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Last Updated on: 28 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Parsvnath Developers Ltd

About the Company - Parsvnath Developers Ltd

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 & ContractingParsvnath 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 SetiaAdditional Director
Dr.(Ms.) Rakshita ShharmaAdditional Director

Parsvnath Developers Ltd. Share Price Update

Share PriceValue
Today₹15.61
Previous Day₹15.92

Basic Stock Data of Parsvnath Developers Ltd

Market Cap 685 Cr.
Current Price 15.7
High / Low17.3/6.00
Stock P/E
Book Value 31.6
Dividend Yield0.00 %
ROCE4.78 %
ROE%
Face Value 5.00

Data Source: screener.in

Competitors of Parsvnath Developers Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
SS Infrastructure Development Consultants Ltd (SSINFRA) 6.80 Cr. 4.808.10/4.60 32.40.00 %2.48 %9.56 % 10.0
Abhishek Infraventures Ltd 3.14 Cr. 6.227.80/3.3528.5 8.340.00 %0.00 %0.00 % 10.0
Tantia Constructions Ltd 759 Cr. 49.049.2/8.4082.3 16.00.00 %0.05 %0.94 % 1.00
Welspun Enterprises Ltd 4,496 Cr. 325383/11712.8 1580.31 %9.99 %13.1 % 10.0
Brigade Enterprises Ltd 23,424 Cr. 1,0141,108/44693.9 1460.20 %8.41 %6.34 % 10.0
Industry Average5,737.79 Cr279.8043.5072.150.10%4.19%5.99%8.20

Parsvnath Developers Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales3360242334029852854426428054113
Expenses2971251293523565268347037586109
Operating Profit4-11-84464-124-159-6-95-334
OPM %11%-18%-3%11%11%21%-23%-28%21%-9%-34%-60%4%
Other Income1414315734324-9525
Interest104120110877511812094969610611569
Depreciation47151081721141414251414
Profit before tax-91-124-102-89-72-69-259-120-99-112-321-161-75
Tax %-2%-2%-7%-0%-6%0%0%-0%-0%-44%-30%-22%0%
Net Profit-93-126-110-89-76-69-259-120-99-161-421-195-75
EPS in Rs-2.15-2.90-2.52-2.05-1.75-1.58-5.96-2.76-2.29-3.70-9.68-4.49-1.72

Parsvnath Developers Ltd Quarterly Chart

Parsvnath Developers Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales8926335557583992751929101,189357897438441
Expenses4703733464343102022139621,133373951546566
Operating Profit4222602093258973-22-5256-16-55-107-125
OPM %47%41%38%43%22%26%-11%-6%5%-5%-6%-25%-28%
Other Income762718-45236281614777119-86-87
Interest281143175180186234324335481433395393414
Depreciation1513135292830292737596667
Profit before tax20113239-313-90-161-360-402-375-415-490-652-693
Tax %66%45%58%64%45%8%10%9%3%-3%-1%-23%
Net Profit567316-113-49-149-324-367-363-428-494-801-877
EPS in Rs1.291.640.37-2.47-0.85-3.32-7.29-8.35-7.96-9.82-11.31-18.39-20.15
Dividend Payout %-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%

Parsvnath Developers Ltd Profit & Loss Yearly Chart

AGI Infra Ltd Growth

Compounded Sales Growth
10 Years:-4%
5 Years:18%
3 Years:-28%
TTM:-5%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:3%
Stock Price CAGR
10 Years:-4%
5 Years:22%
3 Years:28%
1 Year:134%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:%

Parsvnath Developers Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Equity Capital218218218218218218218218218218218218
Reserves2,4522,5072,5622,4542,4132,2651,947725390-37-521-1,320
Borrowings2,2322,5403,1393,0923,1263,9114,4004,2153,1433,5193,5373,427
Other Liabilities1,8312,1582,2131,5311,7121,5631,8254,5304,3394,1593,6914,051
Total Liabilities6,7327,4238,1327,2947,4697,9568,3909,6888,0897,8596,9256,375
Fixed Assets2282141635164805755485648609009191,028
CWIP592789848625678647747814915927835902
Investments28281515791515303344390390175
Other Assets5,8846,3927,1066,1396,2326,7207,0818,0075,9715,6424,7814,270
Total Assets6,7327,4238,1327,2947,4697,9568,3909,6888,0897,8596,9256,375

Parsvnath Developers Ltd 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

Parsvnath Developers Ltd 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%

Parsvnath Developers Ltd Financial Efficiency Indicators Chart

Parsvnath Developers Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters68.78%69.14%69.14%69.14%69.14%68.56%66.26%66.30%66.30%66.30%66.30%66.30%
FIIs0.44%0.44%0.45%0.46%0.46%0.36%0.16%0.16%0.16%0.16%0.17%0.16%
DIIs0.45%0.09%0.09%0.09%0.09%0.08%0.09%0.01%0.01%0.01%0.01%0.01%
Public30.33%30.33%30.33%30.31%30.31%30.99%33.49%33.53%33.53%33.53%33.52%33.53%
No. of Shareholders1,27,5521,25,9981,25,3701,33,1631,32,9821,31,7261,32,0021,31,4491,29,9321,28,1031,28,3111,26,599

Parsvnath Developers Ltd Shareholding Pattern Chart

No. of Parsvnath Developers Ltd Shareholders

This stock is not held by any mutual fund

Parsvnath Developers Ltd ROCE Trend

Parsvnath Developers Ltd EPS Trend

Parsvnath Developers Ltd 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

Parsvnath Developers Ltd Profitability Ratios (%)

Parsvnath Developers Ltd Liquidity Ratios

Parsvnath Developers Ltd Liquidity Ratios (%)

Parsvnath Developers Ltd Interest Coverage Ratios (%)

Parsvnath Developers Ltd Valuation Ratios

Fair Value / Intrinsic Value of Parsvnath Developers Ltd

Fair Value: ₹72.52

The stock is undervalued by 361.92% compared to the current price ₹15.7

*Investments are subject to market risks

Strength and Weakness of Parsvnath Developers Ltd

StrengthWeakness
    1. The stock is trading at a high valuation with an average P/B ratio of -0.73 and average Dividend Yield of -6.18%.
    2. The stock has a low average ROCE of 1.58%, which may not be favorable.
    3. The stock has a high average Working Capital Days of 118.25, which may not be favorable.
    4. The stock has a high average Cash Conversion Cycle of 134.75, which may not be favorable.
    5. The company has higher borrowings (3,356.75) compared to reserves (1,319.75), which may suggest financial risk.
    6. The company has not shown consistent growth in sales (519.08) and profit (-275.31).

    Should I Buy Parsvnath Developers Ltd Share Now?

    • Considering various financial indicators, investors might exercise caution regarding 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: 7.33%)
        • 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. 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.
      4. 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.
      5. ✓ Stock P/E of N/A (Industry average Stock P/E: 19.18)
        • 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.
      6. ✓ 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

    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