Shikhar Spaces

Noida, India Founded: 1992 • Age: 34 yrs Listed
Develops and sells luxury residential properties in Uttarakhands scenic areas.

About Shikhar Spaces

Shikhar Spaces is a publicly listed company based in Noida (India) founded in 1992. It develops and sells luxury residential properties in Uttarakhands scenic areas. It operates on a D2C model. The company has 1,413 employees. Its Indian entity Prestige Estates Projects Limited reported revenue of β‚Ή13,196 Cr. Shikhar Spaces offers products and services including Anandvan Villas, The Lake County, and Sunny Lake Greens. Its focus areas include Real Estate, Community Development, Eco-friendly Projects and Gated Communities. Its competitors include Knight Frank, IMCL and Brickfolio.

Company details

Shikhar Spaces is a real estate developer specializing in luxury homes and properties in Uttarakhand. They focus on creating sustainable, innovative living spaces that blend modern amenities with natural beauty. Their activities include developing villas and gated communities in locations like Bhimtal and Nainital, targeting families seeking serene environments for high-quality living.

Key Metrics
  • Market Cap
    ₹66,203 Cr

    PRESTIGE · NSE

  • Share Price
    ₹1,573.80

    +2.39% today

  • Revenue
    ₹12,685 Cr

    FY 2025-26 · +72.6% YoY

  • EBITDA
    ₹3,692 Cr

    Margin 29.1%

  • Net Profit
    ₹1,192 Cr

    FY 2025-26 · +163.0% YoY

  • P/E (TTM)
    55.0x

    P/B 3.9x

  • ROE
    8.2%

    ROCE 10.4%

  • Debt / Equity
    0.97

    Interest cover 56.8x

  • Employee Count
    1,413

Products & Services of Shikhar Spaces

Shikhar Spaces offers a comprehensive portfolio of products and services, including Anandvan Villas, The Lake County, and Sunny Lake Greens.

Anandvan Villas
Luxury Villas

Exclusive villa township in Padampuri for serene living.

The Lake County
Gated Community

Luxury residential complex in Naukuchiatal with modern comforts.

Sunny Lake Greens
Residential Development

Ongoing project offering sustainable homes in Bhimtal.

Apps and channels of Shikhar Spaces

its YouTube channel Shikhar Group has 676 subscribers and 19 videos.

Shikhar Group
YouTube 676 subscribers 19 videos Howto & Style
Open channel

Videos from Shikhar Spaces

The most watched videos on Shikhar Spaces's YouTube channel, Shikhar Group (676 subscribers). Click a video to play it here.

2BHK apartment with Servant quarter for resale in Bhimtal (Nainital)
19.4K views
3BHK villa for resale @Sunny Lake (Bhimtal)
13K views
3 BHK Villa at Sunny Lake Bhimtal for resale.
9K views
3bhk villa for resale at Sunny Lake (Bhimtal).
3.7K views

More on Shikhar Group.

Board of directors of Prestige Estates Projects Limited (Shikhar Spaces)

Prestige Estates Projects Limited is the primary company behind Shikhar Spaces. The board of Prestige Estates Projects Limited currently have 8 directors; the longest-serving is Irfanrazack, appointed in 1997. 19 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Irfanrazack
DIN 00209022
Managing Director04 Jun 199729 yrs 5 moPrestige Estates Projects Limited
Rezwan Razack
DIN 00209060
Whole-time director04 Jun 199729 yrs 5 moPrestige Estates Projects Limited
Noaman Razack
DIN 00189329
Whole-time director31 Jan 201115 yrs 9 moPrestige Estates Projects Limited
Uzma Irfan
DIN 01216604
Whole-time director11 Nov 201411 yrs 11 moPrestige Estates Projects Limited
Neelam Chhiber
DIN 00838007
Director01 Aug 20197 yrs 3 moPrestige Estates Projects Limited
Srinivasarao Nagabhushana Rao Nagendra
DIN 02533658
Director08 Aug 20233 yrs 2 moPrestige Estates Projects Limited
Ravindra Munishwar Mehta
DIN 01676229
Director21 Sep 20233 yrs 1 moPrestige Estates Projects Limited
Thumpudi Srikanth Bhagavat
DIN 00188587
Director31 Jul 20242 yrs 3 moPrestige Estates Projects Limited

IPO & Listings of Shikhar Spaces

Shikhar Spaces is a publicly listed company on the NSE with ticker symbol PRESTIGE in India, operating in the Realty sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • Listed onNSE: PRESTIGE
  • Listed entityPrestige Estates Projects Limited
  • Exchange sectorRealty

Financials of Shikhar Spaces

Exchange-reported figures of Prestige Estates Projects Limited, the listed company behind Shikhar Spaces (NSE: PRESTIGE).

