Parsvnath Developers Ltd

₹ 18.6 -2.05%

12 Nov - close price

parsvnath.com BSE: 532780 NSE: PARSVNATH

About

Incorporated in 1990, Parsvnath Developers Ltd is in the business of promotion, construction and development of real estate^[1]

Key Points

Business Overview:^[1]
PDL is is the first real estate company to integrate with ISO 9001, 14001 and OHSAS 18001. Company has a presence in over 37 cities in 13 states where it develops commercial, residential and recreational properties including office complexes, affordable housing, luxurious, shopping malls and hypermarkets, posh hotels, futuristic multiplexes, and ultra modern IT Parks and special economic zones. It also does construction on contracting basis.

Website BSE NSE - BE

Market Cap ₹ 811 Cr.
Current Price ₹ 18.6
High / Low ₹ 21.8 / 9.90
Stock P/E
Book Value ₹ 3.42
Dividend Yield 0.00 %
ROCE 0.55 %
ROE -88.5 %
Face Value ₹ 5.00

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Pros

Company is expected to give good quarter

Cons

Stock is trading at 5.45 times its book value
Company has low interest coverage ratio.
The company has delivered a poor sales growth of -18.9% over past five years.
Company has a low return on equity of -40.2% over last 3 years.
Contingent liabilities of Rs.428 Cr.
Promoters have pledged 31.2% of their holding.
Company has high debtors of 236 days.
Company's cost of borrowing seems high
Promoter holding has decreased over last 3 years: -3.07%

* 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

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
	17	24	275	429	30	21	46	190	23	65	157	43	36
	22	29	228	520	58	29	64	267	32	35	120	120	37
Operating Profit	-5	-5	47	-91	-27	-8	-18	-78	-9	31	37	-77	-2
OPM %	-32%	-19%	17%	-21%	-90%	-39%	-39%	-41%	-37%	47%	23%	-176%	-4%
	3	6	2	2	1	1	2	-51	1	4	2	-112	1
Interest	33	30	38	59	34	35	32	84	47	43	34	94	42
Depreciation	1	1	1	1	1	1	1	1	1	1	1	1	1
Profit before tax	-36	-30	9	-149	-62	-43	-49	-214	-55	-9	3	-284	-43
Tax %	0%	14%	0%	0%	0%	0%	0%	40%	47%	0%	0%	18%	0%
	-36	-34	9	-149	-62	-43	-49	-299	-81	-9	3	-336	-43
EPS in Rs	-0.82	-0.78	0.22	-3.42	-1.42	-0.98	-1.12	-6.86	-1.86	-0.21	0.08	-7.71	-0.99
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Upcoming result date: tomorrow

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
	449	422	715	300	246	107	820	1,114	286	743	285	287	301
	242	273	418	252	195	161	930	1,080	341	806	416	305	312
Operating Profit	207	149	297	47	51	-55	-110	34	-55	-63	-131	-18	-11
OPM %	46%	35%	42%	16%	21%	-51%	-13%	3%	-19%	-8%	-46%	-6%	-4%
	37	40	-428	40	25	52	12	122	50	12	-48	-105	-105
Interest	101	131	148	109	109	128	164	268	227	151	185	218	214
Depreciation	12	12	4	10	9	11	9	4	5	3	3	3	3
Profit before tax	132	46	-283	-31	-42	-141	-271	-117	-237	-205	-367	-345	-333
Tax %	44%	49%	-69%	-107%	-17%	-17%	-10%	-20%	2%	2%	23%	23%
	74	23	-88	2	-35	-117	-243	-93	-242	-209	-452	-422	-384
EPS in Rs	1.69	0.54	-2.01	0.05	-0.80	-2.70	-5.58	-2.14	-5.56	-4.81	-10.38	-9.71	-8.83
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-4%
5 Years:	-19%
3 Years:	0%
TTM:	8%

Compounded Profit Growth
10 Years:	%
5 Years:	-7%
3 Years:	-12%
TTM:	35%

Stock Price CAGR
10 Years:	0%
5 Years:	53%
3 Years:	0%
1 Year:	80%

Return on Equity
10 Years:	-8%
5 Years:	-25%
3 Years:	-40%
Last Year:	-88%

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	218	218	218	218	218	218	218	218	218	218	218	218
Reserves	2,440	2,464	2,376	2,376	2,341	2,224	1,349	1,256	1,014	806	354	-69
	1,451	1,489	1,442	1,505	1,693	2,131	1,846	1,423	1,538	1,379	1,072	927
	1,977	2,078	1,320	1,295	1,470	1,570	3,614	3,419	3,399	2,939	3,005	3,075
Total Liabilities	6,086	6,249	5,355	5,394	5,722	6,142	7,026	6,316	6,169	5,342	4,648	4,150
	124	117	114	96	183	172	39	150	142	45	46	39
CWIP	486	526	544	575	528	598	394	454	497	139	140	221
Investments	450	513	513	531	534	528	917	815	853	862	1,058	1,269
	5,026	5,093	4,183	4,192	4,477	4,845	5,676	4,897	4,678	4,296	3,404	2,621
Total Assets	6,086	6,249	5,355	5,394	5,722	6,142	7,026	6,316	6,169	5,342	4,648	4,150

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
	289	258	533	-2	50	-141	1,218	486	200	296	419	209
	14	-86	-10	3	-2	-16	-459	228	-40	-52	-4	8
	-303	-179	-443	-67	-63	156	-734	-738	-156	-247	-420	-217
Net Cash Flow	0	-7	80	-67	-16	-0	25	-24	4	-3	-4	0

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	509	500	310	748	869	2,005	120	85	399	136	358	236
Inventory Days		18,381		36,779			1,958	1,369	4,062	1,213	2,801	2,932
Days Payable		5,573		9,797			352	324	866	319	892	1,013
Cash Conversion Cycle	509	13,307	310	27,731	869	2,005	1,726	1,131	3,594	1,030	2,268	2,155
Working Capital Days	1,951	2,107	1,003	2,667	3,390	7,347	394	159	904	356	92	-857
ROCE %	6%	4%	8%	2%	2%	-1%	-3%	3%	-0%	-2%	-5%	1%

Shareholding Pattern

Numbers in percentages

1 Recently

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
	69.14%	69.14%	68.56%	66.26%	66.30%	66.30%	66.30%	66.30%	66.30%	66.30%	66.30%	66.07%
	0.46%	0.46%	0.36%	0.16%	0.16%	0.16%	0.16%	0.17%	0.16%	0.16%	0.17%	0.18%
	0.09%	0.09%	0.08%	0.09%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
	30.31%	30.31%	30.99%	33.49%	33.53%	33.53%	33.53%	33.52%	33.53%	33.54%	33.51%	33.74%
No. of Shareholders	1,33,163	1,32,982	1,31,726	1,32,002	1,31,449	1,29,932	1,28,103	1,28,311	1,26,599	1,23,915	1,23,700	1,20,353

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
	71.12%	70.47%	64.84%	68.78%	68.78%	69.14%	66.30%	66.30%	66.07%
	7.05%	6.00%	3.82%	0.44%	0.44%	0.46%	0.16%	0.16%	0.18%
	0.18%	0.09%	0.44%	0.45%	0.45%	0.09%	0.01%	0.01%	0.01%
	21.65%	23.44%	30.90%	30.33%	30.33%	30.31%	33.53%	33.54%	33.74%
No. of Shareholders	1,98,371	1,46,432	1,41,720	1,38,585	1,27,552	1,32,982	1,29,932	1,23,915	1,20,353

* 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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Parsvnath Developers Ltd

Parsvnath Developers Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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