PSP Projects Limited
PSP Projects Limited, a construction company, provides construction and related services for industrial, institutional, commercial, residential, hospitality, hospital, and marquee government projects in India. It constructs industrial buildings for pharmaceutical plants, food processing units, engineering, manufacturing and processing facilities; and buildings for hospitals and healthcare service… Read more
PSP Projects Limited (PSPPROJECT) - Net Assets
Latest net assets as of September 2025: ₹12.25 Billion INR
Based on the latest financial reports, PSP Projects Limited (PSPPROJECT) has net assets worth ₹12.25 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹26.60 Billion) and total liabilities (₹14.35 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹12.25 Billion |
| % of Total Assets | 46.06% |
| Annual Growth Rate | 39.97% |
| 5-Year Change | 125.59% |
| 10-Year Change | 1780.57% |
| Growth Volatility | 44.19 |
PSP Projects Limited - Net Assets Trend (2012–2025)
This chart illustrates how PSP Projects Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for PSP Projects Limited (2012–2025)
The table below shows the annual net assets of PSP Projects Limited from 2012 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹12.09 Billion | +32.14% |
| 2024-03-31 | ₹9.15 Billion | +14.22% |
| 2023-03-31 | ₹8.01 Billion | +16.60% |
| 2022-03-31 | ₹6.87 Billion | +28.19% |
| 2021-03-31 | ₹5.36 Billion | +17.81% |
| 2020-03-31 | ₹4.55 Billion | +22.88% |
| 2019-03-31 | ₹3.70 Billion | +22.37% |
| 2018-03-31 | ₹3.02 Billion | +185.87% |
| 2017-03-31 | ₹1.06 Billion | +64.59% |
| 2016-03-31 | ₹642.86 Million | +37.01% |
| 2015-03-31 | ₹469.22 Million | +34.86% |
| 2014-03-31 | ₹347.93 Million | +30.83% |
| 2013-03-31 | ₹265.95 Million | +74.04% |
| 2012-03-31 | ₹152.81 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to PSP Projects Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 5425.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹8.00 Billion | 66.19% |
| Common Stock | ₹396.42 Million | 3.28% |
| Other Comprehensive Income | ₹11.69 Billion | 96.72% |
| Total Equity | ₹12.09 Billion | 100.00% |
PSP Projects Limited Competitors by Market Cap
The table below lists competitors of PSP Projects Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Firan Technology Group Corporation
OTCQX:FTGFF
|
$88.91 Million |
|
Lucky Cement Co
TW:1108
|
$88.91 Million |
|
Marine Electricals (India) Limited
NSE:MARINE
|
$88.97 Million |
|
Cubic Digital Technology Co Ltd
SHE:300344
|
$88.99 Million |
|
Bhansali Engineering Polymers Limited
NSE:BEPL
|
$88.83 Million |
|
Boen Group Co. Ltd. Cl A
SHE:001366
|
$88.79 Million |
|
Oroco Resource Corp
OTCQB:ORRCF
|
$88.78 Million |
|
Expert.ai S.p.A
OTCGREY:EXSPF
|
$88.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in PSP Projects Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 9,148,699,000 to 12,089,403,000, a change of 2,940,704,000 (32.1%).
- Net income of 564,180,000 contributed positively to equity growth.
- Share repurchases of 2,378,758,000 reduced equity.
- New share issuances of 2,378,758,000 increased equity.
- Other comprehensive income increased equity by 11,599,375,000.
