Parsvnath Developers Ltd

Parsvnath Developers Ltd

₹ 16.8 -1.47%
22 Nov - close price
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.

  • Market Cap 731 Cr.
  • Current Price 16.8
  • High / Low 21.8 / 10.0
  • Stock P/E
  • Book Value 1.16
  • Dividend Yield 0.00 %
  • ROCE 0.55 %
  • ROE -88.5 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company is expected to give good quarter

Cons

  • Stock is trading at 14.5 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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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
24 275 429 30 21 46 190 23 65 157 43 36 17
29 228 520 58 29 64 267 32 35 120 120 37 28
Operating Profit -5 47 -91 -27 -8 -18 -78 -9 31 37 -77 -2 -11
OPM % -19% 17% -21% -90% -39% -39% -41% -37% 47% 23% -176% -4% -69%
6 2 2 1 1 2 -51 1 4 2 -112 1 1
Interest 30 38 59 34 35 32 84 47 43 34 94 42 44
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax -30 9 -149 -62 -43 -49 -214 -55 -9 3 -284 -43 -55
Tax % 14% 0% 0% 0% 0% 0% 40% 47% 0% 0% 18% 0% 0%
-34 9 -149 -62 -43 -49 -299 -81 -9 3 -336 -43 -55
EPS in Rs -0.78 0.22 -3.42 -1.42 -0.98 -1.12 -6.86 -1.86 -0.21 0.08 -7.71 -0.99 -1.27
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 TTM
449 422 715 300 246 107 820 1,114 286 743 285 287 253
242 273 418 252 195 161 930 1,080 341 806 416 305 306
Operating Profit 207 149 297 47 51 -55 -110 34 -55 -63 -131 -18 -53
OPM % 46% 35% 42% 16% 21% -51% -13% 3% -19% -8% -46% -6% -21%
37 40 -428 40 25 52 12 122 50 12 -48 -105 -108
Interest 101 131 148 109 109 128 164 268 227 151 185 218 215
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 -379
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 -431
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 -9.89
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: -22%
Compounded Profit Growth
10 Years: %
5 Years: -7%
3 Years: -12%
TTM: 18%
Stock Price CAGR
10 Years: -1%
5 Years: 54%
3 Years: -3%
1 Year: 43%
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 Sep 2024
Equity Capital 218 218 218 218 218 218 218 218 218 218 218 218 218
Reserves 2,440 2,464 2,376 2,376 2,341 2,224 1,349 1,256 1,014 806 354 -69 -167
1,451 1,489 1,442 1,505 1,693 2,131 1,846 1,423 1,538 1,379 1,072 927 818
1,977 2,078 1,320 1,295 1,470 1,570 3,614 3,419 3,399 2,939 3,005 3,075 2,899
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 3,768
124 117 114 96 183 172 39 150 142 45 46 39 260
CWIP 486 526 544 575 528 598 394 454 497 139 140 221 0
Investments 450 513 513 531 534 528 917 815 853 862 1,058 1,269 881
5,026 5,093 4,183 4,192 4,477 4,845 5,676 4,897 4,678 4,296 3,404 2,621 2,627
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 3,768

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 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 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 1,33,1631,32,9821,31,7261,32,0021,31,4491,29,9321,28,1031,28,3111,26,5991,23,9151,23,7001,20,353

* 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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