BSE: 0 | NSE: PANSARI | Construction - Real Estate | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that Pansari Developers Ltd is a below average quality company.
The key valuation ratios of Pansari Developers Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Pansari Developers Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 22% | 13.4% | 8.5% | 2.1% | 4.9% | 3.8% | 4.8% | 4.6% | 3.5% | 1.8% | - |
| Value Creation Index ⓘ | 0.6 | 0.0 | -0.4 | -0.9 | -0.7 | -0.7 | -0.7 | -0.7 | -0.8 | -0.9 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 16.2 | 10 | 6.5 | 2.9 | 6.3 | 13.2 | 34.8 | 26.8 | 37.2 | 23 | 53 |
| Sales YoY Gr. | - | -38.2% | -34.6% | -55.6% | 115.9% | 111.3% | 163% | -22.9% | 38.5% | -38.1% | - |
| Adj EPS ⓘ | 6.6 | 3.9 | 2 | 0.7 | 1.8 | 1.1 | 1.4 | 1.7 | 1.9 | 1.1 | 3.1 |
| YoY Gr. | - | -40% | -48.2% | -67.2% | 165.7% | -39.3% | 32.4% | 20.3% | 9.9% | -41.8% | - |
| BVPS (₹) ⓘ | 27.2 | 31.1 | 31.7 | 29.8 | 31.6 | 32.8 | 34.3 | 63.5 | 68.4 | 69.6 | 73.1 |
| Adj Net Profit ⓘ | 8.4 | 5 | 2.6 | 1.2 | 3.1 | 1.9 | 2.5 | 3 | 3.3 | 1.9 | 5 |
| Cash Flow from Ops. ⓘ | 1.9 | 0.7 | 9.3 | -40.7 | 8.2 | 6 | 6 | 17.7 | 3.6 | -18.6 | - |
| Debt/CF from Ops. ⓘ | 3.7 | 12.9 | 1.6 | -1.2 | 5.2 | 7.8 | 13.9 | 2.2 | 10.2 | -3.2 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 4% | 29.7% | -12.9% | -38.1% | ||||
| Adj EPS ⓘ | -18% | -9.2% | -8.4% | -41.8% | ||||
| BVPSⓘ | 11% | 17.1% | 26.6% | 1.7% | ||||
| Share Price | - | 51.3% | 11.7% | 108.6% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 27.5 | 13.5 | 6.5 | 2.5 | 5.8 | 3.4 | 4.3 | 3.5 | 2.9 | 1.6 | 4.3 |
| Op. Profit Mgn % ⓘ | 48.8 | 42.6 | 51.2 | 20.8 | 33.4 | 31.5 | 18.5 | 24.2 | 17 | 17.8 | 13.8 |
| Net Profit Mgn % ⓘ | 52.1 | 50.5 | 40 | 40.2 | 49.6 | 14.3 | 7.2 | 11.2 | 8.9 | 8.4 | 10.1 |
| Debt to Equity ⓘ | 0.2 | 0.2 | 0.4 | 0.9 | 0.8 | 0.8 | 1.4 | 0.4 | 0.3 | 0.5 | - |
| Working Cap Days ⓘ | 1,229 | 2,818 | 5,739 | 16,905 | 8,984 | 4,391 | 1,571 | 1,738 | 1,131 | 2,219 | 1,027 |
| Cash Conv. Cycle ⓘ | 1,142 | 2,109 | 1,766 | 9,536 | 6,522 | 3,407 | 1,210 | 1,354 | 905 | 1,425 | 246 |
Return on Equity has increased versus last 3 years average to 4.30%
Sales growth is good in last 4 quarters at 91.53%
Sales growth has been subdued in last 3 years -12.88%
Net Profit has been subdued in last 3 years -8.37%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 3.1 | 3.1 |
| TTM Sales (₹ Cr.) | 53 | 56.1 |
| BVPS (₹.) ⓘ | 73.1 | 73.1 |
| Reserves (₹ Cr.) ⓘ | 110 | 110 |
| P/BV ⓘ | 2.28 | 2.28 |
| PE ⓘ | 54.61 | 54.60 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 291 |
| Equity (₹ Cr.) | 17.5 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 72.9 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 16 | 10 | 7 | 3 | 6 | 13 | 35 | 27 | 37 | 23 |
| Operating Expenses ⓘ | 8 | 6 | 3 | 2 | 4 | 9 | 28 | 20 | 31 | 19 |
| Manufacturing Costs | 0 | 1 | 13 | 28 | 0 | 0 | 0 | 0 | 0 | 0 |
| Material Costs | 6 | -4 | -11 | -26 | 4 | 8 | 27 | 19 | 28 | 16 |
| Employee Cost | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 1 | 1 |
| Other Costs ⓘ | 2 | 9 | 1 | 0 | 0 | 1 | 1 | 1 | 2 | 2 |
| Operating Profit ⓘ | 8 | 4 | 3 | 1 | 2 | 4 | 6 | 6 | 6 | 4 |
| Operating Profit Margin (%) | 48.8% | 42.6% | 51.2% | 20.8% | 33.3% | 31.5% | 18.5% | 24.2% | 16.9% | 17.8% |
| Other Income ⓘ | 2 | 2 | 1 | 1 | 3 | 1 | 1 | 1 | 1 | 1 |
| Interest ⓘ | 1 | 1 | 1 | 0 | 1 | 1 | 2 | 2 | 1 | 0 |
| Depreciation ⓘ | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 2 | 2 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 9 | 6 | 3 | 2 | 4 | 2 | 4 | 5 | 5 | 3 |
| Tax ⓘ | 0 | 0 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit After Tax | 8 | 5 | 3 | 1 | 3 | 2 | 3 | 4 | 4 | 2 |
| PAT Margin (%) | 52.1% | 50.5% | 40.4% | 42.3% | 51.4% | 14.7% | 7.9% | 14.0% | 9.8% | 8.7% |
| Adjusted EPS (₹) | 6.6 | 3.9 | 2.1 | 0.7 | 1.9 | 1.1 | 1.6 | 2.2 | 2.1 | 1.2 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 35 | 40 | 41 | 52 | 55 | 57 | 60 | 111 | 119 | 121 |
| Share Capital ⓘ | 2 | 2 | 2 | 17 | 17 | 17 | 17 | 17 | 17 | 17 |
| Reserves ⓘ | 33 | 38 | 38 | 35 | 38 | 40 | 42 | 93 | 102 | 104 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 7 | 9 | 15 | 47 | 42 | 45 | 47 | 37 | 37 | 50 |
| Long Term Debt | 0 | 0 | 0 | 0 | 8 | 24 | 23 | 12 | 0 | 10 |
| Short Term Debt | 7 | 9 | 15 | 47 | 34 | 21 | 24 | 25 | 37 | 40 |
| Trade Payables | 1 | 13 | 2 | 4 | 2 | 2 | 1 | 1 | 1 | 3 |
| Others Liabilities ⓘ | 34 | 41 | 72 | 63 | 81 | 85 | 61 | 52 | 38 | 78 |
| Total Liabilities ⓘ | 77 | 103 | 129 | 166 | 180 | 190 | 170 | 201 | 196 | 252 |
Fixed Assets | ||||||||||
| Gross Block | 1 | 1 | 1 | 2 | 15 | 15 | 26 | 49 | 49 | 50 |
| Accumulated Depreciation | 0 | 0 | 1 | 1 | 2 | 3 | 4 | 5 | 7 | 9 |
| Net Fixed Assetsⓘ | 1 | 1 | 1 | 1 | 14 | 13 | 22 | 44 | 42 | 42 |
| CWIP ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investmentsⓘ | 11 | 11 | 12 | 11 | 10 | 13 | 10 | 3 | 9 | 9 |
| Inventories | 33 | 55 | 72 | 99 | 115 | 123 | 103 | 96 | 86 | 95 |
| Trade Receivables | 2 | 2 | 3 | 7 | 4 | 7 | 4 | 6 | 2 | 1 |
| Cash Equivalents | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 2 | 1 | 1 |
| Others Assetsⓘ | 29 | 33 | 40 | 47 | 36 | 33 | 29 | 49 | 55 | 106 |
| Total Assets ⓘ | 77 | 103 | 129 | 166 | 180 | 190 | 170 | 201 | 196 | 252 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 2 | 1 | 9 | -41 | 8 | 6 | 6 | 18 | 4 | -19 |
| PBT ⓘ | 9 | 6 | 3 | 2 | 4 | 2 | 4 | 5 | 5 | 3 |
| Adjustment ⓘ | 0 | 0 | 0 | 2 | 5 | 5 | 4 | 5 | 4 | 2 |
| Changes in Working Capital ⓘ | -4 | -2 | 6 | -43 | 0 | -1 | -2 | 9 | -5 | -21 |
| Tax Paid ⓘ | -3 | -3 | 0 | -1 | -1 | -1 | -1 | 0 | -1 | -1 |
| Cash Flow From Investing Activity ⓘ | -1 | 0 | -13 | 0 | 2 | -4 | -5 | -3 | 0 | -4 |
| Capex | -1 | 0 | -1 | 0 | -13 | 0 | -11 | -1 | 0 | -1 |
| Net Investments | -1 | 0 | 0 | 0 | 1 | -2 | 3 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | -12 | 0 | 14 | -2 | 3 | -2 | 0 | -3 |
| Cash Flow From Financing Activityⓘ | 0 | 0 | 4 | 40 | -10 | -2 | -2 | -14 | -5 | 22 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 10 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 8 | 16 | 0 | -11 | -12 | 10 |
