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Last Updated on: 25 June, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Parsvnath Developers Ltd

Basic Stock Data

Last Updated: June 25, 2024, 10:27 pm

Market Cap 554 Cr.
Current Price 12.8
High / Low17.3/7.05
Stock P/E
Book Value 39.0
Dividend Yield0.00 %
ROCE5.18 %
ROE%
Face Value 5.00
PEG Ratio0.00

Competitors of Parsvnath Developers Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
SPML Infra Ltd – a Multi-sector Infrastructure Player 841 Cr. 172189/33.2 94.00.00 %3.50 %0.55 % 2.00
SS Infrastructure Development Consultants Ltd (SSINFRA) 6.80 Cr. 4.806.50/4.60 32.40.00 %2.48 %9.56 % 10.0
PNC Infratech Ltd 12,569 Cr. 490575/31013.8 2020.10 %16.1 %19.2 % 2.00
Ansal Properties & Infrastructure Ltd 150 Cr. 9.2815.0/8.00 41.70.00 %%% 5.00
Rail Vikas Nigam Ltd 84,912 Cr. 407432/11753.9 42.00.52 %18.4 %19.6 % 10.0
Industry Average7,547.55 Cr310.8837.69142.730.10%13.45%51.26%6.63

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales60242334029852854426428054113208
Expenses71251293523565268347037586109155
Operating Profit-11-84464-124-159-6-95-33452
OPM %-18%-3%11%11%21%-23%-28%21%-9%-34%-60%4%25%
Other Income14315734324-95252
Interest12011087751181209496961061156956
Depreciation715108172114141425141415
Profit before tax-124-102-89-72-69-259-120-99-112-321-161-75-16
Tax %-2%-7%-0%-6%0%0%-0%-0%-44%-30%-22%0%0%
Net Profit-126-110-89-76-69-259-120-99-161-421-195-75-16
EPS in Rs-2.90-2.52-2.05-1.75-1.58-5.96-2.76-2.29-3.70-9.68-4.49-1.72-0.38

Last Updated: June 11, 2024, 3:11 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 27, 2024, 5:53 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales8926335557583992751929101,189357897438655
Expenses4703733464343102022139621,133373951546727
Operating Profit4222602093258973-22-5256-16-55-107-71
OPM %47%41%38%43%22%26%-11%-6%5%-5%-6%-25%-11%
Other Income762718-45236281614777119-86-87
Interest281143175180186234324335481433395393347
Depreciation1513135292830292737596668
Profit before tax20113239-313-90-161-360-402-375-415-490-652-573
Tax %66%45%58%64%45%8%10%9%3%-3%-1%-23%
Net Profit567316-113-49-149-324-367-363-428-494-801-708
EPS in Rs1.291.640.37-2.47-0.85-3.32-7.29-8.35-7.96-9.82-11.31-18.39-16.27
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)30.36%-78.08%-806.25%56.64%-204.08%-117.45%-13.27%1.09%-17.91%-15.42%-62.15%
Change in YoY Net Profit Growth (%)0.00%-108.44%-728.17%862.89%-260.72%86.63%104.18%14.36%-19.00%2.49%-46.73%

Growth

Compounded Sales Growth
10 Years:-2%
5 Years:-13%
3 Years:9%
TTM:6%
Compounded Profit Growth
10 Years:%
5 Years:-25%
3 Years:-21%
TTM:8%
Stock Price CAGR
10 Years:-9%
5 Years:29%
3 Years:-7%
1 Year:58%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Last Updated: June 25, 2024, 4:57 pm

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital218218218218218218218218218218218218218
Reserves2,4522,5072,5622,4542,4132,2651,947725390-37-521-1,320-1,591
Borrowings2,2322,5403,1393,0923,1263,9114,4004,2153,1433,5193,5373,4273,395
Other Liabilities1,8312,1582,2131,5311,7121,5631,8254,5304,3394,1593,6914,0514,225
Total Liabilities6,7327,4238,1327,2947,4697,9568,3909,6888,0897,8596,9256,3756,247
Fixed Assets2282141635164805755485648609009191,0281,926
CWIP59278984862567864774781491592783590221
Investments28281515791515303344390390175175
Other Assets5,8846,3927,1066,1396,2326,7207,0818,0075,9715,6424,7814,2704,125
Total Assets6,7327,4238,1327,2947,4697,9568,3909,6888,0897,8596,9256,3756,247

