Puravankara Ltd - Stock Valuation and Financial Performance

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

Puravankara Share Price

392.60 6.20 1.60%
as on 11-Oct'24 14:52

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):
296.94
Market Cap:
9,163.5 Cr.
52-wk low:
127.1
52-wk high:
565

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'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 8.1%8.9%9.4%7.3%9.7%7.9%6.6%14.7%9.3%7.1%-
Value Creation
Index
-0.4-0.4-0.3-0.5-0.3-0.4-0.50.1-0.3-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,2021,0169768871,4731,2725647306481,1061,228
Sales YoY Gr.--15.5%-3.9%-9.2%66.1%-13.6%-55.7%29.5%-11.2%70.6%-
Adj EPS 3.63.643.33.91.3-0.42.11.71.41.3
YoY Gr.-0.8%10.2%-18%18.9%-66.4%-131.3%NA-18.7%-18.4%-
BVPS (₹) 78.180.183.28469.569.669.176.275.97170.4
Adj Net
Profit
85.486.294.877.892.431.1-9.650.841.333.831
Cash Flow from Ops. 29135.8-160173-97.328336838347.3855-
Debt/CF from Ops. 5.250.4-9.710.6-22.37.553.936.42.3-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -0.9%-5.6%25.2%70.6%
Adj EPS -9.8%-18.3%NA-18.4%
BVPS-1.1%0.4%0.9%-6.4%
Share Price 15% 46.5% 42.9% 186.4%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
4.74.64.93.95.11.9-0.632.31.91.8
Op. Profit
Mgn %
22.124.330.219.621.320.732.540.711.113.912.3
Net Profit
Mgn %
7.18.59.78.86.32.4-1.776.43.12.5
Debt to
Equity
0.810.80.91.31.31.10.811.2-
Working Cap
Days
1,0321,3341,6282,0561,3721,6383,5432,7423,2762,1441,006
Cash Conv.
Cycle
7018681,1421,3932,2551,1134,1301,8572,5401,60391

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 25.16%

Sales growth is good in last 4 quarters at 102.69%

Return on Equity has declined versus last 3 years average to 1.80%

Net Profit has been subdued in last 3 years 0.00%

Debt to equity has increased versus last 3 years average to 1.15

Latest Financials - Puravankara Ltd.

Standalone Consolidated
TTM EPS (₹) 1.3 3.2
TTM Sales (₹ Cr.) 1,228 2,520
BVPS (₹.) 70.4 79.9
Reserves (₹ Cr.) 1,550 1,776
P/BV 5.49 4.84
PE 296.94 121.76
From the Market
52 Week Low / High (₹) 127.10 / 565.00
All Time Low / High (₹) 25.60 / 565.00
Market Cap (₹ Cr.) 9,163
Equity (₹ Cr.) 118.6
Face Value (₹) 5
Industry PE 81.1

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

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Analyst's Notes

Key Ratios of Puravankara

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales1,2021,0169768871,4731,2725647306481,106
Operating Expenses 9367696827141,1611,010381434577952
Manufacturing Costs1614407340282248156360591784
Material Costs7055458718666853359-153-331-186
Employee Cost 797067738488708199126
Other Costs 13614012111512814196146217229
Operating Profit 26624729517331226218329772153
Operating Profit Margin (%) 22.1%24.3%30.2%19.5%21.2%20.6%32.4%40.6%11.1%13.9%
Other Income 157756105675167211253109
Interest 192204232182238256252191188222
Depreciation 11111091012119811
Exceptional Items 0000000000
Profit Before Tax 781101098713245-1430712829
Tax -72414104014-414114-4
Profit After Tax 858695779231-1016611434
PAT Margin (%) 7.1%8.5%9.7%8.7%6.2%2.4%-1.7%22.7%17.6%3.0%
Adjusted EPS (₹)3.63.64.03.33.91.3-0.47.04.81.4
Dividend Payout Ratio (%)43%22%56%49%26%0%0%71%0%445%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 1,8511,8991,9731,9931,6481,6501,6391,8061,7991,684
Share Capital 119119119119119119119119119119
Reserves 1,7321,7801,8551,8741,5291,5321,5211,6871,6811,565
Minority Interest0000000000
Debt1,2351,677846625823767788715702922
Long Term Debt616933229137255458020358187
Short Term Debt619744616488568722708513644735
Trade Payables210205201283312356367221271316
Others Liabilities 1,0538291,9852,5313,3682,9552,8703,0473,8264,808
Total Liabilities 4,3494,6105,0055,4326,1505,7285,6655,7896,5987,729

Fixed Assets

Gross Block143575758589892888288
Accumulated Depreciation5861523255562635540
Net Fixed Assets86504235334330252848
CWIP 100333300302
Investments 3929334346637046278351
Inventories2,2962,6873,4603,4474,5014,0434,0574,3004,7385,013
Trade Receivables313220293166120153163144347265
Cash Equivalents 1272007581787298134186422
Others Assets1,4871,4221,1021,6261,3401,3541,2461,1371,0201,628
Total Assets 4,3494,6105,0055,4326,1505,7285,6655,7896,5987,729

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity 29136-160173-9728336838347855
PBT 77861098713245-1430712829
Adjustment 189168130721632352125-5150
Changes in Working Capital 42-207-36624-37717163112-54710
Tax Paid -18-11-33-11-15-138-41-21-34
Cash Flow From Investing Activity -64-19556-2154043202180114-458
Capex -8-4402-1-5-3-1818-8
Net Investments 320-1-1027-13-3-1495-47
Others -89-15155-20518592061871-403
Cash Flow From Financing Activity -23758-5134880-302-558-526-68-99
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -190-200-234-183-230-244-173-192-178-198
Dividend Paid -53-37-19-57-46-2500-119-149
Others 6295-261288356-33-385-334228249
Net Cash Flow -1175-11752324123893298
PARTICULARSMar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)4.664.594.893.895.041.85-0.599.646.341.93
ROCE (%)8.088.879.447.329.687.946.5614.679.277.05
Asset Turnover Ratio0.280.230.20.170.250.210.10.130.10.15
PAT to CFO Conversion(x)3.420.42-1.682.25-1.059.13N/A2.310.4125.15
Working Capital Days
Receivable Days84969694353910277138101
Inventory Days6858951,1491,4229851,2262,6212,0892,5451,610
Payable Days891398514741632292,249-699-272-575

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 11-Oct-2024 14:52 is ₹392.6.
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 11-Oct-2024 14:52 the market cap of Puravankara stood at ₹9,163.5.
The latest P/E ratio of Puravankara as of 11-Oct-2024 14:52 is 296.9.
The latest P/B ratio of Puravankara as of 11-Oct-2024 14:52 is 5.49.
The 52-week high of Puravankara is ₹565.0 and the 52-week low is ₹127.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Puravankara is ₹1,228 ( 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.

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