Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹334, the stock trades at a trailing P/E ratio of 29.3x. Average trailing P/E is 26x in the Real Estate industry in India. Total returns to shareholders of 286% over the past three years. New Risk • Jun 14
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 75% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.7x net interest cover). Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₹4.82b market cap, or US$50.7m). Reported Earnings • May 31
Full year 2026 earnings released: EPS: ₹11.40 (vs ₹4.30 in FY 2025) Full year 2026 results: EPS: ₹11.40 (up from ₹4.30 in FY 2025). Revenue: ₹1.14b (up 186% from FY 2025). Net income: ₹198.9m (up 165% from FY 2025). Profit margin: 17% (down from 19% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 50% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹300, the stock trades at a trailing P/E ratio of 30.7x. Average trailing P/E is 25x in the Real Estate industry in India. Total returns to shareholders of 239% over the past three years. New Risk • May 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Market cap is less than US$100m (₹4.99b market cap, or US$52.4m). Anuncio • May 12
Pansari Developers Limited to Report Q4, 2026 Results on May 29, 2026 Pansari Developers Limited announced that they will report Q4, 2026 results on May 29, 2026 Valuation Update With 7 Day Price Move • May 12
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹268, the stock trades at a trailing P/E ratio of 27.5x. Average trailing P/E is 27x in the Real Estate industry in India. Total returns to shareholders of 195% over the past three years. Reported Earnings • Feb 19
Third quarter 2026 earnings released: EPS: ₹2.43 (vs ₹0.15 in 3Q 2025) Third quarter 2026 results: EPS: ₹2.43 (up from ₹0.15 in 3Q 2025). Revenue: ₹387.2m (up ₹345.2m from 3Q 2025). Net income: ₹42.4m (up ₹39.8m from 3Q 2025). Profit margin: 11% (up from 6.1% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 68% per year but the company’s share price has only increased by 49% per year, which means it is significantly lagging earnings growth. Anuncio • Feb 03
Pansari Developers Limited to Report Q3, 2026 Results on Feb 14, 2026 Pansari Developers Limited announced that they will report Q3, 2026 results at 9:08 AM, Indian Standard Time on Feb 14, 2026 Reported Earnings • Dec 14
Second quarter 2026 earnings released: EPS: ₹1.87 (vs ₹0.52 in 2Q 2025) Second quarter 2026 results: EPS: ₹1.87 (up from ₹0.52 in 2Q 2025). Revenue: ₹296.7m (up 213% from 2Q 2025). Net income: ₹32.6m (up 257% from 2Q 2025). Profit margin: 11% (up from 9.6% in 2Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has only increased by 52% per year, which means it is significantly lagging earnings growth. New Risk • Dec 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (currently running at an operating cash loss). Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (₹5.49b market cap, or US$61.1m). Valuation Update With 7 Day Price Move • Nov 18
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹320, the stock trades at a trailing P/E ratio of 52.2x. Average trailing P/E is 32x in the Real Estate industry in India. Total returns to shareholders of 255% over the past three years. Valuation Update With 7 Day Price Move • Aug 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹268, the stock trades at a trailing P/E ratio of 43.7x. Average trailing P/E is 36x in the Real Estate industry in India. Total returns to shareholders of 204% over the past three years. Anuncio • Aug 13
Pansari Developers Limited, Annual General Meeting, Sep 23, 2025 Pansari Developers Limited, Annual General Meeting, Sep 23, 2025. Reported Earnings • Aug 13
First quarter 2026 earnings released: EPS: ₹2.37 (vs ₹0.54 in 1Q 2025) First quarter 2026 results: EPS: ₹2.37 (up from ₹0.54 in 1Q 2025). Revenue: ₹189.1m (up 148% from 1Q 2025). Net income: ₹41.4m (up 340% from 1Q 2025). Profit margin: 22% (up from 12% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 37% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹255, the stock trades at a trailing P/E ratio of 59.3x. Average trailing P/E is 35x in the Real Estate industry in India. Total returns to shareholders of 167% over the past three years. New Risk • Jun 27
