BSE: 532891 | NSE: PURVA | Construction - Real Estate | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Puravankara Ltd is a average quality company.
The key valuation ratios of Puravankara Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Puravankara Ltd is likely to Fall 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'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 8.1% | 8.9% | 9.4% | 7.3% | 9.7% | 7.9% | 6.6% | 14.7% | 9.3% | 7.1% | - |
| Value Creation Index ⓘ | -0.4 | -0.4 | -0.3 | -0.5 | -0.3 | -0.4 | -0.5 | 0.1 | -0.3 | -0.5 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||||||
| Sales ⓘ | 1,202 | 1,016 | 976 | 887 | 1,473 | 1,272 | 564 | 730 | 648 | 1,106 | 1,317 |
| Sales YoY Gr. | - | -15.5% | -3.9% | -9.2% | 66.1% | -13.6% | -55.7% | 29.5% | -11.2% | 70.6% | - |
| Adj EPS ⓘ | 3.6 | 3.6 | 4 | 3.3 | 3.9 | 1.3 | -0.4 | 2.1 | 1.7 | 1.4 | 0.7 |
| YoY Gr. | - | 0.8% | 10.2% | -18% | 18.9% | -66.4% | -131.3% | NA | -18.7% | -18.4% | - |
| BVPS (₹) ⓘ | 78.1 | 80.1 | 83.2 | 84 | 69.5 | 69.6 | 69.1 | 76.2 | 75.9 | 71 | 69.6 |
| Adj Net Profit ⓘ | 85.4 | 86.2 | 94.8 | 77.8 | 92.4 | 31.1 | -9.6 | 50.8 | 41.3 | 33.8 | 16 |
| Cash Flow from Ops. ⓘ | 291 | 35.8 | -160 | 173 | -97.3 | 283 | 368 | 383 | 47.3 | 855 | - |
| Debt/CF from Ops. ⓘ | 5.2 | 50.4 | -9.7 | 10.6 | -22.3 | 7.5 | 5 | 3.9 | 36.4 | 2.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | -0.9% | -5.6% | 25.2% | 70.6% | ||||
| Adj EPS ⓘ | -9.8% | -18.3% | NA | -18.4% | ||||
| BVPSⓘ | -1.1% | 0.4% | 0.9% | -6.4% | ||||
| Share Price | 13.1% | 40.3% | 32.1% | 96.9% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 4.7 | 4.6 | 4.9 | 3.9 | 5.1 | 1.9 | -0.6 | 3 | 2.3 | 1.9 | 1 |
| Op. Profit Mgn % ⓘ | 22.1 | 24.3 | 30.2 | 19.6 | 21.3 | 20.7 | 32.5 | 40.7 | 11.1 | 13.9 | 9.7 |
| Net Profit Mgn % ⓘ | 7.1 | 8.5 | 9.7 | 8.8 | 6.3 | 2.4 | -1.7 | 7 | 6.4 | 3.1 | 1.2 |
| Debt to Equity ⓘ | 0.8 | 1 | 0.8 | 0.9 | 1.3 | 1.3 | 1.1 | 0.8 | 1 | 1.2 | 0.1 |
| Working Cap Days ⓘ | 1,032 | 1,334 | 1,628 | 2,056 | 1,372 | 1,638 | 3,543 | 2,742 | 3,276 | 2,144 | 793 |
| Cash Conv. Cycle ⓘ | 701 | 868 | 1,142 | 1,393 | 2,255 | 1,113 | 4,130 | 1,857 | 2,540 | 1,603 | 11 |
Sales growth is growing at healthy rate in last 3 years 25.16%
Sales growth is good in last 4 quarters at 54.33%
Return on Equity has declined versus last 3 years average to 1.00%
Net Profit has been subdued in last 3 years 0.00%
Debt to equity has increased versus last 3 years average to 1.15
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 0.7 | 2.9 |
| TTM Sales (₹ Cr.) | 1,317 | 2,648 |
| BVPS (₹.) ⓘ | 69.6 | 79.4 |
| Reserves (₹ Cr.) ⓘ | 1,531 | 1,765 |
| P/BV ⓘ | 4.70 | 4.11 |
| PE ⓘ | 476.41 | 111.17 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 155.50 / 565.00 |
