Parsvnath Developers Limited (PARSVNATH) AI Stock Analysis

• Market Cap: ₹2.85B
• Dividend Yield: N/A
• Average Volume (3M): 73.49K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.91
• Revenue Growth: -37.98%
• EPS Growth: 40.32%
• Country: IN
• Employees: 221
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): -3.29
• Shares Outstanding: 435,181,180
• 10 Day Avg. Volume: 114,123
• 30 Day Avg. Volume: 73,486
• PEG Ratio: 0.07
• Price to Book (P/B): -0.46
• Price to Sales (P/S): 3.73
• P/FCF Ratio: -9.16
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 40 Underperform
• Price Target: ₹6.50 ▼(-28.57% Downside)
• Action: Reiterated Date: 03/03/26
• Date: Action: Reiterated 03/03/26

The score is primarily constrained by very weak financial performance (declining revenue, heavy losses, negative equity, and negative operating/free cash flow). Technical indicators add further pressure with a clear downtrend and negative momentum. Valuation provides limited offset because the negative P/E reflects losses and dividend support is unavailable.

Positive Factors

Diversified revenue streams

Having multiple monetization avenues—unit sales, leasing rental income, and asset monetizations—reduces reliance on a single cash source. Structurally, this mix can smooth cash inflows across cycles, allow staged monetization to fund development, and provide recurring income as projects mature.

Multi-asset, full-lifecycle development capability

Operating across asset classes and the full project lifecycle (land ID, planning, construction, sale/lease) gives control over execution and margin capture. Over time this vertical capability supports faster project turnarounds, better cost control, and the ability to tailor offerings to local demand.

Strong gross profit margin at project level

A near-50% gross margin indicates solid project-level pricing or effective cost management on delivered inventory. If sustained, this provides a structural buffer to absorb overheads and financing costs and supports a path back to operating profitability as revenues stabilize.

Negative Factors

Declining revenue and deep net losses

Sustained revenue decline combined with very large negative net and EBIT margins reflects structural demand or execution issues and heavy non-operating costs. Over months this erodes cash, limits reinvestment in projects, and raises the risk that recoveries will be slow or require asset disposals.

Negative equity and high leverage

Negative equity and a negative debt-to-equity ratio signal capital deficits and elevated leverage. This structurally constrains access to debt/equity markets, increases refinancing and covenant risk, and can force distress asset sales or dilutive capital raises during adverse cycles.

Negative operating and free cash flow

Persistent negative OCF and free cash flow undermine the company’s ability to fund construction and complete projects internally. Over 2–6 months this heightens dependence on outside financing or asset monetization, risking project delays, slower revenue recognition, and higher funding costs.

Parsvnath Developers Limited Business Overview & Revenue Model

Company Description

Parsvnath Developers Limited engages in the real estate development business in India. It promotes, constructs, and develops integrated townships, residential and commercial complexes, multi-storeyed buildings, flats, houses, apartments, shopping malls, IT parks, hotels, special economic zones, etc. The company was incorporated in 1990 and is based in New Delhi, India.

How the Company Makes Money

Parsvnath Developers Limited primarily makes money from real estate development and monetization of built assets. Key revenue streams include: (1) Sale of real estate units: Revenue from selling residential apartments/houses, commercial office units, and retail units in projects developed by the company. Cash inflows typically come through customer advances/collections linked to booking and construction milestones, with revenue recognized in line with applicable accounting practices for real estate development. (2) Leasing/rental income: Recurring revenue from leasing commercial/retail spaces owned by the company (where the company retains ownership instead of selling). This can include rentals and related recoveries/maintenance charges depending on lease structures. (3) Other project-related income: This may include fees/charges connected to property management/maintenance, parking or amenities (where contractually applicable), and other ancillary receipts tied to projects; if such items are not material or not separately disclosed, they may be reported within other income lines. (4) Asset monetization and project divestments: The company may generate cash by selling land parcels, development rights, or stakes in specific project entities, or through structured transactions with investors/partners to fund projects and reduce leverage; the availability and magnitude of such income depends on specific transactions in a given period. Significant factors affecting earnings typically include the pace of project execution and deliveries, demand and pricing in target micro-markets, regulatory approvals, funding/financing conditions, and the company’s ability to launch, complete, and monetize projects on schedule. Specific named partnerships or counterparties contributing to earnings: null.

Parsvnath Developers Limited Financial Statement Overview

Summary

Financial fundamentals are very weak: revenue declined (-16.57%), profitability is deeply negative (net margin -136.76% with negative EBIT margin), balance sheet stress is severe with negative equity (debt-to-equity -1.63), and both operating cash flow and free cash flow are negative.

