PSP Projects Ltd
About
PSP Projects is a construction company providing services across multiple disciplines like industrial, governmental, residential, and institutional projects. It provides solutions for planning, designing, and constructing entire projects while also offering mechanical, electrical, and plumbing post-construction services. Though it has heavily been centred around Gujarat, it has recently expanded to other states and more services as well. Its residential vertical includes buildings for townships and group housing, while the government vertical includes construction contracts provided by the government, such as the Sabarmati Riverfront Development Project in Ahmedabad. Its industrial ventures include the construction of manufacturing and processing facilities for pharmaceuticals, food processing, and engineering. PSP’s institutional work primarily covers hospitals like Zydus and the Gujarat Cancer Society Medical College, Hospital, and Research Centre. Additionally, PSP constructs educational institutes, hotels, malls, and corporate offices. The company offers allied construction services like building renovations, flooring, furniture, and painting for the interiors.
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Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 2699 36.1% | 1984 12.3% | 1766 40.2% | 1260 -16.8% | 1515 38.9% | 1091 39.8% | 781 72.8% | 452 -7.9% | 491 70.0% | 289 34.7% | 214 -18.1% | 262 46.0% | 179 37.6% | 130 - |
| Net Operating Income (INR Cr) | 2506 29.31% | 1938 10.85% | 1748 40.87% | 1241 -17.24% | 1499 42.73% | 1050 39.75% | 752 68.99% | 445 -6.55% | 476 0.00% | 280 33.29% | 210 -18.20% | 257 44.00% | 179 40.13% | 127 0.00% |
| Profit (INR Cr) | 123 -6.8% | 132 -20.8% | 167 104.4% | 82 -36.5% | 128 43.7% | 89 36.5% | 66 57.8% | 42 81.8% | 23 62.5% | 14 39.5% | 10 -17.8% | 12 46.7% | 8 135.9% | 4 - |
| Assets (INR Cr) | 1373 44.8% | 948 20.3% | 788 27.0% | 621 16.0% | 535 33.4% | 401 20.6% | 333 83.6% | 181 61.9% | 112 38.3% | 81 32.0% | 61 45.6% | 42 1.1% | 42 91.4% | 22 - |
| Net Worth (INR Cr) | 915 14.2% | 801 16.6% | 687 28.2% | 536 18.0% | 454 23.0% | 369 22.5% | 301 188.0% | 105 63.5% | 64 0.0% | 47 34.9% | 35 30.8% | 27 74.1% | 15 124.7% | 7 0.0% |
| Employee Cost (INR Cr) | 104 42.6% | 73 31.6% | 56 26.4% | 44 -14.1% | 51 46.2% | 35 54.7% | 23 49.2% | 15 -88.6% | 133 1541.2% | 8 16.3% | 7 13.2% | 6 21.1% | 5 81.7% | 3 - |
| Interest Cost (INR Cr) | 51 | 32 | 26 | 15 | 15 | 10 | 9 | 8 | 3 | 2 | 2 | 4 | 2 | 1 |
| Cash & Bank Balance (INR Cr) | 227 | 242 | 196 | 229 | 197 | 222 | 228 | 107 | 112 | 85 | 68 | 45 | 36 | 17 |
| Total Debt (INR Cr) | 455 | 145 | 100 | 84 | 80 | 31 | 30 | 75 | 47 | 33 | 26 | 15 | 26 | 15 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 4.6% | 6.7% | 9.4% | 6.5% | 8.5% | 8.2% | 8.4% | 9.2% | 4.7% | 4.9% | 4.7% | 4.7% | 4.7% | 2.7% |
| Profit As % Of Assets | 9.0% | 13.9% | 21.1% | 13.1% | 24.0% | 22.3% | 19.7% | 22.9% | 20.4% | 17.4% | 16.4% | 29.1% | 20.1% | 16.3% |
| Profit As % Of Networth | 13.4% | 16.5% | 24.3% | 15.2% | 28.3% | 24.2% | 21.7% | 39.7% | 35.7% | 29.9% | 29.0% | 46.1% | 54.7% | 52.1% |
| Interest Cost to EBITDA % | 19.5% | 13.9% | 10.3% | 11.1% | 7.9% | 6.5% | 8.9% | 11.9% | 9.6% | 11.1% | 12.3% | 17.2% | 14.8% | 12.6% |
| Debt to Equity Ratio | 0.50 | 0.18 | 0.15 | 0.16 | 0.18 | 0.08 | 0.10 | 0.72 | 0.73 | 0.71 | 0.75 | 0.56 | 1.69 | 2.20 |
| RONW | 14.4% | 18.1% | 27.2% | 16.8% | 31.1% | 26.6% | 32.5% | 49.3% | 34.4% | 34.4% | 32.8% | 58.5% | 75.6% | 52.1% |
| ROCE | 19.0% | 24.8% | 35.2% | 21.8% | 40.3% | 40.2% | 43.6% | 49.7% | 34.2% | 33.4% | 33.8% | 52.5% | 46.3% | 28.0% |