PSP Projects Ltd - Stock Valuation and Financial Performance

BSE: 540544 | NSE: PSPPROJECT | Construction - Real Estate | Small Cap

PSP Projects Share Price

674 -52.50 -7.23%
as on 12-Apr'24 10:20

DeciZen - make an informed investing decision on PSP Projects

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

PSP Projects stock performance -

mw4me loader
P/E Ratio (SA):
16.88
Market Cap:
2,615.4 Cr.
52-wk low:
598
52-wk high:
846

Is PSP Projects Ltd an attractive stock to invest in?

1. Is PSP Projects Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that PSP Projects Ltd is a good quality company.

2. Is PSP Projects Ltd undervalued or overvalued?

The key valuation ratios of PSP Projects Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is PSP Projects Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of PSP Projects Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of PSP Projects:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
PSP Projects Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 22.5%22.1%28.6%33.4%28.6%26.7%29.6%16.4%25.6%18.1%-
Value Creation
Index
0.60.61.01.41.00.91.10.20.80.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 2102804584017301,0441,4991,2411,7491,9272,541
Sales YoY Gr.-33.3%63.3%-12.5%82.1%43.1%43.6%-17.2%40.9%10.2%-
Adj EPS 125.8173.579.114.818.12535.423.444.837.343
YoY Gr.-37.9%-54.4%-81.3%22.9%37.8%41.7%-33.9%91.8%-16.9%-
BVPS (₹) 434.9586.5207.236.484.1103.2127149.4190.2222.2249.9
Adj Net
Profit
10.113.925.342.565.289.912784.2161134155
Cash Flow from Ops. 19.53041.113.27027.71970.812043.1-
Debt/CF from Ops. 1.31.11.15.20.313.91.10.83.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 27.9%21.4%8.7%10.2%
Adj EPS -12.6%15.5%1.8%-16.9%
BVPS-7.2%21.5%20.5%16.8%
Share Price - 7.2% 17.4% -3.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
32.83444.74931.926.730.816.926.418.118.2
Op. Profit
Mgn %
888.716.814.114.312.71114.711.811.3
Net Profit
Mgn %
4.855.510.68.98.68.56.89.276.1
Debt to
Equity
0.80.70.70.70.10.10.20.20.20.2-
Working Cap
Days
646242869911512718215119997
Cash Conv.
Cycle
-46-45-42-44-481415112625

Recent Performance Summary

Sales growth is good in last 4 quarters at 47.23%

Return on Equity has declined versus last 3 years average to 18.20%

Sales growth has been subdued in last 3 years 8.72%

Net Profit has been subdued in last 3 years 1.76%

Latest Financials - PSP Projects Ltd.

Standalone Consolidated
TTM EPS (₹) 43 42.6
TTM Sales (₹ Cr.) 2,541 2,568
BVPS (₹.) 249.9 249.9
Reserves (₹ Cr.) 864 863
P/BV 2.91 2.91
PE 16.88 17.04
From the Market
52 Week Low / High (₹) 598.00 / 846.00
All Time Low / High (₹) 189.05 / 846.00
Market Cap (₹ Cr.) 2,615
Equity (₹ Cr.) 36
Face Value (₹) 10
Industry PE 82.1

Management X-Ray of PSP Projects:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of PSP Projects

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales2102804584017301,0441,4991,2411,7491,927
Operating Expenses 1942584193356298951,3081,1061,4921,702
Manufacturing Costs9797201176318426694638894998
Material Costs80132190127270413535396500577
Employee Cost 781115233551445673
Other Costs 10221617172128284354
Operating Profit 17223966101149191135257225
Operating Profit Margin (%) 8.0%8.0%8.6%16.5%13.9%14.3%12.7%10.9%14.7%11.7%
Other Income 471013182325172127
Interest 22389915152632
Depreciation 4578112427263240
Exceptional Items 0000000-300
Profit Before Tax 15213964100139174109219180
Tax 571423364845285747
Profit After Tax 10142542649012981162133
PAT Margin (%) 4.8%5.0%5.5%10.4%8.8%8.6%8.6%6.5%9.3%6.9%
Adjusted EPS (₹)3.54.98.714.517.925.135.922.445.137.0
Dividend Payout Ratio (%)16%5%19%17%28%20%14%18%11%7%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 354766107303371457538685800
Share Capital 11329363636363636
Reserves 34466378267335421502649764
Minority Interest0000000000
Debt253344661925727183113
Long Term Debt101320431738
Short Term Debt25334362182568686675
Trade Payables40636969121158216257258368
Others Liabilities 36434871139171208116232464
Total Liabilities 1361862283135827269539811,2571,744

Fixed Assets

Gross Block31517782120169200229345416
Accumulated Depreciation12182532436592113138177
Net Fixed Assets1933525177103108116207240
CWIP 000020042018
Investments 91318222044111
Inventories24433475978981152
Trade Receivables14241053116143224222312434
Cash Equivalents 6885106102223222197229195242
Others Assets25273783111179324283462658
Total Assets 1361862283135827269539811,2571,744

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 203041137028197112043
PBT 15213964100139174109219180
Adjustment 1100-2912232731
Changes in Working Capital 81514-3713-72-112-36-62-112
Tax Paid -5-7-12-14-41-48-56-24-64-57
Cash Flow From Investing Activity -41-26-43-19-122-34-115-141-48
Capex -4-20-26-6-48-39-33-79-75-79
Net Investments -41-11-27-10-89-11368-1093
Others 469-3151618164327
Cash Flow From Financing Activity 9431781-22-2-2-812
Net Proceeds from Shares 000014200000
Net Proceeds from Borrowing -11013-1-2562137
Interest Paid -1-1-2-6-5-4-7-8-12-16
Dividend Paid -1-2-60-11-18-360-14-18
Others 2381019-453360-29
Net Cash Flow -12801129-28674-286
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)32.8134.444.3948.6631.626.7731.216.2426.5617.92
ROCE (%)34.133.6644.2750.5543.7240.9240.6821.4435.0224.53
Asset Turnover Ratio1.781.742.211.481.631.61.791.281.561.28
PAT to CFO Conversion(x)22.141.640.311.090.310.150.880.740.32
Working Capital Days
Receivable Days22241429424545665671
Inventory Days343391921271822
Payable Days173143127199129124128218188198

PSP Projects Ltd Stock News

PSP Projects Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of PSP Projects on 12-Apr-2024 10:20 is ₹674.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Apr-2024 10:20 the market cap of PSP Projects stood at ₹2,615.4.
The latest P/E ratio of PSP Projects as of 12-Apr-2024 10:20 is 16.88.
The latest P/B ratio of PSP Projects as of 12-Apr-2024 10:20 is 2.91.
The 52-week high of PSP Projects is ₹846.0 and the 52-week low is ₹598.0.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of PSP Projects is ₹2,541 ( Cr.) .

About PSP Projects Ltd

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