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PSP Projects Overview

PSP Projects Ltd is a civil construction corporation. The Company is engaged inside the enterprise of making investments in joint ventures or partnerships or SPV for development of townships, construction of residential-industrial premises, roads or bridges, and real estate enterprise. The Company offers a variety of construction and allied offerings across commercial, institutional, government, government residential and residential tasks in India. Its construction initiatives are classified as Industrial Projects, Institutional Projects, Gove...Read More

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PSP Projects Key Financials

Market Cap ₹2890 Cr.

Stock P/E 49.9

P/B 2.3

Current Price ₹729.1

Book Value ₹ 313.6

Face Value 10

52W High ₹1030.8

Dividend Yield 0%

52W Low ₹ 569.3

PSP Projects Share Price

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Volume
Price

PSP Projects Quarterly Price

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PSP Projects Peer Comparison

PSP Projects Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 620 705 668 623 586 630 673 518 703 813
Other Income 6 6 6 4 5 4 5 4 4 4
Total Income 626 711 674 627 591 634 678 522 707 817
Total Expenditure 547 635 615 549 548 595 641 493 653 758
Operating Profit 79 76 59 78 42 39 38 29 54 58
Interest 12 15 14 13 11 10 10 11 12 11
Depreciation 14 19 20 17 18 19 19 17 20 24
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 52 42 25 48 14 10 8 1 22 24
Provision for Tax 13 11 9 13 3 4 2 0 6 6
Profit After Tax 38 31 16 35 10 7 6 0 16 18
Adjustments 0 0 -1 -0 -0 -2 -0 -0 0 -0
Profit After Adjustments 39 31 16 35 10 5 6 0 16 18
Adjusted Earnings Per Share 10.7 8.6 4.3 8.7 2.6 1.3 1.6 0.1 4.1 4.5

PSP Projects Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 476 445 752 1050 1499 1241 1748 1938 2506 2512 2707
Other Income 10 13 19 23 24 17 22 25 24 17 17
Total Income 486 458 770 1073 1523 1258 1770 1963 2530 2529 2724
Total Expenditure 441 378 647 902 1308 1106 1490 1708 2245 2333 2545
Operating Profit 45 81 123 171 215 152 280 255 285 197 179
Interest 3 8 9 10 15 15 26 32 51 44 44
Depreciation 7 8 11 24 27 26 32 40 65 73 80
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 35 65 102 137 173 111 222 183 169 80 55
Provision for Tax 13 23 36 48 45 28 55 48 46 22 14
Profit After Tax 22 42 66 89 128 83 166 135 123 58 40
Adjustments 1 -0 -0 0 0 -2 0 -3 -0 -2 0
Profit After Adjustments 23 42 66 89 128 82 167 132 123 56 40
Adjusted Earnings Per Share 0 0 18.2 24.8 35.7 22.6 46.3 36.7 34.2 14.2 10.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 0% 13% 11% 0%
Operating Profit CAGR -31% -11% -2% 0%
PAT CAGR -53% -30% -15% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 14% 2% 12% NA%
ROE Average 5% 13% 16% 26%
ROCE Average 9% 18% 22% 32%

PSP Projects Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 64 105 301 369 454 536 687 801 915 1209
Minority's Interest 0 1 1 1 1 0 0 0 0 0
Borrowings 1 3 2 0 4 3 17 38 42 18
Other Non-Current Liabilities -2 -2 -3 -6 -7 -9 -10 -11 -17 -25
Total Current Liabilities 186 219 296 365 504 452 565 924 1078 1123
Total Liabilities 250 325 597 729 956 982 1259 1752 2017 2326
Fixed Assets 54 52 78 103 108 116 207 240 322 307
Other Non-Current Assets 14 64 94 84 149 173 230 231 166 239
Total Current Assets 182 207 425 541 699 693 821 1282 1530 1779
Total Assets 250 325 597 729 956 982 1259 1752 2017 2326

PSP Projects Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 21 23 34 63 36 41 116 88 94 113
Cash Flow from Operating Activities 40 -8 70 21 16 73 147 45 -224 53
Cash Flow from Investing Activities -45 -3 -122 -23 -8 5 -164 -51 -26 -106
Cash Flow from Financing Activities 6 22 81 -26 -2 -4 -11 12 269 20
Net Cash Inflow / Outflow 1 11 29 -27 6 74 -28 6 19 -33
Closing Cash & Cash Equivalent 22 34 63 36 41 116 88 94 113 80

