Parsvnath Developers Ltd
Realty | Small Cap
Parsvnath Developers Ltd, operating in the real estate sector, demonstrates a mixed financial performance. While the company shows some strengths in managing its debt and assets, it struggles with liquidity, efficiency, growth, coverage, and profitability. The company's ability to meet its short-term obligations is questionable, and it faces challenges in utilizing its assets effectively to generate revenue. Furthermore, the company's growth rates are negative, indicating a decline in revenue, profit, and asset expansion. The company's ability to cover its interest expenses and provide dividends is also weak, reflecting a lack of financial stability. Overall, Parsvnath Developers Ltd faces significant financial challenges that need to be addressed to improve its long-term sustainability and performance. However, it has good Debt to Equity Ratio, Equity Ratio, Debt to Asset Ratio and Capital Expenditures. So, the company really needs to focus on other ratios to improve the overall score.
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- Valuation MetricsHighly Undervalued
- Market Metrics
- Stock Reports
- Stock News
- Growth Ratio2.00
- Financial Ratio3.60
- Profitability Ratio2.00
- Efficiency Ratio2.00
- Coverage Ratio2.00
- Solvency Ratio6.00
- Liquidity Ratio2.40
- Peer Assessment
- Management AssessmentWeak
- Risk AssessmentWeak
- 1 HourNeutral
- 2 HoursNeutral
- 4 HoursNeutral
- 1 DayNeutral
- 1 WeekNeutral
- 1 MonthNeutral
Parsvnath Developers Ltd, operating in the real estate sector, demonstrates a mixed financial performance. While the company shows some strengths in managing its debt and assets, it struggles with liquidity, efficiency, growth, coverage, and profitability. The company's ability to meet its short-term obligations is questionable, and it faces challenges in utilizing its assets effectively to generate revenue. Furthermore, the company's growth rates are negative, indicating a decline in revenue, profit, and asset expansion. The company's ability to cover its interest expenses and provide dividends is also weak, reflecting a lack of financial stability. Overall, Parsvnath Developers Ltd faces significant financial challenges that need to be addressed to improve its long-term sustainability and performance. However, it has good Debt to Equity Ratio, Equity Ratio, Debt to Asset Ratio and Capital Expenditures. So, the company really needs to focus on other ratios to improve the overall score.
Overall Valuation Score
P/E RATIO (TTM)
-4.27
Industry Median
17.79
Small Cap Median
17.79
P/E RATIO
-1.09
P/B RATIO
-0.18
Industry Median
1.93
Small Cap Median
1.93
P/S RATIO
1.48
Industry Median
2.51
Small Cap Median
2.51
Others
PEG RATIO
0.14
EV/EBITDA RATIO
15.56
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹8.62 as on Apr 20, 2026.
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The company's growth ratios are negative, indicating a decline in revenue, profit, and asset expansion. The revenue growth rate, operating profit growth rate, earnings per share (EPS) growth, asset growth rate, and net income growth rate all suggest that the company is facing significant challenges in growing its business. This may be due to weakening market conditions, increased competition, or ineffective growth strategies.
| Growth Ratios | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Revenue Growth Rate | -69.97 | 151.26 | -51.17 | 5.02 | -44.78 |
| Operating Profit Growth Rate | -128.57 | 243.75 | 94.55 | -26.17 | -84.81 |
| Earnings Per Share (EPS) Growth | 23.37 | 15.17 | 62.78 | -25.86 | -41.83 |
| Asset Growth Rate | -2.84 | -11.88 | -7.83 | -6.81 | -9.21 |
| Net Income Growth Rate | 17.91 | 15.42 | 62.15 | -25.84 | -41.58 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
The company's financial ratios present a mixed picture. Adjusted and cash earnings per share are negative, which is concerning. Book value per share is also negative, reflecting liabilities exceeding assets. However, the company has no dividend per share, and capital expenditures are zero, which could be viewed positively if the company is focusing on operational efficiency.