Reserves and Borrowings Chart

Parsvnath Developers Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 17093-264562-32-332851,3101,563259550374
Cash from Investing Activity -51-125-112-7-48-152-90-470-11-4739-59
Cash from Financing Activity -11014425-463-694600-815-1,576-179-608-325
Net Cash Flow9-184893-149-23-626-2533-18-10

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow420.00258.00206.00322.0086.0070.00-26.00-56.0053.00-19.00-58.00-110.00

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days2784134313196028361,21011786339117217
Inventory Days6,46118,69625,8282,6491,9705,8621,6323,142
Days Payable2,0885,1955,891397365962319670
Cash Conversion Cycle4,65141313,93231920,5398361,2102,3681,6915,2391,4302,688
Working Capital Days1,4422,1432,6521,6982,4074,3145,4454041951,259324478
ROCE %9%5%4%6%2%1%-1%-1%2%0%-3%-5%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters69.14%69.14%69.14%69.14%68.56%66.26%66.30%66.30%66.30%66.30%66.30%66.30%
FIIs0.44%0.45%0.46%0.46%0.36%0.16%0.16%0.16%0.16%0.17%0.16%0.16%
DIIs0.09%0.09%0.09%0.09%0.08%0.09%0.01%0.01%0.01%0.01%0.01%0.01%
Public30.33%30.33%30.31%30.31%30.99%33.49%33.53%33.53%33.53%33.52%33.53%33.54%
No. of Shareholders1,25,9981,25,3701,33,1631,32,9821,31,7261,32,0021,31,4491,29,9321,28,1031,28,3111,26,5991,23,915

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)-18.39-11.31-9.82-7.96-8.36
Diluted EPS (Rs.)-18.39-11.31-9.82-7.96-8.36
Cash EPS (Rs.)-16.85-10.03-9.04-7.73-7.78
Book Value[Excl.RevalReserv]/Share (Rs.)-23.31-6.714.2114.0423.43
Book Value[Incl.RevalReserv]/Share (Rs.)-23.31-6.714.2114.0423.43
Revenue From Operations / Share (Rs.)10.1220.668.2327.3820.93
PBDIT / Share (Rs.)-1.59-0.851.503.05-0.86
PBIT / Share (Rs.)-3.11-2.170.712.43-1.52
PBT / Share (Rs.)-14.99-11.25-9.53-8.62-9.23
Net Profit / Share (Rs.)-18.36-11.35-9.83-8.35-8.44
NP After MI And SOA / Share (Rs.)-18.41-11.35-9.83-8.35-8.44
PBDIT Margin (%)-15.69-4.1318.2811.15-4.10
PBIT Margin (%)-30.70-10.518.698.88-7.28
PBT Margin (%)-148.13-54.47-115.76-31.48-44.08
Net Profit Margin (%)-181.50-54.93-119.46-30.48-40.32
NP After MI And SOA Margin (%)-181.97-54.93-119.46-30.48-40.32
Return on Networth / Equity (%)0.000.00-236.66-59.80-38.98
Return on Capital Employeed (%)-6.27-3.811.113.45-1.57
Return On Assets (%)-12.56-7.13-5.44-4.49-3.79
Long Term Debt / Equity (X)-1.77-6.9211.803.253.29
Total Debt / Equity (X)-2.69-10.6213.913.903.79
Asset Turnover Ratio (%)0.060.110.040.130.10
Current Ratio (X)0.910.931.011.061.11
Quick Ratio (X)0.110.110.150.140.14
Inventory Turnover Ratio (X)0.010.000.000.000.00
Interest Coverage Ratio (X)-0.17-0.090.140.27-0.11
Interest Coverage Ratio (Post Tax) (X)-0.71-0.240.040.24-0.09
Enterprise Value (Cr.)3236.483805.902775.842367.723825.85
EV / Net Operating Revenue (X)7.354.237.751.994.20
EV / EBITDA (X)-46.85-102.3842.3917.81-102.18
MarketCap / Net Operating Revenue (X)0.620.731.030.040.29
Price / BV (X)-0.24-2.172.050.090.28
Price / Net Operating Revenue (X)0.620.731.030.040.29
EarningsYield-2.93-0.75-1.16-6.42-1.38

