PSP Projects Ltd

PSP Projects Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

PSP Projects Ltd

₹ 636 3.11%
08 Nov - close price
pspprojects.com BSE: 540544 NSE: PSPPROJECT
About

PSP Projects Limited is a construction company incorporated in August 2008 offering a diversified range of construction and allied services across industrial, institutional, government, government residential, and residential projects in India. The principal promoter, Mr. Prahalad S. Patel has over three decades of experience in the construction industry. [1]
It is also engaged in the real estate development of two mid-scale projects in the USA through its subsidiaries [2]

Key Points

Fast Growing construction company
In Oct,23, the company was awarded the “Fastest Growing Construction Company in India” (below 2000 Cr. turnover category) at the 21st Construction World Global Awards, 2023. [1]

As of Q3FY24, It has completed 219 Projects and 49 projects are under execution.
In December 2021, the co. commissioned a Precast facility in Gujarat to provide Sustainable Building Solutions and Technological Upgradation. [2]

Website BSE NSE
  • Market Cap ₹ 2,522 Cr.
  • Current Price ₹ 636
  • High / Low ₹ 815 / 565
  • Stock P/E 27.1
  • Book Value ₹ 302
  • Dividend Yield 0.00 %
  • ROCE 19.1 %
  • ROE 14.4 %
  • Face Value ₹ 10.0
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Pros

  • Debtor days have improved from 65.7 to 49.7 days.
  • Company's median sales growth is 33.3% of last 10 years

Cons

  • Contingent liabilities of Rs.808 Cr.
  • Company's cost of borrowing seems high
  • Promoter holding has decreased over last 3 years: -9.74%
  • Working capital days have increased from 55.7 days to 95.0 days

* 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: Construction Industry: Construction

Part of BSE Allcap BSE Industrials BSE SmallCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
390 486 555 345 357 497 727 510 607 697 649 612 578
336 412 467 298 318 436 650 445 533 625 597 538 539
Operating Profit 55 74 88 47 39 62 78 65 74 71 52 73 39
OPM % 14% 15% 16% 14% 11% 12% 11% 13% 12% 10% 8% 12% 7%
5 8 5 6 8 6 7 6 6 7 6 4 5
Interest 4 10 9 6 7 10 9 9 12 15 14 13 11
Depreciation 7 9 10 9 9 10 12 12 14 19 20 17 18
Profit before tax 49 63 74 38 31 48 63 49 53 44 24 47 15
Tax % 25% 25% 27% 26% 26% 27% 26% 26% 26% 26% 36% 28% 25%
37 47 54 28 23 35 46 37 39 33 15 34 11
EPS in Rs 10.16 13.03 14.95 7.91 6.37 9.81 12.86 10.20 10.95 9.03 4.24 8.65 2.81
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 TTM
257 210 280 455 401 730 1,044 1,499 1,241 1,749 1,927 2,462 2,536
235 194 258 415 335 628 895 1,308 1,106 1,492 1,699 2,200 2,300
Operating Profit 22 17 22 39 66 102 149 191 135 257 228 262 236
OPM % 9% 8% 8% 9% 16% 14% 14% 13% 11% 15% 12% 11% 9%
4 4 7 10 13 18 23 25 14 21 24 24 21
Interest 4 2 2 3 8 9 9 15 15 26 32 51 53
Depreciation 4 4 5 7 8 11 24 27 26 32 40 65 73
Profit before tax 18 15 21 39 64 100 139 174 109 219 180 170 130
Tax % 33% 35% 34% 36% 35% 36% 35% 26% 26% 26% 26% 27%
12 10 14 25 42 64 90 129 81 162 133 124 93
EPS in Rs 153.12 125.88 175.62 78.53 14.45 17.88 25.07 35.91 22.44 45.11 36.95 34.42 24.73
Dividend Payout % 7% 16% 5% 19% 17% 28% 20% 14% 18% 11% 7% 0%
Compounded Sales Growth
10 Years: 28%
5 Years: 19%
3 Years: 26%
TTM: 8%
Compounded Profit Growth
10 Years: 29%
5 Years: 6%
3 Years: 14%
TTM: -41%
Stock Price CAGR
10 Years: %
5 Years: 3%
3 Years: 7%
1 Year: -18%
Return on Equity
10 Years: 23%
5 Years: 20%
3 Years: 19%
Last Year: 14%

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 Sep 2024
Equity Capital 1 1 1 3 29 36 36 36 36 36 36 36 40
Reserves 26 34 46 63 78 267 335 421 502 649 764 879 1,158
15 26 33 45 68 22 26 75 81 100 145 455 274
59 75 106 117 140 260 333 427 371 482 811 653 849
Total Liabilities 101 136 186 229 315 584 731 959 990 1,267 1,756 2,022 2,321
18 19 33 52 51 77 103 108 116 207 240 322 316
CWIP 0 0 0 0 0 2 0 0 42 0 18 3 1
Investments 3 9 13 18 22 20 4 4 1 1 1 1 1
79 109 140 158 242 486 623 847 832 1,059 1,498 1,697 2,003
Total Assets 101 136 186 229 315 584 731 959 990 1,267 1,756 2,022 2,321

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
26 20 30 41 13 70 28 19 71 120 43 -227
2 -41 -26 -43 -19 -122 -34 -11 5 -140 -48 -25
-14 9 4 3 17 81 -22 -2 -2 -8 12 269
Net Cash Flow 15 -12 8 0 11 29 -28 6 74 -28 6 17

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 17 24 31 8 49 58 50 55 65 65 82 50
Inventory Days 7 7 12 8 9 45 66 66 82 59 96 151
Days Payable 132 183 175 133 199 164 140 148 237 188 232 198
Cash Conversion Cycle -108 -152 -132 -117 -142 -60 -24 -27 -89 -64 -54 2
Working Capital Days -44 -71 -97 -63 -55 -44 -8 16 27 30 42 95
ROCE % 53% 34% 33% 44% 50% 44% 41% 41% 22% 35% 25% 19%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
70.16% 70.20% 70.39% 70.45% 67.54% 67.59% 66.22% 66.22% 66.22% 66.22% 60.14% 60.14%
1.71% 1.78% 1.89% 1.97% 2.27% 2.47% 4.20% 4.23% 3.30% 2.31% 7.02% 8.58%
5.72% 4.77% 4.82% 4.40% 4.15% 4.51% 5.33% 5.35% 5.01% 4.53% 10.45% 10.94%
22.41% 23.24% 22.90% 23.18% 26.03% 25.43% 24.26% 24.20% 25.48% 26.94% 22.39% 20.35%
No. of Shareholders 28,32435,12335,28536,75036,92136,25236,91142,34648,54145,77241,86140,839

* 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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