PSP Projects Ltd.
•Add ratio to table
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
- Promoters have been increasing their shareholding - up 8.7pp over 2 years
- Company has delivered good sales growth of 19.2% CAGR over last 5 years
- Working capital cycle has improved - days down from 97 to 73
- Company maintains a comfortable, low leverage position
CONS
- Receivables are growing faster than sales - a possible quality concern
- A large part of profit comes from other income (30.7% of PBT)
- Company has a low return on equity of 8.0% over last 3 years
- Company has a low return on capital employed of 11.7%
- Company has delivered a poor profit growth of -8.3% over past five years
- Contingent liabilities are large at 59.6% of net worth
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| DLF | 670.00 | 37.30 | 165845.88 | 1.19 | 793.90 | -89.59 | 1280.34 | -52.87 | 6.81 | 49.68 |
| LODHA | 1211.80 | 29.35 | 121085.87 | 0.35 | 1373.10 | 103.39 | 4996.70 | 43.10 | 16.89 | 38.51 |
| PHOENIXLTD | 1930.00 | 53.93 | 69031.83 | 0.13 | 394.51 | 22.95 | 1074.94 | 12.80 | 13.70 | 59.77 |
| OBEROIRLTY | 1877.50 | 25.96 | 68266.32 | 0.43 | 543.51 | 29.02 | 1300.89 | 31.73 | 17.69 | 56.75 |
| PRESTIGE | 1579.00 | 59.72 | 68012.30 | 0.13 | 271.40 | -12.87 | 2675.10 | 15.94 | 11.51 | 31.75 |
| GODREJPROP | 1960.00 | 36.90 | 59040.39 | 0.51 | 349.38 | -41.61 | 506.17 | 16.48 | 8.37 | -57.98 |
| ANANTRAJ | 587.90 | 36.57 | 21157.16 | 0.17 | 149.19 | 18.50 | 631.40 | 6.58 | 12.23 | 29.53 |
| BRIGADE | 639.90 | 30.04 | 20877.33 | 0.23 | 216.94 | 37.35 | 1115.55 | -12.93 | 11.02 | 32.33 |
| ABREL | 1331.60 | 112.46 | 14873.40 | 0.19 | -34.59 | -27.73 | 188.85 | 30.95 | -4.54 | -30.02 |
| SOBHA | 1230.00 | 57.04 | 13155.32 | 0.49 | 50.85 | 273.37 | 1278.15 | 50.03 | 6.96 | 6.07 |
| SIGNATURE | 765.70 | 10.32 | 10772.33 | 0.00 | -16.53 | -148.00 | 551.99 | -36.24 | 7.49 | -8.10 |
| PSPPROJECT | 859.70 | 46.41 | 3408.00 | 0.00 | 18.34 | 4236.41 | 853.47 | 64.84 | 7.82 | 6.42 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 510 | 607 | 697 | 649 | 612 | 578 | 623 | 655 | 513 | 694 | 771 | 1,012 | 785 | |
| 445 | 533 | 625 | 597 | 538 | 539 | 588 | 625 | 488 | 646 | 719 | 957 | 765 | |
| Operating Profit | 65 | 74 | 71 | 52 | 73 | 39 | 35 | 30 | 24 | 48 | 52 | 55 | 51 |
| OPM % | 12.69% | 12.15% | 10.26% | 7.98% | 12.00% | 6.72% | 5.67% | 4.65% | 4.77% | 6.93% | 6.73% | 5.44% | 6.43% |
| Other Income | 6 | 6 | 7 | 6 | 4 | 5 | 4 | 5 | 4 | 4 | 4 | 9 | 4 |
| Interest | 9 | 12 | 15 | 14 | 13 | 11 | 10 | 10 | 11 | 12 | 11 | 11 | 8 |
| Depreciation | 12 | 14 | 19 | 20 | 17 | 18 | 19 | 19 | 17 | 20 | 24 | 26 | 23 |
| 49 | 53 | 44 | 24 | 47 | 15 | 10 | 6 | 0 | 21 | 21 | 26 | 24 | |
| Tax % | 25.70% | 25.60% | 26.06% | 36.06% | 27.53% | 25.17% | 40.16% | 18.32% | 53.66% | 27.63% | 24.99% | 20.16% | 36.84% |
| Net Profit | 37 | 39 | 33 | 15 | 34 | 11 | 6 | 5 | 0 | 15 | 16 | 21 | 15 |
| 10 | 11 | 9 | 4 | 9 | 3 | 2 | 1 | 0 | 4 | 4 | 5 | 0 | |
| Equity Capital | 36 | 36 | 36 | 36 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 | 40 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 401 | 730 | 1,044 | 1,499 | 1,241 | 1,749 | 1,927 | 2,462 | 2,468 | 2,989 | 3,262 | |
| 335 | 629 | 895 | 1,308 | 1,106 | 1,492 | 1,702 | 2,201 | 2,290 | 2,810 | 3,087 | |
| Operating Profit | 79 | 120 | 172 | 216 | 152 | 278 | 252 | 286 | 195 | 201 | — |
