PSP Projects Ltd

About [ edit ]

PSP Projects Limited is a construction company incorporated in August 2008 offering a diversified range of construction and allied services across industrial, institutional, government, government residential, and residential projects in India. The principal promoter, Mr. Prahalad S. Patel has over three decades of experience in the construction industry. #
It is also engaged in the real estate development of two mid-scale projects in the USA through its subsidiaries #

Key Points [ edit ]
  • Market Cap 1,717 Cr.
  • Current Price 477
  • High / Low 531 / 232
  • Stock P/E 22.5
  • Book Value 130
  • Dividend Yield 1.05 %
  • ROCE 40.7 %
  • ROE 31.2 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 56.22% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.76%
  • Company has been maintaining a healthy dividend payout of 20.61%

Cons

Peer comparison

Sector: Construction Industry: Construction

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
264 235 210 261 338 307 313 423 456 107 243 390
227 202 181 224 288 265 269 369 406 106 219 343
Operating Profit 36 33 29 37 50 43 43 54 51 1 25 47
OPM % 14% 14% 14% 14% 15% 14% 14% 13% 11% 1% 10% 12%
Other Income 6 6 5 5 7 5 7 6 7 5 5 1
Interest 3 1 2 2 3 3 4 4 4 3 4 3
Depreciation 4 5 6 6 7 6 6 7 8 6 6 6
Profit before tax 35 33 27 33 46 39 40 49 46 -3 19 39
Tax % 34% 36% 34% 35% 34% 35% 19% 25% 26% 25% 22% 28%
Net Profit 23 21 18 21 30 26 33 37 34 -2 14 28
EPS in Rs 6.38 5.86 4.88 5.96 8.37 7.09 9.09 10.21 9.52 -0.62 4.00 7.76
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
127 179 257 210 280 455 401 730 1,044 1,499 1,197
121 163 235 194 258 415 335 628 895 1,308 1,073
Operating Profit 6 15 22 17 22 39 66 102 149 191 123
OPM % 5% 9% 9% 8% 8% 9% 16% 14% 14% 13% 10%
Other Income 1 2 4 4 7 10 13 18 23 25 18
Interest 1 2 4 2 2 3 8 9 9 15 14
Depreciation 1 3 4 4 5 7 8 11 24 27 26
Profit before tax 5 12 18 15 21 39 64 100 139 174 100
Tax % 33% 33% 33% 35% 34% 36% 35% 36% 35% 26%
Net Profit 4 8 12 10 14 25 42 64 90 129 74
EPS in Rs 56.40 104.38 153.12 125.88 175.62 78.53 14.45 17.88 25.07 35.91 20.66
Dividend Payout % 0% 0% 7% 16% 5% 19% 17% 28% 20% 14%
Compounded Sales Growth
10 Years:%
5 Years:40%
3 Years:55%
TTM:-13%
Compounded Profit Growth
10 Years:%
5 Years:56%
3 Years:46%
TTM:-39%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:1%
1 Year:1%
Return on Equity
10 Years:%
5 Years:32%
3 Years:30%
Last Year:31%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
1 1 1 1 1 3 29 36 36 36 36
Reserves 6 14 26 34 46 63 78 267 335 421 433
Borrowings 15 26 15 26 33 45 68 22 26 75 114
31 51 59 75 106 117 140 260 333 427 303
Total Liabilities 52 92 101 136 186 229 315 584 731 959 886
13 18 18 19 33 52 51 77 103 108 128
CWIP 0 0 0 0 0 0 0 2 0 0 6
Investments 0 0 3 9 13 18 22 20 4 4 4
39 74 79 109 140 158 242 486 623 847 748
Total Assets 52 92 101 136 186 229 315 584 731 959 886

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
0 16 26 20 30 41 13 70 28 19
0 -22 2 -41 -26 -43 -19 -122 -34 -11
0 9 -14 9 4 3 17 81 -22 -2
Net Cash Flow 0 3 15 -12 8 0 11 29 -28 6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 47% 53% 34% 33% 44% 50% 44% 41% 41%
Debtor Days 23 39 17 24 31 8 49 58 50 55
Inventory Turnover 31.04 60.72 47.68 46.35 46.38 37.57 15.32 7.61 6.23

Shareholding Pattern

Numbers in percentages

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
72.13 72.44 72.96 73.28 73.28 73.28 73.68 73.68 73.82 73.96 74.16 74.19
1.16 1.21 1.29 1.16 1.17 1.21 1.20 1.21 1.27 1.27 1.27 1.27
8.63 8.43 8.31 6.15 6.42 6.84 6.72 6.44 5.74 5.82 5.82 5.41
18.08 17.92 17.44 19.40 19.12 18.67 18.40 18.67 19.17 18.94 18.75 19.13

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