Puravankara Ltd

Puravankara Ltd

₹ 416 5.24%
26 Apr 12:57 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 9,856 Cr.
  • Current Price 416
  • High / Low 416 / 76.6
  • Stock P/E 131
  • Book Value 82.6
  • Dividend Yield 1.52 %
  • ROCE 7.30 %
  • ROE 2.92 %
  • Face Value 5.00

Pros

  • Company is expected to give good quarter
  • Company has been maintaining a healthy dividend payout of 38.7%

Cons

  • Stock is trading at 5.03 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -2.67% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 3.38% over last 3 years.
  • Earnings include an other income of Rs.139 Cr.
  • Company has high debtors of 157 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

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
256 311 182 256 221 296 215 239 392 389 323 368 574
189 227 156 169 162 258 158 195 283 373 260 283 378
Operating Profit 67 85 25 87 60 37 57 45 110 16 63 85 196
OPM % 26% 27% 14% 34% 27% 13% 26% 19% 28% 4% 19% 23% 34%
47 29 361 17 25 25 82 13 18 91 13 13 22
Interest 88 97 87 81 80 84 88 76 94 102 98 105 105
Depreciation 5 5 5 4 4 4 4 4 5 4 5 6 7
Profit before tax 21 13 294 18 1 -26 48 -22 29 1 -28 -13 106
Tax % 37% 28% 47% 31% -26% 24% 28% 22% 22% -2,093% 36% 13% 27%
13 9 155 12 1 -20 34 -17 23 27 -18 -11 78
EPS in Rs 0.56 0.38 6.53 0.52 0.05 -0.85 1.45 -0.72 0.95 1.12 -0.75 -0.47 3.29
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
814 1,246 1,310 1,672 1,584 1,407 1,415 2,050 2,128 963 955 1,236 1,654
425 669 835 1,287 1,244 998 1,110 1,612 1,681 681 746 1,006 1,294
Operating Profit 389 577 476 386 340 409 305 439 447 282 208 230 360
OPM % 48% 46% 36% 23% 21% 29% 22% 21% 21% 29% 22% 19% 22%
16 26 18 18 47 68 90 76 59 93 427 203 139
Interest 201 240 241 233 243 290 251 328 343 357 332 360 410
Depreciation 5 7 8 15 16 16 15 15 23 20 18 17 22
Profit before tax 198 356 244 156 128 171 129 172 140 -2 286 55 67
Tax % 32% 32% 35% 15% 34% 25% 29% 33% 37% -82% 48% -20%
136 243 160 133 83 129 91 114 88 -4 148 67 75
EPS in Rs 6.36 11.41 6.75 5.60 3.49 5.44 3.85 4.82 3.73 -0.17 6.22 2.80 3.19
Dividend Payout % 16% 11% 28% 28% 22% 41% 42% 21% 0% 0% 80% 36%
Compounded Sales Growth
10 Years: 0%
5 Years: -3%
3 Years: -17%
TTM: 45%
Compounded Profit Growth
10 Years: -13%
5 Years: -8%
3 Years: -13%
TTM: 282%
Stock Price CAGR
10 Years: 18%
5 Years: 39%
3 Years: 81%
1 Year: 414%
Return on Equity
10 Years: 5%
5 Years: 4%
3 Years: 3%
Last Year: 3%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 1,581 1,793 2,055 2,142 2,165 2,248 2,275 1,738 1,795 1,777 1,923 1,868 1,840
1,349 1,786 1,697 1,793 2,172 2,067 2,379 2,895 2,670 2,835 2,627 2,944 3,066
355 385 869 1,109 1,090 1,814 2,011 3,973 3,487 3,697 3,955 5,125 6,056
Total Liabilities 3,391 4,070 4,739 5,163 5,546 6,247 6,783 8,725 8,071 8,429 8,623 10,055 11,081
71 86 92 112 88 114 125 128 122 111 96 107 158
CWIP 2 1 0 12 0 0 36 42 9 0 3 1 2
Investments 123 144 91 69 525 116 131 130 132 138 82 104 103
3,195 3,839 4,556 4,970 4,932 6,017 6,491 8,424 7,807 8,179 8,442 9,844 10,818
Total Assets 3,391 4,070 4,739 5,163 5,546 6,247 6,783 8,725 8,071 8,429 8,623 10,055 11,081

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
92 40 170 330 14 -277 -29 -131 578 244 134 145
-56 -52 -39 -79 -16 521 56 5 -23 24 525 95
-51 170 -193 -204 73 -432 12 160 -579 -213 -529 -141
Net Cash Flow -15 158 -62 46 71 -188 39 34 -24 55 131 99

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 86 90 96 96 78 100 71 45 51 116 93 157
Inventory Days 3,755 1,328 1,718 6,990 3,052 2,438
Days Payable 293 145 155 658 211 216
Cash Conversion Cycle 86 3,553 96 1,279 1,641 100 6,403 2,886 2,273 116 93 157
Working Capital Days 705 598 620 499 691 682 585 304 313 1,354 1,362 1,050
ROCE % 14% 18% 13% 9% 9% 10% 8% 10% 10% 8% 13% 7%

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.

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