Financial Highlights

FY 2025-26 Β· Consolidated
Revenue
₹12,685 Cr
+72.6% YoY
EBITDA
₹3,692 Cr
+46.8% YoY
Profit After Tax
₹1,192 Cr
+163.0% YoY
Net Worth
₹16,273 Cr
+5.5% YoY
Total Assets
₹34,694 Cr
+18.1% YoY
Total Debt
₹17,659 Cr
+34.0% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue12,6857,3497,8778,3156,3907,2428,125
Revenue growth+72.6%-6.7%-5.3%+30.1%-11.8%-10.9%-
EBITDA3,6922,5162,4982,0861,5171,9332,356
EBITDA margin+29.1%+34.2%+31.7%+25.1%+23.7%+26.7%+29.0%
Profit before tax1,7147562,1221,4141,5093,398827
Net profit1,192453717692495383371
Net profit margin+9.4%+6.2%+9.1%+8.3%+7.7%+5.3%+4.6%
EPS (β‚Ή)27.7610.8534.2823.4928.6969.4010.05
Balance sheet
Total assets34,69429,36825,43719,86417,09813,40015,876
Net worth16,27315,42311,2899,9759,2578,1445,360
Total debt17,65913,18013,4589,4207,2504,7559,272
Cash & bank2,3802,3932,5581,8152,1712,401951
Net working capital15,83614,50411,9637,5496,4973,8811,467
Cash flow
Cash from operations3,2231311,2971,5402,1401,8392,226
Cash from investing(5,636)(1,348)(2,455)(2,697)(4,016)355(2,346)
Cash from financing1,9599591,9695461,598(634)252
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2,6754,0743,8732,4322,3071,5281,6542,304
Revenue growth (YoY)+15.9%+166.5%+134.1%+5.5%+23.9%---
Other income16069.7035.6027816160.9043.40119
EBITDA8491,010860910877529583620
EBITDA margin+31.7%+24.8%+22.2%+37.4%+38.0%+34.6%+35.2%+26.9%
Depreciation226238234219216217205200
Interest418430384385384286345356
Profit before tax36641327858443987.1076.70183
Tax94.3012133.6012712744.0044.50(51.90)
Net profit27129224545731243.1032.20235
EPS (β‚Ή)5.485.815.179.996.790.580.414.70
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue4,0802,8732,6514,3304,5594,0543,356
Revenue growth+42.0%+8.4%-38.8%-5.0%+12.5%+20.8%-
EBITDA978652820951828859999
EBITDA margin+24.0%+22.7%+30.9%+22.0%+18.2%+21.2%+29.8%
Profit before tax2051882234151,100236322
Net profit1219.38246325471280216
Net profit margin+3.0%+0.3%+9.3%+7.5%+10.3%+6.9%+6.4%
EPS (β‚Ή)4.254.336.138.5023.635.316.55
Balance sheet
Total assets21,12117,36212,22610,9409,5598,48110,767
Net worth11,96511,8576,8356,6496,3695,4815,267
Total debt9,0615,3995,2924,2043,1182,9604,819
Cash & bank7021,3855564035501,587486
Net working capital10,5466,5403,6892,8432,7322,2861,811
Cash flow
Cash from operations1,06278.901307061,4922,885220
Cash from investing(4,607)(3,165)31.60(1,353)(2,696)(749)(390)
Cash from financing2,6323,865110442143(1,023)285
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue7491,6971,1297984565887101,178
Revenue growth (YoY)+64.3%+188.8%+59.1%-32.3%+14.8%---
Other income63.6070.0093.7072.3067.7015122479.00
Total expenses5021,314943575271467539996
EBITDA247383187224185120171182
EBITDA margin+33.0%+22.6%+16.5%+28.0%+40.6%+20.5%+24.1%+15.4%
Depreciation106107104101101106108108
Interest195206145168144146139146
Profit before tax10.3013931.0026.807.7020.301497.80
Tax(1.10)34.90(14.80)6.70(5.40)3.1017.40(10.60)

