PSP Projects
PSPPROJECT NSE
PSP Projects
ConstructionNSE: PSPPROJECT BSE: 540544 Civil Construction
Key Fundamentals
MicrocapCivil ConstructionConstructionMarket Cap
₹3,383 Cr
Volatility
Moderate
P/E Ratio
45.68
EBITDA
₹206 Cr
Return on Equity
4.4%
Debt to Equity
0.26
Book Value
₹318.84
EPS
₹30.22
52W High
₹1,143
52W Low
₹569.2
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
3- Company is expected to give good quarter
- Company's median sales growth is 27.3% of last 10 years
- Company's working capital requirements have reduced from 39.7 days to 21.2 days
Weaknesses
4- Stock is trading at 2.65 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 7.52% over last 3 years.
- Debtor days have increased from 78.1 to 108 days.
Growth Rate
Revenue Growth
25.16% higher than
3Y
Net Income Growth
-4.14% higher than
3Y
Cash Flow Change
512% higher than
3Y
ROE
-8.14% lower than
3Y
ROCE
-8.72% higher than
3Y
EBITDA Margin (Avg.)
-16.2% higher than
3Y
Quarterly Results
| Particulars | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 514 | 620 | 705 | 668 | 623 | 586 | 630 | 673 | 518 | 703 | 813 | 1,115 | 853 |
| Expenses | 447 | 547 | 635 | 615 | 549 | 548 | 595 | 641 | 493 | 653 | 758 | 1,055 | 799 |
| Operating Profit | 66 | 72 | 70 | 53 | 74 | 38 | 36 | 32 | 25 | 50 | 55 | 60 | 55 |
| OPM % | 13% | 12% | 10% | 8% | 12% | 6% | 6% | 4.8% | 4.8% | 7% | 7% | 5% | 6% |
| Other Income | 6 | 6 | 6 | 6 | 4 | 5 | 4 | 5 | 4 | 4 | 4 | 5 | 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 |
| PBT | 51 | 52 | 42 | 25 | 48 | 14 | 10 | 8 | 1 | 22 | 24 | 27 | 28 |
| Tax % | 26% | 26% | 26% | 35% | 28% | 25% | 36% | 20% | 41% | 28% | 25% | 23% | 35% |
| Net Profit | 38 | 39 | 31 | 16 | 35 | 10 | 5 | 6 | 0 | 16 | 18 | 21 | 18 |
| EPS in Rs | 10.51 | 10.7 | 8.63 | 4.31 | 8.75 | 2.58 | 1.27 | 1.63 | 0.11 | 4.08 | 4.5 | 5.32 | 4.63 |
Profit & Loss
| Particulars | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 472 | 445 | 752 | 1,050 | 1,499 | 1,241 | 1,748 | 1,938 | 2,506 | 2,512 | 3,149 | 3,484 |
| Expenses | 438 | 378 | 646 | 901 | 1,308 | 1,106 | 1,490 | 1,708 | 2,245 | 2,329 | 2,958 | 3,265 |
| Operating Profit | 35 | 67 | 106 | 149 | 191 | 135 | 258 | 230 | 261 | 183 | 190 | 219 |
| OPM % | 7% | 15% | 14% | 14% | 13% | 11% | 15% | 12% | 10% | 7% | 6% | 6% |
| Other Income | 10 | 13 | 18 | 22 | 24 | 17 | 22 | 25 | 24 | 14 | 16 | 17 |
| Interest | 3 | 8 | 9 | 10 | 15 | 15 | 26 | 32 | 51 | 44 | 45 | 42 |
| Depreciation | 7 | 8 | 11 | 24 | 27 | 26 | 32 | 40 | 65 | 73 | 87 | 93 |
| PBT | 35 | 65 | 102 | 137 | 173 | 111 | 222 | 183 | 169 | 80 | 74 | 102 |
| Tax % | 37% | 36% | 36% | 35% | 26% | 25% | 25% | 26% | 27% | 27% | 25% | — |
| Net Profit | 23 | 42 | 66 | 89 | 128 | 81 | 167 | 132 | 123 | 56 | 56 | 73 |
| EPS in Rs | 71.34 | 14.41 | 18.2 | 24.84 | 35.69 | 22.65 | 46.29 | 36.65 | 34.16 | 14.23 | 14.01 | 18.53 |
| Div. Payout % | 21% | 17% | 27% | 20% | 14% | 18% | 11% | 7% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 29 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 40 | 40 |
| Reserves | 61 | 76 | 265 | 333 | 418 | 500 | 651 | 765 | 879 | 1,169 | 1,224 |
| Borrowings | 47 | 75 | 30 | 31 | 80 | 84 | 100 | 145 | 455 | 272 | 330 |
| Other Liabilities | 142 | 148 | 268 | 335 | 429 | 372 | 484 | 819 | 667 | 873 | 1,495 |
| Total Liabilities | 253 | 328 | 600 | 735 | 963 | 991 | 1,270 | 1,765 | 2,037 | 2,353 | 3,089 |
| Fixed Assets | 54 | 52 | 78 | 103 | 108 | 116 | 207 | 240 | 322 | 307 | 413 |
| CWIP | 0 | 0 | 2 | 0 | 0 | 42 | 0 | 18 | 3 | 3 | 1 |
| Investments | 14 | 18 | 16 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Other Assets | 185 | 258 | 504 | 631 | 854 | 833 | 1,062 | 1,507 | 1,711 | 2,042 | 2,674 |
| Total Assets | 253 | 328 | 600 | 735 | 963 | 991 | 1,270 | 1,765 | 2,037 | 2,353 | 3,089 |
Cash Flow
| Particulars | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 40 | -8 | 70 | 21 | 16 | 73 | 147 | 45 | -224 | 53 | 323 |
