Market Cap ₹2540 Cr.
Stock P/E 15.0
P/B 2.2
Current Price ₹640.7
Book Value ₹ 288.5
Face Value 10
52W High ₹846
Dividend Yield 0.39%
52W Low ₹ 598
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, Government Projects, Government Residential Projects and Residential Projects. Its Industrial Projects contain the development of business homes for pharmaceutical plant, meals processing devices, engineering units and production and processing facilities. Its institutional tasks involve the construction of buildings for hospitals and healthcare services, malls, hospitality services and company places of work.
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| #(Fig in Cr.) | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 390 | 486 | 555 | 348 | 360 | 500 | 730 | 514 | 620 | 705 |
| Other Income | 4 | 9 | 5 | 6 | 6 | 6 | 7 | 6 | 6 | 6 |
| Total Income | 395 | 495 | 559 | 354 | 366 | 507 | 736 | 519 | 626 | 711 |
| Total Expenditure | 336 | 410 | 466 | 300 | 321 | 438 | 649 | 447 | 547 | 635 |
| Operating Profit | 59 | 85 | 93 | 53 | 46 | 68 | 88 | 72 | 79 | 76 |
| Interest | 4 | 10 | 9 | 6 | 7 | 10 | 9 | 9 | 12 | 15 |
| Depreciation | 7 | 9 | 10 | 9 | 9 | 10 | 12 | 12 | 14 | 19 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 48 | 66 | 73 | 39 | 30 | 48 | 66 | 51 | 52 | 42 |
| Provision for Tax | 12 | 16 | 19 | 10 | 8 | 13 | 17 | 13 | 13 | 11 |
| Profit After Tax | 36 | 50 | 55 | 29 | 22 | 35 | 49 | 38 | 38 | 31 |
| Adjustments | 0 | -0 | 0 | 0 | 0 | 0 | -3 | 0 | 0 | 0 |
| Profit After Adjustments | 36 | 50 | 55 | 29 | 22 | 35 | 46 | 38 | 39 | 31 |
| Adjusted Earnings Per Share | 10.1 | 13.9 | 15.3 | 8.1 | 6 | 9.8 | 12.8 | 10.5 | 10.7 | 8.6 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 476 | 445 | 752 | 1050 | 1499 | 1241 | 1748 | 1938 | 2569 |
| Other Income | 10 | 13 | 19 | 23 | 24 | 17 | 22 | 25 | 25 |
| Total Income | 486 | 458 | 770 | 1073 | 1523 | 1258 | 1770 | 1963 | 2592 |
| Total Expenditure | 441 | 378 | 647 | 902 | 1308 | 1106 | 1490 | 1708 | 2278 |
| Operating Profit | 45 | 81 | 123 | 171 | 215 | 152 | 280 | 255 | 315 |
| Interest | 3 | 8 | 9 | 10 | 15 | 15 | 26 | 32 | 45 |
| Depreciation | 7 | 8 | 11 | 24 | 27 | 26 | 32 | 40 | 57 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 35 | 65 | 102 | 137 | 173 | 111 | 222 | 183 | 211 |
| Provision for Tax | 13 | 23 | 36 | 48 | 45 | 28 | 55 | 48 | 54 |
| Profit After Tax | 22 | 42 | 66 | 89 | 128 | 83 | 166 | 135 | 156 |
| Adjustments | 1 | -0 | -0 | 0 | 0 | -2 | 0 | -3 | -3 |
| Profit After Adjustments | 23 | 42 | 66 | 89 | 128 | 82 | 167 | 132 | 154 |
| Adjusted Earnings Per Share | 0 | 0 | 18.2 | 24.8 | 35.7 | 22.6 | 46.3 | 36.7 | 42.6 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 11% | 9% | 21% | 0% |
| Operating Profit CAGR | -9% | 6% | 16% | 0% |
| PAT CAGR | -19% | 2% | 15% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -13% | 16% | 8% | NA% |
| ROE Average | 18% | 21% | 24% | 30% |
| ROCE Average | 25% | 27% | 32% | 36% |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 64 | 105 | 301 | 369 | 454 | 536 | 687 | 801 |
| Minority's Interest | 0 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
| Borrowings | 1 | 3 | 2 | 0 | 4 | 3 | 17 | 38 |
| Other Non-Current Liabilities | -2 | -2 | -3 | -6 | -7 | -9 | -10 | -11 |
| Total Current Liabilities | 186 | 219 | 296 | 365 | 504 | 452 | 565 | 924 |
| Total Liabilities | 250 | 325 | 597 | 729 | 956 | 982 | 1259 | 1752 |
| Fixed Assets | 54 | 52 | 78 | 103 | 108 | 116 | 207 | 240 |
| Other Non-Current Assets | 14 | 64 | 94 | 84 | 149 | 173 | 230 | 231 |
| Total Current Assets | 182 | 207 | 425 | 541 | 699 | 693 | 821 | 1282 |
| Total Assets | 250 | 325 | 597 | 729 | 956 | 982 | 1259 | 1752 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 21 | 23 | 34 | 63 | 36 | 41 | 116 | 88 |
