Puravankara Ltd

Puravankara Ltd

₹ 412 0.82%
22 Jul 4:01 p.m.
About

Company is in the business of development and sale of real estate. Projects in metro cities like Bengaluru, Hyderabad, Chennai, Kolkata, Mumbai, Pune and Goa.

Company has completed 43 million square feet covering 74 projects.
[1]

Key Points

Brands & Offerings
1. Puravankara (luxury housing and commercial offices): [1]
This segment covers 55% of ongoing projects and 39% of new launches in the pipeline [2]

  • Market Cap 9,770 Cr.
  • Current Price 412
  • High / Low 570 / 94.2
  • Stock P/E 233
  • Book Value 79.4
  • Dividend Yield 1.52 %
  • ROCE 9.90 %
  • ROE 2.17 %
  • Face Value 5.00

Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 157%
  • Debtor days have improved from 111 to 82.6 days.

Cons

  • Stock is trading at 5.20 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 4.14% over last 3 years.

* 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: Realty 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
311.18 181.50 256.31 221.34 295.55 214.85 239.48 392.45 388.99 323.26 368.33 573.70 919.97
226.53 156.28 169.47 161.72 258.45 158.19 194.73 282.61 372.81 260.37 283.45 377.81 807.97
Operating Profit 84.65 25.22 86.84 59.62 37.10 56.66 44.75 109.84 16.18 62.89 84.88 195.89 112.00
OPM % 27.20% 13.90% 33.88% 26.94% 12.55% 26.37% 18.69% 27.99% 4.16% 19.45% 23.04% 34.15% 12.17%
29.39 360.62 16.64 25.11 24.57 82.50 13.37 17.95 91.01 12.55 13.24 22.18 26.87
Interest 96.75 87.20 81.11 79.56 83.93 87.65 76.07 93.81 102.16 98.08 104.55 105.05 126.53
Depreciation 4.75 4.82 4.47 4.22 4.13 3.98 4.15 5.19 3.81 5.17 6.47 6.73 9.68
Profit before tax 12.54 293.82 17.90 0.95 -26.39 47.53 -22.10 28.79 1.22 -27.81 -12.90 106.29 2.66
Tax % 27.75% 47.37% 31.45% -26.32% -23.99% 27.54% -22.08% 21.67% -2,092.62% -35.78% -13.02% 26.81% 352.26%
9.06 154.65 12.27 1.20 -20.06 34.44 -17.22 22.55 26.75 -17.86 -11.22 77.79 -6.71
EPS in Rs 0.38 6.53 0.52 0.05 -0.85 1.45 -0.72 0.95 1.12 -0.75 -0.47 3.29 -0.28
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
1,246 1,310 1,672 1,584 1,407 1,415 2,050 2,128 963 955 1,236 2,185
669 835 1,287 1,244 998 1,110 1,612 1,681 681 746 1,006 1,730
Operating Profit 577 476 386 340 409 305 439 447 282 208 230 456
OPM % 46% 36% 23% 21% 29% 22% 21% 21% 29% 22% 19% 21%
26 18 18 47 68 90 76 59 93 427 203 75
Interest 240 241 233 243 290 251 328 343 357 332 360 434
Depreciation 7 8 15 16 16 15 15 23 20 18 17 28
Profit before tax 356 244 156 128 171 129 172 140 -2 286 55 68
Tax % 32% 35% 15% 34% 25% 29% 33% 37% 82% 48% -20% 38%
243 160 133 83 129 91 114 88 -4 148 67 42
EPS in Rs 11.41 6.75 5.60 3.49 5.44 3.85 4.82 3.73 -0.17 6.22 2.80 1.78
Dividend Payout % 11% 28% 28% 22% 41% 42% 21% 0% 0% 80% 36% 354%
Compounded Sales Growth
10 Years: 5%
5 Years: 1%
3 Years: 31%
TTM: 77%
Compounded Profit Growth
10 Years: -13%
5 Years: -18%
3 Years: 133%
TTM: -29%
Stock Price CAGR
10 Years: 14%
5 Years: 47%
3 Years: 57%
1 Year: 323%
Return on Equity
10 Years: 4%
5 Years: 3%
3 Years: 4%
Last Year: 2%

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 107 119 119 119 119 119 119 119 119 119 119 119
Reserves 1,793 2,055 2,142 2,165 2,248 2,275 1,738 1,795 1,777 1,923 1,868 1,765
1,786 1,697 1,793 2,172 2,067 2,379 2,895 2,670 2,835 2,627 2,944 3,325
385 869 1,109 1,090 1,814 2,011 3,973 3,487 3,697 3,955 5,125 6,518
Total Liabilities 4,070 4,739 5,163 5,546 6,247 6,783 8,725 8,071 8,429 8,623 10,055 11,727
86 92 112 88 114 125 128 122 111 96 107 163
CWIP 1 0 12 0 0 36 42 9 0 3 1 2
Investments 144 91 69 525 116 131 130 132 138 82 104 36
3,839 4,556 4,970 4,932 6,017 6,491 8,424 7,807 8,179 8,442 9,844 11,526
Total Assets 4,070 4,739 5,163 5,546 6,247 6,783 8,725 8,071 8,429 8,623 10,055 11,727

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
40 170 330 14 -277 -29 -131 578 244 134 145 896
-52 -39 -79 -16 521 56 5 -23 24 525 95 13
170 -193 -204 73 -432 12 160 -579 -213 -529 -141 -313
Net Cash Flow 158 -62 46 71 -188 39 34 -24 55 131 99 597

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 90 96 96 78 100 71 45 51 116 93 157 83
Inventory Days 3,755 1,328 1,718 6,990 3,052 2,438
Days Payable 293 145 155 658 211 216
Cash Conversion Cycle 3,553 96 1,279 1,641 100 6,403 2,886 2,273 116 93 157 83
Working Capital Days 598 620 499 691 682 585 304 313 1,354 1,362 1,050 485
ROCE % 18% 13% 9% 9% 10% 8% 10% 10% 8% 13% 7% 10%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 74.99% 75.00% 75.00% 75.00% 75.00%
16.37% 16.31% 16.38% 16.35% 16.34% 16.35% 16.36% 16.32% 16.34% 16.49% 16.65% 16.99%
1.93% 2.03% 1.98% 1.90% 1.57% 0.83% 0.70% 0.39% 0.41% 0.40% 0.43% 0.95%
6.70% 6.66% 6.64% 6.75% 7.07% 7.81% 7.94% 8.29% 8.25% 8.10% 7.92% 7.05%
No. of Shareholders 32,50635,64935,35335,72036,40338,15737,86837,29736,39841,36644,57643,275

* 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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