Price
Financials
Consolidated, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 620 | 705 | 668 | 623 | 586 | 630 | 673 | 518 | 703 | 813 | 1,115 | 853 |
| Expenses | 547 | 635 | 615 | 549 | 548 | 595 | 641 | 493 | 653 | 758 | 1,055 | 799 |
| Operating Profit | 72 | 70 | 53 | 74 | 38 | 36 | 32 | 25 | 50 | 55 | 60 | 55 |
| OPM % | 12% | 10% | 8% | 12% | 6% | 6% | 4.8% | 4.8% | 7% | 7% | 5% | 6% |
| Other Income | 6 | 6 | 6 | 4 | 5 | 4 | 5 | 4 | 4 | 4 | 5 | 4 |
| Interest | 12 | 15 | 14 | 13 | 11 | 10 | 10 | 11 | 12 | 11 | 11 | 8 |
| Depreciation | 14 | 19 | 20 | 17 | 18 | 19 | 19 | 17 | 20 | 24 | 26 | 23 |
| Profit before tax | 52 | 42 | 25 | 48 | 14 | 10 | 8 | 1 | 22 | 24 | 27 | 28 |
| Tax % | 26% | 26% | 35% | 28% | 25% | 36% | 20% | 41% | 28% | 25% | 23% | 35% |
| Net Profit | 39 | 31 | 16 | 35 | 10 | 5 | 6 | 0 | 16 | 18 | 21 | 18 |
| EPS in Rs | 10.70 | 8.63 | 4.31 | 8.75 | 2.58 | 1.27 | 1.63 | 0.11 | 4.08 | 4.50 | 5.32 | 4.63 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 472 | 445 | 752 | 1,050 | 1,499 | 1,241 | 1,748 | 1,938 | 2,506 | 2,512 | 3,149 | 3,484 |
| Expenses | 438 | 378 | 646 | 901 | 1,308 | 1,106 | 1,490 | 1,708 | 2,245 | 2,329 | 2,958 | 3,265 |
| Operating Profit | 35 | 67 | 106 | 149 | 191 | 135 | 258 | 230 | 261 | 183 | 190 | 219 |
| OPM % | 7% | 15% | 14% | 14% | 13% | 11% | 15% | 12% | 10% | 7% | 6% | 6% |
| Other Income | 10 | 13 | 18 | 22 | 24 | 17 | 22 | 25 | 24 | 14 | 16 | 17 |
| Interest | 3 | 8 | 9 | 10 | 15 | 15 | 26 | 32 | 51 | 44 | 45 | 42 |
| Depreciation | 7 | 8 | 11 | 24 | 27 | 26 | 32 | 40 | 65 | 73 | 87 | 93 |
| Profit before tax | 35 | 65 | 102 | 137 | 173 | 111 | 222 | 183 | 169 | 80 | 74 | 102 |
| Tax % | 37% | 36% | 36% | 35% | 26% | 25% | 25% | 26% | 27% | 27% | 25% | |
| Net Profit | 23 | 42 | 66 | 89 | 128 | 81 | 167 | 132 | 123 | 56 | 56 | 73 |
| EPS in Rs | 71.34 | 14.41 | 18.20 | 24.84 | 35.69 | 22.65 | 46.29 | 36.65 | 34.16 | 14.23 | 14.01 | 18.53 |
| Dividend Payout % | 21% | 17% | 27% | 20% | 14% | 18% | 11% | 7% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | 21% | 20% | 18% | 45% | ||
| Compounded Profit Growth | 9% | -7% | -25% | 232% | ||
| Stock Price CAGR | % | 10% | -1% | 3% | ||
| Return on Equity | 16% | 12% | 8% | 5% |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 29 | 36 | 36 | 36 | 36 | 36 | 36 | 36 | 40 | 40 |
| Reserves | 61 | 76 | 265 | 333 | 418 | 500 | 651 | 765 | 879 | 1,169 | 1,224 |
| Borrowings | 47 | 75 | 30 | 31 | 80 | 84 | 100 | 145 | 455 | 272 | 330 |