| Cash Flow from Operating Activities | 40 | -8 | 70 | 21 | 16 | 73 | 147 | 45 |
| Cash Flow from Investing Activities | -45 | -3 | -122 | -23 | -8 | 5 | -164 | -51 |
| Cash Flow from Financing Activities | 6 | 22 | 81 | -26 | -2 | -4 | -11 | 12 |
| Net Cash Inflow / Outflow | 1 | 11 | 29 | -27 | 6 | 74 | -28 | 6 |
| Closing Cash & Cash Equivalent | 22 | 34 | 63 | 36 | 41 | 116 | 88 | 94 |
| # | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 0 | 0 | 18.2 | 24.84 | 35.69 | 22.65 | 46.29 | 36.65 |
| CEPS(Rs) | 10.12 | 17.2 | 21.52 | 31.51 | 43.03 | 30.28 | 55.09 | 48.51 |
| DPS(Rs) | 15 | 2.5 | 5 | 5 | 5 | 4 | 5 | 2.5 |
| Book NAV/Share(Rs) | 0 | 0 | 83.73 | 102.59 | 126.16 | 148.86 | 190.82 | 222.5 |
| Core EBITDA Margin(%) | 7.33 | 15.08 | 13.9 | 14.14 | 12.73 | 10.87 | 14.78 | 11.87 |
| EBIT Margin(%) | 8 | 16.33 | 14.87 | 14 | 12.56 | 10.15 | 14.19 | 11.1 |
| Pre Tax Margin(%) | 7.29 | 14.54 | 13.63 | 13.07 | 11.56 | 8.94 | 12.68 | 9.45 |
| PAT Margin (%) | 4.63 | 9.36 | 8.78 | 8.48 | 8.55 | 6.72 | 9.51 | 6.95 |
| Cash Profit Margin (%) | 6.12 | 11.14 | 10.31 | 10.8 | 10.33 | 8.78 | 11.35 | 9.01 |
| ROA(%) | 8.81 | 14.46 | 14.31 | 13.44 | 15.22 | 8.61 | 14.84 | 8.94 |
| ROE(%) | 34.41 | 50.05 | 32.7 | 26.57 | 31.14 | 16.84 | 27.19 | 18.1 |
| ROCE(%) | 34.35 | 50.41 | 43.91 | 40.16 | 40.3 | 21.83 | 35.28 | 24.83 |
| Receivable days | 15.51 | 32.21 | 44.13 | 47.14 | 46.63 | 67.91 | 56.12 | 70.15 |
| Inventory Days | 7.51 | 5.5 | 9.09 | 18.91 | 20.92 | 27.36 | 17.86 | 22.13 |
| Payable days | 145.43 | 182.99 | 127.09 | 125.67 | 128.23 | 218.32 | 188.3 | 196.62 |
| PER(x) | 0 | 0 | 24.7 | 18.51 | 9.01 | 20.46 | 11.66 | 18.32 |
| Price/Book(x) | 0 | 0 | 5.37 | 4.48 | 2.55 | 3.11 | 2.83 | 3.02 |
| Dividend Yield(%) | 0 | 0 | 1.11 | 1.09 | 1.55 | 0.86 | 0.93 | 0.37 |
| EV/Net Sales(x) | -0.13 | -0.01 | 1.89 | 1.39 | 0.69 | 1.23 | 1.06 | 1.2 |
| EV/Core EBITDA(x) | -1.37 | -0.04 | 11.53 | 8.55 | 4.84 | 10.05 | 6.59 | 9.09 |
| Net Sales Growth(%) | 0 | -6.55 | 68.99 | 39.75 | 42.73 | -17.23 | 40.87 | 10.85 |
| EBIT Growth(%) | 0 | 90.77 | 53.89 | 31.56 | 28.09 | -33.11 | 96.97 | -13.32 |
| PAT Growth(%) | 0 | 88.94 | 58.6 | 35.03 | 43.85 | -34.97 | 99.45 | -19.02 |
| EPS Growth(%) | 0 | 0 | 0 | 36.49 | 43.66 | -36.54 | 104.42 | -20.83 |
| Debt/Equity(x) | 0.73 | 0.73 | 0.1 | 0.08 | 0.18 | 0.16 | 0.15 | 0.18 |
| Current Ratio(x) | 0.98 | 0.95 | 1.44 | 1.49 | 1.39 | 1.53 | 1.45 | 1.39 |
| Quick Ratio(x) | 0.92 | 0.93 | 1.32 | 1.28 | 1.2 | 1.34 | 1.31 | 1.22 |
| Interest Cover(x) | 11.35 | 9.14 | 12.02 | 15.2 | 12.51 | 8.39 | 9.37 | 6.73 |
| Total Debt/Mcap(x) | 0 | 0 | 0.02 | 0.02 | 0.07 | 0.05 | 0.05 | 0.06 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 70.16 | 70.2 | 70.39 | 70.45 | 67.54 | 67.59 | 66.22 | 66.22 | 66.22 | 66.22 |
| FII | 1.71 | 1.78 | 1.89 | 1.97 | 2.27 | 2.47 | 4.2 | 4.24 | 3.3 | 2.31 |
| DII | 5.72 | 4.77 | 4.82 | 4.4 | 4.16 | 4.51 | 5.32 | 5.35 | 5.01 | 4.53 |
| Public | 22.41 | 23.24 | 22.9 | 23.17 | 26.04 | 25.43 | 24.26 | 24.19 | 25.47 | 26.94 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 2.53 | 2.53 | 2.53 | 2.54 | 2.43 | 2.43 | 2.38 | 2.38 | 2.38 | 2.38 |
| FII | 0.06 | 0.06 | 0.07 | 0.07 | 0.08 | 0.09 | 0.15 | 0.15 | 0.12 | 0.08 |
| DII | 0.21 | 0.17 | 0.17 | 0.16 | 0.15 | 0.16 | 0.19 | 0.19 | 0.18 | 0.16 |
| Public | 0.81 | 0.84 | 0.82 | 0.83 | 0.94 | 0.92 | 0.87 | 0.87 | 0.92 | 0.97 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 3.6 | 3.6 | 3.6 | 3.6 | 3.6 | 3.6 | 3.6 | 3.6 | 3.6 | 3.6 |
Pros
Cons
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | GMP | Expected Listing | Listing Gain(%) | Listing Price | Current Price | Type | Exchange |
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