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Buy PSP Projects Ltd For Target Rs.975 - ICICI Direct On a strong growth trajectory! About the stock: Incorporated in 2008 by Prahladbhai Patel, PSP Projects (PSP) is one of the prominent contractors offering a diversified range of construction and allied services. Its focus remains on industrial, institutional, government, government residential and residential projects. • PSP reported 21.4%, 17.3%, 15.6% CAGR in topline, EBITDA, PAT CAGR, respectively, during FY18-23 • Prudent management, strong execution track record, healt...
Buy PSP Projects Ltd For Target Rs.975 - ICICI Direct
Buy PSP Projects Ltd For Target Rs.975 - ICICI Direct
Source: ICICI Direct
2/08/2023 11:49:45 AM
Buy PSP Projects Ltd Target Rs. 860 - JM Financial Institutional Securities Ltd PSP Projects’ (PSP) 1QFY24 PAT at INR 367mn was in-line with estimate of INR 359mn (consensus: INR 419mn). Revenue grew by 48% YoY to INR 5.1bn and was below estimate of INR 5.5bn. EBITDA grew by 37% YoY to INR 646mn (estimate: INR 635mn). EBITDA margin declined by 90bps YoY on a high base to 12.7% but was above our estimate of 11.5%. Margin beat was on account of better revenue mix. Gross debt rose sharply from INR 1.45bn in Mar-23 to INR 2.81bn in June-23 due to rise in inventory leve...
Buy PSP Projects Ltd Target Rs. 860 - JM Financial Institutional Securities Ltd
Buy PSP Projects Ltd Target Rs. 860 - JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
1/08/2023 2:48:19 PM
PSP Projects gains on bagging order worth Rs 317.13 crore PSP Projects is currently trading at Rs. 756.50, up by 10.45 points or 1.40% from its previous closing of Rs. 746.05 on the BSE. The scrip opened at Rs. 754.50 and has touched a high and low of Rs. 758.65 and Rs. 745.10 respectively. So far 4897 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 775.55 on 06-Jan-2023 and a 52 week low of Rs. 458.90 on 20-Jun-2022. Last one week high and low of the scrip stood at R...
PSP Projects gains on bagging order worth Rs 317.13 crore
PSP Projects gains on bagging order worth Rs 317.13 crore
Source: Accord Fintech
15/05/2023 12:32:13 PM
PSP Projects soars on bagging orders worth Rs 441.25 crore till date during FY24 PSP Projects is currently trading at Rs. 694.80, up by 5.70 points or 0.83% from its previous closing of Rs. 689.10 on the BSE.   The scrip opened at Rs. 692.25 and has touched a high and low of Rs. 710.40 and Rs. 692.25 respectively. So far 6031 shares were traded on the counter.   The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 775.55 on 06-Jan-2023 and a 52 week low of Rs. 458.90 on 20-Jun-2022.   Last one week high an...
PSP Projects soars on bagging orders worth Rs 441.25 crore till date during FY24
PSP Projects soars on bagging orders worth Rs 441.25 crore till date during FY24
Source: Accord Fintech
2/05/2023 4:28:00 PM
Neutral PSP Projects Ltd Target Rs. 764 - Yes Securities Strong order book with robust bid pipeline   Our view PSP Projects Ltd (PSPPL) Q3 performance was subdued with marginalrevenue growth of 2.4% YoY (on account of higher base) to Rs5bn however margins were in line with the consensus. Company has bagged highest ever order inflow of Rs32.9bn till date surpassing FY23E guidance. The entire orderbook of Rs50.8bn as on 3Q (excl. Bhiwandi and Pandharpurforming 16% of OB) is under execution. Current bid pipeline stands at Rs45bn, of whic...
Neutral PSP Projects Ltd Target Rs. 764 - Yes Securities
Neutral PSP Projects Ltd Target Rs. 764 - Yes Securities
Source: Yes Securities Ltd
1/03/2023 2:14:31 PM
PSP Projects climbs on emerging as lowest bidder for government project in Surat PSP Projects is currently trading at Rs. 729.30, up by 20.80 points or 2.94% from its previous closing of Rs. 708.50 on the BSE. The scrip opened at Rs. 747.00 and has touched a high and low of Rs. 747.40 and Rs. 727.90 respectively. So far 20374 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 747.40 on 3-Jan-2022 and a 52 week low of Rs. 458.90 on 20-Jun-2022. Last one week high and low of the scrip stood at R...
