Parsvnath Developers Ltd

₹ 23.0 17.49%

04 Jul - 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

Market Cap ₹ 1,003 Cr.
Current Price ₹ 23.0
High / Low ₹ 26.2 / 11.2
Stock P/E
Book Value ₹ -44.2
Dividend Yield 0.00 %
ROCE -5.25 %
ROE %
Face Value ₹ 5.00

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Pros

Company's working capital requirements have reduced from 275 days to 23.2 days

Cons

Company has low interest coverage ratio.
The company has delivered a poor sales growth of -12.8% over past five years.
Contingent liabilities of Rs.1,129 Cr.
Promoters have pledged or encumbered 31.8% of their holding.
Company has high debtors of 161 days.
Promoter holding has decreased over last 3 years: -19.0%

* 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

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
	298	528	54	42	64	280	54	113	208	87	88	47	58
	235	652	68	34	70	375	86	109	155	190	75	57	51
Operating Profit	64	-124	-15	9	-6	-95	-33	4	52	-103	13	-10	7
OPM %	21%	-23%	-28%	21%	-9%	-34%	-60%	4%	25%	-118%	14%	-22%	12%
	3	4	3	2	4	-95	2	5	2	85	2	1	63
Interest	118	120	94	96	96	106	115	69	56	223	101	106	89
Depreciation	17	21	14	14	14	25	14	14	15	14	13	13	13
Profit before tax	-69	-259	-120	-99	-112	-321	-161	-75	-16	-255	-99	-128	-31
Tax %	-0%	0%	0%	0%	44%	30%	22%	0%	0%	20%	2%	0%	0%
	-69	-259	-120	-99	-161	-421	-195	-75	-16	-307	-101	-128	-31
EPS in Rs	-1.58	-5.96	-2.76	-2.29	-3.70	-9.63	-4.49	-1.72	-0.38	-7.05	-2.32	-2.94	-0.72
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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	TTM
	633	555	758	399	275	192	910	1,189	357	897	438	460	280
	373	346	434	310	202	213	962	1,133	373	951	546	539	374
Operating Profit	260	209	325	89	73	-22	-52	56	-16	-55	-107	-79	-94
OPM %	41%	38%	43%	22%	26%	-11%	-6%	5%	-5%	-6%	-25%	-17%	-33%
	27	18	-452	36	28	16	14	77	71	19	-86	93	152
Interest	143	175	180	186	234	324	335	481	433	395	393	464	518
Depreciation	13	13	5	29	28	30	29	27	37	59	66	57	54
Profit before tax	132	39	-313	-90	-161	-360	-402	-375	-415	-490	-652	-507	-514
Tax %	45%	58%	-64%	-45%	-8%	-10%	-9%	-3%	3%	1%	23%	17%
	73	16	-113	-49	-149	-324	-367	-363	-428	-494	-801	-594	-568
EPS in Rs	1.64	0.37	-2.47	-0.85	-3.32	-7.29	-8.35	-7.96	-9.82	-11.31	-18.41	-13.65	-13.03
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-2%
5 Years:	-13%
3 Years:	9%
TTM:	-57%

Compounded Profit Growth
10 Years:	%
5 Years:	-28%
3 Years:	-23%
TTM:	-9%

Stock Price CAGR
10 Years:	1%
5 Years:	49%
3 Years:	45%
1 Year:	78%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	%
Last Year:	%

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	Sep 2024
Equity Capital	218	218	218	218	218	218	218	218	218	218	218	218	218
Reserves	2,507	2,562	2,454	2,413	2,265	1,947	725	390	-37	-521	-1,320	-1,914	-2,142
	2,540	3,139	3,092	3,126	3,911	4,400	4,215	3,143	3,519	3,537	3,427	3,240	3,050
	2,158	2,213	1,531	1,712	1,563	1,825	4,530	4,339	4,159	3,691	4,059	4,404	4,430
Total Liabilities	7,423	8,132	7,294	7,469	7,956	8,390	9,688	8,089	7,859	6,925	6,383	5,948	5,555
	214	163	516	480	575	548	564	860	900	919	1,028	898	1,684
CWIP	789	848	625	678	647	747	814	915	927	835	902	792	20
Investments	28	15	15	79	15	15	303	344	390	390	175	388	13
	6,392	7,106	6,139	6,232	6,720	7,081	8,007	5,971	5,642	4,781	4,278	3,870	3,838
Total Assets	7,423	8,132	7,294	7,469	7,956	8,390	9,688	8,089	7,859	6,925	6,383	5,948	5,555

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
	93	-264	562	-32	-332	85	1,310	1,563	259	550	374	261
	-125	-112	-7	-48	-152	-90	-470	-11	-47	39	-59	-31
	14	425	-463	-69	460	0	-815	-1,576	-179	-608	-325	-214
Net Cash Flow	-18	48	93	-149	-23	-6	26	-25	33	-18	-10	17

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	413	431	319	602	836	1,210	117	86	339	117	217	161
Inventory Days		18,696		25,828			2,649	1,970	5,862	1,632	3,142	3,213
Days Payable		5,195		5,891			397	365	962	319	677	776
Cash Conversion Cycle	413	13,932	319	20,539	836	1,210	2,368	1,691	5,239	1,430	2,681	2,598
Working Capital Days	2,143	2,652	1,698	2,407	4,314	5,445	404	195	1,259	324	478	23
ROCE %	5%	4%	6%	2%	1%	-1%	-1%	2%	0%	-3%	-5%	-5%

Shareholding Pattern

Numbers in percentages

	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	68.56%	66.26%	66.30%	66.30%	66.30%	66.30%	66.30%	66.30%	66.30%	66.07%	50.09%	50.09%
	0.36%	0.16%	0.16%	0.16%	0.16%	0.17%	0.16%	0.16%	0.17%	0.18%	4.21%	4.51%
	0.08%	0.09%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.22%	0.27%
	30.99%	33.49%	33.53%	33.53%	33.53%	33.52%	33.53%	33.54%	33.51%	33.74%	45.47%	45.11%
No. of Shareholders	1,31,726	1,32,002	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

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	71.12%	70.47%	64.84%	68.78%	68.78%	69.14%	66.30%	66.30%	50.09%
	7.05%	6.00%	3.82%	0.44%	0.44%	0.46%	0.16%	0.16%	4.51%
	0.18%	0.09%	0.44%	0.45%	0.45%	0.09%	0.01%	0.01%	0.27%
	21.65%	23.44%	30.90%	30.33%	30.33%	30.31%	33.53%	33.54%	45.11%
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

* 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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