PSP Projects Limited
₹695.35-₹40.45 (-5.5%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹3,278 Cr
- P/E
- 126.0x
- EV / EBITDA
- 11.9x
- Revenue
- ₹2,468 Cr
- Net margin
- 5.0%
- ROCE
- 19.1%
Price chart
Technical chartScreen technicals →-25.5% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -9.3%
- 3M
- -26.9%
- 6M
- -11.8%
- 1Y
- -25.5%
- 5Y
- +30.2%
52-week range
Day change -₹40.45 (-5.5%) from ₹736 to ₹695 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in PSPPROJECT, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Comfortable interest coverage of 5.1x
Concerns1
- Valuation elevated — PE of 126.0x is 118% above peer average of 57.8x
Rule-based from financial data. Not advice.
About the company
PSP Projects Limited, a construction company, provides construction and related services for industrial, institutional, commercial, residential, hospitality, hospital, and marquee government projects in India.
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PSP Projects Limited, a construction company, provides construction and related services for industrial, institutional, commercial, residential, hospitality, hospital, and marquee government projects in India. It constructs industrial buildings for pharmaceutical plants, food processing units, engineering, manufacturing and processing facilities; and buildings for hospitals and healthcare services, educational institutes, shopping malls, hospitality services, and corporate offices. The company also undertakes government projects and government residential projects; and constructs buildings for group housing and townships and bespoke luxury homes, as well as independent residences for select private customers. PSP Projects Limited was incorporated in 2008 and is headquartered in Ahmedabad, India.
- Sector
- Industrials
- Shares outstanding
- 4.0 Cr shares
- ISIN
- INE488V01015
- BSE code
- 540544
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹3,278 Cr
- P/E
- 126.0x
- P/B
- 2.7x
- EV / EBITDA
- 11.9x
- EV / Sales
- 1.4x
- P/S
- 1.3x
- Earnings yield
- 0.8%
- 52-week high
- ₹1,098.15
- 52-week low
- ₹580.05
Profitability
- Operating margin
- 10.6%
- Net margin
- 5.0%
- EBITDA margin
- 11.6%
- ROE
- 13.6%
- ROCE
- 19.1%
- ROA
- 6.1%
- Dividend payout
- 0.0%
- Tax rate
- 27.0%
- Other income, % of PBT
- 14.1%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹2,468 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 0.2%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 10.4%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹286 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 13.5%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -54.8%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -0.8%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹227 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -627.9%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹31.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 15.1%
Solvency and efficiency
- Current ratio
- 2.60
- Debt / Equity
- 0.50
- Debt / Assets
- 0.23
- Debt / EBITDA
- 1.59
- Interest coverage
- 5.14
- Financial leverage
- 2.21
- CFO / Net profit
- -1.83
- Cash / Market cap
- 51.8%
- Cash per share
- ₹428.65
- Asset turnover
- 1.22
- Fixed asset turnover
- 7.65
- Capital intensity
- 0.13
- Debtor days
- 50 days
- Inventory turnover
- 2.42
- Cash conversion cycle
- 2 days
Where the revenue went
Some FY2025 lines are not reported, so the ones that are appear as a table.
