PSP Projects Ltd. News and Updates

Name: Latest research reports of PSP Projects Ltd. authored by Edelweiss and published by - Trendlyne research reports.
Item: PSP Projects Ltd.
Rating: 5
Author: Edelweiss

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PSP Projects Ltd.

28 May 2019

633.00

-0.64%

PSP Projects Ltd - Result Update Q4FY19

Buy: PSP Projects Ltd.

Target

Edelweiss

PSP Projects Ltd (PSP), reported a mixed set of numbers. Although the company maintained healthy growth trend; momentum slowed partially in the last quarter of previous financial year.

PSP Projects Ltd. is trading above its 50 day SMA of 629.7

PSP Projects Ltd.

11 Feb 2019

633.00

-0.64%

PSP Projects (3QFY19): Inline performance. Maintain BUY

Buy: PSP Projects Ltd.

Target

HDFC Securities

Maintain BUY with a TP of Rs 603/sh (18x Dec-20E EPS). With a large contribution of ~Rs 0.9bn revenue coming from SDB (~Rs 2.3bn in 9MFY19) PSP posted a strong 53/24% YoY/QoQ top line growth. Margins continued to remain at the upper end of the 12-14% guidance band. With no significant interest outgo, PAT came at Rs 215mn (+41/22% YoY/QoQ).

PSP Projects Ltd. is trading above its 50 day SMA of 629.7

PSP Projects Ltd.

11 Feb 2019

633.00

-0.64%

PSP Projects Ltd - Result Update Q3FY19

Buy: PSP Projects Ltd.

Target

Edelweiss

PSP Projects Ltd (PSP), an efficient and organised constructor in the medium ticket size institutional and industrial construction segment, reported strong set of numbers in Q3FY19.

PSP Projects Ltd. is trading below its 30 day SMA of 634.0

PSP Projects Ltd.

16 Jan 2019

633.00

-0.64%

PSP Projects Ltd - Company Update

Buy: PSP Projects Ltd.

Target

Edelweiss

PSP Projects Ltd (PSP) is an efficient and organised constructor in the medium ticket size institutional and industrial construction segment in and around Gujarat.

PSP Projects Ltd. is trading above its 50 day SMA of 629.7

PSP Projects Ltd.

19 Nov 2018

633.00

-0.64%

New orders bode well for PSP Projects

Business Line

PSP Projects has bagged new institutional and industrial projects worth 372.47 crore from various clients, including two projects of 208.49 crore i

PSP Projects Ltd. is trading below its 30 day SMA of 634.0

PSP Projects Ltd.

06 Nov 2018

633.00

-0.64%

PSP Projects (2QFY19): Going steady. Maintain BUY

Buy: PSP Projects Ltd.

Target

HDFC Securities

We maintain BUY with TP of Rs 576/sh (18x Mar-20E EPS). PSPs 2QFY19 revenue of Rs 2.3bn (+50.4%YoY, -10.5% QoQ) was largely driven by the SDB project (~Rs 560mn). EBITDA margin came in at 14%, about 100bps higher than management guidance. PSP has won Rs 3.8bn of orders in 2QFY19 (in addition to Rs 520mn in 1QFY19) majority of which are repeat orders. Order book is now Rs 25.8bn.

PSP Projects Ltd. has an average target of 705.75 from 4 brokers.

PSP Projects Ltd.

06 Nov 2018

633.00

-0.64%

PSP Projects Ltd | Q2FY19 Result Update

Buy: PSP Projects Ltd.

Edelweiss

PSP Projects Ltd (PSP), an efficient and organised constructor in the medium ticket size institutional and industrial construction segment, reported strong set of numbers in Q2FY19.

PSP Projects Ltd. is trading above its 50 day SMA of 629.7

PSP Projects Ltd.

05 Nov 2018

633.00

-0.64%

PSP Projects

Buy: PSP Projects Ltd.

Dolat Capital

PSP reported 50.4% YoY growth in revenue to `2.1 bn (2.6% below estimates) led by robust execution particularly in SDB project worth `560 mn. Excluding SDB, revenue up 10.3% YoY to `1.5bn. EBITDA margin expanded by 64bps YoY to 14.0% (116bps above estimates), primarily led by lower other expenses which was partially offset by higher construction and employee expense. PAT grew by 38.7% YoY to `176 mn (4.0% above estimates) led by robust operating performance. Order book at 2.9x, enhances revenue visibility...

PSP Projects Ltd. is trading below its 30 day SMA of 634.0

PSP Projects Ltd.

27 Aug 2018

633.00

-0.64%

PSP Projects Ltd | Q1FY19 Result Update

Buy: PSP Projects Ltd.

Target

Edelweiss

PSP Projects Ltd (PSP), is an efficient and organised constructor in the medium ticket size institutional and industrial construction segment.

PSP Projects Ltd. is trading above its 50 day SMA of 629.7

PSP Projects Ltd.

10 Aug 2018

633.00

-0.64%

PSP Projects (1QFY19): Marginal miss. Maintain BUY

Buy: PSP Projects Ltd.

HDFC Securities

We maintain a BUY with a TP of Rs 639/sh (18x Mar-20E EPS). PSPs 1QFY19 revenue of Rs 2.3bn (+50.6%YoY, -11.0% QoQ) was largely driven by the SDB project (~Rs 830mn). EBITDA margin came in at 14%, about 100bps higher than management guidance. Change in project mix (SDB still in initial stage where material cost is significantly higher than labour) was key reason.