PSP Projects Ltd

PSP Projects Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

PSP Projects Ltd

₹ 762 0.45%
10 Jul - close price
pspprojects.com BSE: 540544 NSE: PSPPROJECT
About

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. [1]
It is also engaged in the real estate development of two mid-scale projects in the USA through its subsidiaries [2]

Key Points

Fast Growing construction company
In Oct,23, the company was awarded the “Fastest Growing Construction Company in India” (below 2000 Cr. turnover category) at the 21st Construction World Global Awards, 2023. [1]

As of Q3FY24, It has completed 219 Projects and 49 projects are under execution.
In December 2021, the co. commissioned a Precast facility in Gujarat to provide Sustainable Building Solutions and Technological Upgradation. [2]

Website BSE NSE
  • Market Cap ₹ 3,020 Cr.
  • Current Price ₹ 762
  • High / Low ₹ 820 / 565
  • Stock P/E 53.5
  • Book Value ₹ 305
  • Dividend Yield 0.00 %
  • ROCE 8.61 %
  • ROE 5.32 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company's median sales growth is 27.8% of last 10 years

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 10.5% over past five years.
  • Company has a low return on equity of 11.8% over last 3 years.
  • Dividend payout has been low at 2.26% of profits over last 3 years
  • Promoter holding has decreased over last 3 years: -10.1%

* 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

Industrials Construction Construction Civil Construction

Part of BSE SmallCap BSE Allcap BSE Industrials

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
555.34 345.24 356.60 497.39 727.41 509.56 607.15 696.62 649.17 611.89 578.09 623.21 655.09
467.21 298.14 317.99 435.74 649.75 444.91 533.41 625.19 597.35 538.44 539.25 587.85 624.65
Operating Profit 88.13 47.10 38.61 61.65 77.66 64.65 73.74 71.43 51.82 73.45 38.84 35.36 30.44
OPM % 15.87% 13.64% 10.83% 12.39% 10.68% 12.69% 12.15% 10.25% 7.98% 12.00% 6.72% 5.67% 4.65%
5.42 5.62 8.33 6.48 6.66 5.70 6.03 6.54 5.99 3.76 4.57 3.78 5.10
Interest 9.46 5.59 7.05 10.13 9.19 9.08 12.45 15.27 14.02 13.17 10.58 10.24 10.23
Depreciation 10.22 8.72 9.06 9.85 12.38 11.85 14.36 18.73 19.94 16.74 17.93 18.74 19.25
Profit before tax 73.87 38.41 30.83 48.15 62.75 49.42 52.96 43.97 23.85 47.30 14.90 10.16 6.06
Tax % 27.16% 25.83% 25.62% 26.71% 26.20% 25.68% 25.60% 26.06% 36.06% 27.53% 25.23% 40.16% 18.48%
53.81 28.49 22.92 35.30 46.31 36.72 39.41 32.52 15.25 34.28 11.15 6.08 4.95
EPS in Rs 14.95 7.91 6.37 9.81 12.86 10.20 10.95 9.03 4.24 8.65 2.81 1.53 1.25
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
210 280 455 401 730 1,044 1,499 1,241 1,749 1,927 2,462 2,468
194 258 415 335 628 895 1,308 1,106 1,492 1,699 2,200 2,290
Operating Profit 17 22 39 66 102 149 191 135 257 228 262 178
OPM % 8% 8% 9% 16% 14% 14% 13% 11% 15% 12% 11% 7%
4 7 10 13 18 23 25 14 21 24 24 17
Interest 2 2 3 8 9 9 15 15 26 32 51 44
Depreciation 4 5 7 8 11 24 27 26 32 40 65 73
Profit before tax 15 21 39 64 100 139 174 109 219 180 170 78
Tax % 35% 34% 36% 35% 36% 35% 26% 26% 26% 26% 27% 28%
10 14 25 42 64 90 129 81 162 133 124 56
EPS in Rs 125.88 175.62 78.53 14.45 17.88 25.07 35.91 22.44 45.11 36.95 34.42 14.24
Dividend Payout % 16% 5% 19% 17% 28% 20% 14% 18% 11% 7% 0% 0%
Compounded Sales Growth
10 Years: 24%
5 Years: 10%
3 Years: 12%
TTM: 0%
Compounded Profit Growth
10 Years: 15%
5 Years: -15%
3 Years: -30%
TTM: -54%
Stock Price CAGR
10 Years: %
5 Years: 13%
3 Years: 8%
1 Year: 8%
Return on Equity
10 Years: 19%
5 Years: 15%
3 Years: 12%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 0.80 0.80 3 29 36 36 36 36 36 36 36 40
Reserves 34 46 63 78 267 335 421 502 649 764 879 1,169
26 33 45 68 22 26 75 81 100 145 455 272
75 106 117 140 260 333 427 371 482 811 653 856
Total Liabilities 136 186 229 315 584 731 959 990 1,267 1,756 2,022 2,337
19 33 52 51 77 103 108 116 207 240 322 307
CWIP 0 0 0 0 2 0 0 42 0 18 3 3
Investments 9 13 18 22 20 4 4 1 1 1 1 1
109 140 158 242 486 623 847 832 1,059 1,498 1,697 2,026
Total Assets 136 186 229 315 584 731 959 990 1,267 1,756 2,022 2,337

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
20 30 41 13 70 28 19 71 120 43 -227 55
-41 -26 -43 -19 -122 -34 -11 5 -140 -48 -25 -106
9 4 3 17 81 -22 -2 -2 -8 12 269 20
Net Cash Flow -12 8 0 11 29 -28 6 74 -28 6 17 -31

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 24 31 8 49 58 50 55 65 65 82 50 78
Inventory Days 7 12 8 9 45 66 66 82 59 96 151 55
Days Payable 183 175 133 199 164 140 148 237 188 232 198 71
Cash Conversion Cycle -152 -132 -117 -142 -60 -24 -27 -89 -64 -54 2 63
Working Capital Days -71 -97 -63 -55 -44 -8 16 27 30 42 95 104
ROCE % 34% 33% 44% 50% 44% 41% 41% 22% 35% 25% 19% 9%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
70.39% 70.45% 67.54% 67.59% 66.22% 66.22% 66.22% 66.22% 60.14% 60.14% 60.14% 60.14%
1.89% 1.97% 2.27% 2.47% 4.20% 4.23% 3.30% 2.31% 7.02% 8.58% 7.63% 7.82%
4.82% 4.40% 4.15% 4.51% 5.33% 5.35% 5.01% 4.53% 10.45% 10.94% 8.09% 7.99%
22.90% 23.18% 26.03% 25.43% 24.26% 24.20% 25.48% 26.94% 22.39% 20.35% 24.14% 24.05%
No. of Shareholders 35,28536,75036,92136,25236,91142,34648,54145,77241,86140,83943,24441,197

* 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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