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 04 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2,6754,0743,8732,4322,3071,5281,6542,304
Revenue growth (YoY)+15.9%+166.5%+134.1%+5.5%+23.9%---
Other income16069.7035.6027816160.9043.40119
EBITDA8491,010860910877529583620
EBITDA margin+31.7%+24.8%+22.2%+37.4%+38.0%+34.6%+35.2%+26.9%
Depreciation226238234219216217205200
Interest418430384385384286345356
Profit before tax36641327858443987.1076.70183
Tax94.3012133.6012712744.0044.50(51.90)
Net profit27129224545731243.1032.20235
EPS (β‚Ή)5.485.815.179.996.790.580.414.70
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue12,6857,3497,8778,3156,3907,2428,125
Revenue growth+72.6%-6.7%-5.3%+30.1%-11.8%-10.9%-
Other income5103861,5607821,0193,036161
Total expenses8,9934,8345,3796,2294,8725,3095,769
Employee cost1,003822747603451420460
EBITDA3,6922,5162,4982,0861,5171,9332,356
EBITDA margin+29.1%+34.2%+31.7%+25.1%+23.7%+26.7%+29.0%
Depreciation906812716647471593667
Interest1,5821,3341,2198075559791,023
Profit before tax1,7147562,1221,4141,5093,398827
Tax408139494348294519278
Net profit1,192453717692495383371
Net profit margin+9.4%+6.2%+9.1%+8.3%+7.7%+5.3%+4.6%
EPS (β‚Ή)27.7610.8534.2823.4928.6969.4010.05
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital431431401401563544401
Reserves & surplus15,84214,99210,8889,5748,6947,6004,959
Shareholders' funds (net worth)16,27315,42311,2899,9759,2578,1445,360
Minority interest467482512283452420228
Secured loans14,0919,63710,1717,2825,3873,2929,185
Unsecured loans3,5683,5433,2872,1381,8631,46386.80
Total debt17,65913,18013,4589,4207,2504,7559,272
Total liabilities34,69429,36825,43719,86417,09813,40015,876
Assets
Gross block15,77113,47011,0629,1687,6285,09210,646
Net block11,96510,5458,6696,7805,8583,7808,986
Capital work in progress2,2071,4242,1372,3991,7252,7402,143
Investments2,1751,2501,2791,023772907789
Inventories40,25231,88324,15614,36711,5679,58011,375
Sundry debtors2,0421,3581,2341,3291,4201,3741,476
Cash & bank balances2,3802,3932,5581,8152,1712,401951
Loans & advances9,2737,7396,5526,4464,4132,2251,265
Total current assets53,94743,37334,50023,95719,57115,58115,067
Total current liabilities38,11128,86922,53716,40813,07311,70013,600
Net working capital15,83614,50411,9637,5496,4973,8811,467
Total assets34,69429,36825,43719,86417,09813,40015,876
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash2,0092,2681,4562,0682,346786653
Net cash from operating activities3,2231311,2971,5402,1401,8392,226
Net cash from investing activities(5,636)(1,348)(2,455)(2,697)(4,016)355(2,346)
Net cash from financing activities1,9599591,9695461,598(634)252
Net change in cash(453)(258)812(612)(278)1,560133
Closing cash2,3802,3932,5581,8152,1712,401951
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+72.6%-6.7%-5.3%+30.1%-11.8%-10.9%-
EBITDA growth+46.8%+0.7%+19.8%+37.5%-21.5%-17.9%-
PBT growth+126.7%-64.4%+50.1%-6.3%-55.6%+310.9%+29.1%
Net income growth+163.0%-36.7%+3.6%+39.8%+29.3%+3.1%-
Revenue CAGR (3Y)+15.1%+4.8%+2.8%+0.8%+7.3%+9.6%+19.4%
EBITDA CAGR (3Y)+21.0%+18.4%+8.9%-4.0%+1.4%+14.8%+36.8%
Profitability & leverage
Net income margin+10.3%+8.4%+20.7%+12.8%+19.0%+39.7%+6.8%
Return on capital employed+10.4%+7.8%+11.2%+10.4%+8.4%+10.8%+13.0%
Return on net worth+8.2%+4.6%+9.1%+8.6%+6.6%+7.2%+11.4%
Debt / equity0.971.001.080.870.691.041.85
Long-term debt / equity0.460.480.500.460.420.671.14
Interest cover56.8078.3068.4256.0553.0973.0460.58
Efficiency & per share
Fixed asset turnover0.870.600.780.991.000.920.89
Inventory turnover0.350.260.410.640.600.690.66
Debtors turnover7.465.676.156.054.575.085.19
EPS (β‚Ή)27.7610.8534.2823.4928.6969.4010.05
