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Last Updated: April 2, 2026, 3:27 am
Author: Getaka|Social: XLinkedIn

Pansari Developers Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹93.49Overvalued by 63.05%vs CMP ₹253.00

P/E (26.0) × ROE (5.7%) × BV (₹76.90) × DY (2.00%)

₹110.23Overvalued by 56.43%vs CMP ₹253.00
MoS: -129.5% (Negative)Confidence: 65/100 (Moderate)Models: All 8: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹127.2326%Over (-49.7%)
Graham NumberEarnings₹129.9519%Over (-48.6%)
DCFCash Flow₹180.9513%Over (-28.5%)
Net Asset ValueAssets₹76.848%Over (-69.6%)
EV/EBITDAEnterprise₹33.8011%Over (-86.6%)
Earnings YieldEarnings₹97.608%Over (-61.4%)
ROCE CapitalReturns₹113.768%Over (-55%)
Revenue MultipleRevenue₹22.906%Over (-90.9%)
Consensus (8 models)₹110.23100%Overvalued
Key Drivers: EPS CAGR 36.1% lifts DCF — verify sustainability. | Wide model spread (₹23–₹181) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 36.1%

*Investments are subject to market risks

Investment Snapshot

57
Pansari Developers Ltd scores 57/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health50/100 · Moderate
ROCE 6.4% WeakROE 5.7% WeakD/E 0.93 ModerateInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 73.9% Stable
Earnings Quality55/100 · Moderate
OPM expanding (17% → 23%) ImprovingWorking capital: 296 days Capital intensive
Quarterly Momentum80/100 · Strong
Revenue (4Q): +42% YoY AcceleratingProfit (4Q): +158% YoY StrongOPM: 14.7% (down 12.8% YoY) Margin pressure
Industry Rank45/100 · Moderate
P/E 26.0 vs industry 41.3 Cheaper than peersROCE 6.4% vs industry 12.1% Below peers3Y sales CAGR: -13% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:27 am

Market Cap 442 Cr.
Current Price 253
Intrinsic Value₹110.23
High / Low 352/151
Stock P/E26.0
Book Value 76.9
Dividend Yield0.00 %
ROCE6.38 %
ROE5.73 %
Face Value 10.0
PEG Ratio0.72

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Pansari Developers Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Pansari Developers Ltd 442 Cr. 253 352/15126.0 76.90.00 %6.38 %5.73 % 10.0
Zodiac Energy Ltd 365 Cr. 241 563/20418.4 66.80.31 %20.0 %27.5 % 10.0
HEC Infra Projects Ltd 108 Cr. 99.4 184/82.08.86 52.30.00 %19.0 %21.0 % 10.0
Reliance Industrial Infrastructure Ltd 1,007 Cr. 667 1,048/61798.4 2820.52 %2.71 %2.32 % 10.0
Power Mech Projects Ltd 5,931 Cr. 1,876 3,415/1,71817.5 7230.07 %22.9 %16.3 % 10.0
Industry Average2,826.00 Cr318.3941.33123.850.83%12.09%10.71%10.00

All Competitor Stocks of Pansari Developers Ltd

Quarterly Result

MetricSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 5.448.584.558.046.0130.2212.227.6321.3018.6817.7427.5737.21
Expenses 4.227.423.366.044.7126.9411.485.2915.4511.9312.1023.5331.75
Operating Profit 1.221.161.192.001.303.280.742.345.856.755.644.045.46
OPM % 22.43%13.52%26.15%24.88%21.63%10.85%6.06%30.67%27.46%36.13%31.79%14.65%14.67%
Other Income 0.040.160.540.601.331.092.170.842.582.291.172.101.51
Interest 0.090.060.551.111.221.260.801.002.791.470.850.590.68
Depreciation 0.460.480.500.440.450.450.590.992.970.210.710.590.56
Profit before tax 0.710.780.681.050.962.661.521.192.677.365.254.965.73
Tax % 35.21%23.08%29.41%20.95%14.58%22.56%1.97%21.01%21.35%26.90%20.95%34.48%26.00%
Net Profit 0.460.610.480.830.822.071.490.942.115.394.143.264.24
EPS in Rs 0.260.350.280.480.471.190.850.541.213.092.371.872.43

