PSP Projects Ltd

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

PSP Projects Ltd

₹ 734 -0.75%
20 Jun - 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 ₹ 2,910 Cr.
  • Current Price ₹ 734
  • High / Low ₹ 775 / 565
  • Stock P/E 51.6
  • Book Value ₹ 305
  • Dividend Yield 0.00 %
  • ROCE 8.71 %
  • ROE 5.31 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has reduced debt.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of 10.9% over past five years.
  • Company has a low return on equity of 11.6% over last 3 years.
  • Dividend payout has been low at 2.27% 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

Edit Columns
Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
554.65 348.08 359.98 500.16 729.58 513.63 619.65 704.75 667.76 623.06 585.97 630.21 672.89
466.31 300.21 320.50 438.36 648.65 447.46 547.15 635.14 615.10 549.10 548.37 594.69 640.53
Operating Profit 88.34 47.87 39.48 61.80 80.93 66.17 72.50 69.61 52.66 73.96 37.60 35.52 32.36
OPM % 15.93% 13.75% 10.97% 12.36% 11.09% 12.88% 11.70% 9.88% 7.89% 11.87% 6.42% 5.64% 4.81%
4.73 5.58 6.28 6.43 6.70 5.66 6.05 6.43 6.07 3.79 4.57 3.78 5.18
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 10.24
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 73.39 39.14 29.65 48.25 66.06 50.90 51.74 42.04 24.77 47.84 13.66 10.32 8.05
Tax % 25.29% 25.83% 27.39% 26.80% 26.19% 25.68% 25.63% 26.12% 35.08% 27.51% 25.18% 36.14% 19.63%
55.22 29.04 21.55 35.36 46.00 37.85 38.52 31.08 15.52 34.68 10.22 5.05 6.46
EPS in Rs 15.34 8.07 5.99 9.82 12.78 10.51 10.70 8.63 4.31 8.75 2.58 1.27 1.63
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
472 445 752 1,050 1,499 1,241 1,748 1,938 2,506 2,512
438 378 646 901 1,308 1,106 1,490 1,708 2,245 2,333
Operating Profit 35 67 106 149 191 135 258 230 261 179
OPM % 7% 15% 14% 14% 13% 11% 15% 12% 10% 7%
10 13 18 22 24 17 22 25 24 17
Interest 3 8 9 10 15 15 26 32 51 44
Depreciation 7 8 11 24 27 26 32 40 65 73
Profit before tax 35 65 102 137 173 111 222 183 169 80
Tax % 37% 36% 36% 35% 26% 25% 25% 26% 27% 27%
23 42 66 89 128 81 167 132 123 56
EPS in Rs 71.34 14.41 18.20 24.84 35.69 22.65 46.29 36.65 34.16 14.23
Dividend Payout % 21% 17% 27% 20% 14% 18% 11% 7% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 11%
3 Years: 13%
TTM: 0%
Compounded Profit Growth
10 Years: %
5 Years: -15%
3 Years: -30%
TTM: -54%
Stock Price CAGR
10 Years: %
5 Years: 15%
3 Years: 13%
1 Year: 14%
Return on Equity
10 Years: %
5 Years: 15%
3 Years: 12%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 3 29 36 36 36 36 36 36 36 40
Reserves 61 76 265 333 418 500 651 765 879 1,169
47 75 30 31 80 84 100 145 455 272
142 148 268 335 429 372 484 819 667 873
Total Liabilities 253 328 600 735 963 991 1,270 1,765 2,037 2,353
54 52 78 103 108 116 207 240 322 307
CWIP 0 0 2 0 0 42 0 18 3 3
Investments 14 18 16 1 1 1 1 1 1 1
185 258 504 631 854 833 1,062 1,507 1,711 2,042
Total Assets 253 328 600 735 963 991 1,270 1,765 2,037 2,353

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
40 -8 70 21 16 73 147 45 -224 53
-45 -4 -122 -23 -8 5 -164 -51 -26 -106
6 22 81 -26 -2 -4 -11 12 269 20
Net Cash Flow 1 11 29 -27 6 74 -28 6 19 -33

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 16 48 60 51 57 67 65 82 50 77
Inventory Days 17 8 43 66 66 82 60 96 147 54
Days Payable 145 174 160 140 148 237 189 231 194 70
Cash Conversion Cycle -112 -118 -58 -22 -25 -88 -64 -53 3 61
Working Capital Days -65 -53 -42 -6 17 27 30 42 93 102
ROCE % 50% 44% 40% 40% 22% 35% 25% 19% 9%

Shareholding Pattern

Numbers in percentages

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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

DRHP

Credit ratings

Concalls