Puravankara Ltd - Stock Valuation and Financial Performance

BSE: 532891 | NSE: PURVA | Construction - Real Estate | Small Cap

Puravankara Share Price

209.70 -5.50 -2.56%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Puravankara

Overall Rating
Bole Toh

1. Quality

2. Valuation

Overvalued

3. Price Trend

Puravankara stock performance -

mw4me loader
P/E Ratio (SA):
78.28
Market Cap:
4,973 Cr.
52-wk low:
60.3
52-wk high:
269.2

Is Puravankara Ltd an attractive stock to invest in?

1. Is Puravankara Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Puravankara Ltd is a average quality company.

2. Is Puravankara Ltd undervalued or overvalued?

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

3. Is Puravankara Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Puravankara Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Puravankara:

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.
Puravankara Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 7.8%6.6%6.5%7.1%5.6%6.8%5.6%4.6%5.4%7%-
Value Creation
Index
-0.4-0.5-0.5-0.5-0.6-0.5-0.6-0.7-0.6-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 9231,2021,0169768871,4731,272565730648924
Sales YoY Gr.-30.3%-15.5%-3.9%-9.2%66.1%-13.6%-55.6%29.2%-11.2%-
Adj EPS 4.53.63.643.33.91.3-0.42.14.62.7
YoY Gr.--19.5%0.8%10.2%-18%18.9%-66.4%-128.2%NA114%-
BVPS (₹) 76.478.180.183.28469.569.669.176.275.977
Adj Net
Profit
10685.486.294.877.892.431.1-8.750.810964
Cash Flow from Ops. 85.529135.8-160173-97.328336838347.3-
Debt/CF from Ops. 17.55.250.4-9.710.6-22.37.553.936.4-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -3.9%-6.1%-20.1%-11.2%
Adj EPS 0.3%6.9%51.8%114%
BVPS-0.1%-2%2.9%-0.4%
Share Price 12.2% 23.2% 43.4% 233.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
6.34.74.64.93.95.11.9-0.5363.5
Op. Profit
Mgn %
3322.124.330.219.621.320.732.640.711.116.3
Net Profit
Mgn %
11.57.18.59.78.86.32.4-1.5716.86.9
Debt to
Equity
0.80.810.80.91.31.31.10.81-
Working Cap
Days
1,1431,0321,3341,6282,0561,3721,6383,5352,7423,2761,202
Cash Conv.
Cycle
8247018681,1421,3932,2551,1134,1241,8572,540168

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 3.50%

Net Profit is growing at healthy rate in last 3 years 51.77%

Debt to equity has declined versus last 3 years average to 0.96

Sales growth is good in last 4 quarters at 117.99%

Sales growth has been subdued in last 3 years -20.13%

Latest Financials - Puravankara Ltd.

Standalone Consolidated
TTM EPS (₹) 2.7 3.2
TTM Sales (₹ Cr.) 924 1,654
BVPS (₹.) 77 86
Reserves (₹ Cr.) 1,708 1,920
P/BV 2.72 2.44
PE 78.28 65.86
From the Market
52 Week Low / High (₹) 60.32 / 269.15
All Time Low / High (₹) 25.60 / 535.00
Market Cap (₹ Cr.) 4,973
Equity (₹ Cr.) 118.6
Face Value (₹) 5
Industry PE 76.7

Management X-Ray of Puravankara:

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

Login/Register to view analysis.

Analyst's Notes

Key Ratios of Puravankara

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
Sales9231,2021,0169768871,4731,272565730648
Operating Expenses 6189367696827141,1611,010382434577
Manufacturing Costs111614407340282248156360591
Material Costs4117055458718666853359-153-331
Employee Cost 68797067738488708199
Other Costs 12913614012111512814197146217
Operating Profit 30526624729517331226218329772
Operating Profit Margin (%) 33.0%22.1%24.3%30.2%19.5%21.2%20.6%32.4%40.6%11.1%
Other Income 54157756105675167211253
Interest 211192204232182238256252191188
Depreciation 6111110910121198
Exceptional Items 0000000000
Profit Before Tax 141781101098713245-14307128
Tax 35-72414104014-414114
Profit After Tax 106858695779231-10166114
PAT Margin (%) 11.5%7.1%8.5%9.7%8.7%6.2%2.4%-1.7%22.7%17.6%
Adjusted EPS (₹)4.53.63.64.03.33.91.3-0.47.04.8
Dividend Payout Ratio (%)43%43%22%56%49%26%0%0%71%0%