| All Time Low / High (₹) | 25.60 / 565.00 |
| Market Cap (₹ Cr.) | 7,746 |
| Equity (₹ Cr.) | 118.6 |
| Face Value (₹) | 5 |
| 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'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,202 | 1,016 | 976 | 887 | 1,473 | 1,272 | 564 | 730 | 648 | 1,106 |
| Operating Expenses ⓘ | 936 | 769 | 682 | 714 | 1,161 | 1,010 | 381 | 434 | 577 | 952 |
| Manufacturing Costs | 16 | 14 | 407 | 340 | 282 | 248 | 156 | 360 | 591 | 784 |
| Material Costs | 705 | 545 | 87 | 186 | 668 | 533 | 59 | -153 | -331 | -186 |
| Employee Cost | 79 | 70 | 67 | 73 | 84 | 88 | 70 | 81 | 99 | 126 |
| Other Costs ⓘ | 136 | 140 | 121 | 115 | 128 | 141 | 96 | 146 | 217 | 229 |
| Operating Profit ⓘ | 266 | 247 | 295 | 173 | 312 | 262 | 183 | 297 | 72 | 153 |
| Operating Profit Margin (%) | 22.1% | 24.3% | 30.2% | 19.5% | 21.2% | 20.6% | 32.4% | 40.6% | 11.1% | 13.9% |
| Other Income ⓘ | 15 | 77 | 56 | 105 | 67 | 51 | 67 | 211 | 253 | 109 |
| Interest ⓘ | 192 | 204 | 232 | 182 | 238 | 256 | 252 | 191 | 188 | 222 |
| Depreciation ⓘ | 11 | 11 | 10 | 9 | 10 | 12 | 11 | 9 | 8 | 11 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | 78 | 110 | 109 | 87 | 132 | 45 | -14 | 307 | 128 | 29 |
| Tax ⓘ | -7 | 24 | 14 | 10 | 40 | 14 | -4 | 141 | 14 | -4 |
| Profit After Tax | 85 | 86 | 95 | 77 | 92 | 31 | -10 | 166 | 114 | 34 |
| PAT Margin (%) | 7.1% | 8.5% | 9.7% | 8.7% | 6.2% | 2.4% | -1.7% | 22.7% | 17.6% | 3.0% |
| Adjusted EPS (₹) | 3.6 | 3.6 | 4.0 | 3.3 | 3.9 | 1.3 | -0.4 | 7.0 | 4.8 | 1.4 |
| Dividend Payout Ratio (%) | 43% | 22% | 56% | 49% | 26% | 0% | 0% | 71% | 0% | 445% |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 1,851 | 1,899 | 1,973 | 1,993 | 1,648 | 1,650 | 1,639 | 1,806 | 1,799 | 1,684 |
| Share Capital ⓘ | 119 | 119 | 119 | 119 | 119 | 119 | 119 | 119 | 119 | 119 |
| Reserves ⓘ | 1,732 | 1,780 | 1,855 | 1,874 | 1,529 | 1,532 | 1,521 | 1,687 | 1,681 | 1,565 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debt | 1,235 | 1,677 | 846 | 625 | 823 | 767 | 788 | 715 | 702 | 922 |
| Long Term Debt | 616 | 933 | 229 | 137 | 255 | 45 | 80 | 203 | 58 | 187 |
| Short Term Debt | 619 | 744 | 616 | 488 | 568 | 722 | 708 | 513 | 644 | 735 |
| Trade Payables | 210 | 205 | 201 | 283 | 312 | 356 | 367 | 221 | 271 | 316 |
| Others Liabilities ⓘ | 1,053 | 829 | 1,985 | 2,531 | 3,368 | 2,955 | 2,870 | 3,047 | 3,826 | 4,808 |
| Total Liabilities ⓘ | 4,349 | 4,610 | 5,005 | 5,432 | 6,150 | 5,728 | 5,665 | 5,789 | 6,598 | 7,729 |
Fixed Assets | ||||||||||
| Gross Block | 143 | 57 | 57 | 58 | 58 | 98 | 92 | 88 | 82 | 88 |
| Accumulated Depreciation | 58 | 6 | 15 | 23 | 25 | 55 | 62 | 63 | 55 | 40 |
| Net Fixed Assetsⓘ | 86 | 50 | 42 | 35 | 33 | 43 | 30 | 25 | 28 | 48 |
