PSP Projects Limited

NSEI:PSPPROJECT Stock Report

Mkt Cap: ₹28.0b

PSP Projects Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • 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 PSPPROJECT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PSPPROJECT (₹769.2) is trading above our estimate of fair value (₹217.98)

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


Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

PSPPROJECT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.3x
Enterprise Value/EBITDA10.5x
PEG Ratio0.9x

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for PSPPROJECT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average42.5x
JKIL J. Kumar Infraprojects
11.5x14.0%₹32.6b
538562 Skipper
35.1xn/a₹24.9b
532395 AXISCADES Technologies
105.5xn/a₹23.8b
532430 BF Utilities
17.8xn/a₹24.5b
PSPPROJECT PSP Projects
17.6x18.7%₹28.0b

Price-To-Earnings vs Peers: PSPPROJECT is good value based on its Price-To-Earnings Ratio (17.6x) compared to the peer average (42.5x).


Price to Earnings Ratio vs Industry

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

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a20.3%
n/an/an/a
No. of CompaniesPE048121620

Fetching data

0 CompaniesPrice / EarningsEstimated GrowthMarket Cap
Industry Avg.n/a20.3%
n/an/an/a
No more companies

Price-To-Earnings vs Industry: PSPPROJECT is good value based on its Price-To-Earnings Ratio (17.6x) compared to the Indian Construction industry average (23.8x).


Price to Earnings Ratio vs Fair Ratio

What is PSPPROJECT'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.

PSPPROJECT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio17.6x
Fair PE Ratio28.5x

Price-To-Earnings vs Fair Ratio: PSPPROJECT is good value based on its Price-To-Earnings Ratio (17.6x) compared to the estimated Fair Price-To-Earnings Ratio (28.5x).


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 PSPPROJECT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹769.20
₹895.71
+16.4%
3.6%₹933.00₹820.00n/a7
Dec ’24₹774.85
₹895.71
+15.6%
3.6%₹933.00₹820.00n/a7
Nov ’24₹729.15
₹865.00
+18.6%
3.0%₹900.00₹820.00n/a6
Oct ’24₹797.95
₹865.00
+8.4%
3.0%₹900.00₹820.00n/a6
Sep ’24₹817.80
₹865.00
+5.8%
3.0%₹900.00₹820.00n/a6
Aug ’24₹794.55
₹853.00
+7.4%
4.4%₹900.00₹781.00n/a7
Jul ’24₹713.35
₹830.33
+16.4%
6.2%₹920.00₹767.00n/a6
Jun ’24₹719.25
₹810.33
+12.7%
4.1%₹869.00₹767.00n/a6
May ’24₹691.05
₹819.50
+18.6%
5.6%₹905.00₹767.00n/a6
Apr ’24₹670.90
₹819.50
+22.1%
5.6%₹905.00₹767.00n/a6
Mar ’24₹679.10
₹819.50
+20.7%
5.6%₹905.00₹767.00n/a6
Feb ’24₹686.40
₹819.50
+19.4%
5.6%₹905.00₹767.00n/a6
Jan ’24₹700.30
₹743.60
+6.2%
13.2%₹915.00₹645.00n/a5
Dec ’23₹637.80
₹686.60
+7.7%
4.3%₹720.00₹645.00₹774.855
Nov ’23₹594.45
₹686.60
+15.5%
4.3%₹720.00₹645.00₹729.155
Oct ’23₹642.15
₹699.60
+8.9%
4.3%₹733.00₹645.00₹797.955
Sep ’23₹604.70
₹699.60
+15.7%
4.3%₹733.00₹645.00₹817.805
Aug ’23₹628.25
₹669.50
+6.6%
6.4%₹715.00₹624.00₹794.554
Jul ’23₹558.55
₹669.50
+19.9%
6.4%₹715.00₹624.00₹713.354
Jun ’23₹514.05
₹669.50
+30.2%
6.4%₹715.00₹624.00₹719.254
May ’23₹538.10
₹726.00
+34.9%
9.0%₹834.00₹660.00₹691.054
Apr ’23₹548.25
₹726.25
+32.5%
9.0%₹834.00₹660.00₹670.904
Mar ’23₹486.25
₹726.25
+49.4%
9.0%₹834.00₹660.00₹679.104
Feb ’23₹625.05
₹726.25
+16.2%
9.0%₹834.00₹660.00₹686.404
Jan ’23₹485.35
₹615.67
+26.9%
8.4%₹677.00₹550.00₹700.303
Dec ’22₹471.30
₹615.67
+30.6%
8.4%₹677.00₹550.00₹637.803

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


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