PSP Projects Ltd (IN:PSPPROJECT)
:PSPPROJECT
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PSP Projects Ltd
(PSPPROJECT)
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Rating:61Neutral
Price Target:
₹818.00
▼(-7.35% Downside)
Action:ReiteratedDate:03/24/26
The score is primarily supported by strong underlying financial performance (rapid revenue growth, solid EBIT margin, and low leverage). This is tempered by weakening net profitability and still-negative free cash flow, while technicals are notably weak (downtrend across key moving averages with negative MACD) and valuation is demanding (P/E 48.21).
Positive Factors
Revenue Growth
Sustained revenue more than doubled over four years, indicating durable business expansion and stronger scale in project execution. This revenue base improves ability to absorb fixed costs, supports investment in systems and personnel, and underpins medium-term growth prospects.
Negative Factors
Declining Net Profit Margin
A sharp fall in net margin signals rising non-operating costs, tax, interest, or one-off charges reducing bottom-line resilience. Persistently thin net margins constrain retained earnings, reduce cushions against project slippage, and make earnings more sensitive to adverse cost or demand shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained revenue more than doubled over four years, indicating durable business expansion and stronger scale in project execution. This revenue base improves ability to absorb fixed costs, supports investment in systems and personnel, and underpins medium-term growth prospects.
Read all positive factors
PSP Projects Ltd (PSPPROJECT) vs. iShares MSCI India ETF (INDA)
Market Cap
₹30.73B
Dividend YieldN/A
Average Volume (3M)4.92K
Price to Earnings (P/E)48.2
Beta (1Y)0.91
Revenue Growth7.95%
EPS Growth-39.02%
CountryIN
Employees1,969
SectorServices
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)4.10
Shares Outstanding39,641,792
10 Day Avg. Volume3,881
30 Day Avg. Volume4,924
Financial Highlights & Ratios
PEG Ratio-0.76
Price to Book (P/B)2.07
Price to Sales (P/S)0.99
P/FCF Ratio-163.97
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹780.00Price Target Upside-11.65% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)38.1
Revenue Forecast (FY)₹39.45B
PSP Projects Ltd Business Overview & Revenue Model
Company Description
PSP Projects Limited, a construction company, provides construction services for industrial, institutional, residential, social infrastructure, and commercial projects in India. The company constructs industrial buildings for pharmaceutical plants...
How the Company Makes Money
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PSP Projects Ltd Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 24.07B | 25.29B | 25.06B | 19.38B | 17.48B | 12.41B |
| Gross Profit | 1.57B | 3.58B | 4.78B | 3.47B | 3.57B | 1.94B |
| EBITDA | 1.47B | 1.97B | 2.74B | 2.55B | 2.80B | 1.47B |
| Net Income | 221.57M | 564.18M | 1.23B | 1.32B | 1.67B | 815.26M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 23.53B | 20.37B | 17.65B | 12.70B | 9.91B |
| Cash, Cash Equivalents and Short-Term Investments | 2.08B | 2.08B | 2.27B | 2.42B | 1.96B | 2.29B |
| Total Debt | 0.00 | 2.72B | 4.55B | 1.45B | 996.57M | 838.67M |
| Total Liabilities | -12.09B | 11.44B | 11.22B | 9.64B | 5.83B | 4.55B |
| Stockholders Equity | 12.09B | 12.09B | 9.15B | 8.01B | 6.87B | 5.36B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -152.53M | -3.66B | -344.72M | 706.76M | -57.98M |
| Operating Cash Flow | 0.00 | 527.10M | -2.24B | 452.78M | 1.47B | 734.69M |
| Investing Cash Flow | 0.00 | -1.06B | -262.49M | -507.19M | -1.64B | 51.95M |
| Financing Cash Flow | 0.00 | 196.04M | 2.69B | 115.47M | -107.33M | -43.84M |
PSP Projects Ltd Technical Analysis
Neutral
882.90
Price Trends
709.59
Positive
781.40
Negative
783.46
Negative
Market Momentum
4.23
Negative
61.45
Neutral
91.02
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PSPPROJECT, the sentiment is Neutral. The current price of 882.9 is above the 20-day moving average (MA) of 657.41, above the 50-day MA of 709.59, and above the 200-day MA of 783.46, indicating a neutral trend. The MACD of 4.23 indicates Negative momentum. The RSI at 61.45 is Neutral, neither overbought nor oversold. The STOCH value of 91.02 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:PSPPROJECT.
PSP Projects Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | ₹9.20B | 31.71 | ― | 0.61% | 15.79% | -26.32% | |
61 Neutral | ₹30.73B | 48.21 | ― | ― | 7.95% | -39.02% | |
61 Neutral | ₹34.90B | 12.27 | ― | ― | -14.42% | -13.89% | |
61 Neutral | ₹3.90B | 186.32 | ― | 0.47% | -7.49% | -57.09% | |
58 Neutral | ₹21.32B | 10.65 | ― | ― | 13.40% | -2.22% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
44 Neutral | ₹7.12B | 11.60 | ― | ― | ― | 1694.80% |
* Services Sector Average
IN:PSPPROJECT
PSP Projects Ltd
775.10
140.00
22.04%
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IN:ROHLTD
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IN:RPPINFRA
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78.56
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IN:STCINDIA
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118.69
-10.16
-7.89%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.