Parsvnath Developers Ltd
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]
- Market Cap ₹ 583 Cr.
- Current Price ₹ 13.4
- High / Low ₹ 17.3 / 6.71
- Stock P/E
- Book Value ₹ -31.6
- Dividend Yield 0.00 %
- ROCE -4.78 %
- ROE %
- Face Value ₹ 5.00
Pros
- Company is expected to give good quarter
Cons
- Company has low interest coverage ratio.
- Contingent liabilities of Rs.1,717 Cr.
- Promoters have pledged 30.0% of their holding.
- Company has high debtors of 217 days.
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
892 | 633 | 555 | 758 | 399 | 275 | 192 | 910 | 1,189 | 357 | 897 | 438 | 655 | |
470 | 373 | 346 | 434 | 310 | 202 | 213 | 962 | 1,133 | 373 | 951 | 546 | 727 | |
Operating Profit | 422 | 260 | 209 | 325 | 89 | 73 | -22 | -52 | 56 | -16 | -55 | -107 | -71 |
OPM % | 47% | 41% | 38% | 43% | 22% | 26% | -11% | -6% | 5% | -5% | -6% | -25% | -11% |
76 | 27 | 18 | -452 | 36 | 28 | 16 | 14 | 77 | 71 | 19 | -86 | -87 | |
Interest | 281 | 143 | 175 | 180 | 186 | 234 | 324 | 335 | 481 | 433 | 395 | 393 | 347 |
Depreciation | 15 | 13 | 13 | 5 | 29 | 28 | 30 | 29 | 27 | 37 | 59 | 66 | 68 |
Profit before tax | 201 | 132 | 39 | -313 | -90 | -161 | -360 | -402 | -375 | -415 | -490 | -652 | -573 |
Tax % | 66% | 45% | 58% | 64% | 45% | 8% | 10% | 9% | 3% | -3% | -1% | -23% | |
56 | 73 | 16 | -113 | -49 | -149 | -324 | -367 | -363 | -428 | -494 | -801 | -708 | |
EPS in Rs | 1.29 | 1.64 | 0.37 | -2.47 | -0.85 | -3.32 | -7.29 | -8.35 | -7.96 | -9.82 | -11.31 | -18.39 | -16.27 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -4% |
5 Years: | 18% |
3 Years: | -28% |
TTM: | -5% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | 3% |
Stock Price CAGR | |
---|---|
10 Years: | -6% |
5 Years: | 24% |
3 Years: | 21% |
1 Year: | 72% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
Last Year: | % |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 2,452 | 2,507 | 2,562 | 2,454 | 2,413 | 2,265 | 1,947 | 725 | 390 | -37 | -521 | -1,320 | -1,591 |
2,232 | 2,540 | 3,139 | 3,092 | 3,126 | 3,911 | 4,400 | 4,215 | 3,143 | 3,519 | 3,537 | 3,427 | 3,395 | |
1,831 | 2,158 | 2,213 | 1,531 | 1,712 | 1,563 | 1,825 | 4,530 | 4,339 | 4,159 | 3,691 | 4,051 | 4,225 | |
Total Liabilities | 6,732 | 7,423 | 8,132 | 7,294 | 7,469 | 7,956 | 8,390 | 9,688 | 8,089 | 7,859 | 6,925 | 6,375 | 6,247 |
228 | 214 | 163 | 516 | 480 | 575 | 548 | 564 | 860 | 900 | 919 | 1,028 | 1,926 | |
CWIP | 592 | 789 | 848 | 625 | 678 | 647 | 747 | 814 | 915 | 927 | 835 | 902 | 21 |
Investments | 28 | 28 | 15 | 15 | 79 | 15 | 15 | 303 | 344 | 390 | 390 | 175 | 175 |
5,884 | 6,392 | 7,106 | 6,139 | 6,232 | 6,720 | 7,081 | 8,007 | 5,971 | 5,642 | 4,781 | 4,270 | 4,125 | |
Total Assets | 6,732 | 7,423 | 8,132 | 7,294 | 7,469 | 7,956 | 8,390 | 9,688 | 8,089 | 7,859 | 6,925 | 6,375 | 6,247 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
170 | 93 | -264 | 562 | -32 | -332 | 85 | 1,310 | 1,563 | 259 | 550 | 374 | |
-51 | -125 | -112 | -7 | -48 | -152 | -90 | -470 | -11 | -47 | 39 | -59 | |
-110 | 14 | 425 | -463 | -69 | 460 | 0 | -815 | -1,576 | -179 | -608 | -325 | |
Net Cash Flow | 9 | -18 | 48 | 93 | -149 | -23 | -6 | 26 | -25 | 33 | -18 | -10 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 278 | 413 | 431 | 319 | 602 | 836 | 1,210 | 117 | 86 | 339 | 117 | 217 |
Inventory Days | 6,461 | 18,696 | 25,828 | 2,649 | 1,970 | 5,862 | 1,632 | 3,142 | ||||
Days Payable | 2,088 | 5,195 | 5,891 | 397 | 365 | 962 | 319 | 670 | ||||
Cash Conversion Cycle | 4,651 | 413 | 13,932 | 319 | 20,539 | 836 | 1,210 | 2,368 | 1,691 | 5,239 | 1,430 | 2,688 |
Working Capital Days | 1,442 | 2,143 | 2,652 | 1,698 | 2,407 | 4,314 | 5,445 | 404 | 195 | 1,259 | 324 | 478 |
ROCE % | 9% | 5% | 4% | 6% | 2% | 1% | -1% | -1% | 2% | 0% | -3% | -5% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
1d - 74(5) of SEBI (Depositories and Participants) Regulations, 2018 and based upon the Certificate received from the Registrar and Share Transfer Agent viz. MAS Services Limited, …
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Regulation 40(10) Of SEBI (LODR) Regulations, 2015 ('Listing Regulations')
2d - Ture Copy of the Certificate received from M/s Upender Jajoo @ Associates, Company Secretaries, under Regulation 40(9) of Listing Regulations, for the year ended March …
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Compliance Certificate Under Regulation 7(3) Of The SEBI (LODR) Regulations, 2015
12 Apr - As per the requirements of Regulation 7(2) of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, all activities in relation to share transfer facility …
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Clarification On Price Movement
3 Apr - With reference to your mail bearing No. L/SURV/ONL/PV/ NS/2024-2025/4065 dated April 03, 2024 and pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015. We would …
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Clarification sought from Parsvnath Developers Ltd
2 Apr - Exchange has sought clarification from Parsvnath Developers Ltd on April 02, 2024, with reference to significant movement in price, in order to ensure that investors …
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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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]