Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 23 Sep
Source: Bse
PSP Projects Limited (PSPPROJECT)
Small CapReal Estate stocks · Small cap · NSE
PSP Projects Limited operates in Real Estate Development, within the Real Estate sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 10:31 am ISTDetails
Quote21 Oct, 10:31 am IST
Base fundamentals06 Oct 2026 · screener
Latest result30 Jul, 07:29 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Real Estate P/E 22.2 (n=72)
Technical timing lens
Trend score and candlestick chart
42NeutralSMA20 -10.1% / mo · MACD + · sector -4.7pp vs Nifty 500 (3M)
Stock trend: 39
Sector RS: 48
Sector 3M: -9.8% vs Nifty 500 -5.0%
Real Estate FPI tailwindBuilding
Latest FPI flow is positive, but a second consecutive positive fortnight is still required. View sector evidence
Technical chart
PSPPROJECTD candles · FIT view+3.1%TODAY · PROVISIONALLatest price ₹780.10 on 2026-10-21
Today's candle is provisional from the latest intraday quote; completed-candle scans remain unchanged.
Bar
-0.2%
RSI
43
MACD hist
7.16
52W pos
37%
2026-10-21O ₹781.40H ₹781.40L ₹766.00C ₹780.10Vol 19,444 shIntraday candle
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
PSPPROJECTNifty RealtyNifty 500
- PSPPROJECT
- -26.7%
- Nifty 500
- -5.6%
- Nifty Realty
- -11.0%
- Vs Nifty 500
- -21.1 pp
Chart stats
19 Oct 2026- From 52W high
- -31.2%
- 52W range position
- 38%
- ATR (14)
- 3.8%
- Volume vs 20D
- 2.14x
- Avg traded value
- ₹4.9 Cr
- 20D price channel
- ₹731.1 - ₹855.6
₹1,143
₹569.2 - ₹1,143
₹29.5
Latest completed session
20-session average
29.7% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · OVERVALUED21
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average45
Revenue +64.7% · PAT NDF YoY
Technical
Neutral42
Price trend and sector-relative-strength timing.
Valuation
Legacy model-829.4%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence60
Financial-only signal; management claim evidence is not sufficient 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 Jun 2026
Average · 45/100Rev +65% YoY · margin expansion
Filed 30 Jul 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹853 Cr | +64.7% | -23.5% |
| EBITDA | ₹55 Cr | +120.0% | -8.3% |
| Operating margin | 6.0% | +120 bps | +100 bps |
| PAT | ₹18 Cr | NDF | -14.3% |
| PAT margin | 2.1% | +211 bps | +23 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 41.30
- P/B
- 2.40
- EV/EBITDA
- 10.77
- Market Cap
- 3031.00Cr
Profitability
- ROE
- 4.55%
- ROCE
- 7.88%
- ROA
- 2.36%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 20.00%
- EPS 5Y
- -7.00%
- Revenue 3Y
- 18.00%
- EPS 3Y
- -25.00%
Balance Sheet
- Debt/Equity
- 0.26
- Interest Coverage
- 5.21×
- Altman Z
- 3.06
- Book Value
- 319.00
Cash Flow
- FCF Yield
- 5.64%
- FCF Positive Y
- 3/5
- OCF
- 323.00 Cr
- EPS TTM
- 18.53
Shareholding
- Promoter Hold
- 8.00%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 34%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 853-23.5% vs prev
Net Profit
₹ CrLatest: 18.0-14.3% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
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
Mixed signalsSignals are conflicting — long-term trend down. RSI 43. Wait for confirmation.
- Price below SMA200 (long-term downtrend) — short-term bounces likely countertrend.
- SMA20 falling (~10.9% over last month) — short-term momentum negative.
- RSI(14) at 43 — rising, no extreme reading.
- MACD above signal, histogram expanding — bullish momentum building.
- 32% off 52W high · 37% 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
50
RS percentile
Stage 3 Topping
1M return
-3.0%
3M return
-26.7%
6M return
+5.9%
1Y return
-9.9%
RS 1D
+7
RS 20D
-12
Sector rank
#18
Industry rank
#71
Stage evidence
- 28.5% below the 52-week closing high after prior strength.
- The 30-week proxy has stalled (+1.2% over 20 sessions).
- Price has not yet confirmed a full Stage 4 downtrend.