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risks Revenue is less than US$5m (₹400m revenue, or US$4.7m). Market cap is less than US$100m (₹3.98b market cap, or US$46.5m). New Risk • May 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks High level of debt (44% net debt to equity). Share price has been volatile over the past 3 months (8.6% average weekly change). Revenue is less than US$5m (₹335m revenue, or US$4.0m). Market cap is less than US$100m (₹3.17b market cap, or US$37.5m). Reported Earnings • Feb 16
Third quarter 2025 earnings released: EPS: ₹0.15 (vs ₹1.19 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.15 (down from ₹1.19 in 3Q 2024). Revenue: ₹48.0m (down 84% from 3Q 2024). Net income: ₹2.57m (down 88% from 3Q 2024). Profit margin: 5.3% (down from 6.8% in 3Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 22% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 07
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to ₹247, the stock trades at a trailing P/E ratio of 79.4x. Average trailing P/E is 30x in the Real Estate industry in India. Total returns to shareholders of 107% over the past three years. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹202, the stock trades at a trailing P/E ratio of 65.1x. Average trailing P/E is 35x in the Real Estate industry in India. Total returns to shareholders of 68% over the past three years. Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹199, the stock trades at a trailing P/E ratio of 64.2x. Average trailing P/E is 35x in the Real Estate industry in India. Total returns to shareholders of 40% over the past three years. Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: ₹0.52 (vs ₹0.47 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.52 (up from ₹0.47 in 2Q 2024). Revenue: ₹106.1m (up 77% from 2Q 2024). Net income: ₹9.12m (up 11% from 2Q 2024). Profit margin: 8.6% (down from 14% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Anuncio • Nov 15
Pansari Developers Limited Appoints Rajshree Somani as Company Secretary Pansari Developers Limited informed that Mrs. Priyanka Singh, the Company Secretary and Compliance Officer of the Company had resigned from her post with effect from 14' June,2024 and to fill the vacancy Mrs. Rajshree Somani, an Associate Member of The Institute of Company Secretaries of India having Membership No. A61410 is appointed as Company Secretary/Compliance Officer of the Company, effective 14th November 2024 pursuant to Section 203 of the Companies Act 2013 and Regulation 6(1) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulation, 2015. She is an Associate Member of the institute of Company Secretaries of India. She has thorough knowledge and experience on Corporate Legal Matters and Secretarial Services. Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. Additional Non Executive Director Shreya Agarwal was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Valuation Update With 7 Day Price Move • Oct 31
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹145, the stock trades at a trailing P/E ratio of 47.5x. Average trailing P/E is 30x in the Real Estate industry in India. Total returns to shareholders of 79% over the past three years. Anuncio • Sep 02
Pansari Developers Limited, Annual General Meeting, Sep 27, 2024 Pansari Developers Limited, Annual General Meeting, Sep 27, 2024, at 14:00 Indian Standard Time. Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: ₹0.54 (vs ₹0.47 in 1Q 2024) First quarter 2025 results: EPS: ₹0.54 (up from ₹0.47 in 1Q 2024). Revenue: ₹84.7m (up 5.3% from 1Q 2024). Net income: ₹9.42m (up 14% from 1Q 2024). Profit margin: 11% (in line with 1Q 2024). New Risk • Aug 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (₹2.09b market cap, or US$24.9m). Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₹128, the stock trades at a trailing P/E ratio of 42.8x. Average trailing P/E is 31x in the Real Estate industry in India. Total returns to shareholders of 45% over the past year. Valuation Update With 7 Day Price Move • Jun 11
