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Companies›Industrials›Construction›Construction
NSE:PSPPROJECT

PSP PROJECTS LIMITED

Construction › Construction
₹710.95
at close · 28 Oct 2026
▼ 6.35 (-0.89%)

Latest filings

Next results: Mon, 2 Nov · Financial Results/Other business matters
  1. Earnings call for Q2FY27 scheduled on November 2, 2026 · Board & Shareholder Meetings
  2. PSP Projects board meeting on Nov 2 for Q2 and H1 FY27 results · Results
  3. Quarterly Demat Certificate filed with BSE and NSE · Compliance
All filings ↓
Ask Nexa about PSP PROJECTS LIMITED

Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Executes civil construction contracts across institutional, industrial, residential and government buildings and infrastructure for clients including the Adani Group, government bodies and other private customers. FY26 revenue was INR 3,149 crore (up 25% YoY), with Q4FY26 alone delivering INR 1,115 crore. The order book stands at INR 13,447 crore (+85% YoY), of which 67% sits with Adani Group entities and 25% with government clients; FY26 order inflow was INR 10,925 crore. An in-house precast facility enabled completion of an 18-floor GIFT City tower (Project 90) in 148 days, and the company has completed 256 projects with 94 ongoing across 20 states. Materials are the largest direct input at 37.1% of revenue; employee costs stay low at 4.6% because execution relies on 14,408 contract workers alongside 2,383 permanent staff. Adani Infra (India) holds 34.41% as a promoter, concentrating both customer and ownership exposure in the Adani ecosystem.

Operating scale
Order book
INR 13,447 croreFY26
Order inflow
INR 10,925 croreFY26
Adani Group share of order book
67%FY26
Projects completed / ongoing
256 completed, 94 ongoing
Geographic footprint
20 states
Precast execution speed
18-floor building in 148 days
Who pays it
Adani Group (67% of order book), government bodies (25% of order book), and other institutional, industrial and residential clients
Biggest cost
Materials at 37.1% of revenue, with subcontractor and other operating costs at 51.6%
Kind of business
Order-book driven, asset-heavy civil construction EPC contractor
Where it sits
Ahmedabad-headquartered EPC firm with INR 13,447 crore order book, 67% concentrated in Adani Group projects
Market Cap
₹2,818 Cr
P / E (TTM)
38.4×
EV / EBITDA
12.2×
Div Yield
—
Growth
20.5%▲
Revenue 5y CAGR
PAT -7.3% · EBITDA +6.4%
Quality
23.0%▲
ROCE (5y median)
ROE 13.4% (5y median) · margin 6.6%
Leverage
0.25·
Debt / Equity · low
Net debt ₹57 Cr
Revenue FY21→FY26
2.5×▲
Margin −4.8 pts
₹1,241 Cr → ₹3,149 Cr
Cash conversion
0.64×·
Operating cash ÷ profit · 5 yrs
₹344 Cr on ₹534 Cr
Moves on a normal day
1.56%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 110 Civil Construction peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#83/101
P/B#57/85
ROCE#67/107
ROE#58/87
Debt / Equity#32/87
EBITDA margin#70/88
Revenue growth#9/86
Profit growth#1/84

Scorecard

Measured from the filed financials, judged against its Civil Construction peers · as of FY26 — not investment advice

Strengths
Revenue compounding 21% a year over 5 years
Returns on capital 23.0% (5-year median)
#67 of 107 in Civil Construction on the latest reported figures · down from 23.3% in FY21
Debt at 0.25× equity
lower than 64% of its 87 Civil Construction peers
Concerns
Profit shrinking over 5 years (−7% a year)
Erratic profits — up in only 1 of the last 5 years
Customers are taking longer to pay — 67 → 108 days of receivables
FY21 → FY26

Charts

How has the market priced it — with filings on the timeline?

PSPPROJECT · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from PSP PROJECTS LIMITED's filed financials and exchange disclosures

What does PSP PROJECTS LIMITED do?

PSP PROJECTS LIMITED is a Construction company listed on NSE and BSE, trading under the symbol PSPPROJECT.

Is PSP PROJECTS LIMITED profitable?

Yes. Over the trailing twelve months PSP PROJECTS LIMITED reported a net profit of ₹73 Cr on revenue of ₹3,484 Cr.

Does PSP PROJECTS LIMITED pay a dividend?

Not in the latest reported year — PSP PROJECTS LIMITED's dividend payout for FY26 was nil.

Is PSP PROJECTS LIMITED debt-free?

No. It reported borrowings of ₹317 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹57 Cr after cash. Debt stands at 0.25× equity. That is lower than 64% of its 87 Civil Construction peers.

Is PSP PROJECTS LIMITED expensive compared with its peers?

On trailing P/E, PSP PROJECTS LIMITED ranks 83 of 101 in Civil Construction — cheaper than 18% of them, against an industry median of 13.5×. This is a position, not a valuation judgement.

How much does the PSP PROJECTS LIMITED share price move in a day?

On a typical session PSP PROJECTS LIMITED moves 1.56% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

When are PSP PROJECTS LIMITED's next results?

Financial Results/Other business matters on Mon, 2 Nov. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track PSP PROJECTS LIMITED's announcements?

Every NSE and BSE filing by PSP PROJECTS LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.