| Financial Ratios | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Adjusted Earnings Per Share (Adjusted EPS) | -9.82 | -11.33 | -18.37 | -13.62 | -7.96 |
| Cash Earnings Per Share (Cash EPS) | -8.97 | -9.98 | -16.86 | -12.32 | -6.77 |
| Book Value Per Share | 4.15 | -6.95 | -25.28 | -38.9 | -46.81 |
| Dividend Per Share (DPS) | 0 | 0 | 0 | 0 | 0 |
| Capital Expenditures (CapEx) | 41 | 29 | 50 | 59 | 0 |
Adjusted Earnings Per Share (Adjusted EPS)
Cash Earnings Per Share (Cash EPS)
Book Value Per Share
Dividend Per Share (DPS)
Capital Expenditures (CapEx)
The company's profitability ratios are generally low, indicating poor financial performance. The gross profit margin, return on capital employed (ROCE), return on equity (ROE), return on assets (ROA), operating margin, and net margin all suggest that the company is struggling to generate profits from its operations. This may be due to high costs, low sales prices, or ineffective cost management strategies.
| Profitability Ratios | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Gross Profit Margin | -14.85 | -12.71 | -39.5 | -29.57 | -25.2 |
| Return on Capital Employed (ROCE) | 0.3 | -1.68 | -5.47 | -1.2 | 3.12 |
| Return on Equity (ROE) | -236.46 | N/A | N/A | N/A | N/A |
| Return on Assets (ROA) | -0.2 | -0.79 | -1.68 | -1.33 | -0.22 |
| Operating Margin | -4.48 | -6.13 | -24.43 | -17.17 | -4.72 |
| Net Margin | -119.89 | -55.07 | -182.88 | -129.13 | -136.61 |
Gross Profit Margin
Return on Capital Employed (ROCE)
Return on Equity (ROE)
Return on Assets (ROA)
Operating Margin
Net Margin
The company's efficiency ratios are generally low, indicating poor asset utilization. The fixed asset turnover ratio, inventory turnover ratio, receivables turnover ratio, days sales in inventory ratio, receivable days, and capital turnover ratio all suggest that the company is not effectively using its assets to generate revenue. This may be due to obsolete assets, slow-moving inventory, or inefficient credit collection practices.
| Efficiency Ratios | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Fixed Asset Turnover Ratio | 0.4 | 0.98 | 0.43 | 0.51 | 0.15 |
| Inventory Turnover Ratio | 0.09 | 0.25 | 0.17 | 0.19 | 0.11 |
| Receivables Turnover Ratio | 1.17 | 2.9 | 1.6 | 1.99 | 1.31 |
| Days Sales in Inventory Ratio | 4055.56 | 1460 | 2147.06 | 1921.05 | 3318.18 |
| Receivable Days | 311.97 | 125.86 | 228.12 | 183.42 | 278.63 |
| Capital Turnover Ratio | 0.06 | 0.16 | 0.09 | 0.13 | 0.07 |
Fixed Asset Turnover Ratio
Inventory Turnover Ratio
Receivables Turnover Ratio
Days Sales in Inventory Ratio
Receivable Days
Capital Turnover Ratio
The company's coverage ratios are weak, indicating a limited ability to cover its interest expenses and provide dividends. The interest coverage ratio and equity dividend coverage ratio both suggest that the company is struggling to meet its financial obligations. This may be due to low profitability, high debt levels, or insufficient cash flow.
| Coverage Ratios | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|
| Interest Coverage Ratio | 0.22 | 0.04 | -0.24 | -0.66 | -0.09 | 0.24 |
| Equity Dividend Coverage Ratio | N/A | N/A | N/A | N/A | N/A | N/A |
Interest Coverage Ratio
Equity Dividend Coverage Ratio
The company's solvency is a mix of strengths and weaknesses. While the debt ratio and equity ratio indicate high leverage and negative equity, the debt-to-equity ratio and debt-to-asset ratio suggest effective management of debt relative to equity and assets. The company's ability to meet its long-term obligations may be uncertain due to the high debt levels.
| Solvency Ratios | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Debt Ratio | 0.93 | 1.14 | 1.84 | 5.94 | 27.51 |
| Debt to Equity Ratio | 13.29 | -8.14 | -2.19 | -1.2 | -1.04 |
| Equity Ratio | 0.07 | -0.14 | -0.84 | -4.94 | -26.51 |
| Debt To Asset Ratio | 0.3 | 0.35 | 0.38 | 0.34 | 0.39 |
Debt Ratio
Debt to Equity Ratio
Equity Ratio
Debt To Asset Ratio
The company's liquidity position is weak. The current, quick, and cash ratios indicate a limited ability to meet short-term obligations. However, the operating cash flow ratio shows slightly better performance, suggesting some capacity to generate cash from operations. The company may face challenges in managing its working capital and ensuring sufficient funds for day-to-day operations.
