Parsvnath Developers Ltd.
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ABOUT
AI Sector View
AI GENERATEDRealty
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.
PROS
- Company is almost debt free
- Working capital cycle has improved - days down from -564 to -1411
- Company generates healthy free cash flow
CONS
- Net worth is negative - accumulated losses have eroded equity
- Company is loss-making at the operating / net level
- Receivables are growing faster than sales - a possible quality concern
- Promoter holding has decreased over last 2 years: -19.6pp
- Company has a low return on capital employed of -1.1%
- Company has a low return on equity of 0.0% over last 3 years
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| DLF | 681.00 | 37.92 | 168568.73 | 1.17 | 793.90 | -89.59 | 1280.34 | -52.87 | 6.81 | 49.68 |
| LODHA | 1220.60 | 29.56 | 121965.19 | 0.35 | 1373.10 | 103.39 | 4996.70 | 43.10 | 16.89 | 38.51 |
| PHOENIXLTD | 1960.00 | 54.77 | 70104.86 | 0.13 | 394.51 | 22.95 | 1074.94 | 12.80 | 13.70 | 59.77 |
| PRESTIGE | 1625.00 | 61.46 | 69993.66 | 0.12 | 271.40 | -12.87 | 2675.10 | 15.94 | 11.51 | 31.75 |
| OBEROIRLTY | 1904.60 | 26.33 | 69251.68 | 0.42 | 543.51 | 29.02 | 1300.89 | 31.73 | 17.69 | 56.75 |
| GODREJPROP | 1986.60 | 37.40 | 59841.66 | 0.50 | 349.38 | -41.61 | 506.17 | 16.48 | 8.37 | -57.98 |
| BRIGADE | 712.95 | 33.47 | 23260.66 | 0.21 | 216.94 | 37.35 | 1115.55 | -12.93 | 11.02 | 32.33 |
| ANANTRAJ | 628.50 | 39.09 | 22618.27 | 0.16 | 149.19 | 18.50 | 631.40 | 6.58 | 12.23 | 29.53 |
| ABREL | 1376.10 | 116.21 | 15370.44 | 0.18 | -34.59 | -27.73 | 188.85 | 30.95 | -4.54 | -30.02 |
| SOBHA | 1254.70 | 58.18 | 13419.50 | 0.48 | 50.85 | 273.37 | 1278.15 | 50.03 | 6.96 | 6.07 |
| SIGNATURE | 793.70 | 10.70 | 11166.25 | 0.00 | -16.53 | -148.00 | 551.99 | -36.24 | 34.77 | -8.10 |
| PARSVNATH | 1.54 | 0.00 | 67.02 | 0.00 | -149.48 | -375.19 | 61.04 | 4.81 | 10.45 | -6.59 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 64 | 280 | 54 | 113 | 208 | 87 | 88 | 47 | 58 | 61 | 63 | 54 | 61 | |
| 70 | 375 | 86 | 110 | 155 | 190 | 75 | 57 | 51 | 82 | 58 | 78 | 65 | |
| Operating Profit | -6 | -95 | -33 | 4 | 52 | -103 | 13 | -10 | 7 | -22 | 5 | -24 | -4 |
| OPM % | -9.44% | -34.04% | -60.38% | 3.49% | 25.26% | -118.81% | 14.42% | -22.15% | 12.43% | -35.76% | 8.47% | -45.33% | -6.59% |
| 4 | -95 | 2 | 5 | 2 | 85 | 2 | 1 | 63 | 103 | 72 | 1 | 7 | |
| Interest | 96 | 106 | 115 | 69 | 56 | 223 | 101 | 106 | 89 | 149 | 119 | 117 | 129 |
| Depreciation | 14 | 25 | 14 | 14 | 15 | 14 | 13 | 13 | 13 | 12 | 11 | 11 | 23 |
| Profit before Tax | -112 | -321 | -161 | -75 | -16 | -255 | -99 | -128 | -31 | -80 | -53 | -152 | -149 |
| Tax % | -43.68% | -30.36% | -21.76% | -0.00% | -0.00% | -20.32% | -1.78% | -0.00% | -0.00% | -8.90% | -11.40% | -1.14% | -0.00% |
| Net Profit | 0 | 0 | 0 | 0 | 0 | -307 | -101 | -128 | -31 | -87 | -59 | -154 | -149 |
| -3.71 | -9.63 | -4.49 | -1.71 | -0.38 | -7.05 | -2.32 | -2.94 | -0.71 | -1.97 | -1.36 | -3.53 | -3.29 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 406 | 279 | 194 | 911 | 1,191 | 358 | 899 | 440 | 462 | 254 | 239 | |
| 317 | 206 | 215 | 963 | 1,135 | 375 | 954 | 548 | 541 | 266 | 284 | |
