NSE: PSPPROJECT | BSE: 540544

Mid-range Performer

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761.90 5.15 (0.68%)

New 52W High in past week

90,132 NSE+BSE Volume

NSE 08 Jul, 2025 3:31 PM (IST)

3,020.3

Market Cap

High in industry

0.6

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.

10 Aug 2019

761.90

0.68%

PSP Projects (1QFY20): Resilient show. Upgrade to BUY

Buy: PSP Projects Ltd.

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.

PSP Projects Ltd. has an average target of 652.00 from 3 brokers.

PSP Projects Ltd.

09 Aug 2019

761.90

0.68%

PSP Projects Ltd - Result Update Q1FY20

Buy: PSP Projects Ltd.

Edelweiss

PSP Projects Ltd (PSP), reported a strong set of numbers which were well in-line with our expectations. Although the company maintained a healthy revenue growth trend.

PSP Projects Ltd. has gained 18.00% in the last 1 Month

PSP Projects Ltd.

04 Jul 2019

761.90

0.68%

First Light: Oil & Gas: Q1FY20 Preview, Automobiles, PSP Projects

Not Rated: PSP Projects Ltd.

BOB Capital Markets Ltd.

Cyclical business fundamentals worsened in Q1FY20 Singapore GRMs remained depressed at US$ 3.5/bbl (+8% QoQ, 43% YoY), while petrochemical cracks likely declined ~15% QoQ. We see earnings pressure for RIL and OMCs aggravated by softer light-heavy crude spreads. Higher oil prices (+8% QoQ) offer some respite to upstream PSUs. Lower spot LNG prices (27% QoQ) could lift margins and drive robust earnings for CGD companies, but raise uncertainty over GAIL and PLNG's earnings....

PSP Projects Ltd. is trading above all available SMAs

PSP Projects Ltd.

03 Jul 2019

761.90

0.68%

PSP Projects (NOT RATED): Management meet update Equipped for growth

Not Rated: PSP Projects Ltd.

BOB Capital Markets Ltd.

We attended a group meeting with Prahaladbhai Patel, CMD and CEO of PSP Projects (PSPPL). Following are the key takeaways: Targeting ~Rs 35bn near-term bid opportunity: PSPPL has identified several key projects due for award in the near term: (i) Rs 8.5bn riverfront project in Gujarat (multiple small-ticket works of Rs 500mn each); (ii) Rs 8bn unfinished residential project of Nayara Energy in Jamnagar, Gujarat (bids submitted in Mar'19; JMC, PSPPL, Capacite participated); (iii) Rs 15bn residential-cumschool building project of Vedanta in Barmer, Rajasthan; (iv) Rs 1.8bn building project for Gujarat Science City, Ahmedabad; (v) others worth Rs 3bn in Gujarat....

PSP Projects Ltd. is trading above all available SMAs

PSP Projects Ltd.

28 May 2019

761.90

0.68%

PSP Projects (4QFY19): Order accretion remains key. Maintain BUY

Buy: PSP Projects Ltd.

Target

HDFC Securities

PSP is maxing out on execution at current order book levels of Rs 30bn. It needs to replenish its order book and increase the average size of new order wins. Tailwinds provided by the SDB project execution augurs well for meeting qualification requirements of large government/private orders. PSP needs to increase its share of order book in the Mumbai/Bengaluru regions and reduce reliance on Gujarat. We believe further re-rating is contingent on this successful transformation. We maintain BUY. Key risks (1) Delay in diversification; (2) Slow private capex recovery; and (3) High interest rates. We maintain BUY on PSP with an increased TP of Rs 579/sh (vs Rs 550 earlier). We have upgraded our FY21E Rev/EBITDA/APAT estimate by 4.4/4.4/5.2%

PSP Projects Ltd. has gained 20.90% in the last 3 Months

PSP Projects Ltd.

28 May 2019

761.90

0.68%

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 all available SMAs

PSP Projects Ltd.

11 Feb 2019

761.90

0.68%

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. has an average target of 652.00 from 3 brokers.

PSP Projects Ltd.

11 Feb 2019

761.90

0.68%

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. has an average target of 652.00 from 3 brokers.

PSP Projects Ltd.

16 Jan 2019

761.90

0.68%

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. has an average target of 652.00 from 3 brokers.

PSP Projects Ltd.

06 Nov 2018

761.90

0.68%

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.