| Liquidity Ratios | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Current Ratio | 1.07 | 0.99 | 0.84 | 0.69 | 0.69 |
| Quick Ratio | 0.25 | 0.23 | 0.18 | 0.14 | 0.15 |
| Cash Ratio | 0.02 | 0.02 | 0.02 | 0.02 | 0.01 |
| Operating Cash Flow Ratio | 0.05 | 0.11 | 0.07 | 0.05 | 0 |
Current Ratio
Quick Ratio
Cash Ratio
Operating Cash Flow Ratio
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | Geecee Ventures Ltd | 7.43 | 17.58 | Neutral | 52.00 | 19.93 | 42.00 |
| 2 | Eldeco Housing & Industries Ltd | 7.34 | 32.16 | Neutral | 31.00 | 31.63 | 24.00 |
| 3 | Shradha Infraprojects Ltd | 7.21 | 10.54 | Highly Undervalued | 26.00 | 2.55 | 30.00 |
| 4 | Nila Infrastructures Ltd | 6.89 | 13.53 | Undervalued | 32.00 | 0.69 | 23.00 |
| 5 | Sumit Woods Ltd | 6.05 | 23.15 | Neutral | 16.47 | 1.98 | 6.00 |
| 6 | Nila Spaces Ltd | 6.00 | 38.03 | Highly Overvalued | 57.00 | 0.68 | 29.00 |
| 7 | Pansari Developers Ltd | 5.85 | 26.43 | Neutral | 15.00 | 11.24 | 20.00 |
| 8 | Suratwwala Business Group Ltd | 5.74 | 11.90 | Neutral | 53.00 | 1.76 | 38.00 |
| 9 | BEML Land Assets Ltd | 5.59 | N/A | Neutral | -2.06 | 0.00 | 0.01 |
| 10 | Atal Realtech Ltd | 5.31 | 57.96 | Highly Overvalued | 11.00 | 0.52 | 6.00 |
| 11 | Generic Engineering Construction & Projects Ltd | 5.29 | 18.65 | Neutral | 36.00 | 2.13 | 12.00 |
| 12 | Ravinder Heights Ltd | 4.93 | -104.37 | Highly Undervalued | 62.00 | -0.10 | 49.00 |
| 13 | Prozone Realty Ltd | 4.55 | -20.67 | Neutral | 77.00 | 0.47 | 18.00 |
| 14 | Emami Realty Ltd | 4.05 | -2.73 | Neutral | -85.00 | -28.55 | -126.00 |
| 15 | Parsvnath Developers Ltd | 3.10 | -1.09 | Highly Undervalued | -94.00 | -9.29 | -568.00 |
The management effectiveness of Parsvnath Developers Ltd. is weak. The company exhibits inconsistent revenue, negative profit margins, and negative returns on capital. High debt levels, coupled with an inability to generate profits, raise concerns about financial stability. While promoter holding remains significant, the overall financial performance and efficiency metrics suggest that the management faces significant challenges in steering the company towards sustainable profitability and growth.
| Category | Metric | Value | Assessment |
|---|---|---|---|
| PROS | Promoter Holding | 50.09% | Indicates confidence and alignment with shareholders |
| CONS | Sales Growth | -2% (10Y) | Revenue contraction over the long term |
| Profit Growth | -28% (5Y) | Profitability is declining significantly | |
| ROCE | -5% | Capital is not being used productively | |
| ROE | -117.33% | Shareholder funds yielding extremely poor returns |
Financial Performance & Growth
Parsvnath Developers demonstrates poor financial performance and a lack of sustained growth. The compounded sales growth has been negative over the past 10 years, indicating a significant contraction in revenue. The company also has negative compounded profit growth over 5 and 3 years. Furthermore, the operating profit margin (OPM) has been consistently negative, indicating operational inefficiencies.