| Other Liabilities | 142 | 148 | 268 | 335 | 429 | 372 | 484 | 819 | 667 | 873 | 1,495 |
| Total Liabilities | 253 | 328 | 600 | 735 | 963 | 991 | 1,270 | 1,765 | 2,037 | 2,353 | 3,089 |
| Fixed Assets | 54 | 52 | 78 | 103 | 108 | 116 | 207 | 240 | 322 | 307 | 413 |
| CWIP | 0 | 0 | 2 | 0 | 0 | 42 | 0 | 18 | 3 | 3 | 1 |
| Investments | 14 | 18 | 16 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Other Assets | 185 | 258 | 504 | 631 | 854 | 833 | 1,062 | 1,507 | 1,711 | 2,042 | 2,674 |
| Total Assets | 253 | 328 | 600 | 735 | 963 | 991 | 1,270 | 1,765 | 2,037 | 2,353 | 3,089 |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 40 | -8 | 70 | 21 | 16 | 73 | 147 | 45 | -224 | 53 | 323 |
| Cash from Investing Activity | -45 | -4 | -122 | -23 | -8 | 5 | -164 | -51 | -26 | -106 | -152 |
| Cash from Financing Activity | 6 | 22 | 81 | -26 | -2 | -4 | -11 | 12 | 269 | 20 | 10 |
| Net Cash Flow | 1 | 11 | 29 | -27 | 6 | 74 | -28 | 6 | 19 | -33 | 180 |
| Free Cash Flow | 13 | -14 | 22 | -17 | -18 | -6 | 72 | -34 | -365 | -15 | 130 |
| CFO/OP | 154% | 10% | 106% | 46% | 37% | 72% | 82% | 44% | -68% | 58% | 195% |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 16 | 48 | 60 | 51 | 57 | 67 | 65 | 82 | 50 | 77 | 108 |
| Inventory Days | 17 | 8 | 43 | 66 | 66 | 82 | 60 | 96 | 147 | 145 | 107 |
| Days Payable | 145 | 174 | 160 | 140 | 148 | 237 | 189 | 231 | 194 | 186 | 143 |
| Cash Conversion Cycle | -112 | -118 | -58 | -22 | -25 | -88 | -64 | -53 | 3 | 35 | 71 |
| Working Capital Days | -100 | -112 | -55 | -16 | -0 | 3 | 13 | 22 | 33 | 65 | 21 |
| ROCE % | 50% | 44% | 40% | 40% | 22% | 35% | 25% | 19% | 9% | 8% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 66.22% | 66.22% | 66.22% | 60.14% | 60.14% | 60.14% | 60.14% | 60.14% | 68.82% | 68.82% | 68.82% | 68.82% |
| FIIs | 4.23% | 3.30% | 2.31% | 7.02% | 8.58% | 7.63% | 7.82% | 3.11% | 2.58% | 2.49% | 1.91% | 2.10% |
| DIIs | 5.35% | 5.01% | 4.53% | 10.45% | 10.94% | 8.09% | 7.99% | 2.34% | 2.10% | 2.18% | 2.18% | 2.91% |
| Public | 24.20% | 25.48% | 26.94% | 22.39% | 20.35% | 24.14% | 24.05% | 34.42% | 26.50% | 26.51% | 27.08% | 26.18% |
| No. of Shareholders | 42,346 | 48,541 | 45,772 | 41,861 | 40,839 | 43,244 | 41,197 | 37,294 | 33,522 | 35,636 | 34,179 | 32,640 |
Fundamentals
Market Cap₹ 3,106 Cr.
Current Price₹ 783
Stock P/E42.3
Book Value₹ 319
ROCE7.88 %
ROE4.55 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)45%
Compounded Profit Growth (TTM)232%
Consolidated figures.
