PSP Projects Limited (PSPPROJECT) - Net Assets
Based on the latest financial reports, PSP Projects Limited (PSPPROJECT) has net assets worth Rs12.64 Billion INR (≈ $136.69 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs30.89 Billion ≈ $334.05 Million USD) and total liabilities (Rs18.25 Billion ≈ $197.36 Million USD). 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. Also explore PSP Projects Limited (PSPPROJECT) total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs12.64 Billion |
| % of Total Assets | 40.92% |
| Annual Growth Rate | 37.08% |
| 5-Year Change | 83.99% |
| 10-Year Change | 1094.53% |
| Growth Volatility | 43.82 |
PSP Projects Limited - Net Assets Trend (2012–2026)
This chart illustrates how PSP Projects Limited's net assets have evolved over time, based on quarterly financial data. Check how tangible is PSP Projects Limited's equity to evaluate the tangible quality of the company's equity base.
Annual Net Assets for PSP Projects Limited (2012–2026)
The table below shows the annual net assets of PSP Projects Limited from 2012 to 2026. For live valuation and market cap data, see PSP Projects Limited stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs12.64 Billion ≈ $136.69 Million |
+4.55% |
| 2025-03-31 | Rs12.09 Billion ≈ $130.74 Million |
+32.14% |
| 2024-03-31 | Rs9.15 Billion ≈ $98.94 Million |
+14.22% |
| 2023-03-31 | Rs8.01 Billion ≈ $86.62 Million |
+16.60% |
| 2022-03-31 | Rs6.87 Billion ≈ $74.29 Million |
+28.19% |
| 2021-03-31 | Rs5.36 Billion ≈ $57.96 Million |
+17.81% |
| 2020-03-31 | Rs4.55 Billion ≈ $49.19 Million |
+22.88% |
| 2019-03-31 | Rs3.70 Billion ≈ $40.03 Million |
+22.37% |
| 2018-03-31 | Rs3.02 Billion ≈ $32.71 Million |
+185.87% |
| 2017-03-31 | Rs1.06 Billion ≈ $11.44 Million |
+64.59% |
| 2016-03-31 | Rs642.86 Million ≈ $6.95 Million |
+37.01% |
| 2015-03-31 | Rs469.22 Million ≈ $5.07 Million |
+34.86% |
| 2014-03-31 | Rs347.93 Million ≈ $3.76 Million |
+30.83% |
| 2013-03-31 | Rs265.95 Million ≈ $2.88 Million |
+74.04% |
| 2012-03-31 | Rs152.81 Million ≈ $1.65 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 5741.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs8.46 Billion | 66.92% |
| Common Stock | Rs396.42 Million | 3.14% |
| Other Comprehensive Income | Rs93.61 Million | 0.74% |
| Other Components | Rs3.69 Billion | 29.20% |
| Total Equity | Rs12.64 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 |
|---|---|
|
WinMate Communication INC
TW:3416
|
$419.39 Million |
|
Seobu T&D Co. Ltd
KQ:006730
|
$419.39 Million |
|
Johnson Controls - Hitachi Air Conditioning India Limited
NSE:JCHAC
|
$419.42 Million |
|
Equinox India Developments Ltd
NSE:IBREALEST
|
$419.42 Million |
|
Malteries Franco-Belges Société Anonyme
PA:MALT
|
$419.11 Million |
|
Biglari Holdings Inc
NYSE:BH-A
|
$419.09 Million |
|
African Gold Ltd
AU:A1G
|
$419.02 Million |
|
Murapol S.A.
WAR:MUR
|
$418.83 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 2025 to 2026, total equity changed from 12,089,403,000 to 12,639,519,000, a change of 550,116,000 (4.6%).
- Net income of 555,158,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 11,599,375,000.
