Pansari Developers Ltd.

•

pansaridevelopers.comBSE: -NSE: PANSARI

Market Cap₹ 491 Cr.

Current Price

High / Low₹ 389 / 233

Stock P/E24.7

Book Value₹ 91

Price to Book2.08

Dividend Yield0.00 %

ROCE6.4 %

ROE5.8 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Realty

Buy

Housing and construction indicators remain supportive for real estate. The housing index reached 105 (Mar/26), residential property prices rose 4.21% (Mar/26), construction output was 5.4% (Jul/26), and cement output accelerated to 13.1% YoY (2026-07). Bank lending rates are steady at 8.96% (Aug/26) rather than easing, but FPI flows turned positive with INR 1999 crore net inflow over 3 months to 2026-08-31 from INR -7216 crore previously.

Confidence

75%

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PROS

Company has delivered good profit growth of 22.2% CAGR over last 5 years
Operating margins have improved to 31.5% from 13.4%
Company has consistently been profitable over the last 5 years
Attractively priced for its growth - PEG of 0.9

CONS

Operating cash flow has been negative in recent years
A large part of profit comes from other income (48.5% of PBT)
Company has a low return on capital employed of 4.4%
Company has a low return on equity of 3.9% over last 3 years
Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -1.82x)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

RealtyRealtyConstruction - Real Estate

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	DLF	643.60	35.83	159311.06	1.24	793.90	-89.59	1280.34	-52.87	6.81	49.68
2.	LODHA	1113.00	26.96	111226.00	0.38	1373.10	103.39	4996.70	43.10	16.89	38.51
3.	PHOENIXLTD	1891.15	52.85	67642.25	0.13	394.51	22.95	1074.94	12.80	15.41	59.77
4.	PRESTIGE	1505.00	56.92	64824.90	0.13	271.40	-12.87	2675.10	15.94	11.51	31.75
5.	OBEROIRLTY	1747.40	24.16	63535.85	0.46	543.51	29.02	1300.89	31.73	17.69	56.75
6.	GODREJPROP	1745.00	32.85	52564.02	0.57	349.38	-41.61	506.17	16.48	8.37	-57.98
7.	ANANTRAJ	599.05	37.26	21558.43	0.17	149.19	18.50	631.40	6.58	12.23	29.53
8.	BRIGADE	638.90	30.00	20844.71	0.24	216.94	37.35	1115.55	-12.93	11.02	32.33
9.	ABREL	1284.65	108.49	14348.99	0.19	-34.59	-27.73	188.85	30.95	-4.54	-30.02
10.	SOBHA	1217.35	56.45	13020.02	0.49	50.85	273.37	1278.15	50.03	6.96	6.07
11.	SIGNATURE	762.15	10.27	10722.39	0.00	-16.53	-148.00	551.99	-36.24	34.77	-8.10
12.	PANSARI	281.50	24.69	491.13	0.00	39.82	861.37	146.48	725.61	6.39	25.92

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Dec 2025	Mar 2026	Jun 2026
	5	8	6	30	12	8	9	21	19	18	37	14	15
	3	6	5	27	11	5	7	15	12	12	32	14	12
Operating Profit	1	2	1	3	1	2	2	6	7	6	5	-0	3
OPM %	25.93%	24.88%	21.63%	10.82%	6.06%	30.80%	21.22%	27.51%	36.13%	31.74%	14.67%	-2.36%	18.56%
	1	1	1	1	2	1	1	3	2	1	2	13	2
Interest	1	1	1	1	1	1	1	3	1	1	1	2	1
Depreciation	0	0	0	0	1	1	1	3	0	1	1	1	1
Profit before Tax	1	1	1	3	2	1	1	3	7	5	6	10	5
Tax %	29.41%	20.95%	14.58%	22.18%	1.97%	20.17%	23.53%	21.27%	26.77%	20.99%	26.05%	18.48%	23.57%
Net Profit	0	0	0	0	1	1	1	3	5	4	4	8	4
	0.28	0.47	0.47	1.19	0.86	0.54	0.52	1.21	3.09	2.37	2.43	4.73	2.28

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	TTM
	7	3	6	10	35	36	60	23	56	40	83
	2	1	3	8	28	27	53	19	49	27	70
Operating Profit	4	2	3	2	7	9	8	5	7	13	13
OPM %	62.70%	58.22%	52.33%	17.78%	20.80%	25.47%	12.81%	19.65%	12.94%	31.54%	16.22%
	1	1	3	4	1	1	0	1	5	5	19
Interest	2	1	2	2	3	4	1	1	4	4	4
Depreciation	0	0	1	1	1	1	2	2	2	3	2
Profit before Tax	3	2	4	2	4	5	5	3	6	10	26
Tax %	18.77%	23.81%	22.17%	20.69%	27.10%	24.08%	25.08%	25.97%	15.91%	25.29%	21.64%
Net Profit	3	1	3	2	3	4	4	2	5	8	21
EPS	0.00	0.00	0.00	0.00	0.00	2.15	2.09	1.15	2.98	4.30	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: 15%
5 Years:: 3%
3 Years:: -13%