Balance Sheet

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

Equity and Liabilities

Shareholders Fund 1,8111,8511,8991,9731,9931,6481,6501,6391,8061,799
Share Capital 119119119119119119119119119119
Reserves 1,6921,7321,7801,8551,8741,5291,5321,5211,6871,681
Minority Interest0000000000
Debt1,2581,2351,677846625823767788715702
Long Term Debt586616933229137255458020358
Short Term Debt672619744616488568722708513644
Trade Payables134210205201283312356367221271
Others Liabilities 8941,0538291,9852,5313,3682,9552,8703,0473,826
Total Liabilities 4,0964,3494,6105,0055,4326,1505,7285,6655,7896,598

Fixed Assets

Gross Block1221435757585898928882
Accumulated Depreciation4658615232555626355
Net Fixed Assets77865042353343302528
CWIP 010033330030
Investments 573929334346637046278
Inventories2,2182,2962,6873,4603,4474,5014,0434,0574,3004,738
Trade Receivables242313220293166120153163144347
Cash Equivalents 1361272007581787298134186
Others Assets1,3661,4871,4221,1021,6261,3401,3541,2461,1371,020
Total Assets 4,0964,3494,6105,0055,4326,1505,7285,6655,7896,598

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 8629136-160173-9728336838347
PBT 14177861098713245-14307128
Adjustment 167189168130721632352125-5
Changes in Working Capital -19842-207-36624-37717163112-54
Tax Paid -24-18-11-33-11-15-138-41-21
Cash Flow From Investing Activity 1-64-19556-2154043202180114
Capex -10-8-4402-1-5-3-1818
Net Investments 4320-1-1027-13-3-14-17
Others 7-89-15155-2051859206187113
Cash Flow From Financing Activity -158-23758-5134880-302-558-526-68
Net Proceeds from Shares 192000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -211-190-200-234-183-230-244-173-192-178
Dividend Paid -34-53-37-19-57-46-2500-119
Others -1066295-261288356-33-385-334228
Net Cash Flow -72-1175-11752324123893
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)6.254.664.594.893.895.041.85-0.599.646.34
ROCE (%)10.848.088.879.447.329.687.946.5614.679.27
Asset Turnover Ratio0.240.280.230.20.170.250.210.10.130.1
PAT to CFO Conversion(x)0.813.420.42-1.682.25-1.059.13N/A2.310.41
Working Capital Days
Receivable Days9184969694353910277138
Inventory Days7896858951,1491,4229851,2262,6162,0892,545
Payable Days107891398514741632292,249-699-272

Puravankara Ltd Stock News

Puravankara Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Puravankara on 28-Mar-2024 16:01 is ₹209.7.
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 28-Mar-2024 16:01 the market cap of Puravankara stood at ₹4,973.
The latest P/E ratio of Puravankara as of 28-Mar-2024 16:01 is 78.28.
The latest P/B ratio of Puravankara as of 28-Mar-2024 16:01 is 2.72.
The 52-week high of Puravankara is ₹269.1 and the 52-week low is ₹60.32.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Puravankara is ₹924.0 ( Cr.) .

About Puravankara Ltd

Puravankara Projects was incorporated as Puravankara Constructions Private Limited in 1986 in Mumbai. The name of the company was later changed to Puravankara Projects Limited and the status of company was changed to a public limited company on July 10, 1992.

The company is a part of Purvankara Group. The Group was established in 1975 by Ravi Puravankara, in response to the growing need for quality housing and commercial space in the metropolitan cities of India. Since then, the Group has grown to be one of the leading real estate developer of the country, serving the needs of a discerning clientele.

The Puravankara Group with over 33 years of excellence in the upper end of the housing sector across various regions of the Country has projects in Bangalore, Chennai, Kochi, Coimbatore, Hyderabad, Mysore and Colombo. It also has a presence in Dubai in the UAE and business representatives in the United Kingdom and the United States.