- Other factors increased equity by 11,594,333,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs555.16 Million | +4.39% |
| Other Comprehensive Income | Rs-11.60 Billion | -91.77% |
| Other Changes | Rs11.59 Billion | +91.73% |
| Total Change | Rs- | 4.55% |
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: 8.17x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 230.40x to 8.17x 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 | Rs4.24 | Rs978.00 | x |
| 2013-03-31 | Rs7.39 | Rs978.00 | x |
| 2014-03-31 | Rs9.66 | Rs978.00 | x |
| 2015-03-31 | Rs13.03 | Rs978.00 | x |
| 2016-03-31 | Rs18.28 | Rs978.00 | x |
| 2017-03-31 | Rs30.15 | Rs978.00 | x |
| 2018-03-31 | Rs86.38 | Rs978.00 | x |
| 2019-03-31 | Rs102.59 | Rs978.00 | x |
| 2020-03-31 | Rs126.16 | Rs978.00 | x |
| 2021-03-31 | Rs148.86 | Rs978.00 | x |
| 2022-03-31 | Rs190.82 | Rs978.00 | x |
| 2023-03-31 | Rs222.50 | Rs978.00 | x |
| 2024-03-31 | Rs254.13 | Rs978.00 | x |
| 2025-03-31 | Rs306.85 | Rs978.00 | x |
| 2026-03-31 | Rs119.76 | Rs978.00 | 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): 4.39%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.76%
- • Asset Turnover: 1.02x
- • Equity Multiplier: 2.44x
- Recent ROE (4.39%) is below the historical average (25.80%), 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 | Rs68.24 Million |
| 2013 | 46.06% | 4.76% | 2.55x | 3.80x | Rs95.91 Million |
| 2014 | 28.94% | 4.79% | 1.54x | 3.92x | Rs65.91 Million |
| 2015 | 29.95% | 5.01% | 1.50x | 3.97x | Rs93.62 Million |
| 2016 | 35.48% | 4.75% | 1.88x | 3.96x | Rs162.53 Million |
| 2017 | 39.16% | 9.02% | 1.37x | 3.17x | Rs306.84 Million |
| 2018 | 21.74% | 8.72% | 1.25x | 1.99x | Rs353.83 Million |
| 2019 | 24.22% | 8.51% | 1.43x | 1.99x | Rs525.01 Million |
| 2020 | 28.29% | 8.57% | 1.56x | 2.12x | Rs830.58 Million |
| 2021 | 15.21% | 6.57% | 1.25x | 1.85x | Rs279.37 Million |
| 2022 | 24.26% | 9.53% | 1.38x | 1.85x | Rs979.56 Million |
| 2023 | 16.47% | 6.81% | 1.10x | 2.20x | Rs518.42 Million |
| 2024 | 13.44% | 4.91% | 1.23x | 2.23x | Rs314.86 Million |
| 2025 | 4.67% | 2.23% | 1.07x | 1.95x | Rs-644.76 Million |
| 2026 | 4.39% | 1.76% | 1.02x | 2.44x | Rs-708.79 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: $15,788,654,526
- Average return on equity (ROE) among peers: 255.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| PSP Projects Limited (PSPPROJECT) | Rs12.64 Billion | 54.66% | 1.44x | $419.28 Million |
| A2Z Infra Engineering Limited (A2ZINFRA) | $11.50 Billion | -9.20% | 1.49x | $29.62 Million |
| AFCONS INFRASTRUCTURE LTD (AFCONS) | $52.62 Billion | 9.25% | 2.25x | $1.08 Billion |
| Akash Infra-Projects Limited (AKASH) | $445.41 Million | 21.94% | 1.00x | $4.87 Million |
| Ashoka Buildcon Limited (ASHOKA) | $2.73 Billion | 5.27% | 1.15x | $367.62 Million |
| AXISCADES Technologies Limited (AXISCADES) | $1.03 Billion | 15.50% | 0.70x | $714.31 Million |
| Capacit'e Infraprojects Limited (CAPACITE) | $15.17 Billion | 7.93% | 1.08x | $196.44 Million |
| Consolidated Construction Consortium Limited (CCCL) | $275.93 Million | 2437.47% | 18.65x | $74.84 Million |
| Ceigall India (CEIGALL) | $21.46 Billion | 14.53% | 1.57x | $645.73 Million |
| Dilip Buildcon Limited (DBL) | $52.55 Billion | 12.19% | 2.75x | $754.01 Million |
| Dhruv Consultancy Services Limited (DHRUV) | $99.06 Million | 36.26% | 2.08x | $5.04 Million |
About PSP Projects Limited
PSP Projects Limited, a construction company, provides construction and allied services for industrial, institutional, commercial, residential, hospitality, hospital, and landmark 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