| OPM % | 20 | 16 | 16 | 14 | 12 | 16 | 13 | 12 | 8 | 7 | — |
| Other Income | 13 | 18 | 23 | 25 | 17 | 21 | 27 | 24 | 17 | 21 | 21 |
| Interest | 8 | 9 | 9 | 15 | 15 | 26 | 32 | 51 | 44 | 45 | 42 |
| Depreciation | 8 | 11 | 24 | 27 | 26 | 32 | 40 | 65 | 73 | 87 | 93 |
| 64 | 100 | 139 | 174 | 109 | 219 | 180 | 170 | 78 | 69 | 92 | |
| Tax % | 35 | 36 | 35 | 26 | 26 | 26 | 26 | 27 | 28 | 24 | 27 |
| Net Profit | 42 | 64 | 90 | 129 | 81 | 162 | 133 | 124 | 56 | 52 | 67 |
| EPS | 0 | 0 | 0 | 0 | 22 | 45 | 37 | 34 | 14 | 13 | — |
| Dividend Payout % | 17 | 28 | 20 | 14 | 18 | 11 | 7 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | 14 | 18 | 25 | 36 | 22 | 45 | 37 | 34 | 14 | 13 | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 21%
- 5 Years:
- 19%
- 3 Years:
- 16%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 8%
- 5 Years:
- -8%
- 3 Years:
- -27%
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- 14%
- 3 Years:
- 2%
- 1 Year:
- 19%
RETURN ON EQUITY
- 10 Years:
- 22%
- 5 Years:
- 14%
- 3 Years:
- 8%
- Last Year:
- 4%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 29 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 40 | 40 |
| 78 | 267 | 335 | 421 | 502 | 649 | 764 | 879 | 1,169 | 1,221 | |
| 64 | 20 | 26 | 71 | 78 | 82 | 107 | 360 | 219 | 274 | |
| Trade Payables | 69 | 121 | 158 | 216 | 257 | 258 | 368 | 416 | 411 | 401 |
| 72 | 138 | 170 | 209 | 108 | 232 | 470 | 314 | 471 | 991 | |
| Total Liabilities | 313 | 582 | 726 | 953 | 981 | 1,257 | 1,744 | 2,004 | 2,310 | 2,927 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 51 | 77 | 103 | 108 | 116 | 207 | 240 | 322 | 307 | 413 | |
| Capital Work in Progress | 0 | 2 | 0 | 0 | 42 | 0 | 18 | 3 | 3 | 1 |
| 22 | 20 | 4 | 4 | 1 | 1 | 1 | 1 | 1 | 4 | |
| 3 | 34 | 75 | 97 | 89 | 81 | 152 | 316 | 323 | 344 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 335 | 528 | 840 | |
| Cash & Bank | 102 | 223 | 222 | 197 | 229 | 195 | 242 | 225 | 208 | 413 |
| 136 | 227 | 321 | 548 | 505 | 773 | 1,092 | 802 | 941 | 911 | |
| Total Assets | 313 | 582 | 726 | 953 | 981 | 1,257 | 1,744 | 2,004 | 2,310 | 2,927 |
| Total Debt | 68 | 22 | 26 | 75 | 81 | 100 | 145 | 455 | 272 | 317 |
| Net Working Capital | -7 | 132 | 174 | 194 | 242 | 256 | 358 | 453 | 658 | 596 |
| Contingent Liabilities | 118 | 258 | 340 | 404 | 367 | 488 | 827 | 808 | 902 | 752 |
| Book Value per Share | 36.35 | 84.07 | 103.16 | 126.98 | 149.44 | 190.20 | 222.17 | 254.06 | 304.91 | 317.98 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 13 | 70 | 28 | 19 | 71 | 120 | 43 | -227 | 55 | 337 | |
| Cash from Investing | -19 | -122 | -34 | -11 | 5 | -141 | -48 | -25 | -106 | -168 |
| Cash from Financing | 17 | 81 | -22 | -2 | -2 | -8 | 12 | 269 | 20 | 8 |
| 11 | 29 | -28 | 6 | 74 | -28 | 6 | 17 | -31 | 178 | |
| Free Cash Flow | 8 | 31 | -19 | -12 | -1 | 46 | -46 | -355 | 15 | 170 |
| OCF / Net Profit | 0.32 | 1.09 | 0.31 | 0.15 | 0.88 | 0.74 | 0.32 | -1.83 | 0.97 | 6.45 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 6 | 45 | -32 | -367 | -340 | -170 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | ||||||||||
| EPS (₹) | 14.45 | 17.88 | 25.07 | 35.91 | 22.44 | 45.11 | 36.95 | 34.42 | 14.24 | 13.19 |
| Book Value (₹) | 36.35 | 84.07 | 103.16 | 126.98 | 149.44 | 190.20 | 222.17 | 254.06 | 304.91 | 317.98 |