PSP Projects climbs on emerging as lowest bidder for government project in Surat
PSP Projects climbs on emerging as lowest bidder for government project in Surat
Source: Accord Fintech
3/01/2023 10:27:58 AM
PSP Projects soars on getting letter of intent from Nila Spaces PSP Projects is currently trading at Rs. 684.95, up by 19.15 points or 2.88% from its previous closing of Rs. 665.80 on the BSE. The scrip opened at Rs. 670.00 and has touched a high and low of Rs. 687.00 and Rs. 666.50 respectively. So far 59892 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 687.00 on 12-Dec-2022 and a 52 week low of Rs. 446.65 on 20-Dec-2021. Last one week high and low of the scrip stood at ...
PSP Projects soars on getting letter of intent from Nila Spaces
PSP Projects soars on getting letter of intent from Nila Spaces
Source: Accord Fintech
12/12/2022 2:18:05 PM
Add PSP Projects Ltd Target Rs.629 - Yes Securities Our view PSP Projects Ltd (PSPPL) Q2 performance was quite disappointing with revenue reporting a de?growth of 8.7% YoY to Rs3.6bn on account of a) elongated monsoon and b) ~86% of the OB mainly in Gujarat and UP were in the initial stage of execution. EBITDA fell by 29.5% YoY to Rs386mn with EBITDA margins contracting to 10.8% primarily due to slowdown in execution. In 1HFY23, company has bagged highest ever order inflow of Rs15.1bn thereby taking OB to Rs50.8bn translating into order boo...
Add PSP Projects Ltd Target Rs.629 - Yes Securities
Add PSP Projects Ltd Target Rs.629 - Yes Securities
Source: Yes Securities Ltd
19/10/2022 2:34:34 PM
Buy PSP Projects Ltd For Target Rs.760 - ICICI Direct Bigger opportunities knocking on door! About the stock: Incorporated in 2008, PSP Projects (PSP) is one of the prominent contractors offering a diversified range of construction and allied services. Its focus remains on industrial, institutional, government, government residential and residential projects. * PSP reported 34.3%, 31.2%, 31.3% CAGR in topline, EBITDA, PAT CAGR, respectively, during FY17-22 * Prudent management with net debt free, robust return ratios (RoCE: 25+%) Key...
Buy PSP Projects Ltd For Target Rs.760 - ICICI Direct
Buy PSP Projects Ltd For Target Rs.760 - ICICI Direct
Source: ICICI Direct
17/09/2022 11:24:49 AM
PSP Projects soars on bagging contracts worth Rs 247.35 crore PSP Projects is currently trading at Rs. 611.55, up by 25.10 points or 4.28% from its previous closing of Rs. 586.45 on the BSE. The scrip opened at Rs. 607.00 and has touched a high and low of Rs. 624.00 and Rs. 607.00 respectively. So far 14363 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 672.00 on 19-Jul-2022 and a 52 week low of Rs. 415.00 on 26-Aug-2021. Last one week high and low of the scrip stood at ...
PSP Projects soars on bagging contracts worth Rs 247.35 crore
PSP Projects soars on bagging contracts worth Rs 247.35 crore
Source: Accord Fintech
25/08/2022 11:08:30 AM
Buy PSP Projects Ltd For Target Rs.710 - ICICI Direct Mixed bag – weak execution but margin beat!   About the stock: Incorporated in 2008 by Prahladbhai Patel, PSP Projects (PSP) is one of the prominent contractors offering a diversified range of construction and allied services. Its focus remains on industrial, institutional, government, government residential and residential projects. * PSP reported 34.3%, 31.2%, 31.3% CAGR in topline, EBITDA, PAT CAGR, respectively, during FY17-22 * Prudent management, net debt free, ro...
Buy PSP Projects Ltd For Target Rs.710 - ICICI Direct
Buy PSP Projects Ltd For Target Rs.710 - ICICI Direct
Source: ICICI Direct
11/08/2022 4:47:48 PM
PSP Projects soars on getting new LoI worth Rs 290 crore PSP Projects is currently trading at Rs. 627.15, up by 8.35 points or 1.35% from its previous closing of Rs. 618.80 on the BSE. The scrip opened at Rs. 616.40 and has touched a high and low of Rs. 641.25 and Rs. 616.40 respectively. So far 23347 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 672.00 on 19-Jul-2022 and a 52 week low of Rs. 406.40 on 23-Aug-2021. Last one week high and low of the scrip stood at R...
