PSP Projects Limited

BSE:540544 Stock Report

Market Cap: ₹24.3b

PSP Projects Valuation

Is 540544 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of 540544 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 540544 (₹614.35) is trading above our estimate of fair value (₹301.89)

Significantly Below Fair Value: 540544 is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 540544?

Key metric: As 540544 is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for 540544. This is calculated by dividing 540544's market cap by their current earnings.
What is 540544's PE Ratio?
PE Ratio26.6x
Earnings₹915.07m
Market Cap₹24.33b

Price to Earnings Ratio vs Peers

How does 540544's PE Ratio compare to its peers?

The above table shows the PE ratio for 540544 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average32.4x
SALASAR Salasar Techno Engineering
52xn/a₹28.0b
513269 Man Industries (India)
18.3x37.7%₹19.3b
532395 AXISCADES Technologies
42.2xn/a₹19.2b
CAPACITE Capacit'e Infraprojects
17x19.4%₹30.5b
540544 PSP Projects
26.6x33.5%₹24.3b

Price-To-Earnings vs Peers: 540544 is good value based on its Price-To-Earnings Ratio (26.6x) compared to the peer average (32.4x).

Price to Earnings Ratio vs Industry

How does 540544's PE Ratio compare vs other companies in the IN Construction Industry?

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CCCL Consolidated Construction Consortium
0.9xn/aUS$77.49m
533152 MBL Infrastructures
2.5xn/aUS$67.17m
ATLANTAA Atlantaa
2.4xn/aUS$48.21m
SKIL SKIL Infrastructure
0.1xn/aUS$14.31m
540544 26.6xIndustry Avg. 25.7xNo. of Companies23PE01632486480+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: 540544 is expensive based on its Price-To-Earnings Ratio (26.6x) compared to the Indian Construction industry average (25.6x).

Price to Earnings Ratio vs Fair Ratio

What is 540544's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

540544 PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio26.6x
Fair PE Ratio39.4x

Price-To-Earnings vs Fair Ratio: 540544 is good value based on its Price-To-Earnings Ratio (26.6x) compared to the estimated Fair Price-To-Earnings Ratio (39.4x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst 540544 forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹614.35
₹728.56
+18.6%
11.8%₹909.00₹643.00n/a9
Nov ’25₹613.55
₹719.67
+17.3%
10.8%₹909.00₹643.00n/a9
Oct ’25₹658.20
₹772.63
+17.4%
5.3%₹842.00₹727.00n/a8
Sep ’25₹683.75
₹772.63
+13.0%
5.3%₹842.00₹727.00n/a8
Aug ’25₹713.85
₹777.75
+9.0%
5.7%₹828.00₹714.00n/a8
Jul ’25₹689.60
₹777.75
+12.8%
5.7%₹828.00₹714.00n/a8
Jun ’25₹645.00
₹777.75
+20.6%
5.7%₹828.00₹714.00n/a8
May ’25₹675.05
₹875.14
+29.6%
5.5%₹986.00₹828.00n/a7
Apr ’25₹714.60
₹875.14
+22.5%
5.5%₹986.00₹828.00n/a7
Mar ’25₹697.90
₹875.14
+25.4%
5.5%₹986.00₹828.00n/a7
Feb ’25₹760.40
₹908.33
+19.5%
1.2%₹933.00₹900.00n/a6
Jan ’25₹766.90
₹908.33
+18.4%
1.2%₹933.00₹900.00n/a6
Dec ’24₹775.35
₹895.71
+15.5%
3.6%₹933.00₹820.00n/a7
Nov ’24₹731.00
₹865.00
+18.3%
3.0%₹900.00₹820.00₹613.556
Oct ’24₹797.45
₹865.00
+8.5%
3.0%₹900.00₹820.00₹658.206
Sep ’24₹818.00
₹865.00
+5.7%
3.0%₹900.00₹820.00₹683.756
Aug ’24₹794.25
₹853.00
+7.4%
4.4%₹900.00₹781.00₹713.857
Jul ’24₹713.25
₹830.33
+16.4%
6.2%₹920.00₹767.00₹689.606
Jun ’24₹718.90
₹810.33
+12.7%
4.1%₹869.00₹767.00₹645.006
May ’24₹689.10
₹819.50
+18.9%
5.6%₹905.00₹767.00₹675.056
Apr ’24₹671.40
₹819.50
+22.1%
5.6%₹905.00₹767.00₹714.606
Mar ’24₹679.70
₹819.50
+20.6%
5.6%₹905.00₹767.00₹697.906
Feb ’24₹686.15
₹819.50
+19.4%
5.6%₹905.00₹767.00₹760.406
Jan ’24₹699.35
₹743.60
+6.3%
13.2%₹915.00₹645.00₹766.905
Dec ’23₹637.10
₹686.60
+7.8%
4.3%₹720.00₹645.00₹775.355
Nov ’23₹593.95
₹686.60
+15.6%
4.3%₹720.00₹645.00₹731.005

Analyst Forecast: Target price is less than 20% higher than the current share price.

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