Income Statement

Parsvnath Developers Limited has experienced declining revenue with a negative growth rate of -16.57% in the most recent year. The company is facing significant profitability challenges, as evidenced by a negative net profit margin of -136.76% and a negative EBIT margin. The gross profit margin has improved to 48.54%, but overall profitability remains a concern.

Balance Sheet

The company's balance sheet is under pressure with a negative stockholders' equity, resulting in a negative debt-to-equity ratio of -1.63. This indicates high leverage and financial instability. The return on equity is positive at 17.01%, but this is due to the negative equity base rather than operational efficiency.

Cash Flow

Cash flow performance is weak, with negative operating cash flow and free cash flow. The free cash flow to net income ratio is high at 11.51, but this is due to the negative net income. The company is struggling to generate positive cash flows, which poses a risk to its financial health.

Breakdown	TTM	Jun 2025	Mar 2024	Jun 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	1.73B	2.54B	4.61B	4.40B	8.97B	3.57B
Gross Profit	694.24M	1.23B	737.47M	-147.56M	70.24M	416.18M
EBITDA	673.03M	229.06M	-542.80M	-822.51M	-429.75M	-4.27M
Net Income	-2.72B	-3.47B	-5.93B	-8.01B	-4.92B	-4.27B
Balance Sheet
Total Assets	53.77B	54.00B	59.48B	63.75B	69.25B	78.60B
Cash, Cash Equivalents and Short-Term Investments	273.38M	340.09M	4.07B	152.69M	247.88M	427.70M
Total Debt	33.00B	33.25B	32.40B	34.27B	35.37B	35.19B
Total Liabilities	74.96B	73.23B	75.51B	73.90B	72.17B	76.77B
Stockholders Equity	-22.54B	-20.41B	-16.96B	-11.03B	-3.03B	1.81B
Cash Flow
Free Cash Flow	423.07M	-1.03B	2.01B	3.25B	4.14B	2.18B
Operating Cash Flow	826.52M	-89.90M	2.61B	3.74B	4.68B	2.59B
Investing Cash Flow	-289.32M	-556.64M	-312.81M	-587.06M	392.91M	-472.39M
Financing Cash Flow	-603.87M	637.18M	-2.14B	-3.25B	-5.25B	-1.79B

Parsvnath Developers Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 9.10
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PARSVNATH, the sentiment is Negative. The current price of 9.1 is above the 20-day moving average (MA) of 6.99, above the 50-day MA of 8.10, and below the 200-day MA of 13.97, indicating a bearish trend. The MACD of -0.45 indicates Negative momentum. The RSI at 37.12 is Neutral, neither overbought nor oversold. The STOCH value of 31.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:PARSVNATH.

Parsvnath Developers Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
ELDEHSG	63 Neutral	₹7.75B	17.84	―	1.01%	-0.19%	-54.29%
TREL	62 Neutral	₹6.13B	16.31	―	1.74%	―	―
GEECEE	60 Neutral	₹5.44B	33.62	―	0.60%	―	―
PROZONER	54 Neutral	₹6.82B	119.39	―	―	4.65%	-154.71%
PENINLAND	41 Neutral	₹5.14B	-17.64	―	―	-29.04%	-194.71%
PARSVNATH	40 Underperform	₹2.85B	-0.76	―	―	-37.98%	40.32%

Parsvnath Developers Limited Corporate Events

Parsvnath Developers Files SEBI Dematerialisation Compliance Certificate for December Quarter

Parsvnath Developers Limited has submitted to the stock exchanges a confirmation certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended December 31, 2025. The company’s registrar and share transfer agent, MAS Services Limited, confirmed that all securities received for dematerialisation during the period from October 1 to December 31, 2025, were processed, verified, mutilated and cancelled, and the depository details were updated in the register of members and intimated to the depositories and stock exchanges within the prescribed 15-day timeframe, underscoring the company’s compliance with securities handling and dematerialisation norms.

Parsvnath Developers Confirms SEBI Insider Trading Compliance for Q3 FY2025

Parsvnath Developers Limited has submitted a compliance certificate to the National Stock Exchange of India and BSE confirming adherence to the Securities and Exchange Board of India’s Prohibition of Insider Trading Regulations for the quarter ended December 31, 2025. The company’s compliance officer certified that a Structured Digital Database is in place with controlled access, non-tamperable audit trails capable of retaining records for eight years, and that all unpublished price sensitive information during the quarter, covering one recorded event, has been accurately captured with date and time details, reinforcing its governance and regulatory compliance framework for investors and regulators.