| Operating Profit | 89 | 73 | -22 | -52 | 56 | -16 | -55 | -107 | -79 | -12 | -45 |
| OPM % | 21.89% | 26.08% | -11.13% | -5.69% | 4.71% | -4.58% | -6.07% | -24.41% | -17.17% | -4.80% | -18.75% |
| 36 | 28 | 16 | 14 | 77 | 71 | 19 | -86 | 93 | 170 | 183 | |
| Interest | 186 | 234 | 324 | 335 | 481 | 433 | 395 | 393 | 464 | 444 | 515 |
| Depreciation | 29 | 28 | 30 | 29 | 27 | 37 | 59 | 66 | 57 | 52 | 58 |
| Profit before Tax | -90 | -161 | -360 | -402 | -375 | -415 | -490 | -652 | -507 | -338 | -434 |
| Tax % | 45.14% | 7.60% | 9.89% | 8.53% | 3.17% | -3.20% | -0.85% | -22.53% | -17.12% | -2.62% | -3.43% |
| Net Profit | -49 | -149 | -324 | -367 | -363 | -428 | -494 | -799 | -594 | -347 | -449 |
| EPS | -0.85 | -3.33 | -7.29 | -8.36 | -7.96 | -9.82 | -11.31 | -18.39 | -13.63 | -7.94 | — |
| 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:
- -10%
- 5 Years:
- -27%
- 3 Years:
- -34%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- -21%
- 5 Years:
- -36%
- 3 Years:
- -45%
- 1 Year:
- -90%
RETURN ON EQUITY
- 10 Years:
- -20%
- 5 Years:
- -22%
- 3 Years:
- 0%
- Last Year:
- 0%
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 | 218 | 218 | 218 | 218 | 218 | 218 | 218 | 218 | 218 | 218 |
| Minority Interest | 188 | 170 | 163 | 77 | 3 | 2 | 11 | 88 | 93 | 118 |
| 2,413 | 2,265 | 1,947 | 725 | 390 | -37 | -521 | -1,320 | -1,914 | -2,259 | |
| 2,956 | 3,982 | 4,481 | 4,303 | 3,619 | 3,862 | 3,912 | 4,200 | 3,851 | 3,806 | |
| Trade Payables | 679 | 695 | 764 | 794 | 853 | 711 | 715 | 724 | 759 | 801 |
| 959 | 529 | 684 | 3,328 | 2,752 | 2,861 | 2,349 | 2,376 | 2,931 | 2,710 | |
| Total Liabilities | 7,413 | 7,858 | 8,256 | 9,445 | 7,834 | 7,617 | 6,683 | 6,285 | 5,937 | 5,394 |
| 480 | 553 | 524 | 541 | 828 | 859 | 881 | 1,000 | 875 | 814 | |
| Capital Work in Progress | 60 | 62 | 64 | 64 | 65 | 26 | 21 | 21 | 21 | 20 |
| 15 | 15 | 15 | 303 | 344 | 390 | 390 | 175 | 388 | 13 | |
| 2,977 | 3,327 | 3,689 | 5,296 | 4,602 | 4,329 | 3,659 | 3,358 | 3,068 | 2,853 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 207 | 184 | |
| Cash & Bank | 173 | 68 | 65 | 91 | 63 | 102 | 81 | 93 | 32 | 34 |
| 3,709 | 3,833 | 3,901 | 3,150 | 1,932 | 1,911 | 1,651 | 1,638 | 1,346 | 1,475 | |
| Total Assets | 7,413 | 7,858 | 8,256 | 9,445 | 7,834 | 7,617 | 6,683 | 6,285 | 5,937 | 5,394 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| -21 | -322 | 94 | 1,321 | 1,567 | 251 | 549 | 369 | 260 | 38 | |
| Cash from Investing | -48 | -152 | -90 | -470 | -11 | -47 | 39 | -59 | -30 | -78 |
| Cash from Financing | -69 | 460 | 0 | -815 | -1,576 | -179 | -608 | -325 | -214 | 39 |
| -149 | -23 | -6 | 26 | -25 | 33 | -18 | -10 | 16 | -1 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | ||||||||||
| EPS (₹) | -0.85 | -3.32 | -7.29 | -8.35 | -7.96 | -9.82 | -11.31 | -18.39 | -13.63 | -7.94 |
| Book Value (₹) | 60.45 | 57.04 | 49.75 | 21.66 | 13.96 | 4.15 | -6.96 | -25.34 | -38.98 | -46.91 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | -0.48 | -2.78 | -6.75 | -7.78 | -7.73 | -8.98 | -10.00 | -16.85 | -12.34 | -6.78 |
| PROFITABILITY | ||||||||||
| Operating Margin % | 30.64% | 35.99% | -2.66% | -4.11% | 11.16% | 15.37% | -3.98% | -15.69% | -17.17% | -4.80% |
