NSEI:PURVA

Stock Analysis Report

Executive Summary

Puravankara Limited, together with its subsidiaries, develops residential and commercial properties in India, Sri Lanka, the United Arab Emirates, and the Kingdom of Saudi Arabia.

Snowflake

Fundamentals

Proven track record and slightly overvalued.


Similar Companies

Share Price & News

How has Puravankara's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

6.4%

PURVA

5.1%

IN Real Estate

3.1%

IN Market


1 Year Return

-7.1%

PURVA

17.9%

IN Real Estate

3.7%

IN Market

Return vs Industry: PURVA underperformed the Indian Real Estate industry which returned 17.9% over the past year.

Return vs Market: PURVA underperformed the Indian Market which returned 3.7% over the past year.


Shareholder returns

PURVAIndustryMarket
7 Day6.4%5.1%3.1%
30 Day-11.3%0.7%5.7%
90 Day4.6%-6.0%1.4%
1 Year-5.8%-7.1%18.7%17.9%5.9%3.7%
3 Year45.8%36.9%26.6%24.2%22.3%16.0%
5 Year-30.2%-37.1%41.2%36.0%42.5%28.9%

Price Volatility Vs. Market

How volatile is Puravankara's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

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

11.34x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: PURVA (₹62.75) is trading above our estimate of fair value (₹6.33)

Significantly Undervalued: PURVA is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PURVA is good value based on its PE Ratio (11.3x) compared to the Real Estate industry average (13.4x).

PE vs Market: PURVA is good value based on its PE Ratio (11.3x) compared to the Indian market (13.2x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: PURVA is overvalued based on its PB Ratio (0.8x) compared to the IN Real Estate industry average (0.7x).


Next Steps

Future Growth

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

-6.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PURVA's earnings are forecast to decline over the next 3 years (-6.4% per year).

Earnings vs Market: PURVA's earnings are forecast to decline over the next 3 years (-6.4% per year).

High Growth Earnings: PURVA's earnings are forecast to decline over the next 3 years.

Revenue vs Market: Insufficient data to determine if PURVA's revenue is forecast to grow faster than the Indian market.

High Growth Revenue: Insufficient data to determine if PURVA's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if PURVA's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Puravankara performed over the past 5 years?

-1.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: PURVA's earnings have declined by -1.4% per year over the past 5 years.

Accelerating Growth: PURVA's earnings growth over the past year (34.3%) exceeds its 5-year average (-1.4% per year).

Earnings vs Industry: PURVA earnings growth over the past year (34.3%) exceeded the Real Estate industry 0.01%.


Return on Equity

High ROE: PURVA's Return on Equity (7.1%) is considered low.


Return on Assets

ROA vs Industry: PURVA has a higher Return on Assets than the Real Estate industry average last year.


Return on Capital Employed

ROCE Improving: PURVA has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Puravankara's financial position?


Financial Position Analysis

Short Term Liabilities: PURVA's short term assets (₹75.7B) exceeds its short term liabilities (₹64.1B)

Long Term Liabilities: PURVA's short term assets (75.7B) exceeds its long term liabilities (4.7B)


Debt to Equity History and Analysis

Debt Level: PURVA's debt to equity ratio (158%) is considered high

Reducing Debt: PURVA's debt to equity ratio has increased from 72.6% to 158% over the past 5 years.

Debt Coverage: PURVA's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: PURVA's interest payments on its debt are not well covered by EBIT (1.4x coverage).


Balance Sheet

Inventory Level: PURVA has a high level of physical assets or inventory.

Debt Coverage by Assets: PURVA's debt is covered by short term assets (assets are 2.581470x debt).


Next Steps

Dividend

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

1.59%

Current Dividend Yield


Dividend Yield vs Market

company1.6%marketbottom25%0.6%markettop25%2.5%industryaverage0.8%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: PURVA's dividend (1.59%) is higher than the bottom 25% of dividend payers in the Indian market (0.6%).

High Dividend: PURVA's dividend (1.59%) is low compared to the top 25% of dividend payers in the Indian market (2.48%).

Stable Dividend: PURVA's dividend payments have been volatile in the past 10 years.

