PSP Projects Ltd

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

PSP Projects Ltd

₹ 614 0.71%
22 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 ₹ 2,433 Cr.
  • Current Price ₹ 614
  • High / Low ₹ 810 / 565
  • Stock P/E 26.6
  • Book Value ₹ 302
  • Dividend Yield 0.00 %
  • ROCE 19.0 %
  • ROE 14.3 %
  • Face Value ₹ 10.0
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Pros

  • Debtor days have improved from 65.5 to 49.8 days.

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 54.9 days to 93.0 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 Industrials BSE Allcap BSE SmallCap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
390 486 555 348 360 500 730 514 620 705 668 623 586
336 410 466 300 320 438 649 447 547 635 615 549 548
Operating Profit 55 76 88 48 39 62 81 66 72 70 53 74 38
OPM % 14% 16% 16% 14% 11% 12% 11% 13% 12% 10% 8% 12% 6%
4 9 5 6 6 6 7 6 6 6 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 48 66 73 39 30 48 66 51 52 42 25 48 14
Tax % 25% 24% 25% 26% 27% 27% 26% 26% 26% 26% 35% 28% 25%
36 50 55 29 22 35 46 38 39 31 16 35 10
EPS in Rs 10.11 13.92 15.34 8.07 5.99 9.82 12.78 10.51 10.70 8.63 4.31 8.75 2.58
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
472 445 752 1,050 1,499 1,241 1,748 1,938 2,506 2,582
438 378 646 901 1,308 1,106 1,490 1,708 2,245 2,348
Operating Profit 35 67 106 149 191 135 258 230 261 234
OPM % 7% 15% 14% 14% 13% 11% 15% 12% 10% 9%
10 13 18 22 24 17 22 25 24 21
Interest 3 8 9 10 15 15 26 32 51 53
Depreciation 7 8 11 24 27 26 32 40 65 73
Profit before tax 35 65 102 137 173 111 222 183 169 128
Tax % 37% 36% 36% 35% 26% 25% 25% 26% 27%
23 42 66 89 128 81 167 132 123 92
EPS in Rs 71.34 14.41 18.20 24.84 35.69 22.65 46.29 36.65 34.16 24.27
Dividend Payout % 21% 17% 27% 20% 14% 18% 11% 7% 0%
Compounded Sales Growth
10 Years: %
5 Years: 19%
3 Years: 26%
TTM: 9%
Compounded Profit Growth
10 Years: %
5 Years: 6%
3 Years: 15%
TTM: -42%
Stock Price CAGR
10 Years: %
5 Years: 3%
3 Years: 7%
1 Year: -19%
Return on Equity
10 Years: %
5 Years: 20%
3 Years: 19%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 3 29 36 36 36 36 36 36 36 40
Reserves 61 76 265 333 418 500 651 765 879 1,158
47 75 30 31 80 84 100 145 455 274
142 148 268 335 429 372 484 819 667 866
Total Liabilities 253 328 600 735 963 991 1,270 1,765 2,037 2,338
54 52 78 103 108 116 207 240 322 316
CWIP 0 0 2 0 0 42 0 18 3 1
Investments 14 18 16 1 1 1 1 1 1 1
185 258 504 631 854 833 1,062 1,507 1,711 2,020
Total Assets 253 328 600 735 963 991 1,270 1,765 2,037 2,338

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
40 -8 70 21 16 73 147 45 -224
-45 -4 -122 -23 -8 5 -164 -51 -26
6 22 81 -26 -2 -4 -11 12 269
Net Cash Flow 1 11 29 -27 6 74 -28 6 19

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 16 48 60 51 57 67 65 82 50
Inventory Days 17 8 43 66 66 82 60 96 147
Days Payable 145 174 160 140 148 237 189 231 194
Cash Conversion Cycle -112 -118 -58 -22 -25 -88 -64 -53 3
Working Capital Days -65 -53 -42 -6 17 27 30 42 93
ROCE % 50% 44% 40% 40% 22% 35% 25% 19%

Shareholding Pattern

Numbers in percentages

4 Recently
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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