Puravankara Ltd

Puravankara Ltd

₹ 495 4.99%
28 Jun - close price
About

Company is in the business of development and sale of real estate. Projects in metro cities like Bengaluru, Hyderabad, Chennai, Kolkata, Mumbai, Pune and Goa.

Company has completed 43 million square feet covering 74 projects.
[1]

Key Points

Brands & Offerings
1. Puravankara (luxury housing and commercial offices): [1]
This segment covers 55% of ongoing projects and 39% of new launches in the pipeline [2]

  • Market Cap 11,749 Cr.
  • Current Price 495
  • High / Low 495 / 92.4
  • Stock P/E 350
  • Book Value 71.1
  • Dividend Yield 1.27 %
  • ROCE 7.02 %
  • ROE 1.92 %
  • Face Value 5.00

Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 179%
  • Debtor days have improved from 118 to 87.4 days.

Cons

  • Stock is trading at 6.97 times its book value
  • Company has low interest coverage ratio.
  • Tax rate seems low
  • Company has a low return on equity of 2.60% over last 3 years.
  • Earnings include an other income of Rs.109 Cr.

* 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.

Peer comparison

Sector: Realty Industry: Construction

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
135.91 424.06 121.93 74.34 109.98 98.32 54.91 246.49 248.52 175.27 187.05 313.19 430.20
87.47 215.43 80.27 42.32 95.69 76.58 50.09 184.42 265.49 151.39 153.88 202.30 444.89
Operating Profit 48.44 208.63 41.66 32.02 14.29 21.74 4.82 62.07 -16.97 23.88 33.17 110.89 -14.69
OPM % 35.64% 49.20% 34.17% 43.07% 12.99% 22.11% 8.78% 25.18% -6.83% 13.62% 17.73% 35.41% -3.41%
10.50 156.30 8.80 19.87 26.10 121.26 12.21 22.70 96.33 14.74 10.61 14.89 69.14
Interest 59.44 52.15 45.11 46.20 47.76 43.03 44.86 51.46 48.69 52.54 55.57 55.96 58.40
Depreciation 2.49 2.47 2.42 2.26 2.12 1.91 1.95 2.95 0.96 2.45 2.70 2.71 2.89
Profit before tax -2.99 310.31 2.93 3.43 -9.49 98.06 -29.78 30.36 29.71 -16.37 -14.49 67.11 -6.84
Tax % 41.47% 46.08% 32.08% 6.71% 32.14% 21.22% 20.52% 20.39% -22.82% 24.25% 26.22% 25.30% 195.03%
-1.75 167.32 1.99 3.20 -6.44 77.25 -23.67 24.17 36.49 -12.40 -10.69 50.13 6.50
EPS in Rs -0.07 7.06 0.08 0.13 -0.27 3.26 -1.00 1.02 1.54 -0.52 -0.45 2.11 0.27
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
815 923 1,202 1,016 976 886 1,472 1,271 564 730 648 1,106
425 618 946 769 682 713 1,160 1,009 381 434 577 952
Operating Profit 390 305 256 247 295 173 312 262 183 297 72 153
OPM % 48% 33% 21% 24% 30% 20% 21% 21% 32% 41% 11% 14%
9 54 25 77 56 105 67 51 67 211 252 109
Interest 227 211 192 204 232 182 238 256 252 191 188 222
Depreciation 5 6 11 11 10 9 10 12 11 9 8 11
Profit before tax 167 141 78 110 109 87 132 45 -14 307 128 29
Tax % 33% 25% -9% 22% 13% 11% 30% 32% 31% 46% 11% -14%
112 106 85 86 95 77 92 31 -10 166 114 34
EPS in Rs 5.26 4.47 3.60 3.63 4.00 3.26 3.87 1.29 -0.41 7.00 4.82 1.41
Dividend Payout % 67% 43% 43% 22% 56% 49% 26% 0% 0% 71% 21% 445%
Compounded Sales Growth
10 Years: 2%
5 Years: -6%
3 Years: 25%
TTM: 71%
Compounded Profit Growth
10 Years: -11%
5 Years: -18%
3 Years: 76%
TTM: 26%
Stock Price CAGR
10 Years: 16%
5 Years: 49%
3 Years: 78%
1 Year: 436%
Return on Equity
10 Years: 3%
5 Years: 2%
3 Years: 3%
Last Year: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 107 119 119 119 119 119 119 119 119 119 119 119
Reserves 1,477 1,692 1,732 1,780 1,855 1,874 1,529 1,532 1,521 1,687 1,681 1,568
1,598 1,500 1,522 1,806 1,550 1,829 2,168 2,123 1,860 1,509 1,726 1,966
283 661 845 787 1,341 1,458 2,344 1,952 2,167 2,336 2,923 3,902
Total Liabilities 3,465 3,972 4,218 4,491 4,865 5,279 6,161 5,726 5,667 5,651 6,448 7,554
73 77 86 50 81 99 94 77 63 50 38 58
CWIP 1 0 1 0 0 33 33 0 0 3 0 2
Investments 61 57 39 462 33 43 46 63 70 46 278 351
3,331 3,838 4,093 3,979 4,750 5,104 5,987 5,586 5,533 5,551 6,131 7,143
Total Assets 3,465 3,972 4,218 4,491 4,865 5,279 6,161 5,726 5,667 5,651 6,448 7,554

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
181 86 291 36 -160 173 -97 283 368 383 47 855
-32 1 -64 -19 556 -215 40 43 202 180 114 -458
-2 -158 -237 58 -513 48 80 -302 -558 -526 -68 -99
Net Cash Flow 147 -72 -11 75 -117 5 22 24 12 38 93 298

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 97 96 95 79 109 68 30 44 105 72 196 87
Inventory Days 3,306 1,501 2,473 6,759 2,460 2,770 25,233
Days Payable 214 138 189 555 171 244 2,285
Cash Conversion Cycle 3,189 96 1,458 2,363 109 6,273 2,319 2,570 23,054 72 196 87
Working Capital Days 773 745 562 859 802 639 302 356 1,576 1,182 1,370 503
ROCE % 13% 11% 8% 9% 9% 7% 10% 8% 7% 10% 6%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 74.99% 75.00% 75.00% 75.00%
16.33% 16.37% 16.31% 16.38% 16.35% 16.34% 16.35% 16.36% 16.32% 16.34% 16.49% 16.65%
1.73% 1.93% 2.03% 1.98% 1.90% 1.57% 0.83% 0.70% 0.39% 0.41% 0.40% 0.43%
6.94% 6.70% 6.66% 6.64% 6.75% 7.07% 7.81% 7.94% 8.29% 8.25% 8.10% 7.92%
No. of Shareholders 33,68632,50635,64935,35335,72036,40338,15737,86837,29736,39841,36644,576

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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