| Dividend per Share (₹) | 2.50 | 5.00 | 5.00 | 5.00 | 4.00 | 5.00 | 2.50 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | 17.07 | 20.98 | 31.80 | 43.32 | 29.56 | 54.02 | 48.06 | 52.44 | 32.57 | 35.02 |
| PROFITABILITY | ||||||||||
| Operating Margin % | 19.79% | 16.41% | 16.47% | 14.39% | 12.23% | 15.88% | 13.09% | 10.62% | 7.21% | 6.00% |
| Net Margin % | 10.38% | 8.82% | 8.64% | 8.62% | 6.51% | 9.29% | 6.90% | 5.03% | 2.29% | 1.75% |
| ROE % | 48.66% | 31.60% | 26.77% | 31.20% | 16.24% | 26.56% | 17.92% | 14.45% | 5.32% | 4.24% |
| ROCE % | 50.55% | 43.72% | 40.92% | 40.68% | 21.44% | 35.02% | 24.53% | 19.10% | 8.61% | 7.46% |
| 15.38% | 14.38% | 13.80% | 15.40% | 8.35% | 14.51% | 8.86% | 6.61% | 2.62% | 2.00% | |
| EFFICIENCY | ||||||||||
| Debtor Days | 29 | 42 | 45 | 45 | 66 | 56 | 71 | 57 | 64 | 84 |
| Inventory Days | 3 | 9 | 19 | 21 | 27 | 18 | 22 | 35 | 47 | 41 |
| Payable Days | 199 | 129 | 124 | 128 | 218 | 188 | 198 | 187 | 187 | 137 |
| -167 | -77 | -59 | -62 | -125 | -114 | -105 | -95 | -76 | -13 | |
| FINANCIAL HEALTH | ||||||||||
| Debt to Equity (x) | 0.65x | 0.07x | 0.07x | 0.16x | 0.15x | 0.15x | 0.18x | 0.50x | 0.22x | 0.25x |
| Interest Coverage (x) | 9.53x | 12.48x | 16.12x | 12.92x | 8.40x | 9.31x | 6.64x | 4.35x | 2.77x | 2.52x |
| 0.96x | 1.47x | 1.49x | 1.39x | 1.54x | 1.45x | 1.39x | 1.43x | 1.59x | 1.36x | |
| GROWTH | ||||||||||
| Revenue Growth % | -12.49% | 82.11% | 43.05% | 43.61% | -17.23% | 40.93% | 10.17% | 27.81% | 0.23% | 21.11% |
| Operating Profit Growth % | 60.15% | 50.96% | 43.56% | 25.49% | -29.67% | 83.06% | -9.24% | 13.41% | -31.69% | 2.74% |
| Net Profit Growth % | 65.57% | 54.69% | 40.19% | 43.25% | -37.50% | 101.02% | -18.09% | -6.86% | -54.43% | -7.39% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -6.86% | -58.62% | -7.39% | |
| VALUATION | ||||||||||
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 19.94x | 44.40x | 43.98x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 2.70x | 2.07x | 1.82x |
| 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 | 9.44x | 13.16x | 10.98x |
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-08-05 - PSP Projects Limited has informed the Exchange about Transcript
2026-07-30 - PSP Projects Limited has informed the Exchange about Link of Recording
2026-07-30 - PSP Projects Limited has informed the Exchange about Investor Presentation
2026-07-30 - PSP Projects Limited has submitted to the Exchange, the outcome of board meeting along with financial results for the period ended Jun 30, 2026.
2026-07-21 - PSP Projects Limited has informed the Exchange about Copy of Newspaper Publication of Notice to the Equity Shareholders of the Company for transfer of Equity Shares to the Investors Education & Protection Fund (IEPF)
2026-07-11 - PSP Projects Limited has informed the Exchange regarding 'Disclosure under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ( SEBI Listing Regulations ) ESG Rating'.
2026-07-09 - PSP Projects Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
2026-07-09 - PSP Projects Limited has informed the Exchange about Schedule of meet
2026-06-30 - PSP Projects Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on Jun 27, 2026. Further, the company has informed the Exchange regarding voting results.
News
Recent coverage and analyst commentary for PSPPROJECT
Loading news…
AI Stock Analyst
PSP Projects Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account