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 ₹ 518 Cr.
- Current Price ₹ 297
- High / Low ₹ 352 / 151
- Stock P/E 30.4
- Book Value ₹ 76.9
- Dividend Yield 0.00 %
- ROCE 6.38 %
- ROE 5.73 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 24.8% CAGR over last 5 years
Cons
- Stock is trading at 3.86 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 2.66% over past five years.
- Company has a low return on equity of 3.87% over last 3 years.
- Company might be capitalizing the interest cost
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 10 | 7 | 3 | 6 | 10 | 35 | 36 | 60 | 23 | 56 | 40 | 101 | |
| 6 | 4 | 1 | 3 | 8 | 28 | 27 | 53 | 18 | 49 | 27 | 79 | |
| Operating Profit | 4 | 3 | 2 | 3 | 2 | 7 | 9 | 8 | 5 | 7 | 13 | 22 |
| OPM % | 43% | 45% | 58% | 55% | 18% | 21% | 25% | 13% | 20% | 13% | 32% | 22% |
| 2 | 1 | 1 | 3 | 4 | 1 | 1 | 0 | 1 | 5 | 5 | 7 | |
| Interest | 1 | 1 | 1 | 2 | 2 | 3 | 4 | 1 | 1 | 4 | 4 | 4 |
| Depreciation | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 3 | 2 |
| Profit before tax | 6 | 3 | 2 | 4 | 2 | 4 | 5 | 5 | 3 | 6 | 10 | 23 |
| Tax % | 9% | 19% | 24% | 22% | 21% | 27% | 24% | 25% | 26% | 16% | 25% | |
| 5 | 3 | 1 | 3 | 2 | 3 | 4 | 4 | 2 | 5 | 8 | 17 | |
| EPS in Rs | 23.60 | 12.36 | 0.71 | 1.85 | 1.12 | 1.58 | 2.16 | 2.09 | 1.15 | 2.99 | 4.30 | 9.76 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 3% |
| 3 Years: | -13% |
| TTM: | -29% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 25% |
| 3 Years: | 27% |
| TTM: | 47% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 51% |
| 3 Years: | 47% |
| 1 Year: | 60% |
| Return on Equity | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 4% |
| 3 Years: | 4% |
| Last Year: | 6% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 | 17 |
| Reserves | 38 | 38 | 35 | 38 | 40 | 42 | 93 | 102 | 104 | 109 | 117 |
| 10 | 17 | 59 | 64 | 70 | 74 | 62 | 54 | 81 | 86 | 101 | |
| 54 | 71 | 74 | 82 | 96 | 74 | 73 | 47 | 84 | 114 | 175 | |
| Total Liabilities | 104 | 129 | 185 | 201 | 223 | 208 | 246 | 220 | 287 | 327 | 411 |
| 1 | 1 | 12 | 23 | 25 | 32 | 77 | 75 | 74 | 93 | 92 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 11 | 11 | 0 | 0 | 0 | 1 | 3 | 9 | 9 | 9 | 9 |
| 92 | 116 | 173 | 178 | 198 | 175 | 166 | 137 | 203 | 225 | 310 | |
| Total Assets | 104 | 129 | 185 | 201 | 223 | 208 | 246 | 220 | 287 | 327 | 411 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | -15 | -29 | 9 | 4 | 5 | 20 | 10 | -22 | 11 | -16 | |
| -0 | 9 | -22 | -11 | -4 | -5 | -4 | 0 | -5 | -10 | 5 | |
| -1 | 7 | 51 | 2 | -1 | 0 | -15 | -11 | 27 | 0 | 11 | |
| Net Cash Flow | 1 | 1 | -1 | 0 | 0 | -0 | 1 | -1 | -0 | 2 | -0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 76 | 217 | 963 | 242 | 248 | 39 | 59 | 14 | 59 | 93 | 65 |
| Inventory Days | 1,917 | 764 | |||||||||
| Days Payable | 24 | 10 | |||||||||
| Cash Conversion Cycle | 76 | 217 | 963 | 242 | 248 | 39 | 1,952 | 768 | 59 | 93 | 65 |
| Working Capital Days | 1,953 | 2,873 | 5,096 | 2,451 | 2,086 | 553 | 502 | 240 | 584 | 133 | 299 |
| ROCE % | 7% | 3% | 5% | 4% | 5% | 6% | 4% | 2% | 5% | 6% |
Insights
In beta| Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Advance against Flats / Customers (Consolidated) INR Lakhs |
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| Consolidated Inventory - Land and Land Development INR Lakhs |
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| Consolidated Inventory - Site under construction (WIP) INR Lakhs |
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| Consolidated Inventory - Stock of Residential Units INR Lakhs |
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| Total Workforce (Number of Permanent Employees) Count ・Standalone data |
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Documents
Announcements
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Updates
17 February 2026 - Pansari Developers approved unaudited Q3 results for quarter ended 31 Dec 2025; auditors issued unmodified limited review.
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Copy of Newspaper Publication
16 February 2026 - Unaudited Q3/9M financial results (31-Dec-2025) disclosed for multiple companies; key profit/loss, revenue figures reported.
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Updates
14 February 2026 - NSE fined Rs147,500 for Reg 33 non-compliance for quarter ended Sep 30, 2025 (25 days).
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Outcome of Board Meeting
14 February 2026 - Pansari Developers Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
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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.
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