Dividend per share (β‚Ή)2.001.801.801.501.501.501.50
Book value per share (β‚Ή)377.82358.09281.59248.82226.85199.59133.70
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue7491,6971,1297984565887101,178
Revenue growth (YoY)+64.3%+188.8%+59.1%-32.3%+14.8%---
Other income63.6070.0093.7072.3067.7015122479.00
Total expenses5021,314943575271467539996
EBITDA247383187224185120171182
EBITDA margin+33.0%+22.6%+16.5%+28.0%+40.6%+20.5%+24.1%+15.4%
Depreciation106107104101101106108108
Interest195206145168144146139146
Profit before tax10.3013931.0026.807.7020.301497.80
Tax(1.10)34.90(14.80)6.70(5.40)3.1017.40(10.60)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue4,0802,8732,6514,3304,5594,0543,356
Revenue growth+42.0%+8.4%-38.8%-5.0%+12.5%+20.8%-
Other income304526255127852174211
Total expenses3,1022,2211,8313,3793,7313,1952,356
Employee cost467398349282229207209
EBITDA978652820951828859999
EBITDA margin+24.0%+22.7%+30.9%+22.0%+18.2%+21.2%+29.8%
Depreciation414425400332285306316
Interest664566451331295492573
Profit before tax2051882234151,100236322
Tax21.401.30(22.60)74.1015223.0059.40
Net profit1219.38246325471280216
Net profit margin+3.0%+0.3%+9.3%+7.5%+10.3%+6.9%+6.4%
EPS (β‚Ή)4.254.336.138.5023.635.316.55
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital431431401401401401401
Reserves & surplus11,53411,4266,4346,2485,9685,0804,866
Shareholders' funds (net worth)11,96511,8576,8356,6496,3695,4815,267
Secured loans2,8301,1642,0851,9041,6371,6003,404
Unsecured loans6,2304,2353,2072,2991,4811,3611,415
Total debt9,0615,3995,2924,2043,1182,9604,819
Total liabilities21,12117,36212,22610,9409,5598,48110,767
Assets
Gross block4,5234,0653,9063,3602,4252,3382,552
Net block2,9572,8942,8632,0531,4441,6292,195
Capital work in progress0.004.900.30174441718773
Investments4,9653,9811,4911,6251,5661,5603,253
Inventories8,6187,4735,8325,3435,4306,8807,715
Sundry debtors737337325398624944963
Cash & bank balances7021,3855564035501,587486
Loans & advances11,6076,4014,2843,6913,8502,5931,469
Total current assets21,66415,59610,9979,83510,45412,00410,632
Total current liabilities11,1189,0567,3086,9927,7219,7198,822
Net working capital10,5466,5403,6892,8432,7322,2861,811
Total assets21,12117,36212,22610,9409,5598,48110,767
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash1,3185392674731,534421306
Net cash from operating activities1,06278.901307061,4922,885220
Net cash from investing activities(4,607)(3,165)31.60(1,353)(2,696)(749)(390)
Net cash from financing activities2,6323,865110442143(1,023)285
Net change in cash(912)778272(205)(1,061)1,113116
Closing cash7021,3855564035501,587486
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+42.0%+8.4%-38.8%-5.0%+12.5%+20.8%-
EBITDA growth+50.0%-20.5%-13.8%+14.8%-3.6%-14.0%-
PBT growth+9.0%-15.9%-46.2%-62.3%+366.4%-26.7%+8.0%
Net income growth+1189.7%-96.2%-24.5%-30.9%+68.2%+29.8%-
Revenue CAGR (3Y)-2.0%-14.3%-13.2%+8.9%+23.2%+10.7%+15.5%
EBITDA CAGR (3Y)+1.0%-7.7%-1.6%-1.7%+8.9%+14.3%+31.0%
Profitability & leverage
Net income margin+4.5%+6.5%+9.3%+7.9%+20.8%+5.3%+7.8%
Return on capital employed+4.3%+4.3%+5.8%+7.3%+9.3%+8.3%+8.4%
Return on net worth+1.0%+0.1%+3.7%+5.2%+7.9%+5.2%+4.5%
Debt / equity0.610.570.700.560.510.721.01
Long-term debt / equity0.180.210.250.220.210.190.26
Interest cover117.56248.97107.5053.5354.3188.8983.77
Efficiency & per share
Fixed asset turnover0.950.720.731.501.911.661.83
Inventory turnover0.510.430.470.800.740.560.43
Debtors turnover7.608.687.338.475.814.253.33
EPS (β‚Ή)4.254.336.138.5023.635.316.55
Dividend per share (β‚Ή)2.001.801.801.501.501.501.50
Book value per share (β‚Ή)277.81275.29170.48165.86158.88136.71131.39

