PSP Projects Limited

BSE: PSPPROJECT540544ISIN INE488V01015

Industrials
Civil Construction
BSE 1000

Share price

₹756.65+32.95 (+4.55%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹1,142.00
52W low: ₹569.30
Off 52W high: -33.74%
1M return: -0.85%
3M return: -20.02%
6M return: -8.56%
1Y return: -20.94%
20D avg volume: 2,992
50 DMA: ₹803.04
200 DMA: ₹824.49

Key ratios Consolidated

Market cap: ₹3,000 Cr
Current price: ₹756.65
52W high / low: ₹1,142.00 / ₹569.30
Face value: ₹10.00
P/E: 34.28
P/B: 2.29
EPS (TTM): ₹22.07
Book value / share: ₹331.03
ROE: —
ROCE: 9.20%
Operating margin: —
Net margin: —
Debt / equity: 0.25
Net debt: ₹57.05 Cr
Interest cover: 2.65
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 94.0 days

Financials

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	1,113	853.47	1,115	812.79	702.87	517.76	672.89	630.21	585.97	623.06	667.76	704.75
	4.91	4.06	5.27	3.88	4.11	4.00	5.18	3.78	4.57	3.79	6.07	6.43
	1,118	857.53	1,121	816.67	706.98	521.76	678.07	633.99	590.54	626.85	673.83	711.18
	1,078	829.28	1,093	792.78	684.59	521.03	670.02	623.66	576.88	579.01	649.06	669.14
	268.75	246.63	354.61	310.57	302.45	200.65	206.79	208.42	196.89	173.87	228.28	251.30
	90.05	48.86	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	49.77	45.94	36.43	41.03	33.25	35.04	23.06	33.33	30.50	32.62	33.55	33.75
	7.66	7.54	11.21	10.86	12.00	11.17	10.23	10.24	10.58	13.17	14.02	15.27
	26.25	23.07	26.37	23.66	19.65	16.89	19.25	18.74	17.93	16.74	19.94	18.73
	648.56	456.39	648.48	413.69	296.35	267.28	400.13	8.18	6.71	9.84	19.94	8.52
	40.14	28.25	27.49	23.90	22.39	0.73	8.05	10.32	13.66	47.84	24.77	42.04
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	40.14	28.25	27.49	23.90	22.39	0.73	8.05	10.32	13.66	47.84	24.77	42.04
	9.89	9.91	6.33	6.05	6.22	0.30	1.58	3.74	3.44	13.15	8.69	10.98
	30.24	18.34	21.09	17.83	16.17	0.42	6.46	5.05	10.22	34.68	15.52	31.08