Last Updated: March 3, 2026, 3:53 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 7:46 am

MetricMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1073610353660235640101
Expenses 6413828275318492779
Operating Profit 43232798571322
OPM % 43%45%58%55%18%21%25%13%20%13%32%22%
Other Income 211341101557
Interest 111223411444
Depreciation 000111122232
Profit before tax 63242455361023
Tax % 9%19%24%22%21%27%24%25%26%16%25%
Net Profit 5313234425817
EPS in Rs 23.6012.360.711.851.121.582.162.091.152.994.309.76
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-40.00%-66.67%200.00%-33.33%50.00%33.33%0.00%-50.00%150.00%60.00%
Change in YoY Net Profit Growth (%)0.00%-26.67%266.67%-233.33%83.33%-16.67%-33.33%-50.00%200.00%-90.00%

Pansari Developers Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2015-2016 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:15%
5 Years:3%
3 Years:-13%
TTM:-29%
Compounded Profit Growth
10 Years:4%
5 Years:25%
3 Years:27%
TTM:47%
Stock Price CAGR
10 Years:%
5 Years:66%
3 Years:31%
1 Year:107%
Return on Equity
10 Years:4%
5 Years:4%
3 Years:4%
Last Year:6%

Last Updated: September 5, 2025, 12:05 pm

Balance Sheet

Last Updated: December 10, 2025, 3:12 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Equity Capital 2.142.1417.4517.4517.4517.4517.4517.4517.4517.4517.45
Reserves 37.7538.4334.5437.7639.7042.4693.41101.91103.98109.20116.79
Borrowings 9.8117.4959.0963.8969.6873.5962.0254.1781.4986.11100.95
Other Liabilities 54.0070.6374.0982.1996.2874.1573.1246.8783.82113.79175.41
Total Liabilities 103.70128.69185.17201.29223.11207.65246.00220.40286.74326.55410.60
Fixed Assets 0.650.5511.6423.3925.0331.8176.5374.7574.5092.9991.87
CWIP 0.000.440.000.000.000.000.000.000.000.000.00
Investments 11.1911.470.440.400.400.523.318.938.758.598.64
Other Assets 91.86116.23173.09177.50197.68175.32166.16136.72203.49224.97310.09
Total Assets 103.70128.69185.17201.29223.11207.65246.00220.40286.74326.55410.60

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 1-15-299452010-2211-16
Cash from Investing Activity + -09-22-11-4-5-40-5-105
Cash from Financing Activity + -17512-10-15-1127011
Net Cash Flow 11-100-01-1-02-0
Free Cash Flow 1-16-29-54-61910-23-0-18
CFO/OP 109%-510%-1,686%286%283%79%228%144%-438%167%-110%

Free Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-5.81-14.49-57.09-60.89-67.68-66.59-53.02-46.17-76.49-79.11-87.95

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 76.00216.88962.84241.71247.8139.3359.1513.6958.5493.0164.29
Inventory Days 1,917.04764.30
Days Payable 24.349.54
Cash Conversion Cycle 76.00216.88962.84241.71247.8139.331,951.85768.4558.5493.0164.29
Working Capital Days 1,953.242,873.055,096.162,451.152,086.23552.95501.50239.78583.90132.67296.42
ROCE %7.44%3.09%5.12%3.67%4.86%5.61%3.60%1.81%5.03%6.38%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 73.88%73.88%73.88%73.88%73.88%73.88%73.88%73.88%73.88%73.88%73.88%73.88%
Public 26.12%26.12%26.12%26.12%26.12%26.12%26.12%26.12%26.12%26.12%26.12%26.12%
No. of Shareholders 8558459551,1791,3871,4381,1771,1461,2871,1691,1431,169

