PSP Projects Ltd

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

PSP Projects Ltd

₹ 695 0.01%
25 Apr - 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
PSP Projects is the second Fastest Growing Construction Company in Small Category in India[1]
As on Sept 2022, It has completed 196 Projects to date, establishing a strong relationship with reputed clientele, and has demonstrated a track record of timely completion of projects which has helped it to secure repeat orders from its existing customers consisting of large pharmaceutical, dairy, and public sector entities. [2]

In December 2021, Commissioned Precast facility in Gujarat with the objective to provide Sustainable Building Solutions and Technological Upgradation.[2]

Website BSE NSE
  • Market Cap ₹ 2,503 Cr.
  • Current Price ₹ 695
  • High / Low ₹ 846 / 598
  • Stock P/E 16.3
  • Book Value ₹ 241
  • Dividend Yield 0.36 %
  • ROCE 24.7 %
  • ROE 17.6 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter

Cons

  • Contingent liabilities of Rs.827 Cr.
  • Promoter holding has decreased over last 3 years: -7.97%

* 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
390 501 317 390 486 555 348 360 500 730 514 620 705
345 438 278 336 410 466 300 320 438 649 447 547 635
Operating Profit 45 63 39 55 76 88 48 39 62 81 66 72 70
OPM % 11% 13% 12% 14% 16% 16% 14% 11% 12% 11% 13% 12% 10%
4 4 4 4 9 5 6 6 6 7 6 6 6
Interest 3 5 3 4 10 9 6 7 10 9 9 12 15
Depreciation 6 7 5 7 9 10 9 9 10 12 12 14 19
Profit before tax 39 55 34 48 66 73 39 30 48 66 51 52 42
Tax % 27% 24% 27% 25% 24% 25% 26% 27% 27% 26% 26% 26% 26%
29 42 25 36 50 55 29 22 35 46 38 39 31
EPS in Rs 8.10 11.59 6.92 10.11 13.92 15.34 8.07 5.99 9.82 12.78 10.51 10.70 8.63
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 TTM
472 445 752 1,050 1,499 1,241 1,748 1,938 2,568
438 378 646 901 1,308 1,106 1,490 1,708 2,278
Operating Profit 35 67 106 149 191 135 258 230 289
OPM % 7% 15% 14% 14% 13% 11% 15% 12% 11%
10 13 18 22 24 17 22 25 25
Interest 3 8 9 10 15 15 26 32 46
Depreciation 7 8 11 24 27 26 32 40 57
Profit before tax 35 65 102 137 173 111 222 183 211
Tax % 37% 36% 36% 35% 26% 25% 25% 26%
23 42 66 89 128 81 167 132 153
EPS in Rs 71.34 14.41 18.20 24.84 35.69 22.65 46.29 36.65 42.62
Dividend Payout % 21% 17% 27% 20% 14% 18% 11% 7%
Compounded Sales Growth
10 Years: %
5 Years: 21%
3 Years: 9%
TTM: 46%
Compounded Profit Growth
10 Years: %
5 Years: 15%
3 Years: 1%
TTM: 9%
Stock Price CAGR
10 Years: %
5 Years: 8%
3 Years: 18%
1 Year: 3%
Return on Equity
10 Years: %
5 Years: 23%
3 Years: 20%
Last Year: 18%

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 Sep 2023
Equity Capital 3 29 36 36 36 36 36 36 36
Reserves 61 76 265 333 418 500 651 765 832
47 75 30 31 80 84 100 145 400
142 148 268 335 429 372 484 819 812
Total Liabilities 253 328 600 735 963 991 1,270 1,765 2,081
54 52 78 103 108 116 207 240 311
CWIP 0 0 2 0 0 42 0 18 12
Investments 14 18 16 1 1 1 1 1 1
185 258 504 631 854 833 1,062 1,507 1,757
Total Assets 253 328 600 735 963 991 1,270 1,765 2,081

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
40 -8 70 21 16 73 147 45
-45 -4 -122 -23 -8 5 -164 -51
6 22 81 -26 -2 -4 -11 12
Net Cash Flow 1 11 29 -27 6 74 -28 6

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.19% 69.88% 70.16% 70.20% 70.39% 70.45% 67.54% 67.59% 66.22% 66.22% 66.22% 66.22%
1.29% 1.27% 1.71% 1.78% 1.89% 1.97% 2.27% 2.47% 4.20% 4.23% 3.30% 2.31%
3.97% 4.95% 5.72% 4.77% 4.82% 4.40% 4.15% 4.51% 5.33% 5.35% 5.01% 4.53%
20.55% 23.89% 22.41% 23.24% 22.90% 23.18% 26.03% 25.43% 24.26% 24.20% 25.48% 26.94%
No. of Shareholders 19,32522,64528,32435,12335,28536,75036,92136,25236,91142,34648,54145,772

* 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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