Parsvnath Developers Ltd

Parsvnath Devl. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Parsvnath Developers Ltd

₹ 14.5 2.84%
30 Apr - close price
parsvnath.com BSE: 532780 NSE : PARSVNATH
About

The Parsvnath Group is a real estate brand with a pan-India presence in 37 cities across 13 states. It has been in operation since its establishment in 1990. In its more than three-decade existence, the Company has established an enviable track record in diverse segments of the sector such as Integrated Townships, Residential, Commercial, Retail, DMRC Station Development, Hotel, IT Park, SEZ, and ThirdParty Contracting projects. [1]

Key Points

Project Offerings
Residential Segment: The Residential developments completed by the Company are based in 27 projects with a total area of 9,77,745 sq. mt. (10.52 million sq. ft.). These developments are concentrated in major cities such as Delhi, Gurugram, Greater Noida, Sonepat, Rohtak, Karnal, Indore, and many more.
Integrated Townships:The Company's Integrated Township portfolio comprises projects in cities such as Karnal, Rohtak, Indore, Jaipur, Panipat, and Sonepat, with commercially exploited and completed area of 4,81,201 sq. mt. (5.18 million sq. ft.) in 10 townships till March 31, 2022.
Commercial Segment: With a total leasable/ saleable area of 1,05,177 sq. mt. (1.13 million sq. ft.) spread over 17 completed projects in the prominent cities till March 31, 2022, the Company has established a significant presence in the Commercial segment.
DMRC Malls: On March 31, 2022, Parsvnath Group completed 11 DMRC projects with a total developed area of 90,750 sq. mt. (0.98 million sq. ft.).
Other segments: The Company has also ventured into 6 other segments of projects of the industry such as Hospitality and fee-based development services. [1]

Website BSE NSE
  • Market Cap ₹ 631 Cr.
  • Current Price ₹ 14.5
  • High / Low ₹ 17.3 / 6.71
  • Stock P/E
  • Book Value ₹ 11.1
  • Dividend Yield 0.00 %
  • ROCE -5.04 %
  • ROE -48.9 %
  • Face Value ₹ 5.00
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Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Company's working capital requirements have reduced from 451 days to 92.4 days

Cons

  • Company has low interest coverage ratio.
  • Company has a low return on equity of -25.7% over last 3 years.
  • Contingent liabilities of Rs.5,106 Cr.
  • Promoters have pledged 30.0% of their holding.
  • Company has high debtors of 358 days.
  • Company's cost of borrowing seems high

