Parsvnath Developers Ltd

₹ 15.3 -1.16%

17 Oct - close price

parsvnath.com BSE: 532780 NSE: PARSVNATH

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.

Website BSE NSE - BE

Market Cap ₹ 666 Cr.
Current Price ₹ 15.3
High / Low ₹ 27.5 / 12.3
Stock P/E
Book Value ₹ 0.22
Dividend Yield 0.00 %
ROCE -4.13 %
ROE -303 %
Face Value ₹ 5.00

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Pros

Cons

Stock is trading at 68.7 times its book value
Company has low interest coverage ratio.
The company has delivered a poor sales growth of -40.0% over past five years.
Company has a low return on equity of -76.7% over last 3 years.
Contingent liabilities of Rs.1,407 Cr.
Promoters have pledged or encumbered 31.8% of their holding.
Company has high debtors of 725 days.
Promoter holding has decreased over last 3 years: -16.2%

* 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

Part of BSE SmallCap BSE Allcap BSE Consumer Discretionary

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025
	30.37	20.58	46.28	189.50	23.37	65.44	156.65	43.49	35.66	16.75	15.48	18.90	13.38
	57.81	28.69	64.24	267.34	32.13	34.69	119.93	120.24	37.23	28.24	22.63	80.56	18.58
Operating Profit	-27.44	-8.11	-17.96	-77.84	-8.76	30.75	36.72	-76.75	-1.57	-11.49	-7.15	-61.66	-5.20
OPM %	-90.35%	-39.41%	-38.81%	-41.08%	-37.48%	46.99%	23.44%	-176.48%	-4.40%	-68.60%	-46.19%	-326.24%	-38.86%
	0.79	0.92	1.71	-51.34	1.24	3.69	1.50	-111.82	1.46	1.31	63.03	73.21	69.78
Interest	34.04	34.83	31.88	83.83	46.73	42.73	34.17	94.49	42.11	44.46	25.48	80.94	54.90
Depreciation	0.95	0.78	0.68	0.79	0.75	0.76	0.78	0.86	0.76	0.77	0.78	0.76	1.62
Profit before tax	-61.64	-42.80	-48.81	-213.80	-55.00	-9.05	3.27	-283.92	-42.98	-55.41	29.62	-70.15	8.06
Tax %	0.00%	0.00%	0.00%	39.69%	47.25%	0.00%	0.00%	18.22%	0.00%	0.00%	0.00%	0.30%	0.00%
	-61.64	-42.79	-48.80	-298.66	-80.99	-9.05	3.27	-335.65	-42.98	-55.41	29.62	-70.36	8.06
EPS in Rs	-1.42	-0.98	-1.12	-6.86	-1.86	-0.21	0.08	-7.71	-0.99	-1.27	0.68	-1.62	0.19
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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
	422	715	300	246	107	820	1,114	286	743	285	287	86	65
	273	418	252	195	161	930	1,080	341	806	416	305	168	150
Operating Profit	149	297	47	51	-55	-110	34	-55	-63	-131	-18	-82	-86
OPM %	35%	42%	16%	21%	-51%	-13%	3%	-19%	-8%	-46%	-6%	-95%	-133%
	40	-428	40	25	52	12	122	50	12	-48	-105	139	207
Interest	131	148	109	109	128	164	268	227	151	185	218	193	206
Depreciation	12	4	10	9	11	9	4	5	3	3	3	3	4
Profit before tax	46	-283	-31	-42	-141	-271	-117	-237	-205	-367	-345	-139	-88
Tax %	49%	-69%	-107%	-17%	-17%	-10%	-20%	2%	2%	23%	23%	0%
	23	-88	2	-35	-117	-243	-93	-242	-209	-452	-422	-139	-88
EPS in Rs	0.54	-2.01	0.05	-0.80	-2.70	-5.58	-2.14	-5.56	-4.81	-10.38	-9.71	-3.20	-2.02
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-19%
5 Years:	-40%
3 Years:	-51%
TTM:	-79%