| CWIP ⓘ | 1 | 0 | 0 | 33 | 33 | 0 | 0 | 3 | 0 | 2 |
| Investmentsⓘ | 39 | 29 | 33 | 43 | 46 | 63 | 70 | 46 | 278 | 351 |
| Inventories | 2,296 | 2,687 | 3,460 | 3,447 | 4,501 | 4,043 | 4,057 | 4,300 | 4,738 | 5,013 |
| Trade Receivables | 313 | 220 | 293 | 166 | 120 | 153 | 163 | 144 | 347 | 265 |
| Cash Equivalents | 127 | 200 | 75 | 81 | 78 | 72 | 98 | 134 | 186 | 422 |
| Others Assetsⓘ | 1,487 | 1,422 | 1,102 | 1,626 | 1,340 | 1,354 | 1,246 | 1,137 | 1,020 | 1,628 |
| Total Assets ⓘ | 4,349 | 4,610 | 5,005 | 5,432 | 6,150 | 5,728 | 5,665 | 5,789 | 6,598 | 7,729 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 291 | 36 | -160 | 173 | -97 | 283 | 368 | 383 | 47 | 855 |
| PBT ⓘ | 77 | 86 | 109 | 87 | 132 | 45 | -14 | 307 | 128 | 29 |
| Adjustment ⓘ | 189 | 168 | 130 | 72 | 163 | 235 | 212 | 5 | -5 | 150 |
| Changes in Working Capital ⓘ | 42 | -207 | -366 | 24 | -377 | 17 | 163 | 112 | -54 | 710 |
| Tax Paid ⓘ | -18 | -11 | -33 | -11 | -15 | -13 | 8 | -41 | -21 | -34 |
| Cash Flow From Investing Activity ⓘ | -64 | -19 | 556 | -215 | 40 | 43 | 202 | 180 | 114 | -458 |
| Capex | -8 | -4 | 402 | -1 | -5 | -3 | -1 | 8 | 18 | -8 |
| Net Investments | 32 | 0 | -1 | -10 | 27 | -13 | -3 | -14 | 95 | -47 |
| Others ⓘ | -89 | -15 | 155 | -205 | 18 | 59 | 206 | 187 | 1 | -403 |
| Cash Flow From Financing Activityⓘ | -237 | 58 | -513 | 48 | 80 | -302 | -558 | -526 | -68 | -99 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Paid ⓘ | -190 | -200 | -234 | -183 | -230 | -244 | -173 | -192 | -178 | -198 |
| Dividend Paid ⓘ | -53 | -37 | -19 | -57 | -46 | -25 | 0 | 0 | -119 | -149 |
| Others ⓘ | 6 | 295 | -261 | 288 | 356 | -33 | -385 | -334 | 228 | 249 |
| Net Cash Flow ⓘ | -11 | 75 | -117 | 5 | 23 | 24 | 12 | 38 | 93 | 298 |
| PARTICULARS | Mar'15 | Mar'16 | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 4.66 | 4.59 | 4.89 | 3.89 | 5.04 | 1.85 | -0.59 | 9.64 | 6.34 | 1.93 |
| ROCE (%) | 8.08 | 8.87 | 9.44 | 7.32 | 9.68 | 7.94 | 6.56 | 14.67 | 9.27 | 7.05 |
| Asset Turnover Ratio | 0.28 | 0.23 | 0.2 | 0.17 | 0.25 | 0.21 | 0.1 | 0.13 | 0.1 | 0.15 |
| PAT to CFO Conversion(x) | 3.42 | 0.42 | -1.68 | 2.25 | -1.05 | 9.13 | N/A | 2.31 | 0.41 | 25.15 | Working Capital Days |
| Receivable Days | 84 | 96 | 96 | 94 | 35 | 39 | 102 | 77 | 138 | 101 |
| Inventory Days | 685 | 895 | 1,149 | 1,422 | 985 | 1,226 | 2,621 | 2,089 | 2,545 | 1,610 |
| Payable Days | 89 | 139 | 851 | 474 | 163 | 229 | 2,249 | -699 | -272 | -575 |
Puravankara Projects was incorporated as Puravankara Constructions Private Limited in 1986 in Mumbai. The name of the company was later changed to Puravankara Projects Limited and the status of company was changed to a public limited company on July 10, 1992.
The company is a part of Purvankara Group. The Group was established in 1975 by Ravi Puravankara, in response to the growing need for quality housing and commercial space in the metropolitan cities of India. Since then, the Group has grown to be one of the leading real estate developer of the country, serving the needs of a discerning clientele.
The Puravankara Group with over 33 years of excellence in the upper end of the housing sector across various regions of the Country has projects in Bangalore, Chennai, Kochi, Coimbatore, Hyderabad, Mysore and Colombo. It also has a presence in Dubai in the UAE and business representatives in the United Kingdom and the United States.
With a land bank of over 125 million sq ft, the Group has above 20 million sq ft of residential and commercial space currently under construction. Included in this are on-going residential projects amounting to 13.50 million sq ft which comprise of 7,800 homes.
In 2005, it entered into a joint venture with Keppel Investment Mauritius Private Limited. Now it owns 49% of the shares of Keppel Puravankara Development Private Limited.
On December 15, 2006, The company entered into MOUs for the purchase of lands or for execution of joint developments agreements with respect to parcels of land located in and around Bangalore and Chennai aggregating approximately 76.23 million sq.ft.
By 2007 it had completed 14 residential projects and one commercial project covering approximately 3.77 million sq. ft. of saleable area. Ongoing projects aggregate approximately 12.20 million sq. ft. of saleable area. It is constructing 14 residential and one commercial project aggregating approximately 10.98 million sq. ft. of saleable area and Keppel Puravankara Development, is constructing two residential projects
The completed projects of the company include:
Divisions In addition to construction division it also has ‘interior works and modifications’ division that caters to any modifications required by its customers for their apartments.
Subsidiaries of the company
Achievements/ Recognition
2010
Best Urban Design & Master Planning award for Purva Fountainsquare at the Construction Source Felicitation Award Ceremony, 2010.
2011
Developer of the year award : Residential - Popular Choice at Realty Plus Excellence Awards 2012.
Pathfinders Award for the Most Enterprising CXO for Mr. Jackbastian K Nazareth at Realty Plus Excellence Awards 2012.
Residential Lifetime Achievers’ Award for Outstanding Contribution to Real Estate Sector for Mr. Ravi Puravankara at Realty Plus Awards 2012.
2012
Mid-Range Housing project of the year award for Purva Venezia at Bangalore Real Estate Awards 2012.
2013
Most Admired Upcoming Project of the Year at the ET Now Awards for Retail Excellence.
Affordable Housing of the year for Provident Welworth City at the Realty Plus Excellence Awards 2013.
April - Provident Welworthcity at the CREDAI Real Estate Awards for Best Residential Dwellings above 1500 sq. ft.
Enterprising CEO of the year for Jackbastian Nazareth at the ET Now Awards for Retail Excellence.
Most Admired Upcoming Project of the Year at the ET Now Awards for Retail Excellence
Young Achiever’s Award for Ashish Puravankara at the ET Now Awards for Retail Excellence.
Popular Choice - Affordable Housing of the Year for Purva Welworthcity at the ET Now Awards for Retail Excellence.
Environment Friendly Project of the Year (Residential) for Purva Highland at the ET Now Awards for Retail Excellence.
Affordable Housing of the year for Provident Welworth City at the Realty Plus Excellence Awards 2013.
Provident Welworthcity at the CREDAI Real Estate Awards for Best Residential Dwellings above 1500 sq. ft.
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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.
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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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