Valuation
Market capRs 2,962 Cr
Enterprise valueRs 2,876 Cr
P/E (TTM)40.33x
Price to book2.34x
Price to sales0.85x
EV / EBITDA12.17x
EV / EBIT20.03x
EV / sales0.83x
Price to cash flow9.17x
Earnings yield2.48%
P/E, 3-year average35.24x
P/B, 3-year average2.20x
P/E, 5-year average27.13x
P/B, 5-year average2.49x
Profitability
Operating margin (excl. other income)6.05%
Operating margin (incl. other income)6.55%
EBITDA margin6.78%
Pre-tax margin2.93%
Net profit margin2.11%
Net margin, latest quarter2.15%
ROE4.49%
ROCE7.79%
ROA2.04%
ROE, 3-year average8.05%
ROCE, 3-year average11.84%
ROA, 3-year average3.69%
ROE, 5-year average13.83%
ROCE, 5-year average19.13%
ROA, 5-year average6.90%
ROIC (approx.)9.09%
Tax rate25.38%
Other income / net worth1.26%
Growth
Sales growth (latest year)25.34%
Profit growth (latest year)-1.60%
Sales CAGR, 3 years17.56%
Sales CAGR, 5 years20.47%
Profit CAGR, 3 years-25.06%
Profit CAGR, 5 years-7.40%
Sales growth QoQ-23.47%
Profit growth QoQ-13.04%
Sales growth YoY (latest quarter)64.84%
Profit growth YoY (latest quarter)4266.67%
Per share
EPS (TTM)Rs 18.52
EPS (latest year)Rs 14.01
EPS (latest quarter)Rs 4.63
EPS, 3-year averageRs 20.80
EPS, 5-year averageRs 29.07
Book value per shareRs 318.84
Sales per shareRs 878.96
Cash flow per shareRs 81.43
Free cash flow per shareRs 32.79
Dividend per share, 5-year averageRs 3.75
Dividends
Dividend payout, 5-year average8.81%
Efficiency
Asset turnover1.02x
Fixed asset turnover7.62x
Inventory turnover7.87x
Inventory days46 days
Debtor days108 days
Debtors turnover3.39x
Creditor days143 days
Cash conversion cycle71 days
Working capital days21 days
Leverage
Total debtRs 330 Cr
Cash and bankRs 416 Cr
Net debtRs -85 Cr
Debt to equity0.26x
Net debt / EBITDA-0.36x
Interest coverage3.45x
Current ratio (filing 2026-03-31)1.33x
Quick ratio (filing 2026-03-31)1.14x
Trade payables (filing 2026-03-31)Rs 465 Cr
Owners' fund to total sources40.92%
Debt to assets10.69%
Cash flow
Cash from Operating Activity (latest year)Rs 323 Cr
Cash from Investing Activity (latest year)Rs -152 Cr
Cash from Financing Activity (latest year)Rs 10 Cr
Net Cash Flow (latest year)Rs 180 Cr
Free cash flow (latest year)Rs 130 Cr
FCFE (approx.: FCF + change in debt)Rs 189 Cr
Cash from ops / profit, 5 years0.64x
Sales to cash flow9.75x
Statement figures
Net sales (TTM)Rs 3,484 Cr
Net sales (latest year)Rs 3,149 Cr
Sales (latest quarter)Rs 853 Cr
Operating profit excl. other income (latest year)Rs 190 Cr
Operating profit (latest quarter)Rs 55 Cr
Other income (TTM)Rs 17 Cr
EBITDA (TTM)Rs 236 Cr
PBDT (TTM)Rs 195 Cr
Profit before tax (TTM)Rs 102 Cr
Tax (latest year)Rs 19 Cr
Net profit (TTM)Rs 73 Cr
Net profit (latest year)Rs 56 Cr
Net profit (latest quarter)Rs 18 Cr
Depreciation (TTM)Rs 93 Cr
Depreciation (latest quarter)Rs 23 Cr
Interest (TTM)Rs 42 Cr
Cost of goods sold (latest year)Rs 2,737 Cr
Total expenditure (latest year)Rs 2,958 Cr
Total income (latest year)Rs 3,165 Cr
Share capitalRs 40 Cr
ReservesRs 1,224 Cr
Shareholders' fundsRs 1,264 Cr
Total assetsRs 3,089 Cr
Net blockRs 413 Cr
Capital work in progressRs 1 Cr
InvestmentsRs 1 Cr
ReceivablesRs 928 Cr
InventoryRs 348 Cr
Other liabilitiesRs 1,495 Cr
Shares outstanding (crore)3.96
Ownership
Promoter holding68.82% (+8.68 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 40.3 is at the 77th percentile of its own 9.4-year range
(median 23.5, low 11.9, high 166.2).
P/B 2.34 is at the 2th percentile (median 3.69).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | PSPPROJECT | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -6.9% | -2.8% | -4.1 pts |
| 1 month | -14.6% | -6.8% | -7.8 pts |
| 3 months | -27.2% | -7.6% | -19.6 pts |
| 6 months | +29.8% | +0.4% | +29.4 pts |
| 1 year | -3.2% | -9.9% | +6.7 pts |
| 2 years | +8.5% | -13.6% | +22.1 pts |
| 3 years | -6.4% | +14.2% | -20.5 pts |
| 5 years | +45.7% | +27.9% | +17.8 pts |
7 mutual fund schemes hold about ₹93 Cr.