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 89.51

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 599.26% compared to the current price 12.8

Default values used*: Deafault value of 15 for Stock P/E is used, Deafault value of 15% for ROE is used

Intrinsic Value: 57.29

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 347.56% compared to the current price ₹12.8

Default values used*: Deafault value of 15 for Stock P/E is used, Deafault value of 15% for ROE is used

Last 5 Year EPS CAGR: -36.00%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
    1. The stock has a low average ROCE of 1.58%, which may not be favorable.
    2. The stock has a high average Working Capital Days of 118.25, which may not be favorable.
    3. The stock has a high average Cash Conversion Cycle of 134.75, which may not be favorable.
    4. The company has higher borrowings (3,359.69) compared to reserves (1,095.85), which may suggest financial risk.
    5. The company has not shown consistent growth in sales (535.54) and profit (-266.08).

    Stock Analysis

    • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Parsvnath Developers Ltd:
      1. Net Profit Margin: -181.50%
        • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
      2. ROCE: -6.27% (Industry Average ROCE: 11.94%)
        • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
      3. ROE%: 0.00% (Industry Average ROE: 9.7%)
        • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
      4. Interest Coverage Ratio (Post Tax): -0.71
        • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
      5. Quick Ratio: 0.11
        • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
      6. Stock P/E: (Industry average Stock P/E: 20.44)
        • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
      7. Total Debt / Equity: -2.69
        • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
      The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
      Stock Rating:

    About the Company

    Parsvnath Developers Ltd. is a Public Limited Listed company incorporated on 24/07/1990 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L45201DL1990PLC040945 and registration number is 040945. Currently Company is involved in the business activities of Real estate activities with own or leased property. Company’s Total Operating Revenue is Rs. 744.81 Cr. and Equity Capital is Rs. 217.59 Cr. for the Year ended 31/03/2022.
    INDUSTRYADDRESSCONTACT
    Construction, Contracting & EngineeringParsvnath Tower, Near Shahdara Metro Station, Delhi Delhi 110032investors@parsvnath.com
    http://www.parsvnath.com
    Management
    NamePosition Held
    Mr. Pradeep Kumar JainFounder Chairman
    Mr. Sanjeev Kumar JainManaging Director & CEO
    Dr. Rajeev JainDirector - Marketing
    Mr. Ashok KumarInd. Non-Executive Director
    Ms. Deepa GuptaInd. Non-Executive Director
    Mr. Mahendra Nath VermaInd. Non-Executive Director
    Mr. Subhash Chander SetiaInd. Non-Executive Director
    Dr.(Ms.) Rakshita ShharmaInd. Non-Executive Director

    FAQ

    What is the latest fair value of Parsvnath Developers Ltd?

    The latest fair value of Parsvnath Developers Ltd is ₹89.50.

    What is the Market Cap of Parsvnath Developers Ltd?

    The Market Cap of Parsvnath Developers Ltd is 554 Cr..

    What is the current Stock Price of Parsvnath Developers Ltd as on 25 June 2024?

    The current stock price of Parsvnath Developers Ltd as on 25 June 2024 is ₹12.8.

    What is the High / Low of Parsvnath Developers Ltd stocks in FY 2024?

    In FY 2024, the High / Low of Parsvnath Developers Ltd stocks is 17.3/7.05.

    What is the Stock P/E of Parsvnath Developers Ltd?

    The Stock P/E of Parsvnath Developers Ltd is .

    What is the Book Value of Parsvnath Developers Ltd?

    The Book Value of Parsvnath Developers Ltd is 39.0.

    What is the Dividend Yield of Parsvnath Developers Ltd?

    The Dividend Yield of Parsvnath Developers Ltd is 0.00 %.

    What is the ROCE of Parsvnath Developers Ltd?

    The ROCE of Parsvnath Developers Ltd is 5.18 %.

    What is the ROE of Parsvnath Developers Ltd?

    The ROE of Parsvnath Developers Ltd is %.

    What is the Face Value of Parsvnath Developers Ltd?

    The Face Value of Parsvnath Developers Ltd is 5.00.

    About the Author

    Author Avatar
    Getaka

    Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

    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 Parsvnath 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