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹101, the stock trades at a trailing P/E ratio of 33.7x. Average trailing P/E is 28x in the Real Estate industry in India. Total returns to shareholders of 90% over the past three years. Reported Earnings • May 30
Full year 2024 earnings released: EPS: ₹2.98 (vs ₹1.15 in FY 2023) Full year 2024 results: EPS: ₹2.98 (up from ₹1.15 in FY 2023). Revenue: ₹616.8m (up 166% from FY 2023). Net income: ₹52.1m (up 159% from FY 2023). Profit margin: 8.4% (down from 8.7% in FY 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₹101, the stock trades at a trailing P/E ratio of 41.9x. Average trailing P/E is 32x in the Real Estate industry in India. Total returns to shareholders of 94% over the past three years. Reported Earnings • Feb 13
Third quarter 2024 earnings released: EPS: ₹1.19 (vs ₹0.35 in 3Q 2023) Third quarter 2024 results: EPS: ₹1.19 (up from ₹0.35 in 3Q 2023). Revenue: ₹313.2m (up 265% from 3Q 2023). Net income: ₹20.7m (up 242% from 3Q 2023). Profit margin: 6.6% (down from 7.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 62% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Jan 05
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹107, the stock trades at a trailing P/E ratio of 68.2x. Average trailing P/E is 30x in the Real Estate industry in India. Total returns to shareholders of 376% over the past three years. Reported Earnings • Nov 18
Second quarter 2024 earnings released: EPS: ₹0.47 (vs ₹0.26 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.47 (up from ₹0.26 in 2Q 2023). Revenue: ₹73.3m (up 35% from 2Q 2023). Net income: ₹8.18m (up 80% from 2Q 2023). Profit margin: 11% (up from 8.4% in 2Q 2023). The increase in margin was driven by higher revenue. Anuncio • Oct 19
Pansari Developers Limited, Annual General Meeting, Nov 09, 2023 Pansari Developers Limited, Annual General Meeting, Nov 09, 2023, at 12:00 Indian Standard Time. Location: at it registered office at 14 NS Road, 4'h Floor Kolkata India Agenda: To consider appointment of statutory Auditor. Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹87.15, the stock trades at a trailing P/E ratio of 64.2x. Average trailing P/E is 27x in the Real Estate industry in India. Total loss to shareholders of 23% over the past year. Reported Earnings • Aug 16
First quarter 2024 earnings released: EPS: ₹0.47 (vs ₹0.27 in 1Q 2023) First quarter 2024 results: EPS: ₹0.47 (up from ₹0.27 in 1Q 2023). Revenue: ₹86.4m (up 88% from 1Q 2023). Net income: ₹8.27m (up 76% from 1Q 2023). Profit margin: 9.6% (in line with 1Q 2023). New Risk • Aug 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings have declined by 0.4% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Revenue is less than US$5m (₹232m revenue, or US$2.8m). Market cap is less than US$100m (₹1.79b market cap, or US$21.6m). Reported Earnings • Jun 03
Full year 2023 earnings released: EPS: ₹2.09 (vs ₹2.09 in FY 2022) Full year 2023 results: EPS: ₹2.09 (in line with FY 2022). Revenue: ₹239.9m (down 60% from FY 2022). Net income: ₹20.1m (down 45% from FY 2022). Profit margin: 8.4% (up from 6.0% in FY 2022). The increase in margin was driven by lower expenses. Anuncio • May 31
Pansari Developers Limited to Report Fiscal Year 2023 Results on May 30, 2023 Pansari Developers Limited announced that they will report fiscal year 2023 results on May 30, 2023 Reported Earnings • Feb 15
Third quarter 2023 earnings released: EPS: ₹0.35 (vs ₹0.52 in 3Q 2022) Third quarter 2023 results: EPS: ₹0.35 (down from ₹0.52 in 3Q 2022). Revenue: ₹87.4m (down 58% from 3Q 2022). Net income: ₹6.05m (down 33% from 3Q 2022). Profit margin: 6.9% (up from 4.4% in 3Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 41% per year, which means it is well ahead of earnings. Buying Opportunity • Jan 03
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 31%. The fair value is estimated to be ₹92.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last year. Earnings per share has declined by 62%. Reported Earnings • Nov 22