Competitors of Shikhar Spaces

Shikhar Spaces has 3 listed competitors in our database. They include Knight Frank, IMCL and Brickfolio.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
knightfrank.com1896Mumbai, India
Provider of brokerage services for selling of residential & commercial properties
imcapitals.com1991Delhi, India2
Real estate sales, leasing advisory, and loan assistance are offered.
brickfolio.in2017Pune, India87
Offers comprehensive real estate and property management services.
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Top companies in Affordable & Senior Housing

3 companies that operate in the same segment as Shikhar Spaces (Affordable & Senior Housing) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Loans for affordable housing in tier 2,3 and 4 cities
2010Mumbai, Maharashtra, IndiaUSD 607.85 MUSD 389.13 M4,580
Affordable housing finance solutions are provided to underserved individuals.
2010Gurugram, Haryana, IndiaUSD 236.82 MUSD 31.04 M2,880
Home loans and financial services are provided to customers.
2014Bengaluru, Karnataka, IndiaUSD 38.2 MUSD 4.42 M579
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Related news about Shikhar Spaces

Prestige Estates Projects: Completes First Part Of CPPIB Investment In Prestige Hospitality Ventures For ₹1,500 Crore
Exchange Update β€’ 20 days ago
Prestige Estates: HSBC on Prestige Estates Maintains Buy, Target Price ₹2,050; Q2FY27 pre-sales rose 20% YoY to around ₹72bn and collections increased 26% to ₹53bn; ₹40bn of projects were launched, with over ₹400bn of launches planned for H2FY27, while hospitality occupancy stood at 70% and retail gross turnover reached ₹7.2bn.
Exchange Update β€’ 21 days ago
Prestige Estates: Nomura on Prestige Estates Maintains Buy, Target Price ₹1,900; quarterly pre-sales of ₹72.25bn exceeded its ₹60bn estimate despite macro volatility; launch momentum is expected to improve, with only around ₹160bn launched against ₹570bn planned for the year, while FY27 pre-sales estimates remain at ₹350bn, up 17% YoY.
Exchange Update β€’ 21 days ago
Prestige Estates: Citi on Prestige Estates Maintains Buy, Target Price ₹1,850; Q2FY27 pre-sales rose 20% YoY and 10% QoQ to ₹72bn, beating estimates by 8%; launches slowed to ₹40bn from ₹135bn, improving the pre-sales-to-launches-plus-inventory ratio to 0.7x and reducing inventory days to nine months; the company also announced a ₹30bn investment by CPP Investments for around 27% of Prestige Hospitality Ventures.
Exchange Update β€’ 21 days ago
Prestige Estates Projects: Reports ₹1,38,043 Million In Pre-Sales For H1 FY27; Launched 9 New Projects Covering 10.09 Million Square Feet; Received ₹30,000 Million Investment From CPP Investments For Hospitality Growth.
Exchange Update β€’ 22 days ago
PRESTIGE: Rs. 39.96 Crores NSE Block Trade; for ~ 272,794 Shares, at Rs. 1464.80
Exchange Update β€’ 29 days ago
PRESTIGE ESTATES: Bombay High Court Nullifies Mahareat Order, Reinstating Project De-Registration And Change Of Promoter For Turf View Project In Mahalaxmi; Disputes And Claims Resolved Among Parties.
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Frequently Asked Questions about Shikhar Spaces

Shikhar Spaces was founded in 1992.

Shikhar Spaces is headquartered in Noida, India. It is registered at Noida, Uttar Pradesh, India.

Shikhar Spaces has 1,413 employees.

The primary company behind Shikhar Spaces, Prestige Estates Projects Limited, reported revenue of β‚Ή13,196 Cr for FY 2026, up 73% year on year.

Shikhar Spaces is a real estate developer specializing in luxury homes and properties in Uttarakhand. They focus on creating sustainable, innovative living spaces that blend modern amenities with natural beauty. Their activities include developing villas and gated communities in locations like Bhimtal and Nainital, targeting families seeking serene environments for high-quality living.

Shikhar Spaces's top competitors include Knight Frank, IMCL and Brickfolio.

Shikhar Spaces offers Anandvan Villas, The Lake County, and Sunny Lake Greens.

Yes, Shikhar Spaces is publicly traded on NSE under the ticker symbol PRESTIGE.

Shikhar Spaces operates through Prestige Estates Projects Limited.

The legal entities of Shikhar Spaces currently have 10 directors, including Irfanrazack, Rezwan Razack, Neelam Chhiber and others.

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