| Line | FY2025 |
|---|---|
| Sales | ₹2,468 Cr |
| Expenses | ₹2,289 Cr |
| Operating profit | ₹180 Cr |
| Other income | ₹16 Cr |
| Interest | ₹44 Cr |
| Depreciation | ₹73 Cr |
| Profit before tax | ₹78 Cr |
| Tax and other | ₹22 Cr |
| Net profit | ₹56 Cr |
Revenue and net profit
Revenue grew 0.2% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹1,241 Cr | ₹81 Cr |
| FY2022 | ₹1,749 Cr | ₹162 Cr |
| FY2023 | ₹1,927 Cr | ₹133 Cr |
| FY2024 | ₹2,462 Cr | ₹124 Cr |
| FY2025 | ₹2,468 Cr | ₹56 Cr |
Cash flows
FY2025: ₹55.0 Cr from operations, -₹51.0 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹71 Cr | ₹76 Cr |
| FY2022 | ₹120 Cr | -₹20 Cr |
| FY2023 | ₹43 Cr | -₹5 Cr |
| FY2024 | -₹227 Cr | -₹252 Cr |
| FY2025 | ₹55 Cr | -₹51 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹2,468 Cr+0.2%1Y
- Net profit
- ₹56 Cr-54.8%1Y
- Cash from operations
- ₹55 Cr
- Free cash flow
- -₹51 Cr
- Revenue CAGR, 5Y
- 10.4%
- EBITDA CAGR, 5Y
- 5.8%
- Net profit CAGR, 5Y
- -0.8%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹2,468 Cr | ₹180 Cr | — | ₹56 Cr | ₹55 Cr | -₹51 Cr | 4.6% | +0.2% | -54.8% |
Monthly returns
Month-by-month returns of PSPPROJECT across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹2,337 Cr |
| Equity capital | ₹40 Cr |
| Reserves | ₹1,169 Cr |
| Borrowings | ₹272 Cr |
| Other liabilities | ₹856 Cr |
| Assets | ₹2,337 Cr |
| Fixed assets | ₹307 Cr |
| Capital work in progress | ₹3 Cr |
| Investments | ₹1 Cr |
| Other assets | ₹2,026 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
PSPPROJECT trades at 126.0x earnings against a peer median of 38.3x (a 229% premium).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| PSP Projects LimitedPSPPROJECTthis companyP/E ↑ premium | ₹3,278 Cr | 126.0x | 2.7x | 13.6% | 11.9x |
| Ramky Infrastructure LimitedRAMKY | ₹3,459 Cr | 16.9x | 2.1x | 28.6% | 5.9x |
| Uflex LimitedUFLEX | ₹3,418 Cr | 16.4x | 1.0x | 5.3% | 7.5x |
| MSTC LimitedMSTCLTD | ₹3,346 Cr | 15.4x | 4.0x | 25.9% | 10.8x |
| Kirloskar Industries LtdKIRLOSIND | ₹3,245 Cr | 41.9x | 0.6x | 1.9% | 29.9x |
| Shanthi Gears Ltd.SHANTIGEAR | ₹3,218 Cr | 34.6x | 7.4x | 23.7% | 25.6x |
| Quess Corp LimitedQUESS | ₹3,169 Cr | 15.3x | 3.5x | — | — |
| Bharat Bijlee Ltd.BBL | ₹3,153 Cr | 21.4x | 1.4x | 7.0% | 14.5x |
| HLE GLASCOAT LIMITEDHLEGLAS | ₹3,115 Cr | 79.5x | 8.2x | 7.8% | 46.3x |
| Peer median | — | 38.3x | 5.2x | 15.2% | 25.8x |
Year-to-date ROI
PSPPROJECT since 1 January, against earlier years.
Historical volatility
PSPPROJECT's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 11.0% |
| FY2022 | 15.0% |
| FY2023 | 12.0% |
| FY2024 | 11.0% |
| FY2025 | 7.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹2,468 Cr |
| Costs | |
| Interest | ₹44 Cr |
| Expenses | ₹2,289 Cr |
| Operating profitOperating Profit | ₹180 Cr |
| Other income and charges | |
| Profit before tax | ₹78 Cr |
| Tax | |
| Net profitNet Profit | ₹56 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹2,337 Cr |
| Equity capitalEquity Capital | ₹40 Cr |
| Reserves | ₹1,169 Cr |
| Borrowings | ₹272 Cr |
| Other liabilitiesOther Liabilities | ₹856 Cr |
| AssetsTotal Assets | ₹2,337 Cr |
| Fixed assetsFixed Assets | ₹307 Cr |
| Capital work in progressCWIP | ₹3 Cr |
| Investments | ₹1 Cr |
| Other assetsOther Assets | ₹2,026 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹55 Cr |
| Investing cash flowCash from Investing Activity | -₹106 Cr |
| Financing cash flowCash from Financing Activity | ₹20 Cr |
| Change in cashNet Cash Flow | -₹31 Cr |
Learn while you research
Academy chapters picked for PSP Projects Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 126.0, learn when high multiples are justified.6 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Business Cycles & StocksThese cyclical sectors win and lose in different macro phases.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read