PSP Projects Limited

NSEI:PSPPROJECT Stock Report

Market Cap: ₹24.6b

PSP Projects Valuation

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

Below Fair Value: PSPPROJECT (₹620.65) is trading above our estimate of fair value (₹301.58)

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?

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

The above table shows the Price to Earnings ratio for PSPPROJECT. This is calculated by dividing PSPPROJECT's market cap by their current earnings.
What is PSPPROJECT's PE Ratio?
PE Ratio26.9x
Earnings₹915.07m
Market Cap₹24.60b

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.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average32.3x
SALASAR Salasar Techno Engineering
51.5xn/a₹27.7b
513269 Man Industries (India)
18.4x37.7%₹19.4b
532395 AXISCADES Technologies
40.2xn/a₹18.3b
CAPACITE Capacit'e Infraprojects
18.9x19.4%₹33.9b
PSPPROJECT PSP Projects
26.9x33.5%₹24.6b

Price-To-Earnings vs Peers: PSPPROJECT is good value based on its Price-To-Earnings Ratio (26.9x) compared to the peer average (32.3x).

Price to Earnings Ratio vs Industry

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

6 CompaniesPrice / EarningsEstimated GrowthMarket Cap
CCCL Consolidated Construction Consortium
0.9xn/aUS$85.55m
533152 MBL Infrastructures
2.4xn/aUS$65.36m
ATLANTAA Atlantaa
2.4xn/aUS$48.26m
SKIL SKIL Infrastructure
0.1xn/aUS$14.03m
PSPPROJECT 26.9xIndustry Avg. 25.5xNo. of Companies21PE01632486480+
6 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: PSPPROJECT is expensive based on its Price-To-Earnings Ratio (26.9x) compared to the Indian Construction industry average (25.5x).

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 Ratio26.9x
Fair PE Ratio39.4x

Price-To-Earnings vs Fair Ratio: PSPPROJECT is good value based on its Price-To-Earnings Ratio (26.9x) 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 PSPPROJECT forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹620.65
₹728.56
+17.4%
11.8%₹909.00₹643.00n/a9
Nov ’25₹613.40
₹719.67
+17.3%
10.8%₹909.00₹643.00n/a9
Oct ’25₹656.55
₹772.63
+17.7%
5.3%₹842.00₹727.00n/a8
Sep ’25₹683.05
₹772.63
+13.1%
5.3%₹842.00₹727.00n/a8
Aug ’25₹713.45
₹777.75
+9.0%
5.7%₹828.00₹714.00n/a8
Jul ’25₹691.25
₹777.75
+12.5%
5.7%₹828.00₹714.00n/a8
Jun ’25₹646.05
₹777.75
+20.4%
5.7%₹828.00₹714.00n/a8
May ’25₹675.10
₹875.14
+29.6%
5.5%₹986.00₹828.00n/a7
Apr ’25₹713.55
₹875.14
+22.6%
5.5%₹986.00₹828.00n/a7
Mar ’25₹697.55
₹875.14
+25.5%
5.5%₹986.00₹828.00n/a7
Feb ’25₹759.75
₹908.33
+19.6%
1.2%₹933.00₹900.00n/a6
Jan ’25₹766.20
₹908.33
+18.6%
1.2%₹933.00₹900.00n/a6
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₹820.00₹613.406
Oct ’24₹797.95
₹865.00
+8.4%
3.0%₹900.00₹820.00₹656.556
Sep ’24₹817.80
₹865.00
+5.8%
3.0%₹900.00₹820.00₹683.056
Aug ’24₹794.55
₹853.00
+7.4%
4.4%₹900.00₹781.00₹713.457
Jul ’24₹713.35
₹830.33
+16.4%
6.2%₹920.00₹767.00₹691.256
Jun ’24₹719.25
₹810.33
+12.7%
4.1%₹869.00₹767.00₹646.056
May ’24₹691.05
₹819.50
+18.6%
5.6%₹905.00₹767.00₹675.106
Apr ’24₹670.90
₹819.50
+22.1%
5.6%₹905.00₹767.00₹713.556
Mar ’24₹679.10
₹819.50
+20.7%
5.6%₹905.00₹767.00₹697.556
Feb ’24₹686.40
₹819.50
+19.4%
5.6%₹905.00₹767.00₹759.756
Jan ’24₹700.30
₹743.60
+6.2%
13.2%₹915.00₹645.00₹766.205
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

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

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