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

Fundamental Analysis of Puravankara Ltd

About the Company - Puravankara Ltd

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 KapoorExecutive Director & CEO
Mr. Sanjeeb ChaudhuriInd. Non-Executive Director
Mr. Anup ShahInd. Non-Executive Director
Ms. Shailaja JhaInd. Non-Executive Director
Mr. K G KrishnamurthyInd. Non-Executive Director

Puravankara Ltd. Share Price Update

Share PriceValue
Today₹232.10
Previous Day₹241.35

Basic Stock Data of Puravankara Ltd

Market Cap 6,175 Cr.
Current Price 260
High / Low269/58.2
Stock P/E81.9
Book Value 82.6
Dividend Yield2.44 %
ROCE7.30 %
ROE2.92 %
Face Value 5.00

Data Source: screener.in

Competitors of Puravankara Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Vipul Ltd 321 Cr. 26.826.8/10.013.3 6.850.00 %3.82 %17.1 % 1.00
Vascon Engineers Ltd 1,695 Cr. 78.093.2/23.816.9 43.20.31 %11.3 %11.3 % 10.0
Techindia Nirman Ltd 50.8 Cr. 35.546.0/6.4221.7 8.340.00 %7.04 %2.84 % 10.0
Peninsula Land Ltd 1,738 Cr. 59.271.6/11.018.7 3.040.00 %26.1 %% 2.00
Sadbhav Engineering Ltd 474 Cr. 27.632.3/8.50 7.340.00 %4.85 %60.2 % 1.00
Industry Average855.76 Cr45.4214.1213.750.06%10.62%18.29%4.80

Puravankara Ltd Quarterly Results

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales212256311182256221296215239392389323368
Expenses140189227156169162258158195283373260283
Operating Profit716785258760375745110166385
OPM %34%26%27%14%34%27%13%26%19%28%4%19%23%
Other Income84729361172525821318911313
Interest8888978781808488769410298105
Depreciation5555444445456
Profit before tax-132113294181-2648-22291-28-13
Tax %27%37%28%47%31%-26%24%28%22%22%-2,093%36%13%
Net Profit-10139155121-2034-172327-18-11
EPS in Rs-0.410.560.386.530.520.05-0.851.45-0.720.951.12-0.75-0.47

Puravankara Ltd Quarterly Chart

Puravankara Ltd Profit & Loss

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales8141,2461,3101,6721,5841,4071,4152,0502,1289639551,2361,473
Expenses4256698351,2871,2449981,1101,6121,6816817461,0061,199
Operating Profit389577476386340409305439447282208230274
OPM %48%46%36%23%21%29%22%21%21%29%22%19%19%
Other Income16261818476890765993427203135
Interest201240241233243290251328343357332360399
Depreciation57815161615152320181721
Profit before tax198356244156128171129172140-228655-11
Tax %32%32%35%15%34%25%29%33%37%-82%48%-20%
Net Profit136243160133831299111488-41486720
EPS in Rs6.3611.416.755.603.495.443.854.823.73-0.176.222.800.85
Dividend Payout %16%11%28%28%22%41%42%21%0%0%80%36%

Puravankara Ltd Profit & Loss Yearly Chart

Puravankara Ltd Growth

Compounded Sales Growth
10 Years:0%
5 Years:-3%
3 Years:-17%
TTM:45%
Compounded Profit Growth
10 Years:-13%
5 Years:-8%
3 Years:-13%
TTM:282%
Stock Price CAGR
10 Years:17%
5 Years:30%
3 Years:48%
1 Year:223%
Return on Equity
10 Years:5%
5 Years:4%
3 Years:3%
Last Year:3%

Puravankara Ltd Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital107107119119119119119119119119119119119
Reserves1,5811,7932,0552,1422,1652,2482,2751,7381,7951,7771,9231,8681,840
Borrowings1,3491,7861,6971,7932,1722,0672,3792,8952,6702,8352,6272,9443,066
Other Liabilities3553858691,1091,0901,8142,0113,9733,4873,6973,9555,1256,056
Total Liabilities3,3914,0704,7395,1635,5466,2476,7838,7258,0718,4298,62310,05511,081
Fixed Assets7186921128811412512812211196107158
CWIP2101200364290312
Investments123144916952511613113013213882104103
Other Assets3,1953,8394,5564,9704,9326,0176,4918,4247,8078,1798,4429,84410,818
Total Assets3,3914,0704,7395,1635,5466,2476,7838,7258,0718,4298,62310,05511,081

Puravankara Ltd Reserves and Borrowings Chart

Puravankara Ltd Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 924017033014-277-29-131578244134145
Cash from Investing Activity -56-52-39-79-16521565-232452595
Cash from Financing Activity -51170-193-20473-43212160-579-213-529-141
Net Cash Flow-15158-624671-1883934-245513199