Growing Dividend: PURVA's dividend payments have not increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (18%), PURVA's dividend payments are well 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

What is the CEO of Puravankara's salary, the management and board of directors tenure and is there insider trading?

3.4yrs

Average management tenure


CEO

Ashish Puravankara (40yo)

4.8yrs

Tenure

₹22,040,000

Compensation

Mr. Ashish Ravi Puravankara, BBA, MBA, is the Founder Director of Provident Housing Limited. Mr. Puravankara has been Chief Executive Officer and Joint Managing Director of Puravankara Projects Limited sin ...


CEO Compensation Analysis

Compensation vs. Market: Ashish's total compensation ($USD308.62K) is about average for companies of similar size in the Indian market ($USD287.51K).

Compensation vs Earnings: Ashish's compensation has increased by more than 20% in the past year.


Management Age and Tenure

3.4yrs

Average Tenure

54yo

Average Age

Experienced Management: PURVA's management team is considered experienced (3.4 years average tenure).


Board Age and Tenure

12.8yrs

Average Tenure

64.5yo

Average Age

Experienced Board: PURVA's board of directors are seasoned and experienced ( 12.8 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Ravi Puravankara (67yo)

    Founder & Chairman

    • Tenure: 0yrs
    • Compensation: ₹25.20m
  • Vishal Mirchandani (51yo)

    Chief Business Officer - Commercial & Retail

    • Tenure: 0.9yrs
  • Ashish Puravankara (40yo)

    CEO, MD & Whole Time Director

    • Tenure: 4.8yrs
    • Compensation: ₹22.04m
  • Nani Choksey (68yo)

    Joint MD & Whole Time Director

    • Tenure: 33.3yrs
    • Compensation: ₹22.04m
  • K. B. Narayanan (43yo)

    Chief Operating Officer

    • Tenure: 0.8yrs
  • Sanjay Sharma (55yo)

    President of Technical

    • Tenure: 1.1yrs
  • Bindu Doraiswamy

    Compliance Officer

    • Tenure: 3.4yrs
    • Compensation: ₹1.85m
  • Kuldip Chawlla (54yo)

    Chief Financial Officer

    • Tenure: 2.6yrs
    • Compensation: ₹11.77m
  • K. Jagadeesh (54yo)

    President of MD Office

    • Tenure: 3.7yrs
  • D. Patil (58yo)

    Senior Vice President of Land Acquisition

    • Tenure: 6yrs

Board Members

  • Pradeep Guha (67yo)

    Non-Executive Independent Director

    • Tenure: 12.8yrs
    • Compensation: ₹1.60m
  • Ravi Puravankara (67yo)

    Founder & Chairman

    • Tenure: 0yrs
    • Compensation: ₹25.20m
  • Anup Sanmukh (62yo)

    Additional Non-Executive Independent Director

    • Tenure: 0.3yrs
    • Compensation: ₹100.00k
  • Ashish Puravankara (40yo)

    CEO, MD & Whole Time Director

    • Tenure: 4.8yrs
    • Compensation: ₹22.04m
  • Nani Choksey (68yo)

    Joint MD & Whole Time Director

    • Tenure: 33.3yrs
    • Compensation: ₹22.04m
  • Sonali Rastogi (52yo)

    Non-Executive Independent Director

    • Tenure: 1yrs
    • Compensation: ₹620.00k

Company Information

Puravankara Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Puravankara Limited
  • Ticker: PURVA
  • Exchange: NSEI
  • Founded: 1975
  • Industry: Real Estate Development
  • Sector: Real Estate
  • Market Cap: ₹14.454b
  • Shares outstanding: 237.15m
  • Website: https://www.puravankara.com

Number of Employees


Location

  • Puravankara Limited
  • #130/1, Ulsoor Road
  • Bengaluru
  • Karnataka
  • 560042
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532891BSE (Mumbai Stock Exchange)YesEquity SharesININRAug 2007
PURVANSEI (National Stock Exchange of India)YesEquity SharesININRAug 2007

Biography

Puravankara Limited, together with its subsidiaries, develops residential and commercial properties in India, Sri Lanka, the United Arab Emirates, and the Kingdom of Saudi Arabia. The company’s residential ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 12:47
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


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.