Compounded Profit Growth
10 Years:	%
5 Years:	-16%
3 Years:	-5%
TTM:	6%

Stock Price CAGR
10 Years:	-2%
5 Years:	44%
3 Years:	30%
1 Year:	-27%

Return on Equity
10 Years:	-13%
5 Years:	-38%
3 Years:	-77%
Last Year:	-303%

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
Equity Capital	218	218	218	218	218	218	218	218	218	218	218	218
Reserves	2,464	2,376	2,376	2,341	2,224	1,349	1,256	1,014	806	354	-69	-208
	1,489	1,442	1,505	1,693	2,131	1,846	1,423	1,538	1,379	1,072	927	1,170
	2,078	1,320	1,295	1,470	1,570	3,614	3,419	3,399	2,939	3,005	3,075	2,633
Total Liabilities	6,249	5,355	5,394	5,722	6,142	7,026	6,316	6,169	5,342	4,648	4,150	3,812
	117	114	96	183	172	39	150	142	45	46	39	108
CWIP	526	544	575	528	598	394	454	497	139	140	221	263
Investments	513	513	531	534	528	917	815	853	862	1,058	1,269	881
	5,093	4,183	4,192	4,477	4,845	5,676	4,897	4,678	4,296	3,404	2,621	2,561
Total Assets	6,249	5,355	5,394	5,722	6,142	7,026	6,316	6,169	5,342	4,648	4,150	3,812

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
	258	533	-2	50	-141	1,218	486	200	296	419	224	39
	-86	-10	3	-2	-16	-459	228	-40	-52	-4	-7	-88
	-179	-443	-67	-63	156	-734	-738	-156	-247	-420	-217	49
Net Cash Flow	-7	80	-67	-16	-0	25	-24	4	-3	-4	0	-0

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	500	310	748	869	2,005	120	85	399	136	358	239	725
Inventory Days	18,381		36,779			1,958	1,369	4,062	1,213	2,801	2,887	8,562
Days Payable	5,573		9,797			352	324	866	319	892	998	3,020
Cash Conversion Cycle	13,307	310	27,731	869	2,005	1,726	1,131	3,594	1,030	2,268	2,128	6,268
Working Capital Days	1,479	816	2,230	2,788	6,091	223	31	-286	-89	-683	-1,418	-2,961
ROCE %	4%	8%	2%	2%	-1%	-3%	3%	-0%	-2%	-5%	1%	-4%

Shareholding Pattern

Numbers in percentages

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
	66.30%	66.30%	66.30%	66.30%	66.30%	66.30%	66.30%	66.07%	50.09%	50.09%	50.09%	50.09%
	0.16%	0.16%	0.16%	0.17%	0.16%	0.16%	0.17%	0.18%	4.21%	4.51%	4.78%	1.42%
	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.22%	0.27%	0.24%	0.47%
	33.53%	33.53%	33.53%	33.52%	33.53%	33.54%	33.51%	33.74%	45.47%	45.11%	44.88%	48.01%
No. of Shareholders	1,31,449	1,29,932	1,28,103	1,28,311	1,26,599	1,23,915	1,23,700	1,20,353	1,19,088	1,17,148	1,16,260	1,18,111

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
	71.12%	70.47%	64.84%	68.78%	68.78%	69.14%	66.30%	66.30%	50.09%	50.09%
	7.05%	6.00%	3.82%	0.44%	0.44%	0.46%	0.16%	0.16%	4.51%	1.42%
	0.18%	0.09%	0.44%	0.45%	0.45%	0.09%	0.01%	0.01%	0.27%	0.47%
	21.65%	23.44%	30.90%	30.33%	30.33%	30.31%	33.53%	33.54%	45.11%	48.01%
No. of Shareholders	1,98,371	1,46,432	1,41,720	1,38,585	1,27,552	1,32,982	1,29,932	1,23,915	1,17,148	1,18,111

* 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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Parsvnath Developers Ltd

Parsvnath Developers Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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