Over three months 7 bought more and 0 sold (share counts, price move removed).
| Fund | Weight | Est. Cr | 3m shares |
|---|---|---|---|
| ICICI Pru Infrastructure Fund | 0.50% | 43 | +20% |
| Bank of India Mfg & Infra Fund(Q | 2.08% | 20 | +13% |
| Bank of India Multi Cap Fund | 1.03% | 14 | +9% |
| Tata ELSS-Tax Saver Fund | 0.17% | 8 | +63% |
| JM Small Cap Fund | 0.71% | 7 | +12% |
| Tata Dividend Yield Fund | 0.19% | 2 | +89% |
| Motilal Oswal BSE 1000 Index Fund | 0.01% | 0 | +14% |
Red flags
F-score 5 of 8| explain | Receivables outrunning sales Receivables grew 75% vs sales +25% in 2026 |
| look | Auditor change Auditor change 2026-04-30: PSP Projects Limited has informed the Exchange regarding Change in Auditors of the company. |
| look | Regulator order or action Regulator order or action 2026-02-21: PSP Projects Limited has informed the Exchange about Action(s) taken or orders passed |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹853 Cr +64.7% vs Jun 2025.
Net profit ₹18 Cr.
Against our estimate for Jun 2026: sales +11.7%, profit +15.1% in line. Our estimate for Sep 2026: sales Rs 1,125 Cr, profit Rs 24 Cr (how).
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Larsen & Toubro Ltd | 515,837 | 29.3 | 14.6 % |
| Rail Vikas Nigam Ltd | 41,263 | 45.9 | 10.8 % |
| Kalpataru Projects International Ltd | 23,312 | 21.0 | 18.3 % |
| NBCC (India) Ltd | 21,063 | 30.8 | 29.3 % |
| Cemindia Projects Ltd | 21,015 | 34.9 | 32.8 % |
| IRB Infrastructure Developers Ltd | 20,508 | 20.8 | 7.47 % |
| Engineers India Ltd | 17,435 | 22.2 | 30.4 % |
| Central Mine Planning & Design Institute Ltd | 15,217 | 23.3 | 38.1 % |
| Techno Electric & Engineering Company Ltd | 11,748 | 22.8 | 15.2 % |
| Welspun Enterprises Ltd | 10,302 | 29.1 | 16.7 % |
| KEC International Ltd | 10,072 | 16.8 | 16.5 % |
| Ircon International Ltd | 9,637 | 18.4 | 9.27 % |
| Rites Ltd | 9,242 | 22.1 | 23.0 % |
| Afcons Infrastructure Ltd | 9,014 | 44.0 | 13.9 % |
| NCC Ltd | 8,053 | 11.2 | 16.8 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2023-09-01 | Annual General Meeting/Dividend - Rs 2.50 Per Share | |
| 2022-09-19 | Annual General Meeting/Dividend - Rs 5 Per Share | |
| 2021-09-08 | Annual General Meeting/Dividend - Rs 4 Per Share | |
| 2020-03-19 | Interim Dividend - Rs 5 Per Share | |
| 2019-09-06 | Annual General Meeting/Dividend - Rs 5 Per Share | |
| 2018-09-18 | Annual General Meeting/Dividend Rs 5 Per Share | |
| 2017-09-14 | Annual General Meeting/Dividend - Rs 2.50 Per Share |
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of PSP Projects Ltd?
PSP Projects Ltd (PSPPROJECT) has a market capitalisation of Rs 3,106 Cr. at the 2026-10-01 close.
What is the P/E ratio of PSP Projects Ltd?
PSP Projects Ltd trades at a P/E of 42.3 on trailing twelve-month profit, at the 2026-10-01 close.
What were PSP Projects Ltd's latest quarterly results?
In the Jun 2026 quarter, PSP Projects Ltd sales was Rs 853 Cr (+64.7% vs Jun 2025) and net profit was Rs 18 Cr.
What is the 52-week high and low of PSP Projects Ltd?
The 52-week high is Rs 1,143.00 and the 52-week low is Rs 569.20.