COMPOUNDED PROFIT GROWTH

10 Years:: 4%
5 Years:: 22%
3 Years:: 27%

STOCK PRICE CAGR

10 Years:: —
5 Years:: 39%
3 Years:: 41%
1 Year:: 7%

RETURN ON EQUITY

10 Years:: 4%
5 Years:: 4%
3 Years:: 4%
Last Year:: 6%

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	2	17	17	17	17	17	17	17	17	17
	38	35	38	40	42	93	102	104	109	117
	53	80	74	81	81	80	69	95	101	114
Trade Payables	3	5	4	4	3	2	1	3	4	2
	39	56	77	81	65	50	29	66	92	158
Total Liabilities	136	193	210	224	209	242	219	286	323	409
	1	1	14	13	22	44	42	42	60	59
	11	11	10	13	10	3	9	9	9	9
	81	116	137	149	133	133	103	120	108	163
	0	0	0	0	0	0	0	0	14	7
Cash & Bank	2	1	1	2	1	2	1	1	3	2
	41	64	48	47	42	59	63	115	129	169
Total Assets	136	193	210	224	209	242	219	286	323	409

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
	-15	-28	9	5	6	21	11	-20	11	-16
Cash from Investing	9	-22	-11	-4	-5	-4	0	-5	-10	5
Cash from Financing	7	51	2	-1	0	-15	-11	27	0	11
	1	-1	0	0	-0	1	-1	-0	2	-0

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

Shareholding Pattern

Numbers in percentages

	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Jun 2026
	73.88	73.88	73.88	73.88	73.88	73.88	73.88	73.88	73.88
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	26.12	26.12	26.12	26.12	26.12	26.12	26.12	26.12	26.12

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-09

Updates

2026-09-09 - Pansari Developers Limited has informed the Exchange regarding 'Dispatchof Notice'.

2026-09-09

Copy of Newspaper Publication

2026-09-09 - Pansari Developers Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-08

Shareholders meeting

2026-09-08 - Pansari Developers Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 30, 2026

2026-09-07

Copy of Newspaper Publication

2026-09-07 - Pansari Developers Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-24

General Updates

2026-08-24 - Pansari Developers Limited has informed the Exchange about General Updates

2026-08-14

Copy of Newspaper Publication

2026-08-14 - Pansari Developers Limited has informed the Exchange about Copy of Newspaper Publication

2026-08-13

Outcome of Board Meeting

2026-08-13 - Pansari Developers Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.

2026-07-14

Reply to Clarification- Financial results

2026-07-14 - The Exchange had sought clarification from Pansari Developers Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company was required to clarify the following: The response of the Company is enclosed.

2026-07-10

Certificate under SEBI (Depositories and Participants) Regulations, 2018

2026-07-10 - Pansari Developers Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018

News

Recent coverage and analyst commentary for PANSARI

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Pansari Developers Ltd.

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Free 5nance Account

Name

DLF

643.60

35.83

159311.06

1.24

793.90

-89.59

1280.34

-52.87

6.81

49.68

LODHA

1113.00

26.96

111226.00

0.38

1373.10

103.39

4996.70

43.10

16.89

38.51

PHOENIXLTD

1891.15

52.85

67642.25

0.13

394.51

22.95

1074.94

12.80

15.41

59.77

PRESTIGE

1505.00

56.92

64824.90

0.13

271.40

-12.87

2675.10

15.94

11.51

31.75

OBEROIRLTY

1747.40

24.16

63535.85

0.46

543.51

29.02

1300.89

31.73

17.69

56.75

GODREJPROP

1745.00

32.85

52564.02

0.57

349.38

-41.61

506.17

16.48

8.37

-57.98

ANANTRAJ

599.05

37.26

21558.43

0.17

149.19

18.50

631.40

6.58

12.23

29.53

BRIGADE

638.90

30.00

20844.71

0.24

216.94

37.35

1115.55

-12.93

11.02

32.33

ABREL

1284.65

108.49

14348.99

0.19

-34.59

-27.73

188.85

30.95

-4.54

-30.02

SOBHA

1217.35

56.45

13020.02

0.49

50.85

273.37

1278.15

50.03

6.96

6.07

SIGNATURE

762.15

10.27

10722.39

0.00

-16.53

-148.00

551.99

-36.24

34.77

-8.10

PANSARI

281.50

24.69

491.13

0.00

39.82

861.37

146.48

725.61

6.39

25.92

Mar 2023

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Dec 2025

Mar 2026

Jun 2026

Operating Profit

-0

OPM %

25.93%

24.88%

21.63%

10.82%

6.06%

30.80%

21.22%

27.51%

36.13%

31.74%

14.67%

-2.36%

18.56%

Interest

Depreciation

Profit before Tax

Tax %

29.41%

20.95%

14.58%

22.18%

1.97%

20.17%

23.53%

21.27%

26.77%

20.99%

26.05%

18.48%

23.57%

Net Profit

0.28

0.47

1.19

0.86

0.54

0.52

1.21

3.09

2.37

2.43

4.73

2.28

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

TTM

Operating Profit

OPM %

62.70%

58.22%

52.33%

17.78%

20.80%

25.47%

12.81%

19.65%

12.94%

31.54%

16.22%

Interest

Depreciation

Profit before Tax

Tax %

18.77%

23.81%

22.17%

20.69%

27.10%

24.08%

25.08%

25.97%

15.91%

25.29%

21.64%

Net Profit

EPS

0.00

2.15

2.09

1.15

2.98

4.30

—

Dividend Payout %

0.00%

—

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Equity Capital

102

104

109

117

101

114

Trade Payables

158

Total Liabilities

136

193

210

224

209

242

219

286

323

409

116

137

149

133

103

120

108

163

Cash & Bank

115

129

169

Total Assets

136

193

210

224

209

242

219

286

323

409

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

-15

-28

-20

-16

Cash from Investing

-22

-11

-4

-5

-4

-5

-10

Cash from Financing

-1

-15

-11

-1

-0

-1

-0

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Jun 2026

73.88

FIIs

0.00

DIIs

0.00

Government

0.00

26.12

Pansari Developers Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Pansari Developers Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI