PSP Projects Ltd.

NSE: PSPPROJECT | BSE: 540544 | ISIN: INE488V01015 | Industry: Construction & Engineering
| Turnaround Potential
757.7000 3.40 (0.45%)
NSE Aug 01, 2025 15:31 PM
Volume: 113.6K
 

logo
PSP Projects Ltd.
10 Aug 2019
757.70
0.45%
HDFC Securities
With bids placed for orders worth ~Rs 25-30bn, PSP expects to replenish it order book and maintain order book-to-bill ratio at around 2.5-3x. Opportunities in affordable housing schemes coupled with expansion into newer geographies like Maharashtra and Karnataka would enable the company to scale its operations and help grow and maintain sufficient order book backlog. We believe further re-rating is contingent on this successful transformation. We upgrade PSP to BUY. Key risks (1) Delay in diversification outside Gujrat; (2) Delays in receipt of new awards & (3) Slowdown in Private capex. PSP delivered Rev/EBIDTA/APAT beat of 12/12/15%. Owing to recent price correction we upgrade the stock to BUY from NEU with Rs 579/sh TP (we value EPC business at 16x FY21E EPS). We have maintained our FY21E Rev/EBITDA/APAT estimates.
Axis Direct downgraded PSP Projects Ltd. to Hold with a price target of 765.0 on 31 Jul, 2025.
More from PSP Projects Ltd.
All earning calls
Investor presentations from PSP Projects Ltd.
All investor presentations