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
43.97 219.90 17.00 23.97 274.61 429.23 30.37 20.58 46.28 189.50 23.37 65.44 156.65
66.86 232.34 22.44 28.62 228.02 519.88 57.81 28.69 64.24 267.34 32.13 34.69 119.93
Operating Profit -22.89 -12.44 -5.44 -4.65 46.59 -90.65 -27.44 -8.11 -17.96 -77.84 -8.76 30.75 36.72
OPM % -52.06% -5.66% -32.00% -19.40% 16.97% -21.12% -90.35% -39.41% -38.81% -41.08% -37.48% 46.99% 23.44%
12.49 12.69 3.03 5.73 1.69 1.87 0.79 0.92 1.71 -51.34 1.24 3.69 1.50
Interest 51.30 70.13 32.79 30.24 38.20 58.77 34.04 34.83 31.88 83.83 46.73 42.73 34.17
Depreciation 1.01 1.18 0.67 0.67 0.65 1.21 0.95 0.78 0.68 0.79 0.75 0.76 0.78
Profit before tax -62.71 -71.06 -35.87 -29.83 9.43 -148.76 -61.64 -42.80 -48.81 -213.80 -55.00 -9.05 3.27
Tax % 0.00% -7.47% 0.00% -13.88% 0.00% 0.00% 0.00% 0.00% 0.00% -39.69% -47.25% 0.00% 0.00%
-62.71 -76.36 -35.87 -33.97 9.43 -148.75 -61.64 -42.79 -48.80 -298.66 -80.99 -9.05 3.27
EPS in Rs -1.44 -1.75 -0.82 -0.78 0.22 -3.42 -1.42 -0.98 -1.12 -6.86 -1.86 -0.21 0.08
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
633 449 422 715 300 246 107 820 1,114 286 743 285 435
348 242 273 418 252 195 161 930 1,080 341 806 416 454
Operating Profit 285 207 149 297 47 51 -55 -110 34 -55 -63 -131 -19
OPM % 45% 46% 35% 42% 16% 21% -51% -13% 3% -19% -8% -46% -4%
93 37 40 -428 40 25 52 12 122 50 12 -48 -45
Interest 222 101 131 148 109 109 128 164 268 227 151 185 207
Depreciation 15 12 12 4 10 9 11 9 4 5 3 3 3
Profit before tax 141 132 46 -283 -31 -42 -141 -271 -117 -237 -205 -367 -275
Tax % 82% 44% 49% 69% 107% 17% 17% 10% 20% -2% -2% -23%
26 74 23 -88 2 -35 -117 -243 -93 -242 -209 -452 -385
EPS in Rs 0.59 1.69 0.54 -2.01 0.05 -0.80 -2.70 -5.58 -2.14 -5.56 -4.81 -10.38 -8.85
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -4%
5 Years: 22%
3 Years: -37%
TTM: -17%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -12%
Stock Price CAGR
10 Years: -5%
5 Years: 26%
3 Years: 24%
1 Year: 92%
Return on Equity
10 Years: -5%
5 Years: -18%
3 Years: -26%
Last Year: -49%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 218 218 218 218 218 218 218 218 218 218 218 218 218
Reserves 2,367 2,440 2,464 2,376 2,376 2,341 2,224 1,349 1,256 1,014 806 354 264
1,534 1,451 1,489 1,442 1,505 1,693 2,131 1,846 1,423 1,538 1,379 1,072 1,022
1,749 1,977 2,078 1,320 1,295 1,470 1,570 3,614 3,419 3,399 2,939 2,999 3,062
Total Liabilities 5,867 6,086 6,249 5,355 5,394 5,722 6,142 7,026 6,316 6,169 5,342 4,642 4,565
137 124 117 114 96 183 172 39 150 142 45 46 185
CWIP 400 486 526 544 575 528 598 394 454 497 139 140 0
Investments 476 450 513 513 531 534 528 917 815 853 862 1,058 1,058
4,854 5,026 5,093 4,183 4,192 4,477 4,845 5,676 4,897 4,678 4,296 3,398 3,322
Total Assets 5,867 6,086 6,249 5,355 5,394 5,722 6,142 7,026 6,316 6,169 5,342 4,642 4,565

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
146 289 258 533 -2 50 -141 1,218 486 200 296 419
-7 14 -86 -10 3 -2 -16 -459 228 -40 -52 -4
-144 -303 -179 -443 -67 -63 156 -734 -738 -156 -247 -420
Net Cash Flow -5 0 -7 80 -67 -16 -0 25 -24 4 -3 -4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 289 509 500 310 748 869 2,005 120 85 399 136 358
Inventory Days 8,288 18,381 36,779 1,958 1,369 4,062 1,213 2,801
Days Payable 3,027 5,573 9,797 352 324 866 319 883
Cash Conversion Cycle 5,550 509 13,307 310 27,731 869 2,005 1,726 1,131 3,594 1,030 2,276
Working Capital Days 1,341 1,951 2,107 1,003 2,667 3,390 7,347 394 159 904 356 92
ROCE % 8% 6% 4% 8% 2% 2% -1% -3% 3% -0% -2% -5%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
69.14% 69.14% 69.14% 69.14% 68.56% 66.26% 66.30% 66.30% 66.30% 66.30% 66.30% 66.30%
0.44% 0.45% 0.46% 0.46% 0.36% 0.16% 0.16% 0.16% 0.16% 0.17% 0.16% 0.16%
0.09% 0.09% 0.09% 0.09% 0.08% 0.09% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
30.33% 30.33% 30.31% 30.31% 30.99% 33.49% 33.53% 33.53% 33.53% 33.52% 33.53% 33.54%
No. of Shareholders 1,25,9981,25,3701,33,1631,32,9821,31,7261,32,0021,31,4491,29,9321,28,1031,28,3111,26,5991,23,915

* 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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