NSE: PSPPROJECT | BSE: 540544

Strong Performer, Getting Expensive

Download real time

772.10 -7.20 (-0.92%)

36.56% Gain from 52W Low

113.6K NSE+BSE Volume

NSE 25 Sep, 2025 3:31 PM (IST)

3,060.7

Market Cap

High in industry

0.4

Beta 1Year

Very Low volatility

PSP Projects Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for PSPPROJECT, BSE:540544 PSP Projects Ltd.

PSP Projects Ltd.

19 Jan 2023

772.10

-0.92%

HSIE Results Daily: IndusInd Bank, ICICI Prudential Life, PSP Projects

Accumulate: PSP Projects Ltd.

Recommendation Target

HDFC Securities

PSP Projects: PSP Projects (PSP) reported yet another weak quarter, with revenue/EBITDA/APAT of INR 5/0.6/0.4bn, thereby missing our estimates at all levels. PSP continues to disappoint with slower-than-expected execution ramp-up in Q3FY23. Its entire order book (OB) (excl. Bhiwandi and Pandharpur forming 14%) is under execution. The current bid pipeline stands at INR 45bn, of which 70% orders are from Gujarat and 60% are private. The revenue guidance for FY23/24 stands at ~INR 21/27bn, with margin of 11-13% and an order inflow (OI) of ~INR 40bn. Given a robust OB and likely higher execution in the near term, we recalibrate our FY24/25 EPS higher and increase our TP to INR 764/sh (13x Dec-24E EPS). However, due to the recent rally in the stock price and limited upside on our TP, we downgrade our rating to ADD. IndusInd Bank: IndusInd Bank (IIB) reported its highest-ever quarterly earnings, largely on account of steady loan growth (+19% YoY), stable margins, sustained traction in fee income and lower credit costs (1.7% annualised). Gross slippages at 2.3% witnessed some deterioration in the CV/CE portfolio and partial fallout from the restructured book, ex of which the back-book appears to be incrementally stabilising. IIB managed to garner retail deposits in the form of CA and TD from select affluent and NRI pockets, resulting in an overhang on its funding costs. Given its historically sub-par/non-sticky deposit profile, we believe IIB would continue to face challenges in a deposit-constrained environment, given the narrowing wedge with loan growth. We tweak our FY23E/FY24E estimates to factor in...

PSP Projects Ltd. has gained 22.80% in the last 6 Months

PSP Projects Ltd.

19 Jan 2023

772.10

-0.92%

PSP Projects

Buy: PSP Projects Ltd.

Target

ICICI Direct

PSP Projects Ltd. is trading above all available SMAs

PSP Projects Ltd.

19 Jan 2023

772.10

-0.92%

PSP Projects: Q3FY23 Result Review

Buy: PSP Projects Ltd.

Target

IDBI Capital

Number of FII/FPI investors decreased from 59 to 36 in Jun 2025 qtr

PSP Projects Ltd.

19 Jan 2023

772.10

-0.92%

PSP Projects Ltd. | Q3FY23 Result Update

Buy: PSP Projects Ltd.

Target

Edelweiss

Dismal performance due to poor execution

PSP Projects Ltd. has gained 22.80% in the last 6 Months

PSP Projects Ltd.

19 Jan 2023

772.10

-0.92%

Result Update:PSP Projects

Buy: PSP Projects Ltd.

Target

Axis Direct

We maintain our BUY rating on the stock with a TP of Rs 800/share, implying an upside potential of 15% from the CMP.

Number of FII/FPI investors decreased from 59 to 36 in Jun 2025 qtr

PSP Projects Ltd.

19 Oct 2022

772.10

-0.92%

Result Update:PSP Projects

Buy: PSP Projects Ltd.

Recommendation Target

Axis Direct

We value the company at 11x FY24E EPS to arrive at the TP of Rs 680/share, implying an upside potential of 19% from the CMP. We retain our BUY rating on the stock.

PSP Projects Ltd. has gained 22.80% in the last 6 Months

PSP Projects Ltd.

10 Oct 2022

772.10

-0.92%

Axis Annual Analysis:PSP Projects

Hold: PSP Projects Ltd.

Recommendation Target

Axis Direct

We value the company at 11x FY24E EPS to arrive at the target price of Rs 715/share, implying an upside potential of 7% from the current levels and hence change our ratings from BUY to HOLD.