Investor presentationSep 2026
Sep 2026 · Investor presentation · Pranav Constructions Limited has informed the Exchange about Investor Presentation for quarter and half year ended 30th September 2026
Source: Nse
Pranav Constructions Limited (PRANAV)
Micro CapReal Estate stocks · Micro cap · NSE
Pranav Constructions Limited is a pure-play real estate redevelopment company operating primarily in Mumbai's Western Suburbs (MCGM region), focusing on asset-light society redevelopment projects with in-house execution capabilities spanning architecture, legal compliance, and sales.
Data qualityFresh enough for analysisQuote updated 04 Nov, 03:31 pm ISTDetails
Quote04 Nov, 03:31 pm IST
Base fundamentals02 Nov 2026 · screener
Latest result02 Nov, 01:13 am IST
Score05 Nov, 04:30 am IST · v4.3-runtime-valuation
Tags20 Sept 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Real Estate P/E 21.3 (n=75)
Technical timing lens
Trend score and candlestick chart
55NeutralMACD + · near 52W low
Stock trend: 49
Sector RS: 64
Sector 3M: -3.7% vs Nifty 500 -4.1%
Real Estate FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
PRANAVD candles · FIT view-33.3%Latest close ₹88.07 on 2026-11-04
Daily history is available from 2026-09-15; the requested 1Y window is partially covered.
Bar
-1.0%
RSI
33
MACD hist
0.80
52W pos
6%
2026-11-04O ₹88.99H ₹89.20L ₹87.85C ₹88.07Vol 4.7L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
PRANAVNifty RealtyNifty 500
- PRANAV
- -33.3%
- Nifty 500
- +1.3%
- Nifty Realty
- +6.3%
- Vs Nifty 500
- -34.6 pp
Chart stats
4 Nov 2026- From 52W high
- -46.7%
- 52W range position
- 6%
- ATR (14)
- 6.3%
- Volume vs 20D
- 0.18x
- Avg traded value
- ₹24.5 Cr
- 20D price channel
- ₹83.2 - ₹102.4
₹165.1
₹83.2 - ₹165.1
₹5.5
Latest completed session
20-session average
49.5% annualized volatility
Research snapshot
What the evidence says now
Investable fundamentals, management trust is not scored yet, price trend is neutral, and result consistency is still building.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · UNDERVALUED70
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent90
Revenue +7.0% · PAT +50.5% YoY
Technical
Neutral55
Price trend and sector-relative-strength timing.
Valuation
Legacy model+66.3%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
pending—
Management reliability not computed yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Sept 2026
Excellent · 90/100Rev +7% YoY · PAT +50% YoY · margin expansion · +6% QoQ · operating leverage
Filed 30 Oct 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹174.5 Cr | +7.0% | +5.7% |
| EBITDA | ₹30.6 Cr | +32.9% | +5.4% |
| Operating margin | 17.5% | +352 bps | -48 bps |
| PAT | ₹16.6 Cr | +50.5% | +18.2% |
| PAT margin | 9.5% | +274 bps | +101 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 13.60
- P/B
- 1.86
- EV/EBITDA
- 9.03
- Market Cap
- 1047.00Cr
Profitability
- ROE
- 33.80%
- ROCE
- 28.50%
- ROA
- 3.32%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 30.56%
- EPS 5Y
- 33.23%
- Revenue 3Y
- 40.00%
- EPS 3Y
- 40.00%
Balance Sheet
- Debt/Equity
- 0.26
- Interest Coverage
- 3.88×
- Altman Z
- 1.35
- Book Value
- 50.10
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 1/5
- OCF
- -41.00 Cr
- EPS TTM
- 8.18
Shareholding
- Promoter Hold
- 49.03%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 12%
Financial History
Updated 4/11/2026
Revenue
₹ CrLatest: 762+19.8% vs prev
Net Profit
₹ CrLatest: 71.0+14.5% vs prev
Return on Equity
%Latest: 28.7-18.9% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
NeutralTrend is undirectional — long-term trend unclear. RSI 33.
- RSI(14) at 33 — rising, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 47% off 52W high · 6% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
-
RS percentile
Insufficient history
1M return
-3.1%
3M return
-
6M return
-
1Y return
-
RS 1D
-
RS 20D
-
Sector rank
#17
Industry rank
-
Stage evidence
- At least 170 daily sessions are required for the trend-stage read.
