Key Metrics of Prestige Office Ventures
About Prestige Office Ventures
Company details
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
Sign in to continue See plans & pricingFiling compliance
Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
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Credit ratings
NoteLatest action: rating withdrawn (ICRA, 30 Mar 2026)
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 30 Mar 2026 | ICRA | Withdrawn | A+(CE) | — | Stable | ₹500 Cr | View |
Credit strengths (ICRA, Mar 2026)
+ Expected increase in rentals to result comfortable debt protection metrics
The committed occupancy at the firm’s key commercial office asset, Prestige Skytech, Hyderabad, has improved sharply to 79% as of December 2025 from 40% as of September 2024, which is expected to drive higher rental income over FY2026-2027.
+ Favourable locations of the project
The firm’s key completed commercial project, Prestige Skytech, is located inthe financial district of Hyderabad, in proximity to other key office markets like Gachibowli and Hitech City.
+ Strong parentage with established track record in real estate business
POV is a subsidiary of PEPL (rated [ICRA]A+(Stable)/[ICRA]A1), which is a part of the Prestige Group.
Credit challenges
− Exposure to market risk
The firm’s completed commercial project, Prestige Skytech (~1.2 msf), and the under‑construction commercial project, Prestige Waterfront (~0.2 msf), continue to be exposed to market risks, with about 20% and around 40% of the respective leasable areas remaining unleased as on December 31, 2025.
− Exposure to execution risk
The firm remains exposed to execution risks in its ongoing residential project, Prestige Lavender Fields, wherein around 46% of the project cost is yet to be incurred, as well as in its commercial projects—Prestige Waterfront and Prestige Tech Habitat—with approximately 37% and 56% of the respective project costs outstanding as of December 2025.
Could lead to an upgrade
The rating may be upgraded if there is healthy increase in occupancy levels at adequate rental rates in its commercials project for leasing segment and improvement in collections in its residential projects, resulting in adequate debt protection metrics. The completion of the commercial project (for sale) along with healthy collections will be a credit positive. The rating might also be upgraded if there is an improvement in the credit profile of PEPL.
Could lead to a downgrade
he rating might be downgraded in case of decline in occupancy in its completed projects, or delay in collection in its residential projects, or material increase in indebtedness impacting its cash flows and debt protection metrics could result in a rating downgrade. The rating might be downgraded in case of weakening of linkages with PEPL, or if there is a deterioration in the credit profile of PEPL.
Agency-reported financials (ICRA, 30 Mar 2026)
| Metric | FY2024 | FY2025 | 9MFY2026 |
|---|---|---|---|
| Operating income | ₹141 Cr | ₹251 Cr | ₹175 Cr |
| PAT | ₹-0.70 Cr | ₹-13.60 Cr | ₹-18.80 Cr |
| OPBDIT/OI | 77.6% | 54.5% | 48.5% |
| PAT/OI | -0.5% | -5.4% | -10.8% |
| Total outside liabilities/Tangible net worth (times) | 3.20× | 6.30× | 6.40× |
| Total debt/OPBDIT (times) | 4.40× | 2.60× | 4.10× |
| Interest coverage (times) | 1.40× | 1.50× | 1.40× |
| Revenue growth (YoY) | — | 77.5% | — |
| EBITDA (margin × income) | ₹110 Cr | ₹137 Cr | ₹84.83 Cr |
| Implied total debt (debt/EBITDA × EBITDA) | ₹482 Cr | ₹355 Cr | ₹348 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹78.26 Cr | ₹91.05 Cr | ₹60.59 Cr |
Borrowings & rated debt
Maturity ladder
Debt instruments
| ISIN | Instrument | Type | Coupon | Issued | Maturity | Amount | Rating | Status |
|---|---|---|---|---|---|---|---|---|
| — | FY FY | Term loans | — | 31 Mar 2026 | 31 Mar 2040 | ₹350 Cr | A- | Outstanding |
Credit assessment · Manufacturing
Rating Methodology – Manufacturing Companies (Mar 2025) · Standalone accounts · FY 2024-25
Ratios, pillar scores and the indicative rating are part of Premium.
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | A+(CE) · Credit enhancement (external support) (ICRA, Mar 2026) |
| Withdrawal | ICRA · 30 Mar 2026 · Withdrawn (reason not stated in report) |
| Information on file | 22% · missing: Audited financial statements (last 18 months), Annual results history (3+ years), Liquidity position, Debt obligations and repayment schedule, Capex / investment plans, Auditor details, Shareholding pattern |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- ICRA withdrew its ratings on 30 Mar 2026 — usually after the rated bank loans were repaid or moved to another lender
Rated limits by facility
Timeline
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
Principal business activities and related-party transactions are read from MGT-7 and AOC-4 filings.
Filings
No filings on record yet.