PSP Projects, incorporated in the year 2008, is a Small Cap company (having a market cap of Rs 2527.56 Crore) operating in Construction sector.
PSP Projects key Products/Revenue Segments include Contract Revenue and Other Operating Revenue for the year ending 31-Mar-2021.
Financials
The company’s top management includes Mr.Prahaladbhai S Patel, Ms.Pooja P Patel, Mr.Sagar P Patel, Mr.Achala Monal Patel, Mr.Vasishtha P Patel, Mr.Sandeep H Shah. Company has Riddhi P Sheth & Co. as its auditors. As on 31-12-2022, the company has a total of 4 Crore shares outstanding.
Investment Rationale
Considering strong order book position, healthy bidding pipeline, new order inflows, emerging opportunities in the construction space, and the company’s efficient and timely execution, the brokerage expects the company to report Revenue/EBITDA/APAT CAGR of 20%/15%/16% respectively over FY22-FY25E. Stock is currently trading at 11x and 9x FY24E/FY25E EPS which is attractive.
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