| Investing | -45 | -4 | -122 | -23 | -8 | 5 | -164 | -51 | -26 | -106 | -152 |
| Financing | 6 | 22 | 81 | -26 | -2 | -4 | -11 | 12 | 269 | 20 | 10 |
| Net Cash Flow | 1 | 11 | 29 | -27 | 6 | 74 | -28 | 6 | 19 | -33 | 180 |
| Free Cash Flow | 13 | -14 | 22 | -17 | -18 | -6 | 72 | -34 | -365 | -15 | 130 |
| CFO/OP | 154 | 10 | 106 | 46 | 37 | 72 | 82 | 44 | -68 | 58 | 195 |
Ratios
| Particulars | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 16 | 48 | 60 | 51 | 57 | 67 | 65 | 82 | 50 | 77 | 108 |
| Inventory Days | 17 | 8 | 43 | 66 | 66 | 82 | 60 | 96 | 147 | 145 | 107 |
| Days Payable | 145 | 174 | 160 | 140 | 148 | 237 | 189 | 231 | 194 | 186 | 143 |
| Cash Conversion Cycle | -112 | -118 | -58 | -22 | -25 | -88 | -64 | -53 | 3 | 35 | 71 |
| Working Capital Days | -100 | -112 | -55 | -16 | 0 | 3 | 13 | 22 | 33 | 65 | 21 |
| ROCE % | — | 50% | 44% | 40% | 40% | 22% | 35% | 25% | 19% | 9% | 8% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view PSP Projects insights
62 extracted metrics + investor summaries across FY12–FY27.
Documents
3
Appointment/Re-Appointment Of Internal Auditor, Cost Auditor And Statutory Auditor Of The Company.
30 Apr - Board approved internal and cost auditor reappointments for FY2026-27 and recommended G.K. Choksi as joint statutory auditor. 30 Apr - Board approved internal and cost auditor reappointments for FY2026-27 and recommended G.K. Choksi as joint statutory auditor.
4
Announcement under Regulation 30 (LODR)-Investor Presentation
30 Apr - Investor Presentation for the quarter and year ended March 31, 2026. 30 Apr - Investor Presentation for the quarter and year ended March 31, 2026.
5
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
30 Apr - Audio recording of Q4FY26 earnings conference call held April 30, 2026 for audited results. 30 Apr - Audio recording of Q4FY26 earnings conference call held April 30, 2026 for audited results.
Frequently Asked Questions about PSP Projects
What does PSP Projects Ltd do?
PSP Projects Limited is a construction company incorporated in August 2008 offering a diversified range of construction and allied services across industrial, institutional, government, government residential, and residential projects in India. The principal promoter, Mr. Prahalad S. Patel has ov...
Where is PSP Projects Ltd (PSPPROJECT) listed?
PSP Projects Ltd trades as PSPPROJECT on the NSE and under code 540544 on the BSE.
Which sector does PSP Projects Ltd belong to?
PSP Projects Ltd is classified under the Construction sector, in the Civil Construction industry.
What is the market capitalisation of PSP Projects Ltd?
PSP Projects Ltd has a market capitalisation of ₹3,383 Cr, which places it in the Small Cap band.
What is the PE ratio of PSP Projects Ltd?
PSP Projects Ltd trades at a PE ratio of 45.68, on earnings per share of ₹30.22, against a book value of ₹318.84 per share.
What is the 52-week high and low of PSP Projects Ltd?
Over the last 52 weeks PSP Projects Ltd has traded between ₹569.2 and ₹1,143.
Does PSP Projects Ltd pay dividends?
PSP Projects Ltd has a dividend yield of 0.29%.
What is the Return on Equity (ROE) of PSP Projects Ltd?
PSP Projects Ltd reported a return on equity of 4.40%. Its debt-to-equity ratio is 0.26.
Company Information
PSP Projects Limited is a construction company incorporated in August 2008 offering a diversified range of construction and allied services across industrial, institutional, government, government residential, and residential projects in India. The principal promoter, Mr. Prahalad S. Patel has over three decades of experience in the construction industry. [1] It is also engaged in the real estate development of two mid-scale projects in the USA through its subsidiaries [2]
Website pspprojects.com
CEO Ms. Pooja Prahaladbhai Patel
Employees 1,948
Listed 2017-05-29
Face Value ₹ 10
Issued Size 3,96,41,791
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