	7.63	4.63	5.26	4.53	4.10	0.11	1.64	1.28	2.60	8.80	4.31	8.63
Key metrics
	74.05	58.86	65.07	58.42	54.04	28.79	37.53	39.30	42.17	77.75	58.73	76.04
	6.70%	6.90%	5.80%	7.20%	7.70%	5.60%	5.60%	6.20%	7.20%	12.50%	8.80%	10.80%
	2.70%	2.10%	1.90%	2.20%	2.30%	0.10%	1.00%	0.80%	1.70%	5.60%	2.30%	4.40%
	3.60%	—	3.00%	—	2.80%	—	1.50%	—	—	—	—	—
	58.40%	64.80%	65.70%	29.00%	19.90%	-16.90%	0.80%	-10.60%	—	—	—	—
	87.00%	4,266.70%	226.50%	253.10%	58.20%	-98.80%	-58.40%	-83.80%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	3,895	3,149	2,512	2,506	1,938	1,748
	18.12	17.26	17.32	24.22	25.00	21.72
	3,913	3,166	2,529	2,530	1,963	1,770
	3,793	3,091	2,450	2,361	1,780	1,548
	1,181	1,168	785.97	958.85	602.77	495.39
	138.91	0.00	0.00	—	—	—
	173.17	145.75	119.51	125.05	93.45	72.34
	37.27	45.24	44.22	50.82	31.96	26.49
	99.35	86.57	72.65	64.87	40.01	32.05
	2,167	1,626	1,395	42.16	—	26.69
	119.78	74.50	79.87	169.46	183.10	221.61
	0.00	0.00	0.00	0.00	0.00	0.00
	119.78	74.50	79.87	169.46	183.10	221.61
	32.18	18.91	21.91	46.00	48.46	55.34
	87.50	55.52	56.42	122.97	131.94	166.65
	22.05	14.00	14.32	34.16	36.65	46.29
Key metrics
	256.40	206.31	196.74	285.15	255.07	280.15
	6.58%	6.60%	7.80%	11.40%	13.20%	16.00%
	2.25%	1.80%	2.20%	4.90%	6.80%	9.50%
	—	9.20%	10.10%	—	—	—
	54.32%	25.30%	0.30%	29.30%	10.90%	—
	211.39%	-1.60%	-54.10%	-6.80%	-20.80%	—
	—	129.86	-15.25	—	—	—
	—	5.81	0.93	—	—	—
	—	0.25	0.22	—	—	—
	—	57.05	191.81	—	—	—
	—	94.0	63.4	—	—	—
Balance sheet
	—	3,089	2,353	—	—	—
	—	2,387	1,779	—	—	—
	—	260.17	79.72	—	—	—
	—	928.22	529.83	—	—	—
	—	347.61	323.94	—	—	—
	—	179.97	120.90	—	—	—
	—	411.67	305.96	—	—	—
	—	465.20	417.91	—	—	—
	—	1,789	1,123	—	—	—
	—	317.22	271.53	—	—	—
	—	294.39	253.11	—	—	—
	—	22.83	18.42	—	—	—
	—	1,264	1,209	—	—	—
Cash flow
	—	322.82	52.71	—	—	—
	—	-152.05	-105.69	—	—	—
	—	9.68	19.60	—	—	—
	—	192.96	67.96	—	—	—