PSP Projects soars on getting new LoI worth Rs 290 crore
PSP Projects soars on getting new LoI worth Rs 290 crore
Source: Accord Fintech
1/08/2022 2:30:44 PM
PSP Projects bags new work orders worth Rs 257.27 crore PSP Projects has bagged new work orders for worth Rs 257.27 crore (excluding GST), which includes two work orders from repeat clients i.e. Development of Ahmedabad Airport in Institutional Segment and one Pharmaceutical Project in Industrial Segments worth Rs 128.01 crore and Rs 98.99 crore respectively and remaining orders worth Rs 30.26 crore are from the Precast Segment. With receipt of the above, the total work orders received during the financial year 2022-23 till date amounts to Rs 806....
PSP Projects bags new work orders worth Rs 257.27 crore
PSP Projects bags new work orders worth Rs 257.27 crore
Source: Accord Fintech
26/07/2022 9:48:21 AM
Buy PSP Projects Ltd Target Rs.716 - Yes Securities Moving up the curve Our view PSP Projects Ltd (PSPPL) 4Q performance was healthy with revenues and margins coming above our estimates. With Surat Diamond Bourse being on the verge of completion and expected to be done in 1QFY23; the company would be eligible to focus on single large ticket size project worth Rs20‐25bn. On the back of strong awarding momentum and robust order book of Rs43bn, the management gave guidance of 20‐25% YoY revenue growth along with EBITDA in the range of 11‐12...
Buy PSP Projects Ltd Target Rs.716 - Yes Securities
Buy PSP Projects Ltd Target Rs.716 - Yes Securities
Source: Yes Securities Ltd
30/05/2022 11:51:57 AM
PSP Projects surges on emerging as lowest bidder for one government residential project in Uttar Pradesh PSP Projects is currently trading at Rs. 506.70, up by 2.65 points or 0.53% from its previous closing of Rs. 504.05 on the BSE. The scrip opened at Rs. 502.00 and has touched a high and low of Rs. 513.75 and Rs. 499.00 respectively. So far 26312 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 542.00 on 05-Oct-2021 and a 52 week low of Rs. 375.00 on 26-Nov-2020. Last one week high and low of the scrip stood at R...
PSP Projects surges on emerging as lowest bidder for one government residential project in Uttar Pradesh
PSP Projects surges on emerging as lowest bidder for one government residential project in Uttar Pradesh
Source: Accord Fintech
12/10/2021 3:31:20 PM
Buy PSP Projects Ltd For Target Rs.547 - Yes Securities Result Highlights * PSP Projects which has witnessed near normalcy in execution during the quarter posted a strong revenue growth of 9.7% yoy and 28.3% qoq. The total revenue for the quarter was in-line with our estimate and came in at Rs.5.0 bn. The total revenue for the year FY21 was Rs.12.4 bn. * Operating margins have also improved and stood at 12.4% for the quarter, up by 133 bps yoy and 37 bps qoq. * The company during the year has secured new orders worth around Rs. 24.4 bn an...
Buy PSP Projects Ltd For Target Rs.547 - Yes Securities
Buy PSP Projects Ltd For Target Rs.547 - Yes Securities
Source: Yes Securities Ltd
21/06/2021 9:27:38 AM
PSP Projects moves up on receiving LoA of Rs 1491.34 crore PSP Projects is currently trading at Rs. 490.70, up by 12.50 points or 2.61% from its previous closing of Rs. 478.20 on the BSE. The scrip opened at Rs. 500.00 and has touched a high and low of Rs. 505.00 and Rs. 488.60 respectively. So far 2898 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 506.00 on 08-Feb-2021 and a 52 week low of Rs. 233.80 on 24-Mar-2020. Last one week high and low of the scrip stood at R...
PSP Projects moves up on receiving LoA of Rs 1491.34 crore
PSP Projects moves up on receiving LoA of Rs 1491.34 crore
Source: Accord Fintech
9/03/2021 2:26:17 PM
Buy PSP Projects Ltd For Target Rs.528 - Yes Securities Execution momentum to continue Q3 FY21 Conference Call Highlights * The labor availability is back to normal levels which supported execution during the quarter. All projects are under execution except for Bhiwandi project and Sabha Hall project. The company will receive the clearances on both projects by February end. The Bhiwandi projects is expected to start from March.   * Surat Diamond project  ‐  The revenue per month run‐rate slowed during the quarter (Rs...
Buy PSP Projects Ltd For Target Rs.528 - Yes Securities
Buy PSP Projects Ltd For Target Rs.528 - Yes Securities
Source: Yes Securities Ltd
28/01/2021 10:02:57 AM