (India) Limited and serves as its Managing Director. Mr. Chaturvedi has been Managing Director of Prozone Intu Properties Limited since he joined in February 27, 2012. Mr. Chaturvedi has been with Provogue (India) Ltd. since November 1997. He has decade and half of work experience. He serves as Managing Director of Prozone Capital Shopping Centres Limited. Mr. Chaturvedi inspires the entire team at Provogue with passion and single-mindedness to create shareholder value which is his driving force. Mr. Chaturvedi serves as a Director of Provogue (India) Limited. He has been a Director of Prozone Intu Properties Limited since February 27, 2012. He served as a Director of Prozone Enterprises Private Limited. Mr. Chaturvedi is a Bachelor of Commerce.

CEO Compensation
  • Nikhil's compensation has increased in line with Prozone Intu Properties recently becoming profitable.
  • Nikhil's remuneration is higher than average for companies of similar size in India.
Management Team Tenure

Average tenure and age of the Prozone Intu Properties management team in years:

7.9
Average Tenure
43
Average Age
  • The average tenure for the Prozone Intu Properties management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Nikhil Chaturvedi

TITLE
MD & Director
COMPENSATION
₹15M
AGE
50
TENURE
7.9 yrs

Bipin Gurnani

TITLE
President
AGE
46

Anurag Garg

TITLE
Chief Financial Officer
AGE
43

Ajayendra Jain

TITLE
Company Secretary & Chief Compliance Officer
AGE
43
TENURE
4.1 yrs

Salil Chaturvedi

TITLE
Deputy MD & Director
COMPENSATION
₹9M
AGE
48
TENURE
7.9 yrs

Sudhanshu Chaturvedi

TITLE
Vice President of Operations
AGE
54

Shakuntala Shetty

TITLE
Assistant General Manager of Accounts & Taxation
AGE
40

Pratik Shah

TITLE
Assistant General Manager HR & Admin
AGE
36

Anica Chaturvedi

TITLE
Head of Marketing
AGE
25
Board of Directors Tenure

Average tenure and age of the Prozone Intu Properties board of directors in years:

3.9
Average Tenure
50
Average Age
  • The tenure for the Prozone Intu Properties board of directors is about average.
Board of Directors

Punit Goenka

TITLE
Independent Chairman
COMPENSATION
₹60K
AGE
44

Nikhil Chaturvedi

TITLE
MD & Director
COMPENSATION
₹15M
AGE
50
TENURE
7.9 yrs

Salil Chaturvedi

TITLE
Deputy MD & Director
COMPENSATION
₹9M
AGE
48
TENURE
7.9 yrs

Deepa Harris

TITLE
Independent Director
COMPENSATION
₹30K
AGE
61
TENURE
3.9 yrs

Umesh Gupta

TITLE
Independent Non-Executive Director
AGE
61
TENURE
0.7 yrs

Dushyant Sangar

TITLE
Non Executive Director
AGE
37
TENURE
3.9 yrs

John Abel

TITLE
Director Emeritus
AGE
75
Who owns this company?
Recent Insider Trading
  • Prozone Intu Properties individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₹) Value (₹)
05. Dec 19 Sell Salil Chaturvedi Individual 29. Nov 19 03. Dec 19 -300,047 ₹18.34 ₹-5,452,373
04. Dec 19 Sell Salil Chaturvedi Individual 28. Nov 19 28. Nov 19 -99,953 ₹18.42 ₹-1,841,130
27. Sep 19 Sell Akhil Chaturvedi Individual 13. Sep 19 24. Sep 19 -63,851 ₹18.83 ₹-1,202,540
18. Sep 19 Sell Akhil Chaturvedi Individual 25. Jun 19 12. Sep 19 -55,744 ₹18.95 ₹-1,056,521
27. Jun 19 Sell Akhil Chaturvedi Individual 01. Mar 19 24. Jun 19 -39,855 ₹28.05 ₹-1,117,763
02. Mar 19 Sell Akhil Chaturvedi Individual 22. Jan 19 27. Feb 19 -36,900 ₹28.03 ₹-1,034,165
X
Management checks
We assess Prozone Intu Properties's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Prozone Intu Properties has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Prozone Intu Properties Limited designs, develops, owns, and operates shopping malls, and commercial and residential premises in India. The company operates in Leasing and Outright Sales segments. It develops regional shopping and entertainment centers; and mixed-use residential townships and commercial office blocks, as well as provides related management consultancy services. The company was formerly known as Prozone Capital Shopping Centres Limited and changed its name to Prozone Intu Properties Limited in July 2014. Prozone Intu Properties Limited was incorporated in 2007 and is based in Mumbai, India.

Details
Name: Prozone Intu Properties Limited
534675
Exchange: BSE
Founded: 2007
₹2,899,454,777
152,602,883
Website: http://www.prozoneintu.com
Address: Prozone Intu Properties Limited
105/106, Dream Square,
Ground Floor,
Mumbai,
Maharashtra, 400053,
India
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
BSE 534675 Equity Shares Mumbai Stock Exchange IN INR 12. Sep 2012
NSEI PROZONINTU Equity Shares National Stock Exchange of India IN INR 12. Sep 2012
Number of employees
Current staff
Staff numbers
0
Prozone Intu Properties employees.
Industry
Diversified Real Estate Activities
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/01/28 13:01
End of day share price update: 2020/01/28 00:00
Last earnings filing: 2019/11/13
Last earnings reported: 2019/09/30
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.