| Interest Paid ⓘ | 0 | 0 | -1 | -3 | -5 | -4 | -4 | -4 | -3 | 0 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 0 | 0 | 6 | 32 | -13 | -13 | 2 | 1 | 9 | 13 |
| Net Cash Flow ⓘ | 1 | 1 | 1 | -1 | 0 | 0 | 0 | 1 | -1 | 0 |
| PARTICULARS | Mar'14 | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 27.48 | 13.5 | 6.55 | 2.65 | 6.01 | 3.46 | 4.71 | 4.4 | 3.16 | 1.67 |
| ROCE (%) | 21.96 | 13.44 | 8.51 | 2.08 | 4.93 | 3.75 | 4.78 | 4.58 | 3.45 | 1.8 |
| Asset Turnover Ratio | 0.24 | 0.11 | 0.06 | 0.02 | 0.04 | 0.07 | 0.19 | 0.14 | 0.19 | 0.1 |
| PAT to CFO Conversion(x) | 0.25 | 0.2 | 3 | -41 | 2.67 | 3 | 2 | 4.5 | 1 | -9.5 | Working Capital Days |
| Receivable Days | 51 | 73 | 141 | 622 | 317 | 149 | 55 | 65 | 40 | 22 |
| Inventory Days | 652 | 1,614 | 3,569 | 0 | 6,225 | 3,287 | 1,189 | 1,358 | 896 | 1,436 |
| Payable Days | 85 | -628 | -256 | -47 | 340 | 104 | 26 | 25 | 13 | 39 |
The company was incorporated in the year 1996 as Pansari Developers Private Limited, with the vision of providing premium housing at fair prices. The name of the company was changed to Pansari developers Limited in the year 2016. Presently, the company is promoted by Mahesh Kumar Agarwal, who has over 20 years of experience in the real estate sector. The company has grown in size from their rich experience, expert in-sight of the industry and has expanded its operation because of their association with it.
The company’s projects are marketed under the brand name of “Purti” such as Purti flower, Purti planet, Purti nest, Purti perch, Purti jewel, and Delux Mall. The company focus on developing projects on land held in stock in trade and by entering into joint development agreement & partnerships with parties for development of projects. The company intends to exploit the opportunities that are available in the Real Estate Sector and its operations will cover all aspects of real estate development, from the identification and acquisition of land, the planning, execution and marketing of its projects, maintenance and management of its completed developments etc. The company may also enter into project specific joint ventures or partnerships with other companies to enhance its credentials.
Business area of the company
Pansari Developers is an integrated construction and real estate development company, focused primarily on construction and development of residential and commercial projects, in and around Kolkata, West Bengal. The company’s residential portfolio currently covers projects catering to customers across all income groups. The company has established a successful track record in the real estate industry in Kolkata, West Bengal by developing versatile projects through its focus on innovative architecture, strong project execution and quality construction.
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Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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