PSP Projects Ltd.

NSE: PSPPROJECT | BSE: 540544 | ISIN: INE488V01015 | Industry: Construction & Engineering
| Mid-range Performer
633.4000 -2.10 (-0.33%)
NSE Apr 04, 2025 15:31 PM
Volume: 36,848
 

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PSP Projects Ltd.
10 Aug 2018
633.40
-0.33%
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.
PSP Projects Ltd. has an average target of 705.75 from 4 brokers.
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