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Last Updated on: 21 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Fundamental Analysis of Puravankara Ltd

Basic Stock Data

Last Updated: July 20, 2024, 10:41 pm

Market Cap 9,703 Cr.
Current Price 409
High / Low570/94.2
Stock P/E231
Book Value 79.4
Dividend Yield1.54 %
ROCE9.90 %
ROE2.17 %
Face Value 5.00
PEG Ratio-16.80

Data Source: screener.in

Competitors of Puravankara Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
RPP Infra Projects Ltd 591 Cr. 156185/56.610.3 1120.00 %21.2 %14.5 % 10.0
A B Infrabuild Ltd 283 Cr. 57.067.0/25.424.2 16.40.00 %31.3 %33.2 % 10.0
Bharat Road Network Ltd 460 Cr. 54.798.5/29.7 22.60.00 %3.92 %45.5 % 10.0
Sumit Woods Ltd 245 Cr. 80.091.2/27.027.2 24.80.00 %13.6 %12.9 % 10.0
Parshwanath Corporation Ltd 18.4 Cr. 58.885.0/30.440.1 36.90.00 %4.20 %4.07 % 10.0
Industry Average8,210.30 Cr299.94125.38132.300.06%12.95%51.03%6.63

Quarterly Result

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Sales311.18181.50256.31221.34295.55214.85239.48392.45388.99323.26368.33573.70919.97
Expenses226.53156.28169.47161.72258.45158.19194.73282.61372.81260.37283.45377.81807.97
Operating Profit84.6525.2286.8459.6237.1056.6644.75109.8416.1862.8984.88195.89112.00
OPM %27.20%13.90%33.88%26.94%12.55%26.37%18.69%27.99%4.16%19.45%23.04%34.15%12.17%
Other Income29.39360.6216.6425.1124.5782.5013.3717.9591.0112.5513.2422.1826.87
Interest96.7587.2081.1179.5683.9387.6576.0793.81102.1698.08104.55105.05126.53
Depreciation4.754.824.474.224.133.984.155.193.815.176.476.739.68
Profit before tax12.54293.8217.900.95-26.3947.53-22.1028.791.22-27.81-12.90106.292.66
Tax %27.75%47.37%31.45%-26.32%23.99%27.54%22.08%21.67%-2,092.62%35.78%13.02%26.81%352.26%
Net Profit9.06154.6512.271.20-20.0634.44-17.2222.5526.75-17.86-11.2277.79-6.71
EPS in Rs0.386.530.520.05-0.851.45-0.720.951.12-0.75-0.473.29-0.28

Last Updated: July 11, 2024, 8:31 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: July 10, 2024, 9:01 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Sales1,2461,3101,6721,5841,4071,4152,0502,1289639551,2362,185
Expenses6698351,2871,2449981,1101,6121,6816817461,0061,730
Operating Profit577476386340409305439447282208230456
OPM %46%36%23%21%29%22%21%21%29%22%19%21%
Other Income26181847689076599342720375
Interest240241233243290251328343357332360434
Depreciation7815161615152320181728
Profit before tax356244156128171129172140-22865568
Tax %32%35%15%34%25%29%33%37%-82%48%-20%38%
Net Profit243160133831299111488-41486742
EPS in Rs11.416.755.603.495.443.854.823.73-0.176.222.801.78
Dividend Payout %11%28%28%22%41%42%21%0%0%80%36%354%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)-34.16%-16.88%-37.59%55.42%-29.46%25.27%-22.81%-104.55%3800.00%-54.73%-37.31%
Change in YoY Net Profit Growth (%)0.00%17.28%-20.72%93.02%-84.88%54.73%-48.08%-81.74%3904.55%-3854.73%17.42%

Growth

Compounded Sales Growth
10 Years:5%
5 Years:1%
3 Years:31%
TTM:77%
Compounded Profit Growth
10 Years:-13%
5 Years:-18%
3 Years:133%
TTM:-29%
Stock Price CAGR
10 Years:14%
5 Years:50%
3 Years:60%
1 Year:353%
Return on Equity
10 Years:4%
5 Years:3%
3 Years:4%
Last Year:2%