Metric	Q2 FY27	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24
Income statement
	1,009	785.30	1,012	771.22	693.69	512.76	655.09	623.21	578.09	611.89	649.17	696.62
	5.19	4.10	9.03	4.01	4.11	4.00	5.11	3.78	4.57	3.76	5.99	6.54
	1,014	789.40	1,021	775.23	697.80	516.76	660.20	626.99	582.66	615.65	655.16	703.16
	975.70	765.40	994.32	753.82	677.24	516.35	654.13	616.83	567.76	568.36	631.31	659.18
	265.91	245.10	281.93	277.59	301.51	199.14	202.75	205.73	196.11	169.54	219.76	248.69
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	49.77	45.94	36.43	41.03	33.25	35.04	23.06	33.33	30.49	32.62	33.55	33.75
	7.63	7.54	11.21	10.86	12.00	11.17	10.23	10.24	10.58	13.17	14.02	15.27
	26.29	23.09	26.37	23.65	19.64	16.87	19.25	18.74	17.93	16.74	19.94	18.73
	637.88	444.02	625.08	404.65	289.62	263.20	388.28	9.69	6.69	9.83	20.61	8.51
	38.62	24.00	26.49	21.41	20.56	0.41	6.06	10.16	14.90	47.30	23.85	43.98
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—	—
	38.62	24.00	26.49	21.41	20.56	0.41	6.06	10.16	14.90	47.30	23.85	43.98
	9.57	8.84	5.34	5.35	5.68	0.22	1.11	4.08	3.75	13.02	8.60	11.46
	29.05	15.16	21.16	16.06	14.89	0.19	4.95	6.08	11.15	34.28	15.25	32.52
	7.33	3.82	5.34	4.05	3.76	0.05	1.26	1.54	2.83	8.70	4.24	9.03
Key metrics
	72.54	54.63	64.07	55.92	52.20	28.45	35.54	39.14	43.41	77.21	57.81	77.98
	7.20%	7.00%	6.30%	7.30%	7.50%	5.50%	5.40%	6.30%	7.50%	12.60%	8.90%	11.20%
	2.90%	1.90%	2.10%	2.10%	2.10%	0.00%	0.80%	1.00%	1.90%	5.60%	2.30%	4.70%
	3.50%	—	2.90%	—	2.60%	—	1.30%	—	—	—	—	—
	45.50%	53.20%	54.40%	23.70%	20.00%	-16.20%	0.90%	-10.50%	—	—	—	—
	95.10%	7,878.90%	327.50%	164.10%	33.50%	-99.40%	-67.50%	-81.30%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	3,577	2,989	2,468	2,462	1,927	1,749
	22.33	21.15	17.22	24.27	27.10	21.25
	3,600	3,011	2,486	2,487	1,954	1,770
	3,489	2,942	2,407	2,317	1,774	1,551
	1,071	1,060	774.13	935.60	599.42	495.38
	0.00	0.00	0.00	—	—	—
	173.17	145.75	119.51	125.05	93.45	72.34
	37.24	45.24	44.22	50.82	31.96	26.40
	99.40	86.54	72.65	64.87	40.01	32.05
	2,112	1,583	1,365	42.61	26.14	28.63
	110.52	68.87	78.42	170.21	180.14	219.31
	0.00	0.00	0.00	—	—	—
	110.52	68.87	78.42	170.21	180.14	219.31
	29.10	16.59	21.97	46.31	47.12	56.91
	81.43	52.29	56.46	123.90	133.02	162.40
	20.54	13.19	14.33	34.42	36.95	45.11
Key metrics
	247.16	200.65	195.29	285.90	252.11	277.76
	6.91%	6.70%	7.90%	11.60%	13.10%	15.90%
	2.28%	1.70%	2.30%	5.00%	6.90%	9.30%
	—	8.80%	10.00%	—	—	—
	43.98%	21.10%	0.20%	27.80%	10.20%	—
	211.87%	-7.40%	-54.40%	-6.90%	-18.10%	—
	—	128.94	-13.24	—	—	—
	—	6.45	0.97	—	—	—
	—	0.25	0.22	—	—	—
	—	59.24	191.86	—	—	—
	—	95.7	65.0	—	—	—
Balance sheet
	—	2,972	2,337	—	—	—
	—	2,271	1,764	—	—	—
	—	257.98	79.67	—	—	—
	—	840.30	528.01	—	—	—
	—	343.75	322.57	—	—	—
	—	175.54	117.45	—	—	—
	—	411.83	305.76	—	—	—
	—	400.84	411.08	—	—	—
	—	1,675	1,107	—	—	—
	—	317.22	271.53	—	—	—
	—	294.39	253.11	—	—	—
	—	22.83	18.42	—	—	—
	—	1,261	1,209	—	—	—
Cash flow
	—	337.41	54.52	—	—	—
	—	-167.59	-105.60	—	—	—
	—	8.50	19.60	—	—	—
	—	208.47	67.76	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +15.77%
Sales CAGR 5Y: —
Profit CAGR 3Y: -26.75%
Profit CAGR 5Y: —
Sales YoY (TTM): +43.98%
Profit YoY (TTM): +211.87%

