💡 Did you know?
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
History
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
PSP Projects Limited is an India-based multidisciplinary construction company. The Company offers a diversified range of construction and allied services across industrial, institutional, government, government residential and residential projects in India. It provides…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, stagnant business, priced for perfection.
PSP Projects is scored on the general / industrial framework. It keeps a thin 1.8% of every rupee of sales as net profit. Those profits are backed by real cash — operating cash flow runs 5.81× reported profit. It throws off free cash worth 5.4% of its market value — a strong free-cash yield.
Over the last 3 years revenue compounded at 17%/yr and profit at -26%/yr. Book value itself has compounded 16%/yr — the hallmark of a genuine compounder. Return on equity is a weak 6.7%. In the latest quarter profit fell 13% versus the prior quarter.
At 57× earnings, the stock sits at the 84th percentile of its own 3.6-year range — the expensive end of where it has historically traded. Today's price implies ~17%/yr earnings growth for a decade. The books come through clean — a forensic grade of A, and Altman puts distress risk in the safe zone.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 35.91 | 39.49 | better |
| P/B | 2.39 | 5.74 | better |
| EV/EBITDA | 12.64 | — | — |
| ROE | 6.67 | 6.31 | better |
| ROCE | 9.87 | 4.01 | better |
| ROA | 2.67 | 1.24 | better |
| Quick Ratio | 1.14 | — | — |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Man Infra | 20.2 | 1.9 | 9.8% |
| Glass WALL System (I) | 24.2 | 6.0 | 24.6% |
| M AND B Engineering | 16.7 | 2.5 | 14.1% |
17% CAGR over 3 years — steady double-digit compounder. Growth is accelerating — latest year outpaced the prior year's rate.
Revenue is outpacing profit (17% vs -26%) — costs are rising faster than the top line.
Operating margin has compressed from 9% to 2% — costs or competition are eating into profitability. Margins have declined for 3 consecutive years — watch for a structural cost problem.
ROE at 4% — modest; the capital isn't working hard. Capital efficiency declining — ROE down 12pp.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. -27% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
1 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Cash conversion at 5.8× PAT — earnings are well-backed by cash; strong accrual quality. Heavy investing spend every year, but operations generate enough to cover it — the business self-funds its growth.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue fell 23% QoQ — could be seasonality or a genuine slowdown. Wide quarterly swings (37% spread) — likely seasonality, lumpy orders, or project-based revenue. Run-rate stepping up — recent quarters average 30% above earlier ones.
Profit fell 13% QoQ — one-quarter drops can be noise, but a pattern matters.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoters hold 68.8% — heavily owner-operated with strong skin in the game.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.