Puravankara Ltd

Puravankara Ltd

₹ 355 -0.15%
23 Apr 1:16 p.m.
About

Company is in the business of development and sale of real estate. Projects in metro cities like Bengaluru, Hyderabad, Chennai, Kolkata, Mumbai, Pune and Goa.

Company has completed 43 million square feet covering 74 projects.
[1]

Key Points

Brands & Offerings
1. Puravankara (luxury housing and commercial offices): [1]
This segment covers 55% of ongoing projects and 39% of new launches in the pipeline [2]

  • Market Cap 8,416 Cr.
  • Current Price 355
  • High / Low 391 / 75.1
  • Stock P/E 132
  • Book Value 74.9
  • Dividend Yield 1.78 %
  • ROCE 6.20 %
  • ROE 1.48 %
  • Face Value 5.00

Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 30.7%

Cons

  • Stock is trading at 4.74 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -6.05% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 1.81% over last 3 years.
  • Contingent liabilities of Rs.2,592 Cr.
  • Earnings include an other income of Rs.137 Cr.
  • Company has high debtors of 196 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: Realty Industry: Construction

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
140 136 424 122 74 110 98 55 246 249 175 187 313
95 87 215 80 42 96 77 50 184 265 151 154 202
Operating Profit 44 48 209 42 32 14 22 5 62 -17 24 33 111
OPM % 32% 36% 49% 34% 43% 13% 22% 9% 25% -7% 14% 18% 35%
44 10 156 9 20 26 121 12 23 96 15 11 15
Interest 64 59 52 45 46 48 43 45 51 49 53 56 56
Depreciation 3 2 2 2 2 2 2 2 3 1 2 3 3
Profit before tax 21 -3 310 3 3 -9 98 -30 30 30 -16 -14 67
Tax % 36% 41% 46% 32% 7% 32% 21% 21% 20% -23% 24% 26% 25%
14 -2 167 2 3 -6 77 -24 24 36 -12 -11 50
EPS in Rs 0.58 -0.07 7.06 0.08 0.13 -0.27 3.26 -1.00 1.02 1.54 -0.52 -0.45 2.11
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

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
528 815 923 1,202 1,016 976 886 1,472 1,271 564 730 648 924
264 425 618 946 769 682 713 1,160 1,009 381 434 577 773
Operating Profit 263 390 305 256 247 295 173 312 262 183 297 72 151
OPM % 50% 48% 33% 21% 24% 30% 20% 21% 21% 32% 41% 11% 16%
8 9 54 25 77 56 105 67 51 67 211 252 137
Interest 197 227 211 192 204 232 182 238 256 252 191 188 213
Depreciation 4 5 6 11 11 10 9 10 12 11 9 8 9
Profit before tax 70 167 141 78 110 109 87 132 45 -14 307 128 66
Tax % 32% 33% 25% -9% 22% 13% 11% 30% 32% 31% 46% 11%
47 112 106 85 86 95 77 92 31 -10 166 114 64
EPS in Rs 2.22 5.26 4.47 3.60 3.63 4.00 3.26 3.87 1.29 -0.41 7.00 4.82 2.68
Dividend Payout % 45% 67% 43% 43% 22% 56% 49% 26% 0% 0% 71% 21%
Compounded Sales Growth
10 Years: -2%
5 Years: -6%
3 Years: -20%
TTM: 81%
Compounded Profit Growth
10 Years: -13%
5 Years: -19%
3 Years: -4%
TTM: -11%
Stock Price CAGR
10 Years: 17%
5 Years: 36%
3 Years: 76%
1 Year: 364%
Return on Equity
10 Years: 4%
5 Years: 3%
3 Years: 2%
Last Year: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

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 107 107 119 119 119 119 119 119 119 119 119 119 119
Reserves 1,396 1,477 1,692 1,732 1,780 1,855 1,874 1,529 1,532 1,521 1,687 1,681 1,658
1,346 1,598 1,500 1,522 1,806 1,550 1,829 2,168 2,123 1,860 1,509 1,726 1,783
239 283 661 845 787 1,341 1,458 2,344 1,952 2,167 2,336 2,923 3,397
Total Liabilities 3,088 3,465 3,972 4,218 4,491 4,865 5,279 6,161 5,726 5,667 5,651 6,448 6,957
61 73 77 86 50 81 99 94 77 63 50 38 58
CWIP 2 1 0 1 0 0 33 33 0 0 3 0 0
Investments 56 61 57 39 462 33 43 46 63 70 46 278 317
2,969 3,331 3,838 4,093 3,979 4,750 5,104 5,987 5,586 5,533 5,551 6,131 6,582
Total Assets 3,088 3,465 3,972 4,218 4,491 4,865 5,279 6,161 5,726 5,667 5,651 6,448 6,957

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
52 181 86 291 36 -160 173 -97 283 368 383 47
-29 -32 1 -64 -19 556 -215 40 43 202 180 114
-11 -2 -158 -237 58 -513 48 80 -302 -558 -526 -68
Net Cash Flow 11 147 -72 -11 75 -117 5 22 24 12 38 93

Ratios

Standalone Figures in Rs. Crores / View Consolidated

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 104 97 96 95 79 109 68 30 44 105 72 196
Inventory Days 3,798 3,306 1,501 2,473 6,759 2,460 2,770 25,233
Days Payable 202 214 138 189 555 171 244 2,285
Cash Conversion Cycle 3,699 3,189 96 1,458 2,363 109 6,273 2,319 2,570 23,054 72 196
Working Capital Days 1,052 773 745 562 859 802 639 302 356 1,576 1,182 1,370
ROCE % 10% 13% 11% 8% 9% 9% 7% 10% 8% 7% 10% 6%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 74.99% 75.00% 75.00% 75.00%
16.33% 16.37% 16.31% 16.38% 16.35% 16.34% 16.35% 16.36% 16.32% 16.34% 16.49% 16.65%
1.73% 1.93% 2.03% 1.98% 1.90% 1.57% 0.83% 0.70% 0.39% 0.41% 0.40% 0.43%
6.94% 6.70% 6.66% 6.64% 6.75% 7.07% 7.81% 7.94% 8.29% 8.25% 8.10% 7.92%
No. of Shareholders 33,68632,50635,64935,35335,72036,40338,15737,86837,29736,39841,36644,576

* 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.

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