50-DMA
price below
200-DMA
price below
Sector
lagging
Industry
lagging
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 106.84+2.05%
RS vs Nifty 500107
Valuation & peers
U-Score 21 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
Valuation & peers
U-Score 21 · legacy U-Score band OVERVALUED · valuation evidence and comparable companies
OVERVALUED
Fundamental score breakdown
U band · OVERVALUEDValuation1/30
Growth6/25
Quality0/20
Balance Sheet5/15
Cash Flow6/10
Piotroski
6/9 (+3)
Penalties
0
Raw sum
21
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
21/100 · legacy band OVERVALUED
Positive drivers
- FCF yield is supportive at 5.6%.
- Cash flow contributes 6/10 to the score.
- Balance sheet contributes 5/15 to the score.
Main drags
- Fair-value margin of safety is negative at -829.4%.
- Quality is weaker at 0/20; verify the latest quarterly trend.
- Valuation is weaker at 1/30; verify the latest quarterly trend.
Sector valuation model
Real estate valuation: NAV, pre-sales, debt, and inventory quality
Real estate valuation depends more on project economics and balance sheet than simple PE.
Primary lens
NAV and market cap versus project pipeline and pre-sales.
Secondary checks
Inventory age, net debt, collections, execution record.
Main risk check
Book value can overstate value if inventory is slow or debt is high.
PE
41.3
PB
2.4
EV/EBITDA
10.8
ROE
4.5%
ROCE
7.9%
FCF Yield
5.6%
Debt/Equity
0.3
MoS
-829.4%
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: 21 Oct 2026
v4.3-runtime-valuation
Final score
21
Previous: 21
Legacy U-Score band
OVERVALUED
Previous: OVERVALUED
Margin of safety
-829.4%
Previous: -836.6%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
21
21
21
21
21
21
21
21
21
21
21
21
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
₹364.69
-113.9% MoS
Growth-justified P/E
4.5
Growth-justified Value
₹83.94
-829.4% MoS
PEG
—
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
SIMPLEXINF
Small
Simplex Infrastructures Limited
Real Estate
match 176
18
43.7
5.1%
-49%
OVERVALUED
MARATHON
Small
Marathon Nextgen Realty Limited
Real Estate
match 175
64
13.2
4.7%
+60%
UNDERVALUED
AJMERA
Small
Ajmera Realty & Infra India Limited
Real Estate
match 174
59
14.9
11.5%
+51%
FAIR VALUE
ASHIANA
Small
Ashiana Housing Limited
Real Estate
match 174
55
32.8
13.8%
+7%
FAIR VALUE
RAMKY
Small
Ramky Infrastructure Limited
Real Estate
match 173
66
10.4
11.1%
+77%
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
Issuer presentation review pending
PSP Projects Limited operates in Real Estate Development, within the Real Estate sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
60Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 28th percentile of the scored universe and 43rd percentile within Real Estate. Main check: financial discipline is weak at 18/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
163 docs text-extracted · 83 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
28th percentile
overall median 67 · Real Estate: 43rd pctile, median 61 · Small: 32nd pctile, median 66
Evidence depth
Financial-only
163 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
48
watch · holding, pledge, alignment
Cash flow
65
acceptable · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
18
weak · capital discipline
Results
88
strong · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 4.9%.
- ▸4/4 latest quarters had positive YoY revenue growth.
- ▸3/4 latest quarters had positive YoY PAT growth.
Trust risks
- ▸Promoter holding fell 17%.
- ▸Promoter holding is only 8%.
- ▸ROCE is low at 7.9%.
- ▸ROE is low at 4.6%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching PSP Projects Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 22 Sep
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 9 Jul
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 29 May - Newspaper Publication pertaining to Notice of the 18th Annual General Meeting and information of remote e-voting.
Source: Bse
Announcement
Business Responsibility and Sustainability Reporting (BRSR) 28 May - PSP Projects issued its FY2025-26 BRSR with ESG metrics, policies, trainings, and compliance details.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 26 May - Newspaper publication pertaining to information regarding 18th Annual General Meeting of the Company
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 18 May
Source: Bse
Announcement
Compliances-Reg.24(A)-Annual Secretarial Compliance 16 May - Annual secretarial compliance report for FY2025-26 notes prior Regulation 44(3) XBRL filing lapse.
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.