Parsvnath Developers Ltd

Parsvnath Developers Ltd

₹ 13.3 0.00%
19 Apr - close price
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]

  • Market Cap 579 Cr.
  • Current Price 13.3
  • 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
60 242 33 40 298 528 54 42 64 280 54 113 208
71 251 29 35 235 652 68 34 70 375 86 109 155
Operating Profit -11 -8 4 4 64 -124 -15 9 -6 -95 -33 4 52
OPM % -18% -3% 11% 11% 21% -23% -28% 21% -9% -34% -60% 4% 25%
14 31 5 7 3 4 3 2 4 -95 2 5 2
Interest 120 110 87 75 118 120 94 96 96 106 115 69 56
Depreciation 7 15 10 8 17 21 14 14 14 25 14 14 15
Profit before tax -124 -102 -89 -72 -69 -259 -120 -99 -112 -321 -161 -75 -16
Tax % -2% -7% -0% -6% 0% 0% -0% -0% -44% -30% -22% 0% 0%
-126 -110 -89 -76 -69 -259 -120 -99 -161 -421 -195 -75 -16
EPS in Rs -2.90 -2.52 -2.05 -1.75 -1.58 -5.96 -2.76 -2.29 -3.70 -9.68 -4.49 -1.72 -0.38
Raw PDF

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: 23%
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%

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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