50-DMA
unavailable
200-DMA
unavailable
Sector
lagging
Industry
unranked
Relative-strength line vs Nifty 500 (base 100)
35 observations
04 Nov 2026Value 65.86-2.79%
RS vs Nifty 50066
Valuation & peers
U-Score 70 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 70 · legacy U-Score band UNDERVALUED · valuation evidence and comparable companies
Top Setup
Fundamental score breakdown
U band · UNDERVALUEDValuation21/30
Growth23/25
Quality19/20
Balance Sheet3/15
Cash Flow0/10
Piotroski
6/9 (+3)
Penalties
1
Raw sum
70
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
70/100 · legacy band UNDERVALUED
Positive drivers
- Fair-value margin of safety is positive at 66.3%.
- Quality contributes 19/20 to the score.
- Growth contributes 23/25 to the score.
Main drags
- Altman Z is 1.4, in distress territory.
- Cash flow is weaker at 0/10; verify the latest quarterly trend.
- Balance sheet is weaker at 3/15; verify the latest quarterly trend.
Sector valuation model
Execution business valuation: EV/EBITDA plus order and working-capital risk
Capital-intensive execution stories need cash-flow and balance-sheet checks alongside valuation.
Primary lens
EV/EBITDA and PE against execution quality and margin stability.
Secondary checks
Order book, receivables, working capital, debt, operating cash flow.
Main risk check
Order wins matter only if they convert into cash and margins.
PE
13.6
PB
1.9
EV/EBITDA
9.0
ROE
33.8%
ROCE
28.5%
FCF Yield
—
Debt/Equity
0.3
MoS
+66.3%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 05 Nov 2026
v4.3-runtime-valuation
Final score
70
Previous: 70
Legacy U-Score band
UNDERVALUED
Previous: UNDERVALUED
Margin of safety
+66.3%
Previous: +66.3%
Score history
12 stored score snapshots. Latest stored move: +0 points.
05 Nov 2026
v4.3-runtime-valuation
66
66
66
66
66
65
65
65
69
70
70
70
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹96.03
+8.3% MoS
Growth-justified P/E
31.9
Growth-justified Value
₹261.35
+66.3% MoS
PEG
0.38
Comparable companies
Peers
Business-comparable peers in Real Estate — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
RUNWALENTR
Micro
Runwal Enterprises Limited
Realty
match 160
47
29.5
29.0%
+67%
FAIR VALUE
HORIZONIND
Small
Horizon Industrial Parks Limited
Realty
match 152
17
89.1
1.4%
-2123%
OVERVALUED
ELEVATE
Micro
Elevate Campuses Limited
Realty
match 128
46
127.0
4.1%
+89%
FAIR VALUE
TCC
Small
TCC Concept Limited
Real Estate
match 91
62
14.6
5.5%
+57%
UNDERVALUED
ARIHANT
Small
Arihant Foundations & Housing Limited
Real Estate
match 90
70
13.0
17.1%
+60%
UNDERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-10-29T00:40:26.577Z
Management commentary snapshot
Q1 FY27 Revenue rose 15.7% YoY to INR 1,645 Mn and PAT grew 45.5% YoY to INR 144 Mn, driven by steady construction progress, improved realizations, and higher collections.
The asset-light redevelopment model continues to deliver steady top-line growth and margin expansion, supported by high pre-sales (~92%) across ongoing projects and strong collections. However, elevated working capital needs and rising short-term borrowings warrant careful monitoring of cash conversion cycles.
Growth engines
Redevelopment Focus in Western Suburbs
ActivePure-play redevelopment model avoids upfront land acquisition costs and leverages strong market share (e.g., #1 combined supply in MCGM redevelopment between CY21-Q1 CY26).
Robust Upcoming Launch Pipeline
ActiveCompany has planned 5 project launches for the balance of FY27 and 13 project launches for FY28 across prime Mumbai micro-markets.
In-house Integrated Expertise
ActiveIn-house teams spanning architecture, legal liaisoning, and direct sales enable faster approvals, design customization, and benchmark pricing.
