Pansari Developers Ltd
Incorporated in 1996, Pansari Developers Ltd is in the business of construction and real estate development of residential and commercial projects[1]
- Market Cap ₹ 547 Cr.
- Current Price ₹ 314
- High / Low ₹ 352 / 142
- Stock P/E 42.0
- Book Value ₹ 81.2
- Dividend Yield 0.00 %
- ROCE 7.00 %
- ROE 5.73 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is expected to give good quarter
- Company has delivered good profit growth of 24.9% CAGR over last 5 years
Cons
- Stock is trading at 3.87 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 0.79% over past five years.
- Company has a low return on equity of 3.87% 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
Consumer Discretionary Realty Realty Residential, Commercial Projects
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 16 | 10 | 7 | 3 | 6 | 13 | 35 | 27 | 36 | 22 | 53 | 36 | 68 | |
| 8 | 6 | 4 | 2 | 4 | 9 | 28 | 20 | 30 | 18 | 46 | 24 | 50 | |
| Operating Profit | 8 | 4 | 2 | 1 | 2 | 4 | 6 | 6 | 6 | 4 | 7 | 12 | 18 |
| OPM % | 49% | 43% | 33% | 21% | 35% | 32% | 19% | 24% | 17% | 18% | 13% | 35% | 26% |
| 2 | 2 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 | 5 | 5 | 6 | |
| Interest | 1 | 1 | 0 | 0 | 1 | 1 | 2 | 2 | 1 | 0 | 4 | 4 | 3 |
| Depreciation | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 3 | 2 |
| Profit before tax | 9 | 6 | 3 | 2 | 4 | 2 | 4 | 5 | 5 | 3 | 6 | 10 | 18 |
| Tax % | 5% | 9% | 19% | 24% | 22% | 21% | 27% | 17% | 22% | 24% | 15% | 25% | |
| 8 | 5 | 3 | 1 | 3 | 2 | 3 | 4 | 4 | 2 | 5 | 8 | 13 | |
| EPS in Rs | 39.42 | 23.60 | 12.36 | 0.71 | 1.85 | 1.12 | 1.58 | 2.16 | 2.09 | 1.15 | 2.99 | 4.30 | 7.48 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 1% |
| 3 Years: | 0% |
| TTM: | 27% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 25% |
| 3 Years: | 27% |
| TTM: | 141% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 69% |
| 3 Years: | 63% |
| 1 Year: | 77% |
| Return on Equity | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 4% |
| 3 Years: | 4% |
| Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 2 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 |
| Reserves | 33 | 38 | 38 | 35 | 38 | 40 | 42 | 93 | 102 | 104 | 109 | 117 | 124 |
| 7 | 9 | 15 | 47 | 43 | 47 | 50 | 39 | 37 | 60 | 64 | 72 | 49 | |
| 35 | 54 | 67 | 67 | 74 | 86 | 59 | 54 | 42 | 74 | 67 | 99 | 93 | |
| Total Liabilities | 77 | 103 | 122 | 166 | 172 | 189 | 168 | 205 | 198 | 255 | 258 | 305 | 283 |
| 1 | 1 | 1 | 12 | 23 | 25 | 32 | 77 | 75 | 74 | 93 | 90 | 86 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 11 | 11 | 12 | 0 | 0 | 0 | 1 | 3 | 9 | 9 | 9 | 9 | 9 |
| 65 | 91 | 110 | 154 | 148 | 164 | 136 | 125 | 114 | 172 | 157 | 207 | 188 | |
| Total Assets | 77 | 103 | 122 | 166 | 172 | 189 | 168 | 205 | 198 | 255 | 258 | 305 | 283 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2 | 1 | 9 | -41 | 8 | 6 | 6 | 18 | 4 | -16 | 9 | -13 | |
| -1 | -0 | -13 | 0 | 2 | -4 | -5 | -3 | 0 | -6 | -9 | 8 | |
| 0 | 0 | 4 | 40 | -10 | -2 | -2 | -14 | -5 | 22 | 0 | 4 | |
| Net Cash Flow | 1 | 1 | 1 | -1 | 0 | 0 | -0 | 1 | -1 | -0 | 0 | -1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 43 | 76 | 165 | 871 | 242 | 188 | 39 | 80 | 23 | 59 | 5 | 2 |
| Inventory Days | 1,858 | 3,098 | 3,093 | |||||||||
| Days Payable | 22 | 32 | 146 | |||||||||
| Cash Conversion Cycle | 43 | 76 | 165 | 871 | 242 | 188 | 39 | 1,915 | 3,090 | 59 | 2,952 | 2 |
| Working Capital Days | 983 | 1,574 | 2,339 | 4,628 | 2,449 | 1,566 | 555 | 714 | 432 | 829 | 175 | 409 |
| ROCE % | 22% | 13% | 6% | 2% | 5% | 4% | 5% | 5% | 3% | 2% | 5% | 7% |
Documents
Announcements
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
8 January 2026 - Registrar confirms dematerialisation of securities for quarter ended 31 Dec 2025 for Pansari Developers.
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Trading Window
22 December 2025 - Pansari Developers Limited has informed regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
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Reply to Clarification- Financial results
22 December 2025 - Exchange had sought clarification from Pansari Developers Limited for the quarter ended 30-Sep-2025 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On …
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Updates
17 December 2025 - Pansari Developers Limited has informed regarding 'National Stock Exchange of India Limited ( NSE ) has levied an SOP fine of ₹1,47,500 (including GST) on …
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Updates
11 December 2025 - Pansari Developers Limited has informed regarding 'Revised PDF of outcome of board meeting containing both standalone and consolidated financial statement'.
Business Overview:[1]
PDL is an integrated construction and real estate development company focused primarily on constructing and developing residential and commercial projects in and around Kolkata. Company's residential portfolio covers projects catering to customers across all income groups