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PSPP

PSP ProjectsNSEI:PSPPROJECT Stock Report

Last Price

₹522.10

Market Cap

₹18.8b

7D

5.0%

1Y

28.8%

Updated

19 Jan, 2022

Data

Company Financials
PSPPROJECT fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance5/6
Financial Health6/6
Dividends2/6

PSPPROJECT Stock Overview

PSP Projects Limited, a construction company, provides construction services for industrial, institutional, residential, social infrastructure, and commercial projects in India.

Price History & Performance

Summary of all time highs, changes and price drops for PSP Projects
Historical stock prices
Current Share Price₹522.10
52 Week High₹552.00
52 Week Low₹397.00
Beta0.87
1 Month Change15.43%
3 Month Change3.24%
1 Year Change28.79%
3 Year Change28.52%
5 Year Changen/a
Change since IPO161.70%

Recent News & Updates

Shareholder Returns

PSPPROJECTIN ConstructionIN Market
7D5.0%2.1%0.2%
1Y28.8%46.1%34.4%

Return vs Industry: PSPPROJECT underperformed the Indian Construction industry which returned 46.1% over the past year.

Return vs Market: PSPPROJECT underperformed the Indian Market which returned 34.4% over the past year.

Price Volatility

Is PSPPROJECT's price volatile compared to industry and market?
PSPPROJECT volatility
PSPPROJECT Average Weekly Movement4.8%
Construction Industry Average Movement6.9%
Market Average Movement6.8%
10% most volatile stocks in IN Market9.8%
10% least volatile stocks in IN Market4.1%

Stable Share Price: PSPPROJECT is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: PSPPROJECT's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
20081,226Prahaladbhai Patelhttps://www.pspprojects.com

PSP Projects Limited, a construction company, provides construction services for industrial, institutional, residential, social infrastructure, and commercial projects in India. The company constructs industrial buildings for pharmaceutical plants, food processing units, engineering units, and manufacturing and processing facilities; and buildings for hospitals and healthcare services, educational institutes, malls, hospitality services, and corporate offices. It also undertakes government projects and government residential projects; and constructs buildings for group housing and townships, as well as independent residences for select private customers.

PSP Projects Fundamentals Summary

How do PSP Projects's earnings and revenue compare to its market cap?
PSPPROJECT fundamental statistics
Market Cap₹18.81b
Earnings (TTM)₹1.32b
Revenue (TTM)₹15.99b

14.2x

P/E Ratio

1.2x

P/S Ratio

Is PSPPROJECT overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
PSPPROJECT income statement (TTM)
Revenue₹15.99b
Cost of Revenue₹13.10b
Gross Profit₹2.88b
Expenses₹1.56b
Earnings₹1.32b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Jan 27, 2022

Earnings per share (EPS)36.72
Gross Margin18.03%
Net Profit Margin8.27%
Debt/Equity Ratio32.4%

How did PSPPROJECT perform over the long term?

See historical performance and comparison

Dividends

0.8%

Current Dividend Yield

11%

Payout Ratio

Valuation

Is PSP Projects undervalued compared to its fair value and its price relative to the market?

14.23x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PSPPROJECT (₹522.1) is trading above our estimate of fair value (₹92.63)

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


Price To Earnings Ratio

PE vs Industry: PSPPROJECT is good value based on its PE Ratio (14.2x) compared to the Indian Construction industry average (19.1x).

PE vs Market: PSPPROJECT is good value based on its PE Ratio (14.2x) compared to the Indian market (23.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PSPPROJECT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PSPPROJECT is overvalued based on its PB Ratio (3.2x) compared to the IN Construction industry average (1.3x).


Future Growth

How is PSP Projects forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

21.9%

Forecasted Capital Goods industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as PSP Projects has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Past Performance

How has PSP Projects performed over the past 5 years?

13.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PSPPROJECT has a high level of non-cash earnings.

Growing Profit Margin: PSPPROJECT's current net profit margins (8.3%) are higher than last year (6.6%).


Past Earnings Growth Analysis

Earnings Trend: PSPPROJECT's earnings have grown by 13.1% per year over the past 5 years.

Accelerating Growth: PSPPROJECT's earnings growth over the past year (62.7%) exceeds its 5-year average (13.1% per year).

Earnings vs Industry: PSPPROJECT earnings growth over the past year (62.7%) exceeded the Construction industry 21.8%.


Return on Equity

High ROE: PSPPROJECT's Return on Equity (22.6%) is considered high.


Financial Health

How is PSP Projects's financial position?


Financial Position Analysis

Short Term Liabilities: PSPPROJECT's short term assets (₹8.7B) exceed its short term liabilities (₹6.2B).

Long Term Liabilities: PSPPROJECT's short term assets (₹8.7B) exceed its long term liabilities (₹244.6M).


Debt to Equity History and Analysis

Debt Level: PSPPROJECT has more cash than its total debt.

Reducing Debt: PSPPROJECT's debt to equity ratio has reduced from 71.7% to 32.4% over the past 5 years.

Debt Coverage: PSPPROJECT's debt is well covered by operating cash flow (42.3%).

Interest Coverage: PSPPROJECT earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is PSP Projects's current dividend yield, its reliability and sustainability?

0.76%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PSPPROJECT's dividend (0.77%) is higher than the bottom 25% of dividend payers in the Indian market (0.3%).

High Dividend: PSPPROJECT's dividend (0.77%) is low compared to the top 25% of dividend payers in the Indian market (1.33%).


Stability and Growth of Payments

Stable Dividend: PSPPROJECT has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: PSPPROJECT's dividend payments have increased, but the company has only paid a dividend for 5 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (10.9%), PSPPROJECT's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

5.2yrs

Average management tenure


CEO

Prahaladbhai Patel (58 yo)

5.33yrs

Tenure

₹50,040,000

Compensation

Mr. Prahaladbhai Shivrambhai Patel, B.E.Civil, has been the Chairman and Managing Director at PSP Projects Pvt. Ltd. since July 07, 2015 and has been its Chief Executive Officer since September 03, 2016.M...


CEO Compensation Analysis

Compensation vs Market: Prahaladbhai's total compensation ($USD670.97K) is above average for companies of similar size in the Indian market ($USD181.22K).

Compensation vs Earnings: Prahaladbhai's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: PSPPROJECT's management team is seasoned and experienced (5.2 years average tenure).


Board Members

Experienced Board: PSPPROJECT's board of directors are considered experienced (6.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: PSPPROJECT insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

PSP Projects Limited's employee growth, exchange listings and data sources


Key Information

  • Name: PSP Projects Limited
  • Ticker: PSPPROJECT
  • Exchange: NSEI
  • Founded: 2008
  • Industry: Construction and Engineering
  • Sector: Capital Goods
  • Implied Market Cap: ₹18.810b
  • Shares outstanding: 36.00m
  • Website: https://www.pspprojects.com

Number of Employees


Location

  • PSP Projects Limited
  • PSP House
  • Opposite Celesta Courtyard
  • Ahmedabad
  • Gujarat
  • 380058
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/19 16:00
End of Day Share Price2022/01/19 00:00
Earnings2021/09/30
Annual Earnings2021/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.