| Metric | 2014–2016 | 2017–2019 | 2020–2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Sales Growth (%) | -13.78% | 81.45% | -10.96% | -51.15% | 5.02% |
| OPM (%) | 34.33% | -12.33% | -5.33% | -25% | -17% |
Capital Efficiency & Returns
The company exhibits poor capital efficiency and negative returns. The Return on Capital Employed (ROCE) is negative, indicating that the company is not generating profits from its capital investments. Similarly, the Return on Equity (ROE) is significantly negative, showing that shareholder funds are not yielding positive returns. These metrics point to considerable challenges in effectively utilizing capital to generate profits.
| Metric | 2013–2015 | 2016–2018 | 2019–2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| ROCE (%) | 5% | 1% | 1% | -3% | -5% | -5% |
| ROE (%) | -21.67% | -33.33% | -56.67% | -11.31% | -18.41% | -13.65% |
Financial Health & Prudence
Parsvnath Developers demonstrates weak financial health and a lack of prudence in managing its financial obligations. The company carries a substantial amount of debt, as evidenced by the borrowings. The interest coverage ratio is negative, indicating that the company's operating profit is insufficient to cover its interest expenses. The company has also not been paying dividends, which could be a reflection of its financial struggles.
| Metric | 2013–2015 | 2016–2018 | 2019–2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Borrowings (₹ Cr.) | 2724 | 3812 | 3625 | 3537 | 3427 | 3240 |
| Interest (₹ Cr.) | 166 | 281 | 449 | 395 | 393 | 464 |
Shareholding & Ownership Structure
The Shareholding & Ownership Structure is showing promoter holding is significant, which can be a positive sign of confidence in the company's future. However, there has been a decrease in promoter holding from 66.30% to 50.09% between Dec 2024 and Mar 2025. Institutional holding (FII/DII) is relatively low, indicating limited interest from institutional investors.
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter Holding (%) | 68.56% | 66.26% | 66.30% | 66.30% | 66.30% | 66.30% | 66.30% | 66.30% | 66.30% | 66.07% | 50.09% | 50.09% |
| FIIs Holding (%) | 0.36% | 0.16% | 0.16% | 0.16% | 0.16% | 0.17% | 0.16% | 0.16% | 0.17% | 0.18% | 4.21% | 4.51% |
| DIIs Holding (%) | 0.08% | 0.09% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.01% | 0.22% | 0.27% |
The risk assessment for Parsvnath Developers Ltd. is red, reflecting a high level of concern. The company's negative profitability, high debt, and inefficient capital utilization create significant financial risks. The inconsistent sales growth and negative operating margins indicate operational instability. Reduced promoter holding also raises concerns about long-term commitment. These factors collectively suggest a high-risk profile that requires careful consideration.
Accounting quality red flags
While there are no explicit accounting quality red flags in the provided data, some inconsistencies and fluctuations in financial reporting warrant attention. For instance, there are variations in other income and exceptional items that could potentially distort the true financial performance of the company. Close monitoring of these items is advisable to ensure accurate financial reporting.
Segment performance volatility
The quarterly results show considerable volatility in sales and profitability. The YOY Sales Growth % fluctuates significantly, indicating instability in revenue generation. The OPM % also varies widely, reflecting inconsistent operational performance. This variability makes it difficult to predict future financial performance and increases the risk associated with the company.
| Metric | Dec 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| YOY Sales Growth % | 400% | 118% | 64% | 7% | -78% | -47% | 1% | 167% | 223% | -69% | 63% | -59% | -72% |
| OPM % | 21% | -23% | -28% | 21% | -9% | -34% | -60% | 4% | 25% | -118% | 14% | -22% | 12% |
Foreign exchange or interest rate exposure
The company's financial statements include interest expenses, indicating exposure to interest rate risk. Fluctuations in interest rates could impact the company's profitability. While the data does not explicitly quantify foreign exchange exposure, it is important to assess whether the company has significant foreign currency transactions or assets that could be affected by exchange rate movements.
| Metric | 2013–2015 | 2016–2018 | 2019–2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|
| Interest (₹ Cr.) | 166 | 281 | 449 | 395 | 393 | 464 |
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Strong Bearish
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Strong Bearish
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Strong Bearish
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Strong Bearish
Bearish
Neutral
Bullish
Strong Bullish
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Market Sentiment
Analysis Driven By 1 Technical Indicators From The 1 Month Timeframe