Puravankara Ltd 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%

Puravankara Ltd Financial Efficiency Indicators Chart

Puravankara Ltd Share Holding Pattern

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Promoters75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%75.00%74.99%75.00%
FIIs16.35%16.33%16.33%16.37%16.31%16.38%16.35%16.34%16.35%16.36%16.32%16.34%
DIIs1.73%1.73%1.73%1.93%2.03%1.98%1.90%1.57%0.83%0.70%0.39%0.41%
Public6.92%6.94%6.94%6.70%6.66%6.64%6.75%7.07%7.81%7.94%8.29%8.25%
No. of Shareholders29,11432,34233,68632,50635,64935,35335,72036,40338,15737,86837,29736,398

Puravankara Ltd Shareholding Pattern Chart

No. of Puravankara Ltd Shareholders

This stock is not held by any mutual fund

Puravankara Ltd ROCE Trend

Puravankara Ltd EPS Trend

Puravankara Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue5.005.005.005.005.00
Basic EPS (Rs.)2.806.22-0.203.734.82
Diluted EPS (Rs.)2.806.22-0.203.734.82
Cash EPS (Rs.)2.217.180.764.815.53
Book Value[Excl.RevalReserv]/Share (Rs.)84.0586.3880.4980.7578.29
Book Value[Incl.RevalReserv]/Share (Rs.)84.0586.3880.4980.7578.29
Revenue From Operations / Share (Rs.)52.1140.2640.5189.7486.46
PBDIT / Share (Rs.)16.9127.0015.8921.4721.78
PBIT / Share (Rs.)16.1826.2615.0320.5121.15
PBT / Share (Rs.)1.0212.27-0.016.057.32
Net Profit / Share (Rs.)1.486.44-0.093.854.89
NP After MI And SOA / Share (Rs.)2.806.22-0.193.734.82
PBDIT Margin (%)32.4467.0839.2223.9225.19
PBIT Margin (%)31.0565.2337.1022.8524.45
PBT Margin (%)1.9530.47-0.046.738.46
Net Profit Margin (%)2.8415.99-0.224.295.66
NP After MI And SOA Margin (%)5.3715.46-0.484.155.57
Return on Networth / Equity (%)3.347.22-0.244.616.15
Return on Capital Employeed (%)15.4423.3214.2123.0821.57
Return On Assets (%)0.661.71-0.051.091.30
Long Term Debt / Equity (X)0.230.280.280.060.23
Total Debt / Equity (X)1.471.280.740.540.60
Asset Turnover Ratio (%)0.130.100.080.170.22
Current Ratio (X)1.191.301.241.171.18
Quick Ratio (X)0.180.150.160.150.12
Dividend Payout Ratio (NP) (%)178.360.000.0030.9733.17
Dividend Payout Ratio (CP) (%)141.820.000.0024.6229.31
Earning Retention Ratio (%)-78.360.000.0069.0366.83
Cash Earning Retention Ratio (%)-41.820.000.0075.3870.69
Interest Coverage Ratio (X)1.111.931.061.481.57
Interest Coverage Ratio (Post Tax) (X)1.101.460.991.271.35
Enterprise Value (Cr.)4121.774843.192925.631776.202729.41
EV / Net Operating Revenue (X)3.345.073.050.831.33
EV / EBITDA (X)10.287.567.763.495.28
MarketCap / Net Operating Revenue (X)1.252.651.740.380.85
Retention Ratios (%)-78.360.000.0069.0266.82
Price / BV (X)0.771.240.870.430.94
Price / Net Operating Revenue (X)1.252.651.740.380.85
EarningsYield0.040.050.000.100.06

Puravankara Ltd Profitability Ratios (%)

Puravankara Ltd Liquidity Ratios

Puravankara Ltd Liquidity Ratios (%)

Puravankara Ltd Interest Coverage Ratios (X)

Puravankara Ltd Valuation Ratios

Fair Value / Intrinsic Value of Puravankara Ltd

Fair Value: ₹202.36

The stock is overvalued by 22.17% compared to the current price ₹260

*Investments are subject to market risks

Strength and Weakness of Puravankara Ltd

StrengthWeakness
  1. The company has shown consistent growth in sales (211.08 cr) and profit (155.54 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 19.83 and average Dividend Yield of 36.14%.
  2. The stock has a low average ROCE of 10.75%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 416.67, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 55.25, which may not be favorable.
  5. The company has higher borrowings (2,329.23) compared to reserves (1,938.46), which may suggest financial risk.

Should I Buy Puravankara Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Puravankara Ltd:
    1. Net Profit Margin: 2.84%
      • 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: 15.44% (Industry Average ROCE: 13.57%)
      • 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): 1.10
      • 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: 0.18
      • 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: 80.8 (Industry average Stock P/E: 19.7)
      • 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: 1.47
      • 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 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