Last Updated: July 17, 2024, 5:16 pm

Balance Sheet

Last Updated: July 10, 2024, 9:01 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Equity Capital107119119119119119119119119119119119
Reserves1,7932,0552,1422,1652,2482,2751,7381,7951,7771,9231,8681,765
Borrowings1,7861,6971,7932,1722,0672,3792,8952,6702,8352,6272,9443,325
Other Liabilities3858691,1091,0901,8142,0113,9733,4873,6973,9555,1256,518
Total Liabilities4,0704,7395,1635,5466,2476,7838,7258,0718,4298,62310,05511,727
Fixed Assets86921128811412512812211196107163
CWIP101200364290312
Investments14491695251161311301321388210436
Other Assets3,8394,5564,9704,9326,0176,4918,4247,8078,1798,4429,84411,526
Total Assets4,0704,7395,1635,5466,2476,7838,7258,0718,4298,62310,05511,727

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity 4017033014-277-29-131578244134145896
Cash from Investing Activity -52-39-79-16521565-23245259513
Cash from Financing Activity 170-193-20473-43212160-579-213-529-141-313
Net Cash Flow158-624671-1883934-245513199597

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow576.00475.00385.00338.00407.00303.00437.00445.00280.00206.00228.00453.00

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 Days869096967810071455111693157
Inventory Days3,7551,3281,7186,9903,0522,438
Days Payable293145155658211216
Cash Conversion Cycle863,553961,2791,6411006,4032,8862,27311693157
Working Capital Days7055986204996916825853043131,3541,3621,050
ROCE %14%18%13%9%9%10%8%10%10%8%13%7%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%74.99%75.00%75.00%75.00%
FIIs16.33%16.37%16.31%16.38%16.35%16.34%16.35%16.36%16.32%16.34%16.49%16.65%
DIIs1.73%1.93%2.03%1.98%1.90%1.57%0.83%0.70%0.39%0.41%0.40%0.43%
Public6.94%6.70%6.66%6.64%6.75%7.07%7.81%7.94%8.29%8.25%8.10%7.92%
No. of Shareholders33,68632,50635,64935,35335,72036,40338,15737,86837,29736,39841,36644,576

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)1.782.806.22-0.203.73
Diluted EPS (Rs.)1.772.806.22-0.203.73
Cash EPS (Rs.)3.252.217.180.764.81
Book Value[Excl.RevalReserv]/Share (Rs.)79.6784.0586.3880.4980.75
Book Value[Incl.RevalReserv]/Share (Rs.)79.6784.0586.3880.4980.75
Revenue From Operations / Share (Rs.)92.1452.1140.2640.5189.74
PBDIT / Share (Rs.)22.6716.9127.0015.8921.47
PBIT / Share (Rs.)21.4916.1826.2615.0320.51
PBT / Share (Rs.)3.181.0212.27-0.016.05
Net Profit / Share (Rs.)2.071.486.44-0.093.85
NP After MI And SOA / Share (Rs.)1.782.806.22-0.193.73
PBDIT Margin (%)24.6032.4467.0839.2223.92
PBIT Margin (%)23.3131.0565.2337.1022.85
PBT Margin (%)3.441.9530.47-0.046.73
Net Profit Margin (%)2.242.8415.99-0.224.29
NP After MI And SOA Margin (%)1.935.3715.46-0.484.15
Return on Networth / Equity (%)2.243.347.22-0.244.61
Return on Capital Employeed (%)20.3015.4423.3214.2123.08
Return On Assets (%)0.360.661.71-0.051.09
Long Term Debt / Equity (X)0.300.230.280.280.06
Total Debt / Equity (X)1.741.471.280.740.54
Asset Turnover Ratio (%)0.200.130.100.080.17
Current Ratio (X)1.131.191.301.241.17
Quick Ratio (X)0.210.180.150.160.15
Inventory Turnover Ratio (X)0.160.000.000.000.00
Dividend Payout Ratio (NP) (%)0.00178.360.000.0030.97
Dividend Payout Ratio (CP) (%)0.00141.820.000.0024.62
Earning Retention Ratio (%)0.00-78.360.000.0069.03
Cash Earning Retention Ratio (%)0.00-41.820.000.0075.38
Interest Coverage Ratio (X)1.241.111.931.061.48
Interest Coverage Ratio (Post Tax) (X)1.111.101.460.991.27
Enterprise Value (Cr.)7334.084121.774843.192925.631776.20
EV / Net Operating Revenue (X)3.363.345.073.050.83
EV / EBITDA (X)13.6410.287.567.763.49
MarketCap / Net Operating Revenue (X)2.281.252.651.740.38
Retention Ratios (%)0.00-78.360.000.0069.02
Price / BV (X)2.640.771.240.870.43
Price / Net Operating Revenue (X)2.281.252.651.740.38
EarningsYield0.010.040.050.000.10