PSP Projects Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0 0 18.2 24.84 35.69 22.65 46.29 36.65 34.16 14.23
CEPS(Rs) 10.12 17.2 21.52 31.51 43.03 30.28 55.09 48.51 52.31 32.95
DPS(Rs) 15 2.5 5 5 5 4 5 2.5 0 0
Book NAV/Share(Rs) 0 0 83.73 102.59 126.16 148.86 190.82 222.5 254.13 304.97
Core EBITDA Margin(%) 7.33 15.08 13.9 14.14 12.73 10.87 14.78 11.87 10.41 7.14
EBIT Margin(%) 8 16.33 14.87 14 12.56 10.15 14.19 11.1 8.79 4.94
Pre Tax Margin(%) 7.29 14.54 13.63 13.07 11.56 8.94 12.68 9.45 6.76 3.18
PAT Margin (%) 4.63 9.36 8.78 8.48 8.55 6.72 9.51 6.95 4.93 2.31
Cash Profit Margin (%) 6.12 11.14 10.31 10.8 10.33 8.78 11.35 9.01 7.52 5.2
ROA(%) 8.81 14.46 14.31 13.44 15.22 8.61 14.84 8.94 6.55 2.67
ROE(%) 34.41 50.05 32.7 26.57 31.14 16.84 27.19 18.1 14.39 5.46
ROCE(%) 34.35 50.41 43.91 40.16 40.3 21.83 35.28 24.83 19.02 8.71
Receivable days 15.51 32.21 44.13 47.14 46.63 67.91 56.12 70.15 56.52 63.35
Inventory Days 7.51 5.5 9.09 18.91 20.92 27.36 17.86 22.13 34.3 46.62
Payable days 145.43 182.99 127.09 125.67 128.23 218.32 188.3 196.62 182.21 186.9
PER(x) 0 0 24.7 18.51 9.01 20.46 11.66 18.32 20.09 44.43
Price/Book(x) 0 0 5.37 4.48 2.55 3.11 2.83 3.02 2.7 2.07
Dividend Yield(%) 0 0 1.11 1.09 1.55 0.86 0.93 0.37 0 0
EV/Net Sales(x) -0.13 -0.01 1.89 1.39 0.69 1.23 1.06 1.2 1.08 1.02
EV/Core EBITDA(x) -1.37 -0.04 11.53 8.55 4.84 10.05 6.59 9.09 9.46 13.06
Net Sales Growth(%) 0 -6.55 68.99 39.75 42.73 -17.23 40.87 10.85 29.31 0.25
EBIT Growth(%) 0 90.77 53.89 31.56 28.09 -33.11 96.97 -13.32 2.43 -43.67
PAT Growth(%) 0 88.94 58.6 35.03 43.85 -34.97 99.45 -19.02 -8.31 -53.05
EPS Growth(%) 0 0 0 36.49 43.66 -36.54 104.42 -20.83 -6.8 -58.34
Debt/Equity(x) 0.73 0.73 0.1 0.08 0.18 0.16 0.15 0.18 0.5 0.22
Current Ratio(x) 0.98 0.95 1.44 1.49 1.39 1.53 1.45 1.39 1.42 1.58
Quick Ratio(x) 0.92 0.93 1.32 1.28 1.2 1.34 1.31 1.22 1.12 1.3
Interest Cover(x) 11.35 9.14 12.02 15.2 12.51 8.39 9.37 6.73 4.33 2.81
Total Debt/Mcap(x) 0 0 0.02 0.02 0.07 0.05 0.05 0.06 0.18 0.11

PSP Projects Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 66.22 66.22 60.14 60.14 60.14 60.14 60.14 68.82 68.82 68.82
FII 3.3 2.31 7.02 8.57 7.63 7.82 3.11 2.58 2.49 1.92
DII 5.01 4.53 10.45 10.95 8.05 7.95 2.3 2.06 2.14 2.14
Public 25.47 26.94 22.39 20.34 24.18 24.1 34.46 26.54 26.55 27.13
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

PSP Projects News

PSP Projects Pros & Cons

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 13% over the last 3 years.
  • Debtor days have increased from 182.21 to 186.9days.
  • The company has delivered a poor profit growth of -14% over past five years.
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