Shareholding Pattern Chart

No. of Shareholders

Pansari Developers Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 4.302.981.152.092.14
Diluted EPS (Rs.) 4.302.981.152.092.14
Cash EPS (Rs.) 6.124.092.223.132.82
Book Value[Excl.RevalReserv]/Share (Rs.) 52.4848.1344.7768.4136.47
Book Value[Incl.RevalReserv]/Share (Rs.) 76.9472.5969.5968.4136.47
Revenue From Operations / Share (Rs.) 22.9132.3813.2934.5320.69
PBDIT / Share (Rs.) 10.017.173.084.625.59
PBIT / Share (Rs.) 8.206.072.013.584.91
PBT / Share (Rs.) 5.753.551.562.792.83
Net Profit / Share (Rs.) 4.302.981.152.092.14
NP After MI And SOA / Share (Rs.) 4.302.981.152.092.14
PBDIT Margin (%) 43.7022.1323.1413.3827.03
PBIT Margin (%) 35.7618.7315.1210.3523.73
PBT Margin (%) 25.1110.9611.718.0613.65
Net Profit Margin (%) 18.769.218.676.0410.32
NP After MI And SOA Margin (%) 18.769.218.676.0410.32
Return on Networth / Equity (%) 8.196.202.573.055.85
Return on Capital Employeed (%) 9.717.492.414.6410.14
Return On Assets (%) 1.821.590.701.651.87
Long Term Debt / Equity (X) 0.000.000.120.000.18
Total Debt / Equity (X) 1.101.031.040.450.93
Asset Turnover Ratio (%) 0.100.180.090.180.14
Current Ratio (X) 1.131.121.341.471.37
Quick Ratio (X) 0.510.530.470.270.20
Inventory Turnover Ratio (X) 0.290.000.000.000.00
Interest Coverage Ratio (X) 4.102.856.785.852.68
Interest Coverage Ratio (Post Tax) (X) 2.762.193.543.642.02
Enterprise Value (Cr.) 378.17222.71221.40281.62148.10
EV / Net Operating Revenue (X) 9.463.949.554.674.10
EV / EBITDA (X) 21.6417.8141.2634.9215.17
MarketCap / Net Operating Revenue (X) 6.992.466.073.792.51
Price / BV (X) 3.051.661.801.911.43
Price / Net Operating Revenue (X) 6.992.466.073.792.51
EarningsYield 0.020.030.010.010.04

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Pansari Developers Ltd. is a Public Limited Listed company incorporated on 22/04/1996 and has its registered office in the State of West Bengal, India. Company's Corporate Identification Number(CIN) is L72200WB1996PLC079438 and registration number is 079438. Currently company belongs to the Industry of Project Consultancy/Turnkey. Company's Total Operating Revenue is Rs. 36.47 Cr. and Equity Capital is Rs. 17.45 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Project Consultancy/Turnkey14, N.S. Road, 4th Floor, Kolkata West Bengal 700001Contact not found
Management
NamePosition Held
Mr. Mahesh Kumar AgarwalManaging Director
Mr. Ankit AgarwalWhole Time Director
Mr. Manoj AgarwalInd. Non-Executive Director
Mr. Debasish BalInd. Non-Executive Director
Mrs. Garima AgarwalInd. Non-Executive Director
Ms. Shreya AgarwalNon Executive Director

FAQ

What is the intrinsic value of Pansari Developers Ltd and is it undervalued?

As of 15 April 2026, Pansari Developers Ltd's intrinsic value is ₹110.23, which is 56.43% lower than the current market price of ₹253.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (5.73 %), book value (₹76.9), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Pansari Developers Ltd?

Pansari Developers Ltd is trading at ₹253.00 as of 15 April 2026, with a FY2026-2027 high of ₹352 and low of ₹151. The stock is currently in the middle of its 52-week range. Market cap stands at ₹442 Cr..

How does Pansari Developers Ltd's P/E ratio compare to its industry?

Pansari Developers Ltd has a P/E ratio of 26.0, which is below the industry average of 41.33. This is broadly in line with or below the industry average.

Is Pansari Developers Ltd financially healthy?

Key indicators for Pansari Developers Ltd: ROCE of 6.38 % is on the lower side compared to the industry average of 12.09%; ROE of 5.73 % is below ideal levels (industry average: 10.71%). Dividend yield is 0.00 %.

Is Pansari Developers Ltd profitable and how is the profit trend?

Pansari Developers Ltd reported a net profit of ₹8 Cr in Mar 2025 on revenue of ₹40 Cr. Compared to ₹4 Cr in Mar 2022, the net profit shows an improving trend.

Does Pansari Developers Ltd pay dividends?

Pansari Developers Ltd has a dividend yield of 0.00 % at the current price of ₹253.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Pansari Developers Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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