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 404.14

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.

Overvalued: 1.19% compared to the current price 409

Intrinsic Value: 348.56

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.

Overvalued: 14.78% compared to the current price 409

Last 5 Year EPS CAGR: -13.75%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has shown consistent growth in sales (160.92 cr) and profit (158.58 cr) over the years.
  1. The stock has a low average ROCE of 10.75%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 416.67, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 55.25, which may not be favorable.
  4. The company has higher borrowings (2,432.50) compared to reserves (1,962.00), which may suggest financial risk.

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 Puravankara Ltd:
    1. Net Profit Margin: 2.24%
      • 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: 20.30% (Industry Average ROCE: %)
      • 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%: 2.24% (Industry Average ROE: %)
      • 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): 1.11
      • 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: 0.21
      • 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: 231 (Industry average Stock P/E: )
      • 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: 1.74
      • 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

Puravankara Ltd. is a Public Limited Listed company incorporated on 03/06/1986 and has its registered office in the State of Karnataka, India. Company’s Corporate Identification Number(CIN) is L45200KA1986PLC051571 and registration number is 051571. Currently Company is involved in the business activities of Construction of buildings carried out on own-account basis or on a fee or contract basis. Company’s Total Operating Revenue is Rs. 730.31 Cr. and Equity Capital is Rs. 118.58 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
RealtyNo.130/1, Ulsoor Road, Bengaluru Karnataka 560042investors@puravankara.com
http://www.puravankara.com
Management
NamePosition Held
Mr. Ravi PuravankaraFounder & Chairman
Mr. Nani R ChokseyVice Chairman
Mr. Ashish PuravankaraManaging Director
Mr. Abhishek KapoorDirector & Group CEO
Mr. Sanjeeb ChaudhuriIndependent Director
Mr. Anup Shah SanmukhIndependent Director
Ms. Shailaja JhaIndependent Director
Mr. K G KrishnamurthyIndependent Director

FAQ

What is the latest fair value of Puravankara Ltd?

The latest fair value of Puravankara Ltd is ₹404.14.

What is the Market Cap of Puravankara Ltd?

The Market Cap of Puravankara Ltd is 9,703 Cr..

What is the current Stock Price of Puravankara Ltd as on 21 July 2024?

The current stock price of Puravankara Ltd as on 21 July 2024 is 409.

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

In FY 2024, the High / Low of Puravankara Ltd stocks is 570/94.2.

What is the Stock P/E of Puravankara Ltd?

The Stock P/E of Puravankara Ltd is 231.

What is the Book Value of Puravankara Ltd?

The Book Value of Puravankara Ltd is 79.4.

What is the Dividend Yield of Puravankara Ltd?

The Dividend Yield of Puravankara Ltd is 1.54 %.

What is the ROCE of Puravankara Ltd?

The ROCE of Puravankara Ltd is 9.90 %.

What is the ROE of Puravankara Ltd?

The ROE of Puravankara Ltd is 2.17 %.

What is the Face Value of Puravankara Ltd?

The Face Value of Puravankara 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 Puravankara 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