Consolidated

Sales CAGR 3Y: +17.56%
Sales CAGR 5Y: —
Profit CAGR 3Y: -25.06%
Profit CAGR 5Y: —
Sales YoY (TTM): +54.32%
Profit YoY (TTM): +211.39%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 68.82%

Quarter	September 2026	June 2026
Promoter %	68.82%	68.82%

Holder	Type	Holding	Previous	Change
ADANI INFRA (INDIA) LIMITED	Promoter	34.41%	34.41%	0.00%
PRAHALADBHAI SHIVRAMBHAI PATEL	Promoter	22.04%	22.04%	0.00%
SAGAR PRAHLADBHAI PATEL	Promoter Group	5.05%	5.05%	0.00%
SHILPABEN PRAHALADBHAI PATEL	Promoter	4.58%	4.58%	0.00%
POOJA P PATEL	Promoter Group	2.52%	2.52%	0.00%
MADHULIKA AGARWAL	Public	2.27%	2.27%	0.00%
ICICI PRUDENTIAL INFRASTRUCTURE FUND	Public	1.23%	1.23%	0.00%
SPP Family Trust (Acting through its Trustee - Mr. Prahaladbhai S Patel)	Promoter Group	0.11%	0.11%	0.00%
PPP Family Trust (Acting through its Trustee - Mrs. Shilpaben P. Patel)	Promoter Group	0.06%	0.06%	0.00%
PSP Family Trust (Acting through its Trustee - Mrs. Shilpaben P. Patel)	Promoter Group	0.05%	0.05%	0.00%
ADANI PROPERTIES PRIVATE LIMITED	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Larsen & Toubro Limited	5,41,567	3,936.05	25.92	13.20%	+11.15% TTM	+9.38% TTM	+0.38%
Rail Vikas Nigam Limited	39,866	191.20	44.50	10.30%	+5.40% TTM	-24.84% TTM	-41.30%
Cemindia Projects Limited	24,136	1,308.75	40.12	40.00%	+10.02% TTM	+46.60% TTM	+51.63%
KALPATARU PROJECTS INTERNATIONAL LIMITED	23,312	1,365.10	20.66	20.50%	+14.56% TTM	+61.94% TTM	+3.93%
NBCC (India) Limited	21,006	77.80	27.44	29.70%	+3.51% TTM	+30.78% TTM	-31.72%
IRB Infrastructure Developers Limited	20,303	16.81	21.28	6.00%	-2.20% TTM	-85.42% TTM	-24.80%
Engineers India Ltd.	16,901	300.70	18.83	26.60%	+6.00% TTM	+66.97% TTM	+52.21%
Techno Electric & Engineering Company Limited	10,302	885.80	23.90	12.80%	+38.72% TTM	-6.49% TTM	-32.09%
IRCON International Ltd	9,717	103.32	20.09	7.30%	-2.58% TTM	-19.18% TTM	-38.54%
RITES Limited	9,470	197.05	20.53	18.30%	+10.59% TTM	-0.32% TTM	-20.93%
Welspun Enterprises Limited	9,395	678.75	27.00	14.60%	+0.63% TTM	+0.78% TTM	+20.42%
KEC International Ltd.	8,554	321.35	20.24	20.30%	-1.94% TTM	-38.14% TTM	-60.26%
Afcons Infrastructure Limited	7,768	211.20	54.08	11.60%	-11.87% TTM	-73.03% TTM	-52.52%
NCC Limited	7,616	121.30	10.18	17.50%	-1.81% TTM	-12.01% TTM	-41.04%
G R Infraprojects Limited	7,422	767.10	7.31	12.50%	+25.06% TTM	-7.95% TTM	-33.27%
Power Mech Projects Limited	7,111	2,249.10	16.91	21.20%	+15.79% TTM	+14.76% TTM	-8.84%
Ceigall India Limited	6,957	399.35	21.65	17.60%	+20.31% TTM	+23.56% TTM	+60.28%
ISGEC Heavy Engineering Limited	6,942	944.10	27.43	10.50%	+21.43% TTM	+17.19% TTM	+7.10%
Dilip Buildcon Limited	6,485	399.20	5.17	22.20%	-18.82% TTM	+29.15% TTM	-21.95%
Hindustan Construction Co. Ltd.	4,904	18.72	29.56	17.20%	-20.64% TTM	+0.03% TTM	—
LCC PROJECTS LIMITED	3,925	135.50	13.85 FY26	—	+23.37% FY26	+28.09% FY26	—
Ahluwalia Contracts (India) Ltd	3,555	530.75	15.80	15.80%	+12.00% TTM	+1.04% TTM	-42.18%
STERLING AND WILSON RENEWABLE ENERGY LIMITED	3,509	150.25	16.46	-9.60%	-9.04% TTM	+158.14% TTM	-36.00%
PNC Infratech Limited	3,293	128.35	5.22	13.50%	+1.82% TTM	-21.49% TTM	-54.49%
Vindhya Telelinks Ltd.	3,242	2,735.95	13.67	4.00%	-17.53% TTM	+2.25% TTM	+99.79%
PSP Projects Limited	3,000	756.65	34.28	9.20%	+54.32% TTM	+211.39% TTM	-20.94%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Audio recording of Q2FY27 Earnings Conference Call2 Nov 2026 · Company Update / Analyst / Investor Meet
We hereby submit investor presentation for the quarter ended September 30, 20262 Nov 2026 · Company Update / Investor Presentation
Change in Registered Office of the Company2 Nov 2026 · Company Update / Change in Registered Office Address
Unaudited Financial Results for the quarter and half year ended on September 30, 2026.2 Nov 2026 · Result / Financial Results
Outcome of Board Meeting held on November 02, 20262 Nov 2026 · Board Meeting / Outcome of Board Meeting
Intimation of Q2FY27 Earnings Conference Call14 Oct 2026 · Company Update / Analyst / Investor Meet
PSP Projects Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 02/11/2026 ,inter alia, to consider and approve the Unaudited Standalone & Consolidated ....12 Oct 2026 · Board Meeting / Board Meeting