- Other factors decreased equity by 9,222,851,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹564.18 Million | +4.67% |
| Share Repurchases | ₹2.38 Billion | -19.68% |
| Share Issuances | ₹2.38 Billion | +19.68% |
| Other Comprehensive Income | ₹11.60 Billion | +95.95% |
| Other Changes | ₹-9.22 Billion | -76.29% |
| Total Change | ₹- | 32.14% |
Book Value vs Market Value Analysis
This analysis compares PSP Projects Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.20x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 159.33x to 2.20x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-03-31 | ₹4.24 | ₹676.30 | x |
| 2013-03-31 | ₹7.39 | ₹676.30 | x |
| 2014-03-31 | ₹9.66 | ₹676.30 | x |
| 2015-03-31 | ₹13.03 | ₹676.30 | x |
| 2016-03-31 | ₹18.28 | ₹676.30 | x |
| 2017-03-31 | ₹30.15 | ₹676.30 | x |
| 2018-03-31 | ₹86.38 | ₹676.30 | x |
| 2019-03-31 | ₹102.59 | ₹676.30 | x |
| 2020-03-31 | ₹126.16 | ₹676.30 | x |
| 2021-03-31 | ₹148.86 | ₹676.30 | x |
| 2022-03-31 | ₹190.82 | ₹676.30 | x |
| 2023-03-31 | ₹222.50 | ₹676.30 | x |
| 2024-03-31 | ₹254.13 | ₹676.30 | x |
| 2025-03-31 | ₹306.85 | ₹676.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently PSP Projects Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.67%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.23%
- • Asset Turnover: 1.07x
- • Equity Multiplier: 1.95x
- Recent ROE (4.67%) is below the historical average (27.32%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 54.66% | 4.68% | 1.94x | 6.01x | ₹68.24 Million |
| 2013 | 46.06% | 4.76% | 2.55x | 3.80x | ₹95.91 Million |
| 2014 | 28.94% | 4.79% | 1.54x | 3.92x | ₹65.91 Million |
| 2015 | 29.95% | 5.01% | 1.50x | 3.97x | ₹93.62 Million |
| 2016 | 35.48% | 4.75% | 1.88x | 3.96x | ₹162.53 Million |
| 2017 | 39.16% | 9.02% | 1.37x | 3.17x | ₹306.84 Million |
| 2018 | 21.74% | 8.72% | 1.25x | 1.99x | ₹353.83 Million |
| 2019 | 24.22% | 8.51% | 1.43x | 1.99x | ₹525.01 Million |
| 2020 | 28.29% | 8.57% | 1.56x | 2.12x | ₹830.58 Million |
| 2021 | 15.21% | 6.57% | 1.25x | 1.85x | ₹279.37 Million |
| 2022 | 24.26% | 9.53% | 1.38x | 1.85x | ₹979.56 Million |
| 2023 | 16.47% | 6.81% | 1.10x | 2.20x | ₹518.42 Million |
| 2024 | 13.44% | 4.91% | 1.23x | 2.23x | ₹314.86 Million |
| 2025 | 4.67% | 2.23% | 1.07x | 1.95x | ₹-644.76 Million |
Industry Comparison
This section compares PSP Projects Limited's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $12,268,288,557
- Average return on equity (ROE) among peers: 4.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PSP Projects Limited (PSPPROJECT) | ₹12.25 Billion | 54.66% | 1.17x | $88.89 Million |
| A2Z Infra Engineering Limited (A2ZINFRA) | $11.77 Billion | 6.75% | 0.79x | $18.39 Million |
| ABINFRA (ABINFRA) | $815.46 Million | 14.00% | 0.92x | $1.98K |
| AFCONS INFRASTRUCTURE LTD (AFCONS) | $52.62 Billion | 9.25% | 2.25x | $518.63 Million |
| Ahluwalia Contracts (India) Limited (AHLUCONT) | $17.98 Billion | 11.24% | 1.06x | $202.86 Million |
| Akash Infra-Projects Limited (AKASH) | $823.15 Million | 2.82% | 0.82x | $1.17 Million |
| Ashoka Buildcon Limited (ASHOKA) | $24.25 Billion | 20.75% | 6.89x | $166.24 Million |
| Atal Realtech Limited (ATALREAL) | $377.12 Million | 5.69% | 0.53x | $2.54K |
| AXISCADES Technologies Limited (AXISCADES) | $3.44 Billion | -1.52% | 1.63x | $262.35 Million |
| BGR Energy Systems Limited (BGRENERGY) | $5.37 Billion | -34.09% | 8.98x | $119.54 Million |
| B. L. Kashyap and Sons Limited (BLKASHYAP) | $5.24 Billion | 5.25% | 1.89x | $42.74 Million |