Parsvnath Developers Ltd

Parsvnath Developers Ltd

₹ 12.7 -3.57%
04 Jul - 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 553 Cr.
  • Current Price 12.7
  • High / Low 17.3 / 7.05
  • Stock P/E
  • Book Value -39.0
  • Dividend Yield 0.00 %
  • ROCE -5.18 %
  • ROE %
  • Face Value 5.00

Pros

  • Company is expected to give good quarter

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -12.7% over past five years.
  • Contingent liabilities of Rs.1,717 Cr.
  • Promoters have pledged 30.0% of their holding.
  • Company has high debtors of 161 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
242 33 40 298 528 54 42 64 280 54 113 208 87
251 29 35 235 652 68 34 70 375 86 109 155 190
Operating Profit -8 4 4 64 -124 -15 9 -6 -95 -33 4 52 -103
OPM % -3% 11% 11% 21% -23% -28% 21% -9% -34% -60% 4% 25% -118%
31 5 7 3 4 3 2 4 -95 2 5 2 85
Interest 110 87 75 118 120 94 96 96 106 115 69 56 223
Depreciation 15 10 8 17 21 14 14 14 25 14 14 15 14
Profit before tax -102 -89 -72 -69 -259 -120 -99 -112 -321 -161 -75 -16 -255
Tax % -7% -0% -6% 0% 0% -0% -0% -44% -30% -22% 0% 0% -20%
-110 -89 -76 -69 -259 -120 -99 -161 -421 -195 -75 -16 -307
EPS in Rs -2.52 -2.05 -1.75 -1.58 -5.96 -2.76 -2.29 -3.70 -9.63 -4.49 -1.72 -0.38 -7.05
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
633 555 758 399 275 192 910 1,189 357 897 438 462
373 346 434 310 202 213 962 1,133 373 951 546 541
Operating Profit 260 209 325 89 73 -22 -52 56 -16 -55 -107 -79
OPM % 41% 38% 43% 22% 26% -11% -6% 5% -5% -6% -25% -17%
27 18 -452 36 28 16 14 77 71 19 -86 93
Interest 143 175 180 186 234 324 335 481 433 395 393 464
Depreciation 13 13 5 29 28 30 29 27 37 59 66 57
Profit before tax 132 39 -313 -90 -161 -360 -402 -375 -415 -490 -652 -507
Tax % 45% 58% 64% 45% 8% 10% 9% 3% -3% -1% -23% -17%
73 16 -113 -49 -149 -324 -367 -363 -428 -494 -801 -594
EPS in Rs 1.64 0.37 -2.47 -0.85 -3.32 -7.29 -8.35 -7.96 -9.82 -11.31 -18.39 -13.63
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -2%
5 Years: -13%
3 Years: 9%
TTM: 6%
Compounded Profit Growth
10 Years: %
5 Years: -25%
3 Years: -21%
TTM: 8%
Stock Price CAGR
10 Years: -9%
5 Years: 30%
3 Years: -1%
1 Year: 54%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 2,507 2,562 2,454 2,413 2,265 1,947 725 390 -37 -521 -1,320 -1,914
2,540 3,139 3,092 3,126 3,911 4,400 4,215 3,143 3,519 3,537 3,427 3,240
2,158 2,213 1,531 1,712 1,563 1,825 4,530 4,339 4,159 3,691 4,051 4,404
Total Liabilities 7,423 8,132 7,294 7,469 7,956 8,390 9,688 8,089 7,859 6,925 6,375 5,948
214 163 516 480 575 548 564 860 900 919 1,028 1,669
CWIP 789 848 625 678 647 747 814 915 927 835 902 21
Investments 28 15 15 79 15 15 303 344 390 390 175 388
6,392 7,106 6,139 6,232 6,720 7,081 8,007 5,971 5,642 4,781 4,270 3,870
Total Assets 7,423 8,132 7,294 7,469 7,956 8,390 9,688 8,089 7,859 6,925 6,375 5,948

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
93 -264 562 -32 -332 85 1,310 1,563 259 550 374 261
-125 -112 -7 -48 -152 -90 -470 -11 -47 39 -59 -31
14 425 -463 -69 460 0 -815 -1,576 -179 -608 -325 -214
Net Cash Flow -18 48 93 -149 -23 -6 26 -25 33 -18 -10 16

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 413 431 319 602 836 1,210 117 86 339 117 217 161
Inventory Days 18,696 25,828 2,649 1,970 5,862 1,632 3,142 3,191
Days Payable 5,195 5,891 397 365 962 319 670 771
Cash Conversion Cycle 413 13,932 319 20,539 836 1,210 2,368 1,691 5,239 1,430 2,688 2,580
Working Capital Days 2,143 2,652 1,698 2,407 4,314 5,445 404 195 1,259 324 478 319
ROCE % 5% 4% 6% 2% 1% -1% -1% 2% 0% -3% -5%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
69.14% 69.14% 69.14% 69.14% 68.56% 66.26% 66.30% 66.30% 66.30% 66.30% 66.30% 66.30%
0.44% 0.45% 0.46% 0.46% 0.36% 0.16% 0.16% 0.16% 0.16% 0.17% 0.16% 0.16%
0.09% 0.09% 0.09% 0.09% 0.08% 0.09% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
30.33% 30.33% 30.31% 30.31% 30.99% 33.49% 33.53% 33.53% 33.53% 33.52% 33.53% 33.54%
No. of Shareholders 1,25,9981,25,3701,33,1631,32,9821,31,7261,32,0021,31,4491,29,9321,28,1031,28,3111,26,5991,23,915

* 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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