| Net Margin % | -12.16% | -53.39% | -167.28% | -40.33% | -30.49% | -119.46% | -54.94% | -181.51% | -128.60% | -136.77% |
| ROE % | -1.86% | -5.82% | -13.94% | -23.65% | -46.88% | -108.57% | 0.00% | 0.00% | 0.00% | 0.00% |
| ROCE % | 1.66% | 1.19% | -0.55% | -1.13% | 2.38% | 0.50% | -2.97% | -10.86% | -2.90% | 10.45% |
| -0.66% | -1.95% | -4.02% | -4.15% | -4.20% | -5.54% | -6.91% | -12.33% | -9.72% | -6.13% | |
| EFFICIENCY | ||||||||||
| Debtor Days | 594 | 844 | 1193 | 186 | 87 | 311 | 126 | 227 | 185 | 282 |
| Inventory Days | 2539 | 4125 | 6611 | 1800 | 1516 | 4551 | 1622 | 2908 | 2538 | 4256 |
| Payable Days | 1928 | 7142 | 7224 | 361 | 326 | 1560 | 371 | 817 | 902 | 1240 |
| 1205 | -2173 | 580 | 1625 | 1278 | 3302 | 1377 | 2318 | 1821 | 3297 | |
| FINANCIAL HEALTH | ||||||||||
| Debt to Equity (x) | 1.19x | 1.58x | 2.03x | 4.47x | 5.17x | 18.09x | -10.62x | -2.69x | -1.68x | -1.43x |
| Interest Coverage (x) | 0.52x | 0.31x | -0.11x | -0.20x | 0.22x | 0.04x | -0.24x | -0.66x | -0.09x | 0.24x |
| 2.17x | 2.45x | 1.88x | 1.11x | 1.06x | 1.03x | 0.94x | 0.92x | 0.85x | 0.78x | |
| GROWTH | ||||||||||
| Revenue Growth % | -46.76% | -31.30% | -30.56% | 370.43% | 30.78% | -69.94% | 150.99% | -51.02% | 4.92% | -45.04% |
| Operating Profit Growth % | -63.63% | -19.29% | -105.13% | -627.39% | 454.99% | -58.57% | -164.91% | -93.28% | 31.07% | 178.45% |
| Net Profit Growth % | 56.18% | -201.53% | -117.58% | -13.41% | 1.13% | -17.79% | -15.42% | -61.83% | 25.66% | 41.55% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 25.86% | 41.78% | |
| VALUATION | ||||||||||
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | -0.38x | -0.47x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | -72.72x | 102.81x |
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-02 - Parsvnath Developers Limited has informed the Exchange about List of creditors as on 31.08.2026
2026-08-31 - Parsvnath Developers Limited has informed the Exchange about Intimation of 3rd Meeting of Committee of Creditors (COC) of Parsvnath Developers Limited.
2026-08-13 - Parsvnath Developers Limited has informed the Exchange about reasons for Delayed/Non-submission of Financial Results for the quarter ended June 30, 2026
2026-08-08 - Please find attached List of Creditors as on 31.07.2026
2026-08-04 - Parsvnath Developers Limited has informed the Exchange regarding Resignation of Mr. Mukesh Chand Jain as Chief Financial Officer of the company w.e.f. August 03, 2026.
2026-08-04 - Parsvnath Developers Limited has informed the Exchange about Resignation of Director/KMP/SMP
2026-07-29 - Parsvnath Developers Limited has informed the Exchange regarding Resignation of Mr. Atul Kumar Gupta as Company Secretary & Compliance Officer of the company w.e.f. July 28, 2026.
2026-07-29 - Parsvnath Developers Limited has informed the Exchange about Resignation of Director/KMP/SMP
2026-07-23 - Parsvnath Developers Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018,please find attached herewith Reconciliation of Share Capital Audit Report obtained from M/s Rimpi Jain & Associates, Company Secretaries for the quarter ended June 30, 2026.
News
Recent coverage and analyst commentary for PARSVNATH
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