One of the micro-cap realty stocks engaged in the business of developing, owning, and operating shopping malls, commercial and residential premises, and providing related management consultancy services. The stock has hit a 20 percent upper circuit after a 26 percent open offer announcement.
Stock Price Movement
With a market capitalization of Rs. 505.73 crores, the shares of Prozone Realty Limited’s stock surged by 20 percent, reaching an upper circuit of Rs. 33.14 per share on Thursday, up from its previous closing price of Rs. 27.62 per share.
What Happened
M/s. Apax Trust, acting through its trustee, Mr. Nikhil Chaturvedi, has announced an open offer to acquire 26% equity in Prozone Realty Limited at Rs. 25 per share, amounting to ₹99.19 crores. The offer complies with SEBI regulations, showcasing the strategic acquisition in the real estate sector.
Brand Partners
Prozone Realty Limited’s Aurangabad Mall is a premier retail destination, hosting over 50 national and international brands across fashion, electronics, lifestyle, and dining. Featuring names like H&M, Adidas, Apple, and McDonald’s, the mall showcases Prozone’s expertise in developing vibrant, large-format retail spaces for diverse consumer needs.
Products and services
Prozone Realty Limited specializes in real estate development, offering shopping malls, commercial complexes, and residential projects. Its flagship Prozone Mall in Aurangabad hosts over 10 anchor tenants and 100 stores.
The company also provides leasing services for retail and commercial spaces while generating revenue through outright property sales, reflecting a versatile and integrated business model.
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Recent quarter results and ratios
Prozone Realty Limited’s revenue has increased from Rs. 38 crore in Q2 FY24 to Rs. 48.86 crore in Q2 FY25, which has grown by 28.58 percent. The net profit of Prozone Realty Limited has also grown by 89.11 percent from Rs. 3.58 crore in Q2 FY24 to Rs. 0.39 crore in Q2 FY25.
Prozone Realty Limited’s revenue has grown at a CAGR of 60.20 percent over the last three years.
In terms of return ratios, the company’s ROCE and ROE should be 3.78 percent and 0.45 percent, respectively. The debt-to-equity ratio of the company is to be 0.83x, which shows the company is almost debt-free. Prozone Realty Limited’s EPS is to be Rs. -0.77.
Shareholding pattern
In September 2024, Prozone Realty Limited had the majority stake held by the promoters at 23.39 percent, foreign institutional investors at 3.01 percent, and the public at 73.60 percent.
Company Overview
Prozone Realty Limited was established in 2007 and specializes in developing, owning, and operating shopping malls, commercial spaces, and residential properties. Headquartered in Mumbai, the company also offers management consultancy services related to its real estate operations, maintaining a strong presence in India’s real estate sector.
Written By – Nikhil Naik
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