Second quarter 2023 earnings released: EPS: ₹0.26 (vs ₹1.01 in 2Q 2022) Second quarter 2023 results: EPS: ₹0.26 (down from ₹1.01 in 2Q 2022). Revenue: ₹54.8m (down 68% from 2Q 2022). Net income: ₹4.55m (down 74% from 2Q 2022). Profit margin: 8.3% (down from 10% in 2Q 2022). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Sep 05
Investor sentiment improved over the past week After last week's 24% share price gain to ₹110, the stock trades at a trailing P/E ratio of 55.8x. Average trailing P/E is 27x in the Real Estate industry in India. Total returns to shareholders of 425% over the past three years. Reported Earnings • Aug 19
First quarter 2023 earnings released: EPS: ₹0.27 (vs ₹0.69 in 1Q 2022) First quarter 2023 results: EPS: ₹0.27 (down from ₹0.69 in 1Q 2022). Revenue: ₹46.7m (down 57% from 1Q 2022). Net income: ₹4.69m (down 61% from 1Q 2022). Profit margin: 10.0% (down from 11% in 1Q 2022). The decrease in margin was driven by lower revenue. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment improved over the past week After last week's 16% share price gain to ₹92.30, the stock trades at a trailing P/E ratio of 44.2x. Average trailing P/E is 25x in the Real Estate industry in India. Total returns to shareholders of 320% over the past three years. Reported Earnings • Jun 04
Full year 2022 earnings released: EPS: ₹2.09 (vs ₹2.14 in FY 2021) Full year 2022 results: EPS: ₹2.09 (down from ₹2.14 in FY 2021). Revenue: ₹606.2m (up 68% from FY 2021). Net income: ₹36.4m (down 2.3% from FY 2021). Profit margin: 6.0% (down from 10% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 24% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Mar 24
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be ₹169, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 37% per annum over the last 3 years. Earnings per share has grown by 31% per annum over the last 3 years. Buying Opportunity • Mar 09
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 32%. The fair value is estimated to be ₹170, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 37% per annum over the last 3 years. Earnings per share has grown by 31% per annum over the last 3 years. Valuation Update With 7 Day Price Move • Feb 28
Investor sentiment improved over the past week After last week's 24% share price gain to ₹138, the stock trades at a trailing P/E ratio of 52.2x. Average trailing P/E is 29x in the Real Estate industry in India. Total returns to shareholders of 393% over the past three years. Reported Earnings • Feb 17
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: ₹0.52. Revenue: ₹207.0m (flat on 3Q 2021). Net income: ₹9.07m (up ₹9.07m from 3Q 2021). Profit margin: 4.4% (up from null in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 74% per year, which means it is tracking significantly ahead of earnings growth. Buying Opportunity • Jan 13
Now 21% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be ₹160, however is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 35% over the last year. Earnings per share has grown by 75% over the last year. Valuation Update With 7 Day Price Move • Jan 04
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₹126, the stock trades at a trailing P/E ratio of 38.2x. Average trailing P/E is 32x in the Real Estate industry in India. Total returns to shareholders of 460% over the past year. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment deteriorated over the past week After last week's 18% share price decline to ₹158, the stock trades at a trailing P/E ratio of 47.9x. Average trailing P/E is 26x in the Real Estate industry in India. Total returns to shareholders of 606% over the past year. Recent Insider Transactions • Dec 09
Insider recently sold ₹1.1m worth of stock On the 7th of December, Dinesh Agarwal sold around 5k shares on-market at roughly ₹213 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Board Change • Oct 19
High number of new directors Additional Non Executive Director Shreya Agarwal was the last director to join the board, commencing their role in 2021. Anuncio • Sep 19
Pansari Developers Limited to Report Fiscal Year 2020 Results on Jul 11, 2020 Pansari Developers Limited announced that they will report fiscal year 2020 results on Jul 11, 2020