Capacity and execution
Project Completions and Deliveries
AchievedCompleted Lakshman Tower CHSL in Borivali (West) and received the Occupation Certificate (OC) during Q1-FY27.
New Project Additions
AchievedAdded 2 new redevelopment projects in Q1-FY27 (Shantikunj CHSL, Sion and Santosh Bungalow, Kandivali) adding 0.14 Mn sq. ft. of developable area.
Upcoming Launches Balance FY27
Planned5 project launches planned for the balance of FY27 representing 0.78 Mn sq. ft. of total developable area and INR 7,139.4 Mn GDV.
Tailwinds
Favorable Seasonal Demand in H2
ExpectedManagement notes that H2 historically exhibits stronger Mumbai real estate activity supported by festive-season demand, post-monsoon activity, and higher registrations.
Strong Micro-market Positioning
ActiveCompany holds prominent supply share in key Western Suburbs such as Malad (11%) and Santacruz (9%) between CY21 and Q1 CY26.
Risk radar
Rising Finance Costs
ElevatedFinance costs increased 32.5% YoY to INR 102 Mn in Q1-FY27 from INR 77 Mn in Q1-FY26 alongside growing borrowings.
Regulatory and Approval Dependencies
OngoingLaunch timelines for upcoming projects remain indicative and subject to the timely receipt of regulatory approvals from civic authorities.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare YOY
Real estate business models involve lumpiness in project handovers and seasonal construction cycles, making year-on-year comparisons of revenue, PAT, and operational metrics more meaningful than sequential quarters.
Sector KPIs management disclosed
Pre-sales
StablePre-sales for Q1 FY27 stood at INR 897 Mn compared to INR 1,095 Mn in Q1 FY26, with ~92% pre-sales achieved across ongoing project inventory.
Collections
PositiveCollections increased by 26% YoY to INR 938 Mn in Q1 FY27 from INR 743 Mn in Q1 FY26.
Average Realisation
PositiveAverage realization improved by 6.3% YoY to INR 39,521 per sq. ft. in Q1 FY27 from INR 37,187 per sq. ft. in Q1 FY26.
Project Pipeline
RobustTotal portfolio comprises 20 under-construction projects (1.66 Mn sq. ft. developable area) and 18 upcoming projects (2.01 Mn sq. ft. developable area) as of June 30, 2026.
Management forward view
Operational Momentum in H2
GuidanceManagement expects operational momentum to strengthen significantly in H2 backed by the scheduled 5 new project launches for the rest of FY27.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Pre-sales Trajectory | INR 897 Mn in Q1-FY27 | Execution and sales conversion of the 5 planned launches for the balance of FY27. |
| Collections vs Construction Progress | INR 938 Mn collections in Q1-FY27 | Sustained collection velocity matching construction milestones to support operating cash flows. |
| Borrowings and Debt Levels | Current borrowings of INR 2,534 Mn as of FY26 balance sheet | Impact of higher finance costs on net margins as project scale expands. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
Trust profile pending
Trust asks a simple question: can investors rely on management behaviour and financial delivery? Trust Lite uses promoter alignment, cash conversion, leverage, and result consistency. Full transcript-based claim matching appears after enough documents are ingested.
Continue researching Pranav Constructions Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Investor presentationSep 2026
Sep 2026 · Investor presentation · Pursuant to the relevant provisions of SEBI (LODR), Regulations 2015 we hereby enclose a copy of Investor/ Earnings Presentation for Q2/ FY 27 for your information
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 31 Oct - We are enclosing copies of newspaper advertisement relating to extract of unaudited financial results (standalone and consolidated) for the quarter and half year ended 30th …
Source: Bse
Investor presentationOct 2026
Oct 2026 · PPT
Source: Bse
Investor presentationOct 2026
Oct 2026 · PPT
Source: Bse
Investor presentationJun 2026
Jun 2026 · Investor presentation · Pranav Constructions Limited has informed the Exchange about Investors Presentation for Q1 / FY 27
Source: Nse
AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Monitoring Agency Report 30 Oct - Crisil monitoring report for Q2 FY27 found no deviation in Pranav Constructions' IPO fund utilization.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 2 Oct - Publication of Newspaper Advertisement - Quarterly Financial Results for period ended 30th June, 2026
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.