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HomeSTOCKSCompany Got 630 Crore Huge Order From Gujarat; Share Target ₹818 And...

Company Got 630 Crore Huge Order From Gujarat; Share Target ₹818 And ₹865

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PSP Projects Ltd (NSE: PSPPROJECT) Share Price: PSP Projects share is in the spotlight during trading on the last trading day.

The shares of the company increased 2.63 percent to 735 rupees. There’s a massive order; that is the main reason behind this rise in shares. 

The company received an offer of 630.90 crore from Gujarat. The company has provided details to its stock exchange. 

The company has stated it has been awarded the construction contract amounting to about Rs 630.90 crore in Gujarat.

What Are The Specifics?

In the report to the stock market, the construction firm announced that a contract to construct Gati Shakti University in Vadodara was granted by the company Rail Vikas Nigam Limited. 

The construction work is scheduled to be completed in two and one-half years.

The company claims that in addition to this figure, the total amount of contracts that have been received from the company to date in the current fiscal year 2023-24 is 2,626.61 crore. 

PSP Projects Limited is a construction firm that offers a wide assortment of construction and related services.

The Condition Of Share

Share of this company has consistently dropped over the last couple of days. The stock has dropped 6.75 percent over the last five days. 

It has slid by 0.96 percent over a month, and 4 percent in the first quarter of this year. In the same way, it has slowed down by 9 percent over the last six months. 

Over a year the stock has risen by up to Rs 8 and provided an average yield of 90 percent over five years. 

The 52-week high price for the company is 846, and its 52-week lowest price is 652.15. The market value that the business has is 2635.92 crore. Experts has set a Share Target of ₹818 And ₹865 for future.

About PSP Projects Ltd

PSP Projects Limited is an India-based construction company that is multidisciplinary. The company was established on the 26th of August, 2008. 

The company provides services for institutional, government, industrial, and residential projects. 

The services range from design and planning to post-construction and construction tasks such as electrical, mechanical as well as plumbing (MEP) work as well as construction value chain and other interior fitting-outs. 

Industrial projects involve the building of buildings to house, food processing facilities, factories and facilities for processing, as well as engineering and pharmaceutical units. 

The institutional projects involve the construction of structures for hospitals, health facilities, malls, hotels, as well as corporate office buildings. 

The residential projects involve building private residential homes for townships in groups as well as independent residences. 

Fundamental Analysis of PSP Projects Ltd

Market Cap₹ 2,635 Cr.
Current Price₹ 735
52-wk High₹ 846
52-wk Low₹ 652
Stock P/E17.24
Book Value₹ 241
Dividend0.34 %
ROCE24.8 %
ROE18.1 %
Face Value₹ 10.0
P/B Value3.04
OPM11.3 %
EPS₹ 43.0
Debt₹ 400 Cr.
Debt to Equity0.46

PSP Projects Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹818₹865
2025₹870₹900
2026₹921₹934
2027₹950₹970
2028₹1000₹1124
2029₹1324₹1500
2030₹1543₹1876
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PSP Projects Ltd Shareholding Pattern

Promoters Holding
Dec 202267.54%
Mar 202367.59%
June 202366.22%
Sept 202366.22%
Dec 202366.22%
FII Holding
Dec 20222.27%
Mar 20232.47%
June 20234.20%
Sept 20234.23%
Dec 20233.30%
DII Holding
Dec 20224.15%
Mar 20234.51%
June 20235.33%
Sept 20235.35%
Dec 20235.01%
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Public Holding
Dec 202226.03%
Mar 202325.43%
June 202324.26%
Sept 202324.20%
Dec 202325.48%

PSP Projects Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 1,044 Cr
2020₹ 1,499 Cr
2021₹ 1,241 Cr
2022₹ 1,749 Cr
2023₹ 2,541 Cr

Last 5 Years’ Net Profit:

2019₹ 90 Cr
2020₹ 129 Cr
2021₹ 81 Cr
2022₹ 162 Cr
2023₹ 155 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20190.08
20200.17
20210.14
20220.15
20230.18

Last 10 Years’ Profit Growth:

10 Years:27%
5 Years:16%
3 Years:1%
Current Year:10%

Last 10 years’ Return on Equity (ROE):

10 Years:25%
5 Years:23%
3 Years:20%
Last Year:18%

Sales Growth Over 10 Years:

10 Years:22%
5 Years:21%
3 Years:9%
Current Year:45%

Conclusion

This article is a complete guide about PSP Projects Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.

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