Certificate under Regulation 74(5) of SEBI (DP) Regulations, 20186 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of Closure of Trading Window28 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Intimation of meeting with Analysts/Investors23 Sep 2026 · Company Update / Analyst / Investor Meet
Intimation of meeting with Analysts/Investors22 Sep 2026 · Company Update / Analyst / Investor Meet
Disclosure of change in Senior Management Personnel16 Sep 2026 · Company Update / Cessation
Transcript of Earning Conference Call of Q1FY275 Aug 2026 · Company Update / Earnings Call Transcript
Audio Recording of Q1FY27 Earnings Conference Call30 Jul 2026 · Company Update / Analyst / Investor Meet
We hereby submit Investor Presentation for the quarter ended June 30, 202630 Jul 2026 · Company Update / Investor Presentation
Unaudited Financial Result for the quarter ended on June 30, 202630 Jul 2026 · Result / Financial Results
Outcome of Board Meeting held on July 30, 202630 Jul 2026 · Board Meeting / Outcome of Board Meeting
Submission of Newspaper Publication for transfer of shares to IEPF21 Jul 2026 · Company Update / Newspaper Publication
Intimation of ESG Ratings11 Jul 2026 · Company Update / General
Certificate under Regulation 74 (5) of SEBI DP Regulations, 20189 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Intimation of Q1FY27 Earnings Conference Call9 Jul 2026 · Company Update / Analyst / Investor Meet
PSP Projects Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/07/2026 ,inter alia, to consider and approve the Unaudited Standalone & Consolidated ....9 Jul 2026 · Board Meeting / Board Meeting
Voting Result along with scrutinizer''s report of the 18th AGM of the Company30 Jun 2026 · AGM/EGM / AGM
Summary of proceedings of the 18th Annual General Meeting (AGM) of the Company held on June 27, 202627 Jun 2026 · AGM/EGM / AGM
Intimation of Closure of Trading Window25 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Newspaper Publication pertaining to Notice of the 18th Annual General Meeting and information of remote e-voting.29 May 2026 · Company Update / Newspaper Publication
Business Responsibility and Sustainability Reporting (BRSR) for the Financial Year 2025-2628 May 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Annual Report for the Financial Year 2025-2628 May 2026 · Others / Reg. 34 (1) Annual Report
Notice of 18th Annual General Meeting Scheduled on June 27, 202628 May 2026 · AGM/EGM / AGM
Newspaper publication pertaining to information regarding 18th Annual General Meeting of the Company26 May 2026 · Company Update / Newspaper Publication
Intimation of meeting with Analysts/Investors18 May 2026 · Company Update / Analyst / Investor Meet
Annual Secretarial Compliance Report for the year ended March 31, 2026 pursuant to Regulation 24A of SEBI (LODR) Regulations, 201516 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Transcript of Earning Conference Call of Q4FY266 May 2026 · Company Update / Earnings Call Transcript
Audio Recording of Q4FY26 Earnings Conference Call30 Apr 2026 · Company Update / Analyst / Investor Meet
We hereby submit Investor Presentation for the quarter and year ended March 31, 2026.30 Apr 2026 · Company Update / Investor Presentation
We hereby inform that the Board in their meeting held today, appointed/re-appointed Internal Auditor, Cost Auditor and Statutory Auditor of the Company.30 Apr 2026 · Company Update / General
Submission of Audited Standalone and Consolidated Financial Results for the Financial Year ended March 31, 2026.30 Apr 2026 · Result / Financial Results
Outcome of Board Meeting held on April 30, 2026.30 Apr 2026 · Board Meeting / Outcome of Board Meeting
Intimation of Q4FY26 and FY26 Earnings Conference Call9 Apr 2026 · Company Update / Analyst / Investor Meet
PSP Projects Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 30/04/2026 ,inter alia, to consider and approve the Audited Standalone & Consolidated ....9 Apr 2026 · Board Meeting / Board Meeting

Board meetings

2 Nov 2026 Board Meeting - Financial Results
30 Jul 2026 Board Meeting - Financial Results