With a land bank of over 125 million sq ft, the Group has above 20 million sq ft of residential and commercial space currently under construction. Included in this are on-going residential projects amounting to 13.50 million sq ft which comprise of 7,800 homes.

In 2005, it entered into a joint venture with Keppel Investment Mauritius Private Limited. Now it owns 49% of the shares of Keppel Puravankara Development Private Limited.

On December 15, 2006, The company  entered into MOUs for the purchase of lands or for execution of joint developments agreements with respect to parcels of land located in and around Bangalore and Chennai aggregating approximately 76.23 million sq.ft.

By 2007 it had completed 14 residential projects and one commercial project covering approximately 3.77 million sq. ft. of saleable area. Ongoing projects aggregate approximately 12.20 million sq. ft. of saleable area. It is constructing 14 residential and one commercial project aggregating approximately 10.98 million sq. ft. of saleable area and Keppel Puravankara Development, is constructing two residential projects

The completed projects of the company include:

  • Purva Riviera on Airport Road, Marathahalli
  • Purva Carnation MG Road. Cox Town
  • Purva Pavilion at Hebbal, Bangalore
  • Purva Heights in South Bangalore
  • Purva Park at Cox Town
  • Uran Park – Mumbai
  • Whitefield Bougainvilla, England

Divisions In addition to construction division it also has ‘interior works and modifications’ division that caters to any modifications required by its customers for their apartments.

Subsidiaries of the company

  • Prudential Housing and Infrastructure Development Limited was incorporated on November 3, 1999 is engaged in the business of real estate development.
  • Purva Marine Properties Private Limited was incorporated on February 2, 2006 in Bangalore.
  • Centurion Housing and Constructions Private Limited was incorporated on June 13, 1996 in Chennai.
  • Purva Realities Private Limited was incorporated on May 10, 2006 in Karnataka.
  • Purva Corporation was incorporated under the International Business Companies Act of the British Virgin Islands on June 2, 2005.
  • Melmont Construction Private Limited was incorporated on October 4, 2004 in Karnataka.
  • Puravankara Projects Lanka (Private) Limited was incorporated on December 6, 2005 in Sri Lanka.

Achievements/ Recognition

  • An ISO 9001 certified company by DNV since 1998
  • Puravankara Projects is CRISIL rated-outstanding-Developer in India with a DA2+ rating
  • It was awarded the Finaliste, international Prix d’ Excellence - 1998 for its project ‘Purva Park’ in Bangalore

2010

Best Urban Design & Master Planning award for Purva Fountainsquare at the Construction Source Felicitation Award Ceremony, 2010.

2011


Developer of the year award : Residential - Popular Choice at Realty Plus Excellence Awards 2012.
Pathfinders Award for the Most Enterprising CXO for Mr. Jackbastian K Nazareth at Realty Plus Excellence Awards 2012.
Residential Lifetime Achievers’ Award for Outstanding Contribution to Real Estate Sector for Mr. Ravi Puravankara at Realty Plus Awards 2012.

2012


Mid-Range Housing project of the year award for Purva Venezia at Bangalore Real Estate Awards 2012.

2013


Most Admired Upcoming Project of the Year at the ET Now Awards for Retail Excellence.
Affordable Housing of the year for Provident Welworth City at the Realty Plus Excellence Awards 2013.
April - Provident Welworthcity at the CREDAI Real Estate Awards for Best Residential Dwellings above 1500 sq. ft.
Enterprising CEO of the year for Jackbastian Nazareth at the ET Now Awards for Retail Excellence.
Most Admired Upcoming Project of the Year at the ET Now Awards for Retail Excellence
Young Achiever’s Award for Ashish Puravankara at the ET Now Awards for Retail Excellence.
Popular Choice - Affordable Housing of the Year for Purva Welworthcity at the ET Now Awards for Retail Excellence.
Environment Friendly Project of the Year (Residential) for Purva Highland at the ET Now Awards for Retail Excellence.
Affordable Housing of the year for Provident Welworth City at the Realty Plus Excellence Awards 2013.
Provident Welworthcity at the CREDAI Real Estate Awards for Best Residential